Trustage Whole Life Insurance Reviews
Trustage Whole Life Insurance Reviews
Understanding Whole Life Insurance
Whole life insurance is a type of permanent life insurance that provides lifelong coverage, as long as you pay your premiums on time. This type of insurance also has a cash value component that builds over time, and can be used in the event of an emergency. It is important to understand that whole life insurance has a variety of benefits, such as providing financial protection for your family in the event of your death, and can also be used as an investment tool.
Trustage Whole Life Insurance Reviews
Trustage offers a variety of whole life insurance plans, including Whole Life, Universal Life, Survivorship Whole Life, and Variable Whole Life. Each of these plans offers a range of benefits, including guaranteed death benefits, flexible premium payments, and the option to borrow against the policy’s cash value. Trustage also offers a range of riders to customize your policy, such as an accidental death benefit rider and a waiver of premium rider.
Trustage’s Whole Life Insurance plans have received generally positive reviews. Customers have praised the company’s competitive rates and the wide range of riders available. Negative reviews have focused on the lack of transparency in the company’s policies and their customer service. Many customers have also noted that the company’s policies have a higher than average cash value.
Pros of Trustage Whole Life Insurance
Trustage Whole Life Insurance has a number of advantages, including:
- Competitive rates
- Flexible premium payments
- Wide range of riders available
- Option to borrow against the policy’s cash value
Cons of Trustage Whole Life Insurance
The main disadvantages of Trustage Whole Life Insurance are:
- Lack of transparency in policies
- Poor customer service
- Higher than average cash value