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Check out "Greatcall". They offer an easy to use flip phone geared toward seniors. You can find the phone for $49.99 on Amazon which is about $25.00 cheaper than if you buy from Greatcall.
If you buy on Amazon just make sure the retailer is "Greatcall".
I agree with the other posters who advise you to save your money. I put my mom on my cellphone plan and she wasn't able to use it at all the last four years of her life, even though I kept paying because I was too busy doing other stuff to drop the extra line. Of course you realize that there is no new learning with Alzheimer's. I would suggest a medical alert system/necklace service such as medical alert, medical guardian, or life station.
If you really only want your loved one to have a cell phone, go to your local cell phone provider brick-and-mortar store and take Mom or Dad to try out the phones to see for yourself if they can actually use one. Walmart or Target might sell Jitterbug phones in the electronics department (or Costco?). I would definitely want to make sure Mom or Dad can really use it, though, before buying it and paying for the plan, which Really adds up over the months and years.
My mom had a Tracfone until March when I let her contract run out. She didn't understand how to use it, it was never charged and she never had it turned on, so I decided it wasn't worth $100 a year to keep it active. Granted; I moved in to her house in February so her need for an emergency phone is pretty low at the moment.
We've had all sorts of other phone (landline) adventures here though. Mom has two phones in her bedroom - a big button answering machine and a portable. There is a wall phone in the basement and when sister and I moved in I moved the 2nd portable phone from her studio (a building on the edge of the property) to the upstairs.
When we got here, Mom was answering EVERY call that came through and talking to EVERY telemarketer/scammer. In addition, she has a tendency to call her church and lament that there is no one at the house with her - total BS. Or she'll call my home phone while I'm standing right in front of her or have left the house for 5 minutes. My sister and I can only head off so many phone calls, so I set up caller id on her phone account and we turned all the ringers off the phone except for the one near our bedrooms which is on as low as it can go. Then, I ended up moving the answering machine from her bedside to upstairs and stacked jigsaw puzzles over and around it so she doesn't constantly turn it off. She hates lights that are on "for no reason" so every electronic device in the house that has a status light now has a piece of black electrical tape over it so she doesn't unplug the device. I replaced the answering machine in her bedroom with a cheap big button phone which I unplugged from the phone line because even it has a light on it that flashes when calls come through. She has a portable phone sitting right next to the cheap phone so if we need to make a quick call from the downstairs, we can. I check the caller id log every time I pass the phone so I know if someone important has called and can then check the answering machine to see if they left a message. She still makes some calls to her church, but they now know the situation and don't call my sister or I in a panic.
Long way to answer - if the cell phone never gets used due to confusion or no need - don't waste your money. It's pretty likely that in an emergency your LO won't be the one using the cell phone, it'll be helpers who are looking for people to call. Better to hide a phone list on your LO that hopefully won't get lost.