Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jan 15, 2021

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The Brief

  • Freedom Life Insurance Company is a subsidiary of USHealth Group.
  • They only offer one 10-year term life insurance policy with no riders to customize your coverage.
  • Monthly premiums cost between $10 and $50.
  • Online customer reviews are less than good, but the company has a complaint ratio lower than the national average.

During your search for affordable term life insurance, you may come across Freedom Life Insurance Company. But who is Freedom, and how do they compare to their competitors?

In our Freedom life insurance review, we’ll discuss the company, their life insurance products, rates, industry and customer ratings, contact information, and more.

Enter your ZIP code above to compare life insurance quotes from companies in your area.

Who is the Freedom Life Insurance Company?

The Freedom Life Insurance Company was founded in 1967. They are a subsidiary of USHealth Group. Their life insurance products may be underwritten by two other subsidiaries — National Foundation Life Insurance Company and Enterprise Life Insurance Company.

Freedom offers life insurance in most states, excluding Connecticut, Hawaii, Massachusetts, New Hampshire, New York, Puerto Rico, Rhode Island, and Vermont.

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What life insurance products do they offer?

Freedom doesn’t offer many life insurance products. In fact, they only offer one term life insurance option. This product is known as LifeProtector.

LifeProtector is a 10-year term life insurance policy, meaning it will offer your beneficiaries a death benefit for 10 years with level premiums. You can renew this plan up until the age of 70.

While the death benefit with a term life insurance policy can be helpful, if you want to take advantage of the extra benefits, such as cash value, of a permanent life insurance policy, you would need to look somewhere else.

Unfortunately, Freedom life insurance also doesn’t offer any riders, which would allow you to customize your policy.

A common rider offered by many insurance companies is an accelerated death benefit, which would allow you to access your death benefit early if you’re diagnosed with a chronic or terminal illness.

If you’re looking for a life insurance company with more flexibility and ability to personalize your coverage, Freedom isn’t the way to go.

How much is Freedom life insurance?

Freedom life insurance rates will cost between $10 and $50 in $5 increments. To compare, let’s take a look at the average rates for term life insurance for a 30-year-old, non-smoking male.

Average Monthly Term Life Insurance Rates for a 30-Year-Old, Non-Smoker Male
Coverage Amount10-Year Term Length Average Monthly Rates20-Year Term Length Average Monthly Rates30-Year Term Length Average Monthly Rates
$100,000$10.85$12.53$16.36
$250,000$13.45$17.45$24.41
$500,000$18.56$26.22$37.93
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While Freedom doesn’t specify their coverage amount options, you can see that all of the above options are within the price range indicated by Freedom Life Insurance Company.

You may even be able to find life insurance options from another company that offer higher coverage amounts and/or longer terms for around the same price.

How is Freedom Life Insurance Company rated?

The Freedom Life Insurance Company of America is rated an A by A.M. Best. This means that they have excellent financial strength and will likely have the ability to pay claims and other financial obligations.

Are Freedom customers satisfied?

According to Yelp, Freedom Life Insurance Company has a 1.5/5 star rating. Many customer reviews express frustration about billing issues, delays in refunds, and unsatisfactory claims coverage.

However, the NAIC gave Freedom Life Insurance Company a complaint ratio of 0.83, which is slightly better than the national average of 1.00. This means that Freedom gets less complaints than other companies of the same size.

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How can I contact Freedom Life Insurance?

You can call USHealth Group customer service at (866) 722-8744. The Freedom Life Insurance Company customer service phone number is (800) 387-9027. You can also email them at [email protected] Their website is www.ushealthgroup.com.

If you’d like to contact Freedom by mail, you can send mail to 300 Burnett Street, Suite 200, Forth Worth, TX 76102.

How can I get a quote?

Freedom sells its products through agents only. This means that you can only receive Freedom life insurance quotes by contacting an agent that sells their product.

However, if you’d like an agent to contact you, you can visit the USHealth Group website and enter your contact information under the “Get a quote” section to have an agent get in touch.

Summing It Up: Freedom Life Insurance Review

Freedom Life Insurance Company of America is a subsidiary of USHealth Group. They only offer one 10-year term life insurance policy with no riders to customize your coverage.

If you buy Freedom life insurance, you would pay between $10 and $50 a month in increments of $5 for your premium. However, you may be able to find higher coverage limits or longer terms for comparable prices.

The company’s online customer reviews are less than good, but their complaint ratio from the NAIC indicates they get less complaints than other companies of the same size.

If you need help doing more research to find the right life insurance company for you, enter your ZIP code below to use our free quote comparison tool.

References:

  1. http://ratings.ambest.com/SearchResults.aspx