Open Care Final Expense Plans | Lifeease Health

Open care final expense plans are life insurance plans that cover end-of-life expenses. They are designed to provide funds for your family when you are gone forever. Having this final expense plans means a secure future and financial stability. Seniors can get maximum coverage with affordable rates with these plans.

Burial Insurance

Life insurance has many types and burial insurance is one of its types. Burial insurance is a whole life insurance. This means that it is designed to provide coverage for a lifetime. It pays for your burial services so that your family does not have to suffer in difficult times.

Burial insurance gives a death benefit to your loved ones. This death benefit ranges from $3000 to $25,000. You can buy this life insurance on your phone. It has an easy application process. It does not include any medical exam. However, you have to fill out a health-related questionnaire.

Burial insurance and funeral insurance are the same plan. You can also call burial insurance an end-of-life insurance. End-of-life insurance takes care of your final expenses. Although the death benefits of funeral insurance are small, it covers all final expenses.

Funeral insurance beneficiary

The beneficiary plays a vital role in spending the death benefits. In funeral insurance, you choose a beneficiary that receives the death benefits. He or she has the freedom to spend the money however they want.

There can be one or two beneficiaries in final expense insurance. These beneficiaries use the benefits to cover the costs of the final services. They can spend the remaining amount to cover debts, medical bills or other vital expenses.

Open Care Final Expense Insurance

Open care final expense insurance is an affordable senior life insurance plan. It offers final expense plans that cover end-to-life expenses. The rates are super low and the benefits are enough.

Additionally, these final expense plans are best for seniors. Seniors who are over 70 can apply for the plans. Those who are even over 80 can also apply.

Usually, seniors who are over 70 face challenges in finding the right insurance plan. Most of the insurance plans do not offer guaranteed acceptance. They are rejected because of their age and health status. But, it is not the same with open care final expense plans. It offers guaranteed acceptance.

Additionally, these expense plans are cheap, making them affordable for everyone. Adults who are 18 years old can apply for the plans. It can offer coverage from $5000 to $50,000. Pay the premiums every month and receive the maximum benefits. An applicant has to pay a $7.40 premium every month to get the death benefits.

Death benefits of open care final expense plans

It offer great death benefits. However, you should keep in mind that the death benefits are not fixed. The benefits depend on your age and health status.

If you are 50 years old and in good health then open care final expense plans will offer abundant death benefits. Also, if you are a non-smoker, it offers maximum coverage.

Understanding The Open Care Final Expense Plans

Open care final expense plans are affordable life insurance plans. They are low-cost and cover your final expenses. It pays for your burial and funeral services. This life insurance is best for seniors.

Seniors planning their end-of-life expenses can apply for the plans. It gives you and your family peace of mind. These plans help to remove the financial burden.

Moreover, it covers your outstanding debts. The beneficiary can cover your debts or mortgages with the money. This plan ensures the reduction of the emotional and financial strain that comes from your death. With final expense open care plans your family does not have to stress about final expenses.

However, applicants have to pay monthly premiums in final expense open care plans. When you pay the premiums only then you can receive the plan’s benefits.

Cost Of Open Care Final Expense Plans

Final expense plans open care are affordable. They are on everyone’s budget. Since the monthly premiums are low, anyone can buy the plan. However, remember that final expense open care plans have different premium rates.

The premium rate is not fixed. It depends on:

Age
Gender
Health status
Coverage level

Age

Premium rates depend on the age of the applicants. If the applicant is old he has to pay a higher premium. The premium rate gets higher with age. For instance, an individual aged 50 will have to pay a lower premium than a person aged 70.

Due to the age factor seniors face challenges finding a life insurance. And if they find a life insurance it does not offer guaranteed acceptance. However, open care final expense plans offer guaranteed acceptance. You get the coverage regardless of your age.

Older adults may have to pay higher premiums. But, they receive maximum death benefits as well.

Health status

Your health status also defines the cost of the open care plan. An individual with good health has to pay a low premium. But, if a person has serious health issues then he has to pay higher premiums. The insurance provider examines the health status of the applicant during the application process.

Moreover, if you are a smoker you have to pay the premium. Premium rates are lower for non-smokers.

Gender

Gender also plays a vital role in determining the premium rate. If you are a female the cost of the open care plan is low.

The cost of the open care plan is high for males because they have to pay higher premiums. The monthly premium rate is $7.49 for females. For males, it goes up to $10 per month.

Coverage level

Your coverage level also defines your premium rates. If you want great coverage, you have to pay higher premiums. But, if you want a small coverage, the monthly premium rates get low.

How Do Open Care Final Expense Plans Work?

Open care final expense plan is one of the best funeral insurances. It offers maximum death benefits. An insured can get up to $50,000 of death benefits. Also, it offers benefits for both old and young people. Both young and old people can apply for open care final expense plans.

Death benefits

The family or the beneficiary receives the death benefits after the insured dies. With this money, they can cover debts, medical bills and mortgages. It reduces the burden of final expenses for your family.

No medical exam

Anyone can apply for open care final expense plans. The application process does not need any medical exam. You will just have to answer a few questions. The working of the final expense open care plan is simple. An applicant has to pay the monthly premiums on time. Once the applicant pays the premiums, your insurance plan comes into effect.

Choose a beneficiary

An applicant has to choose a beneficiary. This beneficiary will receive the death benefits after the death of the insured. With this money, the beneficiary covers your burial and funeral expenses. The amount that comes from the open care final expense plans can also cover your hospital bills.

However, it is crucial to fill out the application form with accurate information. The insurer can reject your insurance claims if there are any mistakes found in the application form.

What Plans Does Open Care Final Expense Plan Offer?

Open care final expense plans offer burial and funeral plans. It aims to cover all the final expenses for seniors. It provides a senior care plan. This senior care plan provides $50,000 coverage.

In addition, it offers other life insurance plans such as term life insurance and guaranteed issues.

Term life insurance

Open care final expense plans offer term life insurance. It is a temporary life insurance policy. It has a specific period in term life insurance. The beneficiary gets the death benefits during this specific period.

Term life insurance may need a medical exam. This plan demands your health status, smoking status, medical reports and family history. Chances of getting declined are high in term life insurance. Besides, you pay premiums based on your health and age.

Additionally, term life insurance is low-cost. The monthly premiums are low and you do not have to pay the premiums for a lifetime. However, it does not have any cash value like permanent life insurance.

Guaranteed issue

The guaranteed issue is the second plan that the open care final expense plan offers. It is a permanent life insurance. This plan offers insurance for your lifetime. You do not have to take any medical exam for guaranteed issues. In addition, it gives guaranteed acceptance to its applicants regardless of age and health status.

If the applicants have a serious health problem, guaranteed issue accepts the application. However, the applicants have to pay higher premiums. Also, the death benefits are low when compared with the monthly premiums.

Open Care Final Expense Plans Benefits

It secures your family from a financial crisis. It covers all funeral and burial expenses. Moreover, it offers guaranteed acceptance to its applicants. You can get the options of term life or guaranteed issues in this final expense plan.

Let’s discuss the benefits of open care final expense plans in detail.

Guaranteed insurance

Open care final expense plans are guaranteed insurance plans. All the applicants get accepted once they apply. The chances of rejection are zero. It’s easy to qualify for final expense open care plans

No medical exam

An open care plan does not need you to take a medical exam. Without any medical exam, you are qualified for the plan. However, the application may include some questions. Answer those questions and you are good to go.

Permanent coverage

The final expense plan offers permanent coverage. They cover you for your lifetime. There is no specific time to receive the benefits. Additionally, most of the policies of the final expense plan have fixed premium rates.

Immediate coverage

You can get immediate coverage with final expense open care plans. The policy of open care final expense plans is effective once you pay the premium. Pay the premiums every month and receive immediate coverage.

Cash value

The cash benefit is another crucial benefit of open care final expense plans. It builds cash value. This cash value is guaranteed. You can access the cash value at any time. Also, you can pay your debts and other bills with this cash value.

Simple application process

The simple application process of open care final expense plans is another plus point. Seniors can easily apply with no confusion. In addition, it does not have any underwriting test. Open care plan accepts every applicant.

Static premiums

The premiums in open care final expense plans do not change. Most insurance plans increase or decrease the premium rates. Because of the unstable premiums, death benefits also change. But, in this plan, premiums are stable.

The stable premiums of an open care plan make the plan predictable. The death benefits are also predictable. Applicants do not have to worry about the rising premium costs.

Is Open Care Final Expense Plan Worth Buying?

Buying open care final expense plans is one of the best decisions you can make. It will be guaranteed offer acceptance regardless of your age and health status. The open care plan is best for seniors.

It provides coverage up to $50,000. This amount is enough to cover your funeral and burial services. Since Burial and funeral services are expensive, it can put financial pressure on your loved ones. It is vital to buy this plan to remove this pressure.

This final expense plan is actual life insurance plan. These plans are not a scam. They are guanine and designed to cover funeral and burial expenses. Open care plan is low-cost life insurance. Everyone can afford it. However, it is essential to pay premiums every month.

Furthermore, the premium rates can vary from insurer to insurer. Also, open care plans have many policies. Each policy has different premium rates. A policy like term life insurance has low premium rates. Whereas, guaranteed issue has higher premium rates. Overall, the final expense open care plan will financially secure your loved ones.

Top Senior Open Care Final Expense Plans

It aims to cover final expenses for seniors. These plans also cover your debts and medical bills. It gives you a peace of mind. In addition, your loved ones are not burdened with your final expenses.

Many providers in the insurance industry offer open care final expense plans. Let’s discuss some of the top providers of open care insurance.

Mutual of Omaha

Mutual of Omaha offers open care final expense plans for seniors. This insurance provider is one of the best companies in the United States. People aged 50 to 85 are eligible for this policy. The policies of Mutual of Omaha offer whole life insurance plans. You do not need a medical exam.

AIG

AIG is short for American International Group. It offers open care final expense plans. People aged 50 to 80 are eligible for these insurance policies. It offers coverage up to $25,000.

Global Life

Global Life is another insurance provider that offers whole life insurance plans. This company offers coverage up to $50,000. However, people aged 70 or below are eligible for it.

Transamerica

This insurance company offers whole life insurance policies. People aged 50 to 80 can get coverage up to $50,000. It does not need any medical exam.

United of Omaha

United of Omaha is another insurance company that provides open care final expense plans. People aged 45 to 85 can apply and get coverage up to $25,000.

Bottom Line

Final expense open care plans are the most affordable insurance plans. Their low cost makes it affordable for everyone. This final expense plan is for seniors. It covers end-of-life expenses. The financial burden on your loved ones is reduced when you have open care final expense plans. Buy an open care plan and secure your families tomorrow.