Funeral & Final Expense Insurance in Montana In 2024
Posted in Burial Insurance by State last updated on December 2, 2023Looking to learn about & buy funeral insurance(burial, cremation, final expense insurance etc.) in Montana? Then you are in the right place because both simplified issue plans(no waiting periods) & guaranteed issue life insurance(2 year waiting periods) are available in your state.
Funeral insurance is also known as burial insurance or cremation insurance is simplified issue whole life final expense life insurance & guaranteed issue life insurance.
This type of life insurance product is just marketed under these names because of the main reason people use it.
It provides a fast death benefit payout to your beneficiary when you die that they can use to pay for the funeral.
Any money leftover is your beneficiary’s to keep for any purpose after paying your end of life expenses.
Coverage amounts range between $1,000 – $50,000, premiums never increase, death benefits never decrease, policy never expires(whole life means lifetime coverage).
There are no medical exams required just answering health questions & consenting to prescription and health history checks.
Guaranteed issue plans do not have health questions or medical & prescription history checks. They come with an automatic 2 year waiting period.
These are last resort policies if your are extremely sick disqualifying you from any simplified issue plans.
In this guide, we will discuss all the information you need to know to make an informed decision to purchase the right coverage.
Table of contents
- Understanding Final Expense Insurance in Montana
- Leading Cause of Death in Montana
- How much Burial Insurance do I need for Funeral Insurance Montana?
- Benefits of Funeral Insurance in Montana
- Eligibility Requirements of Funeral Insurance in Montana
- Burial Insurance Cost in Montana
- How to Enroll in Funeral Insurance Montana?
- ParamountQuote Mission
Understanding Final Expense Insurance in Montana
Now final expense insurance covers burial, cremation, funeral expenses and any other end of life expenses. Any left over medical bills or credit card debts can also be covered with a final expense policy.
Burial insurance is whole life meaning it is permanent coverage that never expires as long as premiums are paid. The coverage amounts available for final expense insurance would be $2,000 to a maximum of $50,000 in final expense coverage.
Keep in mind that funeral insurance does not require a medical exam. You just need to answer health questions and the life insurance company checks your medical and prescription history.
If you are healthy or applying with a company that accepts your pre-existing conditions you will be approved.
This will make the difference between getting a burial policy with no waiting period or applying no health question burial coverage.
Leading Cause of Death in Montana
According to cdc.gov
The leading cause of death in Montana in 2017 is Heart Disease.
Heart disease is very common in America and holds a high death rate in several states.
Other leading causes are:
- Cancer
- Chronic Lower Respiratory Disease
- Accidents
- Stroke
- Suicide
- Diabetes
- Alzheimer’s Disease
How much Burial Insurance do I need for Funeral Insurance Montana?
Above all, deciding how much funeral insurance coverage you need in Montana depends on a few factors.
- Are you trying to cover just the funeral?
- What type of service do you want?
- Is there any other end-of-life expenses you want to be covered?
According to funeralocity.com
The high price of a funeral is around $7,175.
Another thing to factor into this is inflation. In the next 10 years everything is expected to go up this means the price of a funeral in Montana can reach upwards of $9,000 in the coming years.
There are also other end-of-life expenses to consider like unpaid bills, mortgage balances, credit card debts, unpaid liens against your property, etc.
With all of this taken into account, we recommend getting a policy with an additional $5,000 added on to your face amount to account for inflation and another $5,000 for any debts you may have.
So if your burial is going to be $7,175 you should get a policy for $17,000 this will make sure everything is paid for.
Benefits of Funeral Insurance in Montana
We are going to list the benefits of funeral insurance in Montana in our table below.
| Benefit | Description |
|---|---|
| Level Premiums | Burial insurance Premiums never increase for the life of the policy |
| Level Death Benefit | Burial Insurance Death benefit never decreases for the life of the policy |
| Coverage Never Expires | Policy never expires as long as premiums are paid |
| Cash Value | Premiums paid into the policy build an additional savings to the policy’s face amount that can be borrowed against |
| Tax-Free Death Benefit | The Death Benefit to your beneficiary is 100% tax free |
| Peace of Mind | Burial, funeral and cremation expenses are all covered which gives you peace of mind |
| No Medical Exams | No medical exams required to qualify. You only answer health questions. |
| Financial Security | Burial Insurance provides the money to pay your funeral costs so your family does not have the financial burden placed on them to pay burial expenses. |
| Easy Underwriting | Burial Insurance is easy to qualify for. Even seniors with moderate health conditions can get a low premium. |
| Instant Decision | Burial Insurance uses instant decision during the application process. This means when you apply you will receive a decision of approval or denial right after the application is submitted. |
Eligibility Requirements of Funeral Insurance in Montana
The eligibility requirements for funeral insurance are going to be listed in our table below. This will give you a simplified list of everything needed to be eligible for funeral insurance.
| Eligibility Requirement | Description |
|---|---|
| Age & Date of Birth | Your current age determines your eligibility with different policies. If you are older than age 85 for example a majority of life insurance companies will not offer you burial insurance. |
| Height & Weight | You current heigh and weight affect your eligibility with some life insurance companies because high risk health conditions are directly linked to obesity. |
| Resident State | Your resident state determines which plans are available to you. Some life insurance companies may not have their policies available in your state. |
| Current & Past Health History | Your health determines your eligibility for burial insurance. If you hav extreme current or a past history of health conditions such as cancer you are considered high risk and many life insurance companies may not accept you. |
| US Citizenship | You must be a US citizen or permanent resident to buy burial insurance in the United States. If you are a citizen of a different country you are not eligible. |
| Current Medications | Your current medications indicate to the life insurance company how your health is. This is how they can categorize you as a high risk applicant or not. |
| Criminal History | A criminal history indicates if you are a high risk. If you have an extensive criminal record life insurance companies will not accept you. |
Burial Insurance Cost in Montana
Below is a table of sample burial insurance quotes in Montana for final expense whole life insurance.
We go through ages 19 – 91 so if you are looking for burial insurance for young adults or whole life final expense insurance for seniors at age 80 or whole life coverage for seniors age 70 or a whole life policy for seniors age 60 we have the information here for you.
Burial insurance in Montana is final expense life insurance which is whole life insurance with just lower coverage amounts between $2,000 – $40,000 depending on which company you qualify for.
This life insurance provides a quick death benefit payout to your beneficiary typically within 24 – 48 hours so they can pay for your funeral quickly.
This protects and gives them peace of mind knowing they can focus on grieving your loss and that the funeral is paid for my the burial insurance companies available in Montana.
| Age | $10,000 Male Non Smoker | $10,000 Male Smoker | $10,000 Female Non Smoker | $10,000 Female Smoker |
|---|---|---|---|---|
| 19 | $12.87 | $16.59 | $12.03 | $13.74 |
| 20 | $13.19 | $17.02 | $12.13 | $15.40 |
| 21 | $13.50 | $17.46 | $12.74 | $17.02 |
| 22 | $14.17 | $18.18 | $13.06 | $17.05 |
| 23 | $14.54 | $18.51 | $13.77 | $17.08 |
| 24 | $15.43 | $19.19 | $15.16 | $17.10 |
| 25 | $15.95 | $20.00 | $15.28 | $17.39 |
| 26 | $16.28 | $20.83 | $15.40 | $17.69 |
| 27 | $16.61 | $21.75 | $15.51 | $17.95 |
| 28 | $16.92 | $22.15 | $15.61 | $18.22 |
| 29 | $17.25 | $22.54 | $15.73 | $18.48 |
| 30 | $17.57 | $23.07 | $16.09 | $19.06 |
| 31 | $17.97 | $23.60 | $16.45 | $19.66 |
| 32 | $19.84 | $24.25 | $16.79 | $20.21 |
| 33 | $20.34 | $25.00 | $17.12 | $20.75 |
| 34 | $20.93 | $25.83 | $17.45 | $21.28 |
| 35 | $21.53 | $26.59 | $17.99 | $21.89 |
| 36 | $22.14 | $27.37 | $18.54 | $22.50 |
| 37 | $22.84 | $28.18 | $19.06 | $23.08 |
| 38 | $23.54 | $29.08 | $19.55 | $23.62 |
| 39 | $24.34 | $29.87 | $20.05 | $24.18 |
| 40 | $23.13 | $30.66 | $20.70 | $24.98 |
| 41 | $23.62 | $31.43 | $19.75 | $25.80 |
| 42 | $24.11 | $32.21 | $19.93 | $26.57 |
| 43 | $24.64 | $32.93 | $20.10 | $27.30 |
| 44 | $25.18 | $33.41 | $20.38 | $28.03 |
| 45 | $25.79 | $34.00 | $20.88 | $28.80 |
| 46 | $26.43 | $34.57 | $21.43 | $29.55 |
| 47 | $27.10 | $35.17 | $22.01 | $28.06 |
| 48 | $27.71 | $35.58 | $22.33 | $28.56 |
| 49 | $27.35 | $38.27 | $21.78 | $29.22 |
| 50 | $28.29 | $39.47 | $23.56 | $30.14 |
| 51 | $29.26 | $40.77 | $24.48 | $31.06 |
| 52 | $30.31 | $42.22 | $25.09 | $32.72 |
| 53 | $31.47 | $43.83 | $25.62 | $34.54 |
| 54 | $32.77 | $45.44 | $26.26 | $38.99 |
| 55 | $34.25 | $48.12 | $27.11 | $40.85 |
| 56 | $35.88 | $52.06 | $28.20 | $42.71 |
| 57 | $37.69 | $54.25 | $29.51 | $42.30 |
| 58 | $39.64 | $56.72 | $31.70 | $43.61 |
| 59 | $40.10 | $55.60 | $31.00 | $44.50 |
| 60 | $41.84 | $56.72 | $31.70 | $43.61 |
| 61 | $43.76 | $59.64 | $32.87 | $45.19 |
| 62 | $46.41 | $63.28 | $34.51 | $47.48 |
| 63 | $49.07 | $67.72 | $36.06 | $49.78 |
| 64 | $51.22 | $69.53 | $37.72 | $52.07 |
| 65 | $53.58 | $72.72 | $39.36 | $54.36 |
| 66 | $56.48 | $76.06 | $41.01 | $56.66 |
| 67 | $59.85 | $80.53 | $43.44 | $60.22 |
| 68 | $63.18 | $84.67 | $45.86 | $63.60 |
| 69 | $66.84 | $89.65 | $48.29 | $66.09 |
| 70 | $70.79 | $94.64 | $50.81 | $70.45 |
| 71 | $73.15 | $98.31 | $53.24 | $72.18 |
| 72 | $78.81 | $103.97 | $56.20 | $75.86 |
| 73 | $83.99 | $109.94 | $58.46 | $79.74 |
| 74 | $89.46 | $116.69 | $63.55 | $84.14 |
| 75 | $94.87 | $123.65 | $67.78 | $88.66 |
| 76 | $99.97 | $132.48 | $72.41 | $94.42 |
| 77 | $107.04 | $141.32 | $78.25 | $101.63 |
| 78 | $114.13 | $150.57 | $83.51 | $108.24 |
| 79 | $122.13 | $161.81 | $88.44 | $115.15 |
| 80 | $129.52 | $171.23 | $93.41 | $125.01 |
| 81 | $139.73 | $181.75 | $98.43 | $135.14 |
| 82 | $149.95 | $192.98 | $106.21 | $147.04 |
| 83 | $160.16 | $204.65 | $113.96 | $160.56 |
| 84 | $171.02 | $219.19 | $121.31 | $170.76 |
| 85 | $181.88 | $237.28 | $128.55 | $179.58 |
| 86 | $192.74 | $257.57 | $135.90 | $192.35 |
| 87 | $236.25 | $337.32 | $171.33 | $237.32 |
| 88 | $276.68 | $353.99 | $205.98 | $253.99 |
| 89 | $317.10 | $370.65 | $240.63 | $278.99 |
| 90 | $357.53 | $378.98 | $275.28 | $303.99 |
How to Enroll in Funeral Insurance Montana?
Getting started is very simple.
First, fill out the form to your right with some basic information. At that point, you will see different plans and pricing available in your state.
You will receive a call from one of our licensed agents at that point who will confirm your information and begin the field underwriting process.
Once they finish asking you their initial health questions they confirm your rate class and begin the enrollment process.
There are 2 ways to enroll:
- Voice Signature – This is where you and the agent perform a voice signature with the carrier to sign for your application. There are additional signatures if you are also applying for accidental death coverage riders.
- E-mail Signature – The agent will send you an email with a DocuSign to sign for your application. You simply follow the prompts on the screen.
Once the signatures are complete an instant decision is reached.
the process takes 30 minutes or less.
ParamountQuote Mission
Here at ParamountQuote, our mission is to help consumers find the best funeral insurance in Montana.
We are a national independent broker specializing in burial insurance.