Best Life Insurance with Dementia or Alzheimer’s

Fill out the form to get quotes for Final Expense Life Insurance with Dementia or Alzheimer’s. 

What kind of Final Expense Life Insurance is available?

Getting life insurance with Alzheimer’s does not depend on the phase it has reached.  Most company’s won’t issue a policy to anyone who was diagnosed or treated for Alzheimer’s, dementia or memory loss.  However, there are a few companies that will. These kinds of policies are usually small amounts of whole life insurance.   Sometimes they’re referred to as Final Expense or burial policies.

Most insurance companies don’t offer coverage for individuals with this condition because of its underwriting risk valuation. But, if you are looking for a life insurance or Final Expense policy, you can buy a policy through the age of 85 and keep it for as long as you live. Unfortunately, if you are 86 or older, there are no options for Alzheimer’s patients.

What Type of Policy Should You Buy?

Final Expense whole life insurance policies that don’t ask any health questions are sometimes called “Guaranteed Acceptance whole life insurance”.  The only stipulation is that the insured person and the owner is either a U.S. citizen or legal resident. They are all guaranteed to never end, the coverage will never decrease, and the price will never increase.

You should pay your premiums by automatic draft out of a bank account. You may be able to pay with a debit or credit card if you don’t have a checking or savings account. Don’t choose to get a bill every month. If you do, they’ll charge you more for the insurance so it’s not worth it.

The main provision of Guaranteed Acceptance policies is that it will include a 2-3 year graded period. This means that if the covered individual passes away within the first 2-3 years due to a natural cause, the beneficiary will receive return of all premiums paid plus about 10% interest.  Most of these policies will pay out the full death benefit if the cause was due to an accident. After the insured lives beyond the graded period, 100% of death benefits are paid out regardless of the cause of death.  AIG, Gerber Life, Great Western, Colombian Life, United Home Life Equitable Life, and Kemper are all companies that offer Guaranteed Acceptance Life insurance policies.

Not all Companies Accept a Power of Attorney for Life Insurance with Dementia or Alzheimer’s

There are plenty of life insurance companies that will allow a Power of Attorney (POA) to sign on behalf of the applicant, but not if the applicant has Alzheimer’s, dementia or memory loss. I’ts a double edged sword because first you need to find a company that they can pass which almost always needs to be a “no health questions asked” guaranteed issue policy.  Great Western Life will accept a Power of Attorney.  Great Western has low premiums and 2 year graded period. It’s a great choice either way.

Should you buy Final Expense Life Insurance with Dementia or Alzheimer’s?

If you want to make sure that your funeral expenses aren’t left behind for your family to bear the burden, then life insurance is worth purchasing no matter how old you are. The idea is that you’ll have the full death benefit available in as little as two years. A $10,000 policy for a 70 year old woman with Alzheimer’s will cost about $70 per month. It would take over 14 years to just save $10,000 by saving $70 a month. This disease will eventually take part in causing death in less than 14 years.

There are so many expenses most of us don’t think of.  We forget about other expenses associated with dying like car payments, unpaid medical bills and the cost of maintaining a home until it’s sold.  It costs even more when you add attorney fees, airline tickets lost wages.

Coverage, policies and limitations vary among companies so it’s important to understand the terms of the insurance and purchase the one that suits you best. We’re hear to help.  Whether you are shopping for yourself or a family member with this condition, it’s important to look for a professional who is an independent agent to find the best coverage for your needs.

What is Alzheimer’s?

Alzheimer’s is a disease that progressively damages brain cells causing memory loss and deteriorates other significant brain functions. Individuals who suffer from this mental disease may at first experience minor confusion and difficulty remembering things. Since this disease causes damage to the brain cells, it comes with a great loss of social and intellectual skills, making it a leading cause of dementia.

You may be asking yourself “why does it matter when someone has Alzheimer’s trying to get life insurance?” If you aren’t familiar with the disease, you may not be aware that this progressive disease will eventually cause death. It will disable a person’s ability to swallow, effects balance and mobility, and impairs the body’s ability fight off infections and can cause aspiration.

As the disease progresses, the individual eventually won’t recognize their loved ones, places and simple information about their lives. The memory loss usually leads to high levels of frustration and dramatic behavioral changes. Alzheimer’s disease usually develops slowly but finally damaging nearly all the sections of an individual’s brain.

These are just a few things a healthy person would otherwise not have an issue with. As the brain cells die off, the body will cease to function accordingly. So you see Alzheimer’s itself won’t cause death, but it greatly increases the chance of death.






People with should expect to live between 8 to 10 years, but it’s possible to live another 20 years after the original diagnosis.  Medications can slow the progression of the disease, but there is no cure. Some have turned to a natural treatment like turmeric.

The Alzheimer’s Association estimates that slightly over 5 million individuals live with this condition in the US.  Approximately 5.3 million people age 65 and older suffer from this disease.  About 200,000 people under the age of 65 affected. The numbers of those living with this disease, however, continue to increase day by day. Currently, one person in US develops the Alzheimer’s condition in every 66 seconds.

If you notice any of the following signs in a family member

Get a Final Expense policy BEFORE you’re diagnosed or prescribed medication for Alzheimer’s or Dementia

Confusion and disorientation even when in similar settings
Weakening comprehension even with simple questions
Easily forgetting things and objects after seeing them
Misplacing items
Difficulty in talking and writing correct words
Irrelevant conversations
Social withdrawal and behavior or personality changes

Once you have been diagnosed by any medical practitioner, your life insurance options are more limited, but not impossible.  Call us at (614) 402-5160 and we’ll help you get the coverage you need.


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