Can I Get Life Insurance with Sleep Apnea?

Life Insurance with Sleep Apnea
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    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, you’ll 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.

    Life Insurance Questions on Sleep Apnea

    Not all cases of sleep apnea are the same, and we are fully aware of this. In order to make sure you get the best life insurance quotes available, you should be prepared to answer to following questions:

    1. How old are you, and when were you diagnosed with sleep apnea?
    2. Do you have obstructive sleep apnea, central sleep apnea, or mixed sleep apnea? (As you may already know, most sufferers have obstructive sleep apnea).
    3. How severe is your sleep apnea?
    4. Have you participated in a sleep study, and if so, when?
    5. Have you been diagnosed with any other health conditions (high blood pressure, cardiomyopathy, acid reflux, etc.)?
    6. What kind of treatment have you had (are you sleeping with a CPAP machine, using an oral device, have had surgery, etc.)?
    7. Do you currently smoke cigarettes/ do you have a history of tobacco use?
    8. What is your height and weight?

    does sleep apnea affect life insurance rates?

    It definitely can! Depending on your answers to the above questions you will fall into one of several health rating categories:

    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 ClassPricing ResultCost Rank
    Preferred Best / Plus50% of Standard1 (cheapest)
    Preferred63% of Standard2
    Standard Plus / Select86% of Standard3
    Sub-Standard / Table Ratings  
    Table 1 / A25% over Standard5
    Table 2 / B50% over Standard6
    Table 3 / C75% over Standard7
    Table 4 / D100% over Standard8
    Table 5 / E125% over Standard9
    Table 6 / F150% over Standard10
    Table 7 / G175% over Standard11
    Table 8 / H200% over Standard12

    Preferred Plus Rates

    If you have been diagnosed with mild sleep apnea and do not have any real complications, you may be eligible for Preferred Plus rates (the lowest ones). Actual insurance rates will vary from person to person, but for a better idea of what they’re like, let’s take a look at an example based on real-life situations.

    Preferred Rates

    If you have been diagnosed with mild to moderate sleep apnea, but are following your doctor’s recommendations and are actively treating your complications (say, by using a CPAP machine every night and exercising) you may qualify for Preferred rates.

    • For instance, if Bill does have sleep apnea complications but is treating them, he is likely to be offered a rate of $39 a month for a $500,000, 20-year policy.

    Standard Rates

    If you have been diagnosed with severe sleep apnea but are treating it and following your doctor’s recommendations, you may be eligible for Standard rates.

    • If, for example, Bill has severe sleep apnea but is treating it and doing everything his doctor says, he will likely be offered a rate of $64 a month for a $500,000, 20-year life insurance policy.

    Substandard/Table Ratings

    Table ratings are basically additional charges that are added on to regular rates. The higher the table rating, the higher the cost. For example, if you have been diagnosed with moderate sleep apnea but are letting your complications go untreated, you may be slapped with a Table 2-4 health rating.

    • Now to our example: If Bill has been diagnosed with moderate sleep apnea but has not been doing anything about it, he may be offered a Substandard “Table 2” rating of $77 a month for a $500,000, 20-year term life insurance policy.

    Life Insurance Denial

    Yes, people with sleep apnea can still get denied life insurance coverage. However, this largely occurs when the disorder has been diagnosed as severe and is being left untreated.

    So, the lesson here is that if you do have sleep apnea, you are still very much eligible for life insurance coverage. However, it is very important that you treat it as recommended. Remember— the better you take care of yourself, the better life insurance companies will take care of you.

    Can I get life insurance with sleep apnea?

    If you have sleep apnea get started with an instant quote. Our licensed agents are experts in finding the right companies that will approve you. Not all companies are the same and the top carrier with the best rate will be based on your specific health details. Remember, it’s all about which company you apply with when it comes to preexisting health conditions.

    How to buy life Insurance with a Medical Condition

    Here are 7 steps you should follow if you're wanting to get approved for coverage.
    Total Time Needed: 30 minutes

    Required Tools:

    - Computer.
    - Phone.

    Things Needed?

    - Independent licensed agent

    Steps to get approved

    Step 1: Work with an independent agent
    With Acid Reflux, make sure to use an independent life insurance agent that has access to multiple companies.
    Step 2: Communication
    Your agent will listen about your Acid Reflux as well as your goals for coverage. They will also ask you the questions that a life insurance company underwriters will want to know about your GERD.
    Step 3: Shopping the competition
    Your agent is like your personal shopper. They will find the best life insurance company that will approve you and give you the best deal for GERD.
    Step 4: Choose your company and policy
    Once the bests companies have been found, you can choose the policy that meets your specific needs, goals and budget.
    Step 5: Apply
    Your agent will help you apply quickly and easily online or over the phone. Most companies provide e-signatures and e-delivery so you can submit your application as quickly as possible.
    Step 6: Underwriting
    After submitting the application you will begin the underwriting process. Once that has been completed you will know if you’ve been approved.
    Step 6: Purchase your policy
    Once your application is approved you may purchase your life insurance policy and put it in force.
    Michael Quinn

    Michael Quinn

    Michael is a licensed life insurance agent, expert & owner of Life Insurance Blog. LIB has helped thousands of shoppers understand life insurance and secure affordable coverage.

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