Last Updated: 04/18/2025
SuperMoney User Recommendation Score +20
Mostly recommended5 total votes
Explore a similar product
Try this top product in Life Insurance
Everyday Life Insurance
Strongly recommended23 reviews
Community Recommended Products
View AllSponsored
Strongly recommended23 Reviews
Learn MoreSponsored
Strongly recommended13 Reviews
Learn MoreSponsored
Strongly recommended12 Reviews
Learn MoreCompare All Life Insurance
Filter & compare all your options in one place.
Highlights
Community Rating
Mostly recommended
Term Life Death Benefit Range
N/A
Term Options
- Term Life
- Level Term
- Decreasing Term
- Annual Renewable
Financial Strength Rating
A+(Verified 04/18/2025)
Number of Reviews
Ameriprise Life Insurance Review
Ameriprise life insurance Pros & Cons
| Pros | Cons |
|
Ameriprise is a life insurance carrier based in Minneapolis, MN. The company was founded in 1894 and offers life insurance products in 50 states (and Washington, DC).
Ameriprise life insurance FAQ
What types of life insurance products does Ameriprise offer?
Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.
Here is a brief description of life insurance options Ameriprise offers.
- Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Ameriprise life insurance offers term lengths ranging from 10 to 30 years.
- Level Term Life Insurance - These are term life insurance policies that have the same fixed premium and payment amount through the duration of the life insurance policy.
- Decreasing Term Life Insurance- These types of term life insurance policies has fixed premiums but the death benefit decreases over the duration of the term life insurance policy.
- Annual Renewable Term Life Insurance - Annual renewable term life insurance policies provide a constant death benefit for the duration of the term life insurance policy but the premiums are reassessed every year.
- Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.
- Variable Life Insurance - Variable life insurance are types of whole life insurance policies where the entire cash value of the life insurance policy is invested in several accounts. Therefore, the cash value of these whole life insurance policies rises and falls depending on the performance of the investments.
- Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.
- Variable Universal Life Insurance - These types of universal life insurance policies provides the most flexibility when it comes to investing the cash value of a universal life policy in separate accounts with "variable" values.
- Indexed Universal Life Insurance - These types of universal life insurance policies allows policyholders to place the cash value of the life insurance policy in a fixed account or an equity index account, such as the S&P 500 or the Nasdaq 100.
- Single Premium Whole Life Insurance - These types of whole life insurance policies lets the policyholder makes one large payment that guarantees a death benefit without the need of further premiums.
What is SuperMoney's financial rating of Ameriprise?
The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Ameriprise an A+, which is the highest available rating we give to life insurance companies.
SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
7:00AM - 10:00PM
Tuesday
7:00AM - 10:00PM
Wednesday
7:00AM - 10:00PM
Thursday
7:00AM - 10:00PM
Friday
7:00AM - 10:00PM
Saturday
8:30AM - 7:00PM
Other Services by Ameriprise
Car Insurance
Be the first to rate
Flood Insurance
Be the first to rate
Homeowners Insurance
5
5 Reviews
Motorcycle and ATV Insurance
Be the first to rate
Personal Watercraft Insurance
Be the first to rate
Renters Insurance
Be the first to rate
Specialty Homeowners Insurance
Be the first to rate
Umbrella Insurance
Be the first to rate
Community Recommended Products
View AllSponsored
Strongly recommended23 Reviews
Learn MoreSponsored
Strongly recommended13 Reviews
Learn MoreSponsored
Strongly recommended12 Reviews
Learn MoreSuperMoney Net Recommendation Score
SuperMoney users mostly recommend this product, giving it a user recommendation score of +20, or 3.4 on a 5-point rating scale.
+20
-1000+100
No one recommends
Everyone recommends
Ameriprise Life Insurance Community Reviews
Would you recommend Ameriprise Life Insurance to your friends?
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
You can apply online without having to speak to an agent which is my favorite feature about this company. They do have agents available to speak with 24/7 if you do need them however. Affordable policies in my experience and it's easy to call and get a quote without any commitments promised.
BP
Bailey P.
Mar 18, 2022
May or may not recommend
You can apply online without having to speak to an agent which is my favorite feature about this company. They do have agents available to speak with 24/7 if you do need them however. Affordable policies in my experience and it's easy to call and get a quote without any commitments promised.
FO
Folasayo O.
Jan 13, 2022
May or may not recommend
There are terms and conditions that are so worst and not friendly to recommend for family, the firm is not efficient to my taste, also they don't have good policy detail. I dislike that area
what I like about them, their policies can be applied online without the aid of an agent.
PC
Patrick C.
Oct 7, 2021
May or may not recommend
Ameriprise has the best Life Insurance rates you can ask for . They always have agents at your beck and call 24/7 around the clock , they are ready to answer any question you may have in regards to your policy or if you simply would like a quote. They are always happy to help . To top it off their policy’s are the most affordable ones you can find ...Show More
SW
Sandra W.
Sep 7, 2019
May or may not recommend
My husband and I have been paying life insurance premiums for 31 years to Ameriprise. Now they are saying that the $75000 life insurance will lapse if we do not increase our payments, The 31 years of payments have paid for the $75000 insurance upon death, but now we must submit more payments to keep from losing what we have already paid.
Showing 5 of 5 reviews
