Welcome to Quotacy’s Q&A Friday where we answer your life insurance questions. Quotacy is an online life insurance agency where you can get life insurance on your terms. I’m Jeanna and I’m Natasha Today’s question is: Can I get life insurance if I have sleep apnea? Sleep apnea is actually one of the most common medical conditions we work with here at Quotacy. It’s a condition our agents are very familiar with and they have had a lot of success in helping people with sleep apnea get life insurance coverage. Sleep apnea can be a serious sleep disorder, but with proper treatment it can also be very well-managed. When it comes to life insurance, there are standard and substandard risk classes. Applicants with well-managed sleep apnea can get placed into one of the standard risk classes and sometimes even a preferred risk class. When we say risk class, this is the category the life insurance company assigns you to based on your health and lifestyle. Your risk class determines how much you will pay for life insurance. The table shown is an example of how a 30-year-old man’s risk class can affect his monthly premiums. So, let’s say a 30-year-old male with sleep apnea applied for life insurance. The insurance company would review his application, recent sleep study results, medical exam results, and health records. After evaluating everything, they decide to offer Preferred and the applicant accepts. This 30-year-old will now only have to pay $28.26 per month for $500,000 of life insurance coverage for the next 20 years no matter what happens. After the policy is active, the life insurance company cannot change the policy. Even if this man was unexpectedly diagnosed with cancer at age 45, he still would have coverage for only $28.26 per month. When it comes to sleep apnea specifically, the condition is typically diagnosed as mild, moderate, or severe. However, because this diagnosis can be subjective, the life insurance company underwriter will review your sleep study tests. These tests reveal brain wave activity, respiratory patterns, chest muscle activity and oxygenation levels. These values will assist the underwriter in determining your risk class. If your doctor has advised you to take a sleep study test and you have not done so, many life insurance companies won’t even offer you coverage until you do. Because the severity of sleep apnea can change with treatment or lack thereof, life insurance companies also want to see recent sleep study results. Results from 10 years ago likely won’t cut it. If your doctor has advised you to follow a certain treatment method, such as diet and exercise changes or using a CPAP machine, but you are not compliant, the life insurance company is likely going to postpone or decline your application. If you have sleep apnea and are looking for life insurance, Quotacy can help. Quotacy is a life insurance broker which means we have access to many of the top-rated life insurance companies and can shop the market for you. We don’t work for any one insurance company, we work for you. Our agents’ jobs are to advocate on your behalf to get you the best life insurance coverage possible. Recently we had a 54-year-old client with sleep apnea apply for life insurance through us. It was considered mild and well-managed with a CPAP machine. His Quotacy agent reviewed his application and knew that the company he had originally picked when he applied online was likely going to assign him a Standard Plus risk class. His agent suggested actually switching companies in order to save money by getting a better risk class. Being a broker with many years of experience, we know the underwriting standards of the life insurance companies that we work with. This is how our agent knew to switch companies. Our client decided to follow his agent’s suggestion and switched to the other life insurance company. He was then given a Preferred Plus risk class and actually ended up saving $55 per month. Thanks for watching! If you have any questions about life insurance, make sure to leave us a comment. And if you have any questions regarding today’s topic, check out the blog link posted below. Otherwise, tune in next week when we talk about getting life insurance while pregnant. Bye! Thanks for sticking around! We’d appreciate it if you’d Like the video and hit that fancy little Subscribe button to see us every week. Bye!