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Life Insurance and Life Insurance Plans

Life Insurance
Decisions on life insurance can help you plan your estate and ensure the future of those who matter to you most in protecting against the financial consequences of your death. Insurance proceeds tax free and paid directly to your beneficiaries. Since the process to circumvent the will, it saves time and money.
Why is life insurance important?

Life insurance is an effective way to help your loved ones support their quality of life, debt relief and education funding in cases of premature death. Some politicians RiverSource ® Insurance can also help you build a cash value of future goals such as retirement. Use our product life Selector learn more about our policies.
Planning for life insurance with Ameriprise Financial

When you start looking for life insurance with Ameriprise financial advisor help you every step of the process. By working together, you can:

1. Determine the role of life insurance in financial terms.

2. Discover what matters most to you.

3. Determine your coverage needs. You and the adviser to determine how much need life insurance by collecting information about your:

    
* The current monthly expenses
    
* Other family commitments (lump)
    
* Life insurance and savings
    
* Expected net annual income of the breadwinner cons revenue necessary to cover the cost of living
    
* In general, the basic needs of survivors.

Term insurance
Permanent insurance
Purchased to cover a temporary need
Purchased for long-term protection
  • You pay an annual premium for a specific number of years for which you receive a predetermined amount of life insurance protection.
  • If the insured passes away during the specified years, beneficiaries collect the proceeds of the policy. If the insured passes away after the specified years, the beneficiaries receive no proceeds.
  • Policy does not build cash value

  • As long as premiums are paid on time and the policy remains in force, the death benefit will be paid. It is important to appropriately fund your policy and avoid excessive withdrawals to prevent your policy from lapsing.
  • Types of permanent policies include whole life, universal life, variable universal life.
  • Policy may build a cash value, which can be borrowed against tax-free to service other financial purposes.