CareMatters II available in Arizona and Connecticut on October 7, 2019
CareMatters II is a flexible, competitively-priced linked-benefit universal life policy.
Arizona Transition Rules
Connecticut Transition Rules
CareMatters underwriting updates
In an effort to further streamline the underwriting process for CareMatters, the minimum age for the cognitive screening will be raised from age 5 to age 60 for all states except NY. In addition, outside of the routine process of ordering medical records for California CareMatters cases, the CareMatters Underwriter now has the flexibility to order and pay for a single set of medical records if warranted for a borderline case. The CareMatters Underwriter will identify the borderline cases and offer to order medical records for the possible further consideration. If it is determined that multiple sets of medical records would be needed to develop the history for possible CareMatters consideration, these applications will continue to be a decline for CareMatters under the streamline underwriting process, and any possible further consideration would be on an appeal basis with the medical records and any other supporting information provided at no expense to Nationwide for review.
Upcoming Webinars:
10/17: CareMatters II – Tax advantages and HSA eligibility for the individual
Presented by: Shawn Britt, CLU, CLTC, Director, Long-Term Care Initiatives, Advanced Consulting Group, Nationwide
Nationwide has structured CareMatters II to capture more tax advantages than many other linked benefit and combo LTC products in the industry. Learn how LTC premiums qualify for a tax deduction or HSA eligibility; why taking an HSA distribution to pay LTC premiums may be easier; age base limits and how they apply, and considerations for tax reporting.
Oct. 17, 2019, at 1p.m. CT
Register here: https://register.gotowebinar.com/register/9220851252736092419