Alzheimer’s disease is a progressive disease affecting the brain. If your doctor has diagnosed you or someone you love with this form of dementia, you will know how much of a devastating and life changing experience it can be.
Trying to find a life insurance provider that will give you the level of cover your circumstances require is often an unwanted task that can be tiresome and discouraging.
Special Risk Managers are experts in providing life insurance advice for people who have received this daunting diagnosis. When it comes to finding the right type of cover for our clients with Alzheimer’s disease, Special Risk Managers are the industry leaders.
Alzheimer’s Disease Insurance in Australia
Alzheimer’s disease is the most common cause of dementia – up to 70% of the 342,800 Australians currently suffering from dementia have Alzheimer’s disease.
Dementia is a type of long-term deterioration of brain function that results in memory loss, inhibited language skills, reduced reasoning and a host of behavioural and emotional problems.
Alzheimer’s disease is a type of dementia that presents itself in two forms: Sporadic Alzheimer’s disease and Familial Alzheimer’s disease.
The vast majority of sufferers have Sporadic Alzheimer’s disease – the form of the disease that typically affects people aged 65 and over (although people who have Down’s Syndrome may get Sporadic Alzheimer’s as early as 30 years old). Head injuries, high blood pressure and heart disease are all risk factors for getting this type of Alzheimer’s.
Familial Alzheimer’s disease is far rarer. It is inherited and has an early age of onset – meaning people of any age can be affected by this strain.
1.2 million Australians are already caring for someone who has been diagnosed with a form of dementia. Chances are, more than one person you know right now has Alzheimer’s disease, and the likelihood of this will only increase in the coming years.
As the Australian population ages, Alzheimer’s disease will continue to be increasingly prevalent. By 2050, it is predicted that almost one million Australians will have some form of dementia, and unless a cure is found, Alzheimer’s disease will continue to be its leading cause.
The Costs of Alzheimer’s Disease
There is no known cure for Alzheimer’s disease, and simply managing its symptoms involves a considerable amount of time, effort and money.
Because Alzheimer’s is a progressive disease that can be managed for many years before the sufferer passes away, the costs of long-term symptom treatment and care are high.
Sufferers and their families collectively spend millions of dollars every year looking after those with Alzheimer’s disease. As the condition progresses, the patient will become unable to work, and family members often have to employ a carer or take time off of work themselves to look after their loved one.
Alzheimer’s Disease Questionnaire
Getting Alzheimer’s Disease Insurance
Fortunately, there is a range of insurance products specifically designed to help Alzheimer’s sufferers and their families, allowing them to reclaim their comfort and peace of mind. At Special Risk Managers we can assist you in sourcing life insurance, trauma insurance, income protection insurance and total and permanent disability insurance.
It’s important to have the right life insurance policy in place if you or your loved one is diagnosed with Alzheimer’s disease. Life insurance pays out a lump sum to the beneficiaries of a policy when the policyholder passes away or is diagnosed with a terminal illness, helping ease the financial burden in the most difficult time.
Because the life insurance options for those who already have pre-existing medical conditions are limited, enlisting the help of Special Risk Managers will prove more useful than trying to find cover on your own.
We are Australia’s industry leaders when it comes to finding suitable life insurance cover for people with or affected by health issues such as Alzheimer’s disease.
Trauma insurance (also known as critical illness insurance) is designed to grant you and your family a one-off lump sum payment if you are diagnosed with one of a number of serious illnesses including Alzheimer’s disease.
Being eligible to claim on your trauma insurance is not contingent on your ability to work or not. Trauma insurance is paid when you or your dependent is diagnosed, so you can afford to seek treatment immediately without having to wait until the condition prohibits you from working.
With Special Risk Managers you can customise the level of trauma insurance cover you want, based on your unique needs and financial situation.
Income Protection Insurance
Chances are, if you or someone you love has already been diagnosed with Alzheimer’s disease, you’ll be struggling to find suitable income protection insurance on your own.
At Special Risk Managers, we help you locate the best income protection insurance products for your situation. We have a successful track record of obtaining income protection insurance for hundreds of our customers with pre-existing medical conditions.
Get in touch with us today for advice and assistance.
Total and Permanent Disability Insurance
Whether you’ve been diagnosed with Alzheimer’s disease, or you want to protect yourself should something happen that renders you unable to work in the future, total and permanent disability insurance (TPD insurance) can offer you the protection you need.
TPD insurance pays out a lump sum benefit, and can be purchased in addition to term life insurance or by itself as a stand-alone policy.
At Special Risk Managers we take the stress out of comparing insurance products. We’ll find a range of TPD insurance options that are available to you, and help you to choose which one works best for your circumstances. Even if you’re self-employed, are a full-time homemaker, or are already diagnosed with a partial disability, we can advise you on the cover options available to you.
It is important to note that obtaining any of these insurances while having advanced Alzheimer’s Disease can be incredibly difficult. However, we are able to utilise our experience to scour the market and see if there is an insurer that is appropriate for you and your needs.
Receive a Quote from Special Risk Managers Today!
Get in touch with Special Risk Managers’ insurance specialists today, to find out more about any of the types of insurance we offer.
Whether you are affected by Alzheimer’s disease or need advice about finding insurance for other health issues, we are committed to helping you. Our Testimonials and Customer Success Stories show our ability to find options for individuals with a broad array of needs.
Call us today on 1300 665 356, contact us via email at firstname.lastname@example.org or use our Contact Us page to ask us a question, and we will get back to you with the answers you need.