FAQ: What Does Cmfg Life Insurance Stand For?

CMFG, through CUNA Mutual Group, uses its TruStage brand to sell life insurance to the public and credit union members. I’m often asked, “What does CMFG life insurance stand for?” Well, the acronym CMFG does not stand for anything.

How long has CMFG Life Insurance Company been in business?

CUNA Mutual Group, the parent company of CMFG Life Insurance Company, was founded in 1935. Headquartered in Madison, Wisconsin, the company has over 43,000 advisors available nationwide to serve customers.

Is CUNA Mutual and TruStage the same company?

Yes. TruStage is part of the CUNA Mutual Group family of brands. TruStage insurance is issued by CMFG Life Insurance Company.

Is CUNA Mutual a good company?

CUNA Mutual Life has an A+ rating with the Better Business Bureau (BBB), and there are no complaints or reviews on file in the past three years. This is likely in part due to the fact that they sell mainly through credit unions and not directly to customers.

What is difference between whole life and term life insurance?

Two of the most common types of life insurance are term life vs. whole life. Both term life and whole life provide a death benefit for the beneficiaries you choose, but whole life is a type of permanent policy with a savings component, while term life is only in force for the period of time that you choose.

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How many credit unions are in the US?

There are 5,288 Credit Unions businesses in the US as of 2021, a decline of -0.8% from 2020. Has the number of Credit Unions businesses in the US grown or declined over the past 5 years?

When was TruStage founded?

People first is our mantra — and the mission of our underwriter, CMFG Life Insurance Company, since 1935. We’re committed to you and the people you hold closest. TruStage works with more than 3,500 credit unions located across the country.

How do I cancel my TruStage policy?

Here’s the quickest way to help you cancel your policy: Please call us and one of our service agents will be happy to help you cancel your policy. Notice: If you’d like to see whether or not we have other products that better meet your needs, please visit us at TruStage.com and explore all the options available to you.

Which of the following products and services does TruStage provide?

TruStage® Auto, Home and Life Insurance products are made available through TruStage Insurance Agency, LLC. Life insurance and AD&D insurance are issued by CMFG Life Insurance Company. Auto and Home Insurance Program are issued by leading insurance companies.

Are AD&D policies worth it?

An AD&D policy may be a good idea, especially if you work in a high-risk job. People with riskier jobs pay higher premiums than people with low-risk employment. Supplemental AD&D coverage could be a wise investment regardless, but understand that AD&D doesn’t cover you for any type of death or dismemberment.

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How many credit unions are members of CUNA?

With its network of affiliated state credit union associations, CUNA serves America’s nearly 7,000 credit unions, which are owned by more than 100 million consumer members.

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