Freedom Life Insurance Company of America Review [2023]
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.
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Tim Bain
Founder & Life Insurance Agent
Tim Bain is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Founder & Life Insurance Agent
UPDATED: Jun 12, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Jun 12, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- 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.
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.
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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.
| Age of Non-Smoker | Male Average Monthly Rates | Female 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 |
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 eligible 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.
Ready to compare quick life insurance quotes?
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
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.
Frequently Asked Questions
How can I determine the coverage offered by Freedom Life Insurance Company?
Freedom Life Insurance Company offers a single term life insurance plan called LifeProtector. It is available in 10-year increments and can be renewed until age 70. However, no add-ons or riders are available with this plan.
What are the costs associated with a term life policy from Freedom Life Insurance Company?
The cost of term life insurance with Freedom Life Insurance Company ranges from $10 to $50 per month in $5 increments. While specific costs for this company are not available, you can compare them with other providers to assess the competitiveness.
Where is Freedom Life Insurance available?
Freedom Life Insurance is not available in all 50 states. If you reside in Connecticut, Hawaii, Massachusetts, New Hampshire, New York, Rhode Island, Vermont, or Puerto Rico, you are not eligible for coverage.
How do I cancel my Freedom Life Insurance policy?
Cancelling a term life policy with Freedom Life Insurance is straightforward. You can simply stop making premium payments. There are no forms to fill out or cancellation fees. For assistance, you can contact customer service at 800-387-9027 or through their website or email.
What are the customer satisfaction and financial ratings for Freedom Life Insurance Company?
Freedom Life Insurance Company receives mixed ratings. While it offers simple policy choices, coverage until age 70, and an easy cancellation policy, it only provides one coverage option without any add-ons. Additionally, it is not available in all states. To ensure you get the best coverage at the best price, it’s advisable to compare quotes from various providers.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Tim Bain
Founder & Life Insurance Agent
Tim Bain is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Founder & Life Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
