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South Dakota

Vision Insurance offers Life, LTC, Home Owners, Auto and Business Insurance in South Dakota.


Presented by Tamala Francis,
Founder & CEO at Francis & Co.

Vision Insurance
​We all need to have a compelling vision of future that we aspire to, and then proceed with our day to day in order to  make that future a reality. That’s how you live in the vision.


Chris Jacobson is the owner and founder of Vision Insurance Group. His podcast “Live in the Vision” carries the mission of discussing and teasing out themes that business owners, athletes and people use to improve their processes. Current circumstances may sometimes appear to run contrary to our goals, but we have to persist in living in the vision of our future.  

Vision Insurance offers Life, LTC, Home Owners,
Auto and Business Insurance in South Dakota.

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South Dakota Life Insurance

  1. According to the South Dakota Division of Insurance, there were 245,000 individual life insurance policies in force in the state as of 2020.

  2. The average life insurance policy in South Dakota had a face value of $116,000 in 2020.

  3. In South Dakota, life insurance policies are regulated by the South Dakota Division of Insurance. The division is responsible for licensing insurance companies and agents, reviewing policy forms and rates, and enforcing state insurance laws.

  4. South Dakota has a law called the "incontestability clause," which means that after a life insurance policy has been in force for two years, the insurance company cannot deny payment of a claim except in cases of fraud.

  5. There is no state income tax in South Dakota, which means that life insurance death benefits are not subject to state income tax.

  6. South Dakota is one of the few states that does not have an estate tax or inheritance tax, which can make life insurance a more attractive estate planning tool for South Dakota residents.

  7. South Dakota allows insurers to use credit-based insurance scores to determine a policyholder's premium rates for life insurance. However, insurers must notify policyholders if their credit score was a factor in determining their premium rate.

  8. South Dakota also allows life insurance companies to offer "accelerated death benefits" or "living benefits," which allow policyholders to receive a portion of their death benefit while they are still alive if they are diagnosed with a terminal illness or have a certain type of medical condition.

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