4 Ways To Save On Life Insurance With Dementia or Alzheimer’s
Posted in Final Expense Burial Insurance last updated on February 9, 2023
If you have been having a hard time finding burial insurance for yourself or a loved one with alzheimer’s or dementia, we are here to help.
The truth is the path forward is very simple, and there are plenty of companies that will still insure people with this condition.
In this article we are going to show you 5 ways to save on burial insurance with alzheimer’s or dementia.
If you just want quotes fast, fill out our quoter and select “Guaranteed” from the coverage type.
Table Of Contents
Types Of Final Expense Burial Life Insurance
There are many different types of coverage for burial insurance.
Some come with waiting periods, some are higher rates than others.
The fact is anyone with a type of dementia will only qualify for what’s called “guaranteed issue” coverage.
Guaranteed issue coverage is offered by many companies out there, and asks no health questions. However, all of these policies come with a two year waiting period. If the insured dies within those first two years, they would only pay out what you’ve paid in with 10% interest.
The good news is guaranteed issue policies are still very affordable, and we can compare your options between all of the guaranteed issue companies out there.
Medications
If you are taking medications for memory loss for borderline dementia, this will also count as dementia for insurance companies depending on what you’re taking.
While this is not an exhaustive list, these are some typical prescription medications that people take for memory loss.
If you are taking any of these medications you must go with a guaranteed issue carrier.
- Donepezil
- Aricept
- Cognex
- Exelon
- Razadyne
- Namenda
Best Guaranteed Issue Life Insurance Companies
There are quite a few companies out there that will insure someone with dementia, but a few stand out from the others in terms of price and reputation.
Below is not an exhaustive list, but will give you a good idea of the top companies to choose from.
Give us a call to go over all of your options to see which company is the best for you.
AIG
Gerber
Great Western
Mutual Of Omaha
Find The Best Burial Life Insurance Company
In the end, if you need burial insurance for yourself or someone else with dementia, it is just a matter of comparing prices between the above companies.
The key is to work with an independent agency that will actually compare all of your options.
Unfortunately, a lot of people buy policies from the first person they talk to. To make sure you get the best deal, you need someone who can offer many different companies to you, like Seniors Mutual.
To go over your options for yourself or a loved one that doesn’t have dementia, we can find the best priced policy in the industry for you, depending on your unique health conditions.
Fill out the quote form or give us a call to go over all of your options and get approved for a policy within minutes!
