Term life insurance
You work hard to keep your family safe and secure. But what would happen if you weren’t around to provide for them? Term life insurance can provide you with financial confidence for whatever the future may hold.
Choosing the right life insurance today is the first step in protecting and preparing your family for whatever lies ahead. A term life policy provides protection now and gives you options for changing your coverage as your life changes. It can be a worthwhile (and budget-friendly) way to financially protect your family should you pass away.
The proceeds from your policy could help:
The proceeds from your policy could help:
- Replace your lost income
- Cover your funeral and other end-of-life expenses
- Fund your child’s college education
- Pay medical and hospital bills
- Keep your loved ones in the family home
Thrivent ranks No. 1 on Forbes’ list of 2023 America's Best Insurance Companies in the term life insurance category.*
Free calculator tool
Protecting your family's financial future doesn't have to cost a fortune. Our term life calculator can tell you how much coverage you need and estimate your premium costs in less than five minutes. You may be surprised at how affordable term life insurance can be.

The Wachter family
When their daughter was born, Erin and Aaron Wachter decided it was time to create a financial plan, and that included increasing their life insurance.
A guide to life insurance for new parents
For any new parent, the birth of a child is a life-changing experience. At a moment of such hope and excitement, it's difficult to think you may not always be there for them. But preparing for that day now can be the most meaningful action to take. For many new parents, that includes considering life insurance.
8 in 10 Americans say family is what’s most important to them, but only 54% have life insurance to financially protect their family.
LIMRA 2020 Insurance Barometer Study
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 help you do that.
What’s the difference between term and whole life insurance?
Term life insurance covers you for a specified period, typically between 10 and 30 years, while whole life (which is one type of permanent life insurance) typically lasts for your lifetime. There is no cash value component to a term life policy—it’s designed to give your beneficiaries a cash payout if you pass away during the term. Whole life offers tax-deferred growth and access to the cash value of the policy, which could be income tax free.
How does term life insurance work?
Term life insurance covers you for a specific amount of time. For example, if you get a 20-year policy, you’re covered for that 20-year term. If you die at any point during those 20 years, your beneficiaries receive an income tax free death benefit. However, if your policy expires before your death, there is no payout.
When does term life insurance expire?
Term life is typically offered in 10, 15, 20 and 30 year periods and expires at the end of the term.
Can term life insurance be converted?
Yes, converting from term to permanent coverage allows you to maintain the original health rating of the term policy, even if you have health issues or become uninsurable later. Check your contract for conversion details.

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*The 2023 Forbes Top 10 Term Life Insurance Companies is a listing developed by Statista, a provider of market and consumer data. The 2023 list includes categories for providers of three Property & Casualty Insurance and two Life Insurance products. The winners were determined based on an independent survey from a sample of over 15,000 U.S. citizens that were insurance company customers across the nation. For each category, the insurance company with the highest score was awarded. Companies offering only health insurance or insurance products only via employers were not considered. Respondents rated the insurance companies on a variety of factors including general satisfaction, whether they would recommend, loyalty, financial advice, customer service, price-performance ratio, transparency, digital services and claims/damage/benefit. This rating may not be representative of any one client’s experience although it does include the feedback from a sample of Thrivent’s clients. This rating is not indicative of future performance. A licensing fee was exchanged in order to advertise this recognition.
Term life insurance contracts have exclusions, limitations, reductions of benefits and terms under which the contract may be continued in force or discontinued. For costs and complete details of coverage, contact your licensed insurance agent/producer.
Guarantees based on the financial strength and claims-paying ability of the issuer.
If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance may be solicited.
Thrivent and its financial advisors and professionals do not provide legal, accounting or tax advice. Consult your attorney or tax professional.
Under current tax law [IRC Sec. 101(a)(1)], death proceeds are generally excludable from the beneficiary’s gross income. However, death proceeds may be subject to state and federal estate and/or inheritance tax.
Term life insurance contracts have exclusions, limitations, reductions of benefits and terms under which the contract may be continued in force or discontinued. For costs and complete details of coverage, contact your licensed insurance agent/producer.
Guarantees based on the financial strength and claims-paying ability of the issuer.
If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance may be solicited.
Thrivent and its financial advisors and professionals do not provide legal, accounting or tax advice. Consult your attorney or tax professional.
Under current tax law [IRC Sec. 101(a)(1)], death proceeds are generally excludable from the beneficiary’s gross income. However, death proceeds may be subject to state and federal estate and/or inheritance tax.
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