The cost of a life insurance policy for someone age 70 or over would depend on your Health and if you have ever used tobacco products, as well as, the type and amount of life insurance coverage you want to buy.

Someone who smokes may pay twice as much as a non-smoker for the same amount of life insurance for a person age 70 or over. Non-smokers would get a much lower rate on their life insurance policy.

But the amount of Death Benefit and the type of life insurance policy w...