Minnesota Life Insurance offers term, whole, universal, indexed, variable, and survivorship life insurance. Founded in 1880, Minnesota Life pioneered Adjustable Life, the first flexible life insurance policy. The company now has approximately 5,000 employees, and sells through career agents. Learn more in our Minnesota Life company overview below.
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UPDATED: Feb 15, 2021
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Assets: $34.168 billionPremiums: $331.342 millionS&P rating: A- (very strong)Moody’s rating: Aa2 (excellent)Fitch rating: AA (very strong)
Company History: Founded in 1880, Minnesota Life pioneered Adjustable Life, the first flexible life insurance policy. The company now has approximately 5,000 employees.
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Principle Sales Methods: Career agents.
Life Annuity Business: Minnesota Life offers Term, Whole, Universal, Indexed, Variable, and Survivorship life insurance.
Term life insurance incorporates premiums that are the same throughout the term and only pay for insurance. You are given the option to switch to permanent coverage during particular intervals in the given term.
Permanent life insurance offers potential cash value growth and lifetime insurance coverage. The tax-advantaged cash value given may be used as part of your retirement income or for emergencies. You may use the death benefit as a business solution or for individual needs.
Special Business: Minnesota life offers retirement plans. The company also offers group insurance for employers.