Life insurance
The life you’ve built is worth protecting. Select coverage that supports loved ones after you're gone.
Life insurance isn't one-size-fits-all. There’s a range of types and features to consider—many of which can be customized to your individual needs. A Thrivent financial advisor will guide you through your options so you can make a choice that fits your goals.
Types of life insurance
How much life insurance coverage you need depends on your unique financial situation.
Permanent life insurance
If you pass away while coverage is in place, your contract will pay a death benefit.¹ It may also build cash value that you can access if needed for any purpose such as retirement expenses, education expenses, or a down payment on a major purchase.³
- Lifetime coverage²
- Flexible premiums (on some products)
- Potentially provides cash value growth
- Potentially earns dividends
- Provides a death benefit to give beneficiaries financial support¹
Term life insurance
Term life insurance may be a good choice if you want coverage while you’re paying off a mortgage or putting your kids through school.
- Fixed coverage period
- Fixed premiums during the term period
- May be renewable or convertible
- Does not have cash value
- Provides a death benefit to give beneficiaries financial support¹
Permanent life insurance
If you pass away while coverage is in place, your contract will pay a death benefit.¹ It may also build cash value that you can access if needed for any purpose such as retirement expenses, education expenses, or a down payment on a major purchase.³
- Lifetime coverage²
- Flexible premiums (on some products)
- Potentially provides cash value growth
- Potentially earns dividends
- Provides a death benefit to give beneficiaries financial support¹
Term life insurance
Term life insurance may be a good choice if you want coverage while you’re paying off a mortgage or putting your kids through school.
- Fixed coverage period
- Fixed premiums during the term period
- May be renewable or convertible
- Does not have cash value
- Provides a death benefit to give beneficiaries financial support¹
Life insurance solutions
Whether you want insurance for now or for a lifetime, we have options to help protect what’s important.
Term life
Generally considered the most affordable option.
Coverage period
A coverage or benefit period is the length of time during which an insurance policyholder or their dependents may file and receive payment for a covered event.
10, 15, 20 or 30 years
Premiums
The amount you pay your insurance provider for your life insurance policy to keep it in force. It is the cost of your coverage.
Fixed
Cash value
A portion of each premium you pay for cash value life insurance goes toward insuring your life, while the other portion goes toward building up a cash value. The cash value portion of your policy accrues tax-deferred interest. How the money earns interest depends on the type of permanent life insurance policy you purchase.
None
Dividends
An annual dividend is a yearly payment granted to an insurance policyholder, often of a permanent life insurance or long-term disability policy. Dividends may be paid to a contract when actual results are better than assumed results based on factors including claims experience, investment performance and managed business expenses.
None
Death benefit
It is the sum of money that the insurance company pays to beneficiaries when the insured passes away.
Beneficiaries receive benefits¹
Whole life
Consistent premiums and guaranteed cash value growth.
Coverage period
A coverage or benefit period is the length of time during which an insurance policyholder or their dependents may file and receive payment for a covered event.
Your entire life¹
Premiums
The amount you pay your insurance provider for your life insurance policy to keep it in force. It is the cost of your coverage.
Fixed
Cash value
A portion of each premium you pay for cash value life insurance goes toward insuring your life, while the other portion goes toward building up a cash value. The cash value portion of your policy accrues tax-deferred interest. How the money earns interest depends on the type of permanent life insurance policy you purchase.
Guaranteed growth
Dividends
An annual dividend is a yearly payment granted to an insurance policyholder, often of a permanent life insurance or long-term disability policy. Dividends may be paid to a contract when actual results are better than assumed results based on factors including claims experience, investment performance and managed business expenses.
Potentially earned (but not guaranteed)
Death benefit
It is the sum of money that the insurance company pays to beneficiaries when the insured passes away.
Beneficiaries receive benefits¹
Universal life
Adjustable premiums and cash value.
Coverage period
A coverage or benefit period is the length of time during which an insurance policyholder or their dependents may file and receive payment for a covered event.
Your entire life¹
Premiums
The amount you pay your insurance provider for your life insurance policy to keep it in force. It is the cost of your coverage.
Flexible
Cash value
A portion of each premium you pay for cash value life insurance goes toward insuring your life, while the other portion goes toward building up a cash value. The cash value portion of your policy accrues tax-deferred interest. How the money earns interest depends on the type of permanent life insurance policy you purchase.
Reflects mimiumum interest rate
Dividends
An annual dividend is a yearly payment granted to an insurance policyholder, often of a permanent life insurance or long-term disability policy. Dividends may be paid to a contract when actual results are better than assumed results based on factors including claims experience, investment performance and managed business expenses.
Not guaranteed
Death benefit
It is the sum of money that the insurance company pays to beneficiaries when the insured passes away.
Beneficiaries receive benefits¹
Variable universal
More control over cash value management with investment options.
See prospectuses
Coverage period
A coverage or benefit period is the length of time during which an insurance policyholder or their dependents may file and receive payment for a covered event.
Your entire life²
Premiums
The amount you pay your insurance provider for your life insurance policy to keep it in force. It is the cost of your coverage.
Flexible
Cash value
A portion of each premium you pay for cash value life insurance goes toward insuring your life, while the other portion goes toward building up a cash value. The cash value portion of your policy accrues tax-deferred interest. How the money earns interest depends on the type of permanent life insurance policy you purchase.
Reflects investment options selected
Dividends
An annual dividend is a yearly payment granted to an insurance policyholder, often of a permanent life insurance or long-term disability policy. Dividends may be paid to a contract when actual results are better than assumed results based on factors including claims experience, investment performance and managed business expenses.
Not guaranteed
Death benefit
It is the sum of money that the insurance company pays to beneficiaries when the insured passes away.
Beneficiaries receive benefits²
Term life
Generally considered the most affordable option.
Coverage period
A coverage or benefit period is the length of time during which an insurance policyholder or their dependents may file and receive payment for a covered event.
10, 15, 20 or 30 years
Premiums
The amount you pay your insurance provider for your life insurance policy to keep it in force. It is the cost of your coverage.
Fixed
Cash value
A portion of each premium you pay for cash value life insurance goes toward insuring your life, while the other portion goes toward building up a cash value. The cash value portion of your policy accrues tax-deferred interest. How the money earns interest depends on the type of permanent life insurance policy you purchase.
None
Dividends
An annual dividend is a yearly payment granted to an insurance policyholder, often of a permanent life insurance or long-term disability policy. Dividends may be paid to a contract when actual results are better than assumed results based on factors including claims experience, investment performance and managed business expenses.
None
Death benefit
It is the sum of money that the insurance company pays to beneficiaries when the insured passes away.
Beneficiaries receive benefits¹
Whole life
Consistent premiums and guaranteed cash value growth.
Coverage period
A coverage or benefit period is the length of time during which an insurance policyholder or their dependents may file and receive payment for a covered event.
Your entire life¹
Premiums
The amount you pay your insurance provider for your life insurance policy to keep it in force. It is the cost of your coverage.
Fixed
Cash value
A portion of each premium you pay for cash value life insurance goes toward insuring your life, while the other portion goes toward building up a cash value. The cash value portion of your policy accrues tax-deferred interest. How the money earns interest depends on the type of permanent life insurance policy you purchase.
Guaranteed growth
Dividends
An annual dividend is a yearly payment granted to an insurance policyholder, often of a permanent life insurance or long-term disability policy. Dividends may be paid to a contract when actual results are better than assumed results based on factors including claims experience, investment performance and managed business expenses.
Potentially earned (but not guaranteed)
Death benefit
It is the sum of money that the insurance company pays to beneficiaries when the insured passes away.
Beneficiaries receive benefits¹
Universal life
Adjustable premiums and cash value.
Coverage period
A coverage or benefit period is the length of time during which an insurance policyholder or their dependents may file and receive payment for a covered event.
Your entire life¹
Premiums
The amount you pay your insurance provider for your life insurance policy to keep it in force. It is the cost of your coverage.
Flexible
Cash value
A portion of each premium you pay for cash value life insurance goes toward insuring your life, while the other portion goes toward building up a cash value. The cash value portion of your policy accrues tax-deferred interest. How the money earns interest depends on the type of permanent life insurance policy you purchase.
Reflects mimiumum interest rate
Dividends
An annual dividend is a yearly payment granted to an insurance policyholder, often of a permanent life insurance or long-term disability policy. Dividends may be paid to a contract when actual results are better than assumed results based on factors including claims experience, investment performance and managed business expenses.
Not guaranteed
Death benefit
It is the sum of money that the insurance company pays to beneficiaries when the insured passes away.
Beneficiaries receive benefits¹
Variable universal
More control over cash value management with investment options.
See prospectuses
Coverage period
A coverage or benefit period is the length of time during which an insurance policyholder or their dependents may file and receive payment for a covered event.
Your entire life²
Premiums
The amount you pay your insurance provider for your life insurance policy to keep it in force. It is the cost of your coverage.
Flexible
Cash value
A portion of each premium you pay for cash value life insurance goes toward insuring your life, while the other portion goes toward building up a cash value. The cash value portion of your policy accrues tax-deferred interest. How the money earns interest depends on the type of permanent life insurance policy you purchase.
Reflects investment options selected
Dividends
An annual dividend is a yearly payment granted to an insurance policyholder, often of a permanent life insurance or long-term disability policy. Dividends may be paid to a contract when actual results are better than assumed results based on factors including claims experience, investment performance and managed business expenses.
Not guaranteed
Death benefit
It is the sum of money that the insurance company pays to beneficiaries when the insured passes away.
Beneficiaries receive benefits²
A century of putting people first
Thrivent’s roots date back to 1902
We started out back in 1902, providing much-needed insurance contracts and support for underserved communities. The values that steered us then—generosity and appreciation for what's important in life—are the same values that drive us today as a Fortune 500 company.
More than a century later, life insurance continues to play a key role in building the financial futures of our clients.
More than a century later, life insurance continues to play a key role in building the financial futures of our clients.
Free learning tool
Enter your current assets, expenses and income. You can also adjust the inflation rate and your expected rate of return to see how these variables could impact your insurance needs.
Frequently asked questions
When you're thinking about your family's finances, ensuring that your income is protected now and in the future is essential. Life insurance can keep your family financially on track even after you're gone.
What is permanent life insurance?
It’s an insurance contract that provides coverage throughout your life (as long as you’ve paid your premiums and your contract retains value). In addition to offering a death benefit, it may build cash value—which you can access during your life to provide supplemental income or pay expenses. It may also build cash value that you can access if needed for any purpose such as retirement expenses, education expenses, or a down payment on a major purchase.³
What is term life insurance?
It’s life insurance that covers you for a specified period of time, otherwise called a term. If you die during that period of time, as long as you’ve paid your premiums, the contract pays a death benefit to your beneficiary.
Permanent vs. term life insurance: What’s the difference?
Term life insurance lasts for a set number of years. Permanent life insurance can provide coverage throughout your entire life. With both term and permanent life insurance, if you pass away while coverage is in place, your contract will pay a death benefit². Permanent life insurance also provides an opportunity to build cash value—which you can access by taking loans or withdrawals³.
Can I convert from term to a permanent life insurance contract later on?
Yes, you can—as long as you don’t wait too long. Converting from term to “perm” life insurance allows you to extend your life insurance coverage. The basic term conversion is standard on all Thrivent term life insurance contracts, meaning that for the first five years of your contract, you can convert some or all of your death benefit from a term contract to a Thrivent permanent life insurance product.
Should I buy life insurance for my child?
There’s more to children’s life insurance than the death benefit. A children’s life insurance policy could help you save on premiums and guarantee your child’s future insurability. It could also build cash value that can be used for retirement expenses, education expenses, or a down payment on a major purchase.
Connect
The best financial guidance and advice should focus on your personal goals and dreams. That takes a personal connection. We can help.
Investing in variable universal life insurance involves risk, including the possible loss of principal. More information on this contract's underlying investments—and their objectives, risks, charges and expenses—is in the prospectus(es). Investors should read and consider the prospectus(es) carefully before investing. Get these documents from your Thrivent financial professional or in the resource center.
This is a solicitation for insurance. When you submit your information, one of our licensed insurance agent/producers will contact you.
1As long as you pay sufficient premiums and the contract is in force on the date of the insured's death.
2As long as premiums are paid, and your contract retains value.
3You can access the cash value of a permanent life insurance contract during your life to pay for expenses, as long as you understand the consequences of doing so. For example, removing money from your contract can result in potential charges and income changes that affect your taxes. If you have a modified endowment contract, your actions may not be tax-free. Withdrawing money decreases the contract’s cash value and the value of your death benefit. And can result in cancellation of your life insurance coverage if you withdraw too much. If you remove money, it will take you longer to meet your contract goals. Always talk with your tax advisor and financial professional to learn about those implications up front.
Refer to the Thrivent Investment Management Inc. Customer Relationship Summary form for more information about us; our relationships and services; fees, costs, conflicts, and standard of conduct; disciplinary history; and additional information. Available upon request from your financial professional and onthrivent.com/disclosures. Life insurance guarantees are based on Thrivent’s financial strength and claims-paying ability.
This is a solicitation for insurance. When you submit your information, one of our licensed insurance agent/producers will contact you.
1As long as you pay sufficient premiums and the contract is in force on the date of the insured's death.
2As long as premiums are paid, and your contract retains value.
3You can access the cash value of a permanent life insurance contract during your life to pay for expenses, as long as you understand the consequences of doing so. For example, removing money from your contract can result in potential charges and income changes that affect your taxes. If you have a modified endowment contract, your actions may not be tax-free. Withdrawing money decreases the contract’s cash value and the value of your death benefit. And can result in cancellation of your life insurance coverage if you withdraw too much. If you remove money, it will take you longer to meet your contract goals. Always talk with your tax advisor and financial professional to learn about those implications up front.
Refer to the Thrivent Investment Management Inc. Customer Relationship Summary form for more information about us; our relationships and services; fees, costs, conflicts, and standard of conduct; disciplinary history; and additional information. Available upon request from your financial professional and on
2.2.1