Learn More About Insurance
Introducing RiverSource
At RiverSource, we offer solutions to help you create a balanced financial strategy – one that considers what you need to protect and want to achieve. Backed by a heritage of financial stability, life insurance and disability income insurance from RiverSource Life Insurance Company and RiverSource Life Insurance Co. of New York can provide you with the growth and security you need to protect your dreams over a lifetime.
How we can help you
You've worked hard to achieve your current lifestyle and invest in future goals, such as retirement. In fact, your income may be the most important asset for you and your loved ones. Yet life can bring surprises.
What if you couldn't work or were no longer here? That's why you need protection. Life insurance and disability income insurance can help keep your dreams on track if you are no longer able to provide financial security for yourself and those who depend on you. A financial professional can help you review your needs and determine the appropriate type and right amount of coverage based on what's important to you.
Our solutions
Insurance is for a lifetime. As your financial priorities change at every life stage we offer protection solutions that fit your evolving needs and priorities. Through RiverSource® life and disability income insurance, you have access to a lifetime of solutions to help you protect income, grow assets, and give to loved ones or charity.
Life insurance
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.* It can be an important financial resource, helping to pay the mortgage, run the household or ensure your dependents aren't burdened by debt.
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, which may be available to meet other goals, such as charitable giving, estate, education and retirement planning.
*Generally the death benefit is income-tax free. For Income Protection Life a portion of the death benefit is taxable to the beneficiary.
Disability income insurance
Disability income insurance provides a financial safety net if a long-term illness or injury prevents you from working, enabling you to maintain your lifestyle and focus on your recovery. It can also help provide the resources you need to continue saving for and investing in your dreams, including retirement or education.
On its own or as an alternative or supplement to group long-term disability coverage, disability income insurance offers several key benefits:
- An income tax-free monthly benefit helps you maintain your lifestyle and meet your day-to-day needs without depleting savings.
- Coverage for bonuses and commissions helps you protect more of your actual earnings, not just base salary.
- Coverage when changing jobs or experiencing unemployment helps protect you during uncertain times.
Before you purchase, be sure to ask your financial advisor about the life insurance policy's features, benefits, risks and fees, and whether the life insurance is appropriate for you, based upon your financial situation and objectives. Variable life insurance is a complex investment vehicle that is subject to market risk, including the potential loss of principal invested.