The Difference When Getting a Funeral Insurance Policy in Montana

Funeral Insurance Montana

In most states, women and men pay different rates for life insurance (and other types of insurance). From a legal standpoint, this is not due to gender, but instead to how the claims and risks are historically trending. But Montana, back in 1985, passed the first unisex legislation, banning insurance companies from using gender when setting rates and benefits. Read on to find out why this unisex legislation was put in place and how Montana residents are treated differently than those in other states when getting Funeral Insurance.

Unisex Life Insurance Policies in Montana

It was actually the complaints by women that precipitated this change in the law in 1985. They felt that different premium rates for men and women, based on statistical records comparing the two groups’ risk of loss, was discriminatory. The state of Montana had a long-standing culture of influence in women’s rights, going back to the right to vote where the state was 6 years ahead of the rest of the country.

Now, it would seem counter intuitive that women would want the same rates as men, since women typically pay lower premiums for identical benefits as their male counterparts. Women, on average outlive men, so the risk is lower. But these women felt that the men were receiving larger payouts. And the legislation was passed.

Why Funeral Insurance is So Important for Folks in Montana

Burial Insurance is a significant financial asset that allows you to liberate your family from the financial burdens of burial or cremation services when you pass. Funeral insurance is simply a small whole life insurance policy. Most people will choose anywhere from $5,000 to $25,000 in coverage.

Let’s be frank, burial and cremation costs are out of control in this country. Will your family have, let’s just say $7,000 to $12,000 dollars available when that time comes? Who knows? Your children might be paying your grandchildren’s college tuition. Your spouse could be an ill themselves or just struggling to make ends meet on a fixed income. Nobody can predict the family situation at the time they die because in most cases, we can’t predict our own death.

Here’s What You Don’t Want to Happen…

You don’t your loves one racking up huge amounts of high interest credit card debt in order to pay for the costs. You don’t want them fighting among each other over who pays what. And you don’t want them to resent you for putting them in this position.

Later in this article, we will share some state specific statistics regarding health in Montana and explain how to get first-rate, affordable burial insurance. You’ll learn how you can get a free quote for burial insurance in Montana and get you into a policy on day one with no two year waiting period (in most cases).  

The Average Cost of Burial and Cremation in Montana

According to last year’s funeral price survey, the average Montana burial costs  was $7,775. This is based on the most commonly selected items for a traditional funeral including a casket and vault. However, it does not include cemetery costs in Montana. A grave space, a grave marker, and opening/closing the grave can easily cost an additional $1,500 to $2,500 in Montana. This means that a typical traditional funeral and burial cost is likely at least $9,000.

Depending upon the quality of the casket, burial vault and other merchandise selected, a traditional funeral and burial cost could be less than $5,000 or exceed $10,000.

The average cost of a cremation in Montana is $2,250 according to the Cremation Association of North America. However, you are likely to find that cremation costs in Montana will differ between cremation providers and crematories.  The price of a cremation will also depend on whether you opt for a basic cremation or a full-service cremation.

Either way, it’s a lot of financial stress to impose on your loved ones who are under extreme emotion stress at this time.

Shopping for Funeral Insurance in Montana

There are a number of big, household name life / funeral insurance companies out there. You know the ones I’m referring to. Companies like State Farm Funeral Insurance,  AARP Funeral Insurance, Gerber Life Insurance, Colonial Penn Funeral Insurance, Globe Life Insurance and John Hancock Funeral Insurance.

Like we said, these are household names and, in some ways, may seem like the only options out there because you see and hear their names all over the place in terms of advertisements. What you might not know is that they are all captive agencies. You can shop among them, but once you decide to choose one of these agencies, you are limited only to the products they provide.

We are what’s known as an independent agency, like Insurance for Final Expense, the agent you will work with, guiding you in getting funeral insurance in Montana is in “independent agent”. So, what’s the difference? The difference is that we offer you a variety of excellent burial insurance plans from multiple carriers. Because we work with a large pool of top-notch funeral insurance providers, we are able to get you the best monthly rates and a plan that suits your individual needs.

What Makes Montana Such a Great Place to Live in or Visit?

From the Rocky Mountains to the expansive Great Plains, Montana’s 147,000 square miles of sprawling terrain is home to some of the most beautiful wildlife in the country. It’s also home to a number of unique cities and towns filled with friendly residents, affordable neighborhoods and plenty of jobs.

Overpriced Funeral Homes With Gary Cubeta

The 10 Best Reasons to Move in Montana

Montana Glacier National Park Vista

Moving.com put together a list of the 10 reasons why moving to Montana is a great idea:

  1. Montana’s natural beauty is unmatched: There’s a reason people travel from all over the world to visit Montana: it’s stunningly beautiful.
  2. Property taxes are exceptionally low: Hoping to buy a home? You’ll be happy to know that property taxes in Montana are lower than the national average
  3. There are plenty of wide open spaces: Need some space? You’ll find it in Montana. 
  4. Montana is full of interesting and vibrant cities to call home: From small, rural towns to large, vibrant cities, the State of Montana is chock full of gorgeous places to live.
  5. There’s so much to do outdoors: Residents of Montana will tell you that life in this state is one big adventure, thanks to the endless number of outdoor activities.
  6. The state is rich with history: First inhabited by Native Americans, the State of Montana has an especially rich and interesting history.
  7. Montana is home to several top-ranked colleges and universities: Looking to study in Big Sky Country? You’ll find plenty of educational opportunities throughout the state.
  8. The food is some of the most unique in the country: Montana offers some of the best and most unique culinary delights in the country.
  9. There are plenty of jobs: Want to move somewhere with a robust job market and a healthy economy? Look no further than Montana. 
  10. It’s one of the healthiest states in the country: Looking for a healthy and happy place to live? Montana residents enjoy an exceptionally healthy lifestyle. 

Montana Health Statistics

Image result for montana flag

Please continue on to learn some meaningful state specific health related statistics involving Montana. We will also go over getting the very best burial insurance coverage in Montana and explain how funeral insurance can help protect you and your family.

Leading Causes of Death in Montana

RankCause of DeathTotal Deaths
1Heart Disease2,164
3Chronic Lower Respiratory Disease 752
4Accidents 579
8Alzheimer’s Disease285
9Chronic Liver Disease/Cirrhosis195

(note: these statistics are taken from the CDC website and the data is for the year of 2017. Keep in mind that these numbers vary from state to state due to population and state rank across the U.S.)

Life Expectancy in Montana

The average life expectancy in Montana was 78.8 years (in 2018). Overall, Montana ranked #28 in average life expectancy across all U.S. states. That was an increase of 0.3 from 2010 when the average life expectancy was 78.5 years old.

Montana is just barely in the bottom ½  of U.S. states in terms of life expectancy. These statistics run very close, so don’t be alarmed. Some people think that this could have an impact on their policy rates and coverage, but it doesn’t.

With the exception of the unisex laws in place in Montana (same rates for men & women), you are treated exactly as all individuals who deserves the same excellent service we provide to the rest of the country.

The Funeral Insurance We Provide for Those in Montana

At Insurance for Final Expense, we work with multiple carriers affording the very best funeral insurance plans and options… We are able to do this for our clients because we’re are an independent burial insurance agency.  We trust that you should be the one in the driver’s seat when choosing what’s best for you and your loved ones. Getting burial insurance is a very personal decision.

We only work with only the very best insurers, like Mutual of Omaha Funeral Insurance,  Royal Neighbors Funeral Insurance, AIG, Great Western Insurance Company, Liberty Bankers Life, Sentinel Security Life and Prosperity Life Group along with others. Check out all of our burial insurance reviews on our website. It’s not your job to be a burial insurance policy genius to get the best coverage out there. We will be there to guide you through the entire process.

Getting the Best Funeral Insurance Policy in Montana

To find the best choice in funeral insurance in Montana, it is so very important that you work with an independent agency who represents a variety of funeral insurance companies. We hope you don’t, but if you go with one of the big-name advertisers like, Colonial Penn, State Farm, Gerber Life Insurance or John Hancock, you are bound to one funeral insurance product, whereas we are able to give you multiple affordable, excellent funeral insurance options. We hope that you do your shopping so you aren’t throwing your money away.

Our goal is to serve YOU, never to sell you. It is our objective to help you effectively see the entirety of your choices and never to drive you into a plan that doesn’t suit you. Our way of thinking is, consistently has been, and will remain, client first.

If you need help with guaranteed issue or final expense insurance, it would be our honor to assist you. Please call us at 1-800-400-8319. If you would rather that we call you, just fill out the quote form on this page and a licensed agent will be in touch with you promptly.