Policy Overview
The Riversource Life Insurance Policy #9090-2067885 is a term‑life product that provides a death benefit equal to the face amount chosen at purchase, payable to designated beneficiaries if the insured passes away during the coverage term. Premiums are level for the duration of the term, and the policy can be tailored with optional riders such as accelerated death benefits or waiver of premium.
More from this site
Keep reading the latest coverage
Eligibility and Application Process
Applicants must be between 18 and 65 years old, meet standard health underwriting criteria, and disclose any pre‑existing conditions. The application typically involves a medical questionnaire, and in many cases a non‑invasive lab panel or electronic health record check. Approval times range from a few days to two weeks, depending on the completeness of the submission.
Coverage Options and Riders
Riverside offers three primary term lengths—10, 20, and 30 years—each with selectable face amounts from $50,000 to $1,000,000. Optional riders include:
- Accelerated Death Benefit: accesses up to 20% of the death benefit for terminal illness.
- Waiver of Premium: suspends payments if the insured becomes disabled.
- Child Term Rider: adds term coverage for dependent children at reduced cost.
Cost Structure
Premiums are calculated based on age, gender, health rating, term length, and face amount. For a healthy 35‑year‑old male selecting a 20‑year term with a $250,000 face amount, the annual premium typically falls between $180 and $220. Rates increase with age and higher coverage levels, and the policy does not build cash value.
Key Considerations
When evaluating this policy, weigh the following factors:
- Term length versus projected financial obligations (mortgage, education costs).
- Affordability of level premiums over the entire term.
- Potential need for riders based on health or family circumstances.
- Conversion options—Riversource allows conversion to a permanent policy without further medical underwriting within the first 10 years.
Comparison Table
| Feature | Riversource #9090‑2067885 | Typical Competitor |
|---|---|---|
| Term lengths | 10, 20, 30 years | 5, 10, 20 years |
| Maximum face amount | $1,000,000 | $500,000 |
| Conversion to permanent | Yes, within 10 years | Often limited or none |
| Riders available | Accelerated, Waiver, Child term | Usually only accelerated |
How to Purchase
Interested consumers can start the process online through the Riversource website or by contacting an authorized agent. The steps are: (1) obtain a quote, (2) complete the application, (3) submit required health information, and (4) review the policy illustration before signing. After payment of the first premium, the policy becomes effective on the agreed start date.