Pennsylvania: Increase in benefit riders approved starting April 2
For FRs licensed in PA: Thrivent LTCi 1% and 2% increase benefit riders approved for Partnership
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. Pennsylvania has approved Thrivent’s 1% and 2% Annual Increase Benefit riders as Partnership qualified.
These additional riders qualify for Partnership on contracts applied for on or after April 2, 2017.
Each state has a unique Partnership eligibility. For details, refer to the State Specific Partnership Requirements document, which can be requested from Newman Long Term Care’s wholesaling team.
Some long-term care insurance is better than no long-term care insurance! Remember to position Thrivent Long-Term Care insurance for success by starting with a premium of $100 a month and building the extended care strategy from there. This allows you to start the discussion about getting the appropriate amount of coverage in place for each member.