Beginning November 7, 2022, Nationwide is implementing a second price improvement of 2022 across all scenarios for the current CareMatters II product as part of our commitment to responding quickly to changing economic conditions and delivering value for new policyowners.
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.
Important dates Any policies with an effective date on or after November 7, 2022, will receive the improved pricing. Any new business already at Nationwide will receive the new rate. Please continue to submit applications; all policies will be issued at the new rate on or after November 7, 2022, unless otherwise requested.
See how we’ve improved Here’s an example of how the new rates for CareMatters II compare to the previous price improvement for a 60-year-old woman, couple, nontobacco, 6-year benefit, 3% compound inflation, Maximum LTC Benefit.
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.
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