AFI says the 73-year-old Oscar winner will receive the award in June.
Freeman has received many awards throughout his career, including the Kennedy Center Honor in 2008. He was nominated for an Academy Award and a Golden Globe for his portrayal of Nelson Mandela in 2009’s “Invictus.”
Freeman can next been seen in the thriller “Red.”
He is the 39th recipient of the AFI Life Achievement Award. Others include Alfred Hitchcock, Bette Davis, Jack Nicholson, Steven Spielberg and Martin Scorsese.