Effective Oct. 28, Thrivent applications/contracts based on state of residence
Effective Oct. 28, 2019, annuity and insurance product applications should be writtenbased on the applicant’s state of residence.
For applications written outside the applicant’s primary state of residence, use theapplication for the primary state of residence. The application must accurately indicatethe state where it was signed. Assuming the applicant is insurable and the sale issuitable, a contract will be issued based on the applicant’s primary state of residence.
You and anyone receiving split compensation must be licensed:
- In the applicant’s state of residence.
- Where the application is taken.
- Where the contract is delivered.
Example: A Wisconsin resident meets with a financial professional in Illinois to completea life insurance application. A Wisconsin application should be completed and signed,and a Wisconsin contract will be issued. The application should accurately reflect that itwas signed in Illinois. The contract will be mailed to the applicant’s primary address inWisconsin. The financial professional(s) must be licensed in both Wisconsin and Illinois.