Universal Life Insurance Insurance protection with the opportunity to build cash value

Life is ever changing. You want to be able to enjoy and adapt to all of life’s moments and still protect loved ones from the unexpected. Universal life insurance is flexible to your needs, offers death benefit protection and the potential to accumulate cash value you can borrow against while you are still living.

What is universal life insurance?

Universal life insurance offers you features and benefits unique from other types of life insurance policies. It provides important insurance protection and the opportunity to build cash value which you can borrow from for larger expenses.

 

Because this type of insurance is flexible, you can adjust benefits as your needs change. Some changes may require underwriting approval. RiverSource universal life insurance key benefits include:

  • An income tax-free death benefit to your heirs

  • Tax-deferred growth of your assets

  • Optional no lapse guarantees (all guarantees are based on the continued claims-paying ability of the issuing company)

  • Guaranteed minimum fixed interest rate

  • Flexible death benefit and premium amounts

It is a source of income tax-free access to your cash value (when properly structured) to use for larger expenses such as:

  • Emergencies

  • College education

  • Starting a business

  • Retirement income

  • Other needs

 

 

Universal life insurance solutions

  • RiverSource® Indexed universal life insurance

  • RiverSource® Foundations Protector

  • RiverSource® Succession Protector insurance

RiverSource® Indexed universal life insurance

Opportunity to grow wealth with protection from market downturns through index-based interest crediting

  • Opportunity to grow wealth with protection from market downturns through index-based interest crediting
  • Permanent insurance protection with an income tax-free death benefit to your heirs
  • A source of tax-free income through withdrawals or loans (when properly structured)
  • Additional flexibility through optional riders for an additional cost

Discover more about indexed universal life insurance.

 

All guarantees are based on the continued claims paying ability of the issuing company. This product is not a variable contract or investment contract. Although the policy will be affected by changes in the external indices that are used to determine indexed account interest, the policy does not invest directly in any stock or equity investments. View important information about indexed universal life insurance.

RiverSource® Foundations Protector

  • Income tax-free death benefit on one life
  • Guaranteed premiums
  • Lifetime no-lapse guarantee – as long as the policy premium payments are paid in full and on time, the insurance is guaranteed for your lifetime
  • Opportunity to increase assets for future generations
  • Optional riders available to cover a wide range of needs, including, acceleration of death benefit due to terminal illness or to help cover qualified long-term or chronic care expenses.

Find out more about Foundations Protector insurance now.

 

All guarantees are based on the continued claims paying ability of the issuing company. Certain riders may not be approved in all states and restrictions may apply. Speak with your financial professional for more information including rider availability.

RiverSource® Succession Protector insurance

  • Protection on two lives
  • Income tax-free death benefit passes to beneficiaries at the last insured's death
  • Affordable lifetime guarantees; as long as premium payments are paid in full and on time
  • Tax-efficient wealth transfer options

Learn how a Succession Protector policy may benefit you.

41 million Americans say they need life insurance coverage but don’t have it.

2020 Insurance Barometer Study, LIMRA and Life Happens

Talk to an advisor

Talk to an Ameriprise advisor to discuss how RiverSource solutions can help you. Don’t have an advisor? Find one who is right for you now.

Before you purchase, be sure to ask your sales representative about the life insurance policy's features, benefits and fees, and whether the life insurance is appropriate for you, based upon your financial situation and objectives.
Accessing policy cash value through loans and surrenders may cause a permanent reduction of policy cash values, death benefit, and negate any guarantees against lapse. Surrender charges may apply to the policy and loans may be subject to interest charges. Although loans are generally not taxable, there may be tax consequences if the policy lapses, is surrendered or exchanged with an outstanding loan. Taxable income could exceed the amount of proceeds actually available. Surrenders are generally taxable to the extent they exceed the remaining investment in the policy. If the policy is a modified endowment contract (MEC), pre-death distributions, including loans, from the policy are taxed on an income-first basis, and there may also be a 10% federal income tax penalty for distributions of earnings prior to age 59-½.