Form 497VPU RIVERSOURCE LIFE INSURAN
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Retirement Advisor 4 Advantage® Variable Annuity
Retirement Advisor 4 Select® Variable Annuity
Retirement Advisor 4 Access® Variable Annuity
INDIVIDUAL FLEXIBLE PREMIUM DEFERRED
COMBINATION FIXED/VARIABLE ANNUITIES
| Issued by: |
RiverSource Life Insurance Company (RiverSource Life) |
| |
70100 Ameriprise Financial Center
Minneapolis, MN 55474 Telephone: 1-800-862-7919
(Service
Center)
ameriprise.com/variableannuities |
Updating Summary Prospectus
September 22, 2025
The Prospectus for the RiverSource Retirement Advisor 4 Advantage Variable Annuity (RAVA 4 Advantage), the RiverSource Retirement Advisor 4
Select Variable Annuity (RAVA 4 Select), or the RiverSource Retirement Advisor 4 Access Variable Annuity (RAVA 4 Access) (the Contract), an individual flexible premium deferred combination fixed/variable annuity issued by RiverSource Life Insurance Company (“RVS Life”, “we”, “us” and
“our”), 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/annuities. 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 annuities, has been prepared by the
Securities and Exchange Commission’s staff and is available at Investor.gov.
The Securities and Exchange Commission has not approved or disapproved these securities or determined if this prospectus is accurate or complete. Any representation to the contrary is a criminal offense.
RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus 1
Contents
| 3 | |
| 4 | |
| 5 | |
| 10 |
2 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus
Key Terms
These terms can help you understand details about your Contract.
Contract value: The total value of your Contract before we deduct any applicable charges.
Contract year: A period of 12 months, starting on the effective date of your Contract and on each anniversary of the effective date.
Fixed Account: Part of our general account which includes the regular Fixed Account and the Special DCA Fixed Account. Amounts you allocate to this account earn interest at rates that we declare periodically.
Funds: A portfolio of an open-end management investment company that is registered with the Securities and Exchange Commission (the “SEC”) in which the Subaccounts invest. May also be referred to as an underlying Fund.
Guarantee Period Accounts (GPAs): A nonunitized separate account
to which you may allocate purchase payments and purchase payment credits or transfer contract value of at
least $1,000. These accounts have guaranteed interest rates for guarantee periods we declare when you
allocate purchase payments and purchase payment credits or transfer contract value to a GPA. These
guaranteed rates and periods of time may vary by state. Unless an exception applies, transfers or
surrenders from a GPA done more than 30 days before the end of the guarantee period will receive a market
value adjustment, which may result in a gain or loss.
Market Value Adjustment
(MVA): A positive or negative adjustment assessed if any portion of a Guarantee Period Account is surrendered or transferred more than 30 days before the end of its guarantee period.
Rider: You receive a rider to your contract when you purchase optional benefits. The rider adds the terms of the optional benefit to your Contract.
Separate
Account: An insulated segregated account, the assets of which are invested solely in the underlying Funds. We call this the Variable Account.
Service Center: Our department that processes all transaction and service requests for the Contracts. 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.
Settlement date: The date when annuity payouts are scheduled to begin.
Subaccount: A division of the Variable Account, each of which invests in one Fund.
Variable Account: Refers to the RiverSource Variable Account 10, a Separate Account established to hold
Contract owners’ assets allocated to the Subaccounts, each of which invests in a particular
Fund.
RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus 3
Updated Information You Should Consider About
the Contract
The information in this Updating Summary Prospectus is a summary of certain Contract features that have changed since the Prospectus dated May 1, 2024. This may not reflect all of the changes that have
occurred since you entered into your Contract.
UNDERLYING FUNDS
•
Effective December 6, 2024, Morgan Stanley VIF Global Real Estate Portfolio and Morgan Stanley VIF U.S. Real Estate
Portfolio have been liquidated.
•
Effective April 11, 2025, Goldman Sachs Multi-Strategy Alternatives Portfolio has been liquidated.
4 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus
Important Information You Should Consider
About the Contract
| |
FEES, EXPENSES, AND
ADJUSTMENTS |
Location in
Statutory
Prospectus | ||
| Are There Charges
or Adjustments for
Early
Withdrawals? |
Yes. Each Contract provides for different surrender charge periods and percentages. In addition to the surrender charge, we may reverse a purchase payment credit upon certain withdrawals within 12 months of when the purchase payment credit was applied. RAVA 4 Advantage. You may select either a seven-year or ten-year
surrender charge schedule at the time of application. If you
select a seven-year surrender charge schedule and you withdraw
money during the first 7 years from date of each purchase
payment, you may be assessed a surrender charge of up to 7% of
the purchase payment withdrawn. If you elect a ten-year surrender
charge schedule and you withdraw money during the first 10 years
from date of each purchase payment, you may be assessed a
surrender charge of up to 8% of the purchase payment withdrawn.
For example, if you select a seven-year surrender charge schedule
and make an early withdrawal, you could pay a surrender charge of
up to $7,000 on a $100,000 investment. If you select a ten-year
surrender charge schedule and make an early withdrawal, you could pay a
surrender charge of up to $8,000 on a $100,000 investment. This
loss will be greater if there is a negative MVA, taxes, or tax penalties.
RAVA 4 Select. If you withdraw money during the first 3 years from the contract date, you may be assessed a surrender charge of up to 7% of the
purchase payment withdrawn. For RAVA 4 Select contracts in Texas, if you
withdraw money during the first 3 years from the contract date, you may be
assessed a surrender charge of up to 8% of the purchase payment
withdrawn. For example, if you make a withdrawal in the first year, you
could pay a withdrawal charge of up to $7,000 on a $100,000
investment ($8,000 on a $100,000 investment for RAVA 4 Select
contracts in Texas).
This loss will be greater if there is a negative MVA, taxes, or tax penalties.
RAVA 4 Access. No surrender charge is assessed. For each of the contracts above: A positive or negative MVA is assessed if
any portion of a GPA is surrendered or transferred more than thirty days
before the end of its guarantee period. You could lose up to 100% of the
amount withdrawn from a GPA as a result of a negative MVA.
For example, if you allocate $100,000 to a GPA with a 3-year guarantee
period and later withdraw the entire amount before the 3 years have
ended, you could lose up to $100,000 of your investment. This
loss will be greater if you also have to pay a surrender charge,
taxes, and tax penalties.
The following transactions when applied to a GPA, which we refer to as
"early surrenders," are subject to an MVA when they occur more than
30 days prior to the end of the guarantee period, unless an exception
applies: (i) surrenders (including full and partial surrenders,
systematic withdrawals, and required minimum distributions), (ii)
transfers, and (iii) annuitization. We will not apply a
negative MVA to the payment of the
death benefit. An MVA may increase the death benefit but will not decrease
it. |
Fee Table and
Examples
Charges and
Adjustments –
Transaction
Expenses –
Surrender Charge
Charges and
Adjustments –
Adjustments –
Market Value
Adjustments | ||
| Are There
Transaction
Charges? |
No. Other than surrender charges and negative MVAs, we do not assess any transaction charges. |
| ||
RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus 5
| |
FEES, EXPENSES, AND
ADJUSTMENTS |
Location in
Statutory
Prospectus | ||
| Are There Ongoing
Fees and
Expenses? |
Yes. The table below describes the current fees and expenses that you may pay each year, depending on the investment options and optional benefits you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the
options you have elected. |
Fee Table and
Examples
Charges and
Adjustments –
Annual Contract
Expenses
Appendix A:
Investment
Options Available
Under the
Contract | ||
| Annual Fee |
Minimum |
Maximum | ||
| Base Contract(1) (varies by Contract and tax qualification) |
0.87% |
1.47% | ||
| Fund options (Funds fees and expenses)(2)
|
0.38%
|
2.44%
| ||
| Optional benefits available for an
additional charge
(for a single optional benefit, if
elected)(3) |
0.10% |
2.50% | ||
| (1) As a percentage of average daily contract value in the variable account. Includes the
Mortality and Expense Fee and contract administrative charge.
(2) As a percentage of Fund net assets.
(3) As a percentage of Contract Value or the greater of Contract Value or applicable
guaranteed benefit amount (varies by optional benefit).
Because your Contract is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your Contract,
the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do
not take withdrawals from the Contract, which could add surrender charges and negative MVAs that substantially increase costs. | ||||
| Lowest Annual Cost:
$1,649
|
Highest Annual Cost:
$4,382
| |||
| Assumes:
•Investment of $100,000 •5% annual appreciation
•Least expensive combination of Contract features and Fund fees
and expenses
•No optional benefits •No sales charge
•No additional purchase payments, transfers or withdrawals •No purchase payment credits |
Assumes:
•Investment of $100,000 •5% annual appreciation
•Most expensive combination of Contract features, optional
benefits and Fund fees and
expenses
•No sales charge •No additional purchase payments,
transfers or withdrawals
•No purchase payment credits | |||
| |
RISKS |
| ||
| Is There a Risk of
Loss from Poor
Performance? |
Yes. You can lose money by investing in this Contract including loss of principal. |
Principal Risks of
Investing in the
Contract | ||
6 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus
| |
RISKS |
Location in
Statutory
Prospectus | ||
| Is this a
Short-Term
Investment? |
No.
•The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. •The RAVA 4 Advantage and RAVA 4 Select contracts have surrender
charges, which may reduce the value of your Contract if you withdraw
money during the surrender charge period. Surrenders may also reduce
or terminate contract guarantees.
•Surrenders may also be subject to taxes and tax penalties. •Surrenders from a GPA prior to 30 days before the end of the guarantee
period may also result in a negative MVA. During the 30-day period
ending on the last day of the guarantee period, you may choose to start
a new guarantee period of the same length, transfer the contract value
from the current GPA to any of the investment options available under
the Contract, apply the contract value to an annuity payout plan, or
surrender the value from the current GPA (all subject to applicable
surrender, transfer, and annuitization provisions). If we do not receive
any instructions by the end of the guarantee period, we will
automatically transfer the contract value from the current GPA into the shortest GPA
term available.
•The benefits of tax deferral, long-term income, and optional living benefit
guarantees mean the contract is generally more beneficial to investors
with a long term investment horizon. |
Principal Risks of
Investing in the
Contract
Charges and
Adjustments –
Transaction
Expenses –
Surrender Charge
Charges and
Adjustments –
Adjustments –
Market Value
Adjustments | ||
| What Are the
Risks Associated
with the
Investment
Options? |
•An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract. •Each investment option (including under the GPAs and any Fixed Account
investment options) has its own unique risks.
•You should review the investment options before making any investment decisions. |
Principal Risks of
Investing in the
Contract
The
Variable Account and the Funds
The “Nonunitized”
Separate Account
and the Guarantee
Period Accounts
(GPAs)
The Fixed Account | ||
| What Are the
Risks Related to
the Insurance
Company? |
An investment in the Contract is subject to the risks related to us. Any
obligations (including under the Fixed Account) or guarantees and benefits
of the Contract that exceed the assets of the Separate Account are subject
to our claims-paying ability. If we experience financial distress, we may not
be able to meet our obligations to you. More information about
RiverSource Life, including our financial strength ratings, is available by contacting us at
1-800-862-7919. |
Principal Risks of
Investing in the
Contract
The General
Account | ||
RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus 7
| |
RESTRICTIONS |
Location in
Statutory
Prospectus | ||
| Are There
Restrictions on
the Investment
Options? |
Yes. •Subject to certain restrictions, you may transfer your Contract value
among the subaccounts without charge at any time before the settlement date, and once per contract year after the settlement date.
•Certain transfers out of the GPAs will be subject to an MVA.
•GPAs and the regular Fixed Account are subject to certain restrictions.
•We reserve the right to modify, restrict or suspend your transfer privileges if we determine that your transfer activity constitutes market
timing.
•We reserve the right to add, remove or substitute Funds as investment options. We also reserve the right, upon notification to you, to close or
restrict any Funds. |
Making the Most
of Your Contract –
Transferring
Among Accounts
Substitution of
Investments | ||
| Are There any
Restrictions on
Contract Benefits? |
Yes.
•Certain optional benefits limit or restrict the investment options you may
select under the Contract. If you later decide you do not want to invest in
those approved investment options, you must request a full
surrender. •Certain optional benefits may limit subsequent purchase payments. •Withdrawals in excess of the amount allowed under certain optional
benefits may substantially reduce the benefit or even terminate
the benefit. |
Buying Your
Contract – Purchase Payments Optional Benefits – SecureSource Flex Rider - Important SecureSource Flex Rider Considerations Appendix A: Funds Available Under the Optional Benefits Offered Under the Contract Appendix F: GWB for Life Rider – Investment Allocation Restrictions Appendix G: SecureSource Rider –
Investment
Allocation
Restrictions | ||
| |
TAXES |
| ||
| What Are the
Contract’s Tax Implications? |
•Consult with a tax advisor to determine the tax implications of an investment in and payments and withdrawals received under this Contract.
•If you purchase the Contract through a tax-qualified plan or individual retirement account, you do not get any additional tax benefit. •Earnings under your contract are taxed at ordinary income tax rates
generally when withdrawn. You may have to pay a tax penalty if you take
a withdrawal before age 59½. |
Taxes | ||
8 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus
| |
CONFLICTS OF INTEREST
|
Location in
Statutory
Prospectus | ||
| How Are
Investment
Professionals
Compensated? |
Your investment professional may receive compensation for selling this
Contract to you, in the form of commissions, additional cash benefits (e.g., bonuses), and non-cash compensation. This financial incentive may influence your investment professional to recommend this Contract over another investment for which the investment professional is not compensated or compensated less. |
About the Service
Providers | ||
| Should I Exchange
My Contract? |
If you already own an annuity or insurance Contract, some investment
professionals may have a financial incentive to offer you a new Contract in
place of the one you own. You should only exchange a Contract you already
own if you determine, after comparing the features, fees, and risks of both
Contract, that it is better for you to purchase the new Contract rather than continue to own your existing Contract. |
Buying Your
Contract – Contract
Exchanges | ||
RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus 9
Appendix A: Investment Options Available Under the
Contract
The following is a list of funds available under
the contract. 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. You can also request this information at no cost by calling 1-800-862-7919 or by sending an email request
to [email protected]. Depending on the optional benefits you choose, you may not be able to invest in certain funds. See table below “Funds Available Under the
Optional Benefits Offered Under the Contract."
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 contract 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 12/31/2024) | ||
| 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 |
10.43% |
3.15% |
3.82% |
| Seeks long-term growth
of capital. |
AB VPS International Value Portfolio
(Class B)
AllianceBernstein L.P. |
1.17% |
4.81% |
3.29% |
3.00% |
| Seeks long-term growth
of capital. |
AB VPS Large Cap Growth Portfolio (Class B)
AllianceBernstein L.P. |
0.90% |
24.95% |
15.87% |
15.67% |
| Seeks long-term growth
of capital. |
AB VPS Relative Value Portfolio (Class B)
AllianceBernstein L.P. |
0.86% |
12.76% |
9.54% |
9.39% |
| Seeks long-term growth
of capital. |
AB VPS Sustainable Global Thematic
Portfolio (Class B)
AllianceBernstein L.P. |
1.16%2 |
5.96% |
8.77% |
9.45% |
| Seeks long-term capital
appreciation. |
Allspring VT Opportunity Fund - Class 2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
sub-adviser. |
1.00%2 |
15.05% |
11.72% |
10.78% |
| Seeks long-term capital
appreciation. |
Allspring VT Small Cap Growth Fund -
Class 2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
sub-adviser. |
1.17% |
18.70% |
6.60% |
8.65% |
| 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%2 |
40.60% |
14.15% |
5.07% |
| Seeks high total
investment return. |
BlackRock Global Allocation V.I. Fund
(Class III)
BlackRock Advisors, LLC, adviser; BlackRock
(Singapore) Limited and BlackRock
International Limited, sub-advisers. |
1.02%2 |
9.01% |
5.74% |
5.33% |
10 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus
| Investment Objective |
Fund and Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns (as
of 12/31/2024) | ||
| 1 Year |
5 Year |
10 Year | |||
| Seeks long-term growth
of capital. Under normal
circumstances, the fund
invests at least 80% of
its assets in equity
securities of companies
with small market
capitalizations and
related investments. |
ClearBridge Variable Small Cap Growth
Portfolio - Class I
Legg Mason Partners Fund Advisor, LLC,
investment manager; ClearBridge
Investments, LLC, sub-adviser. (Western
Asset Management Company manages the
portion of cash and short-term investments
allocated to it) |
0.80% |
4.50% |
5.39% |
7.93% |
| 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 |
0.88% |
14.43% |
4.92% |
9.28% |
| Seeks to provide
shareholders with total
return. |
Columbia Variable Portfolio - Commodity
Strategy Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.00%2 |
7.09% |
5.69% |
8.94% |
| Seeks total return,
consisting of long-term
capital appreciation and
current income. |
Columbia Variable Portfolio - Contrarian Core
Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
23.09% |
9.62% |
14.78% |
| Seeks to provide
shareholders with high
total return through
income and growth of
capital. |
Columbia Variable Portfolio - Corporate Bond
Fund (Class 3) (previously Columbia Variable
Portfolio - Global Strategic Income Fund
(Class 3))
Columbia Management Investment Advisers,
LLC |
0.60%2 |
3.25% |
(0.69%) |
0.73% |
| Seeks to provide
shareholders with
capital appreciation. |
Columbia Variable Portfolio - Disciplined
Core Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.80% |
25.89% |
8.28% |
13.92% |
| 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 |
0.86%2 |
15.28% |
6.12% |
8.75% |
| Non-diversified fund that
seeks to provide
shareholders with high
total return through
current income and,
secondarily, through
capital appreciation. |
Columbia Variable Portfolio - Emerging
Markets Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.00%2 |
6.13% |
(0.70%) |
0.46% |
| 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 |
5.50% |
(8.23%) |
(0.89%) |
RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus 11
| Investment Objective |
Fund and Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns (as
of 12/31/2024) | ||
| 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 |
0.49%2 |
4.84% |
3.53% |
2.16% |
| 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 |
6.95% |
2.29% |
3.64% |
| 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 |
5.90% |
1.97% |
3.21% |
| 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 |
0.65% |
1.85% |
(3.60%) |
0.08% |
| Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Large Cap
Growth Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.85% |
31.19% |
8.74% |
17.33% |
| 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% |
24.54% |
8.52% |
14.07% |
| Seeks to provide
shareholders with a
level of current income
consistent with
preservation of capital. |
Columbia Variable Portfolio - Limited
Duration Credit Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.66%2 |
4.64% |
1.48% |
1.81% |
| Seeks total return,
consisting of current
income and capital
appreciation. |
Columbia Variable Portfolio - Long
Government/Credit Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.72%2 |
(4.39%) |
(9.65%) |
(3.58%) |
| Seeks to provide
shareholders with
capital appreciation. |
Columbia Variable Portfolio - Overseas Core
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.92% |
3.35% |
0.55% |
4.00% |
| 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% |
12.75% |
5.17% |
9.43% |
12 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus
| Investment Objective |
Fund and Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns (as
of 12/31/2024) | ||
| 1 Year |
5 Year |
10 Year | |||
| Seeks to provide
shareholders with
growth of capital. |
Columbia Variable Portfolio - Select Mid Cap
Growth Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
23.52% |
2.20% |
10.94% |
| 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 |
0.95%2 |
12.41% |
3.85% |
9.71% |
| 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 |
13.81% |
3.08% |
9.33% |
| 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 |
0.59% |
1.44% |
(2.81%) |
(0.95%) |
| The portfolio is
designed to achieve
positive total return
relative to the
performance of the
Bloomberg Commodity
Index Total Return
("BCOM Index"). |
Credit Suisse Trust - Commodity Return
Strategy Portfolio, Class 1
Credit Suisse Asset Management, LLC |
1.05%2 |
4.83% |
6.85% |
1.12% |
| 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-Protected
Securities Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; BlackRock Financial
Management, Inc., subadviser; BlackRock
International Limited, sub-subadviser. |
0.75%2 |
(1.06%) |
(5.36%) |
(0.68%) |
| Seeks to provide
shareholders with
long-term capital growth. |
CTIVP® - Principal Blue Chip Growth Fund
(Class 1) (on or about June 1, 2025 to be
known as CTIVP® - Principal Large Cap
Growth Fund (Class 1))
Columbia Management Investment Advisers,
LLC, adviser; Principal Global Investors, LLC,
subadviser. |
0.69% |
21.42% |
6.85% |
13.79% |
| 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% |
9.77% |
5.39% |
10.72% |
| Seeks capital
appreciation. |
DWS Alternative Asset Allocation VIP,
Class B3 DWS Investment Management Americas Inc., adviser; RREEF America L.L.C., subadvisor. |
1.26% |
5.30% |
3.97% |
2.83% |
| Seeks high level of
current income. |
Eaton Vance VT Floating-Rate Income Fund -
Initial Class
Eaton Vance Management |
1.19% |
7.68% |
4.24% |
3.92% |
RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus 13
| Investment Objective |
Fund and Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns (as
of 12/31/2024) | ||
| 1 Year |
5 Year |
10 Year | |||
| Seeks long-term capital
appreciation. |
Fidelity® VIP Contrafund® Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.81% |
33.45% |
16.74% |
13.33% |
| Seeks long-term growth
of capital. |
Fidelity® VIP Mid Cap Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.82% |
17.18% |
11.06% |
8.94% |
| Seeks long-term growth
of capital. |
Fidelity® VIP Overseas Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. 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. |
0.98% |
4.81% |
5.50% |
6.06% |
| Seeks a high level of
current income and may
also seek capital
appreciation. |
Fidelity® VIP Strategic Income Portfolio
Service Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. 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. |
0.89% |
5.78% |
2.54% |
3.34% |
| 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 Advisers. Inc. |
1.25%2 |
(0.32%) |
(0.30%) |
2.30% |
14 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus
| Investment Objective |
Fund and Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns (as
of 12/31/2024) | ||
| 1 Year |
5 Year |
10 Year | |||
| 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%2 |
7.20% |
5.29% |
5.27% |
| 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% |
11.27% |
5.75% |
5.83% |
| 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 |
0.90%2 |
11.71% |
8.36% |
8.17% |
| 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 |
28.32% |
14.15% |
12.05% |
| Non-diversified fund that
seeks capital growth. |
Invesco V.I. American Franchise Fund,
Series II Shares
Invesco Advisers, Inc. |
1.10% |
34.56% |
15.56% |
13.88% |
| Seeks total return with a
low to moderate
correlation to traditional
financial market indices. |
Invesco V.I. Balanced-Risk Allocation Fund,
Series II Shares1 Invesco Advisers, Inc. |
1.06%2 |
3.56% |
2.51% |
3.57% |
| 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. |
1.01% |
14.87% |
11.31% |
9.21% |
| Seeks capital
appreciation. |
Invesco V.I. Discovery Mid Cap Growth Fund,
Series II Shares
Invesco Advisers, Inc. |
1.10% |
23.92% |
9.92% |
11.29% |
RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus 15
| Investment Objective |
Fund and Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns (as
of 12/31/2024) | ||
| 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 II Shares
Invesco Advisers, Inc. |
0.93% |
12.96% |
7.37% |
7.57% |
| Seeks long-term growth
of capital. |
Invesco V.I. EQV International Equity Fund,
Series II Shares
Invesco Advisers, Inc. |
1.15% |
0.34% |
2.97% |
4.10% |
| Seeks capital
appreciation. |
Invesco V.I. Global Fund, Series II Shares
Invesco Advisers, Inc. |
1.06% |
15.78% |
9.21% |
9.58% |
| Seeks total return |
Invesco V.I. Global Strategic Income Fund,
Series II Shares
Invesco Advisers, Inc. |
1.18%2 |
3.02% |
(0.43%) |
1.28% |
| Seeks long-term growth
of capital. |
Invesco V.I. Health Care Fund, Series II
Shares
Invesco Advisers, Inc. |
1.24% |
3.87% |
3.38% |
5.13% |
| Seeks capital
appreciation. |
Invesco V.I. Main Street Fund®, Series II
Shares
Invesco Advisers, Inc. |
1.05%2 |
23.39% |
11.81% |
10.97% |
| Seeks capital
appreciation. |
Invesco V.I. Main Street Small Cap Fund®,
Series II Shares
Invesco Advisers, Inc. |
1.11% |
12.41% |
10.21% |
8.73% |
| Seeks long-term capital
growth, consistent with
preservation of capital
and balanced by current
income. |
Janus Henderson Balanced Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.87% |
15.15% |
8.06% |
8.40% |
| Seeks to obtain
maximum total return,
consistent with
preservation of capital. |
Janus Henderson Flexible Bond Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.82%2 |
1.63% |
0.09% |
1.35% |
| Non-diversified fund that
pursues its investment
objective by investing
primarily in common
stocks selected for their
growth potential. |
Janus Henderson Research Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.92% |
34.96% |
16.49% |
14.25% |
| Seeks total return. |
Lazard Retirement Global Dynamic
Multi-Asset Portfolio - Service Shares1 Lazard Asset Management, LLC |
1.05%2 |
8.60% |
2.33% |
4.35% |
| Seeks long-term capital
growth. Income is a
secondary objective. |
LVIP American Century Mid Cap Value Fund,
Service Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
1.01%2 |
8.52% |
7.13% |
7.87% |
| Seeks capital growth. |
LVIP American Century Ultra® Fund, Service
Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
0.90%2 |
28.62% |
18.01% |
16.29% |
16 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus
| Investment Objective |
Fund and Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns (as
of 12/31/2024) | ||
| 1 Year |
5 Year |
10 Year | |||
| Seeks long-term capital
growth. Income is a
secondary objective. |
LVIP American Century Value Fund, Service
Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
0.86%2 |
9.29% |
8.41% |
8.01% |
| Seeks to provide total
return. |
Macquarie VIP Asset Strategy Series -
Service Class
Ivy Investment Management Company |
0.85%2 |
12.44% |
6.56% |
5.27% |
| Seeks capital
appreciation. |
MFS® Massachusetts Investors Growth
Stock Portfolio - Service Class
Massachusetts Financial Services Company |
0.97%2 |
15.98% |
12.16% |
12.91% |
| Seeks total return. |
MFS® Utilities Series - Service Class
Massachusetts Financial Services Company |
1.04%2 |
11.34% |
5.61% |
6.02% |
| 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 |
41.73% |
11.11% |
12.02% |
| Seeks long-term growth
of capital by investing
primarily in securities of
companies that meet
the Fund's
environmental, social
and governance (ESG)
criteria. |
Neuberger Berman AMT Sustainable Equity
Portfolio (Class S)
Neuberger Berman Investment Advisers LLC |
1.15% |
25.52% |
13.68% |
11.18% |
| Seeks maximum real
return, consistent with
preservation of real
capital and prudent
investment
management. |
PIMCO VIT All Asset Portfolio, Advisor Class3 Pacific Investment Management Company LLC (PIMCO) |
2.37%2 |
3.57% |
4.31% |
4.25% |
| Seeks total return which
exceeds that of a blend
of 60% MSCI World
Index/40% Barclays
U.S. Aggregate Index. |
PIMCO VIT Global Managed Asset Allocation
Portfolio, Advisor Class3 Pacific Investment Management Company LLC (PIMCO) |
1.28%2 |
10.75% |
6.03% |
5.75% |
| 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) |
0.89% |
2.43% |
(0.13%) |
1.43% |
RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus 17
| Investment Objective |
Fund and Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns (as
of 12/31/2024) | ||
| 1 Year |
5 Year |
10 Year | |||
| 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 |
(11.37%) |
(4.85%) |
(2.03%) |
| 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 |
14.41% |
5.46% |
6.69% |
| 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% |
13.20% |
2.78% |
7.64% |
| 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% |
13.21% |
2.77% |
7.64% |
| 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 |
0.87%2 |
4.42% |
(1.47%) |
1.46% |
| 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 |
0.87%2 |
4.49% |
(1.45%) |
1.46% |
| Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Risk Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.02%2 |
9.41% |
0.49% |
3.90% |
| Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Risk U.S. Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.99% |
11.70% |
1.93% |
5.68% |
| 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% |
4.31% |
(1.86%) |
0.96% |
18 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus
| Investment Objective |
Fund and Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns (as
of 12/31/2024) | ||
| 1 Year |
5 Year |
10 Year | |||
| 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 |
0.98% |
6.80% |
(0.87%) |
2.32% |
| 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% |
11.98% |
1.11% |
5.18% |
| 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% |
9.41% |
0.18% |
3.82% |
| 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 |
0.97% |
8.72% |
0.80% |
4.73% |
| 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 |
0.97% |
8.71% |
0.80% |
4.72% |
| 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 |
1.01% |
11.00% |
1.68% |
6.13% |
| 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 |
1.01% |
10.98% |
1.68% |
6.13% |
| 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% |
6.41% |
(0.45%) |
2.98% |
| 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% |
6.40% |
(0.46%) |
2.97% |
| 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% |
23.26% |
8.22% |
13.88% |
RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus 19
| Investment Objective |
Fund and Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns (as
of 12/31/2024) | ||
| 1 Year |
5 Year |
10 Year | |||
| 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 |
7.83% |
1.41% |
6.11% |
| Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Conservative
Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.95% |
9.41% |
0.44% |
2.89% |
| Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Growth Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.94% |
17.15% |
3.60% |
6.12% |
| Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Moderate
Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.93% |
13.19% |
2.05% |
4.57% |
| Seeks long-term capital
appreciation. |
Wanger Acorn (on or about June 1, 2025 to
be known as Columbia Variable Portfolio -
Acorn Fund)
Columbia Wanger Asset Management, LLC |
0.91%2 |
14.18% |
(2.57%) |
4.58% |
| Seeks long-term capital
appreciation. |
Wanger International (on or about
June 1, 2025 to be known as Columbia
Variable Portfolio - Acorn International Fund)
Columbia Wanger Asset Management, LLC |
1.08%2 |
(8.25%) |
(10.79%) |
(0.72%) |
| Seeks to maximize total
return. |
Western Asset Variable Global High Yield
Bond Portfolio - Class II
Franklin Templeton Fund Adviser, LLC,
adviser; Western Asset Management
Company, LLC, subadviser. |
1.06% |
6.70% |
1.81% |
3.45% |
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.
20 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus
Funds Available Under the Optional Benefits Offered Under the Contract
For
contracts issued with the optional living benefit riders, you are required to invest in the Portfolio Navigator or Portfolio Stabilizer funds listed below (See “Portfolio Navigator Program (PN Program) and Portfolio Stabilizer Funds”):
Portfolio Navigator Funds:
1.Variable Portfolio – Aggressive Portfolio (Class 2), (Class 4)
2.Variable Portfolio – Moderately Aggressive Portfolio (Class 2), (Class
4)
3.Variable Portfolio – Moderate Portfolio (Class 2),
(Class 4)
4.Variable Portfolio – Moderately Conservative
Portfolio (Class 2), (Class 4)
5.Variable Portfolio –
Conservative Portfolio (Class 2), (Class 4)
Portfolio Stabilizer Funds:
1.
Variable Portfolio – Managed Risk Fund (Class 2)
2.
Variable Portfolio – Managed Risk U.S. Fund (Class 2)
3.
Variable Portfolio
– Managed Volatility Growth Fund (Class 2)
4.
Variable Portfolio – Managed Volatility Moderate Growth Fund (Class 2)
5.
Variable Portfolio – Managed Volatility Conservative Growth Fund (Class 2)
6.
Variable Portfolio
– Managed Volatility Conservative Fund (Class 2)
7.
Variable Portfolio – U.S. Flexible Growth Fund (Class 2)
8.
Variable Portfolio – U.S. Flexible Moderate Growth Fund (Class 2)
9.
Variable Portfolio
– U.S. Flexible Conservative Growth Fund (Class 2)
The following is a list of investment options that earn fixed interest for a specified term currently available under the
contract. We may change the features of the fixed interest options listed below and terminate existing
options. We will provide you with written notice before doing so. Depending on the optional benefits you choose, you may not be able to invest in certain fixed investment options. See table above “Funds Available Under the Optional Benefits Offered Under the Contract." See “The ‘Nonunitized’ Separate Account and the Guarantee Period Accounts (GPAs)”
and “The Fixed Account”
in the prospectus for more information about the fixed interest investment options.
Note: A positive or negative MVA is assessed if any portion of a GPA is surrendered or transferred more than thirty days before the end of its guarantee period. This may result in a significant reduction in your contract value. See “Charges and Adjustments – Adjustments – Market Value
Adjustments” in the prospectus for more information about the
MVA.
| 1 Year Guarantee Period Account |
1 Year |
0% |
| 2 Year Guarantee Period Account |
2 Years |
0% |
| 3 Year Guarantee Period Account |
3 Years |
0% |
| 4 Year Guarantee Period Account |
4 Years |
0% |
| 5 Year Guarantee Period Account |
5 Years |
0% |
| 6 Year Guarantee Period Account |
6 Years |
0% |
| 7 Year Guarantee Period Account |
7 Years |
0% |
| 8 Year Guarantee Period Account |
8 Years |
0% |
| 9 Year Guarantee Period Account |
9 Years |
0% |
| 10 Year Guarantee Period Account |
10 Years |
0% |
RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus 21
The following is a list of Fixed Options currently available under the
Contract. We may change the features of the Fixed Options listed below or terminate existing Fixed Options. We will provide you with written notice before doing so.
Note: If amounts are withdrawn from a Fixed Option before the end of
its term, we will not apply a contract adjustment.
| Regular Fixed Account (not available for RAVA 4 Access contracts) |
1 Year |
2006 |
1.50% or 3.00% |
| 2007 |
1.50% or 3.00% | ||
| 2008 |
1.50% | ||
| 2009 |
1.50% | ||
| 2010 |
1.25% | ||
| 2011 |
1.00% | ||
| 2012 |
1.00% | ||
| Special DCA Fixed Account |
6 Months |
2006 |
1.50% or 3.00% |
| 2007 |
1.50% or 3.00% | ||
| 2008 |
1.50% | ||
| 2009 |
1.50% | ||
| 2010 |
1.25% | ||
| 2011 |
1.00% | ||
| 2012 |
1.00% | ||
| Special DCA Fixed Account |
1 Year |
2006 |
1.50% or 3.00% |
| 2007 |
1.50% or 3.00% | ||
| 2008 |
1.50% | ||
| 2009 |
1.50% | ||
| 2010 |
1.25% | ||
| 2011 |
1.00% | ||
| 2012 |
1.00% |
(1)
Minimum guaranteed interest rates vary by Issue State and Issue Date. See your Contract Data Page for your applicable minimum guaranteed interest rate.
(2)
RAVA 4 Advantage contracts issued in WA have a 3.00% minimum guaranteed interest
rate.
22 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Summary Prospectus
The prospectus and Statement of Additional
Information (SAI) include additional information about the Contract. The prospectus and SAI, dated the same date as this summary prospectus, are incorporated by reference. The prospectus and SAI are available, without charge, upon request. For a free copy of the prospectus, SAI, or for more information about the Contract, call us at 1-800-862-7919, visit our website at
riversource.com/annuities or write to us at: 70100 Ameriprise Financial Center Minneapolis, MN 55474.
RiverSource Life
Insurance Company
70100 Ameriprise Financial Center
Minneapolis, MN 55474
1-800-862-7919
70100 Ameriprise Financial Center
Minneapolis, MN 55474
1-800-862-7919
USP9071_12_D02_(09/25)
Reports and other
information about RiverSource Variable Account 10 and RiverSource Life Insurance Company are available on the SEC’s website at http://www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the
following email address: [email protected].
EDGAR Contract Identifier: C000034183;
C000266995
©2008-2025 RiverSource Life Insurance
Company. All rights reserved.
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