There are lots of pieces in a life insurance puzzle: the amount of coverage you need, the period of time you need protection, your health situation, and many others. At every step, accurate evaluation is essential to getting the best combination of value and protection.
TruStage Term Life Insurance (from CMFG Life Insurance Company) is designed just for credit union members. And just as important are the helpful people standing behind it. Call us today for a no-obligation, personalized quote that makes sense for you. Call 1-855-612-7907.
- What are the main differences between term and whole life insurance?
- Term life insurance
- can provide affordable, high-coverage protection for a specific period of time (or term).
- pays a benefit if you die during the term.
- could have benefits and premiums that change over time, depending on the specific policy.
- offers coverage you can never outlive.
- has premiums that remain the same throughout your lifetime.
- can provide a future source of money prior to your death, building cash value over time.
- allows for loans (which incur interest) against the value, with unpaid amounts decreasing the death benefit.
- Why should I consider buying life insurance?
- Life insurance means you’re preparing your loved ones for the unexpected—a thoughtful and appreciated gesture.
- It’s designed to help safeguard growing financial commitments like day-to-day expenses, a mortgage, debt payments, and even aspirational promises like college costs for your kids.
- It can help your family cover final expenses.
- It can provide a way to leave money to charity.
- Whole life policies build some cash value you can borrow against in the future. Any outstanding loan balance is subtracted from the payment your beneficiary receives.
- How much insurance do I need?
- Is a medical exam required?
- To help ensure we can offer you our best possible rates, more medical information is required as your coverage amount increases. For lower amounts, it could be as easy as a few simple questions.
Regardless, in most cases, no physical exams or medical tests are required. In rare cases, a paramedical exam is required to verify information received during underwriting.