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Later life and dementia insurance

Cover to help with the costs of later life conditions like dementia, Alzheimer’s, and Parkinson's.

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In the UK, we’re living longer than ever before

  • By 2030, the average life expectancy is expected to reach 90 (Imperial College London, 2017)
  • Someone is diagnosed with dementia every three minutes
  • By 2025, there will be one million people suffering with dementia (alzheimers.org, 2019)
  • The average cost of care for someone with dementia is £100,000 (Alzheimer's Society, 2018).
Despite these figures, few insurers offer cover to help pay for it. That's why we created Later Life Options, to support with the financial impact of later life.

How does later life and dementia insurance work?

When you buy serious illness cover with us, you can add on a Later Life Option. When your serious illness cover plan ends, later life cover begins.

If you’re diagnosed with dementia, Alzheimer's, Parkinson’s, stroke or frailty, we’ll pay you a lump sum. The payment you’ll receive is based on the severity of your condition. This means you could get more money if your condition gets worse.

Your later life and dementia insurance options

Add either option to serious illness cover

  • Dementia and FrailCare Cover 

    Decorate image of Dementia and FrailCare Cover

    You can add this to serious illness cover at no extra cost.

    You’ll be covered for 50% of your serious illness cover plan amount.

    Maximum payout is £100,000.

  • Dementia and FrailCare Cover Plus

    Decorate image of Dementia and FrailCare Cover Plus

    You can add this to serious illness cover for an extra cost. This starts from £4 a month.

    You’ll be covered for the same amount as your serious illness cover plan.

    Maximum payout is £200,000.

Why choose our later life and dementia insurance?

✓ 5 Star rated cover
✓ A brand you can trust – last year, we paid out 99.5% of claims (Vitality Claims Report, 2019)
✓ Discounts and rewards for healthy living – save money on gym fees, activity trackers, sports shoes and more
✓ Access discounted care – we’ve partnered up with SuperCarers to give you 20% off the first £3,000 of ongoing care
✓ Funeral cover – if you also have term life insurance with us, we’ll pay up to £10,000 towards your funeral.
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Need advice?

Call us on 0161 974 2517. Our team are on hand to answer your queries. 

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Relevant guides and articles

  • Serious and critical illness cover

    Serious and critical illness cover pays out a lump sum if you’re diagnosed with a serious condition. The condition may not be life threatening, but it still impacts your life. 

  • Life insurance premiums

    How are life insurance premiums calculated? Here’s everything you need to know about premiums, how they’re calculated and things to consider. 

  • Life insurance and funeral planning

    Read our guide to life insurance and funeral cover, here. Learn about the policy options available, costs of a funeral and ways of paying for the ceremony.

Later life and dementia insurance FAQs

Dementia care can be up to 40% more expensive than standard social care. The typical cost for one person is £100,000 (Alzheimer's Society, 2018).

If you’re concerned about paying this, later life and dementia insurance could help.
Serious and critical Illness cover can help reduce the financial impact dementia can cause. You’ll receive a tax-free lump sum that can be used for anything, like treatment and household bills.
Yes, dementia is classed as a critical illness. 
Life insurance pays out to your loved ones when you pass away or are diagnosed with a terminal illness.

If you pass away due to dementia, your life insurance policy will pay out. If you’re diagnosed with dementia, your life insurance won’t pay out because it’s not classed as a terminal illness.

This is when critical or serious illness cover would pay out.