Life insurance by state · MT
Life insurance in Montana
What Montana law gives you, which carriers quote in Montana, and how to get covered — from an independent agency licensed in Montana.
The short answer
Montana residents can choose from 10 final expense and 14 term life carriers we work with that quote in Montana. New policies typically come with a 10-day free look, and the state guaranty association backs life insurance death benefits up to $300,000.
Your protections in Montana
| Regulator | Montana Commissioner of Securities and Insurance |
|---|---|
| Free-look period | Typically at least 10 days · 30 days for replacement policies (Mont. Admin. R. 6.6.306(1)(d)) |
| Guaranty association | Montana Life & Health Insurance Guaranty Association: up to $300,000 death benefit, $100,000 cash value (overall per-person cap applies) |
| Community property state | No |
| State estate / inheritance tax | Estate tax: no · Inheritance tax: no |
Good to know in Montana
- Under MCA 33-20-114, a Montana life insurer must settle a death claim within 60 days of receiving proof of death, and if it pays after the first 30 days it must add interest from the 30th day at the greater of the policy rate or a Federal Reserve 90-day commercial-paper benchmark rate. Source
- Under MCA 33-20-1501, Montana treats funeral (burial or preneed) insurance as life insurance regulated under Title 33, chapter 20, with limited guaranteed-benefit funeral policies capped at an initial $25,000 and required to state that the beneficiary may use the proceeds for any purpose. Source
Carriers we work with that quote in Montana
Final expense / burial: Aetna · American Home Life · Americo · Fidelity · Foresters · Mutual of Omaha · NewBridge · Royal Neighbors · Transamerica · UHL
Term life: American Amicable · Americo · Catholic Financial · Foresters · InstaBrain · John Hancock · Kansas City Life · Mutual of Omaha · National Life Group · Primerica · Protective · Royal Neighbors · SBLI · Transamerica
From our quoting system’s Montana results (September 2026). Product availability and rules vary by carrier and change over time.
How to get covered in Montana
- Figure out how much you need — final expense calculator or mortgage protection calculator.
- See typical prices by age — life insurance cost by age.
- Tell us your health history — we match you to the Montana carrier most likely to approve you at the best price (condition guides).
- Apply by phone with an e-signature — many decisions are instant or same-day.
Licensed in Montana. Compare dozens of carriers in one free call — no pressure.
Get my quotes → Call 586-343-1505Sources: Regulator · Guaranty association · Free-look rule · Estate/inheritance tax
Straight answers
Life insurance in Montana — FAQ
How long is the free-look period for life insurance in Montana?
New individual life insurance policies sold in Montana typically give you at least 10 days to review the policy and cancel for a full refund (30 days for replacement policies (Mont. Admin. R. 6.6.306(1)(d))). The exact window is printed on your policy’s first page.
What happens to my life insurance if the company fails in Montana?
The Montana Life & Health Insurance Guaranty Association protects Montana residents up to $300,000 in life insurance death benefits and $100,000 in cash value, subject to an overall per-person cap. It’s a backstop — choosing a financially strong carrier still matters.
Who regulates life insurance in Montana?
The Montana Commissioner of Securities and Insurance. You can verify an agent’s license or file a complaint with them.
Can I buy life insurance in Montana by phone?
Yes. United Eagles Financial is licensed for life insurance in Montana; most applications are done by phone or video with an electronic signature.