LIFE INSURANCE IN MINNESOTA

Minnesota Life Insurance
Coverage

Minnesota families value planning ahead, and life insurance is a practical way to protect loved ones from funeral costs and mortgage obligations.

High Quality of Life Strong Economy 25+ Carriers Available
$8,800
Average Funeral Cost
$330K
Median Home Price
5%
Residents Uninsured
25+
Carriers Available

COVERAGE IN THE NORTH STAR STATE

Life Insurance in Minnesota

Minnesota is home to over 5.7 million residents, with major cities including Minneapolis, St. Paul, and Rochester. With a median household income around $77,000 and a strong tradition of financial planning, many Minnesota families carry mortgage obligations and want to protect their loved ones from financial hardship.

The average funeral and burial cost in Minnesota is approximately $8,800. Without proper coverage, these costs fall directly on surviving family members. Final expense insurance provides a straightforward way to ensure your family is never left with that burden.

Minnesota consistently ranks among the best states for quality of life, and families here take financial planning seriously. With funeral costs averaging $8,800 and a stable housing market, both final expense and mortgage protection insurance help Minnesota families maintain their financial security.

COST COMPARISON

How Minnesota Compares to National Averages

Average Funeral Cost
National
$8,300
Minnesota
$8,800
Median Home Price
National
$420,000
Minnesota
$330,000
Avg. Monthly Life Insurance Premium
National
$50
Minnesota
$47

OUR CARRIER PARTNERS

Top Carriers in Minnesota

Asurgo works with 25+ top-rated insurance carriers to find you the best coverage at the lowest rate. Here are some of the carriers available to Minnesota residents.

Transamerica Mutual of Omaha AIG Aetna Americo Foresters Financial F&G National Life Group Royal Neighbors Gerber Life Lafayette Life Aflac

Carrier availability varies by individual health factors and coverage type.

FREQUENTLY ASKED QUESTIONS

Minnesota Life Insurance FAQ

How much does final expense insurance cost in Minnesota?
Most Minnesota residents pay between $25 and $70 per month for final expense insurance, depending on age, health, and coverage amount. Policies typically range from $5,000 to $50,000. Asurgo shops 25+ carriers to find the lowest rate for your situation.
Do I need a medical exam for life insurance in Minnesota?
Not always. Many final expense and mortgage protection plans require no medical exam. You answer a few health questions, and coverage can be approved the same day. Larger policies may require underwriting.
What is the average funeral cost in Minnesota?
The average funeral and burial cost in Minnesota is approximately $8,800, which includes the service, casket, burial plot, and headstone. Costs can vary significantly depending on the city and type of service chosen.
Does Asurgo offer mortgage protection in Minnesota?
Yes. Asurgo offers mortgage protection insurance in Minnesota through multiple carriers. Coverage is designed to pay off or reduce your mortgage balance if you pass away, become disabled, or are diagnosed with a critical illness.
How does Minnesota's quality of life connect to insurance planning?
Minnesota residents prioritize financial planning, and life insurance is a key part of that. With funeral costs at $8,800 and median home prices at $330,000, having both final expense and mortgage protection coverage ensures your family maintains the quality of life you have built together.

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