The industry norm for underwriting sleep apnea has been the same for years until the Rock rocked the boat.
Mild to moderate sleep apnea has historically been underwritten at a standard or possibly a standard plus rate depending on compliance with cpap use and a sleep study showing controlled apnea when using the cpap. Out of the blue, Prudential has stepped up and said that they will offer their best rate class, one of the best rates available in the industry, for sleep apnea in the mild to moderate categories as long as compliance is good and all other risk factors fall within their best rate class underwriting guidelines.
This is huge. It could potentially cut in half the premium payments for those that qualify. For those currently paying the higher rates, it can mean more money in their pocket, or more insurance and longer terms without higher cost.
Remember now – ALL OTHER RISK FACTORS IN THE BEST RATE CLASS MUST BE MET. Some of the things that might keep you from improving with this new underwriting would be treatment for high blood pressure, obesity, treatment for cholesterol, or family history. But let’s be clear. These things will keep you out of the best rate class with any company.
But for the healthy guy that just happens to have been blessed with a bit of obstructive sleep apnea, savings are there to be had. Talk to your independent agent today.
This post is somewhat dated. Life insurance underwriting is changing and evolving continually. For more updated information check out some of the key word links. If you have a specific question or topic you need information for do a search. If you don’t find the answers you need contact me and we’ll make sure you get the information that is important to you.