Montana State Life Insurance Exam 2025 – 400 Free Practice Questions to Pass the Exam

The Accidental Death Benefit provision is not required in Montana's group life insurance policies. Unlike the other provisions mentioned, which are typically mandated to ensure that policyholders are given certain rights and protections, the Accidental Death Benefit is considered an optional feature.

The grace period is a standard provision that allows policyholders a specific time frame to pay their premiums after the due date without losing coverage. The incontestability clause is also an essential part of providing security to policyholders by preventing insurers from contesting claims after a certain period, usually due to misstatements in the application. The insurability requirement ensures that all individuals covered under the group policy meet certain underwriting criteria for coverage.

In contrast, the Accidental Death Benefit is an additional option that insurers may offer but is not a necessity for compliance with Montana insurance regulations. Its absence does not compromise the fundamental protections that group life insurance policies are expected to provide.