Client brochure - RiverSource

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Grow. As you grow financially more successful, achieving your financial goals and accumulating assets to achieve your dreams require ongoing attention. Are you growing your assets? You may be at the life stage when permanent life insurance and disability income insurance can help build the financial future you want for yourself and your loved ones. • Are you established in your career? • Do you have a growing or established family? • Are you planning for college education, retirement or other major expenses? • Are you concerned about the impact of taxes or market volatility on your investments? Your income remains the foundation of your entire financial future. However, you begin to have more opportunity to improve your lifestyle, enjoy more discretionary spending, and save more for retirement and other goals. You need a sound strategy to diversify and grow your assets — including protection from inflation, market volatility and taxes. Jim and Susan Jim, a marketing executive, and Susan, a part-time teacher, both 44, have two children. Jim has life and disability income insurance through work, and individual term life insurance. Susan has her own term life insurance. Jim, Susan and their children live comfortably and have begun saving for the children’s college education. However, they will depend on both their incomes to help with college. And they want to bolster their retirement savings. To grow assets that will help achieve their dreams, Jim and Susan convert their term insurance to permanent policies that will enable them to accumulate cash value tax-deferred and still provide income tax-free death benefits. Hypothetical example for illustrative purposes only.
Give. In later years, as you prepare for or enter retirement, you may wish to leave assets to loved ones or charities that are important to you. Do you want to leave a lasting impact? You may be in a time of life when, in addition to enjoying your retirement, you can leverage permanent life insurance to leave your loved ones a gift of financial support, or leave assets to causes that are important to you. • Are you in or nearing retirement? • Are you looking to minimize the erosion of your assets due to expenses, inflation and taxes? • Have you thought about how you want family, friends and your community to remember you? • Do you want to help your spouse, children or grandchildren maintain their lifestyle or have resources to do more after you’re gone? You worked hard to save for a comfortable retirement. Now you want to protect what you’ve built and leave more to others. Through proper management of your estate, you can build the legacy you desire by minimizing the effects of taxes, expenses and inflation on what you choose to leave to others. Edwin and Barbara Edwin, 64, and Barbara, 63, have two adult children and three grandchildren. They recently retired after selling a clothing store they owned for many years. They are looking forward to traveling more with friends and family, and doting on their grandchildren. Edwin and Barbara expect to live actively for many years. They want to create a legacy to help their grandchildren attend college and buy homes, and leave a charitable gift to their place of worship. They’re also concerned about depleting their assets should either one of them fall ill. However, Edwin and Barbara are confident they’ll achieve their goals, because their life insurance policies offer flexibility to meet their changing needs, while still providing income tax-free death benefits for their children and grandchildren. Hypothetical example for illustrative purposes only.
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Client brochure - RiverSource

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