Sleep Apnea is a condition where your breathing stops for a short period of time during sleep. In general there are three types of apnea that occur during sleep:obstructive, central, and mixed. This condition can cause some issues and dangers including but not limited to the following:
When sleep apnea is combined with other disorders such as cardiac, cerebro vascular or pulmonary issues a persons mortality risk can increase. This is the major reason why underwriting sleep apnea could possibly result in higher premiums.
Our guide to Sleep Apnea Life Underwriting hopefully will help you in negotiating the best underwriting offer for life insurance.
Major Factors Affecting your life insurance offer:
- Current Age
- Type of Apnea, Obstructive-Central-Mixed
- Severity of the condition
- Your treatment: CPAP machine or surgery
- How compliant with any treatment or medications prescribed
- When was the last sleep study completed
- Build or Height and Weight
- Any other health issues such as high blood pressure, coronary artery disease or arrhythmia
- Currently Smoking
How to make the underwriting process go quicker and more smoothly:
Gather most current details of latest sleep study or at least try to obtain the latest results from your specialist
Details of how your treatment is working and if you are being compliant with the prescribed treatment, such as using CPAP machine as prescribed by the doctor.
Details of build, lifestyle, medications and any other related health issues
Possible Underwriting Decisions, (this will always depend upon complete underwriting)
- Compliant with all recommendations and medications with good follow up: Possible Preferred
- If Mild with no complications: Possibly a Standard Rate Class
- Moderate to Severs Disease: Possibly table 2 to table 4 rate class
- Severe Disease: If untreated possible table 4 up to a decline or postponement
If over age 50 these rate classes could be higher. As always this is just a guide to help you have a good insight into what you will need to provide your broker and the insurance company for complete and full underwriting. Only after complete and full underwriting will you get a formal offer from the carrier.
Work with a good Broker that has experience in Substandard Impaired Risk Life Underwriting with access to a brokerage general agency. This can help you in the fact that they can shop your file to multiple carriers to try and obtain the very best offer from the top carrier.