Skip to Main Content
Stronger Together – Learn how we're continuing to help our customers move toward a brighter future.

We're Here to Help - If you are a resident of Louisiana or New Jersey and have been impacted by Hurricane Ida, or a resident of Tennessee affected by recent flooding, call us to learn about your options.

Life Insurance FAQs

  • 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.

    Whole life insurance

    - 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.

  • Accidental death and dismemberment insurance only pays a benefit as the direct result of an accident. Life insurance pays no matter how a death occurs.
  • Whole life insurance provides level death benefit coverage for the insured's lifetime from the date of issue until the date of death, provided premiums are paid. It provides both a living death benefit and a death benefit and is usually purchased to meet a long-term need for protection. Premium amounts remain level for the contract's lifetime. Whole life insurance also generates cash value that can accumulate. Maximum coverage period varies by product - typically age 100 or age 121. When the coverage period ends, the face amount would be paid to the insured if still living.
  • Term insurance is the simplest form of life insurance. It provides coverage for a specified period of time (term) and simply provides a benefit upon death. Usually there are no cash value benefits nor any dividends generated with term insurance. Premiums are renewable and usually increase at every renewal date. Term insurance includes a conversion privilege that allows the insured to convert to permanent insurance at key times during the policy coverage.
  • A term "conversion" is an exchange of a term life policy for a permanent plan without a medical examination requirement. Premiums for the permanent plan are based on your age at the time of the conversion and the specific product chosen.
  • Go to Account Overview and click on View Policy Details or View Contract Details. Please refer to your contract for additional features and benefits or call for friendly help and expert assistance.
  • Policy loans cannot be made online. Please call for friendly help and expert assistance.
  • The length of time it takes to receive your money will depend on the time at which the request is received and the delivery method that you choose. Requests received prior to 3:00 p.m. CT are processed within 3 calendar days. Requests received after 3:00 p.m. are considered received the next business day and will be processed within 4 calendar days.

     

    Delivery methods available include: 

    Method Time Charges
    Check sent via U.S. Postal Service Sent the day after the request is processed. Receipt depends on U.S. Postal Service. None
    Check sent via Overnight Delivery Service Sent the day after request is processed. For most areas, you will receive the check the next business day. Some remote areas take 2 business days. $25.00
    Wire to your account Funds will be credited to your account the day after we process your request. We need the name of your financial institution, routing and account numbers, type of account (savings, checking or share draft) and names on the account. $25.00
    Electronic Funds Transfer Funds will be credited to your account with 48 hours (business days) after your request is processed. We need the name of your financial institution, routing and account numbers, type of account (savings, checking or share draft) and names on the account. None


  • Money that may be paid annually to policy owners participating in cash value life insurance policies. Dividends are not guaranteed and not all policies are eligible for dividends.
  • Dividend withdrawals cannot be made online. Please call for friendly help and expert assistance.
  • This service request can be made by completing and mailing the Service Request form or calling for assistance.
    Sign-In or Create Your Account  
    • Select Help and Support  
    • Select Life Insurance Forms from the Forms section
    • Select the Service Request form 
    • Complete and mail 
  • This service request can be made by completing and mailing the Service Request form or calling for assistance.
    Sign-In or Create Your Account  
    • Select Help and Support  
    • Select Life Insurance Forms from the Forms section
    • Select the Service Request form that matches your request
    • Complete and mail
  • No, you’re not covered when your policy is inactive. Make a payment on your policy to reinstate your coverage.
  • You may be eligible to reinstate your policy by paying past premiums and providing evidence of insurability. Please call for assistance with your policy.
  • Forms 1099-INT and 1099-R will be mailed by January 31st for qualifying policies/contracts.
  • To view and submit a beneficiary update online, Log in to your account, go to Account Overview or Policy Details, and click the Beneficiaries link.

    If you need help with beneficiaries, click on the Chat icon when signed into your online account (chat availability is variable) or give us a call.

  • Life insurance proceeds are not taxable. Any interest paid on the benefits is taxable.
  • You can file a claim by:

     

    Phone:

    Dial 1-800-779-5433, Monday through Friday, 7:00 a.m. to 5:00 p.m. CST. 

    For assistance by TTY: dial 711 and ask to be connected to 1-800-779-5433, Monday through Friday, 7:00 a.m. to 5:00 p.m. CST. Dialing 711 connects you to Telecommunications Relay Services (TRS). TRS permits persons with a hearing or speech disability to use the telephone system via a text telephone (TTY) or other devices to call persons with or without such disabilities. TRS calls have no time limits and are confidential.

     

    Email:

    WavClaimsMail@cunamutual.com

     

    Mail:

    CMFG Life Insurance Company or MEMBERS Life Insurance Company

    2000 Heritage Way

    Waverly, IA 50677-9202


    Please provide the insured's name, date of birth, date of death, and policy number(s).

    If you are not the policy beneficiary, you may be asked for the beneficiary's address.

    Please note: Policies in force for two years or less will require additional documentation for claim review.

  • Anyone can notify us of a death. But only named beneficiaries noted in your policy can submit the necessary documents or evidence to claim the payments.
  • You can get help by:

     

    Phone:

    Dial 1-800-779-5433, Monday through Friday, 7:00 a.m. to 5:00 p.m. CST. 

    For assistance by TTY: dial 711 and ask to be connected to 1-800-779-5433, Monday through Friday, 7:00 a.m. to 5:00 p.m. CST. Dialing 711 connects you to Telecommunications Relay Services (TRS). TRS permits persons with a hearing or speech disability to use the telephone system via a text telephone (TTY) or other devices to call persons with or without such disabilities. TRS calls have no time limits and are confidential.

     

    Email:

    WavClaimsMail@cunamutual.com

     

    Mail:

    CMFG Life Insurance Company or MEMBERS Life Insurance Company

    2000 Heritage Way

    Waverly, IA 50677-9202

  • Proof of death of the policyholder. If the beneficiary belongs to any of the four categories below, you’ll need to submit additional documents.

     

    If the beneficiary is an estate:

    • Letters of Testamentary or Authority issued by the Probate Court showing the name and address of the executor or personal representative of the estate.
    • A valid Tax ID Number for the estate (on your claim form). If you do not have one, call the IRS at 1-800-829-4933 to have one created.
    • If the value of the estate does not require a court-ordered review*, you'll need to get a Small Estate Affidavit from the Probate Division of the courthouse in the county where the insured lived.
    * If the value does require a court-ordered review of the deceased's estate, a process known as "probate," a Small Estate Affidavit is not needed.

     

    If the beneficiary is a trust:

    • A copy of the trust agreement. These pages are required: the title page, the appointment of trustees or successor trustees after the death of the insured, and the final page showing the date and witness signatures.
    • A valid Tax ID Number for the trust. If you do not have one, call the IRS at 1-800-829-4933 to have one created.

    If the beneficiary is a minor:

    • A Claimant's Statement completed by an adult family member on behalf of the minor. The payments will be placed in an interest-bearing account with CUNA Mutual Financial Group until the minor reaches adulthood*.
    • To have the payments released prior to the time the minor reaches adulthood*, copies of the court appointment papers for guardianship or conservatorship for the minor must be received.

    *Adulthood, or the “age of majority,” is the age at which a person is considered a legal adult. This ranges from 18 to 21 in the U.S.

     

    If the beneficiary is deceased:

    • Proof of death of the deceased beneficiary.
  • CMFG Life Insurance Company or MEMBERS Life Insurance Company

    2000 Heritage Way

    Waverly, IA 50677-9202

    Fax Number: 1-608-236-8030

  • You can contact us by:

     

    Phone:

    Dial 1-800-779-5433, Monday through Friday, 7:00 a.m. to 5:00 p.m. CST. 

    For assistance by TTY: dial 711 and ask to be connected to 1-800-779-5433, Monday through Friday, 7:00 a.m. to 5:00 p.m. CST. Dialing 711 connects you to Telecommunications Relay Services (TRS). TRS permits persons with a hearing or speech disability to use the telephone system via a text telephone (TTY) or other devices to call persons with or without such disabilities. TRS calls have no time limits and are confidential.

     

    Email:

    WavClaimsMail@cunamutual.com

     

    Mail:

    CMFG Life Insurance Company or MEMBERS Life Insurance Company

    2000 Heritage Way

    Waverly, IA 50677-9202

  • You can request a status update from our Claims Professionals by:

     

    Phone:

    Dial 1-800-779-5433, Monday through Friday, 7:00 a.m. to 5:00 p.m. CST. 

    For assistance by TTY: dial 711 and ask to be connected to 1-800-779-5433, Monday through Friday, 7:00 a.m. to 5:00 p.m. CST. Dialing 711 connects you to Telecommunications Relay Services (TRS). TRS permits persons with a hearing or speech disability to use the telephone system via a text telephone (TTY) or other devices to call persons with or without such disabilities. TRS calls have no time limits and are confidential.

     

    Email:

    WavClaimsMail@cunamutual.com

     

    Mail:

    CMFG Life Insurance Company or MEMBERS Life Insurance Company

    2000 Heritage Way

    Waverly, IA 50677-9202

  • It normally takes 1-3 business days to process a claim. A letter, a statement of values and the settlement check are sent out through regular mail.