How Much Does A One Million Dollar Life Insurance Policy Cost? 
The cost of $ 1,000,000 of life insurance will vary widely , and depend on such factors as your age , gender , health , and other risk factors . It will also depend on how long you lock in the premium for your policy . E.g. . If you buy $ 1,000,000 of 10 year term insurance , the premium will be much lower than if you purchase $ 1,000,000 of 30 year insurance . However , then you may need to purchase a new policy in 10 years , at your older age and possibly worse health . So it may be more cost effective to lock it in longer when you make your first purchase . To see what a $ 1,000,000 policy might cost for you , visit a website that offers instant quotes . Some , like ours , will even let you put in some health factors . You can change the term , age , etc to see what $ 1,000,000 would cost for all types of people and policies . 