Tell us what matters today.
We talk about your family, your commitments and the goals you want to protect. We also discuss the questions that have kept you from making a decision.
Life insurance and retirement planningYOUR LIFE DESERVES
YOUR LIFE DESERVES
A FUTURE WELL PLANNED.
PARTNERS FOR LIFEProtection for your life.
Protection for your life.
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Life insurance, retirement planning and guidance in your language. Understand your options and make decisions with the people who matter most in mind.
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Over 30 yearsof insurance experience
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PROTECTION WITH PURPOSEWhat matters to you changes.
What matters to you changes.
Your protection can change, too.
Starting a family, approaching retirement or reviewing a policy: every stage brings different questions. We help you put them in perspective.
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Close to you.
Part of your future.
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HOW OUR SUPPORT BEGINSFrom your questions
From your questions
to your next step.
A clear process so you know what to expect from our first conversation.
Understand your options with us.
We explain coverage, costs and conditions in plain language, so you can compare and ask questions with confidence.
Work out what comes next.
We help you identify your next step based on your needs and the available options. With the information in front of you, the decision is yours.
How we support youAn honest conversation.
An honest conversation.
Personal support.
Before discussing a policy, we want to talk about you: the people who depend on you, your commitments and your hopes for the future. We explain your options at your pace, with support in Spanish, so you understand both the benefits and the conditions.
Free resourcesMore knowledge.
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Ideas for your futureYour real life.
Your real life.
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You do not need
all the answers.
Just a starting point. Tell us what concerns you, what you want to protect and what you hope to build.
Our servicesClear options.
Clear options.
Confident decisions.
Your situation, priorities and goals are our starting point.
Where should I start?
I want to protect my family financially
We can discuss your needs and explain your life insurance options. Coverage and availability depend on each policy and the insurer’s evaluation.
I want to prepare for retirement
We will review your goals and explain how annuities work, including their terms, costs and limitations.
I have a policy and need guidance
Tell us your questions so we can arrange a review with our team.
Partners for LifeA relationship that continues
A relationship that continues
after you choose your policy.
We are an independent insurance agency. We support you with information, resources and guidance.
By your side, step by step.
With over 30 years of insurance experience, we put conversation and understanding at the center of our work.
We serve California, Texas, Arizona and Nevada, with an office in Riverside, California.
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Articles organized around the topics that matter to you.
Free resource libraryYour future, explained
Your future, explained
in plain language.
Two guides to help you start understanding life insurance and annuities.
Free guide
Life insurance 101
A starting point to help you bring better questions to your next conversation.
Understand the essentials.
An introduction to the basics, the options and the questions you can discuss with your advisor.
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Let’s talk about what
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Call Partners for Life
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3359 Chicago Ave, Suite A
Riverside, CA 92507
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How Much Does a Policy with $1 Million in Coverage Cost?
A term life insurance policy worth $1 million provides substantial coverage for insured individuals who want to ensure their family's financial security after their death. Generally, these policies start at an average of $40 per month and play a fundamental role in an estate-planning strategy.
The greater the coverage, the higher a policy's premium. Before purchasing any life insurance policy that fits your finances, it is advisable to compare different quotes for $1 million in life insurance and explore various term policy options.
Rates for term life insurance policies with a $1 million benefit
| Term Length | Male | Female |
| 10-year term | $26 | $22 |
| 15-year term | $29 | $27 |
| 20-year term | $40 | $29 |
| 30-year term | $65 | $49 |
As you can see, a life insurance policy costs less for young adults than for older adults, so buying a policy a few years earlier is advisable.
Factors Affecting Your $1 Million Life Insurance Rates
Companies consider several factors when setting rates for $1 million life insurance policies to assess the risk of insuring you. Below are common factors companies consider:
- Age: Younger people have a lower mortality risk and pay lower rates for million-dollar life insurance policies.
- Lifestyle choices: Smoking, drinking alcohol excessively, or participating in high-risk activities such as skydiving can lead to higher rates. However, finding inexpensive life insurance for smokers is not impossible.
- Gender: Women have a longer life expectancy than men, so they pay lower average rates for $1 million in life insurance.
- Term length: The longer your policy's term, the more you will pay for coverage.
- Health: Health problems or preexisting conditions can affect rates, and some companies may deny coverage, since many require medical exams. These individuals may consider a no-medical-exam life insurance policy, a type of guaranteed issue life insurance, although rates will be higher.
Consider the factors you can control, such as lifestyle and coverage choices, and compare quotes from several companies to find a $1 million life insurance policy at affordable rates.
The following table shows 10-year, $1 million life insurance rates by age and gender.
Policy with $1 Million in Coverage and a 10-Year Term
| Age | Male | Female |
| 30 | $26 | $22 |
| 35 | $26 | $23 |
| 40 | $35 | $28 |
| 45 | $53 | $43 |
| 50 | $81 | $63 |
| 55 | $136 | $102 |
| 60 | $223 | $150 |
Although $1 million may seem like a large amount of coverage, many people can benefit from it, and finding an affordable policy is not impossible.
See the following tables to understand how a higher or lower coverage amount affects your rates.
Policy with $1 Million in Coverage and a 20-Year Term
| Age | Male | Female |
| 30 | $40 | $29 |
| 35 | $43 | $34 |
| 40 | $60 | $48 |
| 45 | $96 | $71 |
| 50 | $145 | $105 |
| 55 | $245 | $175 |
| 60 | $422 | $294 |
Policy with $1 Million in Coverage and a 30-Year Term
| Age | Male | Female |
| 30 | $65 | $49 |
| 35 | $74 | $57 |
| 40 | $107 | $82 |
| 45 | $167 | $122 |
| 50 | $268 | $190 |
| 55 | $524 | $349 |
| 60 | N / A | N / A |
Average Monthly Term Life Insurance Rates by Policy Amount
| Policy Amount | Male | Female |
| $500,000 | $25 | $21 |
| $750,000 | $33 | $24 |
| $1 million | $40 | $29 |
| $2 million | $73 | $52 |