Thrivent Multi-Year Guarantee Annuity with ROP
An American Fortune 500 non-profit organization in the financial services sector, Thrivent Financial for Lutherans was founded in 2002 through the merger of two Lutheran companies. Serving over two million members, the organization provides financial advice and solutions rooted in Christian values. Thrivent Financial’s wide range of financial offerings and services include life insurance, annuities, mutual funds, disability income insurance, credit union products, asset management, brokerage services, and retirement planning. With such a variety of provisions, Thrivent Financial empowers its members to achieve financial stability whilst living generously. It has been acknowledged as one of the ‘World’s Most Ethical Companies’ by the Ethisphere Institute and has consistently maintained high credit scores, exemplified by a rating of AA+ from A.M. Best.
Thrivent Multi-Year Guarantee Annuity with ROP
Ratings:
- A.M. Best A++
- S&P AA+
- Moody's Aa2
- Comdex 100
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 3.9% |
| 5 years | 4.05% |
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.
Return of premium (ROP)
Thrivent guarantees that if the contract is terminated, it will pay in cash no less than the premium paid less the sum of any previous surrenders.
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.
ROP version:
You can accumulate free surrenders up to a maximum of 25%. The accumulation takes place as follows:
- 10% free each contract year.
- 20% free if no surrenders in the prior contract year.
- 25% free if no surrenders in the prior two contract years.
Riders
No Riders for Thrivent Multi-Year Guarantee Annuity with ROP annuity.
Waivers
Surrender Window
Once you reach the end of the period you’ve chosen, you can surrender the MYGA contract with no surrender charges.
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