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 Access® variable annuity

Available only as an inherited nonqualified stretch annuity. As a beneficiary of a nonqualified annuity, you can choose to open a new tax deferred annuity and invest it as you wish. You will receive annual required distributions that will allow you to ‘stretch’ out the taxes you owe over your lifetime.

Variable annuities are long-term investment vehicles. For further information, read the prospectus.


Getting Started

  • Minimum initial payment: $10,000
  • Minimum additional payments: $50. Allowed only before the first required distribution and only via a tax-free exchange by combining multiple amounts from the same original decedent.
  • Maximum issue age: 90


Surrender charge: None

Systematic withdrawals

  • $50 monthly minimum

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

Current applicable charges deducted from performance include a 1.50% Mortality and Expense (M & E) fee and administrative charge, if applicable, and a $50 contract administrative charge. The fees you are paying may be different. Refer to your contract for details. Premium taxes, where applicable, are not reflected in these total returns. If they had been included, the returns would be lower. The contract form numbers for this product are ICC12 411382, 411382 and state variations. No new contracts are currently being sold.

Performance Report

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Average Annual Total Returns(%)
Since Commencement of the Subaccount Since Commencement of the Fund
Subaccount Asset Class Fund &
Incept. Date
YTD 1 Yr 3 Yr 5 Yr 10
1 Yr 3 Yr 5 Yr 10
    Daily Unit Value

    The unit value shown below is after deduction of the annuity's 1.50% mortality & expense (M&E) fee, which includes the standard death benefit.

    Daily Unit Value Report

    Subaccount Asset Class Unit Value Daily Change Daily % Change

    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.

    Fees & Charges

    Total Mortality & Expense (M&E) fee

    • 0.95%

    Optional Death Benefit fees

    Return of Purchase Payment (ROPP) Included with your M&E fee if age 79 or younger
    0.35% added to your M&E fee if age 80 or older
    Maximum Anniversary Value (MAV)  0.25% added to your M&E fee
    Maximum Anniversary Value 5 (MAV5)

    0.10% added to your M&E fee

    Enhanced Legacy® benefit (ELB) 0.95% of contract aniversary value or guaranteed death benefit amount whichever is greater through age 85.
    0.95% of guaranteed death benefit amount after age 85.
    Benefit Protector® rider (BP) 0.25% of contract anniversary annually

    Contract charge

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

    Investing Solutions

    RiverSource offers two categories of investing solutions for your variable annuity

    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.

    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

    Optional death benefits provide increased protection

    Share your legacy with the people and causes you care about with a selection of optional death benefits, available for an additional fee, that can be added to your annuity contract to help protect your investment for your beneficiaries and even increase what you leave behind.

    Related Literature

    Please contact your advisor with any questions.

    RiverSource® RAVA 5 Access variable annuity

    At a glance brochure

    RiverSource® RAVA 5 Access variable annuity

    Talk with your Ameriprise financial advisor today to learn more about how RiverSource annuities can help you reach your retirement goals. Or, call our Ameriprise Advisor Center at 800-257-8740 8 a.m. to 5 p.m. Central time Monday through Friday.

    The guarantees offered by RiverSource® annuities are backed by the strength and soundness of RiverSource Life Insurance Company and, in New York, RiverSource Life Insurance Co. of New York, and are subject to their claims-paying ability. These guarantees do not apply to the investments in the annuity, which will vary with market conditions. 

    View important information about annuities, including how to request a variable annuity prospectus

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