RiverSource® Income Protection and Income Protection Plus Overview
So you can focus on your recovery and those who matter most to you
RiverSource offers a choice of two disability income insurance products
to help ensure you have the right amount and type of coverage based
on your occupation:
- RiverSource Income
Protection provides a benefit if a long-term illness or
injury prevents you from working in your current occupation and
you are not working in another occupation. There is also a policy
option that includes partial disability benefit if your income
is reduced due to disability.
- RiverSource Income
Protection Plus provides a benefit if a disability prevents
you from working in your current occupation, even if you are able
to work in another occupation. You can receive partial benefits
if you are unable to return to your current occupation full time.
Both policies offer:
- An income tax-free monthly benefit that can help
you cover daily expenses, maintain your lifestyle and continue to
save toward your future goals.
- Guaranteed coverage up to age 65, as
long as premiums are paid. Your coverage remains in place when you
are changing jobs or during periods of unemployment.
- No changes to your coverage without your consent while
you own your policy. We cannot increase the premium, add any restrictive
riders or endorsements, amend or reduce your coverage because you
move to a more hazardous occupation.
- Coverage for bonuses and commissions so you can
protect more of your actual earnings, not just your base salary.
All guarantees are based on the continued claims-paying ability of
the issuing company.
Also, both policies allow you to:
- Select the waiting period, benefit amount and benefit period (up
to age 67 in some cases) to help ensure you receive a benefit when
you need it most.
- Choose optional riders that may help your benefit
keep pace with wage and cost-of-living increases:
- Future Purchase Option — Enables you
to annually increase your benefit to help it stay in line with
your needs, if a claim has not been filed.
- Cost of Living Adjustment Rider — Provides
annual increases to your monthly benefit amount after a claim
has been filed. It also may allow you to purchase the increased
coverage amount after you return to work.
Important Income Protection and Income Protection Plus Download
RiverSource Distributors, Inc. (Distributor), Member FINRA. Insurance and annuity products are issued by RiverSource Life Insurance Company and in New York, by RiverSource Life Insurance Co. of New York, Albany, New York. These companies are affiliated with Ameriprise Financial Services, Inc. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance and annuities in New York.