1% and 2% compound inflation now qualify for Partnership.
Thrivent worked with the Alabama Insurance Department to allow for 1% and 2% compound inflations to be eligible for the state partnership program. This was approved in November.
This change will be retroactive to qualifying policies issued since 11/15/22 when Alabama ‘s approval was received.
Existing policyholders who qualify will receive a notification of the partnership status of their policies.
The Partnership Requirements grid has been updated, as well as the Solutions Studio illustration software.