Open Care Life Insurance: Costs, Reviews, and Policy Options Explained

Last Updated on: September 4th, 2025

Reviewed by Kyle Wilson

Choosing the right life insurance policy can be overwhelming, especially with so many providers competing for attention. Among the companies frequently mentioned in senior life insurance conversations is Open Care Life Insurance. Known for marketing affordable final expense coverage and simplified senior life insurance policies, Open Care appeals to individuals looking for accessible protection without complicated underwriting.

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What Is Open Care Life Insurance?

Open Care Life Insurance is a national insurance agency that markets and sells life insurance policies, primarily targeting seniors who need final expense or burial insurance. Unlike a direct insurance carrier, Open Care typically works with multiple insurers and offers policies through partnerships.

Key Features:

  • Focus on seniors: Designed for people aged 50 and older.
  • Simplified issue policies: No medical exams required; approval is based on health questions.
  • Final expense coverage: Benefits are often marketed as “burial insurance” or “funeral insurance,” helping cover end-of-life costs.
  • Flexible premiums: Various monthly payment options depending on age, health, and coverage amount.

Is Open Care Life Insurance Legitimate?

A common question is: “Is Open Care Life Insurance legitimate?”

Yes, Open Care is a legitimate insurance agency. However, it is important to understand that Open Care itself is not an insurance carrier. Instead, it acts as a broker, connecting applicants with insurers that underwrite policies.

Points to Consider:

  • Open Care advertises heavily, especially to seniors, which sometimes creates confusion about its role as an agency.
  • Some consumer reviews report satisfaction with affordability and quick approval.
  • Other reviews raise complaints about aggressive marketing and limited transparency regarding which insurance carrier provides the policy.

When evaluating legitimacy, it is essential to request policy details directly from the insurer underwriting the coverage, not just the agency.

Open Care Life Insurance Costs and Rates

Open Care Life Insurance Cost Per Month

Open Care markets itself as affordable, but costs vary depending on:

  • Age: Older applicants generally pay higher monthly premiums.
  • Health condition: Policies are simplified issue, but health conditions may affect pricing.
  • Coverage amount: Final expense coverage often ranges from $5,000 to $50,000.

Average Monthly Cost Examples

  • $10,000 final expense policy for a healthy 60-year-old: $40 – $55 per month.
  • $10,000 policy for a 70-year-old: $60 – $90 per month.
  • $25,000 policy for seniors in average health: $120 – $180 per month.

Premiums are higher for applicants with pre-existing conditions, though guaranteed issue options may be available at additional cost.

Open Care Life Insurance Costs and Rates

Coverage Options Available Through Open Care

1. Final Expense Life Insurance

  • Designed to cover funeral costs, medical bills, or other end-of-life expenses.
  • Coverage typically ranges from $5,000 to $30,000.
  • Whole life structure: premiums remain level, and the policy lasts a lifetime.

2. Whole Life Insurance for Seniors

  • Builds cash value over time.
  • Premiums remain fixed for life.
  • Common coverage levels: $10,000, $15,000, $25,000, or $50,000.

3. Term Life Insurance (Limited Availability)

  • Some policies may be structured as term life, though Open Care primarily promotes whole life and final expense options.
Coverage Options Available Through Open Care

Understanding Cash Value in Open Care Policies

Whole life insurance policies marketed by Open Care often include a cash value component, though growth is limited compared to investment-focused insurance.

  • What is the cash value of a $25,000 whole life insurance policy?
    • Depends on the insurer, interest rates, and how long the policy has been active.
    • Typically, cash value grows slowly in early years and increases gradually over decades.
    • After several years, policyholders may borrow against the cash value or surrender the policy for a payout.

  • Can I withdraw money from my life insurance?
    • Policyholders may borrow or withdraw funds from accumulated cash value.
    • Loans reduce the death benefit until repaid.
    • Withdrawals may have tax implications if they exceed premiums paid.

Open Care Life Insurance Reviews

Positive Reviews

  • Affordable entry-level policies.
  • Simplified application with no medical exam.
  • Quick approval process, often within days.
  • Coverage available to seniors up to age 85 in some cases.

Negative Reviews

  • Complaints of misleading advertising, with some consumers expecting policies directly from Open Care rather than third-party insurers.
  • Some reports of higher-than-expected premiums once underwriting details are finali
  • Concerns about customer service and communication, especially regarding cancellation or claims.

Overall Consumer Sentiment

Reviews of Open Care Life Insurance are mixed. Many seniors appreciate the accessibility, but others prefer working directly with well-known insurance carriers for greater transparency.

Pros and Cons of Open Care Life Insurance

Pros

Cons

Easy approval with no medical exams.

Not an insurance carrier (broker role may confuse consumers).

Coverage available for seniors, even with health conditions

Limited transparency on which insurer underwrites policies.

Affordable final expense options compared to traditional whole life insurance.

Smaller coverage amounts compared to larger life insurance companies.

Level premiums that do not increase with age

Mixed consumer reviews with some complaints about sales practices

Conclusion

Open Care Life Insurance positions itself as a provider of affordable and accessible coverage for seniors seeking final expense and whole life insurance policies. While Open Care is a legitimate agency offering simplified options, prospective policyholders should carefully review the details of the insurer underwriting the coverage, not just the agency marketing it.

For seniors seeking a small policy to cover funeral costs, Open Care may provide a practical solution. However, individuals looking for higher coverage amounts, investment growth, or strong customer service may want to compare additional carriers before making a final decision.

By evaluating costs, understanding cash value, and reviewing consumer feedback, families can make a more informed choice about whether Open Care Life Insurance is the right fit for their needs.

FAQs

 Yes. Open Care is a licensed insurance agency that sells policies from partner insurers. It is not a scam, though consumers should confirm details directly with the insurer providing coverage.

 

 For seniors, a $10,000 Open Care policy typically costs $40 – $90 per month, depending on age and health.

 Cash value varies but generally accumulates slowly. After several years, it may be a few thousand dollars, depending on premiums paid and interest credited.

 

Yes. Whole life insurance policies build cash value, and policyholders can take loans or withdrawals. However, doing so reduces the death benefit and may trigger tax consequences.

 

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Senior Writer & Licensed Life Insurance Agent

Iqra is a dynamic and insightful senior writer with a passion for life insurance and financial planning. With over 8 years of hands-on experience in the insurance industry, Iqra has earned a reputation for delivering clear, actionable advice that empowers individuals to make informed decisions about their financial future. At Burial Senior Insurance, she not only excels as a licensed insurance agent but also as a trusted guide who has successfully advised over +1500 clients, helping them navigate the often complex world of life insurance and annuities. Her articles have been featured in top-tier financial publications, making her a respected voice in the industry.