Nationwide Launches CareMatters Annuity; AllianceBernstein Adds Fixed-Annuity to Secure Income Platform

Nationwide has launched the Nationwide CareMatters Annuity, offering clients flexible options to fund long-term care (LTC) coverage through a single payment, converting existing annuities or life insurance policies, or a combination thereof. This annuity features a guaranteed 3% fixed crediting rate, potentially allowing clients to access two to three times the contract value for LTC expenses. The product provides unrestricted monthly LTC benefits payable without requiring receipts, covering care from family, friends, or international caretakers, with any remaining contract value payable as a death benefit.