How Much Will A Million Dollar Life Insurance Policy Cost? 
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 . 