Thrivent Financial Single Premium Immediate Variable Annuity
The Thrivent Financial Single Premium Immediate Variable Annuity (SPIVA) can help you meet your retirement needs – not only by providing immediate income that may last for your lifetime, but by offering the potential for asset growth. The SPIVA is a variable contract, which means its value is based on the performance of the stock and bond investment subaccounts, and/or fixed account, you choose, which in turn will cause your income to fluctuate.
Benefits and Options
With the Thrivent Financial Single Premium Immediate Variable Annuity, you'll also enjoy:
- A Wide Range of Investment Options – You have more than 40 investment options – plus a fixed account option – to choose from so you can allocate your premium according to your individual goals.
- Proven Portfolio Management – The investment options that underlie each subaccount are professionally managed by seasoned portfolio managers, analysts, and traders.
- Free Transfers – You can transfer among subaccounts1 without incurring taxes. You will, however, owe taxes when you receive income or withdraw the money from your contract.2,3 You can transfer among subaccounts1 up to 12 times per contract year without charge. After that, each transfer costs $25.
- Flexible Income Options – You can choose to receive a specific amount, payments for a set period of time, or even income for the rest of your life.3
- A Death Benefit – Upon your death, your beneficiary will receive a death benefit if you choose an income option with a guarantee period and pass away before your guarantee period ends.
Annuities are intended to be long-term investments, particularly for retirement. Contact a Thrivent Financial representative to find out more. He or she can provide you with complete details of investment options, risks and charges.
Guarantees are based on the claims-paying ability of Thrivent Financial for Lutherans.
1 Transfers from the Fixed Account with a one-year guarantee are limited to the greater of $500 or 25% of the accumulated value, per contract year. Transfers from the MVA Account may be subject to a market value adjustment.
2 Withdrawals will reduce your contract value and the amount of your payouts.
3 A portion of each annuity distribution may be subject to income taxation. If a taxpayer is younger than 59½ at the time of distribution, a 10% federal penalty tax will apply to the taxable portion of the distribution unless life income is chosen or a penalty-tax exception applies.
Investing in a variable annuity contract involves risk, including the possible loss of principal. More complete information on the investment objectives, risks, charges and expenses 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 Series, ID4470
201100128 1-11