Ameriprise 2005 Annual Report Download - page 21

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Ameriprise Financial, Inc. | 19
RiverSource Insurance: #1
in total variable life sales
Source: Tillinghast VALUETM Survey, 2005
Our Financial Education and Planning Services (FEPS) business helps employees of companies
across the United States plan for and achieve their long-term financial objectives using interactive,
personalized retirement tools. A leader in conducting workplace financial education programs,
we have nearly 20 years of experience in this discipline. Specially trained financial advisors work
on-site at corporate client company locations presenting educational seminars and conducting
one-on-one meetings for employees. The individualized approach taken by our advisors is intended
to help employees see their whole financial picture and understand the value of their workplace
benefits and compensation within that picture. Delivering quality financial education and planning
services at the workplace also exposes individuals to our comprehensive financial planning process.
Beyond servicing many of our 401(k) company employees, we currently reach more than 1 million
employees in more than 500 companies through FEPS relationships.
Protection Solutions
We offer protection solutions designed to meet clients’ needs, ranging from life and auto to home
and health insurance. We provide quality insurance solutions as an important complement to our
primary business of financial planning and asset gathering. We use sophisticated hedging and
reinsurance relationships intended to protect our shareholders from excess mortality, morbidity and
market risks embedded in our insurance and annuity products. In addition, we manage the auto and
home insurance risk for catastrophic acts of nature through appropriate reinsurance programs. For
certain risk types and policy sizes, our advisors have access to more than 20 other life and health
insurers’ solutions.
Life
RiverSource Insurance is a leader in variable universal life insurance, ranking #1 in total variable life
sales. Variable universal life enables individuals to secure a death benefit in a life insurance policy,
coupled with a vehicle for asset accumulation with tax deferral on gains. RiverSource Insurance also
provides universal life, whole life and term life solutions.
Auto & Home
To address a range of personal protection needs, Ameriprise Auto & Home Insurance offers auto
and home coverage. We market personal auto and home protection products directly to customers
through marketing alliances such as with Costco Wholesale and Ford Motor Credit Company.
Health
An important part of many financial plans is helping our clients prepare for unexpected health
needs such as disabilities or the need for financial resources for long-term care. Accordingly,
RiverSource Insurance provides disability insurance coverage to clients representing more than