Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Disability insurance?
Old 10-26-2007, 05:22 PM   #1
Dryer sheet aficionado
Join Date: Oct 2007
Posts: 35
Disability insurance?

Does anyone have any opinions on RiverSource Income Protection Disability Insurance? I was wondering if anyone had dealt with these guys or any other DI company for that matter.
I am a healthy, single 42 yo female. My annual income is $75,000. RiverSource has quoted me $108/mo for the insurance. Too much? Any advice on what to look for?

I love mankind; it's the people I can't stand. - Linus Van Pelt
MissParker is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-26-2007, 09:00 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
Join Date: Mar 2003
Posts: 15,910
I would be very, very selective about who I bought this from. You want a company with the highest creditworthiness and with a good track record of paying out when indicated. There have been companies I will not name who have had extremely public issues with trying to avoid paying legit claims (think class action lawsuits, insurance regulators taking action, etc.). If you ever actually need the payout, you probably will not be in a position to squabble with your insurer (for years).

I would skip Riversource, which I presume is part of Ameriprise (insert Slideshow Bob shiver). Instead, do get quotes from Northwestern Mutual, MassMutual, Guardian, and maybe USAA (not sure if USAA is still in the business).

"Neither my companion or I carry firearms on our persons. We depend on the goodwill of our fellow man and the forbearance of reptiles."

- English Bob
brewer12345 is offline   Reply With Quote
Old 10-26-2007, 09:14 PM   #3
Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 1,015
I recall reading something about this in the past month or so -- I think it's a brand new offering from Ameriprise and only sold through their network.
Achiever51 is offline   Reply With Quote
Old 10-27-2007, 08:17 AM   #4
Dryer sheet aficionado
Join Date: Oct 2007
Posts: 35
Thanks for the advice. I will look elsewhere. They must be branching out to make this available outside of Ameriprise because I didn't even know they were related. It seems rather missleading to me.
I love mankind; it's the people I can't stand. - Linus Van Pelt
MissParker is offline   Reply With Quote

disability insurance

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Disability Insurance? Your thoughts invited... spncity FIRE and Money 18 01-14-2013 09:38 AM
Keeping Disability Insurance ? joesxm3 Health and Early Retirement 6 04-23-2007 05:59 PM
How much disability insurance to you have? Peaceful_Warrior Young Dreamers 23 03-18-2007 05:59 PM
Life and Disability Insurance ferco FIRE and Money 6 01-18-2007 06:39 AM
Disability Insurance/LTC ferco FIRE and Money 10 01-01-2006 07:11 AM


All times are GMT -6. The time now is 01:57 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.