Saturday, March 23, 2024

Sleep Apnea And Life Insurance

The Right Life Insurance Agent Makes All The Difference

Sleep Apnea? Don’t Lose Sleep Finding Life Insurance

Life insurance carriers are very serious about sleep apnea. Bottom line, it causes death. Because of this, when youve decided to acquire life insurance, then you also should work closely with a qualified insurance broker or independent agent.

The independent agent will have the experience to locate policies for those having the illness and will isolate the carriers which have a very positive view of applicants that have been diagnosed with sleep apnea.

For those who have health impairment, and you also make an effort to find life insurance by yourself.

Ultimately can devote a great deal of time and wind up receiving the wrong advice by captive carriers. Just a skilled life insurance professional should have the ability to assist you to find the one that is perfect for you.

Health Ratings For Sufferers Of Sleep Apnea

Term life insurance is based on health ratings, which greatly help determine your insurance premiums. People in perfect health without any issues get approved at the lowest rates called Preferred Plus or Preferred Best rates. It goes up from there as you can see in the chart below.

Rate Class / Risk Class

Sleep Apnea Life Insurance

Can I get life insurance with sleep apnea? Who are the best life insurance companies for sleep apnea? If you are wondering if you can get life insurance with sleep apnea, youll need to understand what life insurance companies are looking at before they offer you a policy.

Sleep disorders are incredibly common, and among the most widespread is sleep apnea. Second only to insomnia, sleep apnea is a reality for over 18 million Americans and affects many aspects of their daily lives. When it comes to life insurance, sleep apnea can also affect coverage and policy rates. Fortunately, your chances of getting the best rates with this sleep disorder are best if you are prepared.

> > Quick Tip: You can contact us now or start comparing quotes online, but in the meantime keep reading for more information on what to expect when applying for life insurance with sleep apnea.

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How Can I Get Affordable Life Insurance Rates With Sleep Apnea

One of the most effective ways to get more affordable life insurance is to receive quotes from several different life insurance companies. This way, you can compare rates, and youll be more likely to get an offer for affordable life insurance.

If you have been for sleep apnea, you probably arent doing business with the right carrier and agent. Call us at PinnacleQuote and we will match you up with the carrier that fits you best.

Remember, each company has different medical underwriting. Further, this means that the risk level associated with various medical conditions varies from company to company.

While someone diagnosed with sleep apnea are a high-risk applicant by one insurance company, another insurance company may offer the same person a standard life insurance rate.

Youll want to make sure youre only working with the best insurance companies, such as American General/AIG. These companies will be more reliable and provide higher quality customer service. You can use the ratings given out by A.M. Best as a resource.

For those who have sleep apnea, the entire life insurance industry may want to know that you are trying to find treatment for it.

Additionally, they will be interested in how frequently you are taking advantage of those procedure choices. A severe condition can lead to high rates ranging from normal to substandard as long as youre complying with the treatment regimen.

Your Most Common Questions About Snoring And Sleep Apnea Answered

Sleep Apnea and VA Service

Ysabelle Alesna

Are you the kind of person who constantly wakes up during the night because youve caught yourself snoring? Or maybe youve been woken up by a cranky partner who says your snoring kept them up all night.

Whether its a gentle snuffle to loud deeps raps, snoring is quite common, the condition impacts roughly around 57 per cent of men and 40 per cent of women.

While snoring can be a nuisance for both the snorer and anyone else in earshot, this sleep-associated behaviour can be a signal of a more serious health problem. Given that so many perceive snoring as an embarrassing sleep habit, it is often not talked about, leaving many people may with questions about their snoring habits such as why is it happening and how to stop it.

With that in mind and in an effort to alleviate any concerns around your snoring habits, Starts at 60 spoke to the sleep experts to answer the most common questions about snoring and when you should be concerned about the impact on your health.

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Sleep Apnea Life Insurance Rates

Obstructive Sleep Apnea is the most common type of sleep apnea.

From a life insurance underwriting standpoint, life insurance companies tend to offer their standard life insurance rates.

There are occasions when it is possible to receive a better life insurance rate than standard.

Keep in mind that not all life insurance companies will be competitive with underwriting obstructive sleep apnea.

We know which life insurance companies are most aggressive based on your specific obstructive sleep apnea circumstances.

Life insurance underwriters want to know what your Apnea Index is and what your Oxygen Saturation Levels are.

In addition, it is critical that you are compliant with your doctors orders.

Any additional medical factors that you can control such as your build, weight, smoking, alcohol consumption, high blood pressure, etc.

Will affect your life insurance rates.

If your medical records indicate that you have taken the steps to improve these areas,

This will help you from a life insurance underwriting standpoint.

How Apnea Index Affects Your Insurance Rate

Apnea Index of:

  • 0-10 typically no additional life insurance cost
  • 11-20 50% table rating increase over standard life insurance rates
  • 21-30 100% table rating increase over standard life insurance rates
  • 31-40 150% table rating increase over standard life insurance rates
  • Above 40 decline.

This assumes Oxygenation Levels in 90% range.

Mild, Moderate and Severe Obstructive Sleep Apnea:

Apnea Definitions

And If The Life Insurance Underwriters See Lots Of Tickets Coupled With Sleep Apnea Then They Will Probably Decline To Offer You A Life Insurance Policy

This is called lifestyle underwriting and its just as important as medical underwriting when it comes to life insurance risk assessment.

Think about thisaccording to research, people with sleep apnea are more likely to fail a driving simulator test and report nodding while driving.

Twenty-four percent of those with untreated sleep apnea failed the test.

It was found that people with sleep disorders had higher risk for unprovoked crashes and could not adhere clear driving instructions given at the start of the simulator test.

Its tests like these on the ability of people with sleep apnea to drive safely that has affected your approval or premium calculations by car insurance companies.

Insurance companies define their level of risk insuring you based on your driving history.

If your driving history is riddled with traffic violations and accidents, it will have a negative impact on the cost of insurance.

And if any of those accidents were specifically related to your sleep apnea, then yes, your sleep apnea will affect your car insurance.

They may view you as high-risk. However, if you can prove that you have your sleep apnea under control, then insurers may quote you.

Remember, insurance carriers focus on you and if your sleep apnea has a direct impact on your ability as a driver, then you will be perceived as a risk.

Insurance companies calculate differently so its important that you get quotes from multiple insurers.

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How To Get The Best Life Insurance With Sleep Apnea

Life insurance is one of the most important safety nets you can purchase for your loved ones but finding an affordable policy can be a little tricky when you have a pre-existing condition like sleep apnea.

According to the American Sleep Apnea Association, over 22 million Americans suffer from a lack of restorative sleep because of their condition. If untreated, this sleep disorder can disrupt the flow of daily life and contribute to the risk of heart disease or diabetes. Because of this, life insurance carriers can be particularly wary of applicants that are diagnosed with sleep apnea but that doesnt mean life insurance is impossible to get.

To address the confusion around sleep apnea and insurance, this guide explores three things. Namely, the risks associated with sleep apnea and why these matter to folks in the life insurance industry, what your life insurance company looks at, and how you can get life insurance with sleep apnea.

What The Insurer Will Look For

Can Sleep Apnea be Cured? Managing Sleep Apnea | theSITREP

Life insurance companies are interested that those with sleep apnea are taking the appropriate measures to keep it under control. The life insurance company will be looking particularly at:

  • Current, favorable sleep review to prove that treatment is doing the job
  • Current, favorable sleep review to prove that treatment is doing the job
  • Current, favorable sleep review to prove that treatment is doing the jobGood reaction to treatment
  • Repeated follow-ups with the doctor to be sure the C-PAP is working
  • Related medical diagnosis or risk factor, such as elevated blood pressure, cardiovascular disease, depression symptoms, stroke or being overweight
  • No sleep-related collisions while driving

The rating class provided by insurers for applicants with sleep apnea will rely on the seriousness of the disorder, outcome of sleep studies, signs and symptoms, treatment, response and complying with treatment, number of years since last symptoms, and the all-around health and mortality risk of the individual.

Unattended sleep apnea is often ranked poorly or may even be refused for coverage, as are individuals who have sleep apnea but do not abide by the doctors treatment instructions. The insurance company will be looking for evidence in the medical records that treatment advice is implemented and is effective.

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Can You Get Preferred Plus Rates With Sleep Apnea

Actually, yes, in some cases. We have pinpointed a carrier that can offer up to Preferred Best on permanent products for clients with a history of sleep apnea . Obviously, not all cases will qualify, so what makes the difference between a Preferred Best sleep apnea case and one that may end up Standard or worse? Two words: compliance and control.

Like most impairments, the carriers willingness and ability to make a great offer on a sleep apnea case will depend largely on the proposed insureds compliance with their physicians prescribed course of treatment, as well as the treatments actual effectiveness. What could that look like? Consider the following:

  • 50-year-old male who qualifies for Preferred Best rates with the exception of an abnormal sleep study two years ago.
  • A diagnosis of moderate obstructive sleep apnea was made at the time, and a CPAP was prescribed.
  • Two subsequent studies were normal.
  • The documented compliance and control enabled the carrier to offer Preferred Best.
  • Before we all dust off old sleep apnea cases and get them ready to submit, there are some additional factors to consider:
  • The initial diagnosis was obstructive sleep apnea , rather than central, or mixed apnea .
  • OSA was categorized as no worse than moderate.
  • The prescribed treatment demonstrated resolution of the symptoms.
  • The proposed insured was a nonsmoker.

To get cheaper life insurance, you need to be in the best health possible.

Make sure you speak with an experienced agent today!

Best Guide To Sleep Apnea Life Insurance

Wouldnt it be nice to wake up like this every morning knowing that you found the perfect term insurance policy- even with sleep apnea?

Update 6/14/2021

CPAP therapy may have a protective effect on adverse cardiovascular outcomes in patients with coronary artery disease and nonsleepy obstructive sleep apnea who have greater heart rate responses to sleep apnea events.

Greater heart rate response to respiratory events could be used to select patients most likely to exhibit long-term cardiovascular benefit from CPAP therapy, Ali Azarbarzin, PhD, with the division of sleep and circadian disorders at Brigham and Womens Hospital and assistant professor of medicine at Harvard Medical School, said during a presentation at the virtual American Thoracic Society International Conference.

If you are searching for sleep apnea life insurance, youll love this article

There are a TON of other sites that merely discuss sleep apnea and a basic overview of the life insurance application process.

One of my main Competitors, Quotacy, has a popular blog post, but no others delve as deeply into the subject of sleep apnea life insurance as we do in this guide and on our entire site.

In fact, not even PolicyGenius or LifeInsuranceByJeff come close to going as deeply into the subject of sleep disorders and life insurance.

And why would they?

It takes a MASSIVE amount of time and research to come up with excellent resources on high-risk life insurance.

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Sleep Apnoea & Critical Illness Cover

People with minor obstructive sleep apnoea that use a CPAPs machine and have no other risk factors, such as heart problems or a high BMI, may find standard terms on their critical illness cover. As with Life Insurance, the insurer will probably want to see a report from your GP, before they can fully consider your application for critical illness cover.

For those who have a high BMI alongside major obstructive sleep apnoea, cover will likely be subject to a price increase. Options can be available for those who are not interested in the latter, involving exclusions for claims related to the sleep apnoea.

Life Insurance Riders For Those With Sleep Apnea

" Red Flag"  Medications For Sleep Apnea And Life insurance

Many life insurance companies allow customers to add additional options to their policies, known as policy riders. There are some policy riders that could be of particular interest to policyholders with sleep apnea.

  • Waiver of premium: This rider will waive the premium of a life insurance policy if you become permanently disabled. This can be beneficial for customers with sleep apnea who are concerned that their condition may result in a loss of income.
  • Accelerated death benefit: If you are diagnosed with a terminal illness and have a shortened life expectancy, this rider allows you to access a portion of the policy death benefit while you are still alive. This can be beneficial to policyholders with sleep apnea who are concerned that they may develop a terminal condition.
  • Guaranteed insurability: This rider ensures that the insurance company will provide coverage without a new medical exam. These riders are only good for a set, predetermined amount of time before they expire. This rider can help customers with sleep apnea by providing them an extra window to extend their coverage without worrying about their condition leading to a denial of coverage.

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People Suffering From Any Type Of Sleep Apnea Can Typically Get Some Form Of Life Insurance

Because obstructive sleep apnea is the most common type of sleep apnea, it will be the main focus of life insurance underwriting.

With an individual policy, only people with obstructive sleep apnea, typically can get life insurance.

Unless you can document that your CSA condition was temporary, or caused by environmental factors.

For example, high altitude. Sleeping at an altitude higher than you’re accustomed to may increase your risk of sleep apnea.

High-altitude sleep apnea is no longer a problem when you return to a lower altitude.

This situation would most likely be favorably viewed by insurance companies who specialize in life insurance with sleep apnea.

The underwriting scenario for people with obstructive sleep apnea would be âstandardâ life insurance rates.

However, there are select companies that may consider better rates if everything else about you meets their requirements.

Life Insurance With Sleep Apnea In Canada

Talk to one of our experienced advisors today!

8 Minute read

Sleep apnea is a sleep-related medical condition that is rising in diagnosis and becoming more prevalent amongst even young people. Statistics show that in Canada the rate of patients who are being diagnosed with sleep apnea by medical professionals is growing. Luckily, there are plenty of life insurance companies that are happy to provide coverage to those who are diagnosed with sleep apnea. There are also certain things that you should know if you or a loved one is diagnosed with sleep apnea and are looking to get a life insurance policy. In this blog post, we will be taking a look at what sleep apnea is, how sleep apnea can affect your life insurance, how you can get life insurance even if you have sleep apnea and more things to know about life insurance with sleep apnea in Canada.

In this article:

  • What happens if you get diagnosed with sleep apnea while having life insurance
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    Are Certain People More Likely To Snore

    The short answer is yes. There are at least twice as many men who snore than women, with roughly 40% of men reporting snoring versus 20% of women.

    Mens soft palates have a larger cross-sectional area, which means there is more tissue that can vibrate and make noise. As well, the area between their epiglottis and hard palate is also larger, so there is the more unsupported soft tissue that can relax, and thus vibrate while sleeping, explains Wrigglesworth.

    Men are also prone to put more weight around the neck, restricting airflow.

    Finding The Right Life Insurance For You

    How is Sleep Apnea treated? | CPAP | Continuous Positive Airway Pressure machine | theSITREP

    If youâre diagnosed with sleep apnea you can still find affordable life insurance for your situation! Working with a life insurance advisor can help you create the perfect life insurance plan and package for your needs.

    At Protect Your Wealth, we work with and compare policies and quotes from the best life insurance companies in Canada to create the best solution for you and your needs. Weâve been providing expert life insurance solutions since 2007, including no medical life insurance, term life insurance, and permanent life insurance, to build the best package to give you the protection you need.

    Contact Protect Your Wealth or call us at 1-877-654-6119 to talk to an advisor today! Weâre proudly based out of Hamilton, and service clients anywhere in Ontario, including areas such as Ancaster, Aurora, Burlington, Oakville, and Oshawa.

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