Thrivent Financial Insurance

Thrivent Financial for Lutherans has headquarters based in Minnesota, Appleton and Minneapolis.  It is a Fortune 500 organization and has nearly 3 million members. It offers services in annuities, life insurance, disability income insurance, mutual funds and bank products. It is a not-for-profit organization and was formed on January 1st 2002 when the Lutheran Brotherhood which was established in 1917 and the Aid Association for Lutherans which was established in 1902 merged.  By merging the two companies together it became the largest fraternal benefit society in America.  It sponsors many national outreach programs together with Habitat for Humanity to build more homes and neighbourhood development by donations and volunteers.  At the present time Thrivent Financial is making donations through Lutheran World Relief to help rebuild Haiti following the 2010 Haiti earthquake.

Thrivent Financial for Lutherans offers different types of Life Insurance and can offer financial advice before customers decide upon which one is suitable.  The Permanent Life Insurance policy is usually paid throughout the insured person's life by monthly premiums.  The policy matures upon the death of the person who is insured when the beneficiary will receive a lump sum of money including any bonuses.  In some cases the policy might be classed as a fully paid up policy after thirty or thirty five years when the premiums will not need to be paid.  However, no money will be paid out until the insured person's death. Before any money is paid out by the Insurance Company they will ask to see a death certificate and an Insurance claim form must be filled in.  Another type of Life Insurance is the Universal Life Insurance policy where policyholders can increase or decrease their premiums if necessary.  It also builds up a cash value which earns interest.  Term Life Insurance covers someone's life for a set number of years and is often taken out to cover paying off a mortgage or while raising a family should the worse happen.  Variable Universal Life Insurance enables people to build up cash value and the premiums can be flexible. However, as the cash is invested you could also lose money and there are no guarantees as to what the death benefit will be.

Anyone applying for Life Insurance will be asked to fill in an application form where questions are asked regarding health, age, occupation, family medical history and if you take part in any risky hobbies such as mountaineering or motor racing.  Depending on the information the Insurance Company receives they will be able to give you a quote as to what the premiums will be. For a younger person the premiums will be less than someone older. Thrivent Financial for Lutherans will make sure the Life Insurance policy you choose suits your requirements before any documents are signed.  They are a reputable and trustworthy company who look after their customers needs and help with your financial future.