# EDGAR Filing Document

**Accession Number:** 0001173488
**File Stem:** 0001193125-26-190739
**Filing Date:** 2026-4
**Character Count:** 90276
**Document Hash:** 570c8826dc7f4d81465a620651fa098f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-190739.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001193125-26-190739

**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:** 333-237618
- **FILM NUMBER:** 26913737

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

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

## Series and Classes Contracts Data

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

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000220060 | Thrivent Retirement Choice Variable Annuity |  |

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

---

| | |
|:---|:---|
| ![](g37936thrivent2020_logowreg.jpg) | Thrivent Retirement Choice Variable Annuity |
| ![](g37936thrivent2020_logowreg.jpg) | <br> Thrivent Variable Annuity Account I |
| ![](g37936thrivent2020_logowreg.jpg) |  |
| ![](g37936thrivent2020_logowreg.jpg) | Summary Prospectus for New Investors |
| ![](g37936thrivent2020_logowreg.jpg) | **April 30, 2026** |

---

This summary prospectus summarizes key features of the Thrivent Retirement Choice Variable Annuity [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) (the "Contract") offered by Thrivent Financial for Lutherans ("Thrivent," "we," "us" or "our"), a fraternal benefit society organized under Wisconsin law. This is an individual flexible premium deferred variable annuity.

Before you invest, you should review the statutory prospectus for the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e), which contains more information about the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)'s features, benefits and risks. You can find this document and other information about the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) online at dfinview.com/Thrivent/RetirementChoice. 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.

This [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) is a complex investment and involves risks, including loss of principal. The [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) 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](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) are subject to its financial strength and claims-paying ability.

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

YOU MAY CANCEL YOUR [CONTRACT](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) WITHIN 10 DAYS OF RECEIVING IT <br> 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](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) value. You should review the statutory prospectus, or consult with your financial advisor or 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_4fd00bb1-1db5-4dab-a1f0-c6ffec13a1ea_1) | 3 |
| [Overview of the Contract](#xx_b33b6eb4-d9f2-4536-ac3f-6f4158dc6dd1_1) | 4 |
| [Important Information You Should Consider About the Contract](#xx_b33b6eb4-d9f2-4536-ac3f-6f4158dc6dd1_3) | 6 |
| [Benefits Available Under the Contract](#xx_43eb80dd-de3a-459b-b7af-e51a6ee287d9_1) | 9 |
| [Buying the Contract](#xx_d73004fe-d29b-4db2-be70-c43b9fce9868_1) | 12 |
| [Making Withdrawals: Accessing the Money in Your Contract](#xx_8744d986-e3a6-46b2-8fc2-6d6e3f89da2f_1) | 13 |
| [Additional Information About Fees](#xx_8744d986-e3a6-46b2-8fc2-6d6e3f89da2f_2) | 14 |
| [Appendix A: Investment Options Available Under the Contract](#xx_e26f4720-3487-41eb-9103-62cdc9746324_1) | 16 |
| [Appendix B: Investment Options Available Under a Contract with GLWB Rider](#xx_fdeba9ec-a9e9-4bfd-b552-e96e6ca555a9_1) | 20 |

---

**2**

------

Special Terms

---

| | |
|:---|:---|
| **Accumulated Value** | The sum of the values for your Contract in [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da)s and/or the Fixed <br> Account on or before the Maximum Annuity Date.<br>|
| **Annuity Date**  | A date when annuity income payments begin. |
| **Contract**  | The flexible premium deferred variable annuity contract offered by Thrivent <br> and described in this prospectus.<br>|
| **Contract Anniversary** | The same month and day of each year after issue as in the Date of Issue.  |
| **Contract Year**  | The first Contract Year begins on the Date of Issue and continues through <br> the day before the first Contract Anniversary. Thereafter, a Contract Year <br> begins on one Contract Anniversary and continues through the day before <br> the next Contract Anniversary.<br>|
| **Date of Issue**  | The date when the Initial Premium is allocated to the [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da)s of the <br> Variable Account and to the Fixed Account.<br>|
| **Fixed Account**  | An Investment Option that credits an interest rate. The Fixed Account is part <br> of our General Account. The Fixed Account is not a [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da). For the <br> current interest rate, please call our Service Center at 1-800-847-4836.<br>|
| **GLWB Benefit Base**  | The GLWB Benefit Base is the amount used for calculating the Guaranteed <br> Annual Withdrawal Amounts and the GLWB Rider Charge. It cannot be taken <br> as a full or partial surrender and is not payable as part of Death Proceeds.<br>|
| **GLWB Rate Sheet**  | A prospectus supplement, that will be filed periodically, where we declare the <br> current features applicable on our Thrivent Income Builder (GLWB) Rider.<br>|
| **Investment Option** | A Variable Option or the Fixed Account available in this Contract. |
| **Issue Age**  | A person's age on his or her birthday nearest the Date of Issue. |
| **Maximum Annuity Date** | The latest date when annuity income payments must begin. |
| **Notice**  | A request signed by you or provided in another manner acceptable to us and <br> received in good order by us at our Service Center.<br>|
| **Owner, you, your, yours** | The owner(s) of this contract. |
| **Portfolio**  | Each [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da) invests exclusively in the shares of a corresponding <br> Portfolio of the Fund.<br>|
| **Qualified Plan**  | A contract governed by the requirements of Section 408, or 408A of the <br> Internal Revenue Code, as amended.<br>|
| **Required Allocation Percentages** | If you have the Thrivent Income Builder (GLWB) Rider, your allocations to <br> the [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da)s is restricted by certain percentages. See the Rate Sheet <br> Prospectus Supplement. These can change in the future.<br>|
| **Service Center**  | Thrivent, 4321 North Ballard Road, Appleton, Wisconsin 54919-0001, <br> 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 <br> guaranteed annuity payments from us. A death benefit, if any, would then <br> depend on the option selected.<br>|
| **Subaccount**  | A subdivision of the Variable Account. Each Subaccount invests exclusively <br> in the shares of a corresponding Portfolio.<br>|
| **Surrender Charge**  | A charge that applies to withdrawals that have not met the waiting period. <br> Each premium payment has its own 7-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 <br> during the accumulation phase varies according to the investment <br> experience of a [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da). <br>|

---

**3**

------

Overview of the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)

**What is the** [**Contract**](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)**, and what is it designed to do?** <br>The [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) 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](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e) and the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291). When you are ready to take money out of the annuity, the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) offers withdrawals on an ad hoc or systematic basis, as well as the option of electing from several types of annuity payments ([Settlement Option](#settlementoption_4040a30e-94b9-47cb-b4e8-29196ca8d4cc)s). A [Settlement Option](#settlementoption_4040a30e-94b9-47cb-b4e8-29196ca8d4cc) can be guaranteed for a set timeframe or for your lifetime. There is also an optional Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider, which you may add for an additional charge. With a GLWB Rider you may take out guaranteed withdrawal amounts for life, as long as you do not exceed the specified amount permitted. The [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) offers a Standard Death Benefit if an [Owner](#owner_7afdf464-ab36-4865-8987-960b31362a6b) dies before the [Maximum Annuity Date](#maximumannuitydate_ad17e897-d005-4702-a810-e376f90cfe21). For an additional charge, you may purchase an optional death benefit, the Maximum Anniversary Death Benefit (MADB) Rider, which may increase the death benefit if the [Owner](#owner_7afdf464-ab36-4865-8987-960b31362a6b) dies before the [Maximum Annuity Date](#maximumannuitydate_ad17e897-d005-4702-a810-e376f90cfe21). After any [Annuity Date](#annuitydate_c44ce8bf-cab0-4631-a90e-feae5c8b5886), amounts payable from that annuitized portion, if any, depend upon the terms of the [Settlement Option](#settlementoption_4040a30e-94b9-47cb-b4e8-29196ca8d4cc).

**For whom is the** [**Contract**](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) **appropriate?** <br>The [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) may be appropriate if you have a long-term investment horizon. It is not appropriate for people who may need to make early or frequent withdrawals or who intend to engage in frequent trading.

**What are the phases of the Contract?** <br> The [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) has two phases, the accumulation phase and the income phase. During the accumulation phase, you may make one or more premium payments and transfer [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411) between the various investment options and the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291), subject to some limitations. Additional information about the available [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da)s can be found in [Appendix A](#appendix_65150f93-ea01-4a45-8cfc-66999ced2bd3) at the end of this document. If you have the GLWB Rider, investment restrictions can be found in [Appendix B](#appendixb_5a30dbdd-c40c-454a-a16a-51a7a8aaa7d4). 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_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)[Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411) converted into guaranteed annuity payments (a [Settlement Option](#settlementoption_4040a30e-94b9-47cb-b4e8-29196ca8d4cc)). Once you move to a [Settlement Option](#settlementoption_4040a30e-94b9-47cb-b4e8-29196ca8d4cc), you may or may not have a death benefit or be able to take additional withdrawals, depending on the [Settlement Option](#settlementoption_4040a30e-94b9-47cb-b4e8-29196ca8d4cc) you choose.

**What are the** [**Contract's**](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) **primary features?**

**Investment Options:** The [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) provides the opportunity for tax-deferred growth by allocating the [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411)to a variety of investment options and the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291). For the current [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291) interest rate, please call our Service Center at 1-800-847-4836.

**Tax Treatment:** The premium payments you put into the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) 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_f9f87fe9-ec35-42a6-9218-29199e0b2b6e).

**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 [Portfolios](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e). Either Dollar Cost Averaging Program allows such investments to be made in installments over time. The minimum premium necessary to establish a Dollar Cost Averaging Program is $10,000.

**Asset Rebalancing:** You may choose the Automatic Asset Rebalancing Program, which transfers your [Accumulated](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411)Value among variable [Portfolios](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e) on a regular basis according to your instructions. This can help you select a specific asset allocation and maintain it over time. If you have the GLWB Rider, quarterly Asset Rebalancing will happen automatically, if needed, to conform with the GLWB investment restrictions.

**Death Benefits:** We will pay Death Proceeds upon the death of an [Owner](#owner_7afdf464-ab36-4865-8987-960b31362a6b), or the annuitant if the [Owner](#owner_7afdf464-ab36-4865-8987-960b31362a6b) is a Non-Natural Person. The Death Benefit is calculated at the end of the Valuation Period during which we receive at our [Service Center](#servicecenter_6c1e07c4-a1b2-4c36-ba1d-c41911fa5fa5)a certified copy of the death certificate, or other lawful evidence providing equivalent information. The amount of the Death

**4**

------

Benefit is the greater of the [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411) or the Standard Death Benefit. Once calculated, Death Proceeds payable to a beneficiary may continue to be subject to the investment experience of the [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da)s until that beneficiary submits a claim form in good order.

**Settlement Options:** You may elect to convert all or some of your [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411) into guaranteed annuity payments from us. A death benefit, if any, would then depend on the option selected.

**What optional benefits are available for an additional cost?** <br>

**Maximum Anniversary Death Benefit (MADB) Rider:** The MADB Rider provides for a death benefit calculation that takes into account the highest [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411) on any [Contract Anniversary](#contractanniversary_a44b864c-15ca-473b-be8b-d22e9636b22d) up to Contract Age 80, adjusted for any premiums or surrenders made after the anniversary. The Death Benefit is calculated at the end of the valuation period during which we receive at our [Service Center](#servicecenter_6c1e07c4-a1b2-4c36-ba1d-c41911fa5fa5) a certified copy of the death certificate, or other lawful evidence providing equivalent information. The Death Benefit will be the highest of the [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411), Standard Death Benefit, or the MADB Rider benefit. Once calculated, the death proceeds continue to be subject to the investment experience of the [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da)s. When a beneficiary provides a claim form in good order, that beneficiary's share of the death proceeds will be removed from the market. <br>

**Thrivent Income Builder - Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider:** The GLWB Rider provides for guaranteed annual withdrawal amounts for as long as you live, even if your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)'s value is depleted by these guaranteed withdrawals. If you have this rider, your allocations to the [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da)s will be restricted to two options: the Asset Allocation Option or the Custom Option. On the [Date of Issue](#dateofissue_1cc52456-cd98-4dd2-96a1-f71ad24e23bf), you will have a GLWB Benefit Base equal to your initial premium. Thereafter, your GLWB Benefit Base will be adjusted for additional premiums. The more your GLWB Benefit Base grows, the higher guaranteed amount you will have when you begin taking withdrawals. The GLWB Benefit Base is limited to a maximum amount of $30 million. You have the potential to grow your Benefit Base and increase your lifetime withdrawals in three ways: <br>

**Credits** – If there are no withdrawals in the [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324), the Benefit Base will increase by a Credit Amount for 10 years, or up to [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) age 80, if sooner. The GLWB Credit Percentage is multiplied by your current Credit Base. Initially, the Credit Base is equal to the premium paid, and is increased by additional premiums paid. The Credit Base is also adjusted for any excess withdrawals taken.

**Step-ups** - If your Contract's value is greater than your Benefit Base on your [Contract Anniversary](#contractanniversary_a44b864c-15ca-473b-be8b-d22e9636b22d), the Benefit Base steps up to the new [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411) and is locked in as your new Benefit Base. The Credit Base is increased to equal the stepped up Benefit Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your future annual credits will then be based off your new Credit Base following a step-up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A new 10-year crediting period starts.

**Guaranteed Minimum** - If you haven't taken any withdrawals in the first 12 years or until you reach age 71 (whichever is later), your Benefit Base is guaranteed to be a specified percentage (see Rate Sheet) of first year premiums plus a specified percentage (see [Rate Sheet](#ratesheet_6ce9ed05-8cc4-4239-81dd-2942a4ffc99c)) of all other premiums.

The first time you take a withdrawal, a calculation occurs to determine the amount you can withdraw each [Contract](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324)Year, without affecting your future guarantees. This amount is called the Guaranteed Annual Withdrawal Amount (GAWA). This initial GAWA is calculated by applying a Guaranteed Withdrawal Percentage to your Benefit Base. While you may withdraw more than the GAWA in a [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324), an additional withdrawal can result in a GLWB Excess Surrender, thereby reducing your future guarantees.

The GAWA may change from year to year depending on whether the Benefit Base was increased or decreased as a result of GLWB Excess Surrenders. Withdrawals of the GAWA are taxed in the same manner as partial surrenders under the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e).

If a GLWB Rider has a single Covered Person that terminates due to death, while a Spouse may continue the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e), a new GLWB Rider cannot be added to the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e).

Please see the statutory prospectus for more information and examples of how this rider works.

**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_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) within 7 years of your last <br> premium payment, you may be assessed a [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02). Each <br> premium payment will have its own 7-year [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02). The maximum <br> [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02) is 7% during the first two years and decreases by 1% for <br> the next five years. If you make an early withdrawal, you could pay a <br> [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02) of up to $7,000 on a $100,000 investment. This loss will be <br> greater if there are taxes and tax penalties. <br> [Surrender Charge](#surrendercharge_09ba4c4a-4c4f-4630-a4ac-c4c77de685a0)s apply only to amounts that exceed the greatest of 10% of <br> the Accumulated Value existing at the time the first surrender is made in a <br> Contract Year, the Contract's earnings or any Required Minimum Distribution. | **Yes**. If you withdraw money from the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) within 7 years of your last <br> premium payment, you may be assessed a [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02). Each <br> premium payment will have its own 7-year [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02). The maximum <br> [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02) is 7% during the first two years and decreases by 1% for <br> the next five years. If you make an early withdrawal, you could pay a <br> [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02) of up to $7,000 on a $100,000 investment. This loss will be <br> greater if there are taxes and tax penalties. <br> [Surrender Charge](#surrendercharge_09ba4c4a-4c4f-4630-a4ac-c4c77de685a0)s apply only to amounts that exceed the greatest of 10% of <br> the Accumulated Value existing at the time the first surrender is made in a <br> Contract Year, the Contract's earnings or any Required Minimum Distribution. | **Yes**. If you withdraw money from the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) within 7 years of your last <br> premium payment, you may be assessed a [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02). Each <br> premium payment will have its own 7-year [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02). The maximum <br> [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02) is 7% during the first two years and decreases by 1% for <br> the next five years. If you make an early withdrawal, you could pay a <br> [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02) of up to $7,000 on a $100,000 investment. This loss will be <br> greater if there are taxes and tax penalties. <br> [Surrender Charge](#surrendercharge_09ba4c4a-4c4f-4630-a4ac-c4c77de685a0)s apply only to amounts that exceed the greatest of 10% of <br> the Accumulated Value existing at the time the first surrender is made in a <br> Contract Year, the Contract's earnings or any Required Minimum Distribution. | Fee Table |
| &nbsp;&nbsp; Are There <br> Transaction <br> Charges?<br>| **Yes**. In addition to [Surrender Charges](#charge_366306fc-1a84-4092-9628-909517c6fb02), there may also be charges for other <br> transactions.<br> You may make 24 free [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da) transfers in each [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324). On <br> subsequent [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da) transfers (other than the Dollar Cost Averaging and <br> Asset Rebalancing Programs), you will incur a $25 transfer charge.<br> You will also pay a charge if you request a wire transfer of funds from your <br> [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) 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_366306fc-1a84-4092-9628-909517c6fb02), there may also be charges for other <br> transactions.<br> You may make 24 free [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da) transfers in each [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324). On <br> subsequent [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da) transfers (other than the Dollar Cost Averaging and <br> Asset Rebalancing Programs), you will incur a $25 transfer charge.<br> You will also pay a charge if you request a wire transfer of funds from your <br> [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) 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_366306fc-1a84-4092-9628-909517c6fb02), there may also be charges for other <br> transactions.<br> You may make 24 free [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da) transfers in each [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324). On <br> subsequent [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da) transfers (other than the Dollar Cost Averaging and <br> Asset Rebalancing Programs), you will incur a $25 transfer charge.<br> You will also pay a charge if you request a wire transfer of funds from your <br> [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) to another financial institution. That financial institution may also <br> charge a fee to receive a wire. You will also pay a charge if you request to <br> have a check sent to you using an overnight mail service. | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Yes.** The table below describes the fees and expenses that you may pay <br> *each year*, depending on the [Investment Option](#investmentoption_34f1e679-de97-4354-9a75-213a1b645b71)s and optional benefits you <br> choose. Please refer to your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) specifications page for information <br> about the specific fees you will pay each year based on the options you have <br> elected.  | **Yes.** The table below describes the fees and expenses that you may pay <br> *each year*, depending on the [Investment Option](#investmentoption_34f1e679-de97-4354-9a75-213a1b645b71)s and optional benefits you <br> choose. Please refer to your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) specifications page for information <br> about the specific fees you will pay each year based on the options you have <br> elected.  | **Yes.** The table below describes the fees and expenses that you may pay <br> *each year*, depending on the [Investment Option](#investmentoption_34f1e679-de97-4354-9a75-213a1b645b71)s and optional benefits you <br> choose. Please refer to your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) specifications page for information <br> about the specific fees you will pay each year based on the options you have <br> elected.  | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Annual Fee** | **Minimum** | **Maximum** | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Base Contract (as a percentage of <br> daily net assets of each [Portfolio](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e))<br>| 0.50% | 1.25% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Portfolio Company fees and <br> expenses (Expenses that you pay as <br> a percentage of your investment. <br> Expenses may be higher or lower in <br> future years. More detail is contained <br> in the prospectus for each [Portfolio](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e))<br>| 0.22% | 2.575% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Optional benefits available for an** <br> **additional charge (only one** <br> **optional benefit may be selected)**<br>| **Minimum** | **Maximum** | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Thrivent Income Builder (GLWB) <br> Rider Charge (as a percentage of the <br> Benefit Base)<br>| 0.50% | 2.50% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Maximum Anniversary Death Benefit <br> (MADB) Rider Charge (as a <br> percentage of the MADB value)<br>| 0.20% | 0.50% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Because your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e), <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_f9f87fe9-ec35-42a6-9218-29199e0b2b6e), **which could add** [**Surrender Charge**](#charge_366306fc-1a84-4092-9628-909517c6fb02)**s that** <br> **substantially increase costs.** | Because your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e), <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_f9f87fe9-ec35-42a6-9218-29199e0b2b6e), **which could add** [**Surrender Charge**](#charge_366306fc-1a84-4092-9628-909517c6fb02)**s that** <br> **substantially increase costs.** | Because your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e), <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_f9f87fe9-ec35-42a6-9218-29199e0b2b6e), **which could add** [**Surrender Charge**](#charge_366306fc-1a84-4092-9628-909517c6fb02)**s that** <br> **substantially increase costs.** | Fee Table |

---

**6**

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Lowest Annual Cost: $1,496** | **Highest Annual Cost: $4,914** |  |
|  | Assumes: | Assumes: |  |
|  | Investment of $100,000 | Investment of $100,000 |  |
|  | 5% annual appreciation  | 5% annual appreciation  |  |
|  | Least expensive [Portfolio](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e) fees and <br> expenses <br>| Most expensive [Portfolio](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e) fees and <br> expenses  |  |
|  | No optional benefits  | Thrivent Income Builder (GLWB) Rider |  |
|  | No sales charges  | No sales charges |  |
|  | No additional premium payments, <br> transfers or withdrawals <br>| No additional premium payments, <br> transfers or withdrawals |  |
| **RISKS** | **RISKS** | **RISKS** | **Location in**<br> **Statutory**<br> **Prospectus**<br>|
| &nbsp;&nbsp; Is There a Risk of <br> Loss from Poor <br> Performance?<br>| **Yes.** You can lose money investing in the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e). | **Yes.** You can lose money investing in the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e). | Principal Risks of <br> Investing in the <br> Contract<br>|
| &nbsp;&nbsp; Is This a <br> Short-Term <br> Investment?<br>| **No.** This product is not a short-term investment and is not appropriate for an <br> investor who needs ready access to cash. Each premium payment has a <br> 7-year [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02) that may decrease the surrender value. Amounts <br> withdrawn from the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) may result in surrender charges, taxes, and tax <br> penalties. | **No.** This product is not a short-term investment and is not appropriate for an <br> investor who needs ready access to cash. Each premium payment has a <br> 7-year [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02) that may decrease the surrender value. Amounts <br> withdrawn from the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) may result in surrender charges, taxes, and tax <br> penalties. | Principal Risks of <br> Investing in the <br> Contract<br>|
| &nbsp;&nbsp; What Are the Risks <br> Associated with the <br> Investment <br> Options?<br>| An investment in the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) is subject to the risk of poor investment <br> performance and can vary depending on the performance of the [Investment](#investmentoption_34f1e679-de97-4354-9a75-213a1b645b71)<br> Options available under the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e). Each [Investment Option](#investmentoption_34f1e679-de97-4354-9a75-213a1b645b71) (including the <br> [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291)) 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_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) is subject to the risk of poor investment <br> performance and can vary depending on the performance of the [Investment](#investmentoption_34f1e679-de97-4354-9a75-213a1b645b71)<br> Options available under the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e). Each [Investment Option](#investmentoption_34f1e679-de97-4354-9a75-213a1b645b71) (including the <br> [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291)) will have its own unique risks, and you should review these <br> investment options before making an investment decision. | Principal Risks of <br> Investing in the <br> Contract<br>|
| &nbsp;&nbsp; What are the Risks <br> Related to the <br> Insurance <br> Company? <br>| An investment in the Contract is subject to the risks related to Thrivent. Any <br> obligations (including those under the Fixed Account), guarantees or benefits <br> are subject to the claims-paying ability of Thrivent. More information about <br> Thrivent, including its financial strength ratings are available upon request by <br> calling 1-800-847-4836 or by sending an email to mail@thrivent.com. | An investment in the Contract is subject to the risks related to Thrivent. Any <br> obligations (including those under the Fixed Account), guarantees or benefits <br> are subject to the claims-paying ability of Thrivent. More information about <br> Thrivent, including its financial strength ratings are available upon request by <br> calling 1-800-847-4836 or by sending an email to mail@thrivent.com. | Principal Risks of <br> Investing in the <br> Contract<br>|

---

**7**

------

---

| | | |
|:---|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** | **Location in**<br> **Statutory**<br> **Prospectus**<br>|
| &nbsp;&nbsp; Are There <br> Restrictions on the <br> Investment <br> Options? <br>| **Yes.** We reserve the right to add, delete, combine or substitute investment <br> [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da)s.<br> The amount transferred from the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291) in any [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324) may not <br> exceed the greater of $500 or 25% of the [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411) in the [Fixed](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291)<br> Account.<br> If you have added the optional Thrivent Income Builder (GLWB) Rider to your <br> Contract, you will be subject to investment restrictions. There are currently <br> two options available, the Asset Allocation Option or the Custom Allocation <br> Option. Premium and Accumulated Value allocations must comply with one of <br> these options. We may change these options and available [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da)s <br> upon [Notice](#notice_6d5b0dda-9fb5-458f-bc27-d7c9fb6b91e9).<br> Premium amounts of $1 million or greater require prior approval. We reserve <br> the right to limit the total of all premiums paid under the Contract to $1 million. | Purchases and <br> Contract Value<br> Appendix B: <br> Investment Options <br> Available Under a <br> Contract with <br> GLWB Rider<br>|
| &nbsp;&nbsp; Are There Any <br> Restrictions on <br> Contract Benefits? <br>| **Yes.** You may only select the GLWB Rider or the MADB Rider at the time of <br> [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) application. Only one optional benefit may be selected. Neither rider <br> may be canceled within the first two years after the [Date of Issue](#dateofissue_1cc52456-cd98-4dd2-96a1-f71ad24e23bf). <br> Withdrawals that exceed the limits under the GLWB Rider may reduce the <br> benefit by an amount greater than the value withdrawn or could terminate the <br> benefit.<br> The MADB is decreased by the same proportion as the [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411) is <br> decreased by a partial surrender. This may reduce the rider value by an <br> amount greater than the value withdrawn or could terminate the benefit. After <br> Contract Age 80, the benefit is adjusted only for additional premium or <br> withdrawals. | Benefits Available <br> Under the Contract<br>|
| **TAXES** | **TAXES** | **Location in**<br> **Statutory**<br> **Prospectus**<br>|
| &nbsp;&nbsp; Taxes – What are <br> the Contract's Tax <br> Implications?<br>| You should consult with a tax professional to determine the tax implications of <br> an investment in and withdrawals or benefits received under the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e). <br> There is no additional tax benefit if the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) is purchased through a <br> tax-qualified individual retirement account (IRA). Withdrawals will be subject <br> to ordinary income tax and may be subject to a 10% federal tax penalty, if <br> under age 59 <sup>1</sup>∕2 and no exception applies. | Taxes |
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** | **Location in**<br> **Statutory**<br> **Prospectus**<br>|
| &nbsp;&nbsp; How are <br> Investment <br> Professionals <br> Compensated? <br>| Financial advisors or professionals receive compensation for selling the <br> [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)s through commissions based on the contributions you make to the <br> contract. They also receive trailing compensation based on the [Contract's](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)<br> [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411). Financial advisors or professionals may have a financial <br> incentive to offer or recommend the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) over another investment. | Distribution of the <br> Contracts<br>|
| &nbsp;&nbsp; Should I Exchange <br> My Contract? <br>| Some financial advisors or professionals may have a financial incentive to <br> offer you a new contract in place of the one you already own. You should only <br> exchange your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) if you determine, after comparing the features, fees, <br> and risks of both contracts, and any fees or penalties to terminate the <br> existing contract, that it is preferable for you to purchase the new [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)<br> rather than continue to own the existing [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e). | Taxes - Exchanges <br> of 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 if an <br> Owner dies before the <br> Maximum Annuity Date. <br> It is equal to the greater <br> of the Accumulated <br> Value or the premiums <br> adjusted for <br> withdrawals. <br> Withdrawals decrease <br> the Standard Death <br> Benefit by the same <br> proportion as the <br> Accumulated 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 reduce <br> the benefit. <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum<br> Anniversary<br> Death Benefit<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(MADB) Rider<br>| The MADB Rider <br> provides for a death <br> benefit calculation that <br> takes into account the <br> highest [Accumulated](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411)<br> Value on any [Contract](#contractanniversary_a44b864c-15ca-473b-be8b-d22e9636b22d)<br> Anniversary up to <br> Contract Age 80, <br> adjusted for any <br> premiums or <br> withdrawals made after <br> the anniversary.<br>| Optional | 0.50%<sup>1</sup> <br>(as a percentage <br> of MADB)<br>| 0.25%<sup>1</sup> <br>(as a percentage <br> of MADB)<br>| &nbsp;&nbsp;&nbsp;&nbsp; ♦ Only available at <br> issue if you are no <br> more than [Issue](#issueage_c1bc958b-5e54-4dd4-b009-87c2c5180adf)<br> Age nearest 75.<br> ♦ After Contract Age <br> 80, the benefit is <br> only adjusted for <br> additional <br> premiums or <br> withdrawals.<br> ♦ Not available with <br> GLWB.<br> ♦ The MADB is <br> decreased by the <br> same proportion as <br> the Accumulated <br> Value is decreased <br> by a partial <br> surrender. This <br> may reduce the <br> rider value by an <br> amount greater <br> than the value <br> withdrawn or could <br> terminate the <br> benefit. <br>|

---

<sup>1</sup>

See *Charges-*[*MADB Rider Charge*](#madbcharge_38de14c1-621e-4083-a3b2-656cd233cadf) in the statutory prospectus for more information.

**9**

------

**Living Benefit** 

---

| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Is Benefit**<br> **Standard or**<br> **Optional**<br>| **Brief Description**<br> **of Restrictions**<br> **and Limitations** <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thrivent <br> Income<br> Builder<br> Guaranteed<br> Lifetime<br> Withdrawal<br> Benefit<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(GLWB) Rider<br>| Allows you to withdraw <br> up to a Guaranteed <br> Annual Withdrawal <br> Amount (GAWA) each <br> [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324) for life, as <br> long as you don't exceed <br> the amount permitted.<br>| Optional<br> 2.50%<sup>2</sup> <br>(as a percentage of <br> GLWB Benefit Base)<br>See <br> GLWB <br> Rate <br> Sheet<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; ♦ Investment <br> restrictions apply<br> ♦ Only available at <br> issue if you are age <br> nearest 50 to 85 on <br> the Rider Date of <br> Issue.<br> ♦ The minimum <br> required premium <br> is $25,000.<br> ♦ The GLWB Benefit <br> Base is limited to a <br> maximum amount <br> in your Contract <br> ($30 million or <br> $10 million <br> depending on the <br> state.)<br> ♦ Cannot terminate <br> Rider until 2 years <br> after issue.<br> ♦ Not available with <br> MADB Rider.<br> ♦ A GLWB Excess <br> Surrender may <br> reduce the GLWB <br> Benefit Base and <br> the Guaranteed <br> Annual Withdrawal <br> Amount by more<br> than the amount of <br> the GLWB Excess <br> Surrender.<br>|

---

<sup>2</sup>

See *Charges-*[*Thrivent Income Builder (GLWB) Rider Charge*](#glwbcharge_9787024b-e8aa-46eb-b7eb-48f334cc5708) in the statutory prospectus for more information.

**10**

------

**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; Automatic <br> Asset <br> Rebalancing<br>| Asset Rebalancing allows you to <br> elect a specific asset allocation <br> to maintain over time.<br>| Standard |  |  | &nbsp;&nbsp;&nbsp;&nbsp; ♦ You may not <br> include the [Fixed](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291)<br> Account.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dollar Cost <br> Averaging<br>| Dollar Cost Averaging allows you <br> to have automatic periodic <br> transfers to one or more <br> [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da)s other than the <br> [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291). If you have a <br> GLWB Rider, quarterly Asset <br> Rebalancing will happen <br> automatically to conform with the <br> rider's investment restrictions. <br>| Standard |  |  | &nbsp;&nbsp;&nbsp;&nbsp; ♦ You may not Dollar <br> Cost Average into <br> the [Fixed Account.](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Systematic <br> Partial <br> Surrenders<br>| Allows for ongoing withdrawals <br> from your investment options <br> during the Accumulation Phase.<br>| Standard |  |  | &nbsp;&nbsp;&nbsp;&nbsp; ♦ [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02)s <br> may apply.<br> ♦ Taxes and penalties <br> may apply.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Free <br> Surrender <br> Amounts <br>| Surrender Charges apply only to <br> amounts that exceed the <br> greatest of 10% of the <br> [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411) existing at <br> the time the first surrender is <br> made in a [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324), the <br> Contract's earnings or Required <br> Minimum Distribution.<br>| Standard |  |  | &nbsp;&nbsp;&nbsp;&nbsp; ♦ Restrictions apply to <br> each separate <br> [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324). <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Confinement of <br> the Owner in <br> a Hospital, <br> Nursing Home, <br> or Hospice<br>| Surrender Charges are waived <br> during or within 90 days after the <br> end of confinement of the owner.<br>| Standard |  |  | &nbsp;&nbsp;&nbsp;&nbsp; ♦ Confinement must <br> begin after the <br> [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) has been <br> issued and must <br> continue at least 30 <br> days.<br>|
| Terminal Illness | Surrender Charges are waived if <br> the Owner has a life expectancy <br> of 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>|

---

**11**

------

Buying the Contract

**How do I buy the** [**Contract**](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)**?** <br>In order to purchase a [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e), you must submit an application to us through a financial professional or advisor. We only offer the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) 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_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)**?** <br>The minimum acceptable initial premium is $5,000 unless your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) is issued in connection with an IRA. If your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) is issued in connection with an IRA, the minimum acceptable premium is $2,000. A minimum premium of $25,000 is required to add the Thrivent Income Builder Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider. We may, at our discretion, waive this initial premium requirement. You may pay additional premiums under the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e), 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_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) to a total of $1 million. No premiums are allowed once any [Owner](#owner_7afdf464-ab36-4865-8987-960b31362a6b) reaches [Contract Age](#contractage_bb3c67f4-4fb6-4283-abe5-7e7febe2595b) 88.

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.

**12**

------

Making Withdrawals: Accessing the Money in Your Contract

**What should I know about surrender or withdrawals?** <br>If you request a surrender or withdrawal on or before the [Maximum Annuity Date](#maxannuitydate_1f08fdcf-1ec0-4f9a-9eb3-97c42b5e1aa5), we will pay to you all or part of the [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411) of a [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) after deducting any applicable [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02) and tax withholding. Withdrawals must be for at least $200 and must not reduce the remaining [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411) in the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) to less than $2,000.

**When will you process my request?** <br>Your request will be processed when we receive it in good order. If we receive your 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.

A GLWB Excess Surrender may reduce the GLWB Benefit Base and the Guaranteed Annual Withdrawal Amount by more than the amount of the GLWB Excess Surrender.

**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_f9f87fe9-ec35-42a6-9218-29199e0b2b6e). There is no additional tax benefit if the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) 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>1/2</sup> and an exception does not apply.

**13**

------

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_34f1e679-de97-4354-9a75-213a1b645b71) **or from the** [**Contract**](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)**. Please refer to your** [**Contract**](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) **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_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)**, surrender or make withdrawals from an** [**Investment Option**](#investmentoption_34f1e679-de97-4354-9a75-213a1b645b71) **or from the** [**Contract**](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)**, or transfer** [**Accumulated Value**](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411) **between** [**Investment Option**](#investmentoption_34f1e679-de97-4354-9a75-213a1b645b71)**s. State premium taxes do not apply.** 

---

| | |
|:---|:---|
| **Transaction Expenses**  | **Maximum Fees** |
| Sales Load Imposed on Purchases (as a percentage of purchase payments)  | 0% |
| Surrender Charge (as a percentage of amount surrendered)<sup>1</sup> <br>| 7% |
| Transfer Charge<sup>2</sup> <br>| $25 |

---

<sup>1</sup>We may assess a [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02) for partial surrenders or surrenders that exceed the greatest of the 10% free surrender amount, contract earnings, or Required Minimum Distribution. Each premium payment will have its own 7-year [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02)schedule. Earnings in the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) are removed first and always without a [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02). Then, premiums are removed from the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) on a first-in, first-out basis and are assessed [Surrender Charge](#charge_366306fc-1a84-4092-9628-909517c6fb02)s based on full years since allocation. The [Surrender](#charge_366306fc-1a84-4092-9628-909517c6fb02)Charge is 7% during the first two years and decreases by 1% for the next five years.

<sup>2</sup>You are allowed 24 transfers each [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324) without a Transfer Charge. Transfers in excess of 24 will incur a $25 fee. 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_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) **(not including** [**Portfolio**](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e) **Company fees and expenses).**

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

You may only add an optional benefit at the time of application and can only select the MADB Rider or the GLWB Rider. You may not select both.

---

| | | |
|:---|:---|:---|
| **Annual Contract Expenses** | **Maximum** | **Current** |
| Administrative Expenses<sup>3</sup> <br>| $50 | $50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Base Contract Expenses (as a percentage of the daily net assets in the <br> [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da)s)<sup>4</sup> <br>| 1.25% | 1.25% |
| **Optional Benefit Expenses** | **Maximum** | **Current** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum Anniversary Death Benefit (MADB) Rider Charge (as a percentage <br> of MADB)<sup>5</sup> <br>| 0.50% | 0.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thrivent Income Builder (GLWB) Rider Charge (as a percentage of the Benefit <br> Base)<sup>6</sup> <br>| 2.50% | See GLWB Rate Sheet |

---

<sup>3</sup>We will charge an Administrative Expense on each Contract Anniversary. We will waive the charge on any anniversary when the Accumulated Value is at least $50,000.

<sup>4</sup>The Mortality and Expense Risk Charge pending payout due to a death claim is based on the average daily net assets of the Variable Account and is equal to an annual rate of 0.95%.

<sup>5</sup>The MADB Charge is the charge for this Rider. The MADB Charge will be calculated on each Rider Quarterly Anniversary. It will be calculated as the MADB multiplied by the Maximum Anniversary Death Benefit (MADB) Charge Rate, divided by four, and withdrawn quarterly. The first charge will be deducted on the first Rider Quarterly Anniversary for the three-month period that started on the Rider Date of Issue. Thereafter, the charge for each three-month period will be deducted on the Rider Quarterly Anniversary immediately after that three-month period.

<sup>6</sup>The charge is multiplied by the GLWB Benefit Base, divided by four, and withdrawn quarterly. The first charge will be deducted on the first Rider Quarterly Anniversary for the three-month period that started on the Rider Date of Issue. Thereafter, the charge for each three-month period will be deducted on the Rider Quarterly Anniversary immediately after that three-month period. The current charge for new elections for the GLWB Rider is disclosed in a GLWB Rate Sheet Prospectus Supplement.

**14**

------

**Different fees and charges may apply after the** [**Contract**](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) **has been annuitized.** 

---

| | |
|:---|:---|
| **Charges after the** [**Annuity Date**](#annuitydate_c44ce8bf-cab0-4631-a90e-feae5c8b5886) | **Charges after the** [**Annuity Date**](#annuitydate_c44ce8bf-cab0-4631-a90e-feae5c8b5886) |
| Commuted Value Charge (for [Settlement Option](#settlementoption_4040a30e-94b9-47cb-b4e8-29196ca8d4cc)s that can be surrendered) | 0.25% |

---

As a fraternal benefit society, Thrivent is also required to have a [Maintenance of Solvency](#solvency_2c817000-0abe-4f7b-8718-cfcee23357a7) provision that could require you to pay us an amount to maintain our financial strength. For a complete discussion of the Maintenance of Solvency provision, see [*Maintenance of Solvency*](#solvency_2c817000-0abe-4f7b-8718-cfcee23357a7) in the statutory prospectus.

**The next item shows the minimum and maximum total operating expenses charged by the** [**Portfolio**](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e) **Companies that you may pay periodically during the time that you own the** [**Contract**](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)**. Expenses shown may change over time and may be higher or lower in the future. A complete list of the** [**Portfolio**](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e) **Companies available under the** [**Contract**](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e)**, including their annual expenses, may be found at the back of this document in** [**Appendix A**](#appendix_65150f93-ea01-4a45-8cfc-66999ced2bd3)**.** 

---

| | | |
|:---|:---|:---|
| **Annual** [**Portfolio**](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e) **Company Expenses**  | **Minimum** | **Maximum** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expenses that are deducted from [Portfolio](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e) assets, including management fees, distribution <br> and/or service (12b-1) fees, and other expenses<br>| 0.22% | 2.575% |
| Expenses after reimbursements and/or fee waivers | 0.22% | 2.575%<sup>7</sup> <br>|

---

<sup>7</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](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e) 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.

***Example***

**This Example is intended to help you compare the cost of investing in the** [**Variable Option**](#variableoption_52b3611d-679e-440f-94d5-47070d391432)**s with the cost of investing in other annuity contract that offer variable options. These costs include transaction expenses, annual** [**Contract**](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) **expenses and Annual Portfolio Company Expenses.**

**The Example assumes all** [**Contract**](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) **value is allocated to the** [**Variable Option**](#variableoption_52b3611d-679e-440f-94d5-47070d391432)**s. Your costs could differ from those shown below if you invest in the** [**Fixed Account**](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291)**.** 

**The Example assumes that you invest $100,000 in the** [**Variable Option**](#variableoption_52b3611d-679e-440f-94d5-47070d391432)**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 Company Expenses and optional benefits available for an additional charge. Although your costs may be higher or lower, based on these assumptions, your costs would be**<sup>8</sup>**:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Years | Years | Years | Years |
|  | 1 | 3 | 5 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp; If you surrender your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) at the end of the <br> applicable time period:<br>|  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; $11942 | &nbsp;&nbsp;&nbsp;&nbsp; $23778 | &nbsp;&nbsp;&nbsp;&nbsp; $35139 | &nbsp;&nbsp;&nbsp;&nbsp; $65977 |
| &nbsp;&nbsp;&nbsp;&nbsp; If you annuitize your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) at the end of the <br> applicable time period:<br>|  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; $11942 | &nbsp;&nbsp;&nbsp;&nbsp; $23778 | &nbsp;&nbsp;&nbsp;&nbsp; $31817 | &nbsp;&nbsp;&nbsp;&nbsp; $65977 |
| If you do not surrender your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e): |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; $5686 | &nbsp;&nbsp;&nbsp;&nbsp; $18588 | &nbsp;&nbsp;&nbsp;&nbsp; $31817 | &nbsp;&nbsp;&nbsp;&nbsp; $65977 |

---

<sup>8</sup>

For this example, the following assumptions are used: 2.50% optional benefit charge, 1.25% mortality and expense risk charge and [Portfolio](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e)operating expense of 2.575%.

**15**

------

Appendix A: Investment Options Available Under the Contract

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

The following is a list of [Portfolio](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e) Companies available under the [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e). More information about the [Portfolio](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e)Companies is available in the prospectuses for the [Portfolio](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e), which may be amended from time to time and can be found online at dfinview.com/Thrivent/RetirementChoice. You can also request this information at no cost by calling (800) 847-4836 or by sending an email request to mail@thrivent.com. If you have elected the GLWB Rider, certain investment restrictions will apply. See "Appendix B: Investment Options Available Under a Contract with GLWB Rider" for information regarding the allocation restrictions associated with this optional benefit.

The current expenses and performance information below reflects fees and expenses of the [Portfolio](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e) Companies, but do not reflect the other fees and expenses that your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e) may charge. Expenses would be higher and performance would be lower if these charges were included. Each [Portfolio](#portfolio_0fc4dee9-b49b-41f5-adb9-2bf3ff00611e) Company's past performance is not necessarily an indication of future performance.

---

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

---

**16**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **AVERAGE ANNUAL TOTAL** <br> **RETURNS** <br> (as of 12/31/25) | **AVERAGE ANNUAL TOTAL** <br> **RETURNS** <br> (as of 12/31/25) | **AVERAGE ANNUAL TOTAL** <br> **RETURNS** <br> (as of 12/31/25) |
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **1 YEAR** | **5 YEAR** | **10 YEAR** |
| Large Growth | **Janus Henderson VIT Forty Portfolio - Service Class;** <br> Janus Henderson Investors, US LLC<br>| 0.87% | 17.86% | 11.37% | 15.96% |
| &nbsp;&nbsp; Intermediate <br> Core Bond<br>| **John Hancock VIT Core Bond Trust Portfolio - Series** <br> **II;** John Hancock Variable Trust Advisers LLC (Allspring <br> Global Investments, LLC)<br>| 0.87%<sup>1</sup> <br>| 6.77% | -0.78% | 1.70% |
| &nbsp;&nbsp; Foreign <br> Small/Mid <br> Blend<br>| **John Hancock VIT International Small Company Trust** <br> **Portfolio - Series II;** John Hancock Variable Trust <br> Advisers LLC (Dimensional Fund Advisors LP)<br>| 1.26%<sup>1</sup> <br>| 34.67% | 7.77% | 7.57% |
| &nbsp;&nbsp; Multisector <br> Bond<br>| **John Hancock VIT Strategic Income Opportunities** <br> **Trust Portfolio - Series II;** John Hancock Variable Trust <br> Advisers LLC [Manulife Investment Management (US) <br> LLC]<br>| 0.99%<sup>1</sup> <br>| 7.22% | 1.34% | 3.00% |
| Large Blend | **MFS® VIT II Core Equity Portfolio - Service Class** | 1.03%<sup>1</sup> <br>| 12.22% | 11.26% | 13.53% |
| Technology | **MFS® VIT II Technology Portfolio - Service Class** | 1.07%<sup>1</sup> <br>| 16.28% | 12.17% | 18.35% |
| &nbsp;&nbsp; Global Real <br> Estate<br>| **MFS® VIT III Global Real Estate Portfolio - Service** <br> **Class**<br>| 1.15%<sup>1</sup> <br>| 3.30% | 1.08% | 4.76% |
| &nbsp;&nbsp; Mid-Cap <br> Value<br>| **MFS® VIT III Mid Cap Value Portfolio - Service Class** | 1.04%<sup>1</sup> <br>| 5.75% | 9.90% | 9.69% |
| Small Growth | **MFS® VIT New Discovery Series Portfolio - Service** <br> **Class**<br>| 1.12%<sup>1</sup> <br>| 12.56% | -0.54% | 10.46% |
| Large Value | **MFS® VIT Value Series Portfolio - Service Class** | 0.94%<sup>1</sup> <br>| 12.77% | 9.69% | 9.77% |
| &nbsp;&nbsp; Emerging <br> Markets Bond<br>| **PIMCO VIT Emerging Markets Bond Portfolio - Advisor** <br> **Class**<br>| 1.27% | 14.86% | 2.34% | 4.96% |
| Global Bond | **PIMCO VIT Global Bond Opportunitites Portfolio** <br> **(Unhedged) - Advisor Class**<br>| 1.25% | 12.76% | 0.07% | 2.36% |
| &nbsp;&nbsp; Long <br> Government<br>| **PIMCO VIT Long-Term US Government Portfolio -** <br> **Advisor Class**<br>| 2.575% | 6.04% | -6.91% | -0.09% |
| &nbsp;&nbsp; Inflation- <br> Protected <br> Bond<br>| **PIMCO VIT Real Return Portfolio - Advisor Class** | 1.49% | 7.74% | 1.11% | 3.11% |
| Large Blend | **Principal VC Capital Appreciation Portfolio - Class 2;** <br> Principal Global Investors, LLC<br>| 0.88% | 13.22% | 13.53% | 14.07% |
| Large Value | **Principal VC Equity Income Portfolio - Class 2;** <br> Principal Global Investors, LLC<br>| 0.73% | 15.25% | 9.94% | 11.24% |
| &nbsp;&nbsp; Foreign Large <br> Value<br>| **Putnam VT International Value Portfolio - Class IB;** <br> Putnam Investment Management, LLC<br>| 1.06% | 34.68% | 12.49% | 8.86% |
| Large Blend | **Putnam VT U.S. Research Portfolio**<sup>4</sup> **- Class IB;** Putnam <br> Investment Management, LLC<br>| 0.93% | 17.88% | 14.52% | 15.07% |
| Global Bond | **Templeton Global Bond VIP - Class 2;** Franklin Advisers, <br> Inc.<br>| 0.75%<sup>1</sup> <br>| 15.73% | -0.96% | -0.15% |
| &nbsp;&nbsp; Aggressive <br> Allocation<br>| **Thrivent Aggressive Allocation Portfolio** | 0.85%<sup>1</sup> <br>| 15.81% | 9.61% | 11.26% |
| Large Blend | **Thrivent All Cap Portfolio** | 0.66% | 18.05% | 11.90% | 12.43% |
| &nbsp;&nbsp; Conservative <br> Allocation<br>| **Thrivent Conservative Allocation Portfolio** | 0.50% | 10.17% | 4.03% | 5.42% |
| &nbsp;&nbsp; Moderately <br> Conservative <br> Allocation<br>| **Thrivent Dynamic Allocation Portfolio** | 0.68% | 12.62% | 5.92% | 6.84% |
| &nbsp;&nbsp; Diversified <br> Emerging <br> Mkts<br>| **Thrivent Emerging Markets Equity Portfolio** | 1.15%<sup>1</sup> <br>| 32.20% | 2.10% | 7.47% |

---

**17**

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **AVERAGE ANNUAL TOTAL** <br> **RETURNS** <br> (as of 12/31/25) | **AVERAGE ANNUAL TOTAL** <br> **RETURNS** <br> (as of 12/31/25) | **AVERAGE ANNUAL TOTAL** <br> **RETURNS** <br> (as of 12/31/25) |
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO COMPANY;** ADVISER (SUBADVISER) | **CURRENT** <br> **EXPENSES** | **1 YEAR** | **5 YEAR** | **10 YEAR** |
| Large Blend | **Thrivent ESG Index Portfolio** | 0.36%<sup>1</sup> <br>| 17.78% | 13.56% | N/A<sup>3</sup> <br>|
| &nbsp;&nbsp; Global <br> Large-Stock <br> Blend<br>| **Thrivent Global Stock Portfolio** | 0.60% | 20.82% | 10.69% | 10.67% |
| &nbsp;&nbsp; Intermediate <br> Government<br>| **Thrivent Government Bond Portfolio** | 0.49% | 7.32% | 0.01% | 1.74% |
| Health | **Thrivent Healthcare Portfolio** | 0.92% | 13.07% | 4.62% | 7.37% |
| &nbsp;&nbsp; High Yield <br> Bond<br>| **Thrivent High Yield Portfolio** | 0.45% | 8.78% | 4.06% | 5.32% |
| &nbsp;&nbsp; Corporate <br> Bond<br>| **Thrivent Income Portfolio** | 0.44% | 7.93% | 0.38% | 3.60% |
| &nbsp;&nbsp; Foreign Large <br> Blend<br>| **Thrivent International Equity Portfolio** | 0.72% | 30.87% | 8.54% | 7.41% |
| &nbsp;&nbsp; Foreign Large <br> Blend<br>| **Thrivent International Index Portfolio** | 0.37% | 31.15% | 8.61% | N/A<sup>3</sup> <br>|
| Large Growth | **Thrivent Large Cap Growth Portfolio** | 0.43% | 16.95% | 12.89% | 16.35% |
| Large Blend | **Thrivent Large Cap Index Portfolio** | 0.22% | 17.62% | 14.17% | 14.54% |
| Large Value | **Thrivent Large Cap Value Portfolio** | 0.62% | 19.65% | 13.96% | 12.16% |
| &nbsp;&nbsp; Mid-Cap <br> Growth<br>| **Thrivent Mid Cap Growth Portfolio** | 0.89%<sup>1</sup> <br>| 2.50% | 1.10% | N/A<sup>3</sup> <br>|
| &nbsp;&nbsp; Mid-Cap <br> Blend<br>| **Thrivent Mid Cap Index Portfolio** | 0.25% | 7.23% | 8.86% | 10.46% |
| &nbsp;&nbsp; Mid-Cap <br> Blend<br>| **Thrivent Mid Cap Stock Portfolio** | 0.66% | 4.73% | 6.86% | 11.30% |
| &nbsp;&nbsp; Mid-Cap <br> Value<br>| **Thrivent Mid Cap Value Portfolio** | 0.87%<sup>1</sup> <br>| 10.82% | 11.31% | N/A<sup>3</sup> <br>|
| &nbsp;&nbsp; Moderate <br> Allocation<br>| **Thrivent Moderate Allocation Portfolio** | 0.70%<sup>1</sup> <br>| 13.63% | 7.13% | 8.38% |
| &nbsp;&nbsp; Moderately <br> Aggressive <br> Allocation<br>| **Thrivent Moderately Aggressive Allocation Portfolio** | 0.76%<sup>1</sup> <br>| 15.46% | 8.30% | 9.69% |
| &nbsp;&nbsp; Moderately <br> Conservative <br> Allocation<br>| **Thrivent Moderately Conservative Allocation Portfolio** | 0.65%<sup>1</sup> <br>| 12.10% | 4.49% | 6.04% |
| &nbsp;&nbsp; Money <br> Market - <br> Taxable<br>| **Thrivent Money Market Portfolio** | 0.31% | 4.06% | 3.05% | 1.93% |
| &nbsp;&nbsp; Multisector <br> Bond<br>| **Thrivent Multisector Bond Portfolio** | 0.74% | 7.93% | 2.43% | 3.47% |
| Real Estate | **Thrivent Real Estate Securities Portfolio** | 0.90% | 0.67% | 3.89% | 4.68% |
| &nbsp;&nbsp; Short-Term <br> Bond<br>| **Thrivent Short-Term Bond Portfolio** | 0.45% | 6.06% | 2.75% | 2.89% |
| Small Growth | **Thrivent Small Cap Growth Portfolio** | 0.94%<sup>1</sup> <br>| 1.87% | 1.37% | N/A<sup>2</sup> <br>|
| Small Blend | **Thrivent Small Cap Index Portfolio** | 0.24% | 5.80% | 7.06% | 9.57% |
| Small Blend | **Thrivent Small Cap Stock Portfolio** | 0.70% | 2.45% | 7.50% | 11.93% |

---

<sup>1</sup>

Current expenses reflect temporary fee reductions.

<sup>2</sup>

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

<sup>3</sup>

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

<sup>4</sup>

Formerly known as Putnam VT Research Portfolio

**18**

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

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

Premiums and [Accumulated Value](#accumulatedvalue_05662365-9a58-4d3c-8970-393b77dcc411) may be allocated to or transferred to the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291). We reserve the right to limit allocations or transfers to the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291). The amount transferred from the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291) in any [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324) may not exceed the greater of $500 or 25% of the [Accumulated Value](#accumulatedvaule_65159547-118f-4b85-a026-9804d1019a76) in the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291), excluding any [Accumulated Value](#accumulatedvaule_65159547-118f-4b85-a026-9804d1019a76) in the DCA Fixed Account, at the time the first transfer is made in that [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324).

Amounts held in the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291) are invested with our General Account. The interest rates for amounts in the [Fixed](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291)Account depend on the date of allocation or transfer to the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291). We guarantee that the initial interest rate for each amount allocated or transferred to the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291) will be effective for at least twelve months, and subsequent interest rates will not be changed more often than once every twelve months. The effective annual interest rate will never be less than the Fixed Account Guaranteed Minimum Interest Rate shown in your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e). At our discretion, we may credit interest in excess of the guaranteed interest rate.

For the current interest rate, please call our [Service Center](#servicecenter_6c1e07c4-a1b2-4c36-ba1d-c41911fa5fa5) at 1-800-847-4836. The date of allocation or transfer is the date that interest begins to accrue. Interest is compounded daily. Interest guarantees are subject to Thrivent's claims-paying ability.

---

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

---

**19**

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

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

The Asset Allocation Option requires 100% allocation among the available [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da)s and there are no restrictions on the percentage you may allocate into each [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da).

The Custom Option has five different groups with a specified minimum or maximum percentage of premium or Accumulated Value that can be allocated to each group. You select the percentages of premium or Accumulated Value to allocate to [Subaccount](#subaccount_cf4e3787-7e4a-43fc-bceb-dddbea4811da)s within each group. Each option is also subject to automatic quarterly asset rebalancing. <br>

---

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

---

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

---

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

---

**20**

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GLWB RIDER**<br> **Custom Allocation Option** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GLWB RIDER**<br> **Custom Allocation Option** |
| **ALLOCATION OPTIONS** | **REQUIRED ALLOCATION PERCENTAGES** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Group 3**<br> American Funds IS® Global Growth Portfolio<br> American Funds IS® Growth-Income Portfolio<br> American Funds IS® International Growth and Income Portfolio<br> American Funds IS® International Portfolio<br> Fidelity® VIP Value Portfolio<br> Fidelity® VIP International Capital Appreciation Portfolio<br> Janus Henderson VIT Enterprise Portfolio<br> Janus Henderson VIT Forty Portfolio<br> MFS® VIT II Core Equity Portfolio<br> MFS® VIT III Mid Cap Value Portfolio<br> MFS® VIT Value Series Portfolio<br> Principal Capital Appreciation Portfolio<br> Principal VC Equity Income Portfolio<br> Putnam VT International Value Portfolio<br> Putnam VT U.S. Research Portfolio<sup>2</sup> <br>Thrivent Aggressive Allocation Portfolio<br> Thrivent All Cap Portfolio <br> Thrivent Conservative Allocation Portfolio<br> Thrivent Dynamic Allocation Portfolio<br> Thrivent ESG Index Portfolio <br> Thrivent Global Stock Portfolio <br> Thrivent International Equity Portfolio<br> Thrivent International Index Portfolio<br> Thrivent Large Cap Growth Portfolio<br> Thrivent Large Cap Index Portfolio<br> Thrivent Large Cap Value Portfolio<br> Thrivent Mid Cap Growth Portfolio<br> Thrivent Mid Cap Index Portfolio<br> Thrivent Mid Cap Stock Portfolio<br> Thrivent Mid Cap Value Portfolio<br> Thrivent Moderate Allocation Portfolio<br> Thrivent Moderately Aggressive Allocation Portfolio <br> Thrivent Moderately Conservative Allocation Portfolio<br> Thrivent Multisector Bond Portfolio<br>| See GLWB Rate Sheet |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Group 4**<br> Franklin Small Cap Value VIP Portfolio<br> Goldman Sachs VIT Small Cap Equity Insights Portfolio<br> John Hancock VIT International Small Company Trust Portfolio<br> MFS® VIT New Discovery Series Portfolio<br> Thrivent Small Cap Growth Portfolio <br> Thrivent Small Cap Index Portfolio <br> Thrivent Small Cap Stock Portfolio<br>| See GLWB Rate Sheet |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Group 5**<br> Fidelity® VIP Emerging Markets Portfolio<br> Fidelity® VIP Energy Portfolio<br> MFS® VIT II Technology Portfolio<br> MFS® VIT III Global Real Estate Portfolio<br> PIMCO VIT Emerging Markets Bond Portfolio<br> Thrivent Emerging Markets Equity Portfolio<br> Thrivent Healthcare Portfolio<br> Thrivent Real Estate Securities Portfolio<br>| See GLWB Rate Sheet |

---

**21**

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<sup>1</sup> Amounts held in the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291) are invested with our General Account. The interest rates for amounts in the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291) depend on the date of allocation or transfer to the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291). We guarantee that the initial interest rate for each amount allocated or transferred to the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291) will be effective for at least twelve months, and subsequent interest rates will not be changed more often than once every twelve months. The effective annual interest rate will never be less than the Fixed Account Guaranteed Minimum Interest Rate shown in your [Contract](#contract_f9f87fe9-ec35-42a6-9218-29199e0b2b6e). At our discretion, we may credit interest in excess of the guaranteed interest rate. For the current interest rate, please call our [Service Center](#servicecenter_6c1e07c4-a1b2-4c36-ba1d-c41911fa5fa5) at 1-800-847-4836. The date of allocation or transfer is the date that interest begins to accrue. Interest is compounded daily. Interest guarantees are subject to Thrivent's claims-paying ability. The amount transferred from the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291) in any [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324) may not exceed the greater of $500 or 25% of the [Accumulated Value](#accumulatedvaule_65159547-118f-4b85-a026-9804d1019a76) in the [Fixed Account](#fixedaccount_2e3dcc52-cb44-46ef-96ba-c55ff4101291) at the time the first transfer is made in that [Contract Year](#contractyear_cc4cfc4d-2c1a-4e24-a9b0-31a320cdd324).

---

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

---

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

**22**

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[This Page Intentionally Left Blank]

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![](g37936thriventballard.jpg)

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

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

For a free paper copy of the SAI, to request other information about the 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 #ICC20 W-BZ-FPVA and state variations

EDGAR Contract No.C000220060 32066SPR R4-26

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