Yes. Because life insurance companies are in business to make money, they do not take risk that is certain to lose them money; such as, insuring someone who may pass away very soon.
The older you are, the more likely you are of having a short life expectancy.
Most life insurance companies have an age limit of offering people life insurance up to age 85. Although some may offer life insurance to people over 85 years of age.
Are You Over Age 80 and Looking to Buy Life Insurance?
If so, it may be much easier than you expected. Actually, you can get up to $25,000 of life insurance with guaranteed approval through one highly-rated life insurance carrier.
It’s called "Guaranteed Issue" life insurance, and you don’t have to take a physical exam or answer any questions about your health to get insured.
Learn about buying life insurance for people over 80.