Top 7 Senior Open Care Final Expense Plans

Top 7 Senior Open Care Final Expense Plans

Open Care Senior is an independent life insurance company based in the heart of Florida. Among the policies of this company, Open Care final expense plans are the most popular. In addition, they also sell whole life, term life, cash value life, and health insurance policies. More explanations of the policies of this famous licensed life insurance company are available in this article.

Senior Open Care Final Expense Plans

Open care is an agency. They are not an insurance company. They are simply representing several insurance companies on your behalf. This is not a bad thing.

Senior Open Care Final Expense Plans

In fact, this is good because, hopefully, they represent multiple companies, which would allow them to freely compare offers from various vendors to find you the best deal.

Their TV commercials make no mention of the end spending companies they represent. Unfortunately, their website doesn’t provide much more information.

However, after doing some research, we have confirmed that Mutual of Omaha Senior Final Expense Insurance Plans is one of those plans that they sell.

Top 7 Options Open Care for Final Expense for Seniors

Open care Senior is a registered agency. They are not an insurance company. However, they are associated with all of the following top life insurance companies in the USA.

Sr NoCompanyCostWhy Chose It
1Mutual of Omaha$631. Policies issued up to 80 years, with renewal up to 95 years
2. Competitive rates
3. Variety of policies
2Banner$541. Low rates
2. Coverage up to 90 years
3Prudential$611. Living benefits up to 95% of the value
2. Policies issued after age 80
4State Farm$751. Speak to an agent for personalized help
2. Renewable up to 95 years
5Transamerica$901. Issue policies up to age 85
2. Variety of font types
6Haven Life$621. Supported by MassMutual
2. Easy online process
7Ladder$701. Easy online process
2. Change coverage later
Top Options for Final Expense for Seniors

Best Final Expense and Burial Insurance For Seniors

Funeral insurance for the elderly is generally an easy to qualify whole life policy. It provides quick cash payment typically within days to ensure your funeral costs don’t weigh on your family. Some companies have a 2-year waiting period, but many offer immediate coverage without a waiting period.

Elderly burial insurance is generally a whole life insurance policy with no exam required with lenient pricing. Seniors with health problems may still be eligible despite high risk illnesses.

The profits will be used to cover the costs of the funeral. Coverage typically ranges from $2,000 to $50,000, and premiums are typically $50 to $200 per month depending on gender, age, and coverage purchased.

AARP final Expense Insurance

AARP offers life insurance that provides affordable funeral and final-expense insurance plans for its members. When you need a good senior life insurance policy with the right benefits, the AARP Final Expense Insurance Plan can be your answer. AARP Insurance Company has designed an excellent senior final expense insurance plan that will provide your surviving family with invaluable financial peace of mind should you die unexpectedly.

Top 7 Senior Open Care Final Expense Plans
Top 7 Senior Open Care Final Expense Plans

Our future is unexpected and we have no control over it. Although we cannot predict it, we can protect ourselves from misfortunes. Therefore, a smart way to prepare for the future is to have an insurance plan. Although your financial situation is stable, you have the strength to face an unforeseen situation. AARP insurance products may be the right option for your situation. Let’s see the 3 options that AARP offers its senior members that cover final expenses:

  • Term life insurance
  • Permanent life insurance
  • Guaranteed life insurance

Open Care Senior Plan Rates

Sr NoPlansAgeMenWomen
1200050/60$10/$11$08/$13
2500050/60$20/$22$15/$27
3800050/60$28/$33$24/$42
41000050/60$35/$42$28/$52
51500050/60$50/$60$39/$75
62000050/60$65/$78$51/$99
72500050/60$82/$96$64/$124
83000050/60$96/$115$75/$146
94000050/60$127/$154$99/$195
105000050/60$158/$190$128/$242
Open Care Senior Plan Rates Chart

Who Needs Open Care Final Expense Plans?

We all need a final expense plan that reduces our families’ financial losses at the time of death. However, the elderly and those who are not in good health are the most in need of open care final expense plans.

At present, the average cost of a funeral can range from $9,500, this without taking into account the cost of transport, flowers or gravestone.

In general, we have all experienced the death of a partner or loved one. Thinking about this moment, we can remember how painful it can be. It can also become a much more distressing situation if you don’t have the resources to bid yourself a dignified farewell.

What does the Funeral Insurance Cover?

As we have mentioned, open care final expense insurance allows our family to cover the most common expenses of our death, such as:

  • Funeral services.
  • Coffin, tombstone, vault and flowers.
  • Burial or cremation.
  • Transport.
  • Debts and legal services.
  • Loans or mortgages.

Best Life Insurance Over 60

In the 60 to 65 age bracket, you can still purchase term life insurance policies from most insurance companies. In that case, we would recommend Haven Life if you are still eligible on their application date for those under 65. Their application process is the most smooth and their prices tend to be among the lowest.

Open Care Final Expense Plans Quotes
Open Care Final Expense Plans Quotes

Once you reach that 65th birthday, you will no longer be able to apply for insurance from some of the companies listed above, including Haven. Mutual of Omaha offers insurance applications up to the age of 74, and if you are in your early sixties and think you want to convert a term life insurance policy to a life insurance policy. whole, check out State Farm.

Best Life Insurance Over 70

As noted above, Mutual of Omaha invites new applicants for life insurance up to age 74, and North America allows some applicants up to age 75. t allow you to purchase life insurance. So check with these two companies if you are considering taking out a new policy.

If you have previously purchased a life insurance policy from a life insurance company that allows it, such as State Farm, you may be able to renew a term life insurance policy up to age 70. If you don’t have a renewal option with your current term policy, consider turning to one of the few companies, including Mutual of Omaha and North American, that allow new applicants after age 70. . expensive whole life insurance options, which may also have higher maximum ages for applicants.

What is the Best Life Insurance Over 80?

Life insurance companies will not allow you to apply for new life insurance coverage at age 80, except for potentially funeral coverage. This can be a useful and affordable coverage option if you want to help your family meet these expenses when you die. But, again, if you’re in a business like State Farm, you may be able to renew an existing policy to extend until you’re 80. And North American even has a rider that extends your coverage to 120.

Related: What Is Funeral Insurance And Should You Buy It?

Ultimately, it’s essential to think about senior life insurance and your needs long before your 80th birthday. Your options for new fonts will get thinner and thinner after your 65th birthday and will be virtually nonexistent in the late 70s and beyond. But you can consider extending existing policies or adding endorsements to those policies to extend your coverage up to age 80 and even beyond if that suits your particular needs.

  • Top 7 Senior Open care Final Expense Plans.