Why would any insurance company insure against an inevitability?
Property insurance is definitely different. I get that.
Health insurance also stops at age 65 and becomes a taxpayer funded program (Medicare).
Not comparable to property and casualty or term life insurance, where an unlikely event is insured. I would say those are closer to insurance rather than cost sharing / taxpayer subsidy agreement like health insurance is. And whole life is an investment / tax savings product.