Need Montana Life Insurance Quotes?

Purchasing life insurance in Montana is an important matter and as such, it deserves significant thought and consideration. Several factors may affect your decision regarding the type and amount of life insurance that you choose to purchase. Regulations regarding life insurance vary from one state to the next. Be sure to consider the following facts, when considering the purchase of Montana life insurance.

Insolvency coverage is limited to $300,000 in life insurance death benefits but not more than $100,000 in net cash values in the event that your insurance provider is unable to fulfill your policy.

In terms of debt collection regarding assets, a group life insurance policy or the proceeds are exempt. Life insurance proceeds are also exempt if the clause prohibits the proceeds being used to pay the beneficiary's creditor(s). An unmatured life insurance contract, up to $4,000, is exempt.

Montana once had a layered inheritance tax system that worked in conjunction with the estate tax, but it was eliminated beginning in 2001.

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