Thrivent Term Life Insurance: Protect Your Family’s Future

Thrivent term life insurance is designed to provide affordable death benefit protection for a specific period, known as the “term”. It can help provide financial security for your loved ones in the event of your passing. 

Thrivent offers renewable and convertible term life insurance policies. With a renewable policy, you can renew coverage at the end of each term without a medical exam up to a certain age, usually around age 95. With a convertible policy, you have the flexibility to convert to a permanent life insurance policy without proof of insurability if your needs change in the future.

Thrivent has several term life insurance policy options to choose from:

  • Thrivent Term Life: Offers 10, 15, 20, and 30-year term lengths. This is Thrivent’s most basic and affordable term life product. 
  • Thrivent Accelerated Benefit Term Life: Includes chronic illness and terminal illness accelerated death benefit riders in addition to renewable term life coverage terms of 10, 15, 20, or 30 years.
  • Thrivent Guaranteed Insurability Term Life: You can purchase additional coverage at set intervals without medical underwriting. Term lengths are 10, 15, 20, and 30 years.

The term life policies are underwritten by Thrivent, a Fortune 500 financial services organization helping Christians be wise with money and live generous lives. Thrivent has a strong financial rating and a long history dating back over 100 years.

How Does Thrivent Term Life Insurance Work?

Term life insurance from Thrivent provides coverage for a specific time period, known as the “term”. This can range from 10 to 30 years typically. 

Thrivent offers renewable and convertible term life insurance policies. With renewable term, you can renew the policy for additional terms without a new medical exam, up to a specified age limit. With a convertible term, you have the option to convert the term policy to permanent life insurance without proof of insurability.

During the policy term, if the insured person passes away, the death benefit will be paid out to the listed beneficiaries. If the policy term expires and the insured is still living, coverage simply ends – there is no cash value or savings built up.  

Term life is one of the most affordable forms of life insurance because it offers pure protection. Since there is no cash value component, the premiums are only covering the cost of the death benefit itself. This makes term life attractive for those wanting insurance strictly for income replacement.

Thrivent has different term lengths available including 10-year, 15-year, 20-year, and 30-year terms. They also offer term policies for children. The death benefit can remain level for the entire term or decrease over time. 

Thrivent Term Life Policy Options

Thrivent offers several term life insurance policy options to choose from based on your needs and budget. 

  • 10-Year Term – This policy lasts for 10 years and is a good low-cost option if you only need life insurance for a short period of time. Thrivent’s 10-year term policies have guaranteed level premiums.
  • 20-Year Term – A 20-year term policy will provide longer coverage at still-affordable rates. Like the 10-year policy, the rates are locked in for the entire 20 years. 
  • 30-Year Term – For the longest coverage in a term life policy, Thrivent offers 30-year terms. This is a good option if you need life insurance well into middle age to protect your family. The premiums are guaranteed to stay level for the full 30 years.
  • Return of Premium – Thrivent has a return of premium term life options, where the premiums you pay are returned to your beneficiaries if you pass away during the term. This can offset the cost of insurance.
  • Decreasing Term – A decreasing term policy has a death benefit that decreases over the term length. This can coordinate with reducing debts like a mortgage.

Their representatives can help you determine the right Thrivent term life policy for your situation.

Thrivent Term Life Rates and Costs

Thrivent offers competitive rates for term life insurance policies. As with any insurance company, your specific rate will depend on several factors including your age, health, lifestyle, and the length and amount of coverage you select. 

For Thrivent term life insurance, monthly premiums are generally lowest for younger, healthier applicants and increase as you get older. Thrivent offers term lengths of 10, 15, 20, 25, and 30 years so you can choose the policy length that fits your needs and budget. The longer the term length, the higher the monthly premium since the policy will be in effect for a longer period.

Some additional factors that affect your Thrivent term life insurance rates include:

  • Age – Rates increase as you get older due to higher mortality risks.
  • Gender – Rates are generally lower for females than males.
  • Health – Better health means lower rates. You may get a higher rate or be declined if you have a serious medical condition.
  • Lifestyle – Hazardous activities or careers can increase rates.
  • Tobacco Use – Rates are significantly higher for tobacco users.
  • Coverage Amount – More coverage means a higher premium.

Thrivent term policies start around $10 per month for $100,000 in coverage for a healthy 30-year-old. A 40-year-old may pay $15-$20 per month, while someone aged 60 could pay $80-$100 monthly for the same $100,000 in coverage. These are sample starting rates that will vary based on your specific details.

To get an accurate personalized quote from Thrivent, you’ll need to go through the full application process and answer questions about your health and lifestyle. This will allow them to provide pricing tailored specifically to you. Thrivent also offers a convenient online quoting tool to receive quotes in minutes for term-life coverage. Connecting with a Thrivent insurance agent is another way to learn more about potential rates.

Overall, Thrivent provides competitive pricing on term life insurance policies. Your individual rates will depend on the amount of coverage you need, the length of the policy, and your age and health status. Working with Thrivent is the best way to find out the specific premium you’ll pay to protect your loved ones.

How to Apply for Thrivent Term Life  

Applying for a Thrivent term life insurance policy is a straightforward process that can be completed either online or by working with a local agent. Here are the steps to get a quote and apply:

  • Get a Quote. You can get a free instant quote online at the Thrivent website by entering some basic information like age, gender, nicotine use, coverage amount, and length. This will provide estimated premium costs. Or you can request a custom quote by providing more details to your agent.
  • Complete the Application. The full application asks for information like medical history, finances, lifestyle, and hobbies. This can be done electronically or on paper. Your agent will help guide you through it.  
  • Meet with an Agent (optional). Sitting down with a local Thrivent agent can be helpful to review your needs, get quotes for different policy options, and ensure you complete the application properly. But it’s not required.
  • Submit Supplementary Forms. You may need to submit additional forms like a paramed exam, medical records, or motor vehicle records. Thrivent’s underwriting team will let you know if any supplementary info is needed.
  • Get Approved. It takes 2-3 weeks typically for Thrivent to review your application and underwrite the policy. You’ll get notified if you are approved and at what rate class.  
  • Pay Your First Premium. Once approved, you’ll need to pay your first premium to put the coverage into effect. This can be done automatically from your bank account.
  • Review Your Policy. Carefully review your policy documents once issued to ensure your beneficiaries, premiums and coverage match your application. 

The application process is designed to be simple and fast. Thrivent aims to make term life insurance accessible. An agent can provide guidance for special situations.

Pros and Cons of Thrivent Term Life Insurance

Thrivent term life insurance, like all types of life insurance, has advantages and disadvantages to consider. Here is an objective look at the main pros and cons of Thrivent term life policies.

Pros of Thrivent Term Life

  • Low cost – Term life rates from Thrivent are very affordable, especially for young, healthy applicants. Premiums will be lower than whole life.
  • Simple coverage – Term life provides pure death benefit protection. There are no complex cash values or investment components.  
  • Customizable – Thrivent offers renewable term lengths of 10, 15, 20, and 30 years. You can match the term length to your specific needs.
  • Good for temporary needs – Term life works well if you need coverage for a set period of time, like covering a mortgage.
  • High death benefit – Thrivent term policies can provide large death benefit amounts for family income replacement.

Cons of Thrivent Term Life

  • Not permanent– Term life is not lifelong coverage, so your premiums will rise and coverage will eventually end.
  • No cash value – Term life does not build up an internal cash value you can tap if needed. It only pays a death benefit.
  • Health changes – If your health declines, term life renewal rates may become prohibitively expensive.  
  • Remember to renew – You’ll need to proactively renew term policies by the end of each term period or coverage will lapse.
  • Coverage decreases– Most term life policies have a death benefit that decreases over time.

Overall, Thrivent term life insurance offers an affordable way to obtain temporary death benefit protection. However the lack of permanent coverage and cash value accumulation indicates it may not be the best solution for long-term family financial security.

Thrivent Term Life Customer Reviews

Thrivent term life insurance generally receives positive feedback from customers based on online reviews. Here is a summary of common themes from Thrivent Term Life customer reviews:

  • Competitive pricing: Many customers mention Thrivent offers competitive pricing for term life policies, especially compared to other insurance companies. The rates are seen as affordable for the coverage amount.
  • Good customer service: Customers typically describe the customer service experience with Thrivent agents and representatives as helpful, responsive, and professional. The application and claims processes are noted as smooth. 
  • Quick and easy application: Applying for a Thrivent term life policy is often noted as a fast and straightforward process. Customers mention the application can be completed entirely online in many cases.
  • Reliable coverage: Reviewers state Thrivent provides reliable term life coverage once approved and offers a range of policy options. The financial stability of Thrivent is also seen as a plus.
  • Some delays: A handful of customers do mention occasional delays with processing applications or claims with Thrivent. However, most say these issues were resolved satisfactorily.  

Overall, Thrivent Term Life Insurance earns positive reviews for its pricing, customer service, application process, and coverage. The majority of customers appear satisfied with their Thrivent term life policies based on reviews. Some delays may occur but are not common.

Thrivent Financial Strength and Ratings

Thrivent has strong financial stability ratings from leading insurance rating agencies like A.M. Best. This gives an indication of the company’s ability to pay out claims to policyholders.

A.M. Best has given Thrivent an “A” (Excellent) rating for financial strength. This is the third highest out of A.M. Best’s 13 possible ratings. According to A.M. Best, companies rated “A” have an “excellent ability to meet their ongoing insurance obligations.” 

Thrivent’s “A” rating from A.M. Best has been in place since 2009 and was reaffirmed by the rating agency in 2021. This consistency demonstrates Thrivent’s long-term financial stability.

In addition to the strong A.M. Best rating, Thrivent also has high marks from other major rating firms:

  • Fitch Ratings: AA- (Very Strong) 
  • Moody’s: Aa3 (Excellent)
  • Standard & Poor’s: AA- (Very Strong)

These ratings indicate Thrivent has sufficient financial resources to meet obligations even in challenging economic conditions. The company has built up strong risk-based capital reserves. The company’s history and risk management make it a low-risk choice for life insurance.

Alternatives to Thrivent Term Life

Thrivent offers competitive term life insurance, but it’s always smart to shop around. Here are some top alternatives to consider for your term life policy.

Banner Life is often cheaper than Thrivent for term life, especially at younger ages. They offer term lengths from 10 to 30 years. Banner Life policies can be converted to permanent life insurance. Financial strength ratings are excellent. Claims service is fast and efficient.

Haven Life

Haven Life sells easy-to-understand term life policies completely online. Pricing is affordable, and policies can be bought without a medical exam in minutes. Haven Life is backed by MassMutual, an established insurance company. Policy terms range from 10 to 30 years.

Lincoln Financial 

As one of the largest life insurers, Lincoln Financial offers very competitive term life rates. They have an extensive selection of term lengths from 10 to 30 years. Lincoln gets strong financial ratings as a dependable insurer. Converting term policies to permanent coverage is an option.


Principal offers great term life rates through work and has direct-to-consumer prices that are very affordable. Term lengths range from 10 to 30 years. Customers can get term life with living benefits like chronic illness coverage. Principal has paid dividends to policyholders for over 145 years.


Protective is an excellent choice for term life with an easy online application process. They provide 10, 15, 20 and 30-year term policies. Protective gets strong financial ratings. Converting to permanent coverage and adding riders is available. Protective offers very good prices for healthy applicants.

Thrivent term life provides guaranteed death benefits at an affordable cost. But considering alternatives from leading insurers can help you find the best rates and features for protecting your family.

Frequently Asked Questions

Thrivent term life insurance is designed to be simple, but you may still have some questions about the details. Here are answers to some of the most common questions asked about Thrivent term life insurance policies:

What are the eligibility requirements for Thrivent term life insurance?

In most cases, you can qualify for a Thrivent term life insurance policy if you are between 18 and 80 years old and in relatively good health. Thrivent may ask for some medical history and require a medical exam for approval.

How long do Thrivent term life insurance policies last?

Thrivent offers renewable term life insurance policies with level premium periods of 10, 15, 20, 25, and 30 years. At the end of each level period, the premiums increase annually but the death benefit remains the same. Policies can be renewed until age 95.

Can I convert my Thrivent term policy to permanent life insurance?

Yes, Thrivent term policies can be converted to a permanent universal life insurance policy up until the earlier of age 70 or the end of the level premium period. This allows you to lock in lifelong coverage without additional medical underwriting.

Does Thrivent offer any riders or add-ons?

Thrivent offers several optional riders for added flexibility. These include an accelerated death benefit rider, a waiver of premium rider, and an accidental death benefit rider. Riders will increase the overall cost of coverage.

How fast can I get a quote and apply for coverage?

You can get an instant quote online and apply for Thrivent term life insurance coverage in minutes. Policies can be approved in as little as 48 hours if you qualify for streamlined underwriting.

What happens if I stop paying premiums on my policy?

If you stop paying premiums, your Thrivent term life insurance policy will lapse after a 30-day grace period. This will terminate coverage completely. 

Is the death benefit paid tax-free to my beneficiaries?

Yes, the life insurance death benefit is generally income tax-free when paid to your named beneficiaries. This allows your loved ones to receive the full amount you intended.

Let me know if you would like me to expand on any of these common questions about Thrivent term life insurance. I’m happy to provide more details.

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