How Much For A Million Dollar Life Insurance Policy?
7647 POINTSview profileMark Bartlett CLCSBranch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance CarriersThe premium for a $1,000,000 life policy will be determined by age, health, type of policy and/or length of time you are looking for coverage. This is a consultative process and should be discussed with your local independent agent who can look at options from many different insurance carriers who offer Life Insurance coverage.Answered on May 8, 2013flag this answer
1492 POINTSview profileJeff DavisInsurance Advisor, Lordship Insurance Services, CaliforniaLIfe Insurance for that amount will typically be based upon factors such as health (past and current), age, tobacco usage, purpose for the insurance, current insurance policies in place, medical exam. The insurer will want to know why the proposed insured is requesting the insurance and who will be the beneficiaries benefiting from the policy. Many employer use million dollar policies to cover key employees as well.Answered on May 9, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.You can go to a website like ours, that offers instant life insurance quotes, to get an idea of what the premium would be for a million dollar life insurance policy. You can put in health details as well as different term lengths to determine what the cost would be for different scenarios.Answered on November 17, 2014flag this answer
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