New consumer Strength and Commitment flyer

New consumer Strength and Commitment flyer Thrivent has just released a strength and commitment piece that is approved for use with consumers. The flyer shares the number of LTCi contracts in force, the LTCi benefits paid to date and the LTCi claims paid in 2020. This piece is meant to help share the Thrivent story with those not yet familiar with the company or with Thrivent’s history in long-term care planning. Please choose the appropriate state-specific version below: ICC States Approved for use in: AK, AL, AR, CO, GA, IA, ID, IL, KS, KY, LA, MA, MD, ME, MI, MN,
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Categories: Industry News, Long-Term Care, and Thrivent.

Making Holiday Small Talk About Big LTC Decisions

Making Holiday Small Talk About Big LTC Decisions — InsuranceNewNet article Thrivent’s Vice President of Health Insurance Products, Steve Sperka, discusses why it’s critical that Financial Advisors provide guidance to their clients on how to have extended care discussions. This article shares three key guidelines to help advisors encourage these family conversations. Read Article     #goldencareagent #thrivent #ltc
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Categories: Industry News, Long-Term Care, and Thrivent.

Washington State Sales Reminder | Holiday Hours

State of Washington LTC sales resume with limitations. Quote software updated to reflect WA limits. Beginning Nov. 20, Thrivent is once again accepting long-term care (LTC) applications for the state of Washington. What you need to know The $3,000 minimum monthly benefit that was in place immediately prior to suspension of Washington LTC sales will remain. The minimum contract holder age will go back to age 18. Because we cannot make the effective date a date other than the application date or issue date, LTC contracts sold in Washington going forward will not be eligible for the Washington Cares Act
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Categories: Industry News, Long-Term Care, and Thrivent.

Improved illustrations available beginning 11/20

The long-term care illustrations improvements you requested We heard you, and an updated and improved long-term care illustration will be available on Nov. 20. The updated illustration: Has a modern appearance. Was reorganized to provide a better flow of information. Focuses on what’s important to increase your client’s understanding of the product. Note for advisors licensed in California: The updated illustration will be available once your state approves it. Specific changes you’ll see Page order has been changed to bring the most relevant pages to the front. In general, the key terms and definitions will be printed at the end
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Categories: Industry News, Long-Term Care, and Thrivent.

Additional LTCi benefit riders approved for Missouri Partnership

Missouri: Additional LTCi benefit riders approved for Partnership For financial advisors licensed in Missouri Since the launch of Thrivent’s long-term care insurance (LTCi) product, we’ve been working with many state regulators to pursue Partnership eligibility for our increase benefit riders. Missouri has approved Thrivent’s 1% and 2% Annual Increase Benefit (AIB) riders as Partnership qualified for ages 61 to 75, effective Aug. 18, 2021. Thrivent will apply Partnership status to all Missouri LTCi contracts that currently have the 1% and 2% AIB riders for ages 61 to 75. Any contract holders whose contracts were issued with the 1% or 2%
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Categories: Industry News, Long-Term Care, and Thrivent.

Resuming Washington state sales on 11/20

State of Washington long-term care applications accepted starting Nov. 20 Starting Nov. 20, we will once again begin accepting long-term care (LTC) applications for the state of Washington. What you need to know The $3,000 minimum monthly benefit that was in place immediately prior to suspension of Washington LTC sales will remain. The minimum contract holder age will go back to age 18. Because we cannot make the effective date a date other than the application date or issue date, LTC contracts sold in Washington going forward will not be eligible for the Washington Cares Act exemption. On November 20,
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Categories: Industry News, Long-Term Care, and Thrivent.

Thrivent LTC: Session timeouts while using e-App?

Experiencing session timeouts in the Thrivent e-App? iPipeline has determined this happens most often when users first access FormsPipe and then subsequently launches the e-App on iGO. If the user leaves FormsPipe open in the background, it continues to use the FormsPipe instance for the session timeout and not iGO. To prevent unexpected session timeouts, users should close FormsPipe so the session no longer times out in the background. iPipeline is working on a more permanent fix to the issue, and has this scheduled for their next product Sprint.       #goldencareagent #thrivent #ltc
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Categories: Industry News, Long-Term Care, and Thrivent.

Enhanced LTCi Prescreening Process

New prescreening team reduces turnaround times To improve the response time on underwriting prequalification requests, as well as to help expediate the cycle time for new business, Thrivent LTCi prequalification requests will now be processed by emailing LTCiPreQual@Thrivent.com. With our previous process, we strived for a 24-hour response time, but that should be greatly improved with our new process. We have successfully tested this approach in a pilot with a few select BGAs and have experienced greatly improved turnaround times. This experienced prescreening team is helping alleviate some of the burden from our underwriters at LTCG, helping to further reduce
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Categories: Industry News, Long-Term Care, and Thrivent.

Important Washington state updates as 11/1 deadline nears

Washington state LTCi updates: Processing solution as 11/1 deadline nears Thank you for your patience as we work diligently to process the significant influx of long-term care (LTC) application volume we’ve received as a result of the Washington Cares Fund. The surge in applications has put significant strain on carriers, underwriters and the vendors who support this business across the industry. We received triple the normal number of LTC applications throughout May, June and July. And while we have made meaningful progress, there are still a significant number of applications to process. Current projections indicate that we will return to
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Categories: Industry News, Long-Term Care, and Thrivent.

Thrivent LTC: Committed to supporting your business

Committed to supporting your long-term care business Know that our goals remains to get all LTC applications submitted prior to June 17 issued by Nov. 1. Our underwriting and case management team is currently working over-time and weekends to make this happen. We have done many things, including but not limited to adding staff, technology improvements, and offering overtime to help handle the increased volume. We are vigorously pursuing additional options to enable the team to work through the high pending volume and process this important business as quickly as possible. I’ll provide you another update early next month to
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Categories: Industry News, Long-Term Care, and Thrivent.