Term Life Insurance Protect your loved ones’ future with insurance that adapts to your changing needs
As life evolves, your life insurance needs may change. RiverSource term life insurance offers you the flexibility you need to change with it. If you are just starting out, term life insurance offers you an affordable life insurance solution for a beneficiary. But as life grows more complex, you may need or want to switch to a permanent policy for more long-term financial security and to pass on a legacy to those who matter most. Term life insurance has the flexibility to adapt when life changes.
What is term life insurance?
Term life insurance offers a simple, economical way to provide a tax-free payment to loved ones after you pass away. A term life insurance policy offers a death benefit for a set amount of time or term, typically 10-, 15-, 20- or 30-years. During the term period, your beneficiaries are protected for the amount of coverage you purchased. When the period ends, so does your coverage. RiverSource term life insurance policies provide:
Four term policy options: 10-, 15-, 20- and 30-year terms
Premium will not increase for the term period you choose
Renewable coverage option: at end of the term, you may continue coverage on a yearly-renewable basis
Flexibility to convert to a RiverSource permanent life insurance policy, with the same underwriting status as when policy was first issued
An income tax-free death benefit
Protection on one life
All guarantees are based on the continued claims-paying ability of the issuing company. Ask your advisor to learn more about a term life insurance policy.