Best Life Insurance in Minnesota (May 2024)

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.

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.

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)

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

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)

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

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.

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.

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.

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.

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.