Thrivent Financial Long-Term Care Insurance Review

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Thrivent Financial Long-Term Care Insurance Review

Company Details

Founded: 2002
Headquarters: Minneapolis, Minnesota

Claim Information

Phone Number: 800-621-3724

Products Offered

  • Long-Term Care Insurance
  • Life Insurance
  • Disability Insurance
  • Annuities

Insurer Highlights

Thrivent Financial offers a competitive and comprehensive Long-Term Care Insurance option. As a non-profit fraternal organization for Christians, you must sign a statement of faith as part of the application process.

There are variations between the policy language and benefits between the many companies that offer Long-Term Care Insurance; however, the primary features and benefit choices are comparable from company to company. Premiums and underwriting criteria vary dramatically between insurance companies. 

When comparing long-term care insurance, you should recognize the differences between Thrivent Financial and other companies. 

Thrivent Financial is a membership organization of Christians, and its members are the owners of this non-profit financial services organization. 

Originally a fraternal organization for Lutherans, in 2013, the membership voted to extend the common bond beyond Lutherans to include all Christians. 

That change made the products available to a much larger group of people who share their common bond of Christian faith. As part of the application process with Thrivent, you must sign a statement of faith. 

The statement of faith affirms you are a "Christian, seeking to live out your faith, or you are the spouse of a Christian who seeks to live out his or her faith."

This statement is open to all Christian denominations, including Protestant, Catholic, and Evangelical groups.

Thrivent Financial offers several features and benefits consumers and Long-Term Care specialists look for in a Long-Term Care Insurance policy. 

Special Note on Washington State

Thrivent had suspended Long-Term Care Insurance sales in the state of Washington but will resume effective November 20, 2021.

Features and Benefits of Thrivent Financial Long-Term Care Insurance

  • Partnership
  • Monthly Benefits from $1,500 to $15,000
  • Several inflation options including 1%, 2%, 3%, and 5% compounded
  • Shared Care Benefit
  • Elimination Period Options are 30, 90, or 180 Days
  • Option for 0 Day Elimination Period for Homecare
  • Cash Benefit
  • Return of Premium
  • Survivorship Benefit
  • Ten Pay Option

Guarantee Association

As a fraternal organization, Thrivent cannot participate in the state guaranty association in any state. The guarantee association ensures that you would still have guaranteed benefits. However, money would be available to pay claims if a financial crisis affects the insurance company and they cannot pay claims on your policy. 

Thrivent is still required by law to maintain policy reserves equal to the present value of future benefits guaranteed in Thrivent contracts, less the current value of future premiums. Thrivent holds the necessary reserve and contingency funds to continue to provide guaranteed benefits even under very adverse conditions.


If you own a Knights of Columbus Long-Term Care policy and seek help submitting a claim, LTC NEWS offers free - no-obligation assistance - including help finding quality caregivers and facilities. Since most agents have little or no experience in this area, this assistance can be beneficial for the entire family - Filing a Long-Term Care Insurance Claim | LTC News

Federal Regulation and Consumer Protections

All Long-Term Care Insurance contracts are regulated under IRS regulations §7702B(b)(1). Any insurance contract that meets the guidelines set by the Internal Revenue Service is considered long-term care. All insurance products that meet these federal guidelines contain consumer protections and regulated benefit triggers, in addition to tax advantages. 


Thrivent does offer Partnership Long-Term Care Insurance plans in most states. Partnership policies provide additional dollar-for-dollar asset protection. You can learn more about the federal/state partnership program and other state-specific information on long-term care by finding your state on the LTC NEWS Cost of Care Calculator.

Find State-Specific Information

You can learn more about the federal/state partnership program by going to the LTC NEWS Cost of Calculator. Each state has a state-specific page that includes the current and future cost of long-term care services, available tax incentives, information on care providers, and other important information -  Cost of Care Calculator - Choose Your State | LTC News.

Shopping for Long-Term Care Insurance?

When shopping for Long-Term Care Insurance coverage, keep in mind, numerous state and federal regulations impact Long-Term Care Insurance. Each state's department of insurance regulates products and premiums. Because of regulation, an insurance agent, agency, or financial advisor cannot give a consumer a special discount that is not available otherwise. 

Be sure to use all the tools and resources available on LTC NEWS to help you in your research - Resources for Long-Term Care Planning | LTC News.

There are more similarities than differences when it comes to features and benefits. However, options and benefits vary from company to company, and premiums can vary between companies by over 100% when comparing equal benefits.


Long-Term Care Insurance is medically underwritten, and every company has its own underwriting rules which determine insurability and rate class. An experienced Long-Term Care Insurance specialist will understand these underwriting rules when helping you select the best company and policy options.

Be sure to seek the assistance of a qualified Long-Term Care Specialist to compare the features, benefits, and costs of each policy. You can find a trusted and qualified specialist representing the major insurance companies that offer these products - Work With a Specialist | LTC News.

Since your health is a primary consideration in determining your eligibility for coverage, it is always best to start planning before retirement when health is usually better. An experienced Long-Term Care Insurance specialist will ask you several questions about your health to provide you with accurate quotes and professional recommendations.

Please note: Since every company has different underwriting rules, you could be eligible for coverage with one company and not another.

Because Long-Term Care Insurance is custom-designed, you can design the plan to fit your specific needs, concerns, and budget. A specialist will help you develop your plan to address your concerns. Generally, you can design a plan to meet some or all of these common goals:

  • Safeguard income and savings
  • Protect the lifestyle of your spouse/partner
  • Provide options for quality care
  • Reduce the stress and burdens otherwise placed on family members
  • Give your adult children time to be family
  • Provide a legacy for loved ones

State variations may apply.


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  • Strong understanding of underwriting, policy design, and claims experience
  • Represents all or most of all the leading insurance companies

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Work With A Trusted Specialist

  • Has substantial experience in Long-Term Care Insurance
  • Strong understanding of underwriting, policy design, and claims experience
  • Represents all or most of all the leading insurance companies
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  • A strong understanding of underwriting, policy design, and claims experience
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