Customers can choose between term and permanent life insurance. Thrivent provides term life insurance to help ensure simple protection during a temporary situation - such as paying a mortgage or putting your kids through school. Customers generally enjoy benefits that include: Lower premium payments that stay locked in for the term chosen, a death benefit to help cover financial needs incurred by loved ones, and options to convert policies into permanent insurance. Their permanent life insurance options include: whole life insurance, universal life insurance, and variable universal life insurance.