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Great news... Nationwide has announced a second round of new business price decreases on CareMatters II. Additionally, they have increased the max issue ages for CareMatters I in CA and NY to age 75.
Nationwide® is pleased to announce the following price and product improvements effective November 7, 2022:
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.
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.
Download the transition rules here: [https://nationwidefinancial.com/media/pdf/FLN-0225AO.pdf]
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.
Download the transition rules here: [https://nationwidefinancial.com/media/pdf/FLN-0225AO.pdf]