In June, Thrivent will be introducing a new Foundational Plan design approach for their traditional LTCi product.
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 history and potential funding sources for the plan.
This resource can be downloaded below, or it can be found on TFLTCStore.com or on iPipeline’s FormsPipe.
DOWNLOAD NOWThe Foundational Plan – An affordable approach to Thrivent LTC
To reach more middle-income families and have more proactive conversations, the extended care conversation needs to be simplified, the need must be established and initial coverage must be seen as affordable.
Thrivent is introducing a Foundational Plan design for their traditional LTCi that will simplify the initial discussion, help FAs avoid giving clients sticker shock, and allow the client to buy-up to additional coverage as they see fit.
On this call Thrivent will discuss:
- Thrivent’s Point of View on Extended Care planning
- A simple conversation to set up an initial discussion.
- Creating a written strategy for LTC (and a new tool to document a client’s plan)
- A co-funding approach vs. an all-or-nothing approach.
- New or revised tools that support this messaging.
Thrivent will also offer a refresher on their traditional LTCi policy showing you their competitive niches.
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