Nationwide® is committed to carefully managing our life product portfolio to remain the strong, stable carrier you can rely on. To keep this commitment – and in response to the extremely low interest rate environment and unprecedented volatility in the markets – we are repricing our No-Lapse Guarantee (NLG) UL product and adjusting the fixed account rate, maximum face amount and upper age limit on select products.
Change in Maximum Issue Age for CareMatters® effective April 3, 2020 Beginning April 3, 2020, the maximum issue age will be 69 for all versions of Nationwide CareMatters. To be issued for the older (previous) ages:
The applications must be signed, in good order and received at Nationwide by April 17, 2020.
The policy must be funded and in-force by May 29, 2020. CareMatters issue ages are shown below.
Nationwide CareMatters® II (All states except CA and NY)
All benefit periods:
• Single, 5, and 10-pay = ages 30-69
No maximum age changes:
• Pay to Attained Age 65 = ages 30-54
• Pay to Attained Age 100 = ages 30-65
Nationwide YourLife CareMatters® California
All benefit periods and payment options = ages 40-69
Nationwide YourLife CareMatters® New York
5 and 10-Pay Options
• All benefit periods = ages 40-69
No max age change on single pay options:
• 2 and 3-year benefit period = ages 40-69
• 4, 5, 6, and 7-year benefit periods = 40-67