Optional Living Benefits

Ease your worries about negative market performance or not having reliable income in retirement. For an additional fee, you can add one of the following living benefits to your Thrivent Financial Flexible Premium Deferred Variable Annuity.

Guaranteed Lifetime Withdrawal Benefit

Adding this feature to your variable annuity for an additional fee (current range is 0.50% to 1.25%, not to exceed a maximum of 1.25%) can provide you guaranteed income for the rest of your life, while staying invested in the equity markets, and maintaining control of you asset. If you are concerned about having income you can count on in retirement consider adding the Guaranteed Lifetime Withdrawal Benefit (GLWB). You have the ability to choose three asset allocation subaccounts to invest your assets. 100% of your assets must be placed into one of these subaccounts; restrictions apply for reallocating your assets to another subaccount. There may be other income options which may be more suitable; please consult a Thrivent Financial representative for more information. The GLWB rider can provide you with:

• Lifetime income guarantee – Once you begin taking annuity distributions, your payment will not decrease – unless you take more than your guaranteed withdrawal amount – even if market performance depletes your account.
• Annual market gain "lock-in" – On each contract anniversary date, any increase to your benefit base made that year will be automatically "locked in." The benefit base will step up to the contract anniversary accumulated value if it is greater otherwise, the benefit base is unchanged. If you are receiving distributions, the amount of the distributions can also increase due to these increases in your benefit base. The annual market gain lock occurs on or before the date you reach age 90.
• Flexible withdrawal options – You can choose to take withdrawals annually, quarterly, monthly or not at all—whatever works best for you.
• Liquidity of cash values – Even after you begin taking payouts, you'll still have full access to your accumulated value. Keep in mind that additional withdrawals could reduce your annual payment amount.
• "Return of investment" death benefit guarantee – You'll receive your entire investment amount through annual withdrawals that continue to your beneficiaries until the total amount is paid out.

Return Protection Allocations

A great challenge for investors is trying to balance the benefit of capturing the potential for investment growth against the risk of a potential loss to their accumulated values This benefit option gives you access to the upside return potential of the equity and bond markets, reduced by the cost of the benefit itself (currently 0.75% annually, not to exceed a maximum of 0.75%), while assuring a guaranteed minimum accumulated value should there be a loss in the contract do to negative investment performance. You must leave your assets in your chosen 7 or 10 year allocation for the duration of the period in order to see a potential benefit of the rider. You can choose from two options:

• 7-Year Return Protection Allocations – After a 7-year waiting period, you're guaranteed an accumulated value at least equal to the amount guaranteed in the contract. The actual value guaranteed depends on your selected asset allocation strategy and the subsequent asset allocation subaccount chosen (moderately conservative or moderate).
• 10-Year Return Protection Allocations – In this case you have a 10-year waiting period. After this period, you're guaranteed an accumulated value at least equal to the amount guaranteed in the contract. This option also offers you a moderately aggressive strategy option, with greater return potential.

You are not required to withdraw funds in a prescribed way and it is not necessary to annuitize your account to receive the benefit of the Return Protection Allocation.

You should choose this benefit only if you do not plan to access the funds until the end of the waiting period (7 or 10 years), since no prorated benefit is available at an earlier date.

Contact a Thrivent Financial representative to explore how these optional benefits might help you protect your retirement income. He or she can provide you with costs, complete details of coverage, exclusions, reduction of benefits, and terms under which the contract may be continued in force or discontinued.

Guarantees are backed by the financial strength and claims-paying ability of Thrivent Financial for Lutherans.

Variable annuity contracts, where available, are offered and underwritten by Thrivent Financial for Lutherans, Appleton, WI 54919-0001. The distributor is Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, 800-THRIVENT (800-847-4836), a wholly owned subsidiary of Thrivent Financial for Lutherans and member FINRA, SIPC.

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 on the taxable portion of the distribution unless 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 prospectus (PDF, 936K), which investors should read and consider carefully before investing.

Contract Forms: W-BC-FPVA (05) Series W-BC-FPVA ID (05), WR-LW-GLWB (07)

	Download Adobe Acrobat Reader (needed to view .pdf files)

200905116 1/10