Best Life Insurance for Alzheimer’s Patients in 2025 (Compare the Top 10 Companies)
The best life insurance for Alzheimer's patients starts at $44/mo. With Erie's fixed monthly rate over time, Cigna's extensive dementia care, like terminal illness accelerated benefit rider, and AAA's exclusive member benefits for healthcare facilities, Alzheimer's patients can enjoy the security they deserve.
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
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UPDATED: Feb 21, 2025
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Feb 21, 2025
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 companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Company Facts
Full Coverage for Alzheimers Patients
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Full Coverage for Alzheimers Patients
A.M. Best Rating
Complaint Level
Pros & Cons
The best life insurance for Alzheimer’s patients is Erie, Cigna, and AAA insurance. With just a $44 monthly starting rate, Alzheimer’s patients can avail of the coverage for their security.
Erie is the top overall pick for its fixed rate since the policy purchase and quick admission. Cigna offers living benefits that Alzheimer’s patients can use their policy early for medical and care expenses. AAA provides member benefits for caregivers, such as discounts on healthcare facilities.
These best life insurance for Alzheimer’s patients ensure security and affordable rates. The table below shows the top 10 for a wide range of options that best suit the budget and needs.
Our Top 10 Company Picks: Best Life Insurance for Alzheimer's Patients
Insurance Company | Rank | Bundling Discount | A.M. Best | Best For | Jump to Pros/Cons |
---|---|---|---|---|---|
#1 | 20% | A+ | Regional Coverage | Erie | |
#2 | 10% | A | Dementia Care | Cigna | |
#3 | 10% | A | Caregiver Support | AAA | |
#4 | 8% | A- | Nationwide Network | Blue Cross Blue Shield | |
#5 | 7% | B+ | Long-Term Care | Humana | |
#6 | 25% | A | Flexible Policies | American Family | |
#7 | 5% | A- | Affordable Coverage | Colonial Penn | |
#8 | 12% | A- | Basic Coverage | Kemper | |
#9 | 10% | A++ | Veteran Support | USAA | |
#10 | 12% | A | Elderly Care | AIG |
Our life insurance guide will help you secure life insurance for Alzheimer’s patients and answer your questions about eligibility, available insurance products, and more.
When you’re ready to buy life insurance for Alzheimer’s patients, enter your ZIP code into our free quote tool above to receive rates immediately.
- Erie simplifies its application process with no exam required
- The guaranteed issue life policy ensures every Alzheimer’s patient a plan
- No exam requirement speeds up the application for fast approval
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#1 – Erie: Top Overall Pick
Pros
- Simplified Application Procedure: The underwriting procedure is not lengthy, and no medical exam is needed for Alzheimer’s patients to be accepted.
- Admission Despite Pre-Existing Condition: Erie insurance review ensures that Alzheimer’s patients get the security they need regardless of health diagnosis.
- Fixed Monthly Rates: Policyholders do not need to worry as Erie has a fixed rate over time.
Cons
- Waiting Periods: There are 2 to 3 years of waiting period, but if the policyholder passes during this time, the beneficiaries get a portion of the refund or payout.
- Lower Plan Coverage: The guaranteed issue policies restrict coverage amounts that may not be enough for Alzheimer’s patients’ financial needs.
#2 – Cigna: Best for Dementia Care
Pros
- Living Benefits: The Cigna insurance review highlights the accelerated death benefits, which allow the policyholder to access the funds early to cover their health expenses.
- Extensive Insurance for Dementia Care: Terminal illness accelerated benefit rider is designed to focus on and cover applicants with chronic diseases like Alzheimer’s.
- Guaranteed Acceptance: Issue no medical exam for life insurance with Alzheimer’s – making it accessible for Alzheimer’s patients.
Cons
- Strict Eligibility: The accelerated death benefits require a terminal diagnosis of 12 months or less life expectancy that may exclude those in the earlier stage.
- Higher Premium Rates: No medical exam policy tends to have pricier monthly premiums than the traditional plan.
#3 – AAA: Best for Caregiver Support
Pros
- End-of-Life Expense Coverage: AAA’s insurance review states that this program helps cover medical bills, funeral costs, and outstanding debts.
- Member Benefits for Caregivers: Policyholders and their families will have access to exclusive membership programs, such as discounts on healthcare-related services.
- No Medical Exam: This ensures Alzheimer’s patients have coverage to ease their financial struggle.
Cons
- Entire Benefits Waiting Period: The AAA guaranteed issue plan has a 2 to 3 years waiting period. When the policyholder passes away, only a partial payout is given.
- Pricier than Traditional Policies: Monthly costs are usually higher for policies that do not require a medical examination.
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#4 – BCBS: Best for Nationwide Network
Pros
- Extensive Nationwide Presence: The BCBS insurance review mentioned that it operates in 50 states and has broad support for Alzheimer’s patients.
- Integrated Health and Life Insurance Options: It offers plans alongside health coverage that help Alzheimer’s patients manage their financial security and medical care.
- Caregiver Assistance Program: Alzheimer’s patients can get care options and financial planning resources for their families.
Cons
- Complex Policy Structure: Its policies have complex terms and conditions that need extra effort to understand.
- Limited Life Insurance Availability: Life insurance offers vary from state to state, and some insurers offer fewer options.
#5 – Humana: Best for Long-Term Care
Pros
- Long-Term Care Riders: A Humana insurance review stated it allows Alzheimer’s patients to receive a portion of their death benefit early to pay for their care and medical expenses.
- Chronic Illness Coverage: Alzheimer’s patients can take advantage of accelerated benefits for their medical and caregiving bills.
- Strong Network of Healthcare Services: It has integrated life and health insurance, providing additional resources for patients and their families.
Cons
- Expensive Premiums: The plan with long-term care options is pricier than the usual monthly rates.
- Tight Eligibility Criteria: Some terms demand medical underwriting that may exclude Alzheimer’s patients in a later stage.
#6 – American Family: Best for Guaranteed Issue
Pros
- No Medical Exam or Health Questions: Alzheimer’s patients qualify for the guaranteed issue policy without a medical exam or health screenings.
- Guaranteed Acceptance: Applicants are approved for the company’s plan regardless of their pre-existing condition like Alzheimer’s.
- Affordable and Fixed Premium: There are no premium hikes throughout the plan’s duration. The American Family Insurance Review has more details on this policy.
Cons
- Restricted Payouts: The payouts for the guaranteed issue policy are limited and may not be enough to cover all the expenses of Alzheimer’s patients.
- Benefit Qualification Delay: American Family’s waiting time is 2 to 3 years like most insurers.
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#7 – Colonial Penn: Best for Affordable Coverage
Pros
- Locked-In Rates: Colonial Penn Insurance review promotes its fixed price once the policy is purchased for Alzheimer’s patients.
- Cash Value Accumulation: Some policies of Colonial Penn build cash value over time that policyholders may borrow.
- Unrestricted Enrollment: With no exam policy, Alzheimer’s patients can easily qualify for the necessary coverage.
Cons
- No Living Benefits: It does not offer accelerated death benefits, which are primarily available from other insurance providers.
- Two-Year Waiting Period: If a policyholder passes away during this period, their beneficiary gets a refund and interest on their premiums.
#8 – Kemper: Best for Basic Coverage
Pros
- Easy Application and Approval: Kemper insurance review explains its easy application process, which involves minimal paperwork and helps secure coverage faster.
- Reliable Payout for Final Expenses: Quick response on claims to cover the financial burden of the families.
- Fixed Premium for Life: Once they buy the policy, Alzheimer’s patients can enjoy stable premiums and payments over time.
Cons
- Limited Policy Customization: Kemper’s policies allow fewer riders and add-on benefits that are less flexible than competitors.
- Expensive-Than-Normal Applicant’s Rates: The no medical exam comes with higher premiums than the traditional life insurance.
#9 – USAA: Best for Veteran Support
Pros
- Long-Term Care: USAA insurance review features accelerated death benefits and long-term care riders, enabling Alzheimer’s patients to be used early for care and medical costs.
- Educational Resources Support: USAA offers specialized resources such as financial planning, career support, and access to VA benefits information.
- Guaranteed Acceptance Policy: USAA provides guaranteed acceptance coverage for veterans with Alzheimer’s who might not be eligible for regular life insurance.
Cons
- Limited Eligibility: USAA life insurance is limited and exclusive to active militaries, veterans, and their families.
- Limited Coverage for Advanced Alzheimer’s: Veterans with advanced Alzheimer’s may find it challenging to qualify for specific policies due to their stringent underwriting standards.
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#10 – AIG: Best for Elderly Care
Pros
- Available Guaranteed Issue Policies: AIG insurance review provides guaranteed acceptance of life insurance, ensuring Alzheimer’s patients obtain plans without a medical exam.
- Living Benefits for Chronic Illness: Policyholders receive a portion of their payout early to assist with Alzheimer’s care expenses.
- Guaranteed Issue Policies Available: AIG offers guaranteed acceptance life insurance, ensuring Alzheimer’s patients can get coverage without medical exams.
Cons
- Cash Value Loans: If the policyholder borrows from their policy’s cash value, the final payout is reduced if it is unpaid.
- Policy Availability: Few insurance options are offered in all states, limiting the access of the plan.
Best Life Insurance for Alzheimer’s Patients Monthly Rates
It can be difficult, but not impossible, to find the best life insurance for Alzheimer’s patients with reasonable monthly premiums. Certain insurance companies provide specialty plans that don’t require a medical examination, like guaranteed-issue life insurance.
When choosing life insurance for an Alzheimer’s patient, prioritize guaranteed acceptance policies with stable premiums, consider providers like Erie for competitive rates, and ensure the plan includes benefits that support long-term care needs.
Eric Stauffer Founder & Former Insurance Agent
Knowing your alternatives helps you obtain coverage that suits your requirements without breaking the bank. But here are the monthly rates of the top 10 life insurance companies for Alzheimer’s patients.
Alzheimer's Patients Life Insurance Monthly Rates by Provider & Coverage Level
Insurance Company | Minimum Coverage | Full Coverage |
---|---|---|
$50 | $90 | |
$53 | $93 | |
$48 | $88 | |
$55 | $95 | |
$52 | $92 | |
$60 | $100 | |
$47 | $87 | |
$58 | $98 | |
$49 | $89 | |
$44 | $84 |
USAA trumps the lowest premiums for life insurance for Alzheimer’s patients, but remember it is military-focused, so if you do not fall into this category, go for other companies with low rates, like Kemper, Erie, and American Family.
Kemper provides basic life insurance coverage at just $49 monthly rates for Alzheimer’s patients and ensures they get the desired and needed coverage for their health condition. If this amount is still out of your budget, check the discount options below to decrease your monthly premiums even more.
Life Insurance Discounts From the Top Providers for Alzheimer's Patients
Insurance Company | Available Discounts |
---|---|
Bundling, AutoPay, Healthy Lifestyle | |
Bundling, Non-Smoker, Healthy Lifestyle | |
Bundling, Healthy Lifestyle, Pay-in-Full | |
Bundling, AutoPay, Health & Wellness | |
Bundling, Healthy Lifestyle, Non-Smoker | |
Bundling, AutoPay, Group Discounts | |
Bundling, AutoPay, Paperless | |
Bundling, Health & Wellness, Non-Smoker | |
Bundling, AutoPay, Healthy Lifestyle | |
Bundling, Military Discounts, AutoPay |
One good saving option is to bundle your insurance with other insurance like home, auto, and health because you can have up to 25% off on your monthly rates.
Getting Life Insurance for Alzheimer’s Patients
Suppose it’s too late for you to secure long-term care or nursing home insurance feasibly. You can still purchase guaranteed issue life insurance policies or burial or final expense insurance, even after an Alzheimer’s diagnosis.
If you or a loved one has been diagnosed with Alzheimer’s disease, securing traditional whole or term life insurance policies will be nearly impossible.
Even the best insurance companies consider Alzheimer’s to be a pre-existing condition. Companies view the coverage of life insurance for dementia and Alzheimer’s coverage the same way.
Both diseases impact a person’s life expectancy. While treatments have advanced, there’s still no actual cure.
According to the Centers for Disease Control and Prevention (CDC), Alzheimer’s disease is the 6th leading cause of death in America.
Your employer’s group life insurance plan might cover you if you still work. But that coverage ends if you leave your job.
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Your best options for coverage are guaranteed issue life insurance or burial and final expense insurance.
See the table below for the average annual burial and final expense insurance rates with differing death benefits at the Baltimore Life Final Expense Insurance standard rate.
Life Insurance Monthly Rates Final Expense at the Standard Tier by Age, Gender, and Death Benefit
Age | $5,000 (Female) | $5,000 (Male) | $10,000 (Female) | $10,000 (Male) | $15,000 (Female) | $15,000 (Male) | $20,000 (Female) | $20,000 (Male) | $25,000 (Female) | $25,000 (Male) |
---|---|---|---|---|---|---|---|---|---|---|
40-Years-Old | $15 | $17 | $25 | $30 | $35 | $42 | $45 | $55 | $55 | $68 |
45-Years-Old | $16 | $18 | $26 | $32 | $38 | $44 | $47 | $58 | $57 | $70 |
50-Years-Old | $17 | $19 | $28 | $33 | $39 | $47 | $50 | $61 | $62 | $75 |
55-Years-Old | $19 | $23 | $32 | $40 | $46 | $57 | $59 | $74 | $73 | $91 |
60-Years-Old | $22 | $27 | $39 | $49 | $55 | $70 | $72 | $92 | $89 | $113 |
65-Years-Old | $27 | $33 | $48 | $60 | $69 | $88 | $90 | $115 | $111 | $143 |
70-Years-Old | $33 | $42 | $61 | $78 | $89 | $115 | $117 | $151 | $145 | $188 |
75-Years-Old | $43 | $55 | $81 | $104 | $119 | $154 | $157 | $203 | $194 | $253 |
80-Years-Old | $62 | $77 | $118 | $148 | $174 | $219 | $230 | $290 | $287 | $361 |
85-Years-Old | $75 | $92 | $140 | $175 | $209 | $262 | $280 | $350 | $345 | $430 |
Take the data with a grain of salt; life insurance quotes for Alzheimer’s patients may cost more than what is listed above.
Whatever your condition, don’t lie on your application about the state of your health.
It’s illegal to take out a life insurance policy on someone who doesn’t give consent.
Final Expense or Burial Insurance for Alzheimer’s Patients
Final expense and burial insurance is an excellent option for families dealing with Alzheimer’s disease. It is one of the only life insurance plans for those over 80 who do not have medical exam options.
Your beneficiary receives a small cash benefit to help cover funeral costs and other left-behind expenses.
You can purchase a guaranteed issue or a simplified issue policy. Simplified issue burial insurance requires you to answer some medical questions. (For more information, read our What is a simplified issue life insurance policy?“).
Companies that sell final expense insurance include:
- Baltimore Life Final Expense Insurance
- Liberty Bankers Life Final Expense Insurance
- Settlers Life Insurance
- Security National Life Insurance
- Prosperity Life Insurance and Final Expense
- Sagicor Life Final Expense Insurance
- United Home Life Insurance and Final Expense
- Burial Insurance: Understanding Insurance for Final Expenses
A waiting period may apply to final expense insurance. If you pass away before the waiting period ends, usually two or three years, your beneficiary doesn’t receive the death benefit.
Instead, the provider returns all of your premium payments to your beneficiary, usually with interest.
Guaranteed Issue Life Insurance for Alzheimer’s Patients
As the name implies, anyone can purchase guaranteed-issue life insurance, including Alzheimer’s patients.
However, expect high premiums for guaranteed issue life insurance rates for Alzheimer’s patients.
The death benefit, often limited, is usually $25,000 or less. The insured often needs to be at least 50 years old.
A waiting period also applies to this type of policy. Again, usually two or three years.
Read more: What is the life insurance waiting period?
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Case Studies: Life Insurance for Alzheimer’s Patients
Case Study 1: John’s Burial Insurance
John, a 68-year-old man diagnosed with Alzheimer’s disease, was concerned about the financial burden his funeral expenses would place on his family. He decided to buy life insurance for seniors with dementia to ensure that his final expenses would be covered.
Despite his pre-existing condition, John was able to secure a burial insurance policy with a death benefit of $15,000. The policy required a waiting period of two years before the full death benefit would be payable. John’s annual premium for the policy was $800.
Case Study 2: Mary’s Guaranteed Issue Life Insurance
Mary, a 55-year-old woman in the early stages of Alzheimer’s disease, wanted to provide some financial security for her family after her passing. She applied for guaranteed issue life insurance with dementia, which is available to individuals regardless of their health conditions. Mary was approved for a policy with a death benefit of $25,000.
The policy had a waiting period of three years, during which only a portion of the death benefit would be paid out in the event of her death. Mary’s annual premium for the policy was $1,200.
Case Study 3: Robert’s Employer-Provided Coverage
Robert, a 45-year-old man with early-onset Alzheimer’s disease, was fortunate to have employer-provided group life insurance coverage. The policy provided a death benefit of $100,000. As long as Robert remained employed, he was eligible for Alzheimer’s insurance coverage. However, if he were to leave his job, the coverage would end, and he would need to seek alternative life insurance options.
Life Insurance for Alzheimer’s Patients: The Bottom Line
You might struggle to find affordable life insurance for Alzheimer’s patients, but it’s not impossible. Two valid options include final expense or burial insurance and guaranteed issue life insurance.
If Alzheimer’s and dementia run in your family, don’t wait until you need coverage to purchase long-term care insurance, otherwise known as elderly care insurance.
Schimri Yoyo Licensed Agent & Financial Advisor
Apply when you’re still young and healthy to receive the best rates. Find the best life insurance company for Alzheimer’s patients near you by entering your ZIP code into our free tool below, and immediately receive life insurance quotes from reputable providers.
Frequently Asked Questions
Can you get life insurance if you have Alzheimer’s?
Yes, you can. Many life insurance companies are lenient with the application, requiring no medical examination and guaranteeing life insurance. Check insurers like Erie, AAA, Cigna, and Humana.
Which Alzheimer’s charity is best?
The best Alzheimer’s charity depends on your priorities:
- Alzheimer’s Association – Best overall for research, advocacy, and caregiver support (★★★★).
- Alzheimer’s Foundation of America (AFA) – Best for caregiver support and free memory screenings (★★★★).
- Cure Alzheimer’s Fund – Best for research, with 100% of donations funding scientific breakthroughs (★★★★).
- BrightFocus Foundation – Best for research grants targeting Alzheimer’s and vision diseases (★★★★).
- UsAgainstAlzheimer’s – Best for advocacy and policy change to accelerate a cure (★★★).
Is Alzheimer’s covered by insurance?
Yes. You can notify your insurance provider and seek advice on the coverage they offer for Alzheimer’s.
Does life insurance pay out for dementia?
Yes. Most life insurance policies pay for dementia, though the amount varies depending on the policy purchased; the company underwrites the policy based on your needs. Check your early quotes here by entering your ZIP code.
What is the life expectancy of someone with early-onset Alzheimer’s?
The life expectancy of someone with early-onset Alzheimer’s (before age 65) is typically 8 to 12 years after diagnosis, though some may live longer as it varies on overall health and care.
Will life insurance pay for dementia?
Yes, as long as your policy is specified for this health condition. There are early benefits, such as accessing your fund early to use it for healthcare and medical facilities. Also, given that there are death claims to secure the funeral cost, pending debts, hospital bills, and so on.
Can I insure against dementia?
Yes. Insuring yourself with life insurance against dementia is early protection, especially if it runs in your family. Getting life insurance later, though available, could indicate less coverage and higher premiums.
Is Alzheimer’s considered a disability?
Yes, Alzheimer’s is considered a disability under the Social Security Administration (SSA) and Americans with Disabilities Act (ADA), qualifying individuals for benefits like Social Security Disability Insurance (SSDI) and accommodations.
Is Alzheimer’s treatment expensive?
Yes, Alzheimer’s treatment is expensive, with costs ranging from $50,000 to $100,000+ per year, including medications, home care, and nursing facilities. Many families rely on Medicare, Medicaid, or long-term care insurance to help cover expenses.
What is the most effective Alzheimer’s treatment?
The most effective Alzheimer’s treatments currently include FDA-approved drugs like Leqembi (lecanemab) and Aduhelm (aducanumab), which help slow disease progression. Other therapies focus on symptom management, including cholinesterase inhibitors (Donepezil, Rivastigmine) and NMDA receptor antagonists (Memantine). Lifestyle changes and cognitive therapy can also help improve quality of life.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.