October 2025 Industry News and Updates

Nationwide launches CareMatters Annuity to Address Growing Long-Term Care Concerns

10/13/25:  Nationwide, launches CareMatters Annuity:  allowing clients to make a one-time payment, converting an existing non-qualified annuity or life insurance policy into LTC coverage…

• Simplicity — With a single payment, and/or an exchange of an existing non-qualified annuity or life insurance policy, individuals can receive triple or double their contract value for LTC expenses.
• Guarantees — A guaranteed 3% fixed rate provides guaranteed LTC benefits. If care is not needed, any remaining contract value is available to beneficiaries as a death benefit.
• Flexibility — Cash indemnity benefits empower individuals to choose the care that works best for them. Once qualified, they receive 100% of their monthly cash benefit, with no need to submit bills or receipts and no restrictions from Nationwide on how they use their monthly LTC benefits.

Important update: New Flex Underwriting process for OneAmerica Asset Care - NewmanLTC

9/22/25:  One America, launches Flex for Asset Care — our modernized new-business and underwriting platform that streamlines the way applications are submitted, reviewed, and approved.

• Faster decisions – Enhanced straight-through processing keeps simple cases moving, while underwriters focus on more complex ones — with some cases eligible for same-day approval. 
• Enhanced process without an interview – Fluidless underwriting no longer requires phone interviews to complete the Part 2 medical questions, speeding up applications.
• Smarter applications – Reflexive medical questions reduce unnecessary follow-ups, while real-time ID verification catches errors early.
• Automated ordering – Paramed exams and labs are triggered automatically when necessary, avoiding duplication and delays.
• Streamlined signatures – E-signature enhancements make the process smoother, especially for joint applicants.
• Upgraded cognitive testing – The Enhanced Mental Skills Test (EMST) provides a more reliable measure during both fluidless and full underwriting.