Company Details

  FREEDOM LIFE INSURANCE COMPANY OF AMERICA License Status :
Active

NAIC Number :

62324


Phone Number:

817-878-3628


Company Address:

300 BURNETT STREET, SUITE 200 
FORT WORTH, TX  76102-2734

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
2020 Total Accident & Health 0.03% $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 1.95% $13,277,583 $13,217,630 $2,252,141 $2,545,119 19.26 %
2020 Individual Accident Only 0.68% $1,829,944 $1,822,250 $506,803 $572,732 31.43 %
2020 Individual Dental 0.47% $925,968 $919,936 $250,749 $283,368 30.80 %
2020 Individual Limited Benefit 0.65% $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 0.15% $1,841,675 $0 $162,692 $0 N/A
2019 Total Accident & Health 0.02% $12,703,969 $12,661,680 $4,709,615 $4,735,107 37.40 %
2019 Total Individual Accident & Health 0.06% $11,914,047 $11,869,377 $4,399,537 $4,436,703 37.38 %
2019 Individual Comprehensive Medical Expense 0.00% $159,140 $159,137 $1,922,645 $1,938,887 N/A
2019 Individual Specified Disease 1.65% $9,360,475 $9,333,377 $1,449,055 $1,461,296 15.66 %
2019 Individual Accident Only 0.49% $1,303,516 $1,301,635 $388,678 $391,961 30.11 %
2019 Individual Dental 0.31% $589,481 $584,972 $221,685 $223,558 38.22 %
2019 Individual Limited Benefit 0.27% $501,435 $490,256 $417,474 $421,001 85.87 %
2019 Total Group Accident & Health 0.00% $789,922 $792,303 $310,078 $298,404 37.66 %
2019 Group Comprehensive Medical Expense - Association 0.03% $76,727 $79,124 $23,978 $23,075 29.16 %
2019 Group Specified Disease 0.44% $460,117 $462,440 $49,834 $47,958 10.37 %
2019 Group Accident Only 0.03% $93,853 $94,500 $55,667 $53,571 56.69 %
2019 Group Dental 0.00% $18,811 $18,696 $8,958 $8,620 46.11 %
2019 Group Limited Benefit 0.02% $140,414 $137,543 $171,641 $165,180 N/A
2018 Total Accident & Health 0.01% $9,385,929 $9,303,382 $3,123,790 $3,713,248 39.91 %
2018 Total Individual Accident & Health 0.04% $8,452,178 $8,369,989 $2,803,553 $3,463,593 41.38 %
2018 Individual Comprehensive Medical Expense 0.00% $99,819 $99,857 $1,334,012 $1,648,080 N/A
2018 Individual Specified Disease 1.39% $6,905,888 $6,841,193 $1,077,105 $1,330,687 19.45 %
2018 Individual Accident Only 0.39% $999,029 $989,257 $232,751 $287,547 29.07 %
2018 Individual Dental 0.19% $355,489 $350,618 $121,902 $150,601 42.95 %
2018 Individual Limited Benefit 0.06% $91,953 $89,064 $37,783 $46,678 52.41 %
2018 Total Group Accident & Health 0.00% $933,751 $933,393 $320,237 $249,655 26.75 %
2018 Group Comprehensive Medical Expense - Association 0.03% $93,732 $95,467 $15,637 $12,190 12.77 %
2018 Group Specified Disease 0.49% $468,199 $469,031 $184,077 $143,506 30.60 %
2018 Group Accident Only 0.03% $107,121 $107,341 $34,673 $27,031 25.18 %
2018 Group Dental 0.00% $13,359 $13,332 $4,479 $3,491 26.19 %
2018 Group Limited Benefit 0.04% $251,340 $248,222 $81,371 $63,437 25.56 %

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
2020 Health 0.15% 6 126
2020 Life and Annuities 0.02% 0 0
2019 Health 0.10% 3 86
2019 Life and Annuities 0.01% 0 0
2018 Life and Annuities 0.01% 0 0
2018 Health 0.07% 2 78


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.