Can you find affordable life insurance for an 81-year-old who has a reverse mortgage?

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Life insurance for seniors:

Is it possible to secure $40,000 in life insurance for an 81-year-old man? My dad took out a reverse mortgage, and since I live in the house, I’ll need to repay it or move out if he passes away. I don’t have the funds, but he thought a policy might allow me to stay in the home. However, I’m struggling to find a company that will insure him, aside from Colonial Penn, which only provides $6,300 for $149 a month. Are there other options I should consider?

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Yes, many insurers cover up to age 85. What is his medical history like?

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Not ideal. He had two strokes this summer but is doing alright now. He’s also a smoker, but otherwise, he’s in decent shape.