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2023 Trustage life insurance reviews

TruStage life insurance reviews: a solid company, but more expensive compared to other online life insurance providers, limits $100,000, and offers 5-year terms


Trustage life insurance reviews bbb

trustage life insurance reviews bbbAs you search for an online life insurance provider, chances are you will encounter TruStage. This company is a popular insurer under its parent company known as CUNA Mutual that has been in the business since 1935. CUNA is a mutual life insurance provider that offers products and services to members of the associated credit unions. 

TruStage life insurance’s BBB rating is A+. This is because it is backed by CMFG Life, a company that has an extremely solid financial outlook as compared to other institutions that the Better Business Bureau has evaluated. The reputation and customer experience of TruStage life insurance has been rated 4.8 out of 5 stars. 

trustage term life insuranceTrustage Term life insurance

Just like other insurance providers TruStage term life insurance also offers an instant term life plan, which is becoming a popular type of insurance plan today. The use of AI technology makes it easier for people to apply for instant issue life insurance online. Aside from the application, you can make an online comparison from different insurers and coverages available. 

Trustage Whole life insurance reviews

Trustage Life Insurance offers a variety of life insurance options, including whole life insurance. Customers have praised the company for its affordable rates and easy application process. However, some have noted that more than the coverage amounts may be needed for their needs. It’s essential to consider your financial situation and coverage needs carefully before choosing Trustage or any life insurance provider.

Pros and Cons of Trustage insurance

pros and cons of trustage insuranceIf you want to know more about the advantages and disadvantages of TruStage insurance, here is a comparison of the rates to other online providers in the market. For example, there is a male applicant who is 45 years of age, a non-smoker who is looking for instant life coverage of at least $150k. 

TruStage term life insurance, in comparison to the other three online insurers, namely Foresters, Phoenix/Nassue RE, and Fidelity, offer instant life insurance. Still, TruStage increases its premium every five years that depending on the applicant’s age. Also, it has the most expensive monthly premium of $95.00 among the other three insurers. The Foresters offer $58.50, Fidelity $69.77, and Phoenix $78.84 using the applicant’s same information. 

The Good Side

  • The company offers mutual life insurance, and the advantage of this type of company is that it can provide more benefits to its insured. Also, the policyholders own the mutual company and have more power, and services are customer friendly. 
  • People looking for an easy application process can count on TruStage term life assurance as they reduce the time of underwriting and simplified operations on medical exams, policies, and an instant issue. 
  • The fact that the company works with credit unions makes them more attractive for looking for an insurance policy because they are a non-profit company. There is a growing trend for credit unions and creating a vast market for mutual life coverage.

The Bad Side

  • As you have seen from the above data, TruStage term life insurance offers a higher premium of about 38% higher than other online insurers in the market. Aside from affordability from competitors’ insurance coverage, most of them ensure a steady monthly premium for the plan’s entire period. 
  • As mentioned earlier, this insurer provides a changing monthly premium every five years, depending on the insured’s age. Simultaneously, other competitors such as Fidelity and Forester assured the same amount for the rest of the plan. It is vital always to read the fine print to know the truth. 
  • TrusStage does not disclose that they have two-year exclusion of guaranteed issues in case of death caused by illnesses and other natural death. This process is also known as graded benefits expected for policy under guaranteed issue for whole life coverage. In case of death through natural causes, the beneficiary will get refunded premiums and the policy’s interest instead of paying for the death benefit. 
  • Another drawback is that the company’s policy coverage is not available for comparison, unlike other competitors. The reason is that TruStage will direct you to the CMFG Life sales platform, which does not allow comparison quotes. It is good to consider the service of an independent agency as you search for the best insurance coverage to acquire adequate information about the pricing and quality of the policy.

Trustage car insurance reviews

While Trustage offers life insurance options, they do not provide car insurance. Researching and comparing different car insurance providers is essential to find the best coverage and rates for your needs. Consider factors such as your driving record, the type of car you have, and your budget when choosing a car insurance provider.

Trustage claims reviews

Trustage Life Insurance reviews has been mixed from customers regarding their claims process. Some customers have reported a smooth and efficient claims process, while others have experienced delays and difficulties receiving their payouts. It’s important to carefully review the terms and conditions of your policy and ask any questions before signing up for Trustage or any life insurance provider. Additionally, consider reading customer reviews and researching the company’s reputation before deciding.

Is Trustage a reputable company

Is TruStage a worthy investment?

Is Trustage a reputable companyQuality is not a massive issue for TruStage, but the concern is more in their instant issue life insurance with an increasing monthly premium and how they advertise their products. When it comes to the overall rating, the company has good ratings with few complaints, just like any other online insurers today. 

Trustage burial insurance

Trustage burial insurance is a type of life insurance policy that offers protection to your loved ones in case of death. This insurance policy includes a death benefit and cash value that can be used for funeral expenses and provides a financial cushion for survivors. Trustage also offers riders to enhance your coverage, such as guaranteed issue policies and additional living benefits.

Compare and buy life insurance

Is it ok not to respond to the letters sent by TruStage?

The company is in partnership with credit unions, so you are now part of their marketing campaign by sending you direct emails. The letters sent through the mail are just part of their marketing strategy to promote their products and services, so you should not feel any pressure to respond to these letters.  

Frequently Asked Questions

Is TruStage a reputable company?

TruStage is a reputable company that offers a variety of insurance products, including life, auto, and home insurance. They have been in business for over 80 years and are backed by the financial strength of their parent company, CUNA Mutual Group. However, as with any insurance company, it's essential to research and compares quotes to ensure you get the best coverage and price for your needs.

What is the rating of TruStage?

TruStage has an A+ rating with the Better Business Bureau (BBB).

Meet the team

About Coach B.

After starting his financial career with Phoenix Home Life Insurance Company back in 1992, Scott decided he wanted to provide people with an easier and more enjoyable way to buy life insurance. That was the start of Coach B. Life Insurance, whose mission is to be transparent, honest, and helpful to customers — without ever bugging or pushing them.

In the years since then, he has worked tirelessly to improve the process of shopping for insurance. His goal is to make sure that everyone who comes to Coach B. — whether they end up buying a policy or not — has the best possible experience.

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