If you’d prefer another life insurance type, such as whole, universal, or final expense policies, you’ll have to look for another insurance company that has more robust product offerings. Freedom Life does not have any insurance riders the policy is the same for everyone and cannot be altered.įreedom Life Insurance Company and USHealth Group keep it very simple: They only offer a term life insurance policy with one term option.
No riders or endorsements available: Other insurance companies have riders you can add to your policy to enhance and customize your coverage. Not available in all states: Unfortunately, Freedom Life’s policies aren’t available in all 50 states. If you want any other plan or term, you’ll have to find another insurer. Only one life insurance option: While most life insurance companies offer multiple life insurance plans, such as term, whole, and universal life policies, Freedom Life only has one option: term life insurance with a 10-year term. Obviously, the lower the premium, the lower your coverage will be. Offering these options, allows customers to find coverage they can afford. Variety of premium options: This company allows you to choose your premium amount between $10 and $50, in increments of $5. You can also get health insurance, accident protection, dental coverage, and vision insurance. Other insurance products available: Beyond term life insurance, Freedom Life’s parent company offers a range of other insurance products. You can review our list of the best life insurance companies for what we think are better options. ALL RIGHTS RESERVED.Freedom Life is not one of our top-rated life insurance companies. For more information, visit Copyright © 2019 by A.M. Headquartered in Oldwick, NJ, AM Best has offices in cities around the world, including London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. The company does business in more than 100 countries. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.ĪM Best is a global credit rating agency, news publisher and data provider specializing in the insurance industry. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. This press release relates to Credit Ratings that have been published on AM Best’s website. AM Best expects that USHEALTH’s ERM will benefit from the relationship with its new parent organization. USHEALTH’s supplemental insurance portfolio has a diverse suite of accident and health coverage, as well as disability and life products. USHEALTH has had a trend of favorable premium growth from increased sales and retention predominantly in its core Premier Choice products. USHEALTH has had a trend of strong operating results with a return on equity of 40% or greater for the past five years driven by improved loss ratios and significant premium growth in the high double-digit range. USHEALTH’s risk-adjusted capital has strengthened over the past year but is anticipated to be maintained at the adequate level, as measured by Best’s Capital Adequacy Ratio. 
The acquisition is expected to expand the individual supplemental business of UnitedHealth Group’s UnitedHealthcare operations. The rating upgrades reflect lift from USHEALTH’s ultimate parent, UnitedHealth Group, which also acquired USHEALTH’s affiliated distribution capabilities.
The ratings reflect USHEALTH Group’s balance sheet strength, which AM Best categorizes as adequate, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM). These rating actions follow the acquisition of USHEALTH and its subsidiaries by Golden Rule Financial Corp., a subsidiary of UnitedHealth Group Incorporated (UnitedHealth Group). The outlook of these Credit Ratings (ratings) is stable. All companies are domiciled in Fort Worth, TX. OLDWICK, N.J.-( BUSINESS WIRE)- AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “bbb” of Freedom Life Insurance Company of America, Enterprise Life Insurance Company and National Foundation Life Insurance Company, all subsidiaries of USHEALTH Group, Inc.
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