![]() ![]() ![]() They claim that premiums are somewhere between $10 and $50 a month, in $5 increments. Products Offered by Freedom Life InsuranceĪs far as life insurance goes, Freedom Life insurance offers something they call LifeProtector, which is a ten-year term life insurance policy. Pros and Cons of Freedom Life Insurance.Customer Satisfaction Rating Of Freedom Life Insurance : 70/100.Financial Strength Rating of Freedom Life Insurance: 80/100.Customer Service Rating of Freedom Life Insurance: 10/100.Products Offered by Freedom Life Insurance: 20/100.01% of the market share or with ~$1.1M in direct premium of individual life insurance. Health Group, which is a broker of group health insurance plans.įreedom Life Insurance is pretty small, capturing only. They are located in Fort Worth, TX.įreedom Life insurance is a subsidiary of U.S. They’ve been serving customers for over fifty years. Now that you know more about Freedom Life Insurance Company, enter your ZIP code in the free comparison tool below to compare multiple companies in your local area.Freedom Life Insurance was founded in 1956. It is always a good idea to speak to an independent agent before choosing an insurance policy. A company with overwhelmingly poor customer reviews may be a company you want to avoid. The company rates strong for financial stability, but the BBB rating is troubling. If you need more options, you’ll need to find another life insurance provider. There’s not much that Freedom Life has to offer. Freedom Life Insurance: What’s the bottom line? You can contact Freedom Life Insurance by calling the customer service number at (800) 387-9027. Visit the BBB business profile and check the company’s ratings and the nature of complaints by customers before making a decision. It’s a company that provides straight-forward term life insurance policies, but it’s connected to a more prominent company known as USHealth Group, Inc.Īlthough the company has poor BBB ratings, it earned over $800 million in direct premiums in 2020. Today, its corporate location is located in Fort Worth, Texas. Secured with SHA-256 Encryption What is Freedom Life Insurance Company of America?įreedom Life Insurance Company of America was founded in 1966. Freedom Life insurance is known to carry monthly premiums between $10 and $50 per month. Life insurance cost depends on age, gender, health, and death benefits. How much does Freedom Life insurance cost? There is also no cash value to a term life insurance policy like you would find with a whole life insurance policy or universal life policy. Also, your insurance premiums are not fixed, and they are likely to get more expensive as you age. It does not last your entire life like a whole policy, though some term policies are convertible to whole policies. However, there are some disadvantages associated with this type of coverage. Terms are often in 10 year increments, i.e., you might have a 10-year term policy, a 20-year term policy, or a 30-year term policy. Term policies are usually cheaper than other types of life insurance because they often do not require medical exams, physical examinations, or health questions during the application process. The policyholder pays premiums over a certain period of time (the term) and in exchange, their beneficiary receives a payment upon their death. Term life insurance provides a death benefit for the insured’s family in case of his/her untimely demise. Secured with SHA-256 Encryption What is term life insurance? ![]()
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