New, more affordable long-term-care insurance policies may be worth considering, Consumer Reports says. When we designed CareMatters, we designed it with choice, control and flexibility to meet your unique needs. Inflation Protection ( Your Protection Against Future Cost Increases) Inflation protection is a policy … Pacific Life and Lincoln Financial are two of the most established life insurance companies on the market, both with well over 1,000,000 policyholders nationwide. Please complete this form to request complete details, or call 800-510-8810. These numbers reflect that each policyholder has an initial benefit of $164,000, with a daily benefit of $150 and a three-year benefit period. But choosing a good LTC plan is a personal thing. How to get quotes that compare Indemnity & Reimbursement long term care insurance policies. Nationwide is part of Nationwide Mutual Insurance Company, an A.M. Best A+ rated, 94-year-old company. Partners may influence their position on our website, including the order in which they appear on the page. Our in-depth long-term care insurance analysis goes deep into what each company offers to clients along with customer feedback. Different people have different needs based on their age, gender, health status, etc. Top 22 Nationwide Life Insurance Reviews Can you please review the Nationwide YourLife CareMatters Combination Life and LTC policy? Contact Us. The cutting edge Nationwide CareMatters II product joins around ten other linked-benefit HYBRID Long Term Care Insurance policies in the market today. According to the American Association for Long-Term Care Insurance, the average cost of long-term care insurance premiums for a healthy married couple both aged 55 costs $4,826 per year (roughly $400/month). Compensation, along with hours of in-depth editorial research, determines where & how companies appear below. Over the last 85 years, Nationwide has grown from a small mutual auto insurer owned by policyholders to one of the largest insurance and financial services companies in the world, with more than $158 billion in statutory assets. Business Details Location of This Business 5 Concourse Pkwy STE 3000, Atlanta, GA 30328-7106 Email this Business Company Overview. Chances are, you’ll need LTC at some point. This product combines both long-term care insurance and life insurance into one single policy. Products - Asset-based Long Term Care Insurance. Needless to say, Nationwide was in dire need of improving its CareMatters policy with stronger coverage options and lower insurance costs to stay competitive in this long term care insurance marketplace. Get special offers, advice and tips from Retirement Living delivered to your inbox. According to J.D. While these policies themselves offer consumers some flexibility in terms of how they want to deploy their insurance benefits, Nationwide does not offer consumers the option of a stand-alone long term care policy. To find out more about how we make money and our editorial process, click here. Our brand, ConsumersAdvocate.org, stands for accuracy and helpful information. Well, a policy-by-policy comparison, while fast and informative, doesn’t exactly tell the whole story. However, this is common for insurance companies. CareMatters II is a universal life insurance policy with a qualified long-term care insurance rider. In some cases, you are allowed to tap into the benefit to pay for health care. The Nationwide CareMatters II policy is a Hybrid-Combination Life and Long Term Care Insurance (also called Hybrid or asset based) policy. Overall Rating: 4.1 / 5 (Excellent) Nationwide is a solid insurance company, with a good reputation and excellent financials. 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