RiverSource® Innovations Select - National

The following At-a-glance provides an overview of the RiverSource Innovations Select variable annuity:

Getting started

Minimum initial payment

 $10,000
Minimum additional payments $50 for systematic payments
$100 for other payments
Maximum issue age for owner 85
Withdrawal charges Contract years from payment receipt
1 2 3 4 5 6 7 8 9 10 Thereafter
10 year surrender charge schedule
8% 8% 8% 7% 6% 5% 4% 3% 2% 1% 0%
7 year surrender charge schedule
8% 8% 7% 7% 6% 5% 3% 0% 0% 0% 0%
5 year surrender charge schedule
8% 7% 6% 4% 2% 0% 0% 0% 0% 0% 0%
Each additional payment will have its own surrender schedule. Surrender schedules may vary by state.
Liquidity Cumulative earnings or 10% of the prior anniversary contract value can be annually withdrawn without charge.
Fees and Expenses
Surrender schedule

Mortality and expense fee (M&E)

 + Variable account administrative charge =

Base variable annuity expenses (as a percentage of average daily subaccount value)
5 year 1.40% + 0.15% = 1.55%
7 year 1.05% + 0.15% = 1.20%
10 year .85% + 0.15% = 1.00%

Subaccount management fees vary by fund and do not apply to the Guarantee Period Accounts (GPAs), the Regular Fixed Account or the Special DCA Fixed Account (SDCA) Fixed accounts, where available.

Contract administrative charge of $40 is deducted from the contract value on contract anniversary and at full surrender; waived on contract values of $50,000 or more.
Investment Options and Asset Allocation

Choose from a wide range of investment options representing every major asset class from well known fund families. Design your own portfolio or enroll in an asset allocation program.

For more information on Investment Options click here
Optional Riders Optional living and death benefit riders, available for an additional fee, may allow you to safeguard your savings, enjoy guaranteed retirement income and pass on wealth to your loved ones. Visit Optional Benefits to learn more or talk to your financial professional for more information.
Performance
Related Literature

For costs and complete details of coverage, speak to your financial professional. Certain types of contracts, features and benefits may not be available in all states. We offer other variable annuity contracts with different fees, charges and features. Not every contract is available through the same selling broker/dealer. You can contact us to find out the availability of other contracts (800) 333-3437 (for New York call (800) 504-0469).

Click here for important information about the variable annuity products including features and benefits.

All guarantees are based on the continued claims-paying ability of the issuing company and do not apply to the performance of the variable subaccounts, which will vary with market conditions.

Click here for important information about the Portfolio Navigator program.