Talk to your advisor to find out if variable annuities are right for you and your financial needs.

RAVA 5 Advantage® variable annuity - New York

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 (PDF).


Getting started

Minimum initial payment: Qualified - $1,000; Non-qualified - $2,000

Minimum additional payments: $50

Maximum issue age: 90

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).



Surrender charges (based on each premium payment)

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

For Inherited IRAs: the 10-year surrender charge schedule is not available.


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Cumulative earnings or 10% of the prior anniversary contract value can be annually withdrawn without charge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. Check your product prospectus for more information.


Systematic withdrawals

$50 monthly minimum


Investment features and options


Special Dollar Cost Averaging fixed account (SDCA)
  • 6 and 12 month DCA
  • Rates are similar to the regular fixed account
  • No minimum

Current applicable charges deducted from performance include a 1.10% Mortality and Expense (M & E) fee and administrative charge, if applicable, $50 contract administrative charge and 8.00% declining surrender charge for purchase payments less than 7 years old. The fees you are paying may be different. Refer to your contract for details. The contract form number for this product is 411380-NY.

Performance report

Performance report (PDF)
Average Annual Total Returns(%)
Since Commencement of the Subaccount Since Commencement of the Fund
Subaccount Category Fund &
Incept. Date
YTD 1 Yr 3 Yr 5 Yr 10
1 Yr 3 Yr 5 Yr 10

    *If subaccount or fund is less than 1 year old, the reported returns are cumulative, not annualized.

    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.

    We show actual performance from the date the subaccounts began investing in the funds. We also show performance from the commencement date of the funds as if the annuity existed at that time, which it did not.

    Subaccount inception date is the date on which a price level (based on various benefits and fees) is first offered in any product. If that same price level is later added to another product, we continue to use the original inception date. In one product, there can be multiple price levels invested in the same underlying fund.

    A fund underlying your contract in which a subaccount invests may have a name, portfolio manager, objective, strategies and characteristics that are the same or substantially similar to those of a publicly-traded retail mutual fund. Despite these similarities, an underlying fund is not the same as any publicly-traded retail mutual fund. Each underlying fund will have its own unique portfolio holdings, fees, operating expenses and operating results. The results of each underlying fund may differ significantly from any publicly-traded retail mutual fund.

    Variable annuities are insurance products that are complex, long-term investment vehicles that are subject to market risk, including the potential loss of principal invested.

    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) 504-0469. Read the prospectus carefully before you invest.

    RiverSource Life Insurance Co. of New York offers several different annuities which your investment professional may be authorized to offer you. Each annuity has different features and benefits that may be appropriate for you based on your financial situation and needs, your risk tolerance, your age and how you intend to use the annuity. The different features and benefits may include the investment options, fund managers, interest rate amounts, guarantees, bonus crediting, surrender charge schedules, optional riders and access to annuity account values. The fees and charges may also be different among the annuity contracts we offer. Keep in mind that all guarantees are based on the continued claims paying ability of the issuing company and on variable annuities do not apply to the performance of the variable subaccounts, which will vary with market conditions.

    Cash Management
    An investment in the Cash Management fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to maintain the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. The 7-day yields shown reflect more closely the earnings of the fund than the total return numbers. Short-term yields may be higher or lower than the figures shown. Contact your advisor or call 1(800) 862-7919 for the most current yield.

    U.S. Equities
    Mid Cap: Stocks of medium sized companies involve greater risks and volatility than stocks in larger, more established companies. Small-Cap: Stocks of small-sized companies are more volatile and less liquid than the stocks of larger companies. Small company securities involve special risks such as relatively small revenues, limited product lines, and small market shares.

    International Stock
    International investment involves increased risk and volatility due to potential political and economic instability, currency fluctuations, and differences in financial reporting and accounting standards and oversight. Risks are particularly significant in emerging markets.

    There are risks associated with an investment in a bond fund, including credit risk, interest rate risk, prepayment risk, and extension risk. In general, bond prices rise when interest rates fall and vice versa. This effect is more pronounced for longer-term securities.

    Non-investment grade bonds, commonly called "high-yield" or "junk" bonds, have more volatile prices and carry more risk to principal and income than investment grade securities.

    Funds whose investments are concentrated in a specific industry, sector, or geographic area may be subject to a higher degree of market risk than funds whose investments are diversified.

    While commodities carry risk levels comparable to equities, their prices can be impacted by a wide range of forces including; demographic and technological change, weather, geopolitical events, etc. These factors may lead uncertainly in the marketplace, causing individual commodity prices to move sharply higher or lower. This potential for increased volatility may not make this investment suitable for all investors.

    Real Estate
    Real estate investments are a narrowly focused sector investment and may exhibit higher volatility than investments with broader investment objectives. An investment in real estate is subject to the same risks as a direct investment in real estate. Such risks include market risk, economic risk and mortgage rate risk.

    Pyramis® Trademark
    Pyramis® is a registered service mark of FMR LLC. Used Under License.

    S&P Trademark
    Standard & Poor's®, S&P, S&P 500® and Standard & Poor's 500® are trademarks of The McGraw-Hill Companies, Inc. These trademarks have been licensed for use by Ameriprise Financial Services, Inc. The Fund is not sponsored, endorsed, sold or promoted by Standard & Poor's or any of its subsidiaries or affiliates (the Licensors) and the Licensors make no representation regarding the advisability of investing in the Fund.

    Daily Unit Values

    The unit values shown below are after deduction of the annuity's mortality & expense (M&E) fee, which includes the standard death benefit. The M&E fee is 1.10% for contracts with a 7-year surrender charge and 0.95% for 10-year.

    Daily unit value report

    Surrender charge

    Tax type


    Subaccount Category Unit Value Daily Change Daily % Change
    Fees & Charges
    Total Mortality & Expense (M&E) fee  
    7-year M&E (through year 10) 1.10%
    7-year M&E (years 11+) 0.95%
    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
    SecureSource Tempo NYSM — Single 1.55%
    SecureSource Tempo NYSM — Joint Life Benefit 1.65%
    SecureSource Legacy® death benefit 0.25%
    Contract charge  
    Annual charge* $50

    *Waived for contracts $50,000 and over; not waived at full surrender.

    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 80 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 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.

    Talk to an advisor

    Talk to an Ameriprise advisor to discuss how RiverSource solutions can help you. Don’t have an advisor? Find one who is right for you now.

    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