NAIC gives Freedom Life Insurance Company of America a ratio of 0.0, meaning there were no complaints lodged with the NAIC, at least as far as their life insurance goes.įor Group Accident and Health insurance, their ratio is. The median amount of complaints is 1.0, meaning a company has the number of complaints you would expect for a company their size. The National Association of Insurance Commissioners gives every insurance company a ratio between 0.0 and 2.0. Customer Satisfaction Rating Of Freedom Life Insurance ![]() Best gives Freedom Life insurance an A- rating, indicating that their financial strength is excellent. ![]() Financial Strength Rating of Freedom Life InsuranceĪ.M. There is a record of 39 customer reviews on the BBB’s webpage, with 80 closed complaints in the last three years and 34 in the last 12 months. ![]() They are not accredited by the BBB, which may mean they don’t meet certain ethical standards laid out by the BBB. BBB gives them a D+, which is one of the lowest ratings we’ve seen. There is an alert on the BBB’s page, citing a “pattern of complaint” regarding Freedom Life Insurance, specifically product and contract issues. >MORE: Differences between Whole Life and Term Life Insurance Customer Service Rating of Freedom Life Insurance They also have dental and vision insurance. Health Group mostly offers is health insurance, disability insurance, and accident insurance. >MORE: How Much does Term Life Insurance Cost? It is a renewable policy and there is no medical exam, so that’s a plus. 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. Owners of active individual life insurance policies and annuity contracts that moved to Brighthouse Financial were sent an endorsement (a notice) changing the name of the issuing company for their policies/contracts.Freedom Life Insurance was founded in 1956.
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