Formerly known as Cuna Mutual Insurance Society, CMFG Life Insurance Company provides life insurance, other insurance, and Financial related products through Credit Unions in the United States. Their most popular product is the TruStages
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Cuna Mutual (through CMFG) offers a wide and vast array of insurance and financial products and services. These include: Commercial Insurance, Retirement and Investment products, Lending Programs, Data and Analytics services, Marketing Services, and various Consumer Insurance products. These consumer insurance products include: AD&D insurance, Auto and Home Insurance, Health, and Life Insurance. Their consumer products are sold under their TruStage brand.
Our article will focus on their life insurance offerings.
CMFG Life Insurance Company Contact Information:
Insurer Full Name: CMFG Life Insurance Company, also and formerly known as Cuna Mutual
Insurer Mailing Physical Address:P.O. Box 391 - Madison, WI 53701-0391
Insurer Admin Address: 5910 Mineral Point Road - Madison, Wisconsin 53705
Domicile Address: 2000 Heritage Way Waverly, Iowa 50677
Insurer Phone Number: 608-238-5851
Insurance Fax Number: 608-236-7969
Insurer Website: cunamutual .com
CEO of Insurer: Jim Nussle
Insurer Other Names: CMFG Life Insurance Company also goes by the name Cuna Mutual.
Better Business Rating of A+
The History of CMFG Life Insurance Company:
CUNA Mutual started in 1935 as the Cuna Mutual Insurance Society, according to wikipedia. The name originally stood for Credit Union National Association. The company began selling insurance products about 1983.
CMFG Life Insurance Products:
Cuna Mutual offers two main life insurance products to consumers.
Cuna TruStage Simplified Issue Term Insurance
The TruStage simplified Issue policy is "fully digital" with an "instant decision." The product has "no medical exam", nor does it have "health questions", according to their website. The product is mostly offered through partner credit unions as a way to round out their (the credit unions) offerings.
The TruStage simplified term policy is also marketed as having an "expedited claims process." As of 2019 the Trustage offers insurance policies in dollar amounts of $10,000 to $300,000 for people ages 18 to 69.
Cuna TruStage Whole Life Insurance
The TruStage Whole Life policy is marketed in much the same way. It is "fully digital" with has an "instant decision." The product has "no medical exam", nor does it have "health questions", according to their website. the product is also offered through credit unions.
TruStage whole life is has a similar claims offering. As of 2019 the Trustage offers Whole Life insurance policies in dollar amounts of $1,000 to $100,000 for people ages 18 to 85.
Cuna TruStage Guaranteed Acceptance Whole Life Insurance:
The TruStage Guaranteed Acceptance Whole Life, although harder to find online is available from those between the ages of 45 to 80. They can be purchased in amounts of $2,000 to $25,000. According to another CMFG site, You "Can't be turned down due to health." That product is also marketed as having "no questions" and "no medical exam."
[Authors and Insurance Agents note: I have absolutely no idea what "no questions" means as to my knowledge I have no idea how that would be possible.]
Financial Strength Rating of Insurer:
CMFG Life Insurance Company has AM Best Financial Strength Rating of an "A". This is considered two steps below the top rating of A++. AM Best considers it a superior rating. CMFG has held this A rating, steady from since before 2015.
Their policyholder surplus is as big as it can get on the rating scale at XV. This means that there is plenty of surplus capital, $2 Billion US Dollars and greater.
The other operating entities that are affiliated are not nearly as complex and vast as many of the other insurers in this size range. However these other insurer names include (but are not limited to): CUMIS Insurance Society, Inc., CUMIS Specialty Insurance Company, Inc., CUNA Mutual Holding Company, CUNA Mutual Investment Corporation, MEMBERS Life Insurance Company, and TruStage Financial Group, Inc. This partial list is subject to change.
Should you have questions about this insurer or life insurance kindly send them to us. You can add them to the comment box below or email us directly. scott at marindependent.com
CMFG Life Insurance is an Insurance that is primarily offered through Credit Unions and is known as TruStage Insurance. CMFG and CUNA Mutual are closely interrelated.