Updated: November 22, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance company for both men and women in St. Paul, Minnesota. Its MoneyGeek score is 92, with average premiums of $21 for women and $24 for men.
Different factors influence life insurance decisions, and these scores and premium costs are based on a 20-year term policy with $500,000 coverage. 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 St. Paul, Minnesota.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceSt. Paul, MNBest Life Insurance Companies in St. Paul
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 St. Paul, Protective offers the best life insurance for men and women, with a MoneyGeek score of 92 out of 100 and average monthly premiums of $24 for men and $21 for women.
Top providers for men:
Top providers for women:
Protective stands out for its strong affordability, customer satisfaction and financial stability.
Protective is the premier life insurance provider for men and women in St. Paul, receiving a MoneyGeek score of 92. The company's average monthly premiums of $21 for women and $24 for men reflect its commitment to affordability and value.
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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.
Protective provides the best term life insurance in St. Paul, with a MoneyGeek score of 92. Men can expect a monthly premium of $12, while women are offered a slightly lower rate of $11.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance is a policy that covers a specified term and offers a death benefit if the insured passes away during the term. It's often chosen for its simplicity and lower cost than permanent life insurance. For example, a parent might opt for term life insurance to fund their child's education should anything happen to them.
Protective is the top term life insurance provider for men and women in St. Paul, boasting a MoneyGeek score of 92. With average monthly premiums of $12 for men and $11 for women, it offers a balance of cost and quality service.
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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.
Protective emerges as the provider of the best whole life insurance in St. Paul, with a MoneyGeek score of 92 for both men and women. Choosing Protective means opting for a well-rounded insurance experience that meets the needs of St. Paul residents.
Top whole life companies in St. Paul:
Whole life insurance offers lifelong coverage and includes an investment component that can grow over time. Someone might choose whole life insurance to ensure their family's financial stability while also building cash value that they can borrow against in the future.
In St. Paul, Protective is the leading choice for whole life insurance, catering to both men and women. An impressive MoneyGeek score of 92 reflects the presence of essential factors that potential policyholders prioritize when selecting an insurer.
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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.
For those seeking the best universal life insurance in St. Paul, Protective stands out for both men and women, with a MoneyGeek score of 91. Choosing Protective means opting for a well-rounded insurance experience.
Best universal life insurance providers:
Universal life insurance offers flexible premiums, a death benefit and the potential to build cash value over time. For instance, someone who wants to adjust their premiums and coverage as their financial situation changes might opt for universal life insurance over more rigid policies, providing security and flexibility.
Protective is the top choice for universal life insurance in St. Paul, offering robust solutions for both men and women. With an impressive MoneyGeek score of 91, Protective's clients receive quality coverage without compromising service or financial security.
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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.
Protective offers the best no-medical-exam life insurance in St. Paul for both men and women, with a MoneyGeek score of 91. The company's high rating reflects its commitment to affordability, customer satisfaction and financial stability.
Best no-medical-exam life insurance companies:
Life insurance without a required medical exam allows individuals to obtain coverage quickly. This can be particularly beneficial for those who need immediate coverage or have health issues that could complicate a traditional application process. For instance, someone with a chronic condition might opt for no-medical-exam insurance to avoid being denied or facing higher premiums.
Protective is the leading choice for life insurance with no mandatory medical exam in St. Paul for both men and women, with a high MoneyGeek score of 91. The company's commitment to satisfaction and value makes it a reliable provider.
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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.
In St. Paul, Protective provides the best term life insurance for seniors. Men received a MoneyGeek score of 92 with an average monthly premium of $52, while women scored 91 with a premium of about $51.
Age is a factor in life insurance premiums; as individuals age, the risk to insurers increases, often leading to higher costs. Protective's MoneyGeek score reflects its commitment to affordability, customer satisfaction, financial stability and product diversity.
| 1 | Protective | $52 | 92 |
| 2 | Mutual of Omaha | $58 | 91 |
| 3 | Nationwide | $53 | 90 |
| 4 | Allstate | $56 | 88 |
| 5 | AAA | $68 | 88 |
| 6 | Prudential | $49 | 88 |
| 7 | Transamerica | $63 | 87 |
| 8 | State Farm | $101 | 84 |
| 9 | Haven | $100 | 82 |
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.
Men and women seeking the best term life insurance for smokers can go for Mutual of Omaha. It received MoneyGeek scores of 91 for men and 89 for women, with average premiums of $56 and $59 per month, respectively.
Smoking significantly affects life insurance premiums due to the health risks it poses, often leading to higher rates for smokers than nonsmokers. Mutual of Omaha provides valuable coverage at competitive prices. This information is crucial for smokers who need a reliable policy that can accommodate their circumstances without compromising quality or cost.
| 1 | Mutual of Omaha | $56 | 90 |
| 2 | Nationwide | $59 | 89 |
| 3 | Protective | $77 | 88 |
| 4 | Prudential | $43 | 88 |
| 5 | Transamerica | $54 | 87 |
| 6 | State Farm | $72 | 86 |
| 7 | AAA | $96 | 85 |
| 8 | Allstate | $89 | 85 |
| 9 | Haven | $92 | 83 |
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.
If you're looking for the best term life insurance for young adults in St. Paul, Protective is the top choice for men and women. With a MoneyGeek score of 92 and a monthly premium of $7, Protective offers excellent value.
Age is crucial in determining life insurance premiums, with younger adults typically benefiting from lower rates. Choosing a reliable term life insurance is essential for securing financial protection at a reasonable cost.
| 1 | Protective | $7 | 92 |
| 2 | Mutual of Omaha | $8 | 91 |
| 3 | Nationwide | $9 | 89 |
| 4 | AAA | $10 | 88 |
| 5 | Allstate | $9 | 88 |
| 6 | Transamerica | $9 | 87 |
| 7 | Prudential | $10 | 86 |
| 8 | Haven | $11 | 85 |
| 9 | State Farm | $16 | 84 |
| 10 | Bestow | $15 | 84 |
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.
The best cheap term life insurance in St. Paul is Protective, for both men and women, with a MoneyGeek score of 92 and average monthly premiums of $11 and $12, respectively.
Factors such as age, health, coverage amount and term length affect life insurance costs. To get the lowest premiums, maintain good health, choose a shorter term and opt for a lower coverage amount.
| 1 | Protective | $12 | 92 |
| 2 | Nationwide | $14 | 91 |
| 3 | Mutual of Omaha | $14 | 90 |
| 4 | Allstate | $14 | 89 |
| 5 | AAA | $16 | 88 |
| 6 | Transamerica | $15 | 88 |
| 7 | Prudential | $15 | 88 |
| 8 | Haven | $18 | 84 |
| 9 | State Farm | $26 | 82 |
The average term life insurance premiums in St. Paul are $20 per month for women and $23 per month for men.
Many factors affect life insurance premiums, including age, health, lifestyle and the amount of coverage you choose. Insurers assess these factors to determine the risk for them by insuring you.
The cost of life insurance in St. Paul might differ from the rest of Minnesota due to local health statistics, economic conditions, specific regional risk factors and other reasons. For example, premiums might be higher if a region has higher health care costs or a higher case of certain health conditions. Conversely, areas with lower living costs or better overall health statistics might see lower premiums.
Always consider your circumstances and the specific conditions of your area when evaluating your options.
Protective offers the best life insurance in St. Paul for men. Its MoneyGeek score is 92.
The average monthly premium for the best life insurance for men in St. Paul is $24.
Protective has the best life insurance for women in St. Paul, with a MoneyGeek score of 92.
The average monthly premium for the best life insurance for women in St. Paul is $21.
Life insurance in St. Paul may offer more competitive rates and higher customer satisfaction than in other parts of Minnesota. For example, Protective's high MoneyGeek scores indicate superior offerings in St. Paul, which might not be the case statewide.
If a life insurance company goes bankrupt in St. Paul, state guaranty associations usually protect policyholders. These associations ensure that coverage continues up to a certain limit, safeguarding your investment.
St. Paul residents might need life insurance to provide financial security for their families, cover outstanding debts and ensure future expenses like education or mortgage payments are met. Life insurance can be a crucial part of financial planning.
To find a lost life insurance policy in St. Paul, check personal records and contact the deceased's financial advisors. You can also reach out to the Minnesota Department of Commerce for assistance in locating unclaimed policies.
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.
