TruStage Life Insurance Review & Ratings (2024)
Discover the perfect coverage for your financial security and peace of mind with TruStage Life Insurance. Read through comprehensive review & ratings, compare quotes, and explore a wide range of coverage options. Make an informed decision to protect your loved ones with reliable life insurance that suits your unique needs and circumstances.
Read moreDani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
UPDATED: Sep 29, 2024
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Sep 29, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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TruStage Life Insurance
Average Monthly Rate For Good Drivers
N/AA.M. Best Rating:
A (Excellent)Complaint Level:
LowPros
- Diverse policy options
- Transparent processes
- Customer satisfaction
- Flexible coverage
- Competitive rates
Cons
- Limited policy customization
- Online-only application
- Limited investment options
- Limited term length options
- Limited additional benefits
With over 100 years of experience, great ratings, and positive customer reviews, TruStage is a good company to consider if you’re looking at purchasing a life insurance policy.
But you should not purchase a policy from any company before doing your homework and comparing rates from multiple companies in your area.
This will help you make sure you’re getting the coverage you want and need without overpaying.
In fact, you can use our free tool below to find and compare life insurance rates from great companies in your area to see what works best for you and your loved ones.
What You Should Know About TruStage Life Insurance
Welcome to our comprehensive TruStage Life Insurance Review & Ratings (2023) article. In this review, we delve into the key topics related to TruStage life insurance, including ratings, coverage options, and customer satisfaction.
- TruStage Insurance Agency offers term, whole, and guaranteed acceptance life insurance policies
- TruStage offers accidental death and dismemberment coverage as an insurance rider or as a standalone policy
- The company garners an A (Excellent) rating with A.M. Best
Discover how TruStage can help protect your loved ones and provide financial security. To ensure you make the best choice, we invite you to enter your zip code below and compare rates from the top insurance providers in your area.
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TruStage Life Insurance Coverage Options
As far as life insurance goes, TruStage offers term, whole, and guaranteed acceptance whole life insurance options.
TruStage’s term life insurance plans are for terms anywhere from 10 to 30 years and feature:
- No requirement for medical exams or tests
- Immediate coverage upon the first installment of your premium payment
- A death benefit paid out to beneficiaries within 90 days of your death
- A cancellation option for the first 30 days of your term life insurance plan
- The option to convert your term life insurance to a whole life insurance policy at any time
With TruStage’s whole life insurance policies, you can expect:
- A locked-in rate that will not increase with age or with declining health
- Lifetime protection as long as premiums are paid on time
- An easy application process that requires minimal answers to health questions
If you have medical concerns that have kept you from applying for life insurance coverage, or if your health status has caused you to be denied life insurance coverage, you may be interested in TruStage’s guaranteed acceptance whole life insurance.
With a guaranteed acceptance policy, you will not be denied because of your health status, and TruStage will not require you to answer any health-related questions or undergo a medical exam.
For something like a guaranteed acceptance policy, you can expect your rates to be higher than average because you are avoiding a medical exam.
You are also likely to receive a smaller death benefit, depending on the plan you choose.
Does TruStage have any add-ons for life insurance?
TruStage offers AD&D coverage as an add-on for a life insurance policy or as a separate policy you can purchase on its own.
TruStage’s AD&D coverage pays a cash benefit if you have an accidental death or if an accident causes you specific permanent injuries. This coverage includes:
- Guaranteed acceptance with no medical exam
- Cost-effective monthly rates
- A cash payout that is often not subject to income tax
- Coverage at home, at work, or as you travel
AD&D coverage is the only add-on TruStage lists on its website for life insurance. As you search for life insurance, you can shop around for additional companies that may have more riders that interest you.
TruStage Life Insurance Rates Breakdown
It’s hard to know how much you would pay for life insurance rates with TruStage or any other life insurance company. Your rates will be based on a number of factors, including your age, gender, health status, the term you’re looking for, and the death benefit you want.
A sample table of average monthly rates for a 20-year term life insurance policy is below.
20-Year Term Life Insurance Monthly Rates by Age, Gender, and Coverage Limits
| Age & Gender | $500,000 Policy | $750,000 Policy | $1,000,000 Policy | $2,000,000 Policy |
|---|---|---|---|---|
| 50-Year-Old Female | $71 | $104 | $129 | $251 |
| 50-Year-Old Male | $93 | $137 | $174 | $341 |
| 60-Year-Old Female | $102 | $149 | $190 | $373 |
| 60-Year-Old Male | $139 | $204 | $255 | $505 |
| 70-Year-Old Female | $296 | $441 | $556 | $1,089 |
| 70-Year-Old Male | $445 | $664 | $847 | $1,676 |
| 80-Year-Old Female | $1,376 | $2,061 | $2,573 | $5,087 |
| 80-Year-Old Male | $1,776 | $2,662 | $3,455 | $6,902 |
If you are in your 20s or 30s when you purchase a term life insurance policy, you can expect to get cheaper monthly rates. Additionally, your rates will be different if you are looking for a whole life policy rather than term life insurance.
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TruStage Life Insurance Discounts Available
In the pursuit of comprehensive life insurance coverage, affordability remains a key consideration. TruStage not only provides a range of coverage options but also understands the importance of making life insurance accessible. Here are the various discounts offered by TruStage, enhancing the value proposition for potential policyholders:
- Multi-Policy Discount: Save on premiums by bundling your life insurance with other coverage options.
- Good Health Discount: Rewards for prioritizing your well-being, making life insurance more cost-effective.
- Safe Lifestyle Discount: Encourages and rewards policyholders for maintaining a secure lifestyle.
TruStage not only prioritizes providing reliable life insurance but also aims to make it financially accessible through a range of discounts. Exploring these discounts allows potential policyholders to find a tailored and budget-friendly solution, aligning with their unique needs and circumstances.
Getting a Handle on the Claims Procedure at TruStage Life Insurance
Ease of Filing a Claim
TruStage offers policyholders a convenient way to file insurance claims, ensuring a hassle-free experience. Customers can choose to file claims through multiple channels, including online, over the phone, or by using their mobile app. This flexibility allows individuals to select the method that best suits their preferences and needs.
Whether you prefer the convenience of digital platforms or the personal touch of a phone call, TruStage strives to make the claims process as straightforward as possible.
Average Claim Processing Time
One crucial aspect of the claims process is the speed at which claims are processed. TruStage is committed to providing efficient service to its policyholders. While specific processing times may vary depending on the complexity of the claim, TruStage works diligently to ensure that claims are handled promptly.
Policyholders can expect a timely resolution to their claims, helping to ease the financial burden during difficult times.
Customer Feedback on Claim Resolutions and Payouts
Customer satisfaction with the claim resolutions and payouts is a key indicator of an insurance company’s performance. TruStage has garnered positive feedback from its customers regarding the way it handles claims. The company’s commitment to fair and transparent claim settlements has earned it a reputation for reliability.
Understanding the experiences of other policyholders can provide valuable insights into TruStage’s claims process.
Aetna Insurance’s Trailblazing Digital and Technological Advancements
Mobile App Features and Functionality
TruStage offers a user-friendly mobile app that empowers policyholders with various features and functionalities. The app allows customers to access their insurance policies, view policy details, and even file claims directly from their smartphones. Additionally, it provides features for managing payments, tracking policy performance, and receiving important updates.
The mobile app is designed to streamline the insurance experience, putting policyholders in control of their coverage.
Online Account Management Capabilities
TruStage’s online account management platform is a robust tool for policyholders. It provides a secure and convenient way to manage insurance policies, make payments, and review policy documents. Customers can log in to their accounts to update personal information, check the status of claims, and access important policy-related information.
This online portal enhances the overall customer experience by offering easy access to essential services.
Digital Tools and Resources
TruStage understands the importance of providing digital tools and resources to help policyholders make informed decisions. The company offers a range of online resources, such as insurance calculators, educational articles, and frequently asked questions.
These resources are designed to empower customers with the knowledge they need to choose the right coverage options and understand their policies better. TruStage’s commitment to leveraging technology for customer benefit is evident in its array of digital tools.
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How TruStage Life Insurance Ranks Among Providers
In the ever-evolving realm of life insurance, TruStage stands as a reliable choice, offering diverse coverage options to meet varying needs. This comprehensive review explores TruStage’s life insurance offerings, delving into products, pricing, and customer satisfaction. However, in the competitive landscape of life insurance, TruStage doesn’t operate in isolation.
Here are some of the competitors:
- Aetna Insurance: Aetna Insurance is a significant player due to its trailblazing digital advancements, setting a standard for customer-centric innovation.
- Prudential Financial: Prudential is known for its diverse life insurance products, financial stability, and strong customer service.
- MetLife: MetLife, a global insurance giant, offers a spectrum of life insurance solutions, making them a formidable competitor.
- New York Life: New York Life, one of the oldest and largest mutual life insurance companies globally, is known for its stability and focus on permanent life insurance.
As consumers seek comprehensive coverage, competitive pricing, and advanced digital solutions, TruStage must continually innovate to maintain its standing and relevance in a fiercely competitive landscape. Navigating this dynamic market requires a strategic approach to meet evolving customer expectations and stay ahead of formidable competitors.
Does TruStage have good ratings and reviews online?
TruStage has ratings the company can be proud of, with an A (Excellent) rating from A.M. Best with regard to its financial strength and a stable outlook. This rating is for TruStage’s parent company, CMFG Life.
CMFG also garners high praise from the Better Business Bureau, with an A+ rating and nearly a three out of five for TruStage life insurance reviews from customers, which is quite high.
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Frequently Asked Questions
What life insurance products does TruStage offer?
TruStage offers term, whole, and guaranteed acceptance life insurance products, along with accidental death and dismemberment (AD&D) coverage.
What is guaranteed acceptance whole life insurance?
Guaranteed acceptance whole life insurance is a type of life insurance policy that you can apply for without having to answer any health-related questions or undergo a medical exam. You will not be denied coverage because of your health status.
What is TruStage’s AD&D coverage?
TruStage’s AD&D coverage is accidental death and dismemberment coverage that pays a cash benefit if you have an accidental death or if an accident causes you specific permanent injuries.
Can I file a claim on TruStage’s website?
Yes, TruStage policyholders can file insurance claims via the TruStage website.
How much does life insurance with TruStage cost?
The cost of life insurance with TruStage or any other insurance company varies depending on several factors, including age, gender, health status, term length, and death benefit. You can get a quote by using their free quote tool above to compare rates from top companies in your area.
Does TruStage offer any add-ons for life insurance?
TruStage offers AD&D coverage as an add-on for a life insurance policy or as a separate policy you can purchase on its own. As you search for life insurance, you can shop around for additional companies that may have more riders that interest you.
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.