True in the sense that evolution does select for populations with grandparents, but not entirely obvious in the sense that it is optimising the long lifetime of those grandparents. You don't need a lot of grandparents lying around in the community evolutionary speaking, they take resources to maintain. And there might be a limit to how long knowledge is useful for that evolution has sniffed out and calibrated lifespans to.

Human life seems to go through 3-4 phases (roughly youth, middle age and old age). The role of each of those is distinct and fairly clear, but it isn't easy to pick why evolution settled on specific numbers of years.