Thrivent Multi-Year Guarantee Annuity with ROP (9-Year)

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.

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: 

Surrenders taken each year that exceed these amounts will be subject to a surrender charge.