Are Ameriprise and RiverSource the same company?
Ameriprise Financial Renames Insurance Companies Under the RiverSource(SM) Brand. Ameriprise Financial, Inc. (NYSE:AMP) announced today that is has merged and renamed its five life insurance subsidiaries into two RiverSource branded entities, effective December 31,2006.
Is RiverSource part of Ameriprise?
RiverSource (RiverSource Life Insurance Company) is a US-based Investment management and life insurance firm which is a subsidiary of Ameriprise Financial, Inc. RiverSource is made up of RiverSource Investments, RiverSource Annuities, and RiverSource Insurance and is based in Minneapolis.
What is an optional benefit on an annuity?
Optional death benefits are available for an additional fee and must be chosen at the time you open an annuity. They can help you: Grow – Opportunities to lock in gains on your contract anniversary. Guarantee – Protect your principal regardless of market performance.
Who owns RiverSource?
Ameriprise FinancialRiverSource / Parent organization
Are RiverSource annuities good?
RiverSource has received high marks. Moody’s rates RiverSource an Aa3 (fourth-highest of 21), A.M. Best rates it an A+ (second-highest of 15) and Standard & Poor’s (S&P) rates it an AA- (fourth-highest of 21). All three ratings companies give RiverSource a stable financial outlook.
Do annuities pay out for life?
The company makes payments for as long as you live. The payment amount is mainly decided by life expectancy – the longer your life expectancy, the smaller the payment amount. There is no guarantee you’ll get the total amount you accumulate. However, you’re guaranteed the income for the rest of your life.
Is RiverSource a good company?
RiverSource is one of the nation’s largest life insurance companies. We rank among industry leaders in key categories, including variable annuities, variable universal life insurance and disability income insurance. Independent rating agencies have consistently given RiverSource high ratings for financial strength.
Is a structured annuity a good investment?
Structured annuities can balance growth potential with a level of protection. With this solution you will benefit from: Exposure to equity markets: Structured annuities can offer you equity market exposure, giving you the growth potential you need to help achieve your goals.