How Much Does A One Million Dollar Life Insurance Policy Cost? 
Video Transcript : How much is $ 1 million life insurance policy ? Are we using term life insurance or are we using permanent life insurance ? That 's going to dictate how long the coverage is going to need . Am I a male or a female ? Am I a smoker or a nonsmoker ? What 's my medical history like ? What is the para-med exam result that I have to take for the application ? I need to incorporate all those issues into what the price tag 's going to be for $ 1 million coverage , as well as , think about this ; you 're going to have to also add on , do you have a hazardous vocation ? That could be another additional price tag on top of your premium . If you have recreational issues , like I like to scuba dive or mountain climb , those also are incorporated into your price tag . If you 're looking for $ 1 million of coverage and you can answer all of those questions , you can come up with whose got the most competitive price tag throughout the life insurance carrier market . 