How Much Does A 2 Million Life Insurance Policy Cost? 
The premium for a $ 2,000,000 ten year Term life policy would most likely cost far less than buying 20 ten year Term policies of $ 100,000 . There is generally a lower cost per thousand at higher `` bands '' of face amounts . Health factors , age , tobacco use and sex all weigh in heavily on the cost , as does the type of product and for how long the premium is locked in . 