Nationwide Long Term Care Life Insurance Approved in California
Nationwide Long Term Care Life Insurance
We are pleased to announce that Nationwide Insurance YourLife CareMatters long term care life insurance policy is newly approved in California. This innovative long-term care (LTC) hybrid policy provides LTC coverage along with a death benefit and gives you the flexibility you need to plan for potential LTC expenses.Here are some of the unique benefits of this long-term care life insurance plan:
Benefits of Long Term Care Life Insurance From Nationwide
Cash Indemnity Long Term Care Benefits
• The entire monthly LTC benefit is paid to the policyowner every month
• Nationwide places no restrictions on how you use your LTC benefits
• Even family and friends can be paid to provide care
• The policy can be owned by an irrevocable life insurance trust
Other linked benefit long-term care policies provide reimbursement benefits. With reimbursement benefits, bills and receipts must be submitted to the insurance carrier for approval. The insurance company then reviews the claim and reimburses the exact amount of approved expenses up to the amount of the monthly benefit.
Guaranteed Level Long Term Care Premiums
Some consumers have concerns about rising premiums and the “use it or lose it” design of traditional long-term care insurance. With Nationwide’s YourLife CareMatters, premiums are guaranteed to never increase. And there’s an extra level of comfort in knowing that your LTC premiums will be returned in one of the following ways:
• Long-term care benefits
• A death benefit
• A combination of LTC Benefits and death benefit
• Return of premiums
Nationwide Insurance Financial Ratings
Nationwide Insurance is a strong and stable company that’s been in business for more than 90 years. Nationwide is a Fortune 100 company with $26 billion in operating revenue in 2015 and consistently high ratings and rankings from the major ratings agencies. When you do business with Nationwide, you can have confidence that they’ll stand behind their promises.
Nationwide Financial Ratings:
Get A Long Term Care Life Insurance Quote
If you’re considering protecting yourself from potential long-term care costs, we suggest including the Nationwide long term care life insurance policy in your comparison. Please complete this form to request complete details, or call 800-510-8810.