Best Life Insurance Companies in Minnesota (2025)

If you're shopping for life insurance in Minnesota, you'll want reliable coverage at competitive rates. Protective Insurance ranks first overall among companies offering life insurance in Minnesota according to MoneyGeek's analysis, delivering the balanced approach many families seek.

Protective offers term and permanent policies. Its coverage limits exceed $10 million, making it a good option for high-net-worth families. The standout child term rider automatically increases coverage when children reach 25, outperforming typical industry offerings.

• J.D. Power Rating: 653 (9th place)
• A.M. Best Rating: A+
• BBB Rating: N/A
• Average NAIC Complaint Index: N/A

• Term
• Whole
• Universal
• IUL
• No-Exam

When you're choosing life insurance, exceptional customer service can make all the difference during difficult times. Guardian Life offers the best customer experience in Minnesota, according to MoneyGeek's analysis. The insurer's A++ A.M. Best rating represents the industry's gold standard for financial stability, while its second-place J.D. Power ranking confirms good customer care.

Guardian offers traditional life insurance products, including term, whole and universal life. The company's Charitable Benefit Rider stands out by automatically adding 1% to your death benefit (up to $100,000) for charitable giving at zero cost. With coverage reaching $5 million and consistently low complaint rates, Guardian delivers reliability and service quality that sets it apart.

• J.D. Power Rating: 685 (2nd place)
• A.M. Best Rating: A++
• BBB Rating: A+
• Average NAIC Complaint Index: 0.08

• Term
• Whole
• Universal
• Variable Universal

Lincoln Financial earns MoneyGeek's top spot for budget-conscious Minnesota residents seeking life insurance. Monthly premiums for a $500,000, 20-year term policy average $35 for men and $30 for women.

Its term life insurance options range from 10 to 30 years. Maximum death benefits extend to $5 million with full underwriting, while no-exam policies cap at $1 million. The available child rider adds $15,000 protection per child through age 25 or until the insured reaches 65, making Lincoln Financial ideal for growing Minnesota families prioritizing affordability.

• J.D. Power Rating: 652 (10th place)
• A.M. Best Rating: A
• BBB Rating: A+
• Average NAIC Complaint Index: N/A

• Term
• Universal
• No-Exam

Prudential ranks first in the coverage options category. The carrier offers term life insurance with face amounts exceeding $10 million, meeting stringent financial protection requirements. No-exam underwriting is available for qualified, healthy individuals between 18 and 50, extending to $3 million. Policy terms accommodate diverse planning needs with 10-, 15-, 20- and 30-year options, accepting applicants up to age 75.

The conversion option provides access to permanent insurance without a medical re-evaluation through age 65, contingent upon a five-year policy seasoning period. Prudential's rider portfolio features premium waivers, accidental death coverage, children's riders and terminal illness benefits. The complimentary Living Needs Benefit distinguishes its offering by providing accelerated death benefit access during specific health crises.

• J.D. Power Rating: 626 (17th place)
• A.M. Best Rating: A+
• BBB Rating: A+
• Average NAIC Complaint Index: 10.63

• Term
• Universal
• Indexed Universal
• Variable Universal
• No-Exam

North American is our top pick for whole and universal life coverage in Minnesota. Its universal life products allow policyholders to adjust premiums and death benefits as circumstances change, while whole life offerings guarantee steady cash value accumulation for retirement planning and legacy building.

Minnesota professionals and business owners may find the company's ability to issue policies exceeding $10 million appealing. The insurer's dual A+ ratings from A.M. Best and BBB reflect its commitment to honoring policy obligations and maintaining policyholder confidence.

• J.D. Power Rating: N/A
• A.M. Best Rating: A+
• BBB Rating: A+
• Average NAIC Complaint Index: N/A

• Whole
• Universal
• Indexed Universal
• Term

For indexed universal life insurance in Minnesota, Ethos delivers the best option through its Ameritas partnership. You can choose from diverse index-linked accounts tied to major market indices like the S&P 500, Russell 2000 and NASDAQ-100, plus a guaranteed fixed option for conservative growth. Policies include comprehensive living benefit riders that cover terminal, chronic, and critical conditions at no additional cost.

Ethos eliminates traditional underwriting by leveraging algorithmic assessment tools that provide quick coverage decisions. This technology-forward approach, combined with full disclosure of index crediting mechanics, positions Ethos as the top IUL provider in Minnesota.

• J.D. Power Rating: N/A
• A.M. Best Rating: A+
• BBB Rating: A+
• Average NAIC Complaint Index: N/A

• Term
• Indexed Universal
• No-Exam

Legal & General is the top-rated insurer for term life insurance in Minnesota. The insurer provides accelerated death benefits for terminal conditions at no additional cost, ensuring families receive financial assistance when facing serious health challenges.

The company's conversion privilege extends to age 70, longer than typical industry standards. Its signature stacking rider enables you to combine different term lengths within one contract. This flexibility works great for growing families or changing financial obligations, allowing coverage adjustments without restarting the application process or losing existing benefits.

• J.D. Power Rating: N/A
• A.M. Best Rating: A
• BBB Rating: N/A
• Average NAIC Complaint Index: 0.35

• Term
• Universal
• IUL
• Variable Universal

For guaranteed acceptance life insurance in Minnesota, Mutual of Omaha is the top provider. The company accepts applicants aged 45 through 85 without requiring medical underwriting, making coverage available to those who might struggle with traditional policies. Coverage amounts range from $2,000 to $25,000.

These permanent life insurance policies feature cash value growth that policyholders can borrow against for emergencies or opportunities. During the initial two years, natural death claims receive premium refunds plus 10% interest, while accidental deaths trigger immediate full payouts.

• J.D. Power Rating: 659 (6th place)
• A.M. Best Rating: A+
• BBB Rating: A+
• Average NAIC Complaint Index: 0.51

• Guaranteed Acceptance Whole
• Term
• Whole
• Universal
• IUL

For no-exam life insurance in Minnesota, Pacific Life stands out by offering high coverage amounts without traditional medical requirements. Its accelerated underwriting allows qualified applicants to secure up to $3 million in financial protection, exceeding standard no-exam policy limits offered elsewhere.

Pacific Life's A rating from A.M. Best reflects strong financial stability, while its 0.08 NAIC complaint index indicates good customer service delivery. The company automatically includes terminal illness accelerated death benefits, providing valuable financial protection during critical health events. Additional customization options include child term riders, premium waiver for disability, and guaranteed future insurability features.

• J.D. Power Rating: 657 (7th place)
• A.M. Best Rating: A
• BBB Rating: N/A
• Average NAIC Complaint Index: 0.08

• Term
• Universal
• IUL
• Variable Universal
• No-Exam