≡ Menu


Minnesota Life Insurance Company Reviews

Minnesota Life Insurance Company Reviews

Are you seeking out Minnesota Life Insurance Company reviews? If so, you have come to the right place. In this following article we will cover the pros, cons, and recommendations if you are considering Minnesota Life as your insurance provider.

At TermLife2Go, we work with dozens of top rated carriers. Minnesota Life is one of the many companies we represent. We will typically recommend this company when a client meets one of the criteria that Minnesota Life caters too. Find out more below or simply give us a call to see what we can do for you!

Review of Minnesota Life Insurance Company

Minnesota Life is a top rated life insurance company and currently an honorable mention in our top ten best term life insurance policies list.

Minnesota Life Insurance Company Reviews

About Minnesota Life Insurance Company

Minnesota Life Insurance Company was founded in 1880. The Company is available in all states except New York. In New York, insurance products are issued by Securian Life Insurance Company. Both companies are headquartered in Saint Paul, MN.

Securian Financial Group is the parent company of both Minnesota Life Insurance Company and Securian Life Insurance Company.

Minnesota Life Insurance Company’s Ratings

Any good Minnesota Life Insurance review will need to address the company’s excellent financial ratings. A.M. Best, the flagship rating agency, gives Minnesota Life an A+, Superior rating. Standard and Poor’s also rates Minnesota Life an “A+” rating.


In the following section of this Minnesota Life Insurance Review we will cover the pros to choosing Minnesota Life as your life insurance provider.

Products Offered by Minnesota Life Insurance Company

Advantage Elite Select: Term Life Insurance. Available terms include 5, 10, 15, 20, and 30.

Available Term Riders

  • Conversion option during the term period with no proof of insurability.
  • Accelerated Death Benefit Rider
  • Child’s Term Rider
  • Waiver of Premium Rider

Eclipse Indexed Universal Life

  • Indexed Universal Life is a type of permanent coverage
  • Single Premium Options
  • Minimum 3% accumulation value rate of return guaranteed at death or surrender
  • Fixed or index–based crediting options

Some Available Universal Life Riders

  • Accidental Death Benefit,
  • Children’s Term,
  • Long Term Care,
  • Waiver of Premium

Consider permanent insurance for the following:

Liberal underwriting for key niches

As you may have read in other Minnesota Life Insurance Reviews, the Company does excel in certain key niche markets, including tobacco and nicotine, asthma, depression, and anxiety.

Competitive Pricing

Minnesota Life’s life insurance rates by age are priced competitively, often ranking near the top spots for various term lengths for both genders.

Sample Minnesota Life insurance rates

Please enter your info into our quote form for free Minnesota Life Insurance quotes as well as from dozens of other life insurance companies.


In the following section of this Minnesota Life Insurance Company Review we will cover the cons to choosing Minnesota Life as your life insurance provider.

Where Minnesota Life Fails to Make the Grade

Minnesota Life is an awesome company. We do not have anything negative to say about the company, per se. However, one area that the company comes up short in is with a viable no exam life insurance policy. The company does offer express underwriting for lower face amounts, but if you need more than $200,000 in coverage, you will need to look elsewhere.

Not everyone needs to consider the advantages of no physical exam versus fully underwritten life insurance. However, it is prudent to at least consider the following. No exam coverage can protect anyone who is thinking about getting coverage but who has not had a recent health exam. The last thing you want to do is take an exam only to find out you have elevated blood pressure, cholesterol, or diabetes. Instead, get the no exam policy in place and then take an exam. If the exam policy comes back at a better rate, simply cancel the no exam policy and keep the exam policy. However, if your exam policy comes back at a higher premium or declined, simply keep the no exam coverage.

Minnesota Life is but One of Many

As is the case of every insurance carrier, Minnesota Life simply cannot serve the needs of every client. The problem lies in the areas where Minnesota Life does not excel. That is where we come in.


We at TermLife2Go have a recommendation for anyone considering a life insurance policy from Minnesota Life. Give us a call and let us see if Minnesota Life is the best company with the best price for your life insurance needs. If they happen to be the best offer, we will let you know. However, with dozens of top rated life insurance companies to choose from, you might save thousands of dollars over the life of your insurance policy by going with another life insurance provider.


We do not favor one life insurance company over another. Instead, we find out what you need and then we recommend the lowest priced, best life insurance company to meet your specific need. Therefore, if price matters to you, give us a chance to earn your business. We are here to serve you!

For a free life insurance consultation and for free quotes from Minnesota Life and dozens of other life insurance companies, please call us.

Thank you for reading our article, Minnesota Life Insurance Company Reviews. Please leave any questions or comments below.

0 comments… add one

Leave a Comment

TermLife2Go Mission

To empower our customers through knowledge and expertise so our clients secure the best and most appropriate insurance coverage available providing peace of mind to our clients and their loved ones.

About TermLife2Go

Our licensed professionals have over two decades worth of experience and will help you choose the best life insurance company for the lowest price based on your specific needs and lifestyle. Find out more about us here.