Planning Tips and Carrier News for Advisors 

CareMatters II now available in Indiana and North Dakota

Posted by LTCI Partners | Dec 12, 2019 10:32:22 AM
 
 
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CareMatters II available in Indiana and North Dakota on December 9, 2019
CareMatters II is a flexible, competitively-priced linked-benefit universal life policy that offers clients:
  • Flexibility through cash indemnity LTC benefits that help clients obtain care where and from whom they prefer
  • Choice of a variety of payment options, including pay to Attained Age 100, making the policy accessible to more clients than ever before
  • Protection from inflation via one of several options, including a 3% compound option and a new U.S. Medical Care Inflation option based on changes in the cost of health care
Nationwide CareMatters II1 is designed to help bring the protection of a linked-benefit policy to a wider range of clients across a variety of ages and financial situations.

Indiana and North Dakota Transition Rules

1 CareMatters II is not yet available in CA and NY. YourLife CareMatters remains available for sale in CA and NY. CareMatters products are not available in MT, GU, PR, and USVI. Check specific firms for availability of products.
 
 
 
 
 
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Important Product Updates – 2019 New and Discontinued Products
Industry-wide, life insurance carriers have been busy making changes to their product suite to ensure compliance with 2017 Commissioners Standard Ordinary (CSO) regulations by the end of the year. In preparation for the transition, Nationwide has put in place guidelines to ensure the best customer experience and compliance to these regulations:

  • Beginning December 9, 2019, Nationwide will no longer accept new business for any life insurance products using 2001 CSO pricing.
  • All new business received prior to this date for 2001 CSO products must be issued by December 31, 2019, or they must transition to a 2017 CSO compliant product.
Please review the transition guidelines so you can plan accordingly for new and existing life cases throughout the remainder of the year. If you have any questions, please contact the Life Solutions Center.
 

Topics: Carrier and Product News, Nationwide

Written by LTCI Partners

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