Trustage Life Insurance Reviews(Best Pros and Cons) in 2022.

If you’re looking to purchase term, whole life, or guaranteed issue whole life insurance for $100,000 or less, TruStage life insurance may be worth a look. This carrier mostly offers a 100% online application process, no any medical exams, and 30-day refund policy, and has a high consumer satisfaction rating. In Trustage life insurance reviews. pros and cons of trustage insurance.


  • No medical exam is required for most of the policies
  • Can apply for coverage online
  • 30-day money back guarantee on all policies
  • Term policies can be changed at any time
  • AD&D coverage for some credit union members


  • Premium increases at intervals of five years
  • Low coverage limit
  • No policy rider on term or whole life coverage
  • No universal life product

Key Feature of Trustage Life Insurance Reviews

  • You can buy term, whole life or guaranteed issue whole life policies completely online.
  • No medical examination or invasive testing is required.
  • Coverage is available for both term and whole life policies up to $100,000, although there are no rider options.
  • Coverage is 100% satisfaction guarantee with 30-day money-back option.

Company Description

TruStage insurance policies are underwritten by CMFG Life Insurance Company, which was established in 1935 and has over 20 million customers across the country. The company partners with over 3,500 credit unions nationwide to provide budget-friendly, personalized coverage at a discount to members. In trustage life insurance reviews.

TruStage is headquartered in Madison, Wisconsin, and offers life insurance policies that can be easily purchased online. If you are not satisfied with your policy, no medical examination is required and TruStage has a 30-day money-back guarantee. Who owns trustage insurance

Geographical restrictions

TruStage life insurance policies are available nationwide. However, not all policy features or coverage are offered in all states, and there are some differences in coverage limits from state to state. (For example, if you live in North Dakota, there is a one-year suicide exclusion, but all other states have a two-year exclusion.)

Year of establishment- 1935

Types of plans

Term, Whole, Guaranteed Acceptance Whole Life, Accidental Death and Dissolution (AD&D)

Number of plans – 4

Payment plan options- monthly, annually

Customer service

By telephone Monday to Friday (7 a.m. to 9 p.m. CST) and Saturday (8 a.m. to 4 p.m. CST), (851) 991-9798

Official website

Pros Explanation

No medical exam is required for most policies: Almost all applicants will be able to shop for (and even purchase) TruStage life insurance coverage without the need for a medical exam or invasive testing. Generally, there are some health related questions online that are needed.

Can apply for coverage online: It takes less than 10 minutes for most of the applicants to get the quotation and buy the policy online. The coverage starts as soon as the first premium is received.

30-Day Money-Return Guarantee on All the Policies: Not happy with your new TruStage policy? Cancel within the first 30 days of coverage and get a 100% refund. In trustage life insurance reviews.

Term policies can be converted at any time: If you decide that you need permanent coverage instead, you can convert your term life policy to a whole life policy at any time during the effective coverage period . No medical examination is also required.

AD&D Coverage for Some Credit Union Members: Although accidental death and dissolution (AD&D) coverage is not available online, TrueStage does provide this coverage to eligible members of some credit unions. In trustage life insurance reviews.

Cons explained

The Premium increases at the five-year intervals: TrueStage term life policies are renewable till age 80, but the premium increases every time you enter a new five-year band. This enables you to lock in your price for only up to five years at a time.

Low coverage limit: Most TrueStage policies have a maximum of $100,000 in coverage (though you may be able to speak with an agent and request a higher coverage limit). Depending upon your financial situation and also the needs of your loved ones, this may not be enough coverage to adequately protect them.

No Policy Rider on Term or Whole Life Coverage: TrueStage does not offer any rider on term or whole life policies. If you’re looking for a child rider, disability coverage, or even an accelerated death benefit, you’ll have to shop elsewhere.

No Universal Life Products: If you are looking to buy any type of universal life insurance policy, TruStage will not have what you need. In trustage life insurance reviews.

Available plans

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There are mainly four types of life insurance coverage offered by the TruStage:

  • Term life
  • Whole life
  • Guaranteed acceptance
  • Accidental death and dismemberment

You can generally buy term, whole, and guaranteed acceptance whole life policies online. However, the TruStage’s AD&D coverage is only offered to the members of certain partner credit unions, and cannot be purchased directly. In trustage life insurance reviews.

Simplified Issue Term Life

TruStage Term Life Insurance provides between $5,000 and $100,000 in temporary coverage; Higher coverage limits may be available if you call the carrier directly or if you apply through a participating credit union. It takes about 10 minutes to apply online, and doesn’t require any medical exams (just a few short health questions). Once your application is approved and your first premium is received, coverage starts immediately without any waiting period. In trustage life insurance reviews.

A term life policy can be converted to permanent coverage at any time during the coverage period of the policy, with no health questions. Policies can be canceled at any time, and there is a 30-day money-back guarantee if you are unhappy with your coverage for any reason.

One main thing to note is that while a TrueStage term life policy may provide you the coverage up to age 80, premiums can (and usually do) increase every time you hit a new age band. . These bands generally occur at five-year intervals occurring at ages of 30, 35, 40, 45, 50, 55, 60, 65, 70, and 75. Unlike other term policies where you can potentially lock the rate for 30+ years, you can expect your TrueStage premium to increase every five years. In trustage life insurance reviews.

Whole life

Like the TruStage’s term life policies above, you can also buy between the $5,000 and $100,000 in permanent (whole life) insurance coverage online. The application and instant decision process takes only a few minutes and no medical examination or invasive testing is required (in almost all cases).

Coverage is activated 30 days after approval when the first premium is received. If you are not satisfied with the policy, cancel within 30 days to receive a full refund without penalty. In trustage life insurance reviews.

Guaranteed Lifetime Acceptance

trustage life insurance reviews

With TruStage’s Guaranteed Acceptance Life Insurance Policy, you cannot be turned down for health reasons. This makes it possible for your loved ones to purchase the necessary coverage if you are between 45 and 80 years old, even if you have certain conditions in your medical history.

This permanent policy offers between $12,000 and $20,000 in life insurance coverage, which can be applied for and purchased online in minutes. No required of medical exams or invasive tests, and coverage begins as soon as premiums for your approved policy are received. There is a graded benefit of two years with this policy. In trustage life insurance reviews.

Accidental death and dismemberment

Accidental Death and Dismemberment coverage from TrueStage is only offered to eligible members through partner credit unions. If you are qualify, however, you can enroll for the complimentary AD&D coverage that protects your family if you are seriously injured or killed in a covered accident.

Additional benefits of this policy include additional coverage (family plans), increased benefit (your additional coverage limit increases by 5% each year for 10 years), and hospital coverage. The limits on AD&D policies vary depending on the credit union and your location. In trustage life insurance reviews.

Available Riders

No rider is available for TruStage Term, Whole, or Guaranteed Issue Whole Life Insurance policies. If you are eligible to purchase a TruStage AD&D policy, you may be able to add the following riders depending on your location and credit union:

  • Increasing profit
  • Hospital benefits
  • Additional Coverage (Family Plan)
  • Customer service

You can reach to the TruStage customer service Monday to Friday from 7 a.m. to 9 p.m. CST, or 8 a.m. to 4 p.m. on Saturdays. CST, by calling (855) 463-9027. You can also request a call with the TrueStage agent through their website if you would like the next available agent to reach you directly. In trustage life insurance reviews.

Complaint index

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The complaint index is a way to measure consumer satisfaction in relation to company size and market share. This score, provided by the National Association of Insurance Commissioners (NAIC), reflects how well a company is performing and the direction of its consumer satisfaction trend.

By default, the average complaint index for any given company is 1.00, adjusted for its specific market share. A company with an index score below 1.00 has received fewer complaints than expected in a given year; However, a complaint index above 1.00 indicates that more complaints were filed than expected. (So   a company with a 2.00 complaint index received twice the number of consumer complaints it should have received for its size and market.)

According to NAIC, TruStage’s parent company, CMFG Life Insurance Company, received a complaint index of 0.6170 in 2020. In the year 2019, their complaint index was nearly 0.9037 and in 2018, it was 1.068. This shows that the company receives average or less number of consumer complaints and complaints have been trending downward in recent years. In trustage life insurance reviews.

Third party rating

According to the AM Best, TrueStage’s parent company, CMFG, holds an A rating for the financial strength. This is the third highest possible score, and indicates that AM Best believes the company is financially stable. In other words, if you buy a policy today, there is a strong chance that the company will be around (and solvent) for you if and when your loved ones need to file a claim.

Additionally, Trustage has a rating of 4.8 out of 5 on TrustPilot with over 4,200 customer reviews. Common themes among reviews include helpful customer service agents, a simple application process, and ease of filing claims. In trustage life insurance reviews.

Cancellation policy in Trustage Life Insurance Reviews

You can cancel your TrueStage Life Insurance policy for a full refund at any time within the first 30 days after coverage begins.

Like most term life policies, you can cancel at any point of your coverage by simply calling the company or paying a premium. If you want to cancel a guaranteed issue or lifelong policy, you will need to call and speak to an agent. Depending upon your coverage options and how long the policy has been active, you will receive a cash settlement for your policy minus a surrender charge.


There are many variables involved in the pricing of life insurance coverage, from your location to your age, gender, tobacco use and medical history. Since TrueStage doesn’t require a medical exam as part of its underwriting process, you can expect prices to be slightly higher than some other carriers.

To give you an idea of   the cost, we’ve rounded up policies for $100,000 for 30- and 40-year-old men and women. We considered both term and whole life coverage to reflect the difference in pricing. In trustage life insurance reviews.

 Male, 30Female, 30Male, 40Female, 40
$100,000 term coverage*$42.50$32.50$65.60$44.50
$100,000 whole life coverage$83.00$69.00$122.00$106.00


To get an idea of   how TrueStage Insurance pans out, we compared it with another online-based career bestow. Like TrueStage, BESTO policies are also underwritten by a larger parent company (in BESTO’s case, the North American company for life and health insurance), and both carriers account for a very small share of the overall market share. Medical examination is not required by any company to buy the policy.

TrueStage offers more plans than Besto, however, Besto has four options to choose from. The complaint ratio of TrueStage through NAIC is also better.

Besto, however, scores higher in terms of AM Best ratings, with an A+ rating for TrueStage’s A rating. Besto also offers higher coverage limits on term policies with a maximum policy limit of $1.5 million. No company gives rider on its policy.

Methodology Trustage Life Insurance Reviews

trustage life insurance reviews

In order to provide a comprehensive review of each life insurance carrier, we have created a life insurance methodology that analyzes the company’s products, features, guidelines and ratings. We look at factors such as coverage availability across the country, individual policy limits, available riders and significant coverage exclusions, in addition to pricing. And we also evaluate various industry ratings and third-party reviews to make sure each carrier can provide reliable, reliable coverage.

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Faq about Trustage Life Insurance Reviews

Is TrueStage a real company?

TruStage insurance policies are underwritten by CMFG Life Insurance Company, which was established in 1935 and has over 20 million customers across the country. The company partners with over 3,500 credit unions nationwide to provide budget-friendly, personalized coverage at a discount to members.

What happens to the cash value of the whole life policy on death?

Whole life insurance is one type of permanent life insurance. When you pay your premiums, a portion of the money goes into the death benefit. The balance goes into a savings account, which makes up the cash value of your policy. This cash value adds up over time, and you may be able to use this amount over the course of your lifetime.

Does TrueStage Pay?

When you die, the trust collects payments, pays estate taxes and other expenses that may be due, and pays money to your beneficiaries—again, based on your instructions.

Does TruStage have a waiting period?

no exams, no waiting

Coverage that starts as soon as your first premium payment is received.

Thanks for reading trustage life insurance reviews.

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