Finding affordable life insurance to protect your loved ones can be challenging. As a not-for-profit credit union Travis Credit Union aims to provide members with quality financial products at reasonable rates including life insurance.
In this comprehensive guide, we’ll provide an in-depth look at Travis Credit Union’s life insurance options. We’ll cover policy details, examine sample rates, and ultimately help you determine if their plans make sense for your situation.
Overview of Travis Credit Union Life Insurance
Travis Credit Union offers whole and term life insurance policies to members through TruStage Life Insurance Company. TruStage is the insurance affiliate of credit unions nationwide.
The plans are available with guaranteed acceptance up to coverage limits if you join Travis Credit Union No medical exam is required
You can get quotes and apply for coverage entirely online by phone or in person at a Travis Credit Union branch. Premiums are billed directly to your Travis Credit Union account.
Travis Credit Union Life Insurance Plan Types
TruStage life insurance via Travis Credit Union is available in both term and permanent coverage:
Term life – Provides temporary protection for 10, 15, 20 or 30 years. Pays a death benefit if you pass during the term. No cash value accumulation. Generally the most affordable form of life insurance.
Whole life – Provides lifelong protection as long as you pay the premiums. Builds cash value you can borrow against. Includes an accelerated death benefit rider for terminal illness. More expensive but guarantees coverage for life.
You can also add riders and benefits like accidental death, waiver of premium for disability, and child term insurance.
Sample Travis Credit Union Life Insurance Rates
To give you an idea of pricing, here are some sample monthly rates for a 30 year old non-smoker in excellent health:
- $250,000 Term Life 20 years – $16.45/month
- $250,000 Whole Life – $44.92/month
A 40 year old may pay around $28.69 for $250,000 in 20 year term coverage or $87.25 per month for a whole life policy of the same amount.
Rates are highly customized based on age, health, lifestyle, coverage amount and other attributes. Getting a personalized Travis Credit Union life insurance quote is the best way to see potential pricing.
Pros of Travis Credit Union Life Insurance
There are good reasons Travis Credit Union life insurance may make sense for certain members:
Guaranteed acceptance – No medical exam required to qualify if you join the credit union. This makes getting coverage convenient.
Online application – You can get quotes and apply entirely online without needing to visit a branch.
Well-known insurer – Backed by TruStage Life Insurance Company rather than a lesser known insurer.
Credit union discounts – As a member, you may qualify for discounts up to 15% on coverage.
Premium convenience – Premiums are directly billed to your Travis Credit Union account. No need to remember mailed payments.
For people in good health who value convenience and savings, Travis life insurance is worth considering.
Cons of Travis Credit Union Life Insurance
Here are some potential drawbacks to weigh:
Must join credit union – You have to open a Travis Credit Union account to buy insurance, which may not work if you don’t live nearby.
Rate classes – No rate classes are available. You won’t get discounts for excellent health like with some other insurers.
Limited plan options – Only term and whole life policies offered. No universal or final expense life insurance.
Mixed reviews – Some complaints about poor customer service and claims handling.
For maximum value, compare quotes with other insurers like Haven Life, Ladder, or Bestow who also sell online without medical exams.
Is Travis Credit Union Life Insurance Worth It?
At the end of the day, Travis Credit Union life insurance will make the most sense for members who:
- Want convenient coverage without taking a medical exam
- Prefer to handle the application and billing process online
- Are in average or better health
- Qualify for member pricing discounts
The plans are less ideal if you have access to rate classes with other insurers or want more flexible policy types.
I’d recommend comparing Travis Credit Union quotes with a few competitors like Policygenius, Ladder or Bestow. Look at the premium differences and benefits side by side.
For some members, the convenience and potential savings of buying life insurance through the credit union will be worthwhile. For others, better pricing may be found elsewhere.
How to Get a Free Travis Credit Union Life Insurance Quote
If you want to see potential pricing for term or whole life insurance coverage through Travis Credit Union, you have a few options:
Online – Visit the TruStage website and use the quote tool. You’ll need to provide some basic details about yourself.
By phone – Call 855-612-7909 to speak with a Travis life insurance agent and receive a custom quote.
In person – Visit any Travis Credit Union branch and talk to an insurance representative about life insurance options.
I’d recommend getting quotes for both term and whole life coverage at your desired amount. See how Travis Credit Union’s pricing stacks up against other insurers before deciding.
Having trusted coverage in place can provide tremendous peace of mind knowing your family is protected financially. Take the time to explore Travis Credit Union life insurance as part of your insurance planning.
Highlighted Products and Services
- Skip-A-Pay Request that lets members who are eligible skip two months of payments
- Free Financial Counseling Through GreenPath
- Financial Learning Made Easy Through Our Financial Education Hub
Is buying insurance from a Credit Union or Bank a good deal?
FAQ
Does Travis Credit Union offer life insurance?
What is credit union owned life insurance?
Is credit life insurance a life insurance?
Does Travis credit union offer life insurance?
The insurance offered is not a deposit and is not federally insured or guaranteed by Travis Credit Union. As a TCU member age 18 or older, you can help protect your family’s financial future with Accidental Death and Dismemberment (AD&D) Insurance underwritten by Minnesota Life Insurance Company.
Does Travis credit union offer accidental death & dismemberment insurance?
As a TCU member age 18 or older, you can help protect your family’s financial future with Accidental Death and Dismemberment (AD&D) Insurance underwritten by Minnesota Life Insurance Company. In addition to the $1,000.00 Credit Union Paid Coverage, paid for you by Travis Credit Union, you can purchase additional coverage at group rates.
What is a Travis credit union checking account?
Travis Credit Union checking accounts, also referred to as Share Draft Accounts, provide convenient access to your funds through debit cards, physical checks, and ATMs. Contact the credit union at (707) 449-4000. Manage your daily finances with convenient checking accounts.
Is Travis credit union NCUA insured?
Travis Credit Union, NCUA Insured. All members must open the Travis Credit Union Travis Credit Union Prime Savings Account, and the rate is low compared to the best high-yield savings accounts. Take note you’ll need to maintain at least $100 across savings, money market, checking, and certificates, or you’ll have to pay a $9 quarterly service fee.