How Much Does It Cost For A Million Dollar Life Insurance Policy?

  1. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question, and one that I'd love to give you an answer to, but there is a lot more information that an agent would need to know to give you a realistic quote. Term or whole life? How is your health? Your age and gender make a big difference in the price, as does your smoking preference. Do you have existing insurance coverage? If so, what percentage of your annual income does it cover? All of these things play a part in what (if any) coverage you might be able to get, and the cost of the policy. If you'd like to inbox me your specifics, I can give you a better idea. Thanks for asking!
    Answered on December 2, 2014
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    You can go to a website that offers instant life insurance quotes to see what a million dollar term life insurance policy might cost for you. Some (like ours) will even allow you to put in some health information to get a more accurate quote, although your quote will never be optimally accurate until you have conversed with an agent. That last step of covering your health details completely can save you hundreds or thousands of dollars on a million dollar life insurance policy. And that way your agent can guide you to getting the most cost effect policy for your needs in the long run.
    Answered on December 3, 2014
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