Nationwide-Care Matters

Discussion in 'Long Term Care Insurance Forum' started by Arthur Rudnick, Apr 27, 2017.

  1. Arthur Rudnick
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    Arthur Rudnick Moderator Moderator

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    Nationwide's Care Matters was just approved in NY.
    Cash Benefit vs Money Guard's Reimbursement.
    Life Pay, 10-Pay and 1-Pay

    Thoughts on this product?
     
  2. Mr_Ed
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    Mr_Ed Well-Known Member

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    it has a lifepay?
     
  3. Arthur Rudnick
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    Arthur Rudnick Moderator Moderator

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    Yes sir...........

    I believe NJ has as well.
     
  4. ltcadviser
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    ltcadviser Well-Known Member

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  5. Arthur Rudnick
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    Arthur Rudnick Moderator Moderator

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    Thanks Jack,
    So, you think that a trade off of a cash benefit for overall higher benefits on a reimbursement policy from other carriers is not equal value.

    I tend to agree with you. In NY it's only Money Guard & Nationwide.......
     
  6. ltcadviser
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    ltcadviser Well-Known Member

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    Well, hopefully you get OneAmerica by 2022.
     
  7. yankee466
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    yankee466 Well-Known Member

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    Last time I looked it only had single pay, 5 or 10 pay....no lifetime pay. At least here in Georgia, unless I missed something...but within the 5/10 years, you can make monthly payments.
     
  8. brookfieldpartners
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    brookfieldpartners Well-Known Member

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    Correct - single - 5 pay and 10 pay.
     
  9. Arthur Rudnick
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    Arthur Rudnick Moderator Moderator

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    originally posted by yankee446

    Herman,
    I stand corrected..............
     
  10. yankee466
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    yankee466 Well-Known Member

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    What I do not know about them is their UW process. MG is just phone interview, PacLife I believe pulls APS. Sometime you have to go with the one most likely to make an offer. Likely Jack can answer this. Else, you really have to like cash to choose this product.
     
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