Opencare Senior Plan Reviews 2024

Open care Senior Plan

We are here to share insights about Open Care Life Insurance through our research. If you’ve seen other reviews of Open Care Senior Plans and thought about costs, we’ve got you covered. Let’s get into the details!

To find the right final cost policy, we recommend contacting an independent insurance company like Insure Guardian. We specialize in providing high quality life insurance policies.

In this article, we’ll take a closer look at Open Care Senior Plans, to help you decide if they’re right for you. Remember, it’s always a good idea to explore options from different insurance companies, and our independent agents are here to help.

Our Open Care Senior Plan Review breaks down all available options, ensuring the plan is custom-designed to meet your loved one’s unique needs.

Stay tuned for our full review of Open Care Senior Plans.

Open care Senior Plan, Who are they

The Florida-based agency, Open Care Seniors, is a respectable and well known recognized independent insurance agency, focusing on offering final expense life coverage without the need for a medical exam.

Is Open Care agency legit?

It also offers term life insurance for those who need it, sudden death insurance and a new Medicare plan. These strategies help protect your finances from further life risks.

Open care sells three products under its senior plan that, include 

  • Term life insurance
  • Final expense insurance
  • Guaranteed issue life insurance

The policy provides coverage for the funeral and burial expenses of policyholders. Their plans are beneficial for individuals over the age of 60 but provide low monthly rates. The cost of their products varies based on the policy buyer’s age, location, and general health condition. Whatever insurance coverage plan suits your need, you should have the following information about each product.

Term life Insurance

  • The qualifying age is between 18-75 years old
  • Coverage ranges from $2000-$250,000
  • Medication history, medical questionnaire, and history required to qualify
  • 10 years, 20 years, and 30 years are available as Term coverage options 
  • You get the approval within 4-8 business days
  •  

Final Expense Insurance

  • The eligibility age for the policy lies between 18-85 years old
  • You’ll get coverage ranging from $2000-250,000
  • You need to fill out a health questionnaire to qualify
  • You’ll get the approval for the policy within 2-4 business days.

Guaranteed Issue Life Insurance

  • The eligibility age for the policy lies between 2-80 years old
  • You’ll get coverage ranging from $2000-$250,000 
  • There is no physical exam, blood tests, or health questionnaire to qualify
  • You’ll get the approval right away 

How Does Open Care Senior plan It Work ?

You get peace of mind when buying burial insurance for you. You can buy it from any insurance company with a regular process everywhere, but purchasing from an Open care senior plan provides an additional benefit. There is no medical exam to qualify for. Buying burial insurance coverage is like getting a stress-free life. It covers everything from headstones to urns for cremation ceremonies, so you don’t have to worry about your family getting the burden of paying for your final expenses.  

Unlike the term life insurance, with burial insurance, you should not worry about outliving your death benefits. You will get this idea from Open care senior plan review from multiple places. 

If you are buying an Open care senior plan, you get the following: 

No premium increase forever: Choosing a senior plan of Open care gives you relief from not buying another policy in any state. You purchase this policy once and for all. 

First-day coverage: You get full coverage as your policy starts, regardless of any health condition you have developed in your waiting period. Your coverage is not deducted even in case of severe health issues such as cancer or, god knows, accidental death.

Permanent protection: If you never miss paying your premiums and die in old age, no one can cancel your policy due to age or health factors.  

Cost of the Open care Senior Plan

One Care Seniors offers term life insurance policies with monthly prices as low as $6.96, $7.49 for final expenses, and $9 for guaranteed issues. Although rates appear to be a given, these projections are based on the traits of a candidate who poses little risk.

For instance, Open Care Seniors promotes that monthly costs for final expense plans can be as little as $7.49. However, a 50-year-old woman who doesn’t smoke and is in good health can purchase a $8,000 policy for a $7.49 monthly premium. It’s crucial to remember that several factors, including age, health, region, and more, will affect the rates for any life insurance policy.

When a policyholder purchases an Open Care Seniors senior plan, the monthly costs also rise the older they are and the larger the death benefit. The organization offers a website tool to enter your specific information and get an instant quote to find out how much your Open Care Seniors plan will cost.

Is Open care Senior Plan a Good Option

Open Care Senior plan may be a good choice if you are a senior adult seeking end-of-life insurance coverage. The assurance that your family and life insurance beneficiary will be cared for financially after your passing can be obtained by purchasing a senior life insurance policy.

Open care senior supplemental policies can help pay for various end-of-life costs if you want additional coverage. These policies may offer monetary coverage if long-term Care is required due to cancer, a serious illness, or other situations.

It’s crucial to remember that numerous businesses offer senior life insurance policies. To locate the exact coverage you need at a monthly cost affordable for you and your family, it is crucial to compare shops.

Open care Senior plan Pros and Cons 

Advantages:

Open-care burial insurance is a great alternative for senior citizens seeking a way to pay for their funerals and graves. When you select the Open Care Senior Plan, a certified funeral director will assist you and handle every detail, including the viewing and burial. You can select from various plans depending on how much money you want to cover funeral and burial costs. Numerous options are also available, such as cremation services, open-casket funerals, and caskets that can be customized with family photos and other keepsakes.

The cost of an open-casket funeral varies, whether it’s held at home, a funeral, or a chapel. However, the majority is between $5,000 and $10,000 per service (plus any additional costs). If no immediate family members can attend your funeral (or if they are too far away), you can also have an open-casket viewing before the service. It can assist in releasing any tension that could have developed over the past 30 years as you’ve struggled with the guilt and grief that came with your dying.

Downsides According to Open care Senior Plan Reviews

Even though Open Care Seniors senior plans do provide a variety of options for end-of-life coverage, there are always drawbacks to take into account before purchasing a policy:

An affordable monthly payment is not a given: Even though the advertised monthly charges on Open Care Senior’s website are modest, they cannot be relied upon. Based on youthful, non-smoking applicants in good health, the rates displayed.

There may be a delay: There is a two-year waiting time for most senior plans that Open Care Seniors offers. Your life insurance death benefit might not be paid out if you pass away before the waiting time is through.

Ideal for healthy people: Those between 50 and 75 who are in good health (often called “low risk”) may find that Open Care Seniors senior plans are the best option. People who don’t meet this requirement might have trouble qualifying or pay higher monthly rates.

Maximum death benefits are unclear: With Open Care Seniors, guaranteed issue insurance has a $25,000 maximum death benefit. Only a term life insurance policy with a two-year waiting period offers a possible payout of $500,000. A final expense plan, which might also have a waiting period, has a maximum death benefit of $250,000.

Open Care adult programs are based on your medical eligibility. 

The Open Care Final Expense Plan faces the insurance needs of seniors for end-of-life coverage. Unlike a regular Opencare plan, it does not provide instant coverage upon approval.

It’s a guaranteed issue plan, which means no health questions. While this is a whole life insurance policy, it is not among the best available. Known for its baby formula, Gerber Life offers a nice Guaranteed Issue (GI) plan.

Unlike plans with an added two-year waiting period before payments begin, during which death benefit premiums are paid-back, we generally recommend these plans for customers with major health issues such as heart disease, kidney disease, cancer and depression

If you do not have this health information, the two-year waiting list may not be the best fit for you. Instead, consider a tiered benefit living plan with stable premiums, such as Mutual of Omaha Living Promise. This will allow you to pay final expenses such as funerals when the time comes.

As a national insurance broker, we match you with the best carrier based on your personal information.

 

Concluding Remarks

The open care senior plan reviews show that choosing the best Open Care Senior plan for you and your loved ones is crucial. Depending on the policy chosen, One Care offers three primary alternatives for life insurance coverage with a maximum death benefit of $500,000.

A senior plan from Open Care Seniors can be extremely helpful to your family after your demise, regardless of how you live. Before making a choice, review all Open Care Senior’s senior plan options. Take your time to identify the plan that best satisfies your requirements.