Beginning July 11, 2022, Nationwide will be implementing a price improvement across all scenarios for the current CareMatters II product, in addition to increasing our maximum issue ages for some scenarios.
These changes do not apply to Nationwide CareMatters in New York and California.
The price improvement is an average 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 changes
The maximum issue ages for CareMatters II will also be increasing from 70 to 75 for Single Pay, 5-Pay, and 10-Pay cases when electing our Minimum Refund of Premium with Maximum LTC.
Any policies with an effective date on or after July 11, 2022, will receive the improved pricing.
Normal CareMatters backdating rules apply.