Senior life insurance policies hold a huge chunk of the insurance industry. Senior citizens comprise the main market for insurance companies. A few years back, this was a different scenario for the elderly market. Insurers used to be afraid to issue life insurance to seniors simply because they are sure to pass away sooner than the younger generation. The insurance companies watched as the young generation that they wooed into buying their policies grew older and thus forced them to be more competitive resulting in them creating packages that are ideal for their elderly customers. Aside from that, the state also requires all insurance companies to have senior friendly packages so you are sure to be entertained whenever you choose to inquire about a life insurance policy.