TruStage Life Insurance Review

TruStage offers both term and whole life insurance products, neither of which require a medical exam.
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Written by Brian Greenberg
CEO / Founder & Licensed Insurance Agent

Last updated: July 18th, 2022

Reviewed by Grant Desselle
Licensed Insurance Agent

TrueStage Life Insurance Agency

TruStage Life Insurance Agency operates as a subsidiary of CMFG life, who underwrites its policies by partnering with other insurance companies. Historically, its products have been marketed through credit unions, which is how the company was initially formed in 1935. While this tradition continues to the present, its products are available to anyone.
Their guaranteed-acceptance plans may appeal to those struggling to receive acceptance from other life insurance providers.
This, of course, is their ideal niche. Since this is not the most affordable life insurance out there, TruStage appeals to customers who need life insurance with few questions asked. Healthy applicants may find better options elsewhere, but if you’re older or have some disqualifying health conditions, TruStage can be a welcome—albeit last resort—option to provide coverage for you and your beneficiaries.

Customer Service Phone1-866-317-1138
Parent Company
AddressCuna Mutual Group
5910 Mineral Point Road
Madison WI 53705
BBB RatingB+ (view)

What We like

Guaranteed Acceptance

TruStage offers guaranteed acceptance policies, which means that customers can always rely on these policies if they have been denied coverage elsewhere.

No Medical Exam

None of TruStage’s policies require a medical exam for approval, though there may be some medical questions involved to set the premium.

Online Quotes Available

TruStage offers an easy-to-use, mobile-friendly website with a calculator for obtaining online quotes for some of its policies.

Competitively Priced Whole Life

The whole life product is well-priced, goes up to $100,000 in coverage, and has a simple online application process.

Instant Approvals

If you want a policy today, TruStage is an easy option.

What We Don’t Like

Limited Coverage For Term Insurance

TruStage offers low coverage amounts, with their term policy capped at $300,000.

No Riders

No riders are available to customize their policies.

Higher Cost For Term Insurance

Their term product is best for those in average to below-average health. There are few health questions and approvals are provided instantly.


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TruStage provides both term and whole life options, but their term life product does not offer traditional term periods.

Term Life

TruStage takes a different approach to its term life insurance policies. With most companies, you choose your term length, usually a 10, 20, or 30-year policy. With TruStage, you don’t select a term. Instead, your policy expires once you turn 80.

Additionally, your premiums will increase once you reach the 5-year age brackets: 25, 30, 35, 40, 45, 50, 55, 60, 65, 70 and 75. To clarify, these increases coincide with the age of the policyholder, not the age of the policy. This might be a turn-off to those expecting level premiums for a longer period than five years.

No Medical Exam

As with TruStage’s other policies, there are no medical exams.

Few Health Questions

The application has just 2 health questions.
TruStage Term Life Health Questions

Easy to Qualify

The tradeoff for paying more in premiums that increase every 5 years, is that there are few requirements for approval.

Option to Convert to a Permanent Policy

TruStage allows you to convert all or part of your coverage to whole life at any time after the policy is in force. No health questions asked.

Limited Benefit Amount

TruStage’s term life policies are capped at a max of $300,000. This is actually reasonably competitive for a simple-issue policy, but applicants seeking greater coverage might find better values through traditional underwriting at another company.


While the policy is easy to qualify for, you pay considerably more in premiums.

Rates Increase Every 5 Years

This is not a guaranteed-level policy. The coverage amount stays the same, though the premiums increase every 5 years.

Whole Life

TruStage’s whole life insurance offers permanent, lifelong protection, with a benefit and premium that remains locked in from the date of issue.

No Medical Exam

No medical exam is required, though you will have to answer some medical questions prior to approval.

Limited Coverage

This whole life product offers limited coverage, ranging from $1,000 to $100,000. This may make it ideal for a form of final expense insurance, though customers looking for a larger death benefit may wish to look elsewhere.

Guaranteed Acceptance Whole Life Insurance

TruStage offers guaranteed whole life insurance for applicants 45 and older. These policies offer limited coverage (a maximum of $25,000), but rates stay locked in for life and they cannot be turned down due to their health.

Online Application

The application takes minutes to complete.


Pricing may be higher than competitors. The policy may have a waiting period.


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TruStage’s prices make them a bit of a last resort to those who are struggling to find coverage elsewhere.

A healthy, 30-year-old male looking for term life coverage can expect to pay over $40.00 a month through TruStage. And without level premiums, these rates will increase every 5 years and can rise dramatically with age.

Higher Costs for Simple-Issue Insurance

Even for simple-issue insurance, TruStage is costly. These plans will only appeal to those who struggle to meet the approval standards of other companies, making TruStage a bit of a costly last resort.

Poor Overall Value

TruStage only offers coverage up to $300,000. Additionally, they provide no riders with which to customize your insurance plan. Many customers may wish to look elsewhere for policies with greater benefits and customizable features.

35 Year Old Male$46.50 Monthly$100,000 Term Policy
35 Year Old Male$48.00 Monthly$40,000 Whole Life Policy
55 Year Old Male$170.50 Monthly$100,000 Term Policy
55 Year Old Male$128.00 Monthly$40,000 Whole Life Policy

Check prices with TruStage competitors/alternatives use our comparison engine


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Despite some other shortcomings, TruStage has a solid financial ranking.

TruStage (CMFG Life Insurance Company) has been given favorable ratings from the following agencies:

  • A.M. Best Rating: A
  • S&P Rating: A+

This means that customers can have confidence that the company will follow through with its promises and benefits.

Total Annual Insurance Premiums$1,300,488,500
Annual Individual Life Insurance Premiums$546,296,988
Annual Revenue$4.12 Billion
Fortune 1000 Revenue Rank#615


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TruStage received slightly fewer customer complaints than average.

The majority of complaints filed against insurance companies are done through the customer’s state department of insurance.

The National Association of Insurance Commissioners performs periodic reviews of the complaints received by all the state departments of insurance. A score of 1.0 indicates an average number of customer complaints. This means a company with a complaint index of 2.0 has a complaint index that is twice as high as expected in the market. A company with a complaint index below 1.0 has fewer complaints than the average.

Total Complaints Filed with State Insurance Departments13
NAIC Company Complaint Index Score0.49
National Index Complaint ColorGreen = 51% less complaints than average
Better Business Bureau TruStage BBB Complaints Page

TruStage has fewer complaints than most insurance companies, which is a good sign for potential and current policyholders.


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TruStage has above average customer ratings.

TruStage has reviews at the following third parties.

TruStage Life Insurance Agency has amazing reviews from its customers. This is a credit to the simple online application and access to your policy in the online portal. Customers find it easy to make payments and manage their policies.

The negative reviews are primarily regarding TruStage sending an inordinate amount of sales emails. Some customers reference the prices were higher than quoted, which is not unusual because there are health questions.

Insurancy Recommendation

The TruStage term product rates increase every 5 years.  If you are looking for term life insurance, first look at guaranteed-level term products that have 10, 15, 20, or 30-year terms.

The TruStage whole life product is competitive with a simple online application. Depending on how you answer the application questions determines if the death benefit has a waiting period. We like that there is a guaranteed acceptance.

Definitely compare pricing with other companies on our comparison engine.

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