RiverSource Variable Universal Life IV provides protection for those who matter most to you. It also provides opportunities to accumulate cash value for future goals, such as funding college, supplementing retirement income and transferring wealth. It offers:
All guarantees are based on the continued claims paying ability of the issuing company and do not apply to the performance of the variable subaccounts, which will vary with market conditions.
*Certain riders may not be approved in all states and restrictions may apply. Speak to your financial professional for more information including rider availability.
If you have higher coverage needs, the Estate Series may benefit you. It offers all the benefits as Variable Universal Life IV, but it covers amounts of $1 million or more.
The Estate Series also includes a Charitable Giving Benefit, in approved states, that will provide a sizeable donation to an accredited charity of your choice without reducing the benefit to your heirs. The designated charity receives 1% of the total death benefit proceeds, up to a maximum of $100,000.
For example, if you purchased and held a $2 million policy until the time of your death, your beneficiaries would receive the full $2 million (assuming you had taken no loans from your policy). An additional $20,000 would be donated in your name to the charitable organization you selected.
| Investment Options & Asset Allocation | Choose from a wide range of investment options representing every major asset class from
well known fund families. Design your own portfolio or enroll in an advice-embedded solution. Find more information on investment options |
| Performance | For product performance please visit our Performance page |
| Prospectus | For a copy of the current product prospectus please visit our Prospectus page |
For more detail, please select the state in which you reside to review the three important documents below.
| Variable Universal Life IV product brochure | |
| Optional AdvanceSourceSM rider brochure | |
| AdvanceSource rider outline of coverage. |
Although loans are generally not taxable, there may be tax consequences if the policy lapses or is surrendered with a loan (even as part of a 1035 exchange). The taxable income from the surrender, 1035 exchange, or lapse of the policy may exceed the cash proceeds received from it. Withdrawals are generally taxable to the extent they exceed basis in the policy. If the policy is a modified endowment contract (MEC), pre-death distributions, including loans, from the policy are taxed on an income-first basis, and there may also be a 10% federal income tax penalty for distributions prior to age 59 1/2.
Withdrawals and loans can reduce the death benefit and cash value and may cause the policy to lapse.
Variable life insurance is a complex investment vehicle that is subject to market risk, including the potential loss of principal invested. Before you invest, be sure to ask your financial advisor about the variable life insurance policy's features, benefits, risks and fees, and whether the variable life insurance is appropriate for you, based on your financial situation and objectives.
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.