According to a study done in Canada the percentage of seniors moving into retirement with debt has increased by 60% over the past 10 years. This article from LSM insurance discusses the rising need for seniors to have Life Insurance and lists six factors to consider. According to this world life expectancy website Canadian life expectancy at birth for a female is 84.1 years and males is 80.2 years, for New Zealand it is very similar: for females 83.3 years and 80 years. We will experience more people using insurance products at older ages as more people live longer, and work longer.