Nationwide CareMatters II- Product Update

Dec 16, 2020 • LTCI Partners

Nationwide CareMatters II- Product Update

Nationwide

Nationwide CareMatters^® II Product Update

Nationwide is committed to carefully managing our life product portfolio to remain a strong, stable carrier you can rely on. To keep this commitment – and in response to the sustained low interest rate environment and regulatory updates – Nationwide will implement pricing updates to Nationwide CareMatters^® II. This is a change to premiums and Guaranteed Cash Value tables only.

There are no changes to the product structure, contract language, forms, or types of benefits provided. There is no change to in-force policies because of this update.

Product Changes
We took a surgical approach in determining premium changes to ensure Nationwide remains competitive in our target market. Within our target market, ages 40 to 65, we chose to remain very competitive on multi-pay premium policies, specifically those with 3% compound inflation protection.

Effective January 11, 2021, for new business within our target market, you can expect the following premium increases, on average:

	3% Compound Inflation	No Inflation
Single Pay:	8%	11%
Multi Pays:	11%	16%

(Couple, Nontobacco, Minimum Refund of Premium with Maximum LTC Benefit option)

Premium changes outside of our target market will vary based on the characteristics of your case. We have also increased the Guaranteed Cash Value tables as a part of this product update. For new business, you can expect the following increases to Guaranteed Cash Value tables, on average:

Policy Year 20	Policy Year 25	Policy Year 30
8%	6%	4%

Increases will also vary by age and underwriting class.

While current interest rates and economic conditions necessitate these changes, Nationwide is committed to offering competitive long-term care solutions for you and your clients.

Please review complete Transition Guidelines for more detail: “Nationwide CareMatters II Pricing Change for New Business Effective January 11, 2021”

Honoring our commitments and keeping you informed. By carefully managing our diverse life product portfolio, we have been able to consistently honor our commitments, even in times of economic disruption. We remain strongly committed to serving you and your clients’ life insurance needs. Thank you for putting your trust in Nationwide.

Markets change, but our commitment doesn’t.

Nationwide YourLife CareMatters^® - A competitively priced LTC linked-benefit policy available in New York

Did you know that Nationwide YourLife CareMatters is a competitively priced long-term care linked-benefit option for your clients in New York? Because it’s a cash indemnity policy, your clients can know how much benefit they can receive to cover long-term care costs because Nationwide places no restrictions on how the benefit is spent and they don’t have to wait to confirm what their insurer will reimburse.

Here’s an example with a six-year LTC benefit: A married, 55-year old woman, nontobacco user following a ten-pay schedule at $10,000 a year (total premium $100,000):

	Nationwide YourLife CareMatters	Lincoln MoneyGuard II Single-Pay – Basic	Lincoln MoneyGuard II Single-Pay – Vested	Lincoln MoneyGuard II 10-Pay – Basic
Monthly LTC Benefit	$7,159	$6,100	$5,083	$4,879

A ten-pay schedule allows your client to pay the same premium as a single pay, but spread across multiple years (New York only).

This is just one example. You can download more sample comparisons from us here.

Don’t miss 2020 life business year-end deadlines
Make sure your Nationwide^® Life insurance and CareMatters cases count for 2020 production. Applications must be in good order for these deadlines to apply. December 14 (past): deadline for us to receive applications December 28: deadline for us to receive premium Please click here for full details on important dates.

Questions? For more information, call us at 888-767-7373 or visit nationwidefinancial.com.

This email was sent by: Nationwide, One Nationwide Plaza, Columbus, OH, 43215

• Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value

This material is not a recommendation to buy, sell, hold or roll over any asset, adopt an investment strategy, retain a specific investment manager or use a account type. It does not take into account the specific investment objectives, tax and financial condition or particular needs of any specific person. Investors should work with their financial professional to discuss their specific situation.

Please remember, no product, rider, service or strategy is suitable for all clients. It is the responsibility of a registered representative of a broker/dealer to carefully consider the client's needs, objectives, risk tolerance and overall suitability before recommending any product, rider, service, or implementing any strategy.

Guarantees are subject to the claims-paying ability of the issuing insurance company.

Products may not be available in all states. Riders are available for an additional cost, may not be available on all products or in all states and may be known by different names in different states.

The general distributor for variable products is Nationwide Investment Services Corporation, member FINRA. Nationwide annuities and life insurance are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Company, Columbus, Ohio.

FOR BROKER/DEALER USE ONLY – NOT FOR USE WITH THE PUBLIC

LAE-0770AO-BG.54 (11/20)

Nationwide, the Nationwide N and Eagle, Nationwide is on your side, and other marks displayed in this message are service marks of Nationwide Mutual Insurance Company and/or its affiliates, unless otherwise disclosed. Third-party marks that appear in this message are the property of their respective owners. © 2020 Nationwide.

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