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Annuities > Immediate Annuities > What is an Immediate Annuity?
What is an Immediate Annuity?

An immediate annuity is a contract with an insurance company that provides fixed and/or variable payments for the time period you choose. Immediate annuities are purchased with a lump sum of money. Depending on your personal situation, an immediate annuity may be right for you.

How can immediate annuities help you?
While there are a variety of uses, immediate annuities are frequently used to supplement retirement income sources like Social Security, pensions and other retirement savings. Many people use them to receive an instant flow of income from life insurance, an inheritance, the sale of a business or property, or other sources. If you own a Traditional IRA or participate in a qualified retirement plan, you generally are required to take federally mandated Required Minimum Distributions (RMDs) once you reach age 70 ½. An immediate annuity can manage these annual distributions into a flow of income to help cover your living expenses throughout the year.

Your financial representative with Thrivent Financial for Lutherans can help
Contact your financial representative for more information about the Single Premium Immediate Annuity or Single Premium Immediate Variable Annuity from Thrivent Financial for Lutherans. He or she can provide you with costs, complete details of coverage, exclusions, reduction of benefits, and terms under which the contract may be continued in force or discontinued.

Download a prospectus for the Thrivent Financial for Lutherans Variable Annuity. The prospectus contains more complete information on charges and expenses. You should read the prospectus carefully before you invest or send money.

Contract Forms: #4470,  #4474, #TX4470
20456WB N11-02


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Thrivent Financial for Lutherans, Appleton, WI 54919-0001, is authorized to conduct business in all 50 states and the District of Columbia. NAIC # 2938-56014. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Not all products described are available in all states. Thrivent Financial representatives are licensed insurance agents. Insurance and retirement products, where available, are individual contracts, (not group coverage), and issued by Thrivent Financial for Lutherans. Investment products are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc.

Bank products and trust services are offered through Thrivent Financial Bank, 2000 E. Milestone Dr., Appleton, WI 54919-0006 (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, investment products, securities, trust, and investment management services and accounts are not deposits, are not FDIC insured, are not insured by any federal government agency, and are not guaranteed by Thrivent Financial Bank. Variable insurance contracts, investment products, trust, and investment management accounts may go down in value.

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This document was last updated on Monday, May 8, 2006 at 1:47 PM