Company Details

  FREEDOM LIFE INSURANCE COMPANY OF AMERICA License Status :
Active

NAIC Number :

62324


Phone Number:

8178783300


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
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 0.11% $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 2.19% $17,470,411 $17,406,677 $3,788,316 $4,336,864 24.91 %
2021 Individual Accident Only 0.87% $2,530,001 $2,516,227 $373,947 $428,094 17.01 %
2021 Individual Dental 0.56% $1,475,314 $1,463,995 $547,179 $626,410 42.79 %
2021 Individual Limited Benefit 1.06% $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
2020 Total Accident & Health 0.02% $18,445,100 $18,357,002 $6,773,213 $7,621,013 41.52 %
2020 Total Individual Accident & Health 0.08% $17,695,989 $17,606,467 $6,330,098 $7,153,572 40.63 %
2020 Individual Comprehensive Medical Expense 0.00% $205,007 $205,007 $2,596,847 $2,934,668 N/A
2020 Individual Specified Disease 1.94% $13,277,583 $13,217,630 $2,252,141 $2,545,119 19.26 %
2020 Individual Accident Only 0.67% $1,829,944 $1,822,250 $506,803 $572,732 31.43 %
2020 Individual Dental 0.41% $925,968 $919,936 $250,749 $283,368 30.80 %
2020 Individual Limited Benefit 0.62% $1,457,487 $1,441,644 $723,558 $817,685 56.72 %
2020 Total Group Accident & Health 0.00% $749,111 $750,535 $443,115 $467,441 62.28 %
2020 Group Comprehensive Medical Expense - Association 0.03% $62,427 $62,847 $3,008 $3,174 5.05 %
2020 Group Specified Disease 0.48% $453,773 $456,018 $353,306 $372,702 81.73 %
2020 Group Accident Only 0.03% $92,741 $92,892 $11,286 $11,906 12.82 %
2020 Group Dental 0.00% $23,558 $23,414 $5,114 $5,394 23.04 %
2020 Group Limited Benefit 0.02% $116,612 $115,364 $70,401 $74,265 64.37 %
2020 Total Life 0.00% $1,841,675 $0 $162,692 $0 N/A
2020 Total Individual Life 0.01% $1,841,675 $0 $162,692 $0 N/A
2020 Individual Term Life 0.14% $1,841,675 $0 $162,692 $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
2021 Life and Annuities 0.02% 0 0
2021 Health 0.19% 5 89
2020 Health 0.14% 6 126
2020 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.