Long Term Care Rider Ι Nationwide.com

Learn How This Rider May Help You Manage
Long-Term Care Expenses

Think you don’t need long-term care insurance? Think again.

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You’d never consider going without homeowners or auto insurance − why leave a much more likely risk to chance?

Learn how Nationwide life insurance with a long-term care rider can help you address these potentially devastating expenses.

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When you add the long-term care rider to your policy, any payout is an acceleration of your life insurance death benefit.

You select the long-term care specified amount when you buy your policy.
The long-term care benefits are paid income tax free after qualifying requirements are met.
If you never need long-term care, your beneficiaries will receive an income tax-free death benefit as long as your policy remains in force.
If you do need long-term care, your beneficiaries will still receive the greater of any unused long-term care benefits or 10% of the based policy’s specified amount (less any policy indebtedness) thanks to the guaranteed minimum death benefit.

Long-Term Care Benefits

Private health insurance	Only pays for skilled care, where the patient shows signs of improvement.
Medicare	Covers the costs of long-term care temporarily, up to 100 days in a skilled nursing facility after a hospitalization of three days or more, after a three consecutive day stay under treatment in a hospital. After 20 days, the patient incurs a $148.00 co-pay (2013).
Medicaid	Requires a person to spend down or have countable assets of $2,000 or less (depending on the state), to receive long-term care.²
Social Security	Does not provide any sort of special funding.

If you are applying for this auto loan refinance with another person, you will need to have that person’s ID and residence information, too.

When you add long-tem care rider to a Nationwide life insurance policy, you create a plan that helps you:

Maintain control by helping you manage long-term care expenses and use excess funds any way you wish
Protect your family from financial hardship if there’s an extended need for long-term care, and leave them an inheritance if rider benefits are not needed or are completed used up

And it’s all backed by the strength and stability you can only get from Nationwide.

Long-term care 5-minute guide

Find out more about the Nationwide long-term care rider with this brochure.