Form 497VPU RIVERSOURCE VARIABLE

April 29, 2026 11:47 AM EDT
RiverSource®
Variable Universal Life Insurance III
AN INDIVIDUAL FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY
New policies are not currently being offered. 
Issued by:
RiverSource Life Insurance Company (RiverSource Life)
 
70100 Ameriprise Financial Center
Minneapolis, MN 55474
Telephone: 1-800-862-7919
(Service Center)
Website address: riversource.com/lifeinsurance
RiverSource Variable Life Separate Account 
Updating Summary Prospectus
May 1, 2026
The Prospectus for the RiverSource Variable Universal Life Insurance III (VUL III) (the Contract) is available and contains more information about the Contract, including its features, benefits and risks. You can find the current prospectus and other information about the Contract online at riversource.com/lifeinsurance. You can also obtain this information at no cost by calling 1-800-862-7919 or by sending an email request to [email protected].
Additional information about certain investment products, including variable life insurance, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.
RiverSource Variable Universal Life III — Summary Prospectus 1
Key Terms
These terms can help you understand details about your policy.
Accumulation Unit: An accounting unit used to calculate the value of the Subaccounts.
Attained Insurance Age: The Insured's Insurance Age plus the number of Policy Anniversaries since the Policy Date. Attained Insurance Age changes only on a Policy Anniversary.
Beneficiary: The person(s) or entity(ies) designated to receive the death benefit Proceeds.
Cash Surrender Value: Proceeds received if you surrender the policy in full. The Cash Surrender Value equals the Policy Value minus Indebtedness and any applicable Surrender Charges.
Code: The Internal Revenue Code of 1986, as amended.
Duration: The number of years a policy is in force. For example, Duration 1 is the first year the policy is in force and Duration 15 is the 15th year the policy is in force.
Fixed Account: The portion of the Policy Value that earns interest at a fixed rate not less than the guaranteed interest rate as shown under Policy Data.
Fixed Account Value: The portion of the Policy Value that you allocate to the Fixed Account, including Indebtedness.
Full Surrender: The withdrawal of the full Cash Surrender Value and termination of the policy.
Funds: Mutual funds or portfolios, each with a different investment objective. (See “The Variable Account and the Funds.”) Each of the Subaccounts of the Variable Account invests in a specific one of these Funds.
Good Order: We cannot process your transaction request relating to the policy until we have received the request in Good Order at our Service Center. “Good Order” means the actual receipt of the requested transaction in writing, along with all information, forms and supporting legal documentation necessary to effect the transaction. To be in “Good Order,” your instructions must be sufficiently clear so that we do not need to exercise any discretion to follow such instructions. This information and documentation generally includes your completed request; the policy number; the transaction amount (in dollars); the names of and allocations to and/or from the Subaccounts and the Fixed Account affected by the requested transaction; Social Security Number or Taxpayer Identification Number; and any other information, forms or supporting documentation that we may require. For certain transactions, at our option, we may require the signature of all policy Owners for the request to be in Good Order. With respect to purchase requests, “Good Order” also generally includes receipt of sufficient payment by us to effect the purchase. We may, in our sole discretion, determine whether any particular
transaction request is in Good Order, and we reserve the right to change or waive any Good Order requirements at any time.
Indebtedness: All existing loans on the policy plus interest that has either been accrued or added to the policy loan.
Insurance age: The Insured’s Age, based upon his or her last birthday on the date of the application.
Insured: The person whose life is insured by the policy.
Lapse: The policy ends without value and no death benefit is paid.
No Lapse Guarantee (NLG): A feature of the policy guaranteeing that the policy will not Lapse before the Insured has Attained Insurance Age 70 (or five policy years, if later) (always five policy years if the policy is purchased in New Jersey, Massachusetts or Texas). The guarantee is in effect if you meet certain premium payment requirements.
Owner: The entities to which, or individuals to whom, we issue the policy or to whom you subsequently transfer ownership. The Owner is authorized to make changes to the policy and request transactions involving Policy Value. In the prospectus “you” and “your” refer to the Owner.
Policy Anniversary: The same day and month as the Policy Date each year the policy remains in force.
Policy Data: The portion of the policy that includes specific information on your policy regarding your policy’s benefits, amount and duration of guaranteed charges, premium information, and other benefit data applicable to the Insured.
Policy Date: The date we issue the policy and from which we determine policy anniversaries, policy years and policy months. The Policy Date is shown under Policy Data.
Policy Value: The sum of the Fixed Account Value plus the Variable Account Value.
Proceeds: The amount payable under the policy as follows:
•
Upon death of the Insured prior to the date the Insured has Attained Insurance Age 100, Proceeds will be the death benefit in effect as of the date of the Insured’s death, minus any Indebtedness.
•
Upon death of the Insured on or after the Insured has Attained Insurance Age 100, Proceeds will be the Cash Surrender Value.
•
On Full Surrender of the policy, the Proceeds will be the Cash Surrender Value.
Risk Classification: The sex and underwriting classification for the Insured, including tobacco use.
RiverSource Life: In this prospectus, “we,” “us,” “our” and “RiverSource Life” refer to RiverSource Life Insurance Company.
RiverSource Variable Universal Life III — Summary Prospectus 3
Service Center: Our department that processes all transaction and service requests for the policies. We consider all transaction and service requests received when they arrive in Good Order at the Service Center. Any transaction or service requests sent or directed to any location other than our Service Center may end up delayed or not processed. Our Service Center address and telephone number are listed on the first page of the prospectus.
Specified Amount: An amount chosen by you that we use to determine the death benefit and the Proceeds payable upon death of the Insured prior to the Insured’s Attained Insurance Age 100 Policy Anniversary. If death benefit option 1 is chosen, this is the amount of life insurance coverage you want. For death benefit option 2, this is the minimum amount of life insurance coverage. We show the initial Specified Amount you have chosen in your policy.
Subaccounts: Each Subaccount is a separate investment division of the Variable Account and invests in a particular portfolio or Fund.
Surrender Charge: A charge we assess against the Policy Value at the time of surrender, or if the policy Lapses, during the first ten years of the policy and for ten years
after an increase in coverage.
Valuation Date: Any normal business day, Monday through Friday, on which the New York Stock Exchange (NYSE) is open, up to the time it closes, generally 4:00 PM Eastern Time. At the NYSE close, the next Valuation Date begins. We calculate the Accumulation Unit value of each Subaccount on each Valuation Date. If we receive your transaction request at our Service Center before the Close of Business, we will process your transaction using the Accumulation Unit value we calculate on the Valuation Date we received your transaction request in Good Order. On the other hand, if we receive your transaction request in Good Order at our Service Center at or after the Close of Business, we will process your transaction using the Accumulation Unit value we calculate on the next Valuation Date. If you make a transaction request by telephone (including by fax), you must have completed your transaction by the Close of Business in order for us to process it using the Accumulation Unit value we calculate on that Valuation Date. If you were not able to complete your transaction before the Close of Business for any reason, including telephone service interruptions or delays due to high call volume, we will process your transaction using the Accumulation Unit value we calculate on the next Valuation Date.
Variable Account: RiverSource Variable Life Separate Account consisting of Subaccounts, each of which invests in a particular Fund. The Policy Value in each Subaccount depends on the performance of the particular Fund.
4 RiverSource Variable Universal Life III — Summary Prospectus
Updated Information About Your Policy
Updated Information You Should Consider About the Policy
 
There have been no changes to the Contract during the applicable time period.
RiverSource Variable Universal Life III — Summary Prospectus 5
Key Information Table
Important Information You Should Consider About the Policy 
 
FEES AND EXPENSES
Location in
Statutory
Prospectus
Charges for Early
Withdrawals
If you surrender your policy for its full Cash Surrender Value, or the policy
Lapses, during the first ten years and for ten years after requesting an
increase in the Specified Amount, you will incur a surrender charge. The
Surrender Charges are set based on various factors such as the Insured’s
Insurance Age (or Attained Insurance Age at the time of a requested
increase in the Specified Amount), Risk Classification, and the number of
years the policy has been in force (or for the number of years from the
effective date of an increase in the Specified Amount).
The maximum initial Surrender Charge rate that would be charged on any
policy would be $47.51 per $1,000 of Initial Specified Amount. Therefore,
if a Full Surrender occurs on a policy that was issued with a $1,000,000
Initial Specified Amount, the maximum initial Surrender Charge would be
$47,510 which is $47.51 times $1,000,000 divided by 1,000.
The surrender charges are shown under the Policy Data page of your policy.
Fee Tables
Transaction Fees
Base Policy
Charges
Transaction
Charges
In addition to surrender charges, you may also incur charges on other
transactions, such as a premium expense charge, partial surrender
charge, express mail fee, electronic fund transfer fee, and fees imposed
when exercising your rights under the Automatic Increase Benefit Rider. If
you take a loan against the policy, you will be charged a loan interest rate
on any outstanding balance until the loan is paid off.
Fee Tables
Ongoing Fees and
Expenses (annual
charges)
In addition to surrender charges and transaction charges, an investment in
the policy is subject to certain ongoing fees and expenses, including fees
and expenses covering the cost of insurance under the policy and the cost
of the following riders if elected as optional benefits available under the
policy: Accelerated Benefit Rider for Terminal Illness, Accidental Death
Benefit Rider, Automatic Increase Benefit Rider, Children’s Insurance Rider
and the Waiver of Monthly Deduction Rider. Such fees and expenses are
set based on various factors such as the Insured’s Risk Classification,
Insurance Age, sex and the number of years the policy is in force. You
should review the rates, fees and charges under the Policy Data page of
your policy.
You will also bear expenses associated with the Funds offered under the
policy, as shown in the following table:
Fee Tables
Transaction Fees
Base Policy
Charges
Annual Fee
Minimum
Maximum
Underlying Fund options
(Funds fees and expenses)(1)
0.39%
2.32%
(1) As a percentage of fund assets.
 
RISKS
 
Risk of Loss
You can lose money by investing in this policy including loss of principal.
Principal Risks
Not a Short-Term
Investment
The policy is not suitable as a short-term investment and is not appropriate
for an investor who needs ready access to cash.
The policy is a long-term investment that is primarily intended to provide a
death benefit that we pay to the Beneficiary upon the Insured’s death.
Your policy has little or no Cash Surrender Value in the early policy years.
During early policy years the Cash Surrender Value may be less than the
premiums you pay for the policy.
Your ability to take partial surrenders is limited. You cannot take partial
surrenders during the first policy year.
Principal Risks
6 RiverSource Variable Universal Life III — Summary Prospectus
 
RISKS
Location in
Statutory
Prospectus
Risks Associated
with Investment
Options
•An investment in the policy is subject to the risk of poor investment
performance and can vary depending on the performance of the
investment options available under the policy.
• Each investment option (including the Fixed Account) has its own unique
risks.
• You should review the investment options before making an investment
decision.
• If the death benefit is option 2, the death benefit could decrease from
the death benefit on the previous Valuation Date due to adverse
investment experience.
Principal Risks
The Variable
Account and the
Funds
Insurance
Company Risks
An investment in the policy is subject to the risks related to RiverSource
Life Insurance Company ("RiverSource Life"). Any obligations (including
under the Fixed Account) or guarantees and benefits of the policy that
exceed the assets of the Variable Account are subject to RiverSource Life’s
claims-paying ability. If RiverSource Life experiences financial distress,
RiverSource Life may not be able to meet their obligations to you. More
information about RiverSource Life, including their financial strength
ratings, is available by contacting RiverSource Life at 1-800-862-7919.
Additional information regarding the financial strength of RiverSource Life
can be accessed at: strengthandsoundness.com.
Principal Risks
The General
Account
Policy Lapse
Insufficient premium payments, fees and expenses, poor investment
performance, full and partial surrenders, and unpaid loans or loan interest
may cause the policy to Lapse. There is a cost associated with reinstating
a Lapsed policy. Death benefits will not be paid if the policy has Lapsed.
Your policy may not Lapse if the No Lapse Guarantee is in effect. Also, your
policy enters a grace period before Lapsing, allowing you additional time to
pay the amount required to keep the policy in force.
Keeping the Policy
in Force
 
RESTRICTIONS
 
Investments
•We reserve any right to limit transfers of value from a Subaccount to
one or more Subaccounts or to the Fixed Account to five per policy year,
and we may suspend or modify this transfer privilege at any time with
the necessary approval of the Securities and Exchange Commission.
• Your transfers among the Subaccounts are subject to policies designed
to deter market timing.
• The minimum transfer amount from an investment option is $50, if
automated, and $250 by mail or telephone.
• On the Insured’s Attained Insurance Age 100 anniversary, any Policy
Value in the Subaccounts will be transferred to the Fixed Account and
may not be transferred to any Subaccount.
• You may only transfer into and out of the Fixed Account on a Policy
Anniversary, unless you automate such transfers.
• We reserve the right to close, merge or substitute Funds as investment
options.
• We also reserve the right, upon notification to you, to close or restrict
any Funds. We will obtain any necessary approval of the Securities and
Exchange Commission.
• We generally limit purchase payments in excess of $1,000,000.
Transfers Among
the Fixed Account
and Subaccounts
Substitution of
Investments
RiverSource Variable Universal Life III — Summary Prospectus 7
 
RESTRICTIONS
Location in
Statutory
Prospectus
Optional Benefits
•
• Accelerated Benefit Rider for Terminal Illness (ABRTI): The ABRTI
has certain conditions that must be satisfied to exercise the benefit of
these riders. 
• Accidental Death Benefit Rider (ADB): The ADB is not available for all
Insurance Ages or Risk Classifications that would be Insured under the
base policy. The ADB has termination dates prior to the termination date
of the base policy. The ADB has certain conditions that must be
satisfied to exercise the benefit of these riders.
• Automatic Increase Benefit Rider (AIBR): The AIBR is only available at
policy issuance. The AIBR is not available for all Insurance Ages or Risk
Classifications that would be Insured under the base policy. The AIBR
has termination dates prior to the termination date of the base policy. 
• Children's Insurance Rider (CIR): The CIR is not available for all
Insurance Ages or Risk Classifications that would be Insured under the
base policy. The CIR has termination dates prior to the termination date
of the base policy. The CIR provides death benefit proceeds on someone
other than the Insured of the base policy.
• Waiver of Monthly Deduction Rider (WMD): The WMD is not available
for all Insurance Ages or Risk Classifications that would be Insured
under the base policy. The WMD has termination dates prior to the
termination date of the base policy. The WMD has certain conditions
that must be satisfied to exercise the benefit of these riders.
• Other Insured Rider (OIR): The OIR has termination dates prior to the
termination date of the base policy.
Additional
Information About
Standard Benefits
(Other than
Standard Death
Benefits)
 
TAXES
 
Tax Implications
•You should consult with a tax professional to determine the tax
implications of an investment in and payments received under the policy.
• If you purchased the policy through a tax-qualified plan, there is no
additional tax deferral benefit under the policy. Earnings under your
policy are taxed at ordinary income tax rates when withdrawn.
• If your policy is a modified endowment contract, you may have to pay a
10% tax penalty if you take a withdrawal before age 59½.
Taxes
 
CONFLICTS OF INTEREST
 
Investment
Professional
Compensation
In general, we pay selling firms and their sales representatives’
compensation for selling the policy.
In addition to commissions, we may, in order to promote sales of the
policies, pay or provide selling firms with other promotional incentives in
cash, credit or other compensation. These promotional incentives or
reimbursements may be calculated as a percentage of the selling firm’s
aggregate, net or anticipated sales and/or total assets attributable to
sales of the policy, and/or may be a fixed dollar amount. Selling firms and
their sales representatives may have a financial incentive to recommend
the policy over another investment.
Distribution of the
Policy
Exchanges
If you already own an insurance policy, some financial representatives may
have a financial incentive to offer you a new policy in place of one you
already own. You should only exchange an existing policy if you determine,
after comparing the features, fees and risks of both policies, that it is
better for you to purchase the new policy rather than continue to own your
existing policy.
For additional
information, see
1035 exchanges
under Other Tax
Considerations
8 RiverSource Variable Universal Life III — Summary Prospectus
Other Benefits Available Under the Contract
In addition to the standard death benefit(s) associated with your contract, other standard and/or optional benefits may also be available to you. The following table summarizes information about those benefits. Information about the fees associated with each benefit included in the table may be found in the Fee Table. 
Name of Benefit
Purpose
Is the Benefit
Standard or
Optional
Brief Description of Restrictions /
Limitations
Accelerated
Benefit Rider for
Terminal Illness
(ABRTI)
The ABRTI allows the Owner to withdraw
part of the death benefit if the Insured
becomes terminally ill.
Optional
•If the Insured is terminally ill and
death is expected to occur within six
months (twelve months in some
states), the rider provides that you
can withdraw a portion of the death
benefit prior to death.
• The accelerated benefit creates a lien
against the policy’s death benefit.
Interest will be added to the lien as it
accrues.
• At the Insured’s death, the policy’s
Beneficiary would receive only the
death benefit remaining after the lien
has been deducted.
• When benefits are accelerated,
RiverSource Life reserves the right to
charge an administrative charge as
described in the policy.
• Premium payments and monthly
deductions will continue on the base
policy after the acceleration of
benefits, unless there is a WMD rider
attached to the policy.
• If there is a WMD rider, monthly
deductions will stop.
Accidental Death
Benefit (ADB)
The Accidental Death Benefit rider
provides for an additional death benefit
if the Insured’s death is caused by
accidental injury prior to the Attained
Insurance Age70Policy Anniversary.
Optional
•The death must occur within 180
days of the injury to be considered
for the accidental death benefit.
Automatic
Increase Benefit
Rider (AIBR)
The Automatic Increase Benefit Rider
(AIBR) provides for an increase in the
Specified Amount on each Policy
Anniversary without evidence of
insurability. The amount of the increase
will be based on a percentage of the
Specified Amount in effect at the time of
the increase. The percent is chosen by
the policy Owner at the time of
application.
Optional
•The percentage cannot be changed
once the policy has been issued.
• The AIBR cannot be added to policies
rated substandard.
RiverSource Variable Universal Life III — Summary Prospectus 9
Name of Benefit
Purpose
Is the Benefit
Standard or
Optional
Brief Description of Restrictions /
Limitations
Automated
Transfers
Automated transfer arrangements allow
you to set up periodic transfers at a set
interval (i.e. monthly, quarterly, etc.)
from one investment option to one or
more investment option(s) under the
policy.
Standard
•Only one automated transfer
arrangement can be in effect at any
time.
•  Only one account can be used as the
source of funds in the automatic
transfer arrangement.
•  If the Fixed Account is the source of
funds, you cannot set up an
automated transfer amount that
would deplete the Fixed Account in
less than 12 months.
•  If the value of the source of funds
account is less than the requested
automated transfer amount, that
occurrence of the automated transfer
will not process.
•  The minimum automatic transfer
amount is $50.
•  You must allow seven days for us to
change any automated transfer
arrangement instructions that are
currently in place.
•  If you made a transfer from the Fixed
Account to one or more Subaccounts,
you may not make a transfer from
those Subaccounts back to the Fixed
Account until the next Policy
Anniversary.
Asset
Rebalancing
The asset rebalancing feature
automatically transfers Policy Value
between Subaccounts at set intervals
(i.e. monthly, quarterly, etc.) to
correspond to your chosen allocation
percentages among Subaccounts
Standard
•The Policy Value reallocated must be
at least $2,000 at the time the asset
rebalancing is set up.
•  Asset rebalancing does not apply to
Policy Value in the Fixed Account.
•  Asset rebalancing must occur
quarterly, semiannually or annually.
•  You must allow 30 days for us to
change any asset rebalancing
instructions that currently are in
place.
10 RiverSource Variable Universal Life III — Summary Prospectus
Name of Benefit
Purpose
Is the Benefit
Standard or
Optional
Brief Description of Restrictions /
Limitations
Automated
Dollar-Cost
Averaging (DCA)
A DCA arrangement is an automated
transfer arrangement designed to help
you benefit from fluctuations in
Accumulation Unit values caused by
fluctuations in the market values of the
underlying Funds. Under a DCA
arrangement, since you invest the same
amount each period, you automatically
acquire more units when market values
fall, fewer units when it rises. The
potential effect is to lower your average
cost per unit. There is no charge for
DCA.
Standard
•Only one automated transfer
arrangement can be in effect at any
time.
•  Only one account can be used as the
source of funds in the automatic
transfer arrangement.
•  If the Fixed Account is the source of
funds, you cannot set up an
automated transfer amount that
would deplete the Fixed Account in
less than 12 months.
•  If the value of the source of funds
account is less than the requested
automated transfer amount, that
occurrence of the automated transfer
will not process.
•  The minimum automatic transfer
amount is $50.
•  You must allow seven days for us to
change any automated transfer
arrangement instructions that are
currently in place.
•  If you made a transfer from the Fixed
Account to one or more Subaccounts,
you may not make a transfer from
those Subaccounts back to the Fixed
Account until the next Policy
Anniversary.
Children’s
Insurance Rider
(CIR)
The Children’s Insurance Rider (CIR)
provides level term coverage on each
eligible child.
Optional
•The CIR automatically insures
children born to the Insured after the
date of application once they become
15 days old, and children legally
adopted by the insured, or
step-children acquired by the Insured,
after the date of application provided
they are at least 15 days old and
have not passed their 19th birthday.
• Only children who are members of the
Insured’s household (actually living
with the Insured) at the time of
application may be listed on the
application and covered under CIR.
• The insurance expires on the earlier
of the child’s 22nd birthday or the
primary insured’s age 65 Policy
Anniversary.
Waiver of
Monthly
Deduction Rider
(WMD)
Under WMD, we will waive the monthly
deduction if the Insured becomes totally
disabled for a period of 180 consecutive
days and meets certain requirements
before Age 60.
Optional
•The Specified Amount cannot be
increased while the Insured is
disabled; and
• The death benefit option cannot be
changed from option 2 to option 1.
RiverSource Variable Universal Life III — Summary Prospectus 11
Name of Benefit
Purpose
Is the Benefit
Standard or
Optional
Brief Description of Restrictions /
Limitations
Other Insured
Rider (OIR)
The OIR insures the life of one or more
people, other than the Insured under the
policy.
Optional
•OIR is available to the insured’s
spouse and/or dependent children
for other Insureds Issue Ages of
0-75.
• The minimum OIR Specified Amount
is $25,000 and the maximum is
$249,999.
• The OIR Specified Amount cannot
exceed the policy Specified Amount
by more than $50,000.
• The OIR does not develop Policy
Value.
Additional Information About Optional Benefits
When you purchase your policy, you may add any available optional benefits to your policy in the form of riders for an additional charge (unless otherwise noted).
Accelerated Benefit Rider for Terminal Illness (ABRTI). If the Insured is terminally ill and death is expected to occur within six months (twelve months in some states), the rider provides that you can withdraw a portion of the death benefit prior to death.
Example:
John Doe purchases a policy with a $200,000 specified amount and the Accelerated Benefit Rider for Terminal Illness (ABRTI). John receives a terminal illness diagnosis as defined in the policy. He elects to receive an advance of the death benefit under the ABR-TI. At that time, there are no outstanding loans on the policy and the specified amount is $200,000. He elects to receive the maximum lump sum amount available to be accelerated which is 50% x $200,000 = $100,000. A one time administrative charge equal to $250 will be paid to us using an additional accelerated benefit and increasing the total accelerated benefit. The total accelerated benefit will create a lien against the policy that will be charged interest as described in the policy. The interest charged will be paid by additional accelerated benefits and will be added to the total accelerated benefit. The policy's Proceeds payable to the Beneficiary at the time of John's death will be the base policy death benefit less the total accelerated death benefit.
Accidental Death Benefit Rider (ADB). ADB provides an additional death benefit if the Insured’s death is caused by accidental injury.
Example:
John Doe purchases a base policy with a $200,000 Specified Amount and includes an Accidental Death Benefit (ADB) rider with an accidental death benefit equal to $100,000. Prior to John's Attained Insurance Age 70 Policy Anniversary, he dies within 180 days of an accidental injury and his death was a direct result of the accidental injury. The total Proceeds payable to the Beneficiary will be $300,000 which is equal to the base policy Proceeds of $200,000 plus the accidental death benefit of $100,000.
Automatic Increase Benefit Rider (AIBR). AIBR provides an increase in the Specified Amount at a designated percentage on each Policy Anniversary until the earliest of the Insured’s Attained Insurance Age 65 or the occurrence of certain other events, as described in the rider.
Example:
John Doe purchases a base policy with a $200,000 Specified Amount and the Automatic Increase Benefit Rider (AIBR) of 5%. On the first Policy Anniversary, the Specified Amount will increase to $210,000 which is the original Specified Amount of $200,000 times 1.05. A similar increase will automatically occur on each policy anniversary and no evidence of insurability will be required. The maximum amount of each annual increase is $25,000 and the lifetime maximum of all annual increases combined is $750,000. Automatic increases will occur until the earlier of John's Attained Insurance Age 65 Policy Anniversary or the lifetime maximum increased is reached.
Children’s Insurance Rider (CIR): CIR provides level term coverage on each eligible child.
Example:
12 RiverSource Variable Universal Life III — Summary Prospectus
Jane Doe purchases a base policy and the Children's Insurance Rider with a rider benefit amount equal to $8,000. John Doe is the insured of the base policy and Jane is the owner. All of John's children, as defined in the policy, are insured under this rider. If a child of John's dies prior to the child's 22nd birthday and John's Attained Insurance Age 65 Policy Anniversary, the $8,000 rider benefit will be paid to Jane.
Waiver of Monthly Deduction Rider (WMD): Under WMD, we will waive the monthly deduction for a period of time if the Insured becomes totally disabled.
Example:
John Doe purchases a base policy and the Waiver of Monthly Deduction rider. At Attained Insurance Age 55, John becomes totally disabled (as defined in the policy) and meets the requirements of the rider to qualify for waiver of the monthly deductions under the rider. We will waive the monthly deduction of the policy, this rider and all other riders attached to the policy. For any month that the monthly deduction is being waived, any minimum initial premium and No-Lapse Guarantee premium for that month will be zero. Since the disability began prior to John's Attained Insurance Age 60 Policy Anniversary, we will waive monthly deductions until either John is no longer considered totally disabled or John's Attained Insurance Age 100 Policy Anniversary.
Other Insured Rider (OIR): The OIR insures the life of one or more people other than the Insured under policy.
Example:
John Doe purchases a base policy with a $300,000 Specified Amount and an OIR with a $100,000 face amount. John is the Insured covered under the base policy and Jane Doe, John's wife, is the Insured covered under the OIR. If Jane's death occurs prior to John's death while both the base policy and OIR are in force, the beneficiary of the OIR will receive the $100,000 face amount of the OIR.
Additional Information About Standard Benefits (Other than Standard Death Benefits)
In addition to the standard death benefits, other standard benefits are included with your policy at no additional cost, as described further below.
Automated Transfers: You can arrange to have Policy Value transferred from one account to another automatically. Only one automated transfer arrangement can be in effect at any time. You can transfer all or part of the value of a Subaccount to one or more of the other Subaccounts and/or to the Fixed Account. You can transfer all or part of the Fixed Account Value, minus Indebtedness, to one or more of the Subaccounts. Only one account can be used as the source of funds for any automated transfer arrangement. If the Fixed Account is the source of funds for the arrangement, you cannot set up an automated transfer amount that would deplete the Fixed Account in less than 12 months.
The minimum automated transfer amount is $50. On the date of a transfer, if the Policy Value in the source of funds account is less than the amount to be transferred under the arrangement, the transfer will not be processed.
If you made a transfer from the Fixed Account to one or more Subaccounts, you may not make a transfer from those Subaccounts back to the Fixed Account until the next Policy Anniversary.
You may make automated transfers by choosing a schedule we provide. You must allow seven days for us to change any automated transfer arrangement instructions that are currently in place.
The example below illustrates how an automated transfer arrangement works.
Example:
John Doe purchases a base policy. He makes a one-time premium payment at issue of $120,000 and allocates it all to the Fixed Account. He sets up an automated transfer arrangement to transfer $10,000 a month from the Fixed Account equally into two Subaccounts over a 12-month period. The following shows the transaction that will automatically take place each of the next 12 months. 
Policy Value Transferring Into or Out of Each Account
Frequency
Fixed Account
Subaccount #1
Subaccount #2
Monthly
-10,000
+5,000
+5,000
Dollar-Cost Averaging: Dollar-cost averaging involves investing a fixed amount at regular intervals. For example, you might have a set amount transferred monthly from a relatively conservative Subaccount to a more aggressive one, or to several others. This systematic approach can help you benefit from fluctuations in Accumulation Unit values caused by fluctuations in the market values of the underlying Fund. Since you invest the same amount each period, you automatically acquire more units when the market value falls, fewer units when it rises. The potential effect is to lower your average cost per unit. There is no charge for dollar-cost averaging.
RiverSource Variable Universal Life III — Summary Prospectus 13
Example: 
By investing an equal number
of dollars each month…
 
Month
Amount
Invested
Accumulation
Unit Value
Number
of Units
Purchased
 
Jan
$100
$20
5.00
 
Feb
100
18
5.56
you automatically buy
more units when the
per unit market price is low…
Mar
100
17
5.88
→
Apr
100
15
6.67
 
May
100
16
6.25
 
June
100
18
5.56
 
July
100
17
5.88
and fewer units
when the per unit
market price is high.
Aug
100
19
5.26
→
Sept
100
21
4.76
 
Oct
100
20
5.00
You have paid an average price of only $17.91 per unit over the ten months, while the average market price actually was $18.10.
Dollar-cost averaging does not guarantee that any Subaccount will gain in value, nor will it protect against a decline in value if market prices fall. Because this strategy involves continuous investing, your success with dollar-cost averaging will depend upon your willingness to continue to invest regularly through periods of low price levels.
Asset Rebalancing: Subject to availability, you can set up an asset rebalancing arrangement to reallocate the variable Subaccount portion of your Policy Value according to the percentages (in whole percentage amounts) that you choose. The Policy Value must be at least $2,000 at the time the arrangement is set up. Asset rebalancing does not apply to the Fixed Account. We automatically will rebalance the variable Subaccount portion of your Policy Value quarterly, semiannually or annually. The period you select will start to run on the date you specify. On the first Valuation Date of each of these periods, we automatically will rebalance your Policy Value so that the value in each Subaccount matches your current Subaccount percentage allocations. We rebalance by transferring Policy Value between Subaccounts. You can change your percentage allocations or your rebalancing period at any time. We will restart the rebalancing period you selected as of the date you specify. You may discontinue the asset rebalancing arrangement at any time. There is no charge for asset rebalancing.
Example:
John Doe purchases a base policy and requests quarterly automatic asset rebalancing. The following shows what transactions will take place on a quarterly asset rebalancing date to reallocate the $200,000 value in the Subaccounts according to the chosen Subaccount percentage allocations. 
Accounts
Asset
Rebalance
Subaccount
Percentage
Allocations
Policy Value
before Asset
Rebalancing
Asset
Rebalancing
Transactions
between
Subaccounts
Policy Value
After Asset
Rebalancing
Fixed Account
 
$50,000
 
$50,000
Subaccount #1
50%
$120,000
-$20,000
$100,000
Subaccount #2
25%
$45,000
$5,000
$50,000
Subaccount #3
25%
$35,000
15,000
$50,000
Total Policy Value
 
$250,000
 
$250,000
No-Lapse Guarantee. For additional information about these standard benefits, please see the corresponding headings under “Keeping the Policy in Force.”
Exchange for a Fixed Benefit Policy. For two years after the policy is issued, we may allow you to exchange your policy for a life insurance policy with benefits that do not vary with the investment experience of the Subaccounts (“Fixed Benefit Policy”). This is accomplished by a transfer of all of the value in the Subaccounts to the Fixed Account without charge. The rules for transferring from the Subaccounts to the Fixed Account following a Fixed Account to Subaccount transfer will be waived only once.
14 RiverSource Variable Universal Life III — Summary Prospectus
Depending on the timing and the individual circumstances surrounding the exchange, the Fixed Benefit Policy will be on the life of the same Insured and at the time of the exchange will have the same Policy Date and issue age and a death benefit at least as great as the initial death benefit of your policy (assuming no decrease in Specified Amount prior to the exchange). The exchange may be subject to an equitable cash adjustment, which will recognize the investment performance of the policy through the effective date of the exchange. An exchange will be effective when we receive a written request in Good Order.
Example:
John Doe lives in California and is the Owner and Insured of a variable universal life insurance policy. Twelve months after the policy is issued, John decides he would rather own a policy that is not subject to the investment experience of the Funds in which the Variable Account divisions that support his policy invest, and would rather own a policy that earns a fixed rate of interest. Subject to the company’s requirements, John has up to twelve more months to exchange his variable policy for a Fixed Benefit Policy without the company requiring evidence of insurability.
Changes to the Policies
We reserve the right to do any of the following:
•
make any changes necessary to maintain the status of the policy as life insurance under the Code;
•
make other changes required under federal or state law relating to life insurance;
•
suspend or discontinue sale of the policies; and
•
comply with applicable law.
We will give you any required notice and receive any regulatory approval before we make any of these changes.
RiverSource Variable Universal Life III — Summary Prospectus 15
Appendix A: Funds Available Under the Policy
The following is a list of funds available under the policy. More information about the funds is available in the prospectuses for the funds, which may be amended from time to time and can be found online at riversource.com/insurance. You can also request this information at no cost by calling 1-800-862-7919 or by sending an email request to [email protected].
The current expenses and performance information below reflects fee and expenses of the funds, but do not reflect the other fees and expenses that your policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each fund’s past performance is not necessarily an indication of future performance. 
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks to maximize total
return consistent with
AllianceBernstein's
determination of
reasonable risk.
AB VPS Dynamic Asset Allocation Portfolio
(Class B)1
AllianceBernstein L.P.
1.10%2
13.21%
4.74%
5.25%
Seeks long-term growth
of capital.
AB VPS International Value Portfolio
(Class B)
AllianceBernstein L.P.
1.17%2
41.27%
10.19%
6.37%
Seeks long-term growth
of capital.
AB VPS Large Cap Growth Portfolio (Class B)
AllianceBernstein L.P.
0.90%
12.85%
11.76%
15.88%
Seeks long-term growth
of capital.
AB VPS Relative Value Portfolio (Class B)
AllianceBernstein L.P.
0.85%2
10.20%
11.15%
10.30%
Seeks long-term capital
appreciation.
Allspring VT Opportunity Fund (Class 2)
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
subadviser.
1.00%2
6.71%
8.94%
11.85%
Seeks long-term capital
appreciation.
Allspring VT Small Cap Growth Fund
(Class 2)
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
subadviser.
1.16%
9.25%
(0.96%)
9.94%
The Portfolio seeks
investment results that
correspond (before fees
and expenses) generally
to the price and yield
performance of its
underlying index, the
Alerian Midstream
Energy Select Index (the
"Index").
ALPS | Alerian Energy Infrastructure Portfolio
(Class III)
ALPS Advisors, Inc.
1.30%
4.66%
22.06%
10.70%
Seeks high total
investment return.
BlackRock Global Allocation V.I. Fund
(Class III)3
BlackRock Advisors, LLC, adviser; BlackRock
(Singapore) Limited and BlackRock
International Limited, subadvisers.
1.01%2
19.42%
5.51%
7.33%
16 RiverSource Variable Universal Life III — Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks to achieve a
competitive total return
through an actively
managed portfolio of
stocks, bonds and
money market
instruments which offer
income and capital
growth opportunity.
Calvert VP SRI Balanced Portfolio (Class I)
Calvert Research and Management
0.65%
11.48%
8.68%
9.81%
The portfolio is
designed to achieve
positive total return
relative to the
performance of the
Bloomberg Commodity
Index Total Return
("BCOM Index").
Cantor Fitzgerald Commodity Return Strategy
Portfolio (Class 1) (previously Credit Suisse
Trust - Commodity Return Strategy Portfolio
(Class 1))
O’Connor Alternative Investments, LLC
1.05%2
15.36%
10.28%
5.59%
Seeks long-term capital
appreciation.
Columbia Variable Portfolio - Acorn Fund
Columbia Management Investment Advisers,
LLC
0.86%2
4.47%
1.02%
8.66%
Seeks long-term capital
appreciation.
Columbia Variable Portfolio - Acorn
International Fund
Columbia Management Investment Advisers,
LLC
1.01%2
12.76%
(1.00%)
4.31%
Seeks maximum total
investment return
through a combination
of capital growth and
current income.
Columbia Variable Portfolio - Balanced Fund
(Class 3)
Columbia Management Investment Advisers,
LLC
0.84%2
13.91%
8.59%
9.59%
Seeks to provide
shareholders with
long-term capital growth.
Columbia Variable Portfolio - Cornerstone
Growth Fund (Class 3) (previously Columbia
Variable Portfolio - Large Cap Growth Fund
(Class 3))
Columbia Management Investment Advisers,
LLC
0.84%
15.98%
13.90%
15.83%
Seeks to provide
shareholders with
capital appreciation.
Columbia Variable Portfolio - Disciplined
Core Fund (Class 3)
Columbia Management Investment Advisers,
LLC
0.81%
14.49%
14.02%
13.45%
Seeks to provide
shareholders with a high
level of current income
and, as a secondary
objective, steady growth
of capital.
Columbia Variable Portfolio - Dividend
Opportunity Fund (Class 3)
Columbia Management Investment Advisers,
LLC
0.78%2
15.68%
11.74%
10.29%
Seeks to provide
shareholders with
long-term capital growth.
Columbia Variable Portfolio - Emerging
Markets Fund (Class 3)
Columbia Management Investment Advisers,
LLC
1.22%2
31.02%
(1.26%)
7.13%
RiverSource Variable Universal Life III — Summary Prospectus 17
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks to provide
shareholders with
maximum current
income consistent with
liquidity and stability of
principal.
Columbia Variable Portfolio - Government
Money Market Fund (Class 3)
Columbia Management Investment Advisers,
LLC
0.47%2
3.84%
2.88%
1.81%
Seeks to provide
shareholders with high
current income as its
primary objective and,
as its secondary
objective, capital
growth.
Columbia Variable Portfolio - High Yield Bond
Fund (Class 3)
Columbia Management Investment Advisers,
LLC
0.77%2
8.54%
4.03%
5.63%
Seeks to provide
shareholders with a high
total return through
current income and
capital appreciation.
Columbia Variable Portfolio - Income
Opportunities Fund (Class 3)
Columbia Management Investment Advisers,
LLC
0.77%2
8.58%
3.76%
5.30%
Seeks to provide
shareholders with a high
level of current income
while attempting to
conserve the value of
the investment for the
longest period of time.
Columbia Variable Portfolio - Intermediate
Bond Fund (Class 3)
Columbia Management Investment Advisers,
LLC
0.66%
9.04%
(0.54%)
2.65%
Seeks to provide
shareholders with
long-term capital
appreciation.
Columbia Variable Portfolio - Large Cap Index
Fund (Class 3)
Columbia Management Investment Advisers,
LLC
0.38%2
17.43%
13.98%
14.35%
Seeks to provide
shareholders with
capital appreciation.
Columbia Variable Portfolio - Overseas Core
Fund (Class 3)
Columbia Management Investment Advisers,
LLC
0.93%
38.03%
9.05%
7.69%
Seeks to provide
shareholders with high
total return through
income and growth of
capital.
Columbia Variable Portfolio - Select
Corporate Income Fund (Class 3) (previously
Columbia Variable Portfolio - Corporate Bond
Fund (Class 3))
Columbia Management Investment Advisers,
LLC
0.60%2
7.74%
1.31%
2.05%
Seeks to provide
shareholders with
long-term growth of
capital.
Columbia Variable Portfolio - Select Large
Cap Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC
0.82%
28.10%
13.46%
12.44%
Seeks to provide
shareholders with
growth of capital.
Columbia Variable Portfolio - Select Mid Cap
Growth Fund (Class 3)
Columbia Management Investment Advisers,
LLC
0.96%2
14.98%
7.40%
12.03%
Seeks to provide
shareholders with
long-term growth of
capital.
Columbia Variable Portfolio - Select Mid Cap
Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC
0.96%2
14.01%
11.03%
10.30%
18 RiverSource Variable Universal Life III — Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks to provide
shareholders with a
level of current income
consistent with
preservation of capital.
Columbia Variable Portfolio - Select Short
Corporate Income Fund (Class 2) (previously
Columbia Variable Portfolio - Limited
Duration Credit Fund (Class 2))
Columbia Management Investment Advisers,
LLC
0.66%2
6.00%
1.90%
2.94%
Seeks to provide
shareholders with
long-term capital growth.
Columbia Variable Portfolio - Select Small
Cap Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC
0.98%2
6.44%
8.80%
8.11%
Seeks to provide
shareholders with
current income as its
primary objective and,
as its secondary
objective, preservation
of capital.
Columbia Variable Portfolio -
U.S. Government Mortgage Fund (Class 3)
Columbia Management Investment Advisers,
LLC
0.58%
9.06%
(0.19%)
1.79%
Non-diversified fund that
seeks to provide
shareholders with total
return that exceeds the
rate of inflation over the
long term.
CTIVP® - BlackRock Global Inflation-Linked
Securities Fund (Class 3) (previously CTIVP®
- BlackRock Global Inflation-Protected
Securities Fund (Class 3))
Columbia Management Investment Advisers,
LLC, adviser; BlackRock Financial
Management, Inc., subadviser; BlackRock
International Limited, sub-subadviser.
0.75%2
3.88%
(1.65%)
1.82%
Seeks to provide
shareholders with
long-term growth of
capital.
CTIVP® - Victory Sycamore Established Value
Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; Victory Capital Management
Inc., subadviser.
0.95%
2.12%
9.51%
10.57%
Seeks capital
appreciation.
DWS Alternative Asset Allocation VIP
(Class B)3
DWS Investment Management Americas
Inc., adviser; RREEF America L.L.C.,
subadvisor.
1.31%
10.03%
4.88%
4.52%
Seeks high level of
current income.
Eaton Vance VT Floating-Rate Income Fund
(Initial Class)
Eaton Vance Management
1.19%
3.95%
4.64%
4.43%
Seeks long-term capital
appreciation.
Fidelity® VIP Contrafund® Portfolio (Service
Class 2)
Fidelity Management & Research Company,
adviser; Fidelity Management & Research
Company (UK) Limited, Fidelity
Management & Research Company (Hong
Kong) Limited, Fidelity Management &
Research Company (Japan) Limited,
subadvisers.
0.79%
21.24%
15.08%
15.49%
RiverSource Variable Universal Life III — Summary Prospectus 19
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks high total return
through a combination
of current income and
capital appreciation.
Fidelity® VIP Growth & Income Portfolio
(Service Class)
Fidelity Management & Research Company,
adviser; Fidelity Management & Research
Company (UK) Limited, Fidelity
Management & Research Company (Hong
Kong) Limited, Fidelity Management &
Research Company (Japan) Limited,
subadvisers.
0.57%
21.39%
15.99%
13.73%
Seeks long-term growth
of capital.
Fidelity® VIP Mid Cap Portfolio (Service
Class)
Fidelity Management & Research Company,
adviser; Fidelity Management & Research
Company (UK) Limited, Fidelity
Management & Research Company (Hong
Kong) Limited, Fidelity Management &
Research Company (Japan) Limited,
subadvisers.
0.65%
11.66%
10.00%
10.48%
Seeks long-term growth
of capital.
Fidelity® VIP Overseas Portfolio (Service
Class)
Fidelity Management & Research Company,
adviser; Fidelity Management & Research
Company (UK) Limited, Fidelity
Management & Research Company (Hong
Kong) Limited, Fidelity Management &
Research Company (Japan) Limited, FIL
Investment Advisers, FIL Investment
Advisers (UK) Limited and FIL Investments
(Japan) Limited, subadvisers.
0.82%
20.28%
6.51%
7.82%
Seeks high total return.
Under normal market
conditions, the fund
invests at least 80% of
its net assets in
investments of
companies located
anywhere in the world
that operate in the real
estate sector.
Franklin Global Real Estate VIP Fund
(Class 2)
Franklin Templeton Institutional, LLC
1.25%2
7.93%
2.36%
3.03%
Seeks to maximize
income while
maintaining prospects
for capital appreciation.
Under normal market
conditions, the fund
invests in a diversified
portfolio of equity and
debt securities.
Franklin Income VIP Fund (Class 2)
Franklin Advisers, Inc.
0.72%
12.56%
7.66%
7.30%
20 RiverSource Variable Universal Life III — Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks capital
appreciation, with
income as a secondary
goal. Under normal
market conditions, the
fund invests primarily in
U.S. and foreign equity
securities that the
investment manager
believes are
undervalued.
Franklin Mutual Shares VIP Fund (Class 2)
Franklin Mutual Advisers, LLC
0.94%
11.52%
9.20%
7.53%
Seeks long-term total
return. Under normal
market conditions, the
fund invests at least
80% of its net assets in
investments of small
capitalization
companies.
Franklin Small Cap Value VIP Fund (Class 2)
Franklin Mutual Advisers, LLC
0.91%2
7.65%
8.86%
9.81%
Seeks long-term capital
appreciation.
Goldman Sachs VIT Mid Cap Value Fund
(Institutional Shares)
Goldman Sachs Asset Management, L.P.
0.81%2
9.39%
10.05%
10.02%
Seeks long-term growth
of capital.
Goldman Sachs VIT Small Cap Equity
Insights Fund (Institutional Shares)
Goldman Sachs Asset Management, L.P.
0.82%2
16.14%
10.47%
10.84%
Seeks long-term growth
of capital and dividend
income.
Goldman Sachs VIT U.S. Equity Insights
Fund (Institutional Shares)
Goldman Sachs Asset Management, L.P.
0.56%2
15.75%
13.81%
13.73%
Non-diversified fund that
seeks capital growth.
Invesco V.I. American Franchise Fund
(Series I Shares)
Invesco Advisers, Inc.
0.85%
11.66%
10.35%
14.87%
Seeks total return with a
low to moderate
correlation to traditional
financial market indices.
Invesco V.I. Balanced-Risk Allocation Fund
(Series II Shares)1
Invesco Advisers, Inc.
1.13%2
8.69%
2.27%
4.91%
Seeks capital growth
and income through
investments in equity
securities, including
common stocks,
preferred stocks and
securities convertible
into common and
preferred stocks.
Invesco V.I. Comstock Fund (Series II
Shares)
Invesco Advisers, Inc.
1.00%
17.14%
15.14%
11.67%
Seeks long-term growth
of capital.
Invesco V.I. Core Equity Fund (Series I
Shares)
Invesco Advisers, Inc.
0.80%
16.17%
12.81%
11.73%
Seeks capital
appreciation.
Invesco V.I. Discovery Mid Cap Growth Fund
(Series I Shares)
Invesco Advisers, Inc.
0.86%
4.79%
3.90%
11.38%
RiverSource Variable Universal Life III — Summary Prospectus 21
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks to provide
reasonable current
income and long-term
growth of income and
capital.
Invesco V.I. Diversified Dividend Fund
(Series I Shares)
Invesco Advisers, Inc.
0.68%
15.74%
10.81%
9.20%
Seeks long-term growth
of capital.
Invesco V.I. EQV International Equity Fund
(Series II Shares)
Invesco Advisers, Inc.
1.15%
16.23%
3.42%
5.95%
Seeks capital
appreciation.
Invesco V.I. Global Fund (Series II Shares)
Invesco Advisers, Inc.
1.06%
15.05%
7.01%
10.72%
Seeks total return
Invesco V.I. Global Strategic Income Fund
(Series II Shares)
Invesco Advisers, Inc.
1.20%2
12.75%
1.39%
2.76%
Seeks capital
appreciation.
Invesco V.I. Main Street Small Cap Fund®
(Series II Shares)
Invesco Advisers, Inc.
1.09%
8.44%
8.07%
10.31%
Seeks long-term growth
of capital.
Invesco V.I. Technology Fund (Series I
Shares)
Invesco Advisers, Inc.
0.96%
20.47%
10.30%
15.78%
Seeks long-term growth
of capital.
Janus Henderson Enterprise Portfolio
(Service Shares)
Janus Henderson Investors US LLC
0.97%
7.41%
7.35%
12.51%
Seeks long-term growth
of capital.
Janus Henderson Global Technology and
Innovation Portfolio (Service Shares)
Janus Henderson Investors US LLC
0.97%
24.84%
13.44%
21.18%
Seeks long-term growth
of capital.
Janus Henderson Overseas Portfolio
(Service Shares)
Janus Henderson Investors US LLC
0.96%
28.58%
9.17%
8.97%
Seeks long-term growth
of capital.
Janus Henderson Research Portfolio
(Service Shares)
Janus Henderson Investors US LLC
1.07%
18.10%
13.83%
15.59%
Seeks total return.
Lazard Retirement Global Dynamic
Multi-Asset Portfolio (Service Shares)1
Lazard Asset Management, LLC
1.05%2
15.72%
5.19%
5.93%
Seeks capital growth.
LVIP American Century International Fund
(Standard Class II)
Lincoln Financial Investments Corporation,
adviser; American Century Investment
subadviser.
0.95%2
15.98%
1.85%
6.42%
Seeks long-term capital
growth. Income is a
secondary objective.
LVIP American Century Value Fund (Standard
Class II)
Lincoln Financial Investments Corporation,
adviser; American Century Investment
subadviser.
0.71%2
16.02%
11.65%
10.23%
Seeks capital
appreciation.
MFS® Massachusetts Investors Growth
Stock Portfolio (Service Class)
Massachusetts Financial Services Company
0.97%2
9.61%
9.74%
13.98%
Seeks capital
appreciation.
MFS® New Discovery Series (Service Class)
Massachusetts Financial Services Company
1.12%2
12.56%
(0.54%)
10.46%
Seeks total return.
MFS® Utilities Series (Service Class)
Massachusetts Financial Services Company
1.03%2
14.76%
7.38%
9.22%
22 RiverSource Variable Universal Life III — Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
The Fund seeks
long-term capital growth
by investing primarily in
common stocks and
other equity securities.
Morgan Stanley VIF Discovery Portfolio
(Class II Shares)
Morgan Stanley Investment Management
Inc.
1.05%2
12.44%
(5.46%)
14.04%
Seeks to provide total
return.
Nomura VIP Asset Strategy Series (Service
Class) (previously Macquarie VIP Asset
Strategy Series (Service Class))
Delaware Management Company, adviser;
Macquarie Investment Management Global
Limited, subadviser.
0.77%2
16.66%
7.07%
7.84%
Seeks maximum real
return, consistent with
preservation of real
capital and prudent
investment
management.
PIMCO VIT All Asset Portfolio (Advisor
Class)3
Pacific Investment Management Company
LLC (PIMCO)
2.23%2
14.19%
5.49%
6.67%
Seeks maximum total
return, consistent with
preservation of capital
and prudent investment
management.
PIMCO VIT Total Return Portfolio (Advisor
Class)
Pacific Investment Management Company
LLC (PIMCO)
0.83%
8.78%
(0.08%)
2.26%
Seeks capital
appreciation.
Putnam VT Global Health Care Fund
(Class IB Shares)
Putnam Investment Management, LLC,
adviser; Franklin Advisers, Inc., Franklin
Templeton Investment Management Limited
and The Putnam Advisory Company, LLC
1.00%
15.05%
7.71%
8.36%
Seeks high current
income. Capital growth
is a secondary goal
when consistent with
achieving high current
income.
Putnam VT High Yield Fund (Class IB Shares)
Franklin Advisers, Inc., adviser; Putnam
Investment Management, LLC and Franklin
Templeton Investment Management Limited,
subadvisers.
0.96%
8.67%
4.05%
5.70%
Seeks capital
appreciation.
Putnam VT International Equity Fund
(Class IB Shares)
Putnam Investment Management, LLC,
adviser; Franklin Advisers, Inc., Franklin
Templeton Investment Management Limited
and The Putnam Advisory Company, LLC,
subadvisers.
1.06%
37.68%
9.28%
8.12%
Seeks long-term capital
appreciation.
Putnam VT Sustainable Leaders Fund
(Class IA Shares)
Putnam Investment Management, LLC,
adviser; Franklin Advisers, Inc. and Franklin
Templeton Investment Management Limited,
subadvisers.
0.63%
10.99%
10.62%
14.98%
RiverSource Variable Universal Life III — Summary Prospectus 23
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks long-term growth
of capital. Royce invests
the Fund's assets
primarily in equity
securities of micro-cap
companies, those that
have a market
capitalization not
greater than that of the
largest company in the
Russell Microcap® Index
at the time of its most
recent reconstitution.
Royce Capital Fund - Micro-Cap Portfolio
(Investment Class)
Royce & Associates, LP
1.22%
13.89%
9.17%
10.14%
Seeks high current
income, consistent with
preservation of capital,
with capital appreciation
as a secondary
consideration. Under
normal market
conditions, the fund
invests at least 80% of
its net assets in debt
securities of any
maturity.
Templeton Global Bond VIP Fund (Class 2)
Franklin Advisers, Inc.
0.75%2
15.73%
(0.96%)
(0.15%)
Seeks to achieve its
objective mainly by
acquiring common
stocks of well-financed
companies (meaning
companies with high
quality assets and
conservative levels of
liabilities) at a discount
to what the Adviser
believes is their intrinsic
value.
Third Avenue VST Third Avenue Value
Portfolio
Third Avenue Management LLC
1.31%2
34.85%
17.68%
9.66%
Seeks long-term capital
appreciation by
investing in common
stocks of gold-mining
companies. The Fund
may take current
income into
consideration when
choosing investments.
VanEck VIP Global Gold Fund (Class S
Shares)
Van Eck Associates Corporation
1.45%2
164.43%
20.00%
20.89%
Seeks to provide a high
level of total return that
is consistent with an
aggressive level of risk.
Variable Portfolio - Aggressive Portfolio
(Class 2)3
Columbia Management Investment Advisers,
LLC
1.04%
17.63%
8.13%
9.06%
Seeks to provide a high
level of total return that
is consistent with an
aggressive level of risk.
Variable Portfolio - Aggressive Portfolio
(Class 4)3
Columbia Management Investment Advisers,
LLC
1.04%
17.63%
8.13%
9.06%
24 RiverSource Variable Universal Life III — Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks to provide a high
level of total return that
is consistent with a
conservative level of
risk.
Variable Portfolio - Conservative Portfolio
(Class 2)3
Columbia Management Investment Advisers,
LLC
0.89%2
10.21%
1.62%
3.53%
Seeks to provide a high
level of total return that
is consistent with a
conservative level of
risk.
Variable Portfolio - Conservative Portfolio
(Class 4)3
Columbia Management Investment Advisers,
LLC
0.89%2
10.21%
1.64%
3.53%
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility.
Variable Portfolio - Managed Volatility
Conservative Fund (Class 2)1,3
Columbia Management Investment Advisers,
LLC
0.95%
9.17%
1.15%
3.33%
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility.
Variable Portfolio - Managed Volatility
Conservative Growth Fund (Class 2)1,3
Columbia Management Investment Advisers,
LLC
0.97%
11.02%
2.66%
4.53%
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility.
Variable Portfolio - Managed Volatility Growth
Fund (Class 2)1,3
Columbia Management Investment Advisers,
LLC
1.01%
14.75%
5.83%
6.95%
Pursues total return
while seeking to
manage the Fund’s
exposure to equity
market volatility.
Variable Portfolio - Managed Volatility
Moderate Growth Fund (Class 2)1,3
Columbia Management Investment Advisers,
LLC
0.98%
12.87%
4.29%
5.82%
Seeks to provide a high
level of total return that
is consistent with a
moderate level of risk.
Variable Portfolio - Moderate Portfolio
(Class 2)3
Columbia Management Investment Advisers,
LLC
0.96%
13.86%
4.91%
6.42%
Seeks to provide a high
level of total return that
is consistent with a
moderate level of risk.
Variable Portfolio - Moderate Portfolio
(Class 4)3
Columbia Management Investment Advisers,
LLC
0.96%
13.84%
4.92%
6.42%
Seeks to provide a high
level of total return that
is consistent with a
moderately aggressive
level of risk.
Variable Portfolio - Moderately Aggressive
Portfolio (Class 2)3
Columbia Management Investment Advisers,
LLC
1.00%
15.71%
6.44%
7.71%
Seeks to provide a high
level of total return that
is consistent with a
moderately aggressive
level of risk.
Variable Portfolio - Moderately Aggressive
Portfolio (Class 4)3
Columbia Management Investment Advisers,
LLC
1.00%
15.68%
6.44%
7.71%
Seeks to provide a high
level of total return that
is consistent with a
moderately conservative
level of risk.
Variable Portfolio - Moderately Conservative
Portfolio (Class 2)3
Columbia Management Investment Advisers,
LLC
0.94%
12.10%
3.18%
4.92%
RiverSource Variable Universal Life III — Summary Prospectus 25
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks to provide a high
level of total return that
is consistent with a
moderately conservative
level of risk.
Variable Portfolio - Moderately Conservative
Portfolio (Class 4)3
Columbia Management Investment Advisers,
LLC
0.94%
12.13%
3.19%
4.92%
Seeks to provide
shareholders with
long-term capital growth.
Variable Portfolio - Partners Core Equity Fund
(Class 3)
Columbia Management Investment Advisers,
LLC, adviser; J.P. Morgan Investment
Management Inc. and T. Rowe Price
Associates, Inc., subadvisers.
0.81%2
13.26%
13.18%
12.77%
Seeks to provide
shareholders with
long-term capital
appreciation.
Variable Portfolio - Partners Small Cap Value
Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; Segall Bryant & Hamill, LLC
and William Blair Investment Management,
LLC, subadvisers.
0.97%2
7.21%
6.73%
7.20%
1
This Fund is managed in a way that is intended to minimize volatility of returns. See “Principal Risks of Investing in the Contract.”
2
This Fund and its investment adviser and/or affiliates have entered into a temporary expense reimbursement arrangement and/or fee waiver. The Fund’s annual expenses reflect temporary fee reductions. Please see the Fund’s prospectus for additional information.
3
This Fund is a fund of funds and invests substantially all of its assets in other underlying funds. Because the Fund invests in other funds, it will bear its pro rata portion of the operating expenses of those underlying funds, including management fees.
26 RiverSource Variable Universal Life III — Summary Prospectus
 
This page left blank intentionally
We have filed with the Securities and Exchange Commission a prospectus and a Statement of Additional Information (SAI) that include additional information about RiverSource Survivorship Universal Life Insurance and RiverSource Variable Life Separate Account. The prospectus and SAI are dated the same date as this summary prospectus and are available free of charge. To request a copy of either document, to obtain information about your policy or for other investor inquiries, contact your sales representative or RiverSource Life Insurance Company at the telephone number and address listed below. The prospectus and other information about the policy is available online at riversource.com/lifeinsurance.
Edgar Contract Identifer: C000009716
RiverSource Distributors, Inc. (Distributor), Member FINRA. Issued by RiverSource Life Insurance Company, Minneapolis, Minnesota. Affiliated with Ameriprise Financial Services, LLC.
© 2008-2026 RiverSource Life Insurance Company. All rights reserved.
 
RiverSource Life Insurance Company
70100 Ameriprise Financial Center
Minneapolis, MN 55474
1-800-862-7919
USP9092_12_E01_(05/26)

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/13/2026

1. ADBE
2. SPCX
3. USO
4. SPY
5. RH
6. NVDA
7. RKLB
8. MSFT
9. CRM
10. CRWV


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings