Expertise.com

2024

Last updated:

Best Life Insurance Companies in Minnesota

Our Recommended Top 13

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Minnesota 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.

252721Reviewed

151637Curated

13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Minnesota

Expertise.com Rating

Review Sources

Facebook
5.0 (31)
Google
5.0 (19)

Why choose this provider?

Greener Insurance is a full-service independent agency that specializes in life, personal, and commercial insurance products. With numerous local agents in Minnesota, the company handles the insurance needs of individuals, families, and businesses across the state by managing portfolios and working with multiple providers to find a policy that serves the client's goals and needs. As part of its core value, Greener Insurance operates with the belief of providing personal services while building long-term relationships.

  • Health Insurance
  • Life Insurance

Minnesota

Expertise.com Rating

Review Sources

Facebook
5.0 (13)
Google
5.0 (8)

Why choose this provider?

Solutions Insurance Agencies is an independent firm based in Minnesota, serving families and businesses. It offers individual life insurance options, including term, whole, and universal policies. It also provides group life and health plans, which may be expanded to cover the families of policyholders. Solutions Insurance Agencies additionally carries a variety of business risk management options that provide coverage for professional liability, commercial auto, and workers' compensation. It was established in 2001 and currently employs agents with over 200 years of combined industry experience.

  • Life Insurance

Minnesota

Expertise.com Rating

Review Sources

Google
4.5 (11)
Facebook
5.0 (10)

Why choose this provider?

Moe Agency, Inc. is a life insurance company that serves individuals and business owners in the area of Minnesota. The family-owned agency offers personal and commercial insurance products such as health, life, auto, home, small business liability, and workers' compensation. It works with insurance carriers such as Progressive, MetLife, Dairyland, BlueCross BlueShield, and Medica to provide clients with coverage options that fit their needs. Moe Agency, Inc. has been in the insurance industry for more than 40 years.

  • Health Insurance
  • Life Insurance

Minnesota

Expertise.com Rating

Review Sources

Facebook
4.7 (20)
Google
4.9 (18)
Yelp
5.0 (1)

Why choose this provider?

Pine Insurance Agency helps Minnesota residents protect themselves, their families, and their finances. Its agents advise individuals regarding life insurance plans and assist them in navigating the enrollment process. They design insurance policies for different types of clients, including young professionals, couples with young children, and single parents. This team of agents has more than 50 years of collective experience in the industry. Pine Insurance Agency is involved in fundraising events from PineCityChamber to benefit local organizations.

  • Life Insurance

Minnesota

Expertise.com Rating

Review Sources

Facebook
5.0 (16)
Google
5.0 (15)

Why choose this provider?

Klein Insurance is a family-run business offering risk management plans for Minnesota residents. Its agents help individuals secure insurance plans from different carriers and choose from options such as term or universal life policies. They identify clients' needs and coverage goals to structure policies so that these can provide protection from future financial hardships. Klein Insurance has been providing for the coverage needs of the community since 1976 and has offices in Eagle Bend, Lake Park, and New York Mills.

  • Life Insurance

Minnesota

Expertise.com Rating

Review Sources

Google
5.0 (4)

Why choose this provider?

Since 2006, T & S Agency, LLC, has been responding to the insurance needs of individuals, employees, and property owners in Minnesota and its nearby areas. It provides various policies, such as life, commercial, automobile, health, and homeowners' insurance. Its independent agents collaborate with multiple companies, including ASI, Mendota, The Hartford, and BlueCross BlueShield, to compare insurance products and personalized coverage. They have a collective industry experience of more than 25 years. T & S Agency also offers Medicare Supplements coverage.

  • Life Insurance

Minnesota

Expertise.com Rating

Review Sources

Google
5.0 (103)
Facebook
5.0 (2)

Why choose this provider?

Long Term Care Insurance Advisors, Inc., caters to clients in Minnesota and nearby areas. The company offers life insurance plans that protect beneficiaries from financial turmoil caused by unexpected events. Its independent insurance brokers represent several carriers that provide a variety of insurance products, including term, indexed universal, whole, and universal life insurance. They also offer long-term care and Medicaid insurance plans. The company has been addressing the financial needs of residents and businesses for over three decades.

  • Health Insurance
  • Life Insurance

Minnesota

Expertise.com Rating

Review Sources

Google
5.0 (43)
Facebook
5.0 (25)

Why choose this provider?

Carney Insurance helps businesses and families in Minnesota protect the things that matter most to them. One of the company's offerings is life insurance. It provides clients with several options, including term, whole, and universal life insurance policies. Other types of personal insurance include plans to protect the client's health, car, and home. For business owners, it offers bonds, workers' compensation, and general liability coverages. The owner, Tom Carney, worked for another insurance agency for 17 years before establishing the business. The agency works with over 70 insurance companies.

  • Term Life Insurance
  • Whole Life Insurance
  • Life Insurance

Minnesota

Expertise.com Rating

Review Sources

Google
4.6 (15)
Facebook
5.0 (6)

Why choose this provider?

RG Insurance is an independently owned and operated agency that serves individuals, families, and businesses throughout Minnesota. It offers different types of individual life insurance plans, such as level term, decreasing term, and whole life coverage. Other personal products it offers include health, long-term care, auto, homeowners', and renters' insurance. In addition, the agency provides commercial property, general liability, and worker's compensation policies. The professional agents of RG Insurance have more than seven decades of combined industry experience.

  • Term Life Insurance

Minnesota

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

Lake Country Insurance, Inc., has been serving clients in Minnesota since 1988. It offers various products, including whole or term life plans. Its life insurance policies include disability benefits, cover final expenses, and provide death or burial coverage. The agency's specialists also write policies for clients' assets, such as homes, automobiles, businesses, and commercial properties. They work closely with clients to determine the type and amount of protection they need, tapping into various carriers, including Progressive, Western National, and Foremost.

  • Life Insurance

Minnesota

Expertise.com Rating

Review Sources

Google
4.9 (39)
Facebook
5.0 (19)

Why choose this provider?

North Central Insurance Agency is a full-service insurance brokerage catering to clients in Minnesota. It offers a variety of life and health insurance products for families and individuals, with options ranging from disabilities to chronic illnesses and long-term care coverages. It works with multiple insurance carriers and caters to businesses with professional liability, commercial properties and commercial vehicle insurance, and worker's compensation. The insurance agency aims to provide clients with an easier way of conducting business through its 24/7 online tool.

  • Health Insurance
  • Life Insurance

Minnesota

Expertise.com Rating

Review Sources

Facebook
5.0 (26)
Google
4.3 (21)

Why choose this provider?

Christensen Group Insurance is a locally owned, independent agency that has been in business for 70 years. It provides clients in Minnesota with life insurance options that help them protect their families financially in case of their demise. These include term and permanent life insurance plans. The company partners with more than 100 carriers such as The Hartford, Acuity, Sentry, Nationwide, and AIG to assist customers in obtaining the coverage that suits their needs. Its other insurance products include auto, watercraft, and product liability.

  • Life Insurance

Minnesota

Expertise.com Rating

Review Sources

Facebook
5.0 (10)
Google
5.0 (3)

Why choose this provider?

Insurance Solutions of MN carries over 25 insurance companies that offer life insurance policies, including Progressive, MetLife, and Hagerty. It helps clients in Minnesota compare and customize the amount of life coverage and supplementary benefits. Some of the products it offers include lifetime, group, final expense, equity-indexed universal, and limited underwriting term life. Sean Weldon, the agency owner, has been a licensed agent since 1990 and also founded the North Central Insurance Agency, which was then sold in 2001.

  • Life Insurance

FAQs

  • Which is better, term or whole life insurance?

    Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

  • How much life insurance do I need?

    A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.

  • How does life insurance work?

    The details of how life insurance works depend on your individual plan, but the basics are as follows: 

    • You pay a premium to purchase the insurance. Typically the premium is paid monthly, but it could be rolled into quarterly, bi-annual, or annual payments. 
    • As long as you are meeting or have met premium obligations, if you pass away, the insurance company makes the agreed-upon payment to the beneficiaries you designated. 
    • Beneficiaries usually have to provide the insurance company with a death certificate to receive their payments.
  • How much is life insurance?

    The cost of life insurance ranges widely. Term life insurance can cost as little as a few dollars a day, and whole life insurance can cost thousands per month on the high end. Factors that impact the cost of your life insurance include whether you're choosing term life insurance or whole life insurance, your age, how much coverage you want, your overall health, and your gender.

  • Is life insurance taxable?

    Life insurance proceeds are the funds paid via your plan to your beneficiaries if you pass away. These are also called death benefits. Typically, these are not considered income for taxes. If you take out cash value from a whole life insurance investment and the amount exceeds how much you paid in premiums, the difference may be considered taxable income.


  • Can I buy health insurance that is not Obamacare?

    When people say "Obamacare insurance," they typically mean insurance within the health insurance marketplace. You can get health insurance outside of the marketplace by going through your employer, choosing COBRA coverage if you leave your job, or buying a short-term health insurance policy through an insurance agent. ACA-compliant plans meet all the benefits and coverage requirements of the Affordable Care Act. But you may be able to find supplemental or short-term coverage that simply provides peace of mind for major medical expenses.

  • Can I buy health insurance anytime?

    To buy health insurance in the marketplace, you must purchase it within open or special enrollment periods. But you can purchase short-term coverage to bridge the gap between now and the next open enrollment period. These plans are meant to be used for less than a year. You can purchase them online or via insurance agents, but they may not be ACA-compliant.

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