How Much For A Million Dollar Life Insurance Policy? 
LIfe Insurance for that amount will typically be based upon factors such as health -LRB- past and current -RRB- , 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 . 