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The Open Care Senior Plan advertisements seem like a great deal.
But when you read the fine print, you quickly learn that the prices they promote are unrealistic.
In this Open Care final expense plan review, you will learn who they are, if they’re trustworthy, how their plans work, actual cost, and if their coverage is worth buying.
Is The OpenCare Senior Plan Worth Buying?
The Open Care Senior plan isn’t a scam; it’s an actual insurance policy. However, it will not cost $7.49 monthly as they advertise. The truth is, the price will be significantly higher depending on your age, health, gender, and how much coverage you want.
It’s generally advisable to avoid doing business with companies that blatantly mislead consumers, as OpenCare does. If they start by deceiving you, what else will happen? Thankfully, dozens of other life insurance companies and agencies will be honest with you.
Who Is Open Care And Are They Legit?
Open Care Seniors is a licensed independent insurance agency based in Naples, Florida. Despite their misleading advertisements, they are a legitimate business duly authorized to sell insurance in most U.S. states.
OpenCareSeniors is not an insurance company. They are a broker that represents various funeral insurance companies.
Final expense life insurance is the primary product they sell. But they also sell term life insurance, accidental death, and healthcare products such as long-term care and Medicare-related products.
The Fine Print
The only fine print policyholders need to know about is the waiting period. Like Gerber Life, Open Care frequently and prominently advertises how your acceptance is guaranteed for people 85 and younger.
All life insurance companies that sell life insurance with no health questions have a waiting period. If you die during the waiting period, the insurer will refund your premiums plus a small amount of interest.
How Do Open Care Insurance Plans Work?
According to the Open Care website, they offer final expense 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 and builds cash value.
The payout from the policy is meant to cover funeral costs and other end-of-life expenses. Upon your death, the insurance provider will give your loved ones a tax-free cash payment, which can be spent on anything (not just funeral expenses).
They have two options to choose from:
- Guaranteed acceptance: You are not required to answer health questions. Everyone, regardless of health, is guaranteed approval.
- Simplified issue: No exam is required, but there are medical questions. Eligibility is based on your past and current health conditions.
The guaranteed issue plans have a waiting period of two years. The insurance company will not pay a death benefit during the waiting period. Instead, they will refund your premiums.
They run national TV commercials that claim you’re eligible for a coverage amount of 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, you might notice that $7.49 per month seems relatively low for a comprehensive plan.
Like the Colonial Penn $9.95 plan, you should not take those quotes 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.
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.
It’s similar to how insurance carriers often use “senior life insurance” to describe insurance products designed for seniors.
So when Open Care uses this phrase, they are simply referring to their final expense insurance plan.
Term life insurance
Open Care also has a term life insurance policy with coverage options of $25,000-$500,000 for adults aged 18-75.
This type of life insurance coverage will expire after 10, 20, or 30 years, unlike their funeral insurance plan.
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.
As a general rule, the cost of final expense coverage typically ranges from $50-$100 per month for a $10,000 whole life policy.
Below is a table taken from their website that shows the monthly cost of an $8,000 Open Care burial insurance policy.
Health issues such as COPD, diabetes, or other chronic conditions will likely make you ineligible for these prices.
| 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 or Assurance. Their insurance agents represent multiple funeral insurance companies on your behalf, which is excellent.
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, it’s completely unknown which other companies they represent.
Choice Mutual Can Help If You Need Final Expense Insurance
There isn’t anything negative about Open Care on the internet, so there is no reason to believe they are untrustworthy.
However, they should clarify which insurance companies they represent and which states they operate in.
When buying burial insurance coverage, you should compare offers from multiple providers to ensure you get the best deal for yourself and your family. It’s unknown if Open Care can do that.
If you want a second opinion, give Choice Mutual a chance to earn your business.
We’re an independent agency specializing in final expense insurance for seniors. We partner with over 15 companies to find you the lowest rates, and we have thousands of 5-star reviews online (see some sample reviews below).
Call us at 1-800-644-2926 to speak with a licensed agent, or use the quoting tool on this page to get started. Our quoting software will show you insurance quotes from nearly every provider in your state.
However, if after reading this Open Care life insurance review, you still want to explore what Open Care can do for you, their phone number is 321-222-9443.
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. The real question to consider is- do you want to do business with a company that advertises in such a deceptive manner?
Open Care claims their senior plan for final expenses costs $17-$252 monthly. All insurance rates are based on your age, health, state of residence, tobacco usage, and how much coverage you buy.
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 their premiums tend to be the lowest, and there is no waiting period. Also, their 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 their 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 are known to provide accurate information. You can learn more about our editorial standards, which guides 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/
- term life insurance policy. https://opencareseniors.com/term-rates/
- their website. https://opencareseniors.com/sample-rates-for-final-expense-senior-plans/
- application. https://opencareseniors.com/apply-online/#applyonline
- Trustpilot. https://www.trustpilot.com/review/choicemutual.com
