Montana Insurance
Montana State Auditor's office is the regulating authority in Montana State for all rules and regulations in the Montana state related to insurance. It also helps people to find the insurance agents in the state who are legal and licensed from the state. Also if you have any problem related to insurance then you can contact the authority at any time to resolve the issues. You can complain the insurance company or agent if they are not providing the right service to the customers.
EBSA (Employees Benefits Security Administration) regulates the insurance which is provided through the job. Employers have to provide insurance to all the employees and if there are more than 20 people in the company then you should be provided by the COBRA coverage at the time of leave from the job.
There are various insurance companies and agencies in Montana State, which have a large number of insurance policies of various types. The rates of the policies also vary from one insurer to other depending upon the type of the insurance policies, liabilities and other coverage included in that policy. So, if a person wants to purchase any type of insurance policy then he should search the company and policy which is according to his needs and financial conditions and best suits him and his family.
Health Insurance: All the students in the Montana State University are required to purchase health insurance policies who are H-1 or J-1 visa holders. Otherwise the insurance charges will be included in the fee for the study in the university. Insurance is also necessity for the students because the medical treatment is very expensive in the country. So, every one in USA should purchase a health policy for himself and the rest members of the family.
Automobile insurance: In USA, if a person purchases a car then he ahs to purchase automobile insurance also because the license to the drivers are given only after they show the automobile insurance policy to them. Young drivers are considered to be more risky because they are inexperienced so they are charged more for the automobile insurance. You must go to different insurance agents and companies before purchasing an insurance policy so that you can compare them with each other and can select the best policy for you.
Life insurance: Life insurance provides the financial protection to the family and the loved ones after you. As far as the responsibilities of the person increases and his family grows the requirement of the life insurance policy also increases. You will have to decide the amount of life insurance policy which depends on the requirements of the dependents of you. There are two types of life insurance policies:
a.) Whole life or permanent life insurance
b.) Term or period life insurance policy
Whole life insurance: It provides the financial benefit to the ensured person's beneficiaries after his death. It also provides life time protection to the person having whole life insurance policy.
Term life insurance: It provides the insurance to a specific period of time. It depends on the person that which type of life insurance policy he chooses. For example, if a person has small children then he can purchase a short period insurance policy until his children are grown mature. Some insurance companies provide the facility to convert the term life insurance to whole life insurance.
