Life Insurance with Sleep Apnea
If you have sleep apnea and have tried to purchase life insurance before, you likely have found that it will dramatically increase your rates. Many agents will quote you "standard" rates when they find out you have sleep apnea, but if you work with an agent who doesn't just quote by the book and tries to find the right fit for each client you could save huge amounts of money over the life of the policy.
One of our clients, Joe Gazarik, who has mild sleep apnea, applied with three different agents and was quoted $3,950 with one and $4,200 with another. We were able to deliver the policy at $1,950 per year. This was a 30 year term policy and that represents a savings of over $58,000 over the life of the policy!
At Daniel Insurance Agency we understand not each company treats each condition the same and will work with you to determine the right fit, and also to understand your condition and not let you get lumped into the group for having a minor condition if all other health conditions are good. Unfortunately, otherwise healthy people who happen to have sleep apnea find that buying life insurance becomes very expensive. Let us see how much we can save you. If you already have a policy we can do a review with you in just minutes.
Please call us toll free at 866-714-2100 or fill out the short form below and let us help you.
Sleep apnea occurs when you regularly stop breathing for 10 seconds or longer during sleep. It can be mild, moderate, or severe, depending on the number of times in an hour that your breathing stops (apnea) or becomes very slow (hypopnea). Apnea episodes may occur from 5 to 50 times an hour.
There are three types of sleep apnea: obstructive sleep apnea, central sleep apnea, and mixed sleep apnea. Obstructive sleep apnea, which is also called OSA or simply sleep apnea. (OSA), which is the result of blocked airflow during sleep, results from narrowed airways. Other factors, such as obesity, often contribute to obstructive sleep apnea. Central sleep apnea, results from a problem with how the brain signals the breathing muscles. This type of apnea can occur with conditions such as heart failure, brain tumors, brain infections, and stroke. Mixed sleep apnea, which is a combination of obstructive and central sleep apnea.
Sleep apnea can also occur if you have bone deformities or larger than normal tissues in your nose, mouth, or throat. For example, you may have large tonsils. During the day when you are awake and standing up, this may not cause problems. However, when you lie down at night, your tonsils can press down on your airway, narrowing it and causing sleep apnea. The most common device utilized to help is a CPAP (continuous positive airway pressure) to prevent the airway from closing during sleep.
The life insurance industry likes to see good compliance with full utilization of the CPAP machine. In addition, it may not be a bad idea to have a sleep study performed to measure how you are doing depending on your doctors thoughts. Make sure to review your options when buying life insurance and find the right agent who will work with you and identify the right companies for your given situation.
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