Can people who have sleep apnea and use a CPAP get affordable life insurance?
I’ve successfully written several cases, and have gotten as good as preferred rates for these folks.
But it’s not as easy as getting a quick quote from an online life insurance estimator and applying to the company with the best rate.
You really need to use an agent who understands higher risk life insurance cases, and can “shop” your case around to multiple companies to get you the best deal. Otherwise you might get stuck with a company who is very stringent on sleep apnea and may give you a substandard health rating or even deny you coverage. Let’s talk about how to avoid that.
Sleep Apnea Can Be Serious
First thing you must understand is you can’t take this lightly.
Clients who tell me they have sleep apnea but “it’s not that bad” so they don’t use their CPAP will have trouble getting affordable life insurance.
Sleep apnea is a condition life insurance underwriters take very seriously, as it can cause much bigger problems than snoring. If left untreated and if the apnea is severe, one serious side effect is that patients are prone to accidents, due to the lack of a good night’s sleep. They experience fatigue and fall asleep at the wheel.
The apnea is a period of time during sleep when the person actually stops breathing. Sometimes, the lack of oxygen has been blamed for high blood pressure or a contributing factor in strokes.
How Sleep Apnea Affects Your Life Insurance Rates
Several factors will determine how much you pay for life insurance with sleep apnea.
#1 Factor – Compliance to Your Doctor’s Treatment
First of all, are you wearing your CPAP regularly? If you are, you’re much more likely to get a favorable health rating, which means better rates. If you’re not, you could be declined or forced to pay a high rate.
Secondly, all life insurance carriers will want to see the results of a sleep study wearing your CPAP.
If it was normal and you wear your device every night, that’s a good start. Do you experience any symptoms, such as fatigue, daytime sleepiness, or falling asleep at work. Lastly, are you overweight? If you treat the apnea, but are still overweight, you will not qualify for the better ratings and pricing.
Our friend, Chris Acker, has a much more extensive guide on the subject over at Myfasttermquotes.com. Here’s a link to that: Buyer’s Resource Guide to Sleep Apnea Life Insurance
What If I Don’t Have Sleep Apnea Anymore?
In some cases, a client will tell me they lost weight and no longer use their CPAP since they don’t have sleep apnea anymore. That makes sense to you and me, but to an insurance underwriter, they’ll want to see proof. What that will generally mean at the least is a follow up visit to your doctor who can make a note of it in your records (officially “Undiagnosing” you, if that’s a word), but more often than not, the underwriters would want to see another sleep study proving you no longer have it.
Best Life Insurance Companies with Sleep Apnea
Not all insurance carriers are as lenient as others about sleep apnea, so make sure to talk to a knowledgeable, independent life insurance agent like our agents at Huntley Wealth about your case, to be sure you get the lowest price available to you. You can reach us at 888-603-2876.*While we make every effort to keep our site updated, please be aware that "timely" information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.