Thrivent Multi-Year Guarantee Annuity with MVA

Thrivent Multi-Year Guarantee Annuity is a type of fixed deferred annuity designed to strengthen your financial portfolio. The premium paid into a MYGA earns a guaranteed fixed interest rate over multiple consecutive years (3, 5, 7 or 9 years).
When you purchase a MYGA you will select the single premium amount that best fits your financial needs and goals. The minimum purchase is $10,000 and the maximum is $2 million.
A MYGA is available in two versions—return of premium (ROP) or market value adjustment (MVA). Each version has its pros and cons, but the version you choose will depend upon your needs, goals and overall retirement plan. 

Market value adjustment (MVA)
An adjustment—either positive or negative—is made to the amount withdrawn if you make a surrender that is greater than the free surrender amount during the surrender charge period. If a surrender occurs and MYGA interest rates have decreased since the contract was issued, the adjustment will be positive, and the accumulated value will increase. If a surrender occurs and MYGA interest rates have increased since contract issue, the adjustment will be negative and the accumulated value will decrease.

Accessing your funds
With either version of MYGA, you may surrender at least 10% of the accumulated value each year without a surrender charge. The exact amount you can surrender free of charges during the guarantee period will depend on which version you have.
MVA version:
You can surrender 10% of the accumulated value each contract year. 
Surrenders taken each year that exceed these amounts will be subject to a surrender charge.