TruStage Insurance Agency is part of the CUNA Mutual Group, whose policies are underwritten by CMFG Life Insurance Company. CMFG has been around for more than 80 years and is headquartered in Madison, Wisconsin.

The whole life insurance coverage amounts available from TruStage will vary by age. Quotes are available online. The rate will never increase and the death benefit is also guaranteed. But there is a 30-day waiting period after the purchase before coverage begins.

What is covered. TruStage Accidental Death and Dismemberment (AD&D) Insurance pays a cash benefit if you die in a covered accident. It also pays benefits for covered injuries caused by an accident, including loss of eyesight, hearing, or speech, or the loss of a hand, foot, eye, thumb or index finger.

TruStage Life Insurance is one of the many products offered in our comprehensive insurance suite and provides credit unions and financial institutions with a simple and efficient program to help address their members' needs. Key benefits: Accessible: No medical exam required to access our term and whole life insurance.

TruStage reports that it currently provides coverage to 20 million policyholders. Its underwriter, CMFG Life Insurance Company, is also huge in terms of financial size. A.M. Best places the carrier in the $2 billion or greater financial size category.

The policy usually builds cash value over time - see more about that below. The cash benefit paid by life insurance is almost never counted as taxable income, meaning your chosen beneficiary (the person or people whom you choose to receive the life insurance money) will pay no taxes on it.

Depending on the type of life insurance policy you are purchasing, and a number of other factors, a life insurance application can be completely filled out and approved within 24 hours or could take a few weeks or even months.

14 to 60 days After you file a claim, you should be paid in 14 to 60 days. In rare cases, the insurance company may take longer to investigate a claim. This usually happens if the insured person dies within the first two years that the policy was active.

Whole life insurance guarantees payment of a death benefit to beneficiaries in exchange for level, regularly-due premium payments. The policy includes a savings portion, called the “cash value,” alongside the death benefit. In the savings component, interest may accumulate on a tax-deferred basis.

Life insurance policy benefits can be used to help pay for final expenses after you pass away. This may include funeral or cremation costs, medical bills not covered by health insurance, estate settlement costs and other unpaid obligations.

trustage.com's top 5 competitors in September 2023 are: cunamutual.com, ethoslife.com, libertymutual.com, policygenius.com, and more.

Ranking of the 20 largest insurance companies according to Forbes