Trustage is an online provider of term life insurance products offered through the United Mutual life Insurance Company. Trustage offers consumers the ability to purchase term life insurance online, without the need for a medical exam or lengthy paperwork. Trustage offers several types of policies, including level term, convertible term and decreasing term life insurance policies.
Understanding Life Insurance
Life insurance is an important financial product for many people, providing financial protection for loved ones in the event of an unexpected death. Term life insurance is the most common type of life insurance, providing a death benefit for a specified period of time. The premium for term life insurance is typically much lower than the premiums for whole life insurance, which is a type of life insurance with a cash value component.
Trustage Term Life Insurance Options
Trustage offers three types of term life insurance policies, each offering different benefits. The level term policy provides coverage for a specified period of time at a fixed rate. A convertible term policy provides the same coverage, but allows the policyholder to convert to a permanent life insurance policy without obtaining a new medical exam. The decreasing term policy provides a death benefit that decreases over the life of the policy.
Trustage Term Life Insurance Rates
Trustage offers competitive rates for its term life insurance policies. The rates are based on the age and health of the insured and the amount and type of coverage. Trustage offers a rate calculator on its website, allowing consumers to get an idea of the cost of coverage before they apply.
Benefits of Trustage Term Life Insurance
Trustage term life insurance offers several benefits, including the ability to purchase coverage without a medical exam. This is a great option for those who do not want to take the time to go through the medical exam process. Trustage also offers competitive rates and flexible coverage options.
Factors to Consider When Purchasing Trustage Term Life Insurance
When purchasing Trustage term life insurance, it is important to consider the amount of coverage needed. It is also important to consider the length of the term, as well as the type of coverage. The cost of the coverage should also be considered, as well as any additional riders or benefits that may be available.
Purchasing Trustage Term Life Insurance
Purchasing Trustage term life insurance is a straightforward process. Consumers can apply online without the need for a medical exam or lengthy paperwork. Once the application is approved, the policy will be issued and the coverage will take effect.
Conclusion
Trustage term life insurance is a great option for those who are looking for life insurance coverage without the hassle of a medical exam. Trustage offers competitive rates, flexible coverage options and the ability to purchase coverage online without the need for lengthy paperwork. Consumers should compare rates and coverage options to ensure they are getting the best coverage for their needs.