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 As long as premiums are paid.
3 Dividends are not guaranteed.
4 Paying large additional premiums may cause your contract to become a modified endowment contract (MEC) as defined in the Internal Revenue Code (IRC). This will affect the taxation of any distributions from your contract. In addition, the IRC limits the amount of premiums that can be paid into your contract.
5 Reducing premiums or skipping a premium payment will affect your accumulated value (and the death benefit on universal life contracts with an increasing death benefit option) and may cause your contract to lapse.
6 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 professional or at Thrivent.com
7 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.
8 Ratings based on Thrivent's financial strength and claims-paying ability. Do not apply to investment product performance. The rating also refers only to the overall financial status of the company and is not a recommendation of the specific policy provisions, rates or practices of the insurance company. www.fitchratings.com
This is a solicitation for insurance. A Thrivent Financial professional may contact you. Thrivent Financial professionals are licensed insurance agents/producers.
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 professional.