RiverSource Life Insurance Company is the new name for one of the Amex insurance companies. RiverSource Life Insurance sells Permanent, Term, and Survivorship insurance primarily through independent agents and brokers. You can also purchase, Partial and Total Disability policies, and Fixed and Variable Annuity plans through the company.
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UPDATED: Dec 20, 2020
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2006 Assets (parent): $474 billionS&P rating: AA- (very strong)Moody’s rating: Aa3 (excellent)Fitch rating: AA- (very strong)
Company History: Parent, Ameriprise, was founded in 1894 as Investors’ Syndicate, which became Investors Diversified Services and was purchased by American Express in 1984. Ameriprise became a separate, public company in 2005. RiverSource is the new name for one of the Amex insurance companies.
Principle Sales Methods: Independent agents and brokers.
Life Annuity Business: RiverSource Life sells Permanent, Term and Survivorship insurance, Partial and Total Disability policies, and Fixed and Variable Annuity plans to individuals.