Partner Presidential Plus life insurance from Thrivent Financial for Lutherans is permanent life insurance that insures two people under one contract. The insurance proceeds are paid at the death of the first insured to die. Based on the premium you wish to pay, you can choose the mix of Whole Life (called Base) and Additional Protection that is best suited to your needs.

Partner Presidential Plus offers:

• Guaranteed level death benefit provided by the Base
  You'll know how much of your death benefit is guaranteed for your beneficiaries.
• Guaranteed level premiums for the Base
  You know in advance exactly how much you'll have to pay for the Base.
• Guaranteed cash value for the Base
  You know what your guaranteed cash value for the Base will be at any point in the future. The guaranteed cash value increases steadily year by year. Under current tax law, you pay no income tax on the cash value growth inside your contract. You can access your cash value with a contract loan. (A loan will decrease your death benefit and your cash surrender value, and can potentially cause your contract to lapse. Loans may also affect your dividends. Interest is charged on a loan, and the interest is not tax deductible.)
• Dividend distribution as earned by the Base
  You participate in Thrivent Financial's dividend distribution. (Dividends are not guaranteed.) This product is designed so that your dividends will be used to pay for the portion of your life insurance coverage in excess of the Base.
• Choice
  You choose the premium by selecting the mix of Whole Life Insurance and Additional Protection that is best for the two of you.

In addition, Partner Presidential Plus include the following benefits:

• Exchange Option
  With Partner Presidential Plus, you have two exchange options available through age 85:
  1. You can exchange the contract for an individual permanent life insurance contract on the life of one of the insureds. The face amount of the individual contract cannot exceed the Base plus Additional Protection provided by the Partner Presidential Plus contract.
  2. You can exchange the contract for two individual permanent life insurance contracts, each covering one of the insureds. The sum of the face amounts of the new contracts cannot exceed the Base plus Additional Protection provided by the Partner Presidential Plus contract.

• Survivor Purchase Option
  The surviving insured is guaranteed the right to purchase an individual life insurance contract, regardless of health (within 90 days of the first death). This right is available for the surviving insured through age 85.
• Survivor Insurance Benefit
  If the surviving insured dies within 90 days of the death of the first insured to die, Thrivent Financial will pay an additional Survivor Insurance Benefit equal to the amount of Base plus Additional Protection. This benefit is available for the surviving insured through age 85 if the Survivor Purchase Option has not been exercised.

This information applies to First-to-Die Whole Life Insurance with Additional Protection contract form L3-FC-FTD-1 (97).

Contact your financial representative for costs and complete details of coverage. Like most insurance contracts, this contract has exclusions, limitations, reductions of benefits and terms under which the contract may be continued in force or discontinued.

Please note that neither Thrivent Financial for Lutherans nor any of its agents give legal or tax advice. The brief discussion of taxes in this section is neither complete nor necessarily up-to-date; the laws and regulations are complex and subject to change. A transfer of the contract, a change in the owner or change in the beneficiary may have tax consequences depending on the particular circumstances. For complete details, consult with your attorney or tax advisor. The description of benefits in this section is brief and does not constitute, in itself, a contract.

20318WI

R3-03