Freedom Life Insurance Review [2021]

Freedom Life Insurance Company of America is a subsidiary of USHEALTH Group and only offers a term life policy that is good for 10 years at a time that can be renewed until age 70. Freedom Life Insurance costs for a term life policy start at $10 a month and go up to $50 a month in $5 increments. There are also no add-ons or riders available to keep Freedom Life policy offerings simple.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jan 6, 2021

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Quick Facts

  • Freedom Life Insurance only offers term life coverage.
  • The LifeProtector plan is good for 10 years and can be renewed until age 70.
  • Although Freedom Life’s financial ratings are good, its customer service ratings leave a lot to be desired.

Freedom Life Insurance Company of America is a subsidiary of USHEALTH Group and only offers term life insurance. The company has only one plan so if you are looking for complete coverage, this might not be for you.

However, if you are looking for a simple term life plan with no bells and whistles, this is worth looking into.

If you are looking for life insurance, it’s best to compare term life insurance quotes to find the best deal.

Enter your ZIP code to compare rates with your Freedom Life term life insurance quote.

What coverage is offered by Freedom Life Insurance Company?

Although there are several types of term life insurance, Freedom Life Insurance only offers one term life plan. Its one plan, LifeProtector, is set in 10-year increments and can be renewed until age 70. There are no add-ons or riders available.

Although Freedom Life Insurance Company doesn’t offer any additional coverages, USHEALTH Group offers a variety of medical, dental, and vision coverages.

What is the cost of a term life policy with Freedom Life Insurance Company?

Freedom Life term life insurance rates range from just $10, in $5 increments, up to $50 per month.

Although we don’t have costs from Freedom Life, we can give you a comparison to see how your quote stacks up.

This table shows you the average monthly cost of a 10-year term life insurance policy worth $100,000 from Transamerica. Compare these numbers with the quote you receive from Freedom Life.

Transamerica Average Monthly Term Life Insurance Rates for a 10-Year Term Life Policy for $100,000
Age of Non-SmokerMale Average Monthly RatesFemale Average Monthly Rates
25$11.27$9.89
30$10.06$9.72
35$11.09$10.66
40$13.33$12.47
45$15.65$14.02
50$20.21$17.46
55$30.10$25.89
60$42.66$36.98
65$71.29$59.94
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It’s important to note that you can’t get a quote on the Freedom Life website, and there’s no online information on what you get at each price point.

Where is Freedom Life Insurance available?

Freedom Life Insurance is not available in all 50 states. You are not eligble for coverage if you life in Connecticut, Hawaii, Massachusetts, New Hampshire, New York, Rhode Island, Vermont, or Puerto Rico.

How do you cancel your Freedom Life Insurance policy?

It’s very simple to cancel your term life policy with Freedom Life. You just stop paying. There don’t appear to be forms to fill out or cancellation fees.

If you need to cancel or contact customer service, you can do that Monday-Saturday by calling 800-387-9027. You can also contact customer service through the website or email.

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What are the customer satisfaction and financial ratings for Freedom Life Insurance Company?

Across the board, Freedom Life Insurance Company seems to fall in the “just okay” category.

Here are some specific ratings for the company:

  • The customer complaint ratio was 0.83, slightly better than the national standard complaint index of 1.0.
  • A.M. Best gives the company a financial rating score of A-, which is good but not as great as some of the bigger companies.
  • The Better Business Bureau rates USHEALTH Group at A+; however, Freedom Life is not accredited with BBB.

There are many pros and cons when it comes to Freedom Life Insurance Company.

The pros include simple policy choices, coverage is available until age 70, and the cancellation policy is easy.

Cons are that there is only one choice for coverage with no add-ons and it’s not available everywhere.

If you’re looking for term life insurance, shop around to get the best coverage at the cheapest price. Compare quotes with your affordable Freedom Life Insurance rates to see who has the best deal.

Now that you have information about Freedom Life Insurance, enter your ZIP code now to compare term life quotes.

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