Minnesota Term and Universal Life Insurance

Minnesota Life Insurance Resources

Universal Life (UL), also called “Flexible Premium Adjustable Life Insurance,” entered the Minnesota Term and Universal Life Insurance market in the early 1980s as a more flexible version of Whole Life Insurance. Like Whole Life, UL features a savings element that grows on a tax-deferred basis. A portion of your premiums are invested by the insurance company in assets like bonds, mortgages and money market funds. The return on the investments is credited to your policy tax-deferred. A guaranteed minimum interest rate applied to the policy (usually around 4%) means that, no matter how the investments perform, the insurance company guarantees a certain minimum return on your money. If the insurance company does well with its investments, the interest rate return on the accumulated cash value will increase.

Minnesota Department of Insurance: The state insurance department website includes consumer and licensee resources including a listing of all licensed life insurance agents and companies which make up the Minnesota Life insurance market.

Minnesota Life & Health Insurance Guaranty Association: The state life insurance guaranty association works to guarantee the safety of all Minnesota Life Insurance coverage, even in the face of an insolvency by a member life insurance company.


Minnesota Life Insurance Company Ratings: AM Best is the most prominent ratings company reviewing Minnesota Life Insurance Companies based on their ability to pay claims. At Life Insurance.Net we work only with A and A+ rated life insurance companies.

Here is a complete list of the State Departments of Insurance.

Learn more about our wonderful state. Check out Netstate’s Minnesota State Almanac

Our life insurance agents service all communities in Minnesota including:

  • Minneapolis
  • Saint Paul
  • Rochester
  • Duluth
  • Bloomington

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