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For retirements with open end-dates

It can be tough to predict how long your retirement savings needs to last. Will you live to age 75? Or to age 105? The right type of annuity can help.

What is an annuity?

If you’re planning for retirement, annuities may complement your existing 401(k) or investment strategy. Annuities combine insurance and savings into one (really useful) financial product. They can guarantee income in retirement for as long as you live.

  • Value can grow at a competitive guaranteed interest rate.
  • Benefit from the advantage of tax-deferred earnings on your annuity.*
  • Get income payments that last as long as you live when you choose lifetime coverage.
Illustration of woman dumping apples in hourglass that turn into pies

Discover the type of annuity that fits you

The type of annuity you choose should match your risk tolerance and retirement timeline.

I want a guaranteed interest rate

Fixed annuity

Fixed annuities pay a minimum interest rate—often around 1% each year. A minimum interest rate means continued earnings. But it won't keep up with high inflation on its own.

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I want a variable rate of return

Variable annuity

Variable annuity performance will respond to fluctuations in the market. Variable annuities put you in a higher-risk environment with the potential for rewards or losses.

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I want retirement income now

Immediate annuity

Immediate annuities provide a retirement income stream that starts right away. You usually pay a one-time amount (a lump sum). In about a month’s time, you can begin receiving payouts.

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I want retirement income later

Deferred annuity

Deferred annuities provide a retirement income stream that may begin in the future. You pay once or make a series of payments over time.

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Explore Multi-Year Guarantee Annuities

A Multi-Year Guarantee Annuity (MYGA) lets your money grow at a fixed interest rate for a pre-determined number of years. Learn more on whether a MYGA could help provide balance to your portfolio.Learn more

Frequently asked questions

Annuities combine insurance and savings to help reduce the risk of outliving your retirement funds.
People buy annuities to help ensure they will have enough money in retirement. This financial product is one of the few that can provide a lifetime income stream in many cases.
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What’s your approach to retirement income?

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How to get started

Work with a Thrivent financial advisor to explore annuities for your retirement.
Find a financial advisor

Reach out to schedule a time to connect.

Meet virtually or in-person

Your advisor will answer your questions and explain how an annuity could benefit your retirement plan.

Decide with confidence

Choose the option that best fits your investment style and retirement goals.

Get the details you're looking for

Get the details on Thrivent annuities. Find rates of return, variable annuity prospectus information and investment choices.
View the current interest rates for Multi-Year Guarantee and Security Plus fixed annuities.
See daily values and performance for the many variable annuities that we offer.
View our prospectus and learn about our Retirement Choice Variable Annuity in the reference center.
View our prospectus and learn about our AdvisorFlex Variable Annuity in the reference center.
View our prospectus and learn about our Flexible Premium Deferred Variable Annuity 2005 in the reference center.
* Thrivent and its financial advisors and professionals do not provide legal, accounting or tax advice. Consult your attorney or tax professional.Investing in a variable annuity involves risk, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the variable annuity contract and underlying investment options, which investors should read and consider carefully before investing. Prospectuses are also available from your Thrivent financial professional.By selecting “Find a Financial Advisor” you will have the opportunity to find and request contact with a Thrivent financial advisor near you. By selecting “Contact the Virtual Advice Team” you will be able to schedule a call with a financial advisor from the Virtual Advice Team.Annuities are intended to be long term, particularly for retirement. Guarantees are based on the financial strength and claims-paying ability of Thrivent.Product availability and features may vary by state.Holding an annuity inside a tax-qualified plan does not provide any additional tax benefits.Withdrawals and surrenders will decrease the value of your annuity and, subsequently, the income you receive. Any withdrawals in excess of 10% may be subject to a surrender charge. The taxable portion of each annuity distribution is subject to income taxation. If a taxpayer is younger than 59½ at the time of distribution, a 10% federal tax penalty will apply to the taxable portion of the distribution unless a penalty-tax exception applies.