Minnesota’s life insurance laws are governed by Chapters 59A to 79A of the Minnesota Statutes.
- 10-day free look period (MN Stat. Ann. 60A.06)
- One-month grace period for every payment after the first one (MN 61A.03)
- Claims accrue interest beginning from the date of death (MN 61A.011)
- Guarantees up to $500,000 for lost death benefits and $130,000 for lost cash surrender value (source)
Keep in mind that life insurance laws are very similar from state to state (for example, Mississippi’s life insurance laws and Missouri’s life insurance laws are nearly identical to those of Minnesota).
How Much Is A $10,000 Whole Life Policy In Minnesota?
The table below shows the rates by age of $10,000 of whole life insurance in Minnesota.
| Age | Male | Male (Smoker) | Female | Female (Smoker) |
|---|---|---|---|---|
| 20 | $14.94 | $17.34 | $13.72 | $16.29 |
| 25 | $15.91 | $17.83 | $14.93 | $17.57 |
| 30 | $17.24 | $20.44 | $16.53 | $19.35 |
| 35 | $18.85 | $21.78 | $17.59 | $20.88 |
| 40 | $21.00 | $24.99 | $19.69 | $23.81 |
| 45 | $23.43 | $28.92 | $22.31 | $27.36 |
| 50 | $28.06 | $34.02 | $24.94 | $32.14 |
| 55 | $32.23 | $40.23 | $27.92 | $37.33 |
| 60 | $38.58 | $47.48 | $33.47 | $42.13 |
| 65 | $48.29 | $58.60 | $41.18 | $50.24 |
| 70 | $60.61 | $71.71 | $52.44 | $60.50 |
| 75 | $97.74 | $133.32 | $71.58 | $94.76 |
| 80 | $134.68 | $182.27 | $98.30 | $135.69 |
| 85 | $188.48 | $258.13 | $132.27 | $192.40 |
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Best Life Assurance In Bloomington
Bloomington, nestled in the rolling hills of southern Indiana, is a vibrant city renowned for its rich cultural tapestry and educational prestige. It is home to the esteemed Indiana University, which brings a youthful energy and intellectual vigor to the city. Bloomington’s downtown is a bustling hub of activity, featuring an array of shops, restaurants, and entertainment options that cater to every taste. The city is also celebrated for its flourishing arts scene, with numerous galleries, theaters, and live music venues offering a variety of cultural experiences. Surrounded by picturesque parks and forests, Bloomington provides a perfect blend of urban sophistication and natural beauty, making it an ideal destination for students, families, and professionals seeking a dynamic and welcoming community.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Minnesota Life Insurance Co | 2850 Metro Dr | +16516651530 |
| Value Plus Insurance | 10800 Lyndale Ave S | +19528849600 |
| Easy Quote, LLC | 10901 Nesbitt Ave S | +16123884278 |
| James M King Insurance | 5270 W 84th St Suite 305 | +19528812685 |
| Canada Life | 8400 Normandale Lake Blvd | +19529212168 |
| VRJ Financial and Insurance Group LLC | 3800 American Blvd W Suite 1500 | +19523952628 |
| Arcadia Insurance Group | 8400 Normandale Lake Blvd #920 | +19528566074 |
| My Insurance Mentor | 900 American Blvd E | +16123264023 |
| Katy Hunter Insurance Agency | 8609 Lyndale Ave S #101g | +19524600273 |
| Leverty Insurance Strategies | 9001 E Bloomington Fwy Suite 122 | +19522344580 |
| Globe Life American Income Division: Sparby Organization | 8011 34th Ave S # 250 | +16123691328 |
| Paul Plum at Comparion Insurance Agency | Centennial Lake Office Park I, 7701 France Ave S Ste. 650 | +19522295689 |
| Erica Brodd at Comparion Insurance Agency | Centennial Lake Office Park I, 7701 France Ave S Ste. 650 | +16124863339 |
| Andrei Shofman at Comparion Insurance Agency | Centennial Lake Office Park I, 7701 France Ave S Ste. 650 | +19522295691 |
| Thomas Anderson at Comparion Insurance Agency | Centennial Lake Office Park I, 7701 France Ave S Ste. 650 | +16126567380 |
Best Coverage In Minneapolis
Minneapolis is a vibrant city located in the heart of the Midwest, famous for its beautiful lakes, lush green parks, and rich cultural scene. Known as one half of the Twin Cities, with its sister city St. Paul, Minneapolis boasts a dynamic mix of contemporary art, music, and theater, alongside historic landmarks like the iconic Stone Arch Bridge. It’s also home to a diverse culinary scene, from cozy cafes to high-end restaurants, encapsulating flavors from around the globe. Minneapolis offers a unique blend of urban excitement and natural beauty, making it a lively and enchanting destination for visitors and residents alike.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Minnesota Life Insurance Co | 2850 Metro Dr | +16516651530 |
| Louiza Niying, Bankers Life Agent | 6800 France Ave S Ste 400 | +19528352611 |
| Spiegler Insurance Services | 3430 List Pl #4565 | +16126550853 |
| Soleiman Insurance Agency | 2910 Pillsbury Ave | +16129914004 |
| Don Hoffer Insurance Agency | 5775 Wayzata Blvd #700 | +19525822995 |
| MIDWEST INSURANCE LLC | 3554 Nicollet Ave | +16122164900 |
| Thrivent Insurance Agency | 600 Portland Ave | +18888344504 |
| Farmers Insurance – Tri Tang | 2522 Nicollet Ave Ste 202 | +16125013615 |
| True North Insurance Agency | 2355 MN-36 #400 | +17634427524 |
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Best Policies In Rochester
Nestled in the scenic state of New York, Rochester stands as a city rich in historical charm and modern dynamism. Known as the Flower City for its beautiful lilac blooms and vibrant festivals, it also boasts a proud heritage as the birthplace of groundbreaking innovations, such as Kodak. Rochester is a hub of cultural diversity, offering an array of museums, art galleries, and performance venues like the renowned Eastman Theatre. The city caters to outdoor enthusiasts with its picturesque parks, such as Genesee Valley Park, and the serene beauty of Lake Ontario’s shores. With its blend of historical allure and contemporary vitality, Rochester offers a unique experience to residents and visitors alike.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Larrabee-Essig Agency | 121 Main St S | +15078673188 |
| Heartman Insurance | 1635 Greenview Dr SW | +15072883834 |
| Dave Faupel Agency | 3552 West River Pkwy NW | +15072698883 |
| RLH Insurance & Benefits | 1491 Monterey Ln SW | +15078846274 |
| North Risk Partners | 2048 Superior Dr NW STE 100 | +15072887600 |
| Stevenson Insurance | 410 1st Ave NW | +15072895663 |
| Brad Johnson – Aflac Insurance Agent | 2774 Commerce Dr NW | +15072890400 |
| Violet Torres – COUNTRY Financial Agent | 2001 2nd St SW #150 | +15072528700 |
| Bankers Life | 1530 Greenview Dr SW Ste 210 | +15072890160 |
| Chris Sanders Insurance Agency | A Farmers Union Agency | 1903 Broadway Ave S Suite 5 | +15072824411 |
| Terry Gries at Comparion Insurance Agency | 320 Alliance Pl | +15075776160 |
| Jennifer (Jen) Schimek, Bankers Life Agent | 1530 Greenview Dr SW Ste 210 | +15072890160 |
| My life guys | 2434 Superior Dr NW # 101 | +15075369176 |
| Jesse Solberg, Bankers Life Agent | 1530 Greenview Dr SW Ste 210 | +15072890160 |
| David Meyer, Bankers Life Agent | 1530 Greenview Dr SW Ste 210 | +15072890160 |
Best Life Cover In Duluth
Duluth, nestled along the picturesque shores of Lake Superior, is a vibrant city in Minnesota known for its natural beauty, historic charm, and bustling cultural scene. As a key port city, it boasts an impressive waterfront with the iconic Aerial Lift Bridge and offers numerous recreational opportunities including hiking on the Superior Hiking Trail, exploring the scenic North Shore, and enjoying waterfront activities. Duluth’s rich heritage is reflected in its well-preserved historic estates and museums, while its contemporary allure is highlighted by a thriving arts community, diverse dining options, and lively events year-round. Whether you’re seeking outdoor adventure, cultural experiences, or simply the tranquility of lakeside living, Duluth encapsulates a unique blend of natural splendor and urban sophistication.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| InsureMeDirectly | 1515 Kenwood Ave Suite 303 | +12183486566 |
| Duluth Insurance Agency | 413 S 20th Ave E | +12187244507 |
| Young & Associates Insurance | Sellwood Building, 202 W Superior St # 400 | +12187221481 |
| Benes Insurance Services | 434-B N 57th Ave W | +12186286180 |
| Hamilton Monroe & Co. | 715 W Superior St Suite 200 | +12182035509 |
| Hanlon and Associates Insurance Agency | 501 S Lake Ave #400 | +12184917855 |
| Johnson Insurance Consultants | 302 W Superior St # 400 | +12186235885 |
| Superior Retirement Services, LLC | 5231 E Superior St | +12183904127 |
| Rolf Flaig – State Farm Insurance Agent | 1315 W Arrowhead Rd | +12187247988 |
| Christensen Group Insurance | 394 S Lake Ave Suite 700 | +12185144541 |
| Horace Mann Insurance Co: Kluenenberg Joseph | 313 N 40th Ave W | +12186242815 |
| Thielke Insurance Agency | 1927 W Superior St | +12187244200 |
| Isaacson & Associates LLC American Family Insurance | 40 W Central Entrance | +12185205000 |
| Dylan Merriman Agency LLC American Family Insurance | 2818 Piedmont Ave a | +12187221178 |
| Allison Hanig-Landrus Agency Inc American Family Insurance | 1131 E 4th St A | +12184916304 |
| Farmers Insurance – Mark Lipke | 394 S Lake Ave Ste 600 | +12185203001 |
| Farmers Insurance – Robert Swor | 4929 Matterhorn Dr | +12187274634 |
Best Life Insurance In Saint Paul
Nestled along the banks of the Mississippi River, Saint Paul is the vibrant capital of Minnesota. Known for its stately Victorian architecture, this city is steeped in rich history and cultural diversity. It serves as one half of the Twin Cities, with the bustling metropolis of Minneapolis on its border. Saint Paul is home to a plethora of museums, parks, and the famed Xcel Energy Center, making it a hub for both nature lovers and sports enthusiasts alike. With its charming neighborhoods, dynamic arts scene, and lively festivals throughout the year, Saint Paul offers a warm, welcoming atmosphere that encapsulates the spirit of the Midwest.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| True North Insurance Agency | 2355 MN-36 #400 | +17634427524 |
| Wiessner Insurance | 250 Hamline Ave S | +16516980771 |
| Dominique Moore Insurance Services | 445 Etna St #62 | +16518009982 |
| Champion Insurance Services Inc | 821 Raymond Ave #400 | +16516446464 |
| Dominique Manor American Family Insurance | 1545 Larpenteur Ave W | +16516399400 |
| Insurance Brokers of MN, Inc. – Timothy Poston | 2136 Ford Pkwy #5084 | +16517319795 |
| V J Insurance | 426 Wabasha St S | +16513307208 |
| Karl Evenson: Allstate Insurance | 7101 10th St N | +16517958608 |
| Minnesota Life Insurance Co: Lyle Thomas | 400 Robert St N | +16516654148 |
| The Grant Insurance Agency | 1821 University Ave W STE 107 | +16122602454 |
| Hmong American Insurance Services Inc | 1090 Rice St | +16517568476 |
| Kub Affordable Insurance St Paul MN | 644 Olive St | +12189228066 |
| Lovan Insurance Agency | 1718 Lexington Ave N | +14172942842 |
| Vj Insurance | 625 University Ave W # 203 | +16513307208 |
| Voosen Co | 1412 Prosperity Ave | +16517748666 |
| Jennifer Barlage American Family Insurance | 1545 Larpenteur Ave W | +16516399400 |
You Won't Find A Lower Rate
Choose kindness.
You never know what battles people may be fighting.
Top Life Insurance Companies In Minnesota
For the residents of the great state of Minnesota, we at GetSure recommend three carriers: Transamerica, Aetna, and Mutual of Omaha.
Transamerica
| Policy Type | Whole Life |
|---|---|
| States | All except NY |
| Ages | 0 – 85 |
| Coverage | $1,000 – $50,000 (varies by age) |
| Duration | Lifelong |
| Waiting Period | No |
| Rate Lock | Yes |
- Very low prices
- No medical exam
- Flat, never-increasing premiums
- No waiting period
- Underwriting has become stricter (e.g., no insulin)
- Coverage limited to $25,000 for older applicants
Mutual of Omaha
| Policy Type | Whole Life |
|---|---|
| States | All except NY |
| Ages | 45 – 85 |
| Coverage | $2,000 – $50,000 |
| Duration | Lifelong |
| Waiting Period | No |
| Rate Lock | Yes |
- Excellent customer service
- No medical exam
- Flat, never-increasing premiums
- No waiting period
- Moderately strict underwriting
Aetna
“Protection Series” Whole Life Insurance
| Policy Type | Whole Life |
|---|---|
| States | All except AK, CA, DC, HI, MA, ME, MN, NY, ND, SD, WA |
| Ages | 45 – 89 |
| Coverage | $2,000 – $50,000 (varies by age) |
| Duration | Lifelong |
| Waiting Period | No |
| Rate Lock | Yes |
- Lenient underwriting
- Shortest application, industry-wide
- Automated underwriting (approval potentially in minutes)
- No medical exam
- Flat, never-increasing premiums
- N/A