4.6
based on complex data
Annuity Educator Rating
Annuity review
Nationwide CareMatters Annuity
The Nationwide Life & Annuity Insurance Company, established in 1981, is an affiliate of Nationwide Mutual, a first-rate financial services provider. Carrying similar objectives, this company specializes in the retirement sector, offering both annuities and life insurance policies in order to help retirees achieve financial comfort in their golden years.
Nationwide CareMatters Annuity
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About Product
Type
Fixed Index
Purpose
Long-Term Care
Term
10 Years
Surrender schedule
9%
8%
7.5%
6.5%
5.5%
4.5%
3.5%
2.5%
1.5%
0.5%
Fee withdrawal:
10%
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$36,000
Maximum Contribution
$400,000
Max Age Qualified
80
Types Of Funds
Non-Qualified, and 1035 Exchange
Launch Date
10/13/2025
Nationwide CareMatters Annuity Long-term care (LTC) coverage on a single-premium deferred fixed annuity chassis, for nonqualified funds only
Long-term care basics
What it is Long-term care includes a variety of services that can help if you lose the ability to independently perform at least 2 activities of daily living (ADLs) for at least 90 days or have severe cognitive impairment.
Where it can take place Planning now can give you more freedom in the future to get care where you prefer, such as in your own home, an assisted living facility, adult day care, a nursing home or alternative care services.
Why Nationwide CareMatters Annuity?
We created Nationwide CareMatters Annuity as a simple way to help you maximize your assets for LTC coverage, while protecting the other resources you’ve built for retirement or your legacy. We’ll explain all the details and how it works, but below are 3 important benefits that CareMatters Annuity offers:
Long-term care basics
What it is Long-term care includes a variety of services that can help if you lose the ability to independently perform at least 2 activities of daily living (ADLs) for at least 90 days or have severe cognitive impairment.
Where it can take place Planning now can give you more freedom in the future to get care where you prefer, such as in your own home, an assisted living facility, adult day care, a nursing home or alternative care services.
Why Nationwide CareMatters Annuity?
We created Nationwide CareMatters Annuity as a simple way to help you maximize your assets for LTC coverage, while protecting the other resources you’ve built for retirement or your legacy. We’ll explain all the details and how it works, but below are 3 important benefits that CareMatters Annuity offers:
- Simplicity With a single payment and/or an exchange of an existing nonqualified annuity, you can receive double or triple your contract value for LTC expenses.
- Guarantees A guaranteed fixed crediting rate provides you with a guaranteed LTC benefit. And if you never need care, any remaining contract value is available to your beneficiaries as a death benefit.
- Flexibility Cash indemnity benefits put you in control to choose the care that works best for you, without the need to submit monthly bills and receipts.
Available in states:
AL, AK, AZ, AR, CO, GA, HI, ID, IL, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NV, NH, NM, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| Guaranteed Fixed Account |
Fixed
|
3%
Fixed
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Long-Term Care Benefits Rider | Yes |
Waivers
RMD
The product includes Penalty-Free Withdrawal Provisions for RMD.
Premium Notes
Minimum and maximum premium
- Minimum: $36,000 (may vary by state)
- Maximum: $400,000
Payment/1035 options
The contract owner has the option to pay a lump-sum premium, 1035 exchange a currently owned nonqualified annuity or life insurance policy, or a combination of those options.
The contract owner has the option to pay a lump-sum premium, 1035 exchange a currently owned nonqualified annuity or life insurance policy, or a combination of those options.
Withdrawal Provisions
Free withdrawals10% of the beginning of year contract value, available starting year 2.What is the difference between cash indemnity and reimbursement plans?Reimbursement policies reimburse only the actual cost of qualifying care expenses. To determine the amount of the reimbursement, all bills and receipts need to be turned in each month.By contrast, Nationwide CareMatters Annuity is a cash indemnity contract, meaning there’s no need to go through a monthly process of submitting bills and receipts. Instead, once the claim is approved and the 90-day elimination period has been satisfied, the full available monthly long-term care (LTC) benefit can be accessed.
Company Founded: 1981
TOP Rated
Company
Company Ratings
4.8
- A.M. Best A+
- S&P A+
- Moody's A1
- Comdex 90
Assets: $50,870,609,500
Ohio
