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Reading this panel, I came to the conclusion that Tobi is trying to do something that could result on his own death, thus he needs Nagato's ability.
But what exactly is it? I don't think he was just taking precaution in case he dies in an incident. Perhaps to activate the Mugen Tsukuyomi you must sacrifice yourself? Or is it just risky to put the Juubi on your own body?
I don't think he meant it was meant to be used only on him, but the jutsu could have been meant for Madara as the plan was to bring him back to life, at least the original plan.
Or, it could have been a backup for Tobi just in case he died.
Right, I almost forget about Madara speech when he was summoned. But why they didn't used it yet...?
maybe the real plan was to ressurect rin ... or maybe i'm overestimating obito's intelligence , the guy's brain seems to have frozen aswell when he got hit by the rocks
'What was Tobi planning to do that could kill him in the process?'
Start a war, appear in front of the five Kage, fight plenty of high-level shinobi
Tobi is arrogant, he even said that there wasn't the slightly chance of Naruto and the others defeating him...
Well, obviously not arrogant enough to keep Izanagi as a trump card
Tobi has Senju DNA and many Sharingans, Izanagi is not such a big problem for him.
No, but that's not what I mean. The fact that he keeps Izanagi as a trump card is because despite how arrogant he is, he still thinks there's a small chance he could be beaten and need to use it