How Much Is A Million Dollar Life Insurance Policy?

  1. 4330 POINTS
    Jerry Vanderzanden, CLU, ChFC
    Co-Founder, Coastal Financial Partners Group, California
    The premium for life insurance depends on many factors including coverage period, health and lifestyle classification, product type, insurer and age at issue. Age is a big one - the older you are the higher the premium. For example, a male age 40 with "preferred" health rates can buy $1M of 10 year term life for the effectively about $2 per day. The coverage is only for 10 years,
    Answered on April 18, 2013
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