Form 497VPU RIVERSOURCE VARIABLE
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E-mailWells Fargo
Advantage Select
Variable Annuity
Variable Annuity
Individual Flexible Premium Deferred Combination
Fixed/Variable Annuity
| Issued by: |
RiverSource Life Insurance Company (RiverSource Life) 829 Ameriprise Financial Center
Minneapolis, MN 55474 Telephone: 1-800-333-3437 (Service Center) |
| |
|
Updating Summary Prospectus
May 1, 2026
The Prospectus for the Wells Fargo Advantage Select Variable Annuity (the
Contract), an individual flexible premium deferred combination fixed/variable annuity
contract, 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.
Wells Fargo Advantage Select Variable Annuity — Summary Prospectus 1
Key Terms
These terms can help you understand details about your contract.
Contract: A deferred annuity contract that permits you to accumulate money for retirement by making one or more purchase payments. It provides for lifetime or other forms of payouts beginning at a specified time in the future.
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 one-year fixed account and the DCA fixed account. Amounts you allocate to the fixed account earn interest rates 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):
Options to which you may allocate
purchase payments and purchase payment credits or transfer contract value of at least
$1,000. These accounts are held in a non-unitized
separate account. We periodically declare the guaranteed interest rates for the available guaranteed periods. These guaranteed rates and periods of time may vary by state. Unless an exception applies, transfers or withdrawals 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 withdrawn or transferred more than 30 days before
the end of its guarantee period.
RiverSource
Life: In this prospectus, “we,” “us,” “our” and “RiverSource Life” refer to RiverSource Life Insurance Company.
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.
Wells Fargo Advantage Select Variable Annuity — Summary Prospectus 3
Updated Information You Should Consider About
the Contract
4 Wells Fargo Advantage Select Variable Annuity — Summary Prospectus
Important Information You Should Consider
About the Contract
| |
FEES, EXPENSES, AND
ADJUSTMENTS |
Location in
Statutory
Prospectus | ||
| Are There
Transaction
Charges? |
Yes. In addition to the withdrawal charge, we may reverse a purchase payment credit upon certain withdrawals within 12 months of when the purchase payment credit was applied. This contract has two withdrawal charge options. You may select either a seven-year or five-year withdrawal
charge schedule at the time of application. If you make an early withdrawal,
you may be assessed a withdrawal charge of up to 8% of the
purchase payment withdrawn. For example, if you make an early
withdrawal, you could pay a withdrawal charge of up to $8,000 on
a $100,000 investment. This loss will be greater if you also have
to pay a withdrawal charge, taxes, and tax
penalties. A positive or negative MVA is assessed if any portion of a GPA is withdrawn
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 withdrawal charge,
taxes, and tax penalties.
The following transactions when applied to a GPA, which we refer to
as “early withdrawals,” 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) withdrawals (including full and partial withdrawals,
systematic withdrawals, and required minimum distributions), (ii)
transfers, and (iii) annuitization. An MVA may increase the death benefit but will not
decrease it. |
Fee Table and
Examples
Charges and
Adjustments –
Transaction
Expenses –
Withdrawal Charge Charges and Adjustments – Adjustments – Market Value Adjustments | ||
| Are There
Transaction
Charges? |
No. Other than withdrawal charges and negative MVAs, we do not assess any transaction charges. |
| ||
Wells Fargo Advantage Select 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 options 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 withdrawal charge
schedule, death benefit option, tax
qualification, application signed
date, and size of Contract value) |
1.07% |
1.92% | ||
| Fund options
(Funds fees and expenses)(2) |
0.39%
|
1.43%
| ||
| Optional benefits available for an
additional charge
(for a single optional benefit, if
elected)(3) |
0.25% |
1.75% | ||
| (1) As a percentage of average daily subaccount value. Includes the Mortality
and Expense Fee, Variable Account Administrative Charge, 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). The Minimum is a
percentage of Contract value. The Maximum is a percentage of the greater of Contract value or minimum contract accumulation value (MCAV).
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 withdrawal charges and negative MVAs that substantially increase costs. | ||||
| Lowest Annual Cost:
$1,699
|
Highest Annual Cost:
$4,106
| |||
| Assumes:
•Investment of $100,000 •5% annual appreciation
•Least expensive combination of Contract features and Fund fees
and expenses
•No optional benefits •No additional purchase payments,
transfers or withdrawals
•No sales charge •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 Wells Fargo Advantage Select 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 Contracts have withdrawal charges, which may reduce the value of
your Contract if you withdraw money during withdrawal charge period.
Withdrawals may also reduce or terminate contract guarantees.
•Withdrawals may also be subject to taxes and tax penalties. •Withdrawals 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
withdraw the value from the current GPA (all subject to applicable
withdrawal, 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 –
Withdrawal 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 the one-year fixed account, DCA fixed account and the Guarantee Period Accounts (GPAs) 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 Risk
Related to
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 | ||
Wells Fargo Advantage Select 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 annuitization start date, and once per contract year after the
annuitization start date. •Certain transfers out of the GPAs will be subject to an MVA.
•GPAs and the one-year 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. 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
withdrawal. •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 – Guarantor Withdrawal Benefit for Life Rider – Investment Allocation Restrictions Optional Benefits – Guarantor Withdrawal Benefit Rider – Investment Allocation Restrictions Appendix A: Funds Available Under the Optional Benefits Offered Under the Contract | ||
| |
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 Wells Fargo Advantage Select 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
Contracts, that it is better for you to purchase the new Contract rather than continue to own your existing Contract. |
Buying Your
Contract – Contract
Exchanges | ||
Wells Fargo Advantage Select 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, and
contract application sign date, 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 12/31/2025) | ||
| 1 Year |
5 Year |
10 Year | |||
| Seeks long-term growth
of capital. |
AB VPS International Value Portfolio
(Class B)
AllianceBernstein L.P. |
1.17%1 |
41.27% |
10.19% |
6.37% |
| Seeks long-term growth
of capital. |
AB VPS Relative Value Portfolio (Class B)
AllianceBernstein L.P. |
0.85%1 |
10.20% |
11.15% |
10.30% |
| Seeks long-term capital
appreciation. |
Allspring VT Discovery All Cap Growth Fund
(Class 2)
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
subadviser. |
1.00%1 |
15.27% |
6.04% |
13.57% |
| Seeks long-term total
return, consisting of
capital appreciation and
current income. |
Allspring VT Index Asset Allocation Fund
(Class 2)
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
subadviser. |
1.00%1 |
11.48% |
7.54% |
8.99% |
| Seeks long-term capital
appreciation. |
Allspring VT Opportunity Fund (Class 2)
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
subadviser. |
1.00%1 |
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% |
| Seeks capital
appreciation. |
BNY Mellon Investment Portfolios,
Technology Growth Portfolio (Service Shares)
BNY Mellon Investment Adviser, Inc.,
adviser; Newton Investment Management
North America, LLC, subadviser. |
1.07% |
27.87% |
8.96% |
16.97% |
| Seeks long-term capital
growth consistent with
the preservation of
capital. Its secondary
goal is current income. |
BNY Mellon Variable Investment Fund,
Appreciation Portfolio (Service Shares)
BNY Mellon Investment Adviser, Inc.,
adviser; Fayez Sarofim & Co., subadviser.
|
1.10% |
9.78% |
9.08% |
12.63% |
| Seeks long-term capital
appreciation. |
Columbia Variable Portfolio - Acorn Fund
Columbia Management Investment Advisers,
LLC |
0.86%1 |
4.47% |
1.02% |
8.66% |
10 Wells Fargo Advantage Select Variable Annuity — 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
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%1 |
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%1 |
31.02% |
(1.26%) |
7.13% |
| 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%1 |
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%1 |
8.54% |
4.03% |
5.63% |
| 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%1 |
17.43% |
13.98% |
14.35% |
| 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%1 |
14.98% |
7.40% |
12.03% |
Wells Fargo Advantage Select Variable Annuity — Summary Prospectus 11
| 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
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%1 |
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 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% |
| Seeks long-term growth
of capital. |
Fidelity® VIP Mid Cap 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. |
0.80% |
11.49% |
9.83% |
10.31% |
| Seeks long-term growth
of capital. |
Fidelity® VIP Overseas 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, FIL
Investment Advisers, FIL Investment
Advisers (UK) Limited and FIL Investments
(Japan) Limited, subadvisers. |
0.97% |
20.05% |
6.35% |
7.66% |
12 Wells Fargo Advantage Select Variable Annuity — 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 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%1 |
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% |
| Seeks long-term capital
appreciation. |
Goldman Sachs VIT Mid Cap Value Fund
(Institutional Shares)
Goldman Sachs Asset Management, L.P. |
0.81%1 |
9.39% |
10.05% |
10.02% |
| Non-diversified fund that
seeks capital growth. |
Invesco V.I. American Franchise Fund
(Series II Shares)
Invesco Advisers, Inc. |
1.10% |
11.39% |
10.08% |
14.58% |
| 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 capital
appreciation. |
Invesco V.I. Discovery Mid Cap Growth Fund
(Series II Shares)
Invesco Advisers, Inc. |
1.11% |
4.53% |
3.64% |
11.10% |
| 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%1 |
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% |
| The fund pursues
long-term total return
using a strategy that
seeks to protect against
U.S. inflation. |
LVIP American Century Inflation Protection
Fund (Service Class)
Lincoln Financial Investments Corporation,
adviser; American Century Investment
Management, Inc., subadviser. |
0.81%1 |
6.33% |
0.62% |
2.61% |
Wells Fargo Advantage Select Variable Annuity — Summary Prospectus 13
| 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 capital
growth. Income is a
secondary objective. |
LVIP American Century Value Fund (Service
Class)
Lincoln Financial Investments Corporation,
adviser; American Century Investment
Management, Inc., subadviser. |
0.86%1 |
15.85% |
11.47% |
10.07% |
| 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,
subadvisers. |
1.00% |
15.05% |
7.71% |
8.36% |
| Seeks capital
appreciation. |
Putnam VT Small Cap Value Fund (Class IB
Shares)
Putnam Investment Management, LLC,
adviser; Franklin Advisers, Inc. and Franklin
Templeton Investment Management Limited,
subadvisers. |
1.02% |
5.27% |
10.99% |
9.13% |
| 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%1 |
15.73% |
(0.96%) |
(0.15%) |
| Seeks to provide a high
level of total return that
is consistent with an
aggressive level of risk. |
Variable Portfolio - Aggressive Portfolio
(Class 2)2 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)2 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 a
conservative level of
risk. |
Variable Portfolio - Conservative Portfolio
(Class 2)2 Columbia Management Investment Advisers, LLC |
0.89%1 |
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)2 Columbia Management Investment Advisers, LLC |
0.89%1 |
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)2,3 Columbia Management Investment Advisers, LLC |
0.95% |
9.17% |
1.15% |
3.33% |
14 Wells Fargo Advantage Select Variable Annuity — 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 | |||
| Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Conservative Growth Fund (Class 2)2,3 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)2,3 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)2,3 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)2 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)2 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)2 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)2 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)2 Columbia Management Investment Advisers, LLC |
0.94% |
12.10% |
3.18% |
4.92% |
| 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)2 Columbia Management Investment Advisers, LLC |
0.94% |
12.13% |
3.19% |
4.92% |
| 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%1 |
7.21% |
6.73% |
7.20% |
1
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.
2
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.
Wells Fargo Advantage Select Variable Annuity — Summary Prospectus 15
3
This Fund is managed in a way that is intended to minimize volatility of returns. See
“Principal Risks of Investing in the Contract.”
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)
16 Wells Fargo Advantage Select Variable Annuity — Summary Prospectus
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 One-Year 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 withdrawn 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 |
3.00% |
| 2 Year Guarantee Period Account |
2 Years |
3.00% |
| 3 Year Guarantee Period Account |
3 Years |
3.00% |
| 4 Year Guarantee Period Account |
4 Years |
3.00% |
| 5 Year Guarantee Period Account |
5 Years |
3.00% |
| 6 Year Guarantee Period Account |
6 Years |
3.00% |
| 7 Year Guarantee Period Account |
7 Years |
3.00% |
| 8 Year Guarantee Period Account |
8 Years |
3.00% |
| 9 Year Guarantee Period Account |
9 Years |
3.00% |
| 10 Year Guarantee Period Account |
10 Years |
3.00% |
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.
| One-Year Fixed Account |
1 Year |
All |
3.00% |
| DCA Fixed Account |
6 Months |
All |
3.00% |
| DCA Fixed Account |
1 Year |
All |
3.00% |
Wells Fargo Advantage Select Variable Annuity — Summary Prospectus 17
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
USP9055_12_E01_(05/26)
Reports and other information about
RiverSource Variable Annuity Accountand 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: C000044134; C000267020
©2008-2026 RiverSource Life Insurance Company. All rights reserved.
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