The Nationwide CareMatters® Long Term Care/Life Insurance policy was designed to have lots of flexibility and to answer many of the questions that consumers have about long term care insurance.
It is a unique product that should be considered when shopping for long term care insurance. Work with Insuring Income to review quotes for the Nationwide CareMatters® policy.
Premiums that won’t increase
Standard long term care insurance policies could be subject to premium increases after the coverage goes in place. The Nationwide CareMatters Combined Long Term Care Insurance and Life Insurance policy has level premiums that are guaranteed not to increase. The premium can be paid in a single lump sum or over the course of a few years or many years.
No “use it or lose it” risk
The problem that many people complain about when purchasing long term care insurance is that if they do not qualify for long term care benefits, they will not recoup any of the premium or benefits. Someone could pay premiums for 20 years and die of a heart attack. With traditional long term care insurance policies, since there would be no long term care, zero benefit is paid. With Nationwide’s CareMatters long term care insurance, you could recoup your premiums if you cancel the policy or if no long term care is needed, the policy proceeds can be passed to heirs.
Flexible coverage options
Many traditional long term care insurance policies only cover services specifically listed in the policy and may not allow a family member to be paid for providing care. With Nationwide’s CareMatters policy, your policy will cover care services that exist today as well as certified services that will evolve tomorrow. You may choose to pay a friend or loved one to provide your home health care.
< Click to download the Nationwide CareMatters Long Term Care Insurance brochure >
The contents of this website may be viewed in any jurisdiction; however, Nationwide YourLife CareMattersSM is offered or will be sold only in jurisdictions where such offer or solicitation is lawful. Nationwide YourLife CareMattersSM and/or some of its features or options is not available in all states. In states where sold, Nationwide YourLife CareMattersSM is issued by Nationwide Life and Annuity Insurance Company (Not licensed in NY, PR, or VI), Columbus, Ohio.
Nationwide, Nationwide Financial, the Nationwide framemark, On Your Side, Nationwide YourLife and CareMatters are service marks of Nationwide Mutual Insurance Company.