Life insurance is an essential component of financial planning, offering a safety net to families in the event of an unfortunate occurrence. A range of companies in South Dakota provide comprehensive life insurance plans to cater to diverse personal needs. Ranging from nationwide distributors to local agencies, these companies offer personalized coverage plans. Some also provide other financial offerings like annuities, critical illness insurance, disability income insurance, etc., helping individuals safeguard and grow their financial futures. The life insurance industry in South Dakota is poised for steady growth, with companies increasingly focusing on policyholder satisfaction and the integration of digital technologies.


Top 21 life insurance companies in South Dakota

1. Midland National Life Insurance Company

Midland National is a financial company that offers life insurance and annuities to help individuals protect and grow their financial futures. With over 100 years of experience, they provide comprehensive coverage and reliable products to meet the needs of their customers.


2. Financial Markets Inc

  • Website: fmiagent.com
  • Headquarters: Rapid City, South Dakota, United States
  • Founded: 1993
  • Headcount: 11-50
  • LinkedIn

Financial Markets, Inc. (FMI) is a nationwide insurance marketing and distribution company that offers competitive insurance products and superior service. They provide personalized and friendly service, managing all details from quotes to placed policies. FMI serves independent agents across the country, offering a wide range of insurance products including annuities, life insurance, critical illness insurance, disability income insurance, long term care insurance, and Medicare supplement products through various carriers.


3. McKinneyOlson Insurance

McKinneyOlson is a Sioux Falls insurance agency offering a range of personal and commercial insurance plans. They provide individual attention and meet one-on-one with clients. Personal plans include renters, home, auto, life, and health insurance. Commercial plans cover business, auto, liability, property, and more. They work with a variety of insurance carriers to create comprehensive packages. With over a century of experience, they are committed to serving the local community.


4. Life Insurance Trust Company

Life Insurance Trust Company is a trust company that specializes in managing irrevocable life insurance trusts. They provide specialized systems, processes, and procedures, along with an experienced staff trained to manage the asset and administer the trust for banks, trust companies, and advisors.


5. Herrmann Insurance Agencies

Herrmann Insurance Agencies is an insurance company that provides a wide range of policy types to businesses and individuals. They connect their customers with the top A-rated insurance companies like Hartford, Travelers, CWG, Donegal, Concorde, and CNA among others by finding the best coverage for the best rates.


6. Jodi Garcia - State Farm Insurance Agent

InsureMeJodi is an insurance agency offering a range of personal and commercial insurance products provided by third party companies. The agency is operated by Jodi Garcia, who is a licensed insurance agent.


7. Fischer, Rounds & Associates

Fischer Rounds & Associates is an independent insurance agency that offers a wide range of insurance products to individuals and businesses in South Dakota. They work with multiple insurance companies to provide competitive prices and comprehensive coverage.


8. North Central Insurance

North Central Insurance is a trusted insurance agency providing commercial and personal insurance solutions. They offer a range of coverages including commercial property, auto, liability, and health insurance. Their team of professionals is dedicated to protecting assets and providing personalized service to their customers.


9. Graber & Associates Insurance

  • Website: graberassoc.com
  • Headquarters: Sioux Falls, South Dakota, United States
  • Founded: 1985
  • Headcount: 11-50
  • LinkedIn

Graber & Associates is an insurance agency offering health, life, long-term care, and specialty insurance coverage for individuals, families, and businesses. They partner with top-rated insurance companies to provide the best products and offer expert guidance to support their clients.


10. Wishard Insurance

Wishard Insurance is an independent, family-owned insurance agency offering personal, commercial, health, and life insurance services to help protect your assets and loved ones. Their team takes pride in providing excellent customer service and finding the best coverage to fit your needs and budget.


11. Pierson Insurance Agency

Pierson Insurance is an insurance agency that offers personal and commercial insurance services in Boise, Idaho.


12. Peterson Ins Agency

Peterson Insurance Agency is an insurance provider that offers a variety of insurance options across different categories, including Auto, Home, Business, Life, and Health insurance.


13. State Farm Mutual Automobile Insurance

  • Website: siouxfallsins.com
  • Headquarters: Sioux Falls, South Dakota, United States
  • Headcount: 11-50

Sioux Falls Insurance is an insurance agency providing a range of insurance products, including Auto, Homeowners, Business, Life and Pet insurance, to customers in South Dakota.


14. Jan Scriver - State Farm Insurance Agent

Jan Scriver is a State Farm insurance agent providing auto, home, renters, condo, and business insurance, as well as life insurance and annuities. They also offer securities and deposit products through affiliated companies.


15. Dan Scholten - State Farm Insurance Agent

Danscholten.com is a website for State Farm insurance agent Dan Scholten who offers various insurance products including auto, homeowners, life, business and pet insurance.


16. American Trust Insurance, LLC

  • Website: atiinsure.com
  • Headquarters: Huron, South Dakota, United States
  • Founded: 2004
  • Headcount: 11-50
  • LinkedIn

American Trust Insurance is an insurance company that offers a range of insurance coverage options. Their professional team makes insurance easy and hassle-free with policies that perfectly fit customers' needs. They serve South Dakota, Minnesota, and Iowa, with trusted agents in various communities.


17. First Western Insurance Agency, INC

First Western Insurance is an insurance brokerage firm providing insurance policies for individuals and businesses.


18. Providence Financial, Inc.

Providence Financial is an independent insurance agency offering comprehensive insurance solutions to protect individuals and businesses. They provide a wide variety of insurance options, including home insurance, workers' compensation insurance, health insurance, and auto insurance. With their trusted advice and personalized service, they help clients find the right coverage to safeguard their financial future.


19. South Dakota Trust Company LLC

  • Website: sdtrustco.com
  • Headquarters: Sioux Falls, South Dakota, United States
  • Founded: 2002
  • Headcount: 51-200
  • LinkedIn

South Dakota Trust Company is a versatile company that specializes in working with various types of non-financial assets, both onshore and offshore. They offer services such as life insurance trusts, LLCs, trust administration, estate planning strategies, and more. With unique and creative trust strategies, they help clients achieve financial goals and maximize tax savings.


20. MT & R C Smith Insurance

MT & RC Smith Insurance is an Independent Insurance Agency offering you a variety of products for your individual, family and business needs.


21. Pro Insurance Info

We make it easier for you to find the right insurance. We write about car and auto insurance, home and life insurance, as well as other types of insurance with tips that will help you save money on your premium. You can use our free comparison tools to compare quotes from leading companies.


Want to find more life insurance companies?


If you want to find more companies that offer comprehensive plans, from life insurance to annuities you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.


With Inven you'll also get to know the company's:


  • Ownership: Which of these are private equity backed? Which are family-owned?
  • Contact data: Who are the owners and CEO's? What are their emails and phone numbers?
  • Financials: How do these companies perform financially? What are their revenues and profit margins?

...and a lot more!