Close Close

Life Health > Life Insurance

Ameriprise Unit Unveils UL Policies

Your article was successfully shared with the contacts you provided.

IDS Life Insurance Company is introducing the RiverSource Foundations Protector and RiverSource Foundations universal life insurance policies.

IDS Life, a unit of Ameriprise Inc., Minneapolis, says the RiverSource Foundations Protector UL policy is designed for affordable, lifetime protection against death. The policy comes with a no-lapse death benefit guarantee but limits opportunities for growth of cash value.

For the RiverSource Foundations UL policy, the no-lapse death benefit guarantee is optional, but the policy provides a minimum cash value growth rate of 3%.

IDS Life also is selling versions of the policies aimed at consumers who need death benefits of $1 million or greater.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.