If you are at or near retirement age you may be worried that long-term care or extended care costs have increased over the last ten years and are continuing to increase.
So, having a plan to address these costs should be included in every retirement strategy.
It’s long-term care coverage linked to a fixed-premium universal life insurance policy that includes a death benefit. Learn more about how it works.
You won’t have to submit bills and receipts to Nationwide and wait to get reimbursed. There are no restrictions on how benefits can be used.
Your premium is guaranteed never to increase. Plus, your LTC benefits are guaranteed never to decrease.
If you never use your LTC benefits there is a death benefit to leave to beneficiaries. Even if you use all your LTC benefits, there is a guaranteed minimum death benefit.
For individuals nearing retirement, the rising concerns about increasing long-term care expenses call for a thoughtful addition to their retirement strategy. Hybrid insurance plans, such as Nationwide CareMatters® II, offer a solution that combines extended care coverage with accessibility, allowing for withdrawals if not needed. This unique insurance plan connects long-term care protection with a fixed-premium universal life insurance policy, ensuring a death benefit while addressing potential care costs.
If you’re seeking a comprehensive approach to long-term care coverage, exploring Nationwide CareMatters® II could be a valuable step in your retirement planning journey. Contact us here.
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