Thrivent Financial is a Fortune 500 not-for-profit financial services organization. The company offers a variety of insurance products, including Long-Term Care Insurance, hybrid Long-Term Care Insurance, life insurance, mutual funds, and other financial services.

Founded in 1902, Thrivent Financial is a membership organization of Christians. The company originally started as a fraternal organization for Lutherans; however, in 2013, the membership voted to extend the common bond beyond Lutherans to include all Christians. 

This change made products available to a much larger group of people and opened the door to Thrivent Financial's success. All Christian denominations, including Protestant, Catholic, and Evangelical groups, are welcome.

Thrivent Financial is strict about their faith, as part of the application process with Thrivent, you must sign a statement of faith affirming 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."

As of 2025, Thrivent Financial ranks 405 in the Fortune 500 companies. Other impressive ratings include:

• A++ from A.M. Best Company, Inc.
• Aa2 from Moody's Investors Service
• A++ from S&P Global
• 100 from COMDEX (highest rating available)

Long-Term Care Insurance with Thrivent Financial

Thrivent Financial ranked number #2 in our annual Long-Term Care Insurance review. This position is well earned and deserved, as the company offers some of the best Long-Term Care Insurance products available. 

While Thrivent Long-Term Care Insurance is only available to Christians and their spouses, turning away non-Christian individuals, they provide incredible benefits and community for those who share their faith. 

In addition to a distinct demographic and tight-knit community, Thrivent Financial offers comprehensive Long-Term Care Insurance benefits, ensuring all policyholders can get the care they need and deserve as soon as they need it. 

Key Features & Benefits 

While Thrivent Financial's policies offer several features and benefits, one of the best benefits is the ability to obtain a partnership policy. 

A Long-Term Care Insurance partnership policy offers dollar-for-dollar asset protection, which shelters your assets and incomes from Medicaid estate recovery if you ever exhaust the benefits within your policy and rely on Medicaid to cover the remaining care costs. 

A Long-Term Care Insurance specialist can help you apply for a partnership policy if it's available in your state. A specialist can also help you customize a policy that fits well with your preferences and needs, utilizing Thrivent's unique benefits, including: 

• Monthly benefits from $1,500 to $15,000.
• Shared care benefits (shared spousal or partner benefits). This allows a spouse to use their partner's unused care benefits if they exhaust their own benefits.
• Inflation rider options from 1%, 2%, 3%, or 5% compound inflation. 
• Elimination periods of 30, 90, or 180 days, with a 0-day elimination period exception for home care. 
• Cash benefit rider available that pays out benefits in cash directly to the policyholder, usually used to pay informal caregivers. 
• Survivorship benefit. For spouses, if one spouse passes away, the other no longer has to pay a premium.
• Return of premium rider. This benefit returns money (minus long-term care claims and dividends paid out) to the policyholder's estate after death if the policyholder has had the policy for more than 10 years. 
• Shared care benefit rider. Allows couples with identical policies to share their Long-Term Care Insurance benefits. For example, if one spouse uses all their benefits, they could access the other spouse’s remaining benefits. 
• Partnership-certified policies are available in partnership program states.
• Ten pay option allows policyholders to pay off their premium in 10 years instead of continuous premiums.
• Possibility of dividends.

Outside of these key benefits and features, Thrivent Financial also falls short in a few notable categories. One of such being their limited international benefits and their lack of any single-pay options for policies. 

CareForward Hybrid Long-Term Care Insurance

Thrivent Financial is well-known for its comprehensive hybrid Long-Term Care Insurance policies. A hybrid LTC Insurance policy combines traditional Long-Term Care Insurance with life insurance or an annuity.

The way hybrid policies work is simple: you get the benefits of a regular Long-Term Care Insurance policy, meaning if you ever need care, the benefits and money within your policy will cover care costs.

There are no extra steps or variance in benefit triggers for a hybrid policy. The long-term care coverage is effectively the same as traditional policies. 

However, in addition to comprehensive long-term care coverage, if the policyholder passes away, their beneficiaries will receive a death benefit amount. This ensures that individuals have something to leave behind for their loved ones in addition to the financial protection the policy provides for their assets and income.

There are several reasons why Thrivent Financial's hybrid Long-Term Care Insurance policies stand out from others, including:

• Minimum benefit amount of $50,000.
• Issue ages. Policies are available between the ages of 18 and 75.
• Multiple payment options. These options include single pay, 10-pay, 20-pay, or pay-to-95 (depending on issue age).
• Elimination periods. The elimination period for in-home care is 0 days and 90 days for all other services. (1 day of service in a week is equal to 7 days)
• Inflation options include 3% compound for 20 years, 3% compound for a lifetime, or 5% compound for a lifetime.
• Couples discount (even if only one spouse is applying)
• Case management. A service that helps you determine the best long-term care services and treatments and helps increase coordination between providers.
• Cash surrender value. If a policyholder changes their mind about the policy, they are guaranteed an amount of the policy as a “refund.” 

How Hard Is It to Qualify for a Policy with Thrivent Financial?

Qualifying for a new Long-Term Care Insurance policy with Thrivent Financial is not necessarily difficult, but several factors can influence your eligibility:

1. A need for long-term care. Individuals who already need long-term care are not eligible for a new policy.
2. Pre-existing health conditions. Individuals are allowed to have some pre-existing conditions; however, these health concerns must be well-managed with medication or treatment. 
3. Age. Older applicants may face greater difficulty qualifying for a new policy because health generally declines as you get older. Individuals applying for a new policy in their 70s or older may face higher premiums.

Premiums are partially based on your age at the time of application. The older you are, the higher your premium is likely to be. Additionally, as you age, pre-existing health conditions can carry more weight, potentially impacting your eligibility for coverage.

Long-Term Care Insurance providers use a process called underwriting to assess the risk of insuring applicants. If the risk is deemed too high, the application may be denied. Approved applicants are assigned to specific rate classes. 

Each provider applies its own criteria during underwriting. Because criteria differ, the same applicant could qualify for coverage with one company and not another. It all depends on the specific policy and underwriting language used at the time of application. 

Thrivent Financial offers four rate classes and is considered one of the more conservative providers, which can make qualifying slightly more challenging.

Despite the potential difficulty of qualifying, a Long-Term Care Insurance Specialist can guide you through the process, helping determine your rate class and recommending the best course of action. In some cases, this may involve applying with a different provider that has more flexible underwriting requirements.

Filing a Claim with Thrivent Financial

Filing a claim alone or through an insurer's direct website can feel scary or confusing, especially when you're worried about finding the best care for yourself or your loved one. 

This is where LTC News can help. If you or your loved one have a policy with Thrivent Financial or any other LTC Insurance company, LTC News can help you file a claim. 

LTC News partners with Amada Senior Care to offer free, no-obligation help with Long-Term Care Insurance claims. This also includes assistance in finding high-quality caregivers and facilities, regardless of the required level of care. 

Amada Senior Care is a leading in-home healthcare agency operating at several locations nationwide. They can help you process a claim from any LTC Insurance policy, find high-quality care, and, in some cases, may be able to offer discounted services. 

Is Long-Term Care Insurance with Thrivent Safe?

Thrivent Financial is a safe and reputable Long-Term Care Insurance provider, with no major scandals or problems regarding paying out claims or premium increases.

As a fraternal organization, one notable concern with Thrivent Financial is that they are not a member of any state guaranty association. These associations typically offer additional protections to policyholders in case the insurance provider encounters financial difficulties.

Although Thrivent Financial is not part of such an association, they are legally obligated to maintain policy reserve amounts sufficient to cover the present value of future guaranteed benefits minus the current value of future premiums.

The United States regulates all Long-Term Care Insurance policies under Section 7702(b). All LTC Insurance policies must meet stringent requirements, which help ensure:

• Regulated benefit triggers.
• Tax advantages.
• Protection against excessive premium increase.
• Clear coverage expectations.

Thrivent Financial's Long-Term Care Insurance products meet federal guidelines. 

Shopping for Long-Term Care Insurance: What Are Your Best Options for Coverage?

The best Long-Term Care Insurance option for you depends on how many benefits you need and what you can qualify for. Working with a Long-Term Care Insurance Specialist can help you understand what to look for in a policy and help you find the best company for your long-term care needs.

Thrivent Financial offers safe, reliable Long-Term Care Insurance policies. Coverage with Thrivent is comprehensive, and policyholders don’t have to worry about large rate increases or struggling to qualify for benefits. However, Thrivent's strong religious affiliations can prevent non-religious individuals from considering Thrivent Financial as an option. 

If you need help filing an insurance claim, LTC News' partnership with Amada Senior Care can help. These experts offer a cost- and obligation-free service to help you or your loved one get necessary care in a quick and cost-effective manner. They'll also help you find high-quality care, regardless of if it's provided at home or in a care facility.

You can also use LTC News's Cost of Care Calculator to research the current and predicted national median costs of memory care, home care, assisted living, nursing homes, and adult day care.

This tool can help you plan for the present or future costs of care in the U.S. You can also use this calculator to plan how many benefits you should buy in a Long-Term Care Insurance policy or to see what the most cost-effective option for care is currently in your area. 

In addition, LTC News's Care Directory can help you find a high-quality long-term care provider in your area. Our care directory tool contains thousands of providers from every region of the United States.

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