Term life insurance provides basic life insurance coverage. Pay the premiums when due and even if your health changes, you're guaranteed that during the term you select, your premiums will remain level and your death benefit won't change.
(not available in New York)
There are several term lengths to fit your needs.
Every situation is unique, and so are your coverage options. Your free online quote is available in a wide range of coverage amounts:
Your premiums are guaranteed not to increase during the term period selected.
Basic Term Conversion is included on all term contracts. Extended Term Conversion can only be selected at issue for an additional cost. Term life insurance conversion privileges allow you to convert your contract to permanent life insurance without underwriting or answering health questions.
At any time during the next five years, you can convert all or some of your death benefit to any permanent life insurance product Thrivent offers.
At any point before you reach age 70 or the end of your term period - whichever comes first - you can convert all or some of your death benefit to any permanent life insurance product Thrivent offers.
Any death benefit available at the end of your term period will automatically change to yearly renewable term*. At that time, your premiums will be calculated based on your current age and will likely increase.
* Renewability is included in the contract for specific issue ages and term periods.
Standard on all contracts. It pays the death benefit if you have a life expectancy of 24 months or less as certified by you qualified physician.
1 State variations may apply.
In some states the accelerated death benefit may affect the eligibility for public assistance and may be taxable. An administrative fee of up to $150 will be charged for exercising this benefit; the death benefit is discounted as described in the rider. Consult with your tax advisor about the potential taxable effect of receiving funds under this Accelerated Death Benefit for Terminal Illness Benefit Rider. Please be aware that if the entire death benefit is accelerated, the life insurance contract will terminate on the date the benefit is paid. Partial accelerated benefits are not allowed in Oregon. In Pennsylvania and Texas, benefits are available if the insured has a life expectancy of 12 months or less.
An optional rider available for an additional cost that waives your premiums if you become totally disabled as defined in the contract.
Several risk classes are available. All applicants will be underwritten and offered the most appropriate risk class that they qualify for based on underwriting. Risk classes include:
Additional options can be quoted through your Thrivent Financial representative or by calling the Virtual Advice Team at 888-834-7428.
Contract Forms: ICC18 L-CT-LT, L-CT-LT (18) Series. Rider Forms: ICC18 LR-TT-DWP, LR-TT-DWP (18), LR-MX-ACCB (08) Series
THRIVENT FINANCIAL IS THE MARKETING NAME FOR THRIVENT FINANCIAL FOR LUTHERANS
Guarantees are backed by the financial strength and claims-paying ability of Thrivent Financial for Lutherans.
The Thrivent Financial Level Term Life Insurance contract described briefly in this website has exclusions, limitations, reductions of benefits, and terms under which the contract may be continued inforce or discontinued. For costs and complete details of coverage, contact your Thrivent Financial representative or the Virtual Advice Team.
The federal income tax treatment of life insurance contracts is unclear in certain circumstances. A qualified tax advisor should always be consulted with regard to the application of law to individual circumstances. Thrivent Financial 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.
In some states the accelerated death benefit may affect the eligibility for public assistance and maybe taxable. An administrative fee of up to $150 will be charged for exercising this benefit; the death benefit is discounted as described in the rider. Consult with your tax advisor about the potential taxable effect of receiving funds under this Accelerated Death Benefit for Terminal Illness Benefit Rider. Please be aware that if the entire death benefit is accelerated, the life insurance contract will terminate on the date the benefit is paid. Partial accelerated benefits are not allowed in Oregon. In New York, Pennsylvania and Texas, benefits are available if the insured has a life expectancy of 12 months or less.