“A Legacy on the Land: For Donna Lien, protecting a cherished family property meant rethinking later-life finances,” by Denise Logeland, Thrivent Magazine
“‘I love working with Donna,’ Bartz says. Even though they have a 25-year advisory relationship, ‘Donna always challenges me with questions, like how can I protect my estate from income taxes and what happens if I go into a nursing home or have a long-term illness? Am I protected from that?’ … Because the [irrevocable life insurance] trust [recommended by the Thrivent Financial professional] owns the life insurance … it is protected in the event she has big medical or other care costs later on.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Someone at Thrivent LTCI should look into why Thrivent Magazine is promoting Medicaid planning instead of long-term care insurance.