Thrivent Choice
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Program Details
According to Thrivent.com, “Last year, Thrivent Financial for Lutherans provided more than $100 million to help congregations, communities and individuals in need.” By choosing ILT to receive your Choice Dollars® you are helping prepare the next generation of faithful Lutheran preachers and teachers.
Make ILT your choice quarterly or annually. It’s easy!
• Direct Choice Dollars online at www.thrivent.com/thriventchoice/
• Or, call 800-THRIVENT (800-847-4836) and state “Thrivent Choice.”
Quarterly
You can instruct Thrivent in January, April, July and October as to where you would like your funds to be directed. Thrivent does not automatically send the funds out, you must remake the request annually or quarterly in order to assure that your funds are being distributed in accordance to your wishes.
Annually
Funds are distributed in January, after they have accumulated for the year. Deadline annually is March 31st.
Eligibility Requirements
According to Thrivent.com, “To be eligible to participate in Choice Dollars®, you must be a benefit member age 16 or older. Individual eligibility is also based on:
- Holding a Thrivent Financial volunteer leadership position
- Having $800 or more in annual premiums of qualifying insurance products
- Having $20,000 or more in contract value of qualifying products.
Amount of Choice Dollars® Designated to You
- $2.50 Choice Dollars® per $100 of annual premium on qualifying insurance products is designated monthly based upon the premium payments you made in the prior month.
- $1.25 Choice Dollars® per $1,000 of contract value of qualifying products is designated on a quarterly basis. 25% of this amount will be designated to you each calendar quarter based upon the actual contract value at the end of the quarter.
- $50 Choice Dollars® for holding a qualifying Thrivent Financial volunteer leadership position is designated once each year.”