TruStage life insurance products offer the convenience of an online application without undergoing an exam. But you pay for that convenience via higher prices (and possibly a two-year waiting period) compared to what you could get from other life insurance companies.
Their website is very user-friendly, and policyholders can manage their coverage online, which is very convenient. TruStage has excellent financial ratings and is endorsed by literally thousands of credit unions, which speaks volumes about its trustworthiness.
Overall, their products are competitively priced, and the buying experience is seamless. However, you can absolutely obtain similar coverage at a lower price from many of its competitors.
- You can view quotes online without needing to provide contact information, such as a phone number or email address.
- No medical examination is required.
- Thousands of positive online reviews.
- Prices are higher than most competitors.
- If you call them, their licensed agents ask for a lot of unnecessary information before providing a quote.
- Customers often report that it’s tough to qualify for their coverage with no waiting period.
AM Best’s Financial Strength Rating (FSR) is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The scores range from A++ to D-.
Moody’s Investors Service rates the creditworthiness of companies. The Moody’s Rating Scale has 21 possible scores ranging from “Aaa” (highest mark) down to “C” (lowest mark).
S&P Global Inc. issues credit ratings on a scale from “AAA” (highest rating) to “D” (lowest rating).
The Complaint Index compares a company’s performance to other companies in the market. The National Complaint Index is always 1.00. That means a company with a complaint index of 2.00 is twice as high as expected in the market. Reported scores are for the most recently available year and for “Individual Life” products.
The BBB rating is based on information BBB is able to obtain about the business, including complaints received from the public. BBB seeks and uses information directly from businesses and from public data sources. BBB assigns ratings from A+ (highest) to F (lowest). If a business has been accredited by the BBB, it means BBB has determined that the business meets accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints.
TruStage Life Insurance Policies
According to their products page, TruStage offers three different life insurance policies. None of them require a medical exam, and two of the three require you to answer health questions. You can view quotes and apply fully through their website or by speaking with a licensed agent.
Guaranteed acceptance
With TruStage guaranteed acceptance life insurance, you don’t have to answer any health questions because your approval is guaranteed. There is a two-year waiting period that will result in a refund of your premiums if you die during this time.
It’s a whole life policy, so the coverage will last your entire life, and the premium will never increase.
Whole life
TruStage whole life insurance is permanent coverage with a locked-in premium and death benefit. To qualify, you must complete a health questionnaire. If you’re approved, there is no waiting period, which means you will be fully covered (for natural or accidental death) the day the policy begins.
Term life
TruStage term life insurance is a temporary life insurance policy that has a premium increase every five years. You do have to answer health questions to qualify, and if approved, there is no waiting period. On your 80th birthday, the policy will terminate, leaving you uninsured, and you will not receive a refund of any premiums you have paid.
Seniors over 80 can get life insurance, but the options are limited, and it can get costly (especially if you have pre-existing conditions, which is common at this age).
How Much Does TruStage Life Insurance Cost?
Is TruStage The Best Place To Buy Life Insurance?
TruStage is a trustworthy company with decently priced life insurance products. Just like with the AARP New York Life Insurance program, if you’re willing to pay a moderately higher premium for the convenience of buying online, then TruStage is a good option to consider.
However, if cost is a key factor for you, consider other providers, as many of them are more affordable. Furthermore, if you have current or prior health issues, TruStage will likely only offer you a policy with a two-year waiting period (on top of a substantial price increase).
Ultimately, many other life insurance companies offer lower rates combined with more favorable underwriting. You could pay less and probably qualify for an immediate death benefit policy.
TruStage vs its competitors
Below is an interactive cost comparison chart showcasing how TruStage life insurance compares to other life insurance companies.
Frequently Asked Questions
TruStage is a reputable licensed insurance company with stable financial ratings. You can trust that they can and will abide by the terms of each policy they offer.
TruStage offers a variety of final expense life insurance options. They have guaranteed acceptance whole life, simplified issue whole life and term life. All policies pay out a tax-free cash benefit to the beneficiaries of your choice, which they can use to cover funeral costs, debts, or any other final expenses.
The only policy TruStage sells that has a two-year waiting period is their guaranteed acceptance whole life policy, which does not require you to answer health questions. All other life policies they sell have no waiting period if you’re approved.
You do not have to be a credit union member to buy any of TruStage’s life insurance products. They are available to anyone in the states where the products are approved for sale.
- Nationally licensed life insurance agent with over 15 years of experience
- Personal annual production that puts him in the top .001% out of all life insurance agents in the nation.
Anthony Martin is a nationally licensed insurance expert with over 15 years of experience and has personally served over 10,000 clients with their life insurance needs. He frequently authors entrepreneurial and life insurance content for Forbes, Inc.com, Newsweek, Kiplinger, and Entreprenuer.com. Anthony has been consulted as an expert life insurance source for dozens of high-profile websites such as Forbes, Bankrate, Reuters, Fox Business, CNBC, Investopedia, Insurance.com, Yahoo Finance, and many more.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
Choice Mutual often cites third-party websites to provide context and verification for specific claims made in our work. We only link to authoritative websites that provide accurate information. You can learn more about our editorial standards, which guide our mission of delivering factual and impartial content.
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TruStage’s guaranteed acceptance life insurance. https://www.trustage.com/life-insurance/whole-guaranteed
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TruStage whole life insurance. https://www.trustage.com/life-insurance/whole
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TruStage term life insurance. https://www.trustage.com/life-insurance/term
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Trustpilot. https://www.trustpilot.com/review/www.trustage.com
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A.M. Best. https://news.ambest.com/PR/PressContent.aspx?altsrc=3&RefNum=34182&URatingId=-1
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Moody's. https://www.trustage.com/about-us/financial-information
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S&P Global. https://www.trustage.com/about-us/financial-information
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BBB. https://www.bbb.org/us/wi/madison/profile/insurance-services-office/trustage-0694-23001629
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Google. https://www.google.com/search?sca_esv=1926c2955f272b3e&sca_upv=1&q=TruStage+Insurance+Agency&ludocid=10727437743832086001&lsig=AB86z5XGK_G3LJXsfCQBZRgKKBV5&sa=X&ved=2ahUKEwjptZ272uOHAxVbLTQIHS5tOSsQoAJ6BAgOEAc&biw=1920&bih=911&dpr=1#lrd=0x8807ae860a4d829d:0x94df83caa73ab5f1,1,,,,
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NAIC Complaint Index. https://content.naic.org/cis_refined_results.htm?TABLEAU=CIS_COMPLAINTS&Cocode=62626&REALM=PROD&Cocode=62626&REALM=PROD
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BBB Score & Accreditation. https://www.bbb.org/us/wi/madison/profile/insurance-services-office/trustage-0694-23001629
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products page. https://www.trustage.com/life-insurance
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through their website. https://www.trustage.com/life-insurance/quote?pr=bestfit