TruStage Life Insurance Review


Rating: 8.9 / 10 (Excellent)
Disclosure: We receive advertising revenue from some partners. Learn more.
How is TruStage rated?
9/10
Financial Strength
10/10
Customer Experience
8/10
Policies
8/10
Flexibility
8/10
Help and Support
8/10
Online Presence

TruStage – Overview

Headquartered in Madison, Wisconsin, TruStage offers insurance products specifically geared toward credit union families. The company offers term and whole life insurance policies, in addition to AD&D, auto, and health insurance. TruStage provides credit union members straightforward, budget-conscious life insurance policies that also help the union build non-interest income.

TruStage specifically designed their application process and customer service considering most people are daunted by the prospect of buying life insurance. Although customers know they need it, they procrastinate because the procedure seems tedious and complicated. TruStage’s online application and licensed agents aim to make getting covered as quick, understandable, and pain-free as possible.

Company Reputation

TruStage is underwritten by CMFG Life Insurance Company. CMFG was founded in 1935 and has an excellent reputation as far as claims paying ability and creditworthiness. The company mainly provides insurance and financial services to credit unions and their members, as well as investment solutions, retirement planning, and employee benefits. In its history, CMFG has insured over 18 million people.

CMFG Life Insurance Company’s Financial Strength Ratings:

Rating Agency

Grade

Outlook

A.M. Best

A

Stable

Moody’s

A2

Stable

Standard & Poor’s

A

Stable

Policies

TruStage offers term, whole, and guaranteed acceptance whole life insurance policies. None of the options require a medical exam, though you will need to answer some medical questions. The term policies have the option of conversion to permanent at any time. 

 

Term Life

Whole Life

Guaranteed Acceptance Whole Life

Age

25-69

35-70

45-80

Coverage

$5,000 - $100,000

$1,000 - $25,000

$2,000 - $25,000

Medical Exam

No Exam, 2 questions

No Exam, several questions

No Exam and no questions

Cost

Increases in 5 year terms

Never increase

Never increase

Features

Quick approval

Lifelong coverage

Lifelong coverage
Cannot be turned down

Additional Features

TruStage life insurance policies offer a few optional riders that can be customized according to the customer. Some of these include:

  • Children’s Term Insurance
  • Children’s Whole Life
  • Waiver of Premium
  • Accidental Death Benefit
  • Guaranteed Insurability

Help and Support

TruStage representatives are available Monday - Friday, 7am - 9pm CT. Saturday, 8am - 4pm CT. The companies that back TruStage have more than 4,000 employees that are committed to putting the customer first. Over the years, TruStage has served millions with life insurance products and earned the trust of countless credit unions. 

Life Insurance with TruStage

TruStage provides credit union members a no nonsense and easy way to get life insurance coverage. When they say no medical exam, they actually mean it. Prospective customers can get access to reasonable life insurance quotes with just personal information and a few quick medical questions. If you are not a credit union member, the company provides educational materials and links to credit unions in order to apply. TruStage’s policies and discounted rates are only available to credit union members. 

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