We investigated the influence of terbium and thulium trivalent rare-earth (RE) ions co-doping on the luminescent properties enhancement of LiMgPO₄ (LMP) crystal host. The studied crystals were grown from the melt by micro-pulling-down (MPD) technique. Luminescent properties of the obtained crystals were investigated by thermoluminescence (TL) method. The most favorable properties and the highest luminescence enhancement were measured for Tb and Tm double doped crystals. A similar luminescence level can be also obtained for Tm, B co-doped samples. In this case, however, the low-temperature TL components have a significant contribution. The measured luminescent spectra showed a typical emission of Tb³⁺ and Tm³⁺ ions of an opposite trapping nature, namely the holes and electron-trapping sites, respectively. The most prominent transitions of ⁵D₄ → ⁷F₃ (550 nm for Tb³⁺) and ¹D₂ → ³F₄ (450 nm for Tm³⁺) were observed. It was also found that Tb³⁺ and Tm³⁺ emissions show temperature dependence in the case of double doped LMP crystal sample, which was not visible in the case of the samples doped with a single RE dopant. At a low temperature range (up to around 290 °C) Tm³⁺ emission was dominant. At higher temperatures, the electrons occupying Tm³⁺ sites started to be released giving rise to emissions from Tb-related recombination centers, and emissions from Tm³⁺ centers simultaneously decreased. At the highest temperatures, emission took place from Tb³⁺ recombination centers, but only from deeper ⁵D₄ level-related traps which had not been emptied at a lower temperature range.