Newman Long Term Care Announces Distribution Deal with Thrivent Financial

 

As 10,000 baby boomers turn 65 every day, two leading financial planning and insurance firms partner to offer more solutions to help solve the nation's growing long-term care needs.

Richfield, Minn.   May 9, 2014 -- Newman Long Term Care, one of the nation's leading long-term care insurance agencies, today announced a strategic alliance with Thrivent Financial (Thrivent) to distribute Thrivent's Long-term care insurance product in the independent brokerage market.  This partnership broadens Thrivent's reach by expanding capacity beyond their own network of representatives to offer their long-term care insurance product through independent insurance and financial professionals across the country. 

This announcement comes at a critical time in American history. A greater awareness for long-term care planning has finally emerged as 10,000 baby boomers are now turning 65 every day—a trend that will continue uninterrupted for the next 16 years.

"We believe this alliance will build on the strengths of both organizations, and will help us all solve the long-term care planning needs of a lot more families," said Deb Newman, founder of Newman Long Term Care in Richfield, Minn. "We're thrilled to be working with an organization that has a long history and a strong dedication to serving the planning needs of its members.  As a fraternal organization, they often see in their own communities how their products help real people in a time of need." 

Lori Gubash, Director of Sales and Business Development for Newman Long Term Care, stated "With my background as a Fraternal Insurance Counselor, it gives me a clearer understanding of the dynamics of their organization, and of the commitment Thrivent has to their members.  We have the same commitment to our clients - to find the best solutions for our advisors and their clients' needs .When we look to partner with an insurer, we look at company financials, their claims paying history, and their policy language.  Thrivent surpassed our expectations on every level."

"Expanding the distribution of our long-term care product will help us reach more advisors and, in turn, consumers who may benefit from planning ahead for long-term care needs," said John Hite, vice president of Distribution Development for Thrivent Financial.  "Our partnership with Newman Long Term Care was a natural fit as we share the same goal of ensuring Americans have the proper financial protection in place."

While Newman Long Term Care and Thrivent are national organizations, they are both headquartered in Minnesota.  For more information on the Thrivent long-term care option now available to independent insurance and financial advisors, please visit www.newmanltc.com/thrivent or call 612-454-4400 to learn more.

Newman Long Term Care Announces Strategic Alliance With Thrivent by Mitchell Davis