Is Trustage Auto Insurance good?

Is TruStage Auto Insurance good?

Is TruStage insurance trustworthy?

TruStage life insurance is backed by CMFG Life Insurance Co., which holds an A rating from AM Best, indicating an “exceptional” ability to meet claim obligations.

We assign a final rating of 4 out of 5 stars to TruStage Insurance Company.

The parent company boasts over 80 years of experience and has consistently received high ratings from A.M. Best.

Additionally, TruStage has garnered favorable ratings from the BBB.

An image illustration of Trustage Auto Insurance being good
Is Trustage Auto Insurance good
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TruStage Life Insurance Options

It provides three types of life insurance policies, ranging from term life to lifelong coverage.

TruStage Term Life Insurance

  • TruStage offers a five-year term life insurance policy, renewable at higher rates every five years.
  • Coverage ranges from $10,000 to $300,000, with rates based on your age and gender.
  • It’s a simplified issue policy, meaning no medical exam, but they gather health info that could affect approval.
  • Premiums increase with age at set intervals.
  • Maximum age to buy is 69, renewable up to 80.
  • Offers a 30-day cancellation policy.

TruStage Whole Life Insurance

  • This policy covers you for your entire life.
  • No medical exam, but health could impact approval.
  • Coverage amounts vary by age.
  • Rates stay constant, and the death benefit is guaranteed.
  • 30-day waiting period before coverage begins.
  • Offers a 30-day review with a money-back option.

TruStage’s Life Insurance Riders

  • TruStage primarily offers accidental death and dismemberment (AD&D) coverage as an extra.
  • AD&D pays out for covered accidents or specific permanent injuries.
  • No health questions or exams for AD&D.
  • Coverage ranges from $10,000 to $300,000.
  • AD&D coverage increases by up to 5% annually at no added cost.

What to Consider When Purchasing Life Insurance

If you’re in the market for life insurance, take these factors into account:

  1. Duration of Coverage: Determine how long you need coverage. Term life insurance, with its fixed rates for a specific period, is a cost-effective choice for coverage tied to specific needs like a mortgage.
  2. Coverage Amount: Calculate the sum your beneficiaries would require to sustain their lifestyle in your absence. A life insurance calculator can simplify this calculation.
  3. Health Status: TruStage offers no-exam policies, but if you’re in reasonably good health, you might secure better rates with policies that require a medical exam. Seek guidance from a knowledgeable life insurance agent to find insurers offering competitive rates based on your health.
  4. Cost Comparison: To gauge if you’re receiving a competitive offer, compare life insurance quotes. Ensure you’re comparing quotes from various insurers, matching coverage length and amount for accurate comparisons.
An image illustration of Trustage Auto Insurance
Trustage Auto Insurance
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Options Besides TruStage Life Insurance

Several life insurance providers offer no-exam life insurance options.

  1. Brighthouse SimplySelect Term: Brighthouse’s SimplySelect Term policy offers same-day approvals and generous coverage amounts. It stands out for its competitive rates and is currently accessible exclusively through Policygenius.
  2. Legal & General America’s Banner Life OPTerm: If you’re considering no-exam life insurance, Banner Life is worth considering. Their OPTerm policy offers low rates, substantial maximum coverage, and a variety of term lengths.
  3. Lincoln Financial TermAccel: The TermAccel no-exam policy is notable for its excellent rates. It also extends coverage eligibility to a relatively high age of 60 for those seeking $1 million in coverage.

Additional Insurance Offerings from TruStage

TruStage’s life insurance agency extends its portfolio to include various other insurance categories in collaboration with Liberty Mutual:

  1. auto insurance: TruStage offers Liberty Mutual auto insurance, featuring 24/7 claims support, optional round-the-clock roadside assistance, and accident forgiveness, which prevents your rates from increasing after your initial accident. It also provides an optional ‘better car replacement’ feature that covers the cost of a car one model year newer if your vehicle is totaled.
  2. Homeowners Insurance: TruStage offers home insurance with exclusive discounts for credit union members.
  3. Condo and Renters Insurance

Frequently asked questions regarding TruStage

  • Is TruStage an environmentally conscious company?
  • What is the procedure for initiating a claim with TruStage?
  • Can TruStage Insurance be trusted?
  • Is TruStage affiliated with Liberty Mutual?

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