TruStage and CMFG Life Insurance, reviewed.

Yes, for what it is built to do. TruStage life insurance is issued by CMFG Life Insurance Company, an insurer organized in 1935 by credit union interests, and it holds a strong financial strength rating from AM Best (you can look up the current rating at ambest.com). The application is short, it is offered without a medical exam, and one plan is issued with no health questions at all. The honest limit is size. Coverage amounts are capped, so if you are protecting a mortgage or an income, compare the amount available here against a fully underwritten policy before you decide.

CMFG Life Insurance Company underwrites TruStage life insurance (per trustage.com). It is an Iowa-domiciled insurer that has served credit unions and their members since 1935, and it holds a strong financial strength rating from AM Best; the current rating is published at ambest.com. Some TruStage products are issued by affiliated insurers, so check the insurer named on your own contract.

CMFG Life Insurance Company is the licensed life insurer behind most TruStage life insurance policies. It was organized in 1935 by credit union interests, is domiciled in Iowa, and files with regulators as NAIC company number 62626. If you are holding a statement with one name and a mailer with the other, you are looking at the same company.

It is the same company. In 2012, CUNA Mutual Insurance Society reorganized into a stock life insurer within a mutual holding company structure and changed its name to CMFG Life Insurance Company. The initials trace back to CUNA Mutual Financial Group, Inc., the holding company formed in that same reorganization. A corporate name change of this kind does not alter an existing policy’s coverage, premium, or beneficiaries.

Because CMFG Life Insurance Company issued the policy and TruStage is the brand it is sold under. CUNA Mutual Group brought its businesses under the single TruStage name in 2023, so older paperwork may read CUNA Mutual, newer mail may read TruStage, and the contract may read CMFG Life. All three point to the same company. Your credit union can show up on the billing as well, because that is often where the coverage was offered.

Under the TruStage brand, CMFG Life Insurance Company issues term life, simplified-issue whole life, guaranteed-acceptance whole life for ages 45 to 80, and accidental death and dismemberment coverage (per trustage.com). Some TruStage products are issued by affiliated insurers instead, so the insurer named on your own contract is the one to go by.

Two free lookups cover it. The NAIC Consumer Information Source lets you search CMFG Life Insurance Company, NAIC number 62626, and see its licensing status in your state along with the complaints filed against it. For financial strength, the current rating is published at ambest.com. Your own state insurance department can confirm licensing as well.

TruStage life insurance is distributed largely through credit unions, which partner with the brand to offer coverage to their members. The simplest step is to check your eligibility: a licensed professional on our team can help you confirm how to apply and whether membership applies to you.

No. These TruStage plans are designed as no-exam coverage you can apply for online. The guaranteed-acceptance whole life plan goes a step further and asks no health questions at all for ages 45 to 80 (per trustage.com).

TruStage is the consumer brand; CMFG Life Insurance Company is the licensed insurer that actually issues the life policies. Both sit under TruStage Financial Group, the Madison, Wisconsin company long known as CUNA Mutual Group. More than 3,200 credit unions across the country partner with TruStage to offer coverage to their members (per trustage.com). So the name on your card, your policy, and your credit union’s mailing can all differ while pointing to the same company.

It’s legit. TruStage is a real, licensed insurer, and its mailings are genuine marketing, usually sent because your credit union partners with TruStage to offer coverage to members. The offer itself is real; whether it’s your best deal is a separate question, and checking it against two or three other carriers first is simply smart shopping. If any message ever feels off, verify it by calling TruStage or your credit union at the number on their official website rather than one printed in the message.

You can cancel by contacting TruStage customer service and completing their cancellation request; your policy documents list the exact steps. Before you do, check three things. First, if the policy is new, most states give you a free look period, commonly 10 to 30 days, to cancel for a full refund. Second, a whole life policy may have cash value you’re entitled to. Third, ask about a reduced paid-up option, which keeps a smaller amount of coverage with no further premiums. A free review can walk through all three before anything is signed.

TruStage is the marketing name of TruStage Financial Group, Inc., headquartered in Madison, Wisconsin, the company that served credit unions for decades as CUNA Mutual Group. Its life policies are issued by subsidiary insurers, chiefly CMFG Life Insurance Company (per trustage.com).