# EDGAR Filing Document

**Accession Number:** 0001173488
**File Stem:** 0001193125-26-190766
**Filing Date:** 2026-4
**Character Count:** 54197
**Document Hash:** 7a9d4a29fe0ccc0151a43edea78f436f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-190766.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001193125-26-190766

**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:** 333-237618
- **FILM NUMBER:** 26913785

**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   |
|:---|:---|:---|
| C000220060 | Thrivent Retirement Choice Variable Annuity |  |

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

---

| | |
|:---|:---|
| ![](g107875thrivent2020_logowreg.jpg) | Thrivent Retirement Choice Variable Annuity |
| ![](g107875thrivent2020_logowreg.jpg) | <br> Thrivent Variable Annuity Account I |
| ![](g107875thrivent2020_logowreg.jpg) |  |
| ![](g107875thrivent2020_logowreg.jpg) | Updating Summary Prospectus<br> **April 30, 2026** |

---

This updating summary prospectus summarizes key features of the Thrivent Retirement Choice Variable Annuity [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0)(the "Contract") offered by Thrivent Financial for Lutherans ("Thrivent," "we," "us" or "our"), a fraternal benefit society organized under Wisconsin law.

The [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) is a complex investment and involves risks, including potential loss of principal. The [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) 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_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) are subject to its financial strength and claims-paying ability.

The statutory prospectus for the [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) contains more information about the [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0), including its features, benefits and risks. You can find the current statutory prospectus and other information about the [Contract online at](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0)dfinview.com/Thrivent/RetirementChoice. You can also request this information at no cost by calling 1-800-847-4836, or by sending an email request to mail@thrivent.com.

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_86d55fc4-4e38-4d13-85b2-ecfb0dfdfbaf_1) | 3 |
| [Updated Information About Your Contract](#xx_74e886c8-59a6-4143-89f8-332afba06bb1_1) | 4 |
| [Important Information You Should Consider About the Contract](#xx_c0a651d8-df08-4aee-af97-3248240630bf_1) | 5 |
| [Appendix A: Investment Options Available Under the Contract](#xx_e26f4720-3487-41eb-9103-62cdc9746324_1) | 8 |
| [Appendix B: Investment Options Available Under a Contract with GLWB Rider](#xx_94794ce4-020c-4ab2-ba6b-5542d691d0b8_1) | 12 |

---

**2**

------

Special Terms

---

| | |
|:---|:---|
| **Accumulated Value** | The sum of the values for your Contract in subaccounts and/or the Fixed Account on <br> or before the Maximum Annuity Date.<br>|
| **Annuity Date**  | A date when annuity income payments begin. |
| **Contract**  | The flexible premium deferred variable annuity contract offered by Thrivent and <br> described in this prospectus.<br>|
| **Contract Anniversary** | The same month and day of each year after issue as in the Date of Issue.  |
| **Contract Year**  | The first Contract Year begins on the Date of Issue and continues through the day <br> before the first Contract Anniversary. Thereafter, a Contract Year begins on one <br> Contract Anniversary and continues through the day before the next Contract <br> Anniversary.<br>|
| **Fixed Account**  | An Investment Option that credits an interest rate. The Fixed Account is part of our <br> General Account. The Fixed Account is not a subaccount. For the current interest rate, <br> please call our Service Center at 1-800-847-4836.<br>|
| **Investment Option** | A Variable Option or the Fixed Account available in this Contract. |
| **Maximum Annuity Date** | The latest date when Annuity Income payments must begin. |
| **Notice**  | A request signed by you or provided in another manner acceptable to us and received <br> in good order by us at our Service Center.<br>|
| **Owner, you, your, yours** | The owner(s) of this contract. |
| **Portfolio**  | Each subaccount invests exclusively in the shares of a corresponding Portfolio of the <br> Fund.<br>|
| **Qualified Plan**  | A contract governed by the requirements of Section 408, or 408A of the Internal <br> Revenue Code, as amended.<br>|
| **Service Center**  | Thrivent, 4321 North Ballard Road, Appleton, Wisconsin 54919-0001, telephone, <br> 1-800-847-4836, or such other office as we may specify in a notice to the Contract <br> Owner.<br>|
| **Subaccount**  | A subdivision of the Variable Account. Each Subaccount 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 7-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_21f52e49-2b41-4750-948b-fd0aa3a17bcf).<br>|

---

**3**

------

Updated Information About Your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0)

The information in this Updating Summary Prospectus is a summary of certain [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) 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_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0).

---

| | |
|:---|:---|
| **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 was updated to reflect the new range of fees for Annual <br> Portfolio expenses. <br>|
| Other Changes | Appendix A: Investment Options Available Under the Contract has been <br> updated to reflect the new fee and performance data.<br> The Putnam VT Research Fund has been renamed Putnam VT <br> U.S. Research Fund in Appendix A and Appendix B. <br>|

---

**4**

------

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_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) within 7 years of your last <br> premium payment, you may be assessed a [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7). Each <br> premium payment will have its own 7-year [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7). The maximum <br> [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7) is 7% during the first two years and decreases by 1% for <br> the next five years. If you make an early withdrawal, you could pay a <br> [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7) of up to $7,000 on a $100,000 investment. This loss will be <br> greater if there are taxes and tax penalties. <br> [Surrender Charge](#surrendercharge_c2d63069-d685-434c-8ef0-9a26c522ac00)s apply only to amounts that exceed the greatest of 10% of <br> the Accumulated Value existing at the time the first surrender is made in a <br> Contract Year, the Contract's earnings or any Required Minimum Distribution. | **Yes**. If you withdraw money from the [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) within 7 years of your last <br> premium payment, you may be assessed a [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7). Each <br> premium payment will have its own 7-year [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7). The maximum <br> [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7) is 7% during the first two years and decreases by 1% for <br> the next five years. If you make an early withdrawal, you could pay a <br> [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7) of up to $7,000 on a $100,000 investment. This loss will be <br> greater if there are taxes and tax penalties. <br> [Surrender Charge](#surrendercharge_c2d63069-d685-434c-8ef0-9a26c522ac00)s apply only to amounts that exceed the greatest of 10% of <br> the Accumulated Value existing at the time the first surrender is made in a <br> Contract Year, the Contract's earnings or any Required Minimum Distribution. | **Yes**. If you withdraw money from the [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) within 7 years of your last <br> premium payment, you may be assessed a [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7). Each <br> premium payment will have its own 7-year [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7). The maximum <br> [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7) is 7% during the first two years and decreases by 1% for <br> the next five years. If you make an early withdrawal, you could pay a <br> [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7) of up to $7,000 on a $100,000 investment. This loss will be <br> greater if there are taxes and tax penalties. <br> [Surrender Charge](#surrendercharge_c2d63069-d685-434c-8ef0-9a26c522ac00)s apply only to amounts that exceed the greatest of 10% of <br> the Accumulated Value existing at the time the first surrender is made in a <br> Contract Year, the Contract's earnings or any Required Minimum Distribution. | Fee Table |
| &nbsp;&nbsp; Are There <br> Transaction <br> Charges?<br>| **Yes**. In addition to [Surrender Charges](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7), there may also be charges for other <br> transactions.<br> You may make 24 free [Subaccount](#subaccount_21f52e49-2b41-4750-948b-fd0aa3a17bcf) transfers in each [Contract Year](#contractyear_c54fc217-eb0a-42bb-b673-76666762d8d4). On <br> subsequent [Subaccount](#subaccount_21f52e49-2b41-4750-948b-fd0aa3a17bcf) transfers (other than the Dollar Cost Averaging and <br> 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_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) 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_a23baeda-14a6-4e68-a127-5424f3804dc7), there may also be charges for other <br> transactions.<br> You may make 24 free [Subaccount](#subaccount_21f52e49-2b41-4750-948b-fd0aa3a17bcf) transfers in each [Contract Year](#contractyear_c54fc217-eb0a-42bb-b673-76666762d8d4). On <br> subsequent [Subaccount](#subaccount_21f52e49-2b41-4750-948b-fd0aa3a17bcf) transfers (other than the Dollar Cost Averaging and <br> 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_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) 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_a23baeda-14a6-4e68-a127-5424f3804dc7), there may also be charges for other <br> transactions.<br> You may make 24 free [Subaccount](#subaccount_21f52e49-2b41-4750-948b-fd0aa3a17bcf) transfers in each [Contract Year](#contractyear_c54fc217-eb0a-42bb-b673-76666762d8d4). On <br> subsequent [Subaccount](#subaccount_21f52e49-2b41-4750-948b-fd0aa3a17bcf) transfers (other than the Dollar Cost Averaging and <br> 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_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) 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 Option](#investmentoption_5c0d67d9-6049-424c-bac4-0720038316db)s and optional benefits you <br> choose. Please refer to your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) specifications page for information <br> about the specific fees you will pay each year based on the options you have <br> elected.  | **Yes.** The table below describes the fees and expenses that you may pay <br> *each year*, depending on the [Investment Option](#investmentoption_5c0d67d9-6049-424c-bac4-0720038316db)s and optional benefits you <br> choose. Please refer to your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) specifications page for information <br> about the specific fees you will pay each year based on the options you have <br> elected.  | **Yes.** The table below describes the fees and expenses that you may pay <br> *each year*, depending on the [Investment Option](#investmentoption_5c0d67d9-6049-424c-bac4-0720038316db)s and optional benefits you <br> choose. Please refer to your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) specifications page for information <br> about the specific fees you will pay each year based on the options you have <br> elected.  | 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_783714e8-6f1e-4ac3-b157-00fbc2b1d811))<br>| 0.50% | 1.25% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Portfolio Company fees and <br> expenses (Expenses that you pay as <br> a 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_783714e8-6f1e-4ac3-b157-00fbc2b1d811))<br>| 0.22% | 2.575% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Optional benefits available for an** <br> **additional charge (only one** <br> **optional benefit may be selected)**<br>| **Minimum** | **Maximum** | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Thrivent Income Builder (GLWB) <br> Rider Charge (as a percentage of the <br> Benefit Base)<br>| 0.50% | 2.50% | 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>| 0.20% | 0.50% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Because your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0), <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_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0), **which could add** [**Surrender Charge**](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7)**s that** <br> **substantially increase costs.** | Because your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0), <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_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0), **which could add** [**Surrender Charge**](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7)**s that** <br> **substantially increase costs.** | Because your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0), <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_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0), **which could add** [**Surrender Charge**](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7)**s that** <br> **substantially increase costs.** | Fee Table |

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**5**

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| | | | |
|:---|:---|:---|:---|
|  | **Lowest Annual Cost: $1,496** | **Highest Annual Cost: $4,914** |  |
|  | Assumes: | Assumes: |  |
|  | Investment of $100,000 | Investment of $100,000 |  |
|  | 5% annual appreciation  | 5% annual appreciation  |  |
|  | Least expensive [Portfolio](#portfolio_783714e8-6f1e-4ac3-b157-00fbc2b1d811) fees and <br> expenses <br>| Most expensive [Portfolio](#portfolio_783714e8-6f1e-4ac3-b157-00fbc2b1d811) fees and <br> expenses  |  |
|  | No optional benefits  | Thrivent Income Builder (GLWB) Rider |  |
|  | No sales charges  | No sales charges |  |
|  | 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_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0). | **Yes.** You can lose money investing in the [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0). | Principal Risks of <br> Investing in the <br> Contract<br>|
| &nbsp;&nbsp; Is This a <br> Short-Term <br> Investment?<br>| **No.** This product is not a short-term investment and is not appropriate for an <br> investor who needs ready access to cash. Each premium payment has a <br> 7-year [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7) that may decrease the surrender value. Amounts <br> withdrawn from the [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) may result in surrender charges, taxes, and tax <br> penalties. | **No.** This product is not a short-term investment and is not appropriate for an <br> investor who needs ready access to cash. Each premium payment has a <br> 7-year [Surrender Charge](#charge_a23baeda-14a6-4e68-a127-5424f3804dc7) that may decrease the surrender value. Amounts <br> withdrawn from the [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) may result in surrender charges, taxes, and tax <br> 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_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) is subject to the risk of poor investment <br> performance and can vary depending on the performance of the [Investment](#investmentoption_5c0d67d9-6049-424c-bac4-0720038316db)<br> Options available under the [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0). Each [Investment Option](#investmentoption_5c0d67d9-6049-424c-bac4-0720038316db) (including the <br> [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678)) 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_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) is subject to the risk of poor investment <br> performance and can vary depending on the performance of the [Investment](#investmentoption_5c0d67d9-6049-424c-bac4-0720038316db)<br> Options available under the [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0). Each [Investment Option](#investmentoption_5c0d67d9-6049-424c-bac4-0720038316db) (including the <br> [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678)) 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 by <br> calling 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 by <br> calling 1-800-847-4836 or by sending an email to mail@thrivent.com. | Principal Risks of <br> Investing in the <br> Contract<br>|

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**6**

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| | | |
|:---|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** | **Location in**<br> **Statutory**<br> **Prospectus**<br>|
| &nbsp;&nbsp; Are There <br> Restrictions on the <br> Investment <br> Options? <br>| **Yes.** We reserve the right to add, delete, combine or substitute investment <br> [Subaccount](#subaccount_21f52e49-2b41-4750-948b-fd0aa3a17bcf)s.<br> The amount transferred from the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678) in any [Contract Year](#contractyear_c54fc217-eb0a-42bb-b673-76666762d8d4) may not <br> exceed the greater of $500 or 25% of the [Accumulated Value](#accumulatedvalue_886539e8-bca2-426e-a4db-ec36cbb39062) in the [Fixed](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678)<br> Account.<br> If you have added the optional Thrivent Income Builder (GLWB) Rider to your <br> Contract, you will be subject to investment restrictions. There are currently <br> two options available, the Asset Allocation Option or the Custom Allocation <br> Option. Premium and Accumulated Value allocations must comply with one of <br> these options. We may change these options and available [Subaccount](#subaccount_21f52e49-2b41-4750-948b-fd0aa3a17bcf)s <br> upon [Notice](#notice_4a48daf4-d541-4987-82e7-69d22fe3a570).<br> Premium amounts of $1 million or greater require prior approval. We reserve <br> the right to limit the total of all premiums paid under the Contract to $1 million. | Purchases and <br> Contract Value<br> Appendix B: <br> Investment Options <br> Available Under a <br> Contract with <br> GLWB Rider<br>|
| &nbsp;&nbsp; Are There Any <br> Restrictions on <br> Contract Benefits? <br>| **Yes.** You may only select the GLWB Rider or the MADB Rider at the time of <br> [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) application. Only one optional benefit may be selected. Neither rider <br> may be canceled within the first two years after the [Date of Issue](#dateofissue_1b6d673d-67c4-4942-873c-a7804bb6b8a8). <br> Withdrawals that exceed the limits under the GLWB Rider may reduce the <br> benefit by an amount greater than the value withdrawn or could terminate the <br> benefit.<br> The MADB is decreased by the same proportion as the [Accumulated Value](#accumulatedvalue_886539e8-bca2-426e-a4db-ec36cbb39062) is <br> 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. After <br> Contract Age 80, the benefit is adjusted only for additional premium or <br> withdrawals. | 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_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0). <br> There is no additional tax benefit if the [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) is purchased through a <br> tax-qualified individual retirement account (IRA). Withdrawals will be subject <br> to ordinary income tax and may be subject to a 10% federal tax penalty, if <br> 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 or professionals receive compensation for selling the <br> [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0)s through commissions based on the contributions you make to the <br> contract. They also receive trailing compensation based on the [Contract's](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0)<br> [Accumulated Value](#accumulatedvalue_886539e8-bca2-426e-a4db-ec36cbb39062). Financial advisors or professionals may have a financial <br> incentive to offer or recommend the [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) over another investment. | Distribution of the <br> Contracts<br>|
| &nbsp;&nbsp; Should I Exchange <br> My Contract? <br>| Some financial advisors or professionals may have a financial incentive to <br> offer you a new contract in place of the one you already own. You should only <br> exchange your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) if you determine, after comparing the features, fees, <br> and risks of both contracts, and any fees or penalties to terminate the <br> existing contract, that it is preferable for you to purchase the new [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0)<br> rather than continue to own the existing [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0). | Taxes - Exchanges <br> of Annuity <br> Contracts<br>|

---

**7**

------

Appendix A: Investment Options Available Under the Contract

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

The following is a list of [Portfolio](#portfolio_783714e8-6f1e-4ac3-b157-00fbc2b1d811) Companies available under the [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0). More information about the [Portfolio](#portfolio_783714e8-6f1e-4ac3-b157-00fbc2b1d811)Companies is available in the prospectuses for the [Portfolio](#portfolio_783714e8-6f1e-4ac3-b157-00fbc2b1d811), which may be amended from time to time and can be found online at dfinview.com/Thrivent/RetirementChoice. You can also request this information at no cost by calling (800) 847-4836 or by sending an email request to mail@thrivent.com. If you have elected the GLWB Rider, certain investment restrictions will apply. See "Appendix B: Investment Options Available Under a Contract with GLWB Rider" for information regarding the allocation restrictions associated with this optional benefit.

The current expenses and performance information below reflects fees and expenses of the [Portfolio](#portfolio_783714e8-6f1e-4ac3-b157-00fbc2b1d811) Companies, but do not reflect the other fees and expenses that your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0) may charge. Expenses would be higher and performance would be lower if these charges were included. Each [Portfolio](#portfolio_783714e8-6f1e-4ac3-b157-00fbc2b1d811) Company's past performance is not necessarily an indication of future performance.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER (SUBADVISER) | **CURRENT** <br>**EXPENSES** | **AVERAGE ANNUAL TOTAL RETURNS** <br>(as of 12/31/25) | **AVERAGE ANNUAL TOTAL RETURNS** <br>(as of 12/31/25) | **AVERAGE ANNUAL TOTAL RETURNS** <br>(as of 12/31/25) |
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER (SUBADVISER) | **CURRENT** <br>**EXPENSES** | **1 YEAR** | **5 YEAR** | **10 YEAR** |
| &nbsp;&nbsp; Global <br> Large-Stock <br> Growth<br>| **American Funds IS® Global Growth Portfolio - Class** <br> **4;** Capital Research and Management Company<br>| 0.90%<sup>1</sup> <br>| 21.34% | 7.97% | 11.89% |
| Large Blend | **American Funds IS® Growth-Income Portfolio - Class** <br> **4;** Capital Research and Management Company<br>| 0.78% | 17.77% | 13.62% | 13.63% |
| &nbsp;&nbsp; Foreign Large <br> Blend<br>| **American Funds IS® International Growth and Income** <br> **Portfolio - Class 4; Capital Research and Management** <br> **Company**<br>| 1.06% | 35.09% | 7.42% | 7.54% |
| &nbsp;&nbsp; Foreign Large <br> Growth<br>| **American Funds IS® International Portfolio - Class 4;** <br> Capital Research and Management Company<br>| 0.97% | 26.41% | 3.14% | 6.73% |
| &nbsp;&nbsp; Intermediate <br> Core-Plus <br> Bond<br>| **BlackRock Total Return V.I. Portfolio Class III;** <br> BlackRock Advisors, LLC<br>| 0.74%<sup>1</sup> <br>| 7.60% | -0.67% | 1.86% |
| Bank Loan | **Eaton Vance VT Floating-Rate Income Portfolio - Initial** <br> **Class;** Eaton Vance Management<br>| 1.19% | 3.95% | 4.64% | 4.43% |
| &nbsp;&nbsp; Diversified <br> Emerging <br> Mkts<br>| **Fidelity® VIP Emerging Markets Portfolio - Service** <br> **Class 2;** Fidelity Management and Research <br> Company LLC<br>| 1.12% | 40.79% | 5.62% | 10.66% |
| Equity Energy | **Fidelity® VIP Energy Portfolio - Service Class 2;** <br> Fidelity Management and Research Company LLC<br>| 0.85% | 10.34% | 23.86% | 7.69% |
| &nbsp;&nbsp; Foreign Large <br> Growth<br>| **Fidelity® VIP International Capital Appreciation** <br> **Portfolio - Service Class 2;** Fidelity Management and <br> Research Company LLC<br>| 1.02% | 18.36% | 5.99% | 9.53% |
| &nbsp;&nbsp; Mid-Cap <br> Value<br>| **Fidelity® VIP Value Portfolio - Service Class 2;** Fidelity <br> Management and Research Company LLC<br>| 0.85% | 10.95% | 12.82% | 10.96% |
| Small Value | **Franklin Small Cap Value VIP Portfolio - Class 2;** <br> Franklin Mutual Advisers, LLC<br>| 0.91%<sup>1</sup> <br>| 7.65% | 8.86% | 9.81% |
| &nbsp;&nbsp; Intermediate <br> Core Bond<br>| **Goldman Sachs VIT Core Fixed Income Portfolio -** <br> **Service Class;** Goldman Sachs Asset Management, L.P.<br>| 0.67%<sup>1</sup> <br>| 7.32% | -0.81% | 1.86% |
| Small Blend | **Goldman Sachs VIT Small Cap Equity Insights** <br> **Portfolio - Service Class;** Goldman Sachs Asset <br> Management, L.P.<br>| 1.07%<sup>1</sup> <br>| 15.82% | 10.19% | 10.57% |
| &nbsp;&nbsp; Mid-Cap <br> Growth<br>| **Janus Henderson VIT Enterprise Portfolio - Service** <br> **Class;** Janus Henderson Investors, US LLC<br>| 0.97% | 7.41% | 7.35% | 12.51% |

---

**8**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **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 (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **1 YEAR** | **5 YEAR** | **10 YEAR** |
| Large Growth | **Janus Henderson VIT Forty Portfolio - Service Class;** <br> Janus Henderson Investors, US LLC<br>| 0.87% | 17.86% | 11.37% | 15.96% |
| &nbsp;&nbsp; Intermediate <br> Core Bond<br>| **John Hancock VIT Core Bond Trust Portfolio - Series** <br> **II;** John Hancock Variable Trust Advisers LLC (Allspring <br> Global Investments, LLC)<br>| 0.87%<sup>1</sup> <br>| 6.77% | -0.78% | 1.70% |
| &nbsp;&nbsp; Foreign <br> Small/Mid <br> Blend<br>| **John Hancock VIT International Small Company Trust** <br> **Portfolio - Series II;** John Hancock Variable Trust <br> Advisers LLC (Dimensional Fund Advisors LP)<br>| 1.26%<sup>1</sup> <br>| 34.67% | 7.77% | 7.57% |
| &nbsp;&nbsp; Multisector <br> Bond<br>| **John Hancock VIT Strategic Income Opportunities** <br> **Trust Portfolio - Series II;** John Hancock Variable Trust <br> Advisers LLC [Manulife Investment Management (US) <br> LLC]<br>| 0.99%<sup>1</sup> <br>| 7.22% | 1.34% | 3.00% |
| Large Blend | **MFS® VIT II Core Equity Portfolio - Service Class** | 1.03%<sup>1</sup> <br>| 12.22% | 11.26% | 13.53% |
| Technology | **MFS® VIT II Technology Portfolio - Service Class** | 1.07%<sup>1</sup> <br>| 16.28% | 12.17% | 18.35% |
| &nbsp;&nbsp; Global Real <br> Estate<br>| **MFS® VIT III Global Real Estate Portfolio - Service** <br> **Class**<br>| 1.15%<sup>1</sup> <br>| 3.30% | 1.08% | 4.76% |
| &nbsp;&nbsp; Mid-Cap <br> Value<br>| **MFS® VIT III Mid Cap Value Portfolio - Service Class** | 1.04%<sup>1</sup> <br>| 5.75% | 9.90% | 9.69% |
| Small Growth | **MFS® VIT New Discovery Series Portfolio - Service** <br> **Class**<br>| 1.12%<sup>1</sup> <br>| 12.56% | -0.54% | 10.46% |
| Large Value | **MFS® VIT Value Series Portfolio - Service Class** | 0.94%<sup>1</sup> <br>| 12.77% | 9.69% | 9.77% |
| &nbsp;&nbsp; Emerging <br> Markets Bond<br>| **PIMCO VIT Emerging Markets Bond Portfolio - Advisor** <br> **Class**<br>| 1.27% | 14.86% | 2.34% | 4.96% |
| Global Bond | **PIMCO VIT Global Bond Opportunitites Portfolio** <br> **(Unhedged) - Advisor Class**<br>| 1.25% | 12.76% | 0.07% | 2.36% |
| &nbsp;&nbsp; Long <br> Government<br>| **PIMCO VIT Long-Term US Government Portfolio -** <br> **Advisor Class**<br>| 2.575% | 6.04% | -6.91% | -0.09% |
| &nbsp;&nbsp; Inflation- <br> Protected <br> Bond<br>| **PIMCO VIT Real Return Portfolio - Advisor Class** | 1.49% | 7.74% | 1.11% | 3.11% |
| Large Blend | **Principal VC Capital Appreciation Portfolio - Class 2;** <br> Principal Global Investors, LLC<br>| 0.88% | 13.22% | 13.53% | 14.07% |
| Large Value | **Principal VC Equity Income Portfolio - Class 2;** <br> Principal Global Investors, LLC<br>| 0.73% | 15.25% | 9.94% | 11.24% |
| &nbsp;&nbsp; Foreign Large <br> Value<br>| **Putnam VT International Value Portfolio - Class IB;** <br> Putnam Investment Management, LLC<br>| 1.06% | 34.68% | 12.49% | 8.86% |
| Large Blend | **Putnam VT U.S. Research Portfolio**<sup>4</sup> **- Class IB;** Putnam <br> Investment Management, LLC<br>| 0.93% | 17.88% | 14.52% | 15.07% |
| Global Bond | **Templeton Global Bond VIP - Class 2;** Franklin Advisers, <br> Inc.<br>| 0.75%<sup>1</sup> <br>| 15.73% | -0.96% | -0.15% |
| &nbsp;&nbsp; Aggressive <br> Allocation<br>| **Thrivent Aggressive Allocation Portfolio** | 0.85%<sup>1</sup> <br>| 15.81% | 9.61% | 11.26% |
| Large Blend | **Thrivent All Cap Portfolio** | 0.66% | 18.05% | 11.90% | 12.43% |
| &nbsp;&nbsp; Conservative <br> Allocation<br>| **Thrivent Conservative Allocation Portfolio** | 0.50% | 10.17% | 4.03% | 5.42% |
| &nbsp;&nbsp; Moderately <br> Conservative <br> Allocation<br>| **Thrivent Dynamic Allocation Portfolio** | 0.68% | 12.62% | 5.92% | 6.84% |
| &nbsp;&nbsp; Diversified <br> Emerging <br> Mkts<br>| **Thrivent Emerging Markets Equity Portfolio** | 1.15%<sup>1</sup> <br>| 32.20% | 2.10% | 7.47% |

---

**9**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **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 (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **1 YEAR** | **5 YEAR** | **10 YEAR** |
| Large Blend | **Thrivent ESG Index Portfolio** | 0.36%<sup>1</sup> <br>| 17.78% | 13.56% | N/A<sup>3</sup> <br>|
| &nbsp;&nbsp; Global <br> Large-Stock <br> Blend<br>| **Thrivent Global Stock Portfolio** | 0.60% | 20.82% | 10.69% | 10.67% |
| &nbsp;&nbsp; Intermediate <br> Government<br>| **Thrivent Government Bond Portfolio** | 0.49% | 7.32% | 0.01% | 1.74% |
| Health | **Thrivent Healthcare Portfolio** | 0.92% | 13.07% | 4.62% | 7.37% |
| &nbsp;&nbsp; High Yield <br> Bond<br>| **Thrivent High Yield Portfolio** | 0.45% | 8.78% | 4.06% | 5.32% |
| &nbsp;&nbsp; Corporate <br> Bond<br>| **Thrivent Income Portfolio** | 0.44% | 7.93% | 0.38% | 3.60% |
| &nbsp;&nbsp; Foreign Large <br> Blend<br>| **Thrivent International Equity Portfolio** | 0.72% | 30.87% | 8.54% | 7.41% |
| &nbsp;&nbsp; Foreign Large <br> Blend<br>| **Thrivent International Index Portfolio** | 0.37% | 31.15% | 8.61% | N/A<sup>3</sup> <br>|
| Large Growth | **Thrivent Large Cap Growth Portfolio** | 0.43% | 16.95% | 12.89% | 16.35% |
| Large Blend | **Thrivent Large Cap Index Portfolio** | 0.22% | 17.62% | 14.17% | 14.54% |
| Large Value | **Thrivent Large Cap Value Portfolio** | 0.62% | 19.65% | 13.96% | 12.16% |
| &nbsp;&nbsp; Mid-Cap <br> Growth<br>| **Thrivent Mid Cap Growth Portfolio** | 0.89%<sup>1</sup> <br>| 2.50% | 1.10% | N/A<sup>3</sup> <br>|
| &nbsp;&nbsp; Mid-Cap <br> Blend<br>| **Thrivent Mid Cap Index Portfolio** | 0.25% | 7.23% | 8.86% | 10.46% |
| &nbsp;&nbsp; Mid-Cap <br> Blend<br>| **Thrivent Mid Cap Stock Portfolio** | 0.66% | 4.73% | 6.86% | 11.30% |
| &nbsp;&nbsp; Mid-Cap <br> Value<br>| **Thrivent Mid Cap Value Portfolio** | 0.87%<sup>1</sup> <br>| 10.82% | 11.31% | N/A<sup>3</sup> <br>|
| &nbsp;&nbsp; Moderate <br> Allocation<br>| **Thrivent Moderate Allocation Portfolio** | 0.70%<sup>1</sup> <br>| 13.63% | 7.13% | 8.38% |
| &nbsp;&nbsp; Moderately <br> Aggressive <br> Allocation<br>| **Thrivent Moderately Aggressive Allocation Portfolio** | 0.76%<sup>1</sup> <br>| 15.46% | 8.30% | 9.69% |
| &nbsp;&nbsp; Moderately <br> Conservative <br> Allocation<br>| **Thrivent Moderately Conservative Allocation Portfolio** | 0.65%<sup>1</sup> <br>| 12.10% | 4.49% | 6.04% |
| &nbsp;&nbsp; Money <br> Market - <br> Taxable<br>| **Thrivent Money Market Portfolio** | 0.31% | 4.06% | 3.05% | 1.93% |
| &nbsp;&nbsp; Multisector <br> Bond<br>| **Thrivent Multisector Bond Portfolio** | 0.74% | 7.93% | 2.43% | 3.47% |
| Real Estate | **Thrivent Real Estate Securities Portfolio** | 0.90% | 0.67% | 3.89% | 4.68% |
| &nbsp;&nbsp; Short-Term <br> Bond<br>| **Thrivent Short-Term Bond Portfolio** | 0.45% | 6.06% | 2.75% | 2.89% |
| Small Growth | **Thrivent Small Cap Growth Portfolio** | 0.94%<sup>1</sup> <br>| 1.87% | 1.37% | N/A<sup>2</sup> <br>|
| Small Blend | **Thrivent Small Cap Index Portfolio** | 0.24% | 5.80% | 7.06% | 9.57% |
| Small Blend | **Thrivent Small Cap Stock Portfolio** | 0.70% | 2.45% | 7.50% | 11.93% |

---

<sup>1</sup>

Current expenses reflect temporary fee reductions.

<sup>2</sup>

The Fund is not showing Average Annual Total Returns information because the Fund commenced operation on 04/27/2018 and does not have annual returns for the period shown.

<sup>3</sup>

The Fund is not showing Average Annual Total Returns information because the Fund commenced operation on 04/29/2020 and does not have annual returns for the period shown.

<sup>4</sup>

Formerly known as Putnam VT Research Portfolio

**10**

------

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

**(b) Fixed Account Investment Option Available Under the Contract**

Premiums and [Accumulated Value](#accumulatedvalue_886539e8-bca2-426e-a4db-ec36cbb39062) may be allocated to or transferred to the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678). We reserve the right to limit allocations or transfers to the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678). The amount transferred from the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678) in any [Contract Year](#contractyear_c54fc217-eb0a-42bb-b673-76666762d8d4) may not exceed the greater of $500 or 25% of the [Accumulated Value](#accumulatedvaule_a134ebfd-7e97-45aa-99d0-380ae6d9644b) in the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678), excluding any [Accumulated Value](#accumulatedvaule_a134ebfd-7e97-45aa-99d0-380ae6d9644b) in the DCA Fixed Account, at the time the first transfer is made in that [Contract Year](#contractyear_c54fc217-eb0a-42bb-b673-76666762d8d4).

Amounts held in the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678) are invested with our General Account. The interest rates for amounts in the [Fixed](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678)Account depend on the date of allocation or transfer to the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678). We guarantee that the initial interest rate for each amount allocated or transferred to the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678) will be effective for at least twelve months, and subsequent interest rates will not be changed more often than once every twelve months. The effective annual interest rate will never be less than the Fixed Account Guaranteed Minimum Interest Rate shown in your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0). At our discretion, we may credit interest in excess of the guaranteed interest rate.

For the current interest rate, please call our [Service Center](#servicecenter_36cc8c88-cdb6-4514-bf4c-544a49746c58) at 1-800-847-4836. The date of allocation or transfer is the date that interest begins to accrue. Interest is compounded daily. Interest guarantees are subject to Thrivent's claims-paying ability.

---

| | | |
|:---|:---|:---|
| **Name** | **Term** | **Minimum Guaranteed**<br> **Interest Rate**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Account<br> (all states except New York)<br>| Life of the Contract | 0.50% for Contracts issued on or after 10/1/2020 <br> 1.00% for Contracts issued before 10/1/2020<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Account<br> (New York only)<br>| Life of the Contract  | 1.00% |

---

**11**

------

Appendix B: Investment Options Available Under a Contract with GLWB Rider

If you have the optional Thrivent Income Builder (GLWB) Rider, you will be subject to investment restrictions. There are currently two options available, the Asset Allocation Option or the Custom Option. Premium and Accumulated Value allocations must comply with one of these options. You will receive Notice if these change in the future.

The Asset Allocation Option requires 100% allocation among the available [Subaccount](#subaccount_21f52e49-2b41-4750-948b-fd0aa3a17bcf)s and there are no restrictions on the percentage you may allocate into each [Subaccount](#subaccount_21f52e49-2b41-4750-948b-fd0aa3a17bcf).

The Custom Option has five different groups with a specified minimum or maximum percentage of premium or Accumulated Value that can be allocated to each group. You select the percentages of premium or Accumulated Value to allocate to [Subaccount](#subaccount_21f52e49-2b41-4750-948b-fd0aa3a17bcf)s within each group. Each option is also subject to automatic quarterly asset rebalancing. <br>

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GLWB RIDER**<br> **Asset Allocation Option** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GLWB RIDER**<br> **Asset Allocation Option** |
| **ALLOCATION OPTIONS** | **REQUIRED ALLOCATION PERCENTAGES** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thrivent Conservative Allocation Portfolio<br> Thrivent Dynamic Allocation Portfolio<br> Thrivent Moderate Allocation Portfolio<br> Thrivent Moderately Aggressive Allocation Portfolio <br> Thrivent Moderately Conservative Allocation Portfolio<br>| 100% |

---

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

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GLWB RIDER**<br> **Custom Allocation Option** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GLWB RIDER**<br> **Custom Allocation Option** |
| **ALLOCATION OPTIONS** | **REQUIRED ALLOCATION PERCENTAGES** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Group 1**<br> Thrivent Fixed Account<sup>1</sup> <br>| 0-10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Group 2**<br> BlackRock Total Return V.I. Portfolio<br> Eaton Vance VT Floating-Rate Income Portfolio<br> Goldman Sachs VIT Core Fixed Income Portfolio<br> John Hancock VIT Core Bond Trust Portfolio<br> John Hancock VIT Strategic Income Opportunities Trust Portfolio<br> PIMCO VIT Global Bond Opportunities (unhedged) Portfolio<br> PIMCO VIT Long-Term US Government Portfolio<br> PIMCO VIT Real Return Portfolio<br> Templeton Global Bond VIP Portfolio<br> Thrivent Government Bond Portfolio<br> Thrivent High Yield Portfolio <br> Thrivent Income Portfolio <br> Thrivent Short-Term Bond Portfolio <br> Thrivent Money Market Portfolio<br>| 20-90% |

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**12**

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GLWB RIDER**<br> **Custom Allocation Option** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GLWB RIDER**<br> **Custom Allocation Option** |
| **ALLOCATION OPTIONS** | **REQUIRED ALLOCATION PERCENTAGES** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Group 3**<br> American Funds IS® Global Growth Portfolio<br> American Funds IS® Growth-Income Portfolio<br> American Funds IS® International Growth and Income Portfolio<br> American Funds IS® International Portfolio<br> Fidelity® VIP Value Portfolio<br> Fidelity® VIP International Capital Appreciation Portfolio<br> Janus Henderson VIT Enterprise Portfolio<br> Janus Henderson VIT Forty Portfolio<br> MFS® VIT II Core Equity Portfolio<br> MFS® VIT III Mid Cap Value Portfolio<br> MFS® VIT Value Series Portfolio<br> Principal Capital Appreciation Portfolio<br> Principal VC Equity Income Portfolio<br> Putnam VT International Value Portfolio<br> Putnam VT U.S. Research Portfolio<sup>2</sup> <br>Thrivent Aggressive Allocation Portfolio<br> Thrivent All Cap Portfolio <br> Thrivent Conservative Allocation Portfolio <br> Thrivent Dynamic Allocation Portfolio <br> Thrivent ESG Index Portfolio <br> Thrivent Global Stock Portfolio <br> Thrivent International Equity Portfolio<br> Thrivent International Index Portfolio<br> Thrivent Large Cap Growth Portfolio<br> Thrivent Large Cap Index Portfolio<br> Thrivent Large Cap Value Portfolio<br> Thrivent Low Volatility Equity Portfolio<br> Thrivent Mid Cap Growth Portfolio<br> Thrivent Mid Cap Index Portfolio<br> Thrivent Mid Cap Stock Portfolio<br> Thrivent Mid Cap Value Portfolio<br> Thrivent Moderate Allocation Portfolio<br> Thrivent Moderately Aggressive Allocation Portfolio <br> Thrivent Moderately Conservative Allocation Portfolio<br> Thrivent Multidimensional Income Portfolio <br> Thrivent Multisector Bond Portfolio<br>| 0-70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Group 4**<br> Franklin Small Cap Value VIP Portfolio<br> Goldman Sachs VIT Small Cap Equity Insights Portfolio<br> John Hancock VIT International Small Company Trust Portfolio<br> MFS® VIT New Discovery Series Portfolio<br> Thrivent Small Cap Growth Portfolio <br> Thrivent Small Cap Index Portfolio <br> Thrivent Small Cap Stock Portfolio<br>| 0-40% |

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**13**

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GLWB RIDER**<br> **Custom Allocation Option** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GLWB RIDER**<br> **Custom Allocation Option** |
| **ALLOCATION OPTIONS** | **REQUIRED ALLOCATION PERCENTAGES** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Group 5**<br> Fidelity® VIP Emerging Markets Portfolio<br> Fidelity® VIP Energy Portfolio<br> MFS® VIT II Technology Portfolio<br> MFS® VIT III Global Real Estate Portfolio<br> PIMCO VIT Emerging Markets Bond Portfolio<br> Thrivent Emerging Markets Equity Portfolio<br> Thrivent Healthcare Portfolio<br> Thrivent Real Estate Securities Portfolio<br>| 0-10% |

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<sup>1</sup> Amounts held in the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678) are invested with our General Account. The interest rates for amounts in the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678) depend on the date of allocation or transfer to the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678). We guarantee that the initial interest rate for each amount allocated or transferred to the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678) will be effective for at least twelve months, and subsequent interest rates will not be changed more often than once every twelve months. The effective annual interest rate will never be less than the Fixed Account Guaranteed Minimum Interest Rate shown in your [Contract](#contract_d475e4aa-3466-45f3-a9f7-e8ef6faa64d0). At our discretion, we may credit interest in excess of the guaranteed interest rate. For the current interest rate, please call our [Service Center](#servicecenter_36cc8c88-cdb6-4514-bf4c-544a49746c58) at 1-800-847-4836. The date of allocation or transfer is the date that interest begins to accrue. Interest is compounded daily. Interest guarantees are subject to Thrivent's claims-paying ability. The amount transferred from the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678) in any [Contract Year](#contractyear_c54fc217-eb0a-42bb-b673-76666762d8d4) may not exceed the greater of $500 or 25% of the [Accumulated Value](#accumulatedvaule_a134ebfd-7e97-45aa-99d0-380ae6d9644b) in the [Fixed Account](#fixedaccount_59b166cf-109f-4034-bcc3-f7763e8d5678) at the time the first transfer is made in that [Contract Year](#contractyear_c54fc217-eb0a-42bb-b673-76666762d8d4).

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| | | |
|:---|:---|:---|
| Name | Term | Minimum Guaranteed<br> Interest Rate<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Account<br> (all states except New York)<br>| Life of the Contract | 0.50% for Contracts issued on or after 10/1/2020 <br> 1.00% for Contracts issued before 10/1/2020<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Account<br> (New York only)<br>| Life of the Contract  | 1.00% |

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<sup>2</sup> Formerly known as Putnam VT Research Portfolio

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![](g107875thriventballard.jpg)

![](g107875nppost.jpg)

This updating summary prospectus incorporates by reference the Thrivent Retirement Choice 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/RetirementChoice.

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 #ICC20 W-BZ-FPVA and state variations

EDGAR Contract No. C000220060 32066SPRU R4-26

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