How Sleep Medications Affect Life Insurance Underwriting
Insomnia or sleeplessness is a common sleep disorder in which people have trouble falling asleep/ staying asleep or both. The end result is poor-quality sleep.
*What medications are being taken for insomnia or the sleep disorder?
*Date of diagnosis?
*Is the sleep problem related to depression?
Common medications for treatment of insomnia or sleep disorder
Ambien (zolpidem), Ativan (lorazepam), Lunesta (eszopiclone), Rozerem (ramelteon), Sonata (zaleplon) Silenor (doxepine)
Life insurance underwriting with sleep medications
If the insomnia is mild and only on one medication than the best health rating class is possible if one would otherwise qualify.
If the sleep disorder is caused or related to depression or any other issues than the standard or average rate class is likely.
Sample rate for a $250,000 20-year level term policy for a 45-year old female on prescription Ambien, non-smoker excellent health, no depression medications: $27 month.
Sample rate for a $250,000 20-year level term policy for a 45-year old male on prescription Ambien, non-smoker excellent health, no depression medications: $32month.
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*Rates as of 3/06/2013. The information in this post is for informational purposes only and is not a guarantee of rates and insurability. Rates and eligibly are subject to the underwriting guidelines of the insurance companies and state in which you live.