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 for providing coverage that policyholders can count on, and they also provide a broad selection of coverage choices to ensure policyholders with a financial safety net.
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These providers excelled in Iowa, with features ranging from competitive rates and strong financial ratings to coverage options and happy policyholders, forming the basis for the ultimate life insurance guide.
| 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+ | Retirement Planning | Pacific Life |
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#10 | $10 | A+ | Term Rates | Transamerica |
They provide the best value for term or whole life insurance. Compare their plans so that you can select the best coverage for the best price.
Get life insurance rates that fit your budget—so you can start providing your loved ones with financial security, beginning with your ZIP code.
What You Should Know
- State Farm offers reliable life insurance in Iowa with strong financial backing
- AIG provides flexible policies tailored to Iowa residentscustomizable coverage
- Iowa plans start at $10 a month, covering various needs
#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 for personalized assistance.
- Financial Stability: State Farm life insurance in Iowa policies come from a financially stable and reputable company.
Cons
- Limited Online Tools: Compared to other providers, managing a life insurance in Iowa 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 rates in Iowa for life insurance, so coverage is more accessible.
- Strong Financial Rating: With an A+ rating, AIG provides policyholders with confidence in their life insurance in Iowa plans. Explore our AIG review.
- Flexible Coverage Options: AIG provides a wide range of coverage amounts and terms 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 life insurance in Iowa policies to meet specific coverage needs.
- Top Financial Strength: Prudential's life insurance in Iowa policyholders benefit from financial stability and security with an A+ rating.
- Additional Policy Riders: In Iowa, policyholders can supplement their life insurance coverage with a selection of optional riders to increase protection. See our Prudential review.
Cons
- Higher Premiums: Compared to some competitors, Prudential’s life insurance in Iowa rates 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 in Iowa policyholders, allowing peace of mind when thinking about how much does life insurance cost.
- Competitive Term Rates: Lincoln gives fair rates on term-life insurance in Iowa, making it cheaper to be insured.
Cons
- Customer Support Challenges: Some policyholders indicate they encounter challenges contacting help for life insurance in Iowa questions.
- 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
- 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.
- Customizable Coverage: With various policy options, New York Life allows customers to tailor life insurance in Iowa to their specific needs.
- Long-Standing Reputation: New York Life is a longstanding player in the field of Iowa life insurance known for offering policyholders stability as well as what is a non-forfeiture option to ensure those long-term benefits.
Cons
- Higher Premiums: Compared to other insurers, New York Life’s life insurance in Iowa policies tend to be more expensive.
- Limited Term Options: While offering diverse coverage, term life insurance in Iowa options 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 policies of Iowa customers.
- Flexible Policy Options: With multiple types of policy, life insurance in Iowa can be tailored for a variety of needs with Nationwide. Learn more in our Nationwide review.
Cons
- Expensive Premiums: Nationwide life insurance in Iowa policies tend to have a higher price than other providers.
- Coverage Limitations: Some types of specific life insurance in Iowa policies 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, so life insurance in Iowa becomes a good option for securing the future.
- A++ Financial Rating: Guardian boasts one of the industry’s highest ratings, meaning policyholders can expect dependable life insurance in Iowa coverage.
- Multiple Policy Riders: Customers can add different riders to their Iowa life insurance policies for additional benefits, 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 premiums for life insurance in Iowa with Guardian.
- Limited Online Management: Guardian provides less online management capability than its competitors for life insurance in Iowa policies.
#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 info in our review of MassMutual.
- Competitive Term Pricing: While MassMutual has an already proven track record, it still offers life insurance in Iowa policies at reasonable rates.
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 life insurance in Iowa are not as advanced as competitors.
#9 – Pacific Life: Best for Retirement Planning
Pros
- Retirement Planning Focus: Each life insurance company has product offerings that can vary by state, so we evaluated Pacific Life to determine its product offerings in Iowa.
- Strong Financial Security: This A+ rated provider is a top-quality life insurance company, meaning PacLife Iowa customers can be confident that they are getting the best coverage that answers questions like how does age affect life insurance rates.
- Wide Policy Selection: Offering both term and permanent coverage, Pacific Life provides flexible life insurance in Iowa options.
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 in Iowa policies may have higher costs compared to other insurers.
#10 – Transamerica: Best for Term Rates
Pros
- Affordable Term Life Rates: Affordable in Iowa, Transamerica offers some of the cheapest term life rates in the state.
- Strong Financial Strength: Holding an A+ rating, Transamerica provides policyholders with security and confidence in life insurance in Iowa policies.
- Customizable Riders: Customers of life insurance in Iowa can customize their plans by adding different riders for an extra layer of protection, allowing them the versatility to explore, 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 in Affordable Life Insurance in Iowa
Choosing the best life insurance really comes down to what best meets your needs and budget in Iowa. If you want something cheap for now, term life insurance 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. Look at the rates below from leading insurers to find what works for you.
| 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 |
Although rates can vary widely, it is important for you to balance your finances so that your life insurance cover is adequate but affordable. Term policies can have premiums as low as $10 a month, while whole life plans tend to cost more on average but provide long-term security. And if you’re considering health coverage, learning how to find affordable health insurance can enable you to stay covered without depleting your bank account.
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—whether it’s for bundling policies, maintaining a healthy lifestyle, getting coverage through your employer, or setting up auto-pay. 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. Whether you're bundling policies, living a healthy lifestyle, or setting up auto-pay, these savings can add up over time and help lower your premiums. 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. Taking the time to compare options, think about your long-term needs, and find a provider that fits your budget and lifestyle can make all the difference. With the right choice, you’ll have solid protection that stays affordable for years to come.
Iowa Insurance Claims and Coverage Insights
Life can be unpredictable, and health issues or sudden events can take a toll—not just physically and emotionally, but financially too. Whether it’s a long-term condition like heart disease or cancer or an unexpected tragedy like an accidental death, every insurance claim comes with its own financial weight. Understanding these patterns can help individuals and families make smarter decisions when it comes to healthcare planning and insurance coverage.
| 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 claims, which isn’t surprising given how widespread these conditions are. On the other hand, while accidental deaths happen less often, they come with the highest individual costs.
This data highlights why financial preparedness is so important—whether through insurance, savings, or preventive care—to help ease the burden of medical expenses. Well, 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.
Life Insurance Coverage Options in Iowa
If you’re looking for affordable and reliable life insurance in Iowa, the top providers—State Farm, AIG, and Prudential—offer strong financial backing, competitive rates, and flexible coverage. Here’s a breakdown of the best coverage options.
- Best Overall: State Farm provides local agent support and trusted service with term policies starting at $12 a month.
- Most Affordable Term Life: AIG offers the lowest-cost term insurance at $10/month with an A+ financial rating.
- Best for Flexible Coverage: Prudential specializes in customizable life insurance with adjustable benefits.
- Whole Life Insurance: New York Life and MassMutual offer permanent coverage with A++ ratings and cash value benefits.
- Retirement Planning: Lincoln and Pacific Life provide policies with cash value growth for long-term financial security.
- Retirement Planning: Nationwide offers comprehensive life insurance with strong family-focused coverage.
- Financial Stability: MassMutual and Guardian ensure long-term security with top-tier A++ ratings.
Choosing the best life insurance comes down to your budget, long-term goals, and personal needs. If you want local support, State Farm is a great choice. Looking for the cheapest term life? AIG offers coverage for just $10/month. Need flexibility? Prudential lets you adjust your policy over time. No matter what you’re looking for, comparing providers ensures you get the best coverage at the best price.
Take a moment to look at your options, compare rates, and find a policy that gives your loved ones the protection they deserve. If you're unsure where to begin, everything you need to know about applying for life insurance is just a few clicks away. Compare Iowa’s top life insurance companies today.
Best Life Insurance in Iowa Top Providers and Affordable Plans
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, while the Greater Iowa Life Insurance Company is another great option for tailored policies. If you’re searching for the best life health insurance, it’s crucial to choose a plan that fits your needs and provides long-term security. Plus, the Iowa Life and Health Insurance Guaranty Association helps protect policyholders if an insurer fails.
With the average cost of term life insurance in Iowa starting at just $10 per month, it’s easier than ever to find the best cheap term life insurance in Iowa by comparing quotes. And if you’ve been denied coverage before, don’t worry—there are still options. 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.
Don't pay more than you have to for life insurance. Compare rates from top providers near you and find the best deal in minutes.
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.
How much is insurance in Iowa per month?
Life insurance protects your loved ones by covering expenses like mortgages and debts. In Iowa, plans start at $10 per month with AIG and Transamerica, with other options at $11, $12, or $13. With affordable choices, it’s a smart way to secure your family’s future. For more details, read our article do I need life insurance.
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.
Which life insurance is best, term or permanent, in Iowa?
AIG and Transamerica offer the most affordable term life insurance in Iowa, starting at $10 per month. For permanent coverage, New York Life and MassMutual provide financial stability and lifelong protection.
Does Iowa get 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. This is especially important to consider for higher risk life insurance policies, which may have larger payouts impacting estate taxes.
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 to get 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.
What type of life insurance gives the greatest amount of coverage in Iowa?
Term life insurance offers the highest amount of coverage for the least cost. The cheapest term policies in Iowa are $10 per month through AIG and Transamerica.
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.