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2024

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Best Life Insurance Companies in Bloomington, MN

Our Recommended Top 18

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored Bloomington life insurance companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

3845Reviewed

2314Curated

18Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

15870 Franklin Trail Southeast, Prior Lake, MN 55372
WebsiteLicense: 20314087

Expertise.com Rating

Review Sources

Facebook
5.0 (4)

Why choose this provider?

Oak Tree Insurance is a Minnesota-based independent insurance agency catering to Bloomington and Prior Lake. It provides exhaustive life insurance plans with options for disability, universal life, return of premium term life, instant issue term life, and whole life insurance. The agency was founded in 2013 by Corey Stich, a banker and financial advisor who has been in the financial industry since 2001. Oak Tree Insurance is an Atlas Insurance Brokers partner and represents carriers such as Nationwide, AAA, Progressive, and American Modern.

  • Life Insurance

20960 Holyoke Avenue, Lakeville, MN 55044
WebsiteLicense: 40473904

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5.0 (29)

Why choose this provider?

Insuring Minnesota is an independent full-service insurance agency catering to clients in the Bloomington area. Its personal insurance products include life and health insurance as well as coverage for boats, cars, motorcycle, and homes. Insuring Minnesota specializes in providing business insurance for a wide variety of businesses, including bars, craft breweries, restaurants, tree service, and septic contractors. It also offers coverage for commercial vehicles, general business liabilities, and workers' compensation. Insuring Minnesota was founded in 1982.

  • Life Insurance

9001 East Bloomington Freeway, Bloomington, MN 55420
WebsiteLicense: 20058070

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Review Sources

Google
5.0 (1)

Why choose this provider?

Leverty Insurance Strategies is a Bloomington-based insurance company that has been offering life coverage since 2018. The company is owned and led by John Leverty who has been in the industry since 1990 and specializes in life, health, and disability insurance policies. Leverty Insurance Strategies caters to individual solutions including long-term care and health insurance products. The company also handles business insurance covering group insurance plans, dental, and disability. It also offers travel and medicare insurance to its clientele.

  • Life Insurance

15250 Wayzata Boulevard, Wayzata, MN 55391
WebsiteLicense: 8944292

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Facebook
5.0 (20)
Yelp
4.0 (1)

Why choose this provider?

Minnesota Insurance Group, Inc., is an independent insurance agency that offers term life, universal life, and whole life insurance plans to clients in Bloomington and the surrounding areas. It also provides personal insurance policies, which cover motorcycles, boats, recreational vehicles, condos, and homes. Moreover, it handles business owners' insurance, commercial property insurance, general liability insurance, employee practices liability insurance, and cyber liability insurance plans. Its president is Dawn Bijou Janes-Bartley.

  • Life Insurance
  • Health Insurance

900 American Boulevard East, Bloomington, MN 55420
WebsiteLicense: 20353045

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Google
3.0 (11)
Facebook
5.0 (6)

Why choose this provider?

Aklog Asfaw Agency is a life insurance company serving clients in Bloomington and the surrounding areas. The business offers a wide range of life insurance coverage, including term, whole, universal, and return of premium term life. It also offers products for health, home, renters, car, and business insurance. Its owner, Aklog Asfaw, is a member of Atlas Insurance Brokers and has been in the industry for over seven years. Moreover, the business represents multiple insurance carriers, including MetLife, Travelers, and Progressive.

  • Life Insurance
  • Health Insurance

783 Radio Drive, Woodbury, MN 55125
WebsiteLicense: 40571855

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Google
4.0 (11)
Facebook
5.0 (2)

Why choose this provider?

Red Rock Insurance Agency has been helping to secure the lives of residents in Bloomington for more than 25 years. This local firm offers a wide variety of personalized insurance products such as home, life, health, motorcycle, and business insurance. Furthermore, this firm provides car insurance that offers protection against injury resulting from traffic collisions and against liability that could arise from incidents in a vehicle. Red Rock Insurance Agency's goal is to create lasting relationships with its clients.

  • Life Insurance
  • Term Life Insurance
  • Permanent Life Insurance Policy

8609 Lyndale Avenue South, Bloomington, MN 55420
WebsiteLicense: 40575543

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Google
5.0 (3)
Facebook
5.0 (1)

Why choose this provider?

Katy Hunter Insurance Agency has been delivering personalized coverage plans to the residents of Bloomington since 2013. It offers term life, whole life, universal life, return of premium term, and instant issue term insurance plans. The company works with more than 25 carriers to provide its clients various life insurance options and aid them in choosing one that is suitable for themselves and their families. Katy Hunter Insurance Agency also handles auto, motorcycle, cabin, condo, health, and business insurance.

  • Life Insurance

7700 Equitable Drive, Eden Prairie, MN 55344
WebsiteLicense: 6499

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Why choose this provider?

Boys & Tyler Financial Group, Inc. provides an array of financial solutions to individuals and business owners in Bloomington. It offers life insurance policies including term life insurance, variable life insurance, universal life insurance, and whole life insurance. The company also has other individual products like medical insurance, dental insurance, long-term care insurance, disability income, and health saving account. Boys & Tyler Financial Group, Inc. has a strong focus on helping clients pursue their financial goals.

  • Life Insurance
  • Term Life Insurance

250 Hamline Avenue South, Saint Paul, MN 55105
WebsiteLicense: 642

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Facebook
5.0 (7)

Why choose this provider?

Established in 1960, Wiessner Insurance Agency is a family-owned company that serves clients in St. Paul and the surrounding areas, including Bloomington. The agency offers life, health, home, and auto insurance plans. It also provides commercial insurance solutions, such as business buildings and contents insurance, as well as employer's liability, public liability, and product liability insurance. It partners with insurance carriers such as AAA Insurance, Safeco, Wilson Mutual, Allied, Foremost, and MetLife Insurance as well. Wiessner Insurance Agency has two locations in St. Paul.

  • Life Insurance
  • Health Insurance

15025 Garrett Avenue, Apple Valley, MN 55124
WebsiteLicense: 20453580

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5.0 (6)

Why choose this provider?

Mayer Insurance Agency is dedicated to helping individuals, families, and businesses design the coverage they need. It encourages clients to realize their insurance goals and offers coverage options with the flexibility to match their requirements. The firm offers insurance products such as life, health, home, and auto insurance. As an independent agency, it represents several carriers including Allied Insurance, MetLife, Kemper, and Foremost. Located in Apple Valley, Mayer Insurance has been serving clients across Bloomington and the surrounding areas for more than 25 years.

  • Life Insurance
  • Health Insurance

113 3rd Street East, Carver, MN 55315
WebsiteLicense: 20435957

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Review Sources

Google
5.0 (5)

Why choose this provider?

Carver Insurance Group is an insurance agency that offers various insurance packages for customers in Bloomington. Its insurance solutions are customized to fit the unique financial needs and circumstances of clients. Its agents provide life insurance policies to protect families and loved ones in the event of death. As an independent agency, it allows clients to choose life insurance with varying terms and coverages. Some of the agency's insurance carrier partners are Nationwide, Ram Mutual, SafeCo, and Encompass Insurance.

  • Life Insurance

14579 Grand Avenue, Burnsville, MN 55306
WebsiteLicense: 20254508

Expertise.com Rating

Review Sources

Facebook
5.0 (2)

Why choose this provider?

Value Plus Insurance is an independent agency serving the Bloomington metro. Its insurance professionals help families and individuals obtain life insurance plans which include term and variable coverages. They also offer health, auto, commercial, homeowners, and renter's insurance. Owned by Mark Sibenaller and Rick Mogelson, Value Plus Insurance works with multiple carriers in creating personalized insurance coverages suited to the clients' needs. Sibenaller has been in the insurance industry for nearly 25 years, while Mogelson started his insurance career in 1998.

  • Life Insurance
  • Health Insurance

2626 E 82nd St 390, Bloomington, MN 55425
WebsiteLicense: 20475265

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Google
4.0 (140)
Facebook
3.0 (5)
Yelp
5.0 (1)

Why choose this provider?

Casey Charlson is a third-generation State Farm agent serving clients in Bloomington and the neighboring areas. He provides life insurance plans with options for universal, term, and whole life coverages. He also assists clients with their health insurance needs and offers policies for businesses, properties, homes, automobiles, and pets. Casey and his team have nearly a century’s worth of combined experience. He is also a qualifier for the Ambassador Club, Chairman’s Circle, SVP Club, and President’s Club.

  • Life Insurance
  • Health Insurance

16186 Main Avenue Southeast, Prior Lake, MN 55372
WebsiteLicense: 6719

Expertise.com Rating

Review Sources

Google
4.0 (13)

Why choose this provider?

Speiker & Company, Ltd., addresses the life insurance needs of clients in Bloomington and the surrounding communities. It assists its clients in finding the right insurance coverage to help them pay their mortgage, college funds, and final expenses. Its life insurance options include universal and whole life, as well as simplified issue for children. Speiker & Company also provides options for health and business insurance. Moreover, it is a Trusted Choice agency, working with various carriers, including Travelers, Humana, and Progressive.

  • Life Insurance
  • Health Insurance

7600 Parklawn Avenue, Minneapolis, MN 55435
WebsiteLicense: 40118384

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

R Kemp Agency near Bloomington is an independent insurance agency that specializes in insurance products and personal finance solutions in the metro. The company has been operating for more than 50 years and provides both personal and business insurance lines. Its life insurance products include term insurance and permanent insurance that provides financial compensation to policyholders upon death. It also offers specialty life insurance products such as Medicare, long-term care insurance, as well as retirement insurance plans.

  • Life Insurance
  • Long Term Care

14198 Commerce Avenue Northeast, Prior Lake, MN 55372
WebsiteLicense: 20226834

Expertise.com Rating

Review Sources

Facebook
5.0 (6)

Why choose this provider?

AB & B Insurance is a life insurance agency serving clients in Bloomington and its surrounding areas. The company provides a wide range of options for life insurance including term, whole, and universal. Other insurance products for homes, condominiums, vehicles, contractors, and businesses are also available. Owned by Dennis Trabing, this independent agency has partnered with top insurance carriers, such as The Hartford, Stillwater Insurance Group, Bristol West Insurance Group, Safeco Insurance, and Foremost Insurance Group.

  • Life Insurance

6620 Penn Avenue South, Minneapolis, MN 55423
WebsiteLicense: 40385939

Expertise.com Rating

Review Sources

Google
4.0 (112)
Facebook
4.0 (25)
Yelp
3.0 (2)

Why choose this provider?

Karl Herman is an insurance agent from State Farm who has been helping clients protect their assets and dependents since 2016. With a combined experience of 75 years, his team offers life insurance and financial services to clients. Other products provided include auto insurance, homeowners insurance, property insurance, business insurance, and health insurance. Karl also has expertise in providing banking solutions, mutual funds investment, and annuities. He supports numerous non-profit organizations and is fluent in English, Arabic, and French.

  • Life Insurance
  • Health Insurance

700 Commerce Drive Suite 160, Woodbury, MN 55125
WebsiteLicense: 40289831

Expertise.com Rating

Review Sources

Facebook
5.0 (3)

Why choose this provider?

Cludy Family Insurance is an independent insurance agency that serves clients in Bloomington. It offers two life insurance plans for individuals, including term insurance and permanent insurance. It also offers other types of insurance products, such as auto, home, and health insurance. To deliver insurance policies that suit the needs of individuals and businesses, Cludy Family Insurance works with more than 30 insurance companies. Brian Cludy established the agency in 2010. He has more than 15 years of experience in the insurance industry.

  • Life Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Oak Tree Insurance
15870 Franklin Trail Southeast, Prior Lake, MN 55372
Insuring Minnesota
20960 Holyoke Avenue, Lakeville, MN 55044
Leverty Insurance Strategies
9001 East Bloomington Freeway, Bloomington, MN 55420
Minnesota Insurance Group, Inc.
15250 Wayzata Boulevard, Wayzata, MN 55391
Aklog Asfaw Agency
900 American Boulevard East, Bloomington, MN 55420
Red Rock Insurance Agency
783 Radio Drive, Woodbury, MN 55125
Katy Hunter Insurance Agency
8609 Lyndale Avenue South, Bloomington, MN 55420
Boys & Tyler Financial Group, Inc.
7700 Equitable Drive, Eden Prairie, MN 55344
Wiessner Insurance Agency
250 Hamline Avenue South, Saint Paul, MN 55105
Mayer Insurance
15025 Garrett Avenue, Apple Valley, MN 55124
Carver Insurance Group
113 3rd Street East, Carver, MN 55315
Value Plus Insurance
14579 Grand Avenue, Burnsville, MN 55306
Casey Charlson
2626 E 82nd St 390, Bloomington, MN 55425
Speiker & Company, Ltd
16186 Main Avenue Southeast, Prior Lake, MN 55372
R Kemp Agency
7600 Parklawn Avenue, Minneapolis, MN 55435
AB & B Insurance
14198 Commerce Avenue Northeast, Prior Lake, MN 55372
Karl Herman
6620 Penn Avenue South, Minneapolis, MN 55423
Cludy Family Insurance
700 Commerce Drive Suite 160, Woodbury, MN 55125

Bloomington, MN Life Insurance FAQs

  • Why might residents of Bloomington benefit from choosing an independent insurance agent over a captive one?

    Choosing an independent insurance agent in Bloomington can provide residents with a broader range of options. Unlike captive agents, who are restricted to a single insurer, independent brokers search multiple providers. This benefit extends beyond pricing to include specialized coverage, such as life insurance. It is preferable to obtain life insurance from a specialized provider rather than one who also covers your vehicle. With their expertise, independent agents strive to find the best match for their clients.

  • In Bloomington, is there a timeframe for filing disputes for denied life insurance claims?

    Individuals have 60 days to challenge a denied claim if the life insurance in Bloomington was obtained through an employer's group plan. There is no time limit for resolving claim disputes under other types of life insurance. However, responding quickly to a refusal increases the chances of gathering critical evidence to validate the claim, reinforcing the chances of a favorable resolution.

  • In Bloomington, can individuals utilize their existing life insurance to cover their mortgage debts upon their demise?

    Yes, if the policyholder dies, both term and cash-value life insurance policies in Bloomington can be used to pay off outstanding mortgage balances. While mortgage lenders may suggest mortgage protection term policies, they rarely require them. It is worth noting that a person's personal life insurance can be sufficiently adaptable to meet such financial requirements.

  • Can beneficiaries in Bloomington receive payment despite policy lapses not attributed to the policyholder's error?

    In Bloomington, beneficiaries may still be eligible for payment if a lapse occurred due to the insurer's error, such as failing to send out the required lapse notices. Situations such as the policyholder being entitled to a disability waiver of premium but not receiving it, or an employer mishandling policy administration or failing to provide conversion documents, can also result in payment to the beneficiary. The key point is that the lapse should not have been the policyholder's fault.

  • How should Bloomington residents determine whether to buy term or cash value life insurance?

    Whether someone in Bloomington buys term or cash value life insurance depends on their own needs. First, you have to figure out how much coverage you need. If it is a lot and you are on a tight budget, term insurance might be a good choice because it is cheaper. If the budget allows for either choice, the choice should be based on things like tax bracket, length of insurance (short or long-term), and returns on investments with similar risks.

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