Sleep Apnea and Life Insurance- How to get the best rates!

Who’s’ the best company to work with if you currently have sleep apnea?

Let’s cover two of them. A fully underwritten life insurance policy that requires a medical exam and a company who doesn’t need a medical exam. Yep that’s the power of working with someone who represents all the company’s ladies and gentlemen. It’s that simple.

Let’s look at the option that requires a medical exam first. Our top pick for a company with sleep apnea that needs a medical exam would be hands down Prudential Life Insurance. They are incredibly favorable with individuals with sleep apnea.

Non-substandard rates are even possible if that condition is controlled and well documents which is much better than some of the other companies are willing to offer in these situations. You could potentially even be looking at Preferred Rates with Sleep Apnea.

How exactly do you do this?

Surprisingly, it’s simple. You need the underwriter to see how minor of an issue it is for you. If you’re taking all your medications and prescribed treatments ordered by your doctor you can quickly get approved at the best life insurance rates. Even with having a pre-existing medical condition or being deemed high risk.

Special Note– Sleep apnea would need to be your only issue to be considered for rates like these. If you have other pre-existing medical conditions going on the sleep apnea won’t be the only issue carrying weight with the underwriters.

Make sure to be honest with your life insurance agent, tell them everything related to your health and the questions your agent asks entirely and in the most detail as possible and ultimately you will end up doing much better on your overall price, and the approval process will be as easy as 1,2,3.

Here’s an easier way to break down what would be needed to achieve the cheapest rates for life insurance with sleep apnea.

Just ask yourself these simple questions, and you will know how close you potentially are to achieving the best rates possible with sleep apnea.

What was the date of diagnosis? When you look back and evaluate the date it was diagnosed, has it been at least 1 year? If so, you’re still in good shape. Have you followed all orders from your physician to the nose as your life depends on it? In all honesty, your life probably does depend on it, but that’s besides that point. If that answer is yes, it comes down to 1 last item.

Therefore the 1-year mark is essential. Have you had a new sleep study conducted that showed improved results and the category of the sleep apnea has improved overall?

If so and you have no other high-risk issues we can start working in your corner.

Now let’s look at life insurance with No Medical Exam and who’s the best with sleep apnea

We would recommend if you have sleep apnea and are trying to save some premium dollars, you will probably want to complete the exam, but it’s not 100% necessary. It’s just cheaper at the end of the day by doing so. If you’re terrified of needles or just don’t feel like doing it, our top pick would be Phoenix Life Insurance Company.

Over the last few years, Phoenix Life Insurance has quickly become one of the carriers we use most frequently. They have fast approvals, and many niches with underwriting and sleep apnea happen to be one of them.

What prices and ratings can we expect if we have sleep apnea?

Here’s a quick look at the best life insurance rates you can expect with sleep apnea and how it breaks down.

If it’s controlled and looking awesome- Preferred Rates Still Possible

If it’s moderate and not entirely known of the overall condition- Standard Rates are Possible

If it’s Moderately Severe, no Sleep Studies completed yet, or a CPAP machine is needed every night, you’re looking at a Table 2 Rating which merely is one class below the standard rating.

What’s the best life insurance possible with Sleep Apnea?

We have already touched on this but to recap, preferred rates are possible, and overall the best life insurance you can have with sleep apnea is ANY life insurance. Life insurance is critical to your overall financial future and family’s financial security and should be ignored due to something such as sleep apnea.

In fact, I would argue sleep apnea is one of the easiest pre-existing medical conditions

Do we feel confident about obtaining life insurance with sleep apnea? What are you waiting for?

To sum things up, we believe at Good Life Protection that obtaining life insurance with sleep apnea is an easy task and the biggest roadblock is usually something related to the sleep study status or getting one completed. Don’t ignore life insurance over something such as sleep apnea.

We handle these cases weekly and can get it done for you too. Most likely at rates way better than you ever expected. Representing over 60 life insurance companies is a powerful thing for us as the agency and a powerful thing for you as the consumer. We shop your rates until we find you the best deal possible regardless of your pre-existing medical condition.

As always, thank you for reading, and we appreciate you. If you haven’t done so already be sure to subscribe to our email list for the latest news in the industry, rate changes, and our most recent blog post. If you’re ready to protect your family, feel free to check the possible rates you may be looking at by filling out the form on the right.

Till next time.

Originally published at on December 26, 2018.

Good Life Protection

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