If all this gene achieved was less cardiovascular diseases and higher intelligence, we would (nearly) all have it by now due to selection. So the question is, what else does it do which counterweights this?
The message of the paper and the literature as they read it is: if you have exactly one copy of the gene, it's better than zero copies. It's like malaria resistance and cycle cell anemia. See "heterozygote advantage" on Wikipedia. From the paper: "We show that a lifespan-extending variant of the human KLOTHO gene, KL-VS, is associated with enhanced cognition in heterozygous carriers.... Three percent were homozygous for KL-VS, a rare genotype that for unknown reasons is associated with decreased lifespan and detrimental effects (Arking et al., 2002, 2005; Deary et al., 2005); they were excluded from the study." If you have two copies, it's worse than zero. So if nearly everybody had two copies of the KL-VS variant, then children of the rare people with 0 or 1 copies would have a fitness advantage relative to the population. A dynamic like this would prevent it from going to fixation. (Assuming it just has an additive effect with other genes etc.)
Top Ten Things Overheard At The ANSI C Draft Committee Meetings: (2) Thank you for your generous donation, Mr. Wirth.