Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

Full Bio →

Written by

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Aug 25, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

The Lowdown

  • Life insurance for people with Alzheimer’s is hard to find, and the rates are often very expensive
  • Guaranteed issue life insurance is an option that allows people with dementia to purchase a policy
  • Burial insurance and long term care insurance are options that people with dementia may be able to get

Finding life insurance when you have dementia can be difficult. Unfortunately, there aren’t many companies that offer life insurance for Alzheimer’s patients.

So, what life insurance options are available for people with dementia? And can people with dementia buy long term care insurance?

Keep reading to find out everything you need to know about all of the life insurance options available for people with Alzheimer’s and which life insurance company for Alzheimer’s patients is right for you.

Looking to buy life insurance for Alzheimer’s patients? Enter your ZIP code above to get free dementia life insurance quotes.

Can you get life insurance with dementia?

Most companies do not offer traditional term life insurance or whole life insurance options for people with dementia, and when policy options are available, they’re usually very limited.

However, individuals with dementia can qualify for guaranteed issue life insurance.

With guaranteed issue life insurance, you won’t need to take a medical exam, which makes it one of the best insurance options for dementia patients.

Compare Insurance Providers Rates to Save Up to 75%

 Secured with SHA-256 Encryption

How much are guaranteed issue life insurance rates for people with dementia?

Because people of all health statuses can qualify for guaranteed issue life insurance and you don’t need to take a medical exam to qualify, guaranteed issue life insurance rates are often very expensive.

Let’s take a look at how different factors can affect the cost of guaranteed issue life insurance.

Guaranteed Issue Life Insurance Rates
Age and GenderFor $5,000For $10,000For $15,000For $20,000For $25,000
60-Year-Old Male$35.07 $68.14$101.21$149.25$186.07
60-Year-Old Female$27.97 $53.93$79.90 $118.96$148.20
70-Year-Old Male$54.00 $106.00$158.00$232.60$290.25
70-Year-Old Female$41.21 $80.41 $119.62$176.74$220.43
80-Year-Old Male$104.16$206.32$308.48$415.67$519.08
80-Year-Old Female$95.77 $189.53$283.30$410.63$512.78
Get Your Rates Quote Now

Compare RatesStart Now →

Even though your rates won’t be affected by your health or lifestyle, they will be impacted by your age, sex, and coverage amount.

Males pay higher rates, and guaranteed issue life insurance gets increasingly more expensive the older you are.

How can I get lower life insurance rates and discounts with dementia?

Unfortunately, there are no life insurance discounts available for dementia patients, and life insurance rates for people with dementia are often very high.

However, you may be able to reduce the cost of a guaranteed issue life insurance policy.

Although guaranteed issue life insurance is generally expensive to buy, the rates are based on factors such as your age and sex rather than your health status. This means that the younger you are, the lower your rates will be.

If you are thinking of buying guaranteed issue life insurance, you should buy it sooner rather than later. Buying guaranteed issue life insurance at an earlier age can help you to get the lowest rates possible.

Can dementia patients buy long term care insurance or disability insurance?

Long term care insurance is a good way for people with dementia to be taken care of financially, especially if the individual’s dementia prevents them from working and they don’t have a steady source of income.

However, long term care will only cover dementia patients if dementia sets in after buying the policy. If you develop dementia during your coverage period, you will still be able to keep your coverage.

Long term care insurance is not available for individuals who have already been diagnosed with dementia.

Another option that can help dementia patients sustain themselves financially is disability insurance, which can replace some of the income for individuals who can’t work due to dementia.

Similar to long term care insurance, disability insurance cannot be purchased once you are diagnosed with dementia. You must purchase a policy before you develop dementia to get coverage.

Compare Insurance Providers Rates to Save Up to 75%

 Secured with SHA-256 Encryption

How long do you live after being diagnosed with Alzheimer’s?

The average life expectancy for someone with dementia can be anywhere from 4.5 years to 10 years after diagnosis.

Because of this, it may be worthwhile for dementia patients to consider burial insurance. With burial insurance, you can be sure that your loved ones will be able to cover the cost of your funeral more easily.

People with dementia may be able to qualify for burial insurance, but there is a two-year waiting period. If you were to die within that period, your beneficiaries would not receive a death benefit and your money would be refunded.

Fortunately, there are a variety of treatments that can help people with dementia to live longer, healthier lives, so the two-year waiting period will be easier if your dementia is well-managed.

Life Insurance for Dementia Patients: The Bottom Line

Finding life insurance for dementia patients isn’t easy, but guaranteed issue life insurance and burial insurance options are available.

You won’t need to take a medical exam to qualify for guaranteed issue life insurance and your rates won’t be impacted by your health status.

The only way to get long term care insurance is by purchasing the policy before being diagnosed with dementia.

However, if you already have long term care insurance and you develop dementia during your coverage period, you will still be able to keep your coverage.

Searching for affordable life insurance for Alzheimer’s patients? Enter your ZIP code to get free life insurance quotes for Alzheimer’s patients
from the best companies in your area.