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LAST UPDATED: September 18th, 2023

Thrivent Financial is a nonprofit, mutually-owned financial services company that offers retirement planning and several kinds of insurance. Thrivent Financial began in the early 1900s as two separate companies, Aid Association for Lutherans and Lutheran Brotherhood. These companies merged in 2001 to become Thrivent Financial.

Thrivent Financial initially offered its services and membership to Lutherans only and has since opened its services to all Christians.

Thrivent Financial has a high financial rating from A.M. Best and has also been listed as one of the “World’s Most Ethical Companies” by Ethisphere Institute 2012-2020. High financial strength ratings indicate that an insurer is likely to meet its claims obligations. These ratings combined with high ethics show that you can trust Thrivent Financial.

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The Good

  • High Financial Strength Ratings
  • Permanent and Term Life Insurance Options
  • Member Benefits
  • Giving Back to the Community
  • Additional Financial Products

High Financial Strength Ratings

Thrivent has earned high financial strength ratings from A.M. Best. Financial strength ratings indicate an insurer's ability to meet its claims obligations, so high ratings make Thrivent a reliable insurance provider.

Permanent and Term Life Insurance Options

Thrivent's selection of life insurance policies makes it competitive with other insurers.

Thrivent Financial offers several lengths for term life insurance: 10 years, 15 years, 20 years, or 30 years. This flexibility allows individuals to lock in life insurance rates for the period of time that works best for them.

Thrivent also offers several options for permanent life insurance:

  • Whole Life Insurance
  • Universal Life Insurance
  • Variable Universal Life Insurance

Thrivent Financial’s whole life insurance has a level premium, guaranteed cash value and death benefit, and the potential to earn dividends.

Thrivent Financial’s universal life insurance comes with more flexibility on premium payments and the ability to grow a cash value in addition to the death benefit.

Thrivent Financial’s variable universal life insurance has several options for investing the cash value.

With so many life insurance coverage options, you'll be able to find a policy that fits your needs whether you are looking for term or permanent life insurance.

Member Benefits

Thrivent members can receive discounts on Experian identity monitoring, dental care, vision care, hearing aids, and prescription drugs.

Thrivent also publishes resources and hosts workshops with financial advice, like will and estate planning. Thrivent Financial also has guides to help people through grief and making decisions after a death. It also offers programs to help orphan children of Thrivent members, care packages for people grieving the loss of a baby. These thoughtful programs make Thrivent stand out from other financial services and insurance companies.

You can also benefit from working with a financial adviser for personalized advice and financial planning.

Giving Back to the Community

Another way Thrivent Financial members benefit is through increased service and donation opportunities.

Through the Thrivent Choice Dollars® program, qualifying members can choose where Thrivent Financial donates a certain amount from a provided list of nonprofit organizations and churches.

Members can also make recommendations of organizations that Thrivent Financial should add to the list.

Thrivent members can also lead Thrivent Action Teams once or twice a year. When members see a need in their community, they can form a group of volunteers to do a service project to meet that need. If Thrivent approves the project, the Action Team will get materials and $250 to help get the project started in a Thrivent Action Kit.

Additional Financial Products

As a financial institution, Thrivent offers many types of financial products. It offers retirement services, annuity products, and investments.

Thrivent also offers assistance with trusts, mutual fund investments, and planning for college. It also offers banking services and has its own credit union: Thrivent Federal Credit Union.

Other kinds of insurance can also be purchased from Thrivent. These include disability income, long-term care, and Medicare supplement insurance. Medicare supplement insurance is designed to help control Original Medicare's out-of-pocket costs.

Whatever your financial needs are, you're likely to find what you need at Thrivent.


The Bad

  • Only Open to Christians
  • Terms and Conditions

Only Open to Christians

Thrivent Financial is a financial institution dedicated to helping Christians seek financial stability and generosity. To become a Thrivent member, you must be a Christian.

If you are not a Christian, a Thrivent Financial insurance product is not an option for you. You'll want to find another insurance company to work with.

Terms and Conditions

Thrivent Financial’s life insurance policies come with terms and conditions. An applicant for life insurance must be approved through the application process before Thrivent Financial will issue a life insurance policy.

Additionally, the death benefit and cash value received are affected by whether the monthly premiums are paid. Customers can view other terms and conditions on Thrivent Financial’s website or by speaking with a Thrivent Financial representative.


The Bottom Line

Thrivent Financial offers many life insurance policies and has a high financial rating. It also contributes generously through Thrivent Choice Dollars® and Thrivent Action Teams. If you are a Christian, Thrivent Financial is a great option when choosing a life insurance company. As with any life insurance policy, pay attention to the terms and conditions before committing to it.

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Have been with them for over 40 years. They have never failed to deliver on what they said they were going to do.

6 years ago


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Kim Periman Tovey, IL

Extremely knowledgeable, helpful setting up life insurance and retirement account.

3 years ago