The longer the insured person lives, the more money the insurance companies get without paying out a single cent. That is, until the insurance matures and the money given is returned, sometimes with a little interest. In the mean time, the insurance companies can use that money in other profitable projects. Thus the ideal person to insure is a young, healthy person. Thus, as the person ages, insurance premiums get higher until a certain age where a person is traditionally no longer insurable. Thus, life insurance for seniors is difficult to get. Fortunately, there are institutions out there that offer these.