Last Updated: 04/18/2025
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Highlights
Term Life Death Benefit Range
$5,000 - $300,000
Term Options
- Term Life
- Level Term
- Annual Renewable
Financial Strength Rating
A(Verified 04/18/2025)
TruStage Life Insurance Review
Trustage whole life insurance Pros & Cons
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TruStage is a life insurance carrier based in Madison, WI. The company was founded in 1935 and offers life insurance products in 50 states (and Washington, DC).
Trustage whole life insurance FAQ
What types of life insurance products does TruStage offer?
Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.
Here is a brief description of life insurance options TruStage offers.
- Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Trustage whole life insurance offers term lengths ranging from 10 to 30 years. Death benefit amounts range from $5,000 to $300,000.
- Level Term Life Insurance - These are term life insurance policies that have the same fixed premium and payment amount through the duration of the life insurance policy.
- Annual Renewable Term Life Insurance - Annual renewable term life insurance policies provide a constant death benefit for the duration of the term life insurance policy but the premiums are reassessed every year.
- Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.
What is SuperMoney's financial rating of TruStage?
The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives TruStage an A or excellent, which is SuperMoney's second highest available score for life insurance companies.
SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.
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