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Best Life Insurance Companies in Montana

Our Recommended Top 8

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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

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8Top Picks

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Providers

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Best Life Insurance Companies Serving Montana
Montana

Expertise.com Rating

Review Sources

Google
4.8 (36)
Facebook
5.0 (18)

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

Best Life Insurance Companies Serving Montana
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

Best Life Insurance Companies Serving Montana
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

Best Life Insurance Companies Serving Montana
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

Best Life Insurance Companies Serving Montana
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

Best Life Insurance Companies Serving Montana
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

Best Life Insurance Companies Serving Montana
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

Best Life Insurance Companies Serving Montana
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

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Bison Insurance, PLLC
1040 Partridge Place, Ste 2, Montana, MT 59602
Key Insurance
124 W Lewis St, Montana, MT 59047
Advanced Agency Alliance
408 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
Tom Clinch
750 W Custer Ave Ste 3, Montana, MT 59602
Insurance Unlimited
1040 Helena Ave, Montana, MT 59601
Cogswell Insurance Agency
800 9th Street South, Montana, MT 59405

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Montana Life Insurance FAQs

  • Can you take out a life insurance policy for somebody else in Montana?

    In Montana, you can only buy life insurance for someone other than yourself if the benefits will go to the insured person, their personal representative, or someone who has an insurable interest in them. This is according to Montana Code 33-15-201. Generally, you will also need the consent of the person you are insuring, and most insurance companies will require them to undergo a medical exam.

  • Do life insurance companies in Montana give a grace period for policyholders who are late on premium payments?

    Yes. According to Montana Code Section 33-20-104, life insurance policies must include a grace period of at least 30 days for unpaid premiums. For group life insurance, the grace period is 31 days, according to Section 33-20-1202. Insurers cannot cancel your policy, and coverage should be continuous during the grace period. You must pay the overdue premium within this period, or your policy may be canceled.

  • What happens to your life insurance policy if the insurer closes business in Montana?

    If your insurer is licensed in the state, your policy will be taken over by the Montana Life & Health Insurance Guaranty Association. Alternatively, the Association may turn over your policy to another insurer. Your coverage will remain active throughout this process as long as pay your premiums. The Association will be liable to pay out claims but only to a certain limit. It will pay your death benefit up to $300,000 or your cash surrender value up to $100,000.

  • What happens to death benefits in Montana if the life insurance beneficiaries have passed away before the insured?

    The policyholder’s estate will receive the life insurance proceeds If there are no living beneficiaries or there were no beneficiaries listed on the policy at all. To prevent this, it is recommended to periodically review and update a policy’s beneficiary list, designate contingent beneficiaries, and appoint a custodian for minor beneficiaries, if any. Once the death benefit is paid to an estate in Montana, it will undergo probate and may be used to pay off the policyholder’s creditors.

  • How long does it take to receive a life insurance claim payment in Montana?

    Under Montana Code Section 33-18-232, life insurance companies are expected to pay insurance proceeds within 30 days of receiving proof of death. If the insurer requires additional information, the timeline for payment or rejection of the claim can be extended to 60 days from the proof of death receipt.