Beginning June 12, 2023, Nationwide® is implementing a price improvement across all scenarios for the current CareMatters® II product.

There will be a price decrease for all scenarios, which varies by the characteristics of the case.

In addition, to make CareMatters II more accessible to more clients, Nationwide is lowering the current minimum LTC benefit from $2,500 a month to $1,500 a month. South Dakota, Vermont and Wisconsin require higher minimums.

Here are some of the ways in which CareMatters II stands apart from the competition:

  • Cash indemnity benefits mean that the full monthly LTC benefit is available every month
  • Upon completion of the 90-calendar-day elimination period, the LTC benefits for the first 90 days will be paid retroactively along with benefits for month 4
  • The death benefit will never be less than the premiums paid, minus any policy distributions (loans, withdrawals and LTC benefits paid)
  • And even if all the LTC benefits have been used, a guaranteed 20% residual death benefit is paid to the policy’s beneficiaries; this is currently the highest in the industry

CareMatters II policies with an effective date on or after June 12, 2023, will receive the improved pricing.

CareMatters policies do not allow for backdating.


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