Variable Universal Life

Variable universal life Insurance offers the flexibility you want and the comfort that life insurance can provide. It combines permanent, adjustable life insurance with professionally managed investment choices you select.

Variable Universal Life Insurance II from Thrivent Financial for Lutherans has the potential to build accumulated value in investment portfolios you choose, which may provide income tax-deferred growth potential based on performance. Select from professionally managed stock, bond and money market investments, as well as fixed accounts.

Here's How It Works

Meet Your Goals for Life
The primary benefit of life insurance is to help your family financially in the event of your death. In that situation, life insurance would provide funds to cover expenses or help replace lost Social Security and pension benefits. But with Variable Universal Life Insurance II, you have the benefit of being able to use the accumulated value during your lifetime to:

Supplement retirement income.
Pay college costs for you or your children.
Transfer wealth to your heirs.
Maximize charitable gifts.

As your accumulated value grows, you can access it in a few ways:

Contract loans are available at any time, subject to interest charges. After you have owned your contract for 10 years, the interest rate on any outstanding or new loans may be reduced.
Partial surrenders allow you to withdraw a portion of your contract's accumulated value as long as enough cash surrender value remains to keep the contract in force. Contractual charges may apply.

While these options help make your Variable Universal Life Insurance II contract more flexible, partial surrenders and/or unpaid debt will reduce your death benefit and the accumulated value available to pay your insurance costs, and may result in the lapse of your contract. A significant taxable event may result if the contract lapses with outstanding debt. Your tax advisor can provide more details.

Customization

You may purchase optional benefits with your life insurance contract for an additional cost.

Consolidation ability – Consolidate coverage for the entire family to cover short-term needs on one contract, with a Term Life Insurance Benefit, Spouse Term Life Insurance Benefit, or Child Term Life Insurance Benefit.
Waivers – Coverage continues even if you become disabled. Choose a Disability Waiver of Monthly Deduction Benefit, Disability Waiver of Selected Amount Benefit, or Applicant Waiver of Selected Amount Benefit.
Additional coverage – Add or increase coverage to meet life's changes with an Annual Increase Benefit, Guaranteed Increase Option Benefit, or Accidental Death Benefit.

Like most insurance contracts, Thrivent Financial's optional benefits contain exclusions, limitations and monthly costs. Refer to the Fee Tables and Additional Benefits sections of the prospectus for more information. A Thrivent Financial representative can provide you with costs and complete details of the optional benefits.

Multiple Ways to Manage Your Contract's Investment Portfolios

Variable Universal Life Insurance II offers a variety of convenient ways to help you manage your contract's investment portfolios.

Automatic Asset Rebalancing
You can have amounts automatically transferred (semi-annually or annually) tax-free among portfolios according to the rebalancing percentages you select.

Tax-free Transfers Between Portfolios
As market conditions and your objectives change, you can transfer funds from one portfolio to another without charge – up to 12 times per year.

Portfolio Diversification
Select investment portfolios based on your risk tolerance. Diversifying among a range of asset classes – stocks, bonds, money market – can be an effective way to reduce risk.

Dollar Cost Averaging
The same amount is invested in your chosen portfolios at regular intervals. This technique lets you take advantage of market fluctuations, since you will purchase more of a portfolio when the price is low and less when it is high.

Diversification and dollar cost averaging do not ensure a profit or protect against losses in a declining market. Because dollar cost averaging involves continual investing, you should consider your long-term ability to continue to make purchases through periods of low price levels.

In considering this product or any variable life insurance product, please note that there are substantial associated fees and charges.

Contact a Thrivent Financial representative to discover how Thrivent Financial's Variable Universal Life Insurance II could benefit your overall financial strategy. Thrivent Financial representatives are licensed insurance agents/producers.

Flexible Premium Variable Universal Life Insurance, contract forms V-VM-VUL (07) Series, ICC07 VM-VUL, UR-MT-TIB (07), ICC07 UR-MT TIB, UR-MS-SIB (07), ICC07 UR-MS-SIB, UR-MC-CIB (07), ICC07 UR-MC-CIB, UR-MM-WMD (07), ICC07 UR-MM-WMD, UR-MW-WSA (07), ICC07 UR-MWWSA, UR-MP-AWSA (07), ICC07 UR-MP-AWSA, UR-MI-AIB (07), ICC08 UR-MI-AIB, UR-MG-GIO (07), ICC08 UR-MG-GIO, UR-MA-ADB (07) and ICC07 UR-MA-ADB is offered by Thrivent Financial for Lutherans, Appleton, WI, 54919, and distributed by Thrivent Investment Management Inc., 625 Fourth Avenue South, Minneapolis, MN, 55415. Thrivent Financial for Lutherans is a fraternal benefit society.

Contact a Thrivent Financial representative for costs and complete details of coverage. Like most insurance contracts, this contract has exclusions, limitations, reductions of benefits and terms under which the contract may be continued in force or discontinued.

Please note that neither Thrivent Financial for Lutherans nor any of its agents give legal or tax advice. The brief discussion of taxes in this section is neither complete nor necessarily up-to-date; the laws and regulations are complex and subject to change. A transfer of the contract, a change in the owner or change in the beneficiary may have tax consequences depending on the particular circumstances. For complete details, consult with your attorney or tax advisor. The description of benefits in this section is brief and does not constitute, in itself, a contract.

Investing in a variable universal life insurance contract involves risk, including the possible loss of principle. More complete information on the investment objectives, risks, charges and expenses of the variable universal life insurance contract and underlying investment options is included in the prospectus, which investors should read and consider carefully before investing.

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

¹ Monthly deductions include cost of insurance, monthly charges, and additional costs associated with any optional riders.

² Loans and surrenders will decrease the death proceeds and the cash surrender value available to pay insurance costs. Surrenders may generate an income tax liability and may be subject to a decrease charge. A significant taxable event can occur if a contract terminates with outstanding debt. Contact your tax advisor for further details. Loans and surrenders may cause a contract to lapse or terminate without value. Loaned values may accumulate at a lower rate than unloaned values.


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