Life insurance
The life you’ve built is worth protecting. Find coverage that supports loved ones after you're gone. A Thrivent financial advisor can guide you through your policy options so you can make a choice that fits your goals.
Types of life insurance
Whether you want insurance for now or for a lifetime, we have policy 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.
Typically 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.
Typically 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
The cost of life insurance depends on many factors, including your age, health and income, along with the type and amount of life insurance you choose.
A Thrivent financial advisor can work with you to understand your current situation, needs and budget, and help you determine which type of life insurance is best for you.
Once you’ve selected your insurance plan, your financial advisor can calculate an accurate quote – at no cost to you.
Get a free quote
A Thrivent financial advisor can work with you to understand your current situation, needs and budget, and help you determine which type of life insurance is best for you.
Once you’ve selected your insurance plan, your financial advisor can calculate an accurate quote – at no cost to you.
Get started for free
It’s easy to arrange a free consultation with a Thrivent financial advisor to explore your life insurance policy options.
Connect with us below by answering a couple questions so we know how to help.
We'll call you to discuss your needs and connect you with a financial advisor.
Meet with your advisor, explore your options and decide on next steps.
Connect with us below by answering a couple questions so we know how to help.
We'll call you to discuss your needs and connect you with a financial advisor.
Meet with your advisor, explore your options and decide on next steps.
Connect with us
Life insurance might seem complicated, but we can help. Talk with a Thrivent financial advisor to understand all your options and select the type of policy and coverage amount that’s best for you. Once you’ve selected your plan, the advisor will calculate an accurate quote - at no cost to you.
Frequently asked questions
Ensuring your income is protected now and in the future is crucial to your family's wellbeing. The right life insurance policy can keep your loved ones financially secure 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.
A permanent life insurance policy 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
A permanent life insurance policy 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. Transitioning from term to “perm” life insurance allows you to extend your life insurance coverage. The fundamental term conversion option is a standard feature across various term life insurance contracts, allowing policyholders to convert a portion or the entirety of their death benefit from a term policy to a permanent life insurance product. This conversion option typically remains available during the initial years of the term contract, offering individuals flexibility in tailoring their life insurance coverage to better suit their evolving needs.
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.
Still have questions?
We're always here to help.
Investing involves risks, including the possible loss of principal. The prospectus and summary prospectuses of the variable universal life contract and underlying investment options and mutual fund prospectus contain more information on the investment objectives, risks, charges and expenses, which investors should read carefully and consider before investing. Available at Thrivent.com.
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.
This contract has exclusions, limitations and terms under which the benefits may be reduced, or the contract may be discontinued. For costs and complete details of coverage, contact your licensed insurance agent/producer.
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.
This contract has exclusions, limitations and terms under which the benefits may be reduced, or the contract may be discontinued. For costs and complete details of coverage, contact your licensed insurance agent/producer.
2.2.1