Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites.

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UPDATED: Oct 30, 2020

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We offer South Dakota residents life insurance from several of the best SD life insurance companies. Life insurance is very similar from state-to-state, with a few exceptions, so expect a variance with your South Dakota life insurance rates.

However, this guide should help you understand the differences in South Dakota life insurance as well as find resources in your state. We’ll also show you how to get the best life insurance in South Dakota.

Before we dive into this guide, find affordable South Dakota life insurance rates by clicking on our FREE quote tool above. Get started now.

Table of Contents

South Dakota Life Insurance Quotes

We offer South Dakota residents life insurance from several A-rated life insurance companies. Life insurance is very similar from state to state, with a few exceptions. This guide should help you understand the differences as well as find resources in your state.

Policy Cost – The premium (cost) you pay for your life insurance policy does not vary by state. It is the same regardless of which state you live in. Premiums are set by life insurance companies then approved by the State Insurance Department.

Company Availability – Not all companies are available in every state. For example, if a life insurance company has not filed its product or rates with your State Insurance Department, that company won’t be available in your state. Company availability changes often due to new filings.

Product Availability – There are instances where life insurance companies offer only specific products or riders in a state. For example, a company may offer a child insurance rider on their policy, but the feature may not be available in all states. These exclusions can be viewed by clicking on the life insurance companies in the list below.

South Dakota life insurance also offers residents a 10-day free look period, a timely payment of claims within 60 days, and personal information protection.

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Life Insurance Rates in South Dakota

For a ballpark figure of what South Dakota life insurance rates look like, check out the chart below to see what the top companies charge based on age, marital status, and gender for both smokers and non-smokers. Your South Dakota life insurance quotes may be different, especially if you smoke.

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Also keep in mind that when it comes to South Dakota life insurance policies, term life is generally cheaper than whole life insurance policies. So, if you want a whole life policy, you can expect to pay more. 

In this next chart, you can also see how many South Dakota life insurance companies there are in comparison to other midwestern states.

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As you can see in the above chart, two life insurance companies operate specifically in the state of South Dakota. 

By using our free quote comparison tool on this page, you can save money and get access to the best South Dakota life insurance. 

South Dakota Guaranty Association

State guaranty associations are committed to protecting resident policyholders and beneficiaries in the event of an insurance company insolvency. The association is made up of all insurance companies licensed to sell life insurance, health insurance and annuities in the state. If an insurance company becomes insolvent (goes out of business), the association steps in to protect policyholders by continuing coverage and paying claims, up to defined limits.

In South Dakota, a life insurance policy is protected up to $300,000. This amount is the maximum benefit provided for any one life. In other words, multiple policies on any one person are limited to this amount.

South Dakota Life Insurance Contacts

Here is a list of all the necessary state contacts for residents with South Dakota life insurance claims and other related matters.

Guaranty Association

If you need information about a South Dakota life insurance or health insurance guaranty, contact the South Dakota Life & Health Insurance Guaranty Association at 1-605-336-0177 or visit the website.

Insurance Department

For the latest updates from the South Dakota Division of Insurance, you can call 1-605-773-3563 or visit the website.

State of South Dakota employees may also be able to find answers to your South Dakota state employee life insurance questions here.

However, if you work for the state, you should also reach out to the South Dakota Bureau of Human Resources as well. The SD BHR will provide more information about your South Dakota state employee benefits, including resources to help with your SD benefits login, and South Dakota state job classifications. You may also be able to access a list of South Dakota state employees here.

Legal Info

QuickQuote is licensed to sell life insurance in South Dakota under Agency License Number 5595.

The licensed company principal is Tim Bain, Agent License Number 3615793.

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South Dakota Life Insurance Companies

American General Life Insurance Company

Banner Life Insurance Company

Fidelity Life Association

Haven Life / MassMutual

John Hancock Life Insurance Company

Lincoln National Life Insurance Company

Metlife Life Insurance Company

North American Company for Life & Health Insurance

Pacific Life & Annuity Company

Principal Life Insurance Company

Protective Life Insurance Company

Pruco Life Insurance Company (Prudential)

Sagicor Life Insurance Company

The Savings Bank Life Insurance Company of Massachusetts (SBLI)

Transamerica Life Insurance Company

United of Omaha Life Insurance Company

Don’t wait — Use our free quote tool to get affordable life insurance rates in South Dakota. Get started now.