The life insurance cost for a 75 year old will depend on the 75 year olds gender as well as current health and how much life insurance coverage that the 75 year old wants to purchase.
The cost can also depend on whether you're a smoker or not and you'll need to get a physical and then the doctor will then report your health back to the life insurance company to help determine if your able to get qualified for the life insurance through them.
If you want a life insurance policy with $25,000.00 of coverage then you can usually get the life insurance policy for around $80.00 per month to $110.00 per month.
If you want $100,000.00 in life insurance coverage for the 75 year old then you can expect to pay between $118.00 to $150.00 per month.
The cost like I said will depend on whether you're a male or female, your current health, whether you're a smoker or not and also your credit score.
Yes your credit score does help determine your life insurance policies cost per month so the higher your credit score the lower your life insurance cost will usually be and the lower your credit score the higher your life insurance monthly cost will be.
Another thing to note is that you'll usually need to have the life insurance policy in place for 1 to 2 years before it actually takes effect and will pay out upon your death.
And you need to make sure you make all the monthly payments to the life insurance company because if you default on the monthly payments for the life insurance then you can be cancelled.
And then you won't be refunded the money you put into the life insurance.