Nationwide CareMatters Together℠ Launch — June 12, 2023

On June 12, 2023, Nationwide® is introducing Nationwide CareMatters Together℠, our new linked-benefit solution offering long-term care coverage to couples or 2 individuals with an insurable interest in each other.

Designed for couples ages 30 to 70, Nationwide CareMatters Together offers policy owners the flexibility to use their pool of LTC benefits entirely by 1 person or shared between the 2 insureds in any combination.

CareMatters Together offers a shared pool of benefit dollars with multiple guarantees: level premium, cash indemnity LTC benefit, second-to-die death benefit, and a full waiver of premium when LTC benefits are being paid.

As with all CareMatters products, the LTC benefit is cash indemnity; that is, Nationwide pays the full monthly LTC benefit and places no restrictions on how the benefits are used. This helps clients pay for their long-term care the way they want it.

Learn more about the launch here.

Nationwide CareMatters^® II Product Updates – June 12, 2023

Beginning June 12, 2023, Nationwide is implementing a price improvement across all scenarios for the current CareMatters II product. There will be a price decrease for all scenarios, which varies by the characteristics of the case.

In addition, to make CareMatters II more accessible to more clients, Nationwide is lowering the current minimum LTC benefit from $2,500 a month to $1,500 a month. WI, SD, and VT require higher minimums.

Please see the attached for more details and the applicable states where this change is taking effect.

Nationwide YourLife CareMatters^® (NY) – Rate class update

Effective June 12, 2023, all CareMatters applicants in New York will receive Preferred rate classes. From that date the Single rate classes will no longer be offered. Preferred rate classes are equal to the Couple rates, and all applicants will be eligible for these rates, regardless of marital, civil union, or domestic partnership status. Policies issued on or after June 12, 2023, will receive Preferred rate classes.

The only available classes will be:

• Preferred Nontobacco
• Preferred Tobacco

You will continue to see the Couple rate classes referenced on the Life Pending Tracker, but customer-facing communications will display as Preferred.

Another 0.25% fixed rate increase in Nationwide IUL and VUL products effective July 1, 2023

Thanks to Nationwide’s strength and stability, a better interest rate environment and continued customer focus, our policyholders will soon benefit from another increase in our IUL and VUL fixed interest crediting rates. On April 1, 2023, we raised the rate by 0.25% in our 2020 IUL products. Now we are again increasing the fixed rate by 0.25% but this time across all our IUL and VUL products. Effective July 1st, 2023, the new fixed interest rates will be:

Currently selling products

Nationwide IUL Accumulator II 2020 & IUL Protector II 2020: 3.00%

• New York only — Nationwide YourLife IUL Accumulator & IUL Protector: 2.75%
• Nationwide Survivorship IUL 2020: 3.00%
• Nationwide VUL Accumulator and VUL Protector: 2.75%

Products closed to new business

• Nationwide IUL Accumulator II and IUL Protector II (2018): 2.75%
• Nationwide YourLife IUL Accumulator and IUL Protector (2015): 2.75%
• Nationwide YourLife IUL (2011): 3.25%
• Nationwide Survivorship IUL (2019): 2.75%

Nationwide^® Guaranteed Level Term We offer more — at a competitive price (2015): 2.75%

Check out our revamped marketing materials! You’ll see that our Nationwide^® Guaranteed Level Term life insurance costs less than you may think, and you get more than you might expect. Get the details in Why Nationwide for term, Nationwide Guaranteed Level Term case study, and Your home is your family’s foundation — term mortgage brochure.

Now available: Three new forms for DocuSign

Nationwide is always striving to make it even easier for you to do business with us. Now, submitting Life business electronically to Nationwide is more convenient than ever, with three new forms available that you can partially complete for your clients. You now have access to these additional forms with DocuSign capabilities:

• Life Application for Change of Beneficiary Designation (LAFF-0119AO)
• Request for Designation of Owner and/or Contingent Owner (Life-1112)
• Request for Change of Name or Address (VLOB-0179)

These forms will follow the same processes as currently available forms with DocuSign capabilities.