Nowadays, seniors have higher chances of qualifying for a life insurance plan because some life insurance policies do not require medical examinations. They have a simplified application process: seniors need to complete a simple medical questionnaire. Some plans sell coverage for people over 65 years old. It is important to have life insurance as a senior. Since funeral costs are high, many families will benefit from insurance proceedings. The benefit provided by a life insurance plan can be used to cover last expenses. Surviving family members can also use the money to cover daily living expenses or urgent costs like mortgage rates.
Source: http://www.virtual-strategy.com/2014/02/02/life-insurance-policies-without-medical-exam-are-available-seniors