Best Rates On A 2 Million Dollar Life Insurance Policy
Posted in Life Insurance Face Amount last updated on March 14, 2022
Are you looking for the best rates for a two million dollar life insurance policy?
Great, then you came to the right place.
Below, I will show you which life insurance companies have the best life insurance rates in the country for a $2 million term life and whole life insurance policy.
Table of contents
Best Rates for A $2 Million Life Insurance Policy By Term
10-Year Term
Let’s table a look at the table below to see which life insurance companies offer the best monthly rates for a $2 million life insurance policy for a 10-year term.
| Company | Amount | 10-Year Term |
|---|---|---|
| Lincoln Financial | $2 million term life policy | $47 |
| Symetra Life | $2 million term life policy | $48 |
| Pacific Life | $2 million term life policy | $49 |
| American General | $2 million term life policy | $49 |
| Transamerica | $2 million term life policy | $52 |
| Protective Life | $2 million term life policy | $53 |
| MassMutual | $2 million term life policy | $55 |
| Guardian Life | $2 million term life policy | $58 |
| New York Life | $2 million term life policy | $78 |
| AAA Life | $2 million term life policy | $79 |
| Primerica | $2 million term life policy | $96 |
| Northwestern Mutual | $2 million term life policy | $110 |
*Monthly rates are for a 40 year old male, D.O.B. 3/1/1982 in excellent health.
15-Year Term
The table below shows the best rates monthly for a $2 million life insurance policy for a 15-year term.
| Company | Amount | 15-Year Term |
|---|---|---|
| Lincoln Financial | $2 million term life policy | $61 |
| Protective Life | $2 million term life policy | $62 |
| Pacific Life | $2 million term life policy | $63 |
| Symetra Life | $2 million term life policy | $63 |
| AIG (American General) | $2 million term life policy | $67 |
| Transamerica | $2 million term life policy | $71 |
| North American | $2 million term life policy | $74 |
| MassMutual | $2 million term life policy | $79 |
| AAA Life Insurance | $2 million term life policy | $90 |
| New York Life | $2 million term life policy | $116 |
| Primerica | $2 million term life policy | $142 |
*Monthly rates are for a 40 year old male, D.O.B. 3/1/1982 in excellent health.
20-Year Term
The table below shows the best monthly rates for a $2 million life insurance policy for a 20-year level term.
| Company | Amount | 20-Year Term |
|---|---|---|
| Lincoln Financial | $2 million term life policy | $91 |
| Protective Life | $2 million term life policy | $92 |
| American General (AIG) | $2 million term life policy | $93 |
| Pacific Life | $2 million term life policy | $94 |
| Symetra Life | $2 million term life policy | $97 |
| Banner Life | $2 million term life policy | $100 |
| Banner Life | $2 million term life policy | $100 |
| Transamerica | $2 million term life policy | $114 |
| Ethos Life | $2 million term life policy | $114 |
| AAA Life Insurance | $2 million term life policy | $121 |
| MassMutual | $2 million term life policy | $122 |
| Northwestern Mutual | $2 million term life policy | $131 |
| New York Life | $2 million term life policy | $152 |
| Primerica | $2 million term life policy | $159 |
Monthly rates are for a 40 year old male, D.O.B. 6/1/1981 in excellent health.
30-Year Term
The table below shows the best monthly rates for a two-million dollar life insurance policy for a 30-year level term.
| Company | Amount | 30-Year Term |
|---|---|---|
| Lincoln Financial | $2 million term life policy | $181 |
| Protective Life | $2 million term life policy | $181 |
| Pacific Life | $2 million term life policy | $182 |
| Banner Life | $2 million term life policy | $182 |
| American General Life | $2 million term life policy | $182 |
| Symetra Life | $2 million term life policy | $184 |
| Savings Bank Life | $2 million term life policy | $199 |
| North American | $2 million term life policy | $199 |
| AAA Life Insurance | $2 million term life policy | $234 |
| MassMutual | $2 million term life policy | $220 |
| Guardian Life | $2 million term life policy | $242 |
*Monthly rates are for a 40 year old male, D.O.B. 3/1/1982 in excellent health.
2 Million Dollar Whole Life Insurance Rates
The chart below shows the rates for a $2 million no-lapse guarantee universal life insurance policy.
| Company | Amount | Permanent Life Insurance |
|---|---|---|
| Pacific Life | $2 million policy | $998 month |
| Protective Life | $2 million policy | $1,000 month |
| Penn Mutual | $2 million policy | $1,037 month |
| Nationwide | $2 million policy | $1,120 month |
| Midland National | $2 million policy | $1,185 month |
| American General Life | $2 million policy | $1,550 month |
| Lincoln Financial | $2 million policy | $1,748 month |
*Monthly rates for a 40 year old male, in excellent health. D.O.B. 3/1/1982. Product is for a GUL to age 121.
$2 Million No Exam Life Insurance Policy
Did you know it may be possible to get a $2 million life insurance policy without the medical exam? Below are the requirements from a highly rated and well-known life insurance company that offers up to two million dollars in coverage without the paramed.
Eligibility for a $2 million no medical exam life insurance:
- 18-60 Years Old
- In good health (there is a checklist of medical conditions)
- Routine medical care in the past three years
- No history of being declined or rate for life insurance
Bottom Line
As you can see in the tables above, the rates for a 2 million dollar life insurance policy are very affordable if you choose the right company.
Since life insurance rates are determined by several factors such as: age, health, height and weight, gender and tobacco use, it’s important to compare rates from several life insurance companies in order to secure the best rates in the country.
FAQ
The rates for a $2 million life insurance policy range from $43 month for term insurance and up to $998 month for whole life insurance.
Yes, if you meet the requirements you may be eligible to obtain a $2 million policy without the exam.
We only recommend to our clients life insurance companies that have an ‘Excellent’ or ‘Superior’ rating from A.M. Best.
The steps to get a 2 million life insurance policy are simple. 1. Compare rates from multiple life insurance companies and choose the best rate. 2. Complete the application and paramed exam, if needed. 3. Wait for underwriting to be completed. 4. Once approved, esign to activate the policy.
