Options for Thrivent LTC illustrations
Thrivent offers several ways to run illustrations online. Our quotes can be found on many of the leading platforms for traditional LTCi, including:
Preferred Method:
iPipeline’s iGO platform allows you to run and save illustrations. This option also allows you to pre-populate portions of the eApp using information from the illustration.
Contact your Thrivent BGA for information on accessing iGO.
Recently added: This option provides ease of use if you use WinFlex to quote other carriers.
This option provides the same output as iGO, but does not integrate with the eApp. A PDF of the illustration will need to be uploaded to the eApp as additional documentation.
Add Thrivent to your StrateCision subscription for side-by-side quotes with many of the other leading insurers. This option is great for quick comparisons, but is not as customizable as the full illustration software.
These illustrations are intended for Producer Use Only, so a full Thrivent illustration should be run and included with any application.
Illustration Printout Options
- Summary of Coverage provides an overview of the selected benefits and optional riders.
- Benefit and Premium Outlay: Defaults to showing only requested benefits and premiums. To compare up to two other Benefit Increase Options, select them in Custom Print Options.
- Plan Options Comparison: Compares premiums by Maximum Monthly Benefit Amount, Inflation Option, and Benefit Multiplier (with all other selections unchanged). Includes a Riders Cost Comparison grid.
- Break-Even Analysis: Optional section showing cumulative premiums over time compared to Available and Maximum Monthly Benefits. Also lists the equivalent months/days of care if claims equal premiums paid at a given time. Useful for showing potential LTCI benefits exceeding premiums if a claim occurs.
- Page Order: The most relevant pages are placed at the front. Key terms and definitions appear at the end.
Illustrating the Flexible Increase Benefit (FIB) Rider
Along with standard inflation options (1%, 2%, 3%, and 5%), Thrivent’s Flexible Increase Benefit rider lets clients buy an additional 5% in benefits each year they accept an offer. Illustration software can show multiple buy-up scenarios and their effect on premiums and benefit growth.
Pre-loaded options include All Years, Every Other Year, and Every 3rd Year. On iGO you will also find a Customize option to choose specific years to accept or decline. After three consecutive declines, the offers end.
The FIB can qualify for partnership in over 20 states if that state’s buy-up requirements are met. For best results, use the Partnership Guidelines when illustrating the FIB rider
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