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2024

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Best Life Insurance Companies in Montana

Our Recommended Top 8

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Montana Life Insurance Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

48057Reviewed

28837Curated

8Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Montana

Expertise.com Rating

Review Sources

Google
4.9 (61)
Facebook
5.0 (3)

Why choose this provider?

Tom Clinch is an insurance broker working in Montana. After years of experience in the insurance industry, Tom decided to become independent in 2021 and form his own agency, Tom Clinch - Goosehead Insurance. His team offers life insurance, which provides financial benefits to dependents upon the premature death of the insured person. Its other insurance products include auto, homeowners', and business insurance. Tom and his staff represent various insurance providers, including Progressive, Allstate, Foremost, Nationwide, and MetLife.

  • Life Insurance

Montana

Expertise.com Rating

Review Sources

Google
4.9 (50)

Why choose this provider?

Insurance Unlimited offers customized financial coverage to Montana-based clients through its selection of personal and business products. Its agents take on a personalized approach by tailoring their life insurance policies based on information involving each client's domestic situation and financial capabilities. They shop for products from various known carriers in the industry, ranging from Nationwide and Travelers to Berkshire Hathaway. They make use of comprehensive insurance-related insight that is drawn from over two decades of experience and service.

  • Life Insurance

Montana

Expertise.com Rating

Review Sources

Google
4.8 (36)
Facebook
5.0 (22)

Why choose this provider?

Bison Insurance, PLLC, is a locally owned and operated business serving the residents of Montana and the surrounding areas. The independent insurance agency, based in Helena, offers both whole and term life insurance policies. It provides a variety of personal coverage options, including motorcycle, mobile home, automobile, ATV, and homeowners' insurance. Some of its commercial products include worker’s compensation, product liability, business owner’s policy, and farm insurance. Bison Insurance also assists clients in filing insurance claims.

  • Life Insurance

Montana

Expertise.com Rating

Review Sources

Google
4.7 (34)
Facebook
5.0 (15)

Why choose this provider?

Advanced Agency Alliance is an insurance company providing services to the residents of Montana. The company provides term, whole, and universal life insurance plans. Additionally, the agency offers health insurance such as dental, medical, vision, medicare supplements, and on and off-exchange plans. Other services offered are special lines, commercial, auto, rental house, homeowners, and condo insurance. The company has been around since 2006 and its team has over 45 years of combined experience in the insurance industry.

  • Life Insurance

Montana

Expertise.com Rating

Review Sources

Google
4.5 (21)
Facebook
5.0 (2)

Why choose this provider?

Key Insurance is an independent full-service agency in Montana that caters to both residential and commercial clients. It carries life insurance policies with term life, whole life, permanent, and annuity options. Its selection of personal and business protection plans also includes home, auto, and umbrella insurance, as well as special coverage for nonprofits, farms, and ranches. Key Insurance was founded in 2005 and works in partnership with various carriers, such as Safeco, MetLife, and Travelers.

  • Life Insurance

Montana

Expertise.com Rating

Review Sources

Google
4.5 (28)
Facebook
5.0 (10)

Why choose this provider?

Cogswell Insurance Agency serves customers in Montana who are seeking life insurance plans. These policies are aimed at individuals and groups who require protection in the event of death or disability. Long-term care options are available, and the team also has property-focused products for boat owners, motorcycle enthusiasts, and home renters. Cogswell Insurance Agency opened in 1937 and its current president is Colin Lee, who was in the financial sector before shifting to the indemnity field in 2009.

  • Life Insurance

Montana

Expertise.com Rating

Review Sources

Google
4.0 (8)

Why choose this provider?

Belgrade Insurance Agency is a company that has been offering its services around Montana since 1915. It provides insurance coverage options to clients such as life insurance, auto insurance, home insurance, business and commercial insurance, and farm and ranch insurance. The business also handles insurance options for watercraft, motorcycles, snowmobiles, recreational vehicles, and apartments. Belgrade Insurance Agency also extends its services to offering insurance with National Farmers Union Insurance, Safeco, Montana State Fund, and Liberty Mutual.

  • Life Insurance

Montana

Expertise.com Rating

Review Sources

Google
4.7 (33)
Facebook
5.0 (18)

Why choose this provider?

Tamarack Insurance provides life coverage solutions in Montana and the surrounding areas. Its agents consider clients' desired short-term and long-term coverage, financial condition, and number of dependents when customizing benefits packages. They recommend term, whole, and universal life insurance from providers like Berkshire Hathaway, Hartford, and Progressive. The family-operated company also offers auto, home, commercial liability, and other casualty line insurance. For over 30 years, business founder Greg Knuffke has worked in insurance sales, claims, and underwriting.

  • Market Place

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Tom Clinch
750 W Custer Ave Ste 3, Montana, MT 59602
Insurance Unlimited
1040 Helena Ave, Montana, MT 59601
Bison Insurance, PLLC
1040 Partridge Place, Ste 2, Montana, MT 59602
Advanced Agency Alliance
408 9th Street South, Montana, MT 59405
Key Insurance
124 W Lewis St, Montana, MT 59047
Cogswell Insurance Agency
800 9th Street South, Montana, MT 59405
Belgrade Insurance Agency
203 W Madison, Suite E1, Montana, MT 59714
Tamarack Insurance
200 Parkhill Dr., Montana, MT 59937

FAQs

  • Which is better, term or whole life insurance?

    Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

  • How much life insurance do I need?

    A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.

  • How does life insurance work?

    The details of how life insurance works depend on your individual plan, but the basics are as follows: 

    • You pay a premium to purchase the insurance. Typically the premium is paid monthly, but it could be rolled into quarterly, bi-annual, or annual payments. 
    • As long as you are meeting or have met premium obligations, if you pass away, the insurance company makes the agreed-upon payment to the beneficiaries you designated. 
    • Beneficiaries usually have to provide the insurance company with a death certificate to receive their payments.
  • How much is life insurance?

    The cost of life insurance ranges widely. Term life insurance can cost as little as a few dollars a day, and whole life insurance can cost thousands per month on the high end. Factors that impact the cost of your life insurance include whether you're choosing term life insurance or whole life insurance, your age, how much coverage you want, your overall health, and your gender.

  • Is life insurance taxable?

    Life insurance proceeds are the funds paid via your plan to your beneficiaries if you pass away. These are also called death benefits. Typically, these are not considered income for taxes. If you take out cash value from a whole life insurance investment and the amount exceeds how much you paid in premiums, the difference may be considered taxable income.


  • Can I buy health insurance that is not Obamacare?

    When people say "Obamacare insurance," they typically mean insurance within the health insurance marketplace. You can get health insurance outside of the marketplace by going through your employer, choosing COBRA coverage if you leave your job, or buying a short-term health insurance policy through an insurance agent. ACA-compliant plans meet all the benefits and coverage requirements of the Affordable Care Act. But you may be able to find supplemental or short-term coverage that simply provides peace of mind for major medical expenses.

  • Can I buy health insurance anytime?

    To buy health insurance in the marketplace, you must purchase it within open or special enrollment periods. But you can purchase short-term coverage to bridge the gap between now and the next open enrollment period. These plans are meant to be used for less than a year. You can purchase them online or via insurance agents, but they may not be ACA-compliant.

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