497 1 d837144d497.htm 497 497
Supplement dated March 16, 2020
to
Prospectuses dated April 29, 2019
  Prospectus Form #
Product Name National New York
RiverSource ® RAVA 5 Advantage® Variable Annuity (Offered for contract applications signed on or after April 29, 2019) S-6720 CF (4/19) S-6725 CF (4/19)
RiverSource ® RAVA 5 ChoiceSM Variable Annuity S-6710 CF (4/19) S-6715 CF (4/19)
The information in this supplement updates and amends certain information contained in your current variable annuity product prospectus. Please read it carefully and keep it with your variable annuity contract product prospectus.
This supplement describes changes to certain optional living benefit riders.
Commencing with contract applications signed on or after March 30, 2020, the SecureSource Core Plus/
SecureSource Core Plus NY
riders and the Accumulation Protector Benefit rider are no longer available for sale.
THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE.
S-6720-6-A (03/20)
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Rate Sheet Prospectus Supplement dated March 16, 2020
to the
Prospectus Dated April 29, 2019
Product Name Prospectus Form #
RiverSource RAVA 5 ChoiceSM Variable Annuity S- 6710 CA (4/19)
Rate Sheet Prospectus Supplement
This Rate Sheet Prospectus Supplement (this “Supplement”) should be read and retained with your prospectus. This Supplement must be used in conjunction with the effective RiverSource RAVA 5 Choice Variable Annuity prospectus. If you need another copy of the prospectus, please call us at 1-800-862-7919. Historical rate sheet supplements will be reflected in an appendix to this prospectus. For additional information, you may consult your financial advisor or call us at 1-800-862-7919.
The Rate Sheet Prospectus Supplement has been filed with the Securities and Exchange Commission (the “SEC”) and is also available on the Edgar system at www.sec.gov File No. 333 – 229360 for the RiverSource RAVA 5 Choice Variable Annuity.
We are issuing this Supplement to provide the:
Current rider fees for the SecureSource Core, SecureSource Core Plus, SecureSource 4, and SecureSource 4 Plus optional benefit riders;
Lifetime Payment Percentages and Age Bands for the SecureSource Core, SecureSource Core Plus, SecureSource 4, and SecureSource 4 Plus optional benefit riders;
Income Bonus Percentage for the SecureSource 4 and SecureSource 4 Plus optional benefit riders;
Annual Credit percentage and Credit Period for the SecureSource Core, SecureSource Core Plus, SecureSource 4, and SecureSource 4 Plus optional benefit riders.
Base Doubler age used to determine Base Doubler Date for the SecureSource Core Plus optional benefit rider.
The rider fees, percentages, age bands, credit period and terms listed below apply to applications signed on or after MARCH 30, 2020.
In order to get these terms, your application must be signed and in good order while this Rate Sheet Prospectus Supplement is in effect. Because we reserve the right to change these terms upon notice as provided below, if your application is not signed and in good order while this Rate Sheet Prospectus Supplement is in effect then you will receive the terms that are in effect on the date that you have a signed application in good order. The rider fees, percentages, age bands, credit period and terms, listed below will not change after your application is signed, except as provided in the prospectus (See “Charges – Optional Living Benefit Charges”; “SecureSource Core Rider – Lifetime Payment Percentage/Annual Credits; “SecureSource Core Plus Rider – Lifetime Payment Percentage/ Annual Credits/Base Doubler”; “SecureSource 4 Rider – Lifetime Payment Percentage /Annual Credits”; “SecureSource 4 Plus Rider – Lifetime Payment Percentage/Annual Credits/Base Doubler”).
The rider fees, percentages, age bands, credit period and terms listed in this Rate Sheet Prospectus Supplement are subject to change and can be superseded upon 14 days prior notice as provided below. We may periodically issue a new Rate Sheet Prospectus Supplement that may reflect different values than the previous Rate Sheet Prospectus Supplement. Please note that any superseding terms do not apply to applications that are already signed and received by us in good order. Changes to the rider fees, percentages, age bands, credit period or terms listed in this Rate Sheet Prospectus Supplement will be disclosed at least 14 days in advance in a new Rate Sheet Prospectus Supplement filed on Edgar at www.sec.gov (File No. 333 –229360 for the RiverSource RAVA 5 Choice Variable Annuity).
RIDER FEES
Rider Single Life Option Joint Life Option
SecureSource CoreSM 1.60% 1.70%
SecureSource Core PlusSM N/A N/A
SecureSource 4® 1.55% 1.65%
SecureSource 4 Plus® 1.70% 1.80%
(Charged annually on the contract anniversary as a percentage of contract value or the Benefit Base, whichever is greater.)
LIFETIME PAYMENT PERCENTAGE
The Lifetime Payment Percentage is used to calculate the Current Annual Payment.
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SecureSource Core Rider
Age Bands Lifetime Payment
Percentage – Single Life
Lifetime Payment
Percentage – Joint Life
50-58 3.00% 2.60%
59-64 4.00% 3.60%
65-69 5.00% 4.60%
70-74 5.20% 4.70%
75-79 5.35% 4.85%
80+ 5.50% 5.00%
SecureSource Core Plus Rider
Age Bands Lifetime Payment
Percentage – Single Life
Lifetime Payment
Percentage – Joint Life
50-58 N/A N/A
59-64 N/A N/A
65-69 N/A N/A
70-74 N/A N/A
75-79 N/A N/A
80+ N/A N/A
SecureSource 4 Rider
Age Bands Minimum Lifetime Payment
Percentage – Single Life
Minimum Lifetime Payment
Percentage – Joint Life
Income Bonus
Percentage
50-58 2.80% 2.45% 1.00%
59-64 3.80% 3.45% 1.00%
65-69 4.80% 4.45% 1.00%
70-74 5.00% 4.55% 1.00%
75-79 5.15% 4.70% 1.00%
80+ 5.30% 4.85% 1.00%
SecureSource 4 Plus Rider
Age Bands Minimum Lifetime Payment
Percentage – Single Life
Minimum Lifetime Payment
Percentage – Joint Life
Income Bonus
Percentage
50-58 2.80% 2.45% 1.00%
59-64 3.80% 3.45% 1.00%
65-69 4.80% 4.45% 1.00%
70-74 5.00% 4.55% 1.00%
75-79 5.15% 4.70% 1.00%
80+ 5.30% 4.85% 1.00%
ANNUAL CREDIT PERCENTAGE AND CrEDIT PERIOD:
Rider Annual Credit Percentage Credit Period
SecureSource CoreSM 6% 10 years
SecureSource Core PlusSM N/A N/A
SecureSource 4® 6% 10 years
SecureSource 4 Plus® 7% 10 years
BASE DOUBLER AGE for the SecureSource CORE PLUS rider:
Base Doubler age is N/A.
THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE.
S-6710 – 3-A (03/20)
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