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 Choice® 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 contract date)


Completed Years 1 2 3 4 5 6 7 8 9 10+
7-year Charge 7% 7% 7% 6% 5% 4% 2% 0% 0% 0% 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Cumulative earnings or 10% of the prior anniversary contract value can be annually withdrawn without charge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

Investment Features and Options

Special Dollar Cost Averaging fixed account (SDCA)

  • 6 and 12 month DCA
  • No minimum

Current applicable charges deducted from performance include a 1.20% Mortality and Expense (M & E) fee and administrative charge, if applicable, $50 contract administrative charge and 7.00% 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 411381.

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 Values

    The unit value shown below is after deduction of the annuity's 1.20% 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

    • 7-year M&E: 1.20% (through year 10); 0.95% (years 11+)

    Optional Living and Death Benefit fees


    Fee added to M&E fee

    Return of Purchase Payments (ROPP) death benefit


    Maximum Five Year Anniversary Value (MAV5) death benefit


    Maximum Anniversary Value (MAV) death benefit



    Annual Charge
    Currently Available:

    SecureSource 4® — Single Life Benefit


    SecureSource 4® — Joint Life Benefit


    SecureSource 4 Plus® — Single Life Benefit


    SecureSource 4 Plus® — Joint Life Benefit


    SecureSource Core® — Single Life Benefit


    SecureSource Core® — Joint Life Benefit


    SecureSource Core Plus® — Single Life Benefit - Currently Unavailable


    SecureSource Core Plus® — Joint Life Benefit - Currently Unavailable


    SecureSource Legacy® death benefit


    Accumulation Protector Benefit® (APB®) - Currently Unavailable


    Benefit Protector® Death Benefit (BP)


    Enhanced Legacy® Benefit



    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 Choice variable annuity

    RiverSource® RAVA 5 Choice 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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