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Insurability Benefit
This benefit makes available for purchase $10,000 of paid-up-at-65 life insurance for
children age birth through 15 who are uninsurable.
At least one parent or legal guardian must be a Thrivent Financial
benefit member1 and must have been a benefit member for at least 60 days prior to submitting the application.
To apply for this benefit:
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Newborn
Death Benefit
Thrivent Financial members who lose a child less than 60 days
after live birth can receive a $5,000 death benefit. The benefit
is honored for up to two years after the loss occurs.
At
least one parent must be a Thrivent Financial
benefit member1 and must have been a benefit member for
at least 60 days before the birth of the child.
To apply for this benefit:
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Legacy
Support for Children
As a benefit of membership, Thrivent Financial for Lutherans offers the Legacy Support for Children benefit to orphaned children of Thrivent Financial benefit members1. Eligible orphaned children receive a payment of $100 per month until age 19. The monthly benefit continues when the child is enrolled as a full-time student at an accredited institution of post-secondary undergraduate education, such as a college, university or vocational/technical school. In addition, the orphan is eligible for the College Expense Benefit. The amount of this grant is based on financial need, which is determined by the school's financial aid office. The minimum amount is $1,500 per year, up to a total maximum of $6,000 over a four-year period, until the child turns age 23.
For the child to be eligible for the benefit, all of the following must apply. The orphaned child:
- Must be less than 19 years of age or not yet graduated from high school.
- Must have a qualified connection2 to an insurance or annuity product of Thrivent Financial for Lutherans at the time of becoming an orphan.
- Must have lost both parents, one of whom was a Thrivent Financial benefit member1 at the time of death, or have lost the single parent who was the child’s sole custodian and was a Thrivent Financial benefit member at the time of death.
To apply for this benefit:
The benefit ceases when the orphan does any one of the following:
- Reaches age 19 (or age 23, if enrolled as a full-time student in an accredited college or vocational/technical school).
- Graduates from high school and does not enroll as a full-time student in an accredited institution of post-secondary undergraduate education.
- No longer attends school fulltime (for reasons other than a disabling illness).
- Marries.
- Enters the military service.
- No longer has a qualified connection2, as determined by Thrivent Financial, to an insurance or annuity product of Thrivent Financial for Lutherans.
1Benefit member – A benefit member of the fraternal benefit society, Thrivent Financial for Lutherans, is an individual age 16 or older who has applied for and been accepted into membership in accordance with the eligibility rules, AND who has a qualified connection2 to an insurance or annuity product of Thrivent Financial for Lutherans or received a settlement agreement from such insurance.
2Qualified connection – For benefit membership purposes, an individual is considered to have a qualified connection to a Thrivent Financial insurance or annuity product if they have a product relationship such as being an insured, annuitant/joint annuitant, covered spouse, covered child, applicant, owner, payee/joint payee or other relationships as approved by Thrivent Financial for Lutherans.
NOTE: The Child Insurability Benefit, Newborn Death Benefit and Legacy Support for Children Benefit are not guaranteed contractual benefits. The interpretation of the provisions of these programs is solely the responsibility of Thrivent Financial for Lutherans. These programs are reviewed and evaluated regularly. Thrivent Financial reserves the right to change, modify or discontinue the Child Insurability Benefit, Newborn Death Benefit and/or Legacy Support for Children Benefit or any part of them, at any time.
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