Permanent Life Insurance
Permanent life insurance is a wise, generous way to help care for the people you love. Unlike term insurance, which provides temporary protection, permanent life insurance is designed to last your entire lifetime.
Permanent life insurance can:
- Provide a lifetime of coverage.
- Build income-tax-deferred cash value you may access during your lifetime.1
- Enable you to leave a legacy for your family, church or charity, potentially free of income taxes.2
Source: LIMRA and LIFE Foundation 2013 Insurance Barometer Study.
Whole life insurance
If you want a lifetime of life insurance plus guarantees for yourself, or those you love, consider whole life. It pays a guaranteed death benefit to your beneficiaries, accumulates income-tax-deferred cash value and your premiums won't increase. Plus, your policy has the potential to earn dividends.4
- Guaranteed death benefit.3
- Guaranteed cash value.3
- Guaranteed level premiums.
- Potential to earn dividends.4
Blended life insurance
When your need for life insurance protection is beyond temporary and you're looking for flexibility, consider a contract that offers a blend of permanent and term life insurance. It's designed to help meet your long-term insurance needs and fit your budget.
- Offers a mix of term and permanent life insurance.
- Builds a modest amount of cash value.1,3
- May earn dividends, which could pay for term protection.4
Universal life insurance
Looking for life insurance protection that offers flexible premium payments and the potential to build cash value to use while you're living?1,3 If so, universal life insurance may be appropriate for you and your changing life.
- Pay more when you want and less when you must.
- Skip a premium payment if funds get tight.6
- Potential to build cash value.1
Variable universal life
Variable universal life insurance is similar to universal life insurance in that it combines flexibility with permanent life insurance. It also has the potential to build cash value by investing in your choice of several professionally managed portfolios.5
- Flexible premium payments and permanent coverage.
- Investment choices to match your risk tolerance.5
"We chose permanent life insurance because we can build the cash value. I also like the flexibility it offers."*
* The member's experience may not be the same as other members' and does not indicate future performance or success.
Contract Forms: ICC07 V-VM-VUL, V-VM-VUL (07) Series
Guarantees are backed by the financial strength and claims-paying ability of Thrivent Financial.
Thrivent Financial does not guarantee that it will issue a life insurance contract for all applicants.
Thrivent Financial, its affiliated companies, and their employees and representatives do not give legal, tax or accounting advice. The brief discussion of taxes in this website is not intended to be comprehensive and is subject to change at any time. Thrivent does not make any guarantee regarding tax treatment (federal, state or local) of any contract or of any transaction involving a contract, particularly after insured age 100. Tax laws and regulations are complex and depend on individual circumstances. For complete details, consult your attorney, accountant and tax advisor as needed. The life insurance contracts described briefly in this website have exclusions, limitations, reductions of benefits, and terms under which the contract may be continued in force or discontinued. The contracts will provide all costs and complete details of coverage. For costs and complete details, contact your Thrivent Financial representative.
This is a solicitation for insurance. A Thrivent Financial representative may contact you.
1 Loans and surrenders will decrease the death proceeds and the cash surrender value available to pay insurance costs. Surrenders may generate an income tax liability and may be subject to a decrease charge. A significant taxable event can occur if a contract terminates with outstanding debt. Contact your tax advisor for further details. Loans and surrenders may cause a contract to lapse or terminate without value. Loaned values may accumulate at a lower rate than unloaned values.
2 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.
3 As long as premiums are paid.
4 Dividends are not guaranteed.
5 Investing in a variable insurance contract 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 insurance contract and underlying investment options, which investors should read and consider carefully before investing. Prospectuses are available from a Thrivent Financial representative or at Thrivent.com.
6 As long as there is enough cash value in your contract to cover the cost of insurance.