Best Rates On A 2 Million Dollar Life Insurance Policy

$2 million life insurance policy cost

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.

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.

CompanyAmount10-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
$2 million 10-year term life insurance rate chart

*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.

CompanyAmount15-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
$2 million 15-year term life insurance rate chart

*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.

CompanyAmount20-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
$2 million 20-year term life insurance rate chart

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.

CompanyAmount30-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
$2 million 30-year term life insurance rate chart

*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.

CompanyAmountPermanent 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
$2 million whole life insurance rate chart

*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

How much does a $2 million life insurance policy cost?

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.

Is it possible to get a $2 million life insurance policy without a medical exam?

Yes, if you meet the requirements you may be eligible to obtain a $2 million policy without the exam.

How do I know if the life insurance company is good?

We only recommend to our clients life insurance companies that have an ‘Excellent’ or ‘Superior’ rating from A.M. Best.

How to get a 2 million life insurance policy?

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.

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