Due to the continuing low interest rate environment and recent market volatility, Nationwide is making the following two changes to our CareMatters I (NY and CA) and CareMatters II products:

• Reducing the product’s maximum issue age to 69 from 75, effective April 17^th
• Reducing the credited interest to 2.00% from 2.25%, effective April 1^st
  • (Note this change will have no impact on any illustration’s benefits or policy values, as all illustrations reflect the guaranteed minimum rate of 1.00%.)

Transition rules: Any application intending to issue on an insured age 70-75 must be signed and received in good order at Nationwide by April 17^th, and in-force and funded by May 29^th.

The change to our maximum issue age will be reflected in our illustration software beginning April 3^rd.

Although the current market environment requires these changes, as a conservative, mutual insurance company, Nationwide is well-positioned to meet our members’ needs. As always, we actively monitor our product portfolio and will notify you of specific product and pricing changes as soon as we can.