Thrivent Financial for Lutherans - Insurance

Insurance By Life Event

If life is a journey and not a destination, then you will have a number of different paths to travel throughout your life. Along the way, you'll experience blessings, challenges and changes that will change your financial priorities and needs.

No matter where you are in your life's journey, Thrivent Financial for Lutherans has insurance products that may fit your needs.

Starting Out — MORE STARTING OUT

___	Major medical insurance may help cover your needs, if you're no longer covered by your parents' medical insurance policy.
___	Disability income insurance can help reduce the financial impact if a disability prevents you from earning an income.
___	Life insurance is a wise purchase, providing coverage for today as you look toward the future.
		Term life insurance can provide coverage for your immediate needs at a low cost.
		Permanent life insurance, while requiring a somewhat higher premium, provides lifetime coverage while accumulating cash value that can be important in the future.
___	Insurance & Investments Glossary can help you understand some of the most common terms in the financial services industry.

Getting Married — MORE GETTING MARRIED

___	Life insurance is important to protect your new spouse financially in the event of your unexpected death.
		Term life insurance can provide coverage for your immediate needs at a low cost.
		Permanent life insurance, while requiring a somewhat higher premium, provides lifetime coverage while accumulating cash value that you can access in the future if needed.
		If you already own life insurance, you should review your coverage - having a new spouse may mean an increase in the amount of coverage you'll want to have.
		If your current life insurance contract includes a Guaranteed Purchase Option (or Guaranteed Insurability Option), your recent marriage allows you to increase the amount of your protection, regardless of your health.
		The life insurance calculator can help you estimate how much coverage you'll want to have.
___	Disability income insurance can help reduce the financial impact if a disability prevents you from earning an income.
___	Major medical insurance may help cover your needs, if you're no longer covered by your previous medical insurance policy.

Buying a Home— MORE BUYING A HOME

___ Life insurance is more important than ever, now that you own a home.

Term life insurance can provide coverage for your immediate needs at a low cost - and can help your family pay off the mortgage on your new home in the event of your unexpected death.

Permanent life insurance choose to access in the future if needed.

If you already own life insurance, you should review your coverage - purchasing a new home may mean that you'll want to increase the amount of coverage you have, to help cover the new mortgage.

If your current life insurance contract includes a Guaranteed Purchase Option (or Guaranteed Insurability Option), the purchase of a new home may allow you to increase the amount of your protection, regardless of your health. (Check with your financial associate to see if your contract provides this option.)

The life insurance calculator can help you estimate how much coverage you'll want to have.

___ Disability income insurance can help reduce the financial impact if a disability prevents you from earning an income.

Having a Baby— MORE HAVING A BABY

___   Life insurance is becoming even more important. With the addition of a child to your family, you may now be thinking about your desire to provide college funding for the future. Life insurance can help to provide for educational expenses if you die prematurely.

Term life insurance may be appropriate, providing coverage for your immediate needs at a low cost.

Permanent life insurance should be a consideration now. It provides lifetime coverage plus cash value accumulation, which you can access in the future to help offset college costs.

If you already own life insurance, you should review your coverage - having a baby may mean that you'll want to increase the amount of coverage you have.

If your current life insurance contract includes a Guaranteed Purchase Option (or Guaranteed Insurability Option), having a baby allows you to increase the amount of your protection, regardless of your health.

The life insurance calculator can help you estimate how much coverage you'll want to have.

___   Permanent life insurance should be considered to insure your baby's life. These types of insurance can help to protect your child's financial future by ensuring that your child has coverage as an adult, even if there is an unfortunate change in health.

Including a Guaranteed Purchase Option will allow your child to purchase additional coverage as an adult, regardless of health.

___   Disability income insurance can help reduce the financial impact if a disability prevents you from earning an income - which is increasingly important as your family grows.

Changing Jobs— MORE CHANGING JOBS

___ Short-term major medical insurance may help cover your needs if you have a short period of time before medical insurance coverage from your new employer begins.

___ Permanent life insurance and term life insurance can help fill any gaps that may occur with your new group coverage.

Owning a Business— MORE OWNING A BUSINESS

___   Business overhead expense insurance can help reduce the financial impact of a disability by protecting yourself-and your business-against the loss of your ability to pay the expenses of the business.

___   Business continuation insurance can assure the continuation of the business and its transfer to the next generation.

___   Life insurance can provide coverage in the event of your unexpected death - to help your family pay any personal debts incurred in starting or growing your business.

___   Long-term care insurance helps you and your key employees protect assets and retirement income should there be a need for long-term care in the future.

Planning for Retirement— MORE PLANNING FOR RETIREMENT

___ Permanent life insurance includes cash value that can be accessed to supplement other retirement income, while the coverage can be used to provide additional income to a surviving spouse, pay off debt, pay increased income taxes that can result, pay any resulting estate taxes, or create a charitable gift at the time of your death.

___ Long-term care insurance is a key component to any retirement plan and a cost effective way to fund the costly expense of long-term care while protecting your retirement income and assets in the event you may need long-term care.

Entering Retirement— MORE ENTERING RETIREMENT

___   Permanent life insurance includes cash value that can be accessed to supplement other retirement income, while the coverage can be used to provide additional income to a surviving spouse, pay off debt, pay increased income taxes that can result, pay any resulting estate taxes, or create a charitable gift at the time of your death.

___   Long-term care insurance helps protect your assets and income from the high costs of long-term care by providing benefits to help pay for that care.

___   A Medicare supplement insurance contract can help to cover the costs that Medicare alone does not cover, such as deductibles and co-payments.

Passing on Your Legacy— MORE PASSING ON YOUR LEGACY

___   Permanent life insurance provides death benefit proceeds that can help offset portions of your estate that may be lost due to taxation, helping to ensure that your legacy is passed on to future generations.

___   Life insurance proceeds can also be designated for the charity of your choice, helping the charity to achieve its goals and objectives.

___   Long-term care insurance helps protect your assets from being depleted due to the high costs of long-term care, allowing you to transfer your assets to family and charities as planned.

Your Thrivent Financial representative— professionally trained and experienced— can help you analyze your needs and recommend appropriate solutions through insurance and financial products and services.

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