March, 6 2021


Life insurance reviews, ratings and prices for the top companies

Trustage Life Insurance Review 2021

Trustage Life Insurance Review 2021

  • Price
  • Financial Rating
  • Financial Rating

Trustage Life Insurance Review 2021



TruStage offers no medical exam life insurance products with instant approval, which many people are looking for, especially in these times of Covid-19.  The policies are offered through CUNA Mutual Group (Credit Union National Association). TruStage has helped over 20 million clients and works with some of the nation’s largest credit unions.

CMFG Life Insurance Company is the actual insurance company that underwrites TruStage’s life insurance products and pays out the claims. CMFG Life Insurance Company is ‘A’ Excellent rated by A.M. Best.


  • Size and history– As of 2021, the number of credit union members served by the TruStage insurance program totals over 20 million which includes; term life insurance, whole life insurance, guaranteed acceptance life insurance and accidental death and dismemberment (AD&D). They also offer other insurance products as well such as auto, home and health insurance. CUNA Mutual Group (The apparent company of TruStage) has been in business for over 85 years.
  • No Medical Exam and Quick Approval– The life insurance products from TruStage do not require a medical exam and the underwriting and coverage is done very quickly and easily online.
  • Financial Rating– The life insurance that underwrites Trustage is CMFG Life Insurance Company which has an ‘A’ Excellent financial rating from A.M. Best.


  • Rates tend to be higher than what is available on the open market. Also, for their term product, the rates increase with each age group band (i.e. age 25, age 30, age 35, age 40, age 45, age 50, age 55, age 60, age 65, age 70, age 75 and ends at age 80). Also, the maximum amount of coverage TruStage offers is relatively low for those needing larger amounts of coverage.



Issued by: CMFG Life Insurance Company

Founded: 1935

Phone: (855) 363-9990

Address: 5910 Mineral Point Rd, Madison, WI 53705

A.M Best Rating 2021: A (Excellent) Third highest of 16 possible ratings 

Comdex Ranking 2021: 82

BBB Rating: A+  

Life Insurance for Credit Unions: TruStage offers life insurance products for over 3,500 of some of the largest credits unions in the country such as: Navy Federal Credit Union, Alliant Credit Union, NASA Federal Credit Union, Altra Federal Credit Union, Local Government Federal Credit Union, Delta Community Credit Union, Associated Credit Union, Louisiana Federal Credit Union, Credit Union of Denver, Apple Federal Credit Union, VyStar Credit Union, Educators Credit Union, University Credit Union, Summit Credit Union, Service Credit Union, UNIFY Financial Credit Union, Northeast Credit Union, Capital Credit Union, Barksdale Federal Credit Union,  America First Credit Union, America’s First Federal Credit Union, Police and Fire Federal Credit Union, to name a few. 

Competitors: Country Financial, Prudential, PennMutual, MetLife, Assurity, Sagicor Life Insurance, Western National Life Insurance Company, Pacific Life Insurance Company, Nationwide, Globe Life Insurance, UNUM, Mutual of Omaha Insurance Company, Northwestern Mutual Life Insurance, New York Life, TIAA-CREF, MassMutual, Liberty Mutual, John Hancock, Ohio National Life, Principal, State Farm, Farmers, Allstate, American General Life-AIG, Banner Life, Protective Life, Primerica, Genworth Life, North American Co, Lincoln National Life, ING-ReliaStar, Transamerica, Midland, Columbus Life Insurance Company, Cincinnati Life, ANICO, TIAA-CREF, Securian, Guardian, OneAmerica, Amica, Minnesota Life, RiverSource, Allianz Life Insurance Company, AAA, Erie, Thrivent Financial for Lutherans, EMC National Life, Motorists Life, Pan-American Life, National Life Group, Shelter, HoraceMann, Group Life Insurance, Supplemental Life Insurance, Aflac, Voluntary Life Insurance, Baltimore Life, Security Mutual Life, SBLI, Foresters, 5 Star Life Insurance Company, Oxford, Americo, United Home Life, Monumental, Funeral Advantage, Standard Life, Colonial Penn, AARP.


TruStage- (CMFG) Life Insurance Ratings 2021


Rating Agency                         Financial Rating

A.M. Best A ‘Excellent’
Moody’s A2
S&P A+
Fitch NA
Comdex Score 82


Click here for the complete list of life insurance company ratings 2021


TruStage Life Insurance Products 2021

  • Term Life Insurance
  • Whole Life Insurance
  • Guaranteed Acceptance Life Insurance
  • Accidental Death & Dismemberment


Price Comparison- TruStage Life Insurance Vs. Competition

Sample rates for a 45-year male for a $100,000 policy on a 20-year term at each company’s best health class, no medical exam, non-smoker. (TruStage term rates increase each 5 years with the age band as mentioned above.)

AgeTruStagePacific LifeSagicorMutual of Omaha


Sample rates for a 45 year male for a $100,000 policy, best health class, non-smoker:

Pacific Life=$16 month (no exam)

Sagicor=$16 month (no exam)

Ameritas=$23 month (no exam)

Forresters= $41 month (no exam)

Mutual of Omaha=$50 month (no exam)

CMFG Life Insurance (Trustage)= $86 month (no exam)

*All rates are based on a 20 year level term except TuStage Life Insurance, which is on a 5-year age band step-rate plan.


Sample rates for a 60 year female for a $50,000 policy, best health class, non-smoker:

Sagicor=$17 month (no exam)

Pacific Life=$20 month (no exam)

Forresters= $35 month (no exam)

Ameritas=$44 month (no exam)

Mutual of Omaha=$45 month (no exam)

CMFG Life Insurance (Trustage)= $87 month month (no exam)

*All rates are based on a 20 year level term except TuStage Life Insurance, which is on a 5-year age band step-rate plan.


TruStage Life Insurance Review 2021- Wrap Up

TruStage Life Insurance, which is part of CUNA Mutual Group, the marketing name for CMFG Life Insurance Company, has more than 3,500 credit unions that participate in their insurance program.  The life insurance offered by the credit a unions through TruStage, is fast and convenient to purchase, however their rates are typically higher than what can be found on the open market (see rate comparison above).  As with all the companies we review, we recommend that you receive a quote from Trustage and from the other top insurance companies and choose the best policy for you.




What is your experience with Trustage life insurance 2021?  Tell others if you would recommend them to your friends and family.  Please leave a comment and rating below.

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