1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The premium for a million dollar policy will depend on your age, gender, tobacco status, health, build, and certain risk factors. It also depends on how long the premium is locked in. E.g. The cost for a permanent policy would be more than for a term policy, because the premium is locked in for life.

    You can use a quote engine offering "instant" quotes to input some different variables to see what a million dollar policy could cost for you or others. Please converse with an agent by phone, email, or in person before purchasing your policy. Getting with the right company is important with a policy this large, because there is a lot to be saved when you get the lowest premium.
    Answered on October 6, 2014
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