The Truth About TruStage Life Insurance Reviews For 2024
Written by Daniel Ray, Life Insurance Expert |
✅
Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
If you’re looking for accurate Trustage life insurance Reviews, you came to the right place. Overall, it’s important to do your research and compare policies so your family receives a full death benefit.
Here at InsuranceForBurial.com, we offer reviews of the top life insurance companies so that you can make an informed decision about which company is best for you.
Just to be clear, we do not offer TruStage Guaranteed life insurance as it does not meet our vetting criteria.
TruStage Guaranteed Whole Life Insurance is a life insurance online company that makes it easy to get started without having to take a medical exam or provide a questionnaire.
In this article, we’ll be reviewing the trustage Guaranteed life insurance pros and cons.
We will take a look at TruStage life guaranteed issue life insurance, TruStage permanent life insurance, and TruStage life term life insurance policies.
It is mostly not affordable life insurance because the price of their policies is higher than those from other life insurance companies but they do give you more convenience since there are no exams and questions depending on the life insurance products.
Keep reading to learn more!
Is TruStage a Real Company
TruStage insurance agency is the consumer-facing brand of CMFG Life Insurance Company, a wholly-owned subsidiary of CUNA Mutual Group. In fact, Trustage is not an insurance company, but an agency.
Currently, TruStage partners exclusively with credit unions, and it appears that they won’t partner with traditional banks.
Since they partner exclusively with credit unions, they hold a unique position. Nevertheless, non-credit union members can still purchase their term life coverage.
Trustage Whole Life Insurance Ratings
AM Best, BBB Ratings
- “A” Excellent rating with AM Best
- NOT Accredited with the better business bureau, has a Customer Review Rating of 2.33/5 which is really bad!
- Customer Complaint Index of .862, the most reputable insurance agency score close to 1.00
With a BBB Customer Review Rating of 2.33/5, I would look elsewhere for coverage.
What Products Does TruStage Offer
Trustage’s products are tailored to meet the life insurance needs of individuals aged 18 to 85.
In fact, the company has three different types of policies that can be purchased, each with its own unique features and benefits:
- The Guaranteed Acceptance Whole Life Insurance allows you to apply without undergoing any medical exams, and it will be accepted regardless if your application is denied elsewhere.
- The Simplified Issue Whole Life also offers whole-life coverage at a fixed cost
- Lastly, there’s an Increasing Premium Term that provides continuous financial protection until auto-renewals occur after each anniversary date has passed
What You Need To Know About TruStage Guaranteed Acceptance Whole Life Insurance Review
TruStage’s guaranteed acceptance coverage is a straightforward whole-life policy with no or few health questions. It doesn’t matter what your situation is, you can never be denied!
With the TruStage guaranteed acceptance whole-life policy, your premiums are refunded if death occurs due to illness during the waiting period.
However, for accidents, it pays on day one. You will only receive 10% interest on top of that but it’s enough time before having this coverage!
What is trustage whole life insurance?
Highlights, Policy Features, and does this policy have VALUE?
This policy has the typical features of its competitors. For example:
- Available from age 45 to age 80
- Coverage limits are available from a minimum of $2,000 to a maximum of $20,000
- Premiums will NEVER increase; Coverage will NEVER decrease
- True lifetime policy so it will not expire, EVER!
- No medical exam is required on our life insurance carriers
- Zero health questions
- Cash value accumulation
- The 2-year waiting period, ROP on death due to illness, and accidental deaths payday one
Keep in mind, WE DO NOT offer Trustage Guaranteed Whole Life insurance as there is no circumstance where they come out better than their competitors!
In fact, we replace this policy often for clients under the 2-year waiting period.
👇Take a break, see what our clients are saying about us👇
Is this policy a good value?
TruStage Guaranteed Whole Life Insurance is not worth it.
For one thing, most people who need life insurance can get approved by companies that have health questions and still pay less for their policies than those on guaranteed acceptance plans.
It’s also important to note how few individuals actually qualify as needing this type of coverage – only about 1 out 10 applicants do!
How about other TruStage Whole Life Insurance Reviews
TruStage guaranteed whole life insurance is not an ordinary product. It requires you to qualify medically and provides information about your past health history before they’ll cover anything, but it’s worth the effort!
The process starts by asking some basic questions like “Have I ever had major surgery?” or,” What medications am I taking now?”.
This gives them insight into possible complications from certain conditions that may arise in the future if left untreated- something everyone wants protection against right?
Once approved for coverage (no waiting period!)you’re fully protected.
Policy Features For TruStage Whole Life
- Traditional Whole Life Policy with ZERO waiting period once approved
- Premiums will NEVER increase; Coverage will NEVER decrease
- True lifetime policy so it will not expire, EVER!
- Cash value accumulation
- Available from age 18 to age 85
However, your current age will determine how much coverage you will be able to get.
- For ages 18-70; the Coverage range will be $5,000-$100,000
- Ages 71-75; Coverage range will be $5,000-$50,000
- Ages 76-85; Coverage range will be $5,000-$25,000
Here at InsuranceForBurial.com, we offer coverage from $1,500 to $50,000.
How is the VALUE of TruStage Whole Life
First, they do offer a lot of burial insurance coverage. So if you want higher amounts or just need to purchase it at all then Trustage Insurance is an option worth exploring for yourself!
From a pricing perspective – think lower whole-life final expense insurance premiums from elsewhere in this industry- there’s no doubt that other insurance companies will give better deals than what we found here.
Pros of TruStage Life Insurance Reviews:
No medical exam required:
TruStage does not require a medical exam for its applicants, which is a huge bonus. If you do not have health insurance, you can still get coverage with this life insurance policy.
Policies as low as $10,000:
The policies offered by TruStage are affordable and affordable to everyone. You can find the best rate possible by using their online application process.
Easy apply online application:
The application process is straightforward and only takes a few minutes to complete each step.
If you have never applied for life insurance before or if this is your first time applying online, this process will be simple for you.
Instant approval:
Once you apply for TruStage, they will send an instant approval letter to your email within 24 hours of submitting your application! It means that you can purchase life insurance immediately!
They also give you 30 days from when they receive your application to pay the premium before they cancel your policy, keeping in mind that there are never any cancellation fees associated with buying from this company!
Compare life insurance quotes today!
What is trustage term life insurance?
How are TruStage Term Life Insurance Reviews
TruStage Term Life Insurance is the perfect policy for people who want to be covered no matter what happens in their lives.
The rate will increase every five years, but on your 80th birthday this coverage completely expires- so make sure you get it before then!
TruStage Term Life Features and Value
It is important to understand the features if you are entertaining buying a term life through TruStage. This product is much like Globe Life’s term.
1) Minimum coverage $5,000; Maximum Coverage $300,000
2) Age of availability: 18-69
3) The policy WILL terminate at age 80
4) The price WILL increase every 5 years
5) No medical exam is required, however, you will answer basic health questions
6) If approved, coverage is immediate
TruStage Term Life Insurance Rates and Value
Trustage is a great option if you need quick coverage. It’s competitively priced and doesn’t require an exam, but there are some exclusions that may apply so make sure to read the fine print before buying life insurance!
If you’re shopping for term life insurance, Tru Stage has a product that will suit your needs.
However, if more than $300K is required coverage and need it soon because of an upcoming event or instant decision then be sure to look elsewhere like American Amicable Term Made Simple product.
Life insurance for seniors can be a costly and complicated affair. term life plans are usually not the best option because there is always an increased risk that you will outlive your coverage period, which means no money to pay final expenses should something happen later down the line!
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Frequently Asked Questions
What is TruStage Life Insurance?
TruStage is a life insurance provider that offers affordable policies designed to provide financial protection for families. They offer a range of life insurance products, including term life, whole life, and guaranteed acceptance whole life insurance policies.
How does TruStage differ from other life insurance providers?
TruStage focuses on providing affordable and simple life insurance policies for everyday individuals and families. They prioritize ease of application, acceptance of applicants with various health backgrounds, and a user-friendly experience. TruStage is backed by CUNA Mutual Group, a financially stable and trusted insurance company.
What types of life insurance policies does TruStage offer?
TruStage offers three main types of life insurance policies:
- Term Life Insurance: Provides coverage for a specific period of time (e.g., 10, 20, or 30 years).
- Whole Life Insurance: Provides lifetime coverage with level premiums and a guaranteed death benefit.
- Guaranteed Acceptance Whole Life Insurance: Provides lifetime coverage without a medical exam or health questions, for individuals between 45 and 80 years old.
How can I apply for a TruStage Life Insurance policy?
You can apply for a policy online by visiting their website or by calling their toll-free number. The application process is quick and easy, with most policies requiring only basic personal information and a few health-related questions.
Is a medical exam required for?
A medical exam is not required for all TruStage policies. Their Guaranteed Acceptance Whole Life Insurance policy, for example, requires no medical exam or health questions. However, for other policies such as Term Life and Whole Life, underwriting decisions may require a medical exam depending on your age, coverage amount, and health history.
How much does a policy cost?
The cost of a TruStage Life Insurance policy depends on several factors, including the type of policy, coverage amount, term length (if applicable), and the applicant’s age, gender, and health. To get an accurate quote, visit the TruStage website or contact their customer service.
Can I trust TruStage with my personal information?
Yes, TruStage Life Insurance is committed to protecting your personal information. They use advanced security measures to safeguard your data and follow strict privacy guidelines.
How do I file a claim?
To file a claim with TruStage Life Insurance, contact their claims department by phone or online. You will need to provide the policy number, insured person’s name, date of birth, date of death, and a certified death certificate. The claims process is designed to be straightforward and efficient.
Is TruStage a good fit for me?
TruStage Life Insurance may be a good fit if you’re looking for affordable and easy-to-understand life insurance coverage. To determine if TruStage is the right choice for you, research their policy options, compare their rates with other providers, and read customer reviews to better understand their customer service and claims process.
Where can I find more information about TruStage?
For more information, visit their website.
Conclusion
InsuranceForBurial.com has a team of experienced insurance licensed agents passionate about finding the best life insurance policy for you, no matter your health or current condition.
We have a great deal of experience in this field, and we’re dedicated to providing the best possible service to our customers.
Our founder has over 26 years of experience helping clients with insurance needs at our company. We are licensed in 49 states and only represent top-rated A+ insurance companies.
While the TruStage insurance policy is a good option for some, there are better life insurance policies available on the market. If you are interested in finding Trustage offers more life insurance coverage at a lower cost, we suggest getting our life insurance quotes from us.
We can help you find the best policy for your needs and budget, so don’t hesitate to contact us today.
