Riversource Life Insurance Co Salary

Riversource Life Insurance Co Salary

How much does the Riversource Life Insurance Co Pay for employees?

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As of August 2026, the average annual salary for employees at Riversource Life Insurance Co in the United States is $124,055. This translates to an approximate hourly wage of $60. Salaries at Riversource Life Insurance Co typically range from $108,973 to $140,608 annually, reflecting the diverse roles and experience levels within the company. Riversource Life Insurance Co’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Riversource Life Insurance Co Pay for Different Roles?

Explore detailed salary information for specific jobs at Riversource Life Insurance Co. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at Riversource Life Insurance Co

Ready for your next career move? Explore current job openings at Riversource Life Insurance Co. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Riversource Life Insurance Co’s Pay Competitive? Salary Benchmarking Analysis

How does Riversource Life Insurance Co’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
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Average Salary ($/year)
Riversource Life Insurance Co
Insurance
Kilpatrick Life Insurance Co
Health IQ
Industry Comparison
Our data shows that, on average, compensation at Riversource Life Insurance Co is above the average for the U.S. Insurance industry . This positioning suggests their pay is competitive within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Riversource Life Insurance Co average annual salary with several similar companies. Riversource Life Insurance Co average salary of $124,055 is higher than Kilpatrick Life Insurance Co, which has an average salary of $105,459. It is lower than Health IQ, with their average salary at $145,351. This places Riversource Life Insurance Co in a mid-range position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Riversource Life Insurance Co's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Riversource Life Insurance Co. Click a company name to learn more.

Employee Reviews: Working at Riversource Life Insurance Co

Considering a career at Riversource Life Insurance Co? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Overall, a fantastic place to grow in the insurance field. I appreciate the opportunities for skill development and the clear communication from leadership. The company follows traditional insurance practices, which ensures stability. Positive atmosphere, minimal stress.
Commented in February 26, 2025
44
0
Management is supportive, and career growth opportunities exist. This company offers a supportive and engaging work environment. The team is cooperative, and management is reasonable in their expectations. Workloads are reasonable, and benefits are excellent. The company offers a structured work environment with clear expectations.
Commented in December 16, 2024
12
2
This company stands out for its employee-centric approach. A great place to grow your career. It’s a stable workplace with reasonable expectations for employees. My role at this insurance company has been consistent and structured. Work-life balance is respected, and remote work options are flexible. While growth opportunities exist, they follow a structured path. The company invests in technology...
Commented in July 25, 2024
50
2
A good fit for those seeking consistency in their career. Leadership is visionary, and teamwork is a priority. Rewarding work, good bonuses.
Commented in January 14, 2024
24
1

Riversource Life Insurance Co Overview

Website
www.riversource.com
Founded In
1894
Employees
500 - 1,000 employees
Industry
Insurance
Headquarter Address
1099 Ameriprise Financial Ctr Minneapolis Minnesota MN 55474
Revenue
$500 Million - $1B
Phone Number
+1 6126713131
Social Media
About Riversource Life Insurance Co
Founded in 1894 and headquartered in Minneapolis, Minnesota, RiverSource is an investment management and life insurance firm.

What Benefits Does Riversource Life Insurance Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Riversource Life Insurance Co offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Riversource Life Insurance Co.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Riversource Life Insurance Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Riversource Life Insurance Co salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Riversource Life Insurance Co

1. What is the estimated average total compensation at Riversource Life Insurance Co?

Salary.com estimates that the average total compensation package at Riversource Life Insurance Co, which can include base salary, potential bonuses, and benefits, is around $124,055 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Riversource Life Insurance Co pay compared to Kilpatrick Life Insurance Co?

The average annual salary at Riversource Life Insurance Co is $124,055, or an hourly wage of $60, in comparison to Kilpatrick Life Insurance Co which pays $105,459 per year or $51 per hour.

3. Do salaries differ significantly between departments at Riversource Life Insurance Co?

Yes, salaries often differ between departments at Riversource Life Insurance Co due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. What's the typical salary progression for an employee moving from an entry-level to a senior role at Riversource Life Insurance Co?

Salary progression from an entry-level to a senior role at Riversource Life Insurance Co can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Riversource Life Insurance Co in Minneapolis is fair given the local cost of living?

To determine if a salary offer from Riversource Life Insurance Co in Minneapolis is fair, first compare the gross salary to our data for similar roles at Riversource Life Insurance Co and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Minneapolis" to understand its purchasing power.

6. Are promotions at Riversource Life Insurance Co usually accompanied by a significant salary increase?

Yes, promotions at Riversource Life Insurance Co are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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