If the old man dies, it means that you have a good relationship with the old man, even your immediate family members. Now you miss the living old man very much and hope that he (she) will be with you in the days before his death.
If the old man is still alive, it means that you think the old man is very lucky. He (she) must be a landscape in life. In your eyes, the old man is lucky and has come back from the dead.