Best Life Insurance in Minnesota (May 2024)


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Updated: July 15, 2024

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For women, the top life insurance provider is Nationwide, achieving a MoneyGeek score of 97 with a monthly premium of $19. For men, Nationwide is also the best life insurance, with a MoneyGeek score of 97 and a monthly premium of $19.

When considering life insurance, factors such as cost, customer satisfaction and financial stability play important roles in deciding which company aligns best with your individual needs.

Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Minnesota.

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Coverage costs and company information for life insurance providers were updated in May 2024.

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes

Best Life Insurance in Minnesota: Summary

Data filtered by:Results filtered by:
Category:
Category:Best Life Insurance Overall
Gender:
Gender:M
NationwideRank1MoneyGeek Score97
GEICORank2MoneyGeek Score97
Mutual of OmahaRank3MoneyGeek Score96
ProtectiveRank4MoneyGeek Score95
AllstateRank5MoneyGeek Score94

Overall Best Life Insurance in Minnesota

How was this MoneyGeek score calculated?

Nationwide stands out as the premier provider of life insurance in Minnesota for both men and women, earning a MoneyGeek score of 97 out of 100 with an average monthly premium of $19.

Delving into the top providers, the following are the top three highest MoneyGeek scores:

  • Nationwide: MoneyGeek score of 97 out of 100 ($19 per month for men and women)
  • GEICO: MoneyGeek score of 97 out of 100 ($17 per month for men and women)
  • Mutual of Omaha: MoneyGeek score of 96 out of 100 ($19 per month for men and $17 for women)

These scores reflect the insurers' blend of affordability, stability and client satisfaction.

Overall Best for Men: Nationwide

COMPANY HIGHLIGHTS

Nationwide is the top-ranked company for the best life insurance in Minnesota for men, earning an impressive MoneyGeek score of 97. With a monthly premium of about $19, it's a financially sound choice for those prioritizing quality coverage and satisfaction.

Pros:

  • High levels of customer satisfaction
  • Competitive affordability
  • Diverse range of products

Overall Best for Women: Nationwide

COMPANY HIGHLIGHTS

Nationwide stands out as the top choice for the best life insurance in Minnesota for women. With an overall MoneyGeek score of 97 and an estimated monthly premium of $19, Nationwide delivers exceptional value and quality.

Pros:

  • Exceptional customer satisfaction
  • High affordability rating
  • Diverse range of products available

Best Term Life Insurance in Minnesota

How was this MoneyGeek score calculated?

Nationwide is the top provider of the best term life insurance in Minnesota for both men and women, with a MoneyGeek score of 97 and a monthly premium of $16.

The top three highest MoneyGeek scores are:

  • Nationwide: MoneyGeek score of 97 out of 100 ($16 per month for men and women)
  • GEICO: MoneyGeek score of 97 out of 100 ($13 per month for men and women)
  • Mutual of Omaha: MoneyGeek score of 96 out of 100 ($16 per month for men and women)

Best Term Life: Nationwide

COMPANY HIGHLIGHTS

Nationwide shines as the leading choice for the best term life insurance in Minnesota, with an outstanding MoneyGeek score of 97 and a modest monthly premium of $16 for men and women.

Pros:

  • High customer satisfaction
  • Affordable
  • Diverse product offerings

Best Whole Life Insurance in Minnesota

How was this MoneyGeek score calculated?

State Farm is the best whole life insurance in Minnesota, with a MoneyGeek score of 99 for both men and women.

The top three highest MoneyGeek scores in Minnesota are:

  • State Farm: MoneyGeek score of 99 out of 100
  • Nationwide: MoneyGeek score of 98 out of 100
  • Mutual of Omaha: MoneyGeek score of 96 out of 100

Best Whole Life: State Farm

COMPANY HIGHLIGHTS

With an overall MoneyGeek score of 99, State Farm stands as the best choice for the best whole life insurance in Minnesota for men and women.

Pros:

  • High customer satisfaction ratings
  • Diverse range of insurance products
  • Excellent financial stability

Cons:

  • Lower affordability score
  • The buying process could be improved

Compare Life Insurance Rates

Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.

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Best Universal Life Insurance in Minnesota

How was this MoneyGeek score calculated?

Nationwide stands as the leading provider of the best universal life insurance in Minnesota for both men and women, achieving a MoneyGeek score of 99. The top three companies with the highest scores for life insurance consumers are:

  • Nationwide: MoneyGeek score of 99 out of 100
  • State Farm: MoneyGeek score of 98 out of 100
  • American Family: MoneyGeek score of 97 out of 100 (for men); Mutual of Omaha: MoneyGeek score of 97 out of 100 (for women)

Best Universal Life: Nationwide

COMPANY HIGHLIGHTS

Nationwide stands out as the premier company offering the best universal life insurance in Minnesota, tailored for both men and women. It earned an impressive overall MoneyGeek score of 99.

Pros:

  • High customer satisfaction levels
  • Strong affordability rating
  • Diverse range of insurance products

Best No-Medical-Exam Life Insurance in Minnesota

How was this MoneyGeek score calculated?

Nationwide emerges as the leading provider of the best no-medical-exam life insurance in Minnesota, earning an impressive MoneyGeek score of 99 for both men and women.

Here are the top three highest MoneyGeek scores:

  • Nationwide: MoneyGeek score of 99 out of 100
  • State Farm: MoneyGeek score of 99 out of 100
  • Mutual of Omaha: MoneyGeek score of 97 out of 100

Best for No-Medical-Exam: Nationwide

COMPANY HIGHLIGHTS

Nationwide stands out as the leading provider of no-medical-exam life insurance in Minnesota for both men and women, with a stellar MoneyGeek score of 99.

Pros:

  • High customer satisfaction
  • Affordable insurance options
  • Diverse products

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Minnesota

How was this MoneyGeek score calculated?

Nationwide has emerged as the superior provider for the best term life insurance for seniors in Minnesota, achieving the highest MoneyGeek score for both men and women. Nationwide’s MoneyGeek score is an impressive 98 for men and 97 for women, with its monthly premiums standing at $61 and $59, respectively.

Nationwide distinguishes itself through its exceptional satisfaction and stability scores, alongside competitive affordability, which make it the leading choice for term life insurance.

Best Term Life Insurance for Seniors in Minnesota
Data filtered by:Results filtered by:
Sex:
Sex:M
NationwideRank1Monthly Premium$61MoneyGeek Score98
GEICORank2Monthly Premium$57MoneyGeek Score96
Mutual of OmahaRank3Monthly Premium$67MoneyGeek Score96
PrudentialRank4Monthly Premium$56MoneyGeek Score95
ProtectiveRank5Monthly Premium$60MoneyGeek Score95

Best Term Life Insurance for Smokers in Minnesota

How was this MoneyGeek score calculated?

Nationwide stands out as the best term life insurance provider for smokers in Minnesota for both men and women, with a MoneyGeek score of 96 for men and 95 for women. The monthly premium costs are $68 for men and $66 for women.

These scores highlight Nationwide's excellence in customer satisfaction, affordability, diversity, process and stability, which contribute significantly to its top MoneyGeek score.

Best Term Life Insurance for Smokers in Minnesota
Data filtered by:Results filtered by:
Sex:
Sex:M
NationwideRank1Monthly Premium$68MoneyGeek Score96
GEICORank2Monthly Premium$52MoneyGeek Score96
PrudentialRank3Monthly Premium$50MoneyGeek Score95
Mutual of OmahaRank4Monthly Premium$65MoneyGeek Score95
State FarmRank5Monthly Premium$83MoneyGeek Score95

Best Term Life Insurance for Young Adults in Minnesota

How was this MoneyGeek score calculated?

Nationwide stands as the top provider of the best term life insurance for young adults in Minnesota, for both men and women. It earned a MoneyGeek score of 97 with approximate monthly premiums of $10 for both genders.

Nationwide distinguishes itself through its top-notch customer satisfaction and commitment to affordability and process efficiency.

Best Term Life Insurance for Young Adults in Minnesota
Data filtered by:Results filtered by:
Sex:
Sex:M
NationwideRank1Monthly Premium$10MoneyGeek Score97
GEICORank2Monthly Premium$8MoneyGeek Score97
Mutual of OmahaRank3Monthly Premium$10MoneyGeek Score96
ProtectiveRank4Monthly Premium$8MoneyGeek Score95
PrudentialRank5Monthly Premium$11MoneyGeek Score93

Best Cheap Term Life Insurance in Minnesota

How was this MoneyGeek score calculated?

Nationwide stands out as the top provider of the best cheap term life insurance in Minnesota, with a MoneyGeek score of 97 for both men and women. It offers notable plans at approximately $16 per month, representing a balance between affordability and comprehensive coverage.

Best Cheap Term Life Insurance in Minnesota
Data filtered by:Results filtered by:
Gender:
Gender:M
NationwideMonthly Premium$16MoneyGeek Score97
GEICOMonthly Premium$13MoneyGeek Score97
Mutual of OmahaMonthly Premium$16MoneyGeek Score96
ProtectiveMonthly Premium$13MoneyGeek Score96
AllstateMonthly Premium$16MoneyGeek Score95

Average Cost of Term Life Insurance in Minnesota

The average cost of monthly premiums in Minnesota is $64 for women and $77 for men. Factors influencing the average cost of life insurance in Minnesota include age, health, occupation, coverage amount and term length. Policies for older individuals or those with health concerns typically incur higher costs due to increased risk.

FAQ: Life Insurance in Minnesota

What is the best life insurance in Minnesota for men?
How much is life insurance in Minnesota for men?
What is the best life insurance in Minnesota for women?
How much is life insurance in Minnesota for women?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master's degree in Economics and International Relations from Johns Hopkins University and a bachelor's degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.


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