What is the difference between term and whole life insurance for seniors?

Key details about senior life insurance

Whole life insurance covers you for your entire life as long as premiums are paid, usually with a level premium designed not to increase and a cash value component that grows over time. It typically costs more per dollar of coverage than term, but it pays a death benefit whenever death occurs as long as the policy is kept in force, subject to the contestability period.

For seniors specifically focused on covering funeral costs or leaving an inheritance, whole life (including final expense policies) is usually the more practical choice since it doesn't expire.