Whether you’re new to selling LTCi or have been at it for years, understanding the difference is key to better serving your clients. MutualCare® Secure Solution is a traditional long-term care policy that allows people to plan ahead for their long-term care needs. By adding this measure of security to their retirement portfolio, they know that a portion of their long-term care expenses will be covered. MutualCare® Secure Solution is perfect for: Customers who are looking for easy-to-understand benefits and the security of knowing they have some measure of asset protection Agents who like a product with simple design and
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Where does Thrivent’s LTCi fit?
Consider Thrivent’s standalone LTCi solution when looking for the following benefits, or working with these audiences: Pricing: Return of Premium Zero-Day EP for Home/Community Care State specific advantages: IN (one of the only IN Partnership policies) FL and CA (other carriers may have state-specific pricing) When comparing 5-year benefits Highly competitive rates for women Competitive rates for younger couples Benefits and Riders: Accelerated, 10-pay option Shared Care with Residual Benefit and Dual Waiver of Premium Inflation options of 1%, 2%, 3%, 5%, and FIB Couples discount Caregiver resources Niches: More ages (18 to 79) When carrier strength is important Robust
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Just how competitive is Thrivent’s Long-Term Care insurance solution?
Thrivent’s Long-Term Care insurance is priced very competitively against other traditional LTCi carriers. Additionally, there are niches and benefit spots where Thrivent works well. Learn more in the competitive comparison that showcases Thrivent’s built-in features and optional riders compared to other leading insurers. Download Now #goldencareagent #thrivent #ltc
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Inflation Protection
It’s without question that the cost of healthcare will rise in the coming years. Helping your clients fight inflation is a great way to ensure they have the coverage needed as they age. Inflation Protection The current maximum monthly benefit and remaining policy limit increase annually by the percentage the insured selects The increase occurs on each policy anniversary date for the length of time the insured selects – either for the life of the policy or for a limited period of time Inflation Protection Buy-Up Option The buy-up option is only available on MutualCare® Custom Solution policies Each year,
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Great News! Automatic Bill Pay is Accessible
Beginning August 7, 2023, existing policyholders will be able to sign up for Automatic Bill Pay for all modes (monthly, quarterly, semi-annually, or annually) in various ways. For policies issued between 1987 and 2003 Policyholders can log in to Customer Access and complete their billing mode change under the “Billing” tab or Call Customer Service at 1-877-845-0872 to request mode changes For policies issued 2004 and later Policyholders can complete and return the Benefit Change Request Form and Electronic Funds Transfer Authorization along with a voided check or Call Customer Service at 1-800-921-9334 to request mode changes Please note, Automatic
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Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
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LTC Sales Contest — Earn a Bonus!
An LTC Sales Bonus Is Within Reach! There’s nothing quite like earning a bonus. Knowing that you did what it takes to go above and beyond to earn a little extra for yourself feels really good. And in this case, you’ll also feel good knowing that you’re helping protect your clients from the unexpected financial burden that can result from not having long-term care insurance. It’s a win-win! So get excited, because a bonus is within your reach! We’re having an LTC Sales contest that can help you earn yourself a 5% bonus! Here’s what you need to know: Only
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Understand Elimination Periods
Lets talk about elimination periods. Its important for clients to understand long-term care insurance ins and outs and the benefit options available to them. Helping your clients understand the different types of elimination periods is key. Explain the terms: Elimination period — The short answer is, “waiting period.” It’s how long a policyholder has to wait until their coverage goes into effect. The elimination period countdown begins once the policyholder has begun receiving LTC services. Service day elimimnation period — This means only the days when the policyholder receives covered services can go towards the elimination period. Calendar day elimination
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Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
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Why look at Thrivent when prescreening your client’s health?
Why look at Thrivent when prescreening your client’s health? Few carriers publish preferred rate class guidelines. Thrivent considers all applicants for a preferred rate, and the underwriting guide outlines the preferred health criteria. Thrivent doesn’t auto-decline based on someone being declined by another carrier. (If declined elsewhere though, prescreening health with an underwriter is a must) Read on for Preferred health guidelines and build chart. Preferred Underwriting Checklist Page 5 of the Underwriting Guide All applications are considered for preferred issue, but the criteria below can help determine whether your client may qualify for the preferred risk class. We recommend
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Thrivent LTCi issues 4% more policies at preferred health than a leading competitor
Thrivent LTCi issues 4% more policies at preferred health than a leading competitor In July’s Broker World magazine, the Milliman Long Term Care Insurance Survey showed that 23% of Thrivent policies are issued with our preferred health discount, while a leading competitor only issues 19% as preferred. Distribution of Policies By Rate Class Full LTCi Survey #goldencareagent #thrivent #ltc
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Care Coordination Provides Real Value for Families
The need for long-term care can come on fast or over time. Family members often need help in finding appropriate care for loved ones. Help your clients understand how it works: The insured or a trusted family member calls the toll-free number in the policy to initiate a claim. A care coordinator contacts the insured or the family member to assess the need for long-term care services. The care coordinator then develops a personalized plan of care and helps to arrange for services. The care coordinator continues to monitor the insured’s progress and the quality of care received. Check out
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