The cost of one million dollars worth of life insurance protection depends on the length of coverage which may be for a term of 5, 10, 15, 20, 25 or 30 years.

Term life insurance offers from 5-30 years of coverage and permanent life insurance provides coverage up to age 121.

However, the cost of your million dollar life insurance policy will also depend on your gender, age, smoking status, health history, family health history, current medical condition, your height-to-weight ratio, driving record, and other personal risk factors.

A million dollars of 20 year term life insurance coverage on a male non-smoker age 60 is around $10,000 annually. 

To find out what 1 million of life insurance costs for you, you can go to one of the life insurance quote engines on a number of websites and put in your gender, date of birth, height, weight, tobacco status, and health conditions (if allowed).

If you choose one that offers instant life insurance quotes, you can adjust the term length to see what $1,000,000 of life insurance costs for different terms (5-30 years), and even change the variables so you can see what it costs for persons of different ages.

Here’s how you can request and compare instant life insurance rate quotes online to find the five lowest rates from over 70 leading life insurance carriers.