RiverSource® Centurion Legacy [New York]

This fixed-rate, flexible premium annuity is designed to help meet the needs of our New York-based customers.


Overview

Getting Started Minimum initial payment Non-Qualified:  $5,000  Qualified: $2,000
Additional payments $500 minimum.
Maximum issue age

Non-Qualified:  Owner: age 90   Annuitant: age 83
Transfers or rollovers to: Traditional or SEP IRA: Age 75 for owner and annuitant
New contributions to a SEP IRA: Age 70.5 for owner and annuitant

Roth IRA:  Age 83 for owner and annuitant
Withdrawals1 Withdrawal charges
Year:  1 2 3 4 5 6 7 Thereafter
Chg: 7% 7% 6% 5% 4% 3% 2% 0%
Withdrawal privileges During the first year, 10% of the initial payment may be withdrawn systematically without penalty. After the first year, up to 10% of the prior anniversary contract value can be annually withdrawn without charge.
Rates and Guarantees

When you purchase a RiverSource Centurion Legacy fixed annuity, your principal is guaranteed to earn a minimum return of 3% regardless of market rates. Your initial base rate is guaranteed for one year. All guarantees are based on the continued claims-paying ability of the issuing insurance company.

1Withdrawals that do not qualify for a waiver may be subject to a withdrawal charge.  Withdrawals are subject to income taxes and withdrawals before age 59-1/2 may incur an IRS 10% early withdrawal penalty.

RiverSource Distributors, Inc. (Distributor), Member FINRA. Insurance and annuity products are issued by RiverSource Life Insurance Company and in New York, by RiverSource Life Insurance Co. of New York, Albany, New York. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance and annuities in New York.

Most annuities have a tax-deferred feature.  So do many retirement plans under the Internal Revenue Code.  As a result, when you use an annuity to fund a retirement plan that is tax-deferred, your annuity will not provide any necessary or additional deferral for that retirement plan.  But annuities do have features other than tax deferral that may help you reach your retirement goals.  You should consult your tax advisor prior to making a purchase for an explanation of the tax implications to you.

Fixed annuities are long-term insurance products.  Before you purchase, be sure to ask your financial professional about the annuity’s features, benefits, and fees, and whether the annuity is appropriate for you, based on your financial situation and objectives.

FIXED ANNUITIES:

Are Not a Deposit of
 Any Bank OR ANY
BANK affiliate

Are Not FDIC
Insured

Are Not Insured by Any
 FEDERAL Government Agency

Are Not Bank
Guaranteed