Finding affordable, reliable life insurance becomes increasingly important as people age—especially for seniors who want to protect their families from financial burdens like funeral costs, medical bills, or unpaid debts. In recent years, Open Care Life Insurance has surged in popularity, raising questions such as What is Open Care insurance?, How much does it cost?, and is it really worth it?
This comprehensive guide breaks down everything you need to know—pricing, coverage, benefits, reviews, alternatives, and FAQs—so you can decide whether Open Care is the right choice for you or your loved ones. If you’re searching for affordable coverage without a medical exam, this article will answer every question you have.
What Is Open Care Life Insurance?
Open Care Life Insurance is a final expense and whole life insurance program primarily marketed to seniors looking for affordable coverage with lenient approval requirements. Its policies are designed to help families cover funeral expenses, outstanding medical bills, debts, or other end-of-life costs.
Unlike traditional policies, Open Care insurance requires no medical exam, making it accessible to older adults or those with health issues who may struggle to get approved elsewhere. It falls under the category of basic life insurance—simple, straightforward, and designed to meet essential financial needs.
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How Open Care Insurance Works
Open Care functions like other simplified and guaranteed issue life insurance programs, but with broader accessibility. Here’s how it typically works:
Policy Options Available
Open Care offers a mix of:
- Guaranteed issue life insurance (no health questions)
- Simplified issue life insurance (a few health questions)
- Basic whole life insurance
- Limited-term coverage options in some states
These policies are designed especially for seniors between the ages of 50–85 who want flexible, budget-friendly coverage.
Eligibility Requirements
Most Open Care policies approve applicants without:
- Medical exams
- Lab tests
- Doctor’s reports
This makes Open Care especially appealing to individuals with chronic conditions or those who have been denied by other insurers.
Open Care Life Insurance Cost in 2025
One of the biggest reasons people search for Open Care is affordability. But how much does Open Care cost? The average pricing varies depending on age, gender, health condition, and coverage amount.
How Much Does Open Care Cost?
Premiums typically start as low as $7–$15 per month for minimal coverage and can go up to $100+ per month for larger coverage amounts. The company promotes customizable monthly rates, making it simple for seniors to select plans that fit their budgets.
Cost by Age Group
Here’s a general idea of what monthly premiums may look like in 2025:
- Age 50–60: $15–$30 per month
- Age 60–70: $25–$45 per month
- Age 70–80: $40–$75 per month
- Age 80–85: $60–$100+ per month
(These are typical final expense insurance ranges and may vary.)
Factors That Impact Pricing
Premiums depend on:
- Age and gender
- Health status
- State of residence
- Coverage amount
- Tobacco use
- Policy type (guaranteed vs simplified issue)
Open Care Life Insurance Reviews: What People Are Saying in 2025
Consumer reviews help clarify how a life insurance company performs in real life. While Open Care promotes affordability and accessibility, reviews give a mixed but insightful picture.
Pros of Open Care Life Insurance
- No medical exam required: Ideal for seniors or those with chronic health issues who struggle to qualify for traditional life insurance. Approval is based on basic information, not medical tests.
- Fast approval process: Many applicants receive same-day approval, making it a convenient option for those who need coverage quickly.
- Affordable entry-level premiums: Plans can start as low as a few dollars per month, depending on age and coverage. This makes it accessible for fixed-income seniors.
- Lifetime coverage (whole life): Policies never expire as long as premiums are paid, offering lifelong peace of mind.
- Rates never increase: Premiums are locked in at the time of enrollment, preventing unexpected future increases.
- Builds cash value: Whole life plans gradually accumulate cash value that can be borrowed against in emergencies.
Cons of Open Care Insurance
- Age: The older you are, the higher the premium; seniors aged 75+ usually pay more than younger applicants.
Health condition: Even without exams, the health questionnaire (for simplified issues) can influence pricing. - Gender: Women often receive cheaper rates due to longer life expectancy.
- Coverage amount: Higher coverage = higher monthly premiums, especially for $25,000+ policies.
- Smoking status: Smokers may pay 40–60% more in some cases.
- Policy type:
Guaranteed issue: Costs more but guarantees approval.
Simplified issue: Cheaper but includes basic health questions.
Customer Feedback Highlights
Many seniors appreciate the simplicity and affordability. Others note the importance of reading policy details carefully to understand coverage limits and waiting periods.
Types of Open Care Insurance Policies
Open Care offers several types of life insurance products designed to meet different needs.
Guaranteed Issue Life Insurance
Best for:
- Seniors with severe health conditions
- Applicants who want guaranteed approval
No medical questions and no denials.
Simplified Issue Life Insurance
Best for:
- Seniors with moderate health issues
- Those wanting faster approval without exams
Requires a short health questionnaire.
Whole Life Insurance Option
Ideal for lifelong coverage. The policy’s cash value increases while premiums remain constant..
Term Life Option (Where Available)
Some customers may also access limited-term plans.
Open Care Insurance for Seniors
Seniors are the primary audience for Open Care insurance, and there’s a reason: policies are simple, affordable, and designed for end-of-life planning.
Why Seniors Prefer Open Care
- Easier approvals than traditional companies: Seniors with diabetes, heart problems, or past cancer diagnoses often get accepted.
- Predictable monthly budgeting: Fixed premiums help seniors on Social Security or pension income manage expenses.
- Coverage lasts for life: Peace of mind knowing their policy will never expire or decrease in value.
- Designed specifically for final expenses: No complicated investment components or hidden terms.
No Medical Exam Benefits
Open Care is especially helpful for people dealing with health issues such as diabetes, heart disease, kidney problems, or a history of cancer. It’s also a good option for those with mobility limitations who may struggle to complete traditional medical exams.
What Coverage Typically Pays For
The coverage can help families pay for important end-of-life costs, including funerals, burials, and cremation services. It often also covers remaining medical bills, unpaid loans, or household expenses, and provides financial support for loved ones during a difficult time.
How Open Care Compares to Other Life Insurance Providers
Is Open Care better or worse than similar companies? Here’s how it stacks up.
Pricing Comparison
Open Care tends to offer lower starting rates, though some competitors offer higher coverage limits.
Coverage Comparison
Coverage amounts vary but usually fall between $5,000–$100,000.
Approval Requirements
Open Care is one of the most accessible options for seniors with medical issues.
Why Some Seniors Choose Open Care
- Easier approvals than traditional companies: Seniors with diabetes, heart problems, or past cancer diagnoses often get accepted.
- Predictable monthly budgeting: Fixed premiums help seniors on Social Security or pension income manage expenses.
- Coverage lasts for life: Peace of mind knowing their policy will never expire or decrease in value.
- Designed specifically for final expenses: No complicated investment components or hidden terms.
Open Care Life Insurance Coverage Amounts
Open Care offers multiple coverage ranges to suit different budgeting needs.
Low Coverage ($5,000–$15,000)
This range is typically enough to cover essential funeral costs such as cremation, burial, or memorial services. It’s ideal for seniors who want a budget-friendly plan that still handles basic end-of-life expenses.
Mid-Range Coverage ($25,000–$50,000)
This amount helps families pay for additional expenses like medical bills, debts, hospice care, or unpaid utilities. It’s a good fit for those who want broader financial protection beyond basic funeral fees.
Higher Coverage ($100,000 and Above)
These larger policies provide significant financial support for loved ones, covering long-term expenses or income replacement. They are best for individuals wanting to leave behind a meaningful legacy or support dependents.
Is Open Care Life Insurance Worth It?
For many seniors, yes, Open Care can be a good choice. But the value depends on what you need and what type of coverage you’re looking for.
Who Should Consider This Plan?
- Seniors Who Need Affordable, Easy Approval
Open Care is great for older adults who want simple approval without a medical exam or long health checks.
- People Planning for Funeral Costs
If your main goal is to cover burial or cremation expenses, Open Care’s lower-cost plans work well.
- Anyone Who Wants Lifelong Coverage
Since the policy lasts for life and premiums never change, it’s a good option for long-term peace of mind.
Who May Not Be a Good Fit?
- People Who Need Large Coverage Amounts
If you want more than $100,000 in coverage, Open Care might not offer enough protection.
- Those Looking for Investment-Based Policies
Open Care doesn’t include cash-building investment features like universal life insurance.
- Younger Adults Who Qualify for Cheap Term Life
People in their 20s, 30s, or 40s can usually get much cheaper rates from traditional term life companies.
Conclusion
Open Care Life Insurance is a solid option for seniors seeking simple, affordable coverage without medical exams or complicated underwriting. If your goal is to protect your family from financial hardship during final arrangements, Open Care may be an excellent fit. Evaluate your coverage needs, compare rates, and ensure the policy meets your long-term goals.
Frequently Asked Questions (FAQs)
- How much is a $10,000 life insurance policy?
For seniors, a $10,000 policy typically costs $20–$60 per month, depending on age and health.
- Is OpenCare a good life insurance company?
Open Care is more of a marketing group that connects people with insurers. Many customers find value, but it’s essential to review policy details before enrolling.
- How much does a $100,000 life insurance policy cost per month?
For seniors, $100,000 coverage may cost $60–$150+ per month, depending on age and health.
- What are the 4 types of life insurance?
The most common types of life insurance include term life, whole life, universal life, and final expense insurance, each offering different levels of coverage and benefits.
- What kind of insurance is Open Care?
Open Care focuses on whole life, guaranteed issue, and final expense insurance.
