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RiverSource Life Insurance
Protect your dreams.
Whether you are just starting out, are established or are in retirement, it's likely you have dreams for the future. Whatever those dreams may be, life insurance can provide extra financial security to help you — you and those who matter most to you — in reaching them.
The benefits of life insurance.
Life insurance can help you:
- Maintain financial security and protect those most important to you. You can have the added confidence that comes from knowing that you have helped to protect your family against financial hardship if you are no longer there to help provide for them.
- Transfer your money to whom you want, when you want, the way you want. Once you've assigned your beneficiaries, you know they'll receive the payment.
- Transfer your assets income-tax free and avoid probate. Your beneficiaries pay no income taxes and, in some cases, no estate taxes on your life insurance death benefits. Plus, many plans also let you accumulate tax-deferred dollars (assuming the policy does not lapse).
- Make charitable donations to an accredited organization of your choice. You can make a contribution to a group you care about and whose mission you want to support. With policies that include the RiverSource Charitable Giving Benefit, you can do so at no additional cost to you or your beneficiaries.
- Preserve your wealth. Certain types of life insurance help you plan for your lifetime needs without concerns about stock market fluctuations. Such plans can help you add diversity to your financial plan and moderate your risk as an investor.
- Build cash value for future use.1 Some life insurance offers the opportunity to build cash value. You can use the cash value for emergencies or future goals, such as education funding and retirement income. So you have an additional source of funds when you need it most.
Term insurance
Term insurance is the simplest type of life insurance.
Permanent insurance
With permanent insurance, your premium helps build cash value and earns interest over time.
Applying for coverage... what you should know
1 Please note that excessive use of the cash value via withdrawals or loans can deplete the cash value and cause the policy to lapse.