Excerpted from the Wednesday, July 18 FieldNet announcement:
ME: 2016 LTCi increase in benefit riders approved for partnership
For field licensed in Maine
Some long-term care insurance is better than no long-term care insurance!
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 begin the discussion about getting the appropriate amount of coverage in place for each member. This information is available as a member-facing marketing piece (IIC17 33282), and can be ordered from Storefront.
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.
Maine has approved Thrivent’s 1% and 2% Annual Increase Benefit (AIB) riders as Partnership qualified.
These additional riders qualify for Partnership on contracts applied for on or after July 22, 2018.
Thrivent will retroactively recognize the partnership eligibility for 2016 LTCi contract holders who purchased the increase benefit riders. Impacted contract holders will receive a notification letter along with any required disclosures, point-of-sale materials and revised contract pages when needed. (You will receive a copy of the letters.)
Each state has a unique partnership eligibility. For details, refer to the State Specific Partnership Requirements document, which is located under the “Partnership Information” tab on the Thrivent Long-Term Care Insurance FieldNet page.
2175216-071118
For internal use only. Not to be shown or distributed to the public.
Contact Newman Long Term Care at 800-625-9267 for more information on this.