CUNA Mutual life insurance gaining national recognition

According to the Life Insurance and Market Research Association’s (LIMRA) Life Insurance Barometer Study, one of the top barriers to purchasing life insurance is that it’s not available to purchase online. In CUNA Mutual Group’s effort to make insurance more accessible, we addressed this challenged by developing a TruStage simplified-issue term life insurance product. In […]

According to the Life Insurance and Market Research Association’s (LIMRA) Life Insurance Barometer Study, one of the top barriers to purchasing life insurance is that it’s not available to purchase online. In CUNA Mutual Group’s effort to make insurance more accessible, we
addressed this challenged by developing a TruStage simplified-issue term life insurance product.

In a recent Forbes.com article titled, “Using Advanced Tech to Provide Life Insurance Online in Minutes,” noted that TruStage, “has written more than $500 million in policies in less than a year … winning a Model Insurer Award from Celent, the financial technology research group.”

TruStage is one of the first-to-market in the industry with a term life insurance product that consumers can purchase completely online. Rates start as low as $3.65/month, and consumers can purchase face amounts between $5,000 and $100,000 to provide protection for home mortgages, children’s’ education, income replacement or final expenses.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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