Nationwide® is pleased to announce the following price and product improvements effective November 7, 2022:
- Additional price improvements on Nationwide CareMatters® II
- Maximum issue age increase for YourLife CareMatters® (CA and NY)
- Price improvements on No-Lapse Guarantee Universal Life II
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, in addition to an increase in the maximum issue age for YourLife CareMatters in CA and NY.
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.
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.
Price improvements on No-Lapse Guarantee Universal Life II
Beginning November 7, 2022, Nationwide is implementing a price improvement across all scenarios for the current No-Lapse Guaranteed UL II product. These changes do not apply to No-Lapse Guarantee UL II in New York. The price improvement is a price decrease for all no-lapse guarantee solve scenarios. The typical price decrease will range from 5% to 15%; however, the percent decrease varies by the characteristics of the case.