[VIDEO] Is the Nationwide CareMatters Together Hybrid Life and Long Term Care Insurance Policy as Good as It Sounds?

Introducing a new Hybrid Life and Long Term Care (LTC) Insurance Policy with cash benefits for couples. It has guaranteed premiums with guaranteed benefits.

With Hybrid LTC policies the benefits and premiums are guaranteed.? The insurance company either: 1) pays you if you need LTC, 2) pays your heirs if you do not need LTC, 3) pays you and your heirs if you need a modest amount of LTC or 4) pays you a refund if you cancel the policy.

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Nationwide CareMatters Together is Unique Because It is a Shared Hybrid Life and LTC Policy.? There are two primary ways of insuring individuals with Hybrid Life and LTC policies.? Individual Hybrid policies pay LTC benefits and/or a death benefit when you die.? Shared (also called joint or second to die or survivorship) Hybrid policies pay LTC benefits to both policyholders and/or a death benefit when the last person (survivor) dies.

Nationwide CareMatters Together is Unique Because It is a Cash Indemnity Policy.? There are two primary benefit payment methods among LTC policies.? Reimbursement policies, the most common type of policies, require you to submit documentation of all expenses for reimbursement up to your monthly LTC benefits.? Cash Indemnity policies pay up to your monthly LTC benefit, regardless of your expenses.

Nationwide CareMatters Together is Unique Because It Pays for Formal and Informal Care from Family and Friends.? Most LTC policies prohibit informal care, particularly if the care is provided by family members. The Nationwide CareMatters Together policy allows you to use formal care providers (home care agencies or facilities) and informal care providers, including family and friends.? Since informal care providers can be much less costly, you can obtain significantly more care with a lower monthly benefit.? This is very valuable for home care.

Aaron Skloff,?Accredited Investment Fiduciary (AIF), Chartered Financial Analyst (CFA) charter holder, Master of Business Administration (MBA), is the Chief Executive Officer of Skloff Financial Group, a Registered Investment Advisory firm. The firm specializes in financial planning and investment management services for high net worth individuals and benefits for small to middle sized companies. He can be contacted at www.skloff.com or 908-464-3060.