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Excellent Service
Thank you for the excellent customer service. You’ve been very supportive in all our questions. We appreciate your time, effort, and support in giving us updates and replying to our late night emails, follow-ups and phone calls. Thank you team!
Jessa
Simple process
Our advisor helped answer all our questions in a timely manner, and the process was much more simple. I really like that they did the comparisons of policies for us. It can be overwhelming for people that do not have experience with insurance policies.
Joanne V
Best rate
If you’re looking for best rate and an advisor, I would highly recommend. They are expert in finding the best insurance provider. Reliable and give unbiased advise. I’m glad I came across Policy Advisor online as they were able to help get my insurance approved.
Zeny D
Made my day
PolicyAdvisor.com made my day when I encountered with the website. When I did the quote, I was happy by the amount I will be saving once the application goes through. My advisor was informative, patient and kept me up to date. I am one happy client!
Samantha D
How much is a $1,000,000 life insurance policy?
The cost of a $1,000,000 life insurance policy depends on several individual factors. There’s no catch-all figure that would give you an accurate estimate. However, for most young, healthy adults, million-dollar life insurance policy costs are reasonable on a 20-year term policy.
Eighty percent of millennials overestimate the cost of life insurance by up to five times the actual price. Luckily, you can find out how much a $1,000,000 life policy costs at PolicyAdvisor whenever you have 60 seconds to use our tools on your phone or computer.
These are representative values for one million dollars worth of life insurance coverage; get a custom quote below for the most accurate numbers.
| AGE | MALE | FEMALE |
|---|---|---|
| 30 | $57 | $40 |
| 35 | $59 | $45 |
| 45 | $140 | $100 |
| 55 | $426 | $300 |
| 65 | $1428 | $960 |
*Term life insurance premiums, $1,000,000 death benefit, non-smoking, 20-year term
Compare term life insurance quotes online
Rates for a $1,000,000 life insurance policy can be as low as the cost of family take-out night.
Protect the people who depend on you today; get free term life insurance quotes. PolicyAdvisor is the best place to get life insurance quotes online in Canada. Speak to our advisors to find the best online life insurance quotes Canada has to offer or get instant quotes on your phone or computer with our easy-to-use tools.
Can you get a big discount for couples?
Couples or spouses looking for $1,000,000 in life insurance coverage can save money when they apply together. Simply indicate you’re applying with your partner when getting an insurance quote with our tools. We’ll provide rates for you both, and show you all the ways you can save on monthly premiums.
Why get $1M term life insurance through PolicyAdvisor?
PolicyAdvisor is a digital-first insurance broker, using technology to make life insurance simpler, smarter and more rewarding.
| Policyadvisor .com | Insurance Brokers | Insurance Agents | |
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| Simple, quick, online |  |
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| Compare 25+ companies | |
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| Live advisor support | |
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| Impartial, trusted advice | |
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| Commission-free advisors | |
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| Apply from anywhere | |
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PolicyAdvisor is one of Canada’s top insurance brokers. Reviews from all over the web confirm our commitment to making insurance accessible to all Canadians and to provide you with the absolute best customer experience while comparing and applying for your insurance policy.
How PolicyAdvisor help you get life insurance for $1M
At PolicyAdvisor we’ve made the process of buying life insurance as easy and painless as possible. In fact, in just a few short minutes you could be on the way to obtaining coverage, protecting your loved ones, and having the peace of mind knowing you’ve taken care of all your protection needs.
1
STEP 1
Get quotes quickly
Get the best quotes across insurance companies
2
STEP 2
Zero in on best option
Our advisors guide you to the best product and company for your unique situations
3
STEP 3
Submit application
Once finalised, we help submit your application. Yes, we will scout to multiple companies if there are complications
Need insurance answers now?
Call 1-888-601-9980 to speak to our licensed advisors right away, or book some time with them below.
Disclosures:
Issuance of coverage is subject to underwriting by the respective insurance company. Any premium quotes displayed are non-binding and are subject to final approval by respective insurance companies. Final prices may vary as underwriting takes into account several factors including, age, gender, smoking status, status of health, lifestyle, etc.
Potential savings calculated using the average difference in premium between the highest and lowest term life quotes shown based on publicly available rates displayed on the website. Savings may vary by chosen policy term, coverage amount, health status, and lifestyle choices.
