How Much Does a Million Dollar Life Insurance Policy Cost?

Shawn Plummer

CEO, The Annuity Expert

Wondering how much does a 1 Million Dollar Life Insurance policy costs? How about a $2 Million or $10 million life insurance policy? In this guide, you will be able to run customized life insurance quotes online and apply for a million dollars worth of coverage in just 5 minutes.

$1 Million Life Insurance Payout

Life Insurance TypeMonthly Cost
Term Life InsuranceFrom $14.62
Whole Life InsuranceFrom $348.25
Universal Life InsuranceFrom $182.00
Monthly cost based on a 20-year old female, non-tobacco in excellent shape.

$2 Million Life Insurance Payout

Life Insurance TypeMonthly Cost
Term Life InsuranceFrom $26.66
Whole Life InsuranceFrom $691.25
Universal Life InsuranceFrom $353.00

$5 Million Life Insurance Payout

Life Insurance TypeMonthly Cost
Term Life InsuranceFrom $61.28
Whole Life InsuranceFrom $1,720.25
Universal Life InsuranceFrom $864.00

$10 Million Life Insurance Payout

Life Insurance TypeMonthly Cost
Term Life InsuranceFrom $116.12
Whole Life InsuranceFrom $3,435.25
Universal Life InsuranceFrom $1,716.00

Million Dollar Life Insurance Quotes

Find The Best Life Insurance Coverage At The Cheapest Cost!

Compare life insurance quotes from 25 companies in seconds. Then, apply for coverage in less than 10 minutes.

Find Life Insurance Coverage with No Medical Exams

Apply for affordable life insurance with no medical exams. Then, apply for same-day coverage in less than 10 minutes.

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Shawn Plummer

CEO, The Annuity Expert

I’ve sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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