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 - 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.


Getting Started

  • Minimum initial payment: Qualified - $1,000; Non-qualified - $2,000
  • 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).
  • Minimum additional payments: $50
  • Maximum issue age: 90


Surrender charges (based on each purchase payment)

Completed Year 0 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%

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Cumulative earnings or 10% of the prior anniversary contract value can be annually withdrawn without charge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

Regular fixed account

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

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

Download PDF
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 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

    Subaccount Asset Class Unit Value Daily Change Daily % Change
    Fees & Charges

    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 NY® — Single  1.55%
    SecureSource 4 NY® — Joint Life Benefit 1.65%
    SecureSource 4 Plus NY® — Single  1.70%
    SecureSource 4 Plus NY® — Joint Life Benefit 1.80%
    SecureSource Core NY® — Single 1.60%
    SecureSource Core NY® — Joint Life Benefit 1.70%
    SecureSource Core Plus NY® — Single - Currently Unavailable NA
    SecureSource Core Plus NY® — Joint Life Benefit - Currently Unavailable NA
    SecureSource Legacy® death benefit 0.25%
    Accumulation Protector Benefit® (APB®) - Currently Unavailable NA

    Contract charge

    $50 annual charge. (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 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 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.

    Related Literature

    Please contact your advisor with any questions.

    RiverSource® RAVA 5 Advantage variable annuity - New York

    RiverSource® RAVA 5 Advantage variable annuity - New York

    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