RiverSource Assured℠ is a limited flexible purchase payment (payments only allowed for 90 days after contract issue), deferred fixed index annuity that offers various account options, crediting methods and indexed terms to help meet your needs.
Minimum initial purchase payment:
- Non-Qualified: $10,000
- Qualified: $10,000 (not available for 401(a), 403(b), simple IRAs and 501c(3))
Additional purchase payments:
Allowed only in the 90 days after the contract issue date. These payments will be held in an interim account earning daily fixed interest until your next contract anniversary, when they will automatically transfer out per your election instructions.
Maximum issue age:
All Available States (Except CA)*:
|10-year surrender charge||10%||9%||8%||7%||6%||5%||4%||3%||2%||1%||0%|
|7-year surrender charge||9%||8%||7%||6%||5%||4%||3%||0%||0%||0%||0%|
|9-year surrender charge||8.7%||7.7%||6.7%||5.7%||4.7%||3.7%||2.6%||1.6%||0.5%||0%|
|7-year surrender charge||8.7%||7.7%||6.7%||5.7%||4.7%||3.7%||2.6%||0%||0%||0%|
Each year you have access to 10% of your prior year contract anniversary value without surrender charges or a Market Value Adjustment. During the first contract year, you have access to 10% of your initial purchase payments.
Rates and Guarantees
- Minimum Guaranteed Interest Rate for the fixed and interim accounts is 1.00%.
- All guarantees are based on the continued claims-paying ability of the issuing company.
The guarantees offered by RiverSource® annuities are backed by the strength and soundness of RiverSource and are subject to our continued claims-paying ability.
*Not available in NY