In Montana, you get at least 10 days to return a new life policy for a refund, a 30 day grace period if you miss a payment, and up to $300,000 of protection if your insurance company fails.
Your rights in Montana
- Free look
- 10 daysReturn a new policy for a full refund.
- Grace period
- 30 daysCoverage stays on while you catch up.
- Safety net
- $300,000Death benefit protection. Cash value: $100,000.
- State help line
- 800-332-6148Montana Commissioner of Securities and Insurance, Office of the State Auditor
10 days after delivery for an individual life policy, or longer if the policy says so, with the premium refunded (MCA 33-15-415). 30 days if the policy replaces an existing one (ARM 6.6.306).
30 days, or at the insurer's choice one month of at least 30 days (MCA 33-20-104).
- If a new policy replaces one you already have, Montana gives you 30 days to return it (ARM 6.6.306).
- If you die during the grace period, the policy is still in force. The insurer can take the unpaid premium out of the payout (MCA 33-20-104).
- Funeral insurance sold in Montana is life insurance and must say so on the policy and in its sales material (MCA 33-20-1501).
Who lives in Montana
About 1.1 million people live in Montana. We help people in Billings, Missoula, Great Falls and the towns in between.
Census QuickFacts, American Community Survey 2020 to 2024. The 65 and over share is a Census population estimate for July 1, 2025.
What people in Montana look for
With 69.2% of homes owned and a median value of $375,800, a lot of families want the house covered. More on mortgage protection
22.2% of people here are 65 or older. A small policy keeps funeral costs off your family. More on final expense
The lowest price for the most coverage while the kids are young. More on term life
79,357 veterans live in Montana. See what goes beyond VGLI. More on veterans
Common questions in Montana
What is the free look period for life insurance in Montana?
Montana gives you at least 10 days to review a new individual life policy and return it for a refund. 10 days after delivery for an individual life policy, or longer if the policy says so, with the premium refunded (MCA 33-15-415). 30 days if the policy replaces an existing one (ARM 6.6.306).
Source: Montana free look law
What happens if I miss a payment in Montana?
Montana law gives at least a 30 day grace period. 30 days, or at the insurer's choice one month of at least 30 days (MCA 33-20-104).
Source: Montana grace period law
What if my life insurance company goes out of business in Montana?
The Montana Life & Health Insurance Guaranty Association steps in. It protects up to $300,000 in death benefits and $100,000 in cash value, per insured person, as of June 2025.
Source: Montana Life & Health Insurance Guaranty Association · NOLHGA: how you are protected
Who regulates life insurance in Montana?
The Montana Commissioner of Securities and Insurance, Office of the State Auditor. You can call its consumer help line at 800-332-6148 or visit csimt.gov to check an agent's license or file a complaint.
Source: Montana Commissioner of Securities and Insurance, Office of the State Auditor
Can I get a life insurance quote online in Montana?
Yes. Coverfolk works with licensed agents in Montana. Answer a few questions, confirm your phone with a text code, and an agent shows you real prices. It is free.
Source: Montana Commissioner of Securities and Insurance, Office of the State Auditor
Are you a licensed agent? Buy Montana insurance leads on Dial Haul.
Sources
- Census ACS 2020-2024 5-year profiles, Montana (data.census.gov)
- NOLHGA: How You're Protected (coverage as of June 1, 2025)
- NOLHGA: Contact My Guaranty Association
- NAIC Model Law Chart LI-30, Life Insurance Disclosure (Fall 2023)
- MCA 33-15-415 (right to return policy)
- MCA 33-20-104 (grace period)
- CSI: insurance complaints and phone
- Montana Commissioner of Securities and Insurance, Office of the State Auditor
- Montana Life & Health Insurance Guaranty Association
This is a plain summary of state rules, not legal advice. Your policy and the law control. Call the Montana Commissioner of Securities and Insurance, Office of the State Auditor if you have a problem with a company or agent.
