$10M-$100M 10-Year Term Life Insurance Policy Rates

Term life insurance lasts a limited period of time, such as 10, 15, 20, 25, or 30 years.

AgeFemaleMale
20$100$128
25$100$128
30$102$128
35$112$145
40$187$213
45$322$397
50$514$637
55$847$1,150
60$1,303$1,837
65$2,178$3,479
70$3,626$5,833
75$7,567$11,620
80$19,081$23,491
Monthly rates are calculated at a preferred non-tobacco rating for a 10-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$192$247
25$192$247
30$196$247
35$215$281
40$364$414
45$630$777
50$1,008$1,253
55$1,665$2,275
60$2,566$3,954
65$4,290$7,011
70$7,293$11,629
75$15,457$24,240
80$42,569$60,049
Monthly rates are calculated at a preferred non-tobacco rating for a 10-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$286$368
25$286$368
30$292$368
35$320$418
40$543$619
45$942$1,163
50$1,510$1,876
55$2,494$3,410
60$3,846$5,928
65$6,433$10,513
70$10,937$17,441
75$23,183$36,358
80$63,851$90,070
Monthly rates are calculated at a preferred non-tobacco rating for a 10-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$472$610
25$472$610
30$483$610
35$529$694
40$902$1,027
45$1,566$1,934
50$2,512$3,123
55$4,153$5,680
60$6,406$9,876
65$10,717$17,518
70$18,225$29,064
75$38,634$60,592
80$106,415$150,113
Monthly rates are calculated at a preferred non-tobacco rating for a 10-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$940$1,214
25$940$1,214
30$960$1,214
35$1,053$1,382
40$1,799$2,050
45$3,127$3,863
50$5,020$6,241
55$8,301$11,355
60$12,806$19,746
65$21,430$35,031
70$36,445$58,123
75$77,263$121,180
80$212,825$300,221
Monthly rates are calculated at a preferred non-tobacco rating for a 10-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.

 

$10M-$100M 20-Year Term Life Insurance Policy Rates

AgeFemaleMale
20$167$239
25$167$239
30$179$239
35$230$272
40$350$432
45$603$788
50$905$1,227
55$1,518$2,096
60$2,589$3,739
65$4,871$7,196
Monthly rates are calculated at a preferred non-tobacco rating for a 20-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$325$465
25$325$465
30$349$465
35$449$532
40$692$854
45$1,189$1,549
50$1,781$2,415
55$2,997$4,130
60$5,107$7,369
65$9,697$14,296
Monthly rates are calculated at a preferred non-tobacco rating for a 20-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$484$695
25$484$695
30$520$695
35$670$795
40$1,035$1,279
45$1,780$2,320
50$2,669$3,620
55$4,492$6,192
60$7,658$11,051
65$14,543$21,441
Monthly rates are calculated at a preferred non-tobacco rating for a 20-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$804$1,155
25$804$1,155
30$863$1,155
35$1,113$1,322
40$1,722$2,128
45$2,964$3,863
50$4,445$6,030
55$7,483$10,316
60$12,760$18,415
65$24,234$35,732
Monthly rates are calculated at a preferred non-tobacco rating for a 20-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$1,602$2,305
25$1,602$2,305
30$1,721$2,305
35$2,221$2,638
40$3,439$4,250
45$5,922$7,721
50$8,885$12,055
55$14,961$20,627
60$25,514$36,825
65$48,463$71,458
Monthly rates are calculated at a preferred non-tobacco rating for a 20-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.

 

$10M-$100M 30-Year Term Life Insurance Policy Rates

AgeFemaleMale
20$289$409
25$293$409
30$341$456
35$449$563
40$666$849
45$1,060$1,394
50$1,731$2,321
55$3,108$4,416
Monthly rates are calculated at a preferred non-tobacco rating for a 30-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$565$802
25$575$802
30$670$896
35$883$1,129
40$1,309$1,691
45$2,106$2,744
50$3,410$4,572
55$6,362$8,705
Monthly rates are calculated at a preferred non-tobacco rating for a 30-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$845$1,200
25$860$1,200
30$1,002$1,341
35$1,322$1,690
40$1,960$2,534
45$3,156$4,113
50$5,112$6,855
55$9,540$13,055
Monthly rates are calculated at a preferred non-tobacco rating for a 30-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$1,404$1,996
25$1,430$1,996
30$1,667$2,231
35$2,200$2,814
40$3,264$4,220
45$5,257$6,852
50$8,516$11,422
55$15,897$21,755
Monthly rates are calculated at a preferred non-tobacco rating for a 30-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$2,803$3,987
25$2,854$3,987
30$3,328$4,457
35$4,394$5,622
40$6,522$8,435
45$10,509$13,699
50$17,027$22,839
55$31,788$43,504
Monthly rates are calculated at a preferred non-tobacco rating for a 30-year term, rounded to the nearest dollar, and are valid as of 03/09/2026.

 

$10M-$100M Whole Life Insurance Policy Rates

Whole life insurance lasts your entire life, has a fixed premium, and builds cash value.

AgeFemaleMale
20$3,435$3,943
25$4,135$4,634
30$5,089$5,649
35$6,332$6,962
40$7,950$8,747
45$10,024$11,065
50$12,824$14,172
55$16,490$18,302
60$21,530$24,138
65$28,662$31,733
70$38,987$43,134
75$53,232$60,170
80$74,625$82,833
Monthly rates are calculated at a preferred non-tobacco rating, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$6,865$7,880
25$8,265$9,263
30$10,173$11,293
35$12,658$13,918
40$15,895$17,488
45$20,043$22,125
50$25,643$28,338
55$32,975$36,598
60$43,055$48,270
65$57,318$63,460
70$77,968$86,263
75$106,458$120,335
80$149,245$165,660
Monthly rates are calculated at a preferred non-tobacco rating, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$10,295$11,818
25$12,395$13,892
30$15,257$16,937
35$18,984$20,874
40$23,840$26,229
45$30,062$33,185
50$38,462$42,504
55$49,460$54,894
60$64,580$72,403
65$85,974$95,188
70$116,949$129,392
75$159,684$180,500
80$223,865$248,488
Monthly rates are calculated at a preferred non-tobacco rating, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$17,155$19,693
25$20,655$23,149
30$25,424$28,224
35$31,637$34,787
40$39,730$43,712
45$50,099$55,305
50$64,099$70,837
55$82,430$91,487
60$107,630$120,668
65$143,287$158,643
70$194,912$215,649
75$266,137$300,830
80$373,105$414,143
Monthly rates are calculated at a preferred non-tobacco rating, rounded to the nearest dollar, and are valid as of 03/09/2026.
AgeFemaleMale
20$34,305$39,380
25$41,305$46,293
30$50,843$56,443
35$63,268$69,568
40$79,455$87,418
45$100,193$110,605
50$128,193$141,668
55$164,855$182,968
60$215,255$241,330
65$286,568$317,280
70$389,818$431,293
75$532,268$601,655
80$746,205$828,280
Monthly rates are calculated at a preferred non-tobacco rating, rounded to the nearest dollar, and are valid as of 03/09/2026.

 

$10,000,000 Universal Life Insurance Policy Rates

Universal life insurance is permanent coverage that builds cash value. The premiums are often flexible, allowing you to adjust how much you pay.

Age Premium TypeFemaleMale
20Minimum$1,226$1,532
Target$2,383$2,800
25Minimum$1,452$1,860
Target$2,858$3,258
30Minimum$1,951$2,321
Target$3,458$3,958
35Minimum$2,346$2,947
Target$4,208$4,817
40Minimum$3,349$3,875
Target$5,250$5,992
45Minimum$4,416$5,031
Target$6,500$7,500
50Minimum$5,901$6,680
Target$8,167$9,475
55Minimum$7,694$8,954
Target$10,167$11,675
60Minimum$10,182$11,753
Target$13,333$14,508
65Minimum$14,616$16,219
Target$17,500$19,250
70Minimum$20,494$23,077
Target$23,083$26,250
75Minimum$29,104$34,160
Target$30,417$35,833
Monthly rates are calculated at a non-tobacco preferred rating, rounded to the nearest dollar, and are valid as of 03/09/2026. "Minimum Premium" is the lowest amount allowable. "Target Premium" is the suggested premium a policyholder should pay to ensure the policy remains active and adequately funded throughout its intended duration.
Age Premium TypeFemaleMale
20Minimum$2,446$3,057
Target$4,767$5,600
25Minimum$2,898$3,713
Target$5,717$6,517
30Minimum$3,895$4,635
Target$6,917$7,917
35Minimum$4,685$5,887
Target$8,417$9,633
40Minimum$6,691$7,744
Target$10,500$11,983
45Minimum$8,826$10,056
Target$13,000$15,000
50Minimum$11,796$13,354
Target$16,333$18,950
55Minimum$15,382$17,901
Target$20,333$23,350
60Minimum$20,357$23,500
Target$26,667$29,017
65Minimum$29,226$32,431
Target$35,000$38,500
70Minimum$40,982$46,149
Target$46,167$52,500
75Minimum$58,208$68,320
Target$60,833$71,667
Monthly rates are calculated at a non-tobacco preferred rating, rounded to the nearest dollar, and are valid as of 03/09/2026. "Minimum Premium" is the lowest amount allowable. "Target Premium" is the suggested premium a policyholder should pay to ensure the policy remains active and adequately funded throughout its intended duration.
Age Premium TypeFemaleMale
20Minimum$3,666$4,582
Target$7,150$8,400
25Minimum$4,344$5,566
Target$8,575$9,775
30Minimum$5,840$6,949
Target$10,375$11,875
35Minimum$7,024$8,827
Target$12,625$14,450
40Minimum$10,034$11,614
Target$15,750$17,975
45Minimum$13,236$15,081
Target$19,500$22,500
50Minimum$17,692$20,028
Target$24,500$28,425
55Minimum$23,069$26,848
Target$30,500$35,025
60Minimum$30,533$35,247
Target$40,000$43,525
65Minimum$43,836$48,644
Target$52,500$57,750
70Minimum$61,469$69,220
Target$69,250$78,750
75Minimum$87,313$102,480
Target$91,250$107,500
Monthly rates are calculated at a non-tobacco preferred rating, rounded to the nearest dollar, and are valid as of 03/09/2026. "Minimum Premium" is the lowest amount allowable. "Target Premium" is the suggested premium a policyholder should pay to ensure the policy remains active and adequately funded throughout its intended duration.
Age Premium TypeFemaleMale
20Minimum$6,106$7,632
Target$11,917$14,000
25Minimum$7,236$9,273
Target$14,292$16,292
30Minimum$9,728$11,578
Target$17,292$19,792
35Minimum$11,703$14,707
Target$21,042$24,083
40Minimum$16,719$19,352
Target$26,250$29,958
45Minimum$22,055$25,131
Target$32,500$37,500
50Minimum$29,482$33,375
Target$40,833$47,375
55Minimum$38,445$44,742
Target$50,833$58,375
60Minimum$50,884$58,741
Target$66,667$72,542
65Minimum$73,057$81,069
Target$87,500$96,250
70Minimum$102,445$115,362
Target$115,417$131,250
75Minimum$145,521$170,800
Target$152,083$179,167
Monthly rates are calculated at a non-tobacco preferred rating, rounded to the nearest dollar, and are valid as of 03/09/2026. "Minimum Premium" is the lowest amount allowable. "Target Premium" is the suggested premium a policyholder should pay to ensure the policy remains active and adequately funded throughout its intended duration.
Age Premium TypeFemaleMale
20Minimum$12,205$15,258
Target$23,833$28,000
25Minimum$14,465$18,539
Target$28,583$32,583
30Minimum$2,784$23,149
Target$34,583$39,583
35Minimum$23,400$29,408
Target$42,083$48,167
40Minimum$33,432$38,697
Target$52,500$59,917
45Minimum$44,104$50,256
Target$65,000$75,000
50Minimum$58,957$66,744
Target$81,667$94,750
55Minimum$76,883$89,478
Target$101,667$116,750
60Minimum$101,762$117,476
Target$133,333$145,083
65Minimum$146,107$162,131
Target$175,000$192,500
70Minimum$204,883$230,717
Target$230,833$262,500
75Minimum$291,042$341,600
Target$304,167$358,333
Monthly rates are calculated at a non-tobacco preferred rating, rounded to the nearest dollar, and are valid as of 03/09/2026. "Minimum Premium" is the lowest amount allowable. "Target Premium" is the suggested premium a policyholder should pay to ensure the policy remains active and adequately funded throughout its intended duration.

 

Acceptable Reasons Insurers Allow Someone To Buy Multimillion-Dollar Policies This Large

Only business owners or high-net-worth individuals need a $10 million (or more) life insurance policy. Life insurance companies will require you to provide a sufficient reason why you want this level of coverage. The most common reasons include:

  • Income replacement: If you are the primary wage earner (in this case, a substantial income) of your household, a life insurance policy can ensure that your family can maintain their lifestyle in the event of your death.
  • Estate planning: Very high-net-worth families will use life insurance to pay the expected estate taxes. Insurers will allow you to buy coverage that accounts for the current and future value of your estate.
  • Charitable giving: If you’re heavily involved in philanthropy, you can allocate the proceeds from a life insurance policy to go to whichever charities you want.
  • Buy-sell agreements: A buy-sell agreement ensures the business can continue operating if one of the partners dies. Essentially, the death benefit paid out allows the surviving business partner to purchase the deceased partner’s shares. That would make the surviving partner the sole owner of the company. Companies vary in size and value, but it’s not uncommon for these agreements to need life insurance policies in excess of $10,000,000.
  • Key person insurance: Companies that employ high-value, highly compensated executives often take out a substantial life insurance policy on those executives. The goal is to protect the company from loss of profits that would likely occur due to the death of the key executive.

 

Financial Underwriting Requirements

To buy $10,000,000 of life insurance, the insurance company will require you to provide ample financial documents to justify such a high amount of coverage.

For income replacement needs, how much coverage you can buy is based on a multiplier of your salary. You must complete IRS Form 4506-C to allow them to obtain your tax return from the IRS.

Below is a table outlining the maximum total coverage life insurance companies will allow you to purchase based on your annual income.

AgeApproximate Multiplier Of Annual Income To Determine The Maximum Amount Of Coverage You Can Buy
18-3030x-40x
31-4025x-30x
41-5020x-25x
51-6010x-15x
61-657x-10x
66+5x-7x
It's important to know that insurers generally consider income to be money received from salaries, bonuses, or commissions. It usually does not include investment income, pending interest, retirement income, or rental income.

If you’re buying the policy for needs outside of income replacement, expect to provide documentation such as business valuations, corporate documents, statements of liquid assets, real estate deeds, debts, trusts, or anything else related to your estate or business.

Ultimately, every insurer will provide you with a detailed list of the documents they require to justify the policy.

Don't Forget
Insurers will take into consideration how much existing life insurance you have (if any) when calculating how much total coverage they will allow you to buy. For example, if you currently have a $5 million life insurance policy and your income only warrants total coverage of $7 million, that would mean they will only allow you to buy an additional $2M of new coverage.

 

A Medical Exam Is Required

You will have to meet with a paramed professional who will record your current height and weight and take a blood pressure reading. They will also collect blood and urine samples. Finally, you will need to complete an EKG (regardless of age).

On top of this, the insurance company will subpoena all your medical records from any physician or medical facility that you’ve encountered within the last 10-15 years.

Once the insurer has all this data, they can determine whether you’re medically eligible for the policy and which rate classificationRate Class
Risk categories assigned by underwriters that denote levels of risk. The best rating is usually "preferred plus," followed by "preferred," then "standard," and various "substandard" ratings. The better the rating, the lower the price. The rate class you're assigned is a function of the totality of your health and lifestyle history. you qualify for.

 

Extended Background Verification

Given the massive amount of risk the insurance company is taking by issuing such a large policy, it will subject you to additional due diligence.

First, they will obtain an electronic inspection report prepared by LexisNexis that provides a robust amount of information regarding your personal background. They will also order a non-electronic inspection report from a third-party entity that will conduct a telephone interview with you.

They will ask a series of very detailed questions about your lifestyle, occupation, addresses, travel habits, driving record, criminal history, and much more.

The insurer will also check your credit report for any past bankruptcies. If there are any, you’ll have to provide details about the bankruptcy.

All of this information is kept confidential as it all falls under the Fair Credit Reporting Act. Also, the insurer bears the cost of these reports.

 

There Will Be Extended Underwriting For Seniors

Seniors age 60-65 and above will need to complete additional paperwork to address insurers’ concerns of:

  • Statement of policy intent: These forms attest that no third party without insurable interestInsurable Interest
    Insurable interest is when the beneficiary(s) of a life insurance policy would suffer a financial hardship should the insured die. Those who typically have insurable interest include family members or business partners, as they would suffer a financial windfall upon the insured's death. Other categories of persons (non-family or non-business partner) may have insurable interest but must provide proof to substantiate it.     is enticing you (via money or other valuable compensation) to buy the policy.
  • Premium funding declaration form: These forms are meant to prevent policies from being issued that use non-recourse premium financing.

 

Approval Times for $10M+ Life Insurance Policies

It typically takes 4-6 weeks for the company to approve an application for a $10M-$100M life insurance policy. Before they can approve an application, all requirements must be satisfied, which in total include:

  • Medical exam
  • EKG
  • All medical records
  • Tax return from the IRS
  • Financial documents
  • Inspection report
Anthony Martin
Anthony Martin
Choice Mutual CEO & Writer
Author
  • Nationally licensed life insurance agent with over 16 years of experience.
  • Personal annual production that puts him in the top .001% out of all life insurance agents in the nation.

Anthony Martin is a nationally licensed insurance expert with over 16 years of experience and has personally served over 10,000 clients with their life insurance needs. He frequently authors entrepreneurial and life insurance content for Forbes, Inc.com, Newsweek, Kiplinger, and Entreprenuer.com. Anthony has been consulted as an expert life insurance source for dozens of high-profile websites such as Forbes, Bankrate, Reuters, Fox Business, CNBC, Investopedia, Insurance.com, Yahoo Finance, and many more.

Jeff Root
Jeff Root
Life Insurance Expert, Choice Mutual Fact Checker
Editor
  • Nationally licensed life insurance agent with over 20 years of experience
  • Best selling Amazon author.

Jeff Root is a nationally licensed life insurance expert with over 20 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.

David Duford
David Duford
Life Insurance Expert, Choice Mutual Fact Checker
Editor
  • Nationally licensed life insurance agent with over 15 years of experience
  • Best selling Amazon author of five insurance sales books.

David Duford is a nationally licensed insurance expert with over 15 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.

Jeff Root
Jeff Root
Life Insurance Expert, Choice Mutual Fact Checker
Editor
  • Nationally licensed life insurance agent with over 20 years of experience
  • Best selling Amazon author.

Jeff Root is a nationally licensed life insurance expert with over 20 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.

David Duford
David Duford
Life Insurance Expert, Choice Mutual Fact Checker
Editor
  • Nationally licensed life insurance agent with over 15 years of experience
  • Best selling Amazon author of five insurance sales books.

David Duford is a nationally licensed insurance expert with over 15 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.

Choice Mutual often cites third-party websites to provide context and verification for specific claims made in our work. We only link to authoritative websites that provide accurate information. You can learn more about our editorial standards, which guide our mission of delivering factual and impartial content.

  1. estate taxes. https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
  2. IRS Form 4506-C. https://www.irs.gov/individuals/income-verification-express-service
  3. LexisNexis. https://risk.lexisnexis.com/products/electronic-inspection-report
  4. Fair Credit Reporting Act. https://www.ftc.gov/legal-library/browse/statutes/fair-credit-reporting-act
Article Published
9 days ago