Life Insurance Rates for People with Alzheimer’s

Life Insurance Rates for People with Alzheimer’s

We realize that if you are searching for life insurance rates for people with Alzheimer’s that there is definitely a problem in your life that needs solving. Sometimes you just want to see what the insurance rates are going to be without any hassle.

Receive an instant funeral insurance quote by completing the final expense form on this page. You will get multiple prices from companies in your state.

The rate charts below reflect different rates and ages for Whole life insurance for people with Alzheimer’s. You can get a very good idea of the guaranteed issue policy price for the amount you want based on your age.

men and women pay different rates for life insurance

It’s true. It’s a fact. Women will pay less than men for life insurance. That hardly seems fair. However, studies show that women, in general, outlive men by 5 years. Because guaranteed life insurance doesn’t take into account any health or lifestyle factors the only differing issues become age and gender.

One very important fact to understand is that the rates shown in the chart below are for Guaranteed issue life insurance.

If you or your loved one have been diagnosed with Alzheimer’s or dementia, the only life insurance plan that you will be offered is a guaranteed life insurance policy.

Guaranteed Issue Policy

With a guaranteed policy, the death benefit is paid after a 2-year waiting period. There is no company that will offer a shorter time frame if the diagnosis is Alzheimer’s or dementia. However, if the passing is from an accident then the full benefit will be paid.

Guaranteed Issue Life Insurance plans are issued with a two year graded death benefit limitation. If your death is due to natural causes in the first 2 years of the policy, your beneficiary will receive all of the premiums that have been paid to the carrier. Most guaranteed issue carriers will also pay an additional 10% interest on the premiums paid. A sound rate of return.

3 Examples Of How A Graded Policy Works

Example 1: John has recently been diagnosed with Alzheimer’s and purchases a guaranteed life insurance policy that has a $10,000 benefit. John begins making premium payments of $50 per month for the life insurance policy. He designates his wife as the sole beneficiary. Due to a stroke caused by Atrial Fibrillation (AFIB), John passes away after 1 year.

  • John has made 12 payments of $50 for a total of $600 in premium payments.
  • The carrier pays Johns wife $600 as well as 10% interest.

Example 2: John has been recently diagnosed with early onset dementia and purchases a guaranteed life insurance policy that has a $10,000 benefit. John begins making premium payments of $50 per month for the life insurance policy. He designates his wife as the sole beneficiary. After 1 year, John is involved in a highway accident and passes away from his injuries.

  • John has made 12 payments of $50 for a total of $600 in premium payments.
  • The carrier pays Johns wife $10,000 in a tax-free death benefit payment.

Example 3: After receiving the diagnosis of Alzheimer’s, John decides to purchase a guaranteed life insurance policy that has a $10,000 benefit. John begins making premium payments of $50 per month for the life insurance policy. He designates his wife as the sole beneficiary. Due to a stroke caused by Atrial Fibrillation (AFIB), John passes away after 2 years.

  • John has made 24 payments of $50 for a total of $1200 in premium payments.
  • The carrier pays Johns wife $10,000 in a tax-free death benefit payment.

John was smart enough to set up his payment plan with an auto withdraw feature so payment would never be missed!

Accidental Death

If you pass due to accidental death, your policy will pay the beneficiary the full face amount. If your policy was for $10,000 of final expense insurance and you died in an accident ( like a fall or crash ) within the first 2 years of the policy then your beneficiary would receive the full $10,000. benefit.

Life insurance benefits are usually paid to the beneficiary Tax-free! Guaranteed Issue Life benefits are no different in this regard.

After the graded death benefit limitation period ( 2 years ) your policy will pay out for any and all causes of death, including suicide.

Because we represent all the top insurance providers, we will ask you a few simple health questions to understand how we can help you find the best carrier with the best pricing available.

Perhaps there has not been an official diagnosis of Alzheimer’s. Maybe you or your loved one just seems forgetful these days. If that’s the case we may recommend an entirely different course of action. It’s private, fast and easy.

Top 3 Drugs Prescribed For Alzheimer’s

Typically, we will ask about drugs that may have been prescribed. No drug treatment exists to cure Alzheimer’s but some medications may help with easing the symptoms.

If these drugs have been prescribed for Alzheimer’s or dementia than we have a clear cut path to guaranteed life insurance plans.

drugs prescribed for Alzheimer's

You can follow these links below to find out more detail about the drugs and associated brand names.

The Guaranteed Issue Life Insurance Rate Charts For People With Alzheimer’s Disease

Alzheimer's Life Insurance Rates: Male

Alzheimer's Guaranteed Issue Whole Life Insurance
Age$5,000$10,000$15,000$20,000
50$26.96$51.92$76.89$101.85
51$27.36$52.73$78.09$103.45
52$27.82$53.63$79.45$108.75
53$28.22$54.44$80.66$114.96
54$28.68$55.36$82.04$120.36
55$29.45$56.90$84.35$125.17
56$30.27$58.55$86.82$128.77
57$31.00$60.01$89.01$131.97
58$31.65$61.31$90.96$134.77
59$32.10$62.21$92.31$136.78
60$32.58$63.17$93.75$138.18
61$34.77$67.54$100.31$148.39
62$36.97$71.94$106.92$157.99
63$39.08$76.16$113.24$167.2
64$41.10$80.21$119.31$176.01
65$43.08$84.15$125.23$184.61
66$44.81$87.63$130.44$192.22
67$46.33$90.66$134.98$198.83
68$47.75$93.49$139.24$205.03
69$48.99$95.98$142.96$210.43
70$50.09$98.18$146.27$215.24
71$54.59$107.17$159.75
$234.85
72$58.99$115.98$172.96$254.07
73$63.12$124.24$185.36$272.08
74$66.97$131.95$196.92$288.90
75$70.28$138.55$206.83$303.31
76$81.97$161.93$241.89$354.35
77$93.20$184.41$275.61$403.39
78$103.98$205.96$307.95$450.43
79$114.31$226.62$338.93$495.46
80$124.22$246.44$368.66$538.70
81$127.59$253.19$378.78$553.79
82$131.19$260.38$389.57$569.87

Alzheimer's Life Insurance Rates: Female

Alzheimer's Guaranteed Issue Whole Life Insurance
Age$5,000$10,000$15,000$20,000
50$18.92$35.83$52.74$73.93
51$19.34$36.68$54.02$79.33
52$20.00$37.99$55.98$83.93
53$20.97$39.93$58.9$88.14
54$21.84$41.67$61.51$91.94
55$22.62$43.23$63.85$95.34
56$23.49$44.98$66.47$99.15
57$24.17$46.34$68.50$102.15
58$24.86$47.72$70.58$105.15
59$25.50$49.00$72.50$107.95
60$26.01$50.02$74.03$110.15
61$27.52$53.04$78.56$116.76
62$28.90$55.80$82.90$122.76
63$30.09$58.19$86.28$127.97
64$31.00$60.01$89.01$131.97
65$31.78$61.57$91.35$135.37
66$33.40$64.79$96.19$142.38
67$34.73$67.45$100.18$148.19
68$35.96$69.91$103.87$153.59
69$37.16$72.32$107.47$158.79
70$38.26$74.52$110.78$163.6
71$41.93$81.85$121.77
$179.61
72$45.42$88.83$132.24$194.82
73$48.76$95.52$142.28$209.43
74$51.83$101.66$151.50$222.84
75$54.59$107.17$159.75$234.85
76$62.38$122.76$183.13$268.88
77$69.73$137.45$205.18$300.91
78$76.60$151.20$225.81$330.93
79$83.02$164.05$245.07$358.95
80$88.71$175.42$262.13$383.77
81$90.69$179.39$268.08$392.76
82$92.83$183.66$274.49$402.46

If you feel that we can help you with your planning, then please call us at 443-272-1684. We can help. You may also easily reach us by completing the quote form on this page, and we will reach out to contact you.

About Choice Senior Life

We’re a free, full service, state-appointed Life Insurance Agency that specializes in affordable Final Expense Coverage. We have access to a huge database of the top final expense insurance companies. Trusted ones you know like AIG, Royal Neighbors, and Mutual of Omaha. All of our companies have the most competitive prices, so you can rest easy knowing you’ll be getting the right policy at the lowest price.

final expense life insurance companies

We want to make sure you get the coverage that best suits your needs, not ours. Come start a conversation with us here and find out how we can help keep your family protected.

Receive an instant funeral insurance quote by completing the final expense form on this page. You will get multiple prices from companies in your state.