Nationwide CareMatters Together is a long-term care coverage for 2 people that is linked to a fixed-premium universal life insurance policy and includes a death benefit. It provides FLEXIBILITY to you when it comes to covering potential long-term care costs. This product differs from other long-term care policies in the following ways.
- CareMatters Together allows you to pay an informal caregiver, such as a family member, friend or neighbor. Other policies may limit or even not allow unlicensed caregivers.
- With CareMatters Together, Nationwide pays 100% of the monthly cash benefit. Plus you can pay for your care as you see fit. Any money left over can be spent on other expenses or even saved for future use. With reimbursement policies, only qualifying expenses are reimbursed; nothing extra is paid.
- CareMatters Together does not require you to submit monthly bills and receipts, once qualified. Other polices require that you submit bills and receipts monthly; then you have to wait and see what the policy covers.
- With CareMatters Together, even if you use every dollar of the money earmarked for long-term care health scare costs, your beneficiary will still receive a 10% minimum death benefit – guaranteed.