Guaranteed Funeral Insurance in Montana – No Exams, No Health Questions (Ages 18-85)
Planning ahead not only brings peace of mind, but it also ensures that your family won't be burdened with unexpected expenses during a difficult time. This is a major reason why many Montanans are considering funeral insurance.
With funeral costs in the state averaging between $7,000 and $12,000, it's a practical way to prepare financially for the future.
Funeral insurance, or final expense insurance, covers the costs associated with your end-of-life services—helping your family to focus on celebrating your life without financial stress.
Guide to Montana Guaranteed Funeral Insurance
Funeral insurance in Montana, often referred to as burial or final expense insurance, is a type of life insurance designed to cover the costs associated with a person's funeral and burial expenses.
This insurance is particularly beneficial for individuals who want to ensure that their end-of-life expenses do not become a financial burden on their loved ones.
Policies typically offer smaller coverage amounts compared to traditional life insurance, making them more affordable and accessible, especially for seniors.
In Montana, as in other states, funeral insurance can be purchased through various insurance providers, and it often requires minimal medical underwriting, allowing for easier qualification.
Funeral insurance in Montana provides residents with peace of mind, catering specifically to local needs and considerations like rural living and potentially higher costs. It's essential to understand how funeral insurance works.
Basically, you or your chosen beneficiary receive a cash payout upon your passing. This benefit can then be used towards funeral arrangements, burial service, or other end-of-life expenses. The key here is flexibility — your beneficiary can also use any remaining funds as they see fit.
Benefits of Guaranteed Issue Funeral Insurance
One popular option within the funeral insurance category is guaranteed issue life insurance. This policy requires no medical exams or health questions, making it accessible for those with pre-existing conditions.
Here’s a quick look at the benefits:
- No medical examination or health questions
- Guaranteed acceptance regardless of health
- Fixed premiums that do not increase with age
- Permanent coverage as long as premiums are paid
Limitations of Guaranteed Issue Funeral Insurance
However, potential buyers should also be aware of the limitations:
- Higher premiums compared to standard policies
- Lower coverage limits, often capped at $25,000
- Graded death benefit (may have limited payouts within the first 2-3 years)
Eligibility Requirement for Guaranteed Approval
Eligible applicants for guaranteed issue funeral insurance often need to meet specific criteria:
- Typically between ages of 18 to 85
- U.S. citizen or legal resident
- Able to pay the premiums
Top Funeral Life Insurance Companies in Montana
Residents comparing policies will find several Montana funeral insurance companies ready to assist. Two notable providers in the state 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 funeral insurance 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
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
Common Reasons to Buy Funeral Insurance
Here’s why many are opting for guaranteed issue funeral insurance:
- Uninsurable elsewhere due to health conditions
- Desire for immediate coverage without delay
- Wanting to leave a legacy without burdening family financially
- Ensures funeral and burial costs are covered
Factors to Consider
Factors to consider when choosing a policy include:
- Current health status and life expectancy
- Financial budget to afford monthly premiums consistently
- Coverage limits versus actual expected funeral costs
- Provider reputation and policy flexibility
Real-Life Examples of Funeral Insurance
- After a sudden health diagnosis, Mary and her husband from Billings decided on guaranteed issue funeral life insurance to relieve their children from the financial strain if anything happened.
- Tom, a 52-year-old from Missoula, used his guaranteed funeral insurance policy primarily to fund a green burial, respecting both his financial and ecological concerns.
- Lucy, concerned with recent chronic illness, purchased a funeral policy for her own peace of mind, knowing her sister could use the payout how she saw fit, ensuring a seamless process.
Cost of Funeral Life Insurance
When considering funeral insurance in Montana, it's helpful to compare sample rates.
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 funeral 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 Funeral and Burial 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 funeral life insurance, you can ensure that your loved ones are not left with this financial burden during a difficult emotional time.
How to Buy Guaranteed Issue Funeral Insurance
If you’re ready to take the next step, purchasing guaranteed issue funeral insurance is straightforward:
- Research and compare options
- Contact insurers for detailed information and quotes
- Complete a simple application without exams
- Select a coverage amount that meets your needs
- Assign a beneficiary (often a family member)
- Sign the agreement and pay initial premiums
Peace of Mind
Industry reports, like those from the American Council of Life Insurers, consistently show that people who plan financially for funeral costs experience much lower stress levels.
Montana’s unique end-of-life needs also influence how these policies are structured. Whether in urban hubs like Bozeman or rural stretches, knowing that you’ve planned for funeral costs helps you have peace of mind in the present.
Summary
Take your time, review the options, and make an informed decision. The peace it brings is invaluable — allowing you to live fully in each moment, confident that your future passes on only memories, not additional obligations. When you’re prepared, your family is equipped too, fostering strength and unity.
Ready to move forward?
Requesting a quote puts you one step closer to securing the financial future of your family without the weight of funeral expenses.
Whether your intent is purely informational or transactional, the solutions await, tailored perfectly to Montana’s demographic.
Funeral 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
Montana Final Expense Insurance
Disclosure: Compensated Affiliate