2 Million Dollar Life Insurance Policy
last updated on April 3, 2024Are 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 |
|---|---|---|
| American General | $2 million term life policy | $46.90 |
| Symetra Life | $2 million term life policy | $47.23 |
| Pacific Life | $2 million term life policy | $47.50 |
| Transamerica | $2 million term life policy | $50.15 |
| Nationwide | $2 million term life policy | $50.31 |
| Protective Life | $2 million term life policy | $53.00 |
| Penn Mutual | $2 million term life policy | $54.66 |
| MassMutual | $2 million term life policy | $55.25 |
| Prudential | $2 million term life policy | $61.69 |
| Lincoln Financial | $2 million term life policy | $62.16 |
| Mutual of Omaha | $2 million term life policy | $69.02 |
| AAA Life | $2 million term life policy | $69.70 |
| Primerica | $2 million term life policy | $96.43 |
| Northwestern Mutual | $2 million term life policy | $110.03 |
*Monthly rates are for a 40 year old male, D.O.B. 3/1/1984 in excellent health. Rates current 3/15/2024.
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 |
|---|---|---|
| Symetra Life | $2 million term life policy | $61.78 |
| Corebrige Financial (AIG) | $2 million term life policy | $62.04 |
| Pacific Life | $2 million term life policy | $62.25 |
| Protective Life | $2 million term life policy | $62.34 |
| Transamerica | $2 million term life policy | $63.75 |
| Lincoln National | $2 million term life policy | $70.52 |
| Penn Mutual | $2 million term life policy | $71.64 |
| MassMutual | $2 million term life policy | $72.65 |
| North American | $2 million term life policy | $74.36 |
| Banner Life | $2 million term life policy | $77.56 |
| AAA Life Insurance | $2 million term life policy | $88.70 |
| Prudential | $2 million term life policy | $94.94 |
| Mutual of Omaha | $2 million term life policy | $96.54 |
| Ethos Life | $2 million term life policy | $96.06 |
| John Hancock | $2 million term life policy | $119.89 |
| Primerica | $2 million term life policy | $142.03 |
*Monthly rates are for a 40 year old male, D.O.B. 3/1/1984 in excellent health. Rates current 3/15/2024.
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 |
|---|---|---|
| Symetra Life | $2 million term life policy | $91.99 |
| Protective Life | $2 million term life policy | $92.00 |
| American General (AIG) | $2 million term life policy | $91.53 |
| Pacific Life | $2 million term life policy | $92.90 |
| Transamerica | $2 million term life policy | $96.05 |
| Banner Life | $2 million term life policy | $100.01 |
| Penn Mutual | $2 million term life policy | $100.19 |
| Nationwide Life | $2 million term life policy | $104.56 |
| SBLI | $2 million term life policy | $105.66 |
| Lincoln National | $2 million term life policy | $108.97 |
| Ethos Life | $2 million term life policy | $114.92 |
| AAA Life Insurance | $2 million term life policy | $120.38 |
| Pruco Life | $2 million term life policy | $122.94 |
| Northwestern Mutual | $2 million term life policy | $131.95 |
| MassMutual | $2 million term life policy | $133.55 |
| Primerica | $2 million term life policy | $159.13 |
*Monthly rates are for a 40 year old male, D.O.B. 3/1/1984 in excellent health. Rates current 3/15/2024.
25-Year Term
The table below shows the best monthly rates for a $2 million life insurance policy for a 25-year level term.
| Company | Amount | 25-Year Term |
|---|---|---|
| Banner Life | $2 million term life policy | $146.52 |
| Protective Life | $2 million term life policy | $147.24 |
| American General (AIG) | $2 million term life policy | $146.16 |
| Pacific Life | $2 million term life policy | $147.62 |
| Transamerica | $2 million term life policy | $152.15 |
| SBLI | $2 million term life policy | $158.68 |
| Cincinnati Life | $2 million term life policy | $160.13 |
| MassMutual | $2 million term life policy | $164.87 |
*Monthly rates are for a 40 year old male, D.O.B. 3/1/1984 in excellent health. Rates current 3/15/2024.
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 |
|---|---|---|
| Banner Life | $2 million term life policy | $173.86 |
| Symetra Life | $2 million term life policy | $174.57 |
| Protective Life | $2 million term life policy | $177.38 |
| American General (AIG) | $2 million term life policy | $176.42 |
| Pacific Life | $2 million term life policy | $177.85 |
| SBLI | $2 million term life policy | $177.90 |
| Penn Mutual | $2 million term life policy | $180.26 |
| Transamerica | $2 million term life policy | $196.35 |
| Nationwide Life | $2 million term life policy | $199.06 |
| Cincinnati Life | $2 million term life policy | $202.38 |
| Pruco Life | $2 million term life policy | $210.44 |
| AAA Life Insurance | $2 million term life policy | $212.26 |
| Ethos Life | $2 million term life policy | $224.95 |
| MassMutual | $2 million term life policy | $213.59 |
*Monthly rates are for a 40 year old male, D.O.B. 3/1/1984 in excellent health. Rates current 3/15/2024.
18 Top $2 Million Term Life Insurance Companies & Rates 2024
Below is a spreadsheet in a pdf of the top 18 term life insurance companies in America and their rates for a $2,000,000 term life insurance policy with a fixed rate for 20 years. Rates are for a 40-year old female at the best health class for 2024. Companies included are: Protective Life, Symetra Life, Corebridge Fincanical, Pacific Life, Transamerica Life, Banner Life, Lincoln Financial, Securian Financial, North American, Nationwide, Cincinnati Life, SBLI, MassMutual, Prudential, Mutual of Omaha, Columbus Life, Assurity Life and John Hancock.
2 Million Dollar Whole Life Insurance Rates
The chart below shows the rates for a $2 million permanent life insurance policy.
| Company | Amount | Permanent Life Insurance |
|---|---|---|
| Protective Life | $2 million policy | $956.00 month |
| Nationwide Life | $2 million policy | $1,032.00 month |
| Penn Mutual | $2 million policy | $1,037.70 month |
| Pacific Life | $2 million policy | $1,087.48 month |
| American National | $2 million policy | $1,231.44 month |
| American General Life | $2 million policy | $1,550.84 month |
*Monthly rates are for a 40 year old male, D.O.B. 3/1/1984 in excellent health. Product is for a no-lapse guarantee universal life policy (GUL)to age 121. Rates current 3/15/2024.
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.
