Important Information about Term Life Insurance
Term life insurance can provide affordable, high coverage protection for a specific period of time (term) to help safeguard your family from the loss of your income. If you die during the policy’s term, your beneficiaries receive a benefit. Life insurance options.
If your application is approved and as long as your premiums are paid, the company cannot cancel your policy during the stated term, even if you develop cancer or other health conditions. Only you can cancel your coverage. You have the right to cancel your policy at any time.
When you receive your policy, read it over carefully. If you are not completely satisfied, simply return your policy within 30 days. Any premiums paid will be refunded in full, no questions asked. There is absolutely no risk or further obligation. Guaranteed.
Life insurance proceeds are generally free of income tax, which means beneficiaries can receive every benefit dollar to help cover their needs.
TruStage Term Life Insurance policies have a conversion privilege allowing you to switch all or some of your coverage to a permanent life policy, regardless of your health.
Because it’s important that both spouses have adequate protection, your eligible spouse can apply even if you don't. (Call for spouse rates.) The definition of spouse includes a legal partner as defined by state law.
For help deciding how much coverage you need, a rate quote, or if you just have some general "what-if" questions—speak with a friendly and knowledgeable insurance expert at 1-888-888-0376. You can apply right over the phone, with no medical exam in most cases.
Important Information about Whole Life Insurance
Whole life insurance provides the most comprehensive coverage of various life insurance products. It never expires or ends and you can't outlive it. No matter how and when you die, your beneficiaries receive a benefit.
Unlike term insurance that ends at a certain age, whole life protection is in force for your entire life. As long as premiums are paid, the company can never cancel your coverage or increase your premium during the stated term, even if you develop cancer or other health conditions. Only you can cancel your coverage.
When you receive your policy, read it over carefully. If you are not completely satisfied, simply return your policy within 30 days. Any premiums paid will be refunded in full, no questions asked. There is absolutely no risk or further obligation. Guaranteed.
Life insurance proceeds are generally free of income tax, which means beneficiaries can receive every benefit dollar to help cover their needs.
You can borrow against your policy’s cash value for any needs that arise. Any unpaid loan balance, plus interest, is subtracted from the death benefit.
Because it’s important that both spouses have adequate protection, your eligible spouse can apply even if you don't. (Call for spouse rates.) The definition of spouse includes a legal partner as defined by state law.
For help deciding how much coverage you need, a rate quote, or if you just have some general "what-if" questions—speak with a friendly and knowledgeable insurance expert at 1-855-591-9021. You can apply right over the phone, with no medical exam in most cases.
Important benefits for you and your family:
TruStage Accidental Death and Dismemberment Insurance can be an affordable supplement to life insurance. It pays a cash benefit if an accident causes loss of life, or specific permanent injuries. Here are the details of AD&D coverage:
AD&D from CMFG Life Insurance Company can be an affordable supplement to life insurance, once your life insurance needs are met. It pays a cash benefit for the loss of life, hand, foot, eye, thumb, speech or hearing as a result of an accident.
WHO IS ELIGIBILE? Credit union members ages 18 and over, their spouses,* and their unmarried, dependent (or handicapped) children are eligible. Eligibility ages and requirements for dependent and handicapped children may vary by state, so it’s best to refer to the Certificate of Insurance or call for this information. *The term spouse includes a legal partner as defined by state law.
WHAT IS COVERED? Coverage amounts are shown below. Loss must be from a covered injury within 365 days of the accident. Coverage includes 100% of no-cost Basic coverage and, if selected, a percentage (listed below) of Additional Coverage.
Greater of 100% or $5,000 for members of VT credit unions.
Greater of 100% or $2,500 for members of VT credit unions.
Greater of 50% or $2,500 for members of VT credit unions.
Greater of 25% or $1,000 for members of ME credit unions.
Greater of 25% or $2,500 for members of VT credit unions.
Not available for members of ME or VT credit unions.
Once you or your insured spouse reach age 70, the no-cost and additional coverage amount for that person is reduced by 50%.
ACCEPTANCE GUARANTEED If you are a member of the participating credit union age 18 or older and you return the enrollment form, you will be accepted. No medical questions are required for enrollment.
ADDITIONAL BENEFIT AMOUNTS AND PLANS Because the no-cost Basic coverage may not be enough in the event of a covered accident, you have the option of choosing Additional Coverage from $10,000 to $300,000 at affordable rates. In addition, you can choose to protect just yourself with the Single plan or you can protect all of your loved ones with the Family Plan.
The following additional benefits apply to members of credit unions based in all states except Colorado, Maryland, New York, Nevada, Ohio, Tennessee, Vermont and Washington.
Hospital Confinement Benefit: If you or your covered spouse or child is hospitalized within one year due to injuries caused by a covered accident, and are confined for more than 7 days, we will pay a hospital benefit from the first day of confinement. The benefit will equal 1% of the Additional Coverage for that person for each full month of confinement, up to $1,000 a month or $12,000 a year.
Not available to members of Connecticut, Idaho, and Minnesota credit unions.
Cost of Living Benefit: Every two years, on the anniversary date of your enrollment, your Additional Coverage will be increased by 5%. This is at no added cost to you and will continue as long as you remain insured, or until your coverage has increased a full 25%. For example, if you select $300,000 of coverage, your benefit will increase to $375,000 after 10 years.
Double Accidental Death Benefits: If the insured dies within one year of an accident as a result of traveling on a bus, train, or other public form of transportation as a ticketed passenger, your Additional Coverage benefit doubles.
Below are the additional benefits that are part of the Family Plan.
(All benefits are available in New Jersey for both the Single Plan and Family Plan)
Family Plan Overview: The Family Plan protects you, your spouse and your dependent (or handicapped) children. Your spouse will be insured at 50% of the coverage level you choose. Dependent and handicapped children will be covered at 20%. If you have no dependent or handicapped children, your spouse will be covered for 60%. If you do not have a spouse, each of your dependent children will be insured for 25% of the coverage level you choose.
College Education Benefit for Children and Spouse: Your beneficiary will receive 2% of your accidental death benefit (up to $3,000 per year) for each of your children (and/or spouse) attending college full-time on the date of the accident. Or, the plan will cover children who are in the 12th grade and attend college full-time within 1 year following the accident. College education for your spouse will be covered if he/she enrolls as a full-time student within 2 years following the accident. This education benefit is payable up to 5 years.
Child Savings Fund: If you die as the result of a covered accident while the Family Plan is in force, your beneficiary will receive $1,000 for each child who is an insured dependent on the date of the accident.
What's life insurance for
Not available to members of Connecticut credit unions.
Child Care Assistance: If you or your covered spouse dies from a covered injury, a child care assistance benefit will be paid to your beneficiary. This benefit will be paid for each month (following the death) that any of your covered children (under age 14) require child care service. Child care service must be provided for at least 120 hours per month. The monthly benefit amount (payable for 1 year following the accident) is 1/12 of 2% of the deceased person's Additional Coverage amount, up to a maximum of $160 per month.
Grief Counseling: This unique benefit pays for counseling services (within 1 year of a covered person's accidental death) for covered survivors. The benefit amount is equal to $50 per session, and is limited to a total of 10 sessions for all covered survivors combined.
Not available to members of Connecticut credit unions.
The following exclusions may not apply or may vary by state as described in the certificate issued.
This coverage does not cover loss caused by or resulting from:
intentional self-inflicted injury;
suicide or attempted suicide while sane or insane;
being intoxicated or as a consequence of taking, using or being under the influence of any narcotic unless administered on the advice of a physician;
declared, undeclared war or war-like act or action by a government, sovereign power, regular or irregular military force, or agent or authority of any of them, including but not limited to insurrection, rebellion, and revolution; the use of any weapons of mass destruction, including but not limited to nuclear, biological or chemical weapons;
flying as a pilot or crew member;
participating in any kind of race or competition as a professional;
operating a motor vehicle with a blood alcohol level exceeding the legal limit as defined by the state law in which the accident occurs;
committing or attempting to commit an assault or felony;
any disease, sickness, bodily or mental illness, or complication resulting from medical treatment, surgery, pregnancy or childbirth.
Your coverage cannot be canceled as long as your premiums are paid and the group policy is not terminated.
You will be mailed a Certificate of Insurance. Your coverage becomes effective with the date shown on the Certificate.
The general terms of the insurance plan are described in this summary. A Certificate of Coverage containing exact coverage and benefits will be provided to each participating member.
The following additional benefits apply to members of credit unions based in Colorado, Maryland, Nevada, Ohio, Tennessee, and Vermont.
Hospital Confinement Benefit: If you or your covered spouse or dependent child is hospitalized within one year due to injuries caused by a covered accident, and are confined for more than 7 days, we will pay a hospital benefit from the first day of confinement. The benefit will equal 1% of the Additional Coverage for that person for each full month of confinement, up to $1,000 a month or $12,000 a year.
Not available to members of Maryland and Vermont credit unions.
Cost of Living Benefit: Every two years, on the anniversary date of your enrollment, your Additional Coverage will be increased by 5%. This is at no added cost to you and will continue as long as you remain insured, or until your coverage has increased a full 25%. For example, if you select $300,000 of coverage, your benefit will increase to $375,000 after 10 years. (For members of Colorado and Ohio credit unions, your original Additional Coverage amount will increase 7.5% every year until your coverage has increased a full 75%. For members of Maryland and Vermont credit unions, your original Additional Coverage amount will increase 5.5% every year until your coverage has increased a full 55%.)
Double Accidental Death Benefits: If the insured dies within one year of an accident as a result of traveling on a bus, train, or other public form of transportation as a ticketed passenger — your Additional Coverage benefit doubles.
Rehabilitation: If you or your covered spouse or child suffers an accidental dismemberment, we will pay a benefit for outpatient rehabilitation services. The benefit amount is equal to $100 per session and is limited to the lesser of 10% of his/her Additional Coverage amount or $5,000.
Below are the added benefits that are part of the Family Plan.
Family Plan Overview: The Family Plan protects you, your spouse and your dependent (or handicapped) children. Your spouse will be insured at 50% of the coverage level you choose. Dependent and handicapped children will be covered for 20%. If you have no dependent or handicapped children, your spouse will be covered for 60%. If you do not have a spouse, each of your dependent children will be insured for 25% of the coverage level you choose.
College Education Benefit For Children: If you or your spouse dies from a covered injury, a benefit equal to 2% of the deceased person's Additional Coverage amount (up to $4,000 per year) will be paid to each of your children attending college full-time on the date of the accident. Or, the plan will cover children who are in the 12th grade and attend college full-time within 1 year following the accident. This education benefit is payable each year your covered child qualifies, after the death, up to a maximum of 5 years. If there are no covered children, or none that is eligible for this benefit at the time of the death, the beneficiary will receive a lump sum payment of $3,500.
College Education Benefit For Spouse: If you die from a covered injury, a benefit equal to 2% of your Additional Coverage amount (up to a maximum of $4,000 per year) will be paid for your covered spouse if he or she is currently attending college full-time or enrolls as a full-time student within 1 year of the date of the accident. This benefit is payable for each year your spouse continues his or her education without interruption for a maximum of 5 consecutive years. If your spouse is not eligible for this benefit at the time of the death, he or she may choose to receive a one-time lump sum benefit payment equal to $2,000. If there is no covered spouse, we will pay a one-time lump sum benefit of $2,000.
Child Care Assistance: If you or your covered spouse dies from a covered injury, a child care assistance benefit will be paid to your beneficiary. This benefit will be paid for each month (following the death) that any of your covered children (under age 14) require child care service. Child care service must be provided for at least 120 hours per month. The monthly benefit amount (payable for 1 year following the accident) is 1/12 of 6% of the deceased person's Additional Coverage amount, up to a maximum of $400 per month. If there are no dependent children, or none that are eligible for this benefit at the time of death, the beneficiary will receive a lump sum payment of $2,500.
Child Savings Fund: If you die as the result of a covered accident while the Family Plan is in force, your beneficiary will receive $1,000 for each child who is an insured dependent on the date of the accident.
Common Disaster: If both you and your spouse die as a result of the same accident (and within 90 days of the accident), your spouse's coverage will increase to 100% of your additional amount.
Grief Counseling: This unique benefit pays for counseling services (within 1 year of a covered person's accidental death) for covered survivors. The benefit amount is equal to $50 per session, and is limited to a total of 10 sessions for all covered survivors combined.
The following exclusions may not apply or may vary by state as described in the certificate issued.
This coverage does not cover loss caused by or resulting from
intentional self-inflicted injury;
suicide or attempted suicide while sane or insane;
being intoxicated or as a consequence of taking, using or being under the influence of any narcotic unless administered on the advice of a physician;
declared, undeclared war or war-like act or action by a government, sovereign power, regular or irregular military force, or agent or authority of any of them, including but not limited to insurrection, rebellion, and revolution; the use of any weapons of mass destruction, including but not limited to nuclear, biological or chemical weapons;
flying as a pilot or crew member;
participating in any kind of race or competition as a professional;
operating a motor vehicle with a blood alcohol level exceeding the legal limit as defined by the state law in which the accident occurs;
committing or attempting to commit an assault or felony;
any disease, sickness, bodily or mental illness, or complication resulting from medical treatment, surgery, pregnancy or childbirth.
Your coverage cannot be canceled as long as your premiums are paid and the group policy is not terminated.
You will be mailed a Certificate of Insurance. Your coverage becomes effective with the date shown on the Certificate.
The general terms of the insurance plan are described in this summary. A Certificate of Coverage containing exact coverage and benefits will be provided to each participating member.
The following additional benefits apply to members of credit unions based in New York.
Cost of Living Benefit: Every year, on the anniversary date of your enrollment, your Additional Coverage will be increased by 10%. This is at no added cost to you and will continue as long as you remain insured, or until your coverage has increased a full 100%. For example, if you select $300,000 of coverage, your benefit will increase to $600,000 after 10 years.
Double Accidental Death Benefits: If the insured dies within one year of an accident as a result of traveling on a bus, train, or other public form of transportation as a ticketed passenger — your Additional Coverage benefit doubles.
Below are the added benefits that are part of the Family Plan.
Family Plan Overview: The Family Plan protects you, your spouse and your dependent (or handicapped) children. Your spouse will be insured at 60% of the coverage level you choose. Dependent and handicapped children will be covered for 25%. If you have no dependent or handicapped children, your spouse will be covered for 75%. If you do not have a spouse, each of your dependent children will be insured for 40% of the coverage level you choose.
College Education Benefit For Children: If you or your spouse dies from a covered injury, a benefit equal to 3% of the deceased person's Additional Coverage amount (up to $6,000 per year) will be paid for each of your children attending college full-time on the date of the accident. Or, the plan will cover children who are in the 12th grade and attend college full-time within 1 year following the accident. This education benefit is payable each year your covered child qualifies after your death, up to a maximum of 5 years. If there are no covered children, or none of whom is eligible for this benefit at the time of the death, the beneficiary will receive a lump sum payment of $3,500.
College Education Benefit For Spouse: If you die from a covered injury, a benefit equal to 3% of your Additional Coverage amount (up to a maximum of $6,000 per year) will be paid for your covered spouse if he or she is currently attending college full-time or enrolls as a full-time student within 1 year of the date of the accident. This benefit is payable for each year your spouse continues his or her education without interruption for a maximum of 5 consecutive years. If your spouse is not eligible for this benefit at the time of the death, he or she may choose to receive a one-time lump sum benefit payment equal to $2,000. If there is no covered spouse, we will pay a one-time lump sum benefit of $2,000.
Child Care Assistance: If you or your covered spouse dies from a covered injury, a child care assistance benefit will be paid to your beneficiary. This benefit will be paid for each month (following the death) that any of your covered children (under age 14) require child care service. Child care service must be provided for at least 120 hours per month. The monthly benefit amount (payable for 1 year following the accident) is 1/12 of 6% of the deceased person's Additional Coverage amount, up to a maximum of $600 per month. If there are no dependent children, or none that are eligible for this benefit at the time of death, the beneficiary will receive a lump sum payment of $2,500.
Common Disaster: If both you and your spouse die as a result of the same accident (and within 90 days of the accident), your spouse's coverage will increase to 100% of your additional amount.
Grief Counseling: This unique benefit pays for counseling services (within 1 year of a covered person's accidental death) for covered survivors. The benefit amount is equal to $50 per session, and is limited to a total of 10 sessions for all covered survivors combined.
The following exclusions may not apply or may vary by state as described in the certificate issued.
This coverage does not cover loss caused by or resulting from
intentional self-inflicted injury;
suicide or attempted suicide while sane or insane;
being intoxicated or as a consequence of taking, using or being under the influence of any narcotic unless administered on the advice of a physician;
declared, undeclared war or any act of war;
flying as a pilot or flight crew member except for Professional and Military Pilot or Crew Members (for Additional Coverage only): A total benefit equal to 20% of the Additional Coverage amount will be paid if a covered person is: (1) a professional pilot or crew member and suffers an accidental death or accidental dismemberment while flying a regularly scheduled passenger flight carrying ticketed, fare-paying passengers; or (2) a military pilot or crew member and suffers an accidental death or accidental dismemberment while flying on a military aircraft operating under the authority of any U.S. Armed Forces. (No other benefit is payable for such loss.);
committing or attempting to commit an assault or felony;
any disease, sickness, bodily or mental illness, or complication resulting from medical treatment, surgery, pregnancy or childbirth.
Your coverage cannot be canceled as long as your premiums are paid and the group policy is not terminated.
You will be mailed a Certificate of Insurance. Your coverage becomes effective with the date shown on the Certificate.
The general terms of the insurance plan are described in this summary. A Certificate of Coverage containing exact coverage and benefits will be provided to each participating member.
The following additional benefits apply to residents of Washington.
Hospital Confinement Benefit: If you or your covered spouse or child is hospitalized within one year due to injuries caused by a covered accident, and are confined for more than 7 days, we will pay a hospital benefit from the first day of confinement. The benefit will equal 1% of the Additional Coverage for that person for each full month of confinement, up to $1,000 a month or $12,000 a year.
Cost of Living Benefit: Every two years, on the anniversary date of your enrollment, your Additional Coverage will be increased by 5%. This is at no added cost to you and will continue as long as you remain insured, or until your coverage has increased a full 25%. For example, if you select $300,000 of coverage, your benefit will increase to $375,000 after 10 years. (For residents of Washington, your original Additional Coverage amount will increase 3.5% every year until your coverage has increased a full 35%).
Double Accidental Death Benefits: If the insured dies within one year of an accident as a result of traveling on a bus, train, or other public form of transportation as a ticketed passenger, your Additional Coverage benefit doubles.
Quotes about life insurance
Rehabilitation: If you or your covered spouse or child suffers an accidental dismemberment, we will pay a benefit for outpatient rehabilitation services. The benefit amount is equal to $100 per session and is limited to the lesser of 10% of his/her Additional Coverage amount or $5,000.
Below are the added benefits that are part of the Family Plan.
Family Plan Overview: The Family Plan protects you, your spouse and your dependent (or handicapped) children. Your spouse will be insured at 50% of the coverage level you choose. Dependent and handicapped children will be covered at 20%. If you have no dependent or handicapped children, your spouse will be covered for 60%. If you do not have a spouse, each of your dependent children will be insured for 25% of the coverage level you choose.
College Education Benefit for Children: If you or your spouse dies from a covered injury, a benefit equal to 2% of the deceased person's Additional Coverage amount (up to $4,000 per year) will be paid for each of your children attending college full-time on the date of the accident. Or, the plan will cover children who are in the 12th grade and attend college full-time within 1 year following the accident. This education benefit is payable each year your covered child qualifies after your death, up to a maximum of 5 years. If there are no covered children, or none that are eligible for this benefit at the time of death, the beneficiary will receive a lump sum payment of $3,500.
College Education Benefit for Spouse: If you die from a covered injury, a benefit equal to 2% of your Additional Coverage amount (up to a maximum of $4,000 per year) will be paid for your covered spouse if he or she is currently attending college full-time or enrolls as a full-time student within 1 year of the date of the accident. This benefit is payable for each year your spouse continues his or her education without interruption for a maximum of 5 consecutive years. If your spouse is not eligible for this benefit at the time of death, he or she may choose to receive a one-time lump sum benefit payment equal to $2,000. If there is no covered spouse, we will pay a one-time lump sum benefit of $2,000.
Child Care Assistance: If you or your covered spouse dies from a covered injury, a child care assistance benefit will be paid to your beneficiary. This benefit will be paid for each month (following the death) that any of your covered children (under age 14) require child care service. Child care service must be provided for at least 120 hours per month. The monthly benefit amount (payable for 1 year following the accident) is 1/12 of 6% of the deceased person's Additional Coverage amount, up to a maximum of $400 per month. If there are no dependent children, or none that are eligible for this benefit at the time of death, the beneficiary will receive a lump sum payment of $2,500.
Child Savings Fund: If you die as the result of a covered accident while the Family Plan is in force, your beneficiary will receive $1,000 for each child who is an insured dependent on the date of the accident.
Common Disaster: If both you and your spouse die as a result of the same accident (and within 90 days of the accident), your spouse's coverage will increase to 100% of your additional amount.
EXCLUSIONS: (Residents of Washington
The following exclusions may not apply or may vary by state as described in the Policy issued.
This coverage does not cover loss caused by or resulting from
intentional self-inflicted injury;
suicide or attempted suicide while sane or insane;
being intoxicated or as a consequence of taking, using or being under the influence of any narcotic unless administered on the advice of a physician;
declared, undeclared war or any act of war;
flying as a pilot or flight crew member except for Professional and Military Pilot or Crew Members (for Additional Coverage only): A total benefit equal to 20% of the Additional Coverage amount will be paid if a covered person is: (1) a professional pilot or crew member and suffers an accidental death or accidental dismemberment while flying a regularly scheduled passenger flight carrying ticketed, fare-paying passengers; or (2) a military pilot or crew member and suffers an accidental death or accidental dismemberment while flying on a military aircraft operating under the authority of any U.S. Armed Forces. (No other benefit is payable for such loss.);
participating in any kind of race or competition as a professional;
committing or attempting to commit an assault or felony;
any disease, sickness, bodily or mental illness, or complication resulting from medical treatment, surgery, pregnancy or childbirth.
Your coverage cannot be canceled as long as your premiums are paid.
You will be mailed a Policy of Insurance. Your coverage becomes effective with the date shown on the Policy.
The general terms of the insurance plan are described in this summary. A Certificate of Coverage (and Policy for Additional Coverage) containing exact coverage and benefits will be provided to each participating member.
TruStage™ Accidental Death and Dismemberment Insurance is made available through TruStage Insurance Agency, LLC and issued by CMFG Life Insurance Company. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union.
Underwritten by CMFG Life Insurance Company
P.O. Box 61, Waverly, IA 50677-0061
Members of credit unions based in all states except Colorado, Maryland, New York, Nevada, Ohio, Tennessee, Vermont and Washington
Base Policy Series E10-ADD-2012 and E10a-014-2012
Members of credit unions based in Colorado, Maryland, New York, Nevada, Ohio, Tennessee and Vermont
Base Policy Series E10a-015-2012
Residents of Washington
Base Policy Series E10a-015-2012 and F10a-015-2012-1(WA)
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