An insurance agency subsidiary of Thrivent Financial is acquiring Newman Long Term Care, a 25-year-old long-term care (LTC) planning firm.
Thrivent is based in Minneapolis, and Newman LTC has been based in Richfield, Minn.
Deb Newman, the owner and founder of Newman LTC, says her agency will operate as an autonomous subsidiary. She will keep her current team, in the same offices.
The agency will continue to offer LTC planning products from most of the major carriers, not just Thrivent, and it will continue to offer LTC planning products through independent agents, brokers and other organizations, Newman says.
See also: LTC planning bits: John Hancock, AALTCI, New York Life, Univita