Funeral Insurance with Alzheimer's

Funeral Insurance with Alzheimer’s

The greatest risk of Alzheimer’s is aging, however it is not a normal part of aging. Because it is a progressive disease, funeral insurance with Alzheimer’s plans are limited to Guaranteed Issue. As a result of the Alzheimer’s diagnosis,  a guaranteed issue policy is going to be offered.  It may just come down to best price and above all, ease of issue.

Formed in 1980, the Alzheimer’s Association is the leading voluntary health organization in Alzheimer’s care, support and research.

Funeral Insurance with Alzheimer’s

In this article Choice Senior Life discusses the options for funeral insurance with Alzheimer’s disease.

  • Alzheimer’s’ Overview
  • Applying for insurance with Alzheimer’s
  • What to expect when applying for funeral  insurance with Alzheimer’s
  • Sample funeral insurance with Alzheimer’s rates
  • Preparing and Applying for Funeral Insurance

Preparing for Alzheimer’s

For the senior diagnosed with Alzheimer’s disease, qualifying and getting approved for traditional life insurance seems impossible. Choice Senior Life will get you approved for funeral insurance even if you have been diagnosed with Alzheimer’s or dementia. The funeral insurance policy with Alzheimer’s will be a guaranteed issue policy and you can not be turned down.

funeral insurance with alzheimer's brain

Alzheimer's Disease Overview

Alzheimer's is an irreversible progressive disease of the brain that destroys memories and the ability to think.

Getting Approved For Funeral Insurance With Alzheimers

Choice Senior Life will get you approved for funeral insurance even if you have been diagnosed with Alzheimer's or dementia

Funeral Insurance with Alzheimer's

What To Expect When Applying

It is not possible for seniors diagnosed with Alzheimer’s disease to get a fully underwritten preferred life insurance policy.

Alzheimer’s disease is an irreversible , progressive disease of the brain that destroys the seniors memories and the ability to think clearly. In the late stage of the dementia disease, Alzheimer’s affects many if not all of the activities of daily living of the senior. The activities of daily living include:

  • Bathing
  • Eating
  • Toileting
  • Walking
  • Dressing

It is not unusual to see someone with Alzheimer’s disease begin to have some difficulty with the activities of daily living. 

If you haven’t been officially diagnosed with Alzheimer’s and you have trouble with the activities of daily living, a level funeral policy probably will not be available to you.

One of the questions most funeral policy applications will ask concerns the activities of daily living.

Is the proposed insured currently:

Requiring assistance with activities of daily living such as taking medications, bathing, dressing, eating, toileting, getting in and out of a chair or bed, or control of bowel or bladder problems? 

Be sure to read the full article on activities of daily living. There are subtle differences between companies about how they view the activities of daily living. It is best to talk with an expert at Choice Senior Life to see how these differences may apply to you or your family members. Consequently, it may be possible to be qualified for a level or graded funeral policy.

Very Little Progress In the Treatment of Alzheimer’s

Alzheimer’s and dementia are a heart breaking reality for millions across the world. It is estimated that in the United States there are 6 million suffering from the disease.

Since 1901, when the first patient was diagnosed with Alzheimer’s medicine has advanced greatly. However, there has been little progress made at all in treating Alzheimer’s.

There is some hope on the horizon with potential development of new drugs that can help with the progression of Alzheimer’s disease. However, these prescribed drugs will appear in your medical report and consequently result in a denial for traditional life insurance.

For the senior diagnosed with Alzheimer’s disease qualifying and getting approved for traditional life insurance seems impossible. Choice Senior Life will get you approved for funeral insurance even if you have been diagnosed with Alzheimer’s or dementia. The funeral insurance policy with Alzheimer’s will be a guaranteed issue policy and you can not be turned down.

Guaranteed Issue Funeral Policies

Guaranteed issue funeral insurance policies, like all life insurance polices, pay cash to a surviving beneficiary. Most life insurance applications ask a lot of medical questions and also ask a lot of personal questions about your lifestyle. Life insurance companies usually will also require a medical exam before any insurance is issued. They only want to insure healthy people. Because they ar in business to make money for the company and the shareholders, Life insurance companies only want to insure healthy people ! You will pay premiums for a very long time and if it is a term policy, certainly, the policy will terminate. The policy holder ends up with nothing to show for all the premiums paid into the policy.

5 important things to know about guaranteed funeral insurance with alzheimer’s polices

  1. Guaranteed Issue funeral policies with Alzheimer’s are issued for smaller amounts: $2,000 and $50,000.
  2. There is almost always a 2 year waiting period before the policy will pay the full benefit.
  3. If you pass because of an accident during the first 2 years the policy will pay 100% of the benefit.
  4. Finally, the premiums are not lost. If you pass during the first 2 years because of illness, the premiums , plus interest, will be paid to the beneficiary.
  5. There is no medical exam and no medical questions are asked  Furthermore, there are no embarrassing questions asked.

Alzheimer’s is a disease and is always fatal

In most people, symptoms appear after the age of 60. The important thing to know is that if you live into your mid 80’s then there is an even chance of you getting Alzheimer’s. Most noteworthy, Alzheimer’s is always fatal.

Alzheimer’s is one of the top 10 causes of death in the world. And it’ the only one we can not prevent or cure. It is not possible to stop the progression of Alzheimer’s.

Is it any wonder at all why funeral insurance companies classify an Alzheimer’s patient as a high risk candidate. It is not possible for seniors diagnosed with Alzheimer’s disease to get a fully underwritten preferred life insurance policy.

Guaranteed Issue Funeral Insurance With Alzheimer’s

Guaranteed Issue Whole Life Insurance from American General Life Insurance Company is a simple and affordable life insurance policy designed to help cover expenses like medical bills, credit card debt or funeral costs, and can help protect your loved ones from future financial burdens.

With Guaranteed Issue Whole Life Insurance, if you’re age 50-85, you can’t be turned down for health reasons, and you can receive permanent life insurance without having to qualify for coverage based on your health. The benefits from this guaranteed issue whole life insurance can lend a helping hand for your loved ones during a difficult time.

Whole Life Insurance Coverage

  • Guaranteed Acceptance
  • No Medical Exam
  • Up to $25,000* in Coverage
  • Living Benefits are Included – at NO EXTRA COST

(Subject to state approval)

  • Chronic Illness
  • Terminal Illness
  • Guaranteed Level Premiums
  • Developed for Ages 50-85

Funeral Insurance With Alzheimer's Sample Quotes

Funeral Insurance with Alzheimer's Disease Ages 50 to 85

AgeFemale
$5,000
Male
$5,000
Female
$10,000
Male
$10,000
Female
$20,000
Male
$20,000
50$18$26$35$51$69$101
55$20$29$39$56$77$110
60$18$32$45$63$88$124
65$28$37$54$73$107$144
70$36$47$70$93$138184
75$48$63$95$124$189$246
80$68$88$135$175$268$348
85$103$150$202$298$406$595
No Medical Exam Required.
Easily Apply Online.
Guaranteed Issue
Guaranteed Issue Whole Life Insurance from American General Life Insurance Company is a simple and affordable life insurance policy designed to help cover expenses like medical bills, credit card debt or funeral costs, and can help protect your loved ones from future financial burdens.

With Guaranteed Issue Whole Life Insurance, if you're age 50-85, you can't be turned down for health reasons, and you can receive permanent life insurance without having to qualify for coverage based on your health. The benefits from this guaranteed issue whole life insurance can lend a helping hand for your loved ones during a difficult time.

Hassle-Free Whole life Insurance Coverage
Guaranteed Acceptance
No Medical Exam
Up to $25,000* in Coverage
Living Benefits are Included - at NO EXTRA COST
(Subject to state approval)
Chronic Illness
Terminal Illness
Guaranteed Level Premiums
Developed for Ages 50-85

* prices subject to change and are presented as sample quotes

PREPARING and Applying For Funeral Insurance with Alzheimer’s

A close friend of mine has Alzheimer’s disease. He started showing the symptoms about 10 years ago. He was officially diagnosed in 2010 and now he is really sickened by the disease. My friend needs help with getting dressed and doesn’t seem to really know where he is.

My friend is not the only one. There are 40 million people worldwide with this awful disease. Many go without the proper diagnosis. Just too old. Just forgetful. The fact is Alzheimer’s scares senior to death ! What is a senior to do? Seniors definitely seem to ignore the problem. But ignoring the problem won’t make it go away. 

Even though you can potentially minimize the effects of Alzheimer’s temporarily by eating right and exercising, there is no real protection from Alzheimer’s.

First Things First

Get in front of it. One of the reasons you may be here today is because you know someone or you yourself my be concerned about an Alzheimer’s diagnosis and consequently not be able to acquire funeral insurance at a reasonable rate.. But first things first. Have you actually had a diagnosis by a health professional of Alzheimer’s or dementia?

Here  is the medical question asked about Alzheimer’s and dementia on a typical funeral insurance application.

Has the proposed insured ever been:

Diagnosed with, been treated for or advised by a physician or health care provider to receive treatment for:
Alzheimer’s Disease, Dementia, Huntington’s Disease, Sickle Cell Anemia, Myelodysplastic Syndrome (MDS), Lou Gehrig’s Disease (ALS), Quadriplegia, Paraplegia, Down’s Syndrome, mental incapacity, congestive heart failure, Cirrhosis, Metastatic Cancer or recurrent Cancer of the same type?

If you were to answer YES to this question then you would not be eligible for a standard whole life policy. 

However, if you honestly answer NO to this question, then you may be eligible for a much more reasonable funeral insurance program. Maybe you have just become forgetful and fearful of the possibility of an Alzheimer’s diagnosis?

One of the reasons you always want to consult an expert at Choice Senior Life is that we know what questions to ask and how to ask them!

Take the full 2 minute assessment HERE to see if you qualify:

Children Applying On behalf of Their Parents

We get this question a lot. Can I buy life insurance for my parents?

The answer is yes of course, but you must show insurable interest.  In the case of funeral insurance, everyone has insurable interest in themselves as well as their spouses and dependents. In the case of children purchasing funeral insurance on a parent it is the fact that you would experience a financial loss and hardship due to their passing that would qualify you for insurable interest.

Buying the policy will require consent from your parents. Without them agreeing, you certainly would not have insurable interest.

If you have more questions about insurable interest and purchasing a funeral policy for your parents contact Choice Senior Life. We would be happy to help.

Let us help you secure a funeral insurance policy for your loved one that has been diagnosed with Alzheimer's. Funeral insurance for Alzheimer's patients can be arranged without a medical exam and no medical questions asked. Choice Senior Life is an expert at qualifying you for coverage, even if you or your parents have Alzheimer's.
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John Mooney
Managing Director