Nationwide CareMatters® II
Long-term care · Nationwide Life and Annuity Insurance Company
Life insurance with long-term care benefits: money for care if you need it, and a death benefit for your family if you don't.
Highlights
- Monthly cash benefit once a claim is approved, with no bills or receipts required
- Benefits can pay for any care, including family caregivers
- Pay all at once, over 5 or 10 years, to age 65, or to age 100
- Benefit periods of 2 to 7 years
- Optional inflation protection: 3% simple, 3% compound, 5% compound or linked to medical inflation
- A guaranteed death benefit remains even if all care benefits are used; return-of-premium options available
- Issue ages 30 to 75
CareMatters II is a hybrid policy that combines life insurance with long-term care benefits. Once a claim is approved it pays a monthly cash benefit you can spend on any kind of care, including care from family members, with no bills or receipts to submit. If you never need care, your beneficiaries receive a death benefit.
Features as announced by Nationwide; confirm current features and availability in Virginia and Colorado with your advisor. Figures as of October 23, 2026. Source: Nationwide.
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Long-term care benefits are paid only when you meet the policy's benefit triggers, generally needing help with at least two of six activities of daily living or having a severe cognitive impairment, as certified by a licensed health care practitioner, and after any waiting (elimination) period. Benefits are subject to the policy's limits and exclusions. Coverage requires health underwriting.
Premiums for traditional long-term care insurance are not guaranteed and may increase with state approval. Hybrid life and long-term care policies use the death benefit to pay for care; benefits used for care reduce the death benefit. Guarantees are backed by the claims-paying ability of the issuing insurer.
Product features and availability vary by state. Company and plan names are trademarks of their owners; Skyway FinTech LLC is an independent agency and is not affiliated with these companies. See the outline of coverage for complete details.