South Dakota’s life insurance laws are governed by Title 58 of the South Dakota Codified Laws.
- 10-day free look period (SD Codified Laws 58-15-8.1)
- 30-day grace period (SD 58-15-13)
- Insurers must pay interest on all death benefit claims not paid within 60 days of death or receipt of the claim, whichever is later (SD 58-15-26.1)
- Guarantees up to $300,000 per individual (source)
Keep in mind that life insurance laws are very similar from state to state (for example, Tennessee’s life insurance laws and Texas’s life insurance laws are nearly identical to those of South Dakota).
How Much Is A $10,000 Whole Life Policy In South Dakota?
The table below shows the rates by age of $10,000 of whole life insurance in South Dakota.
| Age | Male | Male (Smoker) | Female | Female (Smoker) |
|---|---|---|---|---|
| 20 | $15.28 | $16.72 | $13.84 | $15.58 |
| 25 | $15.66 | $18.08 | $15.57 | $16.87 |
| 30 | $17.31 | $19.59 | $16.12 | $19.29 |
| 35 | $19.09 | $22.37 | $17.91 | $21.21 |
| 40 | $20.92 | $24.60 | $19.83 | $24.08 |
| 45 | $24.22 | $29.45 | $23.05 | $27.54 |
| 50 | $27.65 | $33.49 | $24.47 | $31.49 |
| 55 | $32.16 | $39.73 | $28.32 | $36.99 |
| 60 | $39.05 | $47.41 | $32.87 | $42.39 |
| 65 | $47.94 | $58.22 | $41.20 | $50.14 |
| 70 | $60.35 | $71.06 | $53.16 | $60.71 |
| 75 | $98.00 | $133.08 | $71.51 | $95.17 |
| 80 | $134.85 | $182.07 | $98.11 | $135.64 |
| 85 | $188.40 | $258.43 | $132.65 | $193.19 |
You Won't Find A Lower Rate
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Best Life Assurance In Rapid City
Rapid City, nestled at the eastern edge of the Black Hills in South Dakota, is a city rich in history and natural beauty. Known as the “Gateway to the Black Hills” and home to the famous Mount Rushmore National Memorial, Rapid City offers a unique blend of outdoor adventures and cultural experiences. Visitors and residents enjoy the vibrant downtown area, featuring the City of Presidents walking tour, charming shops, and diverse dining options. With its close proximity to the majestic Black Hills National Forest, Rapid City serves as a launching point for exploration, including hiking, biking, and discovering the enchanting Custer State Park. Through its engaging attractions, like the interactive Journey Museum and Dinosaur Park, along with its commitment to preserving the heritage of the region, Rapid City provides a captivating blend of past and present.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Bickett Insurance Agency & Financial Solutions | 902 Main Street – Door A | +16053484612 |
| Mountain Plains Insurance | Fischer Rounds & Associates, 2491 W Chicago St | +16057377865 |
| American Income Life – Richard Altig & Ilija Orlovic & Dustin Venekamp | 1602 Mountain View Rd #102 | +14258852838 |
| New York Life Insurance | 2525 W Main St #217 | +16053436565 |
| Herrmann Insurance Agencies | 821 Mt Rushmore Rd | +16057182200 |
| North Risk Partners | 825 Columbus St Suite 2 | +16053427676 |
| Black Hills Insurance Agency, Inc. | 820 St Joseph St | +16053425555 |
| Security First Insurance | 805 5th St | +16053481750 |
| American Benefits Agency. | 429 Kansas City St #6 | +16053437870 |
| Jeb Hoffman: BHFCU Insurance Services | 4624 Creek Dr Ste 5 | +16053416552 |
| South Dakota Senior Insurance Agency | 2218 Jackson Blvd #4 | +16059394825 |
| Aflac Insurance Agent: Patti Molstad | 3409 W Main St | +16053915144 |
| Mike Pyle Agency, Inc American Family Insurance | 1305 W Main St | +16053425448 |
| Anderson Insurance | 3618 Canyon Lake Dr #107 | +16053413701 |
| Life Security Agency | 2050 W Main St #9 | +16053435997 |
| Casey J. Davis Insurance Agency | 650 Flormann St | +16057911531 |
| Clark Ericks Insurance | 429 Kansas City St #6 | +16053433032 |
Best Coverage In Aberdeen
Aberdeen, often referred to as the “Granite City” due to its many enduring grey-stone buildings, is a vibrant port city in Northeast Scotland. It is the gateway to the Grampian Highlands and renowned for its coastal beauty, historical charm, and cultural richness. Aberdeen boasts a dynamic economy, largely driven by the oil industry, which has earned it the nickname “Oil Capital of Europe.” The city is also home to prestigious educational institutions, including the University of Aberdeen, making it a hub for innovation and learning. With its blend of modern attractions and ancient architecture, lush parks, and bustling harbor, Aberdeen offers a unique experience that captivates visitors and residents alike.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Anderson Agency Inc | 415 S Main St #305 | +16052255523 |
| Lance D Thorson – Aflac Insurance Agent | 16 2nd Ave SW | +16052774815 |
| Bill Hoffman Agency Horace Mann Insurance | 110 6th Ave SE | +16052622611 |
| Insurance Plus | 405 8th Ave NW # 204 | +16052254270 |
| Dacotah Insurance | 308 S Main St | +16052297124 |
| Dakota Financial Services | 2324 8th Ave NE | +16052295200 |
| Isaak Insurance Agency | 419 S Roosevelt St | +16057254500 |
| Farmers Union Insurance | 701 N 4th St #425 | +16052292112 |
| Rob Stiehl – State Farm Insurance Agent | 522 S Arch St A | +16058243372 |
| Brian Jorgensen Agency, Inc American Family Insurance | 923 6th Ave SE | +16056227777 |
| Farm Bureau Financial Services | 121 N Roosevelt St | +16052262729 |
You Won't Find A Lower Rate
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Best Policies In Brookings
Brookings, nestled on the southern coast of Oregon, is a picturesque city that beckons with its mild climate and stunning natural beauty. Known for its breathtaking landscapes, it serves as a gateway to the Pacific Ocean, inviting visitors and locals alike to explore its rugged coastline, lush forests, and the spectacular Chetco River. With a vibrant community spirit, the city boasts a variety of cultural events, outdoor activities, and culinary delights, making Brookings a treasure trove for adventurers, nature lovers, and those seeking a serene coastal retreat.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Farmers Union Insurance – Matt Field Agency | 100 22nd Ave S | +16056929224 |
| AMERICAN NATIONAL INSURANCE- ARLT AGENCY LLC | 423 8th St S | +13205834107 |
| American Trust Insurance | 100 Main Ave | +16056926223 |
| Farmers Insurance / Bothun Insurance | 307 6th St | +16056927799 |
| Kevin Witte – State Farm Insurance Agent | 2312 6th St | +16056928383 |
| King Insurance Agency | 101 Main Ave S | +16056920944 |
| Dakota Insurance | 126 Main Ave S Ste. 1 | +16056924433 |
| Dakotaland Community Insurance, LLC | 2423 6th St Ste. 200 | +16056929097 |
| Jade Withers – Aflac Insurance Agent | 518 Main Ave | +16056913470 |
| Adam Holtquist – State Farm Insurance Agent | 511 Main Ave | +16056926225 |
| Tadd Haggerty – Mutual of Omaha Advisor | Eastside Commons, 766 22nd Ave S | +16056951992 |
| Mike Tietjen Agency Inc American Family Insurance | 526 Main Ave A | +16056924900 |
| Paul Kruse – State Farm Insurance Agent | 1024 6th St | +16056925200 |
| Farmers Insurance – Leonard Witte | 768 22nd Ave S | +16056926699 |
Best Life Cover In Sioux Falls
Sioux Falls, nestled in the heart of South Dakota, is the state’s largest city, blending urban sophistication with the scenic beauty of the Big Sioux River. It’s famous for the stunning Falls Park, where the city draws its name, showcasing cascades that have powered the region’s economy since the 19th century. The city is a hub of culture, economy, and education, offering a vibrant arts scene, bustling shopping centers, and a dynamic array of dining and entertainment options. Sioux Falls serves as a healthcare and financial services cornerstone, making it an appealing destination for professionals and families alike. With its blend of natural beauty, historical significance, and modern vitality, Sioux Falls stands as a beacon of growth and opportunity in the Midwest.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Parks Insurance Inc. | 2917 E 57th St | +16053626047 |
| Parks Insurance Agency | 101 S Reid St Suite 307 | +18034777704 |
| Nielsen Insurance Services Inc | 4809 W 41st St | +16053618831 |
| Midwest Benefit Solutions | 1919 W 57th St | +16053217874 |
| Jack Goihl – Agent at New York Life (Aseguranza de vida y servicios financieros) | 5101 S Nevada Ave Unit 200 | +17632328092 |
| Scott Tyler Insurance Team | 4804 S Minnesota Ave Ste 101 | +16053668461 |
| Madison Gray, Bankers Life Agent | 4306 S Technology Dr | +16053626216 |
| Lance Loof – Mutual of Omaha | 6809 S Minnesota Ave Unit 202 | +16052714100 |
| Dakota Case, Bankers Life Agent | 4306 S Technology Dr | +16053626216 |
| Prins Insurance | 4101 S Southeastern Ave | +16053325300 |
| Thomas G. Hein – New York Life | 5101 S Nevada Ave Unit 200 | +16053618400 |
| Erickson Jason | 5101 S Nevada Ave Unit 200 | +16053731457 |
Best Life Insurance In Watertown
Watertown is a charming city that embodies a perfect blend of historic appeal and modern vibrance. Nestled in the heart of the state, Watertown is known for its picturesque landscapes, serene rivers, and a rich tapestry of cultural and recreational attractions. The city boasts a diverse community that values heritage, innovation, and a high quality of life. With its thriving downtown, lush parks, and friendly atmosphere, Watertown offers an idyllic setting for residents and visitors alike to explore, connect, and create lasting memories. Whether you’re drawn to its historic sites, looking to indulge in its culinary delights, or seeking outdoor adventures, Watertown provides a welcoming backdrop for all walks of life.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Meyer Insurance | 1933 Willow Creek Dr | +16057535698 |
| Schulz Insurance | 24 N Broadway | +16058861525 |
| KRANZ INSURANCE – Watertown Insurance LLC | 113 1st Ave NW | +16058864200 |
| Wishard Insurance | 922 W Kemp Ave | +16058825773 |
| Beebe Agency | 21 1st Ave SE | +16058828689 |
| Glacial Lakes Insurance Inc. | 1505 10th Ave SE #2 | +16059563445 |
| Freimark & Associates Inc. | 812 10th St SW | +16058821688 |
| New York Life Insurance | 1414 9th Ave SE | +16058869043 |
| Brandenburger Agency | 414 10th St NW | +16052288120 |
| Heather Bramer – Aflac Insurance Agent | 808 S Maple | +16058844379 |
| Farmers Union Insurance – Nichols Insurance Agency | 814 10th St SW | +16058869683 |
| Ellingson Agency, LLC – Representing American National Insurance | 17251 449th Ave | +12185560496 |
| Farm Bureau Financial Services | 214 9th Ave SE | +16058783237 |
| Heaton Insurance Agency | 804 2nd St SE | +16058782111 |
| Mark Weber Agency | 214 9th Ave SE | +13202261146 |
You Won't Find A Lower Rate
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You never know what battles people may be fighting.
Top Life Insurance Companies In South Dakota
For the residents of the great state of South Dakota, we at GetSure recommend three carriers: Transamerica, Aetna, and Mutual of Omaha.
Transamerica
“Immediate Solution” Whole Life Insurance
| 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
“Living Promise” Whole Life Insurance
| 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
