“Nationwide Adds Life-LTC Hybrid,” by Allison Bell, ThinkAdvisor

“Life insurance units of Nationwide Mutual Insurance Company will be issuing a new product that combines universal life insurance with cash indemnity long-term care (LTC) benefits. The new Nationwide CareMatters II policy is an updated version of a product introduced in 2014. One change is an expansion in access to the product. In the past, the target market for the product was ages 40 to 65. Nationwide now allows issue ages from 30 to 75. Some details may differ from state to state.”

 

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Another LTCI option.