RiverSource Life Insurance Company

About RiverSource Life Insurance Company

RiverSource Life Insurance Company is affiliated with the Ameriprise Financial Inc. It was established in 1957 and is based at Minneapolis. RiverSource Life Insurance Company functions as a stock life insurance company in the United States. The company provides insurance and annuity products as well. The company offers variable and fixed Universal Life Insurance, Traditional Life Insurance, including whole life and term life insurance policies and Disability Income Insurance. The sales of the Life Insurance is done through a retail distribution channel. Deferred variable and fixed annuities are also made available by the company to its various consumers. This is made available to the them through the third party banks and broker dealers.

RiverSource Life Insurance Company Profile

Lines of Insurance:
Life, Disability

States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

Type of Insurance Company: Stock (parent)

Name of Parent Company:
Ameriprise Group

RiverSource Life Insurance Company Rating: A+

Company Financial Status:
Ticker Symbol: AMP (NYSE)
Assets & Premiums: 2006 Assets (parent): $474 billion
S&P rating: AA- (very strong)
Moody's rating: Aa3 (excellent)
Fitch rating: AA- (very strong)

Services offered by RiverSource Life Insurance Company

The RiverSource Life Insurance Company has categorized Insurance stream in three major sectors to cover majority of the areas. “RiverSource Term Life Insurance”, “Universal Life Insurance” and “Variable Universal Life Insurance”.

RiverSource Term Life Insurance has two types of policies under it, the “Economical, Temporary Protection” and the “Income Protection to Retirement”. The Economical, Temporary Protection is one of the simplest Insurance provided by RiverSource. The Insurance series helps in providing economical ways for an individual to meet his/her short-term protection goals. The Income Protection to Retirement is a unique life insurance product that helps provide a systematic monthly benefit payment up until a selected retirement age.

Universal Life Insurance is a very flexible premium life insurance policy. It accumulates the cash value. It is here on sub categorized into “RiverSource Foundations Protector”, “RiverSource Foundations Universal Life Insurance” and “RiverSource Succession Protector Life Insurance”.

Variable Universal Life Insurance is a permanent life insurance which provides protection needed by an individual while offering the opportunity to invest in the market. It also offers flexibility and control by allowing the client to customize their policy based on their unique needs.

Benefits and Claims of RiverSource Life Insurance Company

The Benefits of the RiverSource Term Life Insurance are :

  • It is an Income tax free death benefit.
  • The policies available are for either a 10, 15 or 20 year term.
  • The premiums are guaranteed depending on the selected term.

The Benefits of the Universal Life Insurance are :

  • It is an Income tax free death benefit.
  • It has a guaranteed life time protection.
  • It has a guaranteed fixed income rates.
  • The death benefit and premium amount is flexible.
  • Access to an individuals cash value towards emergencies, college education, retirement income and few other needs are completely income tax free.

The Benefits of the Variable Universal Life Insurance are :

  • It has an Income tax free death benefit.
  • It has a guaranteed life time protection.
  • It provide the opportunity to participate in the equities market.
  • The death benefits and premium amount is flexible.
  • Access to an individuals cash value towards emergencies, college education, retirement income and few other needs are completely income tax free.

RiverSource Life Insurance Company Contact Details & Phone Number

RiverSource Life
CEO   Mark Schwarzmann
829 Ameriprise Financial Center
Minneapolis, MN 55474
Phone Number: 800-333-3437

Where to send complaints:
RiverSource Customer Service
Minneapolis, MN 55474
Phone Number: 800-333-3437