The cost of life insurance for parents can vary depending on several factors, including the age and health of your parents, the type and amount of coverage you choose, and the insurance company you go with. Generally, the older your parents are, the higher the premiums will be. Additionally, if your parents have any pre-existing health conditions, it may affect the cost of the insurance. It's best to reach out to insurance providers directly to get personalized quotes based on your parents' specific circumstances. They will be able to provide you with accurate pricing information and help you choose the right coverage for your parents' needs. Keep in mind that life insurance premiums are typically paid on a monthly or annual basis, so you'll need to factor in the ongoing cost of the insurance when considering your budget. It's also worth noting that some insurance companies offer discounted rates for policies that cover both parents, so be sure to inquire about any potential discounts or savings opportunities.