You receive a competitive, guaranteed rate of return on your money, and are guaranteed to receive all premiums paid (less any withdrawals) if you terminate the contract.* There's also the potential for a higher rate of interest if you invest larger amounts—due to this annuity's "interest rate band" feature.

Flexibility is another key feature of this annuity, as you can begin taking withdrawals immediately-making it perfect for retirees.*** An added feature of Security One is that the surrender charges would be waived if you needed to access your money because of a move to a nursing home.**

Make one lump sum payment
As a single premium annuity, you make a one-time, lump sum payment to open a Security One annuity. This is ideal for a sum of money you receive from a rollover or pension proceeds, or as an inheritance, insurance proceeds, or the sale of a business or property.

Choose income for life
When you withdraw funds from your Security One annuity, you can choose from a variety of pay out options—take the interest only or a set amount—or you can even choose an option that is guaranteed to pay you an income for life.

In addition to a choice of pay out options, you can withdraw up to 10% of the annuity's accumulated value each year without penalty. With the Enhanced Surrender Benefit, you can also let your withdrawal benefit accumulate and withdraw 20% the second year or up to 25% the third year—without incurring a surrender charge.***

* Not available on Security One if bonus is selected.
**Nursing home confinement waiver is not available in all states.
***Withdrawal benefit up to 20% if no surrenders in the prior year and up to 25% if no surrenders in the prior two years. This accumulation of the free withdrawal is not available when the first-year bonus is selected. The taxable portion of each annuity distribution is subject to income taxation. If a taxpayer is younger than 59 1/2 at the time of distribution, a 10-percent federal tax penalty will apply to the taxable portion of the distribution unless a penalty-tax exception applies.

Security One Features

Guaranteed interest rate Competitive interest rate guaranteed for one full year. In subsequent years the rate may change as interest rates fluctuate. Thrivent Financial also guarantees the rate will never fall below a guaranteed minimum rate.   Minimum premium Maximum premium* Guaranteed return of premium** First-year bonus rate Free withdrawals up to 25%** $5,000 $1,000,000 Receive no less than the sum of all premiums paid, less any previous withdrawals, at termination. Option allows higher interest rate for the first full year. Withdraw up to 10% of accumulated value without charge each year. Or allow withdrawal benefit to accumulate and take up to 20% if no surrenders in the prior year and up to 25% if no surrenders in the prior two years. Banded interest rates Allows larger annuities to earn higher interest rate. Bands are based on accumulated value in the contract: $5,000 - $49,999 $50,000 - $99,999 $100,000 - $249,999 $250,000 and above.   Surrender charges+ Without bonus rate: Year 1 2 3 4 5 6 7 8+ Charge 7% 6% 5% 4% 3% 2% 1% 0% With bonus rate: Year 1 2 3 4 5 6 7 8 9 10 Charge 7% 7% 7% 6% 5% 4% 3% 2% 1% 0%   Surrender charge waivers++ The surrender charge is waived in the following situations: Annuitization Death of annuitant Confinement to nursing home+++ Early Advantage (substantially equal periodic payments) Terminal illness Death benefit Pay out options Beneficiary receives full account value - no surrender charges apply. Pay out options include interest income only, fixed amount or required minimum distributions.   Guarantees are based on the financial strength and claims-paying ability of Thrivent Financial for Lutherans. * Higher amounts permitted with approval. ** Not available on Security One if bonus rate is selected. +Charges are based on a percentage of the amount surrendered. ++Some limitations apply. +++Nursing home confinement waiver is not available in all states.

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