That depends on what you want your life insurance to accomplish, and how long you need coverage.
Term life is good for any life insurance needs of 20 years or less, for seniors.
Whereas, whole life insurance is good of you need life insurance guaranteed to last for as long as you may live.
In addition, there are guaranteed issue life insurance plans which are good if you have health issues or have been turned down for life insurance by other insurers already.
Here's how to find out which life insurance is best for seniors.