How Much Does a $1000000 Term Life Insurance Policy Cost in Florida Texas and New York
A $1,000,000 term life insurance policy is one of the most common coverages amounts families choose today. It can help replace income, cover a mortgage, pay off debts, and provide long-term financial protection for loved ones.
But how much does a policy like this cost in states such as Florida, Texas, and New York?
The good news is that coverage can often be more affordable than many people expect. Premiums depend mostly on age, health, and lifestyle, not just the state you live in.
Average Monthly Cost by State
Below is a general estimate for healthy non-smokers purchasing a $1 million term life insurance policy.
Estimated Monthly Cost for a $1,000,000 Term Life Policy
Typical ranges for healthy non-smokers.
| State | Age 30 | Age 40 | Age 50 | Age 60 |
|---|---|---|---|---|
| Florida | $30 – $60 | $50 – $110 | $120 – $250 | $350 – $700+ |
| Texas | $30 – $70 | $50 – $120 | $130 – $260 | $380 – $750+ |
| New York | $35 – $75 | $55 – $130 | $140 – $300 | $400 – $800+ |
Costs vary based on health, medications, smoking status, and the length of the term policy.
Why Prices Vary
Life insurance companies evaluate several factors when determining premiums.
Age
Age has the biggest impact. The younger you are, the lower the cost.
Health
Medical conditions, medications, and overall lifestyle influence rates.
Smoking Status
Smokers often pay significantly more than non-smokers.
Term Length
A 30-year term policy costs more than a 10-year policy.
Coverage Amount
Higher coverage increases premiums but also provides greater protection.
Example Scenario
Consider two applicants looking for $1 million of coverage.
Applicant 1
Age 35
Non-smoker
Good health
Estimated premium:
About $35–$70 per month.
Applicant 2
Age 55
High blood pressure
Estimated premium:
$250–$600 per month.
This shows why comparing quotes is important.
Why Families Choose $1 Million in Coverage
A $1,000,000 policy can help cover major financial responsibilities such as:
• mortgage payments
• income replacement
• college tuition
• debts and final expenses
• long-term family security
For many households, this amount provides a solid financial safety net.
Compare $1,000,000 Life Insurance Quotes
Compare Life Insurance Quotes
See options available in Florida, Texas, and New York.
Or call directly at 813-964-7100
Final Thoughts
A $1,000,000 term life insurance policy can provide meaningful protection for families across Florida, Texas, and New York. While costs vary depending on personal factors, many people are surprised to learn how affordable this level of coverage can be—especially when comparing multiple insurers.
Taking time to review options can help ensure your family has the protection they need for the future.
