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Permanent Life Insurance
If you want lifetime or long-term coverage, permanent insurance may be an ideal solution. In addition to protection, it offers you opportunities to build and access cash value and greater flexibility to adjust coverage to your changing needs.
How it works
With permanent insurance, part of your premium goes to a death benefit, while another part is invested. Those earnings grow tax deferred until you withdraw the money.
Benefits of permanent insurance
Permanent insurance offers:
- Income-tax-free and, in some cases, estate-tax-free death benefit to heirs
- Income-tax-free cash value growth opportunities
- Access to cash value for emergencies and goals, such as education and retirement
- Flexibility to adjust future premiums and coverage amounts1
RiverSource offers the following types of permanent — or cash value — insurance:
Permanent Life Insurance
Term Insurance
Term insurance is the simplest type of life insurance.
Applying for Coverage...What you should know
Find out what type of life insurance could be right for you.
For more information on which type of insurance is best suited to your needs, consult your financial professional.
1 To increase your death benefit, you need to provide evidence of insurablility.