Life Insurance For People With Alzheimer’s
Life Insurance for people with Alzheimer’s disease seems improbable, however, it is not impossible. A guaranteed issue policy will be offered if you or someone you love has been diagnosed with Alzheimer’s or dementia.
Alzheimer’s disease is an irreversible, progressive disease of the brain that destroys the senior’s memories and the ability to think clearly. Consequently, in the late stage of the disease, dementia affects many if not all of the activities of daily living of the senior. The activities of daily living include:
Alzheimer’s and dementia are a heartbreaking reality for millions across the world. Most noteworthy, there are an estimated 6 million sufferers in the United Staes.
Medicine has advanced greatly since the first patient was diagnosed with Alzheimer’s disease. Yet, very little progress has been made at all in the treatments that are offered.
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 in your mid 80’s, then there is an even chance of you getting Alzheimer’s. Most noteworthy is that Alzheimer’s is always fatal.
Alzheimer’s is one of the top 10 causes of death in the world. And, it’s the only one we can not prevent or cure. It is not possible to stop the progression of the disease.
Is it any wonder at all why funeral insurance companies classify a dementia patient as a high-risk candidate. As a result of the diagnosis, it is not possible to get a fully underwritten preferred life insurance policy. Life insurance for people with Alzheimer’s is a challenge. Does it matter if it’s Alzheimer’s or Dementia?
Alzheimer’s or Dementia. Which One?
- Alzheimers’ disease is the most common form of dementia.
- Dementia is a non-reversible decline in mental capacity.
Dementia is a generic term that causes enough disorder to interfere with the activities of daily living. A cure has not been found. However, doctors have found evidence of plaques and tangles in the brain of patients suspected with Alzheimer’s. Typically, doctors will administer a series of mental tests and challenges to determine the level of memory impairment.
What to expect when applying for 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. As a result, during this difficult time, the benefits from this guaranteed issue whole life insurance can lend a helping hand.
Whole Life Insurance Coverage for People with Alzheimer’s
- 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