Thrivent Multi-Year Guarantee Annuity with ROP
The Thrivent Multi-Year Guarantee Annuity with ROP is a dependable retirement tool designed with your long-term financial goals in mind. It offers a fixed interest rate and tax-deferrals, allowing your money to grow faster and more securely. Plus, it allows you to leave any remaining assets to your loved ones or favored causes.
What's more, this annuity gives you flexibility and control. You can select the premium amount that fits your financial needs and goals and decide on your guarantee period. In the event of any changes in your financial strategy after the guarantee period ends, Thrivent offers easy fund access options. All in all, this annuity product is a wise choice for retirees and future planners alike.
Thrivent Multi-Year Guarantee Annuity with ROP
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.1% |
| 5 years | 4.25% |
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.
- A.M. Best A++
- S&P AA+
- Moody's Aa2
- Comdex 100
