Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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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: Jun 3, 2021

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The Brief

  • Alzheimer’s patients are considered high-risk by life insurance providers
  • Because of their high-risk status, Alzheimer’s patients only qualify for guaranteed life insurance in most cases
  • A guaranteed life insurance policy is one of the most expensive policies on the market

Are you looking for life insurance for Alzheimer’s patients? You may soon discover that there are very few options for those with this form of dementia.

Keep reading to learn more about dementia insurance coverage options, like no exam life insurance policies, and how you can be approved.

Do you want to start looking for life insurance for Alzheimer’s patients asap? Enter your ZIP code above, and we will help you jumpstart your search for the right provider.

Can someone with Alzheimer’s get life insurance?

Alzheimer’s is a devastating diagnosis for many individuals, and according to the CDC, it is the fifth leading cause of death for those over the age of 65.

While some may live for twenty years, Alzheimer’s is a variable disease and, in its most aggressive cases, can lead to death in as little as two years.

Because of statistics like these, life insurance providers are unlikely to offer a life insurance policy for an Alzheimer’s patient. This makes it difficult to buy life insurance for Alzheimer’s patients.

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What are the best life insurance options for Alzheimer’s patients?

The only life insurance policy that many with Alzheimer’s will be approved for is a guaranteed life insurance policy.

Guaranteed policies are a popular choice for those looking for life insurance over 80 with no medical exam.

However, even these policies will generally have an adjusted death benefit that only fully kicks in after a waiting period of anywhere from one to two years.

In addition, these policies also offer lower coverage than your average life insurance policy. If you or someone you love is looking for elderly care insurance after their Alzheimer’s or another dementia diagnosis,

Another form of elderly care insurance that may approve an Alzheimer’s patient would be a final expense or burial insurance.

These life insurance policies are likely to also come with a delayed death benefit if they are willing to approve the policy and will also come with lower coverage.

The last form of insurance that may be advantageous to those with a diagnosis like Alzheimer’s is nursing home insurance or long-term care insurance.

This type of insurance makes it easier to afford the cost of staying in a long-term care facility.

What is the most affordable life insurance for Alzheimer’s patients?

Unfortunately, because being diagnosed with Alzheimer’s makes you high-risk, life insurance rates for Alzheimer’s patients are always above average.

That being said, oftentimes, final expense and burial insurance, because they have lower coverage amounts, can offer more affordable life insurance quotes for Alzheimer’s patients.

However, these policies may not approve all Alzheimer’s patients, due to their high-risk status.

Here’s a look at the guaranteed life insurance quotes from Gerber Life insurance company and Mutual of Omaha to get an idea of the vast differences in pricing.

Keep in mind these quotes may be much cheaper than the actual rates someone with Alzheimer’s or dementia could see.

Gerber Life vs. Mutual of Omaha Average Monthly Guaranteed Life Insurance Rates by Policy
CoverageGerber Life Average Monthly RatesMutual of Omaha Average Monthly Rates
$5,000$21.50$25.99
$10,000$51.06$42.00
$15,000$76.13$62.50
$20,000$101.20$83.00
$25,000$126.27$103.50
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Now that you know more about life insurance for Alzheimer’s patients, why not start looking for affordable guaranteed life insurance quotes?

Enter your ZIP code below and we will help you find the right provider at the right price.