Thrivent Financial is a company dedicated to serving Lutherans in the
insurance and banking sector. Thrivent is a Fortune 500 financial services organization and is a faith-based organization. Thrivent is the largest fraternal benefit society in the United States. Products include annuities, mutual funds, insurance, banking, and church loans. Brief descriptions of product areas is as follows:
1) Fixed Annuity: A fixed annuity provides defined growth of principal and interest, free from taxes until money is withdrawn. Fixed annuities generally guarantee a fixed amount of interest for several years; others guarantee rates from one to three years, and renew at the option of the
insurance company.
2) Variable Annuity: Variable annuities are designed for people willing to take more risk with their money in exchange for greater growth potential. While there is more risk associated with a variable annuity, many variable annuities offer guarantees of principal and downside protection at an additional cost (depending on contract rider availability).
3) Immediate Income Annuity: An income annuity, also known as an
immediate annuity or
payout annuity, ensures an income source for a lifetime. It's purchased with a single premium payment and an individual's income payments typically begin in a month; he/she can defer the first payment for up to a year. Payments will continue as long as one lives or for a guaranteed period of time that a customer selects.
4) Universal Life: Universal
life insurance offers policy owners the flexibility to choose both the amount of insurance and the premium to be paid with a range of potential premiums.
5) Term Life Insurance: Term life policies pay only a
death benefit and build no cash values. The coverage lasts only as long as the policy stipulates (e.g., 5, 10, 15, or 20 years).
6) Long Term Care/Home Health Care Insurance: A policy that provides benefits that help pay for nursing home care, home health care and comprehensive care (both nursing home and home health care).
| General Information |
|---|
| Website | http://www.thrivent.com |
| Type | Insurance Company |
| Founded | 1902 |
| Ownership | |
| Country | USA |
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