Don't face Alzheimer's alone

The cost of care

Alzheimer's disease can take a toll on caregivers, with nearly 60% rating the emotional stress of caregiving as high or very high. However, the impact on caregivers doesn't stop there. Financially, being a caregiver for someone with Alzheimer's can be equally stressful.

Consider these facts about the cost of Alzheimer's care:

The risk of Alzheimer's: 1-in-9 Americans 65 and older
  • In 2016, Alzheimer's will cost the U.S. $236 billion.

  • Family caregivers spend more than $5,000 a year caring for someone with Alzheimer's.

  • In 2015, more than 15 million caregivers provided an estimated 18.1 billion hours of unpaid Alzheimer's care.

  • On average, care contributors lose over $15,000 in annual income as a result of reducing or quitting work to meet the demands of caregiving.

Alzheimer's Association, Alzheimer's Disease Facts and Figures, 2015, 2016.

Take steps today to protect your family tomorrow

Today, more than five million Americans have Alzheimer's disease. By 2050, this number could be as high as 16 million. Everyone is at risk for developing Alzheimer's, and being unprepared could have a financial impact on your family. Fortunately, you don't have to face Alzheimer's alone. Bankers Life® Critical Benefit PLUSSM, critical illness insurance, can provide a cash benefit of up to $70,000 to help cover the costs of Alzheimer's care.

Alzheimer's Association, 2016 Alzheimer's Disease Facts and Figures, 2016.

Focus on care, not costs, with help from Critical Benefit PLUSSM

Major medical insurance and Medicare may help cover most medical expenses. However, in the event of an Alzheimer's diagnosis, your share of the treatment costs may add up quickly. Critical Benefit PLUSSM is here to help protect you and your family from these out-of-pocket costs.

Key highlights of Critical Benefit PLUS:

  • Provides coverage for Alzheimer's (when unable to preform 2 of 6 ADLs) and seven other critical conditions1

  • Pays lump-sum benefits directly to you or someone you designate, not a doctor

  • Lump-sum can be used to help pay for insurance shortfalls, special expenses, living expenses and loss of income

1Coma, diabetic amputation, major organ transplant including heart, kidney, liver, lung and bone marrow (surgery and active waiting list), permanent blindness, permanent deafness, permanent paralysis.
Coverage for the conditions above is provided by the Critical Conditions Rider.

A long-term solution

Studies show that some people diagnosed with Alzheimer's disease can live as long as 20 years. A person with Alzheimer's will likely spend 40% of their years living with the disease in its most severe stage—and much of this time can be spent in a nursing home.1 Luckily, our long-term care insurance policy is here to help. The typical cost of nursing home care can be as high as $7,000 a month.2 Long-term care insurance offered through Bankers Life is here to help.

1Alzheimer's Association, 2016 Alzheimer's Disease Facts and Figures, 2016, p. 29.

2U.S. Department of Health and Human Services, Costs of Care, accessed August 2016.

Key highlights of long-term care insurance:

  • Helps you control where you receive care and how much is provided

  • Helps protect your life's savings from the high cost of services

  • Helps protect your family from the burdens associated with Alzheimer's nursing home care

Get a free, no-obligation quote from an agent near you.

Contact a Bankers Life agent today to learn more about the protection Critical Benefit PLUS and long-term care insurance can help provide in the event of an Alzheimer's diagnosis.

Need more help? Call us at (800) 621-3724

New York residents, call us at (800) 845-5512