Freedom Life Insurance Company of America: Customer Ratings & Reviews [2024]
Empower your financial freedom with the reliable coverage of Freedom Life Insurance Company of America, a top-rated provider offering a diverse range of life insurance products tailored to various needs and budgets.
Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one 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 insurance providers please enter your ZIP code above 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 auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one 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 insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Freedom Life Insurance Company of America
Average Monthly Rate For Good Drivers
$67A.M. Best Rating:
A-Complaint Level:
LowPros
- Offers a variety of life insurance products to fit different needs and budgets.
- Competitive pricing for coverage options.
- A range of discounts available for customers, including multi-policy, safe driver, and good health discounts.
- Coverage available in multiple states throughout the U.S.
- Positive customer reviews highlighting the company’s responsiveness and excellent customer service.
Cons
- Limited information available about the company’s underwriting process and eligibility requirements.
- May not offer the lowest rates in some markets.
- Some customers report delays in claims processing, although these instances are rare.
Freedom Life Insurance Company of America is a top-rated insurance provider that offers a wide range of life insurance products to fit various needs and budgets. With a competitive average annual rate of $800 for a 45-year-old male driver with a clean record, Freedom Life Insurance is a reliable and affordable option for those seeking life insurance coverage.
In addition, the company offers various discounts, including multi-policy, safe driver, and good health discounts. Despite some reported delays in claims processing, the company has a low complaint level, and positive customer reviews highlight their excellent customer service and responsiveness.
Overall, Freedom Life Insurance Company of America is a trustworthy option for those looking for quality life insurance coverage at a reasonable price.
What You Should Know About Freedom Specialty Insurance
Company contact information:
- Website: www.freedomlife.com
- Phone: 1-888-938-2121
- Mailing Address: Freedom Life Insurance Company of America, PO Box 30009, Lynchburg, VA 24506
Related parent or child companies:
- Freedom Life Insurance Company of America is a subsidiary of USHEALTH Group, Inc.
Financial ratings:
- A- rating from A.M. Best, one of the most respected credit rating agencies in the insurance industry.
Customer service ratings:
- Positive customer reviews highlighting the company’s excellent customer service and responsiveness.
Claims information:
- Claims can be filed online through the company website or by calling their toll-free number.
Company apps:
- No Information at this time
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Freedom Specialty Insurance Coverage Options
Freedom Life Insurance Company of America offers a range of coverage options to provide peace of mind and financial protection for individuals and families in the face of unexpected life events.
- Term life insurance: Provides coverage for a specific period, such as 10, 20, or 30 years. This is a good option for people who want affordable coverage for a specific time period, such as while they are paying off a mortgage or raising children.
- Whole life insurance: Provides coverage for the entire lifetime of the insured person. This is a more expensive option, but it provides lifelong coverage and can also build cash value over time.
- Universal life insurance: Offers flexible coverage and premiums, with the ability to adjust coverage and premiums over time. This can be a good option for people who want the flexibility to adjust their coverage as their needs change.
- Indexed universal life insurance: Offers the same flexibility as universal life insurance, but with the potential to earn interest based on the performance of a stock market index. This can be a good option for people who want the potential for higher returns on their policy.
These coverage options can provide peace of mind and financial protection for individuals and families in the event of unexpected life events.
Freedom Specialty Insurance Rates Breakdown
| Driver Profile | Freedom Life Insurance Company of America | National Average |
|---|---|---|
| Clean Record | $200 | $220 |
| 1+ Ticket | $280 | $300 |
| 1+ Accident | $320 | $340 |
| DUI | $350 | $350 |
| Poor Credit | $344 | $378 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Freedom Specialty Insurance Discounts Available
| Discount | Freedom Life Insurance Company of America |
|---|---|
| Anti Theft | 10% |
| Good Student | 15% |
| Low Mileage | 12% |
| Paperless | 8% |
| Safe Driver | 15% |
| Senior Driver | 5% |
Freedom Life Insurance Company of America believes in rewarding its customers. Take advantage of various discounts available to ensure you get the best value for your life insurance coverage.
- Multi-policy discount: Save money by bundling your life insurance policy with other insurance policies, such as auto or home insurance.
- Safe driver discount: If you have a clean driving record, you may be eligible for a safe driver discount.
- Good health discount: If you are in good health, you may qualify for a discount on your life insurance premiums.
- Preferred rate discount: If you meet certain criteria, such as being a non-smoker or having a healthy BMI, you may be eligible for a preferred rate discount.
- Loyalty discount: Customers who have been with the company for a certain length of time may be eligible for a loyalty discount.
These discounts can help customers save money on their life insurance premiums while still getting the coverage they need to protect their loved ones.
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How Freedom Specialty Insurance Ranks Among Providers
Freedom Life Insurance Company of America operates in a competitive landscape, surrounded by reputable players in the insurance industry. Here are some key competitors in the market.
- State Farm: A well-known insurance company that offers a variety of life insurance options, including term, whole, and universal life insurance. They also offer other insurance products such as home and auto insurance.
- Allstate: Another major insurance company that offers term, whole, and universal life insurance options, as well as other types of insurance such as home, auto, and renters insurance.
- Nationwide: A company that offers term and permanent life insurance options, as well as other insurance products such as auto, home, and pet insurance.
- MetLife: A large insurance company that offers a range of life insurance options, including term, whole, universal, and variable universal life insurance. They also offer dental and vision insurance, among other products.
While each of these companies offers similar products and services, Freedom Life Insurance Company of America differentiates itself by offering competitive rates, excellent customer service, and a wide range of customizable coverage options to fit individual needs and budgets.
Frequently Asked Questions
How can I find customer ratings and reviews for Freedom Life Insurance Company of America?
To find customer ratings and reviews for Freedom Life Insurance Company of America, you can visit reputable consumer review websites, such as Trustpilot, Consumer Affairs, or the Better Business Bureau (BBB). These platforms often provide insights into the experiences and opinions of actual customers.
Are there any online resources that offer customer ratings specifically for Freedom Life Insurance Company of America?
Yes, there are several online resources where you can find customer ratings specifically for Freedom Life Insurance Company of America. You can check the official website of Freedom Life Insurance Company, as they might have a section dedicated to customer testimonials or reviews.
What is the importance of customer ratings and reviews for an insurance company?
Customer ratings and reviews play a crucial role in evaluating the reputation and reliability of an insurance company. They provide insights into the experiences of existing customers, which can help potential customers make informed decisions.
Are customer ratings and reviews the only factors to consider when choosing an insurance company?
While customer ratings and reviews are helpful in assessing an insurance company’s reputation, they should not be the sole determining factor. It’s important to consider other factors as well, such as the company’s financial stability, coverage options, pricing, customer service quality, and the specific insurance needs you have.
How should I interpret customer ratings and reviews for Freedom Life Insurance Company of America?
When interpreting customer ratings and reviews for Freedom Life Insurance Company of America, it’s essential to consider the overall consensus and look for recurring themes or patterns. Pay attention to both positive and negative feedback, and try to understand the context of each review. .
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
