Compare over 20 life insurance policies in as little as 5 minutes.
With PolicyHub you get to compare over 20 life insurance policy providers in as little as 5 minutes. Save time. Save big. Get started now.
Compare over 20 top providers in Minneapolis, MN
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore policies in Minneapolis, MN from all the leading providers and choose the right one for you.
Locked in rate discount and exclusive deals.
Benefit from exclusive deals offered to residents in Minneapolis, MN, and lock in rate discounts.
Customized policies just for you.
Our team tailors policies to Minneapolis, MN residents, meaning optimal coverage at competitive rates.
"I was totally lost trying to find the right life insurance until I found PolicyHub. I was able to work with a licensed agent to compare all my options all at one. I got the perfect plan for me at a cheaper rate than I expected."
Barbara Winters
Policy Holder
ATTN: 2024 Minneapolis, MN rates just released!
Get the latest insurance rates for 2024 and lock in your policy today! Get started comparing policies today.
Get the perfect plan with the cheapest rates in 3 easy steps.
Life insurance in Minneapolis, MN Done in 3 easy steps
Step 1
Tell us about yourself.
Finding the perfect life insurance policy starts with answering a few questions to help us serve you better.
Step 2
Compare rates & plans with a pro.
Discuss your options with a licensed insurance agent. Compare different plans to find the best policy with the best rates.
Step 3
Lock in cheap rates.
Secure the lowest rates and lock in the perfect life insurance policy for you and your family.
"I lost hope trying to find a life insurance policy that wasn't insanely expensive. Thankfully PolicyHub helped me find the perfect policy that is affordable with high coverage. Thank you!"
Bill Barton
Policy Holder
PolicyHub is the smartest way to protect the people that matter most.
Safeguard Your Family
Life insurance means safeguarding your family in a worst-case scenario. Don't risk it.
Gain Peace of Mind
Far too many Americans are financially blindsided by the death of a loved one. But not your family.
Protect Your Business
Protect your business by ensuring a smooth transition of ownership with the right life insurance.
Beat Estate Taxes
Inheritance or estate taxes is burdensome for your heirs. A life insurance policy can help.
Invest in Your Future
For less than $1 per day, you can make a huge contribution to your family's financial safety.
Build Your Legacy
Through a life insurance policy, you can leave behind a legacy for your loved ones.
Get started in less than 5 minutes.
With PolicyHub getting started is easy. Compare all the rates from all the providers in Minneapolis, MN. Get started in under 5 minutes.
All your life insurance needs in one place.
Term Life Insurance
Term insurance provides coverage for a set period of time, and it's a cost-efficient way to get the maximum coverage. It's an excellent solution for folks who have a temporary need for coverage.
Whole Life Insurance
Whole life insurance is coverage that lasts your entire life. This type of insurance also has a cash value component that grows over time, offering potential for financial growth along with lifelong coverage.
Universal Life Insurance
Universal life insurance is flexible coverage that lets you adjust your premiums and death benefits as your circumstances change throughout life. This flexibility makes it a popular choice.
No-Medical-Exam Life Insurance
No-medical-exam life insurance allows you to dodge the medical examination usually required for life insurance policies. It's perfect for individuals who want a swift approval process or have health concerns.
"Highly HIGHLY recommend PolicyHub if you need life insurance. They saved me sooo much time and money on my policy, it's nuts. Comparing all the providers at once is a game changer."
Chris Stephens
Policy Holder
Introducing PolicyHub Price Match Guarantee
Our priority is to save you money while getting you the right coverage. If you find a lower rate for a similar policy anywhere else, we'll match it! With PolicyHub, you can rest assured knowing you're getting the best price in Minneapolis, MN.
Save time and get the best policy with the cheapest rates. Guaranteed.
![]() |
Option 1 | Option 2 | ||
---|---|---|---|---|
100% Digital | ||||
Licensed Agents | ||||
Expert Support | ||||
Get Started in 5 Minutes | ||||
Decades of Experience | ||||
Compare 20+ Providers | ||||
Zero Hidden Costs | ||||
Top Insurance Providers |
"I knew I needed life insurance but I didn't know where to go. I talked with a few other companies but the cost was outrageous. I found PolicyHub and found the perfect plan for me at an affordable cost."
Wendy Smith
Policy Holder
Frequent Questions...
Life insurance in Minneapolis, Minnesota works by providing a financial safety net for policyholders' families in the event of the policyholder's death. This may offer a death benefit to family members in the form of a lump sum, or can be used to provide regular payments for a set period of time. Premiums are paid monthly or annually, and premiums may vary depending on age and the level of coverage requested. Policyholders in Minneapolis have the flexibility to customize their life insurance coverages to fit their needs, including additional riders like critical illness or disability riders.
Can life insurance policies be transferred or sold with life insurance companies in Minneapolis?
In Minneapolis, MN, life insurance policies can not be transferred or sold to any other person or entity. If you decide to close your policy and release the funds, the policyβs proceeds would be paid out to your designated beneficiary. However, you may be able to donate the proceeds of your policy to a qualified charity of your choice. Additionally, you may exchange your current policy for another type of policy if you wish to switch providers or reset the amount of coverage.
What happens if I stop paying premiums on my life insurance policy Minneapolis?
If you stop paying premiums on your life insurance policy in Minneapolis, MN, your policy may become inactive. Depending on the type of policy you have and when you stop paying premiums, this could mean your policy is canceled or simply lapsed. In either case, you will no longer have coverage if you pass away and your policy will no longer accumulate cash value. It's important to talk to a qualified life insurance professional if you are considering stopping your premium payments. They can help you understand your options and ensure the best outcome for you and your family.
How does inflation impact my policy with life insurance near Minneapolis?
In Minneapolis, MN, inflation can have an impact on your life insurance policy, as it can reduce the value of the policy over time. For instance, certain life insurance benefit payments are adjusted to account for inflation, which means that the amount of money you receive in benefits could be affected by how much the cost of living rises. The cost of premiums may also increase if the policy is designed to keep up with inflation, as the beneficiary will need to cover higher costs for administrative fees and the like.
Does a life insurance company Minneapolis cover death due to accidents or suicide?
In Minneapolis, life insurance can offer protection in the case of death due to accidents or suicide. This type of life insurance is available from many providers in the area and can provide financial assistance and security to help you and your family in the event a member passes away due to unfortunate circumstances. While many policies do have limitations, the coverage can be invaluable to those in need. Be sure to talk to your provider in the Minneapolis area to learn the specifics of your life insurance package and further understand the protection you have in place.
If your beneficiary predeceases you in Minneapolis, MN, the life insurance policy is handled differently depending on the type of policy you have. A term life insurance policy ceases to exist, as there is no longer an intended beneficiary eligible to receive the money. However, if you have a permanent life insurance policy, the policy will likely be paid out to your estate, if you don't have a backup beneficiary or the insured granted specific permission in the policy agreement for the money to be paid to an alternate beneficiary.
With life insurance policies near Minneapolis, how does my beneficiary claim their payout?
In Minneapolis, MN, for a beneficiary to claim their life insurance payout it is necessary for them to contact the insurance provider. They will need to provide the necessary forms of identification, information pertaining to the policyholder, and any documentation needed to validate the policy. The insurance provider will guide the beneficiary through the steps necessary for them to claim the payout so that they can receive it quickly and hassle-free. The process varies from provider to provider, but generally speaking, a beneficiary should have no difficulty in claiming their life insurance payout.
Regarding life insurance in Minneapolis, what is policy surrender?
A life insurance policy surrender in Minneapolis, MN is an action taken to cancel a whole life policy before its maturity and receive the cash surrender value of the policy. The cash surrender value is generally what the policyholder has paid in minus any fees or surrender charges. People in Minneapolis may surrender a policy if they decide they no longer need the coverage, and they can use the money for other financial needs. A life insurance policy surrender is not recommended for every situation since it generally reduces the policy's life time value, and the policyholder will be subject to taxes and possible penalties.
Can I get a Minneapolis life insurance policy for my children?
Yes, you can purchase life insurance for your children in Minneapolis, MN. Most life insurance policies that cover children are purchased through a family plan, allowing you to bundle coverage for yourself and your children for a discounted rate. All life insurance coverage for children is permanent coverage, meaning even when your children reach adulthood, the coverage will stay in place until it's modified. You also may be able to customize certain policies to fit your specific needs. The best way to get an idea of available life insurance products for your children is to contact a qualified agent in Minneapolis, MN.
How can I check if a Minneapolis life insurance company is legitimate?
You can check to see if a life insurance company is legitimate by looking for reviews from customers or conducting online research in the Minneapolis area. Additionally, it is important to make sure that the company is licensed with the state of Minnesota and that the company is a member of the State Life & Health Guaranty Association. If the company is listed as a prohibited insurer on the Minnesota Department of Commerce website, then it is not a legitimate life insurance company. Furthermore, you can also contact the Minnesota Department of Insurance to ask about the legitimacy of a life insurance company.
Compare Life Insurance Policies
Get started today and compare over 37 life insurance providers in as little as 15 minutes.
© 2024 PolicyHub - all rights reserved