What Can a Million Dollars Buy You? $1 million in a diversified portfolio could help finance part of your retirement. Related Content Variable Universal Life Insurance Variable Universal Life is permanent insurance in which the policyholder directs how premiums are invested. Estimating the Cost of College This worksheet can help you estimate the costs of a four-year college program. Inventorying Your Possessions Creating an inventory of your possessions can save you time, money and aggravation in the event you someday suffer losses.