Mary wants to leave behind a Insurance by Heroes for her family and ensure her hard-earned savings aren’t exhausted by end-of-life expenses. She decides on an open care final expense plan that provides a lump sum payment to her beneficiary upon her death. She is able to find a policy that fits her budget and offers affordable premiums, even in the long term.

OpenCare runs national TV commercials and has positive reviews online, but it’s important to understand the company’s legitimacy and current rates before buying. Open Care Seniors is an independent life insurance agency that specializes in selling final expense whole life insurance without a medical exam. However, it’s unclear which final expense companies they represent.

OpenCare Life Insurance Guide: Coverage, Costs, and Benefits

Most final expense insurance policies are permanent policies with a set premium and lifelong coverage that builds cash value over time. They typically don’t require a medical exam, but the insurer will ask some health questions. In some cases, the insurer may offer a guaranteed issue option for people with serious health conditions.

Some people choose to buy a guaranteed issue policy because they know they have the best chance of getting coverage. However, these policies usually have a two-year waiting period for full coverage to begin. In addition, they tend to have higher premiums compared to other types of permanent policies. Getting a personalized quote from an independent agent is the best way to compare your options and determine the best policy for you.