Protect Your Family & Legacy with Nationwide's CareMatters II

When most people think about long-term care insurance, they envision traditional policies. These plans typically begin covering costs only when you enter a nursing home or require full-time care. Unfortunately, with traditional long-term care (LTC) insurance, if you never utilize the benefits, you lose all the premium dollars you've invested.

But what if you could secure your future with a flexible plan? A plan that’s more accessible and offers a safety net for your family? A plan that guarantees your premium dollars will never be wasted.

Enter Nationwide’s CareMatters II Plan, one of the most advanced options in hybrid long-term care insurance today. This plan combines the security of life insurance with a long-term care rider, offering you a way to care for yourself and protect your legacy. In today’s post, we’ll explore why this product is gaining attention and changing lives.

What Makes Hybrid Long-Term Care Insurance Different?

Hybrid long-term care insurance merges two vital protections into one powerful policy. Nationwide's CareMatters II Plan pairs permanent life insurance with a long-term care benefit you can utilize while still alive. Traditional long-term care policies follow a use-it-or-lose-it model. In contrast, hybrid plans let you access your policy benefits if care is needed. If you don’t use the benefits, your family still receives a death benefit. So, your premium dollars are never wasted.

Transform Existing Assets Into a Long-Term Care Plan That Pays You More

CareMatters II is classified as an asset-based long-term care plan. This means you are essentially repositioning an existing asset, like cash, a CD, or an underperforming annuity, into a policy that can multiply its value. This policy provides tax-advantaged long-term care benefits. You can choose to fund it with a lump sum payment or pay over time through monthly installments for 5 years, 10 years, or until age 65 or 100.

For example: If you fund CareMatters II with a $100,000 lump-sum payment, depending on your age and options selected, you could benefit from $300,000 to $500,000 or more in long-term care benefits. This money is accessible to you tax-free if needed for care. This is a significant advantage for individuals concerned about rising care costs, especially if you want to stay in your home and maintain control over your care options.

Control

Traditional long-term care insurance policies often require you to show receipts for reimbursement. This process can lead to excessive paperwork, restrictions, and limited flexibility. With Nationwide’s CareMatters II, you receive cash indemnity payments — a set amount of tax-free money paid directly to you each month. There’s no requirement to submit bills for reimbursement, nor are there restrictions on who you can pay.

You can use the funds for hiring family members, bringing in private care, or even covering normal household bills. It’s your money, and you can use it as you see fit. This freedom is particularly valuable if you prefer home care over nursing facilities or want to maintain control over how your care is delivered.

Did you know that 88% of older Americans prefer to control their own care, choosing to remain at home?

Guaranteed Premiums and Flexibility

CareMatters II provides various payment options, including single pay, 5-pay, 10-pay, and payments until age 65 or 100. You can choose how to fund it based on your financial goals and timeline. Additionally, once you complete your premium schedule, your benefits are locked in. You won't face surprising premium increases later, a common problem with traditional long-term care policies.

In an industry where traditional long-term care insurance rates have soared, this flexibility is a game changer. You also have the option of inflation protection (3% or 5% compound annually, or CPI-based) to ensure that your benefits grow along with rising care costs.

What Happens If You Never Use Your Long-Term Care Policy?

One of the most impressive features of hybrid long-term care insurance is its ability to protect your family, regardless of whether you need care. If you never use the long-term care benefits, CareMatters II guarantees a death benefit to your heirs. Even if you use the benefits, your family still receives a residual death benefit. There are also return-of-premium options available in case you change your mind or no longer require coverage.

This feature offers a significant advantage over traditional long-term care policies, which often leave nothing behind if the benefits remain unused. By purchasing a Hybrid LTC policy, you can rest assured that your premium dollars are never wasted.

What Makes Nationwide CareMatters II Stand Out

Nationwide is a trusted name in the insurance industry. Their CareMatters II product is backed by strong financial ratings (Nationwide is Rated Either A, A1, or A+ Superior as an insurance company) and maintains a commitment to transparency and service for policyholders.

When compared to other LTC options, CareMatters II offers:

• True cash indemnity payments (No receipts required)

• Flexible premium payment structures

• Built-in inflation protection

• Residual death benefits

• Tax-free LTC benefits

  
  

Nationwide CareMatters II checks nearly every box for those seeking life insurance with long-term care benefits. It's designed not to waste your premium dollars.

Best Hybrid Long-Term Care Insurance Policies in the Market Today

If you're evaluating your options, consider these five top-rated hybrid LTC policies:

1. Nationwide CareMatters II

2. Lincoln Financial MoneyGuard® II

3. OneAmerica Asset Care®

4. Brighthouse SmartCare

5. Securian SecureCare® III

   
   

Each of these policies offers unique features, yet CareMatters II remains at the forefront with its cash indemnity model, customization options, and strong consumer-friendly features.

Quick Poll: We would love to hear from you!

Do You Currently Have Long-Term Care Insurance

• Yes
• No

If You Needed Care, Would You Prefer:

• Care In My Home
• Care In an Assisted Living or Nursing Home Facility
• Not Sure Yet

Final Thoughts

Choosing the right long-term care plan is a crucial financial decision. Nationwide’s CareMatters II offers a modern, flexible, and powerful approach to long-term care planning. It successfully protects your independence, assets, and legacy. If you’re exploring long-term care insurance options, don’t settle for outdated plans.

You may never need care…But, what if you do? 7 out of 10 people age 65+ will need long-term care. Do you have a plan to pay for this care — or will your savings or family bear this cost? CareMatters II provides tax-free benefits for your care if needed or a legacy for your loved ones if not.

Explore the value and peace of mind that hybrid long-term care insurance brings, especially one that includes life insurance along with a long-term care rider and the freedom to use it your way. If you answered "No" to question 1 or "Not sure Yet" to question 2, let's talk. Contact our office today to schedule a "Free 15-minute call" and see if "Hybrid Long-Term Care" aligns with your financial plan.