Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jul 8, 2021

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Facts You Should Know

  • One of the best options for Alzheimer’s patients life insurance is a guaranteed acceptance insurance policy
  • Guaranteed acceptance insurance is likely to be more expensive than traditional life insurance policies and will have lower coverage amounts
  • Some alternatives to life insurance for Alzheimer’s patients include final expense and burial insurance as well as pre-diagnosis long-term care insurance

Unfortunately, many people wait until it is too late to prepare their finances and estate to protect their family after they pass. Alzheimer’s patients may struggle when applying for life insurance, but options do exist. However, Alzheimer’s patients life insurance rates may be higher than average.

Read more below about guaranteed issue life insurance and other alternatives for Alzheimer’s patients.

Before you begin reading, enter your ZIP code into our free quote comparison tool above to compare Alzheimer’s patients life insurance quotes.

Can you get life insurance for Alzheimer’s patients?

There are life insurance options available for Alzheimer’s patients, but they may be limited. Dementia insurance coverage and insurance for people with Alzheimer’s may include guaranteed issue life insurance. However, this is generally more expensive than other types of policies.

Alzheimer’s patients may have to pay more than people without Alzheimer’s, and they may be subject to a waiting period. Waiting periods may last around two years, and if the insured dies within that period, the insurance company will not pay the death benefit.

In addition, Alzheimer’s patients may not be able to get high coverage amounts. Guaranteed issue life insurance may offer coverage up to $25,000. Also, people over 80 years old are not likely able to buy Alzheimer’s patients life insurance.

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How much are Alzheimer’s patients life insurance rates?

Let’s start by taking a look at some sample rates for guaranteed acceptance insurance for males:

Average Monthly Rates for Guaranteed Acceptance Death Benefit Burial Insurance (Males)
Monthly Sample Rates for Males (Guaranteed Acceptance Benefit Plan)
Age$5,000 Coverage Limit Average Monthly Rates$10,000 Coverage Limit Average Monthly Rates$15,000 Coverage Limit Average Monthly Rates$20,000 Coverage Limit Average Monthly Rates$25,000 Coverage Limit Average Monthly Rates
50$22.50$44.09$65.68$87.27$108.86
55$29.43$56.90$84.35$114.95$143.46
60$32.40$63.17$93.75$126.87$158.36
65$43.04$84.15$125.23$169.40$211.52
70$50.05$98.18$146.27$197.45$246.59
75$70.22$138.55$206.83$278.12$347.42
80$114.67$225.00$335.32$445.65$616.92
85$118.75$233.16$347.56$461.97$865.38
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Now, let’s look at some sample rates for guaranteed acceptance insurance for females:

Average Monthly Rates for Guaranteed Acceptance Death Benefit Burial Insurance (Females)
Monthly Sample Rates for Females (Guaranteed Acceptance Benefit Plan)
Age$5,000 Coverage Limit Average Monthly Rates$10,000 Coverage Limit Average Monthly Rates$15,000 Coverage Limit Average Monthly Rates$20,000 Coverage Limit Average Monthly Rates$25,000 Coverage Limit Average Monthly Rates
50$17.69$34.47$51.24$68.02$84.79
55$22.60$43.23$63.85$87.63$109.31
60$25.99$50.02$74.03$101.20$126.27
65$31.76$61.57$91.35$124.30$155.15
70$38.23$74.52$110.78$150.15$187.46
75$54.54$107.17$159.75$215.42$269.04
80$85.67$167.00$248.32$329.64$439.55
85$100.53$199.06$297.59$437.18$545.98
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According to the Alzheimer’s Association, Alzheimer’s is considered a pre-existing condition, so your rates will be determined based on factors such as your age at diagnosis, your prognosis, and other health conditions.

Are there alternatives to Alzheimer’s patients life insurance?

Instead of a traditional life insurance policy, people with Alzheimer’s may qualify for final expense insurance or burial insurance that can be used to cover funeral costs and other expenses. However, these are similar to other guaranteed issue insurance policies.

Long-term care insurance for Alzheimer’s patients is typically not available as a new policy. You must have it in place before you are diagnosed with Alzheimer’s. If you have long-term care insurance, you may have to be deemed impaired to a certain extent before receiving benefits.

If you need help finding an affordable Alzheimer’s patients life insurance company, enter your ZIP code into our free quote comparison tool below.