Immediate Variable Annuities
Immediate variable annuities can help you turn a single, large sum of money into a stream of income. Income payments usually begin immediately and can continue for the rest of your life. Immediate variable annuities fluctuate in value as they are based on the performance of the stock and bond investment subaccounts, and/or fixed accounts, you choose, which in turn may cause your income to fluctuate.
The Benefits of Immediate Variable Annuities:
Immediate variable annuities provide the following benefits:
- Income Options – You decide how to start taking income by choosing from among several payout options, including lifetime income.
- Growth potential – You have the potential for asset growth offered by the equity and bond markets, however there is also a risk of loss.
- Income stream – You can turn a lump-sum of money, such as a rollover from a retirement account, an inheritance or a cash windfall, into a stream of income to help cover your expenses throughout retirement.1
- Death benefit – If you die during the guaranteed period, your beneficiaries may continue to receive annuity payments for the rest of the period, or the present value of any remaining payments.
An annual mortality and expense (M&E) risk charge of 1.25% will apply to the Thrivent Financial Single Premium immediate variable Annuity. Annuities are intended to be long-term investments, particularly for retirement. Learn more about the Thrivent Financial Single Premium Immediate Variable Annuity.
Make your money last for the rest of your life. Contact a Thrivent Financial representative to see how an immediate annuity can help you thrive in retirement. He or she can provide you with information on costs and features.
Guarantees are backed by the claims-paying ability of Thrivent Financial for Lutherans.
1 Immediate variable annuities may not provide an income stream if market conditions deplete the value of the account. Immediate annuities offer no additional tax benefits when used in an IRA or other tax-qualified plans. A portion of each annuity distribution may be subject to income tax. If a taxpayer is younger than 59½ at the time of distribution, a 10% federal tax penalty may apply to the taxable portion of the distribution unless life income is chosen.
Investing in a variable annuity involves risk, including the possible loss of principal. More complete information on the investment objectives, risk, charges including contingent deferred sales charges and annual contract fees of the variable annuity contract and underlying investment options is included in the prospectuses, which investors should read and consider carefully before investing. Prospectuses are available from a Thrivent Financial representative or at www.thrivent.com.
Contract Forms: 4470, ID4470, A-IA-SPIA (07), A-IP-SPIAP (07), A-IX-SPIAX (07) Series A-I-SPIA ID (07), A-IP-SPIAP ID (07), A-IX-SPIAX ID (07)
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