Detailed Facts About the Freedom Life Health Insurance for Families

Last updated on May 15, 2024

Freedom life health insurance offers comprehensive health coverage tailored to shoulder families from expensive health services. Life insurance protects families by providing various insurance options. With over 15 million beneficiaries and freedom of life health insurance, the program is undoubtedly a go-to insurance option.

What is the Freedom Life Insurance Company of America?

Freedom Life Insurance Company of America is a wholly owned subsidiary of USHealthy Group. The Company Company only sells term life insurance policies. The CompanyCompany provides annuity, credits, health, and accident products related to life insurance policies.

Pros of Freedom Health Insurance  

• Availability of other insurance products: Aside from life insurance, Freedom Life’s parent company offers a wide selection of insurance products. Individuals can access health insurance, vision insurance, dental coverage, and accident protection.
• A wide array of premium options: Freedom Life health insurance allows individuals to choose their premium coverage from a wide range of options. This will enable individuals to get premiums they can afford. This is meant to benefit customers from many walks of life. But it is essential to acknowledge that a lower premium leads to lower coverage.

Cons of Freedom Health Insurance 

• It has only one life insurance option: Even though many life insurance companies offer numerous life insurance options, including universal, whole, and term life policies, freedom life health insurance offers only one life insurance with term life insurance of ten years.
  • This is particularly inconvenient when looking for other life insurance because customers must look for them in other insurers.
• Have a limited area of coverage: Freedom Life health insurance operates only in select states, making it unreliable.
• Unavailability of Endorsements or Riders: While most insurance companies have riders, allowing customers to customize and enhance their coverage, Freedom Life Health Insurance does not guarantee any endorsement or riders. The policy is homogenous to every client and cannot be altered.

Available Plans

As a company thriving to keep things as simple as they look, Free Life Health Insurance Company only offers a term life insurance policy with a limited one-term. The following paragraph provides detailed insurance products as provided by the CompanyCompany.

Premier Advantage

The PremierAdvantage Fixed Indemnity Plans provide first-dollar payments for covered healthcare services without a calendar year deductible has to be first satisfied. These plans utilize the nationwide UnitedHealthcare Choice Plus Network and pay the stated benefit amount, regardless of expenses incurred. Plus, a customer can buy more coverage, if they need it, through PremierMed without additional underwriting!

Premier Choice 

The PremierChoice Specified Disease/Sickness and Accident PPO Plans provide first-dollar payments for expenses incurred for covered healthcare services without a calendar year deductible has to be first satisfied.

The Premium Rate Guarantee Period does not apply to any rate change due to a change of address, addition of Insureds, change of benefits or options, change of Mode of Premium Payment, group policy coverage, benefits, limitation or exclusion changes, or any future requirements of any federal or state law.

PremierChoice is not available in all states. Don’t hesitate to contact a licensed agent for more information. Limitations, waiting periods, and exclusions may apply.

Life Protector 

The life protector benefit may vary from one state to another. Yet, the insurance policy is only available in select states. The policy is a 10-year term and is a renewable life insurance policy option. The plan’s stated death benefit is paid to the insured’s designated beneficiary.

While many insurers provide riders, LifeProtector does not contain any rider for enhancing the death benefit payment to the insured while living. The ACA does not consider Life insurance plans as “health insurance.”

Therefore, even with LifeProtector, the ACA still requires individuals to maintain “minimum essential coverage.” Alternatively, these individuals can be subject to the payment of the annual shared responsibility payment with the payment of their taxes to the federal government from 2014 – 2018.

Accident Protector 

According to freedom life health insurance Company, Accident Protector is an excess medical expense coverage plan designed to help fill the gap of out-of-pocket expenses accident victims may incur due to accidental bodily injury. After the applicable deductible is met, the plan pays up to the selected excess medical expense amount.

The policy guarantees the beneficiaries with;

• . Excess medical insurance covers shoulder the cost of co-pays, deductibles, and other expenses not covered in the insurance.

1. Provide sump sum payouts if the injury is due to an accident and results in a loss.

Nonetheless, the Accident Protector Plan is considered an “excepted benefit plan” under the ACA and is not a “minimum essential coverage” plan under the ACA.

Secure Dental 

The SecureDental PPO plans can help individuals and their families maintain a healthy smile. Dental and oral health is one of America’s most critical health concerns. Having dental coverage is crucial in maintaining oral healing.

ACA considers the SecureDental Plan as an excepted benefit plan”, requiring individuals to maintain “minimum essential coverage.”

Income Protector 

Whether with a family or a team of one, the bills don’t stop just because one is sidelined with an accidental injury. When accidents happen, IncomeProtector can help by providing monthly benefits to assist beneficiaries with bill payments and general expenses.

Unforeseen circumstances are part of human life; the worst is that they don’t knock. It can come at a time when income is insignificant to meet essential family needs. Having IncomeProtector is an excellent way one can shoulder harsh financial times.

Conclusion 

Life can be easy with free life health insurance, especially after getting excellent dental, vision, income, and health with USHealth Group and adding the term freedom life health insurance. But that only offers one policy with another 10-year term. That might sound great, especially knowing that most insurance providers offer multiple policies with longer times.

As if that is not enough, Freedom Life Health Insurance Company does not operate in all 50 states.

Undoubtedly, many people will need a life insurance company with many options. Most people will also prefer a company with more robust coverage than Freedom Life.