2026 CMFG Life Insurance Company Review: Rates, Pros & Cons

Featuring many policy options with competitive rates, CMFG could be a solid choice for your life insurance needs. Read our comprehensive CMFG life insurance review to learn about available policy options, pricing, pros, and cons in 2026.

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Updated: August 10, 2026

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MoneyGeek’s Take: Is CMFG Right for You?

CMFG Life Insurance Company offers term and whole life policy options to buyers looking for low coverage amounts and a quick online application process. The company’s products are available under CUNA Mutual Group as the marketing name and sold through TruStage Insurance Agency. The provider may suit those with pre-existing or terminal conditions as they will not have to undergo a medical exam for any policy. CMFG may also suit seniors and those who need accident coverage at no additional cost.

Conversely, CMFG may not be the best if you need a policy with rider options, especially one that offers living benefits. The provider works through credit unions and may limit access to its life insurance products if you are not a member of one. It also offers no funeral expense policy, so you may consider Haven Life if this is a priority for you.

MoneyGeek's review covers key information about CMFG's life insurance product offerings to support informed comparison across its policy types.

At a Glance: CMFG Life Insurance

CMFG
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  • No medical exam required for coverage

  • Online purchase available without agent involvement

  • Coverage available in all states except New York

  • Full premium refund when policy is canceled within 30 days of issuance

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  • Term coverage eligibility cuts off at age 69

  • Above-average customer complaint volume

  • Coverage limits on the lower end of the market

COMPANY HIGHLIGHTS

CMFG sells life insurance policies using the TruStage brand as an affiliate of CUNA Mutual Group. The insurer has been in operation for over 80 years, having a customer base of approximately 20 million. Through TruStage, the company partners with financial professionals, licensed life insurance companies and funeral directors to provide policies to credit union members.

You may purchase two key life insurance products from CMFG: term life and whole life. A funeral expense policy is also available through financial professionals. Rates differ based on the policy type, and you will not need a medical exam to get protection.

Term life insurance is for individuals aged 18–69, whereas whole life insurance is available to everyone, including seniors below the age of 85. The age limit also varies based on the policy type.

Based on the NAIC, CMFG had a customer complaint ratio of 1.02 in 2022, which is slightly higher than the national average, depicting a high number of customer complaints. Nevertheless, the insurer is consistently rated A or Excellent for financial stability by AM Best.

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TABLE OF CONTENTS
Key Takeaways
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CMFG’s term life and whole life insurance policies are available through TruStage Insurance Agency.

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Guaranteed Acceptance Whole Life Insurance is available to all buyers regardless of their health condition.

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CMFG does not require a medical exam for any of its policies, but you may answer a few questions.

CMFG Policy Options Explained

Based on the Life Insurance Marketing and Research Association (LIMRA) 2022 Insurance Barometer Study, 31% of adults in the United States are more likely to buy life insurance following the COVID-19 pandemic, while 68% of the respondents with financial dependents feel more relaxed after getting a life insurance policy. CMFG’s life insurance policies may ensure you get the best protection for your beneficiaries.

Term Life Insurance Options From CMFG

Term life insurance offers protection for a specific time frame and is the most affordable option from CMFG for individuals who do not want a whole life policy. In the event of death, your loved ones will receive a death benefit without a cash benefit. CMFG’s term life insurance requires no invasive tests or medical exams. Your coverage begins as soon as you make your first payment. If you are dissatisfied with the policy or cancel it within 30 days, the insurer will refund your premium. The following term life insurance option is available at CMFG:

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    Simplified Issue Term Life Insurance

    This term policy is for buyers who are 18–69 years old. Premiums for this policy increase at each five-year band from 25 to 75 years. The minimum coverage amount is $5,000, and the maximum limit is $300,000. For amounts that exceed $100,000, rates may spike for tobacco users.

A term life insurance policy from CMFG suits younger buyers, recent homeowners and those starting a family. The lower premiums and defined term make it manageable for policyholders juggling multiple financial commitments. Healthy buyers with budget constraints will find term life the most practical option.

Whole Life Insurance Options From CMFG

A whole life insurance policy provides permanent protection and a cash value component that term policies don't offer. Buyers seeking permanent coverage will find CMFG's whole life option straightforward to obtain, requiring only a few online questions with no physical exam or additional testing.

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    Simplified Issue Whole Life Insurance

    CMFG’s Simplified Issue Whole Life Insurance policy is available through TruStage and has a locked-in rate upfront. That means your premiums won’t change based on age or health condition. There is no option to customize this policy with life insurance riders.

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    Guaranteed Acceptance Whole Life Insurance

    Guaranteed Acceptance Whole Life is available to all buyers aged 45 to 80 years, regardless of their health condition. After the insured passes away, loved ones get a cash benefit that can cover funeral expenses, mortgage payments and other expenses. The policy has one rate for its entire lifetime. Limits range from $1,000 to $25,000. With this policy, your beneficiaries will receive 100% of the premium amount plus 10% if you die in the first two years and the cause is not accidental. If the death is from suicide, benefits will not include the interest amount.

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    DreamSecure Children's Whole Life Insurance

    This policy can help set up your child financially for the future and shares the following features of a standard whole life insurance policy:

    • Permanent coverage
    • Has cash value
    • Premiums won't change

    Although this specific policy has only three coverage levels — $25,000, $50,000 and $75,000 — the insured party can add more protection later if you get the Guaranteed Purchase Option Benefit. There are also just two payment term options — 10 years and 20 years. The former has a slightly more expensive premium but allows you to complete the required payments earlier. The latter is more affordable, but you'll be making payments for a longer time.

A whole life insurance policy from CMFG is the stronger fit for those who need permanent coverage for dependents. Beneficiaries are guaranteed a death benefit as long as premiums remain current. A cash value component that accumulates over time provides an additional layer of financial security for long-term dependents.

Final Expense Insurance Options From CMFG

TruStage offers final arrangements and pre-planning solutions, though its website does not clearly specify whether these policies are underwritten by CMFG.

Final expense insurance provides low-cost protection for end-of-life expenses such as burial costs. Coverage is available at lower limits and reduces the financial burden on beneficiaries after the insured's death.

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CMFG’s Life Insurance Riders

A life insurance rider is an add-on feature to your policy obtained at an additional cost. It allows you to custom-make your life insurance policy to suit your needs.

With most life insurance providers, you can use insurance riders to access more coverage or receive your benefits early. However, CMFG does not offer any riders. Instead, its partner credit union members access free accidental death and dismemberment (AD&D) insurance. With this insurance, your beneficiaries receive a death benefit if your death results from a covered accident. The death benefit is separate from your life insurance policy’s benefit. The longer you keep this insurance, the more your death benefit value increases, and all this is at no extra cost.

In case you or a covered dependent gets injured and is hospitalized for a covered accident for more than seven days consecutively, the insurance pays you a hospital benefit equivalent to 1% of the coverage amount to a maximum of $1,000 monthly and $12,000 yearly.

How to Get CMFG Life Insurance

Understanding how to buy a CMFG policy is the next step after familiarizing yourself with the available policy offerings. It is also essential to have alternative options should your application get denied. The next section discusses the two situations.

How to Buy Life Insurance From CMFG

  1. 1
    Do Your Research

    Start by researching the different types of life insurance available from CMFG. Visit the company website or contact your credit union for more details about the offerings. For instance, you can compare prices for different products by providing details such as your ZIP code, age and date of birth on the company’s pricing page.

  2. 2
    Compare Quotes

    Shop around and see if you can find a better offer. Your actual premium may vary based on factors like your smoking habit, overall health, age and medical history. If you cannot find a plan that fits your needs, you may consider other alternatives available.

  3. 3
    Health Check

    Submit your application and undergo the relevant medical exams, but CMFG's policies don't require a medical exam. Some plan types will require you to respond to a few questions, while others, like the Guaranteed Acceptance Whole Life Insurance, do not include any exam.

  4. 4
    Approval

    Once the application and underwriting requirements are submitted, CMFG will approve or decline the application. Approval allows the first payment to be made and coverage to begin immediately. A credit union or CMFG representative can address any questions or concerns about the policy.

What to Do if CMFG Insurance Denies You Coverage

If your application is declined, consider the following:

  1. 1
    Contact Your Broker

    The most direct path to understanding why an application was declined and how to pursue approval is speaking with the assigned agent.

  2. 2
    Lifestyle Changes

    Depending on the feedback you get, you may need to change your lifestyle to improve your health. That is, if a bad lifestyle or medical exam triggered the rejection. Improving your lifestyle increases the chances that your application will be accepted.

  3. 3
    Explore Other Options

    If you can't get your preferred plan, there are other insurance options. Check the changes in cost and coverage amounts associated with these alternatives.

Frequently Asked Questions About CMFG Life Insurance

MoneyGeek provides answers to the questions and concerns about CMFG.

About Mark Fitzpatrick

Mark Fitzpatrick, Licensed P&C Insurance Expert, MoneyGeek

Mark Fitzpatrick, a licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident expert in insurance and economics. He has spent nearly a decade covering the market, first at LendingTree and now at MoneyGeek, where he analyzes hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.

His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.

Mark studied at Boston College before earning a master's in economics and international relations from Johns Hopkins University. Before MoneyGeek, he worked in financial risk management at State Street. He's also a five-time “Jeopardy!” champion.

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