Deferred Fixed Annuities
A deferred fixed annuity can add a degree of security to your retirement plan by paying you fixed interest for guaranteed, predictable growth. You can purchase a fixed annuity with a lump sum payment, or with flexible premiums (several payments over time), and receive a guaranteed minimum rate of return.1
The Benefits of a Fixed Annuity
The Thrivent Financial deferred fixed annuities, like others, provides specific benefits:
- Tax-deferred growth – You won't pay taxes on the interest your annuity earns until you start taking income, so your money may accumulate more quickly.
- Access to your money – You can withdraw up to 10% of your accumulated value each year without incurring surrender charges.2 And if you become terminally ill or need to access your money to move into a nursing home, surrender charges will be waived.3
- Flexible income – You decide when and how to start taking income by choosing from among several payout options, including lifetime income.
- Death benefit – Upon your death, your beneficiary will receive your full account value, with no surrender charges.
Learn more about the Thrivent Financial Security One Annuity, Security Plus Annuity and Multi-Year Guarantee Series Annuity.
A fixed annuity can provide the benefits you need to plan ahead, plus the flexibility you need to meet life's unexpected turns. Contact a Thrivent Financial representative to see how a fixed annuity can help you thrive in retirement. He or she can provide you with informatioin on costs and features.
1 Current interest rates are guaranteed for one full year. In subsequent years, the rate may change as interest rates fluctuate but will never fall below the guaranteed minimum rate listed in the contract.
2 Withdrawals will decrease the value of your annuity and subsequently the income you receive. Any withdrawals in excess of 10% may be subject to a surrender charge. The taxable portion of each annuity distribution is subject to income taxation. If a taxpayer is younger than 59½ at the time of distribution, a 10% federal tax penalty will apply to the taxable portion of the distribution unless a penalty-tax exception applies.
3 Nursing home confinement waiver is not available in all states.
Guarantees are backed by the financial strength and claims-paying ability of Thrivent Financial for Lutherans.
Annuities are intended to be long-term investments, particularly for retirement.
Contract Forms: A-AF-FPDA (04), A-AS-SPDA (04), A-CF-FPDAC (04) Series, A-AF-FPDA ID (04), A-AS-SPDA ID (04), A-CF-FPDAC ID (04), A-AS-SPDAN TX (06), A-AS-SPDAB TX (06), A-AS-SPDANI WA (04), A-AS-SPDAB WA (04)
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Lump Sum Payment
Acceptance of contract proceeds in a single payment, rather than a series of payments.
Flexible Premium
A premium payment method sometimes offered in connection with annuities and with some types of life insurance that allows the contract owner to alter the amount and the frequency of payments, within specified boundaries defined by the insurer and the law.
Multiple Guarantee Periods
A series of time periods – typically between three and 10 years – that allow the contract owner to lock in several guaranteed interest rates. When one guarantee period ends, the contract owner can reinvest money at the current interest rate for whatever guarantee period they choose.