Open Care Seniors is an honest insurance agency that primarily sells final expense whole life insurance. However, the teaser rates on its commercials and website are very misleading and inaccurate for most seniors.
After investigating their website, we found that their primary insurance provider for the final expense policies seems to be Mutual of Omaha (there is no conclusive proof). If so, that is great because Mutual of Omaha is one of the nation’s best final expense insurance companies because they often have the lowest rates. However, it’s uncertain exactly which insurance companies they partner with.
While Open Care 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 so your loved ones aren’t financially burdened by your funeral costs, seek out a company you can trust to a high degree.
- 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.
- Highly 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 Open Care Seniors, 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, final expense plans, accidental death insurance, and healthcare products such as long-term care and Medicare-related products.
How Much Does Open Care Final Expense Insurance Cost?
Open Care claims their life insurance starts at $7.49 per month. However, that quote refers to $2,000 in coverage for a 50-year-old female in good health who is a non-smoker. They also provide a table of prices showing that $8,000 of final expense insurance will cost $17-$252 monthly.
What Are Real-Life Customers Saying About Open Care Seniors?
Open Care Seniors has absolutely no customer feedback online (neither good nor bad). They are not accredited by the Better Business Bureau, and websites like Google, Facebook, Trustpilot, Reddit, Quora, and Yelp have no consumer reports about the business.
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 insurance 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 policy types 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 the policyholder dies 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.” $7.49 per month seems very cheap, but just like the Colonial Penn $9.95 plan, you should not take that quote seriously.
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. Per 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 who does not smoke.
Remember that final expense prices depend on your date of birth, gender, health, and how much coverage you buy.
Open Care 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-$1,000,000 coverage options for adults aged 18-75. Unlike a whole life policy, 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).
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. However, neither their TV commercials nor their website mentions which final expense companies they represent.
That being said, the application on their website is for Mutual of Omaha’s final expense insurance. Other than Mutual of Omaha, the other companies they represent are entirely unknown.
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 Insurance Services can sell a new life policy to anyone 18-90. The homepage of their website has the following quote: “If you are currently between the ages 18 – 90, WE MAY HAVE COVERAGE WITH YOUR NAME ON IT”. Please note that only Open Care final expense plans are available for those above the age of 75. Their term life options have a maximum age limit of 75.
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 Life Insurance Company 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 a licensed agent. Eligibility depends on your health status.
- Nationally licensed life insurance agent with over 15 years of experience
- Personal annual production that puts him in the top .001% out of all life insurance agents in the nation.
Anthony Martin is a nationally licensed insurance expert with over 15 years of experience and has personally served over 10,000 clients with their life insurance needs. He frequently authors entrepreneurial and life insurance content for Forbes, Inc.com, Newsweek, Kiplinger, and Entreprenuer.com. Anthony has been consulted as an expert life insurance source for dozens of high-profile websites such as Forbes, Bankrate, Reuters, Fox Business, CNBC, Investopedia, Insurance.com, Yahoo Finance, and many more.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
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.
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Open Care Seniors. https://opencareseniors.com/contact/
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Open Care website. https://opencareseniors.com/
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Open Care final expense plans. https://opencareseniors.com/sample-rates-for-final-expense-senior-plans/
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TV commercials. https://www.ispot.tv/brands/n2x/open-care-insurance-services
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Their website. https://opencareseniors.com/final-expense-for-9-95-per-month-or-under-35-cents-per-day/
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Senior Care Plan. https://opencareseniors.com/senior-care-plans/
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their final expense insurance plan. https://opencareseniors.com/sample-rates-for-final-expense-senior-plans/
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their website. https://opencareseniors.com/sample-rates-for-final-expense-senior-plans/
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application. https://opencareseniors.com/apply-online/#applyonline
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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
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term life insurance policy. https://opencareseniors.com/term-rates/
