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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.

In this TruStage life insurance review, you’ll learn how their policies work, the cost, and the pros & cons of buying coverage through them.


TruStage Life Insurance Products Overview

TruStage offers three types of life insurance:

  • Guaranteed acceptance whole life
  • Simplified issue whole life
  • Increasing premium term life

Both of their whole life products offer lifetime coverage at a fixed cost. However, their term plan has a rate increase every five years, and it completely expires at age 80.

All their products allow you to apply 100% online without undergoing a medical exam.


TruStage Life Insurance Pros & Cons

100% online applicationPrices are higher than most competitors
No medical examination requiredLow amounts of term life insurance coverage offered
Quick underwriting decisionsStrict underwriting that seems to be challenging to qualify for
Backed by a financially sound life insurance carrierThe name of the actual life insurance company is difficult to find
Trusted by thousands of credit unionsOnly one insurance company to choose from
Easy to use website with good product informationNo add on riders available
Thousands of positive online reviewsOnly 1 policy option between 80-85
Potentially up to $100K of no exam whole life coverage offeredNo guaranteed acceptance coverage offered after 80
Competitively priced no-exam term coverageNo options at age 86+
Online access to manage your policy on their websiteNo coverage for children


TruStage Guaranteed Acceptance Whole Life Review

This is the plan that TruStage most heavily promotes. If you call them or respond to one of their online advertisements, they’ll most likely offer you their guaranteed acceptance insurance.

TruStage’s guaranteed acceptance coverage is a straightforward whole life policy with no health questions.

Regardless of your health, you cannot be denied.

It’s critical to understand that it will come with a mandatory two-year waiting period if you buy this plan.

If you die for any nonaccidental reason during the waiting period, TruStage will only refund your premiums plus 10% interest. You’ll have to live for more than two years before the policy will pay out the full death benefit.

Here’s a full highlight of the policy features:

  • Whole life insurance
  • No exams or health questions
  • Premiums won’t increase
  • Coverage won’t decrease
  • Policy won’t expire
  • Builds cash value
  • Available from ages 45-80
  • Coverage ranges from $2,000-$20,000
  • 2-year waiting period before you’re insured for the full amount
  • Not available in New York or Washington

Is this policy a good buy?

The short answer is no. There are two reasons why you should not buy TruStage guaranteed acceptance whole life insurance.

First, if for some medical reason you do need a guaranteed issue life insurance policy (which very few people do), then multiple other companies offer the same thing for a lower price. For example, AIGGerber, and Mutual of Omaha offer guaranteed acceptance coverage at a lower monthly rate.

For example, a 65-year-old female will pay $67.00 per month from TruStage for $10,000 in guaranteed acceptance coverage. Mutual of Omaha would charge $50.00, Gerber would charge $62.61, and AIG would charge $66.42.

Secondly, most people don’t need a guaranteed acceptance policy. Most people who need life insurance can apply with companies that have health questions, and they still get approved. That leads to coverage that has no waiting period and very likely a lower cost too.


TruStage whole life insurance review

TruStage whole life insurance requires you to qualify medically. There’s no exam, but you will have to answer health questions. Additionally, TruStage will analyze your medication history to understand your past health issues. If approved, you’re fully covered the day you make your first payment (no waiting period).

Here’s a full highlight of the policy features:

  • Whole life insurance
  • No exam is required, but you must answer health questions
  • Premiums won’t increase
  • Coverage won’t decrease
  • Policy won’t expire
  • Builds cash value
  • Available from ages 18-85
  • Coverage range varies based on age:
    • Age 18-70: $5,000-$100,000
    • Age 71-75: $5,000-$50,000
    • Age 76-85: $5,000-$25,000
  • No waiting period if approved
  • Not available in Montana or New York

Is this policy a good buy?

Yes and no. First, they do offer a lot of burial insurance coverage. Most final expense insurance companies will only sell up to $30K-$50K in coverage.

TruStage offers up to $100k if you’re 70 or younger. So if you want higher amounts of coverage, TruStage is a good option to explore.

From a pricing perspective, you can undoubtedly get lower whole life final expense insurance premiums elsewhere.

For example, Mutual of Omaha’s whole life burial insurance is less expensive. For a 70-year-old non-tobacco using female, TruStage will charge $154.25 per month for $25,000 in coverage.

Mutual of Omaha would charge only $128.29 per month.

Lastly, after speaking with dozens of clients who previously applied for TruStage’s whole life insurance, it seems as if their underwriting is rather strict.

So if you have some moderate to serious health issues, TruStage will likely decline you for their whole life plan.

It’s just like Colonial Penn life insurance for seniors. They make it sound nice on TV, but very few people seem to qualify.

It’s nice that they offer such large amounts of coverage with no exam requirement (like National Family Insurance), and you can apply online.

However, the price you pay for each $1,000 of coverage (if you qualify at all) is much more expensive than most other insurance companies.

Similar to Ethos final expense coverage, it sounds nice but you can do much better.


TruStage term life insurance review

TruStage term life insurance is an increasing premium policy with a rate jump every five years. On your 80th birthday, the policy completely expires where you no longer have coverage. This policy is not guaranteed acceptance. You must medically qualify. If approved, there is no waiting period.

Here’s a full highlight of the policy features:

  • Prices increase every five years
  • Term life insurance
  • Policy terminates at age 80
  • No exam is required, but you must answer health questions
  • Available from ages 18-69
  • Coverage ranges from $5,000-$300,000
  • No waiting period if approved
  • Not available in New York

Is this policy a good buy?

Yes and no. It’s a quick no exam policy that you can buy online in minutes. So if you need up to $300K in term coverage issued very quickly, TruStage’s term life is a great option to consider.

Also, it is competitively priced (before the rates increase) relative to other no-exam term life insurance options on the market. To get a much lower rate, you’ll likely need to apply with a company where you complete a medical exam.

If term life insurance is what you’re in the market for, TruStage has a decent product. However, if you need more than $300,000 in coverage, you’ll have to find another insurance company.

Also, if you plan on keeping your term coverage for the long haul, you should opt for a term policy with another company that has a fixed rate for the life of the term.

Just make sure you’re not buying a term life policy to cover funeral costs.

If you want life insurance to pay for a funeral, a term life plan is a bad idea because there is a very high chance you’ll live longer than 80. If you buy term and outlive it, you’ll have no coverage to pay for your final expenses.

Yes, seniors can get life insurance in their 80s, but the options are minimal. Plus, it can get quite costly because you’re in your 80s.


Who is TruStage life insurance company?

TruStage life insurance agency is the consumer-facing brand of CMFG Life Insurance Company. TruStage is not an insurance company.

CMFG Life Insurance Company underwrites all TruStage life insurance products. That’s not bad or alarming. Truthfully, most life insurance companies sell their products via licensed agencies.

TruStage has a unique position in the market because they exclusively partner with credit unions. It appears that they will not partner with traditional banks. At present, they have successfully partnered with over 3,500 credit unions across the nation. That said, noncredit union members are still eligible to purchase their coverage.

TruStage’s life insurance rating is “A” with A.M. Best, the third highest possible rating they could achieve.

You can find all of TruStage’s contact info below:

  • Corporate Headquarters: 5910 Mineral Point Road, Madison WI 53705
  • Phone: 1-877-649-1311
  • Website:


How to find the best life insurance policy for you

There are lots of reasons why people need life insurance. It could be to pay off a mortgage or other debt or just pay for your final expenses.

Regardless of your reason(s), it’s essential that you work with a broker that represents more than one insurance company. Ideally, they should partner with ten or more life insurance companies.

The biggest downfall by far with TruStage is that they only have one insurance company. They don’t have the freedom to shop other carriers to see if one of them could offer you a better plan. If TruStage doesn’t have a good offer for you (which is usually the case), you’re out of luck since they can’t offer you another insurance carrier.

It’s helpful to remember that life insurance companies battle one another via price and underwriting. Some life insurance companies charge higher prices to people with high blood pressure or diabetes. On the other hand, many companies won’t do that.

If you have diabetes or high blood pressure, you don’t want to be stuck with carriers that don’t have great offers for you. You want the companies that will look upon you favorably because that means you’ll get more coverage for the dollar spent.

This is why you need to work with an independent agency that can shop the market for you. The best part is that working with an independent agent is free. Their services cost you nothing. They get paid by the insurance company since, without the agent, they wouldn’t have a customer.

If you are looking for coverage to pay for your final expenses, call us at 1-800-644-2926. At Choice Mutual, final expense insurance is our specialty. In addition, we partner with over 15 different insurance companies to compare multiple offers to find you the best deal.

Below are some sample reviews of real customers we have helped in the past.

If you need term insurance for some reason, we may be able to help you. We’ll refer you to the right term life agency who can help you if we cannot.