Best Life Insurance in Iowa for 2025 (See the Top 10 Companies Here)
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State Farm, AIG, and Prudential provide the best life insurance in Iowa, with monthly payments starting as low as $10. These insurers are known to provide a broad selection of affordable coverage choices.
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They provide the best value for term or whole life insurance. Compare their Iowa life insurance plans below so that you can select the best coverage for the best price.
| Insurance Company | Rank | Term Policy | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
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#1 | $12 | B | Local Agents | State Farm |
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#2 | $10 | A++ | Term Life | AIG |
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#3 | $12 | A+ | Flexible Policies | Prudential |
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#4 | $13 | A+ | Retirement Planning | Lincoln Financial |
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#5 | $11 | A++ | Custom Policies | New York Life |
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#6 | $13 | A+ | Family Coverage | Nationwide |
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#7 | $12 | A++ | Long-Term Care | Guardian Life |
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#8 | $11 | A++ | Financial Stability | MassMutual |
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#9 | $12 | A+ | Convertible Plans | Pacific Life |
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#10 | $10 | A+ | Policy Limits | Transamerica |
Get life insurance rates that fit your budget in our ultimate life insurance guide, or enter your ZIP code in our free comparison tool to compare free life insurance quotes near you.
What You Should Know
- State Farm offers reliable life insurance in Iowa with strong financial backing
- Term life insurance in Iowa starts at $10 per month with AIG
- Nationwide and Transamerica have the best Iowa life insurance for families
#1 – State Farm: Top Overall Pick
Pros
- Trusted Brand: As far as life insurance company in Iowa is concerned, State Farm is one of the most trustworthy. Read our State Farm review for more.
- Local Agent Support: With a strong network of local agents, State Farm makes life insurance in Iowa more accessible with personalized assistance.
- Family Riders: State Farm provides unique riders to protect spouses and children without requiring separate policies.
Cons
- Limited Online Tools: Compared to other providers, managing an Iowa life insurance policy online with State Farm can be less convenient.
- Higher Term Rates: While competitive, term policy rates for life insurance in Iowa may not be the lowest compared to other insurers.
#2 – AIG: Best for Term Life
Pros
- Affordable Term Policies: AIG has some of the lowest term life insurance rates in Iowa, so coverage is more accessible.
- Strong Financial Rating: With an A+ rating from A.M. Best, AIG gives Iowa life insurance beneficiaries confidence in their claims. Learn more in our AIG review.
- Flexible Coverage Options: AIG provides a wide range of coverage amounts and term lengths for Iowa citizens via its term life insurance policies.
Cons
- Customer Service Issues: Some policyholders have reported delays and difficulties when handling life insurance in Iowa claims and support.
- No Local Agents: Unlike other providers, AIG does not offer in-person agent support for life insurance in Iowa, which may be a drawback for some customers.
#3 – Prudential: Best Life for Flexible Policies
Pros
- Customizable Policies: Prudential allows customers to tailor their Iowa life insurance policies to meet specific coverage needs.
- Top Financial Strength: Prudential's life insurance policyholders benefit from financial stability and security with an A+ rating. See our Prudential review for more.
- Additional Policy Riders: In Iowa, policyholders can supplement their life insurance coverage with a selection of optional riders to increase protection.
Cons
- Higher Premiums: Compared to some competitors, Prudential’s life insurance rates in Iowa may be on the expensive side.
- Longer Approval Process: Some applicants experience delays when applying for life insurance in Iowa, particularly with underwriting requirements.
#4 – Lincoln: Best for Retirement Planning
Pros
- Retirement-Focused Coverage: Lincoln offers policies that align well with retirement planning, making life insurance in Iowa a long-term asset.
- Strong Financial Backing: With an A+ rating, Lincoln offers reliability and stability for life insurance claims in Iowa.
- Competitive Term Rates: Lincoln gives fair rates on term life insurance in Iowa. Find out how much life insurance costs.
Cons
- No Whole Life: Lincoln only offers term and universal life insurance in Iowa and does not offer standard whole life policies.
- Policy Restrictions: Certain coverage limitations apply to life insurance in Iowa, which may not suit everyone’s needs.
#5 – New York Life: Best for Custom Policies
Pros
- Customizable Coverage: With various policy options, including non-forfeiture options, New York Life allows customers to tailor Iowa life insurance to their needs.
- Highly Rated Provider: New York Life has a financial rating of A++, so it is one of the most stable options for a life insurance policy in Iowa.
- Dividend Policies: Whole life insurance in Iowa can earn annual dividends that policyholders can apply to payments or their policy's cash value.
Cons
- Higher Premiums: Compared to other insurers, New York Life’s life insurance quotes in Iowa policies tend to be more expensive.
- Limited Term Options: While offering diverse coverage, term life insurance options in Iowa are not as competitive as other providers.
#6 – Nationwide: Best for Family Coverage
Pros
- Family-Oriented Coverage: Nationwide specializes in policies that provide strong family benefits for life insurance in Iowa.
- Solid Financial Rating: Nationwide holds an A+ rating, meaning it has the financial means available to pay life insurance beneficiaries in Iowa.
- Flexible Policy Options: With multiple types of policy, life insurance in Iowa can be tailored for a variety of families. Learn more in our Nationwide review.
Cons
- Expensive Premiums: Nationwide life insurance in Iowa tends to have a higher price than other providers.
- Coverage Limitations: Some types of specific life insurance in Iowa may prevent you from having full flexibility.
#7 – Guardian: Best for Long-Term Care
Pros
- Ideal for Long-Term Care: Guardian focuses on policies that provide assistance for long-term care needs in Iowa.
- A++ Financial Rating: Guardian boasts one of the industry’s highest ratings, meaning policyholders can expect dependable life insurance coverage in Iowa.
- Multiple Policy Riders: Customers can add different riders to Iowa life insurance policies, including riders that work in tandem with modified life insurance for increased flexibility.
Cons
- Higher Costs for Some Applicants: Certain health conditions may lead to higher life insurance premiums in Iowa with Guardian.
- Limited Online Management: Guardian provides less online management capability than other life insurance companies in Iowa.
#8 – MassMutual: Best for Financial Stability
Pros
- Strong Financial Standing: With an A++ rating, MassMutual ensures long-term stability for life insurance in Iowa policyholders
- Diverse Policy Options: MassMutual provides a flexible selection of whole, term, and universal life coverage in Iowa. Find additional information in our review of MassMutual.
- Competitive Term Pricing: Iowa life insurance rates start at $11 monthly for term coverage.
Cons
- Complicated Application Process: Some customers find that applying for life insurance in Iowa with MassMutual takes longer than expected.
- Limited Online Features: MassMutual’s website and digital services for managing Iowa life insurance aren't as advanced as competitors.
#9 – Pacific Life: Best for Convertible Coverage
Pros
- Convertible Term Life: Pacific Life Promise Term allows policyholders in Iowa to convert term life insurance to universal life at any time before they turn 70. Learn how age affects life insurance rates.
- Strong Financial Security: This A+ rated provider is a top-quality life insurance company in Iowa for beneficiary payments.
- Customer Service: Life insurance reviews in Iowa praise Pacific Life for its claims processing and easy accessibility for answering insurance questions.
Cons
- No Local Agents: Unlike some competitors, Pacific Life does not offer in-person support for life insurance in Iowa.
- Higher Premiums for Some Policies: Certain life insurance policies in Iowa may have higher costs compared to other insurers.
#10 – Transamerica: Best Policy Limits
Pros
- Million-Dollar Term Life: Transamerica term life insurance in Iowa comes with policy coverage up to $10 million or higher based on policyholder finances.
- Strong Financial Strength: Holding an A+ rating, Transamerica provides policyholders with security and confidence in life insurance in Iowa policies.
- Flexible Family Plans: Multi-purpose universal life insurance in Iowa that can be tailored to different family needs with coverage starting at $25,000 (Learn More: Which type of life insurance policy generates immediate cash value?).
Cons
- Limited Online Tools: The digital experience for managing life insurance in Iowa policies with Transamerica is not as user-friendly as competitors
- Medical Underwriting Required: Some life insurance in Iowa policies may require extensive medical evaluations, which could delay approval.
Finding the Right Balance With Affordable Iowa Life Insurance
Although rates can vary widely, it is important for you to balance your finances so that your life insurance coverage is adequate but affordable. Iowa term policies can have premiums as low as $10 a month, while whole life plans tend to cost more on average.
| Insurance Company | Term Policy | Whole Policy |
|---|---|---|
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$10 | $113 |
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$12 | $100 |
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$13 | $117 |
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$11 | $121 |
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$13 | $108 |
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$11 | $125 |
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$12 | $133 |
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$12 | $104 |
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$12 | $92 |
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$10 | $113 |
Choosing the best life insurance really comes down to what best meets your needs and budget. If you want something cheap for now, term life insurance from State Farm or AIG is inexpensive but only lasts a predetermined period of time.
Whole life insurance, by contrast, provides you with coverage for your entire life and accumulates cash value, but at a steeper monthly cost. State Farm remains the most affordable life insurance company in Iowa when comparing term vs. whole life insurance.
Saving Money With Life Insurance Discounts in Iowa
Finding the right life insurance policy in Iowa can feel overwhelming, but the good news is that the right discounts can help you save big. To make things easier, we've put together a comparison of the top life insurance companies in Iowa and the discounts they offer. Take a look and see which one works best for you.
| Insurance Company | Bundling Discount | Healthy Lifestyle Discount | Group/Employer Discount | Auto-Pay Discount |
|---|---|---|---|---|
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7% | 10% | 6% | 3% |
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5% | 12% | 7% | 4% |
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9% | 14% | 5% | 3% |
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6% | 11% | 8% | 2% |
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8% | 13% | 6% | 5% |
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7% | 9% | 7% | 4% |
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10% | 15% | 5% | 3% |
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6% | 10% | 9% | 2% |
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11% | 13% | 6% | 4% |
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5% | 8% | 7% | 3% |
Saving money on life insurance is easier than you might think — all it takes is taking advantage of the right discounts. For instance, living a healthy lifestyle doesn’t just improve your well-being — it can also help you save on life insurance.
Choosing life insurance companies with rates that stay the same can give you extra peace of mind, so you won’t have to worry about sudden premium hikes.
Iowa Life Insurance Claims and Coverage Insights
Whether it’s a long-term condition like heart disease or cancer or an unexpected tragedy like an accidental death, every life insurance claim comes with its own financial weight. Understanding these patterns can help individuals and families make smarter decisions when it comes to health care planning and insurance coverage in Iowa.
| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Heart Disease | 24% | $4,200 |
| Cancer | 18% | $3,750 |
| Accidental Deaths | 12% | $5,000 |
| Stroke | 10% | $3,300 |
| Respiratory Diseases | 8% | $2,900 |
Heart disease and cancer are among the most common life insurance claims in Iowa, which isn’t surprising given how widespread these conditions are in the U.S. The good news is that there are life insurance companies that will insure clients that had open heart surgery, meaning people with pre-existing conditions can get the financial protection they and their families need.
On the other hand, while accidental deaths happen less often, they come with the highest individual costs. If you have a dangerous job or hobby, or live in a part of Iowa with a high number of traffic-related deaths, you could see your life insurance rates go up.
The Best Life Insurance Coverage Options in Iowa
Finding the best life insurance in Iowa doesn’t have to be complicated. Top providers like State Farm, AIG, and Prudential offer reliable coverage at affordable rates. Here’s a breakdown of the best coverage options.
- Term Life Insurance: Need affordable coverage for a set period? State Farm and AIG offer term policies from $10a month, ideal for young families and homeowners.
- Whole Life Insurance: If you’d like life insurance that can last for your entire life and that builds cash value, companies like New York Life and MassMutual have fixed-rate policies that appreciate over time, plus a guarantee of long-term coverage.
- Universal Life Insurance: If you want more flexibility, Prudential and Lincoln Financial offer adjustable policies that combine insurance protection with investment potential.
- Final Expense Insurance: If you are looking for a simple way to cover funeral costs, Transamerica and Mutual of Omaha provide no-exam policies for peace of mind.
- Group Life Insurance: Covered through work? Nationwide and Guardian offer low-cost employer plans, though coverage may end if you leave your job.
Choosing the best life insurance comes down to your budget, long-term goals, and personal needs. No matter what you’re looking for, comparing providers ensures you get the best coverage at the best price.
If you’ve been denied coverage before, don’t worry — the best life insurance companies that cover people denied by other life insurance companies offer options to help you secure the protection you need.
Take a moment to look at your options, compare rates, and find a policy that gives your loved ones the protection they deserve. Compare rates from top providers near you and find the best deal in minutes.
Choosing the Right Life Insurance in Iowa
With the right life insurance policy, you can rest easy knowing you’re financially covered for whatever life brings your way. Iowa Life Insurance Company provides dependable coverage, and Iowa Life and Health Insurance helps ensure stability for policyholders. Choosing the best life health insurance is an important step in protecting yourself and your family.
If you’re not sure where to start, resources like the 10 best life insurance companies can help you compare top providers. To find the best fit, consider policies like the best and cheapest term life insurance in Iowa and take a look at the average cost of term life insurance in Iowa. Exploring your options now can help you build a solid financial plan for the future.
Affordable life insurance quotes you can get by putting your ZIP code into our free comparison tool.
Frequently Asked Questions
Which company is the best for life insurance in Iowa?
State Farm is ranked as the number one best life insurance company in Iowa because of its strong network of local agents and affordable term policy starting at $12 per month.
How much is life insurance in Iowa?
Life insurance premiums in Iowa vary by provider. The most affordable term policies start at $10 per month with AIG and Transamerica, while other companies offer policies ranging from $11 to $13 per month. You’re overpaying for life insurance. Use our tool to compare rates from top providers.
Which whole life insurance is the best in Iowa?
New York Life is the best for custom whole life insurance policies in Iowa, and MassMutual is best for financial stability. Both companies have an A++ rating from A M Best.
Read More: Do I need life insurance?
Does Iowa have a tax on life insurance?
Life insurance death benefits in Iowa are generally not taxable, but taxes may apply if the policyholder’s estate exceeds the federal estate tax exemption limit.
What are the three main types of life insurance in Iowa?
The three main types of life insurance in Iowa are term life insurance, whole life insurance, and universal life insurance. Term policies are available from AIG and Transamerica for as low as $10 per month. Whole life policies are available from New York Life and MassMutual, while Prudential and Lincoln Financial offer universal life policies with flexible options.
How much does a life insurance agent make in Iowa?
A life insurance agent in Iowa can earn between $50,000 and $100,000 per year, depending on experience, commissions, and the company they work for.
How do I get life insurance in Iowa?
To get life insurance in Iowa, compare top providers like State Farm, AIG, and Prudential based on price and coverage. Some of the best life insurance companies that let you pay by money order may also offer flexible payment options. You can apply online or through local agents.
What is the minimum insurance limit in Iowa?
Iowa does not have a state-mandated minimum for life insurance. However, companies offer term policies starting at $10 per month, with coverage options based on individual needs.
What is the best age for term life insurance in Iowa?
The best age for term life insurance in Iowa is your 20s or 30s, when premiums are lowest. Providers like AIG and Transamerica offer plans starting at $10 per month, making early coverage a smart choice for long-term financial protection.
Can you cash out whole life insurance in Iowa?
Yes, whole life insurance in Iowa, like New York Life and MassMutual, lets policyholders cash out accumulated value, though fees and taxes may apply. The best life insurance offers parents long-term security and peace of mind. For more details, read our article about the best life insurance for parents.
What are two disadvantages of whole life insurance in Iowa?
Whole life insurance in Iowa has higher premiums compared to term life insurance, and it offers less flexibility since premiums are fixed and investment options are limited. If you want cheap life insurance, use our comparison tool to find the best low-cost coverage.
How many years is best for life insurance in Iowa?
The ideal term length in Iowa depends on financial goals, with common options of 10, 20, or 30 years. For mortgage or family protection, 20 to 30 years is often recommended. Understanding 10 life stages that affect your insurance needs can help you choose the right policy.