0001193125-14-346502.txt : 20140919 0001193125-14-346502.hdr.sgml : 20140919 20140919104907 ACCESSION NUMBER: 0001193125-14-346502 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140919 DATE AS OF CHANGE: 20140919 EFFECTIVENESS DATE: 20140919 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE VARIABLE ANNUITY ACCOUNT CENTRAL INDEX KEY: 0000926266 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-139759 FILM NUMBER: 141111238 BUSINESS ADDRESS: STREET 1: 50605 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5229 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126784177 MAIL ADDRESS: STREET 1: 50605 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5229 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN ENTERPRISE VARIABLE ANNUITY ACCOUNT/ DATE OF NAME CHANGE: 19990708 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN ENTERPRISE VARIABLE ANNUITY ACCOUNT DATE OF NAME CHANGE: 19940701 0000926266 S000003534 RIVERSOURCE VARIABLE ANNUITY ACCOUNT C000044117 Evergreen Pathways Select Variable Annuity C000044119 RiverSource AccessChoice Select Variable Annuity C000044121 RiverSource FlexChoice Select Variable Annuity C000044122 Wells Fargo Advantage Choice Select Variable Annuity 497 1 d791148d497.htm 497 497
Prospectus Supplement dated Sept. 19, 2014
    Product Name    Prospectus Form #
         National    New York
1.   RiverSource Retirement Advisor Advantage Plus® Variable Annuity/
RiverSource Retirement Advisor Select Plus® Variable Annuity		    S-6273 T (5/14)    S-6362 N (5/14)
2.   RiverSource Retirement Advisor 4 Advantage® Variable Annuity/
RiverSource Retirement Advisor 4 Select® Variable Annuity/
RiverSource Retirement Advisor 4 Access® Variable Annuity		    S-6503 L (5/14)    S-6504 L (5/14)
3.   RiverSource® RAVA 5 Advantage® Variable Annuity/
RiverSource® RAVA 5 Select® Variable Annuity/
RiverSource® RAVA 5 Access® Variable Annuity		    140463 E (5/14)    140464 E (5/14)
4.   RiverSource® AccessChoice Select Variable Annuity    273416 R (5/14)     
5.   RiverSource® Builder Select Variable Annuity    45303 R (5/14)     
6.   RiverSource® Endeavor Select Variable Annuity    273417 R (5/14)    273480 R (4/13)
7.   RiverSource® FlexChoice Select Variable Annuity    45307 R (5/14)    274320 J (4/13)
8.   RiverSource® Innovations Classic Select Variable Annuity    45312 N (5/14)     
9.   RiverSource® Innovations Select Variable Annuity    45304 R (5/14)    45313 P (4/13)
10.   RiverSource® Signature One Select Variable Annuity    45301 R (5/14)     
11.   RiverSource® Signature Select Variable Annuity    45300 R (5/14)     
12.   Evergreen New Solutions Select Variable Annuity    45308 P (5/14)     
13.   Evergreen PathwaysSM Select Variable Annuity    45309 P (5/14)     
14.   Wells Fargo Advantage ChoiceSM Select Variable Annuity    45305 P (5/14)     
15.   Wells Fargo Advantage® Select Variable Annuity    45302 P (5/14)     

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 the fees for certain riders.

Effective October 18, 2014, the fees for the Accumulation Protector Benefit rider or Accumulation Benefit rider are changed for elective step up or the elective spousal continuation step up requests.

 

1

I. For products 1 and 2 in the table on page 1 of this supplement, the following hereby replaces the corresponding paragraphs in the “Expense Summary — Optional Living Benefits”, “Optional Living Benefit Charges — Accumulation Benefit Rider Charge” and “Guaranteed Minimum Accumulation Benefit (Accumulation Benefit) Rider” sections of the prospectus:

Expense Summary — Optional Living Benefits

Accumulation Benefit rider fee

Current annual rider fees for elective step up or elective spousal continuation step up are shown in the table below.

 

         

If invested in Portfolio Navigator

at the time of step up:

  

If invested in Portfolio Stabilizer

at the time of step up:

Product   Contract
purchase date		   Current annual
rider fee  for
elective step ups
before 10/20/12		  

Current annual
rider fee for

elective step ups
on or after
10/20/12, but
before 10/18/14

   Current annual
rider fee for
elective step ups
on or after
10/18/14		   Current annual
rider fee for
elective step ups
on or after
11/18/13, but
before 10/18/14		   Current annual
rider fee  for
elective step ups
on or after
10/18/14
Product 1 and Product 2   prior to 1/26/2009   0.60%   1.75%   1.60%   1.30%   1.00%
Product 2  

1/26/2009–

5/31/2009

   0.80%   1.75%   1.60%   1.30%   1.00%
Product 2  

11/09/2009–

10/03/2010

   1.25%   1.75%   1.60%   1.30%   1.00%
Product 2   10/04/2010 and later   1.50%   1.75%   1.60%   1.30%   1.00%

Optional Living Benefit Charges — Accumulation Benefit Rider Fee

If you request an elective step up or the elective spousal continuation step up, the fee that will apply to your rider will correspond to the fund in which you are invested at that time, as shown in the table below.

 

         

If invested in Portfolio Navigator

at the time of step up:

  

If invested in Portfolio Stabilizer

at the time of step up:

Product   Contract
purchase date		   Initial annual
rider fee and
Current annual
rider fee for
elective step ups
before 10/20/12		   Current annual
rider fee for
elective step ups
on or after
10/20/12, but
before 10/18/14		   Current annual
rider fee for
elective step ups
on or after
10/18/14		   Current annual
rider fee for
elective step ups
on or after
11/18/13, but
before 10/18/14		   Current annual
rider fee for
elective step ups
on or after
10/18/14
Product 1 and Product 2   prior to 1/26/2009   0.60%   1.75%   1.60%   1.30%   1.00%
Product 2  

1/26/2009–

5/31/2009

   0.80%   1.75%   1.60%   1.30%   1.00%
Product 2  

11/09/2009–

10/03/2010

   1.25%   1.75%   1.60%   1.30%   1.00%
Product 2   10/04/2010 and later   1.50%   1.75%   1.60%   1.30%   1.00%

 

2

GUARANTEED MINIMUM ACCUMULATION BENEFIT (ACCUMULATION BENEFIT) RIDER –

Elective Step up option

The last paragraph of this section is replaced with the following:

We have the right to restrict the elective step up option on inherited IRAs, but we currently allow them. Please consider carefully if an elective step up is appropriate if you own an inherited IRA because the elective step up will restart the waiting period and the required minimum distributions for an inherited IRA may significantly decrease the future benefit payable under this rider. We reserve the right to restrict the elective step up option on inherited IRAs in the future.

The elective step up option is not available if the benefit date would be after the annuitization start date.

 

II. For product 3 in the table on page 1 of this supplement, the following hereby replaces the corresponding paragraphs in the “Expense Summary — Optional Living Benefits” and “Optional Living Benefit Charges — Accumulation Protector Benefit Rider Charge” sections of the prospectus:

Expense Summary — Optional Living Benefits

Accumulation Protector Benefit rider fee

Current annual rider fees for elective step up or elective spousal continuation step up are shown in the table below.

 

    

If invested in Portfolio Navigator

at the time of step up:

  

If invested in Portfolio Stabilizer

at the time of step up:

For applications signed   Current annual
rider fee  for
elective step ups
before 10/20/12		  

Current annual
rider fee for

elective step ups

on or after
10/20/12, but
before 10/18/14

  

Current annual
rider fee for

elective step ups

on or after
10/18/14

  

Current annual
rider fee for

elective step ups
on or after
11/18/13, but
before 10/18/14

  

Current annual
rider fee for

elective step ups
on or after
10/18/14

prior to 10/04/2010   1.25%   1.75%   1.60%   1.30%   1.00%
10/04/2010–11/13/2011   1.50%   1.75%   1.60%   1.30%   1.00%
11/14/2011 and later   1.75%   1.75%   1.60%   1.30%   1.00%

Optional Living Benefit Charges — Accumulation Protector Benefit Rider Charge

If you request an elective step up or the elective spousal continuation step up, the fee that will apply to your rider will correspond to the fund in which you are invested at that time, as shown in the table below.

 

    

If invested in Portfolio Navigator

at the time of step up:

  

If invested in Portfolio Stabilizer

at the time of step up:

For applications signed  

Initial annual
rider fee and
Current annual
rider fee for

elective step ups
before 10/20/12

  

Current annual
rider fee for

elective step ups
on or after
10/20/12, but
before 10/18/14

  

Current annual
rider fee for

elective step ups
on or after
10/18/14

  

Current annual
rider fee for

elective step ups
on or after
11/18/13, but
before 10/18/14

  

Current annual
rider fee for

elective step ups
on or after
10/18/14

prior to 10/04/2010   1.25%   1.75%   1.60%   1.30%   1.00%
10/04/2010–11/13/2011   1.50%   1.75%   1.60%   1.30%   1.00%
11/14/2011 and later   1.75%   1.75%   1.60%   1.30%   1.00%

 

3

III. For products 4-15 in the table on page 1 of this supplement, the following hereby replaces the corresponding paragraphs in the “Expense Summary — Optional Living Benefits”, “Optional Living Benefit Charges — Accumulation Protector Benefit Rider Charge” and “Accumulation Protector Benefit Rider” sections of the prospectus:

Expense Summary — Optional Living Benefits

Accumulation Protector Benefit rider fee

Current rider fees for elective step up or elective spousal continuation step up are shown in the table below.

Current Contract:

 

    

If invested in Portfolio Navigator

at the time of step up:

  

If invested in Portfolio Stabilizer

at the time of step up:

For application signed:  

Current annual
rider fee for

elective step ups
before 10/20/12

  

Current annual
rider fee for

elective step ups
on or after
10/20/12, but
before 10/18/14

  

Current annual
rider fee for

elective step ups
on or after
10/18/14

  

Current annual
rider fee for

elective step ups
on or after
11/18/13, but
before 10/18/14

   Current annual
rider fee for
elective step ups
on or after
10/18/14
May 3, 2010–July 18, 2010   0.95%   1.75%   1.60%   1.30%   1.00%
July 19, 2010–Oct. 3, 2010   1.10%   1.75%   1.60%   1.30%   1.00%
Oct. 4, 2010 through Dec. 31, 2010   1.50%   1.75%   1.60%   1.30%   1.00%

Original Contract:

 

    

If invested in Portfolio Navigator

at the time of step up:

  

If invested in Portfolio Stabilizer

at the time of step up:

For application signed:  

Current annual
rider fee for

elective step ups
before 4/29/13

  

Current annual
rider fee for

elective step ups
on or after
4/29/13, but
before 10/18/14

   Current annual
rider fee for
elective step ups
on or after
10/18/14		  

Current annual
rider fee for

elective step ups
on or after
11/18/13, but
before 10/18/14

  

Current annual
rider fee for

elective step ups
on or after
10/18/14

prior to Jan. 26, 2009   0.55%   1.75%   1.60%   1.30%   1.00%
Jan. 26, 2009–May 31, 2009   0.80%   1.75%   1.60%   1.30%   1.00%

 

4

Optional Living Benefit Charges — Accumulation Protector Benefit Rider Fee

If you request an elective step up or the elective spousal continuation step up, the fee that will apply to your rider will correspond to the fund in which you are invested at that time, as shown in the table below.

Current Contract:

 

    

If invested in Portfolio Navigator

at the time of step up:

  

If invested in Portfolio Stabilizer

at the time of step up:

For application signed:  

Initial annual
rider fee and
Current annual
rider fee for

elective step ups
before 10/20/12

   Current annual
rider fee for
elective step ups
on or after
10/20/12, but
before 10/18/14		  

Current annual
rider fee for

elective step ups
on or after
10/18/14

  

Current annual
rider fee for

elective step ups
on or after
11/18/13, but
before 10/18/14

  

Current annual
rider fee for

elective step ups
on or after

10/18/14

May 3, 2010–July 18, 2010   0.95%   1.75%   1.60%   1.30%   1.00%
July 19, 2010–Oct. 3, 2010   1.10%   1.75%   1.60%   1.30%   1.00%
Oct. 4, 2010 through Dec. 31, 2010   1.50%   1.75%   1.60%   1.30%   1.00%

Original Contract:

 

For application signed:  

Initial annual
rider fee and
Current annual
rider fee for

elective step ups
before 4/29/13

  

Current annual
rider fee for

elective step ups
on or after
4/29/13, but
before 10/18/14

  

Current annual
rider fee for

elective step ups
on or after
10/18/14

  

Current annual
rider fee for

elective step ups
on or after
11/18/13, but
before 10/18/14

  

Current annual
rider fee for

elective step ups
on or after
10/18/14

prior to Jan. 26, 2009   0.55%   1.75%   1.60%   1.30%   1.00%
Jan. 26, 2009–May 31, 2009   0.80%   1.75%   1.60%   1.30%   1.00%

ACCUMULATION PROTECTOR BENEFIT RIDER – Elective Step Up Option

The last paragraph of this section is replaced with the following:

For Original Contracts:

We have the right to restrict the elective step up option on inherited IRAs, but we currently allow them. Please consider carefully if an elective step up is appropriate if you own an inherited IRA because the elective step up will restart the waiting period and the required minimum distributions for an inherited IRA may significantly decrease the future benefit payable under this rider. We reserve the right to restrict the elective step up option on inherited IRAs in the future.

The elective step up option is not available if the benefit date would be after the annuitization start date.

For Current Contracts:

The elective step up option is not available for inherited IRAs or if the benefit date would be after the annuitization start date.

THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE.

S-6273-26 A (9/14)

 

5