Discussing long-term care planning doesn’t need to be challenging. Establishing the need to have a strategy, and an affordable way to fund that strategy, can be done through simple conversations. Thrivent has created simple scripts that establish the need to create a Written Plan for Extended Care and introduce the concept of co-funding that plan. Download the scripts and watch for future emails sharing how the scripts and the written plan fit into our new Foundational Plan approach to extended care. This resource can be downloaded below, or it can be found on TFLTCStore.com or on iPipeline’s FormsPipe.   Download
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Stop Talking About Nursing Homes! Focusing extended care planning discussions on home care works better, a veteran trainer says. In a recent article in ThinkAdvisor, Bill Comfort shares that when planning for extended care, many consumers and their advisors make the mistake of starting from the end. They assume and project the highest possible cost of care in a private-pay, private skilled nursing home room. Yet nursing homes are the last place anyone wants to receive care. Learn why a new approach is needed. Bill Comfort is the Director of Training for the CLTC Certification and leads CLTC Master Class
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Monday, July 8th, Thrivent’s IT ticketing system (ServiceNow) sent some appointed reps an email that was intended for a different group, and we apologize for any confusion or inconvenience this may have caused. At this moment, we are unsure of how many advisors were sent this announcement. The subject line was “Digital Client Servicing Support dashboard has been shared with you” and was meant for an internal Thrivent IT team. The dashboard referenced is not a long-term care insurance system and cannot be accessed outside of Thrivent. If you received that message in error, there is nothing you need to
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Licensing reminder—Plan ahead for states requiring preappointment or a fraternal license While Thrivent has just in time appointment for most states, there are three states where an agent must be appointed before taking an app. There are also four states that require an advisor to have a fraternal license to sell Thrivent products. Appointments: Thrivent currently requires pre-appointments in GA, PA and WI. Fraternal Licenses: Four states (CT, DE, MA and NM) require a Fraternal License prior to being appointed with Thrivent. Obtaining a fraternal license is relatively easy and requires only a nominal fee. Please allow for additional time
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Documenting a written strategy for extended care As you may know, long-term care insurance isn’t the plan—insurance might help pay for the plan. This new worksheet can help clients think through and document their long-term care wishes. It can help discuss where care would be received and who would provide the care. This worksheet should be completed no matter what the funding source. This is the family’s roadmap. We encourage couples to complete the worksheet individually and then compare notes. This tool can help you, the financial advisor, to customize a funding plan as the client documents their concerns, family
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Customize benefit and premiums to meet future goals In addition to offering more traditional compounding inflation options of 1, 2, 3 or 5% Compound (Annual Increase Benefits), Thrivent’s traditional LTCi solution also offers a unique buy-up option that allows your client to be in control of their budget and their benefit growth. The Flexible Increase Benefit rider increases the maximum monthly benefit, available benefit and ancillary benefits on the contract anniversary by 5% compounded annually, without evidence of insurability. This rider may be partnership-qualified, dependent on age, in 20+ states (as long as someone meets partnership buy-up requirements – See
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Navigating care for loved ones isn’t easy, but Thrivent’s Caregiver Resources provide financial and emotional support This reprint from Thrivent magazine shares stories of how this member benefit is positively impacting the lives of family caregivers. It also provides a sample of the content that one can find with Homethrive.   Access Article     #goldencareagent #thrivent #ltc
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