Thrivent Partner Mid Cap Value Portfolio

Investment Objective

• Seeks long-term capital appreciation.

Investment Strategy

• The Portfolio focuses mainly on the stocks of companies with market capitalizations similar to companies in indexes such as the Russell Midcap® Value Index.
• The subadviser's stock selection reflects a mid cap value style. The Portfolio ordinarily invests in equity securities of mid cap companies that the subadviser believes are undervalued.
• The subadviser uses fundamental research techniques to determine what securities to buy and sell.

Benefits of Investing in the Thrivent Partner Mid Cap Value Portfolio

• The Portfolio offers targeted expertise, with investment professionals focusing on specific industries to deliver depth and breadth of research focus.
• A style-consistent diversification into the mid-cap value space helps to ensure proper diversification, and a forward-looking investment approach focuses on quality businesses selling at compelling valuations.

Special Investment Risks

• The Portfolio is exposed to the risks of investing in equity securities of medium-sized companies. Medium-sized companies often have greater price volatility, lower trading volume, and less liquidity than larger, more-established companies.
• These companies tend to have smaller revenues, narrower product lines, less management depth and experience, smaller shares of their product or service markets, fewer financial resources, and less competitive strength than larger companies.
• Value portfolios are subject to style risk in that value investing may fall out of favor with investors.
• These and other risks are described in the prospectus.

Investment Minimums

• All initial and subsequent investment minimums exist at the contract level. Most subaccounts carry no investment minimums.
• However, a minimum of $1,000 is required if you choose to use the DCA (Dollar Cost Averaging) Fixed Account to fund periodic investments to other subaccounts. See the prospectus for additional information.