Trustage Life Insurance Reviews: Is it Actually worth it?

Post Updated on 5 February 2020




Trustage Life Insurance Wiki, Reviews, Plans, Pros, Cons, Claims, Quotes: Hello...Folks in this article I am going to talk about Trustage Life Insurance.


So, If you're puzzled or planning to purchase insurance from Trustage?

Then this article is surely for you.

So, keep reading ahead Trustage Life Insurance Wiki, Reviews, Plans, Pros, Cons, Claims, Quotes.

 Trustage Life Insurance Wiki



Trustage is an online Health Insurance provider that is underwritten directly by their parent company, CUNA mutual group.

Talking about, CUNA mutual group, it is the mutual insurance company that provides financial services to cooperatives, credit unions, their members, and customers worldwide.


They also provide retirement plan services to small business and credit union employees.

The Madison, Wisconsin based company provides auto, home, Life Insurance products to Credit union members.

History




The Term CUNA originally stands for "Credit Union National Association".

CUNA is the marketing name for CMFG life insurance company, it's subsidiaries, it's affiliates.

The Mutual group was founded in 1935 as the CUNA Mutual Insurance Society.

Its main motive was to offer financial protection to Americans during the credit union movement.

After World War 2, CUNA mutual group grew rapidly and expanded many of its services.

They began selling their insurance product in 1983.

It now serves over 30 million consumers across its lending, retirement,  and wealth management products.

Trustage Life Insurance Plans


Trustage is one of the biggest players in the field of Insurance.

They offer a wide variety of choices like Term Life Insurance, Whole Life Insurance, Guaranteed Whole Life Insurance.

Quotes


As I have already told you about their plans.

Now, Talking about the Quotes.

You can easily place your quote with the company you’ll simply need to contact them via mail or you can simply call them at 1 -844- 337 -5831.

You need to tell your requirements and according to that, they’ll suggest the best suitable quote for you.

Trustage Life Insurance Claims


Talking about the most important factor behind recognising if an Insurance company is good or not? is a Claim. which defines if the company is good enough to pay the claims.

Which I’ll cover in the company review section.

Okay so, Right now I’ll tell you about Trustage Life Insurance Claim Process.

Well, The Claim process is damn very easy.

You can file the claim by contacting customer support at 1- 800- 798-6600, Monday through Friday, 7.30 a.m to 5.30 p.m CT

You can even simply mail them or send a letter at

CMFG Life Insurance Company

2000 Heritage Way

Waverly, IA 50677 - 9202

Trustage Life Insurance Reviews


By now I have told you a lot about Trustage Life Insurance Wiki, Plans, Quotes, Claims and the Important Facts about the company.

Now, the question arises is the company actually worth?

In Nutshell, Trustage is an online Health Insurance provider that is underwritten directly by their parent company, CUNA mutual group.

Talking about, CUNA mutual group, it is the mutual insurance company that provides financial services to cooperatives, credit unions, their members, and customer worldwide.

They also provide retirement plan services to small business and credit union employees.

Review


According to my research, I found that the company overall rating is excellent.

Trustage serves more than 80 million consumers and counts with over 80 years of experience.

The company has received a rating of 0.43 rating from NAIC, which means the company has a good performance in processing & paying out claims.


*NAIC is the ratio of the number of complaints to the total number of premiums written in the calendar year.

The second most important indicator which shows if the company is good or not is A.M rating.

*In case you don’t know what is A.M rating, it is an independent opinion of financial strength and ability to meet it’s ongoing insurance policies & obligations.

Good news is that this Company has received an A (Excellent) rating from A.M Best, which means that the company has Good financial practices and that customer should not be concerned or afraid about the company’s ability to payout the future claims.

Thirdly, The company has received an A+ rating in (BBB) Business Bureau ratings.

*Business Bureau ratings, it is the rating which indicates how the Business is likely to interact with its customers.


Pros



  • No Medical examination is required

  • The company is a mutual life insurance company which means they provide substantial benefits to the customer.

  • Policies are as low as $10000.

  • The company has received an A+ rating in (BBB) Business Bureau ratings.

  • The Company has received an A (Excellent) rating from A.M Best

  • The company has received a rating of 0.43 rating from NAIC

  • The claim process is damn easy


Cons



  • Can not purchase a policy greater than $100000.

Overall


So, after evaluating the pros & Cons of the company, I can say the company is good.

The company has received 0.43 rating from NAIC which indicates has good customer support.

A (Excellent) rating from A.M Best which indicates the company can pay off your claims & A+ from BBB, which indicates company interaction with customers.

So, Yes, the company is good & you can go for it.

Overall Rating: 9/10


Read Next: Root Insurance Company Wiki | Reviews | Claims | Pros | Cons

Winding Up


So, This is the end of this article and I hope this article was helpful to you.

By now you must understand the concept of Trustage Life Insurance Wiki, Trustage Life Insurance Reviews, Trustage Life Insurance Plans, Trustage Life Insurance Pros, Trustage Life Insurance Cons, Trustage Life Insurance Claims, Trustage Life Insurance Quotes.

Before you leave do check out the FAQ Section below for more clarity.

FAQ


1. What does CMFG stand for in life insurance?

Ans: CUNA is the marketing name for CMFG life insurance company, it's subsidiaries, it's affiliates. The Term CMFG Stands for CUNA Mutual Financial Group.

2. What is Trustage whole life insurance?

Ans: Trustage is an online Health Insurance provider that is underwritten directly by their parent company, CUNA mutual group.

Talking about, CUNA mutual group, it is the mutual insurance company that provides financial services to cooperatives, credit unions, their members, and customer worldwide.

 3. Is Trustage life insurance legit?

Ans: Yes, 100%. The Company is one of the Trusted company.


The company has received 0.43 rating from NAIC which indicates has good customer support.

A (Excellent) rating from A.M Best which indicates the company can pay off your claims & A+ from BBB, which indicates company interaction with customers.

4. What does CUNA Mutual stand for?

Ans: The Term CUNA originally stands for "Credit Union National Association".

So, this is the end of this article I hope this article was helpful to you

By now you must understand the concept of Trustage Life Insurance Wiki, Trustage Life Insurance Reviews, Trustage Life Insurance Plans, Trustage Life Insurance Pros, Trustage Life Insurance Cons, Trustage Life Insurance Claims, Trustage Life Insurance Quotes.

If still any confusion persists feel free to ask me any question by your comment below or you can simply mail me @ Subhamsahuwala3@gmail.com.

I'll surely help you. Till then take care & have a great day ahead.

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