Yes, there is life insurance available for elderly people.

There are several life insurance plans available for the elderly with No Exam required.

Final Expense life insurance policies can be purchased by people usually up to age 80.

There is quite a bit of leniency on the health questions for these 
these no exam senior life insurance policies policies, but it is possible to be declined. The maximum amount of life insurance offered is usually up to $25,000 for this type of life insurance policy, although some may offer higher face amounts of life insurance coverage. 

When applying for your elderly life insurance policy find out if you have full coverage from the first day you are insured, and if your rate is guaranteed to remain level for the life of your policy. Also, find out if the amount of your life insurance coverage will ever decline during your life insurance policy term.

Here's how to learn more about life insurance for elderly.