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Daily Coverage

Long-Term Care Insurance policies pay a daily amount towards home care, assisted living, or nursing home. Home care is the most common claim, with 75% of claims starting at home.

Plan Duration

Average claim: 2.9 years. Assuming you don’t have a crystal ball, you don’t know how long you’ll need Long Term Care for. The chance of needing Long Term Care is 1 in 2, but the chance of needing it for over five years is much smaller. Like any insurance, you may buy this and never use it, so finding a balance is key.

Return of Premium

Add this option and you’ll be able to leave your beneficiary the total sum of all of your premiums paid, less any claims you’ve made. If the thought of buying this and never using it bothers you, guarantee a return of funds with Return of Premium.

Home Health Care on Day 1

Coverage for care at home is available with no waiting period. This 10-15% extra option is the most popular add-on rider.

Shared Coverage

Women make longer claims than men, on average. Hedge your risk with your spouse by adding a Shared Care rider to your policy.

Inflation Protection

If you're buying this thinking of using in the future, include inflation protection.

Nationwide Destination All American Gold 2.0 Annuity

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This is a deferred variable annuity that comes with various benefits. These include quality investment choices, tax deferral and enhanced protection. Destination All American Gold is an accumulation based product aimed at annuitants up to the age of 85 years looking for future benefits of diversification and with at least $10,000 to invest.

Nationwide Destination All American Gold 2.0 Facts

Mortality, maintenance and administrative charges

The annuitant will be charged a 0.85% mortality charge and a 0.15% administrative charge. A $50 amount will be charged annually as maintenance charge but will be waived once the contract value reaches $50,000.

Issue age

The issue age is 0-85 years for annuitants. Owners may be of any age.

Minimum initial investment

  • Minimum qualified payment- $5,000
  • Minimum non-qualified payment- $3,000
  • Subsequent payment-$500

Underlying investment options

These include fund exchanges, asset rebalancing, dollar cost averaging, one year fixed account and over 100 variable sub-accounts.

Rider availability

Several riders are available with this annuity.

  • Nationwide Lifetime Income Rider
  • Nationwide Lifetime Income Capture Rider
  • Nationwide Lifetime Income Track Rider
  • Enhanced death benefit riders
  • Beneficiary protector rider

Surrender charges

Also known as CDSC charge, this will be a declining charge for each subsequent year for withdrawals exceeding the free withdrawal amount. The charge is a percentage charged on withdrawals above the free value amount. This starts at 7% for the first year then 7%, 6%, 5%, 4%, 3%, 2% and eventually 0%. The exact amount charged will be the percentage multiplied by the amount above the free withdrawal figure.

Free withdrawals

For the Destination All American Gold 2.0 annuity, annuitants can withdraw up to 10% of their contract value each year on a non-accumulative basis or the amount of the required minimum distribution.

Death benefit

The death benefit will be the return of contract value with no additional costs. However, the annuitant can purchase the spousal protection death benefit rider, return of premium death benefit rider or the enhanced surrender value for terminal illness rider.


The annuity provides waivers for withdrawals made in case an annuitant encounters a long-term care or is diagnosed with a terminal condition from which they are not expected to recover. These are not available in all states.

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