2024 Open Care Senior Plan Insurance Review
last updated on July 22, 2024This Open Care Senior Plan insurance review will examine OpenCare Seniors’ burial or final expense life insurance products.
We will examine the pros and cons of their final expense insurance products to help you make an informed decision.
After reading our Open Care life insurance review, you can decide if their burial insurance products are best for your insurance needs.
Table of Contents
Click any topic below to navigate to specific sections:
How It Works
Open Care Seniors sell three types of life insurance products:
- Term life insurance (not recommended)
- Final expense insurance
- Guaranteed issue life insurance
You must be between 18 and 85 to apply for Open Care Seniors insurance coverage.
You don’t need a medical exam to qualify for Open Care Seniors’ life insurance plans.
Your Open Care senior plan cost will depend on age, gender, face amount, and location.
Final Expense
Open Care Seniors whole life final expense plan offers first-day coverage, but they tend to be more expensive than other companies.
You will be covered from the first day if you qualify for their whole life plan. It means that once you are approved, the insurance company they sell will pay the full death benefit to your beneficiary when you pass away.
OpenCare Seniors ask health questions as part of their underwriting.
Open Care life insurance plans are whole life insurance that accumulates cash value.
Guaranteed Issue Life Insurance
Open Care Senior guaranteed issue life insurance policies have a 2-year waiting period. You can see it written on their TV commercial fine print.
A waiting period means the insurance company that underwrites Open Care Senior life insurance plans will not pay your beneficiary your 100% death benefit if you die from a non-accidental cause. They will only return all the premiums you paid plus interest, typically 7-10%.
Pros & Cons
PROS – Final Expense
- First-day coverage
- Lifetime coverage
- Builds cash value over time
- Online application available
- Less expensive than guaranteed issue
CONS – Final Expense
- You need to be healthy to qualify
- 4-year look back period on some health issues
- Expensive compared to other companies
PROS – Guaranteed Issue
- Lifetime coverage
- Accepts all health condition
- Online application available
- Builds cash value over time
- No health questions to answer
CONS – Guaranteed Issue
- Expensive
- Two-year waiting period
- Lower coverage amount
Policy Info
Open Care Seniors sell two types of final expense insurance products for people between 40 and 90 years old.
Final Expense Insurance
- Age Availability: 18-85
- Coverage Options: $2,000 – $50,000
- Coverage Starts: Effective on the first day, no waiting period
Guaranteed Issue Insurance
- Age Availability: 18-85
- Coverage Options: $2,000 – $25,000
- Coverage Starts: Two-year waiting period
Protection Details
SIMPLIFIED ISSUE – No medical exam. You only need to answer a series of health questions.
LEVEL PREMIUM – The premium is locked in and will never increase.
LEVEL BENEFIT – Death benefit is fixed and will never decrease.
LIFETIME COVERAGE – The policy will never expire and will last a lifetime.
Riders
Open Care Seniors does not appear to offer additional riders that provide additional benefits on their website.
Eligibility Info
Application Questions
Check all that apply:
1.a) Bedridden or confined to any hospital, nursing home, long-term care facility, or skilled nursing facility; or receiving or been advised to receive care in a nursing home, hospice care, or home health care?
1.b) Requiring assistance with activities of daily living such as taking medications, bathing, dressing, eating, toileting, getting in and out of a chair or bed, or control of bowel or bladder problems?
1.c) Requiring any of the following: wheelchair, electric scooter, or oxygen equipment to assist breathing?
1.d) None of the above.
Q2. Have you EVER been:
2.a) Diagnosed as having AIDS, HIV?
2.b) Diagnosed or treated: Alzheimer’s, Dementia, Huntington’s, Sickle Cell Anemia, Myelodysplastic Syndrome (MDS), Lou Gehrig’s Disease (ALS), Quadriplegia, Paraplegia, Down’s Syndrome, mental incapacity, congestive heart failure, Cirrhosis, Metastatic Cancer or recurrent Cancer of the same type?
2.c) Diagnosed with insulin shock, diabetic coma, or had an amputation due to diabetic complications or diagnosed with End-Stage Renal Disease or requiring dialysis?
2.d) Advised to receive or have received an organ or bone marrow transplant?
2.e) Diagnosed as having a terminal medical condition that is expected to result in death within the next twelve 12 months?
2.f) None of the above.
Q3. In the LAST 12 MONTHS, have you been:
3.a) Advised to have a surgical operation, testing, treatment, hospitalization, or other procedure which has not been done or for which results are not known?
3.b) Diagnosed with heart disease or heart surgery of any kind?
3.c) In the past 2 years, diagnosed or recommended treatment for any form of cancer (except basal or squamous cell skin cancer)?
3.d) None of the above.
Q4. Have you EVER received Care for or advised to seek treatment for:
4.a) Diabetes before age 50 or diabetes at any age with complications of Retinopathy (eye), Nephropathy (kidney), Neuropathy (nerve), or Peripheral Vascular Disease (PVD or PAD)?
4.b) Hepatitis C?
4.c) Chronic Lung Disease, including Chronic Obstructive Pulmonary Disease (COPD), Chronic Bronchitis, Emphysema, or Sarcoidosis?
4.d) None of the above.
Q5. In the LAST 4 YEARS, have you been diagnosed, treated, or advised to seek treatment for:
5.a) Cancer, Leukemia, Melanoma, or any other internal cancer? (answer NO if basal or squamous cell skin cancer)
5.b) Chronic Kidney Disease, Systemic Lupus or Scleroderma?
5.c) Bipolar Depression, Schizophrenia, Parkinson’s Disease, or Multiple Sclerosis?
5.d) None of the above.
Q6. In the LAST 2 YEARS, have you been treated or advised to seek treatment for:
6.a) Coronary Artery Disease, Heart Attack, Coronary Artery Bypass Surgery, Angioplasty, Cardiomyopathy, irregular heart rhythm, or Valvular Heart Disease with surgical repair or replacement?
6.b) Stroke or Transient Ischemic Attack (TIA)?
6.c) None of the above.
Q7. In the LAST 2 YEARS, have you:
7.a) Been convicted of or currently awaiting trial for a felony?
7.b) Been treated for or advised to have treatment for alcohol or drug abuse or convicted more than once of reckless driving or driving under the influence of drugs or alcohol?
7.c) Used unlawful drugs in any form or abused or misused prescription drugs?
7.d) Been hospitalized by a physician or health care provider for any mental or nervous disorder?
7.e) None of the above.
Q8. In the LAST 12 MONTHS, have you:
8.a) Consulted a physician for chronic cough, unexplained weight loss greater than 10 pounds, fatigue, or unexplained gastrointestinal bleeding?
8.b) None of the above.
Additional information needed:
- Primary physician information
- PHYSICIAN or CLINIC with most recent medical records
- Physician/clinic – phone number
- Physician/clinic – address
- Date last seen
- Reason for doctor visits
You must also provide a list of medications and the reasons for taking those medications.
Any YES answer on the health questionnaire will disqualify you from the first-day coverage plan. They will only offer you a guaranteed issue of burial insurance with a two-year waiting period and higher pricing.
Open Care Seniors first-day coverage plan has a four-year lookback period on cancer, kidney disease, Lupus, and bipolar disorder. Most insurance companies have a two-year look period on these conditions.
If you have current cancer or kidney disease, even a guaranteed issue plan with a two-year waiting period is better than an Open Care plan.
If you have Lupus or bipolar disorder, applying for coverage with a different company that will offer you first-day coverage is the way to go.
Other Health Issues
You can view our A-Z Health issue chart to see what health conditions qualify for first-day coverage with other companies at Funeral Funds of America.
Fine Print
The pricing on their website that says their rate starts at $7.49 only applies for a 50-year-old non-smoker female in good health looking to buy a $2,000 coverage. A $2,000 face amount is not enough to cover your cremation costs.
Do not be swayed by the Open Care commercial you see on TV because their guaranteed acceptance comes with a two-year waiting period.
Let’s review the fine print on the Open Care TV commercial:
“Open Care Insurance is not an insurance company. Benefits pricing and insurance companies vary by state. Policies contain limitations, exclusions, termination, and terms for keeping them in force, Guaranteed issue whole life insurance policies provide for a limited graded death benefit or return of premium during the first two policy years (varies by product) after which the death benefit remains level. Not available in all states. Guaranteed acceptance whole life insurance is available to individuals between the ages of 45 and 85. You will receive only the benefit amount in the policy issued. Beneficiaries may use the death benefits for any purpose. In order for the policy premiums and benefits to remain in effect, premiums must be paid on the rates and the coverage amount may depend upon your individual qualification. Your call will be connected with a licensed insurance agent with a third-party partner of Open Care Insurance who can offer you a guaranteed issue (final expense) life insurance plan from one or more contracted insurance carriers.”
Be sure to ask for a first-day coverage plan. Otherwise, you will likely be offered their guaranteed issue burial insurance which is expensive.
Application Process
Easy As 1-2-3
How we do it at Funeral Funds of America is we:
- Review all application questions to verify your eligibility
- Confirm the Insured, Payor, Policy Owner, and Beneficiaries
- Verify your payment method and monthly billing date
- Complete a phone interview where you will get an approval answer immediately
- Mail out your Insurance policy so you can keep it in a safe place
Short Phone Call
OpenCare Seniors has an easy application process; getting approved is about a 15-minute process over the phone.
Pricing Examples
| FEMALE AGE | $2,000 | $5,000 | $10,000 | $15,000 | $20,000 | $25,000 | $30.000 |
|---|---|---|---|---|---|---|---|
| 50 | $8.00 | $15.00 | $27.00 | $39.00 | $51.00 | $63.00 | $75.00 |
| 55 | $10.00 | $19.00 | $34.00 | $50.00 | $65.00 | $81.00 | $96.00 |
| 60 | $11.00 | $22.00 | $41.00 | $59.00 | $78.00 | $96.00 | $115.00 |
| 65 | $12.00 | $26.00 | $48.00 | $70.00 | $92.00 | $114.00 | $136.00 |
| 70 | $14.00 | $31.00 | $58.00 | $86.00 | $113.00 | $140.00 | $168.00 |
| 75 | $18.00 | $40.00 | $76.00 | $112.00 | $148.00 | $184.00 | $221.00 |
| 80 | $23.00 | $52.00 | $101.00 | $150.00 | $199.00 | $248.00 | $297.00 |
| MALE AGE | $2,000 | $5,000 | $10,000 | $15,000 | $20,000 | $25,000 | $30,000 |
|---|---|---|---|---|---|---|---|
| 50 | $10.00 | $19.00 | $34.00 | $50.00 | $65.00 | $81.00 | $96.00 |
| 55 | $12.00 | $24.00 | $44.00 | $64.00 | $85.00 | $105.00 | $125.00 |
| 60 | $13.00 | $27.00 | $51.00 | $75.00 | $99.00 | $123.00 | $146.00 |
| 65 | $14.00 | $31.00 | $58.00 | $86.00 | $113.00 | $140.00 | $168.00 |
| 70 | $17.00 | $38.00 | $73.00 | $108.00 | $143.00 | $178.00 | $212.00 |
| 75 | $23.00 | $52.00 | $101.00 | $150.00 | $199.00 | $248.00 | $297.00 |
| 80 | $31.00 | $72.00 | $140.00 | $209.00 | $277.00 | $345.00 | $414.00 |
*Pricing is for illustration purposes only and is subject to change without notice.
Company Overview
Operational History
OpenCare Seniors is not an insurance company. They are a national insurance brokerage based in Naples, Florida. You may have seen the Open Care senior plan commercial.
They identify themselves as Open Care Insurance service providers.
Open Care sells life insurance, final expense insurance, term life insurance, long-term care, and Medicare plans.
OpenCare Seniors
Address: 4755 9th Street,
North Naples,
Florida 34103
Website: https://opencareseniors.com
Customer Service: (321) 300-1446
Fax: (321) 222-9443
Email: opencareinsurance@opencareseniors.com
Before You Buy
If you need burial, cremation, final expense, or funeral insurance coverage and want to ensure you get the lowest premium possible, we can help you shop and compare companies, policies, and prices.
Just fill out our quote form on this page or call us at (888) 862-9456.
