Expertise.com

2024

Last updated:

Best Life Insurance Companies in Minneapolis

Our Recommended Top 18

We did the research for you!

  • Licensing
  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Minneapolis 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.

16961Reviewed

10183Curated

18Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

724 Bielenberg Drive, Ste 5, Woodbury, MN 55125
WebsiteLicense: 40344347

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Review Sources

Google
5.0 (12)

Why choose this provider?

As an independent agency, Kriener Insurance partners with several carriers to provide Minneapolis residents with a life insurance policy that fits their goals and financial situation. The company helps individuals and their families prepare for the risk of financial loss in case of demise by providing term plans, which are intended for a predetermined period, and permanent life insurance policies. It also assists clients in selecting their providers, including Encompass, Foremost, Bristol West, Nationwide, Progressive, and Kemper.

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Minneapolis, MN

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Why choose this provider?

Need help contacting a Life Insurance Company in Minneapolis? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

11300 86th Ave N, Maple Grove, MN 55369

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Review Sources

Facebook
5.0 (3)

Why choose this provider?

The Rischall Financial Group is an independent insurance agency with clients throughout Minnesota. Its agents provide one-on-one services, helping clients make better financial choices and sourcing life and health insurance policies from many of the nation's leading insurance companies. They can arrange health care policies for any need, including supplemental medical services, such as dental and vision, and life insurance policies that cover medicare, final expenses, mortgage repayments, and college fees.

1121 Jackson St NE Suite 136, Minneapolis, MN 55413
WebsiteLicense: 40599482

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Review Sources

Google
5.0 (6)

Why choose this provider?

Slate Small Business Solutions is a women-owned insurance brokerage firm serving the people of Minneapolis. It provides employers with group term life policies they can incorporate into their employee benefits programs. The insurance plan gives protection for both employees and their loved ones. There are also short- and long-term disability coverage packages available. One of the owners, Emily Breitenfeldt, started her career in health insurance in 2014 before transitioning to small business insurance in 2018.

  • Life Insurance

7600 Wayzata Blvd Ste 2B, Minneapolis, MN 55426

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Why choose this provider?

Armar Insurance Agency LLC is a full-service life and health insurance company in Minneapolis, with additional offices in Sacramento and Yreka, California. Its agents are licensed to offer clients many services, such as advising on coverage requirements and state regulations, sourcing suitable policies from dozens of insurance carriers, and annually reviewing each client's policy to ensure it's still their best solution. The agency also offers customized life and health insurance services for federal employees.

2214 Central Ave NE, Minneapolis, MN 55418
WebsiteLicense: 5658

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Review Sources

Google
4.5 (20)
Facebook
5.0 (5)
Yelp
4.0 (4)

Why choose this provider?

Higgins Insurance Agency serves individuals, families, and organizations in Minneapolis and the surrounding areas. The independent firm offers personal lines coverages, including life insurance policies. Its options for life insurance include term and permanent policies that cover mortgages, living expenses, co-signed debts, loans, and estate taxes. It also provides long-term care, homeowners', auto, and commercial insurance plans. Its owner, Jim Higgins, leads a team of insurance agents in providing clients with policies appropriate to their lifestyles.

  • Life Insurance

80 S 8th Street, Suite 4905, IDS Center, Minneapolis, MN 55402
WebsiteLicense: 40757166

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Review Sources

Facebook
5.0 (1)

Why choose this provider?

Advisen Life & Wealth is a financial firm that serves clients in the Minneapolis area. It offers life insurance, including related products like lost income replacement, debt management, mortgage protection, and retirement savings. It also handles rerouting life policies to education security, pension, and payment for final expenses. Disability and critical illness financial packages are also available in the company portfolio. Some of its insurance carriers include AIG, Blue California, John Hancock, Foresters Financial, Natiponal Life Group, and Pan American Life.

  • Life Insurance

2520 Lowry Ave N, Minneapolis, MN 55411
WebsiteLicense: 834

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Review Sources

Google
4.4 (10)
Facebook
5.0 (4)

Why choose this provider?

Glover Insurance Agency Inc. is a family-owned business that has been serving individuals and businesses in Minneapolis since 1981. It caters to clients looking for life insurance plans to cover the financial needs of their dependents and families after their demise. It also provides other packages such as health, home, auto, and commercial auto insurance policies. The agency, which was established by Bernie Glover, has been in the industry for more than four decades.

  • Life Insurance

2416 East 117th Street, Burnsville, MN 55337
WebsiteLicense: 20286346

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Why choose this provider?

Herb Monson Agency, Inc., is a full-service insurance broker serving residents throughout Minneapolis. It has access to multiple insurance providers, helping clients find suitable deals. The agency offers term life, universal life, and whole life insurance policies. More than that, it also insures homes, cars, motorcycles, boats, ATVs, snowmobiles, and golf carts. Herb Monson founded the company in 1994 in Eagan. In 2001, he incorporated the business and moved it to its present location in Burnsville.

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15870 Franklin Trl SE Ste 105A, Prior Lake, MN 55372

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Review Sources

Google
5.0 (11)
Facebook
5.0 (8)

Why choose this provider?

Opened in 2013 by former banking financial adviser Corey Stich, Oak Tree Insurance is an independent agency that shops around for the best life insurance policies for its clients. The agency is linked to more than 20 of the leading insurance carriers, including Travelers and The Hartford. Mr. Stich and his team provide comprehensive financial advice on every type of product, from term life and permanent life insurance to polices that pay out if the holder suffers a long-term disability.

102 N Jonathan Blvd #210, Chaska, MN 55318
WebsiteLicense: 40676967

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Review Sources

Google
4.9 (96)
Facebook
5.0 (26)
Yelp
4.5 (12)

Why choose this provider?

Options Insurance is an independent agency serving clients in Minneapolis. Its team offers term life insurance that provides a death benefit that pays for funeral costs, debts, and children's tuition. The agency also provides insurance products for automobiles, boats, businesses, condos, and farms. It has formed partnerships with several insurance carriers, allowing it to compare and offer a variety of coverage options for clients. Options Insurance's values include stewardship, education, personalized process, security, and gratitude.

  • Life Insurance

17205 Yale Street Northwest, Elk River, MN 55330
WebsiteLicense: 20579670

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Review Sources

Facebook
5.0 (2)

Why choose this provider?

The Pampusch Agency is a one-stop shop for personalized life insurance serving Minneapolis and surrounding communities. Founded in 1978 by Rob Pampusch, it provides insurance products covering the risks of early death, leaving family members and loved ones without support. The Pampusch Agency is an independent provider representing several insurance carriers. Rob has been a producer for Farmers Union Agency since 2006, has maintained his Certified Insurance Counselor (CIC) designation since 2010, and is licensed in Property Casualty, Life, Health & Accident Insurance in Minnesota.

  • Life Insurance
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3259 Johnson Street Northeast, Minneapolis, MN 55418
WebsiteLicense: 20102062

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Review Sources

Google
4.0 (132)
Facebook
4.0 (10)
Yelp
5.0 (3)

Why choose this provider?

John Arens is a State Farm insurance agent in Minneapolis who has been serving local residents and families for more than 25 years. Arens specializes in helping clients find and create insurance plans that fit their lives and specific needs. His services include life, automobile, homeowners, property, and umbrella insurance. Prior to becoming a State Farm agent, Arens was a police officer. He has a passion to protect his community, friends, and neighbors and building strong relationships with his clients.

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16854 U.S. 10, Elk River, MN 55330
WebsiteLicense: 20279903

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Review Sources

Facebook
5.0 (14)

Why choose this provider?

North Central Insurance Agency is an independent insurance agency that serves clients in Minneapolis. It offers various types of life insurance policies, including term policies that ensure income replacement, whole life policies to pay for final expenses, and universal policies that allow clients to invest their money in stocks. In collaboration with local and national insurance companies, the insurance agency strives to deliver insurance coverage that suits the needs of clients. North Central Insurance Agency was established in 1998.

  • Life Insurance
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1633 County Highway 10 Ste 16, Spring Lake Park, MN 55432

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Review Sources

Google
4.5 (14)
Facebook
5.0 (5)

Why choose this provider?

Gopher State Agency is an insurance company serving individuals, families, and businesses since 1962. It's an independent company specializing in individual life and health insurance policies offered by multiple carriers. Its agents advise on the best coverage and policies for clients' needs, explain the conditions that come with each, and keep tabs with clients to ensure their policies are still working for them. The agency's policies include permanent life insurance and various Medicare plans.

8091 Old Carriage Ct, Shakopee, MN 55379

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Review Sources

Google
5.0 (32)
Facebook
5.0 (8)

Why choose this provider?

Innovative Insurance Services LLC is an independent agency with the freedom to shop around for policies that give its clients the coverage they need and budget-friendly monthly premiums. Its wide range of products includes life and health insurance policies that cater for a wide range of needs. The agency's financial advisors can help individuals and families in need of health plans that pay for major and long-term medical costs, and seniors looking for final expenses policies.

11979 County Road 11, Burnsville, MN 55337
WebsiteLicense: 40065256

Expertise.com Rating

Review Sources

Facebook
4.0 (31)
Yelp
5.0 (4)

Why choose this provider?

Lakeside Insurance Brokers is a multi-line insurance solutions specialist that caters to the insurance needs of clients in Minneapolis and nearby localities. Established in 1990, the company provides a varying array of life insurance policies, such as term life, whole life, children's whole life, and universal life coverages. Its independent insurance agents represent over 50 carriers and help clients compare coverage options depending on their requirements. Its other products include personal, business, and health insurance. The company operates in six states nationwide.

  • Life Insurance
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920 Second Avenue South 11th Floor, Minneapolis, MN 55402
WebsiteLicense: 40340528

Expertise.com Rating

Review Sources

Google
3.7 (3)
Facebook
5.0 (1)

Why choose this provider?

Foster Klima serves individuals and businesses in Minneapolis and the surrounding communities. The company offers insurance policies for life, long-term care, and disability income. It also assists with cash flow and budgeting, money purchasing plans, tax strategies, charitable giving, and debt elimination. Business planning solutions like split-dollar arrangements, buy-sell agreements, and employee benefits are also available. Foster Klima supports charitable and civic organizations like the Memorial Sloan Kettering Cancer Center, Habitat for Humanity, Disabled Veterans of Minnesota, and Kids at Hope.

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FAQs

  • How can one determine if the insurance company is licensed in Minneapolis?

    To determine if the insurance company is licensed in Minneapolis, one must dial 651.539.1500 to contact the Minnesota Department of Commerce, or utilize the department's License Lookup by Insurance Company tool. All insurance businesses that are authorized to conduct business in the state are listed in detail and up to date in the department's records.

  • Will policyholders or beneficiaries in Minneapolis still be able to use their coverage when their insurers declare bankruptcy?

    Up to a certain amount, the Minnesota Life and Health Insurance Guaranty Association will offer protection to policyholders and beneficiaries of contracts in Minneapolis written by insolvent insurance companies. As long as premiums are paid and/or there is monetary value, the company will maintain the coverage; otherwise, it will transfer the policy to another insurer. State legislation determines the benefits and coverage caps.

  • Is it possible to purchase life insurance in Minneapolis even with a pre-existing condition?

    Yes, individuals in Minneapolis have the option to purchase life insurance even if they possess pre-existing conditions like disabilities or mental health challenges. The protection against coverage denial due to pre-existing conditions is provided by The Affordable Care Act. Additionally, insurers are prohibited from setting restrictions on crucial benefits or terminating coverage on the grounds of cost considerations.

  • Are employees in Minneapolis compelled to enroll in their employers' group life insurance plans?

    Employees in Minneapolis are not required to join or take part in their employer's group life insurance policies as a condition of employment unless the employer fully funds the plan, as specified in Minnesota Statutes 61A.091 subdivision 1. Under this provision, employers may not discharge or otherwise discriminate against employees who choose not to participate in a group life insurance plan.

  • What happens if the company in Minneapolis neglects to pay the life insurance policy of an employee?

    If the employer or company in Minneapolis neglects to transmit the insurer's monthly payment promptly, it may lead to the termination of the coverage for the insured employees. According to Minnesota Statutes, Section 61A.092 Subdivision 4, under such circumstances, the employer is still responsible for ensuring that the employee's coverage needs are met to a certain extent.

  • 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.

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