Life Insurance Quotes



$2,000,000 Whole Life Insurance Cost

$2,000,000 Whole Life InsuranceA $2,000,000 whole life insurance policy provides permanent insurance coverage that will last for your entire lifetime. This is an important feature for those who want long-term peace of mind. Whole life insurance provides a guaranteed death benefit, guaranteed cash values, and a guaranteed level premium. Another benefit of whole life insurance is dividends. Dividends are a way for the company to share its growth with the policyholders.

How Much Does A $2,000,000 Whole Life Insurance Policy Cost?

Here are some sample rates to give you a general idea of what you could pay. These rates are based on a non-smoker with a preferred health rating. Your rate may be higher or lower depending on your health, your smoking status, and which company you choose. These example rates show the rate for a level pay policy, where you pay the premiums for your entire life.

$2,000,000 Whole Life Insurance

Level Payment

30 Year Old Male

$13,500 / Year

30 Year Old Female

$11,600 / Year

40 Year Old Male

$20,920 / Year

40 Year Old Female

$17,840 / Year

50 Year Old Male

$32,200 / Year

50 Year Old Female

$26,900 / Year

60 Year Old Male

$51,100 / Year

60 Year Old Female

$42,180 / Year

Keep in mind that a whole life insurance policy costs more than a term policy, because it is permanent coverage that builds cash value. For comparison purposes, you can also view the rates for a $2,000,000 term life insurance policy. If you are unclear about which type of coverage is best for you, then read more about term life vs whole life.

What If I Have Health Issues?

If you have some minor health issues, such as high blood pressure or cholesterol, and it is controlled well with medication, then you should have no problem getting approved. If you have some more serious health problems such as a recent heart attack, cancer treatment, or diabetes, then you want to be sure that you carefully choose which company that you apply to. This is important because all carriers have different criteria and some companies will charge much more or even decline a policy based on certain health issues, while other companies may approve you with a more affordable rate. Depending on your age and the severity of your health issues, you may only be able to qualify for a guaranteed whole life insurance policy.

Compare Rates In Under A Minute

The first step is to shop around. Rates can vary by as much as 70% from one company to another so it definitely pays to compare multiple rates from several different carriers. Get a free no obligation quote today and compare multiple rates in under a minute.