The RiverSource Life Insurance Company is a solid company with 110 years of history. RiverSource Life is the primary insurance subsidiary of Ameriprise Financial, Inc. The RiverSource Life Insurance Company was recently named one of Wards Top 50 Life Insurance Producers of 2009.
The Company is headquartered in Minneapolis, MN
As of March 2009 Ameriprise Financial held more than $5.8 billion in cash and cash equivalents to provide liquidity for its operations.
According To the Company
Life insurance helps provide financial security to your family or others important to you. When structured properly, your beneficiaries will receive an income tax-free death benefit. The company suggests you can choose from several different types of life insurance. Term insurance provides protection for a specific period of time, often one or more years. It pays a benefit only if you die during the specified term.
Permanent insurance can provide lifelong protection. As long as you pay adequate premiums and do not allow the policy to lapse, the policy will remain in force, and your beneficiaries will receive the death benefit. In addition, permanent life insurance policies have the potential to accumulate cash value.
RiverSource wants insurance consumer to know that life insurance can:
Help ensure survivor income. Life insurance is an effective way to help ensure the financial security of your beneficiaries in the event of sudden and unexpected loss of life.
Earn retirement income. In addition to a death benefit, some life insurance policies build cash value for future goals, such as retiremen
Transfer wealth. When you use legacy assets to purchase a life insurance policy, you immediately secure a death benefit amount higher than the amount of premiums paid.
Plan your estate. Life insurance proceeds can help replace the amount of the legacy that is lost due to taxes.
