- They are a broker that can compare multiple companies on your behalf.
- Offers a variety of life insurance products to suit your needs.
- An online application to complete most of the process electronically.
- Very misleading prices on their website.
- Severe need for more transparency about the company, such as their license numbers, states they service, and company leadership.
- It’s unknown which insurance companies they represent exactly.
Who Is OpenCareSeniors, And Are They a Legitimate Company?
Open Care Seniors is an independent insurance agency based in Naples, Florida. Despite its misleading advertisements, it is a legitimate business duly authorized and licensed to sell insurance. Open Care is not an insurance company. Rather, it is a broker that represents various funeral insurance companies.
They sell various types of life insurance, accidental death insurance, and healthcare products such as long-term care and Medicare-related products.
How Do Open Care Insurance Plans Work?
According to the Open Care website, they primarily offer final expense life insurance, guaranteed acceptance whole life insurance, and term life insurance.
Final expense insurance
Open Care final expense plans for seniors are available for up to $50,000 in coverage, and no medical exam is required.
It’s a whole life insurance policy with a fixed premium and lifetime coverage that builds cash value.
They have two options to choose from:
- Guaranteed acceptance: You are not required to answer health questions. Everyone, regardless of health, is guaranteed approval. However, there is a two-year waiting period. The insurance company will only refund your premiums if you die during the first 24 months.
- Simplified issue: No exam is required, but there are medical questions. Eligibility is based on your past and current health conditions. If you’re approved, there is no waiting period.
OpenCare runs national TV commercials claiming you’re eligible for up to $30,000 in final expense coverage.
Their website highlights amazingly low prices, such as “rates start at $7.49 per month.” When you compare facts about life insurance, $7.49 per month seems very cheap.
You should not take those quotes seriously like the Colonial Penn $9.95 plan.
You should not in any way expect to pay $7.49 per month for coverage (or any price close to that) if you opt to buy an Open Care life insurance plan.
If you read the fine print, they disclaim that $7.49 monthly refers to a $2,000 death benefit for a 50-year-old female in good health.
The senior plan
The Open Care “Senior Care Plan” is just a marketing expression referring to their final expense insurance policies. It’s similar to how insurance companies often use “senior life insurance” to describe insurance products designed for seniors or “mortgage protection” to describe life insurance that pays off your mortgage balance.
Term life insurance
Open Care also offers a term life insurance policy with $25,000-$500,000 coverage options for adults aged 18-75. Unlike their funeral insurance policies, this type of life insurance coverage expires after 10, 20, or 30 years.
Please note that your age determines which term length you can qualify for. For example, a 60-year-old will not be eligible for a 30-year term.
Also, their term life plan has underwriting, so your health history determines your eligibility (there is no guaranteed acceptance term life).
How Much Do Open Care Life Insurance Plans Cost?
Per their website, $8,000 in coverage will cost $17-$252 per month. Your exact rate depends on your age, health, if you’re a non-smoker, and the amount of coverage you buy.
Generally, the cost of final expense coverage typically ranges from $50-$100 per month for a $10,000 whole life policy.
Below is a table from their website showing the monthly cost of an $8,000 Open Care burial insurance policy.
| AGE | Female Non Smoker | Male Non Smoker | Female Smoker | Male Smoker |
|---|---|---|---|---|
| 40 | $17 | $19 | $21 | $24 |
| 50 | $21 | $25 | $27 | $33 |
| 60 | $29 | $36 | $39 | $51 |
| 70 | $42 | $60 | $59 | $94 |
| 80 | $84 | $11 | $102 | $167 |
| 90 | $205 | $242 | $229 | $252 |
Which Insurance Companies Does Open Care Offer?
Open Care is an agency like Family First Life that represents multiple funeral insurance companies on your behalf. Their TV commercials do not mention which final expense companies they represent, nor does their website.
However, the application on their website is Mutual of Omaha’s final expense insurance. Other than Mutual of Omaha, the other companies they represent are entirely unknown.
Should You Buy Insurance From OpenCare?
While OpenCare is a real company licensed to sell insurance, there are too many red flags to risk buying coverage through them. The red flags include but are not limited to:
It’s unknown which companies they represent.
The prices on their website are deliberately misleading.
Where they are licensed is unknown.
There is virtually no direct feedback (good or bad) from their prior customers.
All of these issues render the risk too high. If you need burial insurance for seniors, seek out a company that you can trust to a high degree.
Frequently Asked Questions
Open Care is a legitimately licensed insurance agency authorized to sell insurance. Even though their advertisements are grossly misleading, there is no reason to suspect they are untrustworthy or a scam.
Open Care is a licensed insurance agency based in Florida. They are not an insurance company. Instead, they are a broker that sells insurance for various providers. Their website indicates they sell different life insurance products, such as final expense insurance, term life, and health insurance products. Their website does not reveal which insurance companies they partner with or which states they serve.
Final expense insurance is a type of whole life insurance meant to pay for your funeral expenses. It pays out an immediate cash benefit to your beneficiaries, so you can have peace of mind knowing your final costs won’t burden them. There are no restrictions on how the proceeds are spent, and they can keep every leftover funds.
Overall, Mutual of Omaha offers the best final expense policy because its premiums tend to be the lowest, and there is no waiting period. Also, its maximum coverage amount is $50,000, much higher than most other providers. To buy Mutual of Omaha’s policy with no medical exam or waiting period, you’ll need to speak with an authorized insurance agent to sell its products.
Choice Mutual often cites third-party websites to provide context and verification for specific claims made in our work. We only link to authoritative websites that provide accurate information. You can learn more about our editorial standards, which guide our mission of delivering factual and impartial content.
- Open Care Seniors. https://opencareseniors.com/contact/
- Open Care website. https://opencareseniors.com/
- Open Care final expense plans. https://opencareseniors.com/sample-rates-for-final-expense-senior-plans/
- TV commercials. https://www.ispot.tv/brands/n2x/open-care-insurance-services
- Their website. https://opencareseniors.com/final-expense-for-9-95-per-month-or-under-35-cents-per-day/
- Senior Care Plan. https://opencareseniors.com/senior-care-plans/
- their final expense insurance plan. https://opencareseniors.com/sample-rates-for-final-expense-senior-plans/
- their website. https://opencareseniors.com/sample-rates-for-final-expense-senior-plans/
- application. https://opencareseniors.com/apply-online/#applyonline
- Google. https://www.google.com/maps/place/OpenCare+Senior+Plan/@26.2044865,-81.8006792,15z/data=!4m2!3m1!1s0x0:0x50724596982054ac?sa=X&ved=1t:2428&ictx=111
