Life insurance policies and annuities that also offer long-term care (LTC) benefits may work well for
seniors who have more assets than income, which often is the case. For seniors such as these, paying
premiums for traditional LTC insurance might not fit in their budget. They may have money set aside for
this purpose, perhaps in CDs. Buying a combination product for LTC can help them leverage money they
already have in place.
Annuity-based combinations may be more appropriate for individuals whose health makes it difficult to buy
life insurance. Life insurance-based combinations typically are sold to people between 55 and 70 years
old while annuity buyers generally are in the 65-85 age group. The younger and healthier you are the
greater the appeal of life insurance, which can provide more benefits per dollar of premium than you
