What’s the best life insurance option if I have dementia or Alzheimer’s disease?
A good bet may be guaranteed issue life insurance, also called guaranteed acceptance. As the name suggests, acceptance is guaranteed as long as you meet the provider’s qualifications.
You often must be older than 40 to qualify for a guaranteed issue policy. You won’t be subject to a medical exam, though most guaranteed issue policies are limited compared with other types of plans, and you’ll likely find eligibility for a lower amount of coverage.
Applying for a life insurance policy often involves confronting invasive questions about your physical and mental health and your experience with dementia or Alzheimer’s.
The process can stir up fear, worry and other unexpected feelings. Consider leaning on your loved ones if you need support when dealing with questions about your health and confirming any details your insurer asks for.