4.7 / 5

Thrivent Life Insurance Review

Thrivent offers term, whole, universal, and variable universal life insurance products, but only to people who practice Christianity.

Tim Torres


Tim Torres

Tim Torres

Reviews Editor

Tim Torres is a reviews editor at Policygenius, where he specializes in life insurance, homeowners insurance, auto insurance, and more. His work has also appeared in PC Mag, Tom's Guide, Tech Times, and elsewhere.

Updated|6 min read

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    check mark

    Affordable premiums (for Christians)

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    Financially strong

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    Potential to earn dividends


    X mark

    Only available to Christians

    X mark

    Slow turnaround

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    No temporary coverage

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    No rate reconsideration


Unless you practice a Christian faith, you won’t be able to apply for any policies with Thrivent. That’s right: the faith-based, non-profit, mutually-owned organization based in Minnesota only opens its doors to church goers. If that describes you then you may find Thrivent’s products and perks beneficial.

This review, and its scores, is based on Thrivent’s term life insurance policy.

Policy Details

Availability of such options as term length and no-med-exam availability.



Average monthly premium cost for a predetermined applicant profile and common health conditions.


Financial Confide...

Consumer confidence based on scores from major financial rating institutions.


Third-Party Ratings

Satisfaction from consumer sentiment institutions and complaints to state insurance boards.


Customer Experience

Ease of use, convenience, online tools, and availability.


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The Details

The Good

Affordable premiums (for Christians). Thrivent’s rates are quite reasonable compared to many competitors. They’re great, even. But you’re going to need to be a believer in the Christian faith to apply for this term life insurance. Everyone else will have to look elsewhere.

Financially strong. Thrivent doesn’t have ratings from financial agencies Moody’s or Standard and Poor’s, but it is highly rated by A.M. Best, the credit agency that focuses specifically on the insurance industry. In fact, the non-profit has the highest rating possible from that firm, an A++.

Potential to earn dividends. Thrivent describes itself as a “not-for-profit, fraternal benefit society.” Basically, that means it’s a mutually owned organization, and that means eligible clients can receive dividends every year. A board of directors determines whether dividends are issued each year, based on many factors such as investment results, expense savings, and death benefit claims paid out.

The Bad

Only available to Christians. Thrivent is a mission-based non-profit dedicated to helping members of the Christian religion. While that sounds nice, it cuts out a significant portion of people looking for life insurance. 

Slow turnaround. After you submit your application, you’ll have to undergo the whole underwriting process, which will involve a medical exam. After that, expect to wait anywhere from four to six weeks for your policy to activate. 

No temporary coverage. While you’re waiting for your policy, there is no temporary coverage available from Thrivent. This is something other carriers offer, so if that’s important to you you’ll want to look elsewhere. 

No rate reconsideration. Thrivent currently has no option to reconsider your rates after a year of having life insurance. This is also something other carriers offer. 

The Breakdown

Policy Details

Availability of such options as term length and no-med-exam availability.


Thrivent offers term, whole, universal, and variable life insurance—but only for people who practice Christianity.

That's right. Only Lutherans and other church-going Christian people can can apply for Thrivent's policies. If that's you, then great, read on. If not, we recommend looking at other life insurance carriers.

Thrivent members can also receive discounts on dental care and vision care, prescription drugs, and Experian identity monitoring. They can also take advantage of financial advice programs related to wills and estate planning.

As a mutually-owned organization, Thrivent policyholders can also receive dividends at the end of every year.

Term life insurance

Thrivent offers 10-, 15-, 20-, or 30- year-terms with level premiums. That means your rates won’t increase unless you renew your policy. Coverage starts at $100,000 and can go as high as $2 million. A medical exam will be required to purchase Thrivent’s term life policy.


  • Issue ages: 18 to 75 years old

  • Term lengths: 10-, 15-, 20-, 30-year terms

  • Coverage minimum: $100,000

  • Coverage maximum: $2 million

Available riders 

Each policy comes with a built-in accelerated death benefit rider, which pays out the death benefit if the policyholder is expected to live two years or less due to terminal illness. 

A disability waiver of premium can also be added onto your policy, which waives your premiums if you become totally disabled.  

Temporary coverage

Thrivent does not offer temporary coverage.

Policy conversion

You can convert your term coverage to a whole or universal life policy within the first five years, free of extra charge. After that, you will have to pay to convert your policy. You have until the age of 70 or the end of your term period to convert.  

Rate reconsideration

Thrivent does not offer rate reconsideration, an option that would allow you to lower your premiums after your policy’s activation.

Permanent life insurance

Thrivent has several permanent policy options, including whole life insurance, universal life insurance, variable universal life insurance, and hybrid whole and term life insurance. All policies include cash value components and have the potential to earn dividends, though they are not guaranteed. 

Thrivent also has whole life insurance for children, which we do not recommend. If you want to save money for your child, we suggest going with a regular banking or savings account. 

→ Learn more about the difference between term and whole life insurance

Whole Life Insurance Details


Thrivent’s whole life insurance policy is available for applicants up to age 90. This is a standard policy with level premiums and a cash value component that builds tax-deferred interest.

There are multiple ways to pay your premiums with this policy. You can schedule payments so they are fully paid in ten years, 20 years, by the time the policyholder is age 70 or 95, or a single, up-front payment.

Whole Life Plus Term Life Details


This hybrid whole and term life insurance policy is basically a whole life policy with a rider that lets you pay additional premiums to purchase extra coverage and increase the policy’s cash value.

Universal Life Insurance Details


Besides the death benefit, Thrivent’s universal life policy offers flexible premiums that depend on your overall financial situation, and a cash value component.

Like all universal life policies, the cash growth is tied to an index performance, such as the S&P 500, and is subject to market fluctuations.

→ Brush up on universal life insurance to see if it’s right for you.

Variable Universal Life Insurance Details


Thrivent’s variable universal life insurance policy has more investment options than its regular universal life insurance offering. But there is the risk that the policy could lapse if the rate of return on your investments is too low and your cash value reaches zero.

We only recommend these types of policies to customers if they are wealthy and want a tax-free inheritance for beneficiaries.

→ Be sure to read more on variable universal life policies.


Average monthly premium cost for a predetermined applicant profile and common health conditions.


The following sample rate is based on a non-smoking male applying for $500,000 of coverage on a 20-year term:

AgeThrivent AverageIndustry Average

Rates current as of December 2021.

Thrivent’s policies are very affordable, well below the industry average. You can get even lower rates by applying for less coverage and lower terms. Of course, this is true for most life insurance carriers.

But, the catch with these great rates is, you have to be Christian to apply in the first place. If you’re not, we recommend looking at our list of the best life insurance carriers.

Financial Confidence

Consumer confidence based on scores from major financial rating institutions.


Thrivent was originally created as a Lutheran organization in 1902. Since 2014, the Minnesota-based group has opened membership to all Christian people. Today, it’s a Fortune 500 company with top-grade financial stability serving over 2 million clients 

Even though Moody’s and Standard & Poor’s don’t have ratings available, A.M. Best gives it their highest rating possible. 

  • A.M. Best: A++

  • Moody’s: n/a

  • Standard & Poor’s: n/a

A.M. Best scores Thrivent an A++ (effective December 15, 2021), which is the best score possible from the credit rating agency. 

Analysis firms Moody’s and Standard & Poor’s don’t have ratings available yet for Thrivent.

Third-Party Ratings

Satisfaction from consumer sentiment institutions and complaints to state insurance boards.


Customers also get the chance to rate their life insurance carrier thanks to third-party review platforms and complaint departments. We refer to these to get a sense of whether or not actual people are satisfied with their company. 

As of December 2021,Thrivent only has a score available from the National Association of Insurance Commissioners (NAIC), which collects complaints from state insurance departments.

  • Consumers Advocate: n/a

  • Consumer Affairs: n/a

  • NAIC complaint index: 0.13

Consumers Advocate and Consumer Affairs are third-party review sites. They don't have ratings for Thrivent yet.

The National Association of Insurance Commissioners (NAIC) tracks complaints sent to state insurance departments. Its complaint index measures the amount of customers who have filed grievances. A score of 0 means there weren’t enough complaints to track, while a score of 1 represents the average. With a low score of 0.13, the NAIC has barely counted any complaints about Thrivent’s services.

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Customer Experience

Ease of use, convenience, online tools, and availability.


To apply for Thrivent’s life insurance policies you must first be a Thrivent member. To verify that you practice a Christian religion, Thrivent asks for your church information and a statement of proof.   

Thrivent's site includes a swift online quote tool that lets you quickly customize coverage amounts and term lengths on the fly. There's no online live chat, but you can easily find email and phone contact options, as well as a fair amount of policy information.

Application process

To become a member of Thrivent, you need to apply online or buy an insurance product. You can also apply for a higher membership tier and pay a yearly fee of $19.95. Memberships are open to spouses and children of Christians as well.

To actually apply for a policy you need to work with one of their agents, which you can do with Thrivent’s website. 

Turnaround time

Coverage starts four to six weeks after applying, which is a fairly long time.

Policy delivery

You can receive your policy electronically or by mail. 

More information


State availability

Thrivent’s products are available nationwide, but policy and rider availability will vary by state. .

Change method

You can change your address, beneficiary, phone number, mailing address, and more using Thrivent’s online customer portal.

Payment methods

Thrivent policyholders can pay online, by phone, or by check via mail.

Digital tools

Thrivent has an excellent online quote tool and a mobile app that lets you manage your accounts.

Claims documentation

To file a claim you need to send Thrivent a filled-out claim form and a certified death certificate.

Frequently Asked Questions

Does Thrivent offer online quotes?

Yes. You enter your birthday, state, and whether or not you smoke. After that you can customize your quote by choosing the desired coverage amount, term length, and the option to include the premium waiver benefit rider.

Do I need to take a medical exam?

Yes. Since Thrivent’s policies are fully underwritten you will need to schedule and undergo a medical exam with a physician.

Do I really need to be a Christian to apply?

Yes. Thrivent is a faith-based, non-profit, mutually-owned organization. To prove you’re a practicing Christian you will need to provide church information, a statement of proof, and other information.