# EDGAR Filing Document

**Accession Number:** 0001173488
**File Stem:** 0001193125-26-190769
**Filing Date:** 2026-4
**Character Count:** 53629
**Document Hash:** 3a706f05382c5195311efee1bfe6c4ff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-190769.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001193125-26-190769

**CONFORMED SUBMISSION TYPE**: 497VPU

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**EFFECTIVENESS DATE**: 20260429

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THRIVENT VARIABLE ANNUITY ACCOUNT I
- **CENTRAL INDEX KEY:** 0001173488

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-229611
- **FILM NUMBER:** 26913788

**BUSINESS ADDRESS:**
- **STREET 1:** 600 PORTLAND AVENUE SOUTH
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55415-4402
- **BUSINESS PHONE:** 6123407215

**MAIL ADDRESS:**
- **STREET 1:** 600 PORTLAND AVENUE SOUTH
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55415-4402

## Series and Classes Contracts Data

### THRIVENT VARIABLE ANNUITY ACCOUNT I (Series ID: S000002686)

| Class ID   | Class Name                                                         | Ticker Symbol   |
|:---|:---|:---|
| C000211448 | AdvisorFlex VA (Contracts offered for sale on or after 10/12/2020) |  |

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| ![](g236855thrivent2020_logowreg.jpg) | Thrivent AdvisorFlex Variable Annuity<sup>TM</sup> <br>|
| ![](g236855thrivent2020_logowreg.jpg) | <br> Thrivent Variable Annuity Account I |
| ![](g236855thrivent2020_logowreg.jpg) |  |
| ![](g236855thrivent2020_logowreg.jpg) | Updating Summary Prospectus<br> **April 30, 2026** |

---

This updating summary prospectus summarizes key features of the Thrivent AdvisorFlex Variable Annuity [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) (the "Contract") offered by Thrivent Financial for Lutherans ("Thrivent," "we," "us" or "our"), a fraternal benefit society organized under Wisconsin law.

The [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) is a complex investment and involves risks, including potential loss of principal. The [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) is not a short-term investment as is not appropriate for an investor who needs ready access to cash. Withdrawals could result in surrender charges, taxes, and tax penalties.

Thrivent's obligations under the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) are subject to its financial strength and claims-paying ability.

The statutory prospectus for the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) contains more information about the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164), including its features, benefits and risks. You can find the current statutory prospectus and other information about the [Contract is available online at](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164)dfinview.com/Thrivent/AdvisorFlex. You can also request paper copies at no cost by calling 1-800-847-4836, or by sending an email request to mail@thrivent.com.

If you elect to have the investment advisor fee deducted from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164), this deduction may reduce the death benefit or the optional death benefit (if elected) and may be subject to federal and state income taxes and a 10% federal tax penalty. Pursuant to guidance provided by the Internal Revenue Service in a series of Private Letter Rulings, we will only permit the automatic deduction of investment advisor fees from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) to be directly paid to the registered investment advisor, if certain requirements are met. If the requirements are met through you completing our form in good order, we will not treat the deduction of fees as taxable distributions.

Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.

**The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.**

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| [Special Terms](#xx_1b6218d5-2a51-45e1-8056-26e083ed9be9_1) | 3 |
| [Updated Information About Your Contract](#xx_1b6218d5-2a51-45e1-8056-26e083ed9be9_1) | 3 |
| [Important Information You Should Consider About the Contract](#xx_3a19f4e6-54fc-435e-8d10-488530e36625_1) | 4 |
| [Appendix: Investment Options Available Under the Contract](#xx_6fbdbe6a-2a78-461c-83f7-af747a12585e_1) | 7 |

---

**2**

------

Special Terms

---

| | |
|:---|:---|
| **Accumulated Value** | The sum of the values for your Contract in [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7)s and the Fixed Account. |
| **Age** | The Annuitant's Issue Age increased by one on each Contract Anniversary. |
| **Annuity Date**  | A date when annuity income payments begin. |
| **Contract**  | The flexible premium deferred variable annuity contract offered by Thrivent Financial <br> and described in this prospectus. <br>|
| **Contract Year**  | The period from one Contract Anniversary to the next. The first Contract Year will be <br> the period beginning on the Date of Issue and ending on the first Contract Anniversary. <br>|
| **Fixed Account**  | An investment allocation option that credits an interest rate. The Fixed Account is part <br> of our General Account. The Fixed Account is not a [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7). For the current <br> interest rate, please call our Service Center at 1-800-847-4836.<br>|
| **Investment Option** | A Variable Option or the Fixed Account available in this Contract. |
| **Owner, you, your, yours** | The owner of this contract.  |
| **Portfolio**  | Each [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7) invests exclusively in the shares of a corresponding Portfolio of the <br> Fund.<br>|
| **Qualified Plan**  | A retirement plan that receives favorable tax treatment under Section 408, 408A or <br> similar provisions of the Internal Revenue Code. <br>|
| **Service Center** | Thrivent Financial for Lutherans, 4321 North Ballard Road, Appleton, Wisconsin <br> 54919-0001, telephone, 1-800-847-4836, or such other office as we may specify in a <br> notice to the Contract Owner. <br>|
| **Subaccount**  | A subdivision of the Variable Account. Each [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7) invests exclusively in the <br> shares of a corresponding Portfolio.<br>|
| **Surrender Charge**  | A charge that applies to withdrawals that have not met the waiting period. Each <br> premium payment has its own 3-year Surrender Charge period. <br>|
| **Variable Option** | An Investment Option under the Contract of which the value of the contract during the <br> accumulation phase varies according to the investment experience of a [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7).<br>|

---

Updated Information About Your [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164)

The information in this updating summary prospectus is a summary of certain [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) features that have changed since the prospectus dated April 30, 2025. This may not reflect all of the changes that have occurred since you entered into your [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164).

---

| | |
|:---|:---|
| **Content**  | **Description of Changes** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Important Information You Should <br> Consider About the Contract<br>| The Annual Portfolio expenses table was updated to reflect the new range. <br> The lowest and highest annual cost examples have been revised to reflect <br> the new range.<br>|
| Fee Table | The Fee Table has been updated with the new range of Portfolio Expenses. |
| Other Changes | The Appendix has been revised to reflect the updated performance <br> information and the current expenses for the Portfolios.<br> The DFA VA International Small Portfolio has been renamed the <br> Dimensional VA International Small Portfolio.<br> The DFA VA US Targeted Value Portfolio has been renamed the <br> Dimensional VA US Targeted Value Portfolio.<br> The MFS® VIT II International Intrinsic Value Portfolio has been renamed <br> the MFS® VIT II International Intrinsic Equity Portfolio. <br> The Vanguard® VIF Capital Growth Portfolio will be renamed the <br> Vanguard® VIF PRIMECAP Portfolio on or about May 12, 2026.<br>|

---

**3**

------

Important Information You Should Consider About the Contract

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; Are There Charges <br> or Adjustments for <br> Early Withdrawals?<br>| **Yes.** If you withdraw money from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) within 3 years of your last <br> premium payment, you may be assessed a [Surrender Charge](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a). The maximum <br> [Surrender Charge](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a) is 2% during the first year after a premium payment and is <br> 1% in years two and three. If you make an early withdrawal, you could pay a <br> [Surrender Charge](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a) of up to $2,000 on a $100,000 investment. <br> You may surrender a free amount each [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). In the first [Contract](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79)<br> Year, the amount is 10% of the [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d) existing at the time the <br> first surrender is made in that [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). In subsequent years, the amount <br> is 10% of the [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d) existing at the start of that [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). | **Yes.** If you withdraw money from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) within 3 years of your last <br> premium payment, you may be assessed a [Surrender Charge](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a). The maximum <br> [Surrender Charge](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a) is 2% during the first year after a premium payment and is <br> 1% in years two and three. If you make an early withdrawal, you could pay a <br> [Surrender Charge](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a) of up to $2,000 on a $100,000 investment. <br> You may surrender a free amount each [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). In the first [Contract](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79)<br> Year, the amount is 10% of the [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d) existing at the time the <br> first surrender is made in that [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). In subsequent years, the amount <br> is 10% of the [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d) existing at the start of that [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). | **Yes.** If you withdraw money from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) within 3 years of your last <br> premium payment, you may be assessed a [Surrender Charge](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a). The maximum <br> [Surrender Charge](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a) is 2% during the first year after a premium payment and is <br> 1% in years two and three. If you make an early withdrawal, you could pay a <br> [Surrender Charge](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a) of up to $2,000 on a $100,000 investment. <br> You may surrender a free amount each [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). In the first [Contract](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79)<br> Year, the amount is 10% of the [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d) existing at the time the <br> first surrender is made in that [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). In subsequent years, the amount <br> is 10% of the [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d) existing at the start of that [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). | Fee Table |
| &nbsp;&nbsp; Are There <br> Transaction <br> Charges?<br>| **Yes.** In addition to [Surrender Charges](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a), there may also be charges for other <br> transactions.<br> You may make 24 free [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7) transfers in each [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). On <br> subsequent [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7) transfers (other than the Dollar Cost Averaging and <br> Automatic Asset Rebalancing Programs), you will incur a $25 transfer charge.<br> You will also pay a charge if you request a wire transfer of funds from your <br> [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) to another financial institution. That financial institution may also <br> charge a fee to receive a wire. You will also pay a charge if you request to <br> have a check sent to you using an overnight mail service. | **Yes.** In addition to [Surrender Charges](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a), there may also be charges for other <br> transactions.<br> You may make 24 free [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7) transfers in each [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). On <br> subsequent [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7) transfers (other than the Dollar Cost Averaging and <br> Automatic Asset Rebalancing Programs), you will incur a $25 transfer charge.<br> You will also pay a charge if you request a wire transfer of funds from your <br> [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) to another financial institution. That financial institution may also <br> charge a fee to receive a wire. You will also pay a charge if you request to <br> have a check sent to you using an overnight mail service. | **Yes.** In addition to [Surrender Charges](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a), there may also be charges for other <br> transactions.<br> You may make 24 free [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7) transfers in each [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). On <br> subsequent [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7) transfers (other than the Dollar Cost Averaging and <br> Automatic Asset Rebalancing Programs), you will incur a $25 transfer charge.<br> You will also pay a charge if you request a wire transfer of funds from your <br> [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) to another financial institution. That financial institution may also <br> charge a fee to receive a wire. You will also pay a charge if you request to <br> have a check sent to you using an overnight mail service. | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Yes.** The table below describes the fees and expenses that you may pay <br> *each year*, depending on the investment options you choose. Please refer to <br> your [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) specifications page for information about the specific fees you <br> will pay each year based on the options you have elected. The fees and <br> expenses do not reflect any investment advisor fees paid from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) or <br> from other assets of the [Contract Owner.](#contractowner_95a77f71-3a19-4150-93d4-2e69114376fa) If the investment advisor fees were <br> reflected, the fees and expenses would be higher. | **Yes.** The table below describes the fees and expenses that you may pay <br> *each year*, depending on the investment options you choose. Please refer to <br> your [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) specifications page for information about the specific fees you <br> will pay each year based on the options you have elected. The fees and <br> expenses do not reflect any investment advisor fees paid from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) or <br> from other assets of the [Contract Owner.](#contractowner_95a77f71-3a19-4150-93d4-2e69114376fa) If the investment advisor fees were <br> reflected, the fees and expenses would be higher. | **Yes.** The table below describes the fees and expenses that you may pay <br> *each year*, depending on the investment options you choose. Please refer to <br> your [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) specifications page for information about the specific fees you <br> will pay each year based on the options you have elected. The fees and <br> expenses do not reflect any investment advisor fees paid from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) or <br> from other assets of the [Contract Owner.](#contractowner_95a77f71-3a19-4150-93d4-2e69114376fa) If the investment advisor fees were <br> reflected, the fees and expenses would be higher. | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Annual Fee** | **Minimum** | **Maximum** | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Base Contract (as a percentage of <br> daily net assets of each [Portfolio](#portfolio_fe209bfe-e0b2-4727-942c-c73576e65dc4))<br>| 0% | 0.50% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | [Portfolio](#portfolio_fe209bfe-e0b2-4727-942c-c73576e65dc4) Company fees and <br> expenses (With Fund Facilitation Fee <br> added. Expenses that you pay as a <br> percentage of your investment. <br> Expenses may be higher or lower in <br> future years. More detail is contained <br> in the prospectus for each [Portfolio](#portfolio_fe209bfe-e0b2-4727-942c-c73576e65dc4))<br>| 0.22% | 2.675% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Fund Facilitation Fees** | **Minimum** | **Maximum** | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | These fees may be charged to make <br> certain external [Portfolios](#portfolio_fe209bfe-e0b2-4727-942c-c73576e65dc4) available <br> as investment options under the <br> [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) (as a percentage of daily <br> net assets in the specified [Portfolios](#portfolio_fe209bfe-e0b2-4727-942c-c73576e65dc4))<br>| 0% | 0.40% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Optional benefit available for an** <br> **additional charge (if elected)**<br>| **Minimum** | **Maximum** | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Maximum Anniversary Death Benefit <br> (MADB) Rider Charge (as a <br> percentage of the MADB value)<br>| 0% | 0.40% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Because your [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164), <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not take <br> withdrawals from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164), **which could add** [**Surrender Charges**](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a)**that** <br> **substantially increase costs.** | Because your [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164), <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not take <br> withdrawals from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164), **which could add** [**Surrender Charges**](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a)**that** <br> **substantially increase costs.** | Because your [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164), <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not take <br> withdrawals from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164), **which could add** [**Surrender Charges**](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a)**that** <br> **substantially increase costs.** | Fee Table |

---

**4**

------

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| | | | |
|:---|:---|:---|:---|
|  | **Lowest Annual Cost: $634** | **Highest Annual Cost: $3,255** |  |
|  | Assumes: | Assumes: |  |
|  | Investment of $100,000 | Investment of $100,000 |  |
|  | 5% annual appreciation  | 5% annual appreciation  |  |
|  | Least expensive [Portfolio](#portfolio_fe209bfe-e0b2-4727-942c-c73576e65dc4) fees | Most expensive combination of <br> optional benefits, [Portfolio](#portfolio_fe209bfe-e0b2-4727-942c-c73576e65dc4) fees and <br> expenses including a 0.35% fund <br> facilitation fee.  |  |
|  | No optional benefits  | Maximum Anniversary Death Benefit <br> (MADB) Rider 0.20% |  |
|  | No sales charges or investment <br> advisor fees. Investment advisor fees <br> are in addition to the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164)<br> charges illustrated here. <br>| No sales charges or investment <br> advisor fees. Investment advisor fees <br> are in addition to the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) charges <br> illustrated here. |  |
|  | No additional premium payments, <br> transfers or withdrawals <br>| No additional premium payments, <br> transfers or withdrawals |  |
| **RISKS** | **RISKS** | **RISKS** | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; Is There a Risk of <br> Loss from Poor <br> Performance?<br>| **Yes.** You can lose money investing in the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164). | **Yes.** You can lose money investing in the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164). | Principal Risks of <br> Investing in the <br> Contract<br>|
| &nbsp;&nbsp; Is This a <br> Short-Term <br> Investment?<br>| **No.** The [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) is not a short-term investment and is not appropriate for you <br> if you need ready access to cash. Each premium payment has a separate <br> 3-year [Surrender Charge](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a) that may decrease the surrender value.<br> Amounts withdrawn from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) may result in surrender charges, taxes, <br> and tax penalties. | **No.** The [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) is not a short-term investment and is not appropriate for you <br> if you need ready access to cash. Each premium payment has a separate <br> 3-year [Surrender Charge](#charge_73271f3d-0679-45f9-b11d-e9aa3f429a5a) that may decrease the surrender value.<br> Amounts withdrawn from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) may result in surrender charges, taxes, <br> and tax penalties. | Principal Risks of <br> Investing in the <br> Contract<br>|
| &nbsp;&nbsp; What Are the Risks <br> Associated with the <br> Investment <br> Options?<br>| An investment in the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) is subject to the risk of poor investment <br> performance and can vary depending on the performance of the [Investment](#investmentoption_da4ce935-2c23-407a-af83-84fdce52c27c)<br> Options available under the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164). Each [Investment Option](#investmentoption_da4ce935-2c23-407a-af83-84fdce52c27c) (including the <br> [Fixed Account](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b)) will have its own unique risks, and you should review these <br> investment options before making an investment decision. | An investment in the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) is subject to the risk of poor investment <br> performance and can vary depending on the performance of the [Investment](#investmentoption_da4ce935-2c23-407a-af83-84fdce52c27c)<br> Options available under the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164). Each [Investment Option](#investmentoption_da4ce935-2c23-407a-af83-84fdce52c27c) (including the <br> [Fixed Account](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b)) will have its own unique risks, and you should review these <br> investment options before making an investment decision. | Principal Risks of <br> Investing in the <br> Contract<br>|
| &nbsp;&nbsp; What are the Risks <br> Related to the <br> Insurance <br> Company? <br>| An investment in the Contract is subject to the risks related to Thrivent. Any <br> obligations (including those under the Fixed Account), guarantees or benefits <br> are subject to the claims-paying ability of Thrivent. More information about <br> Thrivent, including its financial strength ratings are available upon request <br> bycalling 1-800-847-4836 or by sending an email to mail@thrivent.com. | An investment in the Contract is subject to the risks related to Thrivent. Any <br> obligations (including those under the Fixed Account), guarantees or benefits <br> are subject to the claims-paying ability of Thrivent. More information about <br> Thrivent, including its financial strength ratings are available upon request <br> bycalling 1-800-847-4836 or by sending an email to mail@thrivent.com. | Principal Risks of <br> Investing in the <br> Contract<br>|
| **RESTRICTIONS** | **RESTRICTIONS** | **RESTRICTIONS** | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; Are There Limits <br> on the Investment <br> Options? <br>| **Yes.** We reserve the right to add, delete, combine or substitute investment <br> options.<br> The total amount transferred from a [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7) or the [Fixed Account](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b) must <br> be at least $200. However, if the total value in a [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7) or the [Fixed](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b)<br> Account is less than $200, the entire amount may be transferred.<br> The amount transferred from the [Fixed Account](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b) in any [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79) may not <br> exceed the greater of $10,000 or 50% of the [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d) in the [Fixed](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b)<br> Account, excluding any [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d) in the DCA Fixed Account, at the <br> time the first transfer is made in that [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). | **Yes.** We reserve the right to add, delete, combine or substitute investment <br> options.<br> The total amount transferred from a [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7) or the [Fixed Account](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b) must <br> be at least $200. However, if the total value in a [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7) or the [Fixed](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b)<br> Account is less than $200, the entire amount may be transferred.<br> The amount transferred from the [Fixed Account](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b) in any [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79) may not <br> exceed the greater of $10,000 or 50% of the [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d) in the [Fixed](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b)<br> Account, excluding any [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d) in the DCA Fixed Account, at the <br> time the first transfer is made in that [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79). | Purchases and <br> Contract Value – <br> [Fixed Account](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b)<br>|

---

**5**

------

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp; Are There Any <br> Restrictions on <br> Contract Benefits? <br>| **Yes.** You may only select the Maximum Anniversary Death Benefit (MADB) <br> Rider at the time of [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) application for an additional charge. <br> The MADB is decreased by the same proportion as the [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d)<br> was decreased by a partial surrender. This may reduce the rider value by an <br> amount greater than the value withdrawn or could terminate the benefit.<br> Premium amounts of $1 million or greater will require prior approval, and we <br> reserve the right to limit the total amount of all premiums paid on the Contract <br> to $1 million<br> If you elect to pay the investment advisor fee from the [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d) of <br> the [Contract,](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) this deduction will reduce the value of the death benefit and <br> optional death benefit (if elected), and may be subject to federal and state <br> income taxes and a 10% federal penalty tax. See *Charges – Investment* <br> *Advisor Fees* in the statutory prospectus for additional information. | Benefits Available <br> Under the Contract<br>|
| **TAXES** | **TAXES** | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; Taxes – What are <br> the Contract's Tax <br> Implications?<br>| You should consult with a tax professional to determine the tax implications of <br> an investment in and withdrawals or benefits received under the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164). <br> There is no additional tax benefit if the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) is purchased through a <br> tax-qualified plan or individual retirement account (IRA). Withdrawals may be <br> subject to ordinary income tax and may be subject to a 10% federal tax <br> penalty, if under age 59 <sup>1</sup>∕2 and no exception applies. | Taxes |
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; How are <br> Investment <br> Professionals <br> Compensated? <br>| Financial advisors receive compensation for selling the [Contracts](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164). Pursuant to <br> guidance provided by the Internal Revenue Service in a series of Private <br> Letter Rulings, we will only permit the automatic deduction of investment <br> advisor fees from the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) to be directly paid to the registered investment <br> advisor, if certain requirements are met. If the requirements are met through <br> you completing our form in good order, we will not treat the deduction of fees <br> as taxable distributions. <br> Financial advisors may have a financial incentive to offer or recommend the <br> [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) over another investment. | Distribution of the <br> Contracts<br>|
| &nbsp;&nbsp; Should I Exchange <br> My Contract? <br>| Financial advisors may have a financial incentive to offer you a new contract <br> in place of the one you already own. You should only exchange your contract <br> if you determine, after comparing the features, fees, and risks of both <br> contracts, and any fees or penalties to terminate the existing contract, that it <br> is preferable for you to purchase the new [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) rather than continue to <br> own the existing contract.  | Taxes – <br> Exchanges of <br> Annuity <br> Contracts<br>|

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**6**

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Appendix: Investment Options Available Under the Contract

**(a) Variable Options Available Under the Contract**

The following is a list of [Portfolios](#portfolio_fe209bfe-e0b2-4727-942c-c73576e65dc4) that correspond to the [Subaccount](#subaccount_96cddb90-a5e7-49a0-a881-403dbedf8fe7)s available under the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164). More information about the [Portfolios](#portfolio_fe209bfe-e0b2-4727-942c-c73576e65dc4) is available in the prospectuses for the [Portfolios](#portfolio_fe209bfe-e0b2-4727-942c-c73576e65dc4), which may be amended from time to time and can be found online at dfinview.com/Thrivent/AdvisorFlex. You can also request this information in paper at no cost by calling (800) 847-4836 or by sending an email request to mail@thrivent.com.

The current expenses and performance information below reflects fees and expenses of the [Portfolios](#portfolio_fe209bfe-e0b2-4727-942c-c73576e65dc4) but does not reflect the other fees and expenses (including fund facilitation fees) that your [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) may charge. Expenses would be higher and performance would be lower if these charges were included. The current fund facilitation fee and current expenses plus the fund facilitation fee are shown in separate columns. Each [Portfolio's](#portfolio_fe209bfe-e0b2-4727-942c-c73576e65dc4) past performance is not necessarily an indication of future performance.

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER <br> (SUBADVISER) | **CURRENT** <br>**EXPENSES** | **CURRENT** <br>**FUND** <br>**FACILITATION** <br>**FEE**<sup>1</sup> | **CURRENT** <br>**EXPENSES** <br>**PLUS FUND** <br>**FACILITATION** <br>**FEE** | **AVERAGE ANNUAL TOTAL** <br>**RETURNS** <br>(as of 12/31/25) | **AVERAGE ANNUAL TOTAL** <br>**RETURNS** <br>(as of 12/31/25) | **AVERAGE ANNUAL TOTAL** <br>**RETURNS** <br>(as of 12/31/25) |
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER <br> (SUBADVISER) | **CURRENT** <br>**EXPENSES** | **CURRENT** <br>**FUND** <br>**FACILITATION** <br>**FEE**<sup>1</sup> | **CURRENT** <br>**EXPENSES** <br>**PLUS FUND** <br>**FACILITATION** <br>**FEE** | **1 YEAR** | **5 YEAR** | **10 YEAR** |
| &nbsp;&nbsp; Global <br> Large-Stock <br> Growth<br>| **American Funds IS® Global Growth** <br> **Portfolio - Class 1;** Capital Research <br> and Management Company<br>| 0.40%<sup>2</sup> <br>| 0.35% | 0.75% | 21.98% | 8.51% | 12.46% |
| Large Blend | **American Funds IS®** <br> **Growth-Income Portfolio - Class 1;** <br> Capital Research and Management <br> Company<br>| 0.28% | 0.35% | 0.63% | 18.37% | 14.19% | 14.20% |
| &nbsp;&nbsp; Foreign Large <br> Growth<br>| **American Funds IS® International** <br> **Portfolio - Class 1;** Capital Research <br> and Management Company<br>| 0.47%<sup>2</sup> <br>| 0.35% | 0.82% | 27.04% | 3.66% | 7.26% |
| &nbsp;&nbsp; Intermediate <br> Core-Plus <br> Bond<br>| **BlackRock Total Return V.I.** <br> **Portfolio - Class I;** BlackRock <br> Advisors, LLC<br>| 0.43%<sup>2</sup> <br>| 0.35% | 0.78% | 8.00% | -0.37% | 2.18% |
| &nbsp;&nbsp; Foreign <br> Small/Mid <br> Blend<br>| **Dimensonal VA International Small** <br> **Portfolio**<sup>5</sup> **- Institutional Class;** <br> Dimensional Fund Advisors LP<br>| 0.39% | 0.35% | 0.74% | 36.99% | 8.89% | 8.68% |
| Small Value | **Dimensional VA U.S. Targeted** <br> **Value Portfolio**<sup>6</sup> **- Institutional** <br> **Class;** Dimensional Fund Advisors LP<br>| 0.29% | 0.35% | 0.64% | 8.95% | 13.60% | 11.00% |
| &nbsp;&nbsp; Diversified <br> Emerging <br> Mkts<br>| **Fidelity® VIP Emerging Markets** <br> **Portfolio - Initial Class;** Fidelity <br> Management and Research <br> Company LLC<br>| 0.87% | 0.20% | 1.07% | 41.20% | 5.88% | 10.93% |
| &nbsp;&nbsp; Foreign Large <br> Growth<br>| **Fidelity® VIP International Capital** <br> **Appreciation Portfolio - Initial** <br> **Class;** Fidelity Management and <br> Research Company LLC<br>| 0.78% | 0.20% | 0.98% | 18.69% | 6.26% | 9.81% |
| &nbsp;&nbsp; Mid-Cap <br> Value<br>| **Fidelity® VIP Value Portfolio - Initial** <br> **Class;** Fidelity Management and <br> Research Company LLC<br>| 0.60% | 0.20% | 0.80% | 11.23% | 13.10% | 11.24% |
| &nbsp;&nbsp; Mid-Cap <br> Growth<br>| **Janus Henderson Enterprise** <br> **Portfolio - Institutional Class;** Janus <br> Henderson Investors, US LLC<br>| 0.72% | 0.20% | 0.92% | 7.67% | 7.62% | 12.79% |

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**7**

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER <br> (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **CURRENT**<br> **FUND**<br> **FACILITATION**<br> **FEE**<sup>1</sup> | **CURRENT**<br> **EXPENSES**<br> **PLUS FUND**<br> **FACILITATION**<br> **FEE** | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/25) | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/25) | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/25) |
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER <br> (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **CURRENT**<br> **FUND**<br> **FACILITATION**<br> **FEE**<sup>1</sup> | **CURRENT**<br> **EXPENSES**<br> **PLUS FUND**<br> **FACILITATION**<br> **FEE** | **1 YEAR** | **5 YEAR** | **10 YEAR** |
| &nbsp;&nbsp; Intermediate <br> Core Bond<br>| **John Hancock Core Bond Trust** <br> **Portfolio - Series NAV;** John <br> Hancock Variable Trust Advisers LLC <br> (Allspring Global Investments, LLC)<br>| 0.62%<sup>2</sup> <br>| 0.10% | 0.72% | 7.03% | -0.52% | 1.96% |
| &nbsp;&nbsp; Foreign Large <br> Blend<br>| **John Hancock International Equity** <br> **Index Trust Portfolio - Series NAV;** <br> John Hancock Variable Trust <br> Advisers LLC (SSGA Funds <br> Management, Inc.)<br>| 0.34%<sup>2</sup> <br>| 0.10% | 0.44% | 32.57% | 7.68% | 8.33% |
| &nbsp;&nbsp; Multisector <br> Bond<br>| **John Hancock Strategic Income** <br> **Opportunities Trust Portfolio -** <br> **Series NAV;** John Hancock Variable <br> Trust Advisers LLC (Manulife <br> Investment Management (US) LLC<br>| 0.74%<sup>2</sup> <br>| 0.10% | 0.84% | 7.51% | 1.61% | 3.26% |
| Large Blend | **MFS® VIT II Blended Research** <br> **Core Equity Portfolio - Initial Class**<br>| 0.30%<sup>2</sup> <br>| 0.10% | 0.40% | 16.10% | 15.30% | 13.88% |
| &nbsp;&nbsp; Corporate <br> Bond<br>| **MFS® VIT II Corporate Bond** <br> **Portfolio - Initial Class**<br>| 0.63%<sup>2</sup> <br>| 0.10% | 0.73% | 7.56% | -0.06% | 3.32% |
| &nbsp;&nbsp; Foreign Large <br> Blend<br>| **MFS® VIT II International Intrinsic** <br> **Equity Portfolio**<sup>7</sup> **- Initial Class**<br>| 0.89%<sup>2</sup> <br>| 0.10% | 0.99% | 33.26% | 7.28% | 9.95% |
| Technology | **MFS® VIT II Technology Portfolio -** <br> **Initial Class**<br>| 0.82%<sup>2</sup> <br>| 0.10% | 0.92% | 16.57% | 12.45% | 18.64% |
| &nbsp;&nbsp; Global Real <br> Estate<br>| **MFS® VIT III Global Real Estate** <br> **Portfolio - Initial Class**<br>| 0.90%<sup>2</sup> <br>| 0.10% | 1.00% | 3.53% | 1.32% | 5.01% |
| &nbsp;&nbsp; Mid-Cap <br> Value<br>| **MFS® VIT III Mid Cap Value** <br> **Portfolio - Initial Class**<br>| 0.79%<sup>2</sup> <br>| 0.10% | 0.89% | 5.98% | 10.18% | 9.95% |
| Large Value | **MFS® VIT Value Series Portfolio -** <br> **Initial Class**<br>| 0.69%<sup>2</sup> <br>| 0.10% | 0.79% | 13.01% | 9.95% | 10.05% |
| Global Bond | **PIMCO VIT Global Bond** <br> **Opportunities (Unhedged) -** <br> **Institutional Class**<br>| 1.00% | 0.35% | 1.35% | 13.04% | 0.32% | 2.62% |
| &nbsp;&nbsp; Emerging <br> Markets Bond<br>| **PIMCO VIT Emerging Markets Bond** <br> **Portfolio - Institutional Class**<br>| 1.02% | 0.35% | 1.37% | 15.15% | 2.60% | 5.22% |
| &nbsp;&nbsp; Long <br> Government<br>| **PIMCO VIT Long-Term US** <br> **Government Portfolio - Institutional** <br> **Class**<br>| 2.325% | 0.35% | 2.675% | 6.31% | -6.68% | 0.16% |
| &nbsp;&nbsp; Inflation- <br> Protected <br> Bond<br>| **PIMCO VIT Real Return Portfolio -** <br> **Institutional Class**<br>| 1.24% | 0.35% | 1.59% | 8.01% | 1.36% | 3.37% |
| &nbsp;&nbsp; Foreign Large <br> Blend<br>| **Principal Diversified International** <br> **Portfolio - Class 1;** Principal Global <br> Investors, LLC<br>| 0.86% | 0.35% | 1.21% | 32.36% | 7.40% | 8.08% |
| &nbsp;&nbsp; Intermediate <br> Government<br>| **Principal Government & High** <br> **Quality Bond Portfolio - Class 1;** <br> Principal Global Investors, LLC<br>| 0.50% | 0.35% | 0.85% | 7.91% | -0.23% | 1.26% |
| Small Blend | **Principal SmallCap Portfolio -** <br> **Class 1;** Principal Global Investors, <br> LLC<br>| 0.84% | 0.35% | 1.19% | 15.10% | 6.29% | 9.57% |
| Global Bond | **Templeton Global Bond VIP** <br> **Portfolio - Class 1;** Franklin <br> Advisers, Inc.<br>| 0.50%<sup>2</sup> <br>| 0.20% | 0.70% | 16.09% | -0.69% | 0.11% |

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**8**

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER <br> (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **CURRENT**<br> **FUND**<br> **FACILITATION**<br> **FEE**<sup>1</sup> | **CURRENT**<br> **EXPENSES**<br> **PLUS FUND**<br> **FACILITATION**<br> **FEE** | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/25) | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/25) | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/25) |
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER <br> (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **CURRENT**<br> **FUND**<br> **FACILITATION**<br> **FEE**<sup>1</sup> | **CURRENT**<br> **EXPENSES**<br> **PLUS FUND**<br> **FACILITATION**<br> **FEE** | **1 YEAR** | **5 YEAR** | **10 YEAR** |
| Large Blend | **Thrivent All Cap Portfolio** | 0.66% | N/A | 0.66% | 18.05% | 11.90% | 12.43% |
| &nbsp;&nbsp; Conservative <br> Allocation<br>| **Thrivent Conservative Allocation** <br> **Portfolio**<br>| 0.50% | N/A | 0.50% | 10.17% | 4.03% | 5.42% |
| &nbsp;&nbsp; Moderately <br> Conservative <br> Allocation<br>| **Thrivent Dynamic Allocation** <br> **Portfolio**<br>| 0.68% | N/A | 0.68% | 12.62% | 5.92% | 6.84% |
| &nbsp;&nbsp; Diversified <br> Emerging <br> Mkts<br>| **Thrivent Emerging Markets Equity** <br> **Portfolio**<br>| 1.15%<sup>2</sup> <br>| N/A | 1.15% | 32.20% | 2.10% | 7.47% |
| Large Blend | **Thrivent ESG Index Portfolio** | 0.36%<sup>2</sup> <br>| N/A | 0.36% | 17.78% | 13.56% | N/A<sup>4</sup> <br>|
| &nbsp;&nbsp; Global <br> Large-Stock <br> Blend<br>| **Thrivent Global Stock Portfolio** | 0.60% | N/A | 0.60% | 20.82% | 10.69% | 10.67% |
| Health | **Thrivent Healthcare Portfolio** | 0.92% | N/A | 0.92% | 13.07% | 4.62% | 7.37% |
| &nbsp;&nbsp; High Yield <br> Bond<br>| **Thrivent High Yield Portfolio** | 0.45% | N/A | 0.45% | 8.78% | 4.06% | 5.32% |
| &nbsp;&nbsp; Corporate <br> Bond<br>| **Thrivent Income Portfolio** | 0.44% | N/A | 0.44% | 7.93% | 0.38% | 3.60% |
| &nbsp;&nbsp; Foreign Large <br> Blend<br>| **Thrivent International Equity** <br> **Portfolio**<br>| 0.72% | N/A | 0.72% | 30.87% | 8.54% | 7.41% |
| &nbsp;&nbsp; Foreign Large <br> Blend<br>| **Thrivent International Index** <br> **Portfolio**<br>| 0.37% | N/A | 0.37% | 31.15% | 8.61% | N/A<sup>4</sup> <br>|
| Large Growth | **Thrivent Large Cap Growth** <br> **Portfolio**<br>| 0.43% | N/A | 0.43% | 16.95% | 12.89% | 16.35% |
| Large Blend | **Thrivent Large Cap Index Portfolio** | 0.22% | N/A | 0.22% | 17.62% | 14.17% | 14.54% |
| Large Value | **Thrivent Large Cap Value Portfolio** | 0.62% | N/A | 0.62% | 19.65% | 13.96% | 12.16% |
| &nbsp;&nbsp; Mid-Cap <br> Growth<br>| **Thrivent Mid Cap Growth Portfolio** | 0.89%<sup>2</sup> <br>| N/A | 0.89% | 2.50% | 1.10% | N/A<sup>4</sup> <br>|
| &nbsp;&nbsp; Mid-Cap <br> Blend<br>| **Thrivent Mid Cap Index Portfolio** | 0.25% | N/A | 0.25% | 7.23% | 8.86% | 10.46% |
| &nbsp;&nbsp; Mid-Cap <br> Blend<br>| **Thrivent Mid Cap Stock Portfolio** | 0.66% | N/A | 0.66% | 4.73% | 6.86% | 11.30% |
| &nbsp;&nbsp; Mid-Cap <br> Value<br>| **Thrivent Mid Cap Value Portfolio** | 0.87%<sup>2</sup> <br>| N/A | 0.87% | 10.82% | 11.31% | N/A<sup>4</sup> <br>|
| &nbsp;&nbsp; Money <br> Market - <br> Taxable<br>| **Thrivent Money Market Portfolio** | 0.31% | N/A | 0.31% | 4.06% | 3.05% | 1.93% |
| &nbsp;&nbsp; Multisector <br> Bond<br>| **Thrivent Multisector Bond Portfolio** | 0.74% | N/A | 0.74% | 7.93% | 2.43% | 3.47% |
| Real Estate | **Thrivent Real Estate Securities** <br> **Portfolio**<br>| 0.90% | N/A | 0.90% | 0.67% | 3.89% | 4.68% |
| &nbsp;&nbsp; Short-Term <br> Bond<br>| **Thrivent Short-Term Bond Portfolio** | 0.45% | N/A | 0.45% | 6.06% | 2.75% | 2.89% |
| Small Growth | **Thrivent Small Cap Growth** <br> **Portfolio**<br>| 0.94%<sup>2</sup> <br>| N/A | 0.94% | 1.87% | 1.37% | N/A<sup>3</sup> <br>|
| Small Blend | **Thrivent Small Cap Index Portfolio** | 0.24% | N/A | 0.24% | 5.80% | 7.06% | 9.57% |
| Small Blend | **Thrivent Small Cap Stock Portfolio** | 0.70% | N/A | 0.70% | 2.45% | 7.50% | 11.93% |
| Large Blend | **Vanguard® VIF PRIMECAP** <br> **Portfolio**<sup>8</sup>**;** PRIMECAP Management <br> Company<br>| 0.34% | 0.35% | 0.69% | 28.98% | 13.97% | 14.96% |

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**9**

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER <br> (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **CURRENT**<br> **FUND**<br> **FACILITATION**<br> **FEE**<sup>1</sup> | **CURRENT**<br> **EXPENSES**<br> **PLUS FUND**<br> **FACILITATION**<br> **FEE** | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/25) | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/25) | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/25) |
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER <br> (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **CURRENT**<br> **FUND**<br> **FACILITATION**<br> **FEE**<sup>1</sup> | **CURRENT**<br> **EXPENSES**<br> **PLUS FUND**<br> **FACILITATION**<br> **FEE** | **1 YEAR** | **5 YEAR** | **10 YEAR** |
| &nbsp;&nbsp; Foreign Large <br> Growth<br>| **Vanguard® VIF International** <br> **Portfolio;** Baillie Gifford Overseas <br> Ltd. and Schroeder Investment <br> Management North America Inc.<br>| 0.32% | 0.35% | 0.67% | 19.97% | 0.62% | 10.48% |
| &nbsp;&nbsp; Short-Term <br> Bond<br>| **Vanguard® VIF Short-Term** <br> **Investment-Grade Portfolio;** The <br> Vanguard Group, Inc.<br>| 0.14% | 0.35% | 0.49% | 6.85% | 2.23% | 2.81% |
| Small Growth | **Vanguard® VIF Small Company** <br> **Growth Portfolio**<sup>9</sup>**;** ArrowMark <br> Colorado Holdings, LLC and The <br> Vanguard Group, Inc.<br>| 0.29% | 0.35% | 0.64% | 6.11% | 3.81% | 9.61% |
| &nbsp;&nbsp; Intermediate <br> Core Bond<br>| **Vanguard® VIF Total Bond Market** <br> **Index Portfolio;** The Vanguard <br> Group, Inc.<br>| 0.14% | 0.10% | 0.24% | 6.94% | -0.51% | 1.90% |
| Large Blend | **Vanguard® VIF Total Stock Market** <br> **Index Portfolio;** The Vanguard <br> Group, Inc.<br>| 0.13% | 0.10% | 0.23% | 16.93% | 12.98% | 14.10% |

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<sup>1</sup>

The maximum Fund Facilitation Fee is 0.40%

<sup>2</sup>

Current expenses reflect temporary fee reductions.

<sup>3</sup>

The Fund is not showing Average Annual Total Returns information because the Fund commenced operation on 4/27/2018 and does not have annual returns for the period shown.

<sup>4</sup>

The Fund is not showing Average Annual Total Returns information because the Fund commenced operation on 4/29/2020 and does not have annual returns for the period shown.

<sup>5</sup>

Formerly known as DFA VA International Small Portfolio

<sup>6</sup>

Formerly known as DFA US Targeted Value Portfolio

<sup>7</sup>

Formerly known as MFS® VIT II International Intrinsic Value Portoflio

<sup>8</sup>

Formerly known as Vanguard® VIF Capital Growth Portfolio. Name change will become effective on or about May 12, 2026.

<sup>9</sup>

Contracts with premium allocated to this portfolio as of April 29, 2020 may continue to add premium, as long as you do not transfer <br>all of the Accumulated Value out of this portfolio. New contracts issued on or after April 30, 2020 may not invest in this portfolio.

**(b) Fixed Account Investment Option Available Under the Contract** <br>On or before the [Annuity Date](#annuitydate_a1a47438-d985-452d-b560-6188fa2378ad), you may allocate the premiums paid under the [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164) and transfers from the [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d) in other investment options to the [Fixed Account](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b). Any amounts allocated to the [Fixed Account](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b) are invested with our General Account assets. Interest will be credited on premiums allocated to the [Fixed Account](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b) and on amounts transferred to the [Fixed Account](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b) from the date of allocation or transfer. The initial interest rate for each such allocation or transfer is guaranteed for 12 months, and subsequent interest rates will not change more frequently than every 12 months. Interest will be compounded daily and will never be less than the Fixed Account Guaranteed Interest Rate shown in your [Contract](#contract_1f8186d2-9954-43e1-847a-43a2a29bb164). Interest guarantees are subject to Thrivent's claims-paying ability. For the current interest rate, please call our Service Center at 1-800-847-4836.The last-in, first-out accounting method will be used for partial surrenders, transfers, and transfer charges.The amount transferred from the [Fixed Account](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b) in any [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79) may not exceed the greater of $10,000 or 50% of the [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d) in the [Fixed Account](#fixedaccount_95a427c6-8672-486d-8857-c3da60f4260b), excluding any [Accumulated Value](#accumulatedvalue_d2d9aa5c-1e96-41bc-adbe-75f2ea36ff6d)in the DCA Fixed Account, at the time the first transfer is made in that [Contract Year](#contractyear_ed544c57-4cb0-4a87-a848-753bd0378a79).

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| | | |
|:---|:---|:---|
| **Name** | **Term** | &nbsp;&nbsp; **Minimum Guaranteed**<br> **Interest Rate**<br>|
| Fixed Account | Life of the Contract | 0.50% |

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**10**

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![](g236855thriventballard.jpg)

![](g236855nppost.jpg)

This updating summary prospectus incorporates by reference the Thrivent AdvisorFlex Variable Annuity prospectus and Statement of Additional Information (SAI), both dated April 30, 2026, as amended and supplemented.

The Statement of Additional Information (SAI) dated April 30, 2026 contains more information about the Contract and the Variable Account. The SAI has been filed with the SEC and is incorporated by reference into the prospectuses. The SAI is available, without charge, upon request. You can view a copy of the SAI online at dfinview.com/Thrivent/AdvisorFlex. For a free paper copy of the SAI, to request other information about the Contracts, and to make investor inquiries, you may call our Service Center at 1-800-847-4836, or you may send an email to mail@thrivent.com.

Reports and other information about Thrivent are available on the Securities Exchange Commission Website at http://www.sec.gov. Copies of the information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

Thrivent is the marketing name for Thrivent Financial for Lutherans. Insurance products issued by Thrivent. Securities and investment advisory services offered through Thrivent Investment Management Inc., a registered investment adviser, member FINRA and SIPC, and a subsidiary of Thrivent. Licensed agent/producer of Thrivent. Registered representative of Thrivent Investment Management, Inc. Thrivent.com/disclosures.

Insurance products, securities and investment advisory services are provided by appropriately appointed and licensed financial advisors and professionals. Only individuals who are financial advisors are credentialed to provide investment advisory services. Visit Thrivent.com or FINRA's Broker Check for more information about our financial advisors.

Contract Form #ICC16-WR-FPVA and state variations

EDGAR Contract No. C000211448 32094SPRU R4-26

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