Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Written by Jeffrey Manola
Founder & Licensed Agent Jeffrey Manola

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 Leslie Kasperowicz

UPDATED: Jun 30, 2022

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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 provider and cannot guarantee quotes from any single provider.

Our 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 on this page 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.

Facts You Should Know

  • Freedom Life Insurance Company of America is a subsidiary of USHealth Group.
  • Term life insurance policies are the only policies available at Freedom Life Insurance Company.
  • You could pay as low as $10 per month for Freedom Life Insurance term life policies.

Freedom Life Insurance Company of America underwrites for USHealth Group, a UnitedHealthcare company. Although USHealth Group provides health insurance, customers will only have the chance to buy Freedom Life Insurance term life policies.

Term life insurance quotes are the cheapest life insurance options you can find. However, your Freedom Life Insurance rates will depend on specific factors. As you go through this review, you’ll learn more about Freedom Life Insurance company and how to find the best life insurance rates.

If you want to start comparing Freedom Life Insurance Company to other life insurance companies in your area, enter your ZIP code in the FREE comparison tool above.

Freedom Life Insurance Company of America History

In 1956, Consolidated American Life Insurance Company was founded. By 1986, the company changed its name to Freedom Life Insurance Company of America.

Today, Freedom Life Insurance is a subsidiary of USHealth Group. The company’s headquarters is in Fort Worth, TX, but it does business across the United States.

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Freedom Life Insurance Company Coverage Options

Despite its connection to a health insurance company, Freedom Life Insurance Company only provides term life insurance policies. If you haven’t heard of term life insurance, it’s a life insurance policy type that includes life insurance coverage for a specific period, such as 10 years, 15 years, etc.

Your term life insurance rates will depend on the length of your term life policy, age, and overall health. Your health is graded at different levels. Here’s how life insurance companies identify them:

  • Super Preferred – Policyholder in Excellent Health (Lowest Risk)
  • Preferred – Policyholder in Good Health (Low but Susceptible Risk)
  • Standard Plus – Policyholder in Fair to Good Health (Susceptible Risk)
  • Standard – Policyholder in Fair Health (Higher Susceptible Risk)

The better your health, the less you pay for life insurance. To prove your health status, Freedom Life Insurance may ask you to get a medical exam so they can determine risk.

How much are Freedom Life Insurance monthly rates?

Freedom Life Insurance rates are between $10 and $50 per month. Younger and more healthy policyholders will likely pay close to $10 per month, but older policyholders will pay $50 or more per month.

It’s also important to note that young individuals with a preexisting condition that affects life expectancy can pay as much as a senior policyholder.

Why do younger policyholders pay cheaper rates?

Statistically speaking, younger life insurance policyholders have a higher life expectancy and have good health overall. Therefore, term life insurance rates are not as expensive for them.

Some variables are the exception to that rule, such as health or mental conditions. Certain medical conditions can make it complicated to get life insurance for younger policyholders.

Freedom Life Insurance Company Review: Financial Strength and Credit Ratings

Before we examine the ratings, let’s look at Freedom Life’s summary.

Freedom Life Insurance Company of America Summary
Freedom Life Insurance Company SummaryStats
Year Founded1966
Direct Premiums Written$13.1 Million
Market Share0.03%
Headquarters300 BURNETT STREET, SUITE 200
FORT WORTH, TX 76102-2734
Phone Number1-800-387-9027
Available InAll 50 States and Washington D.C.
Best ForTerm Life
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Under USHealth Group, Freedom Life Insurance Company earned $1.4 million in life insurance policies in 2019. Compared to other life insurance companies in the United States, that’s about 0.01 percent of what the life insurance industry made last year.

Freedom Life Insurance has an A.M. Best rating of “A-.”

According to Business Wire, Freedom Life Insurance Company has a stable financial outlook, but it’s not among the most prominent giants of the life insurance industry. However, Freedom Life is doing much better than other USHealth Group subsidiaries.

Freedom Life Insurance Company of America improved its A.M. Best score in 2019 from “B++” to “A-.” The COVID-19 pandemic may affect its 2020 score if Freedom Life Insurance decides to participate in A.M. Best ratings in 2021.

Freedom Life Insurance Company: The Bottom Line

The best life insurance companies are not the ones with the lowest premium but companies that meet your needs. Freedom Life is one of the small life insurance companies that do business across the nation. Affordable Freedom Life insurance is available. However, your rates will depend on factors that determine term life insurance.

Why wait? You can compare other companies’ life insurance quotes by entering your ZIP code in the FREE online quote tool below.