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, long-term care 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, yet life can bring the unexpected.
What if you couldn't work, needed long-term care or were no longer here? Life, long-term care and disability income insurance can help keep your dreams on track and provide financial security for yourself and those who depend on you. A financial advisor can help you review your needs and recommend solutions based on what's important to you.
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.
Long-term care (LTC) includes nursing home care, home health care or adult day care for individuals with a chronic or disabling condition that needs supervision. LTC benefits from an insurance product can help protect you, your retirement and your loved ones from the financial impact of long-term care expenses.
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.
*Generally the death benefit is income-tax free. For Income Protection Life a portion of the death benefit is taxable to the beneficiary.