How Much Does 1 Million Dollar Life Insurance Cost?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaThe cost of one million dollars worth of life insurance depends on the length of coverage: term life insurance from 5-30 years or permanent life insurance to age 121. But it also depends on your gender, age, smoking status, health history, current medical condition and whether the coverage is one one life or two. A million dollars of 20 year term life insurance on a male non smoker age 62 is around $10,000 annually.Answered on September 5, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.To find out what 1 million of life insurance costs for you, you can go to the quote engines on a number of website and put in your gender, date of birth, height, weight, tobacco status, and health conditions (if allowed). If you choose one that offers instant quotes, you can adjust the term length to see what $1,000,000 of life insurance costs for different terms, and even change the variables so you can see what it costs for persons of different ages.Answered on September 5, 2013flag this answer
5877 POINTSview profileStan Cox IIInsurance Adviser - Broker, SC Insurance Services, Oahu, HawaiiAre you looking for Term or permanent insurance? What is your Gender? What is your age? How is your health? Do you use tobacco? What is your occupation? What are your avocations? Do you have a history of heart disease or cancer in your family? All this information has a bearing on what it will cost to insure a person. Yes the amount of coverage is also an important factor and the insurer will also be a factor as all insurance companies do not have the exact same rates for the same coverage.Answered on October 22, 2015flag this answer
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