What Are Some Special Features of Thrivent Life Insurance?


Quick Answer

Thrivent Financial is a financial services company that offers life insurance, among other services; Thrivent is considered a fraternal benefit society, and it has a special focus on serving individuals belonging to the Lutheran faith. A member-owned organization, Thrivent has a mission statement that is deeply steeped in the organization's commitment to religious faith, according to the Thrivent website. The company's life insurance policies, which include term, whole and universal policies, are much like many other companies' life insurance policies; the religious focus and member-owned nature of the institution can be considered unique special features.

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Full Answer

As a financial institution, Thrivent is involved with social action and is classified as a not-for-profit organization, which sets the company apart from many other insurers. Policyholders are considered members of the organization, and members can choose specific charitable causes for the organization to donate time and money to, notes Thrivent.

Thrivent is also considered a financially strong organization, states Credio. This may be considered a special feature. Other unique aspects of Thrivent as an institution include its status as a Fortune-500-ranked financial services company. Primarily, though, it is Thrivent's strict focus on religion and its explicit incorporation of spirituality into its mission that sets the company apart.

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