Updated: November 21, 2024
Advertising & Editorial Disclosure
The best life insurance company in Sioux Falls, South Dakota for both men and women is Protective. The MoneyGeek score for men is 92, with an average monthly premium of $40. For women, the MoneyGeek score is also 92, with a monthly premium of $33.
These scores and premium costs are based on a 20-year term policy with $500,000 coverage. Different factors should be considered when deciding on what type of life insurance to buy. Your unique needs may mean a different company is best for you.
Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Sioux Falls, South Dakota.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceSioux Falls, SDBest Life Insurance Companies in Sioux Falls
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies:
This was done using the average profile with a 20-year term policy and $500K coverage.
In Sioux Falls, the best life insurance company for both men and women is Protective with a MoneyGeek score of 92 out of 100 and an average monthly premium of $40 for men and $33 for women.
Top providers for men:
Top providers for women:
Protective offers the best life insurance in Sioux Falls due to its high MoneyGeek score, indicating strong overall performance in affordability, customer satisfaction and financial stability. This makes it a reliable choice for individuals seeking comprehensive coverage.
For both men and women in Sioux Falls seeking life insurance, Protective emerges as the top choice. With a MoneyGeek score of 92 for both genders, Protective offers substantial value. Men can expect a monthly premium of about $40, while women are quoted around $33.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
In Sioux Falls, Protective stands out as the provider of the best term life insurance for both men and women, with a MoneyGeek score of 91 for men and 92 for women, with average monthly premiums of $20 and $18 respectively. This high score indicates that Protective is a solid choice for individuals seeking reliable term life insurance coverage.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance is a policy where coverage is provided for a predetermined period, offering a death benefit if the insured passes away during the term. For example, a parent might opt for term life insurance to ensure their child's education is funded in the event of their untimely death.
In Sioux Falls, Protective stands out as the leading choice for men and women seeking term life insurance. It offers a compelling balance of value and reliability. This company's high scores in customer satisfaction and financial stability make it a noteworthy option for policyholders.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies based on a 20-year term at $500K coverage.
In Sioux Falls, Protective stands out with the best whole life insurance for both men and women, with a MoneyGeek score of 92. This score suggests that Protective offers a reliable and satisfactory insurance experience for its customers.
Top whole life companies for men in Sioux Falls:
Top whole life companies for women in Sioux Falls:
Whole life insurance provides lifelong coverage and a cash value component, which can be appealing for those seeking a stable, long-term financial safety net.
For both men and women seeking whole life insurance in Sioux Falls, Protective emerges as the top choice. With a MoneyGeek score of 92 for both genders, Protective stands out for its commitment to customer satisfaction and affordability.
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Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies, over a 10-year term for $250K coverage.
In Sioux Falls, Protective stands out as the provider with the best universal life insurance for both men and women, with a MoneyGeek score of 91. This score reflects the company's strong performance across affordability and product diversity. Protective's consistent ranking makes it an optimal choice for individuals looking for a reliable universal life insurance policy.
Best universal life insurance for men:
Best for women's universal life insurance:
Universal life insurance is a form of permanent life insurance that offers both a death benefit and a savings component, which can grow over time. For example, someone might choose universal life insurance over term life insurance for its potential cash value accumulation.
In Sioux Falls, Protective is the premier universal life insurance provider for both men and women. With a MoneyGeek score of 91 for both genders, Protective demonstrates a strong commitment to customer satisfaction and financial stability.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best life insurance companies that don't require a medical exam:
We did not weigh affordability as we did not collect any insurance quotes for this category. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams, for a 10-year term with $250K coverage if the insuree was in poor health.
In Sioux Falls, Protective stands out as the best no-medical-exam life insurance provider for both men and women, with a MoneyGeek score of 91 out of 100. Protective's high score suggests reliability and value for the average individual seeking life insurance without the hassle of a medical exam.
Best no-medical-exam life insurance for men:
Best life insurance for women that does not require a medical exam:
This type of life insurance is a policy that does not require a medical check-up for approval. It's an excellent option for those who need coverage quickly or have health concerns that could complicate the underwriting process of traditional life insurance.
For those seeking no-medical-exam life insurance in Sioux Falls, Protective stands out as the top choice for both men and women. With an impressive MoneyGeek Score of 91 for both genders, Protective offers a reliable option for life insurance without the hassle of a medical exam.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors:
We derived quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer's age to 70.
For seniors in Sioux Falls, Protective stands out with the best term life insurance, scoring a MoneyGeek score of 91 for both men and women. Men can expect a monthly premium of around $87, while women are quoted approximately $78.
Age is a determining factor in life insurance premiums; as individuals age, the risk to insurers increases, leading to higher costs. Protective's high score reflects its commitment to affordability and customer satisfaction, making it an excellent choice for the best term life insurance for seniors.
| 1 | Protective | $87 | 91 |
| 2 | Nationwide | $86 | 90 |
| 3 | Mutual of Omaha | $102 | 90 |
| 4 | Allstate | $79 | 89 |
| 5 | Transamerica | $90 | 87 |
| 6 | Haven | $78 | 87 |
| 7 | AAA | $120 | 87 |
| 8 | Prudential | $101 | 86 |
| 9 | State Farm | $154 | 84 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for people who smoke:
We collected quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer to reflect an active smoker.
In Sioux Falls, Mutual of Omaha stands out as the provider of the best term life insurance for smokers, with a MoneyGeek Score of 89 for men and 88 for women and average monthly premiums of $56 and $55, respectively. Smoking significantly affects life insurance premiums due to the health risks associated with tobacco use. Insurers calculate higher premiums for smokers to offset these risks.
Mutual of Omaha's high MoneyGeek score reflects a strong balance of affordability, customer satisfaction, financial stability and product diversity. For smokers in Sioux Falls looking for term life insurance, this company's performance in these areas makes it a compelling choice.
| 1 | Mutual of Omaha | $56 | 89 |
| 2 | Nationwide | $55 | 88 |
| 3 | Protective | $81 | 87 |
| 4 | Haven | $40 | 87 |
| 5 | AAA | $60 | 87 |
| 6 | Prudential | $45 | 87 |
| 7 | Transamerica | $50 | 87 |
| 8 | State Farm | $74 | 85 |
| 9 | Allstate | $78 | 84 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for young adults:
We collected quotes using a $250K life insurance policy with a 10-year term for a 20-year-old buyer.
Protective offers the best term life insurance for young adults in Sioux Falls, with a MoneyGeek score of 91 and a monthly premium of $11 for women and $12 for men. Age significantly impacts life insurance premiums, with younger individuals typically benefiting from lower costs.
Protective's high MoneyGeek score reflects its strong affordability, customer satisfaction and financial stability. For young adults in Sioux Falls, choosing Protective means securing reliable coverage at a competitive rate.
| 1 | Protective | $12 | 91 |
| 2 | Mutual of Omaha | $15 | 90 |
| 3 | Nationwide | $15 | 89 |
| 4 | Allstate | $12 | 88 |
| 5 | AAA | $17 | 88 |
| 6 | Transamerica | $13 | 87 |
| 7 | Haven | $10 | 87 |
| 8 | State Farm | $25 | 85 |
| 9 | Prudential | $20 | 84 |
| 10 | Bestow | $28 | 83 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies:
We adjusted the weighting to favor affordability for a $250K life insurance policy with a 10-year term.
In Sioux Falls, the best cheap term life insurance is offered by Protective with a MoneyGeek score of 92 for women and 91 for men. The average monthly premium is $18 for women and $20 for men.
Various factors impact life insurance premiums, including age, health, coverage amount and term length. To get the lowest premiums, maintain excellent health, choose a shorter term and opt for a lower coverage amount.
| 1 | Protective | $20 | 91 |
| 2 | Nationwide | $23 | 90 |
| 3 | Allstate | $19 | 90 |
| 4 | Haven | $17 | 89 |
| 5 | Mutual of Omaha | $24 | 89 |
| 6 | Transamerica | $21 | 89 |
| 7 | AAA | $28 | 87 |
| 8 | Prudential | $30 | 84 |
| 9 | State Farm | $40 | 82 |
In Sioux Falls, the average monthly cost of term life insurance premiums is $31 for women and $36 for men. Various factors impact premiums, including age, health, lifestyle, occupation, the amount of coverage and the type of policy chosen.
Understanding these factors can help consumers make informed decisions about their life insurance needs. The cost of life insurance in Sioux Falls might differ from the rest of South Dakota due to various reasons. Regional health statistics, local economic conditions and specific risk factors in the area can all play a role.
Additionally, the level of competition among insurers in Sioux Falls can impact premium rates. By considering these factors, consumers can better understand why their premiums are priced the way they are and how to potentially lower their costs.
Protective has the best life insurance for men in Sioux Falls. This is based on the MoneyGeek score, which evaluates various factors such as customer satisfaction and financial stability.
The monthly premium cost for the best life insurance for men in Sioux Falls is $40. This cost is calculated based on various factors, including age and health rating.
Protective also has the best life insurance for women in Sioux Falls. This evaluation is based on the MoneyGeek score, which includes customer satisfaction and financial stability.
The monthly premium cost for the best life insurance for women in Sioux Falls is $33. This amount is determined by factors such as age and health rating.
Life insurance in Sioux Falls does not significantly differ from the rest of South Dakota. The same companies often provide similar policies and rates across the state. However, specific local factors such as demographics might slightly influence the options and costs available.
If a life insurance company goes bankrupt in Sioux Falls, state regulations protect policyholders. The South Dakota Life and Health Insurance Guaranty Association steps in to cover claims up to certain limits, ensuring policyholders are not left without coverage.
Sioux Falls residents might need life insurance for financial security and peace of mind. Life insurance can help cover debts, funeral costs, and provide for dependents. It ensures that loved ones are financially protected in the event of the policyholder's death.
To find a lost life insurance policy in Sioux Falls, contact the insurance company directly. If that fails, reach out to the South Dakota Department of Insurance, which can assist in locating lost policies and provide guidance.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
