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When buying life insurance, gender has always played a role in determining your life insurance rates. And, on average, women have always paid less than men—except for in the state of Montana. Read on to find how how Montanan women can save money on life insurance.

In This Article

Tips for Women in Montana Who Own Life Insurance
Tips for Women in Montana Who Don’t Own Life Insurance
Why Do Women Pay Less for Life Insurance?
Life Insurance Rates for Women in Montana
Why Women Need Life Insurance

In 1985, Montana implemented a unisex law that prevented insurance companies from underwriting policies based on an applicant’s gender. This unisex law meant women were paying more for life insurance in the state of Montana versus in any other state.

Montana has finally repealed the unisex law. This means life insurance rates for women in Montana are now lower.

» Compare: Term life insurance quotes for Montanan women

Tips for Montanan Women Who Own Life Insurance

Women of Montana who already own a life insurance policy, do yourself a favor and run a new term life insurance quote. You could potentially save yourself hundreds of dollars every year by reapplying for a new policy.

Don’t cancel your current policy until you get a new one inforce. You just never know what may happen during the approval process and you don’t want to risk having no life insurance at all.

Quotacy can help you determine if you can save money on life insurance rates in Montana. Run a quote to start the process or give us a call.

You can get free term life insurance quotes instantly online. You can also apply online to find out what your final price will be and then accept it or walk away. There is no obligation to buy the policy if you change your mind or find out you won’t be saving money.

Tips for Montanan Women Who Don’t Yet Own Life Insurance

If you’ve been hesitant on buying life insurance, now is the time. Montana has finally repealed their unisex laws after 37 years.

If you have two people similar in all aspects of life, except for their gender, the woman will pay less for the exact same life insurance policy a man purchases.

See what you’d pay for life insurance

Comparison shop prices on custom coverage amounts from the nation’s top carriers with Quotacy.

Why do insurance companies offer cheaper life insurance to women?

Women, on average, pay less for life insurance than men because of a few statistical reasons*:

  • Women go to the doctor more often than men and, therefore, catch medical issues sooner. They start treatments earlier and are then healthier overall.
  • Women take fewer risks than men. Insurance companies favor applicants who are less risk-pone and, therefore, offer better rates to women.
  • Women have a longer life expectancy than men.

*These reasons are based on statistics and averages. They are not stereotypes and do not apply for all individuals in every situation.

For the last 30 plus years, women in Montana have been missing out on these life insurance savings. With the new life insurance rates for women in Montana, women can potentially put more money back in their pockets.

What are the new life insurance rates for women in Montana?

Life insurance rates are determined based on an individual’s risk factors. Gender is one of many risk factors an insurance company evaluates.

Take a look at the table below for an example of what women in Montana were paying, and what their new rate could be.

Why Women Need Life Insurance

It doesn’t matter if you work outside of the home or work as stay-at-home mom. Women need life insurance.

» Learn more: The Best Life Insurance for Women

Life insurance provides much-needed funds to your family if you were to die unexpectedly. No one wants to think about this, but, unfortunately, it does happen. For proof, just look at GoFundMe.com.

When families lose their beloved wife/partner/mother/daughter unexpectedly, there is emotional pain. Without necessary savings and life insurance, there is also financial struggle. Don’t let this happen to your loved ones.

Term life insurance is affordable and can be customized to fit into most family budgets. Money needed to pay for expenses such as a funeral, childcare, bills, groceries, college tuition, and retirement savings can be replaced by the death benefit from a life insurance policy.

Women are grossly underinsured compared to men and there is no reason for this. The income you provide is just as essential to a family as the income men provide.

» Learn more: The Financial Concerns of Women

Women pay less for life insurance than men all across the United States—and now even in Montana. Let’s take advantage of this.

Get term life insurance quotes instantly. And by “instantly” I mean immediately.

There’s no contact information requirement from us. There’s no having to provide an email or phone number in order to see quotes.

Simply enter your basic information (gender, zip code, birthday, and smoking status) and see real-time quotes in seconds.

When you’re ready to apply, the online application takes only a few minutes to complete. After submission, your dedicated Quotacy agent keeps you updated every step of the way.

Note: Life insurance quotes used in this article accurate as of January 28, 2022. These are only estimates and your life insurance costs may be higher or lower.

About the writer

Headshot of Natasha Cornelius, a life insurance writer, for Quotacy, Inc.

Natasha Cornelius, CLU

Senior Editor and Licensed Life Insurance Expert

Natasha Cornelius, CLU, is a writer, editor, and life insurance researcher for Quotacy.com where her goal is to make life insurance more transparent and easier to understand. She has been in the life insurance industry since 2010 and has been writing about life insurance since 2014. Natasha earned her Chartered Life Underwriter designation in 2022. She is also co-host of Quotacy’s YouTube series. Connect with her on LinkedIn.