Why choose between reimbursement or cash benefits? Thrivent’s traditional long-term care policy can be designed to provide your clients with both value and flexibility.
The Cash Benefit Rider provides an additional 15% cash on top of the monthly reimbursement if one is receiving home care, or an additional 10% cash benefit if receiving facility care. The cash payments do not draw down the total benefit pool as they are paid from an additional pool of money.
How can you create affordable solutions with an element of cash flexibility?
Try dialing down a $4500 monthly benefit to $4000 a month, and then adding the Cash Benefit Rider. If your client needed home care, they would receive $4000 as reimbursement, plus $600 cash (for a total of $4600 that month). This approach combines the value of a reimbursement contract with the flexibility of an indemnity contract.
Download our new comparison to see how Thrivent’s solutions (with or without the cash benefit rider) can help you design solutions against leading competitors.