Company Details

  FREEDOM LIFE INSURANCE COMPANY OF AMERICA License Status :
Active

NAIC Number :

62324


Phone Number:

9529361300


Company Address:

9800 Health Care Lane MN006-W500
Minnetonka, MN  55343

Description:

Life and Health


License Number:

A419800


Date Admitted:

1971-12-20


Market Share

Link to Supplemental Data Page

Year Line Market Share Direct Premium Written Direct Premium Earned Direct Losses Paid Direct Losses Incurred Loss Ratio
2022 Total Accident & Health 0.05% $32,602,115 $32,469,302 $14,722,040 $17,255,768 53.14 %
2022 Total Individual Accident & Health 0.15% $31,856,436 $31,724,366 $14,562,414 $17,184,761 54.17 %
2022 Individual Comprehensive Medical Expense 0.01% $396,610 $396,610 $4,673,619 $5,515,227 N/A
2022 Individual Specified Disease 2.12% $17,579,571 $17,625,622 $5,137,346 $6,062,461 34.40 %
2022 Individual Accident Only 1.00% $2,989,385 $2,983,420 $539,767 $636,967 21.35 %
2022 Individual Dental 0.79% $2,046,713 $2,036,179 $750,823 $886,028 43.51 %
2022 Individual Limited Benefit 1.49% $8,844,157 $8,682,535 $3,460,859 $4,084,078 47.04 %
2022 Total Group Accident & Health 0.00% $745,679 $744,936 $159,626 $71,007 9.53 %
2022 Group Comprehensive Medical Expense - Association 0.27% $31,877 $33,061 $43,102 $19,173 57.99 %
2022 Group Long Term Care 0.37% $446,334 $445,698 $51,147 $22,752 5.10 %
2022 Group Accident Only 0.02% $91,994 $91,862 $9,684 $4,307 4.69 %
2022 Group Dental 0.00% $31,069 $31,017 $8,162 $3,631 11.71 %
2022 Group Limited Benefit 0.01% $144,405 $143,298 $47,531 $21,144 14.76 %
2022 Total Life 0.01% $2,980,839 $0 $407,017 $0 N/A
2022 Total Individual Life 0.01% $2,980,839 $0 $407,017 $0 N/A
2022 Individual Term Life 0.20% $2,980,839 $0 $407,017 $0 N/A
2021 Total Accident & Health 0.03% $25,483,185 $25,340,017 $9,576,502 $10,961,737 43.26 %
2021 Total Individual Accident & Health 0.10% $24,753,207 $24,610,960 $9,198,814 $10,530,803 42.79 %
2021 Individual Comprehensive Medical Expense 0.00% $212,361 $212,361 $3,024,648 $3,462,617 N/A
2021 Individual Specified Disease 2.18% $17,470,411 $17,406,677 $3,788,316 $4,336,864 24.91 %
2021 Individual Accident Only 0.86% $2,530,001 $2,516,227 $373,947 $428,094 17.01 %
2021 Individual Dental 0.53% $1,475,314 $1,463,995 $547,179 $626,410 42.79 %
2021 Individual Limited Benefit 1.02% $3,065,120 $3,011,700 $1,464,724 $1,676,818 55.68 %
2021 Total Group Accident & Health 0.00% $729,978 $729,057 $377,688 $430,934 59.11 %
2021 Group Comprehensive Medical Expense - Association 0.03% $61,725 $61,678 $36,157 $41,254 66.89 %
2021 Group Specified Disease 0.44% $449,966 $450,665 $283,565 $323,541 71.79 %
2021 Group Accident Only 0.02% $87,324 $87,569 $18,672 $21,304 24.33 %
2021 Group Dental 0.00% $25,860 $25,821 $9,076 $10,356 40.11 %
2021 Group Limited Benefit 0.01% $105,103 $103,324 $30,218 $34,479 33.37 %
2021 Total Life 0.01% $2,388,047 $0 $67,345 $0 N/A
2021 Total Individual Life 0.01% $2,388,047 $0 $67,345 $0 N/A
2021 Individual Whole Life 0.14% $2,388,047 $0 $67,345 $0 N/A

Enforcements

The department has not taken enforcement action against this company in the past three years.

Link to Enforcements Page


Complaint Index

Year Line Market Share Number of Complaints Complaint Index
2022 Health 0.26% 6 90
2022 Life and Annuities 0.02% 0 0
2022 Long-Term Care Insurance 0.06% 0 0
2021 Health 0.19% 5 89
2021 Life and Annuities 0.02% 0 0


Company Changes


Market Conduct

Date: 04/11/2019

FLICA419.pdf

Date: 01/15/2021

FLICA121.pdf


Financial Exams

This company does not have any financial exams.