Variable Universal Life Insurance offers the flexibility you want and the peace of mind that life insurance can provide. It combines permanent, adjustable life insurance with professionally managed investment choices you select.

Variable Universal Life Insurance builds accumulated value in investment portfolios you choose, which can provide tax-deferred growth potential based on performance. Select from professionally managed stock, bond and money market investments, as well as fixed accounts.

Life insurance that can meet your financial goals
The primary benefit of life insurance is to help your family financially in the event of your death by providing funds to cover expenses or help replace lost Social Security and pension benefits. But with Variable Universal Life Insurance, you also have the benefit of using the accumulated value during your lifetime:

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

Use accumulated value as you choose
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 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.

Multiple ways to manage investment risk
Variable Universal Life Insurance 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.

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

• Consolidate coverage for the entire family to cover short-term needs on one contract.
• Term Life Insurance Benefit
• Spouse Term Life Insurance Benefit
• Child Term Life Insurance Benefit
• Waivers help coverage continue even if you become disabled.
• Disability Waiver of Monthly Deduction Benefit
• Disability Waiver of Selected Amount Benefit
• Applicant Waiver of Selected Amount Benefit
• Increase or add coverage to meet life’s changes.
• Annual Increase Benefit
• Guaranteed Increase Option Benefit
• Accidental Death Benefit

Download a prospectus for Thrivent Financial Variable Universal Life. The prospectus contains more complete information on charges and expenses. You should read the prospectus carefully before you invest or send money.

Flexible Premium Variable Universal Life Insurance, contract forms V-VM-VUL (07) and ICC07 V-VM-VUL, 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 your 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.

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