# EDGAR Filing Document

**Accession Number:** 0001039305
**File Stem:** 0001193125-26-190832
**Filing Date:** 2026-4
**Character Count:** 40287
**Document Hash:** f4d1c8141f00ebc753b10273c5dc9862
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-190832.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001193125-26-190832

**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 LIFE ACCOUNT I
- **CENTRAL INDEX KEY:** 0001039305

**ORGANIZATION NAME:**
- **EIN:** 396666871
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-103454
- **FILM NUMBER:** 26913925

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** THRIVENT VARIABLE LIFE ACCOUNT 1
- **DATE OF NAME CHANGE:** 20020823

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AAL VARIABLE LIFE ACCOUNT I
- **DATE OF NAME CHANGE:** 19970710

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AAL VARIABLE LIFE ACCOUNT 1
- **DATE OF NAME CHANGE:** 19970514

## Series and Classes Contracts Data

### THRIVENT VARIABLE LIFE ACCOUNT I (Series ID: S000002690)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007342 | Series 2003  |  |

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

---

| | |
|:---|:---|
| ![](g63642thrivent2020_logowreg.jpg) | Thrivent Variable Universal Life Insurance |
| ![](g63642thrivent2020_logowreg.jpg) | Thrivent Variable Life Account I |
| ![](g63642thrivent2020_logowreg.jpg) |  |
| ![](g63642thrivent2020_logowreg.jpg) | Updating Summary Prospectus<br> **April 30, 2026** |

---

This updating summary prospectus summarizes key features of a flexible premium individual variable adjustable life insurance contract (the ["Contract"](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b)) previously offered by Thrivent Financial for Lutherans ("Thrivent") between 2004 and 2008.

The prospectus for the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) contains more information about the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b), including its features, benefits, and risks. You can find the current prospectus and other information about the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) online at dfinview.com/Thrivent/VariableLife03. You can also obtain this information at no cost by calling 1-800-847-4836, or by sending an email request to mail@thrivent.com.

Additional general information about certain investment products, including variable life insurance, 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 this** [**Contract**](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) **or passed upon the adequacy of this summary prospectus. Any representation to the contrary is a criminal offense.**

------

Updated Information About Your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b)

The information in this Updating Summary Prospectus is a summary of certain [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) 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_4d7910db-5e4e-493b-8478-988d02b1de6b).

---

| | |
|:---|:---|
| **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. |
| Overview of the Contract | No changes. |
| Fee Table | The Fee Table has been updated with the new range of Portfolio Expenses.  |
| Premiums | No changes. |
| Standard Death Benefit | No changes. |
| Other Benefits | No changes. |
| Surrenders and Withdrawals | No changes. |
| Lapse and Reinstatement | No changes. |
| Availability of Portfolios | No changes. |
| Other Changes | The Appendix has been revised to reflect the updated performance <br> information and the current expenses for the Portfolios.<br>|

---

**2**

------

Important Information You Should Consider About the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **Location in**<br> **Statutory**<br> **Prospectus**<br>|
| &nbsp;&nbsp; Charges for Early <br> Withdrawals<br>| A [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e) (early withdrawal charge) may be assessed upon <br> surrender, lapse or any decrease in the [Face Amount](#faceamount_7b520905-27a6-4f2f-82c1-e2121de20131). A [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e) will <br> be assessed for 10 years after each increase in [Face Amount](#faceamount_7b520905-27a6-4f2f-82c1-e2121de20131). The [Decrease](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e)<br> Charge will vary depending on the number of years since the last increase in <br> [Face Amount](#faceamount_7b520905-27a6-4f2f-82c1-e2121de20131). The maximum amount that may be charged is $49.25 per <br> $1,000 of decrease in [Face Amount](#faceamount_7b520905-27a6-4f2f-82c1-e2121de20131). For example, if you make an early <br> withdrawal, you could pay a [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e) of up to $4,925 on a $100,000 <br> decrease. | A [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e) (early withdrawal charge) may be assessed upon <br> surrender, lapse or any decrease in the [Face Amount](#faceamount_7b520905-27a6-4f2f-82c1-e2121de20131). A [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e) will <br> be assessed for 10 years after each increase in [Face Amount](#faceamount_7b520905-27a6-4f2f-82c1-e2121de20131). The [Decrease](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e)<br> Charge will vary depending on the number of years since the last increase in <br> [Face Amount](#faceamount_7b520905-27a6-4f2f-82c1-e2121de20131). The maximum amount that may be charged is $49.25 per <br> $1,000 of decrease in [Face Amount](#faceamount_7b520905-27a6-4f2f-82c1-e2121de20131). For example, if you make an early <br> withdrawal, you could pay a [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e) of up to $4,925 on a $100,000 <br> decrease. | A [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e) (early withdrawal charge) may be assessed upon <br> surrender, lapse or any decrease in the [Face Amount](#faceamount_7b520905-27a6-4f2f-82c1-e2121de20131). A [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e) will <br> be assessed for 10 years after each increase in [Face Amount](#faceamount_7b520905-27a6-4f2f-82c1-e2121de20131). The [Decrease](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e)<br> Charge will vary depending on the number of years since the last increase in <br> [Face Amount](#faceamount_7b520905-27a6-4f2f-82c1-e2121de20131). The maximum amount that may be charged is $49.25 per <br> $1,000 of decrease in [Face Amount](#faceamount_7b520905-27a6-4f2f-82c1-e2121de20131). For example, if you make an early <br> withdrawal, you could pay a [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e) of up to $4,925 on a $100,000 <br> decrease. | Charges<br> Fee Table<br>|
| &nbsp;&nbsp; Transaction <br> Charges<br>| In addition to [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e)s (early withdrawal charges), you also may be <br> charged for other transactions such as when you pay a premium, transfer <br> accumulated value between investment options, make more than one partial <br> surrender in a [Contract Year](#contractyear_86f7ac50-ceda-4bc4-8971-00a1688ed3b7) or exercise your Accelerated Death Benefit Rider.<br> A premium charge of 5% is deducted upon receipt of most premiums.<br> A transfer charge applies to each transfer in excess of the first twelve transfers <br> made in a [Contract Year](#contractyear_86f7ac50-ceda-4bc4-8971-00a1688ed3b7). The maximum amount deducted is $25 per transfer. <br> You may add an Accelerated Death Benefit Rider to your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) at any time <br> without cost. The rider allows you to receive the present value of the death <br> benefit tax free if eligibility requirements are met, including doctor certification <br> that the [Insured](#insured_361923c4-1c8e-4d21-9d1b-4926804b0372) is terminally ill. A one-time charge of up to $150 will apply if <br> you exercise the benefit. The charge may be lower in some states. State <br> variations may apply.<br> An illustration charge of $25 applies upon each request in excess of one per <br> [Contract Year](#contractyear_86f7ac50-ceda-4bc4-8971-00a1688ed3b7). | In addition to [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e)s (early withdrawal charges), you also may be <br> charged for other transactions such as when you pay a premium, transfer <br> accumulated value between investment options, make more than one partial <br> surrender in a [Contract Year](#contractyear_86f7ac50-ceda-4bc4-8971-00a1688ed3b7) or exercise your Accelerated Death Benefit Rider.<br> A premium charge of 5% is deducted upon receipt of most premiums.<br> A transfer charge applies to each transfer in excess of the first twelve transfers <br> made in a [Contract Year](#contractyear_86f7ac50-ceda-4bc4-8971-00a1688ed3b7). The maximum amount deducted is $25 per transfer. <br> You may add an Accelerated Death Benefit Rider to your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) at any time <br> without cost. The rider allows you to receive the present value of the death <br> benefit tax free if eligibility requirements are met, including doctor certification <br> that the [Insured](#insured_361923c4-1c8e-4d21-9d1b-4926804b0372) is terminally ill. A one-time charge of up to $150 will apply if <br> you exercise the benefit. The charge may be lower in some states. State <br> variations may apply.<br> An illustration charge of $25 applies upon each request in excess of one per <br> [Contract Year](#contractyear_86f7ac50-ceda-4bc4-8971-00a1688ed3b7). | In addition to [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e)s (early withdrawal charges), you also may be <br> charged for other transactions such as when you pay a premium, transfer <br> accumulated value between investment options, make more than one partial <br> surrender in a [Contract Year](#contractyear_86f7ac50-ceda-4bc4-8971-00a1688ed3b7) or exercise your Accelerated Death Benefit Rider.<br> A premium charge of 5% is deducted upon receipt of most premiums.<br> A transfer charge applies to each transfer in excess of the first twelve transfers <br> made in a [Contract Year](#contractyear_86f7ac50-ceda-4bc4-8971-00a1688ed3b7). The maximum amount deducted is $25 per transfer. <br> You may add an Accelerated Death Benefit Rider to your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) at any time <br> without cost. The rider allows you to receive the present value of the death <br> benefit tax free if eligibility requirements are met, including doctor certification <br> that the [Insured](#insured_361923c4-1c8e-4d21-9d1b-4926804b0372) is terminally ill. A one-time charge of up to $150 will apply if <br> you exercise the benefit. The charge may be lower in some states. State <br> variations may apply.<br> An illustration charge of $25 applies upon each request in excess of one per <br> [Contract Year](#contractyear_86f7ac50-ceda-4bc4-8971-00a1688ed3b7). | Charges<br> Fee Table<br>|
| &nbsp;&nbsp; Ongoing Fees and <br> Expenses (annual <br> charges) | In addition to [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e)s (early withdrawal charges) and transaction <br> charges, investment in the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) is subject to certain ongoing fees and <br> expenses (typically assessed monthly), including fees and expenses covering <br> the cost of insurance under the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b), mortality and expense risk charges, <br> basic monthly charges, interest on any [Debt](#debt_6614293d-9538-4878-b9d8-3ef69b53c2a9), and the cost of optional benefits <br> available under the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b). Some of these fees and expenses are set based <br> on characteristics of the [Insured](#insured_361923c4-1c8e-4d21-9d1b-4926804b0372) (e.g. age, sex (in most states), and rating <br> classification). See the specifications page of your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) for rates <br> applicable to your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b).<br> Investors will also bear expenses associated with [Portfolios](#portfolio_84c1fe83-c6d1-4581-859d-fa15a5290ee9) that correspond to <br> [Subaccount](#subaccount_de2258b9-bddb-4a87-94c6-e3c5ad35b27c)s available under the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b), as shown in the following table: | In addition to [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e)s (early withdrawal charges) and transaction <br> charges, investment in the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) is subject to certain ongoing fees and <br> expenses (typically assessed monthly), including fees and expenses covering <br> the cost of insurance under the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b), mortality and expense risk charges, <br> basic monthly charges, interest on any [Debt](#debt_6614293d-9538-4878-b9d8-3ef69b53c2a9), and the cost of optional benefits <br> available under the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b). Some of these fees and expenses are set based <br> on characteristics of the [Insured](#insured_361923c4-1c8e-4d21-9d1b-4926804b0372) (e.g. age, sex (in most states), and rating <br> classification). See the specifications page of your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) for rates <br> applicable to your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b).<br> Investors will also bear expenses associated with [Portfolios](#portfolio_84c1fe83-c6d1-4581-859d-fa15a5290ee9) that correspond to <br> [Subaccount](#subaccount_de2258b9-bddb-4a87-94c6-e3c5ad35b27c)s available under the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b), as shown in the following table: | In addition to [Decrease Charge](#decreasecharge_0e314030-1ec7-4763-b39c-75b5c8568d1e)s (early withdrawal charges) and transaction <br> charges, investment in the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) is subject to certain ongoing fees and <br> expenses (typically assessed monthly), including fees and expenses covering <br> the cost of insurance under the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b), mortality and expense risk charges, <br> basic monthly charges, interest on any [Debt](#debt_6614293d-9538-4878-b9d8-3ef69b53c2a9), and the cost of optional benefits <br> available under the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b). Some of these fees and expenses are set based <br> on characteristics of the [Insured](#insured_361923c4-1c8e-4d21-9d1b-4926804b0372) (e.g. age, sex (in most states), and rating <br> classification). See the specifications page of your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) for rates <br> applicable to your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b).<br> Investors will also bear expenses associated with [Portfolios](#portfolio_84c1fe83-c6d1-4581-859d-fa15a5290ee9) that correspond to <br> [Subaccount](#subaccount_de2258b9-bddb-4a87-94c6-e3c5ad35b27c)s available under the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b), as shown in the following table: | Charges<br> Fee Table<br> [Appendix](#appendix_36b83a38-6315-4bd5-bf06-3c809e1b3aff) |
| &nbsp;&nbsp; Ongoing Fees and <br> Expenses (annual <br> charges) | **Annual Fee** | **Minimum** | **Maximum** | Charges<br> Fee Table<br> [Appendix](#appendix_36b83a38-6315-4bd5-bf06-3c809e1b3aff) |
| &nbsp;&nbsp; Ongoing Fees and <br> Expenses (annual <br> charges) | Annual Portfolio Expenses (deducted <br> from Portfolio assets) <br>| 0.22% | 1.52% | Charges<br> Fee Table<br> [Appendix](#appendix_36b83a38-6315-4bd5-bf06-3c809e1b3aff) |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **RISKS** | **RISKS** | **Location in**<br> **Statutory**<br> **Prospectus**<br>|
| Risk of Loss | You can lose money by investing in this [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b), including loss of your <br> premiums (principal), and your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) can lapse without value.<br> Additionally, [Debt](#debt_6614293d-9538-4878-b9d8-3ef69b53c2a9) will reduce your [Cash Surrender Value](#cashsurrendervalue_8bf1a8b4-5ec3-49bf-b7c3-1cf3626126cc), [Death Proceeds](#deathproceeds_3026900c-8492-4d5c-89dd-390ea5687dc9) and <br> the amount of premiums considered to meet the [Death Benefit Guarantee](#deathbenefitguaranteepremium_e33c3e10-2d7c-4bd0-8c20-13dd6b63e033)<br> Premium requirement. If you surrender the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) or allow it to lapse while a <br> contract loan is outstanding, the amount of [Debt](#debt_6614293d-9538-4878-b9d8-3ef69b53c2a9), to the extent it has not <br> previously been taxed, will be considered part of the amount you receive and <br> taxed accordingly. Loans may have tax consequences. | Principal Risks of <br> Investing in the <br> [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b)<br>|
| &nbsp;&nbsp; Not a Short-Term <br> Investment<br>| This [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) is not designed for short-term investing and is not appropriate <br> for an investor who needs ready access to cash. The primary purpose of this <br> [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) is to provide [Death Proceeds](#deathproceeds_3026900c-8492-4d5c-89dd-390ea5687dc9) in the event of the [Insured's](#insured_361923c4-1c8e-4d21-9d1b-4926804b0372) death. <br> Surrender charges, expenses, and tax consequences generally make the <br> [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) unsuitable as a short-term investment. | Principal Risks of <br> Investing in the <br> [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b)<br>|
| &nbsp;&nbsp; Risk Associated <br> with Investment <br> Options<br>| An investment in this [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) is subject to the risk of poor investment <br> performance of the investment options you choose.<br> Each investment option has its own unique risks.<br> We do not guarantee any money you place in the [Subaccount](#subaccount_de2258b9-bddb-4a87-94c6-e3c5ad35b27c)s. The value of <br> each [Subaccount](#subaccount_de2258b9-bddb-4a87-94c6-e3c5ad35b27c) will increase or decrease, depending on the investment <br> performance of the corresponding [Portfolio](#portfolio_84c1fe83-c6d1-4581-859d-fa15a5290ee9) and fees and charges under the <br> [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b). You could lose some or all of your money.<br> You should review the available [Portfolio](#portfolio_84c1fe83-c6d1-4581-859d-fa15a5290ee9)s' prospectuses before making an <br> investment decision. | Principal Risks of <br> Investing in the <br> [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b)<br>|
| &nbsp;&nbsp; Insurance <br> Company Risks<br>| An investment in the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) is subject to risks related to [Thrivent](#thrivent_d1f2a4c6-3bdc-4486-b146-6b132220ff64), including <br> that any obligations, guarantees, and benefits of the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) are subject to <br> the claims-paying ability and financial strength of [Thrivent](#thrivent_d1f2a4c6-3bdc-4486-b146-6b132220ff64). More information <br> about [Thrivent](#thrivent_d1f2a4c6-3bdc-4486-b146-6b132220ff64), including its financial strength ratings, is available upon <br> request by calling 1-800-847-4836.  | Principal Risks of <br> Investing in the <br> [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b)<br>|
| Contract Lapse | If your monthly deductions exceed your [Cash Surrender Value](#cashsurrendervalue_8bf1a8b4-5ec3-49bf-b7c3-1cf3626126cc), then unless <br> your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) has an active [Death Benefit Guarantee](#deathbenefitguarantee_fedceb73-a19b-45b6-a8c3-7bea91e6d4f5) in effect your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b)<br> will enter a 61-day grace period. We will notify you that your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) will lapse <br> (that is, terminate without value) if you do not send us a sufficient payment by <br> a specified date. No [Death Benefit](#deathbenefit_d1977a43-f21f-451f-bccd-ac44fe54f6f3) will be paid if the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) is lapsed. We will <br> reinstate a [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) only if our requirements for reinstatement are satisfied, <br> which may include requiring new proof of insurability of the [Insured](#insured_361923c4-1c8e-4d21-9d1b-4926804b0372) person. | Lapse and <br> Reinstatement<br>|

---

**4**

------

---

| | | |
|:---|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** | **Location in**<br> **Statutory**<br> **Prospectus**<br>|
| Investments  | We place limits on frequent trading. <br> There is a $25 charge for each transfer when you transfer money between <br> investment options in excess of 12 times a year. <br> Thrivent reserves the right to remove or substitute [Portfolio](#portfolio_84c1fe83-c6d1-4581-859d-fa15a5290ee9) companies as <br> investment options that are available under the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b).<br> We reserve the right to not accept any premiums when the [Death Benefit](#deathbenefit_d1977a43-f21f-451f-bccd-ac44fe54f6f3) is <br> based on the [Table of Factors](#tableoffactors_ad2db462-976f-4cac-a98d-e623ccba21ac) in your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b).<br> We will also have the right to limit or refund a premium payment or make <br> distributions from the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) as necessary to continue to qualify the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b)<br> as life insurance under federal tax law or to avoid the classification of your <br> [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) as a "modified endowment contract" (MEC). | Frequent Trading <br> Among <br> [Subaccounts](#subaccount_de2258b9-bddb-4a87-94c6-e3c5ad35b27c) and <br> Other Transactions<br> Addition, Deletion, <br> Combination or <br> Substitution of <br> Investments<br> Premium Limits<br> Taxes<br>|
| Optional Benefits | Optional benefits may be subject to age and underwriting requirements. We <br> generally deduct any monthly costs for these Additional Benefits from the <br> [Accumulated Value](#accumulatedvalue_57c1481b-a88b-4858-8823-f31313a774d3) as part of the monthly deduction. Optional benefits may <br> not be available for all ages or underwriting classes, may not be available after <br> original issue of the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) and may terminate at certain ages. We may stop <br> offering an optional benefit at any time prior to the time you elect to add it to <br> your Contract. | Other Benefits <br> Available Under <br> the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b)<br>|
| **TAXES** | **TAXES** |  |
| Tax Implications  | You should consult with a tax professional to determine the tax implications of <br> an investment in and payments received under this [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b). <br> Distributions from your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b), if taxable, will be taxed at ordinary income tax <br> rates. <br> Depending on the total amount of premiums you pay and the frequency of <br> such payments, the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) may be treated as a MEC.<br> Distributions including loans and loan interest will be taxed on an "income first" <br> basis and may be subject to a penalty tax if taken before you are age 59 <sup>1</sup>∕2 if <br> your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) is a MEC. <br> The transfer of the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) or designation of a [Beneficiary](#beneficiary_c5865232-07a3-4961-9168-9203b7fc7e00) may have federal, <br> state, and/or local transfer and inheritance tax consequences, including the <br> impositions of gift, estate, and generation skipping transfer taxes. | Taxes |
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** | **Location in**<br> **Statutory**<br> **Prospectus**<br>|
| &nbsp;&nbsp; Investment <br> Professional <br> Compensation <br>| We no longer issue this [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) to new owners. Your financial advisor or <br> professional may receive compensation which may consist of commissions, <br> bonuses, asset-based compensation, and promotional incentives. This conflict <br> of interest may influence your financial advisor or professional to recommend <br> continued or larger future investments into this [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b), or another contract <br> issued by Thrivent, over another investment. | Distribution of the <br> [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b)<br>|
| Exchanges | Some investment professionals may have a financial incentive to offer you a <br> new contract in place of the one you own. You should only exchange your <br> contract if you determine, after comparing the features, fees, and risks of both <br> contracts, that it is better for you to purchase the new contract rather than <br> continue to own your existing contract. | Distribution of the <br> [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b)<br>|

---

**5**

------

Special Terms

---

| | |
|:---|:---|
| **Accumulated Value** | The total value of the Contract. Accumulated Value equals the sum of the Subaccounts, <br> the Fixed Account and the Loan Account.<br>|
| **Additional Benefits** | Benefits provided by riders, if any, attached to the Contract.  |
| **Beneficiary**  | The person(s) named by the Contract Owner to receive the Death Proceeds under the <br> Contract. A Beneficiary need not be a natural person. <br>|
| **Cash Surrender Value** | The Accumulated Value of the Contract less any applicable Decrease Charges and <br> outstanding loan balances and any deferred monthly deductions.<br>|
| **Contract**  | The flexible premium variable life insurance Contract offered by us, (Thrivent) and <br> described in this prospectus. The Contract consists of the Contract, any additional riders <br> or benefits, amendments, endorsements, the application and our Articles of Incorporation <br> and Bylaws.<br>|
| **Contract Anniversary** | The same month and day of each year after issue as in the Date of Issue. |
| **Contract Year**  | The 12-month period following the Date of Issue or a Contract Anniversary. The Contract <br> Year is always based upon the time elapsed since the Date of Issue. <br>|
| **Date of Issue**  | The date when we issue the Contract. This date will be specified in the Contract and <br> may be different from the Contract Date. The Date of Issue is the date as of which we <br> begin to apply deductions from your Accumulated Value. <br>|
| **Death Benefit**  | The amount of the benefit that provides the basis for the Death Proceeds calculation. <br> The Death Benefit on any day depends on the Death Benefit Option in effect on that day.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Death Benefit**<br> **Guarantee**<br>| A Contract provision that guarantees that insurance coverage will not lapse if your Cash <br> Surrender Value is not adequate to cover the current monthly deductions as long <br> as premium requirements are met and the guarantee is in effect.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Death Benefit** <br> **Guarantee Premium**<br>| The minimum monthly premium required to keep the Death Benefit Guarantee(s) in <br> effect. Different combinations of age, sex, risk class, Face Amount, Death <br> Benefit Option and Additional Benefits will result in different Death Benefit Guarantee <br> Premiums.<br>|
| **Death Proceeds**  | The amount paid upon the death of the Insured. |
| **Debt** | All unpaid contract loans plus accrued interest.  |
| **Decrease Charge**  | A Decrease Charge compensates us for expenses associated with underwriting, issuing <br> and distributing the Contract. The charge will apply if you increase the Face Amount and <br> then within 10 years of that increase you decrease the Face Amount or take a partial <br> surrender that results in a decrease in Face Amount. We calculate the amount of the <br> Decrease Charge at the time of the reduction in Face Amount or surrender. The charge <br> is based on the amount of the increase that is being decreased. We do not deduct this <br> amount until the next Monthly Anniversary or upon surrender or lapse, if earlier.<br>|
| **Face Amount**  | The amount of life insurance for which we issued the Contract. The Face Amount of your <br> Contract may change, as described in your Contract.<br>|
| **Fund** | Thrivent Series Fund, Inc., an open-end management investment company, that consists <br> of several Portfolios that underlie Subaccounts of the Variable Account.<br>|
| **Insured**  | The person on whose life the Contract is issued.  |
| **Monthly Anniversary** | The date each month on which we deduct charges from Accumulated Value. These <br> monthly deductions occur once each month on the Valuation Date, on or next following <br> the day of the month which corresponds to the day of the month that we issued the <br> Contract.<br>|
| **Owner** | A person or entity who owns the Contract.  |
| **Portfolio**  | A portfolio of Thrivent Series Fund, Inc. which is the underlying investment of a <br> corresponding Subaccount which you may select for your Contract. <br>|
| **Service Center**  | Our office located at 4321 North Ballard Road, Appleton, Wisconsin 54919-0001 or such <br> other address as we may designate. Telephone: (800) 847-4836. <br> Email: mail@thrivent.com.<br>|
| **Subaccount** | Your available investment options within the Variable Account. Each Subaccount invests <br> exclusively in the shares of a corresponding Portfolio of the Fund. <br>|

---

**6**

------

---

| | |
|:---|:---|
| **Table of Factors**  | The table found in your Contract and used to help qualify your Contract as a life <br> insurance contract under federal tax law.<br>|
| **Valuation Date** | Any day that the New York Stock Exchange is open for regular trading. |
| **Variable Account** | Thrivent Variable Life Account I, which is a separate account of Thrivent. |
| **we, us, our** | Thrivent. |
| **you, your**  | The Owner(s) of the Contract. |

---

**7**

------

Appendix: Portfolios Available Under the Contract

The following is a list of [Portfolios](#portfolio_84c1fe83-c6d1-4581-859d-fa15a5290ee9) that correspond to subaccounts available under the [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b). More information about the [Portfolios](#portfolio_84c1fe83-c6d1-4581-859d-fa15a5290ee9) is available in the prospectuses for the [Portfolios](#portfolio_84c1fe83-c6d1-4581-859d-fa15a5290ee9), which may be amended from time to time and can be found online at dfinview.com/Thrivent/VariableLife03. 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_84c1fe83-c6d1-4581-859d-fa15a5290ee9) but does not reflect the other fees and expenses that your [Contract](#contract_4d7910db-5e4e-493b-8478-988d02b1de6b) may charge. Expenses would be higher and performance would be lower if these charges were included. Each [Portfolio's](#portfolio_84c1fe83-c6d1-4581-859d-fa15a5290ee9) past performance is not necessarily an indication of future performance.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO AND 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 AND ADVISER/SUBADVISER** | **CURRENT** <br>**EXPENSES** | **1 YEAR** | **5 YEAR** | **10 YEAR** |
| &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% |
| 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% |

---

**8**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO AND 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 AND ADVISER/SUBADVISER** | **CURRENT** <br> **EXPENSES** | **1 YEAR** | **5 YEAR** | **10 YEAR** |
| &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.

**9**

------

[This Page Intentionally Left Blank]

------

[This Page Intentionally Left Blank]

------

![](g63642thriventballard.jpg)

![](g63642nppost.jpg)

This updating summary prospectus incorporates by reference the Thrivent flexible premium individual variable adjustable life insurance prospectus and Statement of Additional Information (SAI), both dated April 30, 2026, as amended or supplemented.

The SAI dated April 30, 2026, contains more information about the Contract and Variable Account. The SAI has been filed with the SEC and is incorporated by reference into the prospectus. The SAI is available, without charge, upon request. You can view a copy of the SAI online at dfinview.com/Thrivent/VariableLife03. For a paper copy of the SAI, to request other information about the Contract, and to make other 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 V-VQ-VUL(03) and state variations.

EDGAR Contract No. C000007342 21232SPRU R4-26

------