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Retirement Planning > Retirement Investing > Annuity Investing

Thrivent Adds Deferred Variable Annuity

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NU Online News Service, Dec. 12, 12:59 p.m. – Thrivent Financial for Lutherans, Minneapolis, has introduced the Thrivent Financial Variable Annuity, a new flexible-premium deferred variable annuity.

Features include two dozen investment accounts; dollar-cost averaging and automatic asset rebalancing investment options; a choice of fixed-account guarantee periods; a choice of five withdrawal methods; a basic death benefit and a choice of three death benefit options; and waiver of surrender charges for nursing home confinement, total disability, terminal illness, loss of job and annuitization.

Thrivent will sell the annuity through its existing network of 2,600 producers.

Thrivent was formed earlier this year through the merger of Aid Association for Lutherans and Lutheran Brotherhood.