Price improvements to Nationwide CareMatters® II
Beginning November 7, 2022, Nationwide is implementing a second price improvement of 2022 across all scenarios for the current CareMatters II product as part of our commitment to responding quickly to changing economic conditions and delivering value for new policyowners.
These changes do not apply to Nationwide YourLife CareMatters in New York and California.
The price improvement is an average pricing decrease of 5% for all scenarios. There will be a price decrease for all scenarios; however, the percent decrease varies by the characteristics of the case.
Important dates
Any policies with an effective date on or after November 7, 2022, will receive the improved pricing. Any new business already at Nationwide will receive the new rate. Please continue to submit applications; all policies will be issued at the new rate on or after November 7, 2022, unless otherwise requested.
Normal CareMatters backdating rules apply.
Download the transition rules here
See how we’ve improved
Here’s an example of how the new rates for CareMatters II compare to the previous price improvement for a 60-year-old woman, couple, nontobacco, 6-year benefit, 3% compound inflation, Maximum LTC Benefit.
Maximum issue age increase for YourLife CareMatters (CA and NY)
Beginning November 7, 2022, the maximum issue age for YourLife CareMatters will increase in California and New York. These changes do not apply to Nationwide CareMatters II.
In California, applications for individuals older than the previous maximum issue age must be submitted on paper. E-applications will not be accepted.
Normal CareMatters backdating rules apply.
Download the new maximum issue age grid and transition rules here.
November is Long-Term Care Awareness Month
We’re dedicated to making it easier for you to promote the benefits of LTC to your clients. That’s why we’ve created a variety of promotional tools and materials designed to help you continue the conversation all month long. Access your marketing asset guide here to help promote and prepare for meaningful client conversations about long-term care. Post the ready-to-use social media graphics to your social feed to drive inquiries about LTC sales opportunities from your contacts.
Don’t Miss 2022 Life Business Year-End Deadlines
Make sure your Nationwide® Life insurance and CareMatters cases count for 2022 production. Applications must be in good order for these deadlines to apply.
December 16: deadline for us to receive applications
December 26: deadline for us to receive premium
Please click here for full details on important dates.
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