Affordable Burial Insurance in Montana: Guaranteed Coverage for Ages 18-85, No Exams or Health Questions Required!

Planning for end-of-life expenses is often a sensitive topic that many avoid until it’s absolutely necessary. However, knowing about burial insurance in Montana can offer valuable peace of mind.

Burial insurance, often referred to as final expense insurance, helps alleviate the financial burden on your family for funeral and burial costs.

These expenses can average between $7,000 to $12,000 in Montana, highlighting the importance of planning ahead.

Guide to Montana Burial Life Insurance Plans

Quick Review

Burial insurance in Montana, also known as final expense insurance, is a type of life insurance designed to cover end-of-life expenses such as funeral and burial costs.

It typically offers smaller coverage amounts compared to traditional life insurance policies, making it more affordable for seniors or those on a fixed income.

These policies are generally easier to qualify for, often requiring no medical exam, and provide peace of mind by ensuring that loved ones are not burdened with funeral expenses.

Residents in Montana can purchase burial insurance through various insurance providers, with options tailored to meet individual needs and budgets.

Understanding Burial Life Insurance

Burial insurance is a type of life insurance policy designed specifically to cover expenses related to your burial or funeral.

Unlike traditional life insurance, it typically offers smaller coverage amounts ranging from $5,000 to $25,000, tailored for those final expenses.

Guaranteed issue burial insurance is particularly popular as it offers guaranteed approval without medical exams or health questions. Coverage amounts can vary, but they generally provide enough to cover essential funeral costs.

Benefits of Burial Life Insurance

Let’s break down why guaranteed issue burial life insurance might be appealing:

Benefits:

• No medical exams required.
• Guaranteed approval for individuals within the age requirement, usually 50-85 (or 18-70).
• Simplified application processes.
• Fixed premiums that never increase.
• Provides peace of mind that loved ones won’t face financial burdens.

Limitations of Burial Life Insurance

However, there are some limitations to be aware of:

Limitations:

• Higher premiums due to increased risk for insurers.
• Limited coverage amounts compared to traditional insurance.
• Often includes a waiting period before full benefits are paid.

Eligibility Requirements: Guaranteed Issue Burial Insurance

To qualify for guaranteed issue burial life insurance, consider these eligibility requirements:

• Must be within the specified age range of the provider (usually 50-85 or 18-70).
• Able to pay the premiums, as most policies have fixed payments.
• Be a resident of the U.S.

Top Burial Life Insurance Companies in Montana

When selecting burial insurance in Montana, comparing providers is crucial. Two significant players in the field are Allstate Benefits Insurance Company and Mutual of Omaha.

• Allstate Benefits Insurance Company offers coverage from $10,000 up to $75,000 for people ages 18 to 70 years old, without a waiting period, and extends coverage options to spouse and children. Get a FREE Quote.
• In contrast, Mutual of Omaha provides from $2,000 up to $25,000 in coverage for people aged 45-85, with a 30-day free look period, allowing potential clients to assess their decision risk-free. Get a FREE Quote.

Both offer level premiums and coverage, but consider the maximum coverage, waiting period options, and additional benefits when choosing.

Recent A.M. Best ratings highlight the financial strength of both companies, with Mutual of Omaha and Allstate Benefits both holding an "A+" rating, confirming their stability and reliability for policyholders.

Features of Allstate Benefits vs. Mutual of Omaha

Let's break down the features of Allstate Benefits vs. Mutual of Omaha for guaranteed acceptance coverage.

Allstate Benefits Insurance Company

• Guaranteed Acceptance: Ages 18-70
• Coverage Amount: $10,000 up $75,000
• Available in every state and DC (except NY)
• No Medical Exam Required
• No Health Questions Asked
• No Waiting Period
• No 2 Year Graded Death Benefit
• Policy builds cash value, loan available
• Lifetime protection
• Premiums never increases, coverage never decreases

Start Your FREE Quote

NOTE: To qualify, applicants must be working at least 20 hours per week and not collecting any form of disability income or SSDI.

The policy goes In Force on the first day of the month after it's purchased.For example, if the policy was purchased during the month of January, it would be active February 1st.

Mutual of Omaha

• Guaranteed Acceptance: Ages 45-85 (50-75 in NY)
• Coverage Amount: $2,000 up to $25,000
• Two year waiting period limited death benefit
• No physical exam
• No health questions asked
• 30 day money-back guarantee
• Policy builds cash value, loan available
• Lifetime protection
• Premiums never increase, coverage never decreases

Start Your FREE Quote

Cost of Burial Life Insurance

Cost is always a significant consideration. These rates are subject to change based on various factors such as health status and benefit exclusions.

However, once you start your coverage, the rate you pay is locked-in (will never increase).

The pricing of guaranteed issue burial insurance is determined by several factors including age, gender, health condition, and the amount of coverage desired.

Common premium payment options include monthly, quarterly, or annual payments, making it flexible for your budget.

Sample Premiums

Here's a comparison of monthly premiums for $10,000 coverage for non-smokers age 50:

Allstate Benefits:

• Male: Approximately $28.18/month for $10,000 coverage.
• Female: Around $28.18/month for $10,000 coverage.
• Get a FREE Quote

Mutual of Omaha:

• Male: Close to $40.20/month for $10,000 coverage.
• Female: About $30.40/month for $10,000 coverage.
• Get a FREE Quote

These rates are based on various factors including age, gender, and smoking status. It's a good idea to check for personalized quotes to get the exact figures.

Average Burial and Funeral Cost in Montana

As you assess the costs, it's valuable to consider the average funeral and burial expenses in Montana, which sit around $7,742.

These figures help underline the adequacy of coverage amounts typically offered by guaranteed acceptance life insurance policies.

Understanding the average burial and funeral cost in Montana helps underscore the importance of such a policy. By planning with burial insurance, you can ensure that your loved ones are not left with this financial burden during a difficult emotional time.

Factors to Consider

Familiarizing yourself with Montana’s state-specific regulations can also aid in making an informed decision.

Various factors might include different provider guidelines or stipulations on coverage amounts.

Consider these factors as you navigate choosing the right policy:

• Coverage options and limitations.
• Reputation of the provider.
• Customer feedback and reviews.
• Cost and premium options.
• Simplicity and flexibility of the application process.

How to Purchase Burial Life Insurance

To purchase a burial life insurance policy, follow these steps:

• Research and compare different insurance providers.
• Determine the desired coverage amount based on potential final expenses.
• Review policy terms, conditions, and any exclusions.
• Apply through the provider's application process.
• Communicate your insurance plans and beneficiary details to your family.

Real-life Example of Burial Insurance

A story that resonates with this audience highlights the tale of Mary, a 62-year-old living in Montana who wanted to ensure her final expenses wouldn't burden her children. She found peace in knowing her burial insurance policy covered these costs, allowing her to focus on enjoying life, knowing her family wouldn’t face unexpected financial burdens after her passing.

Peace of Mind – Not Burden Loved Ones

Securing a solid burial insurance plan in Montana provides more than financial security; it ensures your wishes are honored, easing the planning process for your loved ones.

Many seniors are comforted by the idea that, when the time comes, their family can grieve without the immediate stress of financial obligations.

Summary

If you are ready to start exploring your options, consider reaching out to specific companies for quotes. Most companies offer free quotes and consultations, which is an excellent way to begin addressing your needs and understanding the coverage you can obtain within your budget.

With the right information and guidance, burial life insurance in Montana offers a compassionate pathway to protect your loved ones. A prudent plan not only safeguards financial matters but reflects your lasting care for your family’s well-being.

Start today by requesting a quote from reputable providers like Allstate or Mutual of Omaha—you’ll not only be planning ahead but ensuring your family’s peace of mind.

Burial Life Insurance Quotes

Top Pick – Allstate Benefits Insurance Company

Allstate Benefit's Guaranteed Acceptance policy offers $10,000 to $75,000 of coverage to working applicants between the ages of 18 and 70. Rates start as low as $9.65 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply today. Start Here to get a FREE Quote.

NOTE: To qualify, applicants must be working at least 20 hours per week and not collecting any form of disability income or SSDI.

Highly Recommended – Mutual of Omaha

Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.

• Your life insurance policy comes with a 30 day Risk-Free, Money-Back Guarantee