The cost of a term life insurance policy for one million dollars depends on the applicant’s age, gender and where he or she resides.
Sample non-smoker premiums for New York and Toronto men and women from ages 25 to 70 are compared in this article. Source premium data is from the Term4Sale website, a free online rate calculator.
Annual rates for each age shown below are guaranteed for a 5-year period. This type of coverage is called 5-year level or guaranteed term life insurance. Dollar amounts are stated in their original U.S. and Canadian currencies.