Nationwide CareMatters in NY

Nov 26, 2019 • LTCI Partners

Nationwide CareMatters in NY

Long-term care protection from Nationwide^®

Nationwide YourLife CareMatters^® will be 2017 CSO/PBR compliant in New York with no break in availability.¹

Take a look at Nationwide YourLife CareMatters for your clients in New York who are seeking to protect themselves and their families from the costs associated with long-term care (LTC). With it, you can provide them with:

The flexibility of a cash indemnity LTC option:

Clients can choose the care that works for them
Once they qualify for LTC, clients won’t have to submit monthly bills and receipts
Nationwide places no restrictions on how they spend their benefit
Their benefits can be used to pay for informal care from family members²

The protection of a linked-benefit LTC policy that offers:

Premiums that are guaranteed never to increase
Benefits that won’t go down (and can increase with an optional inflation rider)
A guaranteed death benefit, even if LTC benefits are exhausted

To learn more about what Nationwide YourLife CareMatters can offer your clients, visit nationwidefinancial.com/carematters

¹ Illustrative differences may be apparent, but product pricing has remained the same.

² The plan of care prepared by a U.S.-licensed health care practitioner should state that care from family members or other informal caregivers is appropriate. Paying family members or friends can have tax implications, so please have clients consult with their tax advisor.

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

FOR FINANCIAL PROFESSIONAL USE ONLY — NOT FOR DISTRIBUTION TO THE PUBLIC

• 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 particular 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 discuss their specific situation with their financial professional.

All guarantees and benefits of the insurance policy are subject to the claims-paying ability of the issuing insurance company. They are not backed by the broker/dealer and/or insurance agency selling the policy or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims-paying ability of the issuer.

Nationwide YourLife CareMatters is not intended to be a primary source of life insurance protection, so make sure life insurance needs are covered by appropriate products. Be sure to choose a product that meets long-term life insurance needs, especially if personal situations change — for example, marriage, birth of a child or job promotion. Weigh the costs of the policy, and understand that life insurance, and long-term care coverage linked to life insurance, has fees and charges that vary with sex, health, age and tobacco use. Riders that customize a policy to fit individual needs usually carry an additional charge.

Nationwide YourLife CareMatters is a cash indemnity product that pays LTC benefits when the insured person is certified to have a qualifying condition and a need for LTC services. Bills and receipts showing actual expenses do not have to be submitted for payment of benefits once a claim has been approved.

Each year, the policyowner can receive, tax free, the greater of the HIPAA per diem amount or actual LTC costs incurred. However, benefits may be taxable under certain circumstances. Taxpayers should consult with their tax and legal advisors about their specific situation. Benefits under the Acceleration of Life Insurance Death Benefit for Qualified Long-Term Care Services Rider are an advance payment of the policy’s death benefit while the insured is still living. Accelerating the death benefit, along with taking loans and withdrawals, reduces both the death benefit and cash surrender value of the policy. Take care to make sure that life insurance needs continue to be met, even if the entire death benefit is accelerated or if money is taken from the policy. Individual care needs and costs will vary, and there is no guarantee that the policy will cover the entire cost of the insured’s long-term care. Nationwide pays benefits to the policyowner. If the policy is owned by someone other than the insured, there is no guarantee that the policyowner will use the benefits to pay for LTC services.

Approval for coverage under the policy and attached riders is subject to underwriting and may require a medical exam.

Products are issued by Nationwide Life Insurance Company, Columbus, Ohio.

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. © 2019 Nationwide.

FLE-0470AO (11/19)

Email ID: 10856182-EIP33419--384595

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Nationwide CareMatters in NY

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