Long-term care insurance
Protect your family and your independence. Long-term care insurance enables you to make decisions now for your future care. It can help protect your family — and your finances — if you become unable to care for yourself or live on your own; allowing your loved ones to continue caring about you, rather than for you.
Medicare, Medicaid and most private health and disability income insurances often do not pay for extended care expenses (unless you meet certain qualifications). That’s where long-term care insurance comes in. It can cover:
- In-home care.
- Assisted living and nursing home care.
- Adult day care.
- Home modifications—like wheelchair ramps, grab bars and railings.
- Assistance with day-to-day activities (think getting dressed, bathing, eating and more).
- You can work with a financial professional to further customize your plan.
No one plans to need long-term care. But the best time to buy protection is before that day ever comes. A person turning age 65 today has almost a 70% chance of needing some type of extended care services in his or her remaining years.¹ And the younger and healthier you are, the more likely you are to be eligible for coverage and a lower premium.
How much does long-term care cost?
Pricing and availability of long-term care services can vary widely depending on where you live. Start by exploring extended care expenses near you, so you can more accurately estimate the cost of coverage.
When planning for your future, options are important
Thrivent offers multiple solutions for long-term care insurance. Our traditional coverage, with its wide range of features to consider, is a simple, yet highly customizable way to help pay the costs of extended care. We also offer CareForward, an approach that combines elements of long-term care insurance and life insurance. With this solution, if you never need extended care—or you need less than you prepared for—you can provide money to your heirs after you pass away.
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THRIVENT IS THE MARKETING NAME FOR THRIVENT FINANCIAL FOR LUTHERANS.
¹ U.S. Department of Health and Human Services.https://acl.gov/ltc/basic-needs/how-much-care-will-you-need (October 2020).
Long-term care insurance is not offered by Thrivent in the state of New York.
If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance may be solicited.
All applications are subject to the underwriting requirements of Thrivent. A medical exam may be required. Premiums are not guaranteed to remain unchanged, except during the first five contract years; however, in the state of Florida, premiums may change for the contract but not more frequently than once a year. Any changes in premium rates will apply to all similar contracts issued in your state to contract owners in the same class on the same contract form. This means you cannot be singled out for an increase because of advancing age, changes in your health, claim status or any other reason solely related to you. Long-term care insurance may not cover all of the costs associated with long-term care. You are advised to review your contract carefully. The contract has exclusions, limitations and terms under which the benefits may be reduced, or the contract may be discontinued. Contract provisions and maximum monthly benefits may vary by state. For costs and complete details of coverage, contact your licensed insurance agent/producer.
Long-term care insurance is not for everyone as determined by NAIC income and asset test criteria.
Contract Forms: L-KZ-WL (21), L-JZ-SPWL (21), H-HX-LTC (13), H-HX-LTC (15), H-HL-LTC MT (16) Series
CareForward premiums are guaranteed to remain level for the life of the contract. If a premium is not paid by the date it is due, the contract will remain in force during a grace period of 65 days. A notice will be given to you if a premium is not paid after 30 days. The contract will enter a Reduced Paid-up status 30 days after a notice is given if a premium is not paid. Notice will be deemed to have been given as of five days after the date we mail it.
CareForward is noncancellable. This means that you have the right to continue the contract in force by making the timely payment of premiums set forth in your contract and that the premium rate schedule for this contract will never change.
¹ U.S. Department of Health and Human Services.
Long-term care insurance is not offered by Thrivent in the state of New York.
If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance may be solicited.
All applications are subject to the underwriting requirements of Thrivent. A medical exam may be required. Premiums are not guaranteed to remain unchanged, except during the first five contract years; however, in the state of Florida, premiums may change for the contract but not more frequently than once a year. Any changes in premium rates will apply to all similar contracts issued in your state to contract owners in the same class on the same contract form. This means you cannot be singled out for an increase because of advancing age, changes in your health, claim status or any other reason solely related to you. Long-term care insurance may not cover all of the costs associated with long-term care. You are advised to review your contract carefully. The contract has exclusions, limitations and terms under which the benefits may be reduced, or the contract may be discontinued. Contract provisions and maximum monthly benefits may vary by state. For costs and complete details of coverage, contact your licensed insurance agent/producer.
Long-term care insurance is not for everyone as determined by NAIC income and asset test criteria.
Contract Forms: L-KZ-WL (21), L-JZ-SPWL (21), H-HX-LTC (13), H-HX-LTC (15), H-HL-LTC MT (16) Series
CareForward premiums are guaranteed to remain level for the life of the contract. If a premium is not paid by the date it is due, the contract will remain in force during a grace period of 65 days. A notice will be given to you if a premium is not paid after 30 days. The contract will enter a Reduced Paid-up status 30 days after a notice is given if a premium is not paid. Notice will be deemed to have been given as of five days after the date we mail it.
CareForward is noncancellable. This means that you have the right to continue the contract in force by making the timely payment of premiums set forth in your contract and that the premium rate schedule for this contract will never change.
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