South Dakota Life Insurance

Last Updated on September 17, 2020 by Andrew Lee

Find the Best Life Insurance

Compare Term & Whole Life Insurance Options:

When it comes to life insurance, smart consumers know the importance of first establishing the amount of coverage they need. They do so to ensure they can easily fit the premium payments they have to make on a monthly basis in their budget. The same goes true for existing policyholders, as major life changes almost always warrant a change in policy benefits.

The last thing you want is to have a lapsed policy because of the inability to pay, so before settling on a policy value and term, you should first come up with a price range you can afford. The tables below will help you have a clearer picture of how much a typical policy costs in Pierre, South Dakota.

Estimated Monthly Premiums
Pierre, SD 57501
Policy: $200K
Duration: 30 Years

Age & Gender Smokers  Non-Smokers
 30 Yr Old Male  $55.65 – $91.53 $19.17 – $45.45
45 Yr Old Male $167.65 – $230.87 $39.36 – $125.94
 30 Yr Old Female $40.42 – $72.88 $16.35 – $35.34
 45 Yr Old Female $117.34 – $176.49 $30.89 – $82.53


You most likely immediately noticed how the younger groups pay a lot less. On average, non-smoking males in their 30s pay about $50 less than those in their 40s. Younger women pay almost $31 less than the older group.

Going for a bigger payout but reducing term

Say you only want your policy to pay out a bigger death benefit but only keep it for 20 years. Your premiums may play around the following ranges:

Estimated Monthly Premiums
Pierre, SD 57501
Policy: $500K
Duration: 20 Years

Age & Gender Smokers  Non-Smokers
 30 Yr Old Male  $72.62 – $133 $20.36 – $58.05
45 Yr Old Male $213.94 – $430.30 $50.06 – $138.95
 30 Yr Old Female $59.50 – $115.40 $17.93 – $44.90
 45 Yr Old Female $154.32 – $296 $39.48 – $116.10


The table above reiterates the huge difference age makes when it comes to the overall cost of life coverage. It also shows that including smoking in the equation will always make premiums go higher. And this is just one of the unhealthy habits insurers consider when calculating rates. The use of electronic cigarettes and other products containing nicotine also contributes to greater expenditures.

More life insurance help

As you shop around for offers, you’ll see that all insurance companies verified licensed by the South Dakota Division of Insurance charge established adults and smokers higher rates. Because you want to trim your expenses, consider buying while you’re still young. You should also avoid smoking or the use of related products at all costs.