Best Life Insurance in Sioux Falls, SD (August 2024)


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Updated: October 4, 2024

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The best life insurance company in Sioux Falls, South Dakota for both men and women is Protective. The MoneyGeek score for men is 92, with an average monthly premium of $40. For women, the MoneyGeek score is also 92, with a monthly premium of $33.

These scores and premium costs are based on a 20-year term policy with $500,000 coverage. Different factors should be considered when deciding on what type of life insurance to buy. Your unique needs may mean a different company is best for you.

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 Sioux Falls, South Dakota.

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

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes
MoneyGeek Logo IconBestLife InsuranceSioux Falls, SD
2024

Best Life Insurance Companies in Sioux Falls

Overall Best Life Insurance in Sioux Falls, SD

How was this MoneyGeek score calculated?

In Sioux Falls, the best life insurance company for both men and women is Protective with a MoneyGeek score of 92 out of 100 and an average monthly premium of $40 for men and $33 for women.

Top providers for men:

  • Protective: MoneyGeek score of 92 out of 100 at $40 per month for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $50 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $33 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $42 per month for women

Protective offers the best life insurance in Sioux Falls due to its high MoneyGeek score, indicating strong overall performance in affordability, customer satisfaction and financial stability. This makes it a reliable choice for individuals seeking comprehensive coverage.

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MoneyGeek Top Pick
Protective

For both men and women in Sioux Falls seeking life insurance, Protective emerges as the top choice. With a MoneyGeek score of 92 for both genders, Protective offers substantial value. Men can expect a monthly premium of about $40, while women are quoted around $33.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in Sioux Falls, SD

How was this MoneyGeek score calculated?

In Sioux Falls, Protective stands out as the provider of the best term life insurance for both men and women, with a MoneyGeek score of 91 for men and 92 for women, with average monthly premiums of $20 and $18 respectively. This high score indicates that Protective is a solid choice for individuals seeking reliable term life insurance coverage.

The top two term life insurance companies for men are:

  • Protective: MoneyGeek score of 91 out of 100 at $20 per month for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $24 per month for men

For women, the top two are:

  • Protective: MoneyGeek score of 92 out of 100 at $18 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $24 per month for women

Term life insurance is a policy where coverage is provided for a predetermined period, offering a death benefit if the insured passes away during the term. For example, a parent might opt for term life insurance to ensure their child's education is funded in the event of their untimely death.

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MoneyGeek Top Pick
Protective

In Sioux Falls, Protective stands out as the leading choice for men and women seeking term life insurance. It offers a compelling balance of value and reliability. This company's high scores in customer satisfaction and financial stability make it a noteworthy option for policyholders.

Pros:

  • High customer satisfaction
  • Affordable premiums
  • Strong financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Sioux Falls, SD

How was this MoneyGeek score calculated?

In Sioux Falls, Protective stands out with the best whole life insurance for both men and women, with a MoneyGeek score of 92. This score suggests that Protective offers a reliable and satisfactory insurance experience for its customers.

Top whole life companies for men in Sioux Falls:

  • Protective: MoneyGeek score of 92 out of 100 for men
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 for men

Top whole life companies for women in Sioux Falls:

  • Protective: MoneyGeek score of 92 out of 100 for women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 for women

Whole life insurance provides lifelong coverage and a cash value component, which can be appealing for those seeking a stable, long-term financial safety net.

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MoneyGeek Top Pick
Protective

For both men and women seeking whole life insurance in Sioux Falls, Protective emerges as the top choice. With a MoneyGeek score of 92 for both genders, Protective stands out for its commitment to customer satisfaction and affordability.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could improve

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 Sioux Falls, SD

How was this MoneyGeek score calculated?

In Sioux Falls, Protective stands out as the provider with the best universal life insurance for both men and women, with a MoneyGeek score of 91. This score reflects the company's strong performance across affordability and product diversity. Protective's consistent ranking makes it an optimal choice for individuals looking for a reliable universal life insurance policy.

Best universal life insurance for men:

  • Protective: MoneyGeek score of 91 out of 100 for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best for women's universal life insurance:

  • Protective: MoneyGeek score of 91 out of 100 for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

Universal life insurance is a form of permanent life insurance that offers both a death benefit and a savings component, which can grow over time. For example, someone might choose universal life insurance over term life insurance for its potential cash value accumulation.

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MoneyGeek Top Pick
Protective

In Sioux Falls, Protective is the premier universal life insurance provider for both men and women. With a MoneyGeek score of 91 for both genders, Protective demonstrates a strong commitment to customer satisfaction and financial stability.

Pros:

  • High customer approval
  • Strong affordability
  • Reliable financial stability

Cons:

  • Limited product options
  • Complex buying process

Best No-Medical-Exam Life Insurance in Sioux Falls, SD

How was this MoneyGeek score calculated?

In Sioux Falls, Protective stands out as the best no-medical-exam life insurance provider for both men and women, with a MoneyGeek score of 91 out of 100. Protective's high score suggests reliability and value for the average individual seeking life insurance without the hassle of a medical exam.

Best no-medical-exam life insurance for men:

  • Protective: MoneyGeek score of 91 out of 100 for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best life insurance for women that does not require a medical exam:

  • Protective: MoneyGeek score of 91 out of 100 for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

This type of life insurance is a policy that does not require a medical check-up for approval. It's an excellent option for those who need coverage quickly or have health concerns that could complicate the underwriting process of traditional life insurance.

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MoneyGeek Top Pick
Protective

For those seeking no-medical-exam life insurance in Sioux Falls, Protective stands out as the top choice for both men and women. With an impressive MoneyGeek Score of 91 for both genders, Protective offers a reliable option for life insurance without the hassle of a medical exam.

Pros:

  • High customer satisfaction
  • Strong financial stability

Cons:

  • Buying process could improve

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Sioux Falls, SD

How was this MoneyGeek score calculated?

For seniors in Sioux Falls, Protective stands out with the best term life insurance, scoring a MoneyGeek score of 91 for both men and women. Men can expect a monthly premium of around $87, while women are quoted approximately $78.

Age is a determining factor in life insurance premiums; as individuals age, the risk to insurers increases, leading to higher costs. Protective's high score reflects its commitment to affordability and customer satisfaction, making it an excellent choice for the best term life insurance for seniors.

Best Term Life Insurance for Seniors in Sioux Falls
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyProtectivePremium$87MG Score out of 10091
2CompanyNationwidePremium$86MG Score out of 10090
3CompanyMutual of OmahaPremium$102MG Score out of 10090
4CompanyAllstatePremium$79MG Score out of 10089
5CompanyTransamericaPremium$90MG Score out of 10087
6CompanyHavenPremium$78MG Score out of 10087
7CompanyAAAPremium$120MG Score out of 10087
8CompanyPrudentialPremium$101MG Score out of 10086
9CompanyState FarmPremium$154MG Score out of 10084

Best Term Life Insurance for Smokers in Sioux Falls, SD

How was this MoneyGeek score calculated?

In Sioux Falls, Mutual of Omaha stands out as the provider of the best term life insurance for smokers, with a MoneyGeek Score of 89 for men and 88 for women and average monthly premiums of $56 and $55, respectively. Smoking significantly affects life insurance premiums due to the health risks associated with tobacco use. Insurers calculate higher premiums for smokers to offset these risks.

Mutual of Omaha's high MoneyGeek score reflects a strong balance of affordability, customer satisfaction, financial stability and product diversity. For smokers in Sioux Falls looking for term life insurance, this company's performance in these areas makes it a compelling choice.

Best Term Life Insurance for Smokers in Sioux Falls
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyMutual of OmahaPremium$56MG Score out of 10089
2CompanyNationwidePremium$55MG Score out of 10088
3CompanyProtectivePremium$81MG Score out of 10087
4CompanyHavenPremium$40MG Score out of 10087
5CompanyAAAPremium$60MG Score out of 10087
6CompanyPrudentialPremium$45MG Score out of 10087
7CompanyTransamericaPremium$50MG Score out of 10087
8CompanyState FarmPremium$74MG Score out of 10085
9CompanyAllstatePremium$78MG Score out of 10084

Best Term Life Insurance for Young Adults in Sioux Falls, SD

How was this MoneyGeek score calculated?

Protective offers the best term life insurance for young adults in Sioux Falls, with a MoneyGeek score of 91 and a monthly premium of $11 for women and $12 for men. Age significantly impacts life insurance premiums, with younger individuals typically benefiting from lower costs.

Protective's high MoneyGeek score reflects its strong affordability, customer satisfaction and financial stability. For young adults in Sioux Falls, choosing Protective means securing reliable coverage at a competitive rate.

Best Term Life Insurance for Young Adults in Sioux Falls
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyProtectivePremium$12MG Score out of 10091
2CompanyMutual of OmahaPremium$15MG Score out of 10090
3CompanyNationwidePremium$15MG Score out of 10089
4CompanyAllstatePremium$12MG Score out of 10088
5CompanyAAAPremium$17MG Score out of 10088
6CompanyTransamericaPremium$13MG Score out of 10087
7CompanyHavenPremium$10MG Score out of 10087
8CompanyState FarmPremium$25MG Score out of 10085
9CompanyPrudentialPremium$20MG Score out of 10084
10CompanyBestowPremium$28MG Score out of 10083

Best Cheap Term Life Insurance in Sioux Falls, SD

How was this MoneyGeek score calculated?

In Sioux Falls, the best cheap term life insurance is offered by Protective with a MoneyGeek score of 92 for women and 91 for men. The average monthly premium is $18 for women and $20 for men.

Various factors impact life insurance premiums, including age, health, coverage amount and term length. To get the lowest premiums, maintain excellent health, choose a shorter term and opt for a lower coverage amount.

Best Cheap Term Life Insurance in Sioux Falls
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyProtectivePremium$20MG Score out of 10091
2CompanyNationwidePremium$23MG Score out of 10090
3CompanyAllstatePremium$19MG Score out of 10090
4CompanyHavenPremium$17MG Score out of 10089
5CompanyMutual of OmahaPremium$24MG Score out of 10089
6CompanyTransamericaPremium$21MG Score out of 10089
7CompanyAAAPremium$28MG Score out of 10087
8CompanyPrudentialPremium$30MG Score out of 10084
9CompanyState FarmPremium$40MG Score out of 10082

Average Cost of Term Life Insurance in Sioux Falls, SD

In Sioux Falls, the average monthly cost of term life insurance premiums is $31 for women and $36 for men. Various factors impact premiums, including age, health, lifestyle, occupation, the amount of coverage and the type of policy chosen.

Understanding these factors can help consumers make informed decisions about their life insurance needs. The cost of life insurance in Sioux Falls might differ from the rest of South Dakota due to various reasons. Regional health statistics, local economic conditions and specific risk factors in the area can all play a role.

Additionally, the level of competition among insurers in Sioux Falls can impact premium rates. By considering these factors, consumers can better understand why their premiums are priced the way they are and how to potentially lower their costs.

FAQ About Life Insurance in Sioux Falls, SD

What company has the best life insurance in Sioux Falls for men?
What is the monthly premium cost for the best life insurance for men in Sioux Falls?
What company has the best life insurance in Sioux Falls for women?
What is the monthly premium cost for the best life insurance for women in Sioux Falls?
Is there anything different about life insurance in Sioux Falls compared to the rest of South Dakota?
What happens to your life insurance if a company goes bankrupt in Sioux Falls?
Why might Sioux Falls residents need life insurance?
How do you find a lost life insurance policy in Sioux Falls?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick 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 knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.


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