How Much Is A Million Dollar Life Insurance Policy? 
The premium for life insurance depends on many factors including coverage period , health and lifestyle classification , product type , insurer and age at issue . Age is a big one - the older you are the higher the premium . For example , a male age 40 with `` preferred '' health rates can buy $ 1M of 10 year term life for the effectively about $ 2 per day . The coverage is only for 10 years , 