TruStage Life Insurance Review & Ratings (2023)
This TruStage Life Insurance Review will cover TruStage Life Insurance ratings by real users for overall satisfaction and claims, cost, billing, and service satisfaction. To compare insurance rates from the best companies in your area, enter your ZIP code below.
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Written by
Chris Tepedino |
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Reviewed by
Laura Walker
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UPDATED: Jun 20, 2022
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- TruStage Insurance Agency offers term, whole, and guaranteed acceptance life insurance policies
- TruStage offers accidental death and dismemberment coverage as an insurance rider or as a standalone policy
- The company garners an A (Excellent) rating with A.M. Best
TruStage Insurance Agency offers life insurance and other insurance products to its policyholders. TruStage life insurance products are issued by CMFG Life Insurance Company.
TruStage offers term, whole, and guaranteed acceptance life insurance products, along with accidental death and dismemberment (AD&D) coverage.
You can search for the best insurance companies in your area and check out their monthly rates to see how much you might pay for life insurance.
As you search for life insurance coverage options, be sure to use our free tool above to compare rates from top companies in your area and see how much you could save.
What are TruStage’s life insurance products?
As far as life insurance goes, TruStage offers term, whole, and guaranteed acceptance whole life insurance options.
TruStage’s term life insurance plans are for terms anywhere from 10 to 30 years and feature:
- No requirement for medical exams or tests
- Immediate coverage upon the first installment of your premium payment
- A death benefit paid out to beneficiaries within 90 days of your death
- A cancellation option for the first 30 days of your term life insurance plan
- The option to convert your term life insurance to a whole life insurance policy at any time
With TruStage’s whole life insurance policies, you can expect:
- A locked-in rate that will not increase with age or with declining health
- Lifetime protection as long as premiums are paid on time
- An easy application process that requires minimal answers to health questions
If you have medical concerns that have kept you from applying for life insurance coverage, or if your health status has caused you to be denied life insurance coverage, you may be interested in TruStage’s guaranteed acceptance whole life insurance.
With a guaranteed acceptance policy, you will not be denied because of your health status, and TruStage will not require you to answer any health-related questions or undergo a medical exam.
For something like a guaranteed acceptance policy, you can expect your rates to be higher than average because you are avoiding a medical exam.
You are also likely to receive a smaller death benefit, depending on the plan you choose.
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How much are life insurance rates with TruStage?
It’s hard to know how much you would pay for life insurance rates with TruStage or any other life insurance company. Your rates will be based on a number of factors, including your age, gender, health status, the term you’re looking for, and the death benefit you want.
A sample table of average monthly rates for a 20-year term life insurance policy is below.
Average Monthly 20-Year Term Life Insurance Rates by Age, Gender, and Coverage Limits
| Age & Gender | Average Monthly Rates for $500,000 Death Benefits | Average Monthly Rates for $750,000 Death Benefits | Average Monthly Rates for $1,000,000 Death Benefits | Average Monthly Rates for $2,000,000 Death Benefits |
|---|---|---|---|---|
| 50-Year-Old Female | $71.03 | $103.64 | $128.87 | $250.87 |
| 50-Year-Old Male | $93.23 | $136.94 | $174.13 | $340.64 |
| 60-Year-Old Female | $102.37 | $149.34 | $189.50 | $373.49 |
| 60-Year-Old Male | $138.64 | $204.05 | $255.08 | $504.64 |
| 70-Year-Old Female | $295.61 | $440.76 | $556.17 | $1,089.38 |
| 70-Year-Old Male | $444.63 | $664.29 | $846.83 | $1,676.36 |
| 80-Year-Old Female | $1,375.68 | $2,061.10 | $2,573.20 | $5,086.77 |
| 80-Year-Old Male | $1,776.11 | $2,661.75 | $3,455.01 | $6,901.88 |
If you are in your 20s or 30s when you purchase a term life insurance policy, you can expect to get cheaper monthly rates. Additionally, your rates will be different if you are looking for a whole life policy rather than term life insurance.
Does TruStage have any add-ons for life insurance?
TruStage offers AD&D coverage as an add-on for a life insurance policy or as a separate policy you can purchase on its own.
TruStage’s AD&D coverage pays a cash benefit if you have an accidental death or if an accident causes you specific permanent injuries. This coverage includes:
- Guaranteed acceptance with no medical exam
- Cost-effective monthly rates
- A cash payout that is often not subject to income tax
- Coverage at home, at work, or as you travel
AD&D coverage is the only add-on TruStage lists on its website for life insurance. As you search for life insurance, you can shop around for additional companies that may have more riders that interest you.
Can I use the TruStage website to file a claim?
TruStage policyholders can file insurance claims in a variety of ways, including via the TruStage website.
If you need to file a claim, you can use your TruStage life insurance login to access your personal information and your life insurance policy. From there, you can file a claim, check the status of a claim, change any of your personal information, and more.
You can also file a claim with TruStage by calling the company and speaking with a representative over the phone.
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Does TruStage have good ratings and reviews online?
TruStage has ratings the company can be proud of, with an A (Excellent) rating from A.M. Best with regard to its financial strength and a stable outlook. This rating is for TruStage’s parent company, CMFG Life.
CMFG also garners high praise from the Better Business Bureau, with an A+ rating and nearly a three out of five for TruStage life insurance reviews from customers, which is quite high.
Should I buy life insurance with TruStage?
With over 100 years of experience, great ratings, and positive customer reviews, TruStage is a good company to consider if you’re looking at purchasing a life insurance policy.
But you should not purchase a policy from any company before doing your homework and comparing rates from multiple companies in your area.
This will help you make sure you’re getting the coverage you want and need without overpaying.
In fact, you can use our free tool below to find and compare life insurance rates from great companies in your area to see what works best for you and your loved ones.