Pros Explained

• Top rating for financial stability: Thrivent is among the few life insurers to receive an A++ financial stability rating from AM Best, the highest possible score.
• Fantastic customer satisfaction: Thrivent received far fewer complaints than expected for an insurer of its size. Based on this metric, Thrivent had some of the most satisfied customers of any insurer in our reviews.
• Low term insurance prices, especially for older adults: Thrivent quotes competitive premiums for its 澳洲幸运5开奖号码历史查询:term life insurance policies. Its quotes for people over 65 were the lowest we gathered from more than two dozen companies.
• Pays dividends on whole life insurance: If you buy a 澳洲幸运5开奖号码历史查询:whole life policy from Thrivent, you are eligible for annual 澳洲幸运5开奖号码历史查询:dividends. This may boost your 澳洲幸运5开奖号码历史查询:cash value growth compared to companies that do not pay dividends.
• Sells whole life until age 90: Thrivent is tied for having the highest maximum age at which it sells whole life policies to new customers among companies we reviewed. 

Cons Explained

• You must be a Christian to join: Thrivent only accepts customers who pledge they are Christian or are married to a Christian. This religious requirement excludes many potential customers.
• No online application: If you want to buy life insurance products from Thrivent, you must speak with an agent on the phone.
• Few riders: Thrivent doesn’t offer many riders to customize your coverage. It’s missing popular options such as accidental death, critical illness, and long-term care riders found at other insurers.
• Only sells term and universal life to applicants 75 or younger: Thrivent has a relatively low maximum application age for its term and 澳洲幸运5开奖号码历史查询:universal life policies. Only its whole life policies accept applicants up to age 90.
• Limited customer service options: Thrivent does not offer a live chat or general email customer support. You service your policy by phone or by meeting with an advisor.

Financial Stability

Thrivent is extremely financially stable and in an excellent position to pay claims, as shown by its AM Best rating. AM Best is an independent rating agen🍎cy that assesses insurers' financial positions. Thrivent received the highest grade possible, A++. Only a handful of other insurers, including MassMutual, State Farm, and USAA, received this stellar rating.

Customer Complaints and Satisfaction

We checked Thrivent’s 澳洲幸运5开奖号码历史查询:NAIC complaint index over the past three years. The NAIC 🐈(National Association of Insu🐻rance Commissioners) is a nonprofit organ💫ization that tracks how many official complaints state regulators receiv🍸e about various insurance companies. Thrivent received far fewer complaints than expected for an insurer of its size. According to this metric, it was one of the very best insurers for customer satisfaction.

Types of Life Insurance Offered by Thrivent

Term Life

Term life insurance covers you for a set period. If you outlive the term, your coverage expires. Thrivent’s term life insurance policies can last from 10 years to 30 years. You can buy between $100,000 and $3 million or more of coveraꦬge for the death benefit.

Thrivent’s term policies are 澳洲幸运5开奖号码历史查询:annually renewable. At the end of the term, you can extend your coverage without passing a medical exam on a year-to-year basis. You could also convert a Thrivent term life insurance policy into a 澳洲幸运5开奖号码历史查询:permanent policy that lasts your entire life without 💎passing another medical exam.

Whole Life

Whole life insurance can last your entire life, provided you keep paying the premiums. Whole life starts more expensive than term life, but ✃the premiums are fixed, so you don’t pay more as you get older.

Thrivent whole life insurance can be purchased for a minimum of $10,000 of coverage. The company does not disclose the maximum coverage limit. Its whole life insurance policies also include 澳洲幸运5开奖号码历史查询:cash value, an investment account funded by your premium and that you can withdraw or borrow against later in life. Thrivent pays a guaranteed interest rate on the cash value of its whole life policies. Its whole life policies also earn 澳洲幸运5开奖号码历史查询:dividends as a share of Thrivent’s annual profits.

You can buy a Thrivent whole l🥂ife insurance policy up until age 90. All the other types of Thrivent life insurance only💧 accept applicants until age 75. You can also buy a Thrivent whole life policy for children under 18, which they can take over as adults.

Universal Life

Universꦬal life insurance can also provide lifelong coverage as long as you pay the premiums. But it offers more flexibility than whole life insurance by letting you adjust the premiums and death benefit. You can pay more in some years than others, provided you at least cover t🌞he base insurance cost.

Thrivent universal life policiꦕes start with a minimuꦍm coverage of $25,000. The company did not list a maximum death benefit.

Thrivent universal life builds cash value and earns a minimum guaranteed re𝓡turn. The return i𒊎s partly based on market interest rates, which go up and down. There’s less predictability but more upside than with whole life. Thrivent universal life insurance policyholders do not receive dividends.

Variable Universal Life

Thrivent 澳洲幸运5开奖号码历史查询:variable universal life insurance also allows you to adjust the premiums and coverage amounts after signing up. A variable universal life insurance policy provides more investment flexibility for the cash value. You can pick between different 澳洲幸运5开奖号码历史查询:sub accounts, which operate like 澳洲幸运5开奖号码历史查询:mutual funds.

If your investments do well, your cash𒊎 value grows more quickly. If your investments underperform, your cash value grows slowly. You can even lose moneꦆy, which could force you to pay more in premiums later.

Does Thrivent Require a Life Inಌsurance Medᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚical Exam?

Thrivent does not always require a life insurance medical exam. When you first 澳洲幸运5开奖号码历史查询:apply for a policy, you’ll list your medical history, your family’s medical history, your lifestyle, occupation, and oth♐er details. Thrivent will also pull up your medical records and driving records.

With this information, Thrivent will decide whether you need to take a medical exam. If you’re healthy enough, Thrivent could skip the exam. Otherwise, you’d need to meet with a paramedic as part of applying. If you have pre-existing health conditions, Thrivent could deny coverage. It doesn’t sell 澳洲幸运5开奖号码历史查询:guaranteed issue policies that accept all applicants.

Available Riders From Thrivent

A rider adds more coverage to your life insurance policy. Sometimes they’re free, and sometimes they cost extra. Thrivent only offers a few riders comไpared to other insurers.

• Guaranteed insurability: The 澳洲幸运5开奖号码历史查询:guaranteed insurability rider allows you to buy more life insurance coverage for your policy after signing up without passing a medical exam.
• Waiver of premium: If you become disabled, you stop paying insurance premiums under the 澳洲幸运5开奖号码历史查询:waiver of premium rider.
• Terminal illness: If you develop a terminal illness, Thrivent will 澳洲幸运5开奖号码历史查询:pay out the death benefit while you’re still alive to help with your bills. Thrivent includes this rider for free.

How Much Does Thrivent Life Insurance Cost?

We collected quotes from Thrivent for its term life insurance policies for various ages to gauge its cost compared to other insurers. Thrivent’s premiums were some of the lowest on average. Only a few other insurers, such as Banner, SBLI, and 澳洲幸运5开奖号码历史查询:State Farm, quoted lower average premiums.

Your 澳洲幸运5开奖号码历史查询:life insurance cost from Thrivent could diffe😼r depending on your age, health, location, and other factors. You need to apply to see exactly how much it would cost you.

How Much Does Thriven𓆏t Life Insu🌃rance Cost for Older Adults?

We collected quotes for 65-year-old appli𝓰cants on a 15-year term life insurance policy. Thrivent quoted the lowest premiums out of all the insurers. It can be an appea♏ling option for someone buying at a later age.

How Does Thrivent Compare to Oth𝓰er Life Insurance Companies?

How to Buy Life Insurance From Thrivent

You can only buy life insurance from Thrivent through one of its 澳洲幸运5开奖号码历史查询:financial advisors. While Thrivent offers online quotes for term policies, iꦬt does not let you apply online. You can search for a local Thrivent advisor through .

You must become a member before you can buy Thrivent life insurance or any of its other products. This requires pledging that you’re a practicing Christian or the spouse of a practicing Christian. If you’re OK with this religious membership requirement, you can then apply for a life insurance policy through an advisor.

Thrivent can process and accept healthy applicants wi🌺thin a couple of days and sometimes off💮ers same-day decisions for life insurance. However, if a more extensive medical history review is needed, it can take up to two months.

Customer Service

You can also submit your contact information through an online form on Thrivent’s website. A Thrivent advisor will contact you by phone or 🌠email to answ🧜er your questions.

The Bottom Line

If you want to buy life insurance through an advisor, Thrivent could be a fine choice thanks to its product selection, financial stability, and high customer satisfaction. Thr🍰ivent does not let you sign up online, so DIY buyers may want to look elsewhere.

More importantly, whether Thrivent is suitable for you depends on how you feel about its mission to work only with Christians and thei🅺r families. Some might find that focus uncomfortable, while others may see it as one of the most important ♚reasons to choose Thrivent for life insurance. 

Frequently Asked Questions (FAQs)

Is Thrivent a Reputable Company?

Yes, Thrivent is a highly reputable company. It has an A++ rating from AM Best for financial stability and extremely high customer satisfaction, as measured by its NAIC complaint index. The Ethisphere Institute has also named Thrivent one of the world’s most ethical companies.

Who Owns Thrivent?

Thrivent is owned by its members and policyholders. It is not publicly traded and does not sell stock to investors. Since life insurance policyholders are part owners of Thrivent, they receive a share of the company's annual profits through 澳洲幸运5开奖号码历史查询:dividends.

Does Thrivent Serve Non-Christians?

No, Thrivent focuses 🧸on serving Christians and their families. To join Thrivent and use its products, you must sign a pledge saying you’re a Christian or the spouse of a Christian.

What Denomination Is Thrivent?

Thrivent was founded by Lutheran organizations. ♛However, Christians of any denomination can sign up as members.

Is Thrivent Good at Paying Claims?

Yes, Thrivent appears to be good at paying claims. Otherwise, it would probably receive more complaints. Thrivent does not give a specific time f꧟or paying claims; it depends on the situation. You can call its customer service line or one 📖of its advisors for help processing a claim.

How We Review Life Insurance Companies

To compile our list of the best life insurance companies, Investopedia fܫirst conducted preliminary research on dozens of life insurance companies and determined that 45 met our minimum standard for financial strength, customer satisfaction, and online transparency. For each of these, we then gathered a total of 70 evaluation criteria, resulting in 3,150 data points altogether. Data was collected between May 20 and July 3, 2024, and sourced from company webpages, media representatives, consumer rating agencies (AM Best, NAIC, and J.D. Power), and customer service calls.

We combined subject matter expertise, consumer survey and company survey data, and industry research to create a quantitative model that 👍scores each company based on six major categories:

• Application and Online Service Features: 15%
• Policy Types: 22%
• Policy Features and Riders: 35%
• Financial Stability: 6%
• Customer Satisfaction: 10%
• Cost: 12%

For more information, read our 澳洲幸运5开奖号码历史查询:full methodology explanation.