Long-Term Care Rider

A growing need

People are living longer. Medical costs are rising. Help protect yourself by adding a long-term care rider to a Nationwide^® variable universal or universal life insurance policy.

The Nationwide^® long-term care rider allows you to tap into your life insurance policy’s death benefit to pay for qualifying nursing home care or home health care expenses. Any amount used for approved long-term care expenses will reduce the policy’s death benefit.

How does it work?

When you add this rider to your policy and keep it active by making the necessary premium payments, your benefit is always paid − either via long-term care payments or as a legacy for your loved ones.

Our long-term care rider provides monthly benefits for nursing home care or home health care of the person whose life is covered by the policy. The benefit is paid whenever qualifying conditions and the 90-day waiting period, known as the elimination period, are met. Benefit payments under this rider reduce the policy's death benefit.  

Keep in mind that as an acceleration of the death benefit, the LTC rider payout will reduce both the death benefit and cash values. Make sure that your clients' life insurance needs continue to be met even if the rider pays out in full. There is no guarantee that the rider will cover the entire cost for all of the insured's long-term care as these vary with the needs of each insured.

Want more details?

Get a full overview of the Nationwide long-term care rider (PDF).

Find out how the smart value of the long-term care rider lets you use your life insurance in two ways (PDF).

The Nationwide long-term care rider, offered at an additional cost, is not available in all states. The name of the rider may not actually be long-term care rider in certain states.

Protections and guarantees are subject to the claims-paying ability of the Nationwide Life Insurance Company. They do not apply to the investment performance or safety of the underlying investment options.

Optional riders are only available through the purchase of a universal life or variable universal life product.

PDFs require Adobe^® Reader^®

NFW-1440AO.2