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The total value of the Contract. Accumulated Value equals the sum of the
Subaccounts, the Fixed Accounts, and the Loan Account. |
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Benefits provided by riders, if any, included as part of the Contract. |
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The person(s) named by the Contract Owner to receive the Death Proceeds
under the Contract. A Beneficiary need not be a natural person. |
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The Accumulated Value of the Contract less any applicable Decrease Charges;
outstanding Debt; and any unpaid monthly deductions. |
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The flexible premium variable adjustable life insurance (Thrivent Financial
Accumulation Variable Universal Life) offered by us (Thrivent) and
described in this summary prospectus. The entire Contract consists of
the Contract, any Additional Benefits, amendments, endorsements,
Application and our Articles of Incorporation and Bylaws.
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The same month and day of each year after issue as in the Date of Issue.
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The latest of the (1) Date of Issue; (2) the date we receive in Good Order the
first premium payment at our Service Center; or (3) the date we approve
this Contract to be issued. |
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The 12-month period following the Date of Issue or a Contract Anniversary. The
Contract Year is always based upon the time elapsed since the Date of
Issue. |
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The date when we issue the Contract. This date will be specified in the Contract
and may be different from the Contract Date. The Date of Issue is the
date as of which we begin to apply deductions from your Accumulated
Value. |
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The amount of the benefit that provides the basis for the Death Proceeds
calculation. The Death Benefit on any day depends upon the Death Benefit
Option in effect on that day. |
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Either of the two methods used to determine the Death Benefit. The option is
selected in the Application and may be changed any time prior to
Attained Age 121. |
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The amount paid upon the death of the Insured. The amount is paid to the
Beneficiary(ies) designated by the Contract Owner. |
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All unpaid Contract loans plus accrued interest. |
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A Decrease Charge compensates us for expenses associated with
underwriting, issuing and distributing the Contract. The charge applies to
decreases in the Face Amount or partial surrenders that result in a
decrease in Face Amount during the first 10 Contract Years (or
first 10 years following an increase in the Face Amount on the increased
amount). We deduct the amount of the Decrease Charge at the time of the
reduction Face Amount or surrender. |
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The amount of life insurance provided by the Contract exclusive of any
Additional Benefits. The Face Amount on the Date of Issue is the Initial Face
Amount. Increases or decreases in Face Amount will be shown on
supplemental Contract schedule pages that we will send to you. |
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Amounts held in the Fixed Account and DCA Fixed Account. |
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Thrivent Series Fund, Inc., an open-end management investment company, that
consists of several Portfolios that underlie Subaccounts of the Variable
Account. |
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The person on whose life the Contract is issued. |
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When you obtain a loan, Accumulated Value equal to the amount of the loan is taken from the Subaccounts and moved to a Loan Account. Amounts transferred to the Loan Account are invested with our General Account assets. The Loan Account is equal to the amount transferred from any Subaccount, and/or Fixed Accounts to secure the loan less Accumulated Value transferred from the Loan Account to a Subaccount and the Fixed Accounts as a result of repayment of Debt plus the amount by which the accrued interest charged exceeds the amount of interest credited. |
