![]() Beneficiaries may use the death benefits for any purpose. You will receive only the benefit amount in the policy issued. Guaranteed acceptance whole life insurance is available to individuals between the ages of 45 and 85. Policies contain limitations, exclusions, termination, and terms for keeping them in force, Guaranteed issue whole life insurance policies provide for a limited graded death benefit or return of premium during the first two policy years (varies by product) after which the death benefit remains level. Benefits pricing and insurance companies vary by state. “Open Care Insurance is not an insurance company. Let’s take a look at the fine print you hardly see on your TV screen. A $2,000 face amount is not enough to cover your cremation costs.ĭo not be swayed by the Open Care commercial you see on TV because their guaranteed acceptance comes with a two-year waiting period. The pricing on their website that says their rate starts with $7.49 only applies for a 50-year-old female non-smoker female in good health looking to buy a $2,000 coverage. However, if they offer you their guaranteed issue plan, don’t take it because they are expensive. ![]() You are better if you qualify for their first-day coverage because their pricing is competitive. Open Care Seniors makes the most sense if you qualify for their first-day coverage plan, which can be challenging since they have very strict underwriting. When Does Open Care Burial Insurance Make The Most Sense? Open Care Seniors does not appear to offer any additional riders that provide additional benefits on their website. Lifetime coverage – the policy will never expire and will last a lifetime Level benefit – death benefit is fixed and will never decrease Level premium – the premium is locked in and will never increase You only need to answer a series of health questions Your insurance premium will depend on your gender, age, health, and the amount of coverage you want. You only need to answer a series of health questions, and your answer to the health questions will determine what plan you will qualify for. ![]() The final expense insurance plans they sell are simplified and do not require applicants to undergo a medical exam or submit urine and blood samples.
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