The Flexible Premium Deferred Variable Annuity provides every contract with a Basic Death Benefit* which preserves all premium payments (adjusted for partial surrenders). Your beneficiaries are guaranteed to receive the greater of the following:

• The accumulated value or
• premiums paid (adjusted for partial surrenders)

You may also supplement your Basic Death Benefit with additional protection. For an additional charge, you may elect one or more of the following Optional Death Benefits:*+

Option 1: Maximum Anniversary Death Benefit (MADB)
Your beneficiary receives the greater of the basic death benefit and the highest accumulated value on any contract anniversary, adjusted for any premiums or subsequent surrenders, even if there has been a decline in your contract value at the time of your death. The MADB can never go down in value, except due to partial surrenders.

This optional benefit is locked-in when the annuitant attains age 80, except for adjustments for any premiums or surrenders after that date.

This optional death benefit is available for an additional asset charge of 0.20%.

Option 2: Premium Accumulation Death Benefit (PADB)++
Your beneficiary receives the greater of the basic death benefit and the value of all premiums, adjusted for partial surrenders, accumulated at 5%.

This optional benefit is capped at two times the amount of adjusted premiums, and is locked-in when the annuitant attains age 80, except for adjustments for any premiums or surrenders after that date.

This optional death benefit is available for an additional asset charge of 0.40%.

This optional death benefit is not available if the Return Protection Allocation feature is exercised.

Option 3: Earnings Addition Death Benefit (EADB)++
Your beneficiary receives the basic death benefit plus an amount that will increase the total amount paid to the beneficiary. The death proceeds are increased to help pay income taxes on the gain. This benefit is independent from the MADB and PADB death benefits.

This optional benefit, on any day before the annuitant attains age 80, is 40% of the lesser of:

• The sum of premiums paid, adjusted for partial surrenders, and
• The amount by which the accumulated value exceeds the sum of premiums paid, adjusted for partial surrenders.

After age 80, the benefit is equal to the amount calculated above on the age-80 contract anniversary, adjusted for partial surrenders made after that anniversary. This optional benefit cannot be less than zero.

Note: The EADB may not be available in certain tax-qualified products.

This optional death benefit is available for an additional asset charge of 0.20%.

This optional benefit is not available if the Return Protection Allocation feature is exercised.

You choose the level of protection to suit your needs
Discounts are available for selection of multiple optional death benefits: A 0.10% reduction applies if two optional death benefits are selected, and a 0.20% reduction applies if all three optional death benefits are selected.

Your financial representative with Thrivent Financial for Lutherans can help
Contact your financial representative for more information about the Flexible Premium Deferred Variable Annuity from Thrivent Financial for Lutherans. He or she can provide you with costs, complete details of coverage, exclusions, reduction of benefits, and terms under which the contract may be continued in force or discontinued.

Download a prospectus for the Thrivent Financial for Lutherans Variable Annuity. The prospectus contains more complete information on charges and expenses. You should read the prospectus carefully before you invest or send money.

*All death benefits are guaranteed by the claims-paying ability of Thrivent Financial for Lutherans.
+The contract owner may discontinue the optional death benefit(s) at any time and the mortality and expense charge will be adjusted accordingly. Upon the death of the annuitant, the beneficiary will receive the greatest of the basic death benefit, the MADB (if elected), the PADB (if elected), and the EADB (if elected), increased by any EADB amount for the contract.
++Not available in NY and WA. In NJ, all 3 benefits are available but any contract may include only 2 benefits.

Contract Forms: W-BC-FPVA (05) Series (not available in all states)

20438WE 4-05

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