The present study aimed to check the impacts of depressive symptoms on life satisfaction and the relationships among depressive symptoms and life satisfaction. Total 223 elderly women were recruited from District Bahawalpur using purposive sampling technique. Age range of the sample was from 55 years and above. Urdu translated Geriatric Depression Scale (15-items) (Sheikh & Yesavage, 1986) and Urdu translated Satisfaction with Life Scale (SWLS) (Diener et al., 1985) was used. Results obtained by using SPSS-21 (Statistical Package for Social Sciences) and PLS (Partial Least Square) software. Research findings revealed that depressive symptoms were significantly negatively correlated with life satisfaction. Similarly, the depressive symptoms had significant impacts on life satisfaction among elderly women. Furthermore, socioeconomic status also had significant impacts on depressive symptoms and life satisfaction among elderly women. These research findings have practical implications for gerontologists and will open new doors for health policy makers.