A term life policy will cost a lot less than permanent life insurance because term life is temporary, for specific number of years. Whereas, permanent life insurance provides lifetime coverage.
In addition, your individual risk factors will affect your cost of life insurance.
For example, your age, gender, health, and family health history will affect the rate you pay for life insurance.
Also, your occupation, hobbies, lifestyle, driving record, and height-to-weight ratio will have an impact on what rate you pay for your life insurance policy.
These risk factors determine how good risk you are for the insurance company to insure. The lower the risk, the better your rate for life insurance.
On the other hand, the higher the risk, and the greater the chances you may die sooner rather than later, the higher the rate you pay.
One way to find out how much life insurance may cost you is to compare rates on life insurance for people over 60.