July 12, 2014 12:03 AM ET

Insurance

Company Overview of Riversource Life Insurance Company

Company Overview

RiverSource Life Insurance Company, together with its subsidiary, RiverSource Life Insurance Co. of New York, operates as a stock life insurance company that issues insurance and annuity products in the United States. It provides fixed and variable annuities; and variable universal life, fixed universal life, traditional whole life, term life, and disability income insurance products. The company is based in Minneapolis, Minnesota. RiverSource Life Insurance Company is a subsidiary of Ameriprise Financial, Inc.

1099 Ameriprise Financial Center

Minneapolis, MN 55474

United States

Phone:

612-671-3131

Key Executives for Riversource Life Insurance Company

Chairman
Age: 45
Chief Financial Officer
Age: 43
Principal Accounting Officer
Age: 60
Executive Vice President of Annuities and Director
Vice President and Chief Actuary
Compensation as of Fiscal Year 2014.

Riversource Life Insurance Company Key Developments

Riversource Life Insurance Company Closes New York Office

Riversource Life Insurance Company announced that it is closing its Albany, New York office and laying off 29 employees under a move to consolidate operations in Minnesota. RiverSource Life Insurance of New York announced the layoffs in a filing with state regulators. The operation is relocating to Minneapolis, Minnesota and the employees in Albany, New York will receive severance packages and other assistance in finding new jobs. Existing life insurance customers in New York would receive service from the RiverSource headquarters in Minneapolis. Layoffs begin in late September. The Albany office closing is at 20 Madison Ave., though the company plans to retain space at the building to sustain a legal presence in New York.

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