Opencare Final Expense Plan Cost
Did you see an opencare final expense insurance commercial and want to know details about your coverage and the company?
Senior Plan is a product that helps seniors secure their final expenses and was established by the Open Care insurance agency. The low contribution plan has premiums as low as $7.49 per month, and these are fixed for life.
The plan is appropriate for people who cannot find an affordable, guaranteed approval insurance policy for people ages 60-85 regardless of health conditions. Here we explore the open care senior plan final expenses, why you need it, and how to choose one.
In this Open Care senior plan review, you’ll learn who they are, if they’re reliable, how their plans work, their prices, and much more.
- 1 What are Open Care Final Expense Plans?
- 1.1 Open Care Company Overview
- 1.2 Open Care Final Expense Plan
- 1.3 Why do you need the Open Care Senior plan?
- 1.4 Open care final expense plans reviews
- 1.5 How much do Opencare Final Expense plans cost?
- 1.6 How does an OpenCare Senior plan work?
- 1.7 How Can Funeral Funds Help Me?
- 1.8 Is Term Life Affordable With Open Care Ssenior Plan?
- 1.9 Opencare premiums and costs
- 1.10 What do you mean by the “fine print”?
What are Open Care Final Expense Plans?
These are the final expense/funeral insurance plans provided by the “open care senior insurance” licensed company. They are the same final expansion policies offered by the other popular companies in the US In simple words, “Open Senior Care” is the name of the insurance company.
Open Care Company Overview
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 insurance commercial. They identify themselves as service providers of Open Care Insurance.
Open Care sells life insurance, final expense insurance, term life insurance, and Medicare plans.
Open Care Final Expense Plan
It is a form of a whole life insurance program. Help seniors pay for their medical and final expenses while giving them and their families peace of mind.
Your family may not be able to raise additional emergency funds to cover unexpected funeral expenses.
So open care final expense plan cost? In this case, you need a low contribution monthly insurance plan where you can pay up to $7.49 per month for insurance.
The main reason people opt for final expense plans is that when they buy the policy, the rates are fixed for life.
This way, the earlier you start, the more affordable and cheaper it is for you.
Why do you need the Open Care Senior plan?
This is one of the lowest-cost insurance plans that ensures your family will have no trouble paying your final expenses. With just a few dollars, as little as $7.49 per month, you can plan for your final expenses and have peace of mind that no one will have to struggle to pay these expenses out of pocket.
If you’re not eligible for traditional insurance coverages like term and life insurance for whatever reason, this is one of your best options. The cover is not only low cost but also has no expiration date. Some of the ideal candidates for this plan include people with no assets or savings, people with little or no income, and people over the age of 40. Seniors with chronic conditions are also perfect candidates for this plan.
Open care final expense plans reviews
This review of Open Care Seniors final expense plans helps you understand all the options available with a plan that fits the needs of your loved ones. No Medical Exam – Simple Application.
40-year-old male smoker 24 per month for life. 40-year-old male non-smoker 19 months for life. He requested an appointment through the Opencare platform on December 18, 2019.
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Acceptance is guaranteed – apply online today. The open care final expense plans for seniors have been appearing on television for a while now. This plan is temporary.
If you wait until age 60, though the premiums go up. See why millions trust our solid strength to invest in Financial Planning. Advertisement We help seniors pay for their funeral and end-of-life needs.
How much do Opencare Final Expense plans cost?
Below is a table (rates are from their website) that shows precisely how much Opencare’s burial insurance plans cost.
|Female Non Smoker||Male Non-Smoker||Female Smoker||Male Smoker|
They also have an online quoting tool to see prices for whatever age and face value you want.
How does an OpenCare Senior plan work?
In the announcement, Open Care final expense plans are described as “burial insurance.”
Burial insurance is essentially a simplified issue whole life insurance product designed to pay for burial costs. This means that an exam is not necessary. It is designed to provide:
Permanent protection. This means burial insurance cannot be canceled due to age or health. As long as you pay your premiums, you can’t outlive the coverage.
There are no premium increases ever. The best burial insurance is designed to never have premium increases at any age.
Full coverage on the first day. As long as you are medically eligible, burial insurance fully protects you from day one for both natural and accidental causes of death.
Burial insurance is a great option if you find yourself in a position where you need coverage to take care of things like your burial, cremation costs, or other final expenses.
How Can Funeral Funds Help Me?
If you want to buy burial insurance, funeral insurance, or final expense life insurance, trust an independent insurance agency like Funeral Funds to compare different life insurance companies and get you the best plan.
Trying to find a policy doesn’t have to be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and faster.
Is Term Life Affordable With Open Care Ssenior Plan?
First, we would never recommend term life insurance for final expense purposes. Term life ends. That’s why it’s cheaper. The life insurance company knows that it has a 90% chance of surviving the term. For example, let’s say you’re 55 years old and you purchased a $50,000 20-year term life insurance policy. When it ends, you are already 75 years old. At this point, you can’t extend the term, and good luck qualifying for permanent life insurance at that point. The Open Care term life insurance plan offers between $25,000 and $500,000 of protection without any blood or urine tests.
Opencare premiums and costs
Your premiums vary based on your gender, age, and health status at the time of application. For example, an $8,000 policy would cost the following rates:
- 40-year-old female non-smoker $17 per month for life
- 40-year-old female smoker $21 per month for life
- 40-year-old male non-smoker $19 per month for life
- 40-year-old male smoker $24 per month for life
Check out the best open care costs and quotes.
What do you mean by the “fine print”?
I have seen dozens of these life insurance ads on TV since I started the business in 2011.
Many of my clients refer to advertisements they have seen on television from companies like Colonial Penn, AARP, and Globe Life Insurance offering an Open Care senior plan.
Now, I always tell them to pay VERY close to the fine print on the screen, especially near the end of the ad.
You have to be careful when looking for it because it flashes on the screen for a few seconds before disappearing.
Let’s take a look at the fine print in this OpenCare senior plan TV commercial.