To see information for a different variable annuity, select from the list below. For New York and Texas, please select your state. For all others, please select National, then the product name.

RAVA 5 Advantage® variable annuity

You've worked hard throughout your lifetime to prepare for a comfortable retirement. Through each stage — from building your nest egg to enjoying your retirement — you'll want and need sustainable retirement income and the growth potential to help ensure the retirement you envision. RiverSource offers a range of annuity solutions that can help you grow your money, live more confidently in retirement and share your wealth with the people and causes you care about.

Variable annuities are long-term investment vehicles designed to help you position yourself for a more confident retirement. For further information, please read the prospectus.

Getting Started

  • Minimum initial payment: Qualified - $1,000; Non-qualified - $2,000
  • Minimum additional payments: $50
  • If annuity is part of an employer-sponsored plan, the minimum payment is $1,000 for lump sum, or $25 per payment (only allowed with group bill).
  • Maximum issue age: 90


Surrender charges (based on each premium payment)

Completed year 1 2 3 4 5 6 7 8 9 10+
7-Year Charge 7% 7% 7% 6% 5% 4% 2% 0% 0% 0% 0%
10-Year Charge 8% 8% 8% 7% 6% 5% 4% 3% 2% 1% 0%

Access to withdrawals

Cumulative earnings or 10% of the prior anniversary contract value can be annually withdrawn without charge

Surrender charge waivers

Nursing Home Confinement

To qualify:

  • Owner and joint owner must be confined to a qualified facility for 60 consecutive days
  • Owner and joint owner must be under 76 at contract issue

Terminal illness

To qualify:

  • Diagnosis must occur after first contract anniversary
  • No maximum issue age

Owner and joint owner are covered on both waivers. Waiver availability varies by state. Check your product prospectus for more information.

Systematic withdrawals

  • $50 monthly minimum

Regular fixed account

  • One year guaranteed rate followed by 12-month renewal rates
  • Guaranteed Minimum Interest Rate varies by issue date

Investment Features and Options

Special Dollar Cost Averaging fixed account (SDCA)

  • 6 and 12 month DCA
  • No minimum

Guarantee Period Accounts (GPA)

  • 1 to 10 year durations
  • Market Value Adjustment (MVA) is made for any withdrawals or client-elected transfers (waived under certain instances)
  • Rate is set bi-weekly
  • $1,000 minimum
  • No guaranteed minimum rate
  • Not available in all states

Performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown.

You should consider the investment objectives, risks, charges and expenses of the variable annuity and its underlying investment options carefully before investing. For a free copy of the annuity's prospectus and underlying investment's prospectus, which contains this and other information about variable annuities, call 1 (800) 333-3437. Read the prospectus carefully before you invest.

Total Mortality & Expense (M&E) fee

  • 7-year M&E: 1.10% (through year 10); 0.95% (years 11+)
  • 10-year M&E: 0.95%

Optional Living and Death Benefit fees

Fee added to M&E fee
Return of Purchase Payments (ROPP) death benefit 0.35%
Maximum Five Year Anniversary Value (MAV5) death benefit 0.10%
Maximum Anniversary Value (MAV) death benefit 0.25%
Annual Charge
Currently Available:
SecureSource 4® — Single Life Benefit 1.55%
SecureSource 4® — Joint Life Benefit 1.65%
SecureSource 4 Plus® — Single Life Benefit 1.70%
SecureSource 4 Plus® — Joint Life Benefit 1.80%
SecureSource Core® — Single Life Benefit 1.60%
SecureSource Core® — Joint Life Benefit 1.70%
SecureSource Core Plus® — Single Life Benefit - Currently Unavailable NA
SecureSource Core Plus® — Joint Life Benefit - Currently Unavailable NA
SecureSource Legacy® death benefit .25%
Accumulation Protector Benefit® (APB®) - Currently Unavailable NA
Benefit Protector® Death Benefit (BP) 0.25%
Enhanced Legacy® Benefit 0.95%

Contract charge

$30 annual charge. (Waived for contracts $50,000 and over; not waived at full surrender.)

RiverSource offers two categories of investing solutions for your variable annuity

Individual Funds image

Asset Allocation Portfolios

Asset allocation and risk managed portfolios are “funds of funds” that are broadly diversified across asset classes, market sectors and holdings. These funds are designed to provide growth while addressing market risk and volatility.

Asset Allocation image

Individual Funds

Over 90 expertly selected individual funds offer the opportunity to build a customized portfolio from a variety of investment types including equity funds, fixed income funds and sector and alternative funds.


When selecting optional benefits

Some optional annuity benefits require you to invest in a select group of asset allocation funds that can help manage volatility in your annuity while providing broad diversification. Your Ameriprise Financial advisor can help you determine which funds are available to you, depending on the optional benefits you select.

Diversification does not assure a profit or protect against a loss.

Optional benefits provide increased protection

RiverSource® annuities can help with a wide range of retirement needs, including protecting your wealth, providing lifetime income guarantees and leaving a legacy. Optional benefits, available for an additional fee, can be added to your annuity contract to meet your specific goals and needs.

Living Benefits

Optional living benefits can protect your investment, offer opportunities for guaranteed income growth while you are accumulating, and provide guaranteed income for life.

Death Benefits

Share your legacy with the people and causes you care about with a selection of death benefit options that can help protect your investment for your beneficiaries and even increase what you leave behind.