# EDGAR Filing Document

**Accession Number:** 0001173488
**File Stem:** 0001193125-26-190770
**Filing Date:** 2026-4
**Character Count:** 80455
**Document Hash:** dbaccd724c639858aa7a6ea49fea891f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-190770.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001193125-26-190770

**CONFORMED SUBMISSION TYPE**: 497VPI

**PUBLIC DOCUMENT COUNT**: 3

**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:** 497VPI
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-229611
- **FILM NUMBER:** 26913790

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

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

## Series and Classes Contracts Data

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

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

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

---

| | |
|:---|:---|
| ![](g236795thrivent2020_logowreg.jpg) | Thrivent AdvisorFlex Variable Annuity<sup>TM</sup> <br>|
| ![](g236795thrivent2020_logowreg.jpg) |  |
| ![](g236795thrivent2020_logowreg.jpg) | Thrivent Variable Annuity Account I |
| ![](g236795thrivent2020_logowreg.jpg) |  |
| ![](g236795thrivent2020_logowreg.jpg) | Summary Prospectus for New Investors <br> **April 30, 2026** |

---

This summary prospectus summarizes key features of the Thrivent AdvisorFlex Variable Annuity [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) (the "[Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15)") offered by Thrivent Financial for Lutherans ("Thrivent," "we," "us" or "our"), a fraternal benefit society organized under Wisconsin law. Before you invest, you should review the statutory prospectus for the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15), which contains more information about the features, benefits and risks. You can find this document and other information about the Contract online at dfinview.com/Thrivent/AdvisorFlex. You can also obtain this information in paper at no cost by calling 1-800-847-4836, or by sending an email request to mail@thrivent.com.

The [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) is sold by a broker-dealer through their registered investment advisors. The [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) is intended to be used by investors who have engaged a financial advisor to manage their [Contracts'](#contract_079af36b-fe15-408c-81d2-66b4067add15)[Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) for a fee, which is charged in addition to the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) fees and expenses. If you elect to have the investment advisor fee deducted from the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15), this deduction may reduce the death benefit or the optional death benefit (if elected) and may be subject to federal and state income taxes and a 10% federal tax penalty. Pursuant to guidance provided by the Internal Revenue Service in a series of Private Letter Rulings, we will only permit the automatic deduction of investment advisor fees from the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) to be directly paid to the registered investment advisor, if certain requirements are met. If the requirements are met through you completing our form in good order, we will not treat the deduction of fees as taxable distributions.

This [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) has [Variable Option](#variableoption_b34a4816-bef4-4d38-8838-5c537e06abc7)s and a [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf) option. Additional information about each [Variable Option](#variableoption_b34a4816-bef4-4d38-8838-5c537e06abc7) can be found in the [Appendix](#appendix_47c7b6b6-ad97-47bc-a401-f1a98426a6b1). This [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) is a complex investment and involves risks, including loss of principal. The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in surrender charges, taxes, and tax penalties, as applicable. Thrivent's obligations under the Contract are subject to its financial strength and claims-paying ability.

Your financial advisor may offer other variable annuity with different products features, benefits, and charges. Ask your financial advisor about availability and the details. This prospectus also describes certain optional features, not all of which may be available at the time you are interested in purchasing your [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15); we reserve the right to prospectively restrict availability of certain optional features. We reserve the right to reject any applications, subject to any applicable nondiscrimination laws and to our own standards and guidelines.

--------------------------------------------------------------------------------------------------------------------------------------------

IF YOU ARE A NEW INVESTOR IN THE CONTRACT, YOU MAY CANCEL YOUR CONTRACT <br> WITHIN 10 DAYS OF RECEIVING IT WITHOUT PAYING FEES OR PENALTIES.

In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your total contract value. You should review the statutory prospectus, or consult with your financial professional, for additional information about the specific cancellation terms that apply.

--------------------------------------------------------------------------------------------------------------------------------------------

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_51b13299-2182-408f-9f31-7a62a1071a61_1) | 3 |
| [Overview of the Contract](#xx_1b1b4b5a-525b-4e8f-91d5-9fa9031dddb4_1) | 4 |
| [Important Information You Should Consider About the Contract](#xx_ae9b431d-d72a-446b-8a47-50b1fc0bacb4_1) | 6 |
| [Benefits Available Under the Contract](#xx_ae9b431d-d72a-446b-8a47-50b1fc0bacb4_4) | 9 |
| [Buying the Contract](#xx_efe84aa0-a58e-4396-a29c-dc7fd6690824_1) | 11 |
| [Making Withdrawals: Accessing the Money In Your Contract](#xx_efe84aa0-a58e-4396-a29c-dc7fd6690824_1) | 11 |
| [Additional Information About Fees](#xx_97db33c6-b1d1-42ab-8b6c-b9cb56d0edda_1) | 12 |
| [Appendix: Investment Options Available Under the Contract](#xx_6fbdbe6a-2a78-461c-83f7-af747a12585e_1) | 14 |

---

**2**

------

Special Terms

---

| | |
|:---|:---|
| **Accumulated Value** | The sum of the values for your Contract in [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d)s and the Fixed Account. |
| **Age** | The Annuitant's Issue Age increased by one on each Contract Anniversary. |
| **Annuitant**  | The person(s) named in the Contract whose life is used to determine the duration of <br> annuity payments involving life contingencies.<br>|
| **Annuity Date**  | A date when annuity income payments begin. |
| **Contract**  | The flexible premium deferred variable annuity contract offered by Thrivent Financial and <br> described in this prospectus. <br>|
| **Contract Anniversary** | The same date in each succeeding year as the Date of Issue. |
| **Contract Owner**  | The person who controls all the rights under the Contract while the Annuitant is alive. The <br> Annuitant is the Contract Owner, unless another owner is named in the Contract <br> application or the Contract is assigned to another person.<br>|
| **Contract Year**  | The period from one Contract Anniversary to the next. The first Contract Year will be the <br> period beginning on the Date of Issue and ending on the first Contract Anniversary. <br>|
| **Date of Issue**  | The date on which the application is signed.  |
| **Fixed Account**  | An investment allocation option that credits an interest rate. The Fixed Account is part of <br> our General Account. The Fixed Account is not a [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d). For the current interest <br> rate, please call our Service Center at 1-800-847-4836.<br>|
| **General Account** | The General Account is the general account of Thrivent Financial, which consists of all <br> assets of Thrivent Financial other than those allocated to a Separate Account. Insurance <br> benefits are paid from the General Account and are subject to Thrivent's claims-paying <br> ability.<br>|
| **Investment Option** | A Variable Option or the Fixed Account available in this Contract. |
| **Issue Age**  | The age of the Annuitant on his or her birthday nearest the Date of Issue. |
| **Notice** | A request signed by you or provided in another manner acceptable to us and received in <br> good order by us at our Service Center.<br>|
| **Portfolio**  | Each [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d) invests exclusively in the shares of a corresponding Portfolio of the <br> Fund.<br>|
| **Qualified Plan**  | A retirement plan that receives favorable tax treatment under Section 408, 408A or similar <br> provisions of the Internal Revenue Code. <br>|
| **Service Center** | Thrivent Financial for Lutherans, 4321 North Ballard Road, Appleton, Wisconsin <br> 54919-0001, telephone, 1-800-847-4836, or such other office as we may specify in a <br> notice to the Contract Owner. <br>|
| **Settlement Option** | You may elect to convert all or some of your Accumulated Value into guaranteed annuity <br> payments from us. A death benefit, if any, would then depend on the option selected.<br>|
| **Subaccount**  | A subdivision of the Variable Account. Each Subaccount invests exclusively in the shares <br> of a corresponding Portfolio.<br>|
| **Surrender Charge**  | A charge that applies to withdrawals that have not met the waiting period. Each premium <br> payment has its own 3-year Surrender Charge period. <br>|
| **Variable Account** | Thrivent Variable Annuity Account I, which is a Separate Account of Thrivent. |
| **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_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d).<br>|

---

**3**

------

Overview of the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15)

**What is the** [**Contract**](#contract_079af36b-fe15-408c-81d2-66b4067add15)**, and what is it designed to do?** <br>The [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) is an individual flexible premium deferred variable annuity contract intended to help you accumulate assets for retirement or other long-term goals, through an investment in one or more [Portfolios](#portfolios_7002f13a-2e1c-4f65-939f-a02e53378397) and the [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf).

When you are ready to take money out of the annuity, the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) offers withdrawals on an ad hoc or systematic basis. Annuities also provide you the option of electing from several types of annuity payments (settlement options), that can be guaranteed for a set timeframe or for your lifetime.

**For whom is the** [**Contract**](#contract_079af36b-fe15-408c-81d2-66b4067add15) **appropriate?** <br>The [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) may be appropriate if you have a long-term investment horizon and desire ongoing investment advice for an additional fee. It is not appropriate for people who may need to make early or frequent withdrawals or who intend to engage in frequent trading. If you elect to have the advisory fee deducted from the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15), this deduction may reduce the death benefit or the optional death benefit (if elected) and may be subject to federal and state income taxes and a 10% federal penalty tax. See *Charges-Investment Advisor Fees* for more information.

**What are the phases of the** [**Contract?**](#contract_079af36b-fe15-408c-81d2-66b4067add15) <br>The [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) has two phases, the accumulation phase and the income phase.

During the accumulation phase, you may make premium payments and transfer [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) between the various investment options and the [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf), subject to some limitations. Additional information about the available investment options can be found in the [Appendix](#appendix_47c7b6b6-ad97-47bc-a401-f1a98426a6b1) at the end of this document.

The income phase begins when we begin to make payments to you. If you elect to annuitize, you may have all or part of your [Contract's](#contract_079af36b-fe15-408c-81d2-66b4067add15)[Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) converted into guaranteed annuity payments (a settlement option). Once you move to a settlement option, you may or may not have a death benefit or be able to take additional withdrawals, depending on the settlement option you choose.

**What are the** [**Contract's**](#contract_079af36b-fe15-408c-81d2-66b4067add15) **primary features?** 

**Investment Options:** The [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) provides the opportunity for tax-deferred growth by allocating the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3)to a variety of investment options and the Fixed Account. For the current interest rate, please call our Service Center at 1-800-847-4836.

**Tax Treatment:** The premium payments you put into the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) have the potential to accumulate on a tax-deferred basis. This means earnings are not taxed until money is paid out of the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15).

**Dollar Cost Averaging:** You may choose one of two different dollar cost averaging programs that allow you to have automatic periodic transfers made to one or more of the variable investment options. Either dollar cost averaging program allows such investments to be made in installments over time.

**Asset Rebalancing:** You may choose the Asset Rebalancing program, which transfers your [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) among variable [Portfolios](#portfolios_7002f13a-2e1c-4f65-939f-a02e53378397) on a regular basis according to your instructions. This can help you select a specific asset allocation and maintain it over time.

**Death Benefits:** The [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) offers a standard death benefit during the accumulation phase for your beneficiaries. There is also an optional death benefit rider, which you may add for an additional charge, that may increase the death benefit.

**Settlement Options:** You may elect to convert all or some of your [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) into guaranteed annuity payments from us. A death benefit, if any, would then depend on the option selected.

**4**

------

**What is the Member Dispute Resolution Program (MDRP)?**

The MDRP provisions in Thrivent's Articles of Incorporation and Bylaws apply to you as a member of Thrivent, including with respect to the purchase of the variable annuity described in this Prospectus. That means any claims regarding the variable annuity must be pursued exclusively through the MDRP, to the extent permitted by applicable law, and therefore neither Thrivent, nor its members, insureds, certificate owners, or beneficiaries, can pursue such claims against one another in other forums, such as state or federal court, even if they might later believe those forums are preferable. Claims submitted through MDRP that go to arbitration will be decided by an arbitrator, as opposed to being decided in court by a judge or jury. See *General Description of the Registrant, Depositor and Portfolios.*

**5**

------

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_079af36b-fe15-408c-81d2-66b4067add15) within 3 years of your last <br> premium payment, you may be assessed a [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07). The maximum <br> [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07) is 2% during the first year after a premium payment and is <br> 1% in years two and three. If you make an early withdrawal, you could pay a <br> [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07) of up to $2,000 on a $100,000 investment. <br> You may surrender a free amount each [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). In the first [Contract](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090)<br> Year, the amount is 10% of the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) existing at the time the <br> first surrender is made in that [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). In subsequent years, the amount <br> is 10% of the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) existing at the start of that [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). | **Yes.** If you withdraw money from the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) within 3 years of your last <br> premium payment, you may be assessed a [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07). The maximum <br> [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07) is 2% during the first year after a premium payment and is <br> 1% in years two and three. If you make an early withdrawal, you could pay a <br> [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07) of up to $2,000 on a $100,000 investment. <br> You may surrender a free amount each [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). In the first [Contract](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090)<br> Year, the amount is 10% of the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) existing at the time the <br> first surrender is made in that [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). In subsequent years, the amount <br> is 10% of the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) existing at the start of that [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). | **Yes.** If you withdraw money from the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) within 3 years of your last <br> premium payment, you may be assessed a [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07). The maximum <br> [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07) is 2% during the first year after a premium payment and is <br> 1% in years two and three. If you make an early withdrawal, you could pay a <br> [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07) of up to $2,000 on a $100,000 investment. <br> You may surrender a free amount each [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). In the first [Contract](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090)<br> Year, the amount is 10% of the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) existing at the time the <br> first surrender is made in that [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). In subsequent years, the amount <br> is 10% of the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) existing at the start of that [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). | Fee Table |
| &nbsp;&nbsp; Are There <br> Transaction <br> Charges?<br>| **Yes.** In addition to [Surrender Charges](#charge_9c303401-c361-4850-a9da-489496e44e07), there may also be charges for other <br> transactions.<br> You may make 24 free [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d) transfers in each [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). On <br> subsequent [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d) transfers (other than the Dollar Cost Averaging and <br> Automatic Asset Rebalancing Programs), you will incur a $25 transfer charge.<br> You will also pay a charge if you request a wire transfer of funds from your <br> [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) 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_9c303401-c361-4850-a9da-489496e44e07), there may also be charges for other <br> transactions.<br> You may make 24 free [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d) transfers in each [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). On <br> subsequent [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d) transfers (other than the Dollar Cost Averaging and <br> Automatic Asset Rebalancing Programs), you will incur a $25 transfer charge.<br> You will also pay a charge if you request a wire transfer of funds from your <br> [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) 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_9c303401-c361-4850-a9da-489496e44e07), there may also be charges for other <br> transactions.<br> You may make 24 free [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d) transfers in each [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). On <br> subsequent [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d) transfers (other than the Dollar Cost Averaging and <br> Automatic Asset Rebalancing Programs), you will incur a $25 transfer charge.<br> You will also pay a charge if you request a wire transfer of funds from your <br> [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) to another financial institution. That financial institution may also <br> charge a fee to receive a wire. You will also pay a charge if you request to <br> have a check sent to you using an overnight mail service. | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Yes.** The table below describes the fees and expenses that you may pay <br> *each year*, depending on the investment options you choose. Please refer to <br> your [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) specifications page for information about the specific fees you <br> will pay each year based on the options you have elected. The fees and <br> expenses do not reflect any investment advisor fees paid from the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) or <br> from other assets of the [Contract Owner.](#contractowner_6cf14d6c-4360-41ed-83fc-8f527dd788a7) If the investment advisor fees were <br> reflected, the fees and expenses would be higher. | **Yes.** The table below describes the fees and expenses that you may pay <br> *each year*, depending on the investment options you choose. Please refer to <br> your [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) specifications page for information about the specific fees you <br> will pay each year based on the options you have elected. The fees and <br> expenses do not reflect any investment advisor fees paid from the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) or <br> from other assets of the [Contract Owner.](#contractowner_6cf14d6c-4360-41ed-83fc-8f527dd788a7) If the investment advisor fees were <br> reflected, the fees and expenses would be higher. | **Yes.** The table below describes the fees and expenses that you may pay <br> *each year*, depending on the investment options you choose. Please refer to <br> your [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) specifications page for information about the specific fees you <br> will pay each year based on the options you have elected. The fees and <br> expenses do not reflect any investment advisor fees paid from the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) or <br> from other assets of the [Contract Owner.](#contractowner_6cf14d6c-4360-41ed-83fc-8f527dd788a7) If the investment advisor fees were <br> reflected, the fees and expenses would be higher. | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Annual Fee** | **Minimum** | **Maximum** | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Base Contract (as a percentage of <br> daily net assets of each [Portfolio](#portfolio_06844124-e293-4c37-953e-06f68b113c2f))<br>| 0% | 0.50% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | [Portfolio](#portfolio_06844124-e293-4c37-953e-06f68b113c2f) Company fees and <br> expenses (With Fund Facilitation Fee <br> added. Expenses that you pay as a <br> percentage of your investment. <br> Expenses may be higher or lower in <br> future years. More detail is contained <br> in the prospectus for each [Portfolio](#portfolio_06844124-e293-4c37-953e-06f68b113c2f))<br>| 0.22% | 2.675% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Fund Facilitation Fees** | **Minimum** | **Maximum** | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | These fees may be charged to make <br> certain external [Portfolios](#portfolio_06844124-e293-4c37-953e-06f68b113c2f) available <br> as investment options under the <br> [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) (as a percentage of daily <br> net assets in the specified [Portfolios](#portfolio_06844124-e293-4c37-953e-06f68b113c2f))<br>| 0% | 0.40% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Optional benefit available for an** <br> **additional charge (if elected)**<br>| **Minimum** | **Maximum** | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Maximum Anniversary Death Benefit <br> (MADB) Rider Charge (as a <br> percentage of the MADB value)<br>| 0% | 0.40% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Because your [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15), <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_079af36b-fe15-408c-81d2-66b4067add15), **which could add** [**Surrender Charges**](#charge_9c303401-c361-4850-a9da-489496e44e07)**that** <br> **substantially increase costs.** | Because your [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15), <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_079af36b-fe15-408c-81d2-66b4067add15), **which could add** [**Surrender Charges**](#charge_9c303401-c361-4850-a9da-489496e44e07)**that** <br> **substantially increase costs.** | Because your [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15), <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_079af36b-fe15-408c-81d2-66b4067add15), **which could add** [**Surrender Charges**](#charge_9c303401-c361-4850-a9da-489496e44e07)**that** <br> **substantially increase costs.** | Fee Table |

---

**6**

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Lowest Annual Cost: $634** | **Highest Annual Cost: $3,255** |  |
|  | Assumes: | Assumes: |  |
|  | Investment of $100,000 | Investment of $100,000 |  |
|  | 5% annual appreciation  | 5% annual appreciation  |  |
|  | Least expensive [Portfolio](#portfolio_06844124-e293-4c37-953e-06f68b113c2f) fees | Most expensive combination of <br> optional benefits, [Portfolio](#portfolio_06844124-e293-4c37-953e-06f68b113c2f) fees and <br> expenses including a 0.35% fund <br> facilitation fee.  |  |
|  | No optional benefits  | Maximum Anniversary Death Benefit <br> (MADB) Rider 0.20% |  |
|  | No sales charges or investment <br> advisor fees. Investment advisor fees <br> are in addition to the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15)<br> charges illustrated here. <br>| No sales charges or investment <br> advisor fees. Investment advisor fees <br> are in addition to the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) charges <br> illustrated here. |  |
|  | No additional premium payments, <br> transfers or withdrawals <br>| No additional premium payments, <br> transfers or withdrawals |  |
| **RISKS** | **RISKS** | **RISKS** | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; Is There a Risk of <br> Loss from Poor <br> Performance?<br>| **Yes.** You can lose money investing in the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15). | **Yes.** You can lose money investing in the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15). | Principal Risks of <br> Investing in the <br> Contract<br>|
| &nbsp;&nbsp; Is This a <br> Short-Term <br> Investment?<br>| **No.** The [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) is not a short-term investment and is not appropriate for you <br> if you need ready access to cash. Each premium payment has a separate <br> 3-year [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07) that may decrease the surrender value.<br> Amounts withdrawn from the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) may result in surrender charges, taxes, <br> and tax penalties. | **No.** The [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) is not a short-term investment and is not appropriate for you <br> if you need ready access to cash. Each premium payment has a separate <br> 3-year [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07) that may decrease the surrender value.<br> Amounts withdrawn from the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) may result in surrender charges, taxes, <br> and tax penalties. | Principal Risks of <br> Investing in the <br> Contract<br>|
| &nbsp;&nbsp; What Are the Risks <br> Associated with the <br> Investment <br> Options?<br>| An investment in the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) is subject to the risk of poor investment <br> performance and can vary depending on the performance of the [Investment](#investmentoption_e1cb3b87-ae3f-442b-9081-0e46231ae4b4)<br> Options available under the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15). Each [Investment Option](#investmentoption_e1cb3b87-ae3f-442b-9081-0e46231ae4b4) (including the <br> [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf)) 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_079af36b-fe15-408c-81d2-66b4067add15) is subject to the risk of poor investment <br> performance and can vary depending on the performance of the [Investment](#investmentoption_e1cb3b87-ae3f-442b-9081-0e46231ae4b4)<br> Options available under the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15). Each [Investment Option](#investmentoption_e1cb3b87-ae3f-442b-9081-0e46231ae4b4) (including the <br> [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf)) will have its own unique risks, and you should review these <br> investment options before making an investment decision. | Principal Risks of <br> Investing in the <br> Contract<br>|
| &nbsp;&nbsp; What are the Risks <br> Related to the <br> Insurance <br> Company? <br>| An investment in the Contract is subject to the risks related to Thrivent. Any <br> obligations (including those under the Fixed Account), guarantees or benefits <br> are subject to the claims-paying ability of Thrivent. More information about <br> Thrivent, including its financial strength ratings are available upon request <br> bycalling 1-800-847-4836 or by sending an email to mail@thrivent.com. | An investment in the Contract is subject to the risks related to Thrivent. Any <br> obligations (including those under the Fixed Account), guarantees or benefits <br> are subject to the claims-paying ability of Thrivent. More information about <br> Thrivent, including its financial strength ratings are available upon request <br> bycalling 1-800-847-4836 or by sending an email to mail@thrivent.com. | Principal Risks of <br> Investing in the <br> Contract<br>|
| **RESTRICTIONS** | **RESTRICTIONS** | **RESTRICTIONS** | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; Are There Limits <br> on the Investment <br> Options? <br>| **Yes.** We reserve the right to add, delete, combine or substitute investment <br> options.<br> The total amount transferred from a [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d) or the [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf) must <br> be at least $200. However, if the total value in a [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d) or the [Fixed](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf)<br> Account is less than $200, the entire amount may be transferred.<br> The amount transferred from the [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf) in any [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090) may not <br> exceed the greater of $10,000 or 50% of the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) in the [Fixed](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf)<br> Account, excluding any [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) in the DCA Fixed Account, at the <br> time the first transfer is made in that [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). | **Yes.** We reserve the right to add, delete, combine or substitute investment <br> options.<br> The total amount transferred from a [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d) or the [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf) must <br> be at least $200. However, if the total value in a [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d) or the [Fixed](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf)<br> Account is less than $200, the entire amount may be transferred.<br> The amount transferred from the [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf) in any [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090) may not <br> exceed the greater of $10,000 or 50% of the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) in the [Fixed](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf)<br> Account, excluding any [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) in the DCA Fixed Account, at the <br> time the first transfer is made in that [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090). | Purchases and <br> Contract Value – <br> [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf)<br>|

---

**7**

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; Are There Any <br> Restrictions on <br> Contract Benefits? <br>| **Yes.** You may only select the Maximum Anniversary Death Benefit (MADB) <br> Rider at the time of [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) application for an additional charge. <br> The MADB is decreased by the same proportion as the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3)<br> was decreased by a partial surrender. This may reduce the rider value by an <br> amount greater than the value withdrawn or could terminate the benefit.<br> Premium amounts of $1 million or greater will require prior approval, and we <br> reserve the right to limit the total amount of all premiums paid on the Contract <br> to $1 million<br> If you elect to pay the investment advisor fee from the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) of <br> the [Contract,](#contract_079af36b-fe15-408c-81d2-66b4067add15) this deduction will reduce the value of the death benefit and <br> optional death benefit (if elected), and may be subject to federal and state <br> income taxes and a 10% federal penalty tax. See *Charges – Investment* <br> *Advisor Fees* in the statutory prospectus for additional information. | Benefits Available <br> Under the Contract<br>|
| **TAXES** | **TAXES** | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; Taxes – What are <br> the Contract's Tax <br> Implications?<br>| You should consult with a tax professional to determine the tax implications of <br> an investment in and withdrawals or benefits received under the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15). <br> There is no additional tax benefit if the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) is purchased through a <br> tax-qualified plan or individual retirement account (IRA). Withdrawals may be <br> subject to ordinary income tax and may be subject to a 10% federal tax <br> penalty, if under age 59 <sup>1</sup>∕2 and no exception applies. | Taxes |
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; How are <br> Investment <br> Professionals <br> Compensated? <br>| Financial advisors receive compensation for selling the [Contracts](#contract_079af36b-fe15-408c-81d2-66b4067add15). Pursuant to <br> guidance provided by the Internal Revenue Service in a series of Private <br> Letter Rulings, we will only permit the automatic deduction of investment <br> advisor fees from the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) to be directly paid to the registered investment <br> advisor, if certain requirements are met. If the requirements are met through <br> you completing our form in good order, we will not treat the deduction of fees <br> as taxable distributions. <br> Financial advisors may have a financial incentive to offer or recommend the <br> [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) over another investment. | Distribution of the <br> Contracts<br>|
| &nbsp;&nbsp; Should I Exchange <br> My Contract? <br>| Financial advisors may have a financial incentive to offer you a new contract <br> in place of the one you already own. You should only exchange your contract <br> if you determine, after comparing the features, fees, and risks of both <br> contracts, and any fees or penalties to terminate the existing contract, that it <br> is preferable for you to purchase the new [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) rather than continue to <br> own the existing contract.  | Taxes – <br> Exchanges of <br> Annuity <br> Contracts<br>|

---

**8**

------

Benefits Available Under the Contract

The following tables summarize information about the benefits under the Contract.

**Death Benefits** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Is Benefit**<br> **Standard or**<br> **Optional**<br>| **Maximum Fee** | **Current Fee** | **Brief Description**<br> **of Restrictions**<br> **and Limitations**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard<br> Death Benefit<br>| A Standard Death <br> Benefit is payable <br> if an Annuitant <br> dies before the <br> Annuity Date. It is <br> equal to the <br> greater of the <br> Accumulated <br> Value or the <br> premiums <br> adjusted for <br> withdrawals. <br> Withdrawals <br> decrease the <br> Standard Death <br> Benefit by the <br> same proportion <br> as the <br> Accumulated <br> Value was <br> decreased by the <br> amount taken.<br>| Standard | No<br> additional<br> charge<br>| No<br> additional<br> charge<br>| &nbsp;&nbsp;&nbsp;&nbsp; ♦ Withdrawals, <br> including <br> investment advisor <br> fees (if elected), <br> reduce the benefit <br> by the same <br> proportion as they <br> reduce the <br> [Accumulated](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3)<br> Value.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum Anniversary<br> Death Benefit <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(MADB) Rider<br>| The MADB Rider <br> provides for a <br> death benefit <br> calculation that <br> takes into <br> account the <br> highest <br> Accumulated <br> Value on any <br> Contract <br> Anniversary up to <br> Contract Age 85, <br> adjusted for any <br> premiums or <br> withdrawals <br> made after the <br> anniversary.<br>| Optional | 0.40%<sup>1</sup> <br>(as a percentage <br> of MADB)<br>| 0.20%<sup>1</sup> <br>(as a percentage <br> of MADB)<br>| &nbsp;&nbsp;&nbsp;&nbsp; ♦ Only available at <br> issue if no more<br> than Issue Age <br> nearest 75.<br> ♦ Benefit terminates <br> upon annuitization.<br> ♦ Withdrawals, <br> including <br> investment advisor <br> fees (if elected), <br> reduce the benefit <br> by the same <br> proportion as they <br> reduce the <br> [Accumulated](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3)<br> Value.<br>|

---

<sup>1</sup>See *Charges-MADB Rider Charge* in the statutory prospectus for more information.

**9**

------

**Other Benefits** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Is Benefit**<br> **Standard or**<br> **Optional**<br>| **Maximum Fee**  | **Current Fee** | **Brief Description**<br> **of Restrictions**<br> **and Limitations** <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Income <br> Payments<br>| Allows the [Owner](#owner_9ae4bddb-3528-42fd-ae74-e352af4f37a3) to elect <br> an annuity payout option <br> specified in the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15).<br>| Standard |  |  | &nbsp;&nbsp;&nbsp;&nbsp; ♦ Depending on the <br> option(s) selected, <br> you may not be <br> able to request <br> surrenders.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Automatic Asset <br> Rebalancing<br>| Asset Rebalancing allows <br> you to elect a specific <br> asset allocation to <br> maintain over time.<br>| Standard |  |  | &nbsp;&nbsp;&nbsp;&nbsp; ♦ You may not <br> include the [Fixed](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf)<br> Account.<br>|
| Dollar Cost Averaging | Dollar Cost Averaging <br> allows you to have <br> automatic periodic <br> transfers to one or more <br> [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d)s other than <br> the [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf).<br>| Standard |  |  | &nbsp;&nbsp;&nbsp;&nbsp; ♦ You may not Dollar <br> Cost Average into <br> the [Fixed Account.](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Systematic Partial <br> Surrenders<br>| Allows for ongoing <br> withdrawals from your <br> investment options during <br> the Accumulation Phase.<br>| Standard |  |  | &nbsp;&nbsp;&nbsp;&nbsp; ♦ Surrender Charges <br> may apply to <br> amounts in excess <br> of the free amount.<br> Taxes or penalties <br> may apply.<br>|
| 10% Free Surrender | 10% of the [Accumulated](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3)<br> Value existing at the time <br> the first surrender is made <br> in a [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090).<br>| Standard |  |  | &nbsp;&nbsp;&nbsp;&nbsp; ♦ 10% free amount is <br> not cumulative.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Confinement of the <br> Annuitant or the <br> Annuitant's Spouse in <br> a Hospital, Nursing <br> Home, or Hospice<br>| Surrender Charges are <br> waived during or within 90 <br> days after the end of <br> confinement of the <br> Annuitant or the <br> Annuitant's Spouse.<br>| Standard |  |  | &nbsp;&nbsp;&nbsp;&nbsp; ♦ Confinement must <br> begin after the <br> [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) has been <br> issued and must <br> continue at least 30 <br> days.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminal Illness of the <br> Annuitant or <br> Annuitant's Spouse<br>| Surrender Charges are <br> waived if the Annuitant or <br> the Annuitant's Spouse <br> has a life expectancy of <br> 12 months or less.<br>| Standard |  |  | &nbsp;&nbsp;&nbsp;&nbsp; ♦ Certification from a <br> licensed physician <br> acting within the <br> scope of his or her <br> license will be <br> required.<br>|

---

**10**

------

Buying the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15)

**How do I buy the** [**Contract**](#contract_079af36b-fe15-408c-81d2-66b4067add15)**?** <br>In order to purchase a [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15), you must submit an application to us through a financial advisor. We only offer the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) to a Thrivent member or to a person eligible for Thrivent membership who is also applying for membership.

**What are the requirements to buy a** [**Contract**](#contract_079af36b-fe15-408c-81d2-66b4067add15)**?** <br>The minimum acceptable initial premium is $100,000. We may, at our discretion, waive this initial premium requirement. You may pay additional premiums under the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15), but we may choose not to accept any additional premium less than $50. We also reserve the right to limit all premiums paid on the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) to a total of $1 million.

We will allocate your initial premium among the Subaccount(s) and/or the Fixed Account according to your application. Any amount of your initial premium which you allocate to a Subaccount will be credited to your Contract with a number of Accumulation Units of that Subaccount based on the Subaccount's Accumulation Unit Value at the end of that Valuation Period. Subsequent allocations to a Subaccount will be credited with a number of Accumulation Units of that Subaccount based on the Subaccount's Accumulation Unit Value at the end of the Valuation Period when the allocation is made. Absent further instructions, subsequent premiums will be allocated according to your application. You may change the allocation percentages for future premiums without charge and at any time by giving us Notice. Unless specifically designated otherwise, any change will apply to all future premiums unless you request another change.

Making Withdrawals: Accessing the Money In Your Contract

**What should I know about surrenders and withdrawals?** <br>If you request a surrender on or before the [Annuity Date](#annuitydate_8e91f1ff-6fcf-4402-8072-7ae16f9456b0), we will pay to you all or part of the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) of a Contract after deducting any applicable surrender charge or tax withholding. Partial surrenders must be for at least $200 and must not reduce the remaining [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) in the Contract to less than $10,000. Under certain circumstances the Contract Owner may make surrenders after the Annuity Date.

**When will you process my request?** <br>Your request will be processed when we receive it at our [Service Center](#servicecenter_3db75390-e661-4c8c-8324-31dcd56dc983) in good order. If we receive your surrender request before the close of regular trading on the New York Stock Exchange, usually 4:00 p.m. Eastern Time, it will receive that day's valuation. Your request will be processed at the end of the Valuation Period during which the requirements are completed. We will pay you the proceeds within seven days after your request is received in good order.

**What are the negative impacts of a withdrawal on other benefits and guarantees of your Contract?** <br>Partial withdrawals reduce the amount of the death benefit payable to your designated beneficiaries during the accumulation phase. If you have the optional death benefit (MADB Rider), withdrawals decrease the MADB benefit by the same proportion as the Accumulated Value is decreased by the withdrawal. This may reduce the MADB benefit by an amount greater than the value withdrawn or could terminate the benefit.

**Are there tax consequences if I take a surrender or withdrawal?** <br>You should consult with a tax professional to determine the tax implications of an investment in or a surrender or withdrawal from the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15). There is no additional tax benefit if the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) is purchased through an IRA. The taxable portion of withdrawals will be subject to ordinary income tax and may be subject to a 10% federal tax penalty if under age 59 <sup>1</sup>∕2 and an exception does not apply.

**11**

------

Additional Information About Fees

**The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering or making withdrawals from an** [**Investment Option**](#investmentoption_e1cb3b87-ae3f-442b-9081-0e46231ae4b4) **or from the** [**Contract**](#contract_079af36b-fe15-408c-81d2-66b4067add15)**. Please refer to your** [**Contract**](#contract_079af36b-fe15-408c-81d2-66b4067add15) **specifications page for information about the specific fees you will pay each year based on the options you have elected.**

**The first table describes the fees and expenses that you will pay at the time that you buy the** [**Contract**](#contract_079af36b-fe15-408c-81d2-66b4067add15)**, surrender or make withdrawals from an** [**Investment Option**](#investmentoption_e1cb3b87-ae3f-442b-9081-0e46231ae4b4) **or from the** [**Contract**](#contract_079af36b-fe15-408c-81d2-66b4067add15)**, or transfer** [**Accumulated Value**](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) **between** [**Investment Option**](#investmentoption_e1cb3b87-ae3f-442b-9081-0e46231ae4b4)**s. The fees and expenses do not reflect any payment of investment advisor fees. If the investment advisor fees were included, the fees and expenses would be higher. State premium taxes do not apply.** 

---

| | |
|:---|:---|
| **Transaction Expenses**  | **Transaction Expenses**  |
| Sales Load Imposed on Purchases (as a percentage of purchase payments)  | 0% |
| Surrender Charge (as a percentage of amount surrendered)<sup>1</sup> <br>| 2% |
| Transfer Charge<sup>2</sup> <br>| $25 |

---

<sup>1</sup>In the first Contract Year, you may surrender without a [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07) up to 10% of the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) existing at the time the first surrender is made in the Contract Year. For subsequent Contract Years, the 10% free amount is based on the prior [contract](#contractanniversary_a578464d-86a1-4ac8-904e-5500bc53553b)anniversary value. Only the amount in excess of that amount (the "Excess Amount") will be subject to a [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07). A [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07) is deducted if a full or partial surrender occurs during the first three years after each premium payment has been allocated. The [Surrender Charge](#charge_9c303401-c361-4850-a9da-489496e44e07) is 2% during the first Contract Year and 1% for the second and third Contract Years.

<sup>2</sup>You are allowed 24 free transfers per Contract Year. Subsequent transfers will incur a $25 transfer charge. Be advised additional transfers may be subject to our frequent trading policies.

**The next table describes the fees and expenses that you will pay *each year* during the time that you own the** [**Contract**](#contract_079af36b-fe15-408c-81d2-66b4067add15) **(not including Portfolio Company fees and expenses).**

**If you choose to purchase the optional benefit, you will pay additional charges, as shown below.** 

You may only add the optional benefit at the time of application.

---

| | | |
|:---|:---|:---|
| **Annual Contract Expenses** | **Maximum** | **Current** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Base Contract Expenses (as a percentage of the daily [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) in each <br> [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d))<br>| 0.50% | 0.40% |
| **Optional Benefit Expenses** |  |  |
| Maximum Anniversary Death Benefit (MADB) Rider Charge (as a percentage of MADB)<sup>3</sup> <br>| 0.40% | 0.20% |

---

<sup>3</sup>See [*Charges-Maximum Anniversary Death Benefit (MADB) Rider Charge*](#madbrider_7a42e8d2-32f9-4b8a-8f9b-821dbced6d30).

**Different fees and charges may apply after the** [**Contract**](#contract_079af36b-fe15-408c-81d2-66b4067add15) **has been annuitized.** 

---

| | |
|:---|:---|
| [**Charges after the Annuity Date**](#annuitydate_8e91f1ff-6fcf-4402-8072-7ae16f9456b0) | [**Charges after the Annuity Date**](#annuitydate_8e91f1ff-6fcf-4402-8072-7ae16f9456b0) |
| Commuted Value Charge (for [Settlement Option](#settlementoption_e098a533-f0eb-4104-b846-f9896f4ab5f6)s that can be surrendered) | 0.25% |

---

As a fraternal benefit society, Thrivent is also required to have a Maintenance of Solvency provision. For a complete discussion of the Maintenance of Solvency provision, see *Maintenance of Solvency* in the statutory prospectus.

**12**

------

**The next item shows the minimum and maximum total operating expenses charged by the** [**Portfolio**](#portfolio_06844124-e293-4c37-953e-06f68b113c2f) **Companies that you may pay periodically during the time that you own the Contract. Expenses shown may change over time and may be higher or lower in the future. These amounts also include applicable fund facilitation fees if you choose to invest in certain** [**Portfolio**](#portfolio_06844124-e293-4c37-953e-06f68b113c2f) **Companies. A complete list of the** [**Portfolio**](#portfolio_06844124-e293-4c37-953e-06f68b113c2f) **Companies available under the Contract, including their annual expenses, may be found at the back of this document in the** [**Appendix**](#appendix_47c7b6b6-ad97-47bc-a401-f1a98426a6b1)**.** 

---

| | | |
|:---|:---|:---|
| **Annual Portfolio Company Expenses**  | **Minimum** | **Maximum** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expenses that are deducted from Portfolio Company assets, including management fees, <br> distribution and/or service (12b-1) fees, and other expenses<br>| 0.22% | 2.675% |
| Expenses after reimbursements and/or fee waivers | 0.22% | 2.675%<sup>4</sup> <br>|

---

<sup>4</sup>The "Expenses after reimbursements and/or fee waivers" line in the above table shows the minimum and maximum fees and expenses charged by all of the Portfolios after taking into account contractual fee waiver or reimbursement arrangements in place. Those contractual arrangements are designed to reduce Annual Portfolio Company Expenses and will continue for at least one year from the date of this prospectus.

**This Example is intended to help you compare the cost of investing in the** [**Variable Option**](#variableoption_b34a4816-bef4-4d38-8838-5c537e06abc7)**s with the cost of investing in other annuity contracts that offer** [**Variable Option**](#variableoption_b34a4816-bef4-4d38-8838-5c537e06abc7)**s. These costs include transaction expenses, annual** [**Contract**](#contract_079af36b-fe15-408c-81d2-66b4067add15) **expenses and Annual Portfolio Company Expenses.**

**The Example assumes all** [**Contract**](#contract_079af36b-fe15-408c-81d2-66b4067add15) **value is allocated to the** [**Variable Option**](#variableoption_b34a4816-bef4-4d38-8838-5c537e06abc7)**s. Your costs could differ from those shown if you invest in the Fixed Account.**

*Example: Contract with the MADB Rider*

**The Example assumes that you invest $100,000 in the** [**Variable Option**](#variableoption_b34a4816-bef4-4d38-8838-5c537e06abc7)**s for the time periods indicated. The example also assumes that your investment has a 5% return each year and assumes the most expensive combination of Annual** [**Portfolio**](#portfolio_06844124-e293-4c37-953e-06f68b113c2f) **Company Expenses and optional benefits available for an additional charge. The example does not reflect the payment of investment advisor fees. If the fees were reflected, the costs would be higher. Although your costs may be higher or lower, based on these assumptions, your costs would be**<sup>5</sup>**:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Years | Years | Years | Years |
|  | 1 | 3 | 5 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp; If you surrender your Contract at the end of the <br> applicable time period:<br>|  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; $5331 | &nbsp;&nbsp;&nbsp;&nbsp; $11815 | &nbsp;&nbsp;&nbsp;&nbsp; $18456 | &nbsp;&nbsp;&nbsp;&nbsp; $38375 |
| If you annuitize at the end of the applicable time period:  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; $5331 | &nbsp;&nbsp;&nbsp;&nbsp; $11815 | &nbsp;&nbsp;&nbsp;&nbsp; $18456 | &nbsp;&nbsp;&nbsp;&nbsp; $38375 |
| If you do *not* surrender your Contract: |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; $3504 | &nbsp;&nbsp;&nbsp;&nbsp; $10874 | &nbsp;&nbsp;&nbsp;&nbsp; $18456 | &nbsp;&nbsp;&nbsp;&nbsp; $38375 |

---

<sup>5</sup>For this example, the following assumptions are used: 0.50% mortality and expense risk charge, 0.40% MADB Rider charge,

[Portfolio](#portfolio_06844124-e293-4c37-953e-06f68b113c2f) operating expense of 2.675% (2.325% plus 0.35% Fund Facilitation Fee).

**13**

------

Appendix: Investment Options Available Under the Contract

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

The following is a list of [Portfolios](#portfolio_06844124-e293-4c37-953e-06f68b113c2f) that correspond to the [Subaccount](#subaccount_9d30547d-31f2-41c1-a17a-ed4ed0d2a83d)s available under the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15). More information about the [Portfolios](#portfolio_06844124-e293-4c37-953e-06f68b113c2f) is available in the prospectuses for the [Portfolios](#portfolio_06844124-e293-4c37-953e-06f68b113c2f), which may be amended from time to time and can be found online at dfinview.com/Thrivent/AdvisorFlex. You can also request this information in paper at no cost by calling (800) 847-4836 or by sending an email request to mail@thrivent.com.

The current expenses and performance information below reflects fees and expenses of the [Portfolios](#portfolio_06844124-e293-4c37-953e-06f68b113c2f) but does not reflect the other fees and expenses (including fund facilitation fees) that your [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) may charge. Expenses would be higher and performance would be lower if these charges were included. The current fund facilitation fee and current expenses plus the fund facilitation fee are shown in separate columns. Each [Portfolio's](#portfolio_06844124-e293-4c37-953e-06f68b113c2f) past performance is not necessarily an indication of future performance.

---

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

---

**14**

------

---

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

---

**15**

------

---

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

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**16**

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

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<sup>1</sup>

The maximum Fund Facilitation Fee is 0.40%

<sup>2</sup>

Current expenses reflect temporary fee reductions.

<sup>3</sup>

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

<sup>4</sup>

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

<sup>5</sup>

Formerly known as DFA VA International Small Portfolio

<sup>6</sup>

Formerly known as DFA US Targeted Value Portfolio

<sup>7</sup>

Formerly known as MFS® VIT II International Intrinsic Value Portoflio

<sup>8</sup>

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

<sup>9</sup>

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

**(b) Fixed Account Investment Option Available Under the Contract** <br>On or before the [Annuity Date](#annuitydate_8e91f1ff-6fcf-4402-8072-7ae16f9456b0), you may allocate the premiums paid under the [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15) and transfers from the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) in other investment options to the [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf). Any amounts allocated to the [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf) are invested with our General Account assets. Interest will be credited on premiums allocated to the [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf) and on amounts transferred to the [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf) from the date of allocation or transfer. The initial interest rate for each such allocation or transfer is guaranteed for 12 months, and subsequent interest rates will not change more frequently than every 12 months. Interest will be compounded daily and will never be less than the Fixed Account Guaranteed Interest Rate shown in your [Contract](#contract_079af36b-fe15-408c-81d2-66b4067add15). Interest guarantees are subject to Thrivent's claims-paying ability. For the current interest rate, please call our Service Center at 1-800-847-4836.The last-in, first-out accounting method will be used for partial surrenders, transfers, and transfer charges.The amount transferred from the [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf) in any [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090) may not exceed the greater of $10,000 or 50% of the [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3) in the [Fixed Account](#fixedaccount_f4d0db4b-35f5-41af-978f-55f8379cb0cf), excluding any [Accumulated Value](#accumulatedvalue_cfe8e753-70e9-4368-b2a6-54adcf1222d3)in the DCA Fixed Account, at the time the first transfer is made in that [Contract Year](#contractyear_b2568e65-7b30-42a3-8b86-ae9dc2b65090).

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

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**17**

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![](g236795thriventballard.jpg)

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

The Statement of Additional Information (SAI) dated April 30, 2026 contains more information about the Contract and the Variable Account. The SAI has been filed with the SEC and is incorporated by reference into the prospectuses. The SAI is available, without charge, upon request. You can view a copy of the SAI online at dfinview.com/Thrivent/AdvisorFlex

For a free paper copy of the SAI, to request other information about the Contract, and to make investor inquiries, you may call our Service Center at 1-800-847-4836, or you may send an email to mail@thrivent.com.

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

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

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

Contract Form #ICC16-WR-FPVA and state variations

EDGAR Contract No.C000211448 32094SPR R4-26

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