Press Release

RiverSource Succession Protector^SM Universal Life Introduced by RiverSource Life Insurance Company

New Survivorship Universal Life Insurance Product Helps Enhance Legacy Planning, Equalize Inheritances and Protect Against Estate and Income Taxes

MINNEAPOLIS – January 30, 2007 – RiverSource Life Insurance Company, a subsidiary of Ameriprise Financial (NYSE:AMP), today launched RiverSource Succession ProtectorSM , a powerful new financial solution for helping manage the estate planning and wealth transfer goals of affluent older Americans.

As a survivorship universal life insurance policy, Succession Protector insures two lives and pays out at the second death. Beneficiaries receive tax-free life insurance proceeds without going through the time and cost of probate. Proceeds can help combat the impact of income and estate taxes, which can significantly erode sizeable retirement account balances and the value of one's estate.

Mark Schwarzmann, president of Insurance, Annuities and Product Distribution at Ameriprise Financial said, "We created this new life insurance product to help couples protect the legacy they have created together. It provides them with a financial strategy that can help ensure that their success will live on for succeeding generations, by preserving assets for heirs, providing for a charity, or help protect the interests of a family-owned business."

Succession Protector provides the following insurance and legacy planning benefits:

• Helps increase a financial legacy or create a legacy that wasn't there before.
• Provides a guaranteed death benefit no matter how one's health may change, as long as required premiums are paid. Premiums will not increase as long as they are paid in full and on time.
• Insurance proceeds are paid directly to beneficiaries – in a lump sum or through a choice of payments options, avoiding probate costs and delays, and if properly structured, the high costs of estate tax settlement.
• Provides funds for beneficiaries to help pay estate taxes or other costs associated with inheriting valuable assets and can help equalize inheritances by providing a way for children to share equally in one's estate, even if the wealth is tied up in major assets such as real estate.

"Succession Protector is designed for financially secure people who are in or near retirement and who have already taken care of their individual life insurance needs," added Schwarzmann. "By working together with a financial advisor, Succession Protector can be used as a valuable financial tool to help protect their success and their dream of passing it on."

Succession Protector is the newest life insurance product available in an extensive offering of innovative and flexible life, annuity and disability income insurance products issued by RiverSource Life Insurance Company.

Succession Protector is also available in the Estate Series version, which provides a death benefit of $2 million or greater. Under the Estate Series version, individuals can enhance their legacy at no additional cost, by electing the Charitable Giving Benefit. The Charitable Giving Benefit will make a donation in the name of the policyholders at the second death to an accredited charitable organization of their choice. The designated charity receives 1% of the total death benefit proceeds, up to a maximum of $100,000, from RiverSource Life Insurance Company.

Any changes to a policy, such as loans or withdrawals, can reduce the death benefit, may cause the policy to lapse, or may reduce the length of or negate the guarantee.

RiverSource Distributors, Inc., Member FINRA. Insurance and annuity products are issued by RiverSource Life Insurance Company, an affiliate of Ameriprise Financial Services, Inc., and in New York, by RiverSource Life Insurance Co. of New York, Albany New York. Of the two entities, only RiverSource Life Insurance Co. of New York is authorized to sell insurance and annuities in New York.

Ameriprise Financial, Inc. is a leading financial planning and services company that provides solutions for clients' asset accumulation, income management and insurance protection needs. Through a nationwide network of more than 10,000 financial advisors, Ameriprise Financial delivers tailored solutions to clients through a comprehensive and personalized financial planning approach built on a long-term relationship with a knowledgeable advisor. The company specializes in meeting the retirement-related financial needs of the mass affluent and affluent. For more information about our services and providers, visit www.ameriprise.com.

RiverSource Insurance products are sold through the personal advisors of Ameriprise Financial (NYSE:AMP).

All guarantees are provided by the continued claims-paying ability of RiverSource Life Insurance Company. This is not an offer for insurance; proof of insurability must be made before coverage will be issued.

RiverSource Succession Protector is not available in all states.

©2007 Ameriprise Financial, Inc. All rights reserved.

Media Contacts

Benjamin Pratt
Vice President, External Communications
(612) 678-5881
(612) 671-5112 (fax)
benjamin.j.pratt@ampf.com

For RiverSource Investments, Institutional Advisors, Insurance and Annuities

Ryan Lund
Director, Media Relations
(612) 671-3459
(612) 671-5112 (fax)
ryan.s.lund@ampf.com

For RiverSource Insurance and Annuities

Todd Wold
Manager, Media Relations
(612) 671-6583
(612) 671-5112 (fax)
todd.wold@ampf.com