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Freedom Life Insurance Review (2021)



When researching life insurance products, it is easy to be overwhelmed by the amount of options available, especially if you are not sure what type of life insurance you need or which product is best for your family. We understand how confusing and overwhelming it can be, so we provide reviews on every life insurance company in the United States to give an in-depth look at their financial strength, customer experiences and product range to help you make the right choice for your family. Freedom Life Insurance makes it easy to make decisions, with just one option for life insurance and affordable coverage. If the 10-year life insurance it offers suits your needs, contact an agent to get a quote and complete the application for their life insurance without a degree. Continue reading to learn more about Freedom Life Insurance term life offer.

Here's what you need to know about Freedom Life Insurance

Freedom Life Insurance offers a 1

0-year renewable life insurance with economical pricing. The life insurance policy does not offer drivers or benefits, but can be combined with other products from the USHEALTH Group, such as accidents and health protection, disability, dental care, vision and health insurance.

Pros Freedom Life Insurance

1) Coverage can be renewed for 70 years : Freedom Life offers a ten-year life insurance. After the ten years, the policy can be renewed annually until you turn 70 or coverage is no longer needed.

2) Easy to understand price structure : The basic price for coverage is $ 10 and increases in increments of $ 5 to a maximum monthly price of $ 50.

3) Simple cancellation : About you need to cancel, simply stop paying the monthly premium. A life insurance has no cash value, so the insurance is canceled without having to fill in a form or make a phone call.

4) Excellent financial strength : Through its parent company, USHEALTH Group, Inc., Freedom Life supports billions of dollars in assets, which means that when it's time to pay off claims, it can without problem.

Disadvantages of Freedom Life Insurance

1) Only one option available : The only option for coverage with Freedom Life is a 10-year life insurance policy.

2) No riders or benefits available : Unlike other life insurance companies, Freedom Life offers no additional benefits or riders as accelerated death benefit .

3) Not available in all states : If you are looking for life insurance coverage with freedom, it is not available in all states. Those living in California, the District of Columbia, Hawaii, Idaho, Massachusetts, Maine, Montana, New Hampshire, New York, New Jersey, North Dakota, Rhode Island, Vermont, Wisconsin and the United States must look elsewhere.

4) Coverage is not transparent : Although pricing is easy to find, it is difficult to find the coverage amounts for each price point. To receive a quote, you must contact a licensed USHealth Advisors agent.

Types of Insurance

What types of life insurance do Freedom Life Insurance offer?

Freedom Life offers only a 10-year life insurance renewable until the age of 70.

Freedom Life Insurance offers only one type of life insurance, LifeProtector ten-year life insurance. The price remains the same for the first ten years and is then renewed annually until you turn 70 or cancel the policy.

Who fits well?

Someone who is looking for temporary coverage at an affordable price who may not have the best health. As a subsidiary of USHEALTH Group, Freedom Life offers group interest rates at an affordable cost after answering some basic health questions.

How is Freedom Life Insurance different?

Freedom Life makes the choice of life insurance easy by offering only one product at group prices. This plan can also be combined with dental, vision, accident, sickness, disability and health insurance.


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] What types of insurance can you buy from Freedom Life Insurance?

Life insurance products offered through Freedom Life Insurance

Freedom offers lifelong insurance, which is used for a temporary need such as:

  • Paying off student loans, mortgages or other debt
  • Paying for children's education
  • Replacing your income if you were to pass
  • Provide a financial safety net for your family

With the term life insurance you keep the policy until it no longer makes sense or if your needs have been met (children have grown and moved away, debts paid, pension). If you are looking for coverage to stay in place until you die, a full life or universal life insurance would insure better than a term life insurance policy.

What policies does Freedom Life Insurance offer?

Freedom Life's LifeProtector insurance is a 10-year life policy with the option to renew it annually until you turn 70 years old.

RELATED: 5 Critical Tips You Must Know Before Buying Life Insurance

A Brief History of Liberty Insurance

The USHEALTH Group, Inc. has been active since 1982 and is headquartered in Fort Worth, TX. The company is best known for its health insurance products sold through USHEALTH Advisor agents and also offers voluntary or additional benefits through its subsidiaries Freedom Life Insurance Company of America, National Foundation Life Insurance Company and Enterprise Life Insurance Company. Through its subsidiaries, USHEALTH offers lifetime insurance, accidents, illness, disability, dentistry, vision, income protection and critical illness policy.

The company saw early success but was on the verge of financial collapse due to lack of sales until the President and CEO Troy McQuagge took over the business. McQuage's reputation as a man who can make remarkable inroads for dying companies was put to the test when he was named CEO of USHEALTH Group, Inc. 2014.

Under his leadership, the company has set several years of sales records and seen a ten-year compound annual growth rate of 25 , 3%. In 2019, less than ten years after McQuagge became president, USHEALTH was able to break $ 1 billion in annual sales. For his efforts, McQuagge received the 2020 Gold Lifetime Achievement Stevie Award on behalf of USHEALTH Group, Inc.

Freedom life insurance products

Freedom Life Insurance is a wholly owned subsidiary of USHEALTH Group. It offers deductible health insurance plans with the option to purchase supplementary benefits to bridge the gap left by the high deductible:

  • LifeProtector 10-year life insurance
  • Critical illness
  • Specified illness / illness [19659053] Accident Short-term accident [19659053
  • Income Protection
  • Dental
  • Vision

Freedom Life Insurance coverage information and guidelines

Who issues their policies

All products offered are issued and guaranteed by Freedom Life Insurance Company of America, National Foundation Life Insurance Company and Enterprise Life Insurance Company, available in 31 states.

How do I get an online quote through Freedom Life Insurance?

There is no alternative to an online quote or Life Insurance Needs Calculator for Freedom Life Insurance. To get a quote on life insurance coverage, you must contact a USHEALTH Advisor licensed insurance agent.


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How do I get a low interest rate?

For whom is Freedom Life Insurance? 19659097] Freedom Life Insurance is for people who do not need a large amount of life insurance and only have a temporary need for it. The LifeProtector policy is without frills, without legs, life policy without the possibility for riders or additional benefits. Those looking for permanent life insurance alternatives, longer than ten years in coverage or large amounts of coverage must get a quote from another life insurance company.

Who is the ideal applicant for life insurance?

The LifeProtector policy offered through Freedom Life Insurance is a no degree life insurance policy. As long as you can complete the paperwork, answer some basic health questions, sign the application and pay the premium, you can get coverage up to the maximum amount offered, with a premium cap of $ 50 per month.

What happens if I Am not completely healthy?

Freedom Life Insurance is perfect for someone who does not have the best health because there are few health questions to answer. As long as you are not currently in hospital or have been diagnosed with cancer or other terminal illness, you are entitled to coverage. If you are not completely healthy and only need a small amount of life insurance coverage, Freedom Life may be a good fit.

How to Apply for Life Insurance with Freedom Life Insurance

Registration for Freedom Life Insurance

To register for Freedom Life Insurance, contact a USHEALTH Advisors agent. They can provide a quote for coverage and help you sign up for the coverage amount you choose.

How does the application process with Freedom Life Insurance

To apply for coverage with Freedom Life Insurance, the process is quite simple.

  1. Select the amount of coverage you need.
  2. Fill in the application and sign it.
  3. Pay the first premium to bind the insurance.

There is no medical examination for Freedom Life Insurance, so once the application is completed and the policy paid, you just have to wait until it is issued and sent to you.


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Freedom Life Insurance Financial & BBB Ratings

Knowing the financial strength of an insurance company is important because the better the company does it financially, the easier they can pay off large life insurance claims and the less likely the company will close, which leaves life insurance customers without an active insurance and encrypts to find new coverage.

As a subsidiary of the USHEALTH Group, Freedom Life Insurance can use the parent company's financial strength as well as its own. Neither device has ratings with Standard & Poor & # 39; s or Moody & # 39; s. Freedom Life has an A rating with A.M. Best, which shows that the company has excellent financial strength to pay its commitments.

RELATED: Check Examples of Life Insurance Rates by Age (No personal information required)

Review and Complaint of Freedom Life Insurance [19659003] Freedom Life Insurance has mixed reviews online. Many complaints are directed at USHEALTH Group, Inc. products and not directly about the LifeProtector product. It has 1.5 / 5 stars on Yelp and 3.4 / 5 stars on TrustPilot. Most of the complaints found are directed at the health insurance offered through the parent company.

The company was also not listed in JD Power U.S. Life Insurance Study . This study lists the 23 best life insurance companies with the highest customer satisfaction index, with 763 as the industry average. For this year, State Farm has the highest rating, followed by Globe Life and Nationwide.

The National Association of Insurance Commissioners (NAIC) company's complaints index for Freedom Life Insurance is 1.45, which is almost half. one point higher than the average number of complaints expected in the life insurance market.

Compare Freedom Life Insurance VS New York Life Insurance

Freedom Life Insurance offers only one type of life insurance while New York Life offers term, universal, variable and whole life insurance products. It also offers options for long-term care and pension income. Like Freedom Life, New York Life only provides quotes through a registered agent. With fully subscribed life insurance products, New York Life can offer competitive rates based on the applicant's health history and risk of death, compared to Freedom Life's no test policy with general rates based on age and coverage.

Freedom Life Insurance Alternatives [19659003] With only one life insurance alternative and limited coverage amounts, Freedom Life does not fit right into everyone's life insurance needs. Our best choice for life insurance needs is AIG Direct which offers longevity, longevity and universal life coverage with drivers and benefits. If you are looking for a quote online to see how much coverage will cost at affordable prices, Haven Life is our favorite choice.

Summary

Freedom Life Insurance has only one type of life insurance. , a ten-year period that is eligible for renewal annually until you turn 70, with coverage based on increased premium amounts between $ 10 and $ 50, making it an easy decision for applicants. Freedom Life is a subsidiary of USHEALTH Group, Inc., which is financially strong. LifeProtector insurance offers no drivers or benefits, including an accelerated death benefit. Quotation is provided only through USHEALTH Advisors. As an alternative life insurance alternative, the prices are not comparable with fully guaranteed life insurance products. Those who need longer-term coverage or higher face amounts must seek elsewhere for life insurance coverage.

* While we do our utmost to keep our site up to date, please be aware that "current" information on this site, such as quote estimates, or relevant company information, may only be accurate as of the last day of editing. Huntley Wealth & Insurance Services and its representatives do not provide legal or tax advice. Please contact your own legal or tax advisor.


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