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Level life insurance coverage, level premiums for the period you choose
Level Term Life Insurance from Thrivent Financial for Lutherans provides level life insurance coverage, and allows you to choose the length of time you'd like the premiums guaranteed to remain level—either 5, 10, 15, 20 or 30 years.
Following the initial level premium period you chose, you can continue your coverage to age 95 by paying increasing premiums. (In New York, the coverage cannot be continued past the initial term.)
Throughout the initial level premium period (but no later than age 70), you can convert your level term life insurance coverage to any permanent individual life insurance contract offered by Thrivent Financial. (If you are age 65 or older when you purchase the contract, conversion is available for the first 5 years.)
This information applies to Term Life Insurance contract form 4224 (in New York 4222; in Texas TX4224).
Contact your financial representative for costs and complete details of coverage. Like most insurance contracts, this contract has exclusions, limitations, reductions of benefits and terms under which the contract may be continued in force or discontinued.
Please note that neither Thrivent Financial for Lutherans nor any of its agents give legal or tax advice. The brief discussion of taxes in this section is neither complete nor necessarily up-to-date; the laws and regulations are complex and subject to change. A transfer of the contract, a change in the owner or change in the beneficiary may have tax consequences depending on the particular circumstances. For complete details, consult with your attorney or tax advisor. The description of benefits in this section is brief and does not constitute, in itself, a contract.
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