Nationwide is committed to carefully managing our life product portfolio to remain a strong, stable carrier you can rely on. To keep this commitment – and in response to the sustained low interest rate environment and regulatory updates – Nationwide will implement pricing updates to Nationwide CareMatters® II. This is a change to premiums and Guaranteed Cash Value tables only.

There are no changes to the product structure, contract language, forms, or types of benefits provided. There is no change to in-force policies because of this update.

Product Changes

We took a surgical approach in determining premium changes to ensure Nationwide remains competitive in our target market. Within our target market, ages 40 to 65, we chose to remain very competitive on multi-pay premium policies, specifically those with 3% compound inflation protection.

Effective January 11, 2021, for new business within our target market, you can expect the following premium increases, on average:

3% Compound Inflation                No Inflation

  • Single Pay:                         8%                                                       11%
  • Multi Pays:                         11%                                                    16%

(Couple, Nontobacco, Minimum Refund of Premium with Maximum LTC Benefit option)

Premium changes outside of our target market will vary based on the characteristics of your case.

We have also increased the Guaranteed Cash Value tables as a part of this product update. For new business, you can expect the following increases to Guaranteed Cash Value tables, on average:


Policy Year 20                   Policy Year 25                   Policy Year 30

8%                                        6%                                        4%

Increases will also vary by age and underwriting class.

While current interest rates and economic conditions necessitate these changes, Nationwide is committed to offering competitive long-term care solutions for you and your clients.

Transition Guidelines

Effective January 11, 2021, Nationwide is repricing the Nationwide CareMatters II product for all new business.
Important Dates:

Application Signed Date
Sunday, January 10, 2021
“In Good Order” applications must be signed by January 10, 2021 to receive the old pricing (pre-January 11, 2021 pricing). Applications signed after this date will receive the new pricing. A Policy Date of January 10, 2021 or prior will be applied to the policy once issued if the additional criteria below are met. These same rules apply to pending cases as well.
Application Received Date
Friday, January 22, 2021
Applications signed by January 10, 2021 must be received at Nationwide no later than January 22, 2021 in order to receive the old pricing.
Funding Deadline
Friday, March 26, 2021
Applications signed by January 10, 2021 and received by January 22, 2021 must be in force and funded, or in the case of 1035 exchanges requested by March 26, 2021.

*For applications signed January 11th, 2021 or later please be sure you have a current sales proposal. Use the following link for a current version:

Reminder – backdating prior to the application signed date is not permitted on the Nationwide CareMatters II product for any reason.

Underwriting Deadline

Sunday, January 10, 2021
  • Last day to reopen a current Nationwide CareMatters II application that was closed due to outstanding underwriting requirements or was considered “Not Taken.”
  •  If not reopened by this date, it will be considered an application for the newly priced Nationwide CareMatters II product, regardless of the original application date.


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