Adding a long-term care rider to a Nationwide life insurance policy will allow you to accelerate your death benefit to pay for potential long-term care expenses. Nationwide places no restrictions on how LTC benefits can be used, so in addition to services such as home health care, assisted living or a nursing home, you may use benefits to pay family members or less expensive unlicensed caregivers to provide care.

How does a long-term care rider work?

You select the long-term care amount when you buy your policy. Benefits are paid income tax-free after qualifying requirements are met.1 

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.2 If you do need long-term care, your beneficiaries will still receive the greater amount (less any policy debts) between:

  • Any unused long-term care benefits OR
  • 10% of the base policy’s specified amount (thanks to the guaranteed minimum death benefit)

For specific details, please refer to the product prospectus.

Available products

[1] You may receive, tax free, the greater of the HIPAA per diem in the year of your claim or your actual qualified LTC expenses incurred.

[2] LTC benefits may be taxable under certain circumstances. Rules applicable to long-term care products are complex. Please consult your tax advisor.

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.

Nationwide YourLife is a service mark of Nationwide Mutual Insurance Company.