Do you have CDs or other investments like money markets, mutual funds or any cash value life insurance?
Are you happy with the rates or way they are performing?
Is your intent to leave it for your children, but want it there in case you need it for long term care?
Certificates of Deposit are generally considered liquid assets and are used for
short-term durations. CDs are insured by the FDIC for the timely payment of interest,
and if held to maturity, provide a guaranteed return of principal and interest. Annuities
are long-term accumulation vehicles designed for retirement and have limitations;
fixed annuity principal and interest rate guarantees are subject to the claims-paying
ability of the issuing insurance company.
INTORDUCING YOUR LIFE CareMatters®
LTC coverage options:
A look at two common types of coverage: linked benefit and stand-alone
There are several different types of LTC coverage in the market place. Two of the most common are linked benefit policies and stand-alone insurance policies. Nationwide YourLife CareMatters is linked benefit LTC insurance solution. You can earmark funds and if you never need care with Nationwide YourLife Care Matters, beneficiaries receive a death benefit equal to or great than the premiums paid into the policy. So the $$ earmarked for "what if" aren't lost on premiums and they could pay, more than you paid in. It's designed for choice, control and flexibility. Keep in mind that since everyone's LTC needs are different, Nationwide YourLife CareMatters isn't guaranteed to cover all of your LTC cost, but it can give you a significant amount of coverage for your premium. Call or email to receive more details.
When choosing a product, make sure that life insurance and long-term care insurance needs are met. CareMatters is not intended to be a primary source of life insurance protection, so make sure life insurance needs have been covered by appropriate products. Because personal situations may changes (i.e., marriage, birth of a child or job promotion), so can life insurance and long-term care insurance needs. Care should be taken to ensure these strategies and products are suitable. Associated costs, as well as personal and financial objectives, time horizons, and risk tolerance should all be weighed before purchasing CareMatters. Life insurance, and long-term care coverage linked to life insurance, has fees and charges associated with it that include: costs of insurance which varies based on characteristics of the insured such as gender, tobacco use, health and age; and additional charges for riders that customize a policy to fit individual needs.
Approval for coverage under the policy and attached LTC riders is subject to underwriting and may require a medical exam.
Worried about out living your money:
INTRODUCING NEW HEIGHTS® FIXED INDEX ANNUITY
Nationwide New Heights® Fixed Indexed Annuity with Nationwide High Point® 365 provides two powerful ways to increase guaranteed lifetime income.
What is a Fixed Indexed Annuity?
An fixed indexed annuity is a contract you buy from a insurance company to help you potentially accumulate assets for retirement. It offers returns based on the changes in an index, such as the S&P 500® Composite Price Index.
Regardless of index performance, indexed annuity contract values will not be impacted by negative index returns.
The retirement dilemma, As retirement draws nearer, many of us reach a point when we begin to wonder how we'll generate income and if that income will be enough to carry us through retirement. If you're invested in equities, it's natural to consider what impact a major downturn could have on your retirement. In today's low interest rate environment, are your fixed interest options providing enough growth to fund a retirement that could last 25 years or more?
Nationwide High Point 365 Lifetime Income Benefit rider, available for an additional cost with Nationwide New Heights Fixed Indexed Annuity, may help address some of these concerns and be an important part of your long-term retirement plan by offering:
*Protection - your retirement savings are protected from a potential decline in the market
*Growth - opportunity for earnings based on the performance of an underlying index
*Income - guarantee a source of income you cannot outlive
High Point 365's lifetime income benefit includes:
*Guaranteed annual increases to lifetime payout percentage up to 16%
*Guaranteed lifetime income that will never decrease due to index performance
*Guaranteed income for both spouses when you choose the joint option
To find out more or to see if this makes sense for you,
schedule a visit with us.
Guarantees and protections are subject to the claims paying ability of the issuing insurance
Nationwide New Heights, an individual, single purchase payment, deferred fixed index annuity is issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio. The contract does not directly participate in the stock market or any index. Withdrawals are subject to income tax, and withdrawals before age 59½ may be subject to a 10% federal tax penalty. Also, please note that Annuities have limitations. They are long-term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses or to fund short-term savings goals. For more information, please visit nationwidenewheights.com.