# EDGAR Filing Document

**Accession Number:** 0000727892
**File Stem:** 0001193125-25-211405
**Filing Date:** 2025-9
**Character Count:** 2723423
**Document Hash:** e642b728460b8d7f9a1f769a72cfbc7f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-211405.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0001193125-25-211405

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 11

**FILED AS OF DATE**: 20250922

**EFFECTIVENESS DATE**: 20250922

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RIVERSOURCE LIFE INSURANCE CO
- **CENTRAL INDEX KEY:** 0000727892
- **STANDARD INDUSTRIAL CLASSIFICATION:** LIFE INSURANCE [6311]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 410823832
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-99999
- **FILM NUMBER:** 251330476

**BUSINESS ADDRESS:**
- **STREET 1:** 1099 AMERIPRISE FINANCIAL CENTER
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55474
- **BUSINESS PHONE:** 6126713131

**MAIL ADDRESS:**
- **STREET 1:** 1099 AMERIPRISE FINANCIAL CENTER
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55474

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDS LIFE INSURANCE CO
- **DATE OF NAME CHANGE:** 19970414

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDS LIFE INSURANCE CO /MN
- **DATE OF NAME CHANGE:** 19920703
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RIVERSOURCE LIFE INSURANCE CO
- **CENTRAL INDEX KEY:** 0000727892
- **STANDARD INDUSTRIAL CLASSIFICATION:** LIFE INSURANCE [6311]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 410823832
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-290380
- **FILM NUMBER:** 251330475

**BUSINESS ADDRESS:**
- **STREET 1:** 1099 AMERIPRISE FINANCIAL CENTER
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55474
- **BUSINESS PHONE:** 6126713131

**MAIL ADDRESS:**
- **STREET 1:** 1099 AMERIPRISE FINANCIAL CENTER
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55474

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDS LIFE INSURANCE CO
- **DATE OF NAME CHANGE:** 19970414

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDS LIFE INSURANCE CO /MN
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### RIVERSOURCE LIFE INSURANCE CO (Series ID: S000091107)

| Class ID   | Class Name                                                                                                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000266994 | RiverSource Retirement Advisor Advantage Plus Variable Annuity/RiverSource Retirement Advisor Select Plus Variable Annuity and GPA          |  |
| C000266995 | RiverSource Retirement Advisor 4 Advantage VA/RiverSource Retirement Advisor 4 Select VA/RiverSource Retirement Advisor 4 Access VA and GPA |  |
| C000266996 | RAVA 5 Advantage Variable Annuity (offered for contract applications signed prior to April 30, 2012) and GPA                                |  |
| C000266997 | RAVA 5 Select Variable Annuity (offered for contract applications signed prior to April 30, 2012) and GPA                                   |  |
| C000266998 | RAVA 5 Access Variable Annuity (offered for contract applications signed prior to April 30, 2012) and GPA                                   |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**As filed with the Securities and Exchange Commission on September 19, 2025**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

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**FORM N-4**

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**REGISTRATION STATEMENT**

***UNDER*** <br>***THE SECURITIES ACT OF 1933*** 

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| | |
|:---|:---|
| **Pre-Effective Amendment No.**  | [] |
| **Post-Effective Amendment No. 88 (File No. 333-79311)** | [X] |
| **Post-Effective Amendment No. 1 (File No. 333-290380)** | [X] |

---

**and/or**

**REGISTRATION STATEMENT**

***UNDER*** <br>***THE INVESTMENT COMPANY ACT OF 1940*** 

---

| | |
|:---|:---|
| **Amendment No. 231 (File No. 811-07355)** | [X] |

---

**(Check appropriate box or boxes)**

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**RIVERSOURCE VARIABLE ACCOUNT 10**

**(Exact Name of Registrant)**

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**RiverSource Life Insurance Company**

**(Name of Depositor)**

**70100 Ameriprise Financial Center, Minneapolis, MN 55474**

**(Address of Depositor's Principal Executive Offices) (Zip Code)**

**Depositor's Telephone Number, including Area Code (612) 678-5337**

**Nicole D. Wood, 50605 Ameriprise Financial Center, Minneapolis, MN 55474**

**(Name and Address of Agent for Service)**

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It is proposed that this filing will become effective (check appropriate box)

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| | |
|:---|:---|
| [] | immediately upon filing pursuant to paragraph (b) of Rule 485 |
| [X] | on September 22, 2025 pursuant to paragraph (b) of Rule 485 |
| [] | 60 days after filing pursuant to paragraph (a)(1) of Rule 485 |
| [] | on [date] pursuant to paragraph (a)(1) of Rule 485 |

---

**If appropriate, check the following box:** 

[] This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

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**Check each box that appropriately characterize the Registrant:** 

---

| | |
|:---|:---|
| [] | &nbsp;&nbsp; New Registrant (as applicable, a Registered Separate Account or Insurance Company that has not filed a Securities Act registration <br> statement or amendment thereto within 3 years preceding this filing) <br>|
| [] | Emerging Growth Company (as defined by Rule 12b-2 under the Securities Exchange Act of 1934 ("Exchange Act")) |
| [] | &nbsp;&nbsp; If an Emerging Growth Company, indicate by check mark if the Registrant has elected not to use the extended transition period for <br> complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act<br>|
| [X] | Insurance Company relying on Rule 12h-7 under the Exchange Act |
| [] | Smaller reporting company (as defined by Rule 12b-2 under the Exchange Act) |

---

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PART A.

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Prospectus

September 22, 2025

*RiverSource*<sup>®</sup>

Retirement Advisor Advantage Plus Variable Annuity

Retirement Advisor Select Plus Variable Annuity

**Individual Flexible Premium Deferred Combination Fixed/Variable Annuities** 

---

| | |
|:---|:---|
| **Issued by:** | **RiverSource Life Insurance Company (RiverSource Life)** |
|  | &nbsp;&nbsp; 70100 Ameriprise Financial Center<br> Minneapolis, MN 55474<br> Telephone: 1-800-862-7919<br> (Service Center)<br> ameriprise.com/variableannuities<br> **RiverSource Variable Account 10**<br>|

---

This prospectus contains information that you should know before investing in the RiverSource Retirement Advisor Advantage Plus (RAVA Advantage Plus) and RiverSource Retirement Advisor Select Plus (RAVA Select Plus) Variable Annuities (Contract), individual flexible premium deferred combination fixed/variable annuity contracts issued by RiverSource Life Insurance Company ("RVS Life", "we", "us" and "our"). The RAVA Advantage Plus Contract offers seven-year and ten-year surrender charge schedules. The information in this prospectus applies to all contracts unless stated otherwise. All material terms and conditions of the contracts, including material state variations and distribution channels, are described in this prospectus.

The contract allows you to invest your money in (i) available subaccounts investing in shares of underlying funds, each of which has a particular investment objective, investment strategies, fees and expenses; or (ii) the regular fixed account, special dollar cost averaging ("SDCA") fixed account, and guarantee period accounts ("GPAs"), each of which earn fixed interest at rates that we adjust periodically and declare when you make an allocation to that account. Additional information regarding each investment option is provided in Appendix A – Investment Options Available Under the Contract.

The contract is a complex investment and involves risks, including loss of principal. The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in surrender charges, taxes, and tax penalties. If you remove money from the GPAs prior to 30 days before the end of the guarantee period, we will apply a market value adjustment ("MVA"), which may be positive or negative. **You could lose up to 100% of the amount withdrawn from a GPA as a result of a negative MVA.** Withdrawals from the contract could also reduce the amount of certain optional benefits by more than the dollar amount of the withdrawal, and such reductions could be significant.

An investment in the contract is subject to the risks related to RVS Life. Any obligations under the contract that exceed the assets of the separate account are subject to our financial strength and claims-paying ability.

**The contracts are no longer available for new purchases.** These contracts are no longer being sold and this prospectus is designed for current contract owners. In addition to the possible state variations, you should note that your contract features and charges may vary depending on the date on which you purchased your contract.

For more information about the particular features, charges and options applicable to you, please contact your financial professional or refer to your contract for contract variation information.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 1

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This contract provides for purchase payment credits to eligible contract owners, which we may reverse upon payment of a lump sum death benefit when the date of death is within 12 months of when the purchase payment credit was applied or upon a surrender payment subject to a surrender charge waiver due to Hospital or Nursing Home Confinement within 12 months of when the purchase payment credit was applied or your settlement of the contract under an annuity payout plan (see "Buying Your Contract – Purchase Payment Credits"). Expense charges for contracts with purchase payment credits may be higher than expenses for contracts without such credits. The amount of the credit may be more than offset by any additional fees and charges associated with the credit.

Additional information about certain investment products, including variable annuities and market value adjusted 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.**

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2 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| [Key Terms](#xx_8a4dbe94-71de-4f63-bded-563575f1bee2_1) | 4 |
| [Overview of the](#xx_4767153f-8548-4d43-833a-529774c490c2_1)[Contract](#xx_4767153f-8548-4d43-833a-529774c490c2_1) | 6 |
| &nbsp;&nbsp;&nbsp; [Important Information You Should Consider About](#xx_372cdcc2-c57a-429e-a061-5cf46a7e6aea_1)<br> [the](#xx_372cdcc2-c57a-429e-a061-5cf46a7e6aea_1)[Contract](#xx_372cdcc2-c57a-429e-a061-5cf46a7e6aea_1)<br>| 8 |
| [Fee Table and Examples](#xx_61b3ea0c-ca7f-4c87-ab3a-0494642d5554_1) | 12 |
| &nbsp;&nbsp;&nbsp; [Transaction Expenses](#xx_61b3ea0c-ca7f-4c87-ab3a-0494642d5554_1) | 12 |
| &nbsp;&nbsp;&nbsp; [Adjustments](#xx_61b3ea0c-ca7f-4c87-ab3a-0494642d5554_1) | 12 |
| &nbsp;&nbsp;&nbsp; [Annual Contract Expenses](#xx_61b3ea0c-ca7f-4c87-ab3a-0494642d5554_2) | 13 |
| &nbsp;&nbsp;&nbsp; [Annual Fund Expenses](#xx_61b3ea0c-ca7f-4c87-ab3a-0494642d5554_3) | 14 |
| [Principal Risks of Investing in the](#xx_070fdcf4-429b-4665-a6f2-e1ce4607e95f_1)[Contract](#xx_070fdcf4-429b-4665-a6f2-e1ce4607e95f_1) | 17 |
| [The Variable Account and the Funds](#xx_070fdcf4-429b-4665-a6f2-e1ce4607e95f_2) | 18 |
| &nbsp;&nbsp;&nbsp; [The "Nonunitized" Separate Account and the](#xx_070fdcf4-429b-4665-a6f2-e1ce4607e95f_5)<br> [Guarantee Period Accounts (GPAs)](#xx_070fdcf4-429b-4665-a6f2-e1ce4607e95f_5)<br>| 21 |
| [The General Account](#xx_a5547ca4-c9a5-40c9-9530-41ef1c198e76_1) | 23 |
| [The Fixed Account](#xx_a5547ca4-c9a5-40c9-9530-41ef1c198e76_1) | 23 |
| [The Special DCA Account](#xx_a5547ca4-c9a5-40c9-9530-41ef1c198e76_1) | 23 |
| [Buying Your Contract](#xx_421ddd69-afdd-4c69-9b3d-f48188236b8f_1) | 25 |
| &nbsp;&nbsp;&nbsp; [Purchase Payments\*](#xx_421ddd69-afdd-4c69-9b3d-f48188236b8f_1) | 25 |
| &nbsp;&nbsp;&nbsp; [How to Make Purchase Payments](#xx_421ddd69-afdd-4c69-9b3d-f48188236b8f_2) | 26 |
| &nbsp;&nbsp;&nbsp; [Purchase Payment Credits](#xx_421ddd69-afdd-4c69-9b3d-f48188236b8f_3) | 27 |
| &nbsp;&nbsp;&nbsp; [Limitations on Use of Contracts](#xx_421ddd69-afdd-4c69-9b3d-f48188236b8f_4) | 28 |
| &nbsp;&nbsp;&nbsp; [The Settlement Date](#xx_421ddd69-afdd-4c69-9b3d-f48188236b8f_4) | 28 |
| &nbsp;&nbsp;&nbsp; [Beneficiary](#xx_421ddd69-afdd-4c69-9b3d-f48188236b8f_4) | 28 |
| [Charges](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_1)[and Adjustments](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_1) | 29 |
| [Transaction Expenses](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_1) | 29 |
| &nbsp;&nbsp;&nbsp; [Surrender Charge](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_1) | 29 |
| [Annual Contract Expenses](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_4) | 32 |
| &nbsp;&nbsp;&nbsp; [Base Contract Expenses](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_4) | 32 |
| &nbsp;&nbsp;&nbsp; [Contract Administrative Charge](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_4) | 32 |
| &nbsp;&nbsp;&nbsp; [Mortality and Expense Risk Fee](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_4) | 32 |
| [Adjustments](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_5) | 33 |
| &nbsp;&nbsp;&nbsp; [Market Value Adjustments](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_5) | 33 |
| [Optional Benefit Charges](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_6) | 34 |
| &nbsp;&nbsp;&nbsp; [Optional Living Benefit Charges](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_6) | 34 |
| &nbsp;&nbsp;&nbsp; [Accumulation Benefit Rider Fee](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_6) | 34 |
| &nbsp;&nbsp;&nbsp; [Withdrawal Benefit Rider Fee](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_7) | 35 |
| &nbsp;&nbsp;&nbsp; [Optional Death Benefit Charges](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_9) | 37 |
| &nbsp;&nbsp;&nbsp; [ROPP Rider Fee](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_9) | 37 |
| &nbsp;&nbsp;&nbsp; [MAV Rider Fee](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_9) | 37 |
| &nbsp;&nbsp;&nbsp; [5-Year MAV Rider Fee](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_9) | 37 |
| &nbsp;&nbsp;&nbsp; [EEB Rider Fee](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_10) | 38 |
| &nbsp;&nbsp;&nbsp; [EEP Rider Fee](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_10) | 38 |
| &nbsp;&nbsp;&nbsp; [Rider Combination Discount](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_10) | 38 |
| &nbsp;&nbsp;&nbsp; [PN Rider Fee](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_10) | 38 |

---

---

| | |
|:---|:---|
| [Fund Fees and Expenses](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_10) | 38 |
| &nbsp;&nbsp;&nbsp; [Premium Taxes](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_10) | 38 |
| [Valuing Your Investment](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_10) | 38 |
| &nbsp;&nbsp;&nbsp; [GPA](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_10) | 38 |
| &nbsp;&nbsp;&nbsp; [The Fixed Account](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_11) | 39 |
| &nbsp;&nbsp;&nbsp; [The Special DCA Account](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_11) | 39 |
| &nbsp;&nbsp;&nbsp; [Subaccounts](#xx_15fdf725-a5fe-437a-9146-a4e1fca18dec_11) | 39 |
| [Making the Most of Your Contract](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_1) | 41 |
| &nbsp;&nbsp;&nbsp; [Automated Dollar-Cost Averaging](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_1) | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Special Dollar-Cost Averaging (Special DCA)](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_1)<br> [Program](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_1)<br>| 41 |
| &nbsp;&nbsp;&nbsp; [Asset Rebalancing](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_2) | 42 |
| &nbsp;&nbsp;&nbsp; [Asset Allocation Program](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_2) | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Portfolio Navigator Program (PN Program) and](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_3)<br> [Portfolio Stabilizer Funds](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_3)<br>| 43 |
| &nbsp;&nbsp;&nbsp; [Transferring Among Accounts](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_6) | 46 |
| &nbsp;&nbsp;&nbsp; [How to Request a Transfer or Surrender](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_9) | 49 |
| [Surrenders](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_10) | 50 |
| &nbsp;&nbsp;&nbsp; [Surrender Policies](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_11) | 51 |
| &nbsp;&nbsp;&nbsp; [Receiving Payment](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_11) | 51 |
| [TSA – Special Provisions](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_11) | 51 |
| &nbsp;&nbsp;&nbsp; [Participants in Tax-Sheltered Annuities](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_11) | 51 |
| [Changing Ownership](#xx_46d49a6d-20e7-4771-ba2a-5284bc492ca8_12) | 52 |
| [Benefits Available Under the](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_1)[Contract](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_1) | 54 |
| &nbsp;&nbsp;&nbsp; [Benefits in Case of Death — Standard Death](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_6)<br> [Benefit](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_6)<br>| 59 |
| &nbsp;&nbsp;&nbsp; [If You Die Before Your Settlement Date](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_6) | 59 |
| [Optional Benefits](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_8) | 61 |
| &nbsp;&nbsp;&nbsp; [Optional Death Benefits](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_8) | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Return of Purchase Payments Death Benefit](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_8)<br> [(ROPP)](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_8)<br>| 61 |
| &nbsp;&nbsp;&nbsp; [Maximum Anniversary Value Death Benefit (MAV)](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_9) | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Maximum Five Year Anniversary Value Death](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_10)<br> [Benefit (5-Year MAV)](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_10)<br>| 63 |
| &nbsp;&nbsp;&nbsp; [Enhanced Earnings Death Benefit (EEB)](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_11) | 64 |
| &nbsp;&nbsp;&nbsp; [Enhanced Earnings Plus Death Benefit (EEP)](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_12) | 65 |
| &nbsp;&nbsp;&nbsp; [Optional Living Benefits](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_14) | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Accumulation Benefit](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_14)<br> [(Accumulation Benefit) Rider](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_14)<br>| 67 |
| &nbsp;&nbsp;&nbsp; [Guaranteed Minimum Withdrawal Benefit Rider](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_16) | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [(Withdrawal Benefit and Enhanced Withdrawal](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_16)<br> [Benefit)](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_16)<br>| 69 |
| [The Annuity Payout Period](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_22) | 75 |
| &nbsp;&nbsp;&nbsp; [Annuity Tables](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_23) | 76 |
| &nbsp;&nbsp;&nbsp; [Annuity Payout Plans](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_23) | 76 |

---

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 3

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**Table of Contents**

---

| | |
|:---|:---|
| [Taxes](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_24) | 77 |
| &nbsp;&nbsp;&nbsp; [Nonqualified Annuities](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_24) | 77 |
| &nbsp;&nbsp;&nbsp; [Qualified Annuities](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_26) | 79 |
| &nbsp;&nbsp;&nbsp; [Other](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_28) | 81 |
| [Voting Rights](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_29) | 82 |
| [Substitution of Investments](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_29) | 82 |
| [About the Service Providers](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_30) | 83 |
| &nbsp;&nbsp;&nbsp; [Principal Underwriter](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_30) | 83 |
| &nbsp;&nbsp;&nbsp; [Issuer](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_31) | 84 |
| &nbsp;&nbsp;&nbsp; [Legal Proceedings](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_31) | 84 |
| [Financial Statements](#xx_66a71e6f-1e69-4b51-ab70-800335c60a5a_32) | 85 |
| &nbsp;&nbsp;&nbsp; [Appendix](#xx_e7e96180-975a-47c4-8f7a-1228c91980ac_1)[A](#xx_e7e96180-975a-47c4-8f7a-1228c91980ac_1)[: Investment Options Available Under the](#xx_e7e96180-975a-47c4-8f7a-1228c91980ac_1)<br> [Contract](#xx_e7e96180-975a-47c4-8f7a-1228c91980ac_1)<br>| 86 |
| [Appendix](#xx_de4e725b-e714-4708-82db-8f2d0a737a66_1)[B](#xx_de4e725b-e714-4708-82db-8f2d0a737a66_1)[: Example – Surrender Charges](#xx_de4e725b-e714-4708-82db-8f2d0a737a66_1) | 99 |
| [Appendix](#xx_c83a1a12-d9dd-462e-a1a8-03e426749cf4_1)[C](#xx_c83a1a12-d9dd-462e-a1a8-03e426749cf4_1)[: Example – Optional Benefits](#xx_c83a1a12-d9dd-462e-a1a8-03e426749cf4_1) | 104 |
| &nbsp;&nbsp;&nbsp; [Appendix](#xx_5d8971c2-6273-49d7-899a-2752945f1782_1)[D](#xx_5d8971c2-6273-49d7-899a-2752945f1782_1)[: Example – Withdrawal Benefit Riders:](#xx_5d8971c2-6273-49d7-899a-2752945f1782_1)<br> [Electing Step-up or Spousal Continuation Step-up](#xx_5d8971c2-6273-49d7-899a-2752945f1782_1)<br>| 109 |

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4 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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Key Terms

*These terms can help you understand details about your Contract.*

**Accumulation unit:** A measure of the value of each subaccount before annuity payouts begin.

**Annuitant:** The person or persons on whose life or life expectancy the annuity payouts are based.

**Annuity payouts:** An amount paid at regular intervals under one of several plans.

**Assumed investment rate:** The rate of return we assume your investments will earn when we calculate your initial annuity payout amount using the annuity table in your Contract. The standard assumed investment rate we use is 5% but you may request we substitute an assumed investment rate of 3.5%.

**Band 3 annuities:** RAVA Advantage Plus and RAVA Select Plus contracts that are available for:

• current or retired employees of Ameriprise Financial, Inc. or its subsidiaries and their spouses (employees),

• current or retired Ameriprise financial advisors and their spouses (advisors), or

• individuals investing an initial purchase payment of $1 million or more, with our approval (other individuals).

**Beneficiary:** The person you designate to receive benefits in case of your death while the Contract is in force.

**Close of business:** The time the New York Stock Exchange (NYSE) closes (4 p.m. Eastern time unless the NYSE closes earlier).

**Code:** The Internal Revenue Code of 1986, as amended.

**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 to which you may allocate purchase payments. 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.

**Good order:** We cannot process your transaction request relating to the Contract until we have received the request in good order at our Service Center. "Good

order" means the actual receipt of the requested transaction in writing, along with all information, forms and supporting legal documentation necessary to effect the transaction. To be in "good order", your instructions must be sufficiently clear so that we do not need to exercise any discretion to follow such instructions. This information and documentation generally includes your completed request; the Contract number; the transaction amount (in dollars); the names of and allocations to and/or from the subaccounts and the fixed account affected by the requested transaction; Social Security Number or Taxpayer Identification Number; and any other information, forms or supporting documentation that we may require. For certain transactions, at our option, we may require the signature of all Contract owners for the request to be in good order. With respect to purchase requests, "good order" also generally includes receipt of sufficient payment by us to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in good order, and we reserve the right to change or waive any good order requirements at any time.

**Guarantee Period:** The number of successive 12-month periods that a guaranteed interest rate is credited.

**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 of principal.

**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.

**Owner (you, your):** A natural person or persons identified in the contract as owner(s) of the contract, (including a revocable trust) who has or have the right to control the contract (to decide on investment allocations, transfers, payout options, etc.). Usually, but not always, the owner is also the annuitant. During the owner's life, the owner is responsible for taxes, regardless of whether he or she receives the contract's benefits. The owner or any joint owner may be a nonnatural person (e.g. irrevocable trust or corporation) or a revocable trust. If any owner is a nonnatural person or a revocable trust, the annuitant will be deemed to be the owner for contract provisions that are based on the age or life of the owner. When the contract is owned by a revocable trust, the annuitant selected should be the grantor of the trust to assure compliance with Section 72(s) of the Code.

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4 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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**Purchase payment credits:** An addition we make to your contract value. We base the amount of the credit on the surrender charge schedule you elect and/or total purchase payments.

**Qualified annuity:** A contract that you purchase to fund one of the following tax-deferred retirement plans that is subject to applicable federal law and any rules of the plan itself:

• Individual Retirement Annuities (IRAs) including inherited IRAs under Section 408(b) of the Code

• Roth IRAs including inherited Roth IRAs under Section 408A of the Code

• SIMPLE IRAs under Section 408(p) of the Code

• Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code

• Plans under Section 401(k) of the Code

• Custodial and investment only accounts maintained for qualified retirement plans under Section 401(a) of the Code

• Tax-Sheltered Annuities (TSAs) under Section 403(b) of the Code

A qualified annuity will not provide any necessary or additional tax deferral because it is used to fund a retirement plan that is already tax-deferred.

All other contracts are considered nonqualified annuities.

**Rider:** You receive a rider to your contract when you purchase the EEB, EEP, MAV, 5-Year MAV, ROPP, Accumulation Benefit and/or Withdrawal Benefit rider. The rider adds the terms of the optional benefit to your contract.

**Rider effective date:** The date a rider becomes effective as stated in the rider.

**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.

**Special Dollar-Cost Averaging (Special DCA) account**: An account to which you may allocate new purchase payments of at least $10,000. Amounts you allocate to this account earn interest at rates that we declare periodically and will transfer into your specified subaccount allocations in six monthly transfers. The Special DCA account may not be available at all times.

**Subaccount:** A division of the Variable Account, each of which invests in one Fund.

**Surrender value:** The amount you are entitled to receive if you make a full surrender from your Contract. It is the Contract value minus any applicable charges.

**Valuation date:** Any normal business day, Monday through Friday, on which the NYSE is open, up to the time it closes. At the NYSE close, the next valuation date begins. We calculate the accumulation unit value of each subaccount on each valuation date. If we receive your purchase payment or any transaction request (such as a transfer or surrender request) in good order at our Service Center before the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the valuation date we received your payment or transaction request. On the other hand, if we receive your purchase payment or transaction request in good order at our Service Center at or after the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the next valuation date. If you make a transaction request by telephone (including by fax), you must have completed your transaction by the close of business in order for us to process it using the accumulation unit value we calculate on that valuation date. If you were not able to complete your transaction before the close of business for any reason, including telephone service interruptions or delays due to high call volume, we will process your transaction using the accumulation unit value we calculate on the next valuation date.

**Variable Account:** 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.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 5

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Overview of the Contract

**Purpose:** The purpose of the contracts is to allow you to accumulate money for retirement or a similar long-term goal. You do this by making one or more purchase payments.

We no longer offer new contracts. However, you may have the option of making additional purchase payments in the future, subject to certain limitations. <br>The contracts offer various optional features and benefits that may help you achieve financial goals.

It may be appropriate for you if you have a long-term investment horizon and your financial goals are consistent with the terms and conditions of the contract.

It is not intended for investors whose liquidity needs require frequent withdrawals in excess of free amount. If you plan to manage your investment in the contract by frequent or short-term trading, the contract is not suitable for you.

**Phases of the Contract:** 

The contracts have two phases: the Accumulation Phase and the Income Phase.

**Accumulation Phase.** During the Accumulation Phase, you make purchase payments by investing in: available subaccounts, each of which has a particular investment objective, investment strategies, fees and expenses; the Fixed Account, the Special DCA Fixed Account and GPAs which earn interest at rates that we adjust periodically and declare when you make an allocation to that account. These accounts, in turn, may earn returns that increase the value of the contract. If the contract value goes to zero due to underlying fund's performance or deduction of fees, the contract will no longer be in force and the contract (including any death benefit riders) will terminate. You may be able to purchase an optional benefit to reduce the investment risk you assume under your contract.

**A list of investment options and additional information regarding each investment option available under the contract is provided in Appendix A – Investment Options Available Under the Contract.** 

If you have a Guaranteed Withdrawal Benefit rider, you can withdraw a guaranteed amount from the contract during the Accumulation Phase. The amount of money you accumulate under your contract depends (in part) on the performance of the Subaccounts you choose or the rates you earn on allocations to the regular Fixed Account, Special DCA Fixed Account and GPAs. The GPAs have guaranteed interest rates for guarantee periods we declare when you allocate purchase payments or transfer contract value to them. A positive or negative MVA is assessed if any portion of a Guarantee Period Account is surrendered or transferred more than thirty days before the end of its guarantee period. You could lose a significant amount of money as a result of a negative MVA. 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. You may transfer money between investment options during the Accumulation Phase, subject to certain restrictions. Your contract value impacts the value of your contract's benefits during the Accumulation Phase, including any optional benefits, as well as the amount available for withdrawal, annuitization and death benefits.

**Income Phase.** The Income Phase begins when you (or your beneficiary) choose to annuitize the contract. You can apply your contract value(less any applicable premium tax and/or other charges) to an annuity payout plan that begins on the settlement date or any other date you elect. You may choose from a variety of plans that can help meet your retirement or other income needs. We can make payouts on a fixed or variable basis, or both. You cannot take withdrawals of contract value or surrender the contract during the Income Phase.

All optional death and living benefits terminate after the settlement date unless you chose the RBA payout option under the Guaranteed Withdrawal Benefit rider on the scheduled settlement date.

**Contract features:** 

• **Contract Classes.** This prospectus describes two contracts. RAVA Advantage Plus offers a choice of a seven-year or a ten-year surrender charge schedule and relatively lower expenses. RAVA Select Plus offers a three-year surrender charge schedule and relatively higher expenses. The information in this prospectus applies to both contracts unless stated otherwise. Contracts provide for purchase payment credits which we may reverse under certain circumstances. Expenses may be higher and surrender charges may be higher and longer for contracts with purchase payment credits than for contracts without such credits. The amount of the credit may be more than offset by additional charges associated with the credit. (See "Buying Your Contract — Purchase Payment Credits").

• **Purchase Payment Credits.** The Contracts provide for purchase payment credits which we may reverse upon payment of a lump sum death benefit when the date of death is within 12 months of when the purchase payment credit was applied or upon a surrender payment subject to a surrender charge waiver due to Nursing Home Confinement within 12 months of when the purchase payment credit was applied or your settlement of the contract under an annuity payout plan. <br>

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6 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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<br>Expenses may be higher and surrender charges may be higher and longer for contracts with purchase payment credits than for contracts without such credits. The amount of the credit may be more than offset by additional charges associated with the credit. (See "Buying Your Contract — Purchase Payment Credits").

• **Death Benefits.** If you die during the Accumulation Phase, we will pay to your beneficiary or beneficiaries an amount at least equal to the contract value, except in the case of purchase payment credit reversal. The contract includes a standard death benefit at no additional charge. You may have elected one of the optional death benefits under the contract for an additional fee. Death benefits must be elected at the time that the contract is purchased. Each optional death benefit is designed to provide a greater amount payable upon death. After the death benefit is paid, the contract will terminate.

• **Optional Living Benefits.** You may have elected one of the optional living benefits under the contract for an additional fee. Guaranteed Withdrawal Benefit riders are designed to provide a guaranteed income stream that may last as long as you live, subject to you following the rules of the rider. Guaranteed Minimum Accumulation benefit is designed to provide a guaranteed contract value at the end of a specified Waiting Period.

• **Surrenders.** You may surrender all or part of your contract value at any time during the Accumulation Phase. If you request a full surrender, the contract will terminate. You also may establish automated partial surrenders. Surrenders may be subject to charges and income taxes (including an IRS penalty that may apply if you surrender prior to reaching age 59½) and may have other tax consequences. Early surrenders of contract value invested in a GPA are subject to an MVA and could result in a significant negative contract adjustment. Throughout this prospectus when we use the term "Surrender" it includes the term "Withdrawal".

• **Tax Treatment.** You can transfer money between subaccounts, the regular Fixed Account and GPAs without tax implications, and earnings (if any) on your investments are generally tax-deferred. Generally, earnings are not taxed until they are distributed, which may occur when making a withdrawal, upon receiving an annuity payment, or upon payment of the death benefit.

**Additional Services:** 

• **Dollar Cost Averaging Programs.** Automated Dollar Cost Averaging allows you, at no additional cost, to transfer a set amount monthly between subaccounts or from the fixed account to one or more eligible subaccounts. Special Dollar Cost Averaging (SDCA), only available for new purchase payments of at least $10,000, allows the systematic transfer from the Special DCA fixed account to one or more eligible subaccounts over a 6 month period.

• **Asset Rebalancing.** Allows you, at no additional cost, to automatically rebalance the subaccount portion of your contract value on a periodic basis.

• **Automated Partial Surrenders.** An optional service allowing you to set up automated partial surrenders from the GPAs,fixed account, Special DCA fixed account or the subaccounts.

• **Electronic Delivery.** You may register for the electronic delivery of your current prospectus and other documents related to your contract.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 7

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Important Information You Should Consider About the Contract

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| | | |
|:---|:---|:---|
|  | **FEES, EXPENSES, AND ADJUSTMENTS** | &nbsp;&nbsp; **Location in** <br> **Statutory** <br> **Prospectus**<br>|
| **Are There Charges** <br> **or Adjustments for** <br> **Early** <br> **Withdrawals?**<br>| &nbsp;&nbsp; **Yes.** Each Contract provides for different surrender charge periods and <br> percentages. In addition to the surrender charge, we may reverse a <br> purchase payment credit upon certain withdrawals within 12 months of <br> when the purchase payment credit was applied.<br> **RAVA Advantage Plus.** You may select either a seven-year or ten-year <br> surrender charge schedule at the time of application. If you select a <br> seven-year surrender charge schedule and you withdraw money during the <br> first 7 years from date of each purchase payment, you may be assessed a <br> surrender charge of up to 7% of the purchase payment withdrawn. If you <br> elect a ten-year surrender charge schedule and you withdraw money during <br> the first 10 years from date of each purchase payment, you may be <br> assessed a surrender charge of up to 8% of the purchase payment <br> withdrawn. For example, if you select a seven-year surrender charge <br> schedule and make an early withdrawal, you could pay a surrender charge <br> of up to $7,000 on a $100,000 investment. If you select a ten-year <br> surrender charge schedule and make an early withdrawal, you could pay a <br> surrender charge of up to $8,000 on a $100,000 investment. This loss will <br> be greater if there is a negative MVA, taxes, or tax penalties.<br> **RAVA Select Plus.** If you withdraw money during the first 3 years from the <br> contract date, you may be assessed a surrender charge of up to 7% of the <br> purchase payment withdrawn. For RAVA Select Plus contracts in Texas, if <br> you withdraw money during the first 3 years from the contract date, you <br> may be assessed a surrender charge of up to 8% of the purchase payment <br> withdrawn. For example, if you make a withdrawal in the first year, you <br> could pay a withdrawal charge of up to $7,000 on a $100,000 investment <br> ($8,000 on a $100,000 investment for RAVA Select Plus contracts in <br> Texas). This loss will be greater if there is a negative MVA, taxes, or tax <br> penalties.<br> **For each of the contracts above:** A positive or negative MVA is assessed if <br> any portion of a GPA is surrendered or transferred more than thirty days <br> before the end of its guarantee period. You could lose up to 100% of the <br> amount withdrawn from a GPA as a result of a negative MVA.<br> For example, if you allocate $100,000 to a GPA with a 3-year guarantee <br> period and later withdraw the entire amount before the 3 years have <br> ended, you could lose up to $100,000 of your investment. This loss will be <br> greater if you also have to pay a surrender charge, taxes, and tax <br> penalties.<br> The following transactions when applied to a GPA, which we refer to as <br> "early surrenders," are subject to an MVA when they occur more than <br> 30 days prior to the end of the guarantee period, unless an exception <br> applies: (i) surrenders (including full and partial surrenders, systematic <br> withdrawals, and required minimum distributions), (ii) transfers, and <br> (iii) annuitization. We will not apply a negative MVA to the payment of the <br> death benefit. An MVA may increase the death benefit but will not decrease <br> it.  | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Transaction** <br> **Expenses –** <br> **Surrender Charge**<br> **Charges and** <br> **Adjustments –** <br> **Adjustments –**<br> **Market Value** <br> **Adjustments**<br>|
| **Are There** <br> **Transaction** <br> **Charges?**<br>| &nbsp;&nbsp; **No.** Other than surrender charges and negative MVAs, we do not assess <br> any transaction charges. |  |

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8 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **FEES, EXPENSES, AND ADJUSTMENTS** | **FEES, EXPENSES, AND ADJUSTMENTS** | **FEES, EXPENSES, AND ADJUSTMENTS** | &nbsp;&nbsp; **Location in** <br> **Statutory** <br> **Prospectus**<br>|
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; **Yes.** The table below describes the current fees and expenses that you <br> may pay *each year*, depending on the investment options and optional <br> benefits you choose. Please refer to your Contract specifications page for <br> information about the specific fees you will pay each year based on the <br> options you have elected. | &nbsp;&nbsp; **Yes.** The table below describes the current fees and expenses that you <br> may pay *each year*, depending on the investment options and optional <br> benefits you choose. Please refer to your Contract specifications page for <br> information about the specific fees you will pay each year based on the <br> options you have elected. | &nbsp;&nbsp; **Yes.** The table below describes the current fees and expenses that you <br> may pay *each year*, depending on the investment options and optional <br> benefits you choose. Please refer to your Contract specifications page for <br> information about the specific fees you will pay each year based on the <br> options you have elected. | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | **Annual Fee** | **Minimum** | **Maximum** | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; Base Contract<sup>(1)</sup> <br>(varies by Contract and tax <br> qualification)<br>| 0.58% | 1.23% | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; Fund options<br> (Funds fees and expenses)<sup>(2)</sup><br>| 0.38% | 2.44% | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; Optional benefits available for an <br> additional charge<br> (for a single optional benefit, if <br> elected)<sup>(3)</sup><br>| 0.10% | 2.50% | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; (1) As a percentage of average daily contract value in the variable account. Includes the <br> Mortality and Expense Fee and contract administrative charge.<br> (2) As a percentage of Fund net assets.<br> (3) As a percentage of Contract Value. The Minimum is a percentage of average daily contract <br> value in the Variable Account. The Maximum is a percentage of the greater of Contract Value <br> or applicable guaranteed benefit amount (varies by optional benefit).<br> Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not <br> take withdrawals from the Contract, **which could add surrender charges** <br> **and negative MVAs that substantially increase costs**. | &nbsp;&nbsp; (1) As a percentage of average daily contract value in the variable account. Includes the <br> Mortality and Expense Fee and contract administrative charge.<br> (2) As a percentage of Fund net assets.<br> (3) As a percentage of Contract Value. The Minimum is a percentage of average daily contract <br> value in the Variable Account. The Maximum is a percentage of the greater of Contract Value <br> or applicable guaranteed benefit amount (varies by optional benefit).<br> Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not <br> take withdrawals from the Contract, **which could add surrender charges** <br> **and negative MVAs that substantially increase costs**. | &nbsp;&nbsp; (1) As a percentage of average daily contract value in the variable account. Includes the <br> Mortality and Expense Fee and contract administrative charge.<br> (2) As a percentage of Fund net assets.<br> (3) As a percentage of Contract Value. The Minimum is a percentage of average daily contract <br> value in the Variable Account. The Maximum is a percentage of the greater of Contract Value <br> or applicable guaranteed benefit amount (varies by optional benefit).<br> Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not <br> take withdrawals from the Contract, **which could add surrender charges** <br> **and negative MVAs that substantially increase costs**. | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; **Lowest Annual Cost:**<br> **$**1,440 <br>| &nbsp;&nbsp; **Highest Annual Cost:**<br> **$**4,155  | &nbsp;&nbsp; **Highest Annual Cost:**<br> **$**4,155  | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Least expensive combination of <br> Contract features and Fund fees <br> and expenses<br> •No optional benefits<br> •No sales charge<br> •No additional purchase payments, <br> transfers or withdrawals<br> •No purchase payment credits<br>| &nbsp;&nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Most expensive combination of <br> Contract features, optional <br> benefits and Fund fees and <br> expenses<br> •No sales charge<br> •No additional purchase payments, <br> transfers or withdrawals<br> •No purchase payment credits | &nbsp;&nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Most expensive combination of <br> Contract features, optional <br> benefits and Fund fees and <br> expenses<br> •No sales charge<br> •No additional purchase payments, <br> transfers or withdrawals<br> •No purchase payment credits | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
|  | **RISKS** | **RISKS** | **RISKS** |  |
| **Is There a Risk of** <br> **Loss from Poor** <br> **Performance?**<br>| &nbsp;&nbsp; **Yes.** You can lose money by investing in this Contract including loss of <br> principal. | &nbsp;&nbsp; **Yes.** You can lose money by investing in this Contract including loss of <br> principal. | &nbsp;&nbsp; **Yes.** You can lose money by investing in this Contract including loss of <br> principal. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract**<br>|

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 9

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| | | |
|:---|:---|:---|
|  | **RISKS** | &nbsp;&nbsp; **Location in** <br> **Statutory** <br> **Prospectus**<br>|
| **Is this a** <br> **Short-Term** <br> **Investment?**<br>| &nbsp;&nbsp;&nbsp; **No.**<br> •The Contract is not a short-term investment and is not appropriate for an <br> investor who needs ready access to cash.<br> •Contracts have surrender charges, which may reduce the value of your <br> Contract if you withdraw money during the surrender charge period. <br> Surrenders may also reduce or terminate contract guarantees.<br> •Surrenders may also be subject to taxes and tax penalties.<br> •Surrenders from a GPA prior to 30 days before the end of the guarantee <br> period may also result in a negative MVA. During the 30-day period <br> ending on the last day of the guarantee period, you may choose to start <br> a new guarantee period of the same length, transfer the contract value <br> from the current GPA to any of the investment options available under <br> the Contract, apply the contract value to an annuity payout plan, or <br> surrender the value from the current GPA(all subject to applicable <br> surrender, transfer, and annuitization provisions). If we do not receive <br> any instructions by the end of the guarantee period, we will automatically <br> transfer the contract value from the current GPA into the shortest GPA <br> term available.<br> •The benefits of tax deferral, long-term income, and optional living benefit <br> guarantees mean the contract is generally more beneficial to investors <br> with a long term investment horizon. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract**<br> **Charges and** <br> **Adjustments –** <br> **Transaction** <br> **Expenses –** <br> **Surrender Charge**<br> **Charges and** <br> **Adjustments –** <br> **Adjustments –**<br> **Market Value** <br> **Adjustments**<br>|
| **What Are the** <br> **Risks Associated** <br> **with the** <br> **Investment** <br> **Options?**<br>| &nbsp;&nbsp;&nbsp; •An investment in the Contract is subject to the risk of poor investment <br> performance and can vary depending on the performance of the <br> investment options available under the Contract.<br> •Each investment option (including under the GPAs and any Fixed Account <br> investment options) has its own unique risks.<br> •You should review the investment options before making any investment <br> decisions. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract**<br> **The Variable** <br> **Account and the** <br> **Funds**<br> **The "Nonunitized"** <br> **Separate Account** <br> **and Guarantee** <br> **Period Accounts** <br> **(GPAs)**<br> **The Fixed Account**<br>|
| **What Are the** <br> **Risks Related to** <br> **the Insurance** <br> **Company?**<br>| &nbsp;&nbsp; An investment in the Contract is subject to the risks related to us. Any <br> obligations (including under the Fixed Account) or guarantees and benefits <br> of the Contract that exceed the assets of the Separate Account are subject <br> to our claims-paying ability. If we experience financial distress, we may not <br> be able to meet our obligations to you. More information about RiverSource <br> Life, including our financial strength ratings, is available by contacting us at <br> 1-800-862-7919. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract**<br> **The General** <br> **Account**<br>|

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10 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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| | | |
|:---|:---|:---|
|  | **RESTRICTIONS** | &nbsp;&nbsp; **Location in** <br> **Statutory** <br> **Prospectus**<br>|
| **Are There** <br> **Restrictions on** <br> **the Investment** <br> **Options?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> •Subject to certain restrictions, you may transfer your contract value <br> among the subaccounts without charge at any time before the settlement <br> date, and once per contract year after the settlement date.<br> •Certain transfers out of the GPAs will be subject to an MVA.<br> •GPAs and the regular Fixed Account are subject to certain restrictions.<br> •We reserve the right to modify, restrict or suspend your transfer <br> privileges if we determine that your transfer activity constitutes market <br> timing.<br> •We reserve the right to add, remove or substitute Funds as investment <br> options. We also reserve the right, upon notification to you, to close or <br> restrict any Funds. | &nbsp;&nbsp; **Making the Most** <br> **of Your Contract–** <br> **Transferring** <br> **Among Accounts**<br> **Substitution of** <br> **Investments**<br>|
| **Are There any** <br> **Restrictions on** <br> **Contract** <br> **Benefits?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> •Certain optional benefits limit or restrict the investment options you may <br> select under the Contract. If you later decide you do not want to invest in <br> those approved investment options, you must request a full surrender.<br> •Certain optional benefits may limit subsequent purchase payments.<br> •Withdrawals in excess of the amount allowed under certain optional <br> benefits may substantially reduce the benefit or even terminate the <br> benefit. | &nbsp;&nbsp; **Buying Your** <br> **Contract–** <br> **Purchase** <br> **Payments**<br> **Appendix A:Funds** <br> **Available Under** <br> **the Optional** <br> **Benefits Offered** <br> **Under the** <br> **Contract**<br>|
|  | **TAXES** |  |
| **What Are the** <br> **Contract's Tax** <br> **Implications?**<br>| &nbsp;&nbsp;&nbsp; •Consult with a tax advisor to determine the tax implications of an <br> investment in and payments and withdrawals received under this <br> Contract.<br> •If you purchase the Contract through a tax-qualified plan or individual <br> retirement account, you do not get any additional tax benefit.<br> •Earnings under your contract are taxed at ordinary income tax rates <br> generally when withdrawn. You may have to pay a tax penalty if you take <br> a withdrawal before age 59½. | **Taxes** |
|  | **CONFLICTS OF INTEREST** |  |
| **How Are** <br> **Investment** <br> **Professionals** <br> **Compensated?**<br>| &nbsp;&nbsp; Your investment professional may receive compensation for selling this <br> Contract to you, in the form of commissions, additional cash benefits (e.g., <br> bonuses), and non-cash compensation. This financial incentive may <br> influence your investment professional to recommend this Contract over <br> another investment for which the investment professional is not <br> compensated or compensated less. | &nbsp;&nbsp; **About the Service** <br> **Providers**<br>|
| **Should I Exchange** <br> **My Contract?**<br>| &nbsp;&nbsp; If you already own an annuity or insurance Contract, some investment <br> professionals may have a financial incentive to offer you a new Contract in <br> place of the one you own. You should only exchange a Contract you already <br> own if you determine, after comparing the features, fees, and risks of both <br> Contracts, that it is better for you to purchase the new Contract rather than <br> continue to own your existing Contract. | &nbsp;&nbsp; **Buying Your** <br> **Contract–Contract** <br> **Exchanges**<br>|

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 11

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Fee Table and Examples

**The following tables describe the fees, expenses and adjustments that you will pay when buying, owning, surrendering, or making withdrawals from an investment option or from the Contract. 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.** 

**The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender or make withdrawals from the Contract. State premium taxes also may be deducted.**

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**Transaction Expenses**

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**<u>Surrender Charges</u>** 

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| | | | | |
|:---|:---|:---|:---|:---|
| **Surrender charges** (as a percentage of purchase <br> payments surrendered)<sup>(1)</sup> <br>| **RAVA Advantage Plus**<br> **ten-year schedule**<br>| **RAVA Advantage Plus**<br> **seven-year schedule**<br>| **RAVA Select Plus** | **RAVA Select Plus Texas** |
| Maximum | &nbsp;&nbsp;&nbsp; 8<br> %<br>| &nbsp;&nbsp;&nbsp; 7<br> %<br>| &nbsp;&nbsp;&nbsp; 7<br> %<br>| &nbsp;&nbsp;&nbsp; 8<br> %<br>|

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of completed years from**<br> **date of each purchase payment**<br>| **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7** | **8** | **9** | **10** |
| RAVA Advantage Plus<br> ten-year schedule\*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; 4% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; 2% | &nbsp;&nbsp;&nbsp;&nbsp; 0% |
| RAVA Advantage Plus<br> seven-year schedule<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; 4% | &nbsp;&nbsp;&nbsp;&nbsp; 2% | &nbsp;&nbsp;&nbsp;&nbsp; 0% |  |  |  |
| **Years from Contract Date** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **1** | &nbsp;&nbsp;&nbsp;&nbsp; **2** | &nbsp;&nbsp;&nbsp;&nbsp; **3** | T**hereafter** | T**hereafter** | T**hereafter** | T**hereafter** | T**hereafter** | T**hereafter** | T**hereafter** | T**hereafter** |
| RAVA Select Plus (except Texas) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 0% |  |  |  |  |  |  |  |

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**Surrender charge for RAVA Select Plus in Texas \*\*\*** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Surrender charge percentage**<br> **(as a percentage of purchase payments surrendered)**<br> **in contract year** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Surrender charge percentage**<br> **(as a percentage of purchase payments surrendered)**<br> **in contract year** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Surrender charge percentage**<br> **(as a percentage of purchase payments surrendered)**<br> **in contract year** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Surrender charge percentage**<br> **(as a percentage of purchase payments surrendered)**<br> **in contract year** |
| **Payments made in contract year\*\*\*** | **1** | **2** | **3** | **Thereafter** |
| 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0<br> %<br>|
| 2 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 |
| 3 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 |
| Thereafter |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 |

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\*

The ten-year surrender charge schedule is not available for contracts issued in Oregon. In Connecticut and Utah, the ten-year surrender charge schedule is 8% for years 0-2, 7% for year 3 and declining by 1% each year thereafter until it is 0% for years 10+. For contracts issued in Alabama, Massachusetts, Oregon and Washington, surrender charges are waived after the tenth contract anniversary for all payments regardless of when payments are made.

\*\*

According to our current administrative practice, for the purpose of surrender charge calculation, we consider that the year is completed fourteen days prior to the anniversary of the day each purchase payment was received.

\*\*\*

According to our current administrative practice, for the purpose of surrender charge calculation, we consider that the year is completed one day prior to the contract anniversary.

**The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of contract value is removed from an investment option before the expiration of a specified period.**

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**Adjustments**

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| | |
|:---|:---|
| **MVA Maximum Potential Loss** (as a percentage of amount withdrawn from a GPA)<sup>(1)</sup> | 100% |

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<sup>(1)</sup>

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.

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12 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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**The next table describes the fees and expenses that you will pay *each year* during the time that you own the contract (not including Funds fees and expenses). If you choose to purchase an optional benefit, you will pay additional charges, as shown below.**

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**Annual Contract Expenses**

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**<u>Administrative Expenses</u>** 

(assessed annually and upon full surrender)

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| | | |
|:---|:---|:---|
| **Annual contract administrative charge** | **Maximum:** $50 | **Current:** $50\* |

---

(We will waive this $50 charge when your contract value, or total purchase payments less any payments surrendered, is $50,000 or more on the current contract anniversary, except at full surrender.)

\*Prior to May 4, 2020, the annual contract administrative charge was $30.

**<u>Base Contract Expenses</u>** 

(as a percentage of average daily contract value in the variable account)

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| | |
|:---|:---|
| **RAVA Advantage Plus**<br> for nonqualified annuities<br>| **Current/Maximum:** 0.95%  |
| **RAVA Advantage Plus**<br> for qualified annuities<br>| **Current/Maximum:** 0.75% |
| **RAVA Select Plus**<br> for nonqualified annuities<br>| **Current/Maximum:** 1.20%  |
| **RAVA Select Plus**<br> for qualified annuities<br>| **Current/Maximum:** 1.00% |
| **RAVA Advantage Plus Band 3** | **Current/Maximum:** 0.55% |
| **RAVA Select Plus Band 3** | **Current/Maximum:** 0.75% |

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**<u>Optional Benefit Expenses</u>** 

**Optional Death Benefits** 

(As a percentage of contract value charged annually at the contract anniversary. The fee applies only if you elect the optional rider.) You may select one of the following optional death benefit riders for an additional fee.

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| | | |
|:---|:---|:---|
| **ROPP rider fee** | **Maximum:** 0.30% | **Current:** 0.20% |
| **MAV rider fee** | **Maximum:** 0.35% | **Current:** 0.25% |
| **5-Year MAV rider fee** | **Maximum:** 0.20% | **Current:** 0.10% |
| **EEB rider fee** | **Maximum:** 0.40% | **Current:** 0.30% |
| **EEP rider fee** | **Maximum:** 0.50% | **Current:** 0.40% |
| **PN rider fee**<sup>(1)</sup> | **Maximum:** 0.00% | **Current:** 0.00% |

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<sup>(1)</sup>

Effective May 10, 2010, the PN rider is not required to select funds of funds in the PN program and this fee does not apply. Prior to May 10, 2010, the PN rider fee was 0.10% and the maximum fee was 0.20%

If you choose one of the above optional death benefits, we will add the rider fee to your mortality and expense risk fee.

**Optional Living Benefits** 

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| | | |
|:---|:---|:---|
| **Accumulation Benefit rider fee** | **Maximum** <br> **annual rider fee**<br>| **Initial annual rider fee** <br> **and annual rider fee for**<br> **elective step-ups before**<br> **10/20/12**<br>|
|  | 2.50% | 0.60% |

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Current annual rider fees for elective step-up (including elective spousal continuation step-up) requests on/after 10/20/2012 are shown in the table below.

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| | | |
|:---|:---|:---|
| **Elective step up date:** | **If invested in Portfolio Navigator fund** <br> **at the time of step-up:**<br>| **If invested in Portfolio Stabilizer fund** <br> **at the time of step-up:**<br>|
| 10/20/2012 – 11/17/2013 | 1.75% | N/A |
| 11/18/2013 – 10/17/2014 | 1.75% | 1.30% |
| 10/18/2014 – 06/30/2016 | 1.60% | 1.00% |
| 07/01/2016 – 10/15/2018 | 1.75% | 1.30% |
| 10/16/2018 – 12/29/2019 | 1.40% | 1.00% |
| 12/30/2019 – 07/20/2020 | 1.55% | 1.15% |

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 13

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| | | |
|:---|:---|:---|
| **Elective step up date:** | **If invested in Portfolio Navigator fund** <br> **at the time of step-up:**<br>| **If invested in Portfolio Stabilizer fund** <br> **at the time of step-up:**<br>|
| 07/21/2020 and later | 2.50% | 2.25% |

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(Charged annually as a percentage of contract value or the minimum contract accumulation value, whichever is greater. The fee applies only if you elect the optional rider.)

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| | | |
|:---|:---|:---|
| **Withdrawal Benefit rider fee** | **Maximum:** 2.50% | **Initial:** 0.60%<sup>(2)</sup> <br>|

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(As a percentage of contract value charged annually at the contract anniversary. The fee applies only if you elect the optional rider.)

<sup>(2)</sup>

Effective Dec. 18, 2013 if you request an elective step-up or the elective spousal continuation step-up or move to a Portfolio Navigator fund that is more aggressive than the Portfolio Navigator fund you are currently allocated to, the fee that will apply to your rider will correspond to the fund you are currently invested in as shown in the table below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| **Fund name** | **Maximum**<br> **annual**<br> **rider fee**<br>| **Current annual rider fee**<br> **as of 12/18/13**<br>|
| **Portfolio Stabilizer funds** | 2.50<br> %<br>| 0.60<br> %<br>|
| **Portfolio Navigator funds:** |  |  |
| Variable Portfolio – Conservative Portfolio (Class 2), (Class 4) | 2.50<br> %<br>| 0.60<br> %<br>|
| Variable Portfolio – Moderately Conservative Portfolio (Class 2), (Class 4) | 2.50<br> %<br>| 0.60<br> %<br>|
| Variable Portfolio – Moderate Portfolio (Class 2), (Class 4) | 2.50<br> %<br>| 0.60<br> %<br>|
| Variable Portfolio – Moderately Aggressive Portfolio (Class 2), (Class 4) | 2.50<br> %<br>| 0.90<br> %<br>|
| Variable Portfolio – Aggressive Portfolio (Class 2), (Class 4) | 2.50<br> %<br>| 1.05<br> %<br>|

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**The next table shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the contract. Expenses shown may change over time and may be higher or lower in the future. Expenses shown may change over time and may be higher or lower in the future. A complete list of investment options available under the contract, including their annual expenses, may be found in the Appendix A.**

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**Annual Fund Expenses**<sup>(1)</sup>

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| | | |
|:---|:---|:---|
| **Total Annual Fund Expenses** | **Minimum(%)** | **Maximum(%)** |
| (expenses deducted from the Fund assets, including management fees, distribution and/or service <br> (12b-1) fees and other expenses)<br>| 0.38 | 2.44 |

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<sup>(1)</sup>

Total annual Fund operating expenses are deducted from amounts that are allocated to the Fund. They include management fees and other expenses and may include distribution (12b-1) fees. Other expenses may include service fees that may be used to compensate service providers, including us and our affiliates, for administrative and contractowner services provided on behalf of the Fund. The amount of these payments will vary by Fund and may be significant. See "The Variable Account and the Funds" for additional information, including potential conflicts of interest these payments may create. Distribution (12b-1) fees are used to finance any activity that is primarily intended to result in the sale of Fund shares. Because 12b-1 fees are paid out of Fund assets on an ongoing basis, you may pay more if you select Subaccounts investing in Funds that have adopted 12b-1 plans than if you select Subaccounts investing in Funds that have not adopted 12b-1 plans. For a more complete description of each Fund's fees and expenses and important disclosure regarding payments the Fund and/or its affiliates make, please review the Fund's prospectus and SAI.

**Examples** 

**These examples are intended to help you compare the cost of investing in these contracts**. **These costs include Transaction Expenses, Annual Contract Expenses, and Annual Fund expenses.** 

**The examples assume all contract value is allocated to the subaccounts. The examples do not reflect the MVA that only applies to GPAs. Your costs could differ from those shown below if you invest in the GPAs or fixed account investment options.** 

**These examples assume that you invest $100,000 in the contract for the time periods indicated. These examples also assume that your investment has a 5% return each year. The "Maximum" example further assumes the most expensive combination of Annual Contract Expenses reflecting the maximum charges, Annual Fund Expenses\* and optional benefits available. The "Minimum" example further assumes the least expensive combination of Annual Contract Expenses reflecting the current charges, Annual Fund Expenses and that no optional benefits are selected. Although your actual costs may be higher or lower, based on these assumptions your maximum and minimum costs would be:**

**Maximum Expenses.** These examples assume that you select the optional MAV death benefit, EEP and Withdrawal Benefit . Although your actual costs may be higher or lower, based on these assumptions your costs would be:

\*

Note: Certain Funds are not available for contracts with living benefit riders and may have higher fund expenses than the rider fee and associated fund expenses shown here.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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14 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** |
| | **1 year** | **3 years** | **5 years** | **10 years** | **1 year** | **3 years** | **5 years** | **10 years** |
| <br>**Nonqualified Annuity**<br>**RAVA Advantage Plus** |  |  |  |  |  |  |  |  |
| With a ten-year surrender charge schedule | &nbsp;&nbsp;&nbsp; $12482 | &nbsp;&nbsp;&nbsp; $22011 | &nbsp;&nbsp;&nbsp; $31492 | &nbsp;&nbsp;&nbsp; $51823 | &nbsp;&nbsp;&nbsp;&nbsp; $5232 | &nbsp;&nbsp;&nbsp; $15658 | &nbsp;&nbsp;&nbsp; $26037 | &nbsp;&nbsp;&nbsp; $51773 |
| With a seven-year surrender charge <br> schedule<br>| &nbsp;&nbsp;&nbsp; 11582 | &nbsp;&nbsp;&nbsp; 21111 | &nbsp;&nbsp;&nbsp; 29690 | &nbsp;&nbsp;&nbsp; 51823 | &nbsp;&nbsp;&nbsp;&nbsp; 5232 | &nbsp;&nbsp;&nbsp; 15658 | &nbsp;&nbsp;&nbsp; 26037 | &nbsp;&nbsp;&nbsp; 51773 |
| **RAVA Select Plus** | &nbsp;&nbsp;&nbsp; 11830 | &nbsp;&nbsp;&nbsp; 16411 | &nbsp;&nbsp;&nbsp; 27187 | &nbsp;&nbsp;&nbsp; 53771 | &nbsp;&nbsp;&nbsp;&nbsp; 5480 | &nbsp;&nbsp;&nbsp; 16361 | &nbsp;&nbsp;&nbsp; 27137 | &nbsp;&nbsp;&nbsp; 53721 |
| **RAVA Select Plus – Texas** | &nbsp;&nbsp;&nbsp; 11830 | &nbsp;&nbsp;&nbsp; 16411 | &nbsp;&nbsp;&nbsp; 27187 | &nbsp;&nbsp;&nbsp; 53771 | &nbsp;&nbsp;&nbsp;&nbsp; 5480 | &nbsp;&nbsp;&nbsp; 16361 | &nbsp;&nbsp;&nbsp; 27137 | &nbsp;&nbsp;&nbsp; 53721 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** |
| | **1 year** | **3 years** | **5 years** | **10 years** | **1 year** | **3 years** | **5 years** | **10 years** |
| <br>**Qualified Annuity**<br>**RAVA Advantage Plus** |  |  |  |  |  |  |  |  |
| With a ten-year surrender charge schedule | &nbsp;&nbsp;&nbsp; $12283 | &nbsp;&nbsp;&nbsp; $21444 | &nbsp;&nbsp;&nbsp; $30599 | &nbsp;&nbsp;&nbsp; $50304 | &nbsp;&nbsp;&nbsp;&nbsp; $5033 | &nbsp;&nbsp;&nbsp; $15094 | &nbsp;&nbsp;&nbsp; $25148 | &nbsp;&nbsp;&nbsp; $50254 |
| With a seven-year surrender charge <br> schedule<br>| &nbsp;&nbsp;&nbsp; 11383 | &nbsp;&nbsp;&nbsp; 20544 | &nbsp;&nbsp;&nbsp; 28798 | &nbsp;&nbsp;&nbsp; 50304 | &nbsp;&nbsp;&nbsp;&nbsp; 5033 | &nbsp;&nbsp;&nbsp; 15094 | &nbsp;&nbsp;&nbsp; 25148 | &nbsp;&nbsp;&nbsp; 50254 |
| **RAVA Select Plus** | &nbsp;&nbsp;&nbsp; 11631 | &nbsp;&nbsp;&nbsp; 15849 | &nbsp;&nbsp;&nbsp; 26308 | &nbsp;&nbsp;&nbsp; 52199 | &nbsp;&nbsp;&nbsp;&nbsp; 5281 | &nbsp;&nbsp;&nbsp; 15799 | &nbsp;&nbsp;&nbsp; 26258 | &nbsp;&nbsp;&nbsp; 52149 |
| **RAVA Select Plus – Texas** | &nbsp;&nbsp;&nbsp; 11631 | &nbsp;&nbsp;&nbsp; 15849 | &nbsp;&nbsp;&nbsp; 26308 | &nbsp;&nbsp;&nbsp; 52199 | &nbsp;&nbsp;&nbsp;&nbsp; 5281 | &nbsp;&nbsp;&nbsp; 15799 | &nbsp;&nbsp;&nbsp; 26258 | &nbsp;&nbsp;&nbsp; 52149 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** |
| | **1 year** | **3 years** | **5 years** | **10 years** | **1 year** | **3 years** | **5 years** | **10 years** |
| <br>**Band 3 Annuity**<br>**RAVA Advantage Plus – Band 3** |  |  |  |  |  |  |  |  |
| With a ten-year surrender charge schedule | &nbsp;&nbsp;&nbsp; $12093 | &nbsp;&nbsp;&nbsp; $20906 | &nbsp;&nbsp;&nbsp; $29744 | &nbsp;&nbsp;&nbsp; $48754 | &nbsp;&nbsp;&nbsp;&nbsp; $4834 | &nbsp;&nbsp;&nbsp; $14527 | &nbsp;&nbsp;&nbsp; $24251 | &nbsp;&nbsp;&nbsp; $48704 |
| With a seven-year surrender charge <br> schedule<br>| &nbsp;&nbsp;&nbsp; 11192 | &nbsp;&nbsp;&nbsp; 20002 | &nbsp;&nbsp;&nbsp; 27930 | &nbsp;&nbsp;&nbsp; 48754 | &nbsp;&nbsp;&nbsp;&nbsp; 4834 | &nbsp;&nbsp;&nbsp; 14527 | &nbsp;&nbsp;&nbsp; 24251 | &nbsp;&nbsp;&nbsp; 48704 |
| **RAVA Select Plus – Band 3** | &nbsp;&nbsp;&nbsp; 11383 | &nbsp;&nbsp;&nbsp; 15144 | &nbsp;&nbsp;&nbsp; 25198 | &nbsp;&nbsp;&nbsp; 50304 | &nbsp;&nbsp;&nbsp;&nbsp; 5033 | &nbsp;&nbsp;&nbsp; 15094 | &nbsp;&nbsp;&nbsp; 25148 | &nbsp;&nbsp;&nbsp; 50254 |
| **RAVA Select Plus – Texas – Band 3** | &nbsp;&nbsp;&nbsp; 11383 | &nbsp;&nbsp;&nbsp; 15144 | &nbsp;&nbsp;&nbsp; 25198 | &nbsp;&nbsp;&nbsp; 50304 | &nbsp;&nbsp;&nbsp;&nbsp; 5033 | &nbsp;&nbsp;&nbsp; 15094 | &nbsp;&nbsp;&nbsp; 25148 | &nbsp;&nbsp;&nbsp; 50254 |

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**Minimum Expenses.** These examples assume that you have the Standard Death Benefit and do not select any optional benefits. Although your actual costs may be higher, based on these assumptions your costs would be:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** |
| | **1 year** | **3 years** | **5 years** | **10 years** | **1 year** | **3 years** | **5 years** | **10 years** |
| <br>**Nonqualified Annuity**<br>**RAVA Advantage Plus** |  |  |  |  |  |  |  |  |
| With a ten-year surrender charge schedule | &nbsp;&nbsp;&nbsp; $8900 | &nbsp;&nbsp;&nbsp; $11290 | &nbsp;&nbsp;&nbsp; $13380 | &nbsp;&nbsp;&nbsp; $16144 | &nbsp;&nbsp;&nbsp;&nbsp; $1363 | &nbsp;&nbsp;&nbsp; $4240 | &nbsp;&nbsp;&nbsp; $7330 | &nbsp;&nbsp;&nbsp; $16094 |
| With a seven-year surrender charge schedule | &nbsp;&nbsp;&nbsp; 7964 | &nbsp;&nbsp;&nbsp; 10290 | &nbsp;&nbsp;&nbsp; 11380 | &nbsp;&nbsp;&nbsp; 16144 | &nbsp;&nbsp;&nbsp;&nbsp; 1363 | &nbsp;&nbsp;&nbsp; 4240 | &nbsp;&nbsp;&nbsp; 7330 | &nbsp;&nbsp;&nbsp; 16094 |
| **RAVA Select Plus** | &nbsp;&nbsp;&nbsp; 8203 | &nbsp;&nbsp;&nbsp; 5075 | &nbsp;&nbsp;&nbsp; 8714 | &nbsp;&nbsp;&nbsp; 18944 | &nbsp;&nbsp;&nbsp;&nbsp; 1620 | &nbsp;&nbsp;&nbsp; 5025 | &nbsp;&nbsp;&nbsp; 8664 | &nbsp;&nbsp;&nbsp; 18894 |
| **RAVA Select Plus – Texas** | &nbsp;&nbsp;&nbsp; 8203 | &nbsp;&nbsp;&nbsp; 5075 | &nbsp;&nbsp;&nbsp; 8714 | &nbsp;&nbsp;&nbsp; 18944 | &nbsp;&nbsp;&nbsp;&nbsp; 1620 | &nbsp;&nbsp;&nbsp; 5025 | &nbsp;&nbsp;&nbsp; 8664 | &nbsp;&nbsp;&nbsp; 18894 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** |
| | **1 year** | **3 years** | **5 years** | **10 years** | **1 year** | **3 years** | **5 years** | **10 years** |
| <br>**Qualified Annuity**<br>**RAVA Advantage Plus** |  |  |  |  |  |  |  |  |
| With a ten-year surrender charge schedule | &nbsp;&nbsp;&nbsp; $8712 | &nbsp;&nbsp;&nbsp; $10660 | &nbsp;&nbsp;&nbsp; $12304 | &nbsp;&nbsp;&nbsp; $13854 | &nbsp;&nbsp;&nbsp;&nbsp; $1158 | &nbsp;&nbsp;&nbsp; $3610 | &nbsp;&nbsp;&nbsp; $6254 | &nbsp;&nbsp;&nbsp; $13804 |
| With a seven-year surrender charge schedule | &nbsp;&nbsp;&nbsp; 7774 | &nbsp;&nbsp;&nbsp; 9660 | &nbsp;&nbsp;&nbsp; 10304 | &nbsp;&nbsp;&nbsp; 13854 | &nbsp;&nbsp;&nbsp;&nbsp; 1158 | &nbsp;&nbsp;&nbsp; 3610 | &nbsp;&nbsp;&nbsp; 6254 | &nbsp;&nbsp;&nbsp; 13804 |
| **RAVA Select Plus** | &nbsp;&nbsp;&nbsp; 8012 | &nbsp;&nbsp;&nbsp; 4447 | &nbsp;&nbsp;&nbsp; 7648 | &nbsp;&nbsp;&nbsp; 16710 | &nbsp;&nbsp;&nbsp;&nbsp; 1415 | &nbsp;&nbsp;&nbsp; 4397 | &nbsp;&nbsp;&nbsp; 7598 | &nbsp;&nbsp;&nbsp; 16660 |
| **RAVA Select Plus – Texas** | &nbsp;&nbsp;&nbsp; 8012 | &nbsp;&nbsp;&nbsp; 4447 | &nbsp;&nbsp;&nbsp; 7648 | &nbsp;&nbsp;&nbsp; 16710 | &nbsp;&nbsp;&nbsp;&nbsp; 1415 | &nbsp;&nbsp;&nbsp; 4397 | &nbsp;&nbsp;&nbsp; 7598 | &nbsp;&nbsp;&nbsp; 16660 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 15

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---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** |
| | **1 year** | **3 years** | **5 years** | **10 years** | **1 year** | **3 years** | **5 years** | **10 years** |
| <br>**Band 3 Annuity**<br>**RAVA Advantage Plus – Band 3** |  |  |  |  |  |  |  |  |
| With a ten-year surrender charge schedule | &nbsp;&nbsp;&nbsp; $8523 | &nbsp;&nbsp;&nbsp; $10027 | &nbsp;&nbsp;&nbsp; $11218 | &nbsp;&nbsp;&nbsp; $11520 | &nbsp;&nbsp;&nbsp;&nbsp; $953 | &nbsp;&nbsp;&nbsp; $2977 | &nbsp;&nbsp;&nbsp; $5168 | &nbsp;&nbsp;&nbsp; $11470 |
| With a seven-year surrender charge schedule | &nbsp;&nbsp;&nbsp; 7583 | &nbsp;&nbsp;&nbsp; 9027 | &nbsp;&nbsp;&nbsp; 9218 | &nbsp;&nbsp;&nbsp; 11520 | &nbsp;&nbsp;&nbsp;&nbsp; 953 | &nbsp;&nbsp;&nbsp; 2977 | &nbsp;&nbsp;&nbsp; 5168 | &nbsp;&nbsp;&nbsp; 11470 |
| **RAVA Select Plus – Band 3** | &nbsp;&nbsp;&nbsp; 7774 | &nbsp;&nbsp;&nbsp; 3660 | &nbsp;&nbsp;&nbsp; 6304 | &nbsp;&nbsp;&nbsp; 13854 | &nbsp;&nbsp;&nbsp;&nbsp; 1158 | &nbsp;&nbsp;&nbsp; 3610 | &nbsp;&nbsp;&nbsp; 6254 | &nbsp;&nbsp;&nbsp; 13804 |
| **RAVA Select Plus – Texas – Band 3** | &nbsp;&nbsp;&nbsp; 7774 | &nbsp;&nbsp;&nbsp; 3660 | &nbsp;&nbsp;&nbsp; 6304 | &nbsp;&nbsp;&nbsp; 13854 | &nbsp;&nbsp;&nbsp;&nbsp; 1158 | &nbsp;&nbsp;&nbsp; 3610 | &nbsp;&nbsp;&nbsp; 6254 | &nbsp;&nbsp;&nbsp; 13804 |

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THE EXAMPLES ARE ILLUSTRATIVE ONLY. YOU SHOULD NOT CONSIDER THESE EXAMPLES AS A REPRESENTATION OF PAST OR FUTURE EXPENSES. ACTUAL EXPENSES WILL BE HIGHER OR LOWER THAN THOSE SHOWN DEPENDING UPON WHICH OPTIONAL BENEFIT YOU ELECT OTHER THAN INDICATED IN THE EXAMPLES OR IF YOU ALLOCATE CONTRACT VALUE TO ANY OTHER AVAILABLE SUBACCOUNTS.

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16 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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Principal Risks of Investing in the Contract

**Risk of Loss.** Variable annuities involve risks, including possible loss of principal. Your losses could be significant. This contract is not a deposit or obligation of, or guaranteed or endorsed by, any bank. This contract is not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency.

**Short-Term Investment Risk.** This contract is not designed for short-term investing and may not be appropriate for an investor who needs ready access to cash. The benefits of tax deferral and long-term income mean that this contract is more beneficial to investors with a long-term investment horizon.

**Withdrawal Risk.** You should carefully consider the risks associated with withdrawals under the contract. Withdrawals may be subject to a significant surrender charge, depending on the option you select. If you make a withdrawal prior to age 59½, there may be adverse tax consequences, including a 10% IRS penalty tax. A positive or negative MVA is assessed if any portion of a Guarantee Period Account is surrendered or transferred more than thirty days before the end of its guarantee period. You could lose up to 100% of your investment in a GPA as a result of a negative MVA. A withdrawal may reduce the value of your standard and optional benefits. A total withdrawal (surrender) will result in the termination of your contract.

**Subaccount Risk.** Amounts that you invest in the subaccounts are subject to the risk of poor investment performance. You assume the investment risk. Generally, if the subaccounts that you select make money, your contract value goes up, and if they lose money, your contract value goes down. Each subaccount's performance depends on the performance of its underlying Fund. Each underlying Fund has its own investment risks, and you are exposed to the Fund's investment risks when you invest in a subaccount. You are responsible for selecting subaccounts that are appropriate for you based on your own individual circumstances, investment goals, financial situation, and risk tolerance. For risks associated with any Fixed Account options, see Financial Strength and Claims-Paying Ability Risk below.

**GPA Risk.** Each GPA pays an interest rate declared by us when you make an allocation to that account and is fixed for the guarantee period you choose. We will periodically change the declared interest rate for future allocations to these accounts at our discretion based, in part, on various factors including, but not limited to, the interest rate environment, returns earned on investments backing these annuities, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition, and RiverSource Life's revenues and expenses.

We guarantee the contract value allocated to the GPAs, including interest credited, if you do not make any transfers or surrenders from the GPA prior to 30 days before the end of the guarantee period. At all other times, and unless an exception applies, we will apply a MVA if you surrender or transfer contract value from a GPA or you elect an annuity payout plan while you have contract value invested in a GPA. The MVA may be negative, positive or result in no change depending on how the guaranteed interest rate on your GPA compares to the new interest rate of a new GPA for the same number of years as the guarantee period remaining on your GPA. You bear the risk of loss of principal due to a negative MVA. Partial surrenders will reduce certain death benefits proportionally based on the percentage of contract value that is withdrawn and if you request a partial surrender from the GPAs that will give you the net amount you requested after we apply any applicable MVA and surrender charge, a negative MVA will increase the impact of the partial surrender on the value of the death benefit.

**Selection Risk.** The optional benefits under the contract were designed for different financial goals and to protect against different financial risks. There is a risk that you may not choose, or may not have chosen, the benefit or benefits (if any) that are best suited for you based on your present or future needs and circumstances, and the benefits that are more suited for you (if any) may not be elected after your contract is issued. In addition, if you elected an optional benefit and do not use it and if the contingencies upon which the benefit depend never occur, you will have paid for an optional benefit that did not provide a financial benefit. There is also a risk that any financial return of an optional benefit, if any, will ultimately be less than the amount you paid for the benefit.

**Investment Restrictions Risk.** Certain optional benefits limit the investment options that are available to you and limit your ability to take certain actions under the contract. These investment requirements are designed to reduce our risk that we will have to make payments to you from our own assets. In turn, they may also limit the potential growth of your contract value and the potential growth of your guaranteed benefits. This may conflict with your personal investment objectives.

**Managed Volatility Fund Risk.** The Portfolio Stabilizer funds are managed volatility funds that employ a strategy designed to reduce overall volatility and downside risk. These risk management techniques help us manage our financial risks associated with the contract's guarantees, like living and death benefits, because they reduce the incidence of extreme outcomes including the probability of large gains or losses. However, these strategies can also limit your participation in rising equity markets, which may limit the potential growth of your contract value and the potential growth of your guaranteed benefits and may therefore conflict with your personal investment objectives. Certain Funds advised by our affiliate, Columbia Management, employ such risk management strategies. If you elect certain optional

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 17

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benefits under the contract, we require you to invest in these funds, which may limit your ability to increase your benefit. Costs associated with running a managed volatility strategy may also adversely impact the performance of managed volatility funds.

**Purchase Payment Risk.** Your ability to make subsequent purchase payments is subject to restrictions. We reserve the right to limit or restrict purchase payments in certain contract years or based on age, and in conjunction with certain optional living benefit riders with advance notice. Also, our prior approval may be required before accepting certain purchase payments. We reserve the right to limit certain annuity features (for example, investment options) if prior approval is required. There is no guarantee that you will always be permitted to make purchase payments.

**Purchase Payment Credit Risk.** The expenses of the Contract may be higher than expenses for a similar contract that does not credit a Purchase payment credit. Your Purchase payment credits may be more than offset by the higher expenses associated with this Contract. A Purchase payment credit may be reversed upon payment of a lump sum death benefit when the date of death is within 12 months of when the purchase payment credit was applied or upon a surrender payment subject to a surrender charge waiver due to Nursing Home Confinement within 12 months of when the purchase payment credit was applied

**Contract Changes Risk.** We reserve the right to make certain changes in the future, subject to applicable law. We reserve the right to (i) limit transfers to the regular fixed account or (ii) change the percentage allowed to be transferred from the regular fixed account. During the annuity payout period, we reserve the right to limit the number of subaccounts in which you may invest. We reserve the right to add, remove or substitute approved investment options at any time and in our sole discretion. We reserve the right to close or restrict approved investment options in our sole discretion. For certain optional living benefits, we also reserve the right to add, remove or modify allocation plans and requirements in our sole discretion.

**Financial Strength and Claims-Paying Ability Risk.** All guarantees under the contract that are paid from our general account (including under any Fixed Account option) are subject to our financial strength and claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you.

**Cybersecurity Risk.** Increasingly, businesses are dependent on the continuity, security, and effective operation of various technology systems. The nature of our business depends on the continued effective operation of our systems and those of our business partners.

This dependence makes us susceptible to operational and information security risks from cyber-attacks. These risks may include the following:

• the corruption or destruction of data;

• theft, misuse or dissemination of data to the public, including your information we hold; and

• denial of service attacks on our website or other forms of attacks on our systems and the software and hardware we use to run them.

These attacks and their consequences can negatively impact your contract, your privacy, your ability to conduct transactions on your contract, or your ability to receive timely service from us. The risk of cyberattacks may be higher during periods of geopolitical turmoil. There can be no assurance that we, the underlying funds in your contract, or our other business partners will avoid losses affecting your contract due to any successful cyber-attacks or information security breaches.

**Potential Adverse Tax Consequences.** Tax considerations vary by individual facts and circumstances. Tax rules may change without notice. Generally, earnings under your contract are taxed at ordinary income tax rates when withdrawn. You may have to pay a tax penalty if you take a withdrawal before age 59 ½. If you purchase a qualified annuity to fund a retirement plan that is tax-deferred, your contract will not provide any necessary or additional tax deferral beyond what is provided in that retirement plan. Consult a tax professional.

The Variable Account and the Funds

**The Variable Account:** The Variable Account was established under Minnesota law on Aug. 23, 1995.The Variable Account, consisting of subaccounts, is registered together as a single unit investment trust under the Investment Company Act of 1940 (the 1940 Act). This registration does not involve any supervision of our management or investment practices and policies by the SEC. All obligations arising under the contracts are general obligations of RiverSource Life.

The Variable Account meets the definition of a separate account under federal securities laws. Income, gains, and losses credited to or charged against the Variable Account reflect the Variable Account's own investment experience and not the investment experience of RiverSource Life's other assets. The Variable Account's assets are held separately

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18 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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from RiverSource Life's assets and are not chargeable with liabilities incurred in any other business of RiverSource Life. RiverSource Life is obligated to pay all amounts promised to contract owners under the contracts. The Variable Account includes other subaccounts that are available under contracts that are not described in this prospectus.

The IRS has issued guidance on investor control but may issue additional guidance in the future. We reserve the right to modify the contract or any investments made under the terms of the contract so that the investor control rules do not apply to treat the contract owner as the owner of the subaccount assets rather than the owner of an annuity contract. If the contract is not treated as an annuity contract for tax purposes, the owner may be subject to current taxation on any current or accumulated income credited to the contract.

We intend to comply with all federal tax laws so that the contract qualifies as an annuity for federal tax purposes. We reserve the right to modify the contract as necessary in order to qualify the contract as an annuity for federal tax purposes.

**The Funds:** The contract currently offers Subaccounts investing in shares of the Funds. Contract value allocated to a Subaccount will vary based on the investment experience of the corresponding Fund in which the Subaccount invests. There is a risk of loss of the entire amount invested. Information regarding each Fund, including (i) its name, (ii) its investment objective, (iii) its investment adviser and any sub-investment adviser, (iv) current expenses, and (v) performance may be found in Appendix A to this prospectus.

Please read the Funds' prospectuses carefully for facts you should know before investing. These prospectuses containing more detailed information about the Funds are available by contacting us at 70100 Ameriprise Financial Center, Minneapolis, MN 55474, telephone: 1-800-862-7919, website: Ameriprise.com/variableannuities.

• **Investment objectives:** The investment managers and advisers cannot guarantee that the Funds will meet their investment objectives.

• **Fund name and management:** An underlying Fund in which a Subaccount invests may have a name, portfolio manager, objectives, strategies and characteristics that are the same or substantially similar to those of a publicly-traded retail mutual fund. Despite these similarities, an underlying fund is not the same as any publicly-traded retail mutual fund. Each underlying fund will have its own unique portfolio holdings, fees, operating expenses and operating results. The results of each underlying fund may differ significantly from any publicly-traded retail mutual fund.

• **Eligible purchasers:** All Funds are available to serve as underlying funds for variable annuities and variable life insurance policies. The Funds are not available to the public (see "Fund name and management" above). Some Funds also are available to serve as investment options for tax-deferred retirement plans. It is possible that in the future for tax, regulatory or other reasons, it may be disadvantageous for variable annuity accounts and variable life insurance accounts and/or tax-deferred retirement plans to invest in the available funds simultaneously. Although we and the Funds' providers do not currently foresee any such disadvantages, the boards of directors or trustees of each Fund will monitor events in order to identify any material conflicts between annuity owners, policy owners and tax-deferred retirement plans and to determine what action, if any, should be taken in response to a conflict. If a board were to conclude that it should establish separate Fund providers for the variable annuity, variable life insurance and tax-deferred retirement plan accounts, you would not bear any expenses associated with establishing separate Funds. Please refer to the Funds' prospectuses for risk disclosure regarding simultaneous investments by variable annuity, variable life insurance and tax-deferred retirement plan accounts. Each Fund intends to comply with the diversification requirements under Section 817(h) of the Code.

• **Asset allocation programs may impact Fund performance:** Asset allocation programs in general may negatively impact the performance of an underlying fund. Even if you do not participate in an asset allocation program, a Fund in which your Subaccount invests may be impacted if it is included in an asset allocation program. Rebalancing or reallocation under the terms of the asset allocation program may cause a Fund to lose money if it must sell large amounts of securities to meet a redemption request. These losses can be greater if the Fund holds securities that are not as liquid as others; for example, various types of bonds, shares of smaller companies and securities of foreign issuers. A Fund may also experience higher expenses because it must sell or buy securities more frequently than it otherwise might in the absence of asset allocation program rebalancing or reallocations. Because asset allocation programs include periodic rebalancing and may also include reallocation, these effects may occur under the asset allocation program we offer (see "Making the Most of Your Contract — Portfolio Navigator Program and Portfolio Stabilizer Funds") or under asset allocation programs used in conjunction with the contracts and plans of other eligible purchasers of the Funds.

• **Funds available under the contract:** We seek to provide a broad array of underlying funds taking into account the fees and charges imposed by each Fund and the contract charges we impose. We select the underlying funds in which the Subaccounts initially invest and when there is substitution (see "Substitution of Investments"). We also make all decisions regarding which Funds to retain in a contract, which Funds to add to a contract and which Funds will no longer be offered in a contract. In making these decisions, we may consider various objective and subjective factors. Objective factors include, but are not limited to Fund performance, Fund expenses, classes of Fund shares available, size of the Fund and investment objectives and investing style of the Fund. Subjective factors include, but

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 19

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are not limited to, investment sub-styles and process, management skill and history at other Funds and portfolio concentration and sector weightings. We also consider the levels and types of revenue, including but not limited to expense payments and non-cash compensation of a Fund, its distributor, investment adviser, subadviser, transfer agent or their affiliates pay us and our affiliates. This revenue includes, but is not limited to compensation for administrative services provided with respect to the Fund and support of marketing and distribution expenses incurred with respect to the Fund.

• **Money Market fund yield:** In low interest rate environments, money market fund yields may decrease to a level where the deduction of fees and charges associated with your contract could result in negative net performance, resulting in a corresponding decrease in your contract value.

• **Conflicts of Interest with Certain Funds Advised by Columbia Management.** We are an affiliate of Ameriprise Financial, Inc., which is the parent company of Columbia Management Investment Advisers, LLC (Columbia Management). Columbia Management acts as investment adviser to several funds of funds, including Portfolio Navigator and Portfolio Stabilizer funds. As such, it retains full discretion over the investment activities and investment decisions of the Funds. These funds invest in other registered mutual funds. In providing investment advisory services for the funds and the underlying funds in which those funds respectively invest, Columbia Management is, together with its affiliates, including us, subject to competing interests that may influence its decisions. These competing interests typically arise because Columbia Management Investment Advisers or one of its affiliates serves as the investment adviser to the underlying funds and may provide other services in connection with such underlying funds, and because the compensation we and our affiliates receive for providing these investment advisory and other services varies depending on the underlying fund.

• **Revenue we receive from the Funds and potential conflicts of interest:** 

***Expenses We May Incur on Behalf of the Funds*** 

When a Subaccount invests in a Fund, the Fund holds a single account in the name of the Variable Account. As such, the Variable Account is actually the shareholder of the fund. We, through our Variable Account, aggregate the transactions of numerous contract owners and submit net purchase and redemption requests to the Funds on a daily basis. In addition, we track individual contract owner transactions and provide confirmations, periodic statements, and other required mailings. These costs would normally be borne by the fund, but we incur them instead.

Besides incurring these administrative expenses on behalf of the funds, we also incur distributions expenses in selling our contracts. By extension, the distribution expenses we incur benefit the funds we make available due to contract owner elections to allocate purchase payments to the funds through the Subaccounts. In addition, the funds generally incur lower distribution expenses when offered through our Variable Account in contrast to being sold on a retail basis.

A complete list of why we may receive this revenue, as well as sources of revenue, is described in detail below.

***Payments the Funds May Make to Us*** 

We or our affiliates may receive from each of the Funds, or their affiliates, compensation including but not limited to expense payments. These payments are designed in part to compensate us for the expenses we may incur on behalf of the Funds. In addition to these payments, the Funds may compensate us for wholesaling activities or to participate in educational or marketing seminars sponsored by the Funds.

We or our affiliates may receive revenue derived from the 12b-1 fees charged by the Funds. These fees are deducted from the assets of the Funds. This revenue and the amount by which it can vary may create conflicts of interest. The amount, type, and manner in which the revenue from these sources is computed vary by Fund.

***Conflicts of Interest These Payments May Create*** 

When we determined the charges to impose under the contracts, we took into account anticipated payments from the Funds. If we had not taken into account these anticipated payments, the charges under the contract would have been higher. Additionally, the amount of payment we receive from a Fund or its affiliate may create an incentive for us to include that Fund as an investment option and may influence our decision regarding which Funds to include in the Variable Account as subaccount options for contract owners. Funds that offer lower payments or no payments may also have corresponding expense structures that are lower, resulting in decreased overall fees and expenses to shareholders.

We offer Funds managed by our affiliates Columbia Management and Columbia Wanger Asset Management, LLC (Columbia Wanger). We have additional financial incentive to offer our affiliated funds because additional assets held by them generally results in added revenue to us and our parent company, Ameriprise Financial, Inc. Additionally, employees of Ameriprise Financial, Inc. and its affiliates, including our employees, may be separately incented to include the affiliated funds in the products, as employee compensation and business unit operating goals at all levels are tied to the success of the company. Currently, revenue received from our affiliated funds comprises the greatest amount and percentage of revenue we derive from payments made by the Funds.

***The Amount of Payments We Receive from the Funds*** 

We or our affiliates receive revenue which ranges up to 0.65% of the average daily net assets invested in the Funds through this and other contracts we and our affiliates issue.

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20 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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**Why revenues are paid to us:** In accordance with applicable laws, regulations and the terms of the agreements under which such revenue is paid, we or our affiliates may receive revenue, including but not limited to expense payments and non-cash compensation, for various purposes:

&nbsp;&nbsp;&nbsp;&nbsp;• Compensating, training and educating financial advisors who sell the contracts.

&nbsp;&nbsp;&nbsp;&nbsp;• Granting access to our employees whose job it is to promote sales of the contracts by authorized selling firms and their financial advisors, and granting access to financial advisors of our affiliated selling firms.

&nbsp;&nbsp;&nbsp;&nbsp;• Activities or services we or our affiliates provide that assist in the promotion and distribution of the contracts including promoting the funds available under the contracts to contract owners, authorized selling firms and financial advisors.

&nbsp;&nbsp;&nbsp;&nbsp;• Providing sub-transfer agency and shareholder servicing to contract owners.

&nbsp;&nbsp;&nbsp;&nbsp;• Promoting, including and/or retaining the Fund's investment portfolios as underlying Funds in the contracts.

&nbsp;&nbsp;&nbsp;&nbsp;• Advertising, printing and mailing sales literature, and printing and distributing prospectuses and reports.

&nbsp;&nbsp;&nbsp;&nbsp;• Furnishing personal services to contract owners, including education of contract owners regarding the Funds, answering routine inquiries regarding a Fund, maintaining accounts or providing such other services eligible for service fees as defined under the rules of the Financial Industry Regulatory Authority (FINRA).

&nbsp;&nbsp;&nbsp;&nbsp;• Subaccounting services, transaction processing, recordkeeping and administration.

• **Sources of revenue received from affiliated funds:** The affiliated funds are managed by Columbia Management or Columbia Wanger. The sources of revenue we receive from these affiliated funds, or from the funds' affiliates, may include, but are not necessarily limited to, the following:

&nbsp;&nbsp;&nbsp;&nbsp;• Assets of the Fund's adviser, sub-adviser, transfer agent, distributor or an affiliate of these. The revenue resulting from these sources may be based either on a percentage of average daily net assets of the Fund or on the actual cost of certain services we provide with respect to the Fund. We may receive this revenue either in the form of a cash payment or it may be allocated to us.

&nbsp;&nbsp;&nbsp;&nbsp;• Compensation paid out of 12b-1 fees that are deducted from Fund assets.

• **Sources of revenue received from unaffiliated funds:** The unaffiliated funds are not managed by an affiliate of ours. The sources of revenue we receive from these unaffiliated funds, or the funds' affiliates, may include, but are not necessarily limited to, the following:

&nbsp;&nbsp;&nbsp;&nbsp;• Assets of the Fund's adviser, sub-adviser, transfer agent, distributor or an affiliate of these. The revenue resulting from these sources may be based either on a percentage of average daily net assets of the Fund or on the actual cost of certain services we provide with respect to the Fund. We receive this revenue in the form of a cash payment.

&nbsp;&nbsp;&nbsp;&nbsp;• Compensation paid out of 12b-1 fees that are deducted from Fund assets.

The "Nonunitized" Separate Account and the Guarantee Period Accounts (GPAs)

**The "Nonunitized" separate account:** We hold amounts You allocate to the GPAs in a "nonunitized" separate account, which is maintained by Us and segregated from our general assets and the Variable Account. This separate account provides an additional measure of assurance that We will make full payment of amounts due under the GPAs. Unlike the Variable Account (i.e., a unitized separate account), which has subaccounts and accumulation units, We own the assets of this separate account as well as any favorable investment performance of those assets. You do not participate in the performance of the assets held in this separate account. We guarantee all benefits relating to Your value in the GPAs. This guarantee is based on the continued claims-paying ability of the company's general account. See "The General Account" for more information.

**The GPAs:** The contract currently offers GPAs that earn fixed interest during guarantee periods ranging from 1 to 10 years. The available guarantee periods may vary by state. The GPAs may not be available for contracts in some states. Information regarding each GPA, including (i) its name, and (ii) its term may be found in Appendix A to this prospectus.

Currently, unless the PN program is in effect or you have selected one of the optional living benefit riders, you may allocate purchase payments and purchase payment credits to one or more of the GPAs with guarantee periods declared by us. The required minimum investment in each GPA is $1,000. These accounts are not offered after annuity payouts begin. Each GPA pays an interest rate that is declared at the time of Your allocation to that account. Interest is credited daily. That interest rate is fixed for the guarantee period that You chose. We may periodically change the declared interest rate for any future allocations to these accounts, but We will not change the rate paid on any Contract Value already allocated to a GPA. The interest rates that We will declare as guaranteed rates in the future are determined by us at our discretion. These rates generally will be based on factors including, but not limited to, the interest rate

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 21

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environment, returns earned on investments backing these annuities, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition, and RiverSource Life's revenues and expenses. Contact our Service Center at the number listed on the cover page of this prospectus for current interest rates.

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. 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. We will not apply an MVA to Contract Value You transfer or surrender out of the GPAs during the 30-day period ending on the last day of the guarantee period. For more information about the MVA, see "Charges and Adjustments – Adjustments – Market Value Adjustments."

During the 30 day window which precedes the end of Your GPA investment's guarantee period, You may elect one of the following options: (i) reinvest the Contract Value in a new GPA with the same guarantee period; (ii) transfer the Contract Value to a GPA with a different guarantee period; (iii) transfer the Contract Value to any of the subaccounts or the regular Fixed Account, or surrender the Contract Value (subject to applicable surrender and transfer provisions). We will send You a letter prior to the end of Your guarantee period that lists the available GPAs or You can contact our Service Center at the number listed on the cover page of this prospectus for the GPAs currently available to You. If We do not receive any instructions by the end of Your guarantee period, We will automatically transfer the Contract Value into the shortest GPA term offered in Your state.

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22 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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The General Account

The general account includes all assets owned by RiverSource Life, other than those in the Variable Account and our other separate accounts. Subject to applicable state law, we have sole discretion to decide how assets of the general account will be invested. The assets held in our general account support the guarantees under your contract including any optional benefits offered under the contract. These guarantees are subject to the claims-paying ability and financial strength of RiverSource Life. You should be aware that our general account is exposed to many of the same risks normally associated with a portfolio of fixed-income securities including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of annuities and financial instruments and products as well, and these obligations are satisfied from the assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. The fixed account is supported by our general account that we make available under the contract.

The Fixed Account

Unless the PN program is in effect or you have selected one of the optional living benefit riders, you also may allocate purchase payments and purchase payment credits or transfer contract value to the fixed account. Amounts allocated to the fixed account are part of our general account. We back the principal and interest guarantees relating to the fixed account. These guarantees are subject to the creditworthiness and continued claims-paying ability of the company. The value of the fixed account increases as we credit interest to the account. We credit and compound interest daily based on a 365-day year so as to produce the annual effective rate which we declare. We do not credit interest on leap days (Feb. 29). The interest rate we apply to each purchase payment or transfer to the fixed account is guaranteed for one year. Thereafter, we will change the rates from time to time at our discretion. The guaranteed minimum interest rate offered may vary by state and contract issue year, but it will be shown on your Contract specifications page and will not be lower than the minimum allowed under state law. Interest rates credited in excess of the guaranteed rate generally will be based on various factors related to future investment earnings. Information regarding each fixed account option, including (i) its name, (ii) its term, and (iii) its historical minimum guaranteed interest rates may be found in Appendix A to this prospectus.

Because of exemptive and exclusionary provisions, we have not registered interests in the fixed account as securities under the Securities Act of 1933 nor have any of these accounts been registered as investment companies under the Investment Company Act of 1940. Accordingly, neither the fixed account nor any interests in the fixed account are subject to the provisions of these Acts.

The fixed account has not been registered with the SEC. Disclosures regarding the fixed account, however, are subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of statements made in a prospectus. (See "Making the Most of Your Contract – Transfer Policies" for restrictions on transfers involving the fixed account.)

The Special DCA Account

You also may allocate purchase payments and purchase payment credits to the Special DCA account, when available. The Special DCA account is available for promotional purposes for new purchase payments only and may not be available at all times.\* We back the principal and interest guarantees relating to the Special DCA account. These guarantees are based on the continued claims-paying ability of the company. The value of the Special DCA account increases as we credit interest to the account. Purchase payments to the Special DCA account become part of our general account. We credit and compound interest daily based on a 365-day year so as to produce the annual effective rate which we declare. We do not credit interest on leap days (Feb. 29). The interest rate we apply to each purchase payment is guaranteed for the period of time money remains in the Special DCA account. The rates credited to the Special DCA account will be based on various factors including, but not limited to, the interest rate environment, returns earned on investments backing these annuities, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition, and RiverSource Life's revenues and expenses.

We have not registered interests in the Special DCA account as securities under the Securities Act of 1933 nor have any of these accounts been registered as investment companies under the Investment Company Act of 1940. We believe these options are exempt from registration under the federal securities laws because the underlying values do not vary according to the performance of a separate account and satisfy state standard non-forfeiture laws. Accordingly, we have a reasonable basis for concluding that the Special DCA account provides sufficient guarantees of principal and interest through the company's general account to qualify under Section 3(a)(8) of the Securities Act of 1933.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 23

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The Special DCA account has not been registered with the SEC. Disclosures regarding the Special DCA account, however, are subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of statements made in a prospectus. (See "Making the Most of Your Contract – Special Dollar Cost Averaging Program" for more information on the Special DCA account.)

\*

For contracts purchased in Oregon the Special DCA account is available at all times.

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24 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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Buying Your Contract

New contracts are not currently being offered.

As the owner, you have all rights and may receive all benefits under the contract. You can own a nonqualified annuity in joint tenancy with rights of survivorship only in spousal situations. You cannot own a qualified annuity in joint tenancy. You can buy a contract if you and the annuitant are 90 or younger.

The contract provides for allocation of purchase payments and purchase payment credits to the subaccounts of the variable account, to the GPAs, to the fixed account and/or to the Special DCA account (when available) in even 1% increments subject to the $1,000 required minimum investment for the GPAs. There may be certain restrictions on the amount you may allocate to the fixed account. (See "Purchase Payments.")

We will credit additional eligible purchase payments you make to your accounts on the valuation date we receive them. If we receive an additional purchase payment at our Service Center before the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the valuation date we received the payment. If we receive an additional purchase payment at our Service Center at or after the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the next valuation date after we received the payment.

**Householding and delivery of certain documents** 

With your prior consent, RiverSource Life and its affiliates may use and combine information concerning accounts owned by members of the same household and provide a single paper or electronic copy of certain documents to that household. This householding of documents may include prospectuses, supplements, annual reports, semiannual reports and proxies. Your authorization remains in effect unless we are notified otherwise. If you wish to continue receiving multiple copies of these documents, you can opt out of householding by calling us at 1.866.273.7429. Multiple mailings will resume within 30 days after we receive your opt out request.

**Contract Exchanges** 

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. <br>Generally, you can exchange one nonqualified annuity for another or for a qualified long-term care insurance policy in a "tax-free" exchange under Section 1035 of the Code. You can also do a partial exchange from one nonqualified annuity contract to another annuity contract, subject to Internal Revenue Service (IRS) rules. You also generally can exchange a life insurance policy for a nonqualified annuity. However, before making an exchange, you should compare both contracts carefully because the features and benefits may be different. Fees and charges may be higher or lower on your old contract than on the new contract. You may have to pay a surrender charge when you exchange out of your old contract and a new surrender charge period may begin when you exchange into a new contract. If the exchange does not qualify for Section 1035 treatment, you also may have to pay federal income tax on the distribution. State income taxes may also apply. You should not exchange your old contract for a new contract or buy a new contract in addition to your old contract, unless you determine it is in your best interest. (See "Taxes — 1035 Exchanges.")

Purchase Payments\*

Purchase payment amounts and purchase payment timing may vary by state and be limited under the terms of the contract.

**Minimum allowable purchase payments\*\*** 

If paying by installments under a scheduled payment plan:

$50 per month

---

| | | |
|:---|:---|:---|
|  | **RAVA Advantage Plus** | **RAVA Select Plus** |
| If paying by any other method: initial payment for qualified annuities | &nbsp;&nbsp;&nbsp; $1000 | &nbsp;&nbsp;&nbsp; $2000 |
| initial payment for nonqualified annuities | &nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp; 10000 |
| for any additional payments | &nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp; 50 |

---

\*

**RAVA Advantage Plus and RAVA Select Plus Band 3 annuities sold to individuals other than advisors and employees**: Require a minimum $1,000,000 initial purchase payment and our approval. Contracts already approved may make payments in subsequent years up to $100,000 if your age on the effective date of the contract is age 85 or younger and $50,000 if your age on the effective date of the contract is age 86 to 90.

\*\*

Installments must total at least $600 in the first year. If you do not make any purchase payments for 24 months, and your previous payments total $600 or less, we have the right to give you 30 days' written notice and pay you the total value of your contract in a lump sum. This right does not apply to contracts in Illinois and New Jersey.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 25

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**Maximum allowable purchase payments\*\*\*** (without our approval) based on your age on the effective date of the contract:

---

| | | |
|:---|:---|:---|
|  | **RAVA Advantage Plus** | **RAVA Select Plus** |
| For the first year: through age 85 | &nbsp;&nbsp;&nbsp; $999999 | &nbsp;&nbsp;&nbsp; $999999 |
| for ages 86 to 90 | &nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| For each subsequent year: through age 85 | &nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| for ages 86 to 90 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp; 50000 |

---

\*\*\*

These limits apply in total to all RiverSource Life annuities you own. We reserve the right to increase maximum limits. For qualified annuities the tax-deferred retirement plan's or the Code's limits on annual contributions also apply.

We do not consider purchase payment credits to be part of your purchase payment.

For RAVA Advantage Plus, except for TSAs, purchase payments are limited and may not be made after the third contract anniversary in Massachusetts, Alabama, Washington and Oregon.

Effective Jan. 26, 2009, no additional purchase payments are allowed for contracts with the Withdrawal Benefit rider or Enhanced Withdrawal Benefit rider, subject to state restrictions.

For contracts issued in all states except those listed below, certain exceptions apply and the following additional purchase payments will be allowed on/after Jan. 26, 2009:

a. Tax Free Exchanges, rollovers, and transfers listed on the annuity application and received within 180 days from the contract issue date.

b. Current tax year contributions for TSAs up to the annual limit set by the IRS.

c. Prior and current tax year contributions up to a cumulative annual maximum of $6,000<sup>(1)</sup> for any Qualified Accounts except TSAs. This maximum applies to IRAs, Roth IRAs, SIMPLE IRAs, and SEP plans.

<sup>(1)</sup>

The maximum amount is subject to change in later years and is based on the limit set by the IRS for individual IRAs (including the catch-up provision).

For contracts with the Withdrawal Benefit rider and Enhanced Withdrawal Benefit rider issued in Florida, New Jersey, and Oregon, additional purchase payments to your variable annuity contract will not be limited beyond the maximum purchase payment limits shown above.

<u>Additional purchase payment restrictions for contracts with the Accumulation Benefit rider</u> 

Additional purchase payments for contracts with the Accumulation Benefit rider are restricted during the waiting period after the first 180 days (1) immediately following the effective date and (2) following the last contract anniversary for each elective step up.

We reserve the right to change these current rules at any time, subject to state restrictions.

Purchase payment amounts and purchase payment timing may vary by state and may be limited under the terms of your contract.

Subject to state regulatory requirements, we reserve the right to not accept purchase payments allocated to the fixed account for twelve months following either:

1. a partial surrender from the fixed account; or

2. a lump sum transfer from the fixed account to a subaccount.

How to Make Purchase Payments

**1 Electronically**

We can help you set up:

• Our Service Center or your financial advisor can help you to move money electronically, or

• You can use the secure site at ameriprise.com or the Ameriprise Financial app if you are an Ameriprise client

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26 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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**2 By letter**

Send your check along with your name and contract number to:

**RiverSource Life Insurance Company** <br>**70200 Ameriprise Financial Center** <br>**Minneapolis, MN 55474**

Purchase Payment Credits

**For RAVA Advantage Plus:** we add a credit to your Contract in the amount of:

• 1% of each purchase payment received:

– if you elect the ten-year surrender charge schedule for your Contract\* and the initial purchase payment is under $100,000; or

– if you elect the seven-year surrender charge schedule for your Contract and your initial purchase payment to the Contract is at least $100,000 but less than $1,000,000.

• 2% of each purchase payment received if you elect the ten-year surrender charge schedule for your Contract\* and your initial purchase payment to the Contract is at least $100,000 but less than $1,000,000.

**For RAVA Advantage Plus – Band 3:** we add a credit to your Contract in the amount of:

• 2% of each purchase payment received:

– if you elect the seven-year surrender charge schedule for your Contract.

• 3% of each purchase payment received:

– if you elect the ten-year surrender charge schedule for your Contract\*.

Surrender charges under RAVA Advantage Plus and RAVA Advantage Plus – Band 3 may be higher and longer than those for Contracts that do not have purchase payment credits. The amount of the credits may be more than offset by the additional charges associated with them. Because of higher charges, there could be circumstances where you may be worse off purchasing one of these Contracts with the credits than purchasing other Contracts. All things being equal (such as fund performance and availability), this may occur if you select the ten-year surrender charge and you make a full surrender in years five through ten. We pay for the credits under RAVA Advantage Plus and RAVA Advantage Plus – Band 3 primarily through revenue from a higher and longer surrender charge schedule and through lower costs associated with larger sized Contracts, including lower compensation paid on the sales of these Contracts. We expect to make a profit from the charges on the Contract.

**For RAVA Select Plus:** we add a credit to your Contract in the amount of 1% of each purchase payment received in the first Contract year if your initial purchase payment to the Contract is at least $250,000 but less than $1,000,000.

**For RAVA Select Plus – Band 3:** we add a credit to your Contract in the amount of 2% of each purchase payment received in the first Contract year.

Expenses under RAVA Select Plus and RAVA Select Plus – Band 3 may be higher than those for Contracts that do not have purchase payment credits. The amount of the credits may be more than offset by the additional charges associated with them. Because of higher charges, you may be worse off purchasing one of these Contracts with the credits than purchasing other Contracts. We pay for the credits under RAVA Select Plus and RAVA Select Plus – Band 3 primarily through lower costs associated with larger sized Contracts, including lower compensation paid on the sales of these Contracts. We expect to make a profit from the charges on the Contract.

We fund all credits from our general account. We do not consider credits to be "investments" for income tax purposes. (See "Taxes.")

We allocate each credit to your Contract value when the applicable purchase payment is applied to your Contract value. We allocate such credits to your Contract value according to allocation instructions in effect for your purchase payments.

We will reverse credits from the Contract value for any purchase payment that is not honored. The amount returned to you under the free look provision also will not include any credits applied to your Contract. (See "The Contract in Brief — Free look period.")

We will assess a charge, similar to a surrender charge, equal to the amount of the purchase payment credits to the extent a death benefit, surrender payment, or settlement under an annuity payout plan includes purchase payment credits applied within twelve months preceding: (1) the date of death that results in a lump sum death benefit under this Contract; (2) a request for surrender charge waiver due to Nursing Home Confinement or Terminal Illness Disability Diagnosis; or (3) your settlement of the Contract under an annuity payout plan.\*

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 27

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We reserve the right to increase the amount of the credit for certain groups of Contract owners. The increase will not be greater than 8% of total net purchase payments. We would pay for increases in credit amounts primarily through reduced expenses expected from such groups.

We do not consider purchase payment credits to be part of your purchase payments for any purpose under the Contract.

\*

The ten-year surrender charge under RAVA Advantage Plus and RAVA Advantage Plus – Band 3 is not available in Oregon. Contracts purchased in Oregon are only eligible for a 1% purchase payment credit if the initial purchase payment is at least $100,000. For Contracts purchased in Oregon, we will assess a charge, similar to a surrender charge, equal to the amount of the purchase payment credits to the extent a death benefit includes purchase payment credits applied within twelve months preceding the date of death that results in a lump sum death benefit under this Contract only.

Limitations on Use of Contracts

If mandated by applicable law, including but not limited to, federal anti-money laundering laws, we may be required to reject a purchase payment. We may also be required to block an owner's access to contract values and satisfy other statutory obligations. Under these circumstances, we may refuse to implement requests for transfers, surrenders or death benefits until instructions are received from the appropriate governmental authority or court of competent jurisdiction.

The Settlement Date

Annuity payouts are scheduled to begin on the settlement date. This means that the contract will be annuitized (converted to a stream of monthly payments), and the first payment will be sent on the settlement date. If your contract is annuitized, the contract goes into payout mode and only the annuity payout provisions continue. You will no longer have access to your contract value. In addition, the death benefit and any optional benefits you have elected will end.

The settlement date must be:

no earlier than the 30th day after the contract's effective date; and no later than

the annuitant's 95th birthday or the tenth contract anniversary, if later,

or such other date as agreed to by us but not later than the annuitant's 105th birthday.

Six months prior to your annuitization start date, we will contact you with your options including the option to postpone your settlement date to a future date. You can also choose to delay the annuitization of your contract to a date beyond age 95, to the extent allowed by applicable state law and tax laws.

If you do not make an election, annuity payouts, using the contract's default option of Annuity Payout Plan B – Life annuity with 10 years certain, will begin on the settlement date and your monthly annuity payments will continue for as long as the annuitant lives. If the annuitant does not survive 10 years, payments will continue until 10 years of payments have been made.

Generally, if you own a qualified annuity (for example, an IRA) and tax laws require that you take distributions from your annuity prior to your settlement date, your contract will not be automatically annuitized (subject to state requirements). However, if you choose, you can elect to request annuitization or take partial surrenders to meet your required minimum distributions.

Beneficiary

If death benefits become payable before the settlement date while the contract is in force and before annuity payouts begin, we will pay the death benefit to your named beneficiary. If there is more than one beneficiary we will pay each beneficiary's designated share when we receive their complete claim. A beneficiary will bear the investment risk if the variable account until we receive the beneficiary's complete claim. If there is no named beneficiary, then the default provisions of your contract apply. (See "Benefits in Case of Death" for more about beneficiaries.)

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28 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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Charges and Adjustments

Transaction Expenses

Surrender Charge

If You surrender all or part of Your contract before the settlement date, We may deduct a surrender charge from the contract value that is surrendered. For RAVA Advantage Plus, a surrender charge applies if all or part of the surrender amount is from purchase payments We received within seven or ten years before surrender. You select the surrender charge period at the time of Your application for the contract. For RAVA Select Plus, a surrender charge applies if You surrender all or part of Your purchase payments in the first three contract years. The surrender charge helps Us cover sales and distribution expenses. The surrender charge percentages that apply to You are shown in Your contract. For purposes of calculating the surrender charge, We do not consider purchase payment credits as part of Your purchase payments.

You may surrender an amount during any contract year without a surrender charge. We call this amount the Total Free Amount (TFA). The TFA varies depending on whether Your contract includes the Withdrawal Benefit rider:

**Contracts without Withdrawal Benefit rider** 

The TFA is the greater of:

• 10% of the contract value on the prior contract anniversary\*; or

• current contract earnings, which includes any purchase payment credits.

**Contracts with Withdrawal Benefit rider** 

The TFA is the greatest of:

• 10% of the contract value on the prior contract anniversary\*;

• current contract earnings; or

• the Remaining Benefit Payment (RBP).

\*

We consider Your purchase payment and any purchase payment credit applied on the first day payments are received to be the prior contract anniversary's contract value during the first contract year.

**NOTE:** We determine current contract earnings by looking at the entire contract value, not the earnings of any particular subaccount, GPA, the fixed account or the Special DCA account.

Amounts surrendered in excess of the TFA may be subject to a surrender charge as described below.

**Surrender charge under RAVA Advantage Plus:** 

For purposes of calculating any surrender charge under RAVA Advantage Plus, We treat amounts surrendered from Your contract value in the following order:

1. First, We surrender the TFA. We do not assess a surrender charge on the TFA.

2. Next We surrender purchase payments received prior to the surrender charge period You selected and shown in Your contract. We do not assess a surrender charge on these purchase payments.

3. Finally, if necessary, We surrender purchase payments received that are still within the surrender charge period You selected and shown in Your contract. We surrender these payments on a first-in, first-out (FIFO) basis. We do assess a surrender charge on these payments.

We determine Your surrender charge by multiplying each of Your payments surrendered by the applicable surrender charge percentage, and then adding the total surrender charges.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 29

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The surrender charge percentage depends on the number of years since You made the payments that are surrendered, depending on the schedule You selected\*:

---

| | | | |
|:---|:---|:---|:---|
| **Ten-year schedule\*** | **Ten-year schedule\*** | **Seven-year schedule** | **Seven-year schedule** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Number of completed years from**<br> **date of each purchase payment\*\***<br>| &nbsp;&nbsp; **Surrender charge**<br> **percentage**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Number of completed years from**<br> **date of each purchase payment\*\***<br>| &nbsp;&nbsp; **Surrender charge**<br> **percentage**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 8<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7<br> %<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7<br> +<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10<br> +<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0 |  |  |

---

\*

The ten-year surrender charge schedule is not available for contracts issued in Oregon. In Connecticut and Utah, the ten-year surrender charge schedule is 8% for years 0-2, 7% for year 3 and declining by 1% each year thereafter until it is 0% for years 10+. For contracts issued in Alabama, Massachusetts, Oregon and Washington, surrender charges are waived after the tenth contract anniversary for all payments regardless of when payments are made.

\*\*

According to Our current administrative practice, for the purpose of surrender charge calculation, We consider that the year is completed fourteen days prior to the anniversary of the day each purchase payment was received.

**Surrender charge under RAVA Select Plus (except Texas):** 

For purposes of calculating any surrender charge under RAVA Select Plus, We treat amounts surrendered from Your contract value in the following order:

1. First, We surrender the TFA. We do not assess a surrender charge on the TFA.

2. Next, if necessary, We surrender purchase payments. We do assess a surrender charge on these payments during the first three contract years as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Contract year\*\*\*** | **Surrender charge percentage** |
| 1 | &nbsp;&nbsp;&nbsp;&nbsp; 7<br> %<br>|
| 2 | &nbsp;&nbsp;&nbsp;&nbsp; 7 |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp; 7 |
| Thereafter | &nbsp;&nbsp;&nbsp;&nbsp; 0 |

---

**Surrender charge under RAVA Select Plus in Texas:** 

For purposes of calculating any surrender charge under RAVA Select Plus in Texas, We treat amounts surrendered from Your contract value in the following order:

1. First, We surrender the TFA. We do not assess a surrender charge on the TFA.

2. Next, if necessary, We surrender purchase payments. We surrender amounts from the oldest purchase payments first. We do assess a surrender charge on these payments during the first three contract years as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Surrender charge percentage**<br> **(as a percentage of purchase payments surrendered)**<br> **in contract year** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Surrender charge percentage**<br> **(as a percentage of purchase payments surrendered)**<br> **in contract year** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Surrender charge percentage**<br> **(as a percentage of purchase payments surrendered)**<br> **in contract year** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Surrender charge percentage**<br> **(as a percentage of purchase payments surrendered)**<br> **in contract year** |
| **Payments made in contract year\*\*\*** | **1** | **2** | **3** | **Thereafter** |
| 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0<br> %<br>|
| 2 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 |
| 3 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 |
| Thereafter |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 |

---

\*\*\*

According to Our current administrative practice, for the purpose of surrender charge calculation, We consider that the year is completed one day prior to the contract anniversary.

**Partial surrenders:** 

For a partial surrender that is subject to a surrender charge, the amount We actually deduct from Your contract value will be the amount You request plus any applicable surrender charge, plus or minus any applicable MVA.

For an example, see Appendix B.

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30 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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**Liquidation charges under Variable Annuity Payout Plan E – Payouts for a specified period:** Under this annuity payout plan, You can choose to surrender those payments. The amount that You can surrender is the present value of any remaining variable payouts. The discount rate We use in the calculation will be 5.17% if the assumed investment rate is 3.5% and 6.67% if the assumed investment rate is 5%. The liquidation charge equals the present value of the remaining payouts using the assumed investment return minus the present value of the remaining payouts using the discount rate.

**Fixed Payouts: Surrender charge under annuity payout plans allowing surrenders of the present value of remaining guaranteed payouts:** If you elect an annuity payout plan and the plan We make available provides a liquidity feature permitting You to surrender any portion of the underlying value of remaining guaranteed variable payouts, a surrender charge may apply.

A surrender charge will be assessed against the present value of any remaining guaranteed payouts surrendered. The discount rate We use in determining present values varies based on: (1) the contract value originally applied to the fixed annuitization; (2) the remaining years of guaranteed payouts; (3) the annual effective interest rate and periodic payment amount for new immediate annuities of the same duration as the remaining years of guaranteed payouts; and (4) the interest spread (currently 1.50%). If We do not currently offer immediate annuities, We will use rates and values applicable to new annuitizations to determine the discount rate.

Once the discount rate is applied and We have determined the present value of the remaining guaranteed payouts you are surrendering, the present value determined will be multiplied by the surrender charge percentage in the table below and deducted from the present value to determine the net present value You will receive.

---

| | |
|:---|:---|
| **Number of Completed Years Since Annuitization** | **Surrender charge percentage** |
| 0 | Not applicable\* |
| 1 | 5% |
| 2 | 4 |
| 3 | 3 |
| 4 | 2 |
| 5 | 1 |
| 6 and thereafter | 0 |

---

\*We do not permit surrenders in the first year after annuitization.

We will provide a quoted present value (which includes the deduction of any surrender charge). You must then formally elect, in a form acceptable to Us, to receive this value. The remaining guaranteed payouts following surrender will be reduced, possibly to zero.

**Waiver of surrender charges** 

We do not assess surrender charges for:

• surrenders of any contract earnings;

• surrenders of amounts totaling up to 10% of the contract value on the prior contract anniversary to the extent it exceeds contract earnings;

• if You elected the Withdrawal Benefit rider, Your contract's Remaining Benefit Payment to the extent it exceeds the greater of contract earnings or 10% of the contract value on the prior contract anniversary;

• amounts surrendered after the tenth contract anniversary in Alabama, Massachusetts, Washington and Oregon;

• to the extent that they exceed the greater of contract earnings or 10% of the contract value on the prior contract anniversary, required minimum distributions from a qualified annuity. The amount on which surrender charges are waived can be no greater than the RMD amount calculated under Your specific contract currently in force;

• contracts settled using an annuity payout plan\*, unless an Annuity Payout Plan E is later surrendered;

• amounts We refund to You during the free look period\*;

• death benefits\*;

• surrenders You make under Your contract's "Waiver of Surrender Charges for Hospital or Nursing Home Confinement" provision\*. To the extent permitted by state law, this provision applies when You are under age 76 on the date that We issue the contract. Under this provision, We will waive surrender charges that We normally assess upon full or partial surrender. You must provide proof satisfactory to Us that, as of the date You request the surrender, You are or Your spouse is confined to a nursing home or hospital and have been for 60 straight days and the confinement began after the contract date. (See Your contract for additional conditions and restrictions on this waiver.); and

• surrenders You make under Your contract's "Waiver of Surrender Charges for Terminal Illness Disability Diagnosis" provision.\* To the extent permitted by state law, this provision applies when You are under age 76 on the date We issue the contract. Under this provision, We will waive surrender charges that We normally assess for surrenders You

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 31

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make if You are diagnosed after the contract date as disabled with a medical condition that with reasonable medical certainty will result in death within 12 months or less from the date of a licensed physician's statement. You must provide us with a licensed physician's statement containing the terminal illness diagnosis and the date the terminal illness was initially diagnosed. (See Your contract for additional conditions and restrictions on this waiver.)

\*

However, We will reverse purchase payment credits credited within 12 months of a withdrawal under this provision. (See "Buying Your Contract – Purchase Payment Credits.")

**Other information on charges:** Ameriprise Financial, Inc. makes certain custodial services available to some profit sharing, money purchase and target benefit plans funded by Our annuities. Fees for these services start at $30 per calendar year per participant. Ameriprise Financial, Inc. will charge a termination fee for owners under age 59½ (fee waived in case of death or disability).

**Possible group reductions:** In some cases We may incur lower sales and administrative expenses due to the size of the group, the average contribution and the use of group enrollment procedures. In such cases, We may be able to reduce or eliminate certain charges such as the contract administrative and surrender charges. However, We expect this to occur infrequently.

Annual Contract Expenses

Base Contract Expenses

Base Contract expenses consist of the contract administrative charge and mortality and expense risk fee.

Contract Administrative Charge

We charge this fee for establishing and maintaining your records. Currently, we deduct $50\* from your contract value on your contract anniversary or, if earlier, when the contract is fully surrendered. Subject to state regulatory requirements, we prorate this charge among the subaccounts and the fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA account. The contract administrative charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts.

We will waive this charge when your contract value, or total purchase payments less any payments surrendered, is $50,000 or more on the current contract anniversary. However, we reserve the right to charge up to $20 after the first contract anniversary for these contracts.

If you surrender your contract, we will deduct the full charge at the time of surrender regardless of the contract value or purchase payments made. This charge does not apply after annuity payouts begin or when we pay death benefits.

\* Prior to May 4, 2020, the annual contract administrative charge was $30.

Mortality and Expense Risk Fee

We charge this fee daily to the subaccounts as a percentage of the daily contract value in the variable account. The unit values of your subaccounts reflect this fee, which is a percentage of their average daily net assets, on an annual basis as follows:

---

| | |
|:---|:---|
| **RAVA Advantage Plus**<br> for nonqualified annuities <br>| **Current/Maximum:** 0.95%  |
| **RAVA Advantage Plus**<br> for qualified annuities<br>| **Current/Maximum:** 0.75% |
| **RAVA Select Plus**<br> for nonqualified annuities<br>| **Current/Maximum:** 1.20%  |
| **RAVA Select Plus**<br> for qualified annuities<br>| **Current/Maximum:** 1.00% |
| **RAVA Advantage Plus Band 3** | **Current/Maximum:** 0.55% |
| **RAVA Select Plus Band 3** | **Current/Maximum:** 0.75% |

---

This fee covers the mortality and expense risk that we assume. This fee does not apply to the GPAs, the fixed account or the Special DCA account.

Mortality risk arises because of our guarantee to pay a death benefit and our guarantee to make annuity payouts according to the terms of the contract, no matter how long a specific owner or annuitant lives and no matter how long our entire group of owners or annuitants live. If, as a group, owners or annuitants outlive the life expectancy we assumed in our actuarial tables, we must take money from our general assets to meet our obligations. If, as a group,

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32 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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owners or annuitants do not live as long as expected, we could profit from the mortality risk fee. We deduct the mortality risk fee from the subaccounts during the annuity payout period even if the annuity payout plan does not involve a life contingency.

Expense risk arises because we cannot increase the contract administrative charge more than $20.00 per contract and this charge may not cover our expenses. We would have to make up any deficit from our general assets. We could profit from the expense risk fee if future expenses are less than expected.

The subaccounts pay us the mortality and expense risk fee they accrued as follows:

• first, to the extent possible, the subaccounts pay this fee from any dividends distributed from the funds in which they invest;

• then, if necessary, the funds redeem shares to cover any remaining fees payable.

We may use any profits we realize from the subaccounts' payment to us of the mortality and expense risk fee for any proper corporate purpose, including, among others, payment of distribution (selling) expenses. We do not expect that the surrender charge, discussed in the following paragraphs, will cover sales and distribution expenses.

Adjustments

Market Value Adjustments <br>

We guarantee the contract value allocated to the GPAs, including interest credited, if you do not make any transfers or surrenders from the GPAs prior to 30 days before the end of the guarantee period. At all other times, and unless one of the exceptions described below applies, we will apply an MVA if you make certain transactions while you have contract value invested in a GPA. 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. <br>

No MVA will apply to:

• amounts surrendered under contract provisions that waive surrender charges for Hospital or Nursing Home Confinement and Terminal Illness Diagnosis; and

• amounts deducted for fees and charges.

The application of an MVA may result in either a gain or loss. You could lose up to 100% of the amount surrendered as a result of a negative MVA. Under certain death benefits, the value of the death benefit is reduced proportionally when you take a partial surrender based on the percentage of contract value that is withdrawn. If you request a partial surrender from the GPAs that will give you the net amount you requested after we apply any applicable MVA and surrender charge, the MVA could increase or decrease the percentage of contract value that is withdrawn. *In these circumstances, a negative MVA would increase the impact of a partial surrender on the value of the death benefit.* 

When you request an early surrender, we adjust the early surrender amount by an MVA formula. The MVA is sensitive to changes in current interest rates. The MVA, which can be zero, positive or negative, reflects the relationship between the guaranteed interest rate that applies to the GPA from which you are taking an early surrender and the interest rate we are then currently crediting on new GPAs that mature at the same time. The magnitude of any applicable MVA will depend on the difference in these current guaranteed interest rates at the time of the early surrender corresponding to the time remaining in your guarantee period and your guaranteed interest rate. If interest rates have increased, the MVA will generally be negative and the early surrender amount will be less; if interest rates have decreased, the MVA will generally be positive and the early surrender amount will be increased. This is summarized in the following table:

---

| | |
|:---|:---|
| **If your GPA rate is:** | **The MVA is:** |
| Less than the new GPA rate + 0.10% | Negative |
| Equal to the new GPA rate + 0.10% | Zero |
| Greater than the new GPA rate + 0.10% | Positive |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 33

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The precise MVA formula we apply is as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Early surrender amount** | **×** | [ | ( | **1 + i**<br><sup>(n/12)</sup> | **–1** | ] | **=** | **MVA** |
| **Early surrender amount** | **×** | [ | ( | **1 + j + .001**<br><sup>(n/12)</sup> | **–1** | ] | **=** | **MVA** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Where i | = | rate earned in the GPA from which amounts are being transferred or surrendered. |
| j | = | current rate for a new Guaranteed Period equal to the remaining term in the current Guarantee Period <br> (rounded up to the next year).<br>|
| n | = | number of months remaining in the current Guarantee Period (rounded up to the next month). |

---

Surrender charges and other charges applicable to your contract and optional benefit riders you have elected may also apply to an early surrender. As noted above, we do not apply MVAs to the amounts we deduct for fees and charges, including surrender charges. We will deduct any applicable surrender charge from your early surrender after applying the MVA. Please note that when you request an early surrender, we surrender an amount from your GPA that will give you the net amount you requested after we apply the MVA and any applicable surrender charge, unless you request otherwise.

Contact our Service Center at the number listed on the cover page of this prospectus for a quote of the impact an early surrender would have on your contract value. Values fluctuate daily and the actual MVA applied at the time an early surrender is processed may be more or less than the values quoted at the time of your call. Additional information about MVAs, including MVA examples, is located in the Statement of Additional Information ("SAI").

The MVA is intended to protect us from losses on the investments we hold to support our guaranteed interest rates when we must pay out amounts that are removed from the GPAs early.

Optional Benefit Charges

Optional Living Benefit Charges

Accumulation Benefit Rider Fee

We deduct an annual charge from your current value for this optional benefit only if you select it. The charge is calculated by multiplying the annual rider fee by the greater of your contract value or the minimum contract accumulation value. See table below for the applicable percentage.

We prorate this fee among the subaccounts and the fixed account (if applicable) in the same proportion as your interest in each bears to your total contract value, less any amounts invested in the Special DCA account. Such fee is only deducted from any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. The fee will only be deducted from the subaccounts in Washington. We will modify this prorated approach to comply with state regulations where necessary.

Once you elect the Accumulation Benefit rider, you may not cancel it and the charge will continue to be deducted through the end of the waiting period or when annuity payouts begin. If the contract is terminated for any reason or when annuity payouts begin, we will deduct the fee, adjusted for the number of calendar days coverage was in place since we last deducted the charge.

The Accumulation Benefit rider fee will not exceed a maximum fee of 2.50%.

We may change the rider fee at our discretion and on a nondiscriminatory basis.

We will not change the Accumulation Benefit rider fee in effect on your contract after the rider effective date unless:

(a) you choose the annual elective step-up or elective spousal continuation step-up after we have exercised our rights to increase the rider fee; or

(b) you change your PN program investment option after we have exercised our rights to increase the rider fee or vary the rider fee for each PN program investment option.

We exercised our right to increase the rider fee upon elective step-up or elective spousal continuation step-up and vary the fee depending on whether your contract value is invested in one of the Portfolio Navigator or Portfolio Stabilizer funds at the time of the elective step-up or spousal continuation step-up. You will pay the fee that is in effect on the valuation date we receive your written request to step-up. Currently, we waive our right to increase the fee for investment option changes. There is no assurance that we will not exercise our right in the future.

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34 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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If you request an elective step-up (including elective spousal continuation step-up) requests, 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.

---

| | | |
|:---|:---|:---|
| **Accumulation Benefit rider fee** | **Maximum** <br> **annual rider fee**<br>| **Initial annual rider fee** <br> **and annual rider fee for**<br> **elective step-ups before**<br> **10/20/12**<br>|
|  | 2.50% | 0.60% |

---

Current annual rider fees for elective step-up (including elective spousal continuation step-up) requests on/after 10/20/2012 are shown in the table below.

---

| | | |
|:---|:---|:---|
| **Elective step up date:** | **If invested in Portfolio Navigator fund** <br> **at the time of step-up:**<br>| **If invested in Portfolio Stabilizer fund** <br> **at the time of step-up:**<br>|
| 10/20/2012 – 11/17/2013 | 1.75% | n/a |
| 11/18/2013 – 10/17/2014 | 1.75% | 1.30% |
| 10/18/2014 – 06/30/2016 | 1.60% | 1.00% |
| 07/01/2016 – 10/15/2018 | 1.75% | 1.30% |
| 10/16/2018 – 12/29/2019 | 1.40% | 1.00% |
| 12/30/2019 – 07/20/2020 | 1.55% | 1.15% |
| 07/21/2020 and later | 2.50% | 2.25% |

---

If your annual rider fee changes during the contract year, on the next contract anniversary we will calculate an average rider fee that reflects the various fees that were in effect that year, adjusted for the number of calendar days each fee was in effect.

Subject to the terms of your contract, we reserve the right to further increase the rider fees to the maximum limit provided by your rider and to vary the rider fees based on the fund you select.

**The automatic step-up option available under your rider will *not* impact your rider fee.** 

Please see the "Optional Living Benefits — Accumulation Benefit Rider" section for a full description and rules applicable to elective and automatic step-up options under your rider.

The charge does not apply after the annuity payouts begin.

Withdrawal Benefit Rider Fee

We charge a fee for this optional feature only if you select it. The initial annual rider fee is 0.60%. The charge is calculated by multiplying the annual rider fee by your contract value on your contract anniversary. Remember, since the charge is taken on a contract anniversary all purchase payments received during the preceding calendar year will increase your charge. This is especially important to consider when you make purchase payments near your contract anniversary because the payment amount increases your contract value and will result in an increased rider anniversary charge. We prorate this fee among the subaccounts and the fixed account (if applicable) in the same proportion as your interest in each bears to your total contract value, less any amounts invested in the GPAs and in the Special DCA account. Such fee is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. The fee will only be deducted from the subaccounts in Washington. We will modify this prorated approach to comply with state regulations where necessary.

Once you elect the Withdrawal Benefit, you may not cancel it and the fee will continue to be deducted until the contract is terminated or annuity payouts begin. If the contract is terminated for any reason or when annuity payouts begin, we will deduct the Withdrawal Benefit fee, adjusted for the number of calendar days coverage was in place since we last deducted the fee. If the Remaining Benefit Amount (RBA) goes to zero but the contract value has not been depleted, you will continue to be charged.

The Withdrawal Benefit rider fee will not exceed a maximum of 2.50%.

We may increase the rider fee at our discretion and on a nondiscriminatory basis. However, any change to the rider fee will only apply to existing contract owners if:

(a) you choose the annual elective step-up or elective spousal continuation step-up after we have exercised our rights to increase the rider fee;

(b) you change your PN program investment option after we have exercised our rights to increase the rider fee and/or vary the rider fee for each PN program investment option.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 35

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Effective Dec. 18, 2013, we exercised our right to increase the rider fee and vary the fee depending on the fund to which your contract value is invested. Beginning Dec. 18, 2013, if you:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• request an elective step-up or the elective spousal continuation step-up, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• move to a Portfolio Navigator fund that is more aggressive than the Portfolio Navigator fund you are currently allocated to,

the fee that will apply to your rider will correspond to the fund in which you are currently invested as shown in the table below.

If you move to a Portfolio Navigator fund that is less aggressive than the Portfolio Navigator fund you are currently allocated to, your fee will not increase and may decrease according to the table below.

---

| | | | |
|:---|:---|:---|:---|
| **Fund name** | **Maximum annual rider fee** | **Initial annual rider fee** | **Current annual rider fee**<br> **as of 12/18/13**<br>|
| **Portfolio Stabilizer funds** | 2.50<br> %<br>| 0.60<br> %<br>| 0.60<br> %<br>|
| **Portfolio Navigator funds:** |  |  |  |
| Variable Portfolio – Conservative Portfolio (Class 2), (Class 4) | 2.50<br> %<br>| 0.60<br> %<br>| 0.60<br> %<br>|
| Variable Portfolio – Moderately Conservative Portfolio (Class 2), <br> (Class 4)<br>| 2.50<br> %<br>| 0.60<br> %<br>| 0.60<br> %<br>|
| Variable Portfolio – Moderate Portfolio (Class 2), (Class 4) | 2.50<br> %<br>| 0.60<br> %<br>| 0.60<br> %<br>|
| Variable Portfolio – Moderately Aggressive Portfolio (Class 2), <br> (Class 4)<br>| 2.50<br> %<br>| 0.60<br> %<br>| 0.90<br> %<br>|
| Variable Portfolio – Aggressive Portfolio (Class 2), (Class 4) | 2.50<br> %<br>| 0.60<br> %<br>| 1.05<br> %<br>|

---

On your next contract anniversary, if your contract value is allocated to a fund subject to a fee increase, you will have 30 days following the anniversary to choose from the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Remain invested in your current Portfolio Navigator fund and elect to step-up (when available) and lock in your contract gains. If you make this decision, your rider fee will increase.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Move to one of the Portfolio Stabilizer funds. If you do this, your rider fee will not increase, but remember that you will lose your access to invest in the Portfolio Navigator funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Do not elect a step-up, if eligible. You will not lock in contract gains, but your rider fee will stay the same.

For the enhanced rider, if during the 30 days following your contract anniversary, your contract value is allocated to a fund subject to a fee increase, we will automatically process any available step-up and lock in any contract gains, as well as reactivate automatic step-ups, when contract value is transferred:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. to a Portfolio Stabilizer fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. to a less aggressive Portfolio Navigator fund that is not subject to a fee increase, if applicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. to a more aggressive Portfolio Navigator fund.

For original riders, you must always elect to step-up your rider values. The step-up and lock in of any contract gains will occur as of the date of the transfer or withdrawal described above.

Rider fees may increase or decrease as you move to various funds. Your fee will increase if you transfer your contract value to a more aggressive Portfolio Navigator fund with a higher fee. If you transfer to a less aggressive Portfolio Navigator fund or transfer to a Portfolio Stabilizer fund, your fee may decrease. Certain rider fees may not change depending on the fund in which your contract value is allocated.

We will notify you in writing about your opportunity to <u>elect</u> to step-up (if eligible) and incur the higher rider fee or maintain your guaranteed amount at its current level and keep your rider fee the same. For original riders or enhanced rider subject to a fee increase, you will receive a letter from us approximately 30 days before your next annuity contract anniversary. This letter will describe the potential opportunity to elect a step-up to increase your guaranteed income and how to make the election if eligible. You will have a 30 day period beginning on your next contract anniversary to choose whether to step-up and accept the fee increase. For enhanced riders and original riders with contracts purchased on or after 4/29/2005 and if approved in your state, the step-up and new fee will be effective on the date we receive your request for the step-up (Step-up date). For original riders with contracts purchased before 4/29/2005, the step-up will be effective as of your contract anniversary and the fee for your rider will be the fee that was in effect for your current fund on the anniversary. For purposes of determining the duration of the "30 day window" following your contract anniversary to elect to step-up or to transfer funds to lock in any available contract gains, the following will apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the duration of your window is determined on a calendar day basis;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. under our current administrative process we will accept your request on the 31st calendar day if we receive it prior to the close of the NYSE; and

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36 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. if your window ends on a day the NYSE is closed, we must receive your request no later than the close of the NYSE on the preceding Valuation Date.

Under the enhanced rider, each year, we will continue to provide you written notice of your options with respect to elective step-ups and the fee increase until you are no longer subject to a fee increase. Once you have taken action that results in a higher fee, you will become eligible for automatic step-ups under the rider.

**Before you elect a step-up resulting in an increased rider fee, you should carefully consider the benefit of the contract value gains you are locking-in and the increased rider fee compared to your other options including whether it is appropriate to consider moving to a fund with a lower corresponding rider fee.** 

Subject to the terms of your contract, we reserve the right to further increase the rider fee up to the maximum limit provided by your rider. Currently, the rider fee does not vary among the Portfolio Stabilizer funds, but we reserve the right to vary the fees among the Portfolio Stabilizer funds in the future.

If you choose the elective step-up, the elective spousal continuation step-up, or change your investment option after we have exercised our rights to increase the rider fee as described above, you will pay the fee that is in effect on the effective date of your step-up or investment option change. On the next contract anniversary, we will calculate an average fee, for the preceding contract year only, that reflects the various different charges that were in effect that year, adjusted for the number of calendar days each fee was in effect.

The charge does not apply after the annuitization start date.

For an example of how your fee will vary upon elective step-up or spousal continuation step-up, please see Appendix D.

Optional Death Benefit Charges

ROPP Rider Fee

We charge a fee for this optional feature only if you select it.<sup>(1)</sup> If selected, we deduct an annual charge of 0.20% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA account. Such charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. In this case, we prorate the charge among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.30%.

If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year.

<sup>(1)</sup>

Available if you are 76 or older at the rider effective date. ROPP is included in the standard death benefit if you are age 75 or younger on the contract effective date at no additional cost.

MAV Rider Fee

We charge a fee for this optional feature only if you select it.<sup>(2)</sup> If selected, we deduct an annual charge of 0.25% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA account. Such charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. In this case, we prorate the charge among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.35%.

If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year.

<sup>(2)</sup>

Available if you are 75 or younger at the rider effective date. Not available with 5-Year MAV.

5-Year MAV Rider Fee

We charge a fee for this optional feature only if you select it.<sup>(3)</sup> If selected, we deduct an annual charge of 0.10% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA account. Such charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. In this case, we prorate the fee among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.20%.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 37

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If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year.

<sup>(3)</sup>

Available if you are 75 or younger at the rider effective date. Not available with MAV.

EEB Rider Fee

We charge a fee for this optional feature only if you select it.<sup>(4)</sup> If selected, we deduct an annual charge of 0.30% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and fixed accounts in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA account. Such charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. In this case, we prorate the charge among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.40%.

If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year.

<sup>(4)</sup>

Available if you are 75 or younger at the rider effective date. Not available with EEP. May not be available in all states.

EEP Rider Fee

We charge a fee for this optional feature only if you select it.<sup>(5)</sup> If selected, we deduct an annual charge of 0.40% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and fixed accounts in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA account. Such charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. In this case, we prorate the charge among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.50%.

If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year.

<sup>(5)</sup>

Available if you are 75 or younger at the rider effective date. Not available with EEB. May not be available in all states. EEP is only available on contracts purchased through a direct transfer or exchange of another annuity or a life insurance policy.

Rider Combination Discount

A fee discount of 0.05% applies if you purchase 5-Year MAV with either EEB or EEP. A fee discount of 0.10% applies if you purchase MAV with either EEB or EEP.

PN Rider Fee

Before May 10, 2010, we deducted an annual charge of 0.10% of your contract value less any excluded accounts on your contract anniversary at the end of each contract year. This fee is no longer applicable beginning May 10, 2010.

Fund Fees and Expenses

There are deductions from and expenses paid out of the assets of the funds that are described in the prospectuses for those funds.

Premium Taxes

Certain state and local governments impose premium taxes on us (up to 3.5%). These taxes depend upon your state of residence or the state in which the contract was issued. Currently, we deduct any applicable premium tax when annuity payouts begin, but we reserve the right to deduct this tax at other times such as when you make purchase payments or when you make a full surrender from your contract.

Valuing Your Investment

We value your accounts as follows:

GPA

We value the amounts you allocate to the GPA directly in dollars. The GPA value equals:

• the sum of your purchase payments and purchase payment credits allocated to the GPA;

• plus any amounts transferred to the GPA from the fixed account or subaccounts;

• plus interest credited;

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38 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• minus any amounts transferred from the GPA to the fixed account or any subaccount;

• minus any amounts deducted for charges or surrenders; and/or

• minus any remaining portion of fees where the values of the fixed account and the subaccounts are insufficient to cover those fees.

The Fixed Account

We value the amounts you allocate to the fixed account directly in dollars. The fixed account value equals:

• the sum of your purchase payments and purchase payment credits and transfer amounts allocated to the fixed account;

• plus interest credited;

• minus the sum of amounts surrendered (including any applicable surrender charges) and amounts transferred out (including any positive or negative MVA on amounts transferred from the GPAs);

• minus any prorated portion of the contract administrative charge;

• minus any prorated portion of the ROPP rider fee (if selected);

• minus any prorated portion of the MAV rider fee (if selected);

• minus any prorated portion of the 5-Year MAV rider fee (if selected);

• minus any prorated portion of the EEB rider fee (if selected);

• minus any prorated portion of the EEP rider fee (if selected);

• minus any prorated portion of the Accumulation Benefit rider fee (if selected)\*; and

• minus any prorated portion of the Withdrawal Benefit rider fee (if selected)\*.

\*

The fee can only be deducted from the subaccounts in Washington.

The Special DCA Account

We value the amounts you allocate to the Special DCA account directly in dollars. The Special DCA account value equals:

• the sum of your purchase payments and purchase payment credits allocated to the Special DCA account;

• plus interest credited;

• minus the sum of amounts surrendered (including any applicable surrender charges);

• minus amounts transferred out; and

• minus any remaining portion of fees where the values of the fixed account and the subaccounts are insufficient to cover those fees.

Subaccounts

We convert amounts you allocated to the subaccounts into accumulation units. Each time you make a purchase payment or transfer amounts into one of the subaccounts or we apply any purchase payment credits to a subaccount, we credit a certain number of accumulation units to your contract for that subaccount. Conversely, we subtract a certain number of accumulation units from your contract each time you take a partial surrender, transfer amounts out of a subaccount, or we assess a contract administrative charge, a surrender charge or charge for any optional riders with annual charges (if applicable).

The accumulation units are the true measure of investment value in each subaccount during the accumulation period. They are related to, but not the same as, the net asset value of the fund in which the subaccount invests. The dollar value of each accumulation unit can rise or fall daily depending on the variable account expenses, performance of the fund and on certain fund expenses. Here is how we calculate accumulation unit values:

**Number of units:** to calculate the number of accumulation units for a particular subaccount we divide your investment by the current accumulation unit value.

**Accumulation unit value:** the current accumulation unit value for each subaccount equals the last value times the subaccount's current net investment factor.

**We determine the net investment factor by:** 

• adding the fund's current net asset value per share, plus the per share amount of any accrued income or capital gain dividends to obtain a current adjusted net asset value per share; then

• dividing that sum by the previous adjusted net asset value per share; and

• subtracting the percentage factor representing the mortality and expense risk fee from the result.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 39

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Because the net asset value of the fund may fluctuate, the accumulation unit value may increase or decrease. You bear all the investment risk in a subaccount.

**Factors that affect subaccount accumulation units:** accumulation units may change in two ways — in number and in value.

The number of accumulation units you own may fluctuate due to:

• additional purchase payments you allocate to the subaccounts;

• any purchase payment credits allocated to the subaccounts;

• transfers into or out of the subaccounts (including any positive or negative MVA on amounts transferred from the GPAs);

• partial surrenders;

• surrender charges;

and a deduction of:

• a prorated portion of the contract administrative charge;

• a prorated portion of the ROPP rider charge (if selected);

• a prorated portion of the MAV rider charge (if selected);

• a prorated portion of the 5-Year MAV rider charge (if selected);

• a prorated portion of the EEB rider charge (if selected);

• a prorated portion of the EEP rider charge (if selected);

• a prorated portion of the Accumulation Benefit rider charge (if selected); and/or

• a prorated portion of the Withdrawal Benefit rider charge (if selected).

Accumulation unit values will fluctuate due to:

• changes in fund net asset value;

• fund dividends distributed to the subaccounts;

• fund capital gains or losses;

• fund operating expenses; and/or

• mortality and expense risk fees.

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40 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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Making the Most of Your Contract

Automated Dollar-Cost Averaging

Currently, you can use automated transfers to take advantage of dollar-cost averaging (investing a fixed amount at regular intervals). Automated transfers from the fixed account to the subaccounts under automated dollar-cost averaging may not exceed an amount that, if continued, would deplete the fixed account within 12 months. For example, you might transfer a set amount monthly from a relatively conservative subaccount to a more aggressive one, or to several others, or from the fixed account to one or more subaccounts. You may not set up an automated transfer to or from the GPAs. You may not set up an automated transfer to the fixed account or the Special DCA account. You may not set up an automated transfer if the Withdrawal Benefit, Accumulation Benefit or PN program is in effect. There is no charge for dollar-cost averaging.

This systematic approach can help you benefit from fluctuations in accumulation unit values caused by fluctuations in the market values of the funds. Since you invest the same amount each period, you automatically acquire more units when the market value falls and fewer units when it rises. The potential effect is to lower your average cost per unit.

**How dollar-cost averaging works** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| By investing an equal number <br> of dollars each month<br>|  | **Month** | &nbsp;&nbsp;&nbsp;&nbsp; **Amount**<br> **invested**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Accumulation**<br> **unit value**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number**<br> **of units**<br> **purchased**<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Feb | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.56 |
| you automatically buy<br> more units when the<br> per unit market price is low |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mar | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.88 |
| you automatically buy<br> more units when the<br> per unit market price is low | &nbsp;&nbsp;&nbsp;&nbsp; → | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apr | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.67 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; May | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.25 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.56 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; July | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.88 |
| and fewer units<br> when the per unit<br> market price is high. |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aug | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.26 |
| and fewer units<br> when the per unit<br> market price is high. | &nbsp;&nbsp;&nbsp;&nbsp; → | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sept | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.76 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oct | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00 |

---

You paid an average price of $17.91 per unit over the 10 months, while the average market price actually was $18.10.

Dollar-cost averaging does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. Because dollar-cost averaging involves continuous investing, your success will depend upon your willingness to continue to invest regularly through periods of low price levels. Dollar-cost averaging can be an effective way to help meet your long-term goals. For specific features contact your financial advisor.

Special Dollar-Cost Averaging (Special DCA) Program

If your purchase payment is at least $10,000, you can choose to participate in the Special DCA program (if available). There is no charge for the Special DCA program. Under the Special DCA program, you can allocate a new purchase payment and any applicable purchase payment credit to a six-month Special DCA account according to the following rules:

• You may only allocate a new purchase payment of at least $10,000 to a Special DCA account.

• You cannot transfer existing contract values into a Special DCA account.

• Each Special DCA arrangement consists of six monthly transfers that begin seven days after we receive your purchase payment.

• We make monthly transfers of your Special DCA account value into the subaccounts you select.

• You may not use the fixed account, GPA account, or the Special DCA account as a destination for the Special DCA monthly transfer. (Exception: if the PN program is in effect and the PN program model portfolio you have selected, if applicable, includes the fixed account, amounts will be transferred from the Special DCA account to the fixed account according to the allocation percentage established for the PN program model portfolio you have selected.)

• We will change the interest rate on each Special DCA account from time to time at our discretion based on factors that include the competition and the interest rate we are crediting to the fixed account at the time of the change. From time to time, we may credit interest to the Special DCA account at promotional rates that are higher than those we credit to the regular fixed account.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 41

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• We credit each Special DCA account with the current guaranteed annual rate that is in effect on the date we receive your purchase payment. However, we credit this annual rate over the length of the Special DCA arrangement on the balance remaining in your Special DCA account. Therefore, the net effective interest rate you receive is less than the stated annual rate.

• We do not credit this interest after we transfer the value out of the Special DCA account into the accounts you selected.

• Once you establish a Special DCA account, you cannot allocate additional purchase payments to it. However, you may establish another new Special DCA account (if available on the valuation date we receive your payment) and allocate new purchase payments to it.

• Funding from multiple sources is treated as individual purchase payments and a new Special DCA account is opened for each payment (if the Special DCA accounts are available on the valuation date we receive your payment).

• You may terminate your participation in the Special DCA program at any time. If you do, we will transfer the remaining balance from your Special DCA account to the fixed account. Interest will be credited according to the rates in effect on the fixed account and not the rate that was in effect on the Special DCA account. (Exception: if the PN program is in effect when you elect to end your participation in the Special DCA program, we will transfer the remaining balance to the PN program investment option you have selected).

• We can modify the terms or discontinue the Special DCA program at any time. Any modifications will not affect any purchase payments that are already in a Special DCA account. For more information on the Special DCA program, contact your financial advisor.

The Special DCA program does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. Because dollar-cost averaging involves continuous investing, your success will depend upon your willingness to continue to invest regularly through periods of low price levels. Dollar-cost averaging can be an effective way to help meet your long-term goals.

For an example of how Special DCA dollar-cost averaging works, see table below showing the Special DCA fixed account.

**How Special dollar-cost averaging works** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| By spreading the investment<br> over the term of the<br> Special DCA<br>|  | **Date** | &nbsp;&nbsp; **SDCA**<br> **Balance**<br>| &nbsp;&nbsp; **Portion**<br> **Transferred**<br>| &nbsp;&nbsp; **Amount**<br> **Transferred**<br>| &nbsp;&nbsp; **Accumulation**<br> **unit value**<br>| &nbsp;&nbsp; **Number**<br> **of units**<br> **purchased**<br>|
| you automatically buy<br> more units when the<br> per unit market price is low |  | &nbsp;&nbsp;&nbsp; Jan 15 | &nbsp;&nbsp;&nbsp; $10000.00 |  |  |  |  |
| you automatically buy<br> more units when the<br> per unit market price is low |  | &nbsp;&nbsp;&nbsp; Jan 22 | &nbsp;&nbsp;&nbsp; 10002.86 | &nbsp;&nbsp;&nbsp; 1/6 | &nbsp;&nbsp;&nbsp; $1667.14 | &nbsp;&nbsp;&nbsp; $18 | &nbsp;&nbsp;&nbsp;&nbsp;92.62 |
| you automatically buy<br> more units when the<br> per unit market price is low | &nbsp;&nbsp; → | &nbsp;&nbsp;&nbsp; Feb 22 | &nbsp;&nbsp;&nbsp; 8346.26 | &nbsp;&nbsp;&nbsp; 1/5 | &nbsp;&nbsp;&nbsp; 1669.25 | &nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;111.28 |
| and fewer units<br> when the per unit<br> market price is high. |  | &nbsp;&nbsp;&nbsp; Mar 22 | &nbsp;&nbsp;&nbsp; 6684.64 | &nbsp;&nbsp;&nbsp; 1/4 | &nbsp;&nbsp;&nbsp; 1671.16 | &nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp;87.96 |
| and fewer units<br> when the per unit<br> market price is high. |  | &nbsp;&nbsp;&nbsp; April 22 | &nbsp;&nbsp;&nbsp; 5019.83 | &nbsp;&nbsp;&nbsp; 1/3 | &nbsp;&nbsp;&nbsp; 1673.28 | &nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp;98.43 |
| and fewer units<br> when the per unit<br> market price is high. | &nbsp;&nbsp; → | &nbsp;&nbsp;&nbsp; May 22 | &nbsp;&nbsp;&nbsp; 3350.64 | &nbsp;&nbsp;&nbsp; 1/2 | &nbsp;&nbsp;&nbsp; 1675.32 | &nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp;79.78 |
|  |  | &nbsp;&nbsp;&nbsp; Jun 22 | &nbsp;&nbsp;&nbsp; 1677.44 | &nbsp;&nbsp;&nbsp; 1/1 | &nbsp;&nbsp;&nbsp; 1677.44 | &nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp;83.87 |

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You paid an average price of $18.11. per unit over the 6 months, while the average market price actually was $18.33.

Asset Rebalancing

You can ask us in writing to have the variable subaccount portion of your contract value allocated according to the percentages (in tenth of a percent amounts) that you choose. We automatically will rebalance the variable subaccount portion of your contract value either quarterly, semi-annually, or annually. The period you select will start to run on the date we record your request. On the first valuation date of each of these periods, we automatically will rebalance your contract value so that the value in each subaccount matches your current subaccount percentage allocations. These percentage allocations must be more than one digit past the decimal numbers. Asset rebalancing does not apply to the GPAs, fixed account or the Special DCA account. There is no charge for asset rebalancing. The contract value must be at least $2,000.

You can change your percentage allocations or your rebalancing period at any time by contacting us in writing. We will restart the rebalancing period you selected as of the date we record your change. You also can ask us in writing or by any other method acceptable to us, to stop rebalancing your contract value. You must allow 30 days for us to change any instructions that currently are in place. For more information on asset rebalancing, contact your financial advisor.

Different rules apply to asset rebalancing under an asset allocation program (see "Asset Allocation Program" and "Portfolio Navigator Program and Portfolio Stabilizer Funds" below).

Asset Allocation Program

**(For contracts purchased prior to Nov. 1, 2005)** 

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42 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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For contracts purchased before Nov. 1, 2005, we offered an asset allocation program. You could elect to participate in the asset allocation program and there was no additional charge. If you purchased an optional Withdrawal Benefit rider, you were required to participate in the asset allocation program under the terms of the rider. The asset allocation program described in this section has been replaced with the PN program for all contracts. The following describes the program that existed prior to Nov. 1, 2005.

This asset allocation program allows you to allocate your contract value to a model portfolio that consists of subaccounts and may include the fixed account and certain GPAs, (if available under the asset allocation program) which represent various asset classes. By spreading your contract value among these various asset classes, you may be able to reduce the volatility in your contract value, but there is no guarantee that this will occur.

Asset allocation does not guarantee that your contract will increase in value nor will it protect against a decline in value if market prices fall. You are responsible for determining which model portfolio is best for you. Your sales representative can help you make this determination. In addition, your financial advisor may provide you with a questionnaire, a tool that can help you determine which model portfolio is suited to your needs based on factors such as your investment goals, your tolerance for risk, and how long you intend to invest.

Currently, there are five model portfolios ranging from conservative to aggressive. You may not use more than one model portfolio at a time. You are allowed to request a change to another model portfolio twice per contract year. Each model portfolio specifies allocation percentages to each of the subaccounts, the fixed account and/or any GPAs that make up that model portfolio. By participating in the program, you authorize us to invest your contract value in the subaccounts, the fixed account and/or any GPAs (if included) according to the allocation percentages stated for the specific model portfolio you have selected. You also authorize us to automatically rebalance your contract value quarterly in order to maintain alignment with the allocation percentages specified in the model portfolio.

Special rules will apply to the GPAs if they are included in a model portfolio. Under these rules:

• no MVA will apply when rebalancing occurs within a specific model portfolio (but an MVA will apply if you elect to transfer to a new model portfolio);

• no MVA will apply if you reallocate your contract value according to an updated model portfolio; and

• no MVA will apply when you elect an annuity payout plan while your contract value is invested in a model portfolio (see "Charges and Adjustments – Adjustments – Market Value Adjustments").

If you initially allocate qualifying purchase payments and applicable purchase payment credits to the Special DCA account, when available, (see "The Special DCA Account") and you are participating in the asset allocation program, we will make monthly transfers from the Special DCA account into the model portfolio you have chosen.

You may not discontinue your participation in the asset allocation program; however, you have the right at all times to make a full surrender of your contract value (see "Surrenders").

Because the Withdrawal Benefit rider requires that your contract value be invested in one of the model portfolios for the life of the contract, and you cannot terminate the Withdrawal Benefit rider once you have selected it, you must terminate your contract by requesting a full surrender if you no longer wish to participate in any of the model portfolios. Surrender charges and tax penalties may apply. **Therefore, you should not select the Withdrawal Benefit rider if you do not intend to continue participating in one of the model portfolios for the life of the contract.** 

Under the asset allocation program, the subaccounts, the fixed account and/or any GPAs (if included) that make up the model portfolio you selected and the allocation percentages to those subaccounts, the fixed account and/or any GPAs (if included) will not change unless we adjust the composition of the model portfolio to reflect the liquidation, substitution or merger of an underlying fund, a change of investment objective by an underlying fund or when an underlying fund stops selling its shares to the variable account. We reserve the right to change the terms and conditions of the asset allocation program upon written notice to you.

If permitted under applicable securities law, we reserve the right to:

• reallocate your current model portfolio to an updated version of your current model portfolio; or

• substitute a fund of funds for your current model portfolio.

We also reserve the right to discontinue the asset allocation program. We will give you 30 days' written notice of any such change.

Portfolio Navigator Program (PN Program) and Portfolio Stabilizer Funds

**PN Program.** You are required to participate in the PN program if your contract includes optional living benefit riders. Under the PN program your contract value is allocated to a PN program investment option. The PN program investment options are currently five funds of funds, each of which invests in underlying funds in proportions that vary among the funds of funds in light of each fund of funds' investment objective ("Portfolio Navigator funds").

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The PN program is available for both nonqualified and qualified annuities. The PN program also allows those who participated in a previous version of the PN program and who previously opted out of the transfer of their contract value to Portfolio Navigator funds to remain invested in accordance with a "static" PN program model portfolio investment option that is not subject to updating or reallocation. For more information on the static model portfolios, see "The static model portfolios" below.

**The Portfolio Navigator funds.** We offer the following Portfolio Navigator funds:

1. Variable Portfolio – Aggressive Portfolio

2. Variable Portfolio – Moderately Aggressive Portfolio

3. Variable Portfolio – Moderate Portfolio

4. Variable Portfolio – Moderately Conservative Portfolio

5. Variable Portfolio – Conservative Portfolio

Each Portfolio Navigator fund is a fund of funds with the investment objective of seeking a high level of total return consistent with a certain level of risk, which it seeks to achieve by investing in various underlying funds. For additional information about the Portfolio Navigator funds' investment strategies, see the Funds' prospectus.

If your contract does not include one of the living benefit riders, you may not participate in the PN program, but you may choose to allocate your contract value to one or more of the Portfolio Navigator funds.

Beginning November 18, 2013, if you have selected one of the optional living benefit riders, as an alternative to the Portfolio Navigator funds in the PN program, we have made available to you additional new funds, known as Portfolio Stabilizer funds.**The Portfolio Stabilizer funds.** The following Portfolio Stabilizer funds currently available are:

1. Variable Portfolio – Managed Risk Fund (Class 2)<sup>(1)</sup>

2. Variable Portfolio – Managed Risk U.S. Fund (Class 2) <sup>(1)</sup>

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) <sup>(1)</sup>

8. Variable Portfolio – U.S. Flexible Moderate Growth Fund (Class 2)<sup>(1)</sup>

9. Variable Portfolio – U.S. Flexible Conservative Growth Fund (Class 2)<sup>(1)</sup>

 <sup>(1)</sup> Available on or after Sept. 18, 2017.

Each Portfolio Stabilizer fund has an investment objective of pursuing total return while seeking to manage the Fund's exposure to equity market volatility. For additional information about the Portfolio Stabilizer funds' investment strategies, see the Funds' prospectuses.

You may choose to remain invested in your current Portfolio Navigator fund, move to a different Portfolio Navigator fund, or move to a Portfolio Stabilizer fund. Your decision should be made based on your own individual investment objectives and financial situation, and in consultation with your financial adviser.

**Please note that if you are currently invested in a Portfolio Navigator fund as part of the PN program and choose to reallocate your contract value to a Portfolio Stabilizer fund, you will no longer have access to any of the Portfolio Navigator funds, but you may change to any one of the other Portfolio Stabilizer funds, subject to the transfer limits applicable to your rider.** 

If your contract does not include living benefit riders, you may not participate in the PN program, but you may choose to allocate your contract value to one or more of the Portfolio Navigator funds. Beginning May 1, 2015, you may also choose to allocate your contract value to one or more of the Portfolio Stabilizer funds.

You should review any PN program, Portfolio Navigator and Portfolio Stabilizer funds information, including Funds' prospectuses, carefully. Your financial advisor can provide you with additional information and can answer questions you may have on the PN program, Portfolio Navigator and Portfolio Stabilizer funds.

**PN Program static model portfolios.** If you have chosen to remain invested in a "static" PN program model portfolio, your assets will remain invested in accordance with your current model portfolio, and you will not be provided with any updates to the model portfolio or reallocation recommendations. (The last such reallocation recommendation was provided in 2009.) Each model portfolio consists of underlying funds and/or any GPAs (if included) in accordance with the allocation percentages stated for the model portfolio. By participating in the PN program through a model portfolio, you have instructed us to automatically rebalance your contract value quarterly in order to maintain alignment with these allocation percentages.

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Special rules apply to the GPAs if they are included in a model portfolio. Under these rules:

• no MVA will apply when rebalancing occurs within a specific model portfolio (but an MVA may apply if you elect to transfer to a fund of funds);

• no MVA will apply when you elect an annuity payout plan while your contract value is invested in a model portfolio. (See "Charges and Adjustments – Adjustments – Market Value Adjustments").

If you choose to remain in a static model portfolio, the investments and investment styles and policies of the underlying funds in which your contract value is invested may change. Accordingly, your model portfolio may change so that it is no longer appropriate for your needs, even though your allocations to underlying funds do not change. Furthermore, the absence of periodic updating means that existing underlying funds will not be replaced as may be appropriate due to poor performance, changes in management personnel, liquidation, merger or other factors. Your financial advisor can help you determine whether your continued investment in a static model portfolio is appropriate for you.

**Investing in the Portfolio Stabilizer funds, the Portfolio Navigator funds and PN program static model portfolios (the Funds).** You are responsible for determining which investment option is best for you. Currently, the PN program includes five Portfolio Navigator funds (and under the previous PN program, five static model portfolios investment options), with risk profiles ranging from conservative to aggressive in relation to one another. There are nine Portfolio Stabilizer funds currently available. If your contract includes a living benefit rider you may only invest in one Portfolio Navigator fund at a time. If your contract includes a living benefit rider and you invest in Portfolio Stabilizer fund, effective Sept. 18, 2017, you may invest in more than one Portfolio Stabilizer fund at a time. Your financial advisor can help you determine which investment option most closely matches your investing style, based on factors such as your investment goals, your tolerance for risk and how long you intend to invest. There is no guarantee that the investment option you select is appropriate for you based on your investment objectives and/or risk profile. We and Columbia Management are not responsible for your decision to select a certain investment option or your decision to transfer to a different investment option.

If you initially allocate qualifying purchase payments to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and you are invested in one of the Portfolio Stabilizer or Portfolio Navigator funds, we will make monthly transfers in accordance with your instructions from the Special DCA fixed account, into the investment option or model portfolio you have chosen.

Before you decide to transfer contract value to one of the Portfolio Stabilizer funds, you and your financial advisor should carefully consider the following:

• Whether the Portfolio Stabilizer fund meets your personal investment objectives and/or risk tolerance.

• Whether you would like to continue to invest in a Portfolio Navigator fund. If you decide to transfer your contract value to a Portfolio Stabilizer fund, you permanently lose your ability to invest in any of the Portfolio Navigator funds if you have a living benefit rider. If you decide to no longer invest your contract value in the Portfolio Stabilizer funds, your only option will be to terminate your contract by requesting a full surrender. **Surrender charges and tax penalties may apply.** 

• Whether the total expenses associated with an investment in a Portfolio Stabilizer fund is appropriate for you. For total expenses associated with the rider, you should consider not only the variation of the rider fee, but also the variation in fees among the various funds. You should also consider your overall investment objective, as well as how total fees and your selected fund's investment objective may impact the amount of any step up opportunities in the future.

If your contract includes a living benefit rider, you may request a change to your Fund selection up to four times per contract year by written request on an authorized form or by another method agreed to by us. If you make such a change, we may charge you a higher fee for your rider. However, an initial transfer from a Portfolio Navigator fund to a Portfolio Stabilizer fund will not count toward the limit of four transfers per year. If you decide to annuitize your contract, your rider will terminate and you will no longer have access to the Portfolio Stabilizer funds.

**Substitution and modification.** We reserve the right to add, remove or substitute Funds. We also reserve the right, upon notification to you, to close or restrict any Fund. Any change will apply to current allocations and/or to future payments and transfers. If your living benefit rider is terminated, you may remain invested in the Portfolio Stabilizer funds, but you will not be allowed to allocate future purchase payments or make transfers to these funds. Any substitution of Funds may be subject to SEC or state insurance departments approval.

We reserve the right to change the terms and conditions of the PN program or to change the availability of the investment options upon written notice to you. This includes but is not limited to the right to:

• limit your choice of investment options based on the amount of your initial purchase payment;

• cancel required participation in the program after 30 days written notice;

• substitute a fund of funds for your model portfolio, if applicable, if permitted under applicable securities law; and

• discontinue the PN program after 30 days written notice.

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**Risks associated with the Funds.** An investment in a Fund involves risk. Principal risks associated with an investment in a Fund may be found in the relevant Fund's prospectus. There is no assurance that the Funds will achieve their respective investment objectives. In addition, there is no guarantee that the Fund's strategy will have its intended effect or that it will work as effectively as is intended.

Investing in the Funds does not guarantee that your contract will increase in value nor will it protect in a decline in value if market prices fall. Depending on future market conditions and considering only the potential return on your investment in the Fund, you might benefit (or benefit more) from selecting alternative investment options.

For more information and a list of the risks associated with investing in the Funds, including volatility and volatility management risk associated with Portfolio Stabilizer funds, please consult the applicable Funds' prospectuses and "The Variable Account and the Funds – Conflicts of Interest with Certain Funds Advised by Columbia Management" section in this prospectus.

**Conflicts of interest.** In providing investment advisory services for the Funds and the underlying funds in which those Funds respectively invest, Columbia Management is, together with its affiliates, including us, subject to competing interests that may influence its decisions.

For additional information regarding the conflicts of interest to which Columbia Management may be subject, see the Funds' prospectuses and "The Variable Account and the Funds – Conflicts of Interest with Certain Funds Advised by Columbia Management" section in this prospectus.

**Living benefit riders requiring participation in the PN program or investing in the Portfolio Stabilizer funds:** 

• **Accumulation Benefit rider:** You cannot terminate the Accumulation Benefit rider. As long as the Accumulation Benefit rider is in effect, your contract value must be invested in one of the PN program investment options or in the Portfolio Stabilizer funds. The Accumulation Benefit rider automatically ends at the end of the waiting period and you then have the option to cancel your participation in the PN program. At all other times, if you do not want to invest in any of the PN program investment options or the Portfolio Stabilizer funds, you must terminate your contract by requesting a full surrender. Surrender charges and tax penalties may apply.

• **Withdrawal Benefit rider:** The Withdrawal Benefit rider requires that your contract value be invested in one of the PN program investment options or in the Portfolio Stabilizer funds for the life of the contract. Subject to state restrictions, we reserve the right to limit the number of investment options from which you can select based on the dollar amount of purchase payments you make. Because you cannot terminate the Withdrawal Benefit rider once you have selected it, you must terminate your contract by requesting a full surrender if you do not want to invest in any of the PN program investment options or the Portfolio Stabilizer funds. Surrender charges and tax penalties may apply.

Transferring Among Accounts

The transfer rights discussed in this section do not apply if you have selected one of the optional living benefit riders.

You may transfer contract value from any one subaccount, GPAs or the fixed account, to another subaccount before annuity payouts begin. Certain restrictions apply to transfers involving the GPAs and the fixed account.

The date your request to transfer will be processed depends on when and how we receive it:

For transfer requests received in writing:

• If we receive your transfer request at our Service Center in good order before the close of business, we will process your transfer using the accumulation unit value we calculate on the valuation date we received your transfer request.

• If we receive your transfer request at our Service Center in good order at or after the close of business, we will process your transfer using the accumulation unit value we calculate on the next valuation date after we received your transfer request.

For transfer requests received by phone:

• If we receive your transfer request at our Service Center in good order before the close of the NYSE, we will process your transfer using the accumulation unit value we calculate on the valuation date we received your transfer request.

• If we receive your transfer request at our Service Center in good order at or after the close of the NYSE, we will process your transfer using the accumulation unit value we calculate on the next valuation date after we received your transfer request.

There is no charge for transfers. Before making a transfer, you should consider the risks involved in changing investments. Transfers out of the GPAs will be subject to an MVA if done more than 30 days before the end of the guarantee period.

Subject to state regulatory requirements, we may suspend or modify transfer privileges at any time.

For information on transfers after annuity payouts begin, see "Transfer policies" below.

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**Transfer Policies** 

• Before annuity payouts begin, you may transfer contract values between the subaccounts, or from the subaccounts to the GPAs and fixed account at any time. The amount transferred to any GPA must be at least $1,000. However, if you made a transfer from the fixed account to the subaccounts or the GPAs, you may not make a transfer from any subaccount or GPA back to the fixed account until the next contract anniversary. We have reserved the right to limit transfers to the regular fixed account if the interest rate we are then currently crediting to the regular fixed account is equal to the minimum interest rate stated in the contract. Effective on April 6, 2020<sup>(1)</sup>, if the fixed account minimum interest rate stated in your contract is 3%, transfers to the fixed account (if allowed under your contract), are limited so the amount of contract value transferred to the fixed account cannot result in the value of the fixed account being greater than 20% of the contract value. If the fixed account is currently 20% or more of the contract value, we will not accept any transfers to the fixed account. If the fixed account is 20% or more of the contract value, you will not be required to transfer out of the fixed account. Additional transfers into the fixed account will not be allowed unless the value of the fixed account drops to less than 20% of the contract value.

&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup>

This restriction does not apply to contracts issued in Massachusetts.

• You may transfer contract values from the fixed account to the subaccounts or the GPAs once a year during a 31-day transfer period starting on each contract anniversary (except for automated transfers, which can be set up at any time for certain transfer periods subject to certain minimums). Transfers from the fixed account are not subject to an MVA.

Currently, transfers out of the fixed account are limited to the greater of: a) 30% of the fixed account value at the beginning of the contract year, or b) the amount transferred out of the fixed account in the previous contract year, excluding any automated transfer amounts. Because of this limitation, it may take you several years to transfer all your contract value from the fixed account. You should carefully consider whether the fixed account meets your investment criteria before you invest. If an automated dollar-cost averaging arrangement is established at contract issue, the 30% limitation does not apply to transfers made from the fixed account to the subaccounts for the duration of this initial arrangement.

• You may transfer contract values from any GPA to the subaccounts, fixed account or other GPA any time after 60 days of transfer or payment allocation into such GPA. Transfers made more than 30 days before the end of the guarantee period will receive an MVA, which may result in a gain or loss of contract value, unless an exception applies (see "Charges and Adjustments – Adjustments – Market Value Adjustments.")

• If we receive your request within 30 days before the contract anniversary date, the transfer from the fixed account to the subaccounts will be effective on the anniversary.

• If we receive your request on or within 30 days after the contract anniversary date, the transfer from the fixed account to the subaccounts or GPAs will be effective on the valuation date we receive it.

• We will not accept requests for transfers from the fixed account at any other time.

• You may not make a transfer to the Special DCA account.

• Once annuity payouts begin, you may not make transfers to or from the GPAs or the fixed account, but you may make transfers once per contract year among the subaccounts. During the annuity payout period, you cannot invest in more than five subaccounts at any one time unless we agree otherwise. When annuity payments begin, you must transfer all contract value out of any GPAs and Special DCAs.

**Market Timing** 

Market timing can reduce the value of your investment in the contract. If market timing causes the returns of an underlying fund to suffer, contract value you have allocated to a Subaccount that invests in that underlying fund will be lower too. Market timing can cause you, any joint owner of the contract and your beneficiary(ies) under the contract a financial loss.

**We seek to prevent market timing. Market timing is frequent or short-term trading activity. We do not accommodate short-term trading activities. Do not buy a contract if you wish to use short-term trading strategies to manage your investment. The market timing policies and procedures described below apply to transfers among the Subaccounts within the contract. The underlying funds in which the Subaccounts invest have their own market timing policies and procedures. The market timing policies of the underlying funds may be more restrictive than the market timing policies and procedures we apply to transfers among the Subaccounts of the contract, and may include redemption fees. We reserve the right to modify our market timing policies and procedures at any time without prior notice to you.** 

Market timing may hurt the performance of an underlying fund in which a Subaccount invests in several ways, including but not necessarily limited to:

• diluting the value of an investment in an underlying fund in which a Subaccount invests;

• increasing the transaction costs and expenses of an underlying fund in which a Subaccount invests; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• preventing the investment adviser(s) of an underlying fund in which a Subaccount invests from fully investing the assets of the Fund in accordance with the Fund's investment objectives.

Funds available as investment options under the contract that invest in securities that trade in overseas securities markets may be at greater risk of loss from market timing, as market timers may seek to take advantage of changes in the values of securities between the close of overseas markets and the close of U.S. markets. Also, the risks of market timing may be greater for underlying funds that invest in securities such as small cap stocks, high yield bonds, or municipal securities, that may be traded infrequently.

**In order to help protect you and the underlying funds from the potentially harmful effects of market timing activity, we apply the following market timing policy to discourage frequent transfers of contract value among the Subaccounts of the Variable Account:** 

We try to distinguish market timing from transfers that we believe are not harmful, such as periodic rebalancing for purposes of an asset allocation, dollar-cost averaging and asset rebalancing program that may be described in this prospectus. There is no set number of transfers that constitutes market timing. Even one transfer in related accounts may be market timing. We seek to restrict the transfer privileges of a contract owner who makes more than three Subaccount transfers in any 90-day period. We also reserve the right to refuse any transfer request, if, in our sole judgment, the dollar amount of the transfer request would adversely affect unit values.

If we determine, in our sole judgment, that your transfer activity constitutes market timing, we may modify, restrict or suspend your transfer privileges to the extent permitted by applicable law, which may vary based on the state law that applies to your contract and the terms of your contract. These restrictions or modifications may include, but not be limited to:

• requiring transfer requests to be submitted only by first-class U.S. mail;

• not accepting hand-delivered transfer requests or requests made by overnight mail;

• not accepting telephone or electronic transfer requests;

• requiring a minimum time period between each transfer;

• not accepting transfer requests of an agent acting under power of attorney;

• limiting the dollar amount that you may transfer at any one time;

• suspending the transfer privilege; or

• modifying instructions under an automated transfer program to exclude a restricted fund if you do not provide new instructions.

Subject to applicable state law and the terms of each contract, we will apply the policy described above to all contract owners uniformly in all cases. We will notify you in writing after we impose any modification, restriction or suspension of your transfer rights.

Because we exercise discretion in applying the restrictions described above, we cannot guarantee that we will be able to identify and restrict all market timing activity. In addition, state law and the terms of some contracts may prevent us from stopping certain market timing activity. Market timing activity that we are unable to identify and/or restrict may impact the performance of the underlying funds and may result in lower contract values.

**In addition to the market timing policy described above, which applies to transfers among the Subaccounts within your contract, you should carefully review the market timing policies and procedures of the underlying funds. The market timing policies and procedures of the underlying funds may be materially different than those we impose on transfers among the Subaccounts within your contract and may include mandatory redemption fees as well as other measures to discourage frequent transfers. As an intermediary for the underlying funds, we are required to assist them in applying their market timing policies and procedures to transactions involving the purchase and exchange of Fund shares. This assistance may include but not be limited to providing the underlying fund upon request with your Social Security Number, Taxpayer Identification Number or other United States government-issued identifier and the details of your contract transactions involving the underlying fund. An underlying fund, in its sole discretion, may instruct us at any time to prohibit you from making further transfers of contract value to or from the underlying fund, and we must follow this instruction. We reserve the right to administer and collect on behalf of an underlying fund any redemption fee imposed by an underlying fund. Market timing policies and procedures adopted by underlying funds may affect your investment in the contract in several ways, including but not limited to:** 

• Each Fund may restrict or refuse trading activity that the Fund determines, in its sole discretion, represents market timing.

• Even if we determine that your transfer activity does not constitute market timing under the market timing policies described above which we apply to transfers you make under the contract, it is possible that the underlying fund's market timing policies and procedures, including instructions we receive from a Fund, may require us to reject your transfer request. For example, we will attempt to execute transfers permitted under any asset allocation, dollar-cost averaging and asset rebalancing programs that may be described in this prospectus, we cannot guarantee that an

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underlying fund's market timing policies and procedures will do so. Orders we place to purchase Fund shares for the Variable Accounts are subject to acceptance by the Fund. We reserve the right to reject without prior notice to you any transfer request if the Fund does not accept our order.

• Each underlying fund is responsible for its own market timing policies, and we cannot guarantee that we will be able to implement specific market timing policies and procedures that a Fund has adopted. As a result, a Fund's returns might be adversely affected, and a Fund might terminate our right to offer its shares through the Variable Account.

• Funds that are available as investment options under the contract may also be offered to other intermediaries who are eligible to purchase and hold shares of the Fund, including without limitation, separate accounts of other insurance companies and certain retirement plans. Even if we are able to implement a Fund's market timing policies, we cannot guarantee that other intermediaries purchasing that same Fund's shares will do so, and the returns of that Fund could be adversely affected as a result.

**For more information about the market timing policies and procedures of an underlying fund, the risks that market timing pose to that Fund, and to determine whether an underlying fund has adopted a redemption fee, see that Fund's prospectus.**

How to Request a Transfer or Surrender

**1 By automated transfers and automated partial surrenders**

Your financial advisor can help you set up automated transfers or partial surrenders among your subaccounts or fixed account (if available).

You can start or stop this service by written request or other method acceptable to us. You must allow 30 days for us to change any instructions that are currently in place.

• Automated transfers to the GPAs, the fixed account or the Special DCA account are not allowed.

• Automated transfers from the fixed account to the subaccounts under an automated dollar-cost averaging arrangement may not exceed an amount that, if continued, would deplete the fixed account within 12 months.

• Automated surrenders may be restricted by applicable law under some contracts.

• You may not make additional systematic payments if automated partial surrenders are in effect.

• Automated partial surrenders may result in income taxes and penalties on all or part of the amount surrendered.

• The balance in any account from which you make an automated transfer or automated partial surrender must be sufficient to satisfy your instructions. If not, we will suspend your entire automated arrangement until the balance is adequate.

• If we must suspend your automated transfer or automated partial surrender arrangement for six months, we reserve the right to discontinue the arrangement in its entirety.

• If the PN program is in effect, you are not allowed to set up automated transfers except in connection with a Special DCA account.

• If you have Withdrawal Benefit rider, you may set up automated partial surrenders up to the benefit amount available for withdrawal under the rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Minimum amount** |  |
| Transfers or surrenders: | $50 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Maximum amount** |  |
| Transfers or surrenders: | None (except for automated transfers from the fixed account) |

---

**2 By telephone**

Call: <br>**1-800-862-7919** 

---

| | |
|:---|:---|
| **Minimum amount** |  |
| Transfers or surrenders: | $250 or entire account balance |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Maximum amount** |  |
| Transfers: | Contract value or entire account balance |
| Surrenders: | $100000 |

---

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 49

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We answer telephone requests promptly, but you may experience delays when the call volume is unusually high. If you are unable to get through, use the mail procedure as an alternative.

We will honor any telephone transfer or surrender requests that we believe are authentic and we will use reasonable procedures to confirm that they are. This includes asking identifying questions and recording calls. As long as we follow the procedures, we (and our affiliates) will not be liable for any loss resulting from fraudulent requests.

Telephone transfers or surrenders are automatically available. You may request that telephone transfers or surrenders not be authorized from your account by writing to us.

**3 By letter**

Send your name, contract number, Social Security Number or Taxpayer Identification Number\* and signed request for a transfer or surrender to:

**RiverSource Life Insurance Company** <br>**70100 Ameriprise Financial Center** <br>**Minneapolis, MN 55474** 

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| | |
|:---|:---|
| **Minimum amount** |  |
| Transfers or surrenders: | $250 or entire account balance |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Maximum amount** |  |
| Transfers or surrenders: | Contract value or entire account balance |

---

\*

Failure to provide your Social Security Number or Taxpayer Identification Number may result in mandatory tax withholding on the taxable portion of the distribution.

Surrenders

You may surrender all or part of your contract at any time before the settlement date by sending us a written request or calling us.

The date your surrender request will be processed depends on when and how we receive it:

For surrender requests received in writing:

• If we receive your surrender request at our Service Center in good order before the close of business, we will process your surrender using the accumulation unit value we calculate on the valuation date we received your surrender request.

• If we receive your surrender request at our Service Center in good order at or after the close of business, we will process your surrender using the accumulation unit value we calculate on the next valuation date after we received your surrender request.

For surrender requests received by phone:

• If we receive your surrender request at our Service Center in good order before the close of the NYSE, we will process your surrender using the accumulation unit value we calculate on the valuation date we received your surrender request.

• If we receive your surrender request at our Service Center in good order at or after the close of the NYSE, we will process your surrender using the accumulation unit value we calculate on the next valuation date after we received your surrender request.

You may have to pay a contract administrative charge, surrender charges, or any applicable optional rider charges (see "Charges and Adjustments"). Federal income taxes and penalties as well as state and local income taxes may apply (see "Taxes"). You cannot take surrenders after annuity payouts begin except under Plan E (see "The Annuity Payout Period – Annuity Payout Plans").

Any partial surrender you take under the contract will reduce your contract value. As a result, the value of your death benefit or any optional benefits you have elected also will be reduced. If you have elected the Withdrawal Benefit rider and your partial surrenders in any contract year exceed the permitted surrender amount under the terms of the Withdrawal Benefit rider, your benefits under the rider may be reduced (see "Optional Benefits — Guaranteed Minimum Withdrawal Benefit"). Any partial surrender request that exceeds the amount allowed under the riders and impacts the guarantees provided, will not be considered in good order until we receive a signed Benefit Impact Acknowledgement form showing the projected effect of the surrender on the rider benefits or a verbal acknowledgement that you

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50 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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understand and accept the impacts that have been explained to you. In addition, surrenders you are required to take to satisfy the RMDs under the Code may reduce the value of certain death benefits and optional benefits (see "Taxes – Qualified Annuities – Required Minimum Distributions").

Surrender Policies

If you have a balance in more than one account and you request a partial surrender, we will withdraw money from all your subaccounts and/or the fixed account, in the same proportion as your value in each account correlates to your total contract value, less any GPA or Special DCA account, unless you request otherwise. We will not withdraw money for a partial surrender from any GPAs or Special DCA account you may have, unless insufficient amounts are available from your subaccounts and/or fixed account . However, you may request specifically surrender from a GPA or Special DCA account. The minimum contract value after partial surrender is $600.

Receiving Payment

**1 By electronic payment**

• request that payment be sent electronically to your bank;

• pre-authorization required.

• **NOTE:** We will charge you a fee if you request that payment be wired to your bank. For instructions, please contact your financial advisor.

**2 By regular or express mail**

• payable to you;

• mailed to address of record.

**NOTE:** We will charge you a fee if you request express mail delivery.

We may choose to permit you to have checks issued and delivered to an alternate payee or to an address other than your address of record. We may also choose to allow you to direct wires or other electronic payments to accounts owned by a third-party. We may have additional good order requirements that must be met prior to processing requests to make any payments to a party other than the owner or to an address other than the address of record. These requirements will be designed to ensure owner instructions are genuine and to prevent fraud.

Normally, we will send the payment within seven days after receiving your request in good order. However, we may postpone the payment if:

– the NYSE is closed, except for normal holiday and weekend closings;

– trading on the NYSE is restricted, according to SEC rules;

– an emergency, as defined by SEC rules, makes it impractical to sell securities or value the net assets of the accounts; or

– the SEC permits us to delay payment for the protection of security holders.

We may also postpone payment of the amount attributable to a purchase payment as part of the total surrender amount until cleared from the originating financial institution.

TSA – Special Provisions

Participants in Tax-Sheltered Annuities

If the contract is intended to be used in connection with an employer sponsored 403(b) plan, additional rules relating to this contract can be found in the annuity endorsement for tax sheltered 403(b) annuities. Unless we have made special arrangements with your employer, the contract is not intended for use in connection with an employer sponsored 403(b) plan that is subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). In the event that the employer either by affirmative election or inadvertent action causes contributions under a plan that is subject to ERISA to be made to this contract, we will not be responsible for any obligations and requirements under ERISA and the regulations thereunder, unless we have prior written agreement with the employer. You should consult with your employer to determine whether your 403(b) plan is subject to ERISA.

In the event we have a written agreement with your employer to administer the plan pursuant to ERISA, special rules apply as set forth in the TSA endorsement.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 51

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The employer must comply with certain nondiscrimination requirements for certain types of contributions under a TSA contract to be excluded from taxable income. You should consult your employer to determine whether the nondiscrimination rules apply to you.

The Code imposes certain restrictions on your right to receive early distributions from a TSA:

• Distributions attributable to salary reduction contributions (plus earnings) made after Dec. 31, 1988, or to transfers or rollovers from other contracts, may be made from the TSA only if:

–

you are at least age 59½;

–

you are disabled as defined in the Code;

–

you severed employment with the employer who purchased the contract;

–

the distribution is because of your death;

–

the distribution is due to plan termination;

–

you are a qualifying military reservist;

–

you are terminally ill as defined in the Code;

–

you are adopting or are having a baby;

–

you are supplying Personal or Family Emergency Expense;

–

you are a Domestic Abuse Victim: or

–

you are in need to cover Expenses and losses on account of a FEMA declared disaster.

• If you encounter a financial hardship (as provided by the Code), you may be eligible to receive a distribution of all contract values attributable to salary reduction contributions made after Dec. 31, 1988, but not the earnings on them.

• Even though a distribution may be permitted under the above rules, it may be subject to IRS taxes and penalties (see "Taxes").

• The above restrictions on distributions do not affect the availability of the amount credited to the contract as of Dec. 31, 1988. The restrictions also do not apply to transfers or exchanges of contract value within the contract, or to another registered variable annuity contract or investment vehicle available through the employer.

• If the contract has a loan provision, the right to receive a loan is described in detail in your contract. Loans will not be available if you have selected the Withdrawal Benefit or Accumulation Benefit rider.

Changing Ownership

You may change ownership of your nonqualified annuity at any time by completing a change of ownership form we approve and sending it to our Service Center. If you are a natural person and you own a nonqualified annuity, you may change the annuitant or successor annuitant if the request is made before annuity payments begin and while the existing annuitant is living. The change will become binding on us when we receive and record it. We will honor any change of ownership request received in good order that we believe is authentic and we will use reasonable procedures to confirm authenticity. If we follow these procedures, we will not take any responsibility for the validity of the change.

Please consider carefully whether or not you wish to change ownership of your nonqualified annuity if you have elected the ROPP, MAV, 5-Year MAV, EEB, EEP, Accumulation Benefit or Withdrawal Benefit. If you change ownership of your contract, we will terminate the ROPP and EEP. This includes both the EEP Part I benefits and the EEP Part II benefits. (See the description of these terms in "Optional Benefits".) In addition, the terms of the EEB, MAV and the 5-Year MAV will change due to a change of ownership. If the new owner is older than age 75, the EEB will terminate. Otherwise, the EEB will effectively "start over." We will treat the EEB as if it is issued on the day the change of ownership is made, using the attained age of the new owner as the "issue age" to determine the benefit levels. The account value on the date of the ownership change will be treated as a "purchase payment" in determining future values of "earnings at death" under the EEB. If the new owner is older than age 75, the MAV and 5-Year MAV will terminate. If the MAV or the 5-Year MAV on the date of ownership change is greater than the account value on the date of the ownership change, we will set the MAV or the 5-Year MAV equal to the account value. Otherwise, the MAV or the 5-Year MAV value will not change due to a change in ownership. The Accumulation Benefit rider and the Withdrawal Benefit rider will continue upon change of ownership. Please see the descriptions of these riders in "Optional Benefits."

The rider charges described in "Charges and Adjustments" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force) for any rider that continues after a change of ownership. We reserve the right to assess charges for the number of days the rider was in force for any rider that is terminated due to a change of ownership.

If you have a nonqualified annuity, you may incur income tax liability by transferring, assigning or pledging any part of it. (See "Taxes.")

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52 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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If you have a qualified annuity, you may not sell, assign, transfer, discount or pledge your contract as collateral for a loan, or as security for the performance of an obligation or for any other purpose except as required or permitted by the Code. However, if the owner is a trust or custodian, or an employer acting in similar capacity, ownership of the contract may be transferred to the annuitant.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 53

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Benefits Available Under the Contract

The following table summarizes information about the benefits available under the Contract.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of Restrictions/** <br> **Limitations**<br>|
| **Standard Benefits *(no additional charge)*** | **Standard Benefits *(no additional charge)*** | **Standard Benefits *(no additional charge)*** | **Standard Benefits *(no additional charge)*** | **Standard Benefits *(no additional charge)*** |
| **Dollar Cost** <br> **Averaging**<br>| Allows the systematic <br> transfer of a specified <br> dollar amount among <br> the subaccounts or <br> from the regular fixed <br> account to one or more <br> eligible subaccounts<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Not allowed to the GPAs, the regular <br> fixed account or the Special DCA <br> fixed account<br> •Not allowed if the PN program is in <br> effect, except in connection with <br> the a Special DCA fixed account<br> •Not available with a living benefit<br>|
| **Special Dollar** <br> **Cost Averaging** <br> **(SDCA)**<br>| Allows the systematic <br> transfer from the <br> Special DCA fixed <br> account to one or more <br> eligible subaccounts<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Must be funded with a purchase <br> payment of at least $10,000, not <br> transferred contract value<br> •Only 6-month option are available<br> •Transfers occur on a monthly basis <br> and the first monthly transfer <br> occurs seven days after we receive <br> your purchase payment<br> •You may not use the regular fixed <br> account, GPA account, or the <br> Special DCA fixed account as a <br> destination for the Special DCA <br> monthly transfer. Certain exceptions <br> apply<br>|
| **Asset** <br> **Rebalancing**<br>| Allows you to have your <br> investments <br> periodically rebalanced <br> among the <br> subaccounts to your <br> pre-selected <br> percentages<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •You must have $2,000 in Contract <br> Value to participate.<br> •We require 30 days notice for you to <br> change or cancel the program<br> •You can request rebalancing to be <br> done either quarterly, semiannually <br> or annually<br> •Other restrictions may apply under <br> the Portfolio Navigator Program<br>|
| **Portfolio** <br> **Navigator (PN)** <br> **Program and** <br> **Portfolio** <br> **Stabilizer funds**<br>| Your contract value is <br> allocated to the PN <br> program investment <br> options or Portfolio <br> Stabilizer funds<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Required for contracts with living <br> benefit riders<br>|
| **Automated** <br> **Partial** <br> **Surrenders/**<br> **Systematic** <br> **Withdrawals**<br>| Allows automated <br> partial surrenders from <br> the contract<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Additional systematic payments are <br> not allowed with automated partial <br> surrenders<br> •For contracts with a Withdrawal <br> Benefit rider, you may set up <br> automated partial surrenders up to <br> the benefit available for withdrawals <br> under the rider<br> •May result in income taxes and IRS <br> penalty on all or a portion of <br> amounts surrendered<br>|
| **Nursing Home or** <br> **Hospital** <br> **Confinement**<br>| Allows you to <br> withdraw contract <br> value without a<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •You must be under age 76 on the <br> contract issue date and the <br> confinement must start after the <br>|

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54 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of Restrictions/** <br> **Limitations**<br>|
|  | surrender charge  |  |  | &nbsp;&nbsp;&nbsp; contract issue date<br> •You must be confined to a hospital <br> or nursing home for the prior <br> 60 days<br> •Amount withdrawn must be paid <br> directly to you<br> • Contract value is reduced by any <br> purchase payment credits credited <br> within 12 months of a withdrawal<br>|
| **Terminal Illness** | Allows you to withdraw <br> contract value without <br> a<br> surrender charge <br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •You must be under age 76 on the <br> date the contract was issued<br> • Must be terminally ill and not <br> expected to live more than 12 <br> months; a licensed physician <br> certifies to your illness, life <br> expectancy and the date the <br> terminal illness was initially <br> diagnosed<br> •Amount withdrawn must be paid <br> directly to you<br> • Contract value is reduced by any <br> purchase payment credits credited <br> within 12 months of a withdrawal<br>|
| **Standard Death** <br> **Benefit** <br> **(available for** <br> **contract owners** <br> **age 75 and** <br> **younger at issue)**<br>| Provides a minimum <br> death benefit equal to <br> the greater of Contract <br> Value, less any <br> purchase payment <br> credits subject to <br> reversal, less any <br> applicable rider <br> charges or purchase <br> payment minus <br> adjusted partial <br> surrenders<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals, and such reductions <br> could be significant<br> •Annuitizing the Contract terminates <br> the benefit<br> • Contract Value is reduced by any <br> purchase payment credits and any <br> applicable rider charges applied <br> within 12 months of the date of <br> death<br> • When we calculate this death <br> benefit, we do not consider <br> purchase payments credits as part <br> of any purchase payments, and <br> contract value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges.<br>|
| **Standard Death** <br> **Benefit** <br> **(available if any** <br> **contract owner** <br> **is age 76 and** <br> **older at issue)**<br>| Provides a minimum <br> death benefit equal to <br> the Contract Value, <br> less any purchase <br> payment credits <br> subject to reversal less <br> any applicable rider <br> charges<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Annuitizing the Contract terminates <br> the benefit<br> •Contract Value is reduced by any <br> purchase payment credits and any <br> applicable rider charges applied <br> within 12 months of the date of <br> death<br> • When we calculate this death <br> benefit, we do not consider <br> purchase payments credits as part <br> of any purchase payments, and <br>|

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 55

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of Restrictions/** <br> **Limitations**<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp; contract value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges.<br>|
| **Optional Benefits** | **Optional Benefits** | **Optional Benefits** | **Optional Benefits** | **Optional Benefits** |
| **ROPP Death** <br> **Benefit**<br>| Provides a minimum <br> death benefit equal to <br> the greater of Contract <br> Value, less any <br> purchase payment <br> credits subject to <br> reversal, less any <br> applicable rider <br> charges or purchase <br> payment minus <br> adjusted partial <br> surrenders<br>| 0.30% of <br> contract value <br> in the variable <br> account<br>| 0.20% | &nbsp;&nbsp;&nbsp; •Available if any owner is age 76 and <br> older<br> •Must be elected at contract issue<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals, and such reductions <br> could be significant<br> •Annuitizing the Contract terminates <br> the benefit<br> • When we calculate this death <br> benefit, we do not consider <br> purchase payments credits as part <br> of any purchase payments, and <br> contract value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges.<br> • Contract Value is reduced by any <br> purchase payment credits and any <br> applicable rider charges applied <br> within 12 months of the date of <br> death and any applicable rider <br> charges<br>|
| **MAV Death** <br> **Benefit**<br>| Increases the <br> guaranteed death <br> benefit to the highest <br> anniversary contract <br> value, plus subsequent <br> purchase<br> payments made to the <br> contract adjusted for <br> any partial surrenders<br>| 0.35% of <br> contract value <br> in the variable <br> account<br>| 0.25% | &nbsp;&nbsp;&nbsp; •Available to owners age 75 and <br> younger<br> •Must be elected at contract issue<br> •No longer eligible to increase on <br> any contract anniversary on/after <br> your 81st birthday.<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals. Such reductions could <br> be significant.<br> •Annuitizing the Contract terminates <br> the benefit<br> •When we calculate this death <br> benefit, we do not consider <br> purchase payment credits as part <br> of your purchase payments<br> •Contract Value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges<br>|
| **5-year MAV** <br> **Death Benefit**<br>| Increases the <br> guaranteed death<br>| 0.20% of <br> contract value<br>| 0.10% | &nbsp;&nbsp;&nbsp; •Available to owners age 75 and <br> younger <br>|

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56 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of Restrictions/** <br> **Limitations**<br>|
|  | benefit to the highest <br> 5th anniversary <br> contract value plus <br> subsequent purchase<br> payments made to the <br> contract adjusted for <br> any partial surrenders<br>| in the variable <br> account<br>|  | &nbsp;&nbsp;&nbsp; •Must be elected at contract issue<br> •No longer eligible to increase on <br> any contract anniversary on/after <br> your 81st birthday<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals. Such reductions could <br> be significant<br> •Annuitizing the Contract terminates <br> the benefit<br> •When we calculate this death <br> benefit, we do not consider <br> purchase payment credits as part <br> of your purchase payments<br> •Contract Value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges<br>|
| ***Enhanced*** <br> ***Earnings Death*** <br> **Benefit (EEB)**<br>| Provides an additional <br> death benefit, based <br> on a percentage of <br> contract earnings, to <br> help offset expenses <br> after death such as <br> funeral expenses or <br> federal and state taxes<br>| 0.40% of <br> contract value <br> in the variable <br> account<br>| 0.30% | &nbsp;&nbsp;&nbsp; •Available to owners age 75 and <br> younger<br> •Must be elected at contract issue<br> •Available with MAV and 5-year MAV<br> •For contract owners age 70 and <br> older at the rider effective date, the <br> benefit decreases from 40% to 15% <br> of earnings<br> •Annuitizing the Contract terminates <br> the benefit<br> •When we calculate this death <br> benefit, we do not consider <br> purchase payment credits as part <br> of your purchase payments<br> •Contract Value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges<br>|
| ***Enhanced*** <br> ***Earnings Plus*** <br> ***Death* Benefit** <br> **(EEP)**<br>| Provides an additional <br> death benefit based on <br> a percentage of <br> contract earnings and <br> a percentage of <br> exchange purchase <br> payments, to help <br> offset expenses after <br> death such as funeral <br> expenses or federal <br> and state taxes<br>| 0.50% of <br> contract value <br> in the variable <br> account<br>| 0.40% | &nbsp;&nbsp;&nbsp; •Available only under annuities <br> purchase through an exchange or <br> direct transfer from another annuity <br> or a life insurance policy<br> •Exchange purchase payments must <br> be identified at issue, received <br> within 6 months from issue, and not <br> be previously surrendered<br> •Available to owners age 75 and <br> younger<br> •Must be elected at contract issue<br> •Available with MAV and 5-year MAV<br> •Annuitizing the Contract terminates <br> the benefit<br> •When we calculate this death <br>|

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 57

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of Restrictions/** <br> **Limitations**<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp; benefit, we do not consider <br> purchase payment credits as part <br> of your purchase payments<br> •Contract Value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges<br> •For contract owners age 70 and <br> older at the rider effective date, the <br> benefit decreases from 40% to 15% <br> of earnings. The percentage of <br> exchange purchase payments varies <br> by age is subject to a vesting <br> schedule<br>|
| **Withdrawal** <br> **Benefit** <br> **rider/Enhanced** <br> **Withdrawal** <br> **Benefit rider**<br>| Provides a guaranteed <br> minimum withdrawal <br> benefit that gives you <br> the right to take limited <br> partial withdrawals in <br> each contract year that <br> over time will total an <br> amount equal to your <br> purchase payments <br> plus any purchase <br> payment credits.<br>| 2.50% of <br> contract value<br>| Varies by issue <br> date, elective <br> step up date <br> and the fund <br> selected<br>| &nbsp;&nbsp;&nbsp; •Available to owners age 80 or <br> younger<br> •Must be elected at contract issue<br> •Not available under an inherited <br> qualified annuity, 401 (a) and <br> 401(k) plans<br> •Subject to Investment Allocation <br> restrictions<br> •Certain withdrawals could <br> significantly reduce the guaranteed <br> amounts under the rider and the <br> rider will terminate if the contract <br> value goes to zero due to an excess <br> withdrawal<br> •Withdrawals during the 3-year <br> waiting period will reverse any prior <br> step-ups<br> •Limits additional purchase <br> payments<br>|
| **Guaranteed** <br> **Minimum** <br> **Accumulation** <br> **Benefit** <br> **(Accumulation** <br> **Benefit) rider**<br>| Provides 100% of <br> initial investment or <br> 80% of highest <br> contract anniversary <br> value (adjusted for <br> partial surrenders) at <br> the end of 10 year <br> waiting period, <br> regardless of <br> investment <br> performance<br>| 2.50% of <br> contract value <br> or the Minimum <br> Contract <br> Accumulation <br> Value, <br> whichever is <br> greater<br>| Varies by issue <br> date, elective <br> step up date <br> and fund <br> selected<br>| &nbsp;&nbsp;&nbsp; •Available to owners age 80 or <br> younger<br> •Must be elected at contract issue<br> •Not available under 401 (a) and <br> 401(k) plans<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals. Such reductions could <br> be significant<br> •The rider ends when the Waiting <br> Period expires<br> •Limits additional purchase <br> payments<br> •Subject to Investment Allocation <br> restrictions<br> •Elective Step ups restart the <br> Waiting Period<br>|

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58 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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Benefits in Case of Death — Standard Death Benefit

We will pay the death benefit to your beneficiary upon your death if you die before the settlement date while this contract is in force. If a contract has more than one person as the owner, we will pay benefits upon the first to die of any owner.

If you are age 75 or younger on the date we issue the contract, the beneficiary receives the greater of:

• contract value, less any purchase payment credits applied within 12 months of the date of death, less any applicable rider charges; or

• purchase payments minus adjusted partial surrenders.

If you are age 76 or older on the date we issue the contract, the beneficiary receives the contract value, less any purchase payment credits subject to reversal, less any applicable rider charges.

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| | | |
|:---|:---|:---|
| **Adjusted partial surrenders** | = | **PS** × **DB** |
| **Adjusted partial surrenders** | = | **CV** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

PS = the partial surrender including any applicable surrender charge. <br> DB = the death benefit on the date of (but prior to) the partial surrender. <br> CV = the contract value on the date of (but prior to) the partial surrender.

**Example of standard death benefit calculation when you are age 75 or younger on the contract effective date:** 

• You purchase the contract with a payment of $20,000.

• During the second contract year the contract value falls to $18,000, at which point you take a $1,500 partial surrender, leaving a contract value of $16,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| We calculate the death benefit as follows: | We calculate the death benefit as follows: |  |
| The total purchase payments minus adjustments for partial surrenders: | The total purchase payments minus adjustments for partial surrenders: |  |
| Total purchase payments | Total purchase payments | $20000 |
| minus adjusted partial surrenders, calculated as: | minus adjusted partial surrenders, calculated as: |  |
| $1,500 × $20,000 | = | –1667 |
| $18000 | = |  |
| for a death benefit of: | for a death benefit of: | $18333 |

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When we calculate this death benefit, we do not consider purchase payments credits as part of any purchase payments.

If You Die Before Your Settlement Date

When paying the beneficiary, we will process the death claim on the valuation date that our death claim requirements are fulfilled. We will determine the contract's value using the accumulation unit value we calculate on that valuation date. The death benefit will never be less than the surrender value adjusted by the MVA formula. We pay interest, if any, at a rate no less than required by law. If requested, we will mail payment to the beneficiary within seven days after our death claim requirements are fulfilled.

**Nonqualified annuities** 

If your spouse is sole beneficiary and you die before the settlement date, your spouse may keep the contract as owner with the contract value equal to the death benefit that would otherwise have been paid. To do this your spouse must give us written instructions to continue the contract as owner. If your spouse elects to continue the contract as owner, the following describes the standard death benefit:

• If your spouse was age 75 or younger as of the date we issued the contract, the beneficiary of your spouse's contract receives the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;• contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or

&nbsp;&nbsp;&nbsp;&nbsp;• purchase payments minus adjusted partial surrenders.

If your spouse was age 76 or older as of the date we issued the contract, the beneficiary of your spouse's contract receives the contract value, less any purchase payment credits subject to reversal, less any applicable rider charges.

If you elected any optional contract features or riders, your spouse and the new annuitant (if applicable) will be subject to all limitations and/or restrictions of those features or riders.

We will not waive surrender charges on contracts continued under the spousal continuation provision.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 59

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If your beneficiary is not your spouse, we will pay the beneficiary in a lump sum unless you give us other written instructions. Generally, we must fully distribute the death benefit within five years of your death. However, the beneficiary may receive payouts under any annuity payout plan available under this contract if:

• the beneficiary elects in writing, and payouts begin, no later than one year after your death, or other date as permitted by the IRS; and

• the payout period does not extend beyond the beneficiary's life or life expectancy.

**Qualified annuities** 

The information below has been revised to reflect proposed regulations issued by the Internal Revenue Service that describe the requirements for required minimum distributions when a person or entity inherit assets held in an IRA, 403(b) or qualified retirement plan. This proposal is not final and may change. Contract owners are advised to work with a tax professional to understand their required minimum distribution obligations under the proposed regulations and federal law. The proposed regulations can be found in the Federal Register, Vol. 87, No. 37, dated Thursday, February 24, 2022.

• **Spouse beneficiary:** If you have not elected an annuity payout plan, and if your spouse is the sole beneficiary, your spouse may either elect to treat the contract as his/her own, so long as he/she is eligible to do so, with the contract value equal to the death benefit that would otherwise have been paid or elect an annuity payout plan or another plan agreed to by us. If your spouse elects a payout plan, the payouts must begin no later than the year in which you would have reached age 73. If you attained age 73 at the time of death, payouts must begin no later than Dec. 31 of the year following the year of your death.

If your spouse elects to continue the contract as owner, the following describes the standard death benefit:

&nbsp;&nbsp;&nbsp;&nbsp;• If your spouse was age 75 or younger as of the date we issued the contract, the beneficiary of your spouse's contract receives the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;• contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or

&nbsp;&nbsp;&nbsp;&nbsp;• purchase payments minus adjusted partial surrenders.

If your spouse was age 76 or older as of the date we issued the contract, the beneficiary of your spouse's contract receives the contract value, less any purchase payment credits subject to reversal, less any applicable rider charges

If you elected any optional contract features or riders, your spouse and the new annuitant (if applicable) will be subject to all limitations and/or restrictions of those features or riders just as if they were purchasing a new contract. If your spouse is the sole beneficiary and elects to treat the contract as his/her own as an inherited IRA, the guaranteed minimum withdrawal benefit rider will terminate.

We will not waive surrender charges on contracts continued under the spousal continuation provision.

• **Non-spouse beneficiary:** If you have not elected an annuity payout plan, and if death occurs on or after Jan. 1, 2020, the beneficiary is required to withdraw his or her entire inherited interest by December 31 of the 10<sup>th</sup> year following your date of death unless they qualify as an "eligible designated beneficiary." Your beneficiary may be required to take distributions during the 10-year period if you died after your Required Beginning Date. Eligible designated beneficiaries may continue to take proceeds out over your life expectancy if you died prior to your Required Beginning Date or over the greater of your life expectancy or their life expectancy if you died after your Required Beginning Date. Eligible designated beneficiaries include the surviving spouse:

&nbsp;&nbsp;&nbsp;&nbsp;• the surviving spouse;

&nbsp;&nbsp;&nbsp;&nbsp;• a lawful child of the owner under the age of 21 majority (remaining amount must be withdrawn by the earlier of the end of the year the minor turns 31 or end of the 10th year following the minor's death);

&nbsp;&nbsp;&nbsp;&nbsp;• disabled within the meaning of Code section 72(m)(7);

&nbsp;&nbsp;&nbsp;&nbsp;• chronically ill within the meaning of Code section 7702B(c)(2);

&nbsp;&nbsp;&nbsp;&nbsp;• any other person who is not more than 10 years younger than the owner.

However, non-natural beneficiaries, such as estates and charities, are subject to a five-year rule to distribute the IRA if you died prior to your Required Beginning Date.

We will pay the beneficiary in a single sum unless the beneficiary elects to receive payouts under a payout plan available under this contract and:

&nbsp;&nbsp;&nbsp;&nbsp;• the beneficiary elects in writing, and payouts begin, no later than one year following the year of your death; and

&nbsp;&nbsp;&nbsp;&nbsp;• the payout period does not extend beyond December 31 of the 10th year following your death or the applicable life expectancy for an eligible designated beneficiary.

• **Spouse and Non-spouse beneficiary:** If a beneficiary elects an alternative payment plan which is an inherited IRA, all optional death benefits and living benefits will terminate. The beneficiary must submit the applicable investment options form. No additional purchase payments will be accepted. The death benefit payable on the death of the beneficiary is the greater of the contract value and the Full Surrender Value; the mortality and expense risk fee will be the same as is applicable to the Standard Death Benefit.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• **Annuity payout plan:** If you elect an annuity payout plan, the payouts to your beneficiary may continue depending on the annuity payout plan you elect, subject to adjustment to comply with the IRS rules and regulations.

**How we handle contracts under unclaimed property laws** 

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of one to five years from either 1) the contract's maturity date (the latest day on which income payments may begin under the contract) or 2) the date the death benefit is due and payable. If a contract matures or we determine a death benefit is payable, we will use our best efforts to locate you or designated beneficiaries. If we are unable to locate you or a beneficiary, proceeds will be paid to the abandoned property division or unclaimed property office of the state in which the beneficiary or you last resided, as shown in our books and records, or to our state of domicile. Generally, this surrender of property to the state is commonly referred to as "escheatment". To avoid escheatment, and ensure an effective process for your beneficiaries, it is important that your personal address and beneficiary designations are up to date, including complete names, date of birth, current addresses and phone numbers, and taxpayer identification numbers for each beneficiary. Updates to your address or beneficiary designations should be sent to our Service Center.

Escheatment may also be required by law if a known beneficiary fails to demand or present an instrument or document to claim the death benefit in a timely manner, creating a presumption of abandonment. If your beneficiary steps forward (with the proper documentation) to claim escheated annuity proceeds, the state is obligated to pay any such proceeds it is holding.

For nonqualified deferred annuities, non-spousal death benefits are generally required to be distributed and taxed within five years from the date of death of the owner.

Optional Benefits

The assets held in our general account support the guarantees under your contract, including optional death benefits and optional living benefits. To the extent that we are required to pay you amounts in addition to your contract value under these benefits, such amounts will come from our general account assets. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay our obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account.

Optional Death Benefits

Return of Purchase Payments Death Benefit (ROPP)

The ROPP is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges and Adjustments"). If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greater of:

• contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or

• purchase payments minus adjusted partial surrenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Adjusted partial surrenders for the ROPP death benefit** | = | **PS** × **DB** |
| **Adjusted partial surrenders for the ROPP death benefit** | = | **CV** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

PS = the partial surrender including any applicable surrender charge. <br> DB = the death benefit on the date of (but prior to) the partial surrender. <br> CV = the contract value on the date of (but prior to) the partial surrender.

The death benefit will never be less than the surrender value adjusted by the MVA formula.

If you are age 76 or older at contract issue, you may choose to add the ROPP to your contract. Generally, you must elect the ROPP at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the ROPP may be after we issue the contract according to terms determined by us and at our sole discretion. We reserve the right to discontinue offering the ROPP for new contracts.

When annuity payouts begin, or if you terminate the contract for any reason other than death, this rider will terminate.

**Terminating the ROPP** 

• You may terminate the ROPP rider within 30 days of the first contract anniversary after the rider effective date.

• You may terminate the ROPP rider within 30 days of any contract anniversary beginning with the seventh contract anniversary.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• The ROPP rider will terminate when you make a full surrender from the contract or when annuity payouts begin.

If you terminate the ROPP, the standard death benefit applies.

**For an example, see Appendix D.** 

If your spouse is the sole beneficiary, he or she may keep the contract as owner with the contract value equal to the death benefit that would otherwise been paid under the ROPP. To do this your spouse must, on the date our death claim requirements are fulfilled, give us written instructions to keep the contract in force. If your spouse was age 76 or older as of the date we issued the contract, he or she may choose to continue the ROPP. In that case, the ROPP rider charges described in "Charges and Adjustments – Optional Benefit Charges – Optional Death Benefit Charges – ROPP Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary. Your spouse also has the option of discontinuing the ROPP rider within 30 days of the date he or she elects to continue the contract. If your spouse was age 75 or younger as of the date we issued the contract, the ROPP will terminate.

**NOTE:** For special tax considerations associated with the ROPP, see "Taxes."

Maximum Anniversary Value Death Benefit (MAV)

The MAV is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges and Adjustments"). The MAV does not provide any additional benefit before the first contract anniversary after the rider effective date. The MAV may be of less value if you are older since we stop resetting the maximum anniversary value at age 81. Although we stop resetting the maximum anniversary value at age 81, the MAV rider fee continues to apply until the rider terminates. In addition, the MAV does not provide any additional benefit with respect to the GPAs, fixed account or Special DCA account during the time you have amounts allocated to these accounts. Be sure to discuss with your financial advisor whether or not the MAV is appropriate for your situation.

If you are age 75 or younger at contract issue, you may choose to add the MAV to your contract. Generally, you must elect the MAV at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the MAV may be after we issue the contract according to terms determined by us and at our sole discretion. We reserve the right to discontinue offering the MAV for new contracts.

On the first contract anniversary after the rider effective date we set the maximum anniversary value equal to the highest of your (a) current contract value, or (b) total purchase payments minus adjusted partial surrenders. Every contract anniversary after that, through age 80, we compare the previous anniversary's maximum anniversary value plus subsequent purchase payments less subsequent adjusted partial surrenders to the current contract value and we reset the maximum anniversary value to the higher of these values. We stop resetting the maximum anniversary value at age 81. However, we continue to add subsequent purchase payments and subtract adjusted partial surrenders from the maximum anniversary value.

If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greatest of:

• contract value, less any purchase payment credits applied within 12 months of the date of death, less any applicable rider charges; or

• purchase payments minus adjusted partial surrenders; or

• the maximum anniversary value as calculated on the most recent contract anniversary plus subsequent purchase payments made to the contract minus adjustments for partial surrenders since that contract anniversary.

The death benefit will never be less than the surrender value adjusted by the MVA formula.

**Terminating the MAV** 

• You may terminate the MAV rider within 30 days of the first contract anniversary after the rider effective date.

• You may terminate the MAV rider within 30 days of any contract anniversary beginning with the seventh contract anniversary.

• The MAV rider will terminate when you make a full surrender from the contract or when annuity payouts begin.

• The MAV rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older.

If you terminate the MAV, the standard death benefit applies.

For an example, see Appendix D.

**In general, if your spouse is the sole beneficiary,** your spouse may choose to continue the contract as the contract owner. The contract value will be equal to the death benefit that would otherwise have been paid under the MAV. To do this your spouse must, within 60 days after our death claim requirements are fulfilled, give us written instructions to

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keep the contract in force. If your spouse has reached age 76 at the time he or she elects to continue the contract, the MAV rider will terminate. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract, he or she may choose to continue the MAV rider. In this case, the rider charges described in "Charges and Adjustments" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the MAV rider. If, at the time he or she elects to continue the contract, your spouse has not yet reached age 76 and chooses not to continue the MAV rider, the contract value will be increased to the MAV death benefit amount if it is greater than the contract value on the death benefit valuation date.

**When we calculate this death benefit, we do not consider purchase payments credits as part of any purchase payments.**

Maximum Five Year Anniversary Value Death Benefit (5-Year MAV)

The 5-Year MAV is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges and Adjustments"). The 5-Year MAV does not provide any additional benefit before the fifth contract anniversary after the rider effective date. The 5-Year MAV may be of less value if you are older since we stop resetting the maximum anniversary value at age 81. Although we stop resetting the maximum five year anniversary value at age 81, the 5-Year MAV rider fee continues to apply until the rider terminates. In addition, the 5-Year MAV does not provide any additional benefit with respect to the GPAs, fixed account or Special DCA account during the time you have amounts allocated to these accounts. Be sure to discuss with your financial advisor whether or not the 5-Year MAV is appropriate for your situation.

If you are age 75 or younger at contract issue, you may choose to add the 5-Year MAV to your contract. Generally, you must elect the 5-Year MAV at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the 5-Year MAV may be after we issue the contract according to terms determined by us and at our sole discretion. We reserve the right to discontinue offering the 5-Year MAV for new contracts.

On the fifth contract anniversary after the rider effective date we set the maximum anniversary value equal to the highest of your (a) current contract value, or (b) total purchase payments minus adjusted partial surrenders. Every fifth contract anniversary after that, through age 80, we compare the previous 5-year anniversary's maximum anniversary value plus subsequent purchase payments less subsequent adjusted partial surrenders to the current contract value and we reset the maximum anniversary value to the higher of these values. We stop resetting the maximum anniversary value at age 81. However, we continue to add subsequent purchase payments and subtract adjusted partial surrenders from the maximum anniversary value.

If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greatest of:

• contract value, less any purchase payment credits applied within 12 months of the date of death, less any applicable rider charges; or

• purchase payments minus adjusted partial surrenders; or

• the maximum anniversary value as calculated on the most recent fifth contract anniversary plus subsequent purchase payments made to the contract minus adjustments for partial surrenders since that contract anniversary.

The death benefit will never be less than the surrender value adjusted by the MVA formula.

**Terminating the 5-Year MAV** 

• You may terminate the 5-Year MAV rider within 30 days of the first contract anniversary after the rider effective date.

• You may terminate the 5-Year MAV rider within 30 days of any contract anniversary beginning with the seventh contract anniversary.

• The 5-Year MAV rider will terminate when you make a full surrender from the contract or when annuity payouts begin.

• The 5-Year MAV rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older.

If you terminate the 5-Year MAV, the standard death benefit applies.

For an example, see Appendix D.

**In general, if your spouse is the sole beneficiary,** your spouse may choose to continue the contract as the contract owner. The contract value will be equal to the death benefit that would otherwise have been paid under the 5-Year MAV. To do this your spouse must within 60 days after our death claim requirements are fulfilled, give us written instructions to keep the contract in force. If your spouse has reached age 76 at the time he or she elects to continue the contract, the 5-Year MAV rider will terminate. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract, he or she may choose to continue the 5-Year MAV rider. In this case, the rider charges described in "Charges and Adjustments" will be assessed at the next contract anniversary (and all future anniversaries when the

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rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the 5-Year MAV rider. If, at the time he or she elects to continue the contract, your spouse has not yet reached age 76 and chooses not to continue the 5-Year MAV rider, the contract value will be increased to the 5-Year MAV death benefit amount if it is greater than the contract value on the death benefit valuation date.

**When we calculate this death benefit, we do not consider purchase payments credits as part of any purchase payments.**

Enhanced Earnings Death Benefit (EEB)

The EEB is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges and Adjustments"). The EEB provides for reduced benefits if you are age 70 or older at the rider effective date and it does not provide any additional benefit before the first contract anniversary. The EEB also may result in reduced benefits if you take RMDs (see "Taxes – Qualified Annuities – Required Minimum Distributions") from your qualified annuity or any partial surrenders during the life of your contract, both of which may reduce contract earnings. This is because the benefit paid by the EEB is determined by the amount of earnings at death. Be sure to discuss with your financial advisor and your tax advisor whether or not the EEB is appropriate for your situation.

If you are age 75 or younger at the rider effective date, you may choose to add the EEB to your contract. Generally, you must elect the EEB at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the EEB may be after we issue the contract according to terms determined by us and at our sole discretion. You may not select this rider if you select the EEP. We reserve the right to discontinue offering the EEB for new contracts.

The EEB provides that if you die after the first contract anniversary, but before annuity payouts begin, and while this contract is in force, we will pay the beneficiary:

the standard death benefit amount (see "Benefits in Case of Death – Standard Benefit"), the MAV death benefit amount, if applicable, or the 5-Year MAV death benefit amount, if applicable;

**PLUS** 

• 40% of your earnings at death if you were under age 70 on the rider effective date; or

• 15% of your earnings at death if you were age 70 or older on the rider effective date.

Additional death benefits payable under the EEB are not included in the adjusted partial surrender calculation.

**Earnings at death for the EEB and EEP:** If the rider effective date for the EEB or EEP is the contract issue date, earnings at death is an amount equal to:

&nbsp;&nbsp;&nbsp;&nbsp;• the standard death benefit amount, the MAV death benefit amount, or the 5-Year MAV death benefit amount if applicable (the "death benefit amount")

&nbsp;&nbsp;&nbsp;&nbsp;• **minus** purchase payments not previously surrendered.

The earnings at death may not be less than zero and may not be more than 250% of the purchase payments not previously surrendered that are one or more years old.

If the rider effective date for the EEB is **AFTER** the contract issue date, earnings at death is an amount equal to the death benefit amount

&nbsp;&nbsp;&nbsp;&nbsp;• **minus** the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract value as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that contract value since that rider effective date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an amount equal to the death benefit amount as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that death benefit amount since that rider effective date

&nbsp;&nbsp;&nbsp;&nbsp;• **plus** any purchase payments made on or after the EEB rider effective date not previously surrendered.

The earnings at death may not be less than zero and may not be more than 250% multiplied by:

&nbsp;&nbsp;&nbsp;&nbsp;• the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;• the contract value as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that contract value since that rider effective date; or

&nbsp;&nbsp;&nbsp;&nbsp;• an amount equal to the death benefit amount as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that death benefit amount since that rider effective date

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;• **plus** any purchase payments made on or after the EEB rider effective date not previously surrendered that are one or more years old.

**Terminating the EEB** 

• You may terminate the EEB rider within 30 days of the first contract anniversary after the rider effective date.

• You may terminate the EEB rider within 30 days of any contract anniversary beginning with the seventh contract anniversary after the rider effective date.

• The EEB rider will terminate when you make a full surrender from the contract or when annuity payouts begin.

• The EEB rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older.

For an example, see Appendix D.

**In general, if your spouse is the sole beneficiary,** and your spouse chooses to continue the contract as the contract owner, we will pay an amount into the contract so that the contract value equals the total death benefit payable under the EEB. If the spouse is age 76 or older at the time he or she elects to continue the contract, then the EEB rider will terminate. If your spouse is less than age 76 at the time he or she elects to continue the contract, he or she may choose to continue the EEB. In this case, the following conditions will apply:

• the EEB rider will continue, but we will treat the new contract value on the date the ownership of the contract changes to your spouse (after the additional amount is paid into the contract) as if it is a purchase payment in calculating future values of "earnings at death."

• the percentages of "earnings at death" payable will be based on your spouse's age at the time he or she elects to continue the contract.

• the EEB rider charges described in "Charges and Adjustments – Optional Benefit Charges – Optional Death Benefit Charges – EEB Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the EEB rider.

**NOTE:** For special tax considerations associated with the EEB, see "Taxes."

**When we calculate this death benefit, we do not consider purchase payments credits as part of any purchase payments.**

Enhanced Earnings Plus Death Benefit (EEP)

The EEP is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges and Adjustments"). The EEP provides for reduced benefits if you are age 70 or older at the rider effective date. It does not provide any additional benefit before the first contract anniversary and it does not provide any benefit beyond what is offered under the EEB during the second contract year. The EEP also may result in reduced benefits if you take RMDs (see "Taxes **–** Qualified Annuities **–** Required Minimum Distributions") from your qualified annuity or any partial surrenders during the life of your contract, both of which may reduce contract earnings. This is because part of the benefit paid by the EEP is determined by the amount of earnings at death. Be sure to discuss with your sales representative and your tax advisor whether or not the EEP is appropriate for your situation.

If this EEP rider is available in your state and you are age 75 or younger at contract issue, you may choose to add the EEP to your contract. You must elect the EEP at the time you purchase your contract and your rider effective date will be the contract issue date. **This rider is only available under annuities purchased through an exchange or direct transfer from another annuity or a life insurance policy**. You may not select this rider if you select the EEB. We reserve the right to discontinue offering the EEP for new contracts.

The EEP provides that if you die after the first contract anniversary, but before annuity payouts begin, and while this contract is in force, we will pay the beneficiary:

EEP Part I benefits, which equal the benefits payable under the EEB described above;

**PLUS** 

• EEP Part II benefits, which equal a percentage of exchange purchase payments identified at issue, received within 6 months from issue and not previously surrendered as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Contract year** | **Percentage if you are under age**<br> **70 on the rider effective date**<br>| **Percentage if you are 70 or**<br> **older on the rider effective date**<br>|
| One and Two | &nbsp;&nbsp;&nbsp; 0<br> %<br>| &nbsp;&nbsp;&nbsp; 0<br> %<br>|
| Three and Four | &nbsp;&nbsp;&nbsp; 10<br> %<br>| 3.75<br> %<br>|

---

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---

| | | |
|:---|:---|:---|
| **Contract year** | **Percentage if you are under age**<br> **70 on the rider effective date**<br>| **Percentage if you are 70 or**<br> **older on the rider effective date**<br>|
| Five or more | &nbsp;&nbsp;&nbsp; 20<br> %<br>| 7.5<br> %<br>|

---

Additional death benefits payable under the EEP are not included in the adjusted partial surrender calculation.

If after 6 months, no exchange purchase payments have been received, we will contact you and you will have an additional 30 days to follow-up on exchange purchase payments identified at issue but not received by us. If after these 30 days we have not received any exchange purchase payments, we will convert the EEP rider into an EEB.

Another way to describe the benefits payable under the EEP rider is as follows:

• the standard death benefit amount (see "Benefits in Case of Death **–** Standard Death Benefit"), the MAV death benefit amount, or 5-Year MAV death benefit amount, if applicable,

**PLUS** 

---

| | | |
|:---|:---|:---|
| **Contract year** | &nbsp;&nbsp; **If you are under age 70 on**<br> **the rider effective date, add…**<br>| &nbsp;&nbsp; **If you are age 70 or older on**<br> **the rider effective date, add….**<br>|
| 1 | Zero | Zero |
| 2 | &nbsp;&nbsp;&nbsp; 40% x earnings at death<br> (see above)<br>| 15% x earnings at death |
| 3 & 4 | &nbsp;&nbsp;&nbsp; 40% x (earnings at death + 25%<br> of exchange purchase payment\*)<br>| &nbsp;&nbsp;&nbsp; 15% x (earnings at death + 25%<br> of exchange purchase payment\*)<br>|
| 5+ | &nbsp;&nbsp;&nbsp; 40% x (earnings at death + 50%<br> of exchange purchase payment\*)<br>| &nbsp;&nbsp;&nbsp; 15% x (earnings at death<br> + 50% of exchange purchase payment\*)<br>|

---

\*

Exchange purchase payments are purchase payments exchanged from another annuity or a life insurance policy that are identified at issue and not previously surrendered.

We are not responsible for identifying exchange purchase payments if we did not receive proper notification from the company from which the purchase payments are exchanged.

**Terminating the EEP** 

• You may terminate the EEP rider within 30 days of the first contract anniversary after the rider effective date.

• You may terminate the EEP rider within 30 days of any contract anniversary beginning with the seventh contract anniversary.

• The EEP rider will terminate when you make a full surrender from the contract or when annuity payouts begin.

• The EEP rider will terminate in the case of an ownership change.

• The EEP rider will terminate in the case of the spousal continuation if the new owner is age 76 or older.

For an example, see Appendix D.

**In general, if your spouse is the sole beneficiary**, and your spouse chooses to continue the contract as the contract owner, we will pay an amount into the contract so that the contract value equals the total death benefit payable under the EEP. If your spouse has reached age 76 at the time he or she elects to continue the contract, the EEP rider will terminate. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract, he or she cannot continue the EEP. However, he or she may choose to convert the EEP rider into an EEB. In this case, the following conditions will apply:

• the EEB rider will treat the new contract value on the date the ownership of the contract changes to your spouse (after the additional amount is paid into the contract) as if it is a purchase payment in calculating future values of "earnings at death."

• the percentages of "earnings at death" payable will be based on your spouse's age at the time he or she elects to continue the contract.

• the EEB rider charges described in "Charges and Adjustments – Optional Benefit Charges – Optional Death Benefit Charges **–** EEB Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the EEB rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the EEP rider.

If your spouse chooses not to convert the EEP rider into an EEB, the standard death benefit amount (or the MAV or 5-Year MAV death benefit amount, if applicable,) will apply.

**NOTE**: For special tax considerations associated with the EEP, see "Taxes."

**When we calculate this death benefit, we do not consider purchase payments credits as part of any purchase payments.** 

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Optional Living Benefits

Guaranteed Minimum Accumulation Benefit (Accumulation Benefit) Rider

The Accumulation Benefit rider is an optional benefit that you may select for an additional charge. It is available for nonqualified and qualified annuities except under 401(a) and 401(k) plans. The Accumulation Benefit rider specifies a waiting period that ends on the benefit date. The Accumulation Benefit rider provides a one-time adjustment to your contract value on the benefit date if your contract value is less than the Minimum Contract Accumulation Value (defined below) on that benefit date.

If the contract value falls to zero as the result of adverse market performance or the deduction of fees and/or charges at any time during the waiting period and before the benefit date, the contract and all riders, including the Accumulation Benefit rider will terminate without value and no benefits will be paid. **Exception:** if you are still living on the benefit date, we will pay you an amount equal to the Minimum Contract Accumulation Value as determined under the Accumulation Benefit rider on the valuation date your contract value reached zero.

If you are 80 or younger at contract issue, you may elect the Accumulation Benefit at the time you purchase your contract and the rider effective date will be the contract issue date. The Accumulation Benefit rider may not be terminated once you have elected it except as described in the "Terminating the Rider" section below. An additional charge for the Accumulation Benefit rider will be assessed annually during the waiting period. The rider ends when the waiting period expires and no further benefit will be payable and no further charges for the rider will be deducted. The Accumulation Benefit rider may not be purchased with the optional Withdrawal Benefit rider. The rider ends when the waiting period expires and no further benefit will be payable and no further charges for the rider will be deducted. After the waiting period, you have the following options:

&nbsp;&nbsp;&nbsp;&nbsp;• Continue your contract;

&nbsp;&nbsp;&nbsp;&nbsp;• Take partial surrenders or make a full surrender; or

&nbsp;&nbsp;&nbsp;&nbsp;• Annuitize your contract.

The Accumulation Benefit rider may not be available in all states.

You should consider whether an Accumulation Benefit rider is appropriate for you because:

• you must be invested in one of the approved investment options. This requirement limits your choice of investments. This means you will not be able to allocate contract value to all of the subaccounts, GPAs or the fixed account that are available under the contract to other contract owners who do not elect this rider. You may allocate qualifying purchase payments and applicable payment credits to the Special DCA account, when available (see "The Special DCA Account"), and we will make monthly transfers into the investment option you have chosen. (See "Making the Most of Your Contract – Portfolio Navigator Program and Portfolio Stabilizer Funds");

• you may not make additional purchase payments to your contract during the waiting period after the first 180 days immediately following the effective date of the Accumulation Benefit rider. Some exceptions apply (see "Additional Purchase Payments with Elective Step-up" below);

• if you purchase this contract as a qualified annuity, for example, an IRA, you may need to take partial surrenders from your contract to satisfy the RMDs under the Code. Partial surrenders, including those used to satisfy RMDs, will reduce any potential benefit that the Accumulation Benefit rider provides. You should consult your tax advisor if you have any questions about the use of this rider in your tax situation;

• if you think you may surrender all of your contract value before you have held your contract with this benefit rider attached for 10 years, or you are considering selecting an annuity payout option within 10 years of the effective date of your contract, you should consider whether this optional benefit is right for you. You must hold the contract a minimum of 10 years from the effective date of the Accumulation Benefit rider, which is the length of the waiting period under the Accumulation Benefit rider, in order to receive the benefit, if any, provided by the Accumulation Benefit rider. In some cases, as described below, you may need to hold the contract longer than 10 years in order to qualify for any benefit the Accumulation Benefit rider may provide;

• the 10 year waiting period under the Accumulation Benefit rider will restart if you exercise the elective step-up option (described below) or your surviving spouse exercises the spousal continuation elective step-up (described below); and

• the 10 year waiting period under the Accumulation Benefit rider may be restarted if you elect to change your PN program investment option to one that causes the Accumulation Benefit rider charge to increase (see "Charges and Adjustments").

Be sure to discuss with your sales representative whether an Accumulation Benefit rider is appropriate for your situation.

**Here are some general terms that are used to describe the operation of the Accumulation Benefit:** 

**Benefit Date:** This is the first valuation date immediately following the expiration of the waiting period.

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**Minimum Contract Accumulation Value (MCAV):** An amount calculated under the Accumulation Benefit rider. The contract value will be increased to equal the MCAV on the benefit date if the contract value on the benefit date is less than the MCAV on the benefit date.

**Adjustments for Partial Surrenders:** The adjustment made for each partial surrender from the contract is equal to the amount derived from multiplying (a) and (b) where:

(a) is 1 minus the ratio of the contract value on the date of (but immediately after) the partial surrender to the contract value on the date of (but immediately prior to) the partial surrender; and

(b) is the MCAV on the date of (but immediately prior to) the partial surrender.

**Waiting Period:** The waiting period for the rider is 10 years.

We reserve the right to restart the waiting period on the latest contract anniversary if you change your investment option after we have exercised our rights to increase the rider fee.

Your initial MCAV is equal to your initial purchase payment and any purchase payment credit. It is increased by the amount of any subsequent purchase payments and purchase payment credits received within the first 180 days that the rider is effective. It is reduced by any adjustments for partial surrenders made during the waiting period.

**Automatic Step-Up** 

On each contract anniversary after the effective date of the rider, the MCAV will be set to the greater of:

1. 80% of the contract value on the contract anniversary; or

2. the MCAV immediately prior to the automatic step-up.

The automatic step-up does not create contract value, guarantee the performance of any investment option, or provide a benefit that can be surrendered or paid upon death. Rather, the Automatic Step-up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date.

The automatic step-up of the MCAV does not restart the waiting period or increase the charge (although the total fee for the rider may increase).

**Elective Step-Up Option** 

Within thirty days following each contract anniversary after the rider effective date, but prior to the benefit date, you may notify us in writing that you wish to exercise the annual elective step-up option. You may exercise this elective step-up option only once per contract year during this 30 day period. If your contract value on the valuation date we receive your written request to step-up is greater than the MCAV on that date, your MCAV will increase to 100% of that contract value.

We may increase the fee for your rider (see "Charges and Adjustments – Optional Benefit Charges – Optional Living Benefit Charges – Accumulation Benefit Rider Charge"). The revised fee would apply to your rider if you exercise the annual elective step-up, your MCAV is increased as a result, and the revised fee is higher than your annual rider fee before the elective step-up. Elective step-ups will also result in a restart of the waiting period as of the most recent contract anniversary.

The elective step-up does not create contract value, guarantee the performance of any investment option or provide any benefit that can be surrendered or paid upon death. Rather the elective step-up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date.

The elective step-up option is not available to non-spouse beneficiaries that continue the contract during the waiting period. The elective step-up is not available if the benefit date would be after the settlement date (see the Settlement Date section for settlement date options)

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.

**Additional Purchase Payments with Annual Elective Step-ups** 

If your MCAV is increased as a result of elective step-up, you have 180 days from the latest contract anniversary to make additional purchase payments, if allowed under the base contract. The MCAV will include the amount of any additional purchase payments and purchase payment credits (if applicable) received during this period.

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**Spousal Continuation** 

If a spouse chooses to continue the contract under the spousal continuation provision, the rider will continue as part of the contract. Once, within the thirty days following the date of spousal continuation, the spouse may choose to exercise an elective step-up. The spousal continuation elective step-up is in addition to the annual elective step-up. If the contract value on the valuation date we receive the written request to exercise this option is greater than the MCAV on that date, we will increase the MCAV to that contract value. If the MCAV is increased as a result of the elective step-up and we have increased the charge for the Accumulation Benefit rider, the spouse will pay the charge that is in effect on the valuation date we receive their written request to step-up for the entire contract year. In addition, the waiting period will restart as of the most recent contract anniversary.

**Terminating the Rider** 

The rider will terminate under the following conditions:

The rider will terminate before the benefit date without paying a benefit on the date:

&nbsp;&nbsp;&nbsp;&nbsp;• you take a full surrender; or

&nbsp;&nbsp;&nbsp;&nbsp;• annuitization begins; or

&nbsp;&nbsp;&nbsp;&nbsp;• the contract terminates as a result of the death benefit being paid.

The rider will terminate on the benefit date.

For an example, see Appendix D.

Guaranteed Minimum Withdrawal Benefit Rider

(Withdrawal Benefit and Enhanced Withdrawal Benefit)

The Withdrawal Benefit rider is an optional benefit that you may select for an additional annual charge if you are 80 or younger on the date the contract is issued. It is available for nonqualified and qualified annuities except under 401(a) and 401(k) plans.<sup>(1)</sup>

<sup>(1)</sup>

The Withdrawal Benefit rider is not available under an inherited qualified annuity.

You must have elected the Withdrawal Benefit rider when you purchased your contract (original rider). The original rider you received at contract issue offers an elective annual step-up. The rider effective date of the original rider is the contract issue date.

We offered you the option of replacing the original rider with a new Withdrawal Benefit (enhanced rider). The enhanced rider offers an automatic annual step-up and a withdrawal after a step-up during the first three contract years is not necessarily an excess withdrawal, as described below. The effective date of the enhanced rider will be the contract issue date except for the automatic step-up which will apply to contract anniversaries that occur after you accept the enhanced rider. The descriptions below apply to both the original and enhanced riders unless otherwise noted.

The Withdrawal Benefit initially provides a guaranteed minimum withdrawal benefit that gives you the right to take limited partial withdrawals in each contract year that over time will total an amount equal to your purchase payments plus any purchase payment credits. Certain withdrawals and step-ups, as described below, can cause the initial guaranteed withdrawal benefit to change. The guarantee remains in effect if your partial withdrawals in a contract year do not exceed the allowed amount. As long as your withdrawals in each contract year do not exceed the allowed amount, you will not be assessed a surrender charge. Under the original rider, the allowed amount is the Guaranteed Benefit Payment (GBP – the amount you may withdraw under the terms of the rider in each contract year, subject to certain restrictions prior to the third contract anniversary, as described below). Under the enhanced rider, the allowed amount is equal to 7% of purchase payments and purchase payment credits for the first three contract years, and the GBP in all other years.

If you withdraw an amount greater than the allowed amount in a contract year, we call this an "excess withdrawal" under the rider. If you make an excess withdrawal under the rider:

&nbsp;&nbsp;&nbsp;&nbsp;• surrender charges, if applicable, will apply only to the amount of the withdrawal that exceeds the allowed amount;

&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Benefit Amount (GBA) will be adjusted as described below; and

&nbsp;&nbsp;&nbsp;&nbsp;• the Remaining Benefit Amount (RBA) will be adjusted as described below.

For a partial withdrawal that is subject to a surrender charge, the amount we actually deduct from your contract value will be the amount you request plus any applicable surrender charge (see "Charges and Adjustments – Transaction Expenses – Surrender Charge"). Market value adjustments, if applicable, will also be made (see the "Charges and Adjustments – Adjustments – Market Value Adjustments" provision in the prospectus). We pay you the amount you request. Any partial withdrawals you take under the contract will reduce the value of the death benefits (see "Benefits in Case of Death"). Upon full withdrawal of the contract, you will receive the remaining contract value less any applicable charges (see "Surrenders").

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Once elected, the Withdrawal Benefit rider may not be cancelled by you and the fee will continue to be deducted until the contract is terminated, the contract value reduces to zero (described below) or annuity payouts begin. If you select the Withdrawal Benefit rider, you may not select the Accumulation Benefit rider. If you exercise the annual step-up election (see "Elective Step-up" and "Annual Step-up" below), the special spousal continuation step-up election (see "Spousal Continuation and Special Spousal Continuation Step-up" below) or change your Portfolio Navigator investment option, the rider charge may change (see "Charges and Adjustments").

**Withdrawal Benefit is subject to certain restrictions and limitations described below:** 

You will begin paying the rider charge as of the rider effective date, even if you do not begin taking withdrawals for many years. It is possible that your contract performance, fees and charges, and withdrawal pattern may be such that your contract value will not be depleted in your lifetime and you will not receive any monetary value under the rider.

• **Investment Allocation Restrictions:** You must elect one of the approved investment options. These funds are expected to reduce our financial risks and expenses associated with certain living benefits. Although the funds' investment strategies may help mitigate declines in your contract value due to declining equity markets, the funds' investment strategies may also curb your contract value gains during periods of positive performance by the equity markets. Additionally, investment in the funds may decrease the number and amount of any benefit base increase opportunities. We reserve the right to add, remove or substitute approved investment options in the future. This requirement limits your choice of investments. This means you will not be able to allocate contract value to all of the subaccounts or the fixed account that are available under the contract to contract owners who do not elect this rider. You may allocate qualifying purchase payments and applicable purchase payment credits to the Special DCA account, when available (see "The Special DCA Account"), and we will make monthly transfers into the investment option you have chosen. (See "Making the Most of Your Contract – Portfolio Navigator Program and Portfolio Stabilizer Funds");

• **Limitations on Tax-Sheltered Annuities (TSAs):** Your right to take withdrawals is restricted if your contract is a TSA (see "TSA – Special Provisions"). Therefore, Withdrawal Benefit rider may be of limited value to you. You should consult your tax advisor if you selected this optional rider and if you have any questions about the use of this rider in your tax situation;

• **Limitations on purchase payments:** We reserve the right to limit the cumulative amount of purchase payments We reserve the right to limit the cumulative amount of purchase payments (subject to state restrictions), which may limit your ability to make additional purchase payments to increase your contract value as you may have originally intended. For current limitations, see "Buying Your Contract – Purchase Payment."

• **Non-Cancelable:** Once elected, the Withdrawal Benefit rider may not be cancelled by you and the fee will continue to be deducted until the contract is terminated, the contract value reduces to zero (described below) or annuity payouts begin.

• **Interaction with the total free amount (TFA) contract provision:** The TFA is the amount you are allowed to withdraw in each contract year without incurring a surrender charge (see "Charges and Adjustments – Transaction Expenses – Surrender Charge"). The TFA may be greater than the RBP under this rider. Any amount you withdraw under the contract's TFA provision that exceeds the RBP is subject to the excess withdrawal processing for the GBA and Remaining Benefit Amount (RBA) described below.

**You should consult your tax advisor if you have any questions about the use of this rider in your tax situation:** 

• **Tax considerations for non-qualified annuities:** Withdrawals are taxable income to the extent of earnings. Withdrawals of earnings before age 59½ may also incur a 10% IRS early withdrawal penalty.

• **Tax considerations for qualified annuities:** Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes – Qualified Annuities – Required Minimum Distributions"). If you have a qualified annuity, you may need to take an RMD that exceeds the guaranteed amount of withdrawal available under the rider and such withdrawals may reduce future benefits guaranteed under the rider. Under the terms of the enhanced rider, we allow you to satisfy the RMD based on the life expectancy RMD for your contract and the requirements of the Code and regulations in effect when you purchase your contract, without the withdrawal being treated as an excess withdrawal. It is our current administrative practice to make the same accommodation under the original rider, however, we reserve the right to discontinue this administrative practice and will give you 30 days' written notice of any such change.

**Treatment of non-spousal distributions:** Unless you are married your beneficiary will be required to take distributions as a non-spouse which may result in significantly decreasing the value of the rider.

Please note civil unions and domestic partnerships generally are not recognized as marriages for federal tax purposes. For additional information see "Taxes – Other – Spousal status" section of this prospectus.

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For contract holders subject to annual RMD rules under Section 401(a)(9) of the Code, amounts you withdraw each year from this contract to satisfy these rules are not subject to excess withdrawal processing under the terms of the rider, subject to the following rules and our current administrative practice:

If on the date we calculated your Annual Life Expectancy Required Minimum Distribution Amount (ALERMDA), it is greater than the RBP from the beginning of the current contract year,

&nbsp;&nbsp;&nbsp;&nbsp;• A Basic Additional Benefit Amount (BABA) will be set equal to that portion of your ALERMDA that exceeds the value of the RBP from the beginning of the current contract year.

&nbsp;&nbsp;&nbsp;&nbsp;• Any withdrawals taken in a contract year will count first against and reduce the RBP for that contract year.

&nbsp;&nbsp;&nbsp;&nbsp;• Once the RBP for the current contract year has been depleted, any additional amounts withdrawn will count against and reduce the BABA. These withdrawals will not be considered excess withdrawals with regard to the GBA and RBA as long as they do not exceed the remaining BABA.

&nbsp;&nbsp;&nbsp;&nbsp;• Once the BABA has been depleted, any additional withdrawal amounts will be considered excess withdrawals with regard to the GBA and RBA and will subject them all to the excess withdrawal processing described by the rider.

The ALERMDA is:

(1) determined by us each calendar year;

(2) based on the value of this contract alone on the date it is determined; and

(3) based on the company's understanding and interpretation of the requirements for life expectancy distributions intended to satisfy the required minimum distribution rules under Code Section 401(a) (9) and the Treasury Regulations promulgated thereunder, as applicable on the effective date of this prospectus, to:

1. IRAs under Section 408(b) of the Code;

2. Roth IRAs under Section 408A of the Code;

3. SIMPLE IRA under Section 408A of the Code;

4. SEP plans under Section 408 (k) of the Code;

5. Custodial and investment only plans under Section 401 (a) of the Code;

6. TSAs under Section 403(b) of the Code.

In the future, the requirements under tax law for such distributions may change and the life expectancy amount calculation provided under your rider may not be sufficient to satisfy the requirements under the tax law for these types of distributions. In such a situation, amounts withdrawn to satisfy such distribution requirements would exceed your available withdrawal amount and may result in the reduction of your GBA and/or RBA as described under the excess withdrawal provision of the rider.

RMD rules follow the calendar year which most likely does not coincide with your contract year and therefore may limit when you can take your RMD and not be subject to excess withdrawal processing.

In cases where the Code does not allow the life expectancy of a natural person to be used to calculate the required minimum distribution amount (e.g. some ownerships by trusts and charities), we will calculate the life expectancy RMD amount as zero in all years. The annual life expectancy required minimum distribution amount calculated by us will also equal zero in all years.

**The terms "Guaranteed Benefit Amount" and "Remaining Benefit Amount" are described below. Each is used in the operation of the GBP, the RBP, the elective step-up, the annual step-up, the special spousal continuation step-up and the Withdrawal Benefit annuity payout option.** 

**Guaranteed Benefit Amount** 

The Guaranteed Benefit Amount (GBA) is equal to the initial purchase payment, plus any purchase payment credits, adjusted for subsequent purchase payments, any purchase payment credits, partial withdrawals in excess of the GBP, and step-ups. The maximum GBA is $5,000,000.

**The GBA is determined at the following times:** 

• *At contract issue* — the GBA is equal to the initial purchase payment, plus any purchase payment credit;

• *When you make additional purchase payments* — each additional purchase payment plus any purchase payment credit has its own GBA equal to the amount of the purchase payment plus any purchase payment credit. The total GBA when an additional purchase payment and purchase payment credit are added is the sum of the individual GBAs immediately prior to the receipt of the additional purchase payment, plus the GBA associated with the additional purchase payment;

• *At step-up* — (see "Elective Step-Up" and "Annual Step-Up" headings below).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• *When you make a partial withdrawal:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *and all of your withdrawals in the current contract year, including the current withdrawal, are less than or equal to the GBP* — the GBA remains unchanged. Note that if the partial withdrawal is taken during the first three contract years, the GBA and the GBP are calculated after the reversal of any prior step-ups;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *and all of your withdrawals in the current contract year, including the current withdrawal, are greater than the GBP* — **the following excess withdrawal processing will be applied to the GBA**. Note that if the partial withdrawal is taken during the first three contract years, the GBA and the GBP are calculated after the reversal of any prior step-ups;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *under the original rider in a contract year after a step-up but before the third contract anniversary* — **the following excess withdrawal processing will be applied to the GBA**. Note that the GBA and the GBP are calculated after the reversal of prior step-ups.

**GBA Excess Withdrawal Processing** 

The total GBA will automatically be reset to the lesser of (a) the total GBA immediately prior to the withdrawal; or (b) the contract value immediately following the withdrawal. If there have been multiple purchase payments, each payment's GBA after the withdrawal will be reset to equal that payment's RBA after the withdrawal plus (a) times (b), where:

(a) is the ratio of the total GBA after the withdrawal less the total RBA after the withdrawal to the total GBA before the withdrawal less the total RBA after the withdrawal; and

(b) is each payment's GBA before the withdrawal less that payment's RBA after the withdrawal.

**Remaining Benefit Amount** 

The remaining benefit amount (RBA) at any point is the total guaranteed amount available for future partial withdrawals. The maximum RBA is $5,000,000.

The RBA is determined at the following times:

• *At contract issue* — the RBA is equal to the initial purchase payment plus any purchase payment credit;

• *When you make additional purchase payments* — each additional purchase payment plus any purchase payment credit has its own RBA equal to the amount of the purchase payment plus any purchase payment credit. The total RBA when an additional purchase payment and purchase payment credit are added is the sum of the individual RBAs immediately prior to the receipt of the additional purchase payment, plus the RBA associated with the additional payment;

• *At step-up* — (see "Elective Step-up" and "Annual Step-up" headings below).

• *When you make a partial withdrawal:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *and all of your withdrawals in the current contract year, including the current withdrawal, are less than or equal to the GBP* — the RBA becomes the RBA immediately prior to the partial withdrawal, less the partial withdrawal. Note that if the partial withdrawal is taken during the first three contract years, the RBA and the GBP are calculated after the reversal of any prior step-ups;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *and all of your withdrawals in the current contract year, including the current withdrawal, are greater than the GBP* — **the following excess withdrawal processing will be applied to the RBA**. Note that if the partial withdrawal is taken during the first three contract years, the RBA and the GBP are calculated after the reversal of any prior step-ups;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *under the original rider after a step-up but before the third contract anniversary* — **the following excess withdrawal processing will be applied to the RBA. Note that the RBA** and the GBP are calculated after the reversal of prior step-ups.

**RBA Excess Withdrawal Processing** 

The RBA will automatically be reset to the lesser of (a) the contract value immediately following the withdrawal, or (b) the RBA immediately prior to the withdrawal, less the amount of the withdrawal.

If there have been multiple purchase payments, any reduction of the RBA will be taken out of each payment's RBA in the following manner:

The withdrawal amount up to the remaining benefit payment (defined below) is taken out of each RBA bucket in proportion to its remaining benefit payment at the time of the withdrawal; and the withdrawal amount above the remaining benefit payment and any amount determined by the excess withdrawal processing are taken out of each RBA bucket in proportion to its RBA at the time of the withdrawal.

**Guaranteed Benefit Payment** 

Under the original rider, the GBP is the amount you may withdraw under the terms of the rider in each contract year, subject to certain restrictions prior to the third anniversary.

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Under the enhanced rider, the GBP is the withdrawal amount that you are entitled to take each contract year after the third anniversary until the RBA is depleted.

Under the original rider, the GBP is equal to 7% of the GBA. Under the enhanced rider, the GBP is the lesser of a) 7% of the GBA or (b) the RBA. Under both the original and enhanced riders, if you withdraw less than the GBP in a contract year, there is no carry over to the next contract year.

**Remaining Benefit Payment** 

Under the original rider, at the beginning of each contract year, the remaining benefit payment (RBP) is set as the lesser of (a) the GBP, or (b) the RBA.

Under the enhanced rider, at the beginning of each contract year, during the first three contract years and prior to any withdrawal, the RBP for each purchase payment is set equal to that purchase payment plus any purchase payment credit, multiplied by 7%. At the beginning of any other contract year, each individual RBP is set equal to each individual GBP.

Each additional purchase payment has its own RBP established equal to that payment's GBP. The total RBP is equal to the sum of the individual RBPs.

Whenever a partial withdrawal is made, the RBP equals the RBP immediately prior to the partial withdrawal less the amount of the partial withdrawal, but not less than zero.

**Elective Step-up (Under the Original Rider Only)** <br>You have the option to increase the RBA, the GBA, the GBP and the RBP beginning with the first contract anniversary. An annual elective step-up option is available for 30 days after the contract anniversary. The elective step-up option allows you to step-up the remaining benefit amount and guaranteed benefit amount to the contract value on the valuation date we receive your written request to step-up.

The elective step-up is subject to the following rules:

• if you do not take any withdrawals during the first three contract years, you may step-up annually beginning with the first contract anniversary;

• if you take any withdrawals during the first three contract years, the annual elective step-up will not be available until the third contract anniversary;

• if you step-up on the first or second contract anniversary but then take a withdrawal prior to the third contract anniversary, you will lose any prior step-ups and the withdrawal will be considered an excess withdrawal subject to the GBA and RBA excess withdrawal processing discussed under the "Guaranteed Benefit Amount" and "Remaining Benefit Amount" headings above, and to surrender charges; and

• you may take withdrawals on or after the third contract anniversary without reversal of previous step-ups

You may elect a step-up only once each contract year within 30 days after the contract anniversary. Once a step-up has been elected, another step-up may not be elected until the next contract anniversary.

**Rider A**<sup>(1)</sup>**:** You may only step-up if your contract value on the valuation date we receive your written request to step-up is greater than RBA. The elective step-up will be determined as follows:

• The effective date of the elective step-up is the valuation date we receive your written request to step-up.

• The RBA will be increased to an amount equal to the contract value on the valuation date we receive your written request to step-up.

• The GBA will be increased to an amount equal to the greater of (a) the GBA immediately prior to the elective step-up; or (b) the contract value on the valuation date we receive your written request to step-up.

• The GBP will be increased to an amount equal to the greater of (a) the GBP immediately prior to the step-up; or (b) 7% of the GBA after the step-up.

• The RBP will be increased to the lesser of (a) the RBA after the elective step-up; or (b) the GBP after the elective step-up.

**Rider B**<sup>(1)</sup>**:** You may only step-up if your contract value is greater than RBA. The elective step-up will be determined as follows:

• The effective date of the elective step-up is the contract anniversary.

• The RBA will be increased to an amount equal to the contract anniversary value.

• The GBA will be increased to an amount equal to the greater of (a) the GBA immediately prior to the elective step-up; or (b) the contract anniversary value.

• The GBP will be increased to an amount equal to the greater of (a) the GBP immediately prior to the step-up; or (b) 7% of the GBA after the step-up.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• The RBP will be increased to the lesser of (a) the RBA after the elective step-up; or (b) the GBP after the elective step-up.

<sup>(1)</sup>

Before April 29, 2005 we only offered Rider B. We began offering Rider A in states where it is approved and discontinued offering Rider B in those states, on April 29, 2005. If you purchased a contract with this optional benefit rider before April 29, 2005 the references to Rider B generally apply to your contract (see the rider attached to your contract for the actual terms of the benefit you purchased). If you purchased a contract on or after April 20, 2005 with this benefit, the version we offer you depends on which state you live in. The discussion about this benefit and how it works applies generally to both riders unless otherwise noted.

**Annual Step-up (Under the Enhanced Rider Only)** <br>Beginning with the first contract anniversary after you accept the enhanced rider, an increase of the RBA, the GBA, the GBP and the RBP may be available. A step-up does not create contract value, guarantee performance of any investment options, or provide a benefit that can be withdrawn or paid upon death. Rather, a step-up determines the current values of the GBA, RBA, GBP, and RBP, and may extend the payment period or increase allowable payment.

The annual step-up is subject to the following rules:

• The annual step-up is available when the RBA would increase on the step-up date. The applicable step-up date depends on whether the annual step-up is applied on an automatic or elective basis.

• If the application of the step does not increase the rider charge, the annual step-up will be automatically applied to your contract and the step-up date is the contract anniversary date.

• If the application of the step-up would increase the rider charge (see the "Withdrawal Benefit Rider Fee" provision in the prospectus), the annual step-up is not automatically applied. Instead, you have the option to step-up for 30 days after the contract anniversary. If you exercise the elective annual step-up option, you will pay the rider charge in effect on the step-up date. If you wish to exercise the elective annual step-up option, we must receive a request from you or your investment professional. The step-up date is the date we receive your request to step-up. If your request is received after the close of business, the step-up date will be the next valuation day.

• Only one step-up is allowed each contract year.

• If you take any withdrawals during the first three contract years, any previously applied step-ups will be reversed and the annual step-up will not be available until the third contract anniversary;

• You may take withdrawals on or after the third contract anniversary without reversal of previous step-ups. The annual step-up will be determined as follows:

• The RBA will be increased to an amount equal to the contract value on the step-up date.

• The GBA will be increased to an amount equal to the greater of (a) the GBA immediately prior to the annual step-up; or (b) the contract value on the step-up date.

• The GBP will be calculated as described earlier, but based on the increased GBA and RBA.

• The RBP will be reset as follows:

(a) Prior to any withdrawals during the first three contract years, the RBP will not be affected by the step-up.

(b) At any other time, the RBP will be reset as the increased GBP less all prior withdrawals made during the current contract year, but not less than zero.

**Spousal Continuation and Special Spousal Continuation Step-up** 

If a surviving spouse elects to continue the contract, this rider also continues. The spousal continuation step-up is in addition to the elective step-up or the annual step-up on contract anniversaries.

A surviving spouse may elect a spousal continuation step-up by written request within 30 days following the spouse's election to continue the contract.

Under this step-up, the RBA will be reset to the greater of the RBA or the contract value on the valuation date we receive the spouse's written request to step-up; the GBA will be reset to the greater of the GBA or the contract value on the same valuation date.

If a spousal continuation step-up is elected and we have increased the charge for the rider, the spouse will pay the charge that is in effect on the valuation date we receive the written request to step-up.

It is our current administrative practice to process the spousal continuation step-up as described in the next paragraph; however, we reserve the right to discontinue the administrative practice and will give you 30 days' written notice of any such change.

At the time of spousal continuation, a step-up may be available. All annual step-up rules (see "Annual Step-Up" heading above), other than those that apply to the waiting period, also apply to the spousal continuation step-up. If the spousal continuation step-up is processed automatically, the step-up date is the valuation date the spousal continuation is effective. If not, the spouse must elect the step-up and must do so within 30 days of the spousal continuation date. If

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the spouse elects the spousal continuation step-up, the step-up date is the valuation date we receive the spouse's written request to step-up if we receive the request by the close of business on that day, otherwise the next valuation date.

**Remaining Benefit Amount Payout Option** 

Several annuity payout plans are available under the contract. As an alternative to these annuity payout plans, a fixed annuity payout option is available under the Withdrawal Benefit.

Under this option the amount payable each year will be equal to the remaining schedule of GBPs, but the total amount paid over the life of the annuity will not exceed the current total RBA at the time you begin this fixed annuity option. These annualized amounts will be paid in the frequency that you elect. The frequencies will be among those offered by us at that time but will be no less frequent than annually. If, at the death of the owner, total payments have been made for less than the RBA, the remaining payments will be paid to the beneficiary (see "The Annuity Payout Period" and "Taxes").

This annuity payout option may also be elected by the beneficiary of a contract as a settlement option if payments begin no later than one year after your death and the payout period does not extend beyond the beneficiary's life or life expectancy. Whenever multiple beneficiaries are designated under the contract, each such beneficiary's share of the proceeds if they elect this option will be in proportion to their applicable designated beneficiary percentage. Beneficiaries of nonqualified contracts may elect this settlement option subject to the distribution requirements of the contract. We reserve the right to adjust the remaining schedule of GBPs if necessary to comply with the Code.

**If Contract Value Reduces to Less Than $600\*** <br>If the contract value reduces to less than $600 and the RBA remains greater than zero, the following will occur:

• you will be paid according to the annuity payout option described above;

• we will no longer accept additional purchase payments;

• you will no longer be charged for the rider;

• any attached death benefit riders will terminate; and

• the death benefit becomes the remaining payments under the annuity payout option described above. If the contract value falls to zero and the RBA is depleted, the Withdrawal Benefit rider and the contract will terminate.

\*

Under our current administrative practice, we allow the minimum contract value to be $0. Therefore, these limitations will only apply when the contract value is reduced to zero.

For an example, see Appendix D.

The Annuity Payout Period

As owner of the contract, you have the right to decide how and to whom annuity payouts will be made starting at the settlement date. You may select one of the annuity payout plans outlined below, or we may mutually agree on other payout arrangements. Currently, we make annuity payments on a monthly, quarterly, semi-annually and annual basis. Assuming the initial payment is on the same date, more frequent payments will generally result in higher total payments over the year. As discussed below, certain annuity payout options have a "guaranteed period," during which payments are guaranteed to continue. Longer guaranteed periods will generally result in lower annuity payment amounts. With a shorter guaranteed period, the amount of each annuity payment will be greater. Payments that occur more frequently will be smaller than those occurring less frequently.

We do not deduct surrender charges upon settlement but surrender charges may be applied when electing to exercise liquidity features we may make available under certain fixed annuity payout options.

You also decide whether we will make annuity payouts on a fixed or variable basis, or a combination of fixed and variable. The amount available to purchase payouts under the plan you select is the contract value on your settlement date (after any rider charges have been deducted, plus or minus any applicable MVA, less any purchase payment credits subject to reversal and less any applicable premium tax). Additionally, we currently allow you to use part of the amount available to purchase payouts, leaving any remaining contract value to accumulate on a tax-deferred basis. Special rules apply for partial annuitization of your annuity contract, see "Taxes – Nonqualified Annuities – Annuity payouts" and "Taxes – Qualified Annuities – Annuity payouts." If you select a variable annuity payout, we reserve the right to limit the number of subaccounts in which you may invest. The GPAs and, the Special DCA fixed account is are not available during this payout period.

**Amounts of fixed and variable payouts depend on:** 

• the annuity payout plan you select;

• the annuitant's age and, in most cases, the annuitant's sex;

• the annuity table in the contract; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• the amounts you allocated to the accounts at settlement.

In addition, for variable payouts only, amounts depend on the investment performance of the subaccounts you select. These payouts will vary from month to month based on the performance of the funds. Fixed payouts generally remain the same from month to month unless you have elected an option providing for increasing payments or are exercising any available liquidity features we may offer and you have elected.

For information with respect to transfers between accounts after annuity payouts begin, see "Making the Most of Your Contract – Transfer Policies."

Annuity Tables

The annuity tables in your contract (Table A and Table B) show the amount of the monthly payout for each $1,000 of contract value according to the age and, when applicable, the sex of the annuitant. (Where required by law, we will use a unisex table of settlement rates.)

Table A shows the amount of the first variable payout assuming that the contract value is invested at the beginning of the annuity payout period and earns a 5% rate of return, which is reinvested and helps to support future payouts. If you ask us at least 30 days before the settlement date, we will substitute an annuity table based on an assumed 3.5% investment rate for the 5% Table A in the contract. The assumed investment rate affects both the amount of the first payout and the extent to which subsequent payouts increase or decrease. For example, annuity payouts will increase if the investment return is above the assumed investment rate and payouts will decrease if the return is below the assumed investment rate. Using the 5% assumed interest rate Table A results in a higher initial payment, but later payouts will increase more slowly when annuity unit values rise and decrease more rapidly when they decline.

Table B shows the minimum amount of each fixed payout. Amounts in Table B are based on the guaranteed annual effective interest rate shown in your contract. We declare current payout rates that we use in determining the actual amount of your fixed payout. The current payout rates will equal or exceed the guaranteed payout rates shown in Table B. We will furnish these rates to you upon request.

Annuity Payout Plans

We make available variable annuity payouts where payout amounts may vary based on the performance of the variable account. We may also make fixed annuity payouts available where payments of a fixed amount are made for the period specified in the plan, subject to any surrender we may permit. You may choose any one of these annuity payout plans by giving us written instructions at least 30 days before the settlement date:

• **Plan A – Life annuity – no refund:** We make monthly payouts until the annuitant's death. Payouts end with the last payout before the annuitant's death. We will not make any further payouts. This means that if the annuitant dies after we made only one monthly payout, we will not make any more payouts.

• **Plan B – Life annuity with five, ten or 15 years certain:** We make monthly payouts for a guaranteed payout period of five, ten or 15 years that you elect. This election will determine the length of the payout period to the beneficiary in the event the annuitant dies before the elected period expires. We calculate the guaranteed payout period from the settlement date. If the annuitant outlives the elected guaranteed payout period, we will continue to make payouts until the annuitant's death.

• **Plan C – Life annuity – installment refund:** We make monthly payouts until the annuitant's death, with our guarantee that payouts will continue for some period of time. We will make payouts for at least the number of months determined by dividing the amount applied under this option by the first monthly payout, whether or not the annuitant is living.

• **Plan D – Joint and last survivor life annuity – no refund:** We make monthly payouts while both the annuitant and a joint annuitant are living. If either annuitant dies, we will continue to make monthly payouts at the full amount until the death of the surviving annuitant. Payouts end with the death of the second annuitant.

• **Plan E – Payouts for a specified period:** We make monthly payouts for a specific payout period of ten to 30 years that you elect. We will make payouts only for the number of years specified whether the annuitant is living or not. Depending on the selected time period, it is foreseeable that an annuitant can outlive the payout period selected. During the payout period, you can elect to have us determine the present value of any remaining payouts and pay it to you in a lump sum.

&nbsp;&nbsp;&nbsp;&nbsp;• **Withdrawal Benefit –** RBA Payout Option: If you have a Withdrawal Benefit rider under your contract, you may elect the Withdrawal Benefit RBA payout option as an alternative to the above annuity payout plans. This option may not be available if the contract is issued to qualify under Sections 403 or 408 of the Code. For such contracts, this option will be available only if the guaranteed payout period is less than the life expectancy of the owner at the time the option becomes effective. Such life expectancy will be computed using life expectancy tables published by IRS. Under this option, the amount payable each year will be equal to the future schedule of GBPs, but the total amount paid over the life of the annuity will not exceed the total RBA at the time you begin this fixed payout option (see "Optional Benefits –

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Withdrawal Benefit"). These annualized amounts will be paid in the frequency that you elect. The frequencies will be among those offered by us at the time but will be no less frequent than annually. If, at the death of the owner, total payouts have been made for less than the RBA, the remaining payouts will be paid to the beneficiary.

For Plan A, if the annuitant dies before the initial payment, no payments will be made. For Plan B, if the annuitant dies before the initial payment, the payments will continue for the guaranteed payout period. For Plan C, if the annuitant dies before the initial payment, the payments will continue for the installment refund period. For Plan D, if both annuitants die before the initial payment, no payments will be made; however, if one annuitant dies before the initial payment, the payments will continue until the death of the surviving annuitant.

In addition to the annuity payout plans described above, we may offer additional payout plans. These plans may include cash refund features providing a guarantee of receiving at least a return of the settlement amount (less any annuity payments made and premium tax paid) in the event of the annuitant's death, term certain installment plans with varying durations, and liquidity features allowing access under certain circumstances to a surrender of the underlying value of remaining payouts. Terms and conditions of annuity payout plans will be disclosed at the time of election, including any associated fees or charges. It is important to remember that the election and use of liquidity features may either reduce the amount of future payouts you would otherwise receive or result in payouts ceasing.

**Utilizing a liquidity feature to surrender the underlying value of remaining payouts may result in the assessment of a surrender charge (See "Charges and Adjustments – Transaction Expenses – Surrender Charge") or a 10% IRS penalty tax. (See "Taxes.")** 

The annuitant's age at the time annuity payments commence will affect the amount of each payment for annuity payment plans involving lifetime income. The amount of each annuity payment to older annuitants will be greater than for younger annuitants because payments to older annuitants are expected to be fewer in number. For annuity payment plans that do not involve lifetime income, the length of the guaranteed period will affect the amount of each payment.

**Annuity payout plan requirements for qualified annuities:** If your contract is a qualified annuity, you must select a payout plan as of the settlement date set forth in your contract. You have the responsibility for electing a payout plan under your contract that complies with applicable law. Your contract describes your payout plan options. The options will generally meet certain IRS regulations governing RMDs if the payout plan meets the incidental distribution benefit requirements, if any, and the payouts are made:

• in equal or substantially equal payments over a period not longer than your life expectancy or over the joint life expectancy of you and your designated beneficiary; or

• over a period certain not longer than your life expectancy or over the joint life expectancy of you and your designated beneficiary.

**If we do not receive instructions:** You must give us written instructions for the annuity payouts at least 30 days before the annuitant's settlement date. If you do not, we will make payouts under Plan B, with 120 monthly payouts guaranteed. Contract values that you allocated to the fixed account will provide fixed dollar payouts and contract values that you allocated among the subaccounts will provide variable annuity payouts.

**If monthly payouts would be less than $20:** We will calculate the amount of monthly payouts at the time amounts are applied to a payout plan. If the calculations show that monthly payouts would be less than $20, we have the right to pay the contract value to the owner in a lump sum or to change the frequency of the payouts.

**Death after annuity payouts begin:** If you die after annuity payouts begin, we will pay any amount payable to the beneficiary as provided in the annuity payout plan in effect. Payments to beneficiaries are subject to adjustment to comply with the IRS rules and regulations.

Taxes

Under current law, your contract has a tax-deferral feature. Generally, this means you do not pay income tax until there is a taxable distribution (or deemed distribution) from the contract. We will send a tax information reporting form for any year in which we made a taxable or reportable distribution according to our records.

Nonqualified Annuities

Generally, only the increase in the value of a non-qualified annuity contract over the investment in the contract is taxable. Certain exceptions apply. Federal tax law requires that all nonqualified deferred annuity contracts issued by the same company (and possibly its affiliates) to the same owner during a calendar year be taxed as a single, unified contract when distributions are taken from any one of those contracts.

**Annuity payouts:** Generally, unlike surrenders described below, the income taxation of annuity payouts is subject to exclusion ratios (for fixed annuity payouts) or annual excludable amounts (for variable annuity payouts). In other words, in most cases, a portion of each payout will be ordinary income and subject to tax, and a portion of each payout will be

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considered a return of part of your investment in the contract and will not be taxed. All amounts you receive after your investment in the contract is fully recovered will be subject to tax. Under Annuity Payout Plan A: Life annuity — no refund, where the annuitant dies before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the owner for the last taxable year. Under all other annuity payout plans, where the annuity payouts end before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the taxpayer for the tax year in which the payouts end. (See "The Annuity Payout Period — Annuity Payout Plans.")

Federal tax law permits taxpayers to annuitize a portion of their nonqualified annuity while leaving the remaining balance to continue to grow tax-deferred. Under the partial annuitization rules, the portion annuitized must be received as an annuity for a period of 10 years or more, or for the lives of one or more individuals. If this requirement is met, the annuitized portion and the tax-deferred balance will generally be treated as two separate contracts for income tax purposes only. If a contract is partially annuitized, the investment in the contract is allocated between the deferred and the annuitized portions on a pro rata basis.

**Surrenders:** Generally, if you surrender all or part of your nonqualified annuity before your annuity payouts begin, including surrenders under any optional withdrawal benefit rider, your surrender will be taxed to the extent that the contract value immediately before the surrender exceeds the investment in the contract. Application of surrender charges may alter the manner in which we tax report the surrender. Different rules may apply if you exchange another contract into this contract.

You also may have to pay a 10% IRS penalty for surrenders of taxable income you make before reaching age 59½ unless certain exceptions apply.

**Withholding:** If you receive taxable income as a result of an annuity payout or surrender, including surrenders under any optional withdrawal benefit rider, we may deduct federal, and in some cases state withholding against the payment. Any withholding represents a prepayment of your income tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, you have a valid U.S. address and payments are delivered inside the United States, you may be able to elect not to have federal income tax withholding occur.

If the payment is part of an annuity payout plan, we generally compute the amount of federal income tax withholding using payroll tables. You may complete our Form W-4P to use in calculating the withholding if you want withholding other than the default (single filing status with no adjustments). If the distribution is any other type of payment (such as partial or full surrender) we compute federal income tax withholding using 10% of the taxable portion unless you elect a different percentage via our Form W-4R or another acceptable method.

The federal income tax withholding requirements differ if we deliver payment outside the United States or you are a non-resident alien.

Some states also may impose income tax withholding requirements similar to the federal withholding described above or may allow you to elect withholding. If this should be the case, we may deduct state income tax withholding from the payment.

Federal and state tax withholding rules are subject to change. Annuity payouts and surrenders are subject to the tax withholding rules in effect at the time that they are made, which may differ from the rules described above.

**Death benefits to beneficiaries:** The death benefit under a nonqualified contract is not exempt from estate (federal or state) taxes. In addition, for income tax purposes, any amount your beneficiary receives that exceeds the remaining investment in the contract is taxable as ordinary income to the beneficiary in the year he or she receives the payments. (See "Benefits in Case of Death — If You Die Before the Settlement Date").

**Net Investment Income Tax:** Certain investment income of high-income individuals (as well as estates and trusts) is subject to a 3.8% net investment income tax (as an addition to income taxes). For individuals, the 3.8% tax applies to the *lesser* of (1) the amount by which the taxpayer's modified adjusted gross income exceeds $200,000 ($250,000 for married filing jointly and surviving spouses; $125,000 for married filing separately) or (2) the taxpayer's "net investment income." Net investment income includes taxable income from nonqualified annuities. Annuity holders are advised to consult their tax advisor regarding the possible implications of this additional tax.

**Annuities owned by corporations, partnerships or irrevocable trusts:** For nonqualified annuities, any annual increase in the value of annuities held by such entities (nonnatural persons) generally will be treated as ordinary income received during that year. However, if the trust was set up for the benefit of a natural person(s) only, the income may generally remain tax-deferred until surrendered or paid out.

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**Penalties:** If you receive amounts from your nonqualified annuity before reaching age 59½, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty will not apply to any amount received:

• because of your death or in the event of nonnatural ownership, the death of the annuitant;

• because you become disabled (as defined in the Code);

• if the distribution is part of a series of substantially equal periodic payments, made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary);

• if it is allocable to an investment before Aug. 14, 1982; or

• if annuity payouts are made under immediate annuities as defined by the Code.

**Transfer of ownership:** Generally, if you transfer ownership of a nonqualified annuity without receiving adequate consideration, the transfer may be taxed as a surrender for federal income tax purposes. If the transfer is a currently taxable event for income tax purposes, the original owner will be taxed on the amount of deferred earnings at the time of the transfer and also may be subject to the 10% IRS penalty discussed earlier. In this case, the new owner's investment in the contract will be equal to the investment in the contract at the time of the transfer plus any earnings included in the original owner's taxable income as a result of the transfer. In general, this rule does not apply to transfers between spouses or former spouses. Similar rules apply if you transfer ownership for full consideration. Please consult your tax advisor for further details.

**1035 Exchanges of nonqualified annuities:** Section 1035 of the Code permits nontaxable exchanges of certain insurance policies, endowment contracts, annuity contracts and qualified long-term care insurance products, while providing for continued tax deferral of earnings. In addition, Section 1035 permits the carryover of the investment in the contract from the old policy or contract to the new policy or contract. In a 1035 exchange one policy or contract is exchanged for another policy or contract. The following can qualify as nontaxable exchanges: (1) the exchange of a life insurance policy for another life insurance policy or for an endowment, annuity or qualified long-term care insurance contract, (2) the exchange of an endowment contract for an annuity or qualified long-term care insurance contract, or for an endowment contract under which payments will begin no later than payments would have begun under the contract exchanged, (3) the exchange of an annuity contract for another annuity contract or for a qualified long-term care insurance contract, and (4) the exchange of a qualified long-term care insurance contract for a qualified long-term care insurance contract. However, if the life insurance policy has an outstanding loan, there may be tax consequences. Additionally, other tax rules apply. Depending on the issue date of your original policy or contract, there may be tax or other benefits that are given up to gain the benefits of the new policy or contract. Consider whether the features and benefits of the new policy or contract outweigh any tax or other benefits of the old contract.

For a partial exchange of an annuity contract for another annuity contract, the 1035 exchange is generally tax-free. The investment in the original contract and the earnings on the contract will be allocated proportionately between the original and new contracts. However, per IRS Revenue Procedure 2011-38, if surrenders are taken from either contract within the 180-day period following a partial 1035 exchange, the IRS will apply general tax principles to determine the appropriate tax treatment of the exchange and subsequent surrender. As a result, there may be unexpected tax consequences. You should consult your tax advisor before taking any surrender from either contract during the 180-day period following a partial exchange.

**Assignment:** If you assign or pledge your contract as collateral for a loan, earnings on purchase payments you made after Aug. 13, 1982 will be taxed as a deemed distribution and also may be subject to the 10% penalty as discussed above.

Qualified Annuities

Adverse tax consequences may result if you do not ensure that contributions, distributions and other transactions under the contract comply with the law. Qualified annuities have minimum distribution rules that govern the timing and amount of distributions. You should refer to your retirement plan's Summary Plan Description, your IRA disclosure statement, or consult a tax advisor for additional information about the distribution rules applicable to your situation.

When you use your contract to fund a retirement plan or IRA that is already tax-deferred under the Code, the contract will not provide any necessary or additional tax deferral. If your contract is used to fund an employer sponsored plan, your right to benefits may be subject to the terms and conditions of the plan regardless of the terms of the contract.

**Annuity payouts:** Under a qualified annuity, except a Roth IRA, Roth 401(k) or Roth 403(b), the entire payout generally is includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non-deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars; or (4) the contract is used to fund a retirement plan and you direct such payout to be directly rolled over to another eligible retirement plan such as an IRA. We may permit partial annuitizations of qualified annuity contracts. If we accept partial annuitizations, please remember that your contract will still need to comply with other requirements such as required minimum distributions and the

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payment of taxes. Prior to considering a partial annuitization on a qualified contract, you should discuss your decision and any implications with your tax adviser. Because we cannot accurately track certain after-tax funding sources, we will generally report any payments on partial annuitizations as ordinary income except in the case of a qualified distribution from a Roth IRA.

**Annuity payouts from Roth IRAs:** In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59½ and meet the five year holding period.

**Surrenders:** Under a qualified annuity, except a Roth IRA, Roth 401(k) or Roth 403(b), the entire surrender will generally be includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non-deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars; or (4) the contract is used to fund a retirement plan and you direct such surrender to be directly rolled over to another eligible retirement plan such as an IRA.

**Surrenders from Roth IRAs:** In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59½ and meet the five year holding period or another qualifying event such as death or disability.

**Required Minimum Distributions:** Retirement plans (except for Roth IRAs) are subject to required surrenders called required minimum distributions ("RMDs") beginning at age 73. RMDs are based on the fair market value of your contract at year-end divided by the life expectancy factor. Certain death benefits and optional riders may be considered in determining the fair market value of your contract for RMD purposes. This may cause your RMD to be higher. You should consult your tax advisor prior to making a purchase for an explanation of the potential tax implications to you. Inherited IRAs (including inherited Roth IRAs) are subject to special required minimum distribution rules.

**Withholding for IRAs, Roth IRAs, SEPs and SIMPLE IRAs:** If you receive taxable income as a result of an annuity payout or a surrender, including surrenders under any optional withdrawal benefit rider, we may deduct withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, you can elect not to have any withholding occur.

If the payment is part of an annuity payout plan, we generally compute the amount of federal income tax withholding using payroll tables. You may complete our Form W-4P to use in calculating the withholding if you want withholding other than the default (single filing status with no adjustments). If the distribution is any other type of payment (such as partial or full surrender) we compute federal income tax withholding using 10% of the taxable portion unless you elect a different percentage via our Form W-4R or another acceptable method.

The federal income tax withholding requirements differ if we deliver payment outside the United States or you are a non-resident alien.

Some states also may impose income tax withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state income tax withholding from the payment.

**Withholding for all other qualified annuities where RiverSource or Ameriprise Trust Company is responsible for tax reporting:** If you receive directly all or part of the contract value from a qualified annuity, mandatory 20% federal income tax withholding (and possibly state income tax withholding) generally will be imposed at the time the payout is made from the plan. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. This mandatory withholding will not be imposed if instead of receiving the distribution check, you elect to have the distribution rolled over directly to an IRA or another eligible plan. Payments made to a surviving spouse instead of being directly rolled over to an IRA are also subject to mandatory 20% income tax withholding.

In the below situations, the distribution is subject to optional withholding instead of the mandatory 20% withholding. We will withhold 10% of the distribution amount unless you elect otherwise.

• the payout is one in a series of substantially equal periodic payouts, made at least annually, over your life or life expectancy (or the joint lives or life expectancies of you and your designated beneficiary) or over a specified period of 10 years or more;

• the payout is a RMD as defined under the Code;

• the payout is made on account of an eligible hardship; or

• the payout is a corrective distribution.

State withholding also may be imposed on taxable distributions.

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**Penalties:** If you receive amounts from your qualified contract before reaching age 59½, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty generally will not apply to any amount received:

• because of your death;

• because you become disabled (as defined in the Code);

• if the distribution is part of a series of substantially equal periodic payments made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary);

• if the distribution is made following severance from employment during or after the calendar year in which you attain age 55 (TSAs and annuities funding 401(a) plans only);

• to pay certain medical or education expenses (IRAs only);

• if the distribution is made from an inherited IRA; or

• any other instances, as allowed by the IRS.

**Death benefits to beneficiaries:** The entire death benefit generally is taxable as ordinary income to the beneficiary in the year he/she receives the payments from the qualified annuity. If you made non-deductible contributions to a traditional IRA, the portion of any distribution from the contract that represents after-tax contributions is not taxable as ordinary income to your beneficiary. Under current IRS requirements, you are responsible for keeping all records tracking your non-deductible contributions to an IRA. Death benefits under a Roth IRA generally are not taxable as ordinary income to the beneficiary if certain distribution requirements are met. (See "Benefits in Case of Death — If You Die Before the Settlement Date").

**Change of retirement plan type:** IRS regulations allow for rollovers of certain retirement plan distributions. In some circumstances, you may be able to have an intra-contract rollover, keeping the same features and conditions. If the annuity contract you have does not support an intra-contract rollover, you are able to request an IRS approved rollover to another annuity contract or other investment product that you choose. If you choose another annuity contract or investment product, you will be subject to new rules, including a new surrender charge schedule for an annuity contract, or other product rules as applicable.

**Assignment:** You may not assign or pledge your qualified contract as collateral for a loan.

Other

**Purchase payment credits:** These are considered earnings and are taxed accordingly when surrendered or paid out.

**Special considerations if you select any optional rider:** As of the date of this prospectus, we believe that charges related to these riders are not subject to current taxation. Therefore, we will not report these charges as partial surrenders from your contract. However, the IRS may determine that these charges should be treated as partial surrenders subject to taxation to the extent of any gain as well as the 10% tax penalty for surrenders before the age of 59½, if applicable, on the taxable portion. <br>We reserve the right to report charges for these riders as partial surrenders if we, as a withholding and reporting agent, believe that we are required to report them. In addition, we will report any benefits attributable to these riders on your death as an annuity death benefit distribution, not as proceeds from life insurance.

**Important:** Our discussion of federal tax laws is based upon our understanding of current interpretations of these laws. Federal tax laws or current interpretations of them may change. For this reason and because tax consequences are complex and highly individual and cannot always be anticipated, you should consult a tax advisor if you have any questions about taxation of your contract.

**RiverSource Life's tax status:** We are taxed as a life insurance company under the Code. For federal income tax purposes, the subaccounts are considered a part of our company, although their operations are treated separately in accounting and financial statements. Investment income is reinvested in the fund in which each subaccount invests and becomes part of that subaccount's value. This investment income, including realized capital gains, is not subject to any withholding for federal or state income taxes. We reserve the right to make such a charge in the future if there is a change in the tax treatment of variable annuities or in our tax status as we then understand it.

The company includes in its taxable income the net investment income derived from the investment of assets held in its subaccounts because the company is considered the owner of these assets under federal income tax law. The company may claim certain tax benefits associated with this investment income. These benefits, which may include foreign tax credits and the corporate dividend received deduction, are not passed on to you since the company is the owner of the assets under federal tax law and is taxed on the investment income generated by the assets.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 81

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**Tax qualification:** We intend that the contract qualify as an annuity for federal income tax purposes. To that end, the provisions of the contract are to be interpreted to ensure or maintain such tax qualification, in spite of any other provisions of the contract. We reserve the right to amend the contract to reflect any clarifications that may be needed or are appropriate to maintain such qualification or to conform the contract to any applicable changes in the tax qualification requirements. We will send you a copy of any amendments.

**Spousal status:** When it comes to your marital status and the identification and naming of any spouse as a beneficiary or party to your contract, we will rely on the representations you make to us. Based on this reliance, we will issue and administer your contract in accordance with these representations. If you represent that you are married and your representation is incorrect or your marriage is deemed invalid for federal or state law purposes, then the benefits and rights under your contract may be different.

If you have any questions as to the status of your relationship as a marriage, then you should consult an appropriate tax or legal advisor.

Voting Rights

As a contract owner with investments in the subaccounts, you may vote on important fund policies until annuity payouts begin. Once they begin, the person receiving them has voting rights. We will vote fund shares according to the instructions of the person with voting rights.

Before annuity payouts begin, the number of votes you have is determined by applying your percentage interest in each subaccount to the total number of votes allowed to the subaccount.

After annuity payouts begin, the number of votes you have is equal to:

• the reserve held in each subaccount for your contract; divided by

• the net asset value of one share of the applicable fund.

As we make annuity payouts, the reserve for the contract decreases; therefore, the number of votes also will decrease.

We calculate votes separately for each subaccount. We will send notice of shareholders' meetings, proxy materials and a statement of the number of votes to which the voter is entitled. We are the legal owner of all fund shares and therefore hold all voting rights. However, to the extent required by law, we will vote the shares of each fund according to instructions we receive from contract owners. We will vote shares for which we have not received instructions and shares that we or our affiliates own in our own names in the same proportion as the votes for which we received instructions. As a result of this proportional voting, in cases when a small number of contract owners vote, their votes will have a greater impact and may even control the outcome.

To the extent that voting rights created under applicable federal securities laws are revised or alter the voting rights described herein, we reserve the right to proceed in accordance with those laws and regulatory guidance.

Substitution of Investments

We may substitute the Funds in which the subaccounts invest if:

• laws or regulations change;

• the existing funds become unavailable; or

• in our judgment, the funds no longer are suitable (or no longer the most suitable) for the Subaccounts.

If any of these situations occur, we have the right to substitute a Fund currently listed in this prospectus (existing fund) for another Fund (new Fund), provided we obtain any required SEC and state insurance law approval. The new Fund may have higher fees and/or operating expenses than the existing Fund. Also, the new Fund may have investment objectives and policies and/or investment advisers which differ from the existing Fund.

We may also:

• add new Subaccounts;

• combine any two or more Subaccounts;

• transfer assets to and from the Subaccounts or the Variable Account; and

• eliminate or close any Subaccounts.

We will notify you of any substitution or change and obtain your approval if required.

In certain limited circumstances permitted by applicable law, we may amend the contract and take whatever action is necessary and appropriate without your consent or approval. We will obtain any required prior approval of the SEC or state insurance department before making any substitution or change.

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82 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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About the Service Providers

Principal Underwriter

RiverSource Distributors, Inc. (RiverSource Distributors), our affiliate, serves as the principal underwriter and general distributor of the contract. Its offices are located at 829 Ameriprise Financial Center, Minneapolis, MN 55474. RiverSource Distributors is a wholly-owned subsidiary of Ameriprise Financial, Inc.

**Sales of the Contract** 

**New contracts are not currently being offered.** 

• Only securities broker-dealers ("selling firms") registered with the SEC and members of the FINRA may sell the contract.

• The contracts are continuously offered to the public through authorized selling firms. We and RiverSource Distributors have a sales agreement with the selling firm. The sales agreement authorizes the selling firm to offer the contracts to the public. RiverSource Distributors pays the selling firm (or an affiliated insurance agency) for contracts its financial advisors sell. The selling firm may be required to return sales commissions under certain circumstances including but not limited to when contracts are returned under the free look period.

**Payments to Selling Firms** 

• We may use compensation plans which vary by selling firm. For example, 5.75% each time a purchase payment is made. We may pay ongoing trail commissions of up to 1.25% of the contract value. We do not pay or withhold payment of commissions based on which investment options you select.

• We may pay selling firms a temporary additional sales commission of up to 1% of purchase payments for a period of time we select. For example, we may offer to pay a temporary additional sales commission to get selling firms to market a new or enhanced contract or to increase sales during the period.

• In addition to commissions, we may, in order to promote sales of the contracts, and as permitted by applicable laws and regulations, pay or provide selling firms with other promotional incentives in cash, credit or other compensation. We generally (but may not) offer these promotional incentives to all selling firms. The terms of such arrangements differ between selling firms. These promotional incentives may include but are not limited to:

• sponsorship of marketing, educational, due diligence and compliance meetings and conferences we or the selling firm may conduct for financial advisors, including subsidy of travel, meal, lodging, entertainment and other expenses related to these meetings;

• marketing support related to sales of the contract including for example, the creation of marketing materials, advertising and newsletters;

• providing service to contract owners; and

• funding other events sponsored by a selling firm that may encourage the selling firm's financial advisors to sell the contract.

These promotional incentives or reimbursements may be calculated as a percentage of the selling firm's aggregate, net or anticipated sales and/or total assets attributable to sales of the contract, and/or may be a fixed dollar amount. As noted below this additional compensation may cause the selling firm and its financial advisors to favor the contracts.

**Sources of Payments to Selling Firms** 

We pay the commissions and other compensation described above from our assets. Our assets may include:

• revenues we receive from fees and expenses that you will pay when buying, owning and surrendering the contract (see "Fee Table and Examples");

• compensation we or an affiliate receive from the underlying funds in the form of distribution and services fees (see "The Variable Account and the Funds – The Funds");

• compensation we or an affiliate receive from a fund's investment adviser, subadviser, distributor or an affiliate of any of these (see "The Variable Account and the Funds – The Funds"); and

• revenues we receive from other contracts and policies we sell that are not securities and other businesses we conduct.

You do not directly pay the commissions and other compensation described above as the result of a specific charge or deduction under the contract. However, you may pay part or all of the commissions and other compensation described above indirectly through:

• fees and expenses we collect from contract owners , including surrender charges; and

• fees and expenses charged by the underlying funds in which the subaccounts you select invest, to the extent we or one of our affiliates receive revenue from the funds or an affiliated person.

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 83

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**Potential Conflicts of Interest** 

Compensation payment arrangements with selling firms can potentially:

• give selling firms a heightened financial incentive to sell the contract offered in this prospectus over another investment with lower compensation to the selling firm.

• cause selling firms to encourage their financial advisors to sell you the contract offered in this prospectus instead of selling you other alternative investments that may result in lower compensation to the selling firm.

• cause selling firms to grant us access to its financial advisors to promote sales of the contract offered in this prospectus, while denying that access to other firms offering similar contracts or other alternative investments which may pay lower compensation to the selling firm.

**Payments to Financial Advisors** 

• The selling firm pays its financial advisors. The selling firm decides the compensation and benefits it will pay its financial advisors.

• To inform yourself of any potential conflicts of interest, ask your financial advisor before you buy how the selling firm and its financial advisors are being compensated and the amount of the compensation that each will receive if you buy the contract.

Issuer

We issue the contracts. We are a stock life insurance company organized in 1957 under the laws of the state of Minnesota and are located at 829 Ameriprise Financial Center, Minneapolis, MN 55474. We are a wholly-owned subsidiary of Ameriprise Financial, Inc.

We conduct a conventional life insurance business. We are licensed to do business in 49 states, the District of Columbia and American Samoa. Our primary products currently include fixed and variable annuity contracts (including registered indexed linked annuity contracts) and life insurance policies.

We rely on the exemption from the reporting requirements of Section 15(d) of the Securities Exchange Act of 1934, as amended (the "1934 Act"), provided by Rule 12h-7 under the 1934 Act. We are obligated to pay all amounts promised to you under the Contract, subject to our financial strength and claims-paying ability.

Legal Proceedings

RiverSource Life (the Company) is involved in the normal course of business in legal proceedings which include regulatory inquiries, arbitration and litigation, including class actions, concerning matters arising in connection with the conduct of its activities. These include proceedings specific to the Company as well as proceedings generally applicable to business practices in the industries in which it operates. The Company can also be subject to legal proceedings arising out of its general business activities, such as its investments, contracts, and employment relationships. Uncertain economic conditions, heightened and sustained volatility in the financial markets and significant financial reform legislation may increase the likelihood that clients and other persons or regulators may present or threaten legal claims or that regulators increase the scope or frequency of examinations of the Company or the insurance industry generally.

As with other insurance companies, the level of regulatory activity and inquiry concerning the Company's businesses remains elevated. From time to time, the Company and its affiliates, including Ameriprise Financial Services, LLC ("AFS") and RiverSource Distributors, Inc. receive requests for information from, and/or are subject to examination or claims by various state, federal and other domestic authorities. The Company and its affiliates typically have numerous pending matters, which includes information requests, exams or inquiries regarding their business activities and practices and other subjects, including from time to time: sales and distribution of various products, including the Company's life insurance and variable annuity products; supervision of associated persons, including AFS financial advisors and RiverSource Distributors Inc.'s wholesalers; administration of insurance and annuity claims; security of client information; and transaction monitoring systems and controls. The Company and its affiliates have cooperated and will continue to cooperate with the applicable regulators.

These legal proceedings are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss. The Company cannot predict with certainty if, how or when any such proceedings will be initiated or resolved. Matters frequently need to be more developed before a loss or range of loss can be reasonably estimated for any proceeding. An adverse outcome in one or more proceedings could eventually result in adverse judgments, settlements, fines, penalties or other sanctions, in addition to further claims, examinations or adverse publicity that could have a material adverse effect on the Company's consolidated financial condition, results of operations or liquidity.

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84 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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Financial Statements

The financial statements for RiverSource Variable Account 10, as well as the consolidated financial statements of RiverSource Life, are in the Statement of Additional Information. A current Statement of Additional Information may be obtained, without charge, by calling us at 1-800-862-7919, or can be found online at **www.ameriprise.com/variableannuities.**

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 85

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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 riversource.annuityservice@ampf.com. 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.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to maximize total <br> return consistent with <br> AllianceBernstein's <br> determination of <br> reasonable risk.<br>| AB VPS Dynamic Asset Allocation Portfolio <br> (Class B)<sup>1</sup> <br>*AllianceBernstein L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.10%<sup>2</sup> <br>| &nbsp;&nbsp; 10.43% | &nbsp;&nbsp;&nbsp;&nbsp; 3.15% | &nbsp;&nbsp;&nbsp;&nbsp; 3.82% |
| Seeks long-term growth <br> of capital.<br>| AB VPS International Value Portfolio <br> (Class B)<br> *AllianceBernstein L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.17% | &nbsp;&nbsp;&nbsp;&nbsp; 4.81% | &nbsp;&nbsp;&nbsp;&nbsp; 3.29% | &nbsp;&nbsp;&nbsp;&nbsp; 3.00% |
| Seeks long-term growth <br> of capital.<br>| AB VPS Relative Value Portfolio (Class B)<br> *AllianceBernstein L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp; 12.76% | &nbsp;&nbsp;&nbsp;&nbsp; 9.54% | &nbsp;&nbsp;&nbsp;&nbsp; 9.39% |
| Seeks long-term growth <br> of capital.<br>| AB VPS Sustainable Global Thematic <br> Portfolio (Class B)<br> *AllianceBernstein L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.16%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.96% | &nbsp;&nbsp;&nbsp;&nbsp; 8.77% | &nbsp;&nbsp;&nbsp;&nbsp; 9.45% |
| Seeks long-term capital <br> appreciation.<br>| Allspring VT Opportunity Fund - Class 2<br> *Allspring Funds Management, LLC, adviser;* <br> *Allspring Global Investments, LLC,* <br> *sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%<sup>2</sup> <br>| &nbsp;&nbsp; 15.05% | &nbsp;&nbsp; 11.72% | &nbsp;&nbsp; 10.78% |
| Seeks long-term capital <br> appreciation.<br>| Allspring VT Small Cap Growth Fund - <br> Class 2<br> *Allspring Funds Management, LLC, adviser;* <br> *Allspring Global Investments, LLC,* <br> *sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.17% | &nbsp;&nbsp; 18.70% | &nbsp;&nbsp;&nbsp;&nbsp; 6.60% | &nbsp;&nbsp;&nbsp;&nbsp; 8.65% |
| The Portfolio seeks <br> investment results that <br> correspond (before fees <br> and expenses) generally <br> to the price and yield <br> performance of its <br> underlying index, the <br> Alerian Midstream <br> Energy Select Index (the <br> "Index").<br>| ALPS \| Alerian Energy Infrastructure <br> Portfolio: Class III<br> *ALPS Advisors, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.30%<sup>2</sup> <br>| &nbsp;&nbsp; 40.60% | &nbsp;&nbsp; 14.15% | &nbsp;&nbsp;&nbsp;&nbsp; 5.07% |
| Seeks high total <br> investment return.<br>| BlackRock Global Allocation V.I. Fund <br> (Class III)<br> *BlackRock Advisors, LLC, adviser; BlackRock* <br> *(Singapore) Limited and BlackRock* <br> *International Limited, sub-advisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.02%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.01% | &nbsp;&nbsp;&nbsp;&nbsp; 5.74% | &nbsp;&nbsp;&nbsp;&nbsp; 5.33% |

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86 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to achieve a <br> competitive total return <br> through an actively <br> managed portfolio of <br> stocks, bonds and <br> money market <br> instruments which offer <br> income and capital <br> growth opportunity.<br>| Calvert VP SRI Balanced Portfolio - Class I<br> *Calvert Research and Management*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.64% | &nbsp;&nbsp; 19.61% | &nbsp;&nbsp;&nbsp;&nbsp; 9.41% | &nbsp;&nbsp;&nbsp;&nbsp; 8.41% |
| Seeks long-term growth <br> of capital.<br>| ClearBridge Variable Small Cap Growth <br> Portfolio - Class I<br> *Franklin Templeton Fund Adviser, LLC,* <br> *investment adviser; ClearBridge* <br> *Investments, LLC, subadviser*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 4.50% | &nbsp;&nbsp;&nbsp;&nbsp; 5.39% | &nbsp;&nbsp;&nbsp;&nbsp; 7.93% |
| Seeks maximum total <br> investment return <br> through a combination <br> of capital growth and <br> current income.<br>| Columbia Variable Portfolio - Balanced Fund <br> (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp; 14.43% | &nbsp;&nbsp;&nbsp;&nbsp; 4.92% | &nbsp;&nbsp;&nbsp;&nbsp; 9.28% |
| Seeks to provide <br> shareholders with total <br> return.<br>| Columbia Variable Portfolio - Commodity <br> Strategy Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.09% | &nbsp;&nbsp;&nbsp;&nbsp; 5.69% | &nbsp;&nbsp;&nbsp;&nbsp; 8.94% |
| Seeks total return, <br> consisting of long-term <br> capital appreciation and <br> current income.<br>| Columbia Variable Portfolio - Contrarian Core <br> Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95%<sup>2</sup> <br>| &nbsp;&nbsp; 23.09% | &nbsp;&nbsp;&nbsp;&nbsp; 9.62% | &nbsp;&nbsp; 14.78% |
| Seeks to provide <br> shareholders with high <br> total return through <br> income and growth of <br> capital.<br>| Columbia Variable Portfolio - Corporate Bond <br> Fund (Class 3) (previously Columbia Variable <br> Portfolio - Global Strategic Income Fund <br> (Class 3))<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.60%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.25% | &nbsp;&nbsp;&nbsp; (0.69%) | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% |
| Seeks to provide <br> shareholders with <br> capital appreciation.<br>| Columbia Variable Portfolio - Disciplined <br> Core Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp; 25.89% | &nbsp;&nbsp;&nbsp;&nbsp; 8.28% | &nbsp;&nbsp; 13.92% |
| Seeks to provide <br> shareholders with a high <br> level of current income <br> and, as a secondary <br> objective, steady growth <br> of capital.<br>| Columbia Variable Portfolio - Dividend <br> Opportunity Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.86%<sup>2</sup> <br>| &nbsp;&nbsp; 15.28% | &nbsp;&nbsp;&nbsp;&nbsp; 6.12% | &nbsp;&nbsp;&nbsp;&nbsp; 8.75% |
| Non-diversified fund that <br> seeks to provide <br> shareholders with high <br> total return through <br> current income and, <br> secondarily, through <br> capital appreciation.<br>| Columbia Variable Portfolio - Emerging <br> Markets Bond Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.13% | &nbsp;&nbsp;&nbsp; (0.70%) | &nbsp;&nbsp;&nbsp;&nbsp; 0.46% |

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 87

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Columbia Variable Portfolio - Emerging <br> Markets Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.22%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | &nbsp;&nbsp;&nbsp; (8.23%) | &nbsp;&nbsp;&nbsp; (0.89%) |
| Seeks to provide <br> shareholders with <br> maximum current <br> income consistent with <br> liquidity and stability of <br> principal.<br>| Columbia Variable Portfolio - Government <br> Money Market Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.49%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.84% | &nbsp;&nbsp;&nbsp;&nbsp; 3.53% | &nbsp;&nbsp;&nbsp;&nbsp; 2.16% |
| Seeks to provide <br> shareholders with high <br> current income as its <br> primary objective and, <br> as its secondary <br> objective, capital <br> growth.<br>| Columbia Variable Portfolio - High Yield Bond <br> Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.77%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.95% | &nbsp;&nbsp;&nbsp;&nbsp; 2.29% | &nbsp;&nbsp;&nbsp;&nbsp; 3.64% |
| Seeks to provide <br> shareholders with a high <br> total return through <br> current income and <br> capital appreciation.<br>| Columbia Variable Portfolio - Income <br> Opportunities Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.77%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.90% | &nbsp;&nbsp;&nbsp;&nbsp; 1.97% | &nbsp;&nbsp;&nbsp;&nbsp; 3.21% |
| Seeks to provide <br> shareholders with a high <br> level of current income <br> while attempting to <br> conserve the value of <br> the investment for the <br> longest period of time.<br>| Columbia Variable Portfolio - Intermediate <br> Bond Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp;&nbsp; 1.85% | &nbsp;&nbsp;&nbsp; (3.60%) | &nbsp;&nbsp;&nbsp;&nbsp; 0.08% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Columbia Variable Portfolio - Large Cap <br> Growth Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.85% | &nbsp;&nbsp; 31.19% | &nbsp;&nbsp;&nbsp;&nbsp; 8.74% | &nbsp;&nbsp; 17.33% |
| Seeks to provide <br> shareholders with <br> long-term capital <br> appreciation.<br>| Columbia Variable Portfolio - Large Cap Index <br> Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.38% | &nbsp;&nbsp; 24.54% | &nbsp;&nbsp;&nbsp;&nbsp; 8.52% | &nbsp;&nbsp; 14.07% |
| Seeks to provide <br> shareholders with a <br> level of current income <br> consistent with <br> preservation of capital.<br>| Columbia Variable Portfolio - Limited <br> Duration Credit Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.66%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.64% | &nbsp;&nbsp;&nbsp;&nbsp; 1.48% | &nbsp;&nbsp;&nbsp;&nbsp; 1.81% |
| Seeks total return, <br> consisting of current <br> income and capital <br> appreciation.<br>| Columbia Variable Portfolio - Long <br> Government/Credit Bond Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.72%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp; (4.39%) | &nbsp;&nbsp;&nbsp; (9.65%) | &nbsp;&nbsp;&nbsp; (3.58%) |
| Seeks to provide <br> shareholders with <br> capital appreciation.<br>| Columbia Variable Portfolio - Overseas Core <br> Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.92% | &nbsp;&nbsp;&nbsp;&nbsp; 3.35% | &nbsp;&nbsp;&nbsp;&nbsp; 0.55% | &nbsp;&nbsp;&nbsp;&nbsp; 4.00% |

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88 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to provide <br> shareholders with <br> long-term growth of <br> capital.<br>| Columbia Variable Portfolio - Select Large <br> Cap Value Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp; 12.75% | &nbsp;&nbsp;&nbsp;&nbsp; 5.17% | &nbsp;&nbsp;&nbsp;&nbsp; 9.43% |
| Seeks to provide <br> shareholders with <br> growth of capital.<br>| Columbia Variable Portfolio - Select Mid Cap <br> Growth Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95%<sup>2</sup> <br>| &nbsp;&nbsp; 23.52% | &nbsp;&nbsp;&nbsp;&nbsp; 2.20% | &nbsp;&nbsp; 10.94% |
| Seeks to provide <br> shareholders with <br> long-term growth of <br> capital.<br>| Columbia Variable Portfolio - Select Mid Cap <br> Value Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95%<sup>2</sup> <br>| &nbsp;&nbsp; 12.41% | &nbsp;&nbsp;&nbsp;&nbsp; 3.85% | &nbsp;&nbsp;&nbsp;&nbsp; 9.71% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Columbia Variable Portfolio - Select Small <br> Cap Value Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.98%<sup>2</sup> <br>| &nbsp;&nbsp; 13.81% | &nbsp;&nbsp;&nbsp;&nbsp; 3.08% | &nbsp;&nbsp;&nbsp;&nbsp; 9.33% |
| Seeks to provide <br> shareholders with <br> current income as its <br> primary objective and, <br> as its secondary <br> objective, preservation <br> of capital.<br>| Columbia Variable Portfolio - <br> U.S. Government Mortgage Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp;&nbsp; 1.44% | &nbsp;&nbsp;&nbsp; (2.81%) | &nbsp;&nbsp;&nbsp; (0.95%) |
| The portfolio is <br> designed to achieve <br> positive total return <br> relative to the <br> performance of the <br> Bloomberg Commodity <br> Index Total Return <br> ("BCOM Index").<br>| Credit Suisse Trust - Commodity Return <br> Strategy Portfolio, Class 1<br> *Credit Suisse Asset Management, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.05%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.83% | &nbsp;&nbsp;&nbsp;&nbsp; 6.85% | &nbsp;&nbsp;&nbsp;&nbsp; 1.12% |
| Non-diversified fund that <br> seeks to provide <br> shareholders with total <br> return that exceeds the <br> rate of inflation over the <br> long term.<br>| CTIVP<sup>®</sup> - BlackRock Global Inflation-Protected <br> Securities Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; BlackRock Financial* <br> *Management, Inc., subadviser; BlackRock* <br> *International Limited, sub-subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.75%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp; (1.06%) | &nbsp;&nbsp;&nbsp; (5.36%) | &nbsp;&nbsp;&nbsp; (0.68%) |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| CTIVP<sup>®</sup> - Principal Blue Chip Growth Fund <br> (Class 1) (on or about June 1, 2025 to be <br> known as CTIVP<sup>®</sup> - Principal Large Cap <br> Growth Fund (Class 1))<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Principal Global Investors, LLC,* <br> *subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.69% | &nbsp;&nbsp; 21.42% | &nbsp;&nbsp;&nbsp;&nbsp; 6.85% | &nbsp;&nbsp; 13.79% |
| Seeks to provide <br> shareholders with <br> long-term growth of <br> capital.<br>| CTIVP<sup>®</sup> - Victory Sycamore Established Value <br> Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Victory Capital Management* <br> *Inc., subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95% | &nbsp;&nbsp;&nbsp;&nbsp; 9.77% | &nbsp;&nbsp;&nbsp;&nbsp; 5.39% | &nbsp;&nbsp; 10.72% |

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 89

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks capital <br> appreciation.<br>| DWS Alternative Asset Allocation VIP, <br> Class B<sup>3</sup> <br>*DWS Investment Management Americas* <br> *Inc., adviser; RREEF America L.L.C.,* <br> *subadvisor.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.26% | &nbsp;&nbsp;&nbsp;&nbsp; 5.30% | &nbsp;&nbsp;&nbsp;&nbsp; 3.97% | &nbsp;&nbsp;&nbsp;&nbsp; 2.83% |
| Seeks high level of <br> current income.<br>| Eaton Vance VT Floating-Rate Income Fund - <br> Initial Class<br> *Eaton Vance Management*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.19% | &nbsp;&nbsp;&nbsp;&nbsp; 7.68% | &nbsp;&nbsp;&nbsp;&nbsp; 4.24% | &nbsp;&nbsp;&nbsp;&nbsp; 3.92% |
| Seeks long-term capital <br> appreciation.<br>| Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup> Portfolio Service <br> Class 2<br> *Fidelity Management & Research Company* <br> *(the Adviser) is the fund's manager. Fidelity* <br> *Management & Research Company (UK)* <br> *Limited, Fidelity Management & Research* <br> *Company (Hong Kong) Limited, Fidelity* <br> *Management & Research Company (Japan)* <br> *Limited, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp; 33.45% | &nbsp;&nbsp; 16.74% | &nbsp;&nbsp; 13.33% |
| Seeks high total return <br> through a combination <br> of current income and <br> capital appreciation.<br>| Fidelity<sup>®</sup> VIP Growth & Income Portfolio <br> Service Class 2<br> *Fidelity Management & Research Company* <br> *(the Adviser) is the fund's manager. Fidelity* <br> *Management & Research Company (UK)* <br> *Limited, Fidelity Management & Research* <br> *Company (Hong Kong) Limited, Fidelity* <br> *Management & Research Company (Japan)* <br> *Limited, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.74% | &nbsp;&nbsp; 21.91% | &nbsp;&nbsp; 13.10% | &nbsp;&nbsp; 11.11% |
| Seeks long-term growth <br> of capital.<br>| Fidelity<sup>®</sup> VIP Mid Cap Portfolio Service <br> Class 2<br> *Fidelity Management & Research Company* <br> *(the Adviser) is the fund's manager. Fidelity* <br> *Management & Research Company (UK)* <br> *Limited, Fidelity Management & Research* <br> *Company (Hong Kong) Limited, Fidelity* <br> *Management & Research Company (Japan)* <br> *Limited, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp; 17.18% | &nbsp;&nbsp; 11.06% | &nbsp;&nbsp;&nbsp;&nbsp; 8.94% |
| Seeks long-term growth <br> of capital.<br>| Fidelity<sup>®</sup> VIP Overseas Portfolio Service <br> Class 2<br> *Fidelity Management & Research Company* <br> *(the Adviser) is the fund's manager. Fidelity* <br> *Management & Research Company (UK)* <br> *Limited, Fidelity Management & Research* <br> *Company (Hong Kong) Limited, Fidelity* <br> *Management & Research Company (Japan)* <br> *Limited, FIL Investment Advisers, FIL* <br> *Investment Advisers (UK) Limited and FIL* <br> *Investments (Japan) Limited, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 4.81% | &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | &nbsp;&nbsp;&nbsp;&nbsp; 6.06% |

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90 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks a high level of <br> current income and may <br> also seek capital <br> appreciation.<br>| Fidelity<sup>®</sup> VIP Strategic Income Portfolio <br> Service Class 2<br> *Fidelity Management & Research Company* <br> *(the Adviser) is the fund's manager. Fidelity* <br> *Management & Research Company (UK)* <br> *Limited, Fidelity Management & Research* <br> *Company (Hong Kong) Limited, Fidelity* <br> *Management & Research Company (Japan)* <br> *Limited, FIL Investment Advisers, FIL* <br> *Investment Advisers (UK) Limited and FIL* <br> *Investments (Japan) Limited, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 5.78% | &nbsp;&nbsp;&nbsp;&nbsp; 2.54% | &nbsp;&nbsp;&nbsp;&nbsp; 3.34% |
| Seeks high total return. <br> Under normal market <br> conditions, the fund <br> invests at least 80% of <br> its net assets in <br> investments of <br> companies located <br> anywhere in the world <br> that operate in the real <br> estate sector.<br>| Franklin Global Real Estate VIP Fund - <br> Class 2<br> *Franklin Templeton Institutional, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.25%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp; (0.32%) | &nbsp;&nbsp;&nbsp; (0.30%) | &nbsp;&nbsp;&nbsp;&nbsp; 2.30% |
| Seeks to maximize <br> income while <br> maintaining prospects <br> for capital appreciation. <br> Under normal market <br> conditions, the fund <br> invests in a diversified <br> portfolio of equity and <br> debt securities.<br>| Franklin Income VIP Fund - Class 2<br> *Franklin Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.72%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.20% | &nbsp;&nbsp;&nbsp;&nbsp; 5.29% | &nbsp;&nbsp;&nbsp;&nbsp; 5.27% |
| Seeks capital <br> appreciation, with <br> income as a secondary <br> goal. Under normal <br> market conditions, the <br> fund invests primarily in <br> U.S. and foreign equity <br> securities that the <br> investment manager <br> believes are <br> undervalued.<br>| Franklin Mutual Shares VIP Fund - Class 2<br> *Franklin Mutual Advisers, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp; 11.27% | &nbsp;&nbsp;&nbsp;&nbsp; 5.75% | &nbsp;&nbsp;&nbsp;&nbsp; 5.83% |
| Seeks long-term total <br> return. Under normal <br> market conditions, the <br> fund invests at least <br> 80% of its net assets in <br> investments of small <br> capitalization <br> companies.<br>| Franklin Small Cap Value VIP Fund - Class 2<br> *Franklin Mutual Advisers, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.90%<sup>2</sup> <br>| &nbsp;&nbsp; 11.71% | &nbsp;&nbsp;&nbsp;&nbsp; 8.36% | &nbsp;&nbsp;&nbsp;&nbsp; 8.17% |
| Seeks long-term capital <br> appreciation.<br>| Goldman Sachs VIT Mid Cap Value Fund - <br> Institutional Shares<br> *Goldman Sachs Asset Management, L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.82%<sup>2</sup> <br>| &nbsp;&nbsp; 12.40% | &nbsp;&nbsp;&nbsp;&nbsp; 9.85% | &nbsp;&nbsp;&nbsp;&nbsp; 7.98% |

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 91

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks long-term growth <br> of capital and dividend <br> income.<br>| Goldman Sachs VIT U.S. Equity Insights <br> Fund - Institutional Shares<br> *Goldman Sachs Asset Management, L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.56%<sup>2</sup> <br>| &nbsp;&nbsp; 28.32% | &nbsp;&nbsp; 14.15% | &nbsp;&nbsp; 12.05% |
| Non-diversified fund that <br> seeks capital growth.<br>| Invesco V.I. American Franchise Fund, <br> Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.10% | &nbsp;&nbsp; 34.56% | &nbsp;&nbsp; 15.56% | &nbsp;&nbsp; 13.88% |
| Seeks total return with a <br> low to moderate <br> correlation to traditional <br> financial market indices.<br>| Invesco V.I. Balanced-Risk Allocation Fund, <br> Series II Shares<sup>1</sup> <br>*Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.06%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.56% | &nbsp;&nbsp;&nbsp;&nbsp; 2.51% | &nbsp;&nbsp;&nbsp;&nbsp; 3.57% |
| Seeks capital growth <br> and income through <br> investments in equity <br> securities, including <br> common stocks, <br> preferred stocks and <br> securities convertible <br> into common and <br> preferred stocks.<br>| Invesco V.I. Comstock Fund, Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01% | &nbsp;&nbsp; 14.87% | &nbsp;&nbsp; 11.31% | &nbsp;&nbsp;&nbsp;&nbsp; 9.21% |
| Seeks capital <br> appreciation.<br>| Invesco V.I. Discovery Mid Cap Growth Fund, <br> Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.10% | &nbsp;&nbsp; 23.92% | &nbsp;&nbsp;&nbsp;&nbsp; 9.92% | &nbsp;&nbsp; 11.29% |
| Seeks to provide <br> reasonable current <br> income and long-term <br> growth of income and <br> capital.<br>| Invesco V.I. Diversified Dividend Fund, <br> Series I Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.68% | &nbsp;&nbsp; 13.22% | &nbsp;&nbsp;&nbsp;&nbsp; 7.64% | &nbsp;&nbsp;&nbsp;&nbsp; 7.83% |
| Seeks long-term growth <br> of capital.<br>| Invesco V.I. EQV International Equity Fund, <br> Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.34% | &nbsp;&nbsp;&nbsp;&nbsp; 2.97% | &nbsp;&nbsp;&nbsp;&nbsp; 4.10% |
| Seeks capital <br> appreciation.<br>| Invesco V.I. Global Fund, Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.06% | &nbsp;&nbsp; 15.78% | &nbsp;&nbsp;&nbsp;&nbsp; 9.21% | &nbsp;&nbsp;&nbsp;&nbsp; 9.58% |
| Seeks total return | Invesco V.I. Global Strategic Income Fund, <br> Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.18%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.02% | &nbsp;&nbsp;&nbsp; (0.43%) | &nbsp;&nbsp;&nbsp;&nbsp; 1.28% |
| Seeks long-term growth <br> of capital.<br>| Invesco V.I. Health Care Fund, Series II <br> Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.24% | &nbsp;&nbsp;&nbsp;&nbsp; 3.87% | &nbsp;&nbsp;&nbsp;&nbsp; 3.38% | &nbsp;&nbsp;&nbsp;&nbsp; 5.13% |
| Seeks capital <br> appreciation.<br>| Invesco V.I. Main Street Small Cap Fund<sup>®</sup>, <br> Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.11% | &nbsp;&nbsp; 12.41% | &nbsp;&nbsp; 10.21% | &nbsp;&nbsp;&nbsp;&nbsp; 8.73% |
| Seeks long-term growth <br> of capital.<br>| Invesco V.I. Technology Fund, Series I <br> Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.97% | &nbsp;&nbsp; 34.27% | &nbsp;&nbsp; 14.65% | &nbsp;&nbsp; 14.39% |
| Seeks long-term capital <br> growth, consistent with <br> preservation of capital <br> and balanced by current <br> income.<br>| Janus Henderson Balanced Portfolio: <br> Service Shares<br> *Janus Henderson Investors US LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 15.15% | &nbsp;&nbsp;&nbsp;&nbsp; 8.06% | &nbsp;&nbsp;&nbsp;&nbsp; 8.40% |

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92 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to obtain <br> maximum total return, <br> consistent with <br> preservation of capital.<br>| Janus Henderson Flexible Bond Portfolio: <br> Service Shares<br> *Janus Henderson Investors US LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.82%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.63% | &nbsp;&nbsp;&nbsp;&nbsp; 0.09% | &nbsp;&nbsp;&nbsp;&nbsp; 1.35% |
| Non-diversified fund that <br> pursues its investment <br> objective by investing <br> primarily in common <br> stocks selected for their <br> growth potential.<br>| Janus Henderson Research Portfolio: <br> Service Shares<br> *Janus Henderson Investors US LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.92% | &nbsp;&nbsp; 34.96% | &nbsp;&nbsp; 16.49% | &nbsp;&nbsp; 14.25% |
| Seeks total return. | Lazard Retirement Global Dynamic <br> Multi-Asset Portfolio - Service Shares<sup>1</sup> <br>*Lazard Asset Management, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.05%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.60% | &nbsp;&nbsp;&nbsp;&nbsp; 2.33% | &nbsp;&nbsp;&nbsp;&nbsp; 4.35% |
| Seeks capital growth. | LVIP American Century International Fund, <br> Service Class<br> *Lincoln Financial Investments Corporation,* <br> *investment adviser; American Century* <br> *Investment Management, Inc., investment* <br> *sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.10%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.46% | &nbsp;&nbsp;&nbsp;&nbsp; 3.39% | &nbsp;&nbsp;&nbsp;&nbsp; 4.77% |
| Seeks long-term capital <br> growth. Income is a <br> secondary objective.<br>| LVIP American Century Mid Cap Value Fund, <br> Service Class<br> *Lincoln Financial Investments Corporation,* <br> *investment adviser; American Century* <br> *Investment Management, Inc., investment* <br> *sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.52% | &nbsp;&nbsp;&nbsp;&nbsp; 7.13% | &nbsp;&nbsp;&nbsp;&nbsp; 7.87% |
| Seeks capital growth. | LVIP American Century Ultra<sup>®</sup> Fund, Service <br> Class<br> *Lincoln Financial Investments Corporation,* <br> *investment adviser; American Century* <br> *Investment Management, Inc., investment* <br> *sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.90%<sup>2</sup> <br>| &nbsp;&nbsp; 28.62% | &nbsp;&nbsp; 18.01% | &nbsp;&nbsp; 16.29% |
| Seeks long-term capital <br> growth. Income is a <br> secondary objective.<br>| LVIP American Century Value Fund, Service <br> Class<br> *Lincoln Financial Investments Corporation,* <br> *investment adviser; American Century* <br> *Investment Management, Inc., investment* <br> *sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.86%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.29% | &nbsp;&nbsp;&nbsp;&nbsp; 8.41% | &nbsp;&nbsp;&nbsp;&nbsp; 8.01% |
| Seeks to provide total <br> return.<br>| Macquarie VIP Asset Strategy Series - <br> Service Class<br> *Ivy Investment Management Company*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.85%<sup>2</sup> <br>| &nbsp;&nbsp; 12.44% | &nbsp;&nbsp;&nbsp;&nbsp; 6.56% | &nbsp;&nbsp;&nbsp;&nbsp; 5.27% |
| Seeks capital <br> appreciation.<br>| MFS<sup>®</sup> Massachusetts Investors Growth <br> Stock Portfolio - Service Class<br> *Massachusetts Financial Services Company*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.97%<sup>2</sup> <br>| &nbsp;&nbsp; 15.98% | &nbsp;&nbsp; 12.16% | &nbsp;&nbsp; 12.91% |
| Seeks capital <br> appreciation.<br>| MFS<sup>®</sup> New Discovery Series - Service Class<br> *Massachusetts Financial Services Company*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.12%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.44% | &nbsp;&nbsp;&nbsp;&nbsp; 4.71% | &nbsp;&nbsp;&nbsp;&nbsp; 8.92% |
| Seeks total return. | MFS<sup>®</sup> Utilities Series - Service Class<br> *Massachusetts Financial Services Company*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.04%<sup>2</sup> <br>| &nbsp;&nbsp; 11.34% | &nbsp;&nbsp;&nbsp;&nbsp; 5.61% | &nbsp;&nbsp;&nbsp;&nbsp; 6.02% |
| The Fund seeks <br> long-term capital growth <br> by investing primarily in <br> common stocks and <br> other equity securities.<br>| Morgan Stanley VIF Discovery Portfolio, <br> Class II Shares<br> *Morgan Stanley Investment Management* <br> *Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.05%<sup>2</sup> <br>| &nbsp;&nbsp; 41.73% | &nbsp;&nbsp; 11.11% | &nbsp;&nbsp; 12.02% |

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 93

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks maximum real <br> return, consistent with <br> preservation of real <br> capital and prudent <br> investment <br> management.<br>| PIMCO VIT All Asset Portfolio, Advisor Class<sup>3</sup> <br>*Pacific Investment Management Company* <br> *LLC (PIMCO)*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.37%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.57% | &nbsp;&nbsp;&nbsp;&nbsp; 4.31% | &nbsp;&nbsp;&nbsp;&nbsp; 4.25% |
| Seeks total return which <br> exceeds that of a blend <br> of 60% MSCI World <br> Index/40% Barclays <br> U.S. Aggregate Index.<br>| PIMCO VIT Global Managed Asset Allocation <br> Portfolio, Advisor Class<sup>3</sup> <br>*Pacific Investment Management Company* <br> *LLC (PIMCO)*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.28%<sup>2</sup> <br>| &nbsp;&nbsp; 10.75% | &nbsp;&nbsp;&nbsp;&nbsp; 6.03% | &nbsp;&nbsp;&nbsp;&nbsp; 5.75% |
| Seeks maximum total <br> return, consistent with <br> preservation of capital <br> and prudent investment <br> management.<br>| PIMCO VIT Total Return Portfolio, Advisor <br> Class<br> *Pacific Investment Management Company* <br> *LLC (PIMCO)*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 2.43% | &nbsp;&nbsp;&nbsp; (0.13%) | &nbsp;&nbsp;&nbsp;&nbsp; 1.43% |
| Seeks capital <br> appreciation.<br>| Putnam VT Global Health Care Fund - <br> Class IB Shares<br> *Putnam Investment Management, LLC,* <br> *investment advisor; Sub-advisers-Franklin* <br> *Advisers, Inc., Franklin Templeton* <br> *Investment Management Limited and The* <br> *Putnam Advisory Company, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 1.43% | &nbsp;&nbsp;&nbsp;&nbsp; 7.94% | &nbsp;&nbsp;&nbsp;&nbsp; 7.65% |
| Seeks capital <br> appreciation.<br>| Putnam VT International Equity Fund - <br> Class IB Shares<br> *Putnam Investment Management, LLC,* <br> *investment advisor. Sub-advisers- Franklin* <br> *Advisers, Inc., Franklin Templeton* <br> *Investment Management Limited and The* <br> *Putnam Advisory Company, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.08% | &nbsp;&nbsp;&nbsp;&nbsp; 2.97% | &nbsp;&nbsp;&nbsp;&nbsp; 4.88% | &nbsp;&nbsp;&nbsp;&nbsp; 4.73% |
| Seeks long-term capital <br> appreciation.<br>| Putnam VT Sustainable Leaders Fund - <br> Class IB Shares<br> *Putnam Investment Management, LLC,* <br> *investment advisor. Sub-advisers- Franklin* <br> *Advisers, Inc. and Franklin Templeton* <br> *Investment Management Limited*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp; 23.02% | &nbsp;&nbsp; 13.72% | &nbsp;&nbsp; 13.50% |
| Seeks high current <br> income, consistent with <br> preservation of capital, <br> with capital appreciation <br> as a secondary <br> consideration. Under <br> normal market <br> conditions, the fund <br> invests at least 80% of <br> its net assets in debt <br> securities of any <br> maturity.<br>| Templeton Global Bond VIP Fund - Class 2<br> *Franklin Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.75%<sup>2</sup> <br>| (11.37%) | &nbsp;&nbsp;&nbsp; (4.85%) | &nbsp;&nbsp;&nbsp; (2.03%) |

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94 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks long-term capital <br> appreciation by <br> investing in common <br> stocks of gold-mining <br> companies. The Fund <br> may take current <br> income into <br> consideration when <br> choosing investments.<br>| VanEck VIP Global Gold Fund (Class S <br> Shares)<br> *Van Eck Associates Corporation*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.45%<sup>2</sup> <br>| &nbsp;&nbsp; 14.41% | &nbsp;&nbsp;&nbsp;&nbsp; 5.46% | &nbsp;&nbsp;&nbsp;&nbsp; 6.69% |
| Seeks to provide a high <br> level of total return that <br> is consistent with an <br> aggressive level of risk.<br>| Variable Portfolio - Aggressive Portfolio <br> (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.04% | &nbsp;&nbsp; 13.20% | &nbsp;&nbsp;&nbsp;&nbsp; 2.78% | &nbsp;&nbsp;&nbsp;&nbsp; 7.64% |
| Seeks to provide a high <br> level of total return that <br> is consistent with an <br> aggressive level of risk.<br>| Variable Portfolio - Aggressive Portfolio <br> (Class 4)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.04% | &nbsp;&nbsp; 13.21% | &nbsp;&nbsp;&nbsp;&nbsp; 2.77% | &nbsp;&nbsp;&nbsp;&nbsp; 7.64% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> conservative level of <br> risk.<br>| Variable Portfolio - Conservative Portfolio <br> (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.87%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.42% | &nbsp;&nbsp;&nbsp; (1.47%) | &nbsp;&nbsp;&nbsp;&nbsp; 1.46% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> conservative level of <br> risk.<br>| Variable Portfolio - Conservative Portfolio <br> (Class 4)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.87%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.49% | &nbsp;&nbsp;&nbsp; (1.45%) | &nbsp;&nbsp;&nbsp;&nbsp; 1.46% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Risk Fund <br> (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.02%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.41% | &nbsp;&nbsp;&nbsp;&nbsp; 0.49% | &nbsp;&nbsp;&nbsp;&nbsp; 3.90% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Risk U.S. Fund <br> (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.99% | &nbsp;&nbsp; 11.70% | &nbsp;&nbsp;&nbsp;&nbsp; 1.93% | &nbsp;&nbsp;&nbsp;&nbsp; 5.68% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Volatility <br> Conservative Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95% | &nbsp;&nbsp;&nbsp;&nbsp; 4.31% | &nbsp;&nbsp;&nbsp; (1.86%) | &nbsp;&nbsp;&nbsp;&nbsp; 0.96% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Volatility <br> Conservative Growth Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 6.80% | &nbsp;&nbsp;&nbsp; (0.87%) | &nbsp;&nbsp;&nbsp;&nbsp; 2.32% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Volatility Growth <br> Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01% | &nbsp;&nbsp; 11.98% | &nbsp;&nbsp;&nbsp;&nbsp; 1.11% | &nbsp;&nbsp;&nbsp;&nbsp; 5.18% |

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 95

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Volatility <br> Moderate Growth Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 9.41% | &nbsp;&nbsp;&nbsp;&nbsp; 0.18% | &nbsp;&nbsp;&nbsp;&nbsp; 3.82% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderate level of risk.<br>| Variable Portfolio - Moderate Portfolio <br> (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.97% | &nbsp;&nbsp;&nbsp;&nbsp; 8.72% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 4.73% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderate level of risk.<br>| Variable Portfolio - Moderate Portfolio <br> (Class 4)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.97% | &nbsp;&nbsp;&nbsp;&nbsp; 8.71% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 4.72% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderately aggressive <br> level of risk.<br>| Variable Portfolio - Moderately Aggressive <br> Portfolio (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01% | &nbsp;&nbsp; 11.00% | &nbsp;&nbsp;&nbsp;&nbsp; 1.68% | &nbsp;&nbsp;&nbsp;&nbsp; 6.13% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderately aggressive <br> level of risk.<br>| Variable Portfolio - Moderately Aggressive <br> Portfolio (Class 4)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01% | &nbsp;&nbsp; 10.98% | &nbsp;&nbsp;&nbsp;&nbsp; 1.68% | &nbsp;&nbsp;&nbsp;&nbsp; 6.13% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderately conservative <br> level of risk.<br>| Variable Portfolio - Moderately Conservative <br> Portfolio (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp;&nbsp;&nbsp; 6.41% | &nbsp;&nbsp;&nbsp; (0.45%) | &nbsp;&nbsp;&nbsp;&nbsp; 2.98% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderately conservative <br> level of risk.<br>| Variable Portfolio - Moderately Conservative <br> Portfolio (Class 4)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp;&nbsp;&nbsp; 6.40% | &nbsp;&nbsp;&nbsp; (0.46%) | &nbsp;&nbsp;&nbsp;&nbsp; 2.97% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Variable Portfolio - Partners Core Equity Fund <br> (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; J.P. Morgan Investment* <br> *Management Inc. and T. Rowe Price* <br> *Associates, Inc., subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp; 23.26% | &nbsp;&nbsp;&nbsp;&nbsp; 8.22% | &nbsp;&nbsp; 13.88% |
| Seeks to provide <br> shareholders with <br> long-term capital <br> appreciation.<br>| Variable Portfolio - Partners Small Cap Value <br> Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Segall Bryant & Hamill, LLC* <br> *and William Blair Investment Management,* <br> *LLC, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.97%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.83% | &nbsp;&nbsp;&nbsp;&nbsp; 1.41% | &nbsp;&nbsp;&nbsp;&nbsp; 6.11% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - U.S. Flexible Conservative <br> Growth Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95% | &nbsp;&nbsp;&nbsp;&nbsp; 9.41% | &nbsp;&nbsp;&nbsp;&nbsp; 0.44% | &nbsp;&nbsp;&nbsp;&nbsp; 2.89% |

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96 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - U.S. Flexible Growth Fund <br> (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp; 17.15% | &nbsp;&nbsp;&nbsp;&nbsp; 3.60% | &nbsp;&nbsp;&nbsp;&nbsp; 6.12% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - U.S. Flexible Moderate <br> Growth Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.93% | &nbsp;&nbsp; 13.19% | &nbsp;&nbsp;&nbsp;&nbsp; 2.05% | &nbsp;&nbsp;&nbsp;&nbsp; 4.57% |
| Seeks long-term capital <br> appreciation.<br>| Wanger Acorn (on or about June 1, 2025 to <br> be known as Columbia Variable Portfolio - <br> Acorn Fund)<br> *Columbia Wanger Asset Management, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.91%<sup>2</sup> <br>| &nbsp;&nbsp; 14.18% | &nbsp;&nbsp;&nbsp; (2.57%) | &nbsp;&nbsp;&nbsp;&nbsp; 4.58% |
| Seeks long-term capital <br> appreciation.<br>| Wanger International (on or about <br> June 1, 2025 to be known as Columbia <br> Variable Portfolio - Acorn International Fund)<br> *Columbia Wanger Asset Management, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.08%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp; (8.25%) | (10.79%) | &nbsp;&nbsp;&nbsp; (0.72%) |
| Seeks to maximize total <br> return.<br>| Western Asset Variable Global High Yield <br> Bond Portfolio - Class II<br> *Franklin Templeton Fund Adviser, LLC,* <br> *adviser; Western Asset Management* <br> *Company, LLC, subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.06% | &nbsp;&nbsp;&nbsp;&nbsp; 6.70% | &nbsp;&nbsp;&nbsp;&nbsp; 1.81% | &nbsp;&nbsp;&nbsp;&nbsp; 3.45% |

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<sup>1</sup>

This Fund is managed in a way that is intended to minimize volatility of returns. See "Principal Risks of Investing in the Contract."

<sup>2</sup>

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.

<sup>3</sup>

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.

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)

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 97

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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.** 

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| | | |
|:---|:---|:---|
| **Name** | **Term** | **Minimum** <br> **Guaranteed**<br> **Interest Rate**<br>|
| 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% |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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.** <br>

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| | | | |
|:---|:---|:---|:---|
| **Name** | **Term** | **Contract**<br> **Issue**<br> **Year**<br>| **Minimum**<br> **Guaranteed**<br> **Interest Rate**<sup>\*</sup><br>|
| Regular Fixed Account | 1 Year | 2004 | 1.50% or 2.00%<sup>†</sup> |
| Regular Fixed Account | 1 Year | 2005 | 1.50% or 2.25% |
| Regular Fixed Account | 1 Year | 2006 | 1.50% or 3.00% |
| Special DCA Fixed Account | 6 Months | 2004 | 1.50% or 2.00%<sup>†</sup> |
| Special DCA Fixed Account | 6 Months | 2005 | 1.50% or 2.25% |
| Special DCA Fixed Account | 6 Months | 2006 | 1.50% or 3.00% |
| Special DCA Fixed Account | 1 Year | 2004 | 1.50% or 2.00%<sup>†</sup> |
| Special DCA Fixed Account | 1 Year | 2005 | 1.50% or 2.25% |
| Special DCA Fixed Account | 1 Year | 2006 | 1.50% or 3.00% |

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\*

Minimum guaranteed interest rates vary by Issue State and Issue Date. See your Contract Data Page for your applicable minimum guaranteed interest rate.

†

Contracts issued in WA prior to 9/13/2004 have minimum guaranteed interest rates of 3%. Contracts issued in AL, UT, or WI prior to 7/1/2004 and MA or RI prior to 9/13/2004, have minimum guaranteed interest rates of 2% for 10 years and 3% thereafter.

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98 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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Appendix B: Example – Surrender Charges

**Full surrender charge calculation – ten-year surrender charge schedule:** 

This is an example of how we calculate the surrender charge for a full surrender on a RAVA Advantage Plus contract with a ten-year surrender charge schedule with the following history:

• we receive a single $100,000 purchase payment; and

• you surrender the contract for its total value during the fourth contract year. The surrender charge percentage in the fourth year after a purchase payment is 7.0%; and

• you have made no prior partial surrenders.

**We will look at two situations, one where the contract has a gain and another where there is a loss:** <br>

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|  |
|  | Contract Value at time of full surrender: | $120000.00 | &nbsp;&nbsp; $80000.00 |  |
|  | Contract Value on prior anniversary: | 115000.00 | &nbsp;&nbsp; 85000.00 |  |
| **Step 1.** | We determine the Total Free Amount (TFA) available in the <br> contract as the greatest of the earnings or 10% of the prior <br> anniversary value:<br>|  |  |  |
|  | Earnings in the contract: | 20000.00 | 0.00 |  |
|  | 10% of the prior anniversary's contract value: | 11500.00 | &nbsp;&nbsp; 8500.00 |  |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |  |
| **Step 2.** | We determine the TFA that is from Purchase Payments: |  |  |  |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |  |
|  | Earnings in the contract: | 20000.00 | 0.00 |  |
|  | Purchase Payments being Surrendered Free (PPF): | 0.00 | &nbsp;&nbsp; 8500.00 |  |
| **Step 3.** | We calculate the Premium Ratio (PR): |  |  |  |
|  | **PR = [WD – TFA] / [CV – TFA]** |  |  |  |
|  | WD = | 120000.00 | &nbsp;&nbsp; 80000.00 | the amount of <br> the surrender<br>|
|  | TFA = | 20000.00 | &nbsp;&nbsp; 8500.00 | the total free <br> amount, step 1<br>|
|  | CV = | 120000.00 | &nbsp;&nbsp; 80000.00 | the contract <br> value at the <br> time of the <br> surrender<br>|
|  | PR = | 100% | &nbsp;&nbsp; 100% | the premium <br> ratio<br>|
| **Step 4.** | We calculate Chargeable Purchase Payments being <br> Surrendered (CPP):<br>|  |  |  |
|  | **CPP = PR × (PP – PPF)** |  |  |  |
|  | PR = | 100% | &nbsp;&nbsp; 100% | premium ratio, <br> step 3<br>|
|  | PP = | 100000.00 | &nbsp;&nbsp; 100000.00 | purchase <br> payments not <br> previously <br> surrendered<br>|
|  | PPF = | 0.00 | &nbsp;&nbsp; 8500.00 | purchase <br> payments being <br> surrendered <br> free, step 2<br>|
|  | CPP = | 100000.00 | &nbsp;&nbsp; 91500.00 |  |
| **Step 5.** | We calculate the Surrender Charges: |  |  |  |
|  | Chargeable Purchase Payments: | 100000.00 | &nbsp;&nbsp; 91500.00 |  |
|  | Surrender Charge Percentage: | 7% | &nbsp;&nbsp; 7% |  |
|  | Surrender Charge: | 7000.00 | &nbsp;&nbsp; 6405.00 |  |

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 99

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| | | | |
|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|
| **Step 6.** | We calculate the Net Surrender Value: | 120000.00 | &nbsp;&nbsp; 80000.00 |
|  | Contract Value Surrendered: | (7000.00)<br>| &nbsp;&nbsp; (6405.00)<br>|
|  | Contract Charge (assessed upon full surrender): | (50.00)<br>| &nbsp;&nbsp; (50.00)<br>|
|  | **Net Full Surrender Proceeds**: | **112950.00** | &nbsp;&nbsp; **73545.00** |

---

**Partial surrender charge calculation — ten-year surrender charge schedule:** 

This is an example of how we calculate the surrender charge for a partial surrender on a RAVA Advantage Plus contract with a ten-year surrender charge schedule with the following history:

• we receive a single $100,000 purchase payment; and

• you request a gross partial surrender of $50,000 during the fourth contract year. The surrender charge percentage is 7.0%; and

• you have made no prior partial surrenders.

**We will look at two situations, one where the contract has a gain and another where there is a loss:** <br>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|  |
|  | Contract Value at time of partial surrender: | $120000.00 | &nbsp;&nbsp; $80000.00 |  |
|  | Contract Value on prior anniversary: | 115000.00 | &nbsp;&nbsp; 85000.00 |  |
| **Step 1.** | We determine the Total Free Amount (TFA) available in the <br> contract as the greatest of the earnings or 10% of the prior <br> anniversary value:<br>|  |  |  |
|  | Earnings in the contract: | 20000.00 | 0.00 |  |
|  | 10% of the prior anniversary's contract value: | 11500.00 | &nbsp;&nbsp; 8500.00 |  |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |  |
| **Step 2.** | We determine the TFA that is from Purchase Payments: |  |  |  |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |  |
|  | Earnings in the contract: | 20000.00 | 0.00 |  |
|  | Purchase Payments being Surrendered Free (PPF): | 0.00 | &nbsp;&nbsp; 8500.00 |  |
| **Step 3.** | We calculate the Premium Ratio (PR): |  |  |  |
|  | **PR = [WD – TFA] / [CV – TFA]** |  |  |  |
|  | WD = | 50000.00 | &nbsp;&nbsp; 50000.00 | the amount of <br> the surrender<br>|
|  | TFA = | 20000.00 | &nbsp;&nbsp; 8500.00 | the total free <br> amount, step 1<br>|
|  | CV = | 120000.00 | &nbsp;&nbsp; 80000.00 | the contract <br> value at the <br> time of <br> surrender<br>|
|  | PR = | 30% | &nbsp;&nbsp; 58% | the premium <br> ratio<br>|

---

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100 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|  |
| **Step 4.** | We calculate the Chargeable Purchase Payments being <br> Surrendered (CPP):<br>|  |  |  |
|  | **CPP = PR × (PP – PPF)** |  |  |  |
|  | PR = | 30% | &nbsp;&nbsp; 58% | premium ratio, <br> step 3<br>|
|  | PP = | 100000.00 | &nbsp;&nbsp; 100000.00 | purchase <br> payments not <br> previously <br> surrendered<br>|
|  | PPF = | 0.00 | &nbsp;&nbsp; 8500.00 | purchase <br> payments being <br> surrendered <br> free, step 2<br>|
|  | CPP = | 30000.00 | &nbsp;&nbsp; 53108.39 | chargeable <br> purchase <br> payments being <br> surrendered<br>|
| **Step 5.** | We calculate the Surrender Charges: |  |  |  |
|  | Chargeable Purchase Payments: | 30000.00 | &nbsp;&nbsp; 53108.39 |  |
|  | Surrender Charge Percentage: | 7% | &nbsp;&nbsp; 7% |  |
|  | Surrender Charge: | 2100 | &nbsp;&nbsp; 3718 |  |
| **Step 6.** | We calculate the Net Surrender Value: |  |  |  |
|  | Contract Value Surrendered: | 50000.00 | &nbsp;&nbsp; 50000.00 |  |
|  | **Surrender Charge:** | **(2100.00)**<br>| &nbsp;&nbsp; **(3717.59)**<br>|  |
|  | **Net Partial Surrender Proceeds:** | **47900.00** | &nbsp;&nbsp; **46282.41** |  |

---

**Full surrender charge calculation — three-year surrender charge schedule:** 

This is an example of how we calculate the surrender charge for a full surrender on a RAVA Select Plus contract with a three-year surrender charge schedule with the following history:

• we receive a single $100,000 purchase payment; and

• you surrender the contract for its total value during the second contract year. The surrender charge percentage in the year after a purchase payment is 7.0%; and

• you have made no prior partial surrenders.

**We will look at two situations, one where the contract has a gain and another where there is a loss:** <br>

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|
|  | Contract Value at time of full surrender: | $120000.00 | &nbsp;&nbsp; $80000.00 |
|  | Contract Value on prior anniversary: | 115000.00 | &nbsp;&nbsp; 85000.00 |
| **Step 1.** | We determine the Total Free Amount (TFA) available in the <br> contract as the greatest of the earnings or 10% of the prior <br> anniversary value:<br>|  |  |
|  | Earnings in the Contract: | 20000.00 | 0.00 |
|  | 10% of the prior anniversary's contract value: | 11500.00 | &nbsp;&nbsp; 8500.00 |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |
| **Step 2.** | We determine the TFA and Amount Free that is from <br> Purchase Payments:<br>|  |  |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |
|  | Earnings in the contract: | 20000.00 | 0.00 |
|  | Purchase Payments being Surrendered Free (PPF): | 0.00 | &nbsp;&nbsp; 8500.00 |

---

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 101

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|  |
| **Step 3.** | We calculate the Premium Ratio (PR): |  |  |  |
|  | **PR = [WD – TFA] / [CV – TFA]** |  |  |  |
|  | WD = | 120000.00 | &nbsp;&nbsp; 80000.00 | the amount of <br> the surrender<br>|
|  | TFA = | 20000.00 | &nbsp;&nbsp; 8500.00 | the total free <br> amount, step 1<br>|
|  | CV = | 120000.00 | &nbsp;&nbsp; 80000.00 | the contract <br> value at the <br> time of the <br> surrender<br>|
|  | PR = | 100% | &nbsp;&nbsp; 100% |  |
| **Step 4.** | We calculate Chargeable Purchase Payments being <br> Surrendered (CPP):<br>|  |  |  |
|  | **CPP = PR × (PP – PPF)** |  |  |  |
|  | PR = | 100% | &nbsp;&nbsp; 100% | premium ratio, <br> step 3<br>|
|  | PP = | 100000.00 | &nbsp;&nbsp; 100000.00 | purchase <br> payments not <br> previously <br> surrendered<br>|
|  | PPF = | 0.00 | &nbsp;&nbsp; 8500.00 | purchase <br> payments being <br> surrendered <br> free, step 2<br>|
|  | CPP = | 100000.00 | &nbsp;&nbsp; 91500.00 |  |
| **Step 5.** | We calculate the Surrender Charges: |  |  |  |
|  | Chargeable Purchase Payments: | 100000.00 | &nbsp;&nbsp; 91500.00 |  |
|  | Surrender Charge Percentage: | 7% | &nbsp;&nbsp; 7% |  |
|  | Surrender Charge: | 7000.00 | &nbsp;&nbsp; 6405.00 |  |
| **Step 6.** | We calculate the Net Surrender Value: | 120000.00 | &nbsp;&nbsp; 80000.00 |  |
|  | Contract Value Surrendered: | (7000.00)<br>| &nbsp;&nbsp; (6405.00)<br>|  |
|  | Contract Charge (assessed upon full surrender): | (50.00)<br>| &nbsp;&nbsp; (50.00)<br>|  |
|  | **Net Full Surrender Proceeds:** | **112950.00** | &nbsp;&nbsp; **73545.00** |  |

---

**Partial surrender charge calculation — three-year surrender charge schedule:** 

This is an example of how we calculate the surrender charge for a partial surrender on a RAVA Select Plus contract with a three-year surrender charge schedule with the following history:

• we receive a single $100,000 purchase payment; and

• you request a gross partial surrender of $50,000 during the second contract year. The surrender charge percentage is 7.0%; and

• you have made no prior partial surrenders.

**We will look at two situations, one where the contract has a gain and another where there is a loss:** <br>

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|
|  | Contract Value at time of partial surrender: | $120000.00 | &nbsp;&nbsp; $80000.00 |
|  | Contract Value on prior anniversary: | 115000.00 | &nbsp;&nbsp; 85000.00 |
| **Step 1.** | We determine the Total Free Amount (TFA) available in the <br> contract as the greatest of the earnings or 10% of the prior <br> anniversary value:<br>|  |  |
|  | Earnings in the contract: | 20000.00 | 0.00 |
|  | 10% of the prior anniversary's contract value: | 11500.00 | &nbsp;&nbsp; 8500.00 |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |

---

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102 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|  |
| **Step 2.** | We determine the Amount Free that is from Purchase <br> Payments:<br>|  |  |  |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |  |
|  | Earnings in the contract: | 20000.00 | 0.00 |  |
|  | Purchase Payments being Surrendered Free (PPF): | 0.00 | &nbsp;&nbsp; 8500.00 |  |
| **Step 3.** | We calculate the Premium Ratio (PR): |  |  |  |
|  | **PR = [WD – TFA] / [CV – TFA]** |  |  |  |
|  | WD = | 50000.00 | &nbsp;&nbsp; 50000.00 | the amount of <br> the surrender<br>|
|  | TFA = | 20000.00 | &nbsp;&nbsp; 8500.00 | the total free <br> amount, step 1<br>|
|  | CV = | 120000.00 | &nbsp;&nbsp; 80000.00 | the contract <br> value at the <br> time of <br> surrender<br>|
|  | PR = | 30% | &nbsp;&nbsp; 58% | the premium <br> ratio<br>|
| **Step 4.** | We calculate the Chargeable Purchase Payments being <br> Surrendered (CPP):<br>|  |  |  |
|  | **CPP = PR × (PP – PPF)** |  |  |  |
|  | PR = | 30% | &nbsp;&nbsp; 58% | premium ratio, <br> step 3<br>|
|  | PP = | 100000.00 | &nbsp;&nbsp; 100000.00 | purchase <br> payments not <br> previously <br> surrendered<br>|
|  | PPF = | 0.00 | &nbsp;&nbsp; 8500.00 | purchase <br> payments being <br> surrendered <br> free, step 2<br>|
|  | CPP = | 30000.00 | &nbsp;&nbsp; 53108.39 | chargeable <br> purchase <br> payments being <br> surrendered<br>|
| **Step 5.** | We calculate the Surrender Charges: |  |  |  |
|  | Chargeable Purchase Payments: | 30000.00 | &nbsp;&nbsp; 53108.39 |  |
|  | Surrender Charge Percentage: | 7% | &nbsp;&nbsp; 7% |  |
|  | Surrender Charge: | 2100 | &nbsp;&nbsp; 3718 |  |
| **Step 6.** | We calculate the Net Surrender Value: |  |  |  |
|  | Contract Value Surrendered: | 50000.00 | &nbsp;&nbsp; 50000.00 |  |
|  | **Surrender Charge:** | **(2100.00)**<br>| &nbsp;&nbsp; **(3717.59)**<br>|  |
|  | **Net Partial Surrender Proceeds:** | **47900.00** | &nbsp;&nbsp; **46282.41** |  |

---

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 103

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Appendix C: Example – Optional Benefits

**Example – Accumulation Benefit** 

The following example shows how the Accumulation Benefit rider works based on hypothetical values. It is not intended to depict investment performance of the contract.

The example assumes:

• You purchase the contract (with the Accumulation Benefit rider) with a payment of $100,000. No purchase payment credit applies.

• You make no additional purchase payments.

• You do not exercise the elective step-up option.

• The Accumulation Benefit rider fee is 0.60%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **End of**<br> **Contract** <br> **Year**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Assumed Net** <br> **Rate of Return**<br>| &nbsp;&nbsp;&nbsp; **Partial Surrender**<br> **(Beginning of Year)**<br>| &nbsp;&nbsp;&nbsp; **Adjusted Partial** <br> **Surrender**<br>| **MCAV** | &nbsp;&nbsp;&nbsp; **Accumulation** <br> **Benefit Amount**<br>| **Contract Value** |
| 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12% | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 111328 |
| 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15% | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 102422 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 127259 |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 104861 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 130290 |
| 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; –8% | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 104861 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 119148 |
| 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; –15% | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 104861 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 100647 |
| 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20% | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2084 | &nbsp;&nbsp;&nbsp;&nbsp; 102778 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 117666 |
| 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15% | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 108252 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 134504 |
| 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; –10% | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 108252 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 120327 |
| 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; –20% | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 4498 | &nbsp;&nbsp;&nbsp;&nbsp; 103754 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 91639 |
| 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; –12% | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 103754 | &nbsp;&nbsp;&nbsp;&nbsp; 23734 | &nbsp;&nbsp;&nbsp;&nbsp; 103754 |

---

**Example – Withdrawal Benefit** 

The following example shows how the Withdrawal Benefit rider works based on hypothetical values. It is not intended to depict investment performance of the contract.

The example assumes:

• You purchase the RAVA Select Plus contract (with the Withdrawal Benefit rider) with a payment of $100,000. No purchase payment credit applies.

• You make no additional purchase payments.

• The contract earns a net return of –5%.

• The Withdrawal Benefit rider fee is 0.60%.

• You take withdrawals equal to the GBP (which is 7% of the GBA or $7,000) at the beginning of each contract year until the RBA is exhausted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Contract Year** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Contract Value**<br> **(Beginning of Year)**<br>| &nbsp;&nbsp;&nbsp; **Withdrawal**<br> **(Beginning of Year)**<br>| &nbsp;&nbsp;&nbsp; **Contract Value**<br> **(End of Year)**<br>| **GBA** | **RBA** |
| 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $100000 | &nbsp;&nbsp;&nbsp;&nbsp; $7000 | &nbsp;&nbsp;&nbsp;&nbsp; $87820 | &nbsp;&nbsp;&nbsp;&nbsp; $100000 | &nbsp;&nbsp;&nbsp;&nbsp; $93000 |
| 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87820 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 76318 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 86000 |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76318 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 65457 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 79000 |
| 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65457 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 55201 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 72000 |
| 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55201 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 45516 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 65000 |
| 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45516 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 36371 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 58000 |
| 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36371 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 27735 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 51000 |
| 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27735 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 19550 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 44000 |
| 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19550 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 11821 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 37000 |
| 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11821 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 4523 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 30000 |
| 11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4523 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 23000 |
| 12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 16000 |
| 13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 9000 |
| 14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 |
| 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 |

---

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104 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

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**Example — ROPP Death Benefit** 

• You purchase the contract (with the ROPP rider) with a payment of $20,000.

• The contract value falls to $18,000, at which point you take a $1,500 partial surrender, leaving a contract value of $16,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **We calculate the death benefit as follows:** | **We calculate the death benefit as follows:** |  |
| The total purchase payments minus adjustments for partial surrenders: | The total purchase payments minus adjustments for partial surrenders: |  |
| Total purchase payments | Total purchase payments | $20000 |
| minus adjusted partial surrenders, calculated as: | minus adjusted partial surrenders, calculated as: |  |
| $1,500 × $20,000 | = | –1667 |
| $18000 | = |  |
| for a death benefit of: | for a death benefit of: | $18333 |

---

**Example — MAV Death Benefit** 

• You purchase the contract (with the MAV rider) with a payment of $20,000.

• On the first contract anniversary the contract value grows to $24,000.

• During the second contract year the contract value falls to $22,000, at which point you take a $1,500 partial surrender, leaving a contract value of $20,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **We calculate the death benefit as follows:** | **We calculate the death benefit as follows:** |  |
| The maximum anniversary value immediately preceding the date of death plus any payments made <br> since that anniversary minus adjusted partial surrenders: | The maximum anniversary value immediately preceding the date of death plus any payments made <br> since that anniversary minus adjusted partial surrenders: |  |
| Greatest of your contract anniversary contract values: | Greatest of your contract anniversary contract values: | $24000 |
| plus purchase payments made since that anniversary: | plus purchase payments made since that anniversary: | +0 |
| minus adjusted partial surrenders, calculated as: | minus adjusted partial surrenders, calculated as: |  |
| $1,500 × $24,000 | = | –1636 |
| $22000 | = |  |
| for a death benefit of: | for a death benefit of: | $22364 |

---

**Example — 5-Year MAV Death Benefit** 

• You purchase the contract (with the 5-Year MAV rider) with a payment of $20,000.

• On the fifth contract anniversary the contract value grows to $30,000.

• During the sixth contract year the contract value falls to $25,000, at which point you take a $1,500 partial surrender, leaving a contract value of $23,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **We calculate the death benefit as follows:** | **We calculate the death benefit as follows:** |  |
| The maximum 5-year anniversary value immediately preceding the date of death plus any payments <br> made since that anniversary minus adjusted partial surrenders: | The maximum 5-year anniversary value immediately preceding the date of death plus any payments <br> made since that anniversary minus adjusted partial surrenders: |  |
| Greatest of your 5-year contract anniversary contract values: | Greatest of your 5-year contract anniversary contract values: | $30000 |
| plus purchase payments made since that anniversary: | plus purchase payments made since that anniversary: | +0 |
| minus adjusted partial surrenders, calculated as: | minus adjusted partial surrenders, calculated as: |  |
| $1,500 × $30,000 | = | –1800 |
| $25000 | = |  |
| for a death benefit of: | for a death benefit of: | $28200 |

---

**Example — EEB Death Benefit** 

• You purchase the contract with a payment of $100,000 and you are under age 70. You select the seven-year surrender charge schedule, the MAV and the EEB.

• During the first contract year the contract value grows to $105,000. The death benefit equals the standard death benefit, which is the contract value less purchase payment credits reversed, or $104,000. You have not reached the first contract anniversary so the EEB does not provide any additional benefit at this time.

• On the first contract anniversary the contract value grows to $110,000. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $110000 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEB which equals 40% of earnings at death (MAV death benefit amount minus payments not <br> previously surrendered):<br>|  |
| 0.40 × ($110,000 – $100,000) = | +4,000 |

---

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RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 105

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---

| | |
|:---|:---|
| Total death benefit of: | $114000 |

---

• On the second contract anniversary the contract value falls to $105,000. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (maximum anniversary value): | $110000 |
| plus the EEB (40% of earnings at death): |  |
| 0.40 × ($110,000 – $100,000) = | +4,000 |
| Total death benefit of: | $114000 |

---

• During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value. Altogether, we will surrender $50,000 and pay you $47,235. We calculate purchase payments not previously surrendered as $100,000 – $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): | MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): | MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |  |
| $110000 – | ($50,000 × $110,000) | = | $57619 |
| $110000 – | $105000 | = | $57619 |
| plus the EEB (40% of earnings at death): | plus the EEB (40% of earnings at death): | plus the EEB (40% of earnings at death): |  |
| 0.40 × ($57,619 – $55,000) = | 0.40 × ($57,619 – $55,000) = | 0.40 × ($57,619 – $55,000) = | +1,048 |
| Total death benefit of: | Total death benefit of: | Total death benefit of: | $58667 |

---

• On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $58,667. The reduction in contract value has no effect.

• On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of purchase payments not previously surrendered that are one or more years old. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $200000 |
| plus the EEB (40% of earnings at death) |  |
| 0.40 × 2.50 × ($55000) = | +55,000 |
| Total death benefit of: | $255000 |

---

• During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,500. The new purchase payment is less than one year old and so it has no effect on the EEB. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value less purchase payment credits reversed) | $250000 |
| plus the EEB (40% of earnings at death) |  |
| 0.40 × 2.50 × ($55000) = | +55,000 |
| Total death benefit of: | $305000 |

---

• During the eleventh contract year the contract value remains $250,500 and the "new" purchase payment is now one year old. The value of the EEB changes. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $250500 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEB which equals 40% of earnings at death (the standard death benefit amount minus payments <br> not previously surrendered):<br>|  |
| 0.40 × ($250,500 – $105,000) = | +58,200 |
| Total death benefit of: | $308700 |

---

**Example — EEP Death Benefit** 

• You purchase the contract with an exchange purchase payment of $100,000 and you are under age 70. You select the seven-year surrender charge schedule, the MAV and the EEP.

• During the first contract year the contract value grows to $105,000. The death benefit equals the standard death benefit amount, which is the contract value less purchase payment credits reversed, or $104,000. You have not reached the first contract anniversary so neither the EEP Part I nor Part II provides any additional benefit at this time.

• On the first contract anniversary the contract value grows to $110,000. You have not reached the second contract anniversary so the EEP Part II does not provide any additional benefit at this time. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $110000 |

---

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106 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEP Part I which equals 40% of earnings at death (the MAV death benefit amount minus <br> purchase payments not previously surrendered):<br>|  |
| 0.40 × ($110,000 – $100,000) = | +4,000 |
| Total death benefit of: | $114000 |

---

• On the second contract anniversary the contract value falls to $105,000. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (maximum anniversary value): | $110000 |
| plus the EEP Part I (40% of earnings at death): |  |
| 0.40 × ($110,000 – $100,000) = | +4,000 |
| plus the EEP Part II which in the third contract year |  |
| equals 10% of exchange purchase payments identified at issue and not previously surrendered: |  |
| 0.10 × $100,000 = | +10,000 |
| Total death benefit of: | $124000 |

---

• During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value. Altogether, we will surrender $50,000 and pay you $47,235. We calculate purchase payments not previously surrendered as $100,000 - $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): | MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): | MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |  |
| $110000 – | ($50,000 × $110,000) | = | $57619 |
| $110000 – | $105000 | = | $57619 |
| plus the EEP Part I (40% of earnings at death): | plus the EEP Part I (40% of earnings at death): | plus the EEP Part I (40% of earnings at death): |  |
| 0.40 × ($57,619 – $55,000) = | 0.40 × ($57,619 – $55,000) = | 0.40 × ($57,619 – $55,000) = | +1,048 |
| plus the EEP Part II which in the third contract year | plus the EEP Part II which in the third contract year | plus the EEP Part II which in the third contract year |  |
| equals 10% of exchange purchase payments identified at issue and not previously surrendered: | equals 10% of exchange purchase payments identified at issue and not previously surrendered: | equals 10% of exchange purchase payments identified at issue and not previously surrendered: |  |
| 0.10 × $55,000 = | 0.10 × $55,000 = | 0.10 × $55,000 = | +5,500 |
| Total death benefit of: | Total death benefit of: | Total death benefit of: | $64167 |

---

• On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $64,167. The reduction in contract value has no effect.

• On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of purchase payments not previously surrendered that are one or more years old. Because we are beyond the fourth contract anniversary the EEP also reaches its maximum of 20%. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $200000 |
| plus the EEP Part I (40% of earnings at death) |  |
| .40 × (2.50 × $55,000) = | +55,000 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEP Part II which after the fourth contract year equals 20% of exchange purchase payments <br> identified at issue and not previously surrendered: 0.20 × $55,000 =<br>| +11,000 |
| Total death benefit of: | $266000 |

---

• During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,500. The new purchase payment is less than one year old and so it has no effect on either the EEP Part I or EEP Part II. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value less purchase payment credits reversed): | $250000 |
| plus the EEP Part I (40% of earnings at death) |  |
| .40 × (2.50 × $55,000) = | +55,000 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments <br> identified at issue and Not previously surrendered: 0.20 × $55,000 =<br>| +11,000 |
| Total death benefit of: | $316000 |

---

------

RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 107

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• During the eleventh contract year the contract value remains $250,500 and the "new" purchase payment is now one year old. The value of the EEP Part I changes but the value of the EEP Part II remains constant. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $250500 |
| &nbsp;&nbsp;&nbsp;&nbsp; the EEP Part I which equals 40% of earnings at death (the MAV death benefit minus payments not <br> previously surrendered):<br>|  |
| 0.40 × ($250,500 – $105,000) = | +58,200 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments <br> identified at issue And not previously surrendered: 0.20 × $55,000 =<br>| +11,000 |
| Total death benefit of: | $319700 |

---

------

108 RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus

------

Appendix D: Example – Withdrawal Benefit Riders: Electing Step-up or Spousal Continuation Step-up

**Assumptions:** 

*This example assumes that the covered person (for joint life, younger covered spouse) is 65 or older and there are no additional purchase payments or withdrawals.* 

• You own a RiverSource variable annuity with a withdrawal benefit rider. You are currently invested in the Variable Portfolio — Moderately Aggressive Portfolio (Class 2) (a Portfolio Navigator fund) with a current rider fee of 0.65%.

Your Contract Value (CV) is $100,000 and your withdrawal benefit rider currently provides the following benefits:

1)

You can withdraw $6,000 a year for the rest of your life. This is your Annual Lifetime Payment, or

2)

You can withdraw $7,000 a year until you have withdrawn a total of $100,000. This is your Guaranteed Benefit Payment.

Based on your current CV, you will pay a rider fee of approximately $650 on your next annuity contract anniversary.

• The annual fee for this rider has increased to 0.95% for clients invested in the Variable Portfolio – Moderately Aggressive Portfolio (Class 2).

The following compares certain options available to you. Changes to rider values or fees are presented for two different scenarios where your CV increases to either $110,000 or $101,000 over the contract year:

*1)*

*Elect to lock in your contract gains to your benefit values (step-up):*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **CV of $110,000** | **CV of $101,000** |
| Increase in Annual Lifetime Payment | $600 | $60 |
| Increase in Guaranteed Benefit Payment | $700 | $70 |
| Increase in Annual Rider Fee | 0.30% | 0.30% |
| Increase in Annual Contract Charge | $330 | $303 |

---

Automatic Step-ups will continue on your next anniversary (if available under your rider).

*2)*

*Do not elect to lock in your contract gains (no step-up):*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **CV of $110,000** | **CV of $101,000** |
| Increase in Annual Lifetime Payment | $0 | $0 |
| Increase in Guaranteed Benefit Payment | $0 | $0 |
| Increase in Annual Rider Fee | 0% | 0% |
| Increase in Annual Contract Charge | $65 | $6.50 |

---

Your rider fee will not change, although the dollar amount of your annual charge will change as your CV changes. On your next anniversary, you will again have the option to elect the step-up (lock in contract gains)

*3)*

*Move to one of the Portfolio Stabilizer funds and elect the step-up:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **CV of $110,000** | **CV of $101,000** |
| Increase in Annual Lifetime Payment | $600 | $60 |
| Increase in Guaranteed Benefit Payment | $700 | $70 |
| Increase in Annual Rider Fee | 0% | 0% |
| Increase in Annual Contract Charge | $65 | $6.50 |

---

Your rider fee will not change, although the dollar amount of your annual charge will change as your CV changes. Automatic Step-ups will continue on your next anniversary (if available under your rider).

*The above example is for illustrative purposes only. The assumptions and calculations used are not intended to be consistent with any one rider, but instead are intended to provide an idea of how different scenarios would operate. Your specific rider may use different calculations for fees or have different benefits available. For a full description and rules applicable to step-up options under your rider, please see the "Optional Benefits – Optional Living Benefits" section.* 

*Electing to step-up may result in different increases to the annual rider charge relative to the increase in your rider values. You should weigh the resulting increased charge due to the step-up versus the increases to your benefits to determine the option that is best for you.*

------

RiverSource Retirement Advisor Advantage Plus/Retirement Advisor Select Plus Variable Annuity — Prospectus 109

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**This page left blank intentionally**

------

The Statement of Additional Information (SAI) includes additional information about the Contract. The SAI, dated the same date as this prospectus, is incorporated by reference into this prospectus. The SAI is available, without charge, upon request. For a free copy of the 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 Annuity Logo)](g384690img102ef9db1.jpg)

RiverSource Life Insurance Company <br>70100 Ameriprise Financial Center <br>Minneapolis, MN 55474 <br>1-800-862-7919

PRO9073_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: publicinfo@sec.gov.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

EDGAR Contract Identifier: C000009764; <br>C000266994© 2008-2024 RiverSource Life Insurance Company. All rights reserved.

------

Prospectus

September 22, 2025

*RiverSource*<sup>®</sup>

Retirement Advisor 4 Advantage<sup>®</sup> Variable Annuity

Retirement Advisor 4 Select<sup>®</sup> Variable Annuity

Retirement Advisor 4 Access<sup>®</sup> Variable Annuity

**INDIVIDUAL FLEXIBLE PREMIUM DEFERRED COMBINATION FIXED/VARIABLE ANNUITIES**

---

| | |
|:---|:---|
| **Issued by:** | **RiverSource Life Insurance Company (RiverSource Life)** |
|  | &nbsp;&nbsp; 70100 Ameriprise Financial Center<br> Minneapolis, MN 55474<br> Telephone: 1-800-862-7919<br> (Service Center)<br> ameriprise.com/variableannuities<br> **RiverSource Variable Account 10**<br>|

---

This prospectus contains information that you should know before investing in 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) (Contract), individual flexible premium deferred combination fixed/variable annuity contracts issued by RiverSource Life Insurance Company ("RVS Life", "we", "us" and "our"). The RAVA 4 Advantage Contract offers seven-year and ten-year surrender charge schedules. The information in this prospectus applies to all contracts unless stated otherwise. All material terms and conditions of the contracts, including material state variations and distribution channels, are described in this prospectus.

The contract allows you to invest your money in (i) available subaccounts investing in shares of underlying funds, each of which has a particular investment objective, investment strategies, fees and expenses; or (ii) the regular fixed account (not available for RAVA 4 Access contracts), special dollar cost averaging ("SDCA") fixed account, and guarantee period accounts ("GPAs"), each of which earn fixed interest at rates that we adjust periodically and declare when you make an allocation to that account. Additional information regarding each investment option is provided in Appendix A – Investment Options Available Under the Contract.

The contract is a complex investment and involves risks, including loss of principal. The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in surrender charges, taxes, and tax penalties. If you remove money from the GPAs prior to 30 days before the end of the guarantee period, we will apply a market value adjustment ("MVA"), which may be positive or negative. **You could lose up to 100% of the amount withdrawn from a GPA as a result of a negative MVA.** Withdrawals from the contract could also reduce the amount of certain optional benefits by more than the dollar amount of the withdrawal, and such reductions could be significant.

An investment in the contract is subject to the risks related to RVS Life. Any obligations under the contract that exceed the assets of the separate account are subject to our financial strength and claims-paying ability.

**The contracts are no longer available for new purchases.** These contracts are no longer being sold and this prospectus is designed for current contract owners. In addition to the possible state variations, you should note that your contract features and charges may vary depending on the date on which you purchased your contract.

For more information about the particular features, charges and options applicable to you, please contact your financial professional or refer to your contract for contract variation information.

This contract provides for purchase payment credits to eligible contract owners, which we may reverse upon payment of a lump sum death benefit when the date of death is within 12 months of when the purchase payment credit was applied, upon a surrender payment subject to a surrender charge waiver due to Hospital or Nursing Home Confinement or Terminal Illness Disability Diagnosis within 12 months of when the purchase payment credit was applied or upon settlement of the contract under an annuity payout plan within 12 months of when the purchase payment credit was applied (see "Buying Your Contract – Purchase Payment Credits"). Expense charges for contracts with purchase payment credits may be higher than expenses for contracts without such credits. The amount of the credit may be more than offset by any additional fees and charges associated with the credit.

------

RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 1

------

Additional information about certain investment products, including variable annuities and market value adjusted 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.**

------

2 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| [Key Terms](#xx_8f8a4d52-f79b-494f-a449-03b5249d6d3c_1) | 4 |
| [Overview of the](#xx_2e9e3843-a3d1-4f85-a66e-cc9f4c14306a_1)[Contract](#xx_2e9e3843-a3d1-4f85-a66e-cc9f4c14306a_1) | 6 |
| &nbsp;&nbsp;&nbsp; [Important Information You Should Consider About](#xx_f63a4e6d-2820-437d-905a-5213e8bc0544_1)<br> [the](#xx_f63a4e6d-2820-437d-905a-5213e8bc0544_1)[Contract](#xx_f63a4e6d-2820-437d-905a-5213e8bc0544_1)<br>| 8 |
| [Fee Table and Examples](#xx_b4279051-2e51-450f-b687-9a332821cf55_1) | 13 |
| &nbsp;&nbsp;&nbsp; [Transaction Expenses](#xx_b4279051-2e51-450f-b687-9a332821cf55_1) | 13 |
| &nbsp;&nbsp;&nbsp; [Adjustments](#xx_b4279051-2e51-450f-b687-9a332821cf55_1) | 13 |
| &nbsp;&nbsp;&nbsp; [Annual Contract Expenses](#xx_b4279051-2e51-450f-b687-9a332821cf55_1) | 13 |
| &nbsp;&nbsp;&nbsp; [Annual Fund Expenses](#xx_b4279051-2e51-450f-b687-9a332821cf55_3) | 15 |
| [Principal Risks of Investing in the](#xx_1f768e65-3bee-4fa5-a727-0d5e570f5afa_1)[Contract](#xx_1f768e65-3bee-4fa5-a727-0d5e570f5afa_1) | 18 |
| [The Variable Account and the Funds](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_1) | 20 |
| &nbsp;&nbsp;&nbsp; [The "Nonunitized" Separate Account and the](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_3)<br> [Guarantee Period Accounts (GPAs)](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_3)<br>| 22 |
| [The General Account](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_4) | 23 |
| [The Fixed Account](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_4) | 23 |
| &nbsp;&nbsp;&nbsp; [The Regular Fixed Account](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_5) | 24 |
| &nbsp;&nbsp;&nbsp; [The Special DCA Fixed Account](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_5) | 24 |
| [Buying Your Contract](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_5) | 24 |
| &nbsp;&nbsp;&nbsp; [Purchase Payments](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_6) | 25 |
| &nbsp;&nbsp;&nbsp; [How to Make Purchase Payments](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_8) | 27 |
| &nbsp;&nbsp;&nbsp; [Purchase Payment Credits](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_8) | 27 |
| &nbsp;&nbsp;&nbsp; [Limitations on Use of Contracts](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_9) | 28 |
| &nbsp;&nbsp;&nbsp; [The Settlement Date](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_9) | 28 |
| &nbsp;&nbsp;&nbsp; [Beneficiary](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_10) | 29 |
| [Charges](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_10)[and Adjustments](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_10) | 29 |
| [Transaction Expenses](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_10) | 29 |
| &nbsp;&nbsp;&nbsp; [Surrender Charge](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_10) | 29 |
| [Annual Contract Expenses](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_13) | 32 |
| &nbsp;&nbsp;&nbsp; [Base Contract Expenses](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_13) | 32 |
| &nbsp;&nbsp;&nbsp; [Contract Administrative Charge](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_13) | 32 |
| &nbsp;&nbsp;&nbsp; [Mortality and Expense Risk Fee](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_14) | 33 |
| [Adjustments](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_14) | 33 |
| &nbsp;&nbsp;&nbsp; [Market Value Adjustments](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_14) | 33 |
| [Optional Benefit Charges](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_15) | 34 |
| &nbsp;&nbsp;&nbsp; [Optional Living Benefit Charges](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_15) | 34 |
| &nbsp;&nbsp;&nbsp; [SecureSource Flex Rider Fee](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_15) | 34 |
| &nbsp;&nbsp;&nbsp; [Accumulation Benefit Rider Fee](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_16) | 35 |
| &nbsp;&nbsp;&nbsp; [GWB for Life Rider Fee](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_17) | 36 |
| &nbsp;&nbsp;&nbsp; [SecureSource Rider Fee](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_19) | 38 |
| &nbsp;&nbsp;&nbsp; [Optional Death Benefit Charges](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_21) | 40 |
| &nbsp;&nbsp;&nbsp; [ROPP Rider Fee](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_21) | 40 |
| &nbsp;&nbsp;&nbsp; [MAV Rider Fee](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_21) | 40 |
| &nbsp;&nbsp;&nbsp; [5-Year MAV Rider Fee](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_22) | 41 |
| &nbsp;&nbsp;&nbsp; [EEB Rider Fee](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_22) | 41 |
| &nbsp;&nbsp;&nbsp; [EEP Rider Fee](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_22) | 41 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; [Rider Combination Discount](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_22) | 41 |
| [Fund Fees and Expenses](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_22) | 41 |
| &nbsp;&nbsp;&nbsp; [Premium Taxes](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_23) | 42 |
| [Valuing Your Investment](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_23) | 42 |
| &nbsp;&nbsp;&nbsp; [GPA](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_23) | 42 |
| &nbsp;&nbsp;&nbsp; [The Regular Fixed Account](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_23) | 42 |
| &nbsp;&nbsp;&nbsp; [The Special DCA Fixed Account](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_23) | 42 |
| &nbsp;&nbsp;&nbsp; [Subaccounts](#xx_b7d94b1c-ae39-4de7-bec9-330cf085c294_23) | 42 |
| [Making the Most of Your Contract](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_1) | 44 |
| &nbsp;&nbsp;&nbsp; [Automated Dollar-Cost Averaging](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_1) | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Special Dollar-Cost Averaging (Special DCA)](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_1)<br> [Program](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_1)<br>| 44 |
| &nbsp;&nbsp;&nbsp; [Asset Rebalancing](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_2) | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Portfolio Navigator Program (PN Program) and](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_3)<br> [Portfolio Stabilizer Funds](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_3)<br>| 46 |
| &nbsp;&nbsp;&nbsp; [Transferring Among Accounts](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_5) | 48 |
| &nbsp;&nbsp;&nbsp; [How to Request a Transfer or Surrender](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_9) | 52 |
| [Surrenders](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_10) | 53 |
| &nbsp;&nbsp;&nbsp; [Surrender Policies](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_11) | 54 |
| &nbsp;&nbsp;&nbsp; [Receiving Payment](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_11) | 54 |
| [TSA – Special Provisions](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_11) | 54 |
| &nbsp;&nbsp;&nbsp; [Participants in Tax-Sheltered Annuities](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_11) | 54 |
| [Changing Ownership](#xx_01849051-b04d-4ac2-be56-2584618cc6b3_12) | 55 |
| [Benefits Available Under the](#xx_37181ff4-c454-463d-8a78-ade6159918f6_1)[Contract](#xx_37181ff4-c454-463d-8a78-ade6159918f6_1) | 57 |
| &nbsp;&nbsp;&nbsp; [Benefits in Case of Death — Standard Death](#xx_37181ff4-c454-463d-8a78-ade6159918f6_7)<br> [Benefit](#xx_37181ff4-c454-463d-8a78-ade6159918f6_7)<br>| 63 |
| &nbsp;&nbsp;&nbsp; [If You Die Before Your Settlement Date](#xx_37181ff4-c454-463d-8a78-ade6159918f6_7) | 63 |
| [Optional Benefits](#xx_37181ff4-c454-463d-8a78-ade6159918f6_9) | 65 |
| &nbsp;&nbsp;&nbsp; [Optional Death Benefits](#xx_37181ff4-c454-463d-8a78-ade6159918f6_9) | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Return of Purchase Payments Death Benefit](#xx_37181ff4-c454-463d-8a78-ade6159918f6_9)<br> [(ROPP)](#xx_37181ff4-c454-463d-8a78-ade6159918f6_9)<br>| 65 |
| &nbsp;&nbsp;&nbsp; [Maximum Anniversary Value Death Benefit (MAV)](#xx_37181ff4-c454-463d-8a78-ade6159918f6_10) | 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Maximum Five Year Anniversary Value Death](#xx_37181ff4-c454-463d-8a78-ade6159918f6_11)<br> [Benefit (5-Year MAV)](#xx_37181ff4-c454-463d-8a78-ade6159918f6_11)<br>| 67 |
| &nbsp;&nbsp;&nbsp; [Enhanced Earnings Death Benefit (EEB)](#xx_37181ff4-c454-463d-8a78-ade6159918f6_12) | 68 |
| &nbsp;&nbsp;&nbsp; [Enhanced Earnings Plus Death Benefit (EEP)](#xx_37181ff4-c454-463d-8a78-ade6159918f6_13) | 69 |
| &nbsp;&nbsp;&nbsp; [Optional Living Benefits](#xx_37181ff4-c454-463d-8a78-ade6159918f6_15) | 71 |
| &nbsp;&nbsp;&nbsp; [SecureSource Flex Rider](#xx_37181ff4-c454-463d-8a78-ade6159918f6_15) | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Accumulation Benefit](#xx_37181ff4-c454-463d-8a78-ade6159918f6_27)<br> [(Accumulation Benefit) Rider](#xx_37181ff4-c454-463d-8a78-ade6159918f6_27)<br>| 83 |
| &nbsp;&nbsp;&nbsp; [Optional Living Benefits — Previously Offered](#xx_37181ff4-c454-463d-8a78-ade6159918f6_29) | 85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Guarantor Withdrawal Benefit for Life (GWB for](#xx_37181ff4-c454-463d-8a78-ade6159918f6_29)<br> [Life) Rider](#xx_37181ff4-c454-463d-8a78-ade6159918f6_29)<br>| 85 |
| &nbsp;&nbsp;&nbsp; [SecureSource Riders](#xx_37181ff4-c454-463d-8a78-ade6159918f6_29) | 85 |
| [The Annuity Payout Period](#xx_37181ff4-c454-463d-8a78-ade6159918f6_29) | 85 |
| &nbsp;&nbsp;&nbsp; [Annuity Tables](#xx_37181ff4-c454-463d-8a78-ade6159918f6_30) | 86 |

---

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 3

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**Table of Contents**

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; [Annuity Payout Plans](#xx_37181ff4-c454-463d-8a78-ade6159918f6_30) | 86 |
| [Taxes](#xx_37181ff4-c454-463d-8a78-ade6159918f6_31) | 87 |
| &nbsp;&nbsp;&nbsp; [Nonqualified Annuities](#xx_37181ff4-c454-463d-8a78-ade6159918f6_31) | 87 |
| &nbsp;&nbsp;&nbsp; [Qualified Annuities](#xx_37181ff4-c454-463d-8a78-ade6159918f6_33) | 89 |
| &nbsp;&nbsp;&nbsp; [Other](#xx_37181ff4-c454-463d-8a78-ade6159918f6_35) | 91 |
| [Voting Rights](#xx_37181ff4-c454-463d-8a78-ade6159918f6_35) | 91 |
| [Substitution of Investments](#xx_37181ff4-c454-463d-8a78-ade6159918f6_36) | 92 |
| [About the Service Providers](#xx_37181ff4-c454-463d-8a78-ade6159918f6_36) | 92 |
| &nbsp;&nbsp;&nbsp; [Principal Underwriter](#xx_37181ff4-c454-463d-8a78-ade6159918f6_36) | 92 |
| &nbsp;&nbsp;&nbsp; [Issuer](#xx_37181ff4-c454-463d-8a78-ade6159918f6_37) | 93 |
| &nbsp;&nbsp;&nbsp; [Legal Proceedings](#xx_37181ff4-c454-463d-8a78-ade6159918f6_38) | 94 |
| [Financial Statements](#xx_37181ff4-c454-463d-8a78-ade6159918f6_38) | 94 |
| &nbsp;&nbsp;&nbsp; [Appendix](#xx_5cbc7670-b3fc-4c3c-8044-c81276148c00_1)[A](#xx_5cbc7670-b3fc-4c3c-8044-c81276148c00_1)[: Investment Options Available Under the](#xx_5cbc7670-b3fc-4c3c-8044-c81276148c00_1)<br> [Contract](#xx_5cbc7670-b3fc-4c3c-8044-c81276148c00_1)<br>| 95 |
| [Appendix](#xx_82597a58-c352-43f3-933e-b2d3e02ae3cf_1)[B](#xx_82597a58-c352-43f3-933e-b2d3e02ae3cf_1)[: Example – Surrender Charges](#xx_82597a58-c352-43f3-933e-b2d3e02ae3cf_1) | 108 |
| [Appendix](#xx_b3da185e-0e52-4c08-b3ec-7dfc22a05e20_1)[C](#xx_b3da185e-0e52-4c08-b3ec-7dfc22a05e20_1)[: Example – Optional Death Benefits](#xx_b3da185e-0e52-4c08-b3ec-7dfc22a05e20_1) | 113 |
| [Appendix](#xx_78108ff6-674b-41b3-a5f6-7f8aed3c9bcf_1)[D](#xx_78108ff6-674b-41b3-a5f6-7f8aed3c9bcf_1)[: Example – Optional Living Benefits](#xx_78108ff6-674b-41b3-a5f6-7f8aed3c9bcf_1) | 117 |
| &nbsp;&nbsp;&nbsp; [Appendix](#xx_6cd001bf-8875-4cc8-9b15-8086fe06b86c_1)[E](#xx_6cd001bf-8875-4cc8-9b15-8086fe06b86c_1)[: Additional Required Minimum](#xx_6cd001bf-8875-4cc8-9b15-8086fe06b86c_1)<br> [Distribution (RMD) Disclosure](#xx_6cd001bf-8875-4cc8-9b15-8086fe06b86c_1)<br>| 122 |
| &nbsp;&nbsp;&nbsp; [Appendix](#xx_d743aefb-93da-4090-b82d-0e72ae70362a_1)[F](#xx_d743aefb-93da-4090-b82d-0e72ae70362a_1)[: Guarantor Withdrawal Benefit for Life](#xx_d743aefb-93da-4090-b82d-0e72ae70362a_1)<br> [Rider Disclosure](#xx_d743aefb-93da-4090-b82d-0e72ae70362a_1)<br>| 124 |
| [Appendix](#xx_768a6e46-f35d-4f48-a4ce-043da85abf58_1)[G](#xx_768a6e46-f35d-4f48-a4ce-043da85abf58_1)[: SecureSource Rider Disclosure](#xx_768a6e46-f35d-4f48-a4ce-043da85abf58_1) | 136 |
| &nbsp;&nbsp;&nbsp; [Appendix](#xx_c18fdd99-f1f7-4b48-9f6e-cff1a2904641_1)[H](#xx_c18fdd99-f1f7-4b48-9f6e-cff1a2904641_1)[: Example – Withdrawal Benefit Riders:](#xx_c18fdd99-f1f7-4b48-9f6e-cff1a2904641_1)<br> [Electing Step-Up or Spousal Continuation Step-up](#xx_c18fdd99-f1f7-4b48-9f6e-cff1a2904641_1)<br>| 149 |

---

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4 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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Key Terms

*These terms can help you understand details about your Contract.*

**Accumulation unit:** A measure of the value of each subaccount before annuity payouts begin.

**Annuitant:** The person or persons on whose life or life expectancy the annuity payouts are based.

**Annuity payouts:** An amount paid at regular intervals under one of several plans.

**Assumed investment rate:** The rate of return we assume your investments will earn when we calculate your initial annuity payout amount using the annuity table in your Contract. The standard assumed investment rate we use is 5% but you may request we substitute an assumed investment rate of 3.5%.

**Band 3 annuities:** RAVA 4 Advantage and RAVA 4 Select contracts that are available for:

• current or retired employees of Ameriprise Financial, Inc. or its subsidiaries and their spouses or domestic partners (employees),

• current or retired Ameriprise financial advisors and their spouses or domestic partners (advisors), or

• individuals investing an initial purchase payment of $1 million or more, with our approval (other individuals).

**Beneficiary:** The person you designate to receive benefits in case of your death while the Contract is in force.

**Close of business:** The time the New York Stock Exchange (NYSE) closes (4 p.m. Eastern time unless the NYSE closes earlier).

**Code:** The Internal Revenue Code of 1986, as amended.

**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.

**Good order:** We cannot process your transaction request relating to the Contract until we have received the request in good order at our Service Center. "Good order" means the actual receipt of the requested transaction in writing, along with all information, forms and supporting legal documentation necessary to effect the transaction. To be in "good order", your instructions must be sufficiently clear so that we do not need to

exercise any discretion to follow such instructions. This information and documentation generally includes your completed request; the Contract number; the transaction amount (in dollars); the names of and allocations to and/or from the subaccounts and the fixed account affected by the requested transaction; Social Security Number or Taxpayer Identification Number; and any other information, forms or supporting documentation that we may require. For certain transactions, at our option, we may require the signature of all Contract owners for the request to be in good order. With respect to purchase requests, "good order" also generally includes receipt of sufficient payment by us to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in good order, and we reserve the right to change or waive any good order requirements at any time.

**Guarantee Period:** The number of successive 12-month periods that a guaranteed interest rate is credited.

**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.

**Owner (you, your):** A person or persons identified in the contract as owner(s) of the contract, who has or have the right to control the contract (to decide on investment allocations, transfers, payout options, etc.). Usually, but not always, the owner is also the annuitant. During the owner's life, the owner is responsible for taxes, regardless of whether he or she receives the contract's benefits. If the contract has a nonnatural person as the owner or joint owner, "you, your, and owner" means the annuitant where contract provisions are based on the age or life of the owner. The owner or any joint owner may be a nonnatural person (e.g. irrevocable trust or corporation) or a revocable trust. If any owner is a nonnatural person or a revocable trust, the annuitant will be deemed to be the owner for contract provisions that are based on the age or life of the owner. When the contract is owned by a revocable trust, the annuitant selected should be the grantor of the trust to assure compliance with Section 72(s) of the Code.

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4 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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**Purchase payment credits:** An addition we make to your contract value. We base the amount of the credit on the surrender charge schedule you elect and/or total purchase payments. Purchase payment credits are not available under RAVA 4 Access contracts.

**Qualified annuity:** A contract that you purchase to fund one of the following tax-deferred retirement plans that is subject to applicable federal law and any rules of the plan itself:

• Individual Retirement Annuities (IRAs) including inherited IRAs under Section 408(b) of the Code

• Roth IRAs including inherited Roth IRAs under Section 408A of the Code

• SIMPLE IRAs under Section 408(p) of the Code

• Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code

• Custodial and investment only accounts maintained for qualified retirement plans under Section 401(a) of the Code

• Tax-Sheltered Annuities (TSAs) under Section 403(b) of the Code

A qualified annuity will not provide any necessary or additional tax deferral if it is used to fund a retirement plan that is already tax-deferred.

All other contracts are considered nonqualified annuities.

**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.

**Rider effective date:** The date a rider becomes effective as stated in the rider.

**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.

**Special Dollar-Cost Averaging (Special DCA) Fixed Account**: An account to which you may allocate new purchase payments of at least $10,000. Amounts you allocate to this account earn interest at rates that we declare periodically and will transfer into your specified subaccount allocations in six monthly transfers.

**Subaccount:** A division of the Variable Account, each of which invests in one Fund.

**Surrender value:** The amount you are entitled to receive if you make a full surrender from your Contract. It is the Contract value minus any applicable charges.

**Valuation date:** Any normal business day, Monday through Friday, on which the NYSE is open, up to the time it closes. At the NYSE close, the next valuation date begins. We calculate the accumulation unit value of each subaccount on each valuation date. If we receive your purchase payment or any transaction request (such as a transfer or surrender request) in good order at our Service Center before the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the valuation date we received your payment or transaction request. On the other hand, if we receive your purchase payment or transaction request in good order at our Service Center at or after the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the next valuation date. If you make a transaction request by telephone (including by fax), you must have completed your transaction by the close of business in order for us to process it using the accumulation unit value we calculate on that valuation date. If you were not able to complete your transaction before the close of business for any reason, including telephone service interruptions or delays due to high call volume, we will process your transaction using the accumulation unit value we calculate on the next valuation date.

**Variable Account:** 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.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 5

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Overview of the Contract

**Purpose:** The purpose of the contracts is to allow you to accumulate money for retirement or a similar long-term goal. You do this by making one or more purchase payments.

We no longer offer new contracts. However, you may have the option of making additional purchase payments in the future, subject to certain limitations. <br>The contracts offer various optional features and benefits that may help you achieve financial goals.

It may be appropriate for you if you have a long-term investment horizon and your financial goals are consistent with the terms and conditions of the contract.

It is not intended for investors whose liquidity needs require frequent withdrawals in excess of free amount. If you plan to manage your investment in the contract by frequent or short-term trading, the contract is not suitable for you.

**Phases of the Contract:** 

The contracts have two phases: the Accumulation Phase and the Income Phase.

**Accumulation Phase.** During the Accumulation Phase, you make purchase payments by investing in: available subaccounts, each of which has a particular investment objective, investment strategies, fees and expenses; the regular Fixed Account(subject to special restrictions and not available for RAVA 4 Access contracts), the Special DCA Fixed Account and GPAs which earn interest at rates that we adjust periodically and declare when you make an allocation to that account. These accounts, in turn, may earn returns that increase the value of the contract. If the contract value goes to zero due to underlying fund's performance or deduction of fees, the contract will no longer be in force and the contract (including any death benefit riders) will terminate. You may be able to purchase an optional benefit to reduce the investment risk you assume under your contract.

**A list of investment options and additional information regarding each investment option available under the contract is provided in Appendix A – Investment Options Available Under the Contract.** 

If you have a Guaranteed Withdrawal Benefit rider, you can withdraw a guaranteed amount from the contract during the Accumulation Phase. The amount of money you accumulate under your contract depends (in part) on the performance of the Subaccounts you choose or the rates you earn on allocations to the regular Fixed Account, Special DCA Fixed Account and GPAs. The GPAs have guaranteed interest rates for guarantee periods we declare when you allocate purchase payments or transfer contract value to them. A positive or negative MVA is assessed if any portion of a Guarantee Period Account 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. 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. You may transfer money between investment options during the Accumulation Phase, subject to certain restrictions. Your contract value impacts the value of your contract's benefits during the Accumulation Phase, including any optional benefits, as well as the amount available for withdrawal, annuitization and death benefits.

**Income Phase.** The Income Phase begins when you (or your beneficiary) choose to annuitize the contract. You can apply your contract value(less any applicable premium tax and/or other charges) to an annuity payout plan that begins on the settlement date or any other date you elect. You may choose from a variety of plans that can help meet your retirement or other income needs. We can make payouts on a fixed or variable basis, or both. You cannot take withdrawals of contract value or surrender the contract during the Income Phase.

All optional death and living benefits terminate after the settlement date unless you chose the RBA payout option under the Guaranteed Withdrawal Benefit rider, *SecureSource* rider or *SecureSource Flex* rider on the scheduled settlement date.

**Contract features:** 

• **Contract Classes.** This prospectus describes three contracts. Each contract has different expenses. RAVA 4 Access does not have surrender charges, but it has the highest mortality and expense risk fees of the three contracts. RAVA 4 Select has a three-year surrender charge schedule and has lower mortality and expense risk fees than RAVA 4 Access. RAVA 4 Advantage offers a choice of a seven-year or a ten-year surrender charge schedule and has the lowest mortality and expense risk fees of the three contracts.

• **Purchase Payment Credits.** RAVA 4 Advantage and RAVA 4 Select provide for purchase payment credits which we may reverse upon payment of a lump sum death benefit when the date of death is within 12 months of when the purchase payment credit was applied, upon a surrender payment subject to a surrender charge waiver due to Hospital or Nursing Home Confinement or Terminal Illness Disability Diagnosis within 12 months of when the purchase payment credit was applied. or upon settlement of the contract under an annuity payout plan within 12

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6 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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months of when the purchase payment credit was applied. Expenses may be higher and surrender charges may be higher and longer for contracts with purchase payment credits than for contracts without such credits. The amount of the credit may be more than offset by additional charges associated with the credit. (See "Buying Your Contract — Purchase Payment Credits").

• **Death Benefits.** If you die during the Accumulation Phase, we will pay to your beneficiary or beneficiaries an amount at least equal to the contract value, except in the case of purchase payment credit reversal. The contract includes a standard death benefit at no additional charge. You may have elected one of the optional death benefits under the contract for an additional fee. Death benefits must be elected at the time that the contract is purchased. Each optional death benefit is designed to provide a greater amount payable upon death. After the death benefit is paid, the contract will terminate.

• **Optional Living Benefits.** You may have elected one of the optional living benefits under the contract for an additional fee. Guaranteed withdrawal benefit riders are designed to provide a guaranteed income stream that may last as long as you live, subject to you following the rules of the rider. Guaranteed Minimum Accumulation benefit is designed to provide a guaranteed contract value at the end of a specified Waiting Period. Optional living benefits are not available for RAVA 4 Access.

• **Surrenders.** You may surrender all or part of your contract value at any time during the Accumulation Phase. If you request a full surrender, the contract will terminate. You also may establish automated partial surrenders. Surrenders may be subject to charges and income taxes (including an IRS penalty that may apply if you surrender prior to reaching age 59½) and may have other tax consequences. Early surrenders of contract value invested in a GPA are subject to an MVA and could result in a significant negative contract adjustment. Throughout this prospectus when we use the term "Surrender" it includes the term "Withdrawal".

• **Tax Treatment.** You can transfer money between subaccounts, the regular Fixed Account and GPAs without tax implications, and earnings (if any) on your investments are generally tax-deferred. Generally, earnings are not taxed until they are distributed, which may occur when making a withdrawal, upon receiving an annuity payment, or upon payment of the death benefit.

**Additional Services:** 

• **Dollar Cost Averaging Programs.** Automated Dollar Cost Averaging allows you, at no additional cost, to transfer a set amount monthly between subaccounts or from the regular fixed account to one or more eligible subaccounts. Special Dollar Cost Averaging (SDCA), only available for new purchase payments of at least $10,000, allows the systematic transfer from the Special DCA fixed account to one or more eligible subaccounts over a 6 month period.

• **Asset Rebalancing.** Allows you, at no additional cost, to automatically rebalance the subaccount portion of your contract value on a periodic basis.

• **Automated Partial Surrenders.** An optional service allowing you to set up automated partial surrenders from the GPAs, regular fixed account, Special DCA fixed account or the subaccounts.

• **Electronic Delivery.** You may register for the electronic delivery of your current prospectus and other documents related to your contract.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 7

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Important Information You Should Consider About the Contract

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| | | |
|:---|:---|:---|
|  | **FEES, EXPENSES, AND ADJUSTMENTS** | &nbsp;&nbsp; **Location in** <br> **Statutory** <br> **Prospectus**<br>|
| **Are There Charges** <br> **or Adjustments for** <br> **Early** <br> **Withdrawals?**<br>| &nbsp;&nbsp; **Yes.** Each Contract provides for different surrender charge periods and <br> percentages. In addition to the surrender charge, we may reverse a <br> purchase payment credit upon certain withdrawals within 12 months of <br> when the purchase payment credit was applied.<br> **RAVA 4 Advantage.** You may select either a seven-year or ten-year <br> surrender charge schedule at the time of application. If you select a <br> seven-year surrender charge schedule and you withdraw money during the <br> first 7 years from date of each purchase payment, you may be assessed a <br> surrender charge of up to 7% of the purchase payment withdrawn. If you <br> elect a ten-year surrender charge schedule and you withdraw money during <br> the first 10 years from date of each purchase payment, you may be <br> assessed a surrender charge of up to 8% of the purchase payment <br> withdrawn. For example, if you select a seven-year surrender charge <br> schedule and make an early withdrawal, you could pay a surrender charge <br> of up to $7,000 on a $100,000 investment. If you select a ten-year <br> surrender charge schedule and make an early withdrawal, you could pay a <br> surrender charge of up to $8,000 on a $100,000 investment. This loss will <br> be greater if there is a negative MVA, taxes, or tax penalties.<br> **RAVA 4 Select.** If you withdraw money during the first 3 years from the <br> contract date, you may be assessed a surrender charge of up to 7% of the <br> purchase payment withdrawn. For RAVA 4 Select contracts in Texas, if you <br> withdraw money during the first 3 years from the contract date, you may be <br> assessed a surrender charge of up to 8% of the purchase payment <br> withdrawn. For example, if you make a withdrawal in the first year, you <br> could pay a withdrawal charge of up to $7,000 on a $100,000 investment <br> ($8,000 on a $100,000 investment for RAVA 4 Select contracts in Texas). <br> This loss will be greater if there is a negative MVA, taxes, or tax penalties.<br> **RAVA 4 Access.** No surrender charge is assessed.<br> **For each of the contracts above:** A positive or negative MVA is assessed if <br> any portion of a GPA is surrendered or transferred more than thirty days <br> before the end of its guarantee period. You could lose up to 100% of the <br> amount withdrawn from a GPA as a result of a negative MVA.<br> For example, if you allocate $100,000 to a GPA with a 3-year guarantee <br> period and later withdraw the entire amount before the 3 years have <br> ended, you could lose up to $100,000 of your investment. This loss will be <br> greater if you also have to pay a surrender charge, taxes, and tax <br> penalties.<br> The following transactions when applied to a GPA, which we refer to as <br> "early surrenders," are subject to an MVA when they occur more than <br> 30 days prior to the end of the guarantee period, unless an exception <br> applies: (i) surrenders (including full and partial surrenders, systematic <br> withdrawals, and required minimum distributions), (ii) transfers, and <br> (iii) annuitization. We will not apply a negative MVA to the payment of the <br> death benefit. An MVA may increase the death benefit but will not decrease <br> it.  | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Transaction** <br> **Expenses –** <br> **Surrender Charge**<br> **Charges and** <br> **Adjustments –** <br> **Adjustments –**<br> **Market Value** <br> **Adjustments**<br>|
| **Are There** <br> **Transaction** <br> **Charges?**<br>| &nbsp;&nbsp; **No.** Other than surrender charges and negative MVAs, we do not assess <br> any transaction charges. |  |

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8 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **FEES, EXPENSES, AND ADJUSTMENTS** | **FEES, EXPENSES, AND ADJUSTMENTS** | **FEES, EXPENSES, AND ADJUSTMENTS** | &nbsp;&nbsp; **Location in** <br> **Statutory** <br> **Prospectus**<br>|
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; **Yes.** The table below describes the current fees and expenses that you <br> may pay *each year*, depending on the investment options and optional <br> benefits you choose. Please refer to your Contract specifications page for <br> information about the specific fees you will pay each year based on the <br> options you have elected. | &nbsp;&nbsp; **Yes.** The table below describes the current fees and expenses that you <br> may pay *each year*, depending on the investment options and optional <br> benefits you choose. Please refer to your Contract specifications page for <br> information about the specific fees you will pay each year based on the <br> options you have elected. | &nbsp;&nbsp; **Yes.** The table below describes the current fees and expenses that you <br> may pay *each year*, depending on the investment options and optional <br> benefits you choose. Please refer to your Contract specifications page for <br> information about the specific fees you will pay each year based on the <br> options you have elected. | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | **Annual Fee** | **Minimum** | **Maximum** | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; Base Contract<sup>(1)</sup> <br>(varies by Contract and tax <br> qualification)<br>| 0.87% | 1.47% | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; Fund options<br> (Funds fees and expenses)<sup>(2)</sup><br>| 0.38% | 2.44% | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; Optional benefits available for an <br> additional charge<br> (for a single optional benefit, if <br> elected)<sup>(3)</sup><br>| 0.10% | 2.50% | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; (1) As a percentage of average daily contract value in the variable account. Includes the <br> Mortality and Expense Fee and contract administrative charge.<br> (2) As a percentage of Fund net assets.<br> (3) As a percentage of Contract Value or the greater of Contract Value or applicable <br> guaranteed benefit amount (varies by optional benefit).<br> Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not <br> take withdrawals from the Contract, **which could add surrender charges** <br> **and negative MVAs that substantially increase costs**. | &nbsp;&nbsp; (1) As a percentage of average daily contract value in the variable account. Includes the <br> Mortality and Expense Fee and contract administrative charge.<br> (2) As a percentage of Fund net assets.<br> (3) As a percentage of Contract Value or the greater of Contract Value or applicable <br> guaranteed benefit amount (varies by optional benefit).<br> Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not <br> take withdrawals from the Contract, **which could add surrender charges** <br> **and negative MVAs that substantially increase costs**. | &nbsp;&nbsp; (1) As a percentage of average daily contract value in the variable account. Includes the <br> Mortality and Expense Fee and contract administrative charge.<br> (2) As a percentage of Fund net assets.<br> (3) As a percentage of Contract Value or the greater of Contract Value or applicable <br> guaranteed benefit amount (varies by optional benefit).<br> Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not <br> take withdrawals from the Contract, **which could add surrender charges** <br> **and negative MVAs that substantially increase costs**. | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; **Lowest Annual Cost:**<br> **$**1,649 <br>| &nbsp;&nbsp; **Highest Annual Cost:**<br> **$**4,382  | &nbsp;&nbsp; **Highest Annual Cost:**<br> **$**4,382  | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Least expensive combination of <br> Contract features and Fund fees <br> and expenses<br> •No optional benefits<br> •No sales charge<br> •No additional purchase payments, <br> transfers or withdrawals<br> •No purchase payment credits<br>| &nbsp;&nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Most expensive combination of <br> Contract features, optional <br> benefits and Fund fees and <br> expenses<br> •No sales charge<br> •No additional purchase payments, <br> transfers or withdrawals<br> •No purchase payment credits | &nbsp;&nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Most expensive combination of <br> Contract features, optional <br> benefits and Fund fees and <br> expenses<br> •No sales charge<br> •No additional purchase payments, <br> transfers or withdrawals<br> •No purchase payment credits | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
|  | **RISKS** | **RISKS** | **RISKS** |  |
| **Is There a Risk of** <br> **Loss from Poor** <br> **Performance?**<br>| &nbsp;&nbsp; **Yes.** You can lose money by investing in this Contract including loss of <br> principal. | &nbsp;&nbsp; **Yes.** You can lose money by investing in this Contract including loss of <br> principal. | &nbsp;&nbsp; **Yes.** You can lose money by investing in this Contract including loss of <br> principal. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract**<br>|

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 9

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| | | |
|:---|:---|:---|
|  | **RISKS** | &nbsp;&nbsp; **Location in** <br> **Statutory** <br> **Prospectus**<br>|
| **Is this a** <br> **Short-Term** <br> **Investment?**<br>| &nbsp;&nbsp;&nbsp; **No.**<br> •The Contract is not a short-term investment and is not appropriate for an <br> investor who needs ready access to cash.<br> •The RAVA 4 Advantage and RAVA 4 Select contracts have surrender <br> charges, which may reduce the value of your Contract if you withdraw <br> money during the surrender charge period. Surrenders may also reduce <br> or terminate contract guarantees.<br> •Surrenders may also be subject to taxes and tax penalties.<br> •Surrenders from a GPA prior to 30 days before the end of the guarantee <br> period may also result in a negative MVA. During the 30-day period <br> ending on the last day of the guarantee period, you may choose to start <br> a new guarantee period of the same length, transfer the contract value <br> from the current GPA to any of the investment options available under <br> the Contract, apply the contract value to an annuity payout plan, or <br> surrender the value from the current GPA(all subject to applicable <br> surrender, transfer, and annuitization provisions). If we do not receive <br> any instructions by the end of the guarantee period, we will automatically <br> transfer the contract value from the current GPA into the shortest GPA <br> term available.<br> •The benefits of tax deferral, long-term income, and optional living benefit <br> guarantees mean the contract is generally more beneficial to investors <br> with a long term investment horizon. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract**<br> **Charges and** <br> **Adjustments –** <br> **Transaction** <br> **Expenses –** <br> **Surrender Charge**<br> **Charges and** <br> **Adjustments –** <br> **Adjustments –**<br> **Market Value** <br> **Adjustments**<br>|
| **What Are the** <br> **Risks Associated** <br> **with the** <br> **Investment** <br> **Options?**<br>| &nbsp;&nbsp;&nbsp; •An investment in the Contract is subject to the risk of poor investment <br> performance and can vary depending on the performance of the <br> investment options available under the Contract.<br> •Each investment option (including under the GPAs and any Fixed Account <br> investment options) has its own unique risks.<br> •You should review the investment options before making any investment <br> decisions. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract**<br> **The**<br> **Variable Account** <br> **and the Funds**<br> **The "Nonunitized"** <br> **Separate Account** <br> **and the Guarantee** <br> **Period Accounts** <br> **(GPAs)**<br> **The Fixed Account**<br>|
| **What Are the** <br> **Risks Related to** <br> **the Insurance** <br> **Company?**<br>| &nbsp;&nbsp; An investment in the Contract is subject to the risks related to us. Any <br> obligations (including under the Fixed Account) or guarantees and benefits <br> of the Contract that exceed the assets of the Separate Account are subject <br> to our claims-paying ability. If we experience financial distress, we may not <br> be able to meet our obligations to you. More information about RiverSource <br> Life, including our financial strength ratings, is available by contacting us at <br> 1-800-862-7919. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract**<br> **The General** <br> **Account**<br>|

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10 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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| | | |
|:---|:---|:---|
|  | **RESTRICTIONS** | &nbsp;&nbsp; **Location in** <br> **Statutory** <br> **Prospectus**<br>|
| **Are There** <br> **Restrictions on** <br> **the Investment** <br> **Options?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> •Subject to certain restrictions, you may transfer your Contract value <br> among the subaccounts without charge at any time before the settlement <br> date, and once per contract year after the settlement date.<br> •Certain transfers out of the GPAs will be subject to an MVA.<br> •GPAs and the regular Fixed Account are subject to certain restrictions.<br> •We reserve the right to modify, restrict or suspend your transfer <br> privileges if we determine that your transfer activity constitutes market <br> timing.<br> •We reserve the right to add, remove or substitute Funds as investment <br> options. We also reserve the right, upon notification to you, to close or <br> restrict any Funds. | &nbsp;&nbsp; **Making the Most** <br> **of Your Contract–** <br> **Transferring** <br> **Among Accounts**<br> **Substitution of** <br> **Investments**<br>|
| **Are There any** <br> **Restrictions on** <br> **Contract** <br> **Benefits?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> •Certain optional benefits limit or restrict the investment options you may <br> select under the Contract. If you later decide you do not want to invest in <br> those approved investment options, you must request a full surrender.<br> •Certain optional benefits may limit subsequent purchase payments.<br> •Withdrawals in excess of the amount allowed under certain optional <br> benefits may substantially reduce the benefit or even terminate the <br> benefit. | &nbsp;&nbsp; **Buying Your** <br> **Contract–** <br> **Purchase** <br> **Payments**<br> **Optional** <br> **Benefits –** <br> **SecureSource** <br> **Flex Rider-** <br> **Important** <br> **SecureSource** <br> **Flex Rider** <br> **Considerations**<br> **Appendix A:Funds** <br> **Available Under** <br> **the Optional** <br> **Benefits Offered** <br> **Under the** <br> **Contract**<br> **Appendix F: GWB** <br> **for Life Rider** – <br> **Investment** <br> **Allocation** <br> **Restrictions**<br> **Appendix G:** <br> **SecureSource** <br> **Rider** – <br> **Investment** <br> **Allocation** <br> **Restrictions**<br>|
|  | **TAXES** |  |
| **What Are the** <br> **Contract's Tax** <br> **Implications?**<br>| &nbsp;&nbsp;&nbsp; •Consult with a tax advisor to determine the tax implications of an <br> investment in and payments and withdrawals received under this <br> Contract.<br> •If you purchase the Contract through a tax-qualified plan or individual <br> retirement account, you do not get any additional tax benefit.<br> •Earnings under your contract are taxed at ordinary income tax rates <br> generally when withdrawn. You may have to pay a tax penalty if you take <br> a withdrawal before age 59½. | **Taxes** |

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 11

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| | | |
|:---|:---|:---|
|  | **CONFLICTS OF INTEREST** | &nbsp;&nbsp; **Location in** <br> **Statutory** <br> **Prospectus**<br>|
| **How Are** <br> **Investment** <br> **Professionals** <br> **Compensated?**<br>| &nbsp;&nbsp; Your investment professional may receive compensation for selling this <br> Contract to you, in the form of commissions, additional cash benefits (e.g., <br> bonuses), and non-cash compensation. This financial incentive may <br> influence your investment professional to recommend this Contract over <br> another investment for which the investment professional is not <br> compensated or compensated less. | &nbsp;&nbsp; **About the Service** <br> **Providers**<br>|
| **Should I Exchange** <br> **My Contract?**<br>| &nbsp;&nbsp; If you already own an annuity or insurance Contract, some investment <br> professionals may have a financial incentive to offer you a new Contract in <br> place of the one you own. You should only exchange a Contract you already <br> own if you determine, after comparing the features, fees, and risks of both <br> Contract, that it is better for you to purchase the new Contract rather than <br> continue to own your existing Contract. | &nbsp;&nbsp; **Buying Your** <br> **Contract–Contract** <br> **Exchanges**<br>|

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12 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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Fee Table and Examples

**The following tables describe the fees, expenses and adjustments that you will pay when buying, owning, surrendering, or making withdrawals from an investment option or from the Contract. 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.** 

**The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender or make withdrawals from the Contract. State premium taxes also may be deducted.**

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**Transaction Expenses**

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**<u>Surrender Charges</u>** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Surrender charges** (as a percentage of <br> purchase payments surrendered)<sup>(1)</sup> <br>| **RAVA 4 Advantage**<br> **ten-year schedule**<br>| **RAVA 4 Advantage**<br> **seven-year schedule**<br>| **RAVA 4 Select** | **RAVA 4 Select Texas** | **RAVA 4 Access** |
| Maximum | &nbsp;&nbsp;&nbsp; 8<br> %<br>| &nbsp;&nbsp;&nbsp; 7<br> %<br>| &nbsp;&nbsp;&nbsp; 7<br> %<br>| &nbsp;&nbsp;&nbsp; 8<br> %<br>|  |

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<sup>(1)</sup>

For RAVA 4 Advantage and RAVA 4 Select in Texas, the charge percentage is determined by the number of years from date of each purchase payment. For RAVA 4 Advantage you select either a seven-year or ten-year surrender charge schedule at the time of application. For the purpose of surrender charge calculation, we consider that the year is completed fourteen days prior to the anniversary of the day each purchase payment was received. <br> For RAVA 4 Select (except Texas), the charge percentage is determined by number of years from contract date. For the purpose of surrender charge calculation, we consider that the year is completed one day prior to the anniversary.

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of completed years from**<br> **date of each purchase payment**<br>| **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7** | **8** | **9** | **10** |
| RAVA 4 Advantage<sup>(2)</sup> <br>ten-year schedule<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; 4% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; 2% | &nbsp;&nbsp;&nbsp;&nbsp; 0% |
| RAVA 4 Advantage<br> seven-year schedule<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; 4% | &nbsp;&nbsp;&nbsp;&nbsp; 2% | &nbsp;&nbsp;&nbsp;&nbsp; 0% |  |  |  |
| RAVA 4 Select in Texas<sup>(3)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; 0% |  |  |  |  |  |  |  |
| **Number of years from contract date** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **1** | &nbsp;&nbsp;&nbsp;&nbsp; **2** | &nbsp;&nbsp;&nbsp;&nbsp; **3** | **Thereafter** | **Thereafter** | **Thereafter** | **Thereafter** | **Thereafter** | **Thereafter** | **Thereafter** | **Thereafter** |
| RAVA 4 Select (except Texas) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 0% |  |  |  |  |  |  |  |
| **RAVA 4 Access** |  |  |  |  |  |  |  |  |  |  |  |

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<sup>(2)</sup>

In Alaska, Arizona, Colorado (effective 8-17-07), Connecticut, Georgia (effective 11-10-06), Hawaii, Illinois, Iowa, Michigan (effective 8-17-07), Minnesota, Mississippi, Montana, New Jersey (effective 8-17-07), North Carolina, Oregon, Texas (effective 6-1-10), Utah and Washington the ten-year surrender charge schedule is 8% for years 0-2, 7% for year 3 and declining by 1% each year thereafter until it is 0% for years 10+. In Colorado, Georgia, Michigan, New Jersey and Texas contracts issued before the effective dates listed above follow the ten-year surrender charge schedule in the table above. For contracts issued in Alabama and Massachusetts, surrender charges are waived after the tenth contract anniversary for all payments regardless of when payments are made. Please see your contract for the surrender charge schedule applicable to you.

<sup>(3)</sup> There is no surrender charge after the third contract year, for RAVA 4 Select in Texas.

**The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of contract value is removed from an investment option before the expiration of a specified period.**

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**Adjustments**

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| | |
|:---|:---|
| **MVA Maximum Potential Loss** (as a percentage of amount withdrawn from a GPA)<sup>(1)</sup> | 100% |

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<sup>(1)</sup>

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.

**The next table describes the fees and expenses that you will pay *each year* during the time that you own the contract (not including Funds fees and expenses). If you choose to purchase an optional benefit, you will pay additional charges, as shown below.**

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**Annual Contract Expenses**

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**<u>Administrative Expenses</u>** <br>(assessed annually and upon full surrender)

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|:---|:---|:---|
| **Annual contract administrative charge** | **Maximum:** $50 | **Current:** $50\* |

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(We will waive this $50 charge when your contract value, or total purchase payments less any payments surrendered, is $50,000 or more on the current contract anniversary, except at full surrender.)

\*Prior to May 4, 2020, the annual contract administrative charge was $30.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 13

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**<u>Base Contract Expenses</u>** 

(as a percentage of average daily contract value in the variable account)

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|:---|:---|
| **RAVA 4 Advantage**<br> for nonqualified annuities<br>| **Current/Maximum:** 1.05% |
| **RAVA 4 Advantage**<br> for qualified annuities<br>| **Current/Maximum:** 0.85% |
| **RAVA 4 Select**<br> for nonqualified annuities<br>| **Current/Maximum:** 1.30% |
| **RAVA 4 Select**<br> for qualified annuities<br>| **Current/Maximum:** 1.10% |
| **RAVA 4 Access**<br> for nonqualified annuities<br>| **Current/Maximum:** 1.45% |
| **RAVA 4 Access**<br> for qualified annuities<br>| **Current/Maximum:** 1.25% |

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**<u>Optional Benefit Expenses</u>** 

**Optional Death Benefits** 

(As a percentage of contract value charged annually at the contract anniversary. The fee applies only if you elect the optional rider.)

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| | | |
|:---|:---|:---|
| **ROPP rider fee** | **Maximum:** 0.30% | **Current:** 0.20% |
| **MAV rider fee** | **Maximum:** 0.35% | **Current:** 0.25% |
| **5-Year MAV rider fee** | **Maximum:** 0.20% | **Current:** 0.10% |
| **EEB rider fee** | **Maximum:** 0.40% | **Current:** 0.30% |
| **EEP rider fee** | **Maximum:** 0.50% | **Current:** 0.40% |

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**Optional Living Benefits** 

**Accumulation Benefit rider fee**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Contract purchase date** | **Maximum** <br> **annual rider fee**<br>| **Initial annual rider fee**<br> **and annual rider fee for** <br> **elective step-ups before**<br> **10/20/2012**<br>|
| Prior to 1/26/2009 | 2.50% | 0.60% |
| 01/26/2009 – 05/31/2009 | 2.50% | 0.80% |
| 11/09/2009 – 10/03/2010 | 2.50% | 1.25% |
| 10/04/2010 and later | 2.50% | 1.50% |

---

Current annual rider fees for elective step-up (including elective spousal continuation step-up) requests on/after 10/20/2012 are shown in the table below.

---

| | | |
|:---|:---|:---|
| **Elective step up date:** | **If invested in Portfolio Navigator fund** <br> **at the time of step-up:**<br>| **If invested in Portfolio Stabilizer fund** <br> **at the time of step-up:**<br>|
| 10/20/2012 – 11/17/2013 | 1.75% | n/a |
| 11/18/2013 – 10/17/2014 | 1.75% | 1.30% |
| 10/18/2014 – 06/30/2016 | 1.60% | 1.00% |
| 07/01/2016 – 10/15/2018 | 1.75% | 1.30% |
| 10/16/2018 – 12/29/2019 | 1.40% | 1.00% |
| 12/30/2019 – 07/20/2020 | 1.55% | 1.15% |
| 07/21/2020 and later | 2.50% | 2.25% |

---

(Charged annually as a percentage of contract value or the Minimum Contract Accumulation Value, whichever is greater. The fee applies only if you elect the optional rider.)

---

| | | |
|:---|:---|:---|
| ***SecureSource Flex* – Single life rider fee** | **Maximum:** 2.00% | **Current:** 0.95% |
| ***SecureSource Flex* – Joint life rider fee** | **Maximum:** 2.50% | **Current:** 1.10% |

---

(Charged annually at the contract anniversary as a percentage of contract value or the total Remaining Benefit Amount, whichever is greater. The fee applies only if you elect the optional rider.)

**GWB for Life rider fee**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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14 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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---

| | |
|:---|:---|
| **Maximum**: 1.50% | **Initial**: 0.65%<sup>(1)</sup> <br>|

---

(Charged annually at the contract anniversary as a percentage of contract value or the total Remaining Benefit Amount, whichever is greater. The fee applies only if you elect the optional rider.)

<sup>(1)</sup>

Effective Dec. 18, 2013 if you request an elective step up or the elective spousal continuation step up, or move to a Portfolio Navigator fund that is more aggressive than your current Portfolio Navigator fund allocation, the fee that will apply to your rider will correspond to the fund in which you are invested following the change as shown in the table below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Fund name** | **Maximum annual rider fee** | **Current rider fee**<br> **as of 12/18/13**<br>|
| **Portfolio Stabilizer funds** | 1.50<br> %<br>| 0.65<br> %<br>|
| **Portfolio Navigator funds:** |  |  |
| Variable Portfolio – Conservative Portfolio (Class 2), (Class 4) | 1.50<br> %<br>| 0.65<br> %<br>|
| Variable Portfolio – Moderately Conservative Portfolio (Class 2), (Class 4) | 1.50<br> %<br>| 0.65<br> %<br>|
| Variable Portfolio – Moderate Portfolio (Class 2), (Class 4) | 1.50<br> %<br>| 0.65<br> %<br>|
| Variable Portfolio – Moderately Aggressive Portfolio (Class 2), (Class 4) | 1.50<br> %<br>| 0.95<br> %<br>|
| Variable Portfolio – Aggressive Portfolio (Class 2), (Class 4) | 1.50<br> %<br>| 1.10<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**SecureSource**<sup>®</sup> **rider fees**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Contract purchase date** | **Maximum annual rider fee** | **Initial annual rider fee**<sup>(2)</sup> |
| prior to 1/26/2009, Single Life | 1.50<br> %<br>| 0.65<br> %<br>|
| prior to 1/26/2009, Joint Life | 1.75<br> %<br>| 0.85<br> %<br>|
| 1/26/2009 and later, Single Life | 2.00<br> %<br>| 0.90<br> %<br>|
| 1/26/2009 and later, Joint Life | 2.50<br> %<br>| 1.15<br> %<br>|

---

(Charged annually on the contract anniversary as a percentage of the contract value or the total Remaining Benefit Amount, whichever is greater.)

<sup>(2)</sup>

Effective Dec. 18, 2013 if you request an elective step up or the elective spousal continuation step up, or move to a Portfolio Navigator fund that is more aggressive than your current Portfolio Navigator fund allocation, the fee that will apply to your rider will correspond to the fund in which you are invested following the change as shown in the table below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Portfolio Navigator funds** | **Portfolio Navigator funds** | **Portfolio Navigator funds** | **Portfolio Navigator funds** | **Portfolio Navigator funds** |
| <br>**Contract purchase date** | <br>**All Portfolio**<br> **Stabilizer**<br> **funds**<br>| **Variable**<br> **Portfolio –**<br> **Conservative**<br> **Portfolio**<br> **(Class 2),**<br> **(Class 4)**<br>| **Variable**<br> **Portfolio –**<br> **Moderately**<br> **Conservative**<br> **Portfolio**<br> **(Class 2),**<br> **(Class 4)**<br>| **Variable**<br> **Portfolio –**<br> **Moderate**<br> **Portfolio**<br> **(Class 2),**<br> **(Class 4)**<br>| **Variable**<br> **Portfolio –**<br> **Moderately**<br> **Aggressive**<br> **Portfolio**<br> **(Class 2),**<br> **(Class 4)**<br>| **Variable**<br> **Portfolio –**<br> **Aggressive**<br> **Portfolio**<br> **(Class 2),**<br> **(Class 4)**<br>|
| prior to 1/26/2009, Single Life | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp; 1.00% |
| prior to 1/26/2009, Joint Life | &nbsp;&nbsp;&nbsp; 0.85% | &nbsp;&nbsp;&nbsp; 0.85% | &nbsp;&nbsp;&nbsp; 0.85% | &nbsp;&nbsp;&nbsp; 0.85% | &nbsp;&nbsp;&nbsp; 1.10% | &nbsp;&nbsp;&nbsp; 1.20% |
| 1/26/2009 and later, Single Life | &nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp; 1.00% | &nbsp;&nbsp;&nbsp; 1.10% |
| 1/26/2009 and later, Joint Life | &nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp; 1.25% | &nbsp;&nbsp;&nbsp; 1.35% |

---

**The next table shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the contract. Expenses shown may change over time and may be higher or lower in the future. Expenses shown may change over time and may be higher or lower in the future. A complete list of investment options available under the contract, including their annual expenses, may be found in the Appendix A.**

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**Annual Fund Expenses**<sup>(1)</sup>

------

---

| | | |
|:---|:---|:---|
| **Total Annual Fund Expenses** | **Minimum(%)** | **Maximum(%)** |
| (expenses deducted from the Fund assets, including management fees, distribution and/or service <br> (12b-1) fees and other expenses)<br>| 0.38 | 2.44 |

---

<sup>(1)</sup>

Total annual Fund operating expenses are deducted from amounts that are allocated to the Fund. They include management fees and other expenses and may include distribution (12b-1) fees. Other expenses may include service fees that may be used to compensate service providers, including us and our affiliates, for administrative and contractowner services provided on behalf of the Fund. The amount of these payments will vary by Fund and may be significant. See "The Variable Account and the Funds" for additional information, including potential conflicts of interest these payments may create. Distribution (12b-1) fees are used to finance any activity that is primarily intended to result in the sale of Fund shares. Because 12b-1 fees are paid out of Fund assets on an ongoing basis, you may pay more if you select Subaccounts investing in Funds that have adopted 12b-1 plans than if you select Subaccounts investing in Funds that have not adopted 12b-1 plans. For a more complete description of each Fund's fees and expenses and important disclosure regarding payments the Fund and/or its affiliates make, please review the Fund's prospectus and SAI.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 15

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**Examples** 

**These examples are intended to help you compare the cost of investing in these contracts**. **These costs include Transaction Expenses, Annual Contract Expenses, and Annual Fund expenses.** 

**The examples assume all contract value is allocated to the subaccounts. The examples do not reflect the MVA that only applies to GPAs. Your costs could differ from those shown below if you invest in the GPAs or fixed account investment options.** 

**These examples assume that you invest $100,000 in the contract for the time periods indicated. These examples also assume that your investment has a 5% return each year. The "Maximum" example further assumes the most expensive combination of Annual Contract Expenses reflecting the maximum charges, Annual Fund Expenses\* and optional benefits available. The "Minimum" example further assumes the least expensive combination of Annual Contract Expenses reflecting the current charges, Annual Fund Expenses and that no optional benefits are selected. Although your actual costs may be higher or lower, based on these assumptions your maximum and minimum costs would be:**

**Maximum Expenses.** These examples assume that you select the optional MAV death benefit, EEP (if available) and Accumulation Benefit rider, if available. Living benefit riders are not available under RAVA 4 Access contracts and examples for RAVA 4 Access assume you have the Standard Death benefit and select the optional EEP death benefit rider. Although your actual costs may be higher, based on these assumptions your costs would be:

\* Note: Certain funds are not available for contracts with living benefit riders and may have higher fund expenses than the rider fee and associated fund expenses shown here.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** |
| | **1 year** | **3 years** | **5 years** | **10 years** | **1 year** | **3 years** | **5 years** | **10 years** |
| <br>**Nonqualified Annuity**<br>**RAVA 4 Advantage** |  |  |  |  |  |  |  |  |
| With a ten-year surrender charge schedule | &nbsp;&nbsp;&nbsp; $12838 | &nbsp;&nbsp;&nbsp; $23024 | &nbsp;&nbsp;&nbsp; $33077 | &nbsp;&nbsp;&nbsp; $54631 | &nbsp;&nbsp;&nbsp;&nbsp; $5588 | &nbsp;&nbsp;&nbsp; $16666 | &nbsp;&nbsp;&nbsp; $27613 | &nbsp;&nbsp;&nbsp; $54581 |
| With a seven-year surrender charge <br> schedule<br>| &nbsp;&nbsp;&nbsp; 11938 | &nbsp;&nbsp;&nbsp; 22123 | &nbsp;&nbsp;&nbsp; 31273 | &nbsp;&nbsp;&nbsp; 54631 | &nbsp;&nbsp;&nbsp;&nbsp; 5588 | &nbsp;&nbsp;&nbsp; 16666 | &nbsp;&nbsp;&nbsp; 27613 | &nbsp;&nbsp;&nbsp; 54581 |
| **RAVA 4 Select** | &nbsp;&nbsp;&nbsp; 12186 | &nbsp;&nbsp;&nbsp; 17411 | &nbsp;&nbsp;&nbsp; 28764 | &nbsp;&nbsp;&nbsp; 56662 | &nbsp;&nbsp;&nbsp;&nbsp; 5836 | &nbsp;&nbsp;&nbsp; 17361 | &nbsp;&nbsp;&nbsp; 28714 | &nbsp;&nbsp;&nbsp; 56612 |
| **RAVA 4 Select – Texas** | &nbsp;&nbsp;&nbsp; 12186 | &nbsp;&nbsp;&nbsp; 17411 | &nbsp;&nbsp;&nbsp; 28764 | &nbsp;&nbsp;&nbsp; 56662 | &nbsp;&nbsp;&nbsp;&nbsp; 5836 | &nbsp;&nbsp;&nbsp; 17361 | &nbsp;&nbsp;&nbsp; 28714 | &nbsp;&nbsp;&nbsp; 56612 |
| **RAVA 4 Access** | &nbsp;&nbsp;&nbsp; 4694 | &nbsp;&nbsp;&nbsp; 14031 | &nbsp;&nbsp;&nbsp; 23435 | &nbsp;&nbsp;&nbsp; 47240 | &nbsp;&nbsp;&nbsp;&nbsp; 4644 | &nbsp;&nbsp;&nbsp; 13981 | &nbsp;&nbsp;&nbsp; 23385 | &nbsp;&nbsp;&nbsp; 47190 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** |
| | **1 year** | **3 years** | **5 years** | **10 years** | **1 year** | **3 years** | **5 years** | **10 years** |
| <br>**Qualified Annuity**<br>**RAVA 4 Advantage** |  |  |  |  |  |  |  |  |
| With a ten-year surrender charge schedule | &nbsp;&nbsp;&nbsp; $12640 | &nbsp;&nbsp;&nbsp; $22462 | &nbsp;&nbsp;&nbsp; $32199 | &nbsp;&nbsp;&nbsp; $53028 | &nbsp;&nbsp;&nbsp;&nbsp; $5390 | &nbsp;&nbsp;&nbsp; $16107 | &nbsp;&nbsp;&nbsp; $26740 | &nbsp;&nbsp;&nbsp; $52978 |
| With a seven-year surrender charge <br> schedule<br>| &nbsp;&nbsp;&nbsp; 11740 | &nbsp;&nbsp;&nbsp; 21561 | &nbsp;&nbsp;&nbsp; 30396 | &nbsp;&nbsp;&nbsp; 53028 | &nbsp;&nbsp;&nbsp;&nbsp; 5390 | &nbsp;&nbsp;&nbsp; 16107 | &nbsp;&nbsp;&nbsp; 26740 | &nbsp;&nbsp;&nbsp; 52978 |
| **RAVA 4 Select** | &nbsp;&nbsp;&nbsp; 11988 | &nbsp;&nbsp;&nbsp; 16855 | &nbsp;&nbsp;&nbsp; 27880 | &nbsp;&nbsp;&nbsp; 55038 | &nbsp;&nbsp;&nbsp;&nbsp; 5638 | &nbsp;&nbsp;&nbsp; 16805 | &nbsp;&nbsp;&nbsp; 27830 | &nbsp;&nbsp;&nbsp; 54988 |
| **RAVA 4 Select – Texas** | &nbsp;&nbsp;&nbsp; 11988 | &nbsp;&nbsp;&nbsp; 16855 | &nbsp;&nbsp;&nbsp; 27880 | &nbsp;&nbsp;&nbsp; 55038 | &nbsp;&nbsp;&nbsp;&nbsp; 5638 | &nbsp;&nbsp;&nbsp; 16805 | &nbsp;&nbsp;&nbsp; 27830 | &nbsp;&nbsp;&nbsp; 54988 |
| **RAVA 4 Access** | &nbsp;&nbsp;&nbsp; 4490 | &nbsp;&nbsp;&nbsp; 13445 | &nbsp;&nbsp;&nbsp; 22501 | &nbsp;&nbsp;&nbsp; 45587 | &nbsp;&nbsp;&nbsp;&nbsp; 4440 | &nbsp;&nbsp;&nbsp; 13395 | &nbsp;&nbsp;&nbsp; 22451 | &nbsp;&nbsp;&nbsp; 45537 |

---

**Minimum Expenses.** These examples assume that you have the Standard Death Benefit and do not select any optional benefits. Although your actual costs may be higher, based on these assumptions your costs would be:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** |
| | **1 year** | **3 years** | **5 years** | **10 years** | **1 year** | **3 years** | **5 years** | **10 years** |
| <br>**Nonqualified Annuity**<br>**RAVA 4 Advantage** |  |  |  |  |  |  |  |  |
| With a ten-year surrender charge schedule | &nbsp;&nbsp;&nbsp; $8994 | &nbsp;&nbsp;&nbsp; $11604 | &nbsp;&nbsp;&nbsp; $13915 | &nbsp;&nbsp;&nbsp; $17273 | &nbsp;&nbsp;&nbsp;&nbsp; $1466 | &nbsp;&nbsp;&nbsp; $4554 | &nbsp;&nbsp;&nbsp; $7865 | &nbsp;&nbsp;&nbsp; $17223 |
| With a seven-year surrender charge schedule | &nbsp;&nbsp;&nbsp; 8060 | &nbsp;&nbsp;&nbsp; 10604 | &nbsp;&nbsp;&nbsp; 11915 | &nbsp;&nbsp;&nbsp; 17273 | &nbsp;&nbsp;&nbsp;&nbsp; 1466 | &nbsp;&nbsp;&nbsp; 4554 | &nbsp;&nbsp;&nbsp; 7865 | &nbsp;&nbsp;&nbsp; 17223 |
| **RAVA 4 Select** | &nbsp;&nbsp;&nbsp; 8298 | &nbsp;&nbsp;&nbsp; 5387 | &nbsp;&nbsp;&nbsp; 9243 | &nbsp;&nbsp;&nbsp; 20045 | &nbsp;&nbsp;&nbsp;&nbsp; 1722 | &nbsp;&nbsp;&nbsp; 5337 | &nbsp;&nbsp;&nbsp; 9193 | &nbsp;&nbsp;&nbsp; 19995 |
| **RAVA 4 Select – Texas** | &nbsp;&nbsp;&nbsp; 8298 | &nbsp;&nbsp;&nbsp; 5387 | &nbsp;&nbsp;&nbsp; 9243 | &nbsp;&nbsp;&nbsp; 20045 | &nbsp;&nbsp;&nbsp;&nbsp; 1722 | &nbsp;&nbsp;&nbsp; 5337 | &nbsp;&nbsp;&nbsp; 9193 | &nbsp;&nbsp;&nbsp; 19995 |
| **RAVA 4 Access** | &nbsp;&nbsp;&nbsp; 1926 | &nbsp;&nbsp;&nbsp; 5855 | &nbsp;&nbsp;&nbsp; 10033 | &nbsp;&nbsp;&nbsp; 21677 | &nbsp;&nbsp;&nbsp;&nbsp; 1876 | &nbsp;&nbsp;&nbsp; 5805 | &nbsp;&nbsp;&nbsp; 9983 | &nbsp;&nbsp;&nbsp; 21627 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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16 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** |
| | **1 year** | **3 years** | **5 years** | **10 years** | **1 year** | **3 years** | **5 years** | **10 years** |
| <br>**Qualified Annuity**<br>**RAVA 4 Advantage** |  |  |  |  |  |  |  |  |
| With a ten-year surrender charge schedule | &nbsp;&nbsp;&nbsp; $8806 | &nbsp;&nbsp;&nbsp; $10975 | &nbsp;&nbsp;&nbsp; $12843 | &nbsp;&nbsp;&nbsp; $15005 | &nbsp;&nbsp;&nbsp;&nbsp; $1261 | &nbsp;&nbsp;&nbsp; $3925 | &nbsp;&nbsp;&nbsp; $6793 | &nbsp;&nbsp;&nbsp; $14955 |
| With a seven-year surrender charge schedule | &nbsp;&nbsp;&nbsp; 7869 | &nbsp;&nbsp;&nbsp; 9975 | &nbsp;&nbsp;&nbsp; 10843 | &nbsp;&nbsp;&nbsp; 15005 | &nbsp;&nbsp;&nbsp;&nbsp; 1261 | &nbsp;&nbsp;&nbsp; 3925 | &nbsp;&nbsp;&nbsp; 6793 | &nbsp;&nbsp;&nbsp; 14955 |
| **RAVA 4 Select** | &nbsp;&nbsp;&nbsp; 8107 | &nbsp;&nbsp;&nbsp; 4761 | &nbsp;&nbsp;&nbsp; 8182 | &nbsp;&nbsp;&nbsp; 17833 | &nbsp;&nbsp;&nbsp;&nbsp; 1517 | &nbsp;&nbsp;&nbsp; 4711 | &nbsp;&nbsp;&nbsp; 8132 | &nbsp;&nbsp;&nbsp; 17783 |
| **RAVA 4 Select – Texas** | &nbsp;&nbsp;&nbsp; 8107 | &nbsp;&nbsp;&nbsp; 4761 | &nbsp;&nbsp;&nbsp; 8182 | &nbsp;&nbsp;&nbsp; 17833 | &nbsp;&nbsp;&nbsp;&nbsp; 1517 | &nbsp;&nbsp;&nbsp; 4711 | &nbsp;&nbsp;&nbsp; 8132 | &nbsp;&nbsp;&nbsp; 17783 |
| **RAVA 4 Access** | &nbsp;&nbsp;&nbsp; 1721 | &nbsp;&nbsp;&nbsp; 5231 | &nbsp;&nbsp;&nbsp; 8979 | &nbsp;&nbsp;&nbsp; 19496 | &nbsp;&nbsp;&nbsp;&nbsp; 1671 | &nbsp;&nbsp;&nbsp; 5181 | &nbsp;&nbsp;&nbsp; 8929 | &nbsp;&nbsp;&nbsp; 19446 |

---

THE EXAMPLES ARE ILLUSTRATIVE ONLY. YOU SHOULD NOT CONSIDER THESE EXAMPLES AS A REPRESENTATION OF PAST OR FUTURE EXPENSES. ACTUAL EXPENSES WILL BE HIGHER OR LOWER THAN THOSE SHOWN DEPENDING UPON WHICH OPTIONAL BENEFIT YOU ELECT OTHER THAN INDICATED IN THE EXAMPLES OR IF YOU ALLOCATE CONTRACT VALUE TO ANY OTHER AVAILABLE SUBACCOUNTS.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 17

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Principal Risks of Investing in the Contract

**Risk of Loss.** Variable annuities involve risks, including possible loss of principal. Your losses could be significant. This contract is not a deposit or obligation of, or guaranteed or endorsed by, any bank. This contract is not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency.

**Short-Term Investment Risk.** This contract is not designed for short-term investing and may not be appropriate for an investor who needs ready access to cash. The benefits of tax deferral, long-term income, and the option to purchase a living benefit mean that this contract is more beneficial to investors with a long-term investment horizon.

**Withdrawal Risk.** You should carefully consider the risks associated with withdrawals under the contract. Withdrawals may be subject to a significant surrender charge, depending on the option you select. If you make a withdrawal prior to age 59½, there may be adverse tax consequences, including a 10% IRS penalty tax. A positive or negative MVA is assessed if any portion of a Guarantee Period Account is surrendered or transferred more than thirty days before the end of its guarantee period. You could lose up to 100% of your investment in a GPA as a result of a negative MVA. A withdrawal may reduce the value of your standard and optional benefits. In addition, a withdrawal could reduce the value of certain optional living and death benefits by an amount greater than the amount withdrawn and could result in termination of the benefit. A total withdrawal (surrender) will result in the termination of your contract unless you have one of the withdrawal benefit riders and the withdrawal is not an excess withdrawal.

**Subaccount Risk.** Amounts that you invest in the subaccounts are subject to the risk of poor investment performance. You assume the investment risk. Generally, if the subaccounts that you select make money, your contract value goes up, and if they lose money, your contract value goes down. Each subaccount's performance depends on the performance of its underlying Fund. Each underlying Fund has its own investment risks, and you are exposed to the Fund's investment risks when you invest in a subaccount. You are responsible for selecting subaccounts that are appropriate for you based on your own individual circumstances, investment goals, financial situation, and risk tolerance. For risks associated with any Fixed Account options, see Financial Strength and Claims-Paying Ability Risk below.

**GPA Risk.** Each GPA pays an interest rate declared by us when you make an allocation to that account and is fixed for the guarantee period you choose. We will periodically change the declared interest rate for future allocations to these accounts at our discretion based, in part, on various factors including, but not limited to, the interest rate environment, returns earned on investments backing these annuities, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition, and RiverSource Life's revenues and expenses. <br>

We guarantee the contract value allocated to the GPAs, including interest credited, if you do not make any transfers or surrenders from the GPA prior to 30 days before the end of the guarantee period. At all other times, and unless an exception applies, we will apply a MVA if you surrender or transfer contract value from a GPA or you elect an annuity payout plan while you have contract value invested in a GPA. The MVA may be negative, positive or result in no change depending on how the guaranteed interest rate on your GPA compares to the new interest rate of a new GPA for the same number of years as the guarantee period remaining on your GPA. You bear the risk of loss of principal due to a negative MVA. Partial surrenders will reduce certain death benefits proportionally based on the percentage of contract value that is withdrawn and if you request a partial surrender from the GPAs that will give you the net amount you requested after we apply any applicable MVA and surrender charge, a negative MVA will increase the impact of the partial surrender on the value of the death benefit.

**Selection Risk.** The optional benefits under the contract were designed for different financial goals and to protect against different financial risks. There is a risk that you may not choose, or may not have chosen, the benefit or benefits (if any) that are best suited for you based on your present or future needs and circumstances, and the benefits that are more suited for you (if any) may not be elected after your contract is issued. In addition, if you elected an optional benefit and do not use it, and if the contingencies upon which the benefit depend never occur, you will have paid for an optional benefit that did not provide a financial benefit. There is also a risk that any financial return of an optional benefit, if any, will ultimately be less than the amount you paid for the benefit.

**Investment Restrictions Risk.** Certain optional benefits limit the investment options that are available to you and limit your ability to take certain actions under the contract. These investment requirements are designed to reduce our risk that we will have to make payments to you from our own assets. In turn, they may also limit the potential growth of your contract value and the potential growth of your guaranteed benefits. This may conflict with your personal investment objectives.

**Managed Volatility Fund Risk.** The Portfolio Stabilizer funds are managed volatility funds that employ a strategy designed to reduce overall volatility and downside risk. These risk management techniques help us manage our financial risks associated with the contract's guarantees, like living benefits, because they reduce the incidence of extreme outcomes including the probability of large gains or losses. However, these strategies can also limit your participation in rising equity markets, which may limit the potential growth of your contract value and the potential growth of your guaranteed benefits and may therefore conflict with your personal investment objectives. Certain Funds advised by our affiliate, Columbia Management, employ such risk management strategies. If you elect certain optional benefits under

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18 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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the contract, we require you to invest in these funds, which may limit your ability to increase your benefit. Costs associated with running a managed volatility strategy may also adversely impact the performance of managed volatility funds.

**Purchase Payment Risk.** Your ability to make subsequent purchase payments is subject to restrictions. We reserve the right to limit or restrict purchase payments in certain contract years or based on age, and in conjunction with certain optional living benefit riders with advance notice. Also, our prior approval may be required before accepting certain purchase payments. We reserve the right to limit certain annuity features (for example, investment options) if prior approval is required. There is no guarantee that you will always be permitted to make purchase payments.

**Purchase Payment Credit Risk.** The expenses of the Contract may be higher than expenses for a similar contract that does not credit a Purchase payment credit. Your Purchase payment credits may be more than offset by the higher expenses associated with this Contract. A Purchase payment credit may be reversed upon payment of a lump sum death benefit when the date of death is within 12 months of when the purchase payment credit was applied, upon a surrender payment subject to a surrender charge waiver due to Hospital or Nursing Home Confinement or Terminal Illness Disability Diagnosis within 12 months of when the purchase payment credit was applied, or upon settlement of the contract under an annuity payout plan within 12 months of when the purchase payment credit was applied.

**Contract Changes Risk.** We reserve the right to make certain changes in the future, subject to applicable law. We reserve the right to (i) limit transfers to the regular fixed account or (ii) change the percentage allowed to be transferred from the regular fixed account. During the annuity payout period, we reserve the right to limit the number of subaccounts in which you may invest. We reserve the right to add, remove or substitute approved investment options at any time and in our sole discretion. We reserve the right to close or restrict approved investment options in our sole discretion. For certain optional living benefits, we also reserve the right to add, remove or modify allocation plans and requirements in our sole discretion.

**Financial Strength and Claims-Paying Ability Risk.** All guarantees under the contract that are paid from our general account (including under any Fixed Account option) are subject to our financial strength and claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you.

**Cybersecurity Risk.** Increasingly, businesses are dependent on the continuity, security, and effective operation of various technology systems. The nature of our business depends on the continued effective operation of our systems and those of our business partners.

This dependence makes us susceptible to operational and information security risks from cyber-attacks. These risks may include the following:

• the corruption or destruction of data;

• theft, misuse or dissemination of data to the public, including your information we hold; and

• denial of service attacks on our website or other forms of attacks on our systems and the software and hardware we use to run them.

These attacks and their consequences can negatively impact your contract, your privacy, your ability to conduct transactions on your contract, or your ability to receive timely service from us. The risk of cyberattacks may be higher during periods of geopolitical turmoil. There can be no assurance that we, the underlying funds in your contract, or our other business partners will avoid losses affecting your contract due to any successful cyber-attacks or information security breaches.

**Potential Adverse Tax Consequences.** Tax considerations vary by individual facts and circumstances. Tax rules may change without notice. Generally, earnings under your contract are taxed at ordinary income tax rates when withdrawn. You may have to pay a tax penalty if you take a withdrawal before age 59 ½. If you purchase a qualified annuity to fund a retirement plan that is tax-deferred, your contract will not provide any necessary or additional tax deferral beyond what is provided in that retirement plan. Consult a tax professional.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 19

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The Variable Account and the Funds

**The Variable Account:** The Variable Account was established under Minnesota law on Aug. 23, 1995.The Variable Account, consisting of subaccounts, is registered together as a single unit investment trust under the Investment Company Act of 1940 (the 1940 Act). This registration does not involve any supervision of our management or investment practices and policies by the SEC. All obligations arising under the contracts are general obligations of RiverSource Life.

The Variable Account meets the definition of a separate account under federal securities laws. Income, gains, and losses credited to or charged against the Variable Account reflect the Variable Account's own investment experience and not the investment experience of RiverSource Life's other assets. The Variable Account's assets are held separately from RiverSource Life's assets and are not chargeable with liabilities incurred in any other business of RiverSource Life. RiverSource Life is obligated to pay all amounts promised to contract owners under the contracts. The Variable Account includes other subaccounts that are available under contracts that are not described in this prospectus.

The IRS has issued guidance on investor control but may issue additional guidance in the future. We reserve the right to modify the contract or any investments made under the terms of the contract so that the investor control rules do not apply to treat the contract owner as the owner of the subaccount assets rather than the owner of an annuity contract. If the contract is not treated as an annuity contract for tax purposes, the owner may be subject to current taxation on any current or accumulated income credited to the contract.

We intend to comply with all federal tax laws so that the contract qualifies as an annuity for federal tax purposes. We reserve the right to modify the contract as necessary in order to qualify the contract as an annuity for federal tax purposes.

**The Funds:** The contract currently offers Subaccounts investing in shares of the Funds. Contract value allocated to a Subaccount will vary based on the investment experience of the corresponding Fund in which the Subaccount invests. There is a risk of loss of the entire amount invested. Information regarding each Fund, including (i) its name, (ii) its investment objective, (iii) its investment adviser and any sub-investment adviser, (iv) current expenses, and (v) performance may be found in Appendix A to this prospectus.

Please read the Funds' prospectuses carefully for facts you should know before investing. These prospectuses containing more detailed information about the Funds are available by contacting us at 70100 Ameriprise Financial Center, Minneapolis, MN 55474, telephone: 1-800-862-7919, website: Ameriprise.com/variableannuities.

• **Investment objectives:** The investment managers and advisers cannot guarantee that the Funds will meet their investment objectives.

• **Fund name and management:** An underlying Fund in which a Subaccount invests may have a name, portfolio manager, objectives, strategies and characteristics that are the same or substantially similar to those of a publicly-traded retail mutual fund. Despite these similarities, an underlying fund is not the same as any publicly-traded retail mutual fund. Each underlying fund will have its own unique portfolio holdings, fees, operating expenses and operating results. The results of each underlying fund may differ significantly from any publicly-traded retail mutual fund.

• **Eligible purchasers:** All Funds are available to serve as underlying funds for variable annuities and variable life insurance policies. The Funds are not available to the public (see "Fund name and management" above). Some Funds also are available to serve as investment options for tax-deferred retirement plans. It is possible that in the future for tax, regulatory or other reasons, it may be disadvantageous for variable annuity accounts and variable life insurance accounts and/or tax-deferred retirement plans to invest in the available funds simultaneously. Although we and the Funds' providers do not currently foresee any such disadvantages, the boards of directors or trustees of each Fund will monitor events in order to identify any material conflicts between annuity owners, policy owners and tax-deferred retirement plans and to determine what action, if any, should be taken in response to a conflict. If a board were to conclude that it should establish separate Fund providers for the variable annuity, variable life insurance and tax-deferred retirement plan accounts, you would not bear any expenses associated with establishing separate Funds. Please refer to the Funds' prospectuses for risk disclosure regarding simultaneous investments by variable annuity, variable life insurance and tax-deferred retirement plan accounts. Each Fund intends to comply with the diversification requirements under Section 817(h) of the Code.

• **Asset allocation programs may impact Fund performance:** Asset allocation programs in general may negatively impact the performance of an underlying fund. Even if you do not participate in an asset allocation program, a Fund in which your Subaccount invests may be impacted if it is included in an asset allocation program. Rebalancing or reallocation under the terms of the asset allocation program may cause a Fund to lose money if it must sell large amounts of securities to meet a redemption request. These losses can be greater if the Fund holds securities that are not as liquid as others; for example, various types of bonds, shares of smaller companies and securities of foreign issuers. A Fund may also experience higher expenses because it must sell or buy securities more frequently than it otherwise might in the absence of asset allocation program rebalancing or reallocations. Because asset

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20 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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allocation programs include periodic rebalancing and may also include reallocation, these effects may occur under the asset allocation program we offer (see "Making the Most of Your Contract — Portfolio Navigator Program and Portfolio Stabilizer Funds") or under asset allocation programs used in conjunction with the contracts and plans of other eligible purchasers of the Funds.

• **Funds available under the contract:** We seek to provide a broad array of underlying funds taking into account the fees and charges imposed by each Fund and the contract charges we impose. We select the underlying funds in which the Subaccounts initially invest and when there is substitution (see "Substitution of Investments"). We also make all decisions regarding which Funds to retain in a contract, which Funds to add to a contract and which Funds will no longer be offered in a contract. In making these decisions, we may consider various objective and subjective factors. Objective factors include, but are not limited to Fund performance, Fund expenses, classes of Fund shares available, size of the Fund and investment objectives and investing style of the Fund. Subjective factors include, but are not limited to, investment sub-styles and process, management skill and history at other Funds and portfolio concentration and sector weightings. We also consider the levels and types of revenue, including but not limited to expense payments and non-cash compensation of a Fund, its distributor, investment adviser, subadviser, transfer agent or their affiliates pay us and our affiliates. This revenue includes, but is not limited to compensation for administrative services provided with respect to the Fund and support of marketing and distribution expenses incurred with respect to the Fund.

• **Money Market fund yield:** In low interest rate environments, money market fund yields may decrease to a level where the deduction of fees and charges associated with your contract could result in negative net performance, resulting in a corresponding decrease in your contract value.

• **Conflicts of Interest with Certain Funds Advised by Columbia Management.** We are an affiliate of Ameriprise Financial, Inc., which is the parent company of Columbia Management Investment Advisers, LLC (Columbia Management). Columbia Management acts as investment adviser to several funds of funds, including Portfolio Navigator and Portfolio Stabilizer funds. As such, it retains full discretion over the investment activities and investment decisions of the Funds. These funds invest in other registered mutual funds. In providing investment advisory services for the funds and the underlying funds in which those funds respectively invest, Columbia Management is, together with its affiliates, including us, subject to competing interests that may influence its decisions. These competing interests typically arise because Columbia Management Investment Advisers or one of its affiliates serves as the investment adviser to the underlying funds and may provide other services in connection with such underlying funds, and because the compensation we and our affiliates receive for providing these investment advisory and other services varies depending on the underlying fund.

• **Revenue we receive from the Funds and potential conflicts of interest:** 

***Expenses We May Incur on Behalf of the Funds*** 

When a Subaccount invests in a Fund, the Fund holds a single account in the name of the Variable Account. As such, the Variable Account is actually the shareholder of the fund. We, through our Variable Account, aggregate the transactions of numerous contract owners and submit net purchase and redemption requests to the Funds on a daily basis. In addition, we track individual contract owner transactions and provide confirmations, periodic statements, and other required mailings. These costs would normally be borne by the fund, but we incur them instead.

Besides incurring these administrative expenses on behalf of the funds, we also incur distributions expenses in selling our contracts. By extension, the distribution expenses we incur benefit the funds we make available due to contract owner elections to allocate purchase payments to the funds through the Subaccounts. In addition, the funds generally incur lower distribution expenses when offered through our Variable Account in contrast to being sold on a retail basis.

A complete list of why we may receive this revenue, as well as sources of revenue, is described in detail below.

***Payments the Funds May Make to Us*** 

We or our affiliates may receive from each of the Funds, or their affiliates, compensation including but not limited to expense payments. These payments are designed in part to compensate us for the expenses we may incur on behalf of the Funds. In addition to these payments, the Funds may compensate us for wholesaling activities or to participate in educational or marketing seminars sponsored by the Funds.

We or our affiliates may receive revenue derived from the 12b-1 fees charged by the Funds. These fees are deducted from the assets of the Funds. This revenue and the amount by which it can vary may create conflicts of interest. The amount, type, and manner in which the revenue from these sources is computed vary by Fund.

***Conflicts of Interest These Payments May Create*** 

When we determined the charges to impose under the contracts, we took into account anticipated payments from the Funds. If we had not taken into account these anticipated payments, the charges under the contract would have been higher. Additionally, the amount of payment we receive from a Fund or its affiliate may create an incentive for us to include that Fund as an investment option and may influence our decision regarding which Funds to include in the

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 21

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Variable Account as subaccount options for contract owners. Funds that offer lower payments or no payments may also have corresponding expense structures that are lower, resulting in decreased overall fees and expenses to shareholders.

We offer Funds managed by our affiliates Columbia Management and Columbia Wanger Asset Management, LLC (Columbia Wanger). We have additional financial incentive to offer our affiliated funds because additional assets held by them generally results in added revenue to us and our parent company, Ameriprise Financial, Inc. Additionally, employees of Ameriprise Financial, Inc. and its affiliates, including our employees, may be separately incented to include the affiliated funds in the products, as employee compensation and business unit operating goals at all levels are tied to the success of the company. Currently, revenue received from our affiliated funds comprises the greatest amount and percentage of revenue we derive from payments made by the Funds.

***The Amount of Payments We Receive from the Funds*** 

We or our affiliates receive revenue which ranges up to 0.65% of the average daily net assets invested in the Funds through this and other contracts we and our affiliates issue.

**Why revenues are paid to us:** In accordance with applicable laws, regulations and the terms of the agreements under which such revenue is paid, we or our affiliates may receive revenue, including but not limited to expense payments and non-cash compensation, for various purposes:

&nbsp;&nbsp;&nbsp;&nbsp;• Compensating, training and educating financial advisors who sell the contracts.

&nbsp;&nbsp;&nbsp;&nbsp;• Granting access to our employees whose job it is to promote sales of the contracts by authorized selling firms and their financial advisors, and granting access to financial advisors of our affiliated selling firms.

&nbsp;&nbsp;&nbsp;&nbsp;• Activities or services we or our affiliates provide that assist in the promotion and distribution of the contracts including promoting the funds available under the contracts to contract owners, authorized selling firms and financial advisors.

&nbsp;&nbsp;&nbsp;&nbsp;• Providing sub-transfer agency and shareholder servicing to contract owners.

&nbsp;&nbsp;&nbsp;&nbsp;• Promoting, including and/or retaining the Fund's investment portfolios as underlying Funds in the contracts.

&nbsp;&nbsp;&nbsp;&nbsp;• Advertising, printing and mailing sales literature, and printing and distributing prospectuses and reports.

&nbsp;&nbsp;&nbsp;&nbsp;• Furnishing personal services to contract owners, including education of contract owners regarding the Funds, answering routine inquiries regarding a Fund, maintaining accounts or providing such other services eligible for service fees as defined under the rules of the Financial Industry Regulatory Authority (FINRA).

&nbsp;&nbsp;&nbsp;&nbsp;• Subaccounting services, transaction processing, recordkeeping and administration.

• **Sources of revenue received from affiliated funds:** The affiliated funds are managed by Columbia Management or Columbia Wanger. The sources of revenue we receive from these affiliated funds, or from the funds' affiliates, may include, but are not necessarily limited to, the following:

&nbsp;&nbsp;&nbsp;&nbsp;• Assets of the Fund's adviser, sub-adviser, transfer agent, distributor or an affiliate of these. The revenue resulting from these sources may be based either on a percentage of average daily net assets of the Fund or on the actual cost of certain services we provide with respect to the Fund. We may receive this revenue either in the form of a cash payment or it may be allocated to us.

&nbsp;&nbsp;&nbsp;&nbsp;• Compensation paid out of 12b-1 fees that are deducted from Fund assets.

• **Sources of revenue received from unaffiliated funds:** The unaffiliated funds are not managed by an affiliate of ours. The sources of revenue we receive from these unaffiliated funds, or the funds' affiliates, may include, but are not necessarily limited to, the following:

&nbsp;&nbsp;&nbsp;&nbsp;• Assets of the Fund's adviser, sub-adviser, transfer agent, distributor or an affiliate of these. The revenue resulting from these sources may be based either on a percentage of average daily net assets of the Fund or on the actual cost of certain services we provide with respect to the Fund. We receive this revenue in the form of a cash payment.

&nbsp;&nbsp;&nbsp;&nbsp;• Compensation paid out of 12b-1 fees that are deducted from Fund assets.

The "Nonunitized" Separate Account and the Guarantee Period Accounts (GPAs)

**The "Nonunitized" separate account:** We hold amounts You allocate to the GPAs in a "nonunitized" separate account, which is maintained by Us and segregated from our general assets and the Variable Account. This separate account provides an additional measure of assurance that We will make full payment of amounts due under the GPAs. Unlike the Variable Account (i.e., a unitized separate account), which has subaccounts and accumulation units, We own the assets of this separate account as well as any favorable investment performance of those assets. You do not participate in the performance of the assets held in this separate account. We guarantee all benefits relating to Your value in the GPAs. This guarantee is based on the continued claims-paying ability of the company's general account. See "The General Account" for more information.

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22 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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**The GPAs:** The contract currently offers GPAs that earn fixed interest during guarantee periods ranging from 1 to 10 years. The available guarantee periods may vary by state. The GPAs may not be available for contracts in some states. GPAs are not available if the GWB for Life, SecureSource, or Accumulation Benefit is selected. Information regarding each GPA, including (i) its name, and (ii) its term may be found in Appendix A to this prospectus.

Currently, unless you have elected one of the optional living benefit riders, you may allocate purchase payments and purchase payment credits to one or more of the GPAs with guarantee periods declared by us. The required minimum investment in each GPA is $1,000. These accounts are not offered after annuity payouts begin. Each GPA pays an interest rate that is declared at the time of Your allocation to that account. Interest is credited daily. That interest rate is fixed for the guarantee period that You chose. We may periodically change the declared interest rate for any future allocations to these accounts, but We will not change the rate paid on any Contract Value already allocated to a GPA. The interest rates that We will declare as guaranteed rates in the future are determined by us at our discretion. These rates generally will be based on factors including, but not limited to, the interest rate environment, returns earned on investments backing these annuities, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition, and RiverSource Life's revenues and expenses. Contact our Service Center at the number listed on the cover page of this prospectus for current interest rates.

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. 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. We will not apply an MVA to Contract Value You transfer or surrender out of the GPAs during the 30-day period ending on the last day of the guarantee period. For more information about the MVA, see "Charges and Adjustments – Adjustments – Market Value Adjustments."

During the 30 day window which precedes the end of Your GPA investment's guarantee period, You may elect one of the following options: (i) reinvest the Contract Value in a new GPA with the same guarantee period; (ii) transfer the Contract Value to a GPA with a different guarantee period; (iii) transfer the Contract Value to any of the subaccounts or the regular Fixed Account (not available for RAVA 4 Access contracts), or surrender the Contract Value (subject to applicable surrender and transfer provisions). We will send You a letter prior to the end of Your guarantee period that lists the available GPAs or You can contact our Service Center at the number listed on the cover page of this prospectus for the GPAs currently available to You. If We do not receive any instructions by the end of Your guarantee period, We will automatically transfer the Contract Value into the shortest GPA term offered in Your state.

The General Account

The general account includes all assets owned by RiverSource Life, other than those in the Variable Account and our other separate accounts. Subject to applicable state law, we have sole discretion to decide how assets of the general account will be invested. The assets held in our general account support the guarantees under your contract including any optional benefits offered under the contract. These guarantees are subject to the claims-paying ability and financial strength of RiverSource Life. You should be aware that our general account is exposed to many of the same risks normally associated with a portfolio of fixed-income securities including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of annuities and financial instruments and products as well, and these obligations are satisfied from the assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. The fixed account is supported by our general account that we make available under the contract.

The Fixed Account

Amounts allocated to the fixed account are part of our general account. The fixed account includes the regular fixed account and the Special DCA fixed account. We credit interest on amounts you allocate to the fixed account at rates we determine from time to time at our discretion. Interest rates credited in excess of the guaranteed rate generally will be based on various factors related to future investment earnings. The guaranteed minimum interest rate on amounts invested in the fixed account may vary by state and contract issue year, but it will be shown on your Contract specifications page and will not be lower than the minimum allowed under state law. We back the principal and interest guarantees relating to the fixed account. These guarantees are subject to the creditworthiness and continued claims-paying ability of RiverSource Life. Information regarding each fixed account option, including (i) its name, (ii) its term, and (iii) its historical minimum guaranteed interest rates may be found in Appendix A to this prospectus.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 23

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Because of exemptive and exclusionary provisions, we have not registered interests in the fixed account as securities under the Securities Act of 1933 nor have any of these accounts been registered as investment companies under the Investment Company Act of 1940. Accordingly, neither the fixed account nor any interests in the fixed account are subject to the provisions of these Acts.

The fixed account has not been registered with the SEC. Disclosures regarding the fixed account, however, are subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of statements made in a prospectus.

The Regular Fixed Account

For RAVA 4 Advantage and RAVA 4 Select, unless the PN program is in effect, you also may allocate purchase payments and purchase payment credits or transfer contract value to the regular fixed account. Effective May 10, 2010, for RAVA 4 Access contracts you cannot allocate purchase payments to the regular fixed account. (Exception: RAVA 4 Access contract holders who remained invested in the static PN program model portfolio and have the regular fixed account included in the model portfolio selected.) The value of the regular fixed account increases as we credit interest to the account. We credit and compound interest daily based on a 365-day year so as to produce the annual effective rate which we declare. We do not credit interest on leap days (Feb. 29). The interest rate we apply to each purchase payment or transfer to the regular fixed account is guaranteed for one year. Thereafter, we will change the rates from time to time at our discretion. Subject to state limitations, we reserve the right to limit purchase payment allocations to the regular fixed account if the interest rate we are then currently crediting to the regular fixed account is equal to the minimum interest rate stated in the contract. (See "Making the Most of Your Contract — Transfer Policies" for restrictions on transfers involving the regular fixed account.)

The Special DCA Fixed Account

You also may allocate purchase payments and purchase payment credits to the Special DCA fixed account, when available. The Special DCA fixed account is available for new purchase payments. The value of the Special DCA fixed account increases as we credit interest to the account. We credit and compound interest daily based on a 365-day year so as to produce the annual effective rate which we declare. We do not credit interest on leap days (Feb. 29). The interest rate we apply to each purchase payment is guaranteed for the period of time money remains in the Special DCA fixed account. (See "Making the Most of Your Contract — Special Dollar Cost Averaging Program" for more information on the Special DCA fixed account.)

Buying Your Contract

New contracts are not currently being offered. We are required by law to obtain personal information from you which we used to verify your identity. If you do not provide this information we reserve the right to refuse to issue your contract or take other steps we deem reasonable. As the owner, you have all rights and may receive all benefits under the contract. You can own a nonqualified annuity in joint tenancy with rights of survivorship only in spousal situations. You cannot own a qualified annuity in joint tenancy. You can buy a contract if you and the annuitant are 90 or younger. If you are a Florida resident, you can not buy a contract if you and the annuitant are age 65 or older.

When you applied, you could have selected among the following (if available in your state):

• GPAs, the regular fixed account<sup>(1)</sup>, subaccounts, or the Special DCA fixed account in which you want to invest;

• how you want to make purchase payments;

• a beneficiary;

• under RAVA 4 Advantage, the length of the surrender charge period (seven or ten years)<sup>(2)</sup>;

• one of the following optional death benefits:

– ROPP Death Benefit<sup>(3)</sup>;

– MAV Death Benefit<sup>(3)</sup>;

– 5-Year MAV Death Benefit<sup>(3)</sup>;

– EEB Death Benefit<sup>(3)</sup>;

– EEP Death Benefit<sup>(3)</sup>; and

• under RAVA 4 Advantage and RAVA 4 Select, one of the following optional living benefits:

– Accumulation Benefit rider<sup>(4)</sup>;

– *SecureSource Flex* rider<sup>(4)</sup>;

– GWB for Life rider; or

– *SecureSource* rider.

<sup>(1)</sup>

For RAVA 4 Access contracts you could not have selected the regular fixed account.

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24 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(2)</sup>

In Alaska, Arizona, Colorado, Connecticut, Georgia, Hawaii, Illinois, Iowa, Michigan, Minnesota, Mississippi, Montana, New Jersey, North Carolina, Oregon, Texas, Utah and Washington, the ten-year surrender charge schedule is 8% for years 0-2, 7% for year 3 and declining by 1% each year thereafter until it is 0% for years 10+. For contracts issued in Alabama and Massachusetts, we waive surrender charges after the tenth contract anniversary for all payments regardless of when payments are made.

<sup>(3)</sup>

You may have selected any one of the ROPP, MAV, 5-Year MAV, EEB or EEP riders or certain combinations thereof. You may select the MAV and either the EEB or the EEP. You may select the 5-Year MAV and either the EEB or the EEP. You cannot select both the EEB and EEP. You cannot select both the MAV and 5-Year MAV. The MAV, EEB, EEP and 5-Year MAV are only available if you are 75 or younger at the rider effective date. EEP is only available on contracts purchased through a transfer or exchange. ROPP is only available if you are 76 or older at the rider effective date. ROPP is included in the standard death benefit if you are 75 or younger.

<sup>(4)</sup>

You may have selected either the Accumulation Benefit or *SecureSource Flex* rider. The Accumulation Benefit and *SecureSource Flex* – Single Life riders are only available if you are 80 or younger at the rider effective date. *SecureSource Flex* – Joint Life rider is available if both covered spouses are 80 or younger.

The contracts provide for allocation of purchase payments and purchase payment credits to the subaccounts of the variable account, to the GPAs, to the regular fixed account and/or to the Special DCA fixed account (when available) in even 1% increments subject to the $1,000 required minimum investment for the GPAs. There may be certain restrictions on the amount you may allocate to the regular fixed account. For RAVA 4 Access contracts purchase payment credits are not available and you cannot allocate purchase payments to the regular fixed account. (Exception: RAVA 4 Access contract holders who remained invested in the static PN program model portfolio and have the regular fixed account included in the model portfolio selected.) (See "Purchase Payments.")

We will credit additional eligible purchase payments you make to your accounts on the valuation date we receive them. If we receive an additional purchase payment at our Service Center before the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the valuation date we received the payment. If we receive an additional purchase payment at our Service Center at or after the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the next valuation date after we received the payment.

**Householding and delivery of certain documents** 

With your prior consent, RiverSource Life and its affiliates may use and combine information concerning accounts owned by members of the same household and provide a single paper or electronic copy of certain documents to that household. This householding of documents may include prospectuses, supplements, annual reports, semiannual reports and proxies. Your authorization remains in effect unless we are notified otherwise. If you wish to continue receiving multiple copies of these documents, you can opt out of householding by calling us at 1.866.273.7429. Multiple mailings will resume within 30 days after we receive your opt out request.

**Contract Exchanges** 

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. <br>Generally, you can exchange one nonqualified annuity for another or for a qualified long-term care policy in a "tax-free" exchange under Section 1035 of the Code. You can also do a partial exchange from one nonqualified annuity contract to another annuity contract, subject to Internal Revenue Service (IRS) rules. You also generally can exchange a life insurance policy for a nonqualified annuity. However, before making an exchange, you should compare both contracts carefully because the features and benefits may be different. Fees and charges may be higher or lower on your old contract than on the new contract. You may have to pay a surrender charge when you exchange out of your old contract and a new surrender charge period may begin when you exchange into the new contract. If the exchange does not qualify for Section 1035 treatment, you also may have to pay federal income tax on the distribution. State income taxes may also apply. You should not exchange your old contract for the new contract or buy the new contract in addition to your old contract, unless you determine it is in your best interest. (See "Taxes — 1035 Exchanges.")

Purchase Payments

Purchase payment amounts and purchase payment timing may vary by state and be limited under the terms of the contract.

**Minimum allowable purchase payments\*** 

If paying by installments under a scheduled payment plan:

$50 per month

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| | | | |
|:---|:---|:---|:---|
| **If paying by any other method:** | **RAVA 4 Advantage** | **RAVA 4 Select** | **RAVA 4 Access** |
| initial payment for qualified annuities | &nbsp;&nbsp;&nbsp; $1000 | &nbsp;&nbsp;&nbsp; $2000 | &nbsp;&nbsp;&nbsp; $2000 |
| initial payment for nonqualified annuities | &nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp; 10000 |
| for any additional payments | &nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp; 50 |

---

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 25

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**RAVA 4 Advantage and RAVA 4 Select Band 3 annuities sold to individuals other than advisors and employees:** Require a minimum $1,000,000 initial purchase payment and our approval. Contracts already approved may make payments in subsequent years up to $100,000 if your age on the effective date of the contract is age 85 or younger and $50,000 if your age on the effective date of the contract is age 86 to 90.

\*

Installments must total at least $600 in the first year. If you do not make any purchase payments for 24 months, and your previous payments total $600 or less, we have the right to give you 30 days' written notice and pay you the total value of your contract in a lump sum. This right does not apply to contracts in Illinois, Massachusetts and New Jersey.

**Maximum allowable purchase payments\*\*** 

(without our approval) based on your age on the effective date of the contract:

---

| | | | |
|:---|:---|:---|:---|
|  | **RAVA 4 Advantage** | **RAVA 4 Select** | **RAVA 4 Access** |
| For the first year: through age 85 | &nbsp;&nbsp;&nbsp; $999999 | &nbsp;&nbsp;&nbsp; $999999 | &nbsp;&nbsp;&nbsp; $999999 |
| for ages 86 to 90 | &nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| For each subsequent year: through age 85 | &nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| for ages 86 to 90 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp; 50000 |

---

\*\*

These limits apply in total to all RiverSource Life annuities you own. These limits may vary by state. We reserve the right to increase maximum limits. For qualified annuities, the Code's limits on annual contributions also apply.

We do not consider purchase payment credits to be part of your purchase payment.

For RAVA 4 Advantage, except for TSAs, purchase payments are limited and may not be made after the third contract anniversary in Massachusetts and Alabama.

<u>Additional purchase payment restrictions for contracts with the Accumulation Benefit rider</u> 

Additional purchase payments for contracts with the Accumulation Benefit rider are restricted during the waiting period after the first 180 days (1) immediately following the effective date and (2) following the last contract anniversary for each elective step up.

<u>Additional purchase payment restrictions for contracts with the GWB for Life rider</u> 

**Effective Jan. 26, 2009, after initial purchase payments are received, limited additional purchase payments are allowed for all contracts with the GWB for Life, subject to state restrictions.** Initial purchase payments are: 1) payments received with the application; and 2) Tax Free Exchanges, rollovers, and transfers listed on the annuity application, paper work initiated within 30 days from contract issue date and received within 180 days from the contract issue date.

For contracts issued in all states except those listed below, the only additional purchase payments that will be allowed on/after Jan. 26, 2009 are the maximum permissible annual contribution described by the Code for qualified annuities.

For contracts with GWB for Life rider issued in Florida, New Jersey, and Oregon, additional purchase payments to your variable annuity contract will be limited to $100,000 for the life of your contract. The limit does not apply to initial purchase payments.

<u>Additional purchase payment restrictions for contracts with the</u> *<u>SecureSource</u>* <u>rider</u> 

**Effective Feb. 27, 2012, after initial purchase payments are received, limited additional purchase payments are allowed for all contracts with the *SecureSource* rider, subject to state restrictions.** Initial purchase payments are: 1) payments received with the application; and 2) Tax Free Exchanges, rollovers, and transfers listed on the annuity application, paper work initiated within 30 days from contract issue date and received within 180 days from the contract issue date.

For contracts issued in all states except those listed below, the only additional purchase payments that will be allowed on/after Feb. 27, 2012 are the maximum permissible annual contribution described by the Code for qualified annuities.

For contracts with *SecureSource* rider issued in Florida, New Jersey, and Oregon, additional purchase payments to your variable annuity contract will be limited to $100,000 for the life of your contract. The limit does not apply to initial purchase payments.

<u>Additional purchase payment restrictions for contracts with the</u> *<u>SecureSource Flex</u>* <u>riders</u> 

Effective Feb. 27, 2012, no additional purchase payments are allowed for *SecureSource Flex* riders subject to certain exceptions listed below.

------

26 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

------

Certain exceptions applied and additional purchase payments were allowed on or after Feb. 27, 2012:

a. **For contracts with applications signed prior to Feb. 3, 2012,** (1) purchase payments received within 90 calendar days from the contract application signed date and (2) Tax Free Exchanges, rollovers, and transfers listed on the annuity application and received within 180 days from the contract application signed date.

b. **For contracts with applications signed on or after Feb. 3, 2012,** purchase payments received within 90 calendar days from the contract application signed date.

c. Current tax year contributions for TSAs and Custodial and investment only plans under Section 401(a) of the Code, up to the annual limit set by the IRS.

d. Prior and current tax year contributions up to the annual limit set up by the IRS for any Qualified Accounts except TSAs and 401(a)s. This annual limit applies to IRAs, Roth IRAs, SIMPLE IRAs and SEP plans.

The *SecureSource Flex* riders also prohibit additional purchase payments while the rider is effective, if (1) you decline a rider fee increase, or (2) the Annual Lifetime Payment (ALP) is established and your contract value on an anniversary is less than four times the ALP. (For the purpose of this calculation only, the ALP is determined using 5%, as described under "Optional Living Benefits — Currently Offered — *SecureSource Flex* Riders.")

If you take a withdrawal and then make additional purchase payments during the waiting period, these purchase payments are not guaranteed until the end of the waiting period.

Subject to state restrictions, we reserve the right to change the purchase payment limitations for all optional riders, including making further restrictions, upon written notice.

Subject to state regulatory requirements, we reserve the right to not accept purchase payments allocated to the regular fixed account for twelve months following either:

1. a partial surrender from the regular fixed account; or

2. a lump sum transfer from the regular fixed account to a subaccount.

How to Make Purchase Payments

**1 Electronically**

We can help you set up:

• Our Service Center or your financial advisor can help you to move money electronically, or

• You can use the secure site at ameriprise.com or the Ameriprise Financial app if you are an Ameriprise client

**2 By letter**

Send your check along with your name and contract number to:

**RiverSource Life Insurance Company** <br>**70200 Ameriprise Financial Center** <br>**Minneapolis, MN 55474**

Purchase Payment Credits

**Purchase payment credits are not available for RAVA 4 Access.** 

**For RAVA 4 Advantage:** we add a credit to your Contract in the amount of:

• 1% of each purchase payment received:

– if you elect the ten-year surrender charge schedule for your Contract and the initial purchase payment is under $100,000; or

– if you elect the seven-year surrender charge schedule for your Contract and your initial purchase payment to the Contract is at least $100,000 but less than $1,000,000.

• 2% of each purchase payment received if you elect the ten-year surrender charge schedule for your Contract and your initial purchase payment to the Contract is at least $100,000 but less than $1,000,000.

**For RAVA 4 Advantage – Band 3:** we add a credit to your Contract in the amount of:

• 2% of each purchase payment received:

– if you elect the seven-year surrender charge schedule for your Contract.

• 3% of each purchase payment received:

– if you elect the ten-year surrender charge schedule for your Contract.

------

RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 27

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Surrender charges under RAVA 4 Advantage and RAVA 4 Advantage – Band 3 may be higher and longer than those for Contracts that do not have purchase payment credits. The amount of the credits may be more than offset by the additional charges associated with them. Because of higher charges, there could be circumstances where you may be worse off purchasing one of these Contracts with the credits than purchasing other Contracts. All things being equal (such as fund performance and availability), this may occur if you select the ten-year surrender charge and you make a full surrender before year ten. We pay for the credits under RAVA 4 Advantage and RAVA 4 Advantage – Band 3 primarily through revenue from a higher and longer surrender charge schedule and through lower costs associated with larger sized Contracts, including lower compensation paid on the sales of these Contracts. We expect to make a profit from the charges on the Contract.

**For RAVA 4 Select:** we add a credit to your Contract in the amount of:

• 1% of each purchase payment received in the first Contract year if your initial purchase payment to the Contract is at least $250,000 but less than $1,000,000; or

• 2% of each purchase payment received in the first Contract year if your initial purchase payment to the Contract is $1,000,000 or more. Please note that purchase payments of $1,000,000 or more require our approval.

**For RAVA 4 Select – Band 3:** we add a credit to your Contract in the amount of 2% of each purchase payment received in the first Contract year.

Expenses under RAVA 4 Select and RAVA 4 Select – Band 3 may be higher than those for Contracts that do not have purchase payment credits. The amount of the credits may be more than offset by the additional charges associated with them. Because of higher charges, you may be worse off purchasing one of these Contracts with the credits than purchasing other Contracts. We pay for the credits under RAVA 4 Select and RAVA 4 Select – Band 3 primarily through lower costs associated with larger sized Contracts, including lower compensation paid on the sales of these Contracts. We expect to make a profit from the charges on the Contract.

We fund all credits from our general account. We do not consider credits to be "investments" for income tax purposes. (See "Taxes.")

We allocate each credit to your Contract value when the applicable purchase payment is applied to your Contract value. We allocate such credits to your Contract value according to allocation instructions in effect for your purchase payments.

We will reverse credits from the Contract value for any purchase payment that is not honored. The amount returned to you under the free look provision also will not include any credits applied to your Contract. (See "The Contract in Brief – Free look period.")

We do not consider purchase payment credits to be part of your purchase payments for any purpose under the Contract.

We will assess a charge, similar to a surrender charge, equal to the amount of the purchase payment credits to the extent a death benefit, surrender payment, or your settlement under an annuity payout plan includes purchase payment credits applied within twelve months preceding: (1) the date of death that results in a death benefit payment under this contract; (2) a request for surrender charge waiver due to Hospital or Nursing Home Confinement or Terminal Illness Disability Diagnosis; or (3) your settlement of the contract under an annuity payout plan.\*

We reserve the right to increase the amount of the credit for certain groups of contract owners. The increase will not be greater than 8% of total net purchase payments. We would pay for increases in credit amounts primarily through reduced expenses expected from such groups.

\*

For contracts purchased in Oregon, we will assess a charge, similar to a surrender charge, equal to the amount of the purchase payment credits to the extent a death benefit, includes purchase payment credits applied within twelve months preceding the date of death.

Limitations on Use of Contracts

If mandated by applicable law, including but not limited to, federal anti-money laundering laws, we may be required to reject a purchase payment. We may also be required to block an owner's access to contract values and satisfy other statutory obligations. Under these circumstances, we may refuse to implement requests for transfers, surrenders or death benefits until instructions are received from the appropriate governmental authority or court of competent jurisdiction.

The Settlement Date

Annuity payouts are scheduled to begin on the settlement date. This means that the contract will be annuitized (converted to a stream of monthly payments), and the first payment will be sent on the settlement date. If your contract is annuitized, the contract goes into payout mode and only the annuity payout provisions continue. You will no longer have access to your contract value. In addition, the death benefit and any optional benefits you have elected will end.

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28 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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The settlement date must be:

no earlier than the 30th day after the contract's effective date; and no later than

the annuitant's 95th birthday or the tenth contract anniversary, if later,

or such other date as agreed to by us but not later than the annuitant's 105th birthday.

Six months prior to your annuitization start date, we will contact you with your options including the option to postpone your settlement date to a future date. You can also choose to delay the annuitization of your contract to a date beyond age 95, to the extent allowed by applicable state law and tax laws.

If you do not make an election, annuity payouts, using the contract's default option of Annuity Payout Plan B – Life annuity with 10 years certain, will begin on the settlement date and your monthly annuity payments will continue for as long as the annuitant lives. If the annuitant does not survive 10 years, payments will continue until 10 years of payments have been made.

Generally, if you own a qualified annuity (for example, an IRA) and tax laws require that you take distributions from your annuity prior to your settlement date, your contract will not be automatically annuitized (subject to state requirements). However, if you choose, you can elect to request annuitization or take partial surrenders to meet your required minimum distributions.

Beneficiary

If death benefits become payable before the settlement date while the contract is in force and before annuity payouts begin, we will pay the death benefit to your named beneficiary. If there is more than one beneficiary we will pay each beneficiary's designated share when we receive their completed claim. A beneficiary will bear the investment risk of the variable account until we receive the beneficiary's completed claim. If there is no named beneficiary, then the default provisions of your contract will apply. (See "Benefits in Case of Death" for more about beneficiaries.)

If you select the *SecureSource* – Joint Life rider, please consider carefully whether or not you wish to change the beneficiary of your annuity contract. The rider will terminate if the surviving covered spouse can not utilize the spousal continuation provision of the contract when the death benefit is payable.

Charges and Adjustments

Transaction Expenses

Surrender Charge

If You surrender all or part of Your contract, before the settlement date, We may deduct a surrender charge from the contract value that is surrendered. For RAVA 4 Advantage, a surrender charge applies if all or part of the surrender amount is from purchase payments We received within seven or ten years before surrender. You select the surrender charge period at the time of Your application for the contract. For RAVA 4 Select, a surrender charge applies if You surrender all or part of Your purchase payments in the first three contract years. There is no surrender charge for RAVA 4 Access. The surrender charge helps Us cover sales and distribution expenses. The surrender charge percentages that apply to You are shown in Your contract. For purposes of calculating the surrender charge, We do not consider purchase payment credits as part of Your purchase payments.

You may surrender an amount during any contract year without a surrender charge. We call this amount the Total Free Amount (TFA). The TFA varies depending on whether Your contract includes the GWB for Life rider or *SecureSource* rider:

**Contracts without GWB for Life rider or *SecureSource* rider** 

The TFA is the greater of:

• 10% of the contract value on the prior contract anniversary\*; or

• current contract earnings, which includes any purchase payment credits.

**Contracts with GWB for Life rider or *SecureSource* rider** 

The TFA is the greatest of:

• 10% of the contract value on the prior contract anniversary\*;

• current contract earnings, which includes any purchase payment credits;

• the Remaining Benefit Payment; or

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 29

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• the Remaining Annual Lifetime Payment.

\*

We consider all purchase payments received and any purchase payment credit applied prior to Your surrender request to be the prior contract anniversary's contract value during the first contract year.

**NOTE:** We determine current contract earnings by looking at the entire contract value, not the earnings of any particular subaccount, GPA, the regular fixed account or the Special DCA fixed account.

Amounts surrendered in excess of the TFA may be subject to a surrender charge as described below.

**<u>Surrender charge under RAVA 4 Advantage:</u>** <br>For purposes of calculating any surrender charge under RAVA 4 Advantage, We treat amounts surrendered from Your contract value in the following order:

1. First, We surrender the TFA. We do not assess a surrender charge on the TFA.

2. Next, We surrender purchase payments received prior to the surrender charge period You selected and shown in Your contract. We do not assess a surrender charge on these purchase payments.

3. Finally, if necessary, We surrender purchase payments received that are still within the surrender charge period You selected and shown in Your contract. We surrender these payments on a first-in, first-out (FIFO) basis. We do assess a surrender charge on these payments.

We determine Your surrender charge by multiplying each of Your payments surrendered by the applicable surrender charge percentage, and then adding the total surrender charges.

The surrender charge percentage depends on the number of years since you made the payments that are surrendered, depending on the schedule you selected\*:

---

| | | | |
|:---|:---|:---|:---|
| **Ten-year schedule\*** | **Ten-year schedule\*** | **Seven-year schedule** | **Seven-year schedule** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Number of completed years from**<br> **date of each purchase payment\*\***<br>| &nbsp;&nbsp; **Surrender charge** <br> **percentage**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Number of completed years from**<br> **date of each purchase payment\*\***<br>| &nbsp;&nbsp; **Surrender charge** <br> **percentage**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 8<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7<br> %<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7<br> +<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10<br> +<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0 |  |  |

---

\*

In Alaska, Arizona, Colorado (effective 8-17-07), Connecticut, Georgia (effective 11-10-06), Hawaii, Illinois, Iowa, Michigan (effective 8-17-07), Minnesota, Mississippi, Montana, New Jersey (effective 8-17-07), North Carolina, Oregon, Texas (effective 6-1-10), Utah and Washington the ten-year surrender charge schedule is 8% for years 0-2, 7% for year 3 and declining by 1% each year thereafter until it is 0% for years 10+. In Colorado, Georgia, Michigan, New Jersey and Texas contracts issued before the effective dates listed above follow the ten-year surrender charge schedule in the table above. For contracts issued in Alabama and Massachusetts, surrender charges are waived after the tenth contract anniversary for all payments regardless of when payments are made. Please see your contract for the surrender charge schedule applicable to you.

\*\*

According to our current administrative practice, for the purpose of surrender charge calculation, we consider that the year is completed fourteen days prior to the anniversary of the day each purchase payment was received.

**<u>Surrender charge under RAVA 4 Select (except Texas):</u>** <br>For purposes of calculating any surrender charge under RAVA 4 Select, we treat amounts surrendered from your contract value in the following order:

1. First, we surrender the TFA. We do not assess a surrender charge on the TFA.

2. Next, if necessary, we surrender purchase payments. We do assess a surrender charge on these payments during the first three contract years as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Contract year\*\*\*** | **Surrender charge percentage** |
| 1 | &nbsp;&nbsp;&nbsp;&nbsp; 7<br> %<br>|
| 2 | &nbsp;&nbsp;&nbsp;&nbsp; 7 |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp; 7 |
| Thereafter | &nbsp;&nbsp;&nbsp;&nbsp; 0 |

---

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30 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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**<u>Surrender charge under RAVA 4 Select in Texas:</u>** <br>For purposes of calculating any surrender charge under RAVA 4 Select in Texas, we treat amounts surrendered from your contract value in the following order:

1. First, we surrender the TFA. We do not assess a surrender charge on the TFA.

2. Next, if necessary, we surrender purchase payments. We surrender amounts from the oldest purchase payments first. We do assess a surrender charge on these payments during the first three contract years as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Number of completed years** <br> **from date of each purchase payment\*\*\***<br>| **Surrender charge percentage** |
| 0 | &nbsp;&nbsp;&nbsp;&nbsp; 8<br> %<br>|
| 1 | &nbsp;&nbsp;&nbsp;&nbsp; 7 |
| 2 | &nbsp;&nbsp;&nbsp;&nbsp; 6 |
| Thereafter | &nbsp;&nbsp;&nbsp;&nbsp; 0 |

---

3. There are no surrender charges after the third contract anniversary.

\*\*\*

According to our current administrative practice, for the purpose of surrender charge calculation, we consider that the year is completed one day prior to the contract anniversary.

**<u>Surrender charge under RAVA 4 Access:</u>** <br>There is no surrender charge if you surrender all or part of your contract.

**<u>Partial surrenders:</u>** 

For a partial surrender that is subject to a surrender charge, the amount we actually deduct from your contract value will be the amount you request plus any applicable surrender charge, plus or minus any applicable MVA.

For an example, see Appendix C.

**Liquidation charge under Variable Annuity Payout Plan E — Payouts for a specified period:** Under this annuity payout plan, you can choose to surrender those payments. The amount that you can surrender is the present value of any remaining variable payouts. The discount rate we use in the calculation will be 5.17% if the assumed investment return is 3.5% and 6.67% if the assumed investment return is 5%. The liquidation charge equals the present value of the remaining payouts using the assumed investment return minus the present value of the remaining payouts using the discount rate.

**Fixed Payouts: Surrender charge under annuity payout plans allowing surrenders of the present value of remaining guaranteed payouts:** If you elect an annuity payout plan and the plan we make available provides a liquidity feature permitting you to surrender any portion of the underlying value of remaining guaranteed payouts, a surrender charge may apply.

A surrender charge will be assessed against the present value of any remaining guaranteed payouts surrendered. The discount rate we use in determining present values varies based on: (1) the contract value originally applied to the fixed annuitization; (2) the remaining years of guaranteed payouts; (3) the annual effective interest rate and periodic payment amount for new immediate annuities of the same duration as the remaining years of guaranteed payouts; and (4) the interest spread (currently 1.50%). If we do not currently offer immediate annuities, we will use rates and values applicable to new annuitizations to determine the discount rate.

Once the discount rate is applied and we have determined the present value of the remaining guaranteed payouts you are surrendering, the present value determined will be multiplied by the surrender charge percentage in the table below and deducted from the present value to determine the net present value you will receive.

---

| | |
|:---|:---|
| **Number of Completed Years Since Annuitization** | **Surrender charge percentage** |
| 0 | Not applicable\* |
| 1 | 5% |
| 2 | 4 |
| 3 | 3 |
| 4 | 2 |
| 5 | 1 |
| 6 and thereafter | 0 |

---

\*

We do not permit surrenders in the first year after annuitization.

We will provide a quoted present value (which includes the deduction of any surrender charge). You must then formally elect, in a form acceptable to us, to receive this value. The remaining guaranteed payouts following surrender will be reduced, possibly to zero.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 31

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**Waiver of surrender charges** 

We do not assess surrender charges for:

• surrenders of any contract earnings;

• surrenders of amounts totaling up to 10% of the contract value on the prior contract anniversary to the extent it exceeds contract earnings;

• if you elected the GWB for Life rider or SecureSource rider, the greater of your contract's Remaining Benefit Payment or Remaining Annual Lifetime Payment to the extent it exceeds the greater of contract earnings or 10% of the contract value on the prior contract anniversary;

• amounts surrendered after the tenth contract anniversary in Alabama and Massachusetts;

• to the extent that they exceed the greater of contract earnings or 10% of the contract value on the prior contract anniversary, required minimum distributions from a qualified annuity. The amount on which surrender charges are waived can be no greater than the RMD amount calculated under your specific contract currently in force;

• contracts settled using an annuity payout plan, unless an Annuity Payout Plan E is later surrendered;

• amounts we refund to you during the free look period;

• death benefits\*;

• surrenders you make under your contract's "Waiver of Surrender Charges for Hospital or Nursing Home Confinement" provision\*. To the extent permitted by state law, this provision applies when you are under age 76 on the date that we issue the contract. Under this provision, we will waive surrender charges that we normally assess upon full or partial surrender. You must provide proof satisfactory to us that, as of the date you request the surrender, you or your spouse are confined to a nursing home or hospital and have been for 60 straight days and the confinement began after the contract date. (See your contract for additional conditions and restrictions on this waiver.); and

• surrenders you make under your contract's "Waiver of Surrender Charges for Terminal Illness Disability Diagnosis" provision. To the extent permitted by state law, this provision applies when you are under age 76 on the date we issue the contract. Under this provision, we will waive surrender charges that we normally assess for surrenders you make if you or your spouse are diagnosed after the contract issue date as disabled with a medical condition that with reasonable medical certainty will result in death within 12 months or less from the date of a licensed physician's statement. You must provide us with a licensed physician's statement containing the terminal illness diagnosis and the date the terminal illness was initially diagnosed. (See your contract for additional conditions and restrictions on this waiver.)

\*

However, for contracts purchased before Oct. 5, 2008, we will reverse the unamortized portion of purchase payment credits credited within 12 months of a withdrawal under this provision. (See "Buying your contract — Purchase payment credits.")

**Other information on charges:** Ameriprise Financial, Inc. makes certain custodial services available to some profit sharing, money purchase and target benefit plans funded by our annuities. Fees for these services start at $30 per calendar year per participant. Ameriprise Financial, Inc. will charge a termination fee for owners under age 59½ (fee waived in case of death or disability).

**Possible group reductions:** In some cases we may incur lower sales and administrative expenses due to the size of the group, the average contribution and the use of group enrollment procedures. In such cases, we may be able to reduce or eliminate certain charges such as the contract administrative and surrender charges. However, we expect this to occur infrequently.

Annual Contract Expenses

Base Contract Expenses

Base Contract expenses consist of the contract administrative charge and mortality and expense risk fee.

Contract Administrative Charge

We charge this fee for establishing and maintaining your records. Currently, we deduct $50\* from your contract value on your contract anniversary or, if earlier, when the contract is fully surrendered. Subject to state regulatory requirements, we prorate this charge among the subaccounts and the regular fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA fixed account. The contract administrative charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts.

We will waive this charge when your contract value, or total purchase payments less any payments surrendered, is $50,000 or more on the current contract anniversary. However, we reserve the right to charge up to $20 after the first contract anniversary for these contracts.

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32 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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If you surrender your contract, we will deduct the full charge at the time of surrender regardless of the contract value or purchase payments made. This charge does not apply after annuity payouts begin or when we pay death benefits.

\*\* Prior to May 4, 2020, the annual contract administrative charge was $30.

Mortality and Expense Risk Fee

We charge this fee daily to the Subaccounts as a percentage of the daily contract value in the Variable Account. The unit values of your Subaccounts reflect this fee. These fees cover the mortality and expense risk that we assume. These fees do not apply to the GPAs or the Fixed Account. The fees listed below are the current fees and they cannot be changed.

---

| | |
|:---|:---|
| **RAVA 4 Advantage**<br> for nonqualified annuities<br>| **Current/Maximum:** 1.05% |
| **RAVA 4 Advantage**<br> for qualified annuities<br>| **Current/Maximum:** 0.85% |
| **RAVA 4 Select**<br> for nonqualified annuities<br>| **Current/Maximum:** 1.30%  |
| **RAVA 4 Select**<br> for qualified annuities<br>| **Current/Maximum:** 1.10% |
| **RAVA 4 Access**<br> for nonqualified annuities<br>| **Current/Maximum:** 1.45% |
| **RAVA 4 Access**<br> for qualified annuities<br>| **Current/Maximum:** 1.25% |

---

This fee covers the mortality and expense risk that we assume. This fee does not apply to the GPAs, the regular fixed account or the Special DCA fixed account.

Mortality risk arises because of our guarantee to pay a death benefit and our guarantee to make annuity payouts according to the terms of the contract, no matter how long a specific owner or annuitant lives and no matter how long our entire group of owners or annuitants lives. If, as a group, owners or annuitants outlive the life expectancy we assumed in our actuarial tables, we must take money from our general assets to meet our obligations. If, as a group, owners or annuitants do not live as long as expected, we could profit from the mortality risk fee. We deduct the mortality risk fee from the subaccounts during the annuity payout period even if the annuity payout plan does not involve a life contingency.

Expense risk arises because we cannot increase the contract administrative charge and this charge may not cover our expenses. We would have to make up any deficit from our general assets. We could profit from the expense risk fee if future expenses are less than expected.

The subaccounts pay us the mortality and expense risk fee they accrued as follows:

• first, to the extent possible, the subaccounts pay this fee from any dividends distributed from the funds in which they invest;

• then, if necessary, the funds redeem shares to cover any remaining fees payable.

We may use any profits we realize from the subaccounts' payment to us of the mortality and expense risk fee for any proper corporate purpose, including, among others, payment of distribution (selling) expenses. We do not expect that the surrender charge for RAVA 4 Advantage or RAVA 4 Select, discussed in the following paragraphs, will cover sales and distribution expenses.

Adjustments

Market Value Adjustments <br>

We guarantee the contract value allocated to the GPAs, including interest credited, if you do not make any transfers or surrenders from the GPAs prior to 30 days before the end of the guarantee period. At all other times, and unless one of the exceptions described below applies, we will apply an MVA if you make certain transactions while you have contract value invested in a GPA. 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. <br>

No MVA will apply to:

• amounts surrendered under contract provisions that waive surrender charges for Hospital or Nursing Home Confinement and Terminal Illness Diagnosis; and

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 33

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• amounts deducted for fees and charges.

The application of an MVA may result in either a gain or loss. You could lose up to 100% of the amount surrendered as a result of a negative MVA. Under certain death benefits, the value of the death benefit is reduced proportionally when you take a partial surrender based on the percentage of contract value that is withdrawn. If you request a partial surrender from the GPAs that will give you the net amount you requested after we apply any applicable MVA and surrender charge, the MVA could increase or decrease the percentage of contract value that is withdrawn. *In these circumstances, a negative MVA would increase the impact of a partial surrender on the value of the death benefit.* 

When you request an early surrender, we adjust the early surrender amount by an MVA formula. The MVA is sensitive to changes in current interest rates. The MVA, which can be zero, positive or negative, reflects the relationship between the guaranteed interest rate that applies to the GPA from which you are taking an early surrender and the interest rate we are then currently crediting on new GPAs that mature at the same time. The magnitude of any applicable MVA will depend on the difference in these current guaranteed interest rates at the time of the early surrender corresponding to the time remaining in your guarantee period and your guaranteed interest rate. If interest rates have increased, the MVA will generally be negative and the early surrender amount will be less; if interest rates have decreased, the MVA will generally be positive and the early surrender amount will be increased. This is summarized in the following table:

---

| | |
|:---|:---|
| **If your GPA rate is:** | **The MVA is:** |
| Less than the new GPA rate + 0.10% | Negative |
| Equal to the new GPA rate + 0.10% | Zero |
| Greater than the new GPA rate + 0.10% | Positive |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The precise MVA formula we apply is as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Early surrender amount** | **×** | [ | ( | **1 + i**<br><sup>(n/12)</sup> | **–1** | ] | **=** | **MVA** |
| **Early surrender amount** | **×** | [ | ( | **1 + j + .001**<br><sup>(n/12)</sup> | **–1** | ] | **=** | **MVA** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Where i | = | rate earned in the GPA from which amounts are being transferred or surrendered. |
| j | = | current rate for a new Guaranteed Period equal to the remaining term in the current Guarantee Period <br> (rounded up to the next year).<br>|
| n | = | number of months remaining in the current Guarantee Period (rounded up to the next month). |

---

Surrender charges and other charges applicable to your contract and optional benefit riders you have elected may also apply to an early surrender. As noted above, we do not apply MVAs to the amounts we deduct for fees and charges, including surrender charges. We will deduct any applicable surrender charge from your early surrender after applying the MVA. Please note that when you request an early surrender, we surrender an amount from your GPA that will give you the net amount you requested after we apply the MVA and any applicable surrender charge, unless you request otherwise.

Contact our Service Center at the number listed on the cover page of this prospectus for a quote of the impact an early surrender would have on your contract value. Values fluctuate daily and the actual MVA applied at the time an early surrender is processed may be more or less than the values quoted at the time of your call. Additional information about MVAs, including MVA examples, is located in the Statement of Additional Information ("SAI").

The MVA is intended to protect us from losses on the investments we hold to support our guaranteed interest rates when we must pay out amounts that are removed from the GPAs early.

Optional Benefit Charges

Optional Living Benefit Charges

*SecureSource Flex* Rider Fee

We deduct an annual charge for this optional feature only if you select it. The charge is calculated by multiplying the annual rider fee by the greater of the contract anniversary value or the total Remaining Benefit Amount (RBA). The current annual rider fees are as follows:

• *SecureSource Flex* – Single Life rider, 0.95%;

• *SecureSource Flex* – Joint Life rider, 1.10%.

We deduct the charge from your contract value on your contract anniversary. Remember, since the charge is taken on a contract anniversary all purchase payments received during the preceding calendar year will increase your charge. This is especially important to consider when you make purchase payments near your contract anniversary because the amount these payments increase your contract value will result in an increase rider anniversary charge even though

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34 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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purchase payment was applied close to your contract anniversary. We prorate this charge among the regular fixed account and the subaccounts in the same proportion as your interest in each bears to your total contract value, less any amounts invested in GPAs or any Special DCA account. Such charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available from the regular fixed account and variable subaccounts.

We will modify this prorated approach to comply with state regulations where necessary.

Once you elect the *SecureSource Flex* rider, you may not cancel it (except as described below), and the charge will continue to be deducted until the contract or rider is terminated, or the contract value reduces to zero. If the contract or rider is terminated for any reason, we will deduct the charge adjusted for the number of calendar days coverage was in place since we last deducted the charge. If the RBA reduces to zero but the contract value has not been depleted, you will continue to be charged.

Currently the *SecureSource Flex* rider fee does not vary with the investment option selected; however, we reserve the right to vary the rider fee for each investment option. The *SecureSource Flex* – Single Life rider fee will not exceed a maximum fee of 2.00%. The *SecureSource Flex* – Joint Life rider fee will not exceed a maximum fee of 2.50 %.

The following describes how your annual rider fee may increase:

1. We may increase the annual rider fee at our discretion and on a nondiscriminatory basis. Your annual rider fee will increase if we declare an increase to the fee with written notice 30 days in advance except as described below. The new fee will be in effect on the date we declare in the written notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) You can decline this increase and therefore all future fee increases if we receive your written request prior to the date of the fee increase, in which case you permanently relinquish:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all future annual step-ups, and for the Joint Life rider, spousal continuation step-ups,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any ability to make additional purchase payments,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the ability to change your PN program investment option to one that is more aggressive than your current investment option. Any change to a less aggressive investment option will further limit the investment options available to the then current and less aggressive investment options.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) You can terminate this rider if your annual rider fee after any increase is more than 0.25 percentage points higher than your fee before the increase and if we receive your written request to terminate the rider prior to the date of the fee increase.

2. Your annual rider fee may increase if you elect to change to a more aggressive PN program investment option and if the new investment option has a higher current annual rider fee. The annual rider fees associated with the available PN program investment options may change at our discretion, however these changes will not apply to this rider unless you change your current investment option to a more aggressive investment option. The new fee will be in effect on the valuation date we receive your written request to change your investment option. You cannot decline this type of fee increase. To avoid it, you must stay in the same investment option or move to a less aggressive one. Also, this type of fee increase does not allow you to terminate the rider.

If the rider fee changes during the contract year, we will calculate an average rider fee, for that contract year only, that reflects the various different fees that were in effect for that year, adjusted for the number of calendar days each fee was in effect.

The charge does not apply after you annuitize your contract and annuity payouts begin.

Accumulation Benefit Rider Fee

We deduct an annual charge from your contract value based on the greater of your contract value or the minimum contract accumulation value on your contract anniversary for this optional benefit only if you select it. See table below for the applicable percentage.

We prorate this charge among the subaccounts and the regular, fixed account (if applicable) in the same proportion as your interest in each bears to your total contract value, less any amounts invested in the Special DCA fixed account. Such charge is only deducted from any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. The charge will only be deducted from the subaccounts in Washington. We will modify this prorated approach to comply with state regulations where necessary.

Once you elect the Accumulation Benefit rider, you may not cancel it and the charge will continue to be deducted through the end of the waiting period or when annuity payouts begin. If the contract is terminated for any reason or when annuity payouts begin, we will deduct the charge, adjusted for the number of calendar days coverage was in place since we last deducted the charge.

The Accumulation Benefit rider fee will not exceed a maximum fee of 2.50%.

We may change the rider fee at our discretion and on a nondiscriminatory basis.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 35

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We will not change the Accumulation Benefit rider fee in effect on your contract after the rider effective date unless:

(a) you choose the annual elective step-up or elective spousal continuation step-up after we have exercised our rights to increase the rider fee; or

(b) you change your PN program investment option after we have exercised our rights to increase the rider fee or vary the rider fee for each PN program investment option.

We exercised our right to increase the rider fee upon elective step-up or elective spousal continuation step-up and vary the fee depending on whether your contract value is invested in one of the Portfolio Navigator or Portfolio Stabilizer funds at the time of the elective step-up or spousal continuation step-up. You will pay the fee that is in effect on the valuation date we receive your written request to step-up. Currently, we waive our right to increase the fee for investment option changes. There is no assurance that we will not exercise our right in the future.

If you request an elective step-up (including elective spousal continuation step-up) requests, 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.

---

| | | |
|:---|:---|:---|
| **Contract purchase date** | **Maximum** <br> **annual rider fee**<br>| **Initial annual rider fee**<br> **and annual rider fee for** <br> **elective step-ups before**<br> **10/20/2012**<br>|
| Prior to 1/26/2009 | 2.50% | 0.60% |
| 01/26/2009 – 05/31/2009 | 2.50% | 0.80% |
| 11/09/2009 – 10/03/2010 | 2.50% | 1.25% |
| 10/04/2010 and later | 2.50% | 1.50% |

---

Current annual rider fees for elective step-up (including elective spousal continuation step-up) requests on/after 10/20/2012 are shown in the table below.

---

| | | |
|:---|:---|:---|
| **Elective step up date:** | **If invested in Portfolio Navigator fund** <br> **at the time of step-up:**<br>| **If invested in Portfolio Stabilizer fund** <br> **at the time of step-up:**<br>|
| 10/20/2012 – 11/17/2013 | 1.75% | n/a |
| 11/18/2013 – 10/17/2014 | 1.75% | 1.30% |
| 10/18/2014 – 06/30/2016 | 1.60% | 1.00% |
| 07/01/2016 – 10/15/2018 | 1.75% | 1.30% |
| 10/16/2018 – 12/29/2019 | 1.40% | 1.00% |
| 12/30/2019 – 07/20/2020 | 1.55% | 1.15% |
| 07/21/2020 and later | 2.50% | 2.25% |

---

(Charged annually as a percentage of contract value or the Minimum Contract Accumulation Value, whichever is greater. The fee applies only if you elect the optional rider.)

If your annual rider fee changes during the contract year, on the next contract anniversary we will calculate an average rider fee that reflects the various different fees that were in effect that year, adjusted for the number of calendar days each fee was in effect.

Subject to the terms of your contract, we reserve the right to further increase the rider fees to the maximum limit provided by your rider and to vary the rider fees based on the fund you select.

**The automatic step-up option available under your rider will not impact your rider fee.** 

Please see the "Optional Living Benefits — Accumulation Benefit Rider" section for a full description and rules applicable to elective and automatic step-up options under your rider.

The charge does not apply after annuity payouts begin.

GWB for Life Rider Fee

We deduct a charge for this optional feature only if you select it. The initial annual rider fee is 0.65%. The charge is calculated by multiplying the annual rider fee by the greater of the contract anniversary value or the Remaining Benefit Amount (RBA). Remember, since the charge is taken on a contract anniversary *<u>all</u>* purchase payments received during the preceding calendar year will increase your charge. This is especially important to consider when you make purchase payments near your contract anniversary because the payment amount increases your contract value and will result in an increased rider anniversary charge.

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36 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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We prorate this charge among the subaccounts and the regular fixed account (if applicable) in the same proportion as your interest in each bears to your total contract value, less any amounts invested in the GPAs and in the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. The charge will only be deducted from the subaccounts in Washington. We will modify this prorated approach to comply with state regulations where necessary.

Once you elect the GWB for Life rider, you may not cancel it and the fee will continue to be deducted until the contract is terminated, the contract value reduces to zero or annuity payouts begin. If the contract is terminated for any reason or when annuity payouts begin, we will deduct the fee, adjusted for the number of calendar days coverage was in place since we last deducted the fee. If the RBA goes to zero but the contract value has not been depleted, you will continue to be charged.

The GWB for Life rider fee will not exceed a maximum fee of 1.50%.

We may increase the rider fee at our discretion and on a nondiscriminatory basis.

We will not change the GWB for Life rider fee in effect on your contract after the rider effective date unless:

(a) you choose the annual elective step-up or the elective spousal continuation step-up after we have exercised our rights to increase the rider fee; or

(b) you elect to change your PN program investment option after we have exercised our rights to increase and/or vary the rider fee for each investment option.

Effective Dec. 18, 2013, we exercised our right to increase the rider fee and vary the fee depending on the fund to which your contract value is invested. Beginning Dec. 18, 2013, if you:

• request an elective step-up or the elective spousal continuation step-up, or

• move to a Portfolio Navigator fund that is more aggressive than the Portfolio Navigator fund you are currently allocated to, the fee that will apply to your rider will correspond to the fund in which you are currently invested as shown in the table below.

If you move to a Portfolio Navigator fund that is less aggressive than the Portfolio Navigator fund you are currently allocated to, your fee will not increase and may decrease according to the table below.

---

| | | | |
|:---|:---|:---|:---|
| **Fund name** | **Maximum annual rider fee** | **Initial annual rider fee** <br> **and fee for elective step-ups** <br> **before 12/18/13**<br>| **Current rider fee for** <br> **elective step-ups** <br> **on or after 12/18/13**<br>|
| **Portfolio Stabilizer funds** | 1.50<br> %<br>| 0.65<br> %<br>| 0.65<br> %<br>|
| **Portfolio Navigator funds:** |  |  |  |
| Variable Portfolio – Conservative Portfolio (Class 2), <br> (Class 4)<br>| 1.50<br> %<br>| 0.65<br> %<br>| 0.65<br> %<br>|
| Variable Portfolio – Moderately Conservative Portfolio <br> (Class 2), (Class 4)<br>| 1.50<br> %<br>| 0.65<br> %<br>| 0.65<br> %<br>|
| Variable Portfolio – Moderate Portfolio (Class 2), (Class 4) | 1.50<br> %<br>| 0.65<br> %<br>| 0.65<br> %<br>|
| Variable Portfolio – Moderately Aggressive Portfolio <br> (Class 2), (Class 4)<br>| 1.50<br> %<br>| 0.65<br> %<br>| 0.95<br> %<br>|
| Variable Portfolio – Aggressive Portfolio (Class 2), (Class 4) | 1.50<br> %<br>| 0.65<br> %<br>| 1.10<br> %<br>|

---

On your next contract anniversary, if your contract value is allocated to a fund subject to a fee increase, you will have 30 days following the anniversary to choose from the following:

1. Remain invested in your current Portfolio Navigator fund and elect to step-up (when available) and lock in your contract gains. If you make this decision, your rider fee will increase.

2. Move to one of the Portfolio Stabilizer funds. If you do this, your rider fee will not increase, but remember that you will lose your access to invest in the Portfolio Navigator funds.

3. Do not elect a step-up, if eligible. You will not lock in contract gains, but your rider fee will stay the same.

4. If you are invested in the Variable Portfolio – Aggressive Portfolio or the Variable Portfolio – Moderately Aggressive Portfolio: move to a less aggressive Portfolio Navigator fund that is not subject to a fee increase. If you do this, your rider fee will not increase.

During the 30 days following your contract anniversary, if your contract value is allocated to a fund subject to a fee increase, we will automatically process any available step-up and lock in any contract gains, as well as reactivate automatic step-ups, under the following circumstances:

(1) transfers of contract value to a Portfolio Stabilizer fund, a less aggressive Portfolio Navigator fund that is not subject to a fee increase, or to a more aggressive Portfolio Navigator fund; or

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 37

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(2) a withdrawal occurs resulting in your contract value automatically being moved as of the date of the withdrawal to the Portfolio Navigator Moderate fund.

The step-up and lock in of any contract gains will occur as of the date of the transfer or withdrawal described above.

Rider fees may increase or decrease as you move to various funds. Your fee will increase if you transfer your contract value to a more aggressive Portfolio Navigator fund with a higher fee. If you transfer to a less aggressive Portfolio Navigator fund or transfer to a Portfolio Stabilizer fund, your fee may decrease. Certain rider fees may not change depending on the fund in which your contract value is allocated.

We will notify you in writing about your opportunity to elect to step-up (if eligible) and incur the higher rider fee or maintain your guaranteed amount at its current level and keep your rider fee the same. If you are subject to a fee increase, you will receive a letter from us approximately 30 days before your next annuity contract anniversary. This letter will describe the potential opportunity to elect a step-up to increase your guaranteed income and how to make the election if eligible. You will have a 30 day period beginning on your next contract anniversary to choose whether to step-up and accept the fee increase. The step-up and new fee will be effective on the date we receive your request for the step-up (Step-up date). For purposes of determining the duration of the "30 day window" following your contract anniversary to elect to step-up or to transfer funds to lock in any available contract gains, the following will apply:

(1) the duration of your window is determined on a calendar day basis;

(2) under our current administrative process we will accept your request on the 31st calendar day if we receive it prior to the close of the NYSE; and

(3) if your window ends on a day the NYSE is closed, we must receive your request no later than the close of the NYSE on the preceding Valuation Date.

Each year, we will continue to provide you written notice of your options with respect to elective step-ups and the fee increase until you are no longer subject to a fee increase. Once you have taken action that results in a higher fee, you will become eligible for automatic step-ups under the rider.

**Before you elect a step-up resulting in an increased rider fee, you should carefully consider the benefit of the contract value gains you are locking-in and the increased rider fee compared to your other options including whether it is appropriate to consider moving to a fund with a lower corresponding rider fee.** 

Subject to the terms of your contract, we reserve the right to further increase the rider fee up to the maximum limit provided by your rider. Currently, the rider fee does not vary among the Portfolio Stabilizer funds, but we reserve the right to vary the fees among the Portfolio Stabilizer funds in the future.

If you choose the elective step-up, the elective spousal continuation step-up, or change your investment option after we have exercised our rights to increase the rider fee as described above, you will pay the fee that is in effect on the valuation date we receive your written request to step-up or change your investment option. On the next contract anniversary, we will calculate an average fee, for the preceding contract year only, that reflects the various different charges that were in effect that year, adjusted for the number of calendar days each fee was in effect.

The charge does not apply after annuity payouts begin.

For an example of how your fee will vary upon elective step-up or spousal continuation step-up, please see Appendix H.

*SecureSource* Rider Fee

We deduct a charge based on the greater of the contract anniversary value or the total Remaining Benefit Amount (RBA)<sup>(1)</sup> for this optional feature only if you select it as follows:

---

| | | |
|:---|:---|:---|
| **Contract purchase date** | **Maximum annual rider fee** | **Initial annual rider fee** |
| prior to 1/26/2009, Single Life | 1.50<br> %<br>| 0.65<br> %<br>|
| prior to 1/26/2009, Joint Life | 1.75<br> %<br>| 0.85<br> %<br>|
| 1/26/2009 and later, Single Life | 2.00<br> %<br>| 0.90<br> %<br>|
| 1/26/2009 and later, Joint Life | 2.50<br> %<br>| 1.15<br> %<br>|

---

We deduct the charge from your contract value on your contract anniversary. Remember, since the charge is taken on a contract anniversary all purchase payments received during the preceding calendar year will increase your charge. This is especially important to consider when you make purchase payments near your contract anniversary because the payment amount increases your contract value and will result in an increased rider anniversary charge. We prorate this charge among the subaccounts and the regular fixed account (if applicable) in the same proportion as your interest in each bears to your total contract value, less any amounts invested in the GPAs and in the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. The charge will only be deducted from the subaccounts in Washington. We will modify this approach to comply with state regulations where necessary.

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38 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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Once you elect the *SecureSource* rider, you may not cancel it and the fee will continue to be deducted until the contract or rider is terminated, or the contract value reduces to zero. If the contract or rider is terminated for any reason, we will deduct the fee, adjusted for the number of calendar days coverage was in place since we last deducted the fee. If the RBA reduces to zero but the contract value has not been depleted, you will continue to be charged.

We may increase the rider fee at our discretion and on a nondiscriminatory basis. However, the rider fee will not exceed the maximum fee as shown in the table above.

We will not change the *SecureSource* rider fee in effect on your contract after the rider effective date unless:

(a) you choose the annual elective step up or elective spousal continuation step up after we have exercised our rights to increase the rider fee; or

(b) you elect to change your PN program investment option after we have exercised our rights to increase and/or vary the rider fee for each investment option.

Effective Dec. 18, 2013, we exercised our right to increase the rider fee and vary the fee depending on the fund to which your contract value is invested. Beginning Dec. 18, 2013, if you:

• request an elective step up or the elective spousal continuation step up, or

• move to a Portfolio Navigator fund that is more aggressive than the Portfolio Navigator fund you are currently allocated to,

the fee that will apply to your rider will correspond to the fund in which you are currently invested as shown in the table below.

If you move to a Portfolio Navigator fund that is less aggressive than the Portfolio Navigator fund you are currently allocated to, your fee will not increase and may decrease according to the table below.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Portfolio Navigator funds** | **Portfolio Navigator funds** | **Portfolio Navigator funds** | **Portfolio Navigator funds** | **Portfolio Navigator funds** | **Portfolio Navigator funds** |
| <br>**Contract purchase date** | **All Portfolio**<br> **Stabilizer** <br> **funds**<br>| **Variable**<br> **Portfolio –**<br> **Conservative**<br> **Portfolio**<br> **(Class 2),**<br> **(Class 4)**<br>| **Variable** <br> **Portfolio –** <br> **Moderately** <br> **Conservative** <br> **Portfolio**<br> **(Class 2),**<br> **(Class 4)**<br>| **Variable** <br> **Portfolio –** <br> **Moderate** <br> **Portfolio**<br> **(Class 2),**<br> **(Class 4)**<br>| **Variable** <br> **Portfolio –** <br> **Moderately** <br> **Aggressive** <br> **Portfolio**<br> **(Class 2),**<br> **(Class 4)**<br>| **Variable** <br> **Portfolio –** <br> **Aggressive** <br> **Portfolio**<br> **(Class 2),**<br> **(Class 4)**<br>|
| prior to 1/26/2009, Single Life | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp; 1.00% |
| prior to 1/26/2009, Joint Life | &nbsp;&nbsp;&nbsp; 0.85% | &nbsp;&nbsp;&nbsp; 0.85% | &nbsp;&nbsp;&nbsp; 0.85% | &nbsp;&nbsp;&nbsp; 0.85% | &nbsp;&nbsp;&nbsp; 1.10% | &nbsp;&nbsp;&nbsp; 1.20% |
| 1/26/2009 and later, Single Life | &nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp; 1.00% | &nbsp;&nbsp;&nbsp; 1.10% |
| 1/26/2009 and later, Joint Life | &nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp; 1.25% | &nbsp;&nbsp;&nbsp; 1.35% |

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On your next contract anniversary, if your contract value is allocated to a fund subject to a fee increase, you will have 30 days following the anniversary to choose from the following:

1. Remain invested in your current Portfolio Navigator fund and elect to step up (when available) and lock in your contract gains. If you make this decision, your rider fee will increase.

2. Move to one of the Portfolio Stabilizer funds. If you do this, your rider fee will not increase, but remember that you will lose your access to invest in the Portfolio Navigator funds.

3. Do not elect a step up. You will not lock in contract gains, but your rider fee will stay the same.

4. If you are invested in the Variable Portfolio — Aggressive Portfolio or the Variable Portfolio — Moderately Aggressive Portfolio: move to a less aggressive Portfolio Navigator fund that is not subject to a fee increase. If you do this, your rider fee will not increase.

During the 30 days following your contract anniversary, if your contract value is allocated to a fund subject to a fee increase, we will automatically process any available step up and lock in any contract gains, as well as reactivate automatic step ups, under the following circumstances:

(1) transfers of contract value to a Portfolio Stabilizer fund, a less aggressive Portfolio Navigator fund that is not subject to a fee increase, or to a more aggressive Portfolio Navigator fund; or

(2) a withdrawal occurs resulting in your contract value automatically being moved as of the date of the withdrawal to the Portfolio Navigator Moderate fund.

The step up and lock in of any contract gains will occur as of the date of the transfer or withdrawal described above.

Rider fees may increase or decrease as you move to various funds. Your fee will increase if you transfer your contract value to a more aggressive Portfolio Navigator fund with a higher fee. If you transfer to a less aggressive Portfolio Navigator fund or transfer to a Portfolio Stabilizer fund, your fee may decrease. Certain rider fees may not change depending on the fund in which your contract value is allocated.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 39

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We will notify you in writing about your opportunity to elect to step up (if eligible) and incur the higher rider fee or maintain your guaranteed amount at its current level and keep your rider fee the same. If you are subject to a fee increase, you will receive a letter from us approximately 30 days before your next annuity contract anniversary. This letter will describe the potential opportunity to elect a step up to increase your guaranteed income and how to make the election (if eligible). You will have a 30 day period beginning on your next contract anniversary to choose whether to step up and accept the fee increase. The Step up and new fee will be effective on the date we receive your request for the step up (Step up date). For purposes of determining the duration of the "30 day window" following your contract anniversary to elect to step up or to transfer funds to lock in any available contract gains, the following will apply:

(1) the duration of your window is determined on a calendar day basis;

(2) under our current administrative process we will accept your request on the 31st calendar day if we receive it prior to the close of the NYSE; and

(3) if your window ends on a day the NYSE is closed, we must receive your request no later than the close of the NYSE on the preceding Valuation Date.

Each year, we will continue to provide you written notice of your options with respect to elective step ups and the fee increase until you are no longer subject to a fee increase. Once you have taken action that results in a higher fee, you will become eligible for automatic step ups under the rider.

**Before you elect a step up resulting in an increased rider fee, you should carefully consider the benefit of the contract value gains you are locking-in and the increased rider fee compared to your other options including whether it is appropriate to consider moving to a fund with a lower corresponding rider fee.** 

Subject to the terms of your contract, we reserve the right to further increase the rider fee up to the maximum limit provided by your rider. Currently, the rider fee does not vary among the Portfolio Stabilizer funds, but we reserve the right to vary the fees among the Portfolio Stabilizer funds in the future.

If you choose the elective step up, the elective spousal continuation step up, or change your investment option after we have exercised our rights to increase the rider fee as described above, you will pay the fee that is in effect on the valuation date we receive your written request to step up or change your investment option. On the next contract anniversary, we will calculate an average rider fee, for the preceding contract year only, that reflects the various different charges that were in effect that year, adjusted for the number of calendar days each fee was in effect.

The charge does not apply after annuity payouts begin.

For an example of how your fee will vary upon elective step up or spousal continuation step up, please see Appendix H.

<sup>(1)</sup>

In Washington, the fee is based on the greater of the variable account contract value or the RBA less amounts invested in the fixed account.

Optional Death Benefit Charges

ROPP Rider Fee

We deduct a charge for this optional feature only if you select it.<sup>(1)</sup> If selected, we deduct an annual charge of 0.20% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and regular fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. In this case, we prorate the fee among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.30%.

If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year.

<sup>(1)</sup>

Available if you are 76 or older at the rider effective date. ROPP is included in the standard death benefit if you are age 75 or younger on the contract effective date at no additional cost.

MAV Rider Fee

We deduct a charge for this optional feature only if you select it.<sup>(1)</sup> If selected, we deduct an annual charge of 0.25% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and regular fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. In this case, we prorate the fee among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.35%.

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40 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year.

<sup>(1)</sup>

Available if you are 75 or younger at the rider effective date. Not available with the 5-Year MAV.

5-Year MAV Rider Fee

We deduct a charge for this optional feature only if you select it.<sup>(1)</sup> If selected, we deduct an annual charge of 0.10% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and regular fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. In this case, we prorate the fee among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.20%.

If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year.

<sup>(1)</sup>

Available if you are 75 or younger at the rider effective date. Not available with the MAV.

EEB Rider Fee

We deduct a charge for this optional feature only if you select it.<sup>(1)</sup> If selected, we deduct an annual charge of 0.30% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and regular fixed accounts in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. In this case, we prorate the fee among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.40%.

If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year.

<sup>(1)</sup>

Available if you are 75 or younger at the rider effective date. Not available with EEP. May not be available in all states.

EEP Rider Fee

We deduct a charge for this optional feature only if you select it.<sup>(1)</sup> If selected, we deduct an annual charge of 0.40% of your contract value on your contract anniversary at the end of each contract year. We prorate this fee among the subaccounts and regular fixed accounts in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. In this case, we prorate the fee among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.50%.

If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year.

<sup>(1)</sup>

Available if you are 75 or younger at the rider effective date. Not available with EEB. May not be available in all states. EEP is only available on contracts purchased through a direct transfer or exchange of another annuity or a life insurance policy.

Rider Combination Discount

A fee discount of 0.05% applies if you purchase the 5-Year MAV with either the EEB or EEP. A fee discount of 0.10% applies if you purchase the MAV with either the EEB or EEP.

Fund Fees and Expenses

There are deductions from and expenses paid out of the assets of the funds that are described in the prospectuses for those funds.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 41

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Premium Taxes

Certain state and local governments impose premium taxes on us (up to 3.5%). These taxes depend upon your state of residence or the state in which the contract was issued. Currently, we deduct any applicable premium tax when annuity payouts begin, but we reserve the right to deduct this tax at other times such as when you make purchase payments or when you make a full surrender from your contract.

Valuing Your Investment

We value your accounts as follows:

GPA

We value the amounts you allocate to the GPA directly in dollars. The GPA value equals:

• the sum of your purchase payments and purchase payment credits allocated to the GPA;

• plus any amounts transferred to the GPA from the regular fixed account or subaccounts;

• plus interest credited;

• minus any amounts transferred from the GPA to the regular fixed account or any subaccount;

• minus any amounts deducted for charges or surrenders; and/or

• minus any remaining portion of fees where the values of the regular fixed account and the subaccounts are insufficient to cover those fees.

The Regular Fixed Account

We value the amounts you allocate to the regular fixed account (not available for RAVA 4 Access contracts) directly in dollars. The regular fixed account value equals:

• the sum of your purchase payments and purchase payment credits and transfer amounts allocated to the regular fixed account (including any positive or negative MVA on amounts transferred from the GPAs);

• plus interest credited;

• minus the sum of amounts surrendered (including any applicable surrender charges) and amounts transferred out;

• minus any prorated portion of the contract administrative charge;

• minus any prorated portion of the ROPP rider fee (if selected);

• minus any prorated portion of the MAV rider fee (if selected);

• minus any prorated portion of the 5-Year MAV rider fee (if selected);

• minus any prorated portion of the EEB rider fee (if selected);

• minus any prorated portion of the EEP rider fee (if selected);

• minus any prorated portion of the Accumulation Benefit rider fee (if selected)\*;

• minus any prorated portion of the GWB for Life rider fee (if selected)\*;

• minus any prorated portion of the *SecureSource* rider fee (if selected)\* ; and

• minus any prorated portion of the *SecureSource Flex* rider fee (if selected)\*.

\*

The fee can only be deducted from the subaccounts in Washington.

The Special DCA Fixed Account

We value the amounts you allocate to the Special DCA fixed account directly in dollars. The Special DCA fixed account value equals:

• the sum of your purchase payments and purchase payment credits allocated to the Special DCA fixed account;

• plus interest credited;

• minus the sum of amounts surrendered (including any applicable surrender charges);

• minus amounts transferred out; and

• minus any remaining portion of fees where the values of the regular fixed account and the subaccounts are insufficient to cover those fees.

Subaccounts

We convert amounts you allocated to the subaccounts into accumulation units. Each time you make a purchase payment or transfer amounts into one of the subaccounts or we apply any purchase payment credits to a subaccount, we credit a certain number of accumulation units to your contract for that subaccount. Conversely, we subtract a certain

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42 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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number of accumulation units from your contract each time you take a partial surrender, transfer amounts out of a subaccount, or we assess a contract administrative charge, a surrender charge or charge for any optional riders with annual charges (if applicable).

The accumulation units are the true measure of investment value in each subaccount during the accumulation period. They are related to, but not the same as, the net asset value of the fund in which the subaccount invests. The dollar value of each accumulation unit can rise or fall daily depending on the variable account expenses, performance of the fund and on certain fund expenses. Here is how we calculate accumulation unit values:

**Number of units:** to calculate the number of accumulation units for a particular subaccount we divide your investment by the current accumulation unit value.

**Accumulation unit value:** the current accumulation unit value for each subaccount equals the last value times the subaccount's current net investment factor.

**We determine the net investment factor by:** 

• adding the fund's current net asset value per share, plus the per share amount of any accrued income or capital gain dividends to obtain a current adjusted net asset value per share; then

• dividing that sum by the previous adjusted net asset value per share; and

• subtracting the percentage factor representing the mortality and expense risk fee from the result.

Because the net asset value of the fund may fluctuate, the accumulation unit value may increase or decrease. You bear all the investment risk in a subaccount.

The accumulation unit value is multiplied by the number of accumulation units to determine the contract value in that subaccount.

**Factors that affect subaccount accumulation units:** accumulation units may change in two ways — in number and in value.

The number of accumulation units you own may fluctuate due to:

• additional purchase payments you allocate to the subaccounts;

• any purchase payment credits allocated to the subaccounts;

• transfers into or out of the subaccounts (including any positive or negative MVA on amounts transferred from the GPAs);

• partial surrenders;

• surrender charges;

and a deduction of a prorated portion of:

• the contract administrative charge;

• the ROPP rider charge (if selected);

• the MAV rider charge (if selected);

• the 5-Year MAV rider charge (if selected);

• the EEB rider charge (if selected);

• the EEP rider fee charge (if selected);

• the Accumulation Benefit rider charge (if selected);

• the GWB for Life rider charge (if selected);

• the *SecureSource* rider charge (if selected); or

• the *SecureSource Flex* rider charge (if selected).

Accumulation unit values will fluctuate due to:

• changes in fund net asset value;

• fund dividends distributed to the subaccounts;

• fund capital gains or losses;

• fund operating expenses; and/or

• mortality and expense risk fees.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 43

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Making the Most of Your Contract

Automated Dollar-Cost Averaging

Currently, you can use automated transfers to take advantage of dollar-cost averaging (investing a fixed amount at regular intervals). For example, you might transfer a set amount monthly from a relatively conservative subaccount to a more aggressive one, or from the regular fixed account to one or more subaccounts. Automated transfers from the regular fixed account to the subaccounts under automated dollar-cost averaging may not exceed an amount that, if continued, would deplete the regular fixed account within 12 months. You may not set up automated transfers to or from the GPAs. You may not set-up automated transfers to the regular fixed account or the Special DCA fixed account. You may not set up an automated transfer if the GWB for Life, *SecureSource*, Accumulation Benefit, or PN program is selected. There is no charge for dollar-cost averaging.

This systematic approach can help you benefit from fluctuations in accumulation unit values caused by fluctuations in the market values of the funds. Since you invest the same amount each period, you automatically acquire more units when the market value falls and fewer units when it rises. The potential effect is to lower your average cost per unit.

**How dollar-cost averaging works** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| By investing an equal number <br> of dollars each month<br>|  | **Month** | &nbsp;&nbsp;&nbsp;&nbsp; **Amount**<br> **invested**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Accumulation**<br> **unit value**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number**<br> **of units**<br> **purchased**<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Feb | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.56 |
| you automatically buy<br> more units when the<br> per unit market price is low |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mar | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.88 |
| you automatically buy<br> more units when the<br> per unit market price is low | &nbsp;&nbsp;&nbsp;&nbsp; → | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apr | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.67 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; May | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.25 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.56 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; July | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.88 |
| and fewer units<br> when the per unit<br> market price is high. |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aug | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.26 |
| and fewer units<br> when the per unit<br> market price is high. | &nbsp;&nbsp;&nbsp;&nbsp; → | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sept | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.76 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oct | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00 |

---

You paid an average price of $17.91 per unit over the 10 months, while the average market price actually was $18.10.

Dollar-cost averaging does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. Because dollar-cost averaging involves continuous investing, your success will depend upon your willingness to continue to invest regularly through periods of low price levels. Dollar-cost averaging can be an effective way to help meet your long-term goals. For specific features, contact your financial advisor.

Special Dollar-Cost Averaging (Special DCA) Program

If your purchase payment is at least $10,000, you can choose to participate in the Special DCA program (if available). There is no charge for the Special DCA program. Under the Special DCA program, you can allocate a new purchase payment and any applicable purchase payment credit to a six-month Special DCA fixed account according to the following rules:

• You may only allocate a new purchase payment of at least $10,000 to a Special DCA fixed account.

• You cannot transfer existing contract values into a Special DCA fixed account.

• Each Special DCA arrangement consists of six monthly transfers that begin seven days after we receive your purchase payment.

• We make monthly transfers of your Special DCA fixed account value into the subaccounts or PN program investment option you have selected.

• You may not use the regular fixed account, GPA account, or the Special DCA fixed account as a destination for the Special DCA monthly transfer. (Exception: if the PN program is in effect and the model portfolio you have selected, if applicable, includes the regular fixed account, amounts will be transferred from the Special DCA fixed account to the regular fixed account according to the allocation percentage established for the model portfolio you have selected.)

• We will change the interest rate on each Special DCA fixed account from time to time at our discretion based on factors that include the competition and the interest rate we are crediting to the regular fixed account at the time of the change. From time to time, we may credit interest to the Special DCA fixed account at promotional rates that are higher than those we credit to the regular fixed account.

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44 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• We credit each Special DCA fixed account with the current guaranteed annual rate that is in effect on the date we receive your purchase payment. However, we credit this annual rate over the length of the Special DCA arrangement on the balance remaining in your Special DCA fixed account. Therefore, the net effective interest rate you receive is less than the stated annual rate.

• We do not credit this interest after we transfer the value out of the Special DCA fixed account into the accounts you selected.

• Once you establish a Special DCA fixed account, you cannot allocate additional purchase payments to it. However, you may establish another new Special DCA fixed account and allocate new purchase payments to it.

• Funding from multiple sources is treated as individual purchase payments and a new Special DCA fixed account is opened for each payment (if the Special DCA fixed accounts are available on the valuation date we receive your payment).

• You may terminate your participation in the Special DCA program at any time. If you do, for RAVA 4 Advantage and RAVA 4 Select, we will transfer the remaining balance from your Special DCA fixed account to the regular fixed account, if no other specification is made. Interest will be credited according to the rates in effect on the regular fixed account and not the rate that was in effect on the Special DCA fixed account. For RAVA 4 Access, we will transfer the remaining balance from your Special DCA fixed account to variable subaccounts you specified in your termination request, or if no specification is made, according to your current purchase payment allocation. (Exception: if you are required to be in the PN program when you elect to end your participation in the Special DCA program, we will transfer the remaining balance to the PN program investment option you have selected).

• We can modify the terms of the Special DCA program at any time. Any modifications will not affect any purchase payments that are already in a Special DCA fixed account. For more information on the Special DCA program, contact your financial advisor.

Dollar-cost averaging from the Special DCA fixed account does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. Because dollar-cost averaging involves continuous investing, your success will depend upon your willingness to continue to invest regularly through periods of low price levels. Dollar-cost averaging can be an effective way to help meet your long-term goals.

For an example of how Special DCA dollar-cost averaging works, see table below showing the Special DCA fixed account.

**How Special dollar-cost averaging works** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| By spreading the investment<br> over the term of the<br> Special DCA<br>|  | **Date** | &nbsp;&nbsp; **SDCA**<br> **Balance**<br>| &nbsp;&nbsp; **Portion**<br> **Transferred**<br>| &nbsp;&nbsp; **Amount**<br> **Transferred**<br>| &nbsp;&nbsp; **Accumulation**<br> **unit value**<br>| &nbsp;&nbsp; **Number**<br> **of units**<br> **purchased**<br>|
| you automatically buy<br> more units when the<br> per unit market price is low |  | &nbsp;&nbsp;&nbsp; Jan 15 | &nbsp;&nbsp;&nbsp; $10000.00 |  |  |  |  |
| you automatically buy<br> more units when the<br> per unit market price is low |  | &nbsp;&nbsp;&nbsp; Jan 22 | &nbsp;&nbsp;&nbsp; 10002.86 | &nbsp;&nbsp;&nbsp; 1/6 | &nbsp;&nbsp;&nbsp; $1667.14 | &nbsp;&nbsp;&nbsp; $18 | &nbsp;&nbsp;&nbsp;&nbsp;92.62 |
| you automatically buy<br> more units when the<br> per unit market price is low | &nbsp;&nbsp; → | &nbsp;&nbsp;&nbsp; Feb 22 | &nbsp;&nbsp;&nbsp; 8346.26 | &nbsp;&nbsp;&nbsp; 1/5 | &nbsp;&nbsp;&nbsp; 1669.25 | &nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;111.28 |
| and fewer units<br> when the per unit<br> market price is high. |  | &nbsp;&nbsp;&nbsp; Mar 22 | &nbsp;&nbsp;&nbsp; 6684.64 | &nbsp;&nbsp;&nbsp; 1/4 | &nbsp;&nbsp;&nbsp; 1671.16 | &nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp;87.96 |
| and fewer units<br> when the per unit<br> market price is high. |  | &nbsp;&nbsp;&nbsp; April 22 | &nbsp;&nbsp;&nbsp; 5019.83 | &nbsp;&nbsp;&nbsp; 1/3 | &nbsp;&nbsp;&nbsp; 1673.28 | &nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp;98.43 |
| and fewer units<br> when the per unit<br> market price is high. | &nbsp;&nbsp; → | &nbsp;&nbsp;&nbsp; May 22 | &nbsp;&nbsp;&nbsp; 3350.64 | &nbsp;&nbsp;&nbsp; 1/2 | &nbsp;&nbsp;&nbsp; 1675.32 | &nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp;79.78 |
|  |  | &nbsp;&nbsp;&nbsp; Jun 22 | &nbsp;&nbsp;&nbsp; 1677.44 | &nbsp;&nbsp;&nbsp; 1/1 | &nbsp;&nbsp;&nbsp; 1677.44 | &nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp;83.87 |

---

You paid an average price of $18.11 per unit over the 6 months, while the average market price actually was $18.33.

Asset Rebalancing

You can ask us in writing to have the variable subaccount portion of your contract value allocated according to the percentages (in tenth of a percent amounts) that you choose. We automatically will rebalance the variable subaccount portion of your contract value either quarterly, semi-annually, or annually. The period you select will start to run on the date we record your request. On the first valuation date of each of these periods, we automatically will rebalance your contract value so that the value in each subaccount matches your current subaccount percentage allocations. These percentage allocations must be in numbers with no more than one digit past the decimal. Asset rebalancing does not apply to the GPAs, regular fixed account or the Special DCA fixed account. There is no charge for asset rebalancing. The contract value must be at least $2,000.

You can change your percentage allocations or your rebalancing period at any time by contacting us in writing. We will restart the rebalancing period you selected as of the date we record your change. You also can ask us in writing or by any other method acceptable to us, to stop rebalancing your contract value. You must allow 30 days for us to change any instructions that currently are in place. For more information on asset rebalancing, contact your financial advisor.

Different rules apply to asset rebalancing under the Portfolio Navigator program (see "Portfolio Navigator Program and Portfolio Stabilizer Funds" below).

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 45

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Portfolio Navigator Program (PN Program) and Portfolio Stabilizer Funds

**PN Program.** You are required to participate in the PN program if your contract includes optional living benefit riders. Under the PN program your contract value is allocated to a PN program investment option. The PN program investment options are currently five funds of funds, each of which invests in underlying funds in proportions that vary among the funds of funds in light of each fund of funds' investment objective ("Portfolio Navigator funds").

The PN program is available for both nonqualified and qualified annuities. The PN program also allows those who participated in a previous version of the PN program and who previously opted out of the transfer of their contract value to Portfolio Navigator funds to remain invested in accordance with a "static" PN program model portfolio investment option that is not subject to updating or reallocation. For more information on the static model portfolios, see "The static model portfolios" below.

**The Portfolio Navigator funds.** We offer the following Portfolio Navigator funds:

1. Variable Portfolio – Aggressive Portfolio

2. Variable Portfolio – Moderately Aggressive Portfolio

3. Variable Portfolio – Moderate Portfolio

4. Variable Portfolio – Moderately Conservative Portfolio

5. Variable Portfolio – Conservative Portfolio

Each Portfolio Navigator fund is a fund of funds with the investment objective of seeking a high level of total return consistent with a certain level of risk, which it seeks to achieve by investing in various underlying funds. For additional information about the Portfolio Navigator funds' investment strategies, see the Funds' prospectus.

If your contract does not include one of the living benefit riders, you may not participate in the PN program, but you may choose to allocate your contract value to one or more of the Portfolio Navigator funds.

Beginning November 18, 2013, if you have selected one of the optional living benefit riders, as an alternative to the Portfolio Navigator funds in the PN program, we have made available to you additional new funds, known as Portfolio Stabilizer funds.**The Portfolio Stabilizer funds.** The following Portfolio Stabilizer funds currently available are:

1. Variable Portfolio – Managed Risk Fund (Class 2)<sup>(1)</sup>

2. Variable Portfolio – Managed Risk U.S. Fund (Class 2) <sup>(1)</sup>

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) <sup>(1)</sup>

8. Variable Portfolio – U.S. Flexible Moderate Growth Fund (Class 2)<sup>(1)</sup>

9. Variable Portfolio – U.S. Flexible Conservative Growth Fund (Class 2)<sup>(1)</sup>

 <sup>(1)</sup> Available on or after Sept. 18, 2017.

Each Portfolio Stabilizer fund has an investment objective of pursuing total return while seeking to manage the Fund's exposure to equity market volatility. For additional information about the Portfolio Stabilizer funds' investment strategies, see the Funds' prospectuses.

You may choose to remain invested in your current Portfolio Navigator fund, move to a different Portfolio Navigator fund, or move to a Portfolio Stabilizer fund. Your decision should be made based on your own individual investment objectives and financial situation, and in consultation with your financial adviser.

**Please note that if you are currently invested in a Portfolio Navigator fund as part of the PN program and choose to reallocate your contract value to a Portfolio Stabilizer fund, you will no longer have access to any of the Portfolio Navigator funds, but you may change to any one of the other Portfolio Stabilizer funds, subject to the transfer limits applicable to your rider.** 

If your contract does not include living benefit riders, you may not participate in the PN program, but you may choose to allocate your contract value to one or more of the Portfolio Navigator funds. Beginning May 1, 2015, you may also choose to allocate your contract value to one or more of the Portfolio Stabilizer funds.

You should review any PN program, Portfolio Navigator and Portfolio Stabilizer funds information, including Funds' prospectuses, carefully. Your financial advisor can provide you with additional information and can answer questions you may have on the PN program, Portfolio Navigator and Portfolio Stabilizer funds.

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46 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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**PN Program static model portfolios.** If you have chosen to remain invested in a "static" PN program model portfolio, your assets will remain invested in accordance with your current model portfolio, and you will not be provided with any updates to the model portfolio or reallocation recommendations. (The last such reallocation recommendation was provided in 2009.) Each model portfolio consists of underlying funds and/or any GPAs (if included) in accordance with the allocation percentages stated for the model portfolio. By participating in the PN program through a model portfolio, you have instructed us to automatically rebalance your contract value quarterly in order to maintain alignment with these allocation percentages.

Special rules apply to the GPAs if they are included in a model portfolio. Under these rules:

• no MVA will apply when rebalancing occurs within a specific model portfolio (but an MVA may apply if you elect to transfer to a fund of funds);

• no MVA will apply when you elect an annuity payout plan while your contract value is invested in a model portfolio. (See "Charges and Adjustments – Adjustments – Market Value Adjustments").

If you choose to remain in a static model portfolio, the investments and investment styles and policies of the underlying funds in which your contract value is invested may change. Accordingly, your model portfolio may change so that it is no longer appropriate for your needs, even though your allocations to underlying funds do not change. Furthermore, the absence of periodic updating means that existing underlying funds will not be replaced as may be appropriate due to poor performance, changes in management personnel, liquidation, merger or other factors. Your financial advisor can help you determine whether your continued investment in a static model portfolio is appropriate for you.

**Investing in the Portfolio Stabilizer funds, the Portfolio Navigator funds and PN program static model portfolios (the Funds).** You are responsible for determining which investment option is best for you. Currently, the PN program includes five Portfolio Navigator funds (and under the previous PN program, five static model portfolios investment options), with risk profiles ranging from conservative to aggressive in relation to one another. There are nine Portfolio Stabilizer funds currently available. If your contract includes a living benefit rider you may only invest in one Portfolio Navigator fund at a time. If your contract includes a living benefit rider and you invest in Portfolio Stabilizer fund, effective Sept. 18, 2017, you may invest in more than one Portfolio Stabilizer fund at a time. Your financial advisor can help you determine which investment option most closely matches your investing style, based on factors such as your investment goals, your tolerance for risk and how long you intend to invest. There is no guarantee that the investment option you select is appropriate for you based on your investment objectives and/or risk profile. We and Columbia Management are not responsible for your decision to select a certain investment option or your decision to transfer to a different investment option.

If you initially allocate qualifying purchase payments to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and you are invested in one of the Portfolio Stabilizer or Portfolio Navigator funds, we will make monthly transfers in accordance with your instructions from the Special DCA fixed account, into the investment option or model portfolio you have chosen.

Before you decide to transfer contract value to one of the Portfolio Stabilizer funds, you and your financial advisor should carefully consider the following:

• Whether the Portfolio Stabilizer fund meets your personal investment objectives and/or risk tolerance.

• Whether you would like to continue to invest in a Portfolio Navigator fund. If you decide to transfer your contract value to a Portfolio Stabilizer fund, you permanently lose your ability to invest in any of the Portfolio Navigator funds if you have a living benefit rider. If you decide to no longer invest your contract value in the Portfolio Stabilizer funds, your only option will be to terminate your contract by requesting a full surrender. **Surrender charges and tax penalties may apply.** 

• Whether the total expenses associated with an investment in a Portfolio Stabilizer fund is appropriate for you. For total expenses associated with the rider, you should consider not only the variation of the rider fee, but also the variation in fees among the various funds. You should also consider your overall investment objective, as well as how total fees and your selected fund's investment objective may impact the amount of any step up opportunities in the future.

If your contract includes a living benefit rider, you may request a change to your Fund selection up to four times per contract year by written request on an authorized form or by another method agreed to by us. If you make such a change, we may charge you a higher fee for your rider. However, an initial transfer from a Portfolio Navigator fund to a Portfolio Stabilizer fund will not count toward the limit of four transfers per year. If your contract includes a *SecureSource* rider, we reserve the right to limit the number of changes if required to comply with the written instructions of a Fund (see "Market Timing"). If your contract includes the GWB for Life rider or *SecureSource* rider, we reserve the right to limit the number of investment options from which you can select, subject to state restrictions.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 47

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**Substitution and modification.** We reserve the right to add, remove or substitute Funds. We also reserve the right, upon notification to you, to close or restrict any Fund. Any change will apply to current allocations and/or to future payments and transfers. If your living benefit rider is terminated, you may remain invested in the Portfolio Stabilizer funds, but you will not be allowed to allocate future purchase payments or make transfers to these funds. Any substitution of Funds may be subject to SEC or state insurance departments approval.

We reserve the right to change the terms and conditions of the PN program or to change the availability of the investment options upon written notice to you. This includes but is not limited to the right to:

• limit your choice of investment options based on the amount of your initial purchase payment;

• cancel required participation in the program after 30 days written notice;

• substitute a fund of funds for your model portfolio, if applicable, if permitted under applicable securities law; and

• discontinue the PN program after 30 days written notice.

**Risks associated with the Funds.** An investment in a Fund involves risk. Principal risks associated with an investment in a Fund may be found in the relevant Fund's prospectus. There is no assurance that the Funds will achieve their respective investment objectives. In addition, there is no guarantee that the Fund's strategy will have its intended effect or that it will work as effectively as is intended.

Investing in the Funds does not guarantee that your contract will increase in value nor will it protect in a decline in value if market prices fall. Depending on future market conditions and considering only the potential return on your investment in the Fund, you might benefit (or benefit more) from selecting alternative investment options.

For more information and a list of the risks associated with investing in the Funds, including volatility and volatility management risk associated with Portfolio Stabilizer funds, please consult the applicable Funds' prospectuses and "The Variable Account and the Funds – Conflicts of Interest with Certain Funds Advised by Columbia Management" section in this prospectus.

**Conflicts of interest.** In providing investment advisory services for the Funds and the underlying funds in which those Funds respectively invest, Columbia Management is, together with its affiliates, including us, subject to competing interests that may influence its decisions.

For additional information regarding the conflicts of interest to which Columbia Management may be subject, see the Funds' prospectuses and "The Variable Account and the Funds – Conflicts of Interest with Certain Funds Advised by Columbia Management" section in this prospectus.

**Living benefit riders requiring participation in the PN program or investing in the Portfolio Stabilizer funds:** 

• **Accumulation Benefit rider:** You cannot terminate the Accumulation Benefit rider. As long as the Accumulation Benefit rider is in effect, your contract value must be invested in one of the PN program investment options or in the Portfolio Stabilizer funds. For contracts purchased on or after Jan. 26, 2009, you cannot select the Portfolio Navigator Aggressive investment option, or transfer to the Portfolio Navigator Aggressive investment option while the rider is in effect. The Accumulation Benefit rider automatically ends at the end of the waiting period and you then have the option to cancel your participation in the PN program. At all other times, if you do not want to invest in any of the PN program investment options, or the Portfolio Stabilizer funds, you must terminate your contract by requesting a full surrender. Surrender charges and tax penalties may apply.

• **GWB for Life, *SecureSource or SecureSource Flex* rider:** The GWB for Life, *SecureSource* or *SecureSource Flex* rider requires that your contract value be invested in one of the PN program investment options or the Portfolio Stabilizer funds, for the life of the contract. Subject to state restrictions, we reserve the right to limit the number of investment options from which you can select based on the dollar amount of purchase payments you make. Because you cannot terminate the GWB for Life or *SecureSource* rider once you have selected it, you must terminate your contract by requesting a full surrender if you do not want to invest in any of the PN program investment options or the Portfolio Stabilizer funds. Surrender charges and tax penalties may apply.

Transferring Among Accounts

The transfer rights discussed in this section do not apply if you have selected one of the optional living benefit riders.

You may transfer contract value from any one subaccount, GPAs or the regular fixed account, to another subaccount before annuity payouts begin. For RAVA 4 Advantage and RAVA 4 Select contracts, certain restrictions apply to transfers involving the GPAs and the regular fixed account. For RAVA 4 Access contracts you cannot transfer to the regular fixed account. (Exception: RAVA 4 Access contract holders who remained invested in the static PN program model portfolio and have the regular fixed account included in the model portfolio selected.)

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48 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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The date your request to transfer will be processed depends on when and how we receive it:

For transfer requests received in writing:

• If we receive your transfer request at our Service Center in good order before the close of business, we will process your transfer using the accumulation unit value we calculate on the valuation date we received your transfer request.

• If we receive your transfer request at our Service Center in good order at or after the close of business, we will process your transfer using the accumulation unit value we calculate on the next valuation date after we received your transfer request.

For transfer requests received by phone:

• If we receive your transfer request at our Service Center in good order before the close of the NYSE, we will process your transfer using the accumulation unit value we calculate on the valuation date we received your transfer request.

• If we receive your transfer request at our Service Center in good order at or after the close of the NYSE, we will process your transfer using the accumulation unit value we calculate on the next valuation date after we received your transfer request.

There is no charge for transfers. Before making a transfer, you should consider the risks involved in changing investments. Transfers out of the GPAs will be subject to an MVA if done more than 30 days before the end of the guarantee period.

We may suspend or modify transfer privileges at any time, subject to state regulatory requirements.

For information on transfers after annuity payouts begin, see "Transfer policies" below.

**Transfer Policies** <br>**<u>For RAVA 4 Advantage and RAVA 4 Select</u>** 

• Before annuity payouts begin, you may transfer contract values between the subaccounts, or from the subaccounts to the GPAs and regular fixed account at any time. The amount transferred to any GPA must be at least $1,000. However, if you made a transfer from the regular fixed account to the subaccounts or the GPAs, you may not make a transfer from any subaccount or GPA back to the regular fixed account until the next contract anniversary. We have reserved the right to limit transfers to the regular fixed account if the interest rate we are then currently crediting to the regular fixed account is equal to the minimum interest rate stated in the contract. Effective on April 6, 2020<sup>(1)</sup>, if the fixed account minimum interest rate stated in your contract is 3%, transfers to the fixed account (if allowed under your contract), are limited so the amount of contract value transferred to the fixed account cannot result in the value of the fixed account being greater than 20% of the contract value. If the fixed account is currently 20% or more of the contract value, we will not accept any transfers to the fixed account. If the fixed account is 20% or more of the contract value, you will not be required to transfer out of the fixed account. Additional transfers into the fixed account will not be allowed unless the value of the fixed account drops to less than 20% of the contract value.

&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup>

This restriction does not apply to contracts issued in Connecticut and Massachusetts.

• You may transfer contract values from the regular fixed account to the subaccounts or the GPAs once a year during a 31-day transfer period starting on each contract anniversary (except for automated transfers, which can be set up at any time for certain transfer periods subject to certain minimums). Transfers from the regular fixed account are not subject to an MVA. Currently, transfers out of the regular fixed account are limited to the greater of: a) 30% of the regular fixed account value at the beginning of the contract year, or b) the amount transferred out of the regular fixed account in the previous contract year, excluding any automated transfer amounts. Because of this limitation, it may take you several years to transfer all your contract value from the regular fixed account. You should carefully consider whether the regular fixed account meets your investment criteria before you invest. If an automated dollar-cost averaging arrangement is established within 30 days of contract issue, the 30% limitation does not apply to transfers made from the regular fixed account to the subaccounts for the duration of this initial arrangement.

• You may transfer contract values from any GPA to the subaccounts, regular fixed account or other GPA any time after 60 days of transfer or payment allocation into such GPA. Transfers made more than 30 days before the end of the guarantee period will receive an MVA, which may result in a gain or loss of contract value, unless an exception applies (see "Charges and Adjustments – Adjustments – Market Value Adjustments").

• If we receive your request within 30 days before the contract anniversary date, the transfer from the regular fixed account to the subaccounts will be effective on the anniversary.

• If we receive your request on or within 30 days after the contract anniversary date, the transfer from the regular fixed account to the subaccounts or GPAs will be effective on the valuation date we receive it.

• We will not accept requests for transfers from the regular fixed account at any other time.

• You may not make a transfer to the Special DCA fixed account.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 49

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• Once annuity payouts begin, you may not make transfers to or from the GPAs or the regular fixed account, but you may make transfers once per contract year among the subaccounts. During the annuity payout period, you cannot invest in more than five subaccounts at any one time unless we agree otherwise. When annuity payments begin, you must transfer all contract value out of any GPAs and Special DCA fixed account.

**<u>For RAVA 4 Access</u>** 

• Before annuity payouts begin, you may transfer contract values between the subaccounts, or from the subaccounts to the GPAs at any time. The amount transferred to any GPA must be at least $1,000.

• You may not make a transfer to the regular fixed account unless it is part of a model portfolio in which you have elected to participate, if applicable.

• You may transfer contract values from any GPA to the subaccounts, or other GPA any time after 60 days of transfer or payment allocation into such GPA. Transfers made more than 30 days before the end of the guarantee period will receive an MVA, which may result in a gain or loss of contract value, unless an exception applies (see "Charges and Adjustments – Adjustments – Market Value Adjustments").

• You may not make a transfer to the Special DCA fixed account.

• Once annuity payouts begin, you may not make transfers to or from the GPAs, but you may make transfers once per contract year among the subaccounts. During the annuity payout period, you cannot invest in more than five subaccounts at any one time unless we agree otherwise. When annuity payments begin, you must transfer all contract value out of any GPAs and Special DCA fixed account.

**Market Timing** 

Market timing can reduce the value of your investment in the contract. If market timing causes the returns of an underlying fund to suffer, contract value you have allocated to a Subaccount that invests in that underlying fund will be lower too. Market timing can cause you, any joint owner of the contract and your beneficiary(ies) under the contract a financial loss.

**We seek to prevent market timing. Market timing is frequent or short-term trading activity. We do not accommodate short-term trading activities. Do not buy a contract if you wish to use short-term trading strategies to manage your investment. The market timing policies and procedures described below apply to transfers among the Subaccounts within the contract. The underlying funds in which the Subaccounts invest have their own market timing policies and procedures. The market timing policies of the underlying funds may be more restrictive than the market timing policies and procedures we apply to transfers among the Subaccounts of the contract, and may include redemption fees. We reserve the right to modify our market timing policies and procedures at any time without prior notice to you.** 

Market timing may hurt the performance of an underlying fund in which a Subaccount invests in several ways, including but not necessarily limited to:

• diluting the value of an investment in an underlying fund in which a Subaccount invests;

• increasing the transaction costs and expenses of an underlying fund in which a Subaccount invests; and

• preventing the investment adviser(s) of an underlying fund in which a Subaccount invests from fully investing the assets of the Fund in accordance with the Fund's investment objectives.

Funds available as investment options under the contract that invest in securities that trade in overseas securities markets may be at greater risk of loss from market timing, as market timers may seek to take advantage of changes in the values of securities between the close of overseas markets and the close of U.S. markets. Also, the risks of market timing may be greater for underlying funds that invest in securities such as small cap stocks, high yield bonds, or municipal securities, that may be traded infrequently.

**In order to help protect you and the underlying funds from the potentially harmful effects of market timing activity, we apply the following market timing policy to discourage frequent transfers of contract value among the Subaccounts of the Variable Account:** 

We try to distinguish market timing from transfers that we believe are not harmful, such as periodic rebalancing for purposes of an asset allocation, dollar-cost averaging and asset rebalancing program that may be described in this prospectus. There is no set number of transfers that constitutes market timing. Even one transfer in related accounts may be market timing. We seek to restrict the transfer privileges of a contract owner who makes more than three Subaccount transfers in any 90-day period. We also reserve the right to refuse any transfer request, if, in our sole judgment, the dollar amount of the transfer request would adversely affect unit values.

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50 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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If we determine, in our sole judgment, that your transfer activity constitutes market timing, we may modify, restrict or suspend your transfer privileges to the extent permitted by applicable law, which may vary based on the state law that applies to your contract and the terms of your contract. These restrictions or modifications may include, but not be limited to:

• requiring transfer requests to be submitted only by first-class U.S. mail;

• not accepting hand-delivered transfer requests or requests made by overnight mail;

• not accepting telephone or electronic transfer requests;

• requiring a minimum time period between each transfer;

• not accepting transfer requests of an agent acting under power of attorney;

• limiting the dollar amount that you may transfer at any one time;

• suspending the transfer privilege; or

• modifying instructions under an automated transfer program to exclude a restricted fund if you do not provide new instructions.

Subject to applicable state law and the terms of each contract, we will apply the policy described above to all contract owners uniformly in all cases. We will notify you in writing after we impose any modification, restriction or suspension of your transfer rights.

Because we exercise discretion in applying the restrictions described above, we cannot guarantee that we will be able to identify and restrict all market timing activity. In addition, state law and the terms of some contracts may prevent us from stopping certain market timing activity. Market timing activity that we are unable to identify and/or restrict may impact the performance of the underlying funds and may result in lower contract values.

**In addition to the market timing policy described above, which applies to transfers among the Subaccounts within your contract, you should carefully review the market timing policies and procedures of the underlying funds. The market timing policies and procedures of the underlying funds may be materially different than those we impose on transfers among the Subaccounts within your contract and may include mandatory redemption fees as well as other measures to discourage frequent transfers. As an intermediary for the underlying funds, we are required to assist them in applying their market timing policies and procedures to transactions involving the purchase and exchange of Fund shares. This assistance may include but not be limited to providing the underlying fund upon request with your Social Security Number, Taxpayer Identification Number or other United States government-issued identifier and the details of your contract transactions involving the underlying fund. An underlying fund, in its sole discretion, may instruct us at any time to prohibit you from making further transfers of contract value to or from the underlying fund, and we must follow this instruction. We reserve the right to administer and collect on behalf of an underlying fund any redemption fee imposed by an underlying fund. Market timing policies and procedures adopted by underlying funds may affect your investment in the contract in several ways, including but not limited to:** 

• Each Fund may restrict or refuse trading activity that the Fund determines, in its sole discretion, represents market timing.

• Even if we determine that your transfer activity does not constitute market timing under the market timing policies described above which we apply to transfers you make under the contract, it is possible that the underlying fund's market timing policies and procedures, including instructions we receive from a Fund, may require us to reject your transfer request. For example, we will attempt to execute transfers permitted under any asset allocation, dollar-cost averaging and asset rebalancing programs that may be described in this prospectus, we cannot guarantee that an underlying fund's market timing policies and procedures will do so. Orders we place to purchase Fund shares for the Variable Accounts are subject to acceptance by the Fund. We reserve the right to reject without prior notice to you any transfer request if the Fund does not accept our order.

• Each underlying fund is responsible for its own market timing policies, and we cannot guarantee that we will be able to implement specific market timing policies and procedures that a Fund has adopted. As a result, a Fund's returns might be adversely affected, and a Fund might terminate our right to offer its shares through the Variable Account.

• Funds that are available as investment options under the contract may also be offered to other intermediaries who are eligible to purchase and hold shares of the Fund, including without limitation, separate accounts of other insurance companies and certain retirement plans. Even if we are able to implement a Fund's market timing policies, we cannot guarantee that other intermediaries purchasing that same Fund's shares will do so, and the returns of that Fund could be adversely affected as a result.

**For more information about the market timing policies and procedures of an underlying fund, the risks that market timing pose to that Fund, and to determine whether an underlying fund has adopted a redemption fee, see that Fund's prospectus.** 

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 51

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How to Request a Transfer or Surrender

**1 By automated transfers and automated partial surrenders**

Your financial advisor can help you set up automated transfers or partial surrenders among your subaccounts or regular fixed account (if available).

You can start or stop this service by written request or other method acceptable to us. You must allow 30 days for us to change any instructions that are currently in place.

• Automated transfers to the GPAs, the regular fixed account or the Special DCA fixed account are not allowed.

• Automated transfers from the regular fixed account to the subaccounts under an automated dollar-cost averaging arrangement may not exceed an amount that, if continued, would deplete the regular fixed account within 12 months.

• Automated surrenders may be restricted by applicable law under some contracts.

• You may not make additional systematic payments if automated partial surrenders are in effect.

• Automated partial surrenders may result in income taxes and penalties on all or part of the amount surrendered.

• The balance in any account from which you make an automated transfer or automated partial surrender must be sufficient to satisfy your instructions. If not, we will suspend your entire automated arrangement until the balance is adequate.

• If we must suspend your automated transfer or automated partial surrender arrangement for six months, we reserve the right to discontinue the arrangement in its entirety.

• If the PN program is in effect, or if you have a *SecureSource* rider, GWB for Life rider or Accumulation Benefit rider, you are not allowed to set up automated transfers except in connection with a Special DCA fixed account.

• If you have a *SecureSource* rider or GWB for Life rider, you may set up automated partial surrenders up to the benefit amount available for withdrawal under the rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **Minimum amount** |  |
| Transfers or surrenders: | $50 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **Maximum amount** |  |
| Transfers or surrenders: | None (except for automated transfers from the regular fixed account) |

---

**2 By telephone**

Call: <br>**1-800-862-7919** 

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| | |
|:---|:---|
| **Minimum amount** |  |
| Transfers or surrenders: | $250 or entire account balance |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Maximum amount** |  |
| Transfers: | Contract value or entire account balance |
| Surrenders: | $100000 |

---

We answer telephone requests promptly, but you may experience delays when the call volume is unusually high. If you are unable to get through, use the mail procedure as an alternative.

We will honor any telephone transfer or surrender requests that we believe are authentic and we will use reasonable procedures to confirm that they are. This includes asking identifying questions and recording calls. As long as we follow the procedures, we (and our affiliates) will not be liable for any loss resulting from fraudulent requests.

Telephone transfers or surrenders are automatically available. You may request that telephone transfers or surrenders not be authorized from your account by writing to us.

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52 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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**3 By letter**

Send your name, contract number, Social Security Number or Taxpayer Identification Number\* and signed request for a transfer or surrender to:

**RiverSource Life Insurance Company** <br>**70100 Ameriprise Financial Center** <br>**Minneapolis, MN 55474** 

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| | |
|:---|:---|
| **Minimum amount** |  |
| Transfers or surrenders: | $250 or entire account balance |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Maximum amount** |  |
| Transfers or surrenders: | Contract value or entire account balance |

---

\*

Failure to provide your Social Security Number or Taxpayer Identification Number may result in mandatory tax withholding on the taxable portion of the distribution.

Surrenders

You may surrender all or part of your contract at any time before the settlement date by sending us a written request or calling us.

The date your surrender request will be processed depends on when and how we receive it:

For surrender requests received in writing:

• If we receive your surrender request at our Service Center in good order before the close of business, we will process your surrender using the accumulation unit value we calculate on the valuation date we received your surrender request.

• If we receive your surrender request at our Service Center in good order at or after the close of business, we will process your surrender using the accumulation unit value we calculate on the next valuation date after we received your surrender request.

For surrender requests received by phone:

• If we receive your surrender request at our Service Center in good order before the close of the NYSE, we will process your surrender using the accumulation unit value we calculate on the valuation date we received your surrender request.

• If we receive your surrender request at our Service Center in good order at or after the close of the NYSE, we will process your surrender using the accumulation unit value we calculate on the next valuation date after we received your surrender request.

You may have to pay a contract administrative charge, surrender charges, or any applicable optional rider charges (see "Charges and Adjustments"). Federal income taxes and penalties as well as state and local income taxes may apply (see "Taxes"). You cannot take surrenders after annuity payouts begin except under Plan E (see "The Annuity Payout Period – Annuity Payout Plans").

Any partial surrender you take under the contract will reduce your contract value. As a result, the value of your death benefit or any optional benefits you have elected also will be reduced. If you have elected the *SecureSource Flex* rider, please consider carefully when you take surrenders. If you take any withdrawals during the 3-year waiting period, your benefits will be set to zero until the end of the waiting period when they will be re-established based on your contract value at that time. Also, if you withdraw more than the allowed withdrawal amount in a contract year under the *SecureSource* F*lex* rider ("excess withdrawal"), the guaranteed amounts under the rider will be reduced. If you have elected the GWB for Life rider or *SecureSource* rider and your partial surrenders in any contract year exceed the permitted surrender amount under the terms of the GWB for Life rider or *SecureSource* rider, your benefits under the rider may be reduced (see "Optional Benefits"). Any partial surrender request that exceeds the amount allowed under the riders and impacts the guarantees provided, will not be considered in good order until we receive a signed Benefit Impact Acknowledgement form showing the projected effect of the surrender on the rider benefits or a verbal acknowledgement that you understand and accept the impacts that have been explained to you. In addition, surrenders you are required to take to satisfy the RMDs under the Code may reduce the value of certain death benefits and optional benefits (see "Taxes – Qualified Annuities – Required Minimum Distributions").

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 53

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Surrender Policies

If you have a balance in more than one account and you request a partial surrender, we will withdraw money from all your subaccounts and/or the regular fixed account, in the same proportion as your value in each account correlates to your total contract value, less any GPA or Special DCA account, unless you request otherwise. We will not withdraw money for a partial surrender from any GPAs or Special DCA account you may have, unless insufficient amounts are available from your subaccounts and/or regular fixed account . However, you may request specifically surrender from a GPA or Special DCA account. The minimum contract value after partial surrender is $600. If you elected a *SecureSource* rider, the minimum contract value after partial surrender is zero and you do not have the option to request from which account to surrender.

Receiving Payment

**1 By electronic payment**

• request that payment be sent electronically to your bank;

• pre-authorization required.

• **NOTE:** We will charge you a fee if you request that payment be wired to your bank. For instructions, please contact your financial advisor.

**2 By regular or express mail**

• payable to you;

• mailed to address of record.

**NOTE:** We will charge you a fee if you request express mail delivery.

We may choose to permit you to have checks issued and delivered to an alternate payee or to an address other than your address of record. We may also choose to allow you to direct wires or other electronic payments to accounts owned by a third-party. We may have additional good order requirements that must be met prior to processing requests to make any payments to a party other than the owner or to an address other than the address of record. These requirements will be designed to ensure owner instructions are genuine and to prevent fraud.

Normally, we will send the payment within seven days after receiving your request in good order. However, we may postpone the payment if:

– the NYSE is closed, except for normal holiday and weekend closings;

– trading on the NYSE is restricted, according to SEC rules;

– an emergency, as defined by SEC rules, makes it impractical to sell securities or value the net assets of the accounts; or

– the SEC permits us to delay payment for the protection of security holders.

We may also postpone payment of the amount attributable to a purchase payment as part of the total surrender amount until cleared from the originating financial institution.

TSA – Special Provisions

Participants in Tax-Sheltered Annuities

If the contract is intended to be used in connection with an employer sponsored 403(b) plan, additional rules relating to this contract can be found in the annuity endorsement for tax sheltered 403(b) annuities. Unless we have made special arrangements with your employer, the contract is not intended for use in connection with an employer sponsored 403(b) plan that is subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). In the event that the employer either by affirmative election or inadvertent action causes contributions under a plan that is subject to ERISA to be made to this contract, we will not be responsible for any obligations and requirements under ERISA and the regulations thereunder, unless we have prior written agreement with the employer. You should consult with your employer to determine whether your 403(b) plan is subject to ERISA.

In the event we have a written agreement with your employer to administer the plan pursuant to ERISA, special rules apply as set forth in the TSA endorsement.

The employer must comply with certain nondiscrimination requirements for certain types of contributions under a TSA contract to be excluded from taxable income. You should consult your employer to determine whether the nondiscrimination rules apply to you.

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54 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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The Code imposes certain restrictions on your right to receive early distributions from a TSA:

• Distributions attributable to salary reduction contributions (plus earnings) made after Dec. 31, 1988, or to transfers or rollovers from other contracts, may be made from the TSA only if:

–

you are at least age 59½;

–

you are disabled as defined in the Code;

–

you severed employment with the employer who purchased the contract;

–

the distribution is because of your death;

–

the distribution is due to plan termination;

–

you are a qualifying military reservist;

–

you are terminally ill as defined in the Code;

–

you are adopting or are having a baby;

–

you are supplying Personal or Family Emergency Expense;

–

you are a Domestic Abuse Victim: or

–

you are in need to cover Expenses and losses on account of a FEMA declared disaster.

• If you encounter a financial hardship (as provided by the Code), you may be eligible to receive a distribution of all contract values attributable to salary reduction contributions made after Dec. 31, 1988, but not the earnings on them.

• Even though a distribution may be permitted under the above rules, it may be subject to IRS taxes and penalties (see "Taxes").

• The above restrictions on distributions do not affect the availability of the amount credited to the contract as of Dec. 31, 1988. The restrictions also do not apply to transfers or exchanges of contract value within the contract, or to another registered variable annuity contract or investment vehicle available through the employer.

• If the contract has a loan provision, the right to receive a loan is described in detail in your contract. Loans will not be available if you have selected the GWB for Life, *SecureSource* or Accumulation Benefit rider.

Changing Ownership

You may change ownership of your nonqualified annuity at any time by completing a change of ownership form we approve and sending it to our Service Center. If you are a natural person and you own a nonqualified annuity, you may change the annuitant or successor annuitant if the request is made before annuity payments begin and while the existing annuitant is living. The change will become binding on us when we receive and record it, subject to state limitations. We will honor any change of ownership request received in good order that we believe is authentic and we will use reasonable procedures to confirm authenticity. If we follow these procedures, we will not take any responsibility for the validity of the change.

Please consider carefully whether or not you wish to change ownership of your nonqualified annuity if you have elected the ROPP, MAV, 5-Year MAV, EEB, EEP, Accumulation Benefit, GWB for Life or *SecureSource* riders. If you change ownership of your contract, we will terminate the ROPP and EEP. This includes both the EEP Part I benefits and the EEP Part II benefits. (See the description of these terms in "Optional Benefits".) In addition, the terms of the EEB, the MAV and the 5-Year MAV will change due to a change of ownership. If the new owner is older than age 75, the EEB will terminate. Otherwise, the EEB will effectively "start over." We will treat the EEB as if it is issued on the day the change of ownership is made, using the attained age of the new owner as the "issue age" to determine the benefit levels. The account value on the date of the ownership change will be treated as a "purchase payment" in determining future values of "earnings at death" under the EEB. If the new owner is older than age 75, the MAV and the 5-Year MAV will terminate. If the MAV or the 5-Year MAV on the date of ownership change is greater than the account value on the date of the ownership change, we will set the MAV or the 5-Year MAV equal to the account value. Otherwise, the MAV or the 5-Year MAV value will not change due to a change in ownership. The Accumulation Benefit rider, the GWB for Life rider and *SecureSource* – Single Life rider will continue upon change of ownership.

Effective May 1, 2016, for *SecureSource Flex* – Single Life rider, you cannot add a joint owner or a joint annuitant. The *SecureSource* – Joint Life rider, if selected, only allows transfer of the ownership of the annuity contract between covered spouses or their revocable trust(s). If ownership is transferred from a covered spouse to their revocable trust(s), the annuitant must be one of the covered spouses. For *SecureSource* rider and GWB for Life rider, any ownership change that impacts the guarantees provided will not be considered in good order until we receive a signed Benefit Impact Acknowledgement form showing the projected effect of the ownership change on the rider benefits or a verbal acknowledgement that you understand and accept the impacts that have been explained to you. No other ownership changes are allowed while this rider is in force. Please see the descriptions of these riders in "Optional Benefits."

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 55

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The rider charges described in "Charges and Adjustments" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force) for any rider that continues after a change of ownership. We reserve the right to assess charges for the number of days the rider was in force for any rider that is terminated due to a change of ownership.

If you have a nonqualified annuity, you may incur income tax liability by transferring, assigning or pledging any part of it. (See "Taxes.")

If you have a qualified annuity, you may not sell, assign, transfer, discount or pledge your contract as collateral for a loan, or as security for the performance of an obligation or for any other purpose except as required or permitted by the Code.

However, if the owner is a trust or custodian, or an employer acting in similar capacity, ownership of the contract may be transferred to the annuitant.

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56 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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Benefits Available Under the Contract

The following table summarizes information about the benefits available under the Contract.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of** <br> **Restrictions/Limitations**<br>|
| **Standard Benefits *(no additional charge)*** | **Standard Benefits *(no additional charge)*** | **Standard Benefits *(no additional charge)*** | **Standard Benefits *(no additional charge)*** | **Standard Benefits *(no additional charge)*** |
| **Dollar Cost** <br> **Averaging**<br>| Allows the systematic <br> transfer of a specified <br> dollar amount among <br> the subaccounts or <br> from the regular fixed <br> account to one or more <br> eligible subaccounts<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Not allowed to the GPAs, the regular <br> fixed account or the Special DCA <br> fixed account<br> •Not allowed if the PN program is in <br> effect, except in connection with <br> the Special DCA fixed account<br> •Not available with a living benefit<br>|
| **Special Dollar** <br> **Cost Averaging** <br> **(SDCA)**<br>| Allows the systematic <br> transfer from the <br> Special DCA fixed <br> account to one or more <br> eligible subaccounts<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Must be funded with a purchase <br> payment of at least $10,000, not <br> transferred contract value<br> •Only 6-month option available<br> •Transfers occur on a monthly basis <br> and the first monthly transfer <br> occurs seven days after we receive <br> your purchase payment<br> •You may not use the regular fixed <br> account, GPA account, or the <br> Special DCA fixed account as a <br> destination for the Special DCA <br> monthly transfer. Certain exceptions <br> apply<br>|
| **Asset** <br> **Rebalancing**<br>| Allows you to have your <br> investments <br> periodically rebalanced <br> among the <br> subaccounts to your <br> pre-selected <br> percentages<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •You must have $2,000 in Contract <br> Value to participate.<br> •We require 30 days notice for you to <br> change or cancel the program<br> •You can request rebalancing to be <br> done either quarterly, semiannually <br> or annually<br> •Other restrictions may apply under <br> the Portfolio Navigator Program<br>|
| **Portfolio** <br> **Navigator (PN)** <br> **Program and** <br> **Portfolio** <br> **Stabilizer funds**<br>| Your contract value is <br> allocated to the PN <br> program investment <br> options or Portfolio <br> Stabilizer funds<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Required for contracts with living <br> benefit riders<br>|
| **Automated** <br> **Partial** <br> **Surrenders/**<br> **Systematic** <br> **Withdrawals**<br>| Allows automated <br> partial surrenders from <br> the contract<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Additional systematic payments are <br> not allowed with automated partial <br> surrenders<br> •For contracts with a *SecureSource* <br> rider, *SecureSource Flex* rider or <br> GWB for Life rider, you may set up <br> automated partial surrenders up to <br> the benefit available for withdrawals <br> under the rider<br> •May result in income taxes and IRS <br> penalty on all or a portion of <br> amounts surrendered<br>|
| **Nursing Home or** <br> **Hospital**<br>| Allows you to withdraw <br> contract value without<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •You must be under age 76 on the <br> contract issue date and the <br>|

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 57

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of** <br> **Restrictions/Limitations**<br>|
| **Confinement** | a surrender charge |  |  | &nbsp;&nbsp;&nbsp; confinement must start after the <br> contract issue date<br> •You must be confined to a hospital <br> or nursing home for the prior <br> 60 days<br> •Must receive your surrender request <br> no later than 91 days after your <br> release from the hospital or nursing <br> home<br> •Amount withdrawn must be paid <br> directly to you<br> •Contract value is reduced by any <br> purchase payment credits credited <br> within 12 months of a withdrawal<br>|
| **Terminal Illness** | Allows you to withdraw <br> contract value without <br> a surrender charge<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •You must be under the age 76 on <br> the date the contract was issued<br> •Must be terminally ill and not <br> expected to live more than 12 <br> months; a licensed physician <br> certifies to your illness, life <br> expectancy and the date the <br> terminal illness was initially <br> diagnosed<br> •Amount withdrawn must be paid <br> directly to you<br> •Contract value is reduced by any <br> purchase payment credits credited <br> within 12 months of a withdrawal<br>|
| **Standard Death** <br> **Benefit** <br> **(available for** <br> **contract owners** <br> **age 75 and** <br> **younger)**<br>| Provides a guaranteed <br> death benefit equal to <br> the greater of Contract <br> Value, less any <br> applicable rider <br> charges and Purchase <br> Payment Credits <br> subject to reversal ,or <br> purchase payments <br> minus adjusted partial <br> surrenders<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals, and such reductions <br> could be significant<br> •Annuitizing the Contract terminates <br> the benefit<br> •Contract Value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges<br> •When we calculate this death <br> benefit, we do not consider <br> purchase payments credits as part <br> of your purchase payments<br>|
| **Standard Death** <br> **Benefit** <br> **(available if any** <br> **contract owner** <br> **is age 76 and** <br> **older)**<br>| Provides a minimum <br> death benefit equal to <br> the Contract Value,less <br> any Purchase Payment <br> Credits subject to <br> reversal and less any <br> applicable rider <br> charges<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Annuitizing the Contract terminates <br> the benefit<br> •Contract Value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges<br>|
| **Optional Benefits** | **Optional Benefits** | **Optional Benefits** | **Optional Benefits** | **Optional Benefits** |
| **ROPP Death** | Provides a guaranteed | 0.30% of | 0.20% | •Available if any owner is age 76 and  |

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58 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of** <br> **Restrictions/Limitations**<br>|
| **Benefit** | death benefit equal to <br> the greater of the <br> Contract Value, less <br> any applicable rider <br> charges, andPurchase <br> Payment Credits <br> subject to reversal, or <br> purchase payments <br> minus adjusted partial <br> surrenders<br>| contract value <br> in the variable <br> account<br>|  | &nbsp;&nbsp;&nbsp; older<br> •Must be elected at contract issue<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals, and such reductions <br> could be significant<br> •Annuitizing the Contract terminates <br> the benefit<br> •Contract Value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges<br> •When we calculate this death <br> benefit, we do not consider <br> purchase payments credits as part <br> of your purchase payments<br>|
| **MAV Death** <br> **Benefit**<br>| Increases the <br> guaranteed death <br> benefit to the highest <br> anniversary contract <br> value, adjusted for any <br> partial surrenders<br>| 0.35% of <br> contract value <br> in the variable <br> account<br>| 0.25% | &nbsp;&nbsp;&nbsp; •Available to owners age 75 and <br> younger<br> •Must be elected at contract issue<br> •No longer eligible to increase on <br> any contract anniversary on/after <br> your 81st birthday.<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals. Such reductions could <br> be significant.<br> •Annuitizing the Contract terminates <br> the benefit<br> •When we calculate this death <br> benefit, we do not consider <br> purchase payment credits as part <br> of your purchase payments<br> •Contract Value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges<br>|
| **5-year MAV** <br> **Death Benefit**<br>| Increases the <br> guaranteed death <br> benefit to the highest <br> 5th anniversary <br> contract value, <br> adjusted for any partial <br> surrenders<br>| 0.20% of <br> contract value <br> in the variable <br> account<br>| 0.10% | &nbsp;&nbsp;&nbsp; •Available to owners age 75 and <br> younger<br> •Must be elected at contract issue<br> •No longer eligible to increase on <br> any contract anniversary on/after <br> your 81st birthday<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals. Such reductions could <br> be significant<br> •Annuitizing the Contract terminates <br> the benefit <br>|

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 59

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of** <br> **Restrictions/Limitations**<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp; •When we calculate this death <br> benefit, we do not consider <br> purchase payment credits as part <br> of your purchase payments<br> •Contract Value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges<br>|
| ***Enhanced*** <br> ***Earnings Death*** <br> **Benefit (EEB)**<br>| Provides an additional <br> death benefit, based <br> on a percentage of <br> contract earnings, to <br> help offset expenses <br> after death such as <br> funeral expenses or <br> federal and state taxes<br>| 0.40% of <br> contract value <br> in the variable <br> account<br>| 0.30% | &nbsp;&nbsp;&nbsp; •Available to owners age 75 and <br> younger<br> •Must be elected at contract issue<br> •Available with MAV and 5-year MAV<br> •For contract owners age 70 and <br> older at the rider effective date, the <br> benefit decreases from 40% to 15% <br> of earnings<br> •Annuitizing the Contract terminates <br> the benefit<br> •When we calculate this death <br> benefit, we do not consider <br> purchase payment credits as part <br> of your purchase payments<br> •Contract Value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges<br>|
| ***Enhanced*** <br> ***Earnings Plus*** <br> ***Death* Benefit** <br> **(EEP)**<br>| Provides an additional <br> death benefit based on <br> a percentage of <br> contract earnings and <br> a percentage of <br> exchange purchase <br> payments, to help <br> offset expenses after <br> death such as funeral <br> expenses or federal <br> and state taxes<br>| 0.50% of <br> contract value <br> in the variable <br> account<br>| 0.40% | &nbsp;&nbsp;&nbsp; •Available only under annuities <br> purchased through an exchange or <br> direct transfer from another annuity <br> or a life insurance policy<br> •Exchange purchase payments must <br> be identified at issue, received <br> within 6 months from issue, and not <br> be previously surrendered<br> •Available to owners age 75 and <br> younger<br> •Must be elected at contract issue<br> •Available with MAV and 5-year MAV<br> •Annuitizing the Contract terminates <br> the benefit<br> •When we calculate this death <br> benefit, we do not consider <br> purchase payment credits as part <br> of your purchase payments<br> •Contract Value is reduced by any <br> purchase payment credits applied <br> within 12 months of death and any <br> applicable rider charges<br> •The percentage of exchange <br> purchase payments varies by age <br> and is subject to a vesting schedule<br> •For contract owners age 70 and <br> older at the rider effective date, the <br>|

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60 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of** <br> **Restrictions/Limitations**<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp; benefit decreases from 40% to 15% <br> of earnings<br>|
| **SecureSource** <br> **Flex**<br>| Provides two income <br> options, regardless of <br> investment <br> performance - a <br> lifetime income <br> guarantee beginning at <br> a certain age that lasts <br> as long as you live or a <br> principal back <br> guarantee option that <br> is available at any <br> time, but is not <br> guaranteed for life<br>| ***Single Life:*** <br> 2.00% of <br> contract value <br> or the <br> Remaining <br> Benefit <br> Amount, <br> whichever is <br> greater<br> ***Joint Life:*** <br> 2.50% of <br> contract value <br> or the <br> Remaining <br> Benefit <br> Amount, <br> whichever is <br> greater<br>| ***Single Life:*** <br> 0.95%<br> ***Joint Life:*** <br> 1.10%<br>| &nbsp;&nbsp;&nbsp; •Not available for RAVA 4 Access <br> contract<br> •Available to owners age 80 or <br> younger<br> •Must be elected at contract issue<br> •Available as a Single Life or Joint <br> Life option<br> •Not available under an inherited <br> qualified annuity<br> •Subject to Investment Allocation <br> restrictions<br> •Certain withdrawals could <br> significantly reduce the guaranteed <br> amounts under the rider and the <br> rider will terminate if the contract <br> value goes to zero due to an excess <br> withdrawal<br> •Withdrawals during the 3-year <br> waiting period will set your benefits <br> to zero until the end of the waiting <br> period when they will be <br> reestablished based on your <br> contract value at that time<br> •Limitations on additional purchase <br> payments<br>|
| **Guarantor** <br> **Withdrawal** <br> **Benefit for Life** <br> **(GWB for Life)** <br> **Rider**<br>| Provides two income <br> options, regardless of <br> investment <br> performance - a <br> lifetime income <br> guarantee beginning at <br> certain age that lasts <br> as long as you live or a <br> principal back <br> guarantee option that <br> is available at any <br> time, but is not <br> guaranteed for life<br>| 1.50% of <br> contract value <br> or the <br> Remaining <br> Benefit <br> Amount, <br> whichever is <br> greater<br>| Varies by issue <br> date, elective <br> step up date <br> and the fund <br> selected<br>| &nbsp;&nbsp;&nbsp; •Not available for RAVA 4 Access <br> contract<br> •Available to owners age 80 or <br> younger<br> •Must be elected at contract issue<br> •Not available under an inherited <br> qualified annuity<br> •Subject to Investment Allocation <br> restrictions<br> •Certain withdrawals could <br> significantly reduce the guaranteed <br> amounts under the rider and the <br> rider will terminate if the contract <br> value goes to zero due to an excess <br> withdrawal<br> •Limitations on additional purchase <br> payments<br>|
| ***SecureSource*** <br> **rider**<br>| Provides two income <br> options, regardless of <br> investment <br> performance - a <br> lifetime income <br> guarantee beginning at <br> certain age that lasts <br> as long as you live or a <br> principal back <br> guarantee option that<br>| <u>Contracts</u> <br> <u>issued after</u> <br> <u>1/26/2009:</u><br> ***Single Life:*** <br> 2.00%<br> ***Joint Life:*** <br> 2.50% of <br> contract<br> value or the <br> Remaining<br>| Varies by issue <br> date, elective <br> step up date <br> and the fund <br> selected<br>| &nbsp;&nbsp;&nbsp; •Not available for RAVA 4 Access <br> contract<br> •Available to owners age 80 or <br> younger<br> •Must be elected at contract issue<br> •Available as a Single Life or Joint <br> Life option<br> •Not available under an inherited <br> qualified annuity <br>|

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 61

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of** <br> **Restrictions/Limitations**<br>|
|  | is available at any <br> time, but is not <br> guaranteed for life<br>| Benefit <br> Amount, <br> whichever is <br> greater<br> <u>Contracts</u> <br> <u>issued prior to</u> <br> <u>1/26/2009:</u><br> ***Single Life:*** <br> 1.50%<br> ***Joint Life:*** <br> 1.75% of <br> contract value <br> or the <br> Remaining <br> Benefit <br> Amount, <br> whichever is <br> greater<br>|  | &nbsp;&nbsp;&nbsp; •Subject to Investment Allocation <br> restrictions<br> •Certain withdrawals could <br> significantly reduce the guaranteed <br> amounts under the rider and the <br> rider will terminate if the contract <br> value goes to zero due to an excess <br> withdrawal<br> contract value at that time<br> •Limitations on additional purchase <br> payments<br>|
| **Guaranteed** <br> **Minimum** <br> **Accumulation** <br> **Benefit** <br> **(Accumulation** <br> **Benefit) rider**<br>| Provides 100% of <br> initial investment or <br> 80% of highest <br> contract anniversary <br> value (adjusted for <br> partial surrenders) at <br> the end of 10 year <br> waiting period, <br> regardless of <br> investment <br> performance<br>| 2.50% of <br> contract value <br> or the Minimum <br> Contract <br> Accumulation <br> Value, <br> whichever is <br> greater<br>| Varies by issue <br> date, elective <br> step up date <br> and fund <br> selected<br>| &nbsp;&nbsp;&nbsp; •Available to owners age 80 or <br> younger<br> •Must be elected at contract issue<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals. Such reductions could <br> be significant<br> •The rider ends when the Waiting <br> Period expires<br> •Limitations on additional purchase <br> payments<br> •Subject to Investment Allocation <br> restrictions<br> •Elective Step ups restart the <br> Waiting Period<br>|

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62 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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Benefits in Case of Death — Standard Death Benefit

We will pay the death benefit to your beneficiary upon your death if you die before the settlement date while this contract is in force. If a contract has more than one person as the owner, we will pay benefits upon the first to die of any owner.

If you are age 75 or younger on the date we issue the contract, the beneficiary receives the greater of:

• contract value, less any purchase payment credits applied within 12 months of the date of death, less any applicable rider charges; or

• purchase payments minus adjusted partial surrenders.

If you are age 76 or older on the date we issue the contract, the beneficiary receives the contract value, less any purchase payment credits subject to reversal, less any applicable rider charges.

**Adjusted partial surrenders** 

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| |
|:---|
| **PS** x **DB** |
| **CV** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| **PS** | = | amount by which the contract value is reduced as a result of the partial surrender. |
| **DB** | = | the death benefit on the date of (but prior to) the partial surrender. |
| **CV** | = | the contract value on the date of (but prior to) the partial surrender. |

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**Example of standard death benefit calculation when you are age 75 or younger on the contract effective date:** 

• You purchase the contract with a payment of $20,000

• During the second contract year the contract value falls to $18,000, at which point you take a $1,500 partial surrender, leaving a contract value of $16,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| **We calculate the death benefit as follows:** | **We calculate the death benefit as follows:** |  |
| The total purchase payments minus adjustments for partial surrenders: | The total purchase payments minus adjustments for partial surrenders: |  |
| Total purchase payments | Total purchase payments | $20000 |
| minus adjusted partial surrenders, calculated as: | minus adjusted partial surrenders, calculated as: |  |
| $1,500 × $20,000 | = |  |
| $18000 | = |  |
|  |  | -1667 |
| for a standard death benefit of: | for a standard death benefit of: | $18333 |
| since this is greater than your contract value of $16,500 | since this is greater than your contract value of $16,500 |  |

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When we calculate this death benefit, we do not consider purchase payments credits as part of any purchase payments.

If You Die Before Your Settlement Date

When paying the beneficiary, we will process the death claim on the valuation date that our death claim requirements are fulfilled. We will determine the contract's value using the accumulation unit value we calculate on that valuation date. We pay interest, if any, at a rate no less than required by law. If requested, we will mail payment to the beneficiary within seven days after our death claim requirements are fulfilled.

**Nonqualified annuities** 

If your spouse is sole beneficiary and you die before the settlement date, your spouse may keep the contract as owner with the contract value equal to the death benefit that would otherwise have been paid. To do this your spouse must, on the date our death claim requirements are fulfilled, give us written instructions to keep the contract in force. If your spouse elects to keep the contract as owner, the following describes the standard death benefit:

• If your spouse was age 75 or younger as of the date we issued the contract, the beneficiary of your spouse's contract receives the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;• contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or

&nbsp;&nbsp;&nbsp;&nbsp;• purchase payments minus adjusted partial surrenders.

If your spouse was age 76 or older as of the date we issued the contract, the beneficiary of your spouse's contract receives the contract value, less any purchase payment credits subject to reversal, less any applicable rider charges.

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If you elected any optional contract features or riders, your spouse and the new annuitant (if applicable) will be subject to all limitations and/or restrictions of those features or riders. The SecureSource Flex – Joint Life rider, if selected, will continue only if the spouse electing the spousal continuation provision of the contract is a covered spouse and continues the contract as the new owner. The SecureSource Flex – Single Life rider terminates if a spouse chooses to continue the contract under the spousal continuation provision.

The SecureSource – Joint Life rider, if selected, will continue only if the spouse electing the spousal continuation provision of the contract is a covered spouse and continues the contract as the new owner.

We will not waive surrender charges on contracts continued under the spousal continuation provision.

If your beneficiary is not your spouse, we will pay the beneficiary in a lump sum unless you give us other written instructions. Generally, we must fully distribute the death benefit within five years of your death. However, the beneficiary may receive payouts under any annuity payout plan available under this contract if:

• the beneficiary elects in writing, and payouts begin, no later than one year after your death, or other date as permitted by the IRS; and

• the payout period does not extend beyond the beneficiary's life or life expectancy.

Additionally, the optional SecureSource rider, if selected, will terminate.

**Qualified annuities** 

The information below has been revised to reflect proposed regulations issued by the Internal Revenue Service that describe the requirements for required minimum distributions when a person or entity inherit assets held in an IRA, 403(b) or qualified retirement plan. This proposal is not final and may change. Contract owners are advised to work with a tax professional to understand their required minimum distribution obligations under the proposed regulations and federal law. The proposed regulations can be found in the Federal Register, Vol. 87, No. 37, dated Thursday, February 24, 2022.

• **Spouse beneficiary:** If you have not elected an annuity payout plan, and if your spouse is the sole beneficiary, your spouse may either elect to treat the contract as his/her own with the contract value equal to the death benefit that would otherwise have been paid, or elect an annuity payout plan or another plan agreed to by us. If your spouse elects a payout plan, the payouts must begin no later than the year in which you would have reached age 73. If you attained age 73 at the time of death, payouts must begin no later than Dec. 31 of the year following the year of your death.

If your spouse was age 75 or younger as of the date we issued the contract, the beneficiary of your spouse's contract receives the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;• contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or

&nbsp;&nbsp;&nbsp;&nbsp;• purchase payments minus adjusted partial surrenders.

If your spouse was age 76 or older as of the date we issued the contract, the beneficiary of your spouse's contract receives the contract value, less any purchase payment credits subject to reversal, less any applicable rider charges.

If you elected any optional contract features or riders, your spouse and the new annuitant (if applicable) will be subject to all limitations and/or restrictions of those features or riders. The SecureSource Flex — Joint Life rider, if selected, will continue only if the spouse electing the spousal continuation provision of the contract is a covered spouse and continues the contract as the new owner. The SecureSource Flex — Single Life rider terminates if a spouse chooses to continue the contract under the spousal continuation provision. If your spouse is the sole beneficiary and elects to treat the contract as his/her own as an inherited IRA, the SecureSource series rider will terminate.

We will not waive surrender charges on contracts continued under the spousal continuation provision.

• **Non-spouse beneficiary:** If you have not elected an annuity payout plan, and if death occurs on or after Jan. 1, 2020, the beneficiary is required to withdraw his or her entire inherited interest by December 31 of the 10<sup>th</sup> year following your date of death unless they qualify as an "eligible designated beneficiary." Your beneficiary may be required to take distributions during the 10-year period if you died after your Required Beginning Date, as defined under the Code. Eligible designated beneficiaries may continue to take proceeds out over your life expectancy if you died prior to your Required Beginning Date or over the greater of your life expectancy or their life expectancy if you died after your Required Beginning Date. Eligible designated beneficiaries include:

&nbsp;&nbsp;&nbsp;&nbsp;• the surviving spouse;

&nbsp;&nbsp;&nbsp;&nbsp;• a lawful child of the owner under the age of 21 (remaining amount must be withdrawn by the earlier of the end of the year the minor turns 31 or end of the 10th year following the minor's death);

&nbsp;&nbsp;&nbsp;&nbsp;• disabled within the meaning of Code section 72(m)(7);

&nbsp;&nbsp;&nbsp;&nbsp;• chronically ill within the meaning of Code section 7702B(c)(2);

&nbsp;&nbsp;&nbsp;&nbsp;• any other person who is not more than 10 years younger than the owner.

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64 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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However, non-natural beneficiaries, such as estates and charities, are subject to a five-year rule to distribute the IRA if you died prior to your Required Beginning Date.

We will pay the beneficiary in a single sum unless the beneficiary elects to receive payouts under a payout plan available under this contract and:

&nbsp;&nbsp;&nbsp;&nbsp;• the beneficiary elects in writing, and payouts begin, no later than one year following the year of your death; and

&nbsp;&nbsp;&nbsp;&nbsp;• the payout period does not extend beyond December 31 of the 10th year following your death or the applicable life expectancy for an eligible designated beneficiary.

• **Spouse and Non-Spouse Beneficiaries**. If a beneficiary elects an alternative payment plan which is an inherited IRA, all optional death benefits and living benefits will terminate. The beneficiary must submit the applicable investment options form. No additional purchase payments will be accepted. The death benefit payable on the death of the beneficiary is the greater of the contract value and the Full Surrender Value; the mortality and expense risk fee will be the same as is applicable to the Standard Death Benefit.

• **Annuity payout plan:** If you elect an annuity payout plan which guarantees payout to a beneficiary after death, the payouts to your beneficiary will continue depending on the annuity payout plan you elect, subject to adjustment to comply with the IRS rules and regulations.

**Death benefit payment in a lump sum:** We may pay all or part of the death benefit to your beneficiary in a lump sum under either a nonqualified or qualified annuity. We will pay the death benefit by check unless your beneficiary has chosen to have the death benefit payment directly deposited into a checking account. We pay all proceeds by check (unless the beneficiary has chosen to have death benefit proceeds directly deposited into another Ameriprise Financial, Inc. account).

**How we handle contracts under unclaimed property laws** 

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of one to five years from either 1) the contract's maturity date (the latest day on which income payments may begin under the contract) or 2) the date the death benefit is due and payable. If a contract matures or we determine a death benefit is payable, we will use our best efforts to locate you or designated beneficiaries. If we are unable to locate you or a beneficiary, proceeds will be paid to the abandoned property division or unclaimed property office of the state in which the beneficiary or you last resided, as shown in our books and records, or to our state of domicile. Generally, this surrender of property to the state is commonly referred to as "escheatment". To avoid escheatment, and ensure an effective process for your beneficiaries, it is important that your personal address and beneficiary designations are up to date, including complete names, date of birth, current addresses and phone numbers, and taxpayer identification numbers for each beneficiary. Updates to your address or beneficiary designations should be sent to our Service Center.

Escheatment may also be required by law if a known beneficiary fails to demand or present an instrument or document to claim the death benefit in a timely manner, creating a presumption of abandonment. If your beneficiary steps forward (with the proper documentation) to claim escheated annuity proceeds, the state is obligated to pay any such proceeds it is holding.

For nonqualified deferred annuities, non-spousal death benefits are generally required to be distributed and taxed within five years from the date of death of the owner.

Optional Benefits

The assets held in our general account support the guarantees under your contract, including optional death benefits and optional living benefits. To the extent that we are required to pay you amounts in addition to your contract value under these benefits, such amounts will come from our general account assets. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay our obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account.

Optional Death Benefits

Return of Purchase Payments Death Benefit (ROPP)

The ROPP is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges and Adjustments"). If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greater of:

• contract value, less any purchase payment credits applied within 12 months of the date of death, less any applicable rider charges; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• purchase payments minus adjusted partial surrenders.

If you are age 76 or older at contract issue, you may choose to add the ROPP to your contract. Generally, you must elect the ROPP at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the ROPP may be after we issue the contract according to terms determined by us and at our sole discretion. We reserve the right to discontinue offering the ROPP for new contracts.

When annuity payouts begin, or if you terminate the contract for any reason other than death, this rider will terminate.

**Terminating the ROPP** 

• You may terminate the ROPP rider within 30 days of the first rider anniversary.

• You may terminate the ROPP rider within 30 days of any rider anniversary beginning with the seventh rider anniversary.

• The ROPP rider will terminate when you make a full surrender from the contract or when annuity payouts begin.

If you terminate the ROPP, the standard death benefit applies thereafter.

For an example, see Appendix C.

**If your spouse is the sole beneficiary,** he or she may keep the contract as owner with the contract value equal to the death benefit that would otherwise have been paid under the ROPP. To do this your spouse must, on the date our death claim requirements are fulfilled, give us written instructions to keep the contract in force. **If your spouse was age 76 or older as of the date we issued the contract,** he or she may choose to continue the ROPP. In that case, the ROPP rider charges described in "Charges and Adjustments – Optional Benefit Charges – Optional Death Benefit Charges – ROPP Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary. Your spouse also has the option of discontinuing the ROPP rider within 30 days of the date he or she elects to continue the contract. If your spouse is age 75 or younger as of the date we issued the contract, the ROPP will terminate.

**When we calculate this death benefit, we do not consider purchase payments credits as part of any purchase payments.** 

**NOTE:** For special tax considerations associated with the ROPP, see "Taxes."

Maximum Anniversary Value Death Benefit (MAV)

The MAV is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges and Adjustments"). The MAV does not provide any additional benefit before the first contract anniversary after the rider effective date. The MAV may be of less value if you are older since we stop resetting the maximum anniversary value at age 81. Although we stop resetting the maximum anniversary value at age 81, the MAV rider charge continues to apply until the rider terminates. In addition, the MAV does not provide any additional benefit with respect to the GPAs, regular fixed account or Special DCA fixed account values during the time you have amounts allocated to these accounts. Be sure to discuss with your financial advisor whether or not the MAV is appropriate for your situation.

If you are age 75 or younger at contract issue, you may choose to add the MAV to your contract. Generally, you must elect the MAV at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the MAV may be after we issue the contract according to terms determined by us and at our sole discretion. We reserve the right to discontinue offering the MAV for new contracts.

On the first contract anniversary after the rider effective date we set the maximum anniversary value equal to the highest of your (a) current contract value, or (b) total purchase payments minus adjusted partial surrenders. Thereafter, we increase the maximum anniversary value by any additional purchase payments and reduce it by adjusted partial surrenders. Every contract anniversary after that prior to your 81st birthday, we compare the maximum anniversary value to the current contract value and we reset the maximum anniversary value to the higher amount.

If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greatest of:

• contract value, less any purchase payment credits applied within 12 months of the date of death, less any applicable rider charges; or

• purchase payments minus adjusted partial surrenders; or

• the maximum anniversary value.

**Terminating the MAV** 

• You may terminate the MAV rider within 30 days of the first rider anniversary.

• You may terminate the MAV rider within 30 days of any rider anniversary beginning with the seventh rider anniversary.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• The MAV rider will terminate when you make a full surrender from the contract or when annuity payouts begin.

• The MAV rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older.

If you terminate the MAV, the standard death benefit applies thereafter.

For an example, see Appendix C.

**In general, if your spouse is the sole beneficiary,** your spouse may choose to continue the contract as the contract owner. The contract value will be equal to the death benefit that would otherwise have been paid under the MAV. To do this your spouse must give us written instructions to keep the contract in force on the date our death claim requirements are fulfilled. If your spouse has reached age 76 at the time he or she elects to continue the contract, the MAV rider will terminate. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract, he or she may choose to continue the MAV rider. In this case, the rider charges described in "Charges and Adjustments" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the MAV rider. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract and chooses not to continue the MAV rider, the contract value will be increased to the MAV death benefit amount if it is greater than the contract value on the death benefit valuation date.

**When we calculate this death benefit, we do not consider purchase payments credits as part of any purchase payments.**

Maximum Five Year Anniversary Value Death Benefit (5-Year MAV)

The 5-Year MAV is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges and Adjustments"). The 5-Year MAV does not provide any additional benefit before the fifth contract anniversary after the rider effective date. The 5-Year MAV may be of less value if you are older since we stop resetting the maximum five year anniversary value at age 81. Although we stop resetting the maximum five year anniversary value at age 81, the 5-Year MAV rider charge continues to apply until the rider terminates. In addition, the 5-Year MAV does not provide any additional benefit with respect to the GPAs, regular fixed account or Special DCA fixed account values during the time you have amounts allocated to these accounts. Be sure to discuss with your financial advisor whether or not the 5-Year MAV is appropriate for your situation.

If you are age 75 or younger at contract issue, you may choose to add the 5-Year MAV to your contract. Generally, you must elect the 5-Year MAV at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the 5-Year MAV may be after we issue the contract according to terms determined by us and at our sole discretion. We reserve the right to discontinue offering the 5-Year MAV for new contracts.

On the fifth contract anniversary after the rider effective date we set the maximum five year anniversary value equal to the highest of your (a) current contract value, or (b) total purchase payments minus adjusted partial surrenders. Thereafter, we increase the maximum anniversary value by any additional purchase payments and reduce it by adjusted partial surrenders. Every fifth contract anniversary after that, through age 80, we compare the maximum five year anniversary value to the current contract value and we reset the maximum five year anniversary value to the higher amount.

If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greatest of:

• contract value, less any purchase payment credits applied within 12 months of the date of death, less any applicable rider charges; or

• purchase payments minus adjusted partial surrenders; or

• the maximum five year anniversary value.

**Terminating the 5-Year MAV** 

• You may terminate the 5-Year MAV rider within 30 days of the first rider anniversary.

• You may terminate the 5-Year MAV rider within 30 days of any rider anniversary beginning with the seventh rider anniversary.

• The 5-Year MAV rider will terminate when you make a full surrender from the contract or when annuity payouts begin.

• The 5-Year MAV rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older.

If you terminate the 5-Year MAV, the standard death benefit applies thereafter.

For an example, see Appendix C.

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**In general, if your spouse is the sole beneficiary,** your spouse may choose to continue the contract as the contract owner. The contract value will be equal to the death benefit that would otherwise have been paid under the 5-Year MAV. To do this your spouse must give us written instructions to keep the contract in force on the date our death claim requirements are fulfilled. If your spouse has reached age 76 at the time he or she elects to continue the contract, the 5-Year MAV rider will terminate. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract, he or she may choose to continue the 5-Year MAV rider. In this case, the rider charges described in "Charges and Adjustments" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the 5-Year MAV rider. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract and if he or she chooses not to continue the 5-Year MAV rider, the contract value will be increased to the 5-Year MAV death benefit amount if it is greater than the contract value on the death benefit valuation date.

**When we calculate this death benefit, we do not consider purchase payments credits as part of any purchase payments.**

Enhanced Earnings Death Benefit (EEB)

The EEB is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges and Adjustments"). The EEB provides for reduced benefits if you are age 70 or older at the rider effective date and it does not provide any additional benefit before the first rider anniversary. The EEB also may result in reduced benefits if you take RMDs (see "Taxes – Qualified Annuities – Required Minimum Distributions") from your qualified annuity or any partial surrenders during the life of your contract, both of which may reduce contract earnings. This is because the benefit paid by the EEB is determined by the amount of earnings at death. Be sure to discuss with your financial advisor and your tax advisor whether or not the EEB is appropriate for your situation. If this EEB rider is available in your state and you are age 75 or younger at the rider effective date, you may choose to add the EEB to your contract. Generally, you must elect the EEB at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the EEB may be after we issue the contract according to terms determined by us and at our sole discretion. You may not select this rider if you select the EEP. We reserve the right to discontinue offering the EEB for new contracts.

The EEB provides that if you die after the first rider anniversary, but before annuity payouts begin, and while this contract is in force, we will pay the beneficiary:

• the standard death benefit amount (see "Benefits in Case of Death – Standard Benefit"), the MAV death benefit amount, if applicable, or the 5-Year MAV death benefit amount, if applicable,

**PLUS** 

• 40% of your earnings at death if you were under age 70 on the rider effective date; or

• 15% of your earnings at death if you were age 70 or older on the rider effective date.

Additional death benefits payable under the EEB are not included in the adjusted partial surrender calculation.

**Earnings at death for the EEB and EEP:** If the rider effective date for the EEB or EEP is the contract issue date, earnings at death is an amount equal to:

• the standard death benefit amount, the MAV death benefit amount, or the 5-Year MAV death benefit amount if applicable (the "death benefit amount")

• **minus** purchase payments not previously surrendered.

When we calculate this death benefit, we do not consider purchase payment credits as part of any purchase payments. The earnings at death may not be less than zero and may not be more than 250% of the purchase payments not previously surrendered that are one or more years old.

If the rider effective date for the EEB is **AFTER** the contract issue date, earnings at death is an amount equal to the death benefit amount

• **minus** the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the contract value as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that contract value since that rider effective date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) an amount equal to the death benefit amount as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that death benefit amount since that rider effective date

• **plus** any purchase payments made on or after the EEB rider effective date not previously surrendered.

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68 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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The earnings at death may not be less than zero and may not be more than 250% multiplied by:

• the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the contract value as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that contract value since that rider effective date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) an amount equal to the death benefit amount as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that death benefit amount since that rider effective date

• **plus** any purchase payments made on or after the EEB rider effective date not previously surrendered that are one or more years old.

**Terminating the EEB** 

• You may terminate the EEB rider within 30 days of the first rider anniversary.

• You may terminate the EEB rider within 30 days of any rider anniversary beginning with the seventh rider anniversary.

• The EEB rider will terminate when you make a full surrender from the contract or when annuity payouts begin.

• The EEB rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older.

For an example, see Appendix C.

**In general, if your spouse is the sole beneficiary** and if your spouse chooses to continue the contract as the contract owner, we will pay an amount into the contract so that the contract value equals the total death benefit payable under the EEB. If your spouse is age 76 or older at the time he or she elects to continue the contract, then the EEB rider will terminate. If your spouse is less than age 76 at the time he or she elects to continue the contract, he or she may choose to continue the EEB. In this case, the following conditions will apply:

• the EEB rider will continue, but we will treat the new contract value on the date the ownership of the contract changes to your spouse (after the additional amount is paid into the contract) as if it is a purchase payment in calculating future values of "earnings at death."

• the percentages of "earnings at death" payable will be based on your spouse's age at the time he or she elects to continue the contract.

• the EEB rider charges described in "Charges and Adjustments – Optional Benefit Charges – Optional Death Benefit Charges – EEB Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the EEB rider.

**NOTE:** For special tax considerations associated with the EEB, see "Taxes."

**When we calculate this death benefit, we do not consider purchase payments credits as part of any purchase payments.**

Enhanced Earnings Plus Death Benefit (EEP)

The EEP is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges and Adjustments"). The EEP provides for reduced benefits if you are age 70 or older at the rider effective date. It does not provide any additional benefit before the first rider anniversary, and it does not provide any benefit beyond what is offered under the EEB during the second rider year. The EEP also may result in reduced benefits if you take RMDs (see "Taxes – Qualified Annuities – Required Minimum Distributions") from your qualified annuity or any partial surrenders during the life of your contract, both of which may reduce contract earnings. This is because part of the benefit paid by the EEP is determined by the amount of earnings at death. Be sure to discuss with your financial advisor and your tax advisor whether or not the EEP is appropriate for your situation.

If this EEP rider is available in your state and if you are age 75 or younger at contract issue, you may choose to add the EEP to your contract. You must elect the EEP at the time you purchase your contract and your rider effective date will be the contract issue date. **This rider is only available under annuities purchased through an exchange or direct transfer from another annuity or a life insurance policy.** You may not select this rider if you select the EEB. We reserve the right to discontinue offering the EEP for new contracts.

The EEP provides that if you die after the first rider anniversary, but before annuity payouts begin, and while this contract is in force, we will pay the beneficiary:

• EEP Part I benefits, which equal the benefits payable under the EEB described above;

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**PLUS** 

• EEP Part II benefits, which equal a percentage of exchange purchase payments identified at issue, received within 6 months from issue and not previously surrendered as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| **Rider year** | **Percentage if you are under age**<br> **70 on the rider effective date**<br>| **Percentage if you are 70 or**<br> **older on the rider effective date**<br>|
| One and Two | &nbsp;&nbsp;&nbsp; 0<br> %<br>| &nbsp;&nbsp;&nbsp; 0<br> %<br>|
| Three and Four | &nbsp;&nbsp;&nbsp; 10<br> %<br>| 3.75<br> %<br>|
| Five or more | &nbsp;&nbsp;&nbsp; 20<br> %<br>| 7.5<br> %<br>|

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Additional death benefits payable under the EEP are not included in the adjusted partial surrender calculation.

If no exchange purchase payments have been received after 6 months, we will contact you and you will have an additional 30 days to follow-up on exchange purchase payments identified at issue but not received by us. If we have not received any exchange purchase payments after these 30 days, we will convert the EEP rider into an EEB.

Another way to describe the benefits payable under the EEP rider is as follows:

• the standard death benefit amount (see "Benefits in Case of Death – Standard Death Benefit"), the MAV death benefit amount, or 5-Year MAV death benefit amount, if applicable,

**PLUS** 

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| | | |
|:---|:---|:---|
| **Rider year** | &nbsp;&nbsp; **If you are under age 70 on**<br> **the rider effective date, add**<br>| &nbsp;&nbsp; **If you are age 70 or older on**<br> **the rider effective date, add**<br>|
| One | Zero | Zero |
| Two | &nbsp;&nbsp;&nbsp; 40% × earnings at death<br> (see above)<br>| 15% × earnings at death |
| Three and Four | &nbsp;&nbsp;&nbsp; 40% × (earnings at death + 25%<br> of exchange purchase payment\*)<br>| &nbsp;&nbsp;&nbsp; 15% × (earnings at death + 25%<br> of exchange purchase payment\*)<br>|
| Five or more | &nbsp;&nbsp;&nbsp; 40% × (earnings at death + 50%<br> of exchange purchase payment\*)<br>| &nbsp;&nbsp;&nbsp; 15% × (earnings at death + 50%<br> of exchange purchase payment\*)<br>|

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\*

Exchange purchase payments are purchase payments exchanged from another annuity or policy that are identified at issue and not previously surrendered.

We are not responsible for identifying exchange purchase payments if we did not receive proper notification from the company from which the purchase payments are exchanged.

**Terminating the EEP** 

• You may terminate the EEP rider within 30 days of the first rider anniversary after the rider effective date.

• You may terminate the EEP rider within 30 days of any rider anniversary beginning with the seventh rider anniversary.

• The EEP rider will terminate when you make a full surrender from the contract or when annuity payouts begin.

• The EEP rider will terminate in the case of an ownership change.

• The EEP rider will terminate in the case of the spousal continuation if the new owner is age 76 or older.

For an example, see Appendix C.

**In general, if your spouse is the sole beneficiary** and if your spouse chooses to continue the contract as the contract owner, we will pay an amount into the contract so that the contract value equals the total death benefit payable under the EEP. If your spouse has reached age 76 at the time he or she elects to continue the contract, the EEP rider will terminate. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract, he or she cannot continue the EEP. However, he or she may choose to convert the EEP rider into an EEB. In this case, the following conditions will apply:

• the EEB rider will treat the new contract value on the date the ownership of the contract changes to your spouse (after the additional amount is paid into the contract) as if it is a purchase payment in calculating future values of "earnings at death."

• the percentages of "earnings at death" payable will be based on your spouse's age at the time he or she elects to continue the contract.

• the EEB rider charges described in "Charges and Adjustments – Optional Benefit Charges – Optional Death Benefit Charges – EEB Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the EEB rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the EEP rider.

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If your spouse chooses not to convert the EEP rider into an EEB, the standard death benefit amount (or the MAV or 5-Year MAV death benefit amount, if applicable,) will apply.

**NOTE:** For special tax considerations associated with the EEP, see "Taxes."

**When we calculate this death benefit, we do not consider purchase payments credits as part of any purchase payments.**

Optional Living Benefits

*SecureSource Flex* Rider

**The *SecureSource Flex* riders are not available for RAVA 4 Access.** 

This is an optional benefit that you can add to your contract for an additional charge. The benefit is intended to provide to you, after the waiting period, a specified withdrawal amount annually for life, even if your contract value is zero, subject to the terms and provisions described in this section. The *SecureSource Flex* rider may be appropriate for you if you intend to make periodic withdrawals from your annuity contract and wish to ensure that market performance will not adversely affect your ability to withdraw your principal over time. This benefit is intended for assets you plan to hold and let accumulate for at least three years. If you take any withdrawals during the 3-year waiting period, your benefits will be set to zero until the end of the waiting period when they will be re-established based on your contract value at that time.

There are two optional *SecureSource Flex* riders available under your contract:

• *SecureSource Flex* — Single Life; or

• *SecureSource Flex* — Joint Life.

The information in this section applies to both Secure Source Flex riders, unless otherwise noted. For the purpose of this rider, the term "withdrawal" is equal to the term "surrender" in the contract or any other riders. Withdrawals will adjust contract values and benefits in the same manner as surrenders.

The *SecureSource Flex* — Single Life rider covers one person. The *SecureSource Flex* — Joint Life Rider covers two spouses jointly who are named at contract issue. You may elect only the *SecureSource Flex* — Single Life rider or the *SecureSource Flex* — Joint Life rider, not both, and you may not switch riders later. You must elect the rider when you purchase your contract. The rider effective date will be the contract issue date.

The *SecureSource Flex* rider is an optional benefit that you may select, if approved in your state, for an additional annual charge if:

• you purchase your contract on or after Sept. 14, 2009; and

• ***Single Life:*** you are 80 or younger on the date the contract is issued or if an owner is a non-natural person, then the annuitant is age 80 or younger; or

• ***Joint Life:*** you and your spouse are 80 or younger on the date the contract is issued.

The *SecureSource Flex* riders are not available under an inherited qualified annuity.

The *SecureSource Flex* rider guarantees that after the waiting period, regardless of the investment performance of your contract, you will be able to withdraw up to a certain amount each year from the contract before the annuity payouts begin until:

• ***Single Life:*** until death (see "At Death" heading below) or until the depletion of the basic benefit.

• ***Joint Life:*** until the death of the last surviving covered spouse (see "Joint Life only: Covered Spouses" and "At Death" headings below) or until the depletion of the basic benefit.

**Key Terms** 

The key terms associated with the *SecureSource Flex* rider are:

**Annual Lifetime Payment (ALP):** the lifetime benefit amount available each contract year after the waiting period and until your death (***Joint Life***: the death of both covered spouses) or termination of the rider. After the waiting period, the annual withdrawal amount guaranteed by the rider can vary each contract year. The maximum ALP is $300,000.

**Annual Lifetime Payment Attained Age (ALPAA):** the age at which the lifetime benefit is established.

**Guaranteed Benefit Amount (GBA):** the total cumulative withdrawals guaranteed by the rider under the basic benefit. The maximum GBA is $5,000,000. The GBA cannot be withdrawn or annuitized and is not payable as a death benefit. It is an interim value used to calculate the amount available for withdrawals each year after the waiting period under the basic benefit (see "Guaranteed Benefit Payment" below). At any time, the total GBA is the sum of the individual GBAs associated with each purchase payment.

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**Guaranteed Benefit Payment (GBP):** the basic benefit amount available each contract year after the waiting period until the RBA is reduced to zero. After the waiting period the annual withdrawal amount guaranteed by the rider can vary each contract year.

**Remaining Annual Lifetime Payment (RALP):** as you make withdrawals during a contract year, the remaining amount that the rider guarantees will be available for withdrawal that year is reduced. The RALP is the lifetime benefit amount that can be withdrawn during the remainder of the current contract year.

**Remaining Benefit Amount (RBA):** each withdrawal you make reduces the amount that is guaranteed by the rider for future withdrawals. At any point in time, the RBA equals the amount of GBA that remains available for withdrawals for the remainder of the contract's life, and total RBA is the sum of the individual RBAs associated with each purchase payment. The maximum RBA is $5,000,000.

**Remaining Benefit Payment (RBP):** as you make withdrawals during a contract year, the remaining amount that the rider guarantees will be available for withdrawal that year is reduced. The RBP is the basic benefit amount that can be withdrawn during the remainder of the current contract year.

**Waiting period:** the period of time before you can take a withdrawal without affecting benefits under the rider. The waiting period starts on the rider effective date and ends on the day prior to the third rider anniversary.

**Withdrawal Adjustment Base (WAB):** one of the components used to determine the GBP Percentage and ALP Percentage. The WAB cannot be withdrawn or annuitized and is not payable as a death benefit.

**Withdrawal:** the amount by which your contract value is reduced as a result of any withdrawal request. It may differ from the amount of your request due to any surrender charge and any market value adjustment.

**Description of the *SecureSource Flex* Rider** 

Before the lifetime benefit is established, the annual withdrawal amount guaranteed by the riders after the waiting period is the basic benefit amount. After the lifetime benefit is established and after the waiting period, the riders guarantee that you have the option each contract year to cumulatively withdraw an amount up to the lifetime benefit amount or the basic benefit amount, but the riders do not guarantee withdrawal of both in a contract year.

The lifetime withdrawal benefit is established automatically:

• ***Single Life:*** on the rider anniversary date after the covered person reaches age 65, or on the rider effective date if the covered person is age 65 or older on the rider effective date (see "Annual Lifetime Payment Attained Age (ALPAA)" heading below);

• ***Joint Life:*** on the rider anniversary date after the younger covered spouse reaches age 65, or on the rider effective date if the younger covered spouse is age 65 or older on the rider effective date (see "Annual Lifetime Payment Attained Age (ALPAA)" and "Annual Lifetime Payments (ALP)" headings below).

The basic benefit amount and the lifetime benefit amount can vary based on the relationship of your contract value to the Withdrawal Adjustment Base (WAB). When the first withdrawal is taken each contract year after the waiting period, the percentages used to determine the benefit amounts are set and fixed for the remainder of that year.

If you withdraw less than the allowed withdrawal amount in a contract year, the unused portion cannot be carried over to the next year.

If you withdraw more than the allowed withdrawal amount in a contract year, we call this an "excess withdrawal" under the rider. Excess withdrawals trigger an adjustment of a benefit's guaranteed amount, which may cause it to be reduced (see "GBA Excess Withdrawal Processing," "RBA Excess Withdrawal Processing," and "ALP Excess Withdrawal Processing" headings below).

Please note that basic benefit and lifetime benefit each has its own definition of the allowed annual withdrawal amount. Therefore a withdrawal may be considered an excess withdrawal for purposes of the lifetime benefit only, the basic benefit only, or both.

At any time after the waiting period, as long as your withdrawal does not exceed the greater of the basic benefit amount or the lifetime benefit amount, if established, you will not be assessed a surrender charge or any market value adjustment. If your withdrawals exceed the greater of the RBP or the RALP, surrender charges under the terms of the contract may apply (see "Charges and Adjustments – Transaction Expenses – Surrender Charge"). The amount we actually deduct from your contract value will be the amount you request plus any applicable surrender charge. Market value adjustments, if applicable, will also be made (see "Charges and Adjustments – Adjustments – Market Value Adjustments"). We pay you the amount you request. Any withdrawals you take under the contract will reduce the value of the death benefits (see "Benefits in Case of Death"). Upon full withdrawal, you will receive the remaining contract value less any applicable charges (see "Surrenders").

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Subject to conditions and limitations, an annual step-up can increase the basic benefit amount and the lifetime benefit amount, if your contract value has increased on a rider anniversary. Any amount we pay in excess of your contract value is subject to our financial strength and claims-paying ability.

The values associated with the basic benefit are GBA, RBA, GBP and RBP. The values associated with the lifetime benefit are ALP and RALP. ALP and GBP are similar in that they are the annual withdrawal amount for each benefit after the waiting period. RALP and RBP are similar in that they are the remaining amount that can be withdrawn during the current contract year for each benefit.

**Important *SecureSource Flex* Rider Considerations** 

You should consider whether a *SecureSource Flex* rider is appropriate for you taking into account the following considerations:

You will begin paying the rider charge as of the rider effective date, even if you do not begin taking withdrawals for many years. It is possible that your contract performance, fees and charges, and withdrawal pattern may be such that your contract value will not be depleted in your lifetime and you will not receive any monetary value under the rider.

• **Lifetime Benefit Limitations:** The lifetime benefit is subject to certain limitations, including but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ***Single Life:*** Once the contract value equals zero, payments are made for as long as the covered person is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime benefit terminates at the first death of any owner even if the covered person is still living (see "At Death" heading below). Therefore, if there are multiple contract owners, the lifetime benefit will terminate when one of the contract owners dies even though other contract owners are still living

**Joint Life:** Once the contract value equals zero, payments are made for as long as either covered spouse is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime benefit terminates at the death of the last surviving covered spouse (see "At Death" heading below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Excess withdrawals can reduce the ALP to zero even though the GBA, RBA, GBP and/or RBP values are greater than zero. If both the ALP and the contract value are zero, the lifetime benefit will terminate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) When the lifetime benefit is first established the initial ALP is based on the basic benefit's RBA at that time (see "Annual Lifetime Payment (ALP)" heading below). Any withdrawal you take before the ALP is established reduces the RBA and therefore may result in a lower amount of lifetime withdrawals you are allowed to take.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Withdrawals can reduce both the contract value and the RBA to zero prior to the establishment of the ALP. If this happens, the contract and the rider will terminate.

• **Withdrawals:** Please consider carefully when you start taking withdrawals from this rider. If you take any withdrawals during the 3-year waiting period, your benefits will be set to zero until the end of the waiting period when they will be re-established based on your contract value at that time. The first withdrawal request within the 3-year waiting period must be submitted in writing. Also, after the waiting period if you withdraw more than the allowed withdrawal amount in a contract year ("excess withdrawal"), the guaranteed amounts under the rider may be reduced.

• **Investment Allocation Restrictions:** You must be invested in one of the approved investment options. These funds are expected to reduce our financial risks and expenses associated with certain living benefits. Although the funds' investment strategies may help mitigate declines in your contract value due to declining equity markets, the funds' investment strategies may also curb your contract value gains during periods of positive performance by the equity markets. Additionally, investment in the funds may decrease the number and amount of any benefit base increase opportunities. (See "Principal Risks of Investing in the Contract: Managed Volatility Fund Risk" section.) We reserve the right to add, remove or substitute approved investment options at any time and in our sole discretion in the future. This requirement limits your choice of investments. This means you will not be able to allocate contract value to all of the subaccounts, GPAs or the regular fixed account that are available under the contract to contract owners who do not elect the rider. (See "Making the Most of Your Contract – Portfolio Navigator Program and Portfolio Stabilizer Funds.") You may allocate purchase payments to the Special DCA fixed account, when available, and we will make monthly transfers into the investment option you have chosen. You may make two elective investment option changes per contract year; we reserve the right to limit investment option changes if required to comply with the written instructions of a fund (see "Market Timing").

You can allocate your contract value to any available investment option during the following times: (1) prior to your first withdrawal and (2) following a benefit reset due to an investment option change as described below but prior to any subsequent withdrawal. During these accumulation phases, you may request to change your investment option to any available investment option.

Immediately following a withdrawal your contract value will be reallocated to the target investment option classification as shown in your contract if your current investment option is more aggressive than the target investment option classification. If you are in the static model portfolio, this reallocation will be made to the applicable fund of funds investment option. This automatic reallocation is not included in the total number of allowed investment option changes

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per contract year and will not cause your rider fee to increase. The target investment option classification is currently the Moderate investment option. We reserve the right to change the target investment option classification to an investment option that is more aggressive than the Moderate investment option after 30 days written notice.

After you have taken a withdrawal and prior to any benefit reset as described below, you are in a withdrawal phase. During withdrawal phases you may request to change your investment option to the target investment option or investment option that is more conservative than the Moderate investment option without a benefit reset as described below. If you are in a withdrawal phase and you choose to allocate your contract value to an investment option that is more aggressive than the target investment option, you will be in the accumulation phase again. If this is done after the waiting period, your rider benefit will be reset as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the total GBA will be reset to the contract value, if your contract value is less; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total RBA will be reset to the contract value, if your contract value is less; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the ALP, if established, will be reset to your current ALP Percentage (either 6% or 5% as described under "GBP Percentage and ALP Percentage" heading below) times the contract value, if this amount is less than the current ALP; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the GBP will be recalculated as described below, based on the reset GBA and RBA; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the RBP will be recalculated as the reset GBP less all prior withdrawals taken during the current contract year, but not less than zero; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the RALP will be recalculated as the reset ALP less all prior withdrawals taken during the current contract year, but not less than zero; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the WAB will be reset as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the ALP has not been established, the WAB will be equal to the reset GBA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the ALP has been established, the WAB will be equal to the reset ALP, divided by the current ALP Percentage.

You may request to change your investment option by written request on an authorized form or by another method agreed to by us.

• **Non-Cancelable:** Once elected, the *SecureSource Flex* rider may not be cancelled (except as provided under "Rider Termination" heading below) and the fee will continue to be deducted until the contract or rider is terminated or the contract value reduces to zero (described below).

Dissolution of marriage does not terminate the *SecureSource Flex* – Joint Life rider and will not reduce the fee we charge for this rider. The benefit under the *SecureSource Flex* – Joint Life rider continues for the covered spouse who is the owner of the contract (or annuitant in the case of nonnatural ownership). The rider will terminate at the death of the contract owner (or annuitant in the case of nonnatural ownership) because the original covered spouse will be unable to elect the spousal continuation provision of the contract (see "Joint Life only: Covered Spouses" below).

• **Joint Life: Limitations on Contract Owners, Annuitants and Beneficiaries:** Since the joint life benefit will terminate unless the surviving covered spouse continues the contract under the spousal option to continue the contract upon the owner's death provision, only ownership arrangements that permit such continuation, are allowed at rider issue. In general, the covered spouses should be joint owners, or one covered spouse should be the owner and the other covered spouse should be named as the sole primary beneficiary. You are responsible for establishing ownership arrangements that will allow for spousal continuation.

If you select the *SecureSource Flex* – Joint Life rider, please consider carefully whether or not you wish to change the beneficiary of your annuity contract. The rider will terminate if the surviving covered spouse cannot utilize the spousal continuation provision of the contract when the death benefit is payable.

• **Limitations on Purchase Payments:** We reserve the right to limit the cumulative amount of purchase payments (subject to state restrictions), which may limit your ability to make additional purchase payments to increase your contract value as you may have originally intended. For current purchase payment restrictions, please see "Buying Your Contract — Purchase Payments".

• **Interaction with Total Free Amount (TFA) contract provision:** The TFA is the amount you are allowed to withdraw from the contract in each contract year without incurring a surrender charge (see "Charges and Adjustments – Transaction Expenses – Surrender Charge"). The TFA may be greater than the RBP or RALP under this rider. Any amount you withdraw under the contract's TFA provision that exceeds the RBP or RALP is subject to the excess withdrawal processing described below for the GBA, RBA and ALP. Also, any amount you withdraw during the waiting period will set all benefits under the rider to zero until the end of the waiting period when they will be reestablished based on the contract value at that time.

You should consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation because:

• **Tax Considerations for Nonqualified Annuities:** Under current federal income tax law, withdrawals under nonqualified annuities, including withdrawals taken from the contract under the terms of the rider, are treated less favorably than

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amounts received as annuity payments under the contract (see "Taxes — Nonqualified Annuities"). Withdrawals are taxable income to the extent of earnings. Withdrawals of earnings before age 59½ may incur a 10% IRS early withdrawal penalty. You should consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation.

• **Tax Considerations for Qualified Annuities:** Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes – Qualified Annuities – Required Minimum Distributions"). If you have a qualified annuity, you may need to take an RMD during the waiting period and such withdrawals will set all benefits under the rider to zero until the end of the waiting period when they will be reestablished based on the contract value at that time. While the rider permits certain excess withdrawals to be taken after the waiting period for the purpose of satisfying RMD requirements for your contract alone without reducing future benefits guaranteed under the rider, there can be no guarantee that changes in the federal income tax law after the effective date of the rider will not require a larger RMD to be taken, in which case, future guaranteed withdrawals under the rider could be reduced. See Appendix E for additional information.

• **Limitations on Tax-Sheltered Annuities (TSAs):** Your right to take withdrawals is restricted if your contract is a TSA (see "TSA – Special Provisions").

• **Treatment of Non-Spousal Distributions:** Unless you are married your beneficiary will be required to take distributions as a non-spouse which may result in significantly decreasing the value of the rider. Please note civil unions and domestic partnerships generally are not recognized as marriages for federal tax purposes. For additional information see "Taxes – Other – Spousal status" section of this prospectus.

**Basic Benefit Description** 

**The GBA and RBA are determined at the following times, subject to the maximum amount of $5,000,000, calculated as described:** 

• *At contract issue* — the GBA and RBA are equal to the initial purchase payment, plus any purchase payment credit.

• *When you make additional purchase payments* — If a withdrawal is taken during the waiting period, the GBA and RBA will not change when a subsequent purchase payment is made during the waiting period. Prior to any withdrawal during the waiting period and after the waiting period, each additional purchase payment will have its own GBA and RBA established equal to the amount of the purchase payment, plus any purchase payment credit.

• *At step up* — (see "Annual Step Up" heading below).

• *At spousal continuation* — (see "Spousal Option to Continue the Contract upon Owner's Death" heading below).

• *When an individual RBA is reduced to zero* — the GBA that is associated with that RBA will also be set to zero.

• *When you take a withdrawal during the waiting period* — the total GBA and total RBA will be set equal to zero until the end of the waiting period.

• *When you take a withdrawal after the waiting period and the amount withdrawn is:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *less than or equal to the total RBP* — the total RBA is reduced by the amount of the withdrawal and the GBA remains unchanged. If there have been multiple purchase payments, both the total GBA and each payment's GBA remain unchanged, and each payment's RBA is reduced in proportion to its RBP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *greater than the total RBP* — **excess withdrawal processing will be applied to the GBA and RBA.** 

• *On the rider anniversary at the end of the waiting period* — If the first withdrawal is taken during the waiting period and you did not decline a rider fee increase, the total GBA and the total RBA will be reset to the contract value.

If the first withdrawal is taken during the waiting period and you decline a rider fee increase, the total GBA and the total RBA will be reset to the lesser of (1) the GBA at the time of the first withdrawal, plus any additional purchase payments and any purchase payment credits since the time of the first withdrawal, minus all withdrawals, or (2) the contract value.

• *Upon certain changes to your PN program investment option* — *(See "Use of Portfolio Navigator Program Required," described above).*

**GBA Excess Withdrawal Processing** 

The total GBA will automatically be reset to the lesser of (a) the total GBA immediately prior to the withdrawal; or (b) the contract value immediately following the withdrawal. If there have been multiple purchase payments, each payment's GBA after the withdrawal will be reset to equal that payment's RBA after the withdrawal plus (a) times (b), where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the ratio of the total GBA after the withdrawal less the total RBA after the withdrawal to the total GBA before the withdrawal less the total RBA after the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is each payment's GBA before the withdrawal less that payment's RBA after the withdrawal.

**RBA Excess Withdrawal Processing** 

The total RBA will automatically be reset to the lesser of (a) the contract value immediately following the withdrawal, or (b) the total RBA immediately prior to the withdrawal, less the amount of the withdrawal.

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If there have been multiple purchase payments, both the total RBA and each payment's RBA will be reset. The total RBA will be reset according to the excess withdrawal processing described above. Each payment's RBA will be reset in the following manner:

1. The withdrawal amount up to the total RBP is taken out of each RBA bucket in proportion to its individual RBP at the time of the withdrawal; and

2. The withdrawal amount above the total RBP and any amount determined by the excess withdrawal processing are taken out of each RBA bucket in proportion to its RBA at the time of the withdrawal.

**GBP Percentage and ALP Percentage:** We use two percentages (6% and 5%) to calculate your GBP and ALP. The percentage used can vary as described below:

During the waiting period, 6% will be used to determine the amount payable to beneficiaries under the RBA payout option described below. After the waiting period, a comparison of your contract value and the WAB determines your GBP percentage and ALP percentage, unless the percentage is fixed as described below. On each valuation date, if the benefit determining percentage is less than the 20% adjustment threshold, then 6% is used in calculating your GBP and ALP; otherwise, 5% is used. Market volatility and returns and the deduction of fees could impact your benefit determining percentage. The benefit determining percentage is calculated as follows but will not be less than zero:

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| | | |
|:---|:---|:---|
| **1** | **—** | **(a/b)** |
| **a** | = | contract value at the end of the prior valuation period |
| **b** | = | WAB at the end of the prior valuation period |

---

When the first withdrawal in a contract year is taken, the GBP percentage and ALP percentage will be set and fixed for the remainder of that contract year. Beginning on the next rider anniversary, the GBP percentage and ALP percentage can change on each valuation date as described above until a withdrawal is taken in that contract year.

Under certain limited situations, your GBP percentage and ALP percentage will not vary each contract year. They will be set at the earliest of (1), (2) or (3) below and remain fixed for as long as the benefit is payable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) when the RBA payout option is elected, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if the ALP is established, when your contract value on a rider anniversary is less than two times the ALP (for the purpose of this calculation only, the ALP is determined using 5%; the ALP percentage used to determine your ALP going forward will be either 6% or 5%), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) when the contract value reduces to zero.

For certain periods of time at our discretion and on a non-discriminatory basis, your GBP percentage and ALP percentage may be set by us to 6% if more favorable to you.

**Withdrawal Adjustment Base (WAB):** One of the components used to determine GBP percentage and ALP percentage. The maximum WAB is $5,000,000. The WAB cannot be withdrawn or annuitized and is not payable as a death benefit,

**The WAB is determined at the following times, calculated as described:** 

• *At Rider Effective Date* — the WAB is set equal to the initial purchase payment, plus any purchase payment credit.

• *When a subsequent purchase payment is made* — before a withdrawal is taken in the waiting period and at any time after the waiting period, the WAB will be increased by the amount of each additional purchase payment, plus any purchase payment credit.

• *When a withdrawal is taken* — if the first withdrawal is taken during the waiting period, the WAB will be set equal to zero until the end of the waiting period.

Whenever a withdrawal is taken after the waiting period, the WAB will be reduced by the amount in (A) unless the withdrawal is an excess withdrawal for the lifetime benefit (or the basic benefit if the ALP is not established) when it will be set equal to the amount in (B).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) The WAB is reduced by an amount as calculated below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **a × b** | where: |
| **c** | where: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **a** | = | the amount the contract value is reduced by the withdrawal |
| **b** | = | WAB on the date of (but prior to) the withdrawal |
| **c** | = | the contract value on the date of (but prior to) the withdrawal. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) If the ALP is not established and the current withdrawal exceeds the RBP, the WAB will be reset to the GBA immediately following excess withdrawal processing.

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If the ALP is established and the current withdrawal exceeds the RALP, the WAB will be reset to the ALP divided by the current ALP percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above). In this calculation, we use the ALP immediately following excess withdrawal processing.

• *On rider anniversaries* — unless you decline a rider fee increase, the WAB will be increased to the contract value on each rider anniversary, if the contract value is greater, except as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) If a withdrawal is taken during the waiting period, the WAB will be increased to the contract value on each rider anniversary beginning at the end of the waiting period, if the contract value is greater.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) If you decline a rider fee increase and a withdrawal is taken during the waiting period, on the third anniversary the WAB will be reset to the lesser of (1) the GBA at the time of the first withdrawal, plus any additional purchase payments and any purchase payment credits since the time of the first withdrawal, minus all withdrawals, or (2) the contract value.

• *Upon certain changes to your PN program investment option* — (See "Use of Portfolio Navigator Program Required," described above).

**Guaranteed Benefit Payment (GBP):** At any time, the amount available for withdrawal in each contract year after the waiting period, until the RBA is reduced to zero, under the basic benefit. After the waiting period the annual withdrawal amount guaranteed under the rider can vary each contract year. At any point in time, each payment's GBP is the lesser of (a) and (b) where (a) is the GBA for that payment multiplied by the current GBP percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above) and (b) is the RBA for that payment. The total GBP is the sum of the GBPs for each purchase payment.

**Remaining Benefit Payment (RBP):** The amount available for withdrawal for the remainder of the contract year under the basic benefit. At any point in time, the total RBP is the sum of the RBPs for each purchase payment.

**The RBP is determined at the following times, calculated as described:** 

• *During the waiting period* — the RBP will be zero.

• *At the beginning of any contract year after the waiting period and when the GBP percentage changes* — the RBP for each purchase payment is set equal to that purchase payment's GBP.

• *When you make additional purchase payments after the waiting period* — each additional purchase payment has its own RBP equal to the purchase payment, plus any purchase payment credit, multiplied by the GBP percentage.

• *At step up* — (see "Annual Step Up" heading below).

• *At spousal continuation* — (see "Spousal Option to Continue the Contract upon Owner's Death" heading below).

• *When you make any withdrawal after the waiting period* — the total RBP is reset to equal the total RBP immediately prior to the withdrawal less the amount of the withdrawal, but not less than zero. If there have been multiple purchase payments, each payment's RBP is reduced proportionately. **If you withdraw an amount greater than the RBP, GBA excess withdrawal processing and RBA excess withdrawal processing are applied** and the amount available for future withdrawals for the remainder of the contract's life may be reduced by more than the amount of withdrawal. When determining if a withdrawal will result in the excess withdrawal processing, the applicable RBP will not yet reflect the amount of the current withdrawal.

**Lifetime Benefit Description** 

***Single Life only: Covered* Person:** The person whose life is used to determine when the ALP is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered person is the oldest contract owner. If any owner is a nonnatural person, i.e., a trust or corporation, the covered person is the oldest annuitant.

***Joint Life only:* Covered Spouses:** The contract owner and his or her legally married spouse as defined under federal law, as named on the application for as long as the marriage is valid and in effect. If any contract owner is a nonnatural person (e.g., a trust), the covered spouses are the annuitant and the legally married spouse of the annuitant. The covered spouses lives are used to determine when the ALP is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered spouses are established on the rider effective date and cannot be changed.

**Annual Lifetime Payment Attained Age (ALPAA):** 

• ***Single Life:*** The covered person's age after which time the lifetime benefit can be established. Currently, the lifetime benefit can be established on the later of the contract effective date or the contract anniversary date on/following the date the covered person reaches age 65.

• ***Joint Life:*** The age of the younger covered spouse at which time the lifetime benefit is established.

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**Annual Lifetime Payment (ALP):** The ALP is the lifetime benefit amount available for withdrawals in each contract year after the waiting period until the later of:

• ***Single Life:*** death; or

• ***Joint Life:*** death of the last surviving covered spouse; or

• the RBA is reduced to zero.

The maximum ALP is $300,000. Prior to establishment of the ALP, the lifetime benefit is not in effect and the ALP is zero.

**The ALP is determined at the following times:** 

• ***Single Life:*** Initially the ALP is established on the earliest of the following dates:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the rider effective date if the covered person has already reached age 65,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the rider anniversary following the date the covered person reaches age 65,

–

if during the waiting period and no prior withdrawal has been taken; or

–

if after the waiting period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the rider anniversary following the end of the waiting period if the covered person is age 65 before the end of the waiting period and a prior withdrawal had been taken.

The ALP is established as the total RBA multiplied by the ALP percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above).

• ***Joint Life:*** Initially the ALP is established on the earliest of the following dates:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the rider effective date if the younger covered spouse has already reached age 65.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the rider anniversary on/following the date the younger covered spouse reaches age 65.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) upon the first death of a covered spouse, then

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the date we receive written request when the death benefit is not payable and the surviving covered spouse has already reached age 65; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the date spousal continuation is effective when the death benefit is payable and the surviving covered spouse has already reached age 65; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the rider anniversary on/following the date the surviving covered spouse reaches age 65.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Following dissolution of marriage of the covered spouses,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the date we receive written request if the remaining covered spouse who is the owner (or annuitant in the case of nonnatural ownership) has already reached age 65; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the rider anniversary on/following the date the remaining covered spouse who is the owner (or annuitant in the case of nonnatural ownership) reaches age 65.

For (b), (c) and (d) above, if the date described occurs during the waiting period and a prior withdrawal had been taken, we use the rider anniversary following the end of the waiting period to establish the ALP.

The ALP is established as the total RBA multiplied by the ALP percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above).

• *Whenever the ALP Percentage changes* —

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the ALP percentage is changing from 6% to 5%, the ALP is reset to the ALP multiplied by 5%, divided by 6%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If the ALP percentage is changing from 5% to 6%, the ALP is reset to the ALP multiplied by 6%, divided by 5%.

• *When you make an additional purchase payment* — Before a withdrawal is taken in the waiting period and at any time after the waiting period, each additional purchase payment increases the ALP by the amount of the purchase payment, plus any purchase payment credit, multiplied by the ALP percentage.

• *When you make a withdrawal:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During the waiting period, the ALP, if established, will be set equal to zero until the end of the waiting period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) After the waiting period, if the amount withdrawn is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) less than or equal to the RALP, the ALP is unchanged.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) greater than the RALP, ALP excess withdrawal processing will occur.

If you withdraw less than the ALP in a contract year, there is no carry over to the next contract year.

• *On the rider anniversary at the end of the waiting period* — If you took a withdrawal during the waiting period, the ALP is set equal to the contract value multiplied by the ALP percentage if the covered person (Joint Life: younger covered spouse) has reached age 65.

• *At step ups* — (see "Annual Step Up" heading below).

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• *At spousal continuation* — (see "Spousal Option to Continue the Contract upon Owner's Death" heading below).

• *Upon certain changes to your PN program investment option* — (see "Use of Portfolio Navigator Program Required," heading above).

**ALP Excess Withdrawal Processing** 

The ALP is reset to the lesser of the ALP immediately prior to the withdrawal, or the ALP percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above) multiplied by the contract value immediately following the withdrawal.

**Remaining Annual Lifetime Payment (RALP):** The amount available for withdrawal for the remainder of the contract year under the lifetime benefit. Prior to establishment of the ALP, the lifetime benefit is not in effect and the RALP is zero.

**The RALP is determined at the following times:** 

• *The RALP is established at the same time as the ALP, and:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During the waiting period — the RALP will be zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) At any other time — the RALP is established equal to the ALP less all prior withdrawals taken in the contract year but not less than zero.

• *At the beginning of each contract year after the waiting period and when the ALP percentage changes* — the RALP is set equal to the ALP.

• *When you make additional purchase payments after the waiting period* — each additional purchase payment increases the RALP by the purchase payment, plus any purchase payment credit, multiplied by the ALP percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above).

• *At step ups* — (see "Annual Step Up" headings below).

• *At spousal continuation* — (see "Spousal Option to Continue the Contract upon Owner's Death" heading below).

• *When you make any withdrawal after the waiting period* — the RALP equals the RALP immediately prior to the withdrawal less the amount of the withdrawal but not less than zero. **If you withdraw an amount greater than the RALP, ALP excess withdrawal processing is applied** and may reduce the amount available for future withdrawals. When determining if a withdrawal will result in excess withdrawal processing, the applicable RALP will not yet reflect the amount of the current withdrawal.

**Other Provisions** 

**Required Minimum Distributions (RMD):** If you are taking RMDs from your contract and your RMD calculated separately for your contract is greater than the RBP or the RALP on the most recent contract anniversary, the portion of your RMD that exceeds the benefit amount will not be subject to excess withdrawal processing provided that the following conditions are met:

• The withdrawal is after the waiting period;

• The RMD is for your contract alone;

• The RMD is based on your recalculated life expectancy taken from the Uniform Lifetime Table under the Code; and

• The RMD amount is otherwise based on the requirements of section 401(a) (9), related Code provisions and regulations thereunder that were in effect on the effective date of the rider.

RMD rules follow the calendar year which most likely does not coincide with your contract year and therefore may limit when you can take your RMD and not be subject to excess withdrawal processing. Any withdrawal during the waiting period will reset the basic benefit and lifetime benefit at the end of the waiting period. After the waiting period, withdrawal amounts greater than the RALP or RBP that do not meet the conditions above will result in excess withdrawal processing. The amount in excess of the RBP and/or RALP that is not subject to excess withdrawal processing will be recalculated if the RALP and RBP change due to GBP percentage and ALP percentage changes. See Appendix E for additional information.

**Annual Step-up:** Beginning with the first contract anniversary, an increase of the benefit values may be available. A step-up does not create contract value, guarantee the performance of any investment option, or provide a benefit that can be withdrawn in a lump sum or paid upon death. Rather, a step-up determines the current values of the GBA, RBA, GBP, RBP, ALP and RALP, and may extend the payment period or increase the allowable payment. If there have been multiple payments and the GBA increases due to the step-up, the individual GBAs, RBAs, GBPs, and RBPs will be combined.

The annual step-up may be available as described below, subject to the maximum GBA, RBA and ALP and subject to the following rules:

• You have not declined a rider fee increase.

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• If you take any withdrawals during the waiting period the annual step-up will not be available until the rider anniversary following the end of the waiting period.

• On any rider anniversary where your contract value is greater than the RBA or, your contract value multiplied by the ALP Percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above) is greater than the ALP, if established, the annual step-up will be applied to your contract on the rider anniversary.

• The ALP and RALP are not eligible for step-ups until they are established. Prior to being established, the ALP and RALP values are both zero.

• Please note it is possible for the ALP to step-up even if the RBA or GBA do not step-up, and it is also possible for the RBA and GBA to step-up even if the ALP does not step-up.

The annual step-up resets the GBA, RBA, GBP, RBP, ALP and RALP values as follows:

• The total RBA will be increased to the contract value on the rider anniversary, if the contract value is greater.

• The total GBA will be increased to the contract value on the rider anniversary, if the contract value is greater.

• The total GBP will be reset using the calculation as described above based on the increased GBA and RBA.

• The total RBP will be reset as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During the waiting period, the RBP will not be affected by the step-up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) After the waiting period, the RBP will be reset to the increased GBP.

• The ALP will be increased to the contract value on the rider anniversary multiplied by the ALP percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above), if greater than the current ALP.

• The RALP will be reset as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During the waiting period, the RALP will not be affected by the step-up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) After the waiting period, the RALP will be reset to the increased ALP.

**Spousal Option to Continue the Contract upon Owner's Death ("spousal continuation"):** 

***Single Life:*** If a surviving spouse elects to continue the contract and continues the contract as the new owner under the spousal continuation provision of the contract, the *SecureSource Flex* — Single Life rider terminates.

***Joint Life:*** If a surviving spouse is a covered spouse and elects the spousal continuation provision of the contract as the new owner, the *SecureSource Flex* — Joint Life rider also continues. The surviving covered spouse can name a new beneficiary; however, a new covered spouse cannot be added to the rider.

At the time of spousal continuation, a step-up may be available. If you decline a rider fee increase or the spousal continuation occurs during the waiting period and a withdrawal was taken, a step up is not available. All annual step-up rules (see "Annual Step-Up" heading above) also apply to the spousal continuation step-up except that a) the RBP will be calculated as the GBP after the step-up less all prior withdrawals taken during the current contract year, but not less than zero, and b) the RALP will be calculated as the ALP after the step-up less all prior withdrawals taken during the current contract year, but not less than zero. The spousal continuation step-up is processed on the valuation date spousal continuation is effective.

**Rules for Withdrawal Provision of Your Contract:** Minimum account values following a withdrawal no longer apply to your contract. For withdrawals, the withdrawal will be taken from the variable subaccounts and the regular fixed account (if applicable) in the same proportion as your interest in each bears to the contract value less amounts in any Special DCA fixed account. You cannot specify from which accounts the withdrawal is to be taken.

**If Contract Value Reduces to Zero:** If the contract value reduces to zero, you will be paid in the following scenarios:

1)

The ALP has not yet been established, the total RBA is greater than zero and the contract value is reduced to zero as a result of fees or charges or a withdrawal that is less than or equal to the RBP. In this scenario, you can choose to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) receive the remaining schedule of GBPs until the RBA equals zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ***Single Life:*** wait until the rider anniversary following the date the covered person reaches age 65, and then receive the ALP annually until the latter of (i) the death of the covered person, or (ii) the RBA is reduced to zero.

***Joint Life:*** wait until the rider anniversary following the date the younger covered spouse reaches age 65, and then receive the ALP annually until the latter of (i) the death of the last surviving covered spouse, or (ii) the RBA is reduced to zero.

We will notify you of this option. If no election is made, the ALP will be paid.

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2)

The ALP has been established, the total RBA is greater than zero and the contract value reduces to zero as a result of fees or charges, or a withdrawal that is less than or equal to both the RBP and the RALP. In this scenario, you can choose to receive:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the remaining schedule of GBPs until the RBA equals zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ***Single Life:*** the ALP annually until the latter of (i) the death of the covered person, or (ii) the RBA is reduced to zero.

***Joint Life:*** the ALP annually until the latter of (i) the death of the last surviving covered spouse, or (ii) the RBA is reduced to zero.

We will notify you of this option. If no election is made, the ALP will be paid.

3)

The ALP has been established and the contract value falls to zero as a result of a withdrawal that is greater than the RALP but less than or equal to the RBP. In this scenario, the remaining schedule of GBPs will be paid until the RBA equals zero.

4)

The ALP has been established and the contract value falls to zero as a result of a withdrawal that is greater than the RBP but less than or equal to the RALP. In this scenario, the ALP will be paid annually until the death of the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Single Life:*** covered person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Joint Life:*** last surviving covered spouse.

Under any of these scenarios:

• The annualized amounts will be paid to you in monthly installments. If the monthly payment is less than $100, we have the right to change the frequency but no less frequent than annually;

• We will no longer accept additional purchase payments;

• You will no longer be charged for the rider;

• Any attached death benefit riders will terminate;

• In determining the remaining schedule of GBPs, the current GBP is fixed for as long as payments are made.

• ***Single Life:*** The death benefit becomes the remaining payments, if any, until the RBA is reduced to zero; and

• ***Joint Life:*** If the owner had been receiving the ALP, upon the first death the ALP will continue to be paid annually until the later of: 1) the death of the last surviving covered spouse or 2) the RBA is reduced to zero. In all other situations the death benefit becomes the remaining payments, if any, until the RBA is reduced to zero.

The *SecureSource Flex* rider and the contract will terminate under either of the following two scenarios:

• If the ALP is established and the RBA is zero, and if the contract value falls to zero as a result of a withdrawal that is greater than the RALP. This is full withdrawal of the contract value.

• If the ALP is not established and the RBA is zero, and if the contract value falls to zero as a result of fees, charges or a withdrawal.

**At Death:** 

***Single Life:*** If the contract is jointly owned and an owner dies when the contract value is greater than zero, the lifetime benefit for the covered person will cease even if the covered person is still living.

If the contract value is greater than zero when the death benefit becomes payable, the beneficiary may: 1) elect to take the death benefit under the terms of the contract, 2) take the RBA payout option available under this rider, or 3) continue the contract under the spousal continuation provision of the contract which terminates the rider.

If the contract value equals zero and the death benefit becomes payable, the following will occur:

• If the RBA is greater than zero and the owner has been receiving the GBP each year, the GBP will continue to be paid to the beneficiary until the RBA equals zero.

• If the covered person dies and the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the RBA equals zero.

• If the covered person is still alive and the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the later of the death of the covered person or the RBA equals zero.

• If the covered person is still alive and the RBA equals zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the death of the covered person.

• If the covered person dies and the RBA equals zero, the benefit terminates. No further payments will be made.

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***Joint Life:*** If the death benefit becomes payable at the death of a covered spouse, the surviving covered spouse must utilize the spousal continuation provision of the contract and continue the contract as the new owner to continue the joint benefit. If spousal continuation is not available under the terms of the contract, the rider terminates. The lifetime benefit of this rider ends at the death of the last surviving covered spouse.

If the contract value is greater than zero when the death benefit becomes payable, the beneficiary may: 1) elect to take the death benefit under the terms of the contract, 2) take the RBA payout option available under this rider, or 3) continue the contract under the spousal continuation provision of the contract.

If the contract value equals zero at the first death of a covered spouse, the ALP will continue to be paid annually until the later of: 1) the death of the last surviving covered spouse or 2) the RBA is reduced to zero.

If the contract value equals zero at the death of the last surviving covered spouse, the following will occur:

• If the RBA is greater than zero and the owner has been receiving the GBP each year, the GBP will continue to be paid to the beneficiary until the RBA equals zero.

• If the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the RBA equals zero.

• If the RBA equals zero, the benefit terminates. No further payments will be made.

**Contract Ownership Change:** 

***Single Life:*** If allowed by state law, change of ownership is subject to our approval. If there is a change of ownership and the covered person remains the same, the rider continues with no change to any of the rider benefits. If there is a change of ownership and the covered person would be different, the rider terminates. Effective May 1, 2016, joint ownership and joint annuitants are not allowed.

***Joint Life:*** Ownership changes are only allowed between the covered spouses or their revocable trust(s) and are subject to our approval, if allowed by state law. No other ownership changes are allowed as long as the rider is in force.

**Remaining Benefit Amount (RBA) Payout Option:** Several annuity payout plans are available under the contract. As an alternative to these annuity payout plans, a fixed annuity payout option is available under the SecureSource Flex rider after the waiting period.

Under this option the amount payable each year will be equal to the remaining schedule of GBPs, but the total amount paid will not exceed the current total RBA at the time you begin this fixed annuity payout option. These annualized amounts will be paid in monthly installments. If the monthly payment is less than $100, we have the right to change the frequency, but no less frequently than annually. If, at the death of the owner, total payouts have been made for less than the RBA, the remaining payouts will be paid to the beneficiary (see "The Annuity Payout Period" and "Taxes").

This option may not be available if the contract is issued to qualify under section 403 or 408 of the Code, as amended. For such contracts, this option will be available only if the guaranteed payment period is less than the life expectancy of the owner at the time the option becomes effective. Such life expectancy will be computed using a life expectancy table published by the IRS.

This annuity payout option may also be elected by the beneficiary when the death benefit is payable if payments begin no later than one year after your death and the payout period does not extend beyond the beneficiary's life or life expectancy. Whenever multiple beneficiaries are designated under the contract, each such beneficiary's share of the proceeds if they elect this option will be in proportion to their applicable designated beneficiary percentage. Beneficiaries of nonqualified contracts may elect this settlement option subject to the distribution requirements of the contract. We reserve the right to adjust the remaining schedule of GBPs if necessary to comply with the Code.

**Rider Termination** 

The *SecureSource Flex* rider cannot be terminated either by you or us except as follows:

***Single Life:*** a change of ownership that would result in a different covered person will terminate the rider.

2. ***Single Life:*** After the death benefit is payable, continuation of the contract will terminate the rider.

3. ***Joint Life:*** After the death benefit is payable the rider will terminate if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any one other than a covered spouse continues the contract, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a covered spouse does not use the spousal continuation provision of the contract to continue the contract.

4. Annuity payouts under an annuity payout plan will terminate the rider.

5. You may terminate the rider if your annual rider fee after any fee increase is more than 0.25% higher than your fee before the increase (See "Charges and Adjustments – Optional Benefit Charges – Optional Living Benefit Charges – *SecureSource Flex* Rider Fee").

6. When the RBA and contract value are zero and either the ALP is not established or an excess withdrawal of the RALP is taken, the rider will terminate.

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7. Termination of the contract for any reason will terminate the rider.

Guaranteed Minimum Accumulation Benefit (Accumulation Benefit) Rider

**The Accumulation Benefit rider is not available for RAVA 4 Access. This rider is not available for contracts purchased on or after Feb. 27, 2012.** 

The Accumulation Benefit rider is an optional benefit that you may select for an additional charge. Currently, it is available for nonqualified annuities and qualified annuities. Effective on or about June 20, 2011, the Accumulation Benefit rider will be available under 401(a) plans. The Accumulation Benefit rider specifies a waiting period that ends on the benefit date. The Accumulation Benefit rider provides a one-time adjustment to your contract value on the benefit date if your contract value is less than the Minimum Contract Accumulation Value (defined below) on that benefit date. On the benefit date, if the contract value is equal to or greater than the Minimum Contract Accumulation Value, as determined under the Accumulation Benefit rider, the Accumulation Benefit rider ends without value and no benefit is payable.

If the contract value falls to zero as the result of adverse market performance or the deduction of fees and/or charges at any time during the waiting period and before the benefit date, the contract and all riders, including the Accumulation Benefit rider will terminate without value and no benefits will be paid. **Exception:** if you are still living on the benefit date, we will pay you an amount equal to the Minimum Contract Accumulation Value as determined under the Accumulation Benefit rider on the valuation date your contract value reached zero.

If you are (or if the owner is a non-natural person, then the annuitant is) 80 or younger at contract issue and this rider is available in your state, you may elect the Accumulation Benefit rider at the time you purchase your contract and the rider effective date will be the contract issue date. The Accumulation Benefit rider may not be terminated once you have elected it except as described in the "Terminating the Rider" section below. An additional charge for the Accumulation Benefit rider will be assessed annually during the waiting period. The rider ends when the waiting period expires and no further benefit will be payable and no further charges for the rider will be deducted. After the waiting period, you have the following options:

&nbsp;&nbsp;&nbsp;&nbsp;• Continue your contract;

&nbsp;&nbsp;&nbsp;&nbsp;• Take partial surrenders or make a full surrender; or

&nbsp;&nbsp;&nbsp;&nbsp;• Annuitize your contract.

The Accumulation Benefit rider may not be purchased with the optional GWB for Life rider or SecureSource rider.

You should consider whether an Accumulation Benefit rider is appropriate for you because:

• you must be invested in one of the approved investment options. This requirement limits your choice of Investments. This means you will not be able to allocate contract value to all of the subaccounts, or the regular fixed account that are available under the contract to other contract owners who do not elect this rider. You may allocate qualifying purchase payments and applicable purchase payment credits to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and we will make monthly transfers into the investment option you have chosen. (See "Making the Most of Your Contract – Portfolio Navigator Program and Portfolio Stabilizer Funds");

• you may not make additional purchase payments to your contract during the waiting period after the first 180 days immediately following the effective date of the Accumulation Benefit rider. Some exceptions apply (see "Additional Purchase Payments with Elective Step-Up" below);

• if you purchase this contract as a qualified annuity, for example, an IRA, you may need to take partial surrenders from your contract to satisfy the RMDs under the Code. Partial surrenders, including those used to satisfy RMDs, will reduce any potential benefit that the Accumulation Benefit rider provides. You should consult your tax advisor if you have any questions about the use of this rider in your tax situation;

• if you think you may surrender all of your contract value before you have held your contract with this benefit rider attached for 10 years, or you are considering selecting an annuity payout option within 10 years of the effective date of your contract, you should consider whether this optional benefit is right for you. You must hold the contract a minimum of 10 years from the effective date of the Accumulation Benefit rider, which is the length of the waiting period under the Accumulation Benefit rider, in order to receive the benefit, if any, provided by the Accumulation Benefit rider. In some cases, as described below, you may need to hold the contract longer than 10 years in order to qualify for any benefit the Accumulation Benefit rider may provide;

• the 10 year waiting period under the Accumulation Benefit rider will restart if you exercise the elective step-up option (described below) or your surviving spouse exercises the spousal continuation elective step-up (described below); and

• the 10 year waiting period under the Accumulation Benefit rider may be restarted if you elect to change your PN program investment option to one that causes the Accumulation Benefit rider charge to increase (see "Charges and Adjustments").

Be sure to discuss with your financial advisor whether an Accumulation Benefit rider is appropriate for your situation.

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**Here are some general terms that are used to describe the operation of the Accumulation Benefit:** 

**Benefit Date:** This is the first valuation date immediately following the expiration of the waiting period.

**Minimum Contract Accumulation Value (MCAV):** An amount calculated under the Accumulation Benefit rider. The contract value will be increased to equal the MCAV on the benefit date if the contract value on the benefit date is less than the MCAV on the benefit date.

**Adjustments for Partial Surrenders:** The adjustment made for each partial surrender from the contract is equal to the amount derived from multiplying (a) and (b) where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is 1 minus the ratio of the contract value on the date of (but immediately after) the partial surrender to the contract value on the date of (but immediately prior to) the partial surrender; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the MCAV on the date of (but immediately prior to) the partial surrender.

**Waiting Period:** The waiting period for the rider is 10 years.

We reserve the right to restart the waiting period on the latest contract anniversary if you change your investment option after we have exercised our rights to increase the rider fee.

Your initial MCAV is equal to your initial purchase payment and any purchase payment credit. It is increased by the amount of any subsequent purchase payments and purchase payment credits received within the first 180 days that the rider is effective. It is reduced by any adjustments for partial surrenders made during the waiting period.

**Automatic Step-Up** 

On each contract anniversary after the effective date of the rider, the MCAV will be set to the greater of:

1. 80% of the contract value on the contract anniversary; or

2. the MCAV immediately prior to the automatic step-up.

The automatic step-up does not create contract value, guarantee the performance of any investment option, or provide a benefit that can be surrendered or paid upon death. Rather, the automatic step-up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date.

The automatic step-up of the MCAV does not restart the waiting period or increase the fee (although the total fee for the rider may increase).

**Elective Step-Up Option** 

Within thirty days following each contract anniversary after the rider effective date, but prior to the benefit date, you may notify us in writing that you wish to exercise the annual elective step-up option. You may exercise this elective step-up option only once per contract year during this 30 day period. If your contract value on the valuation date we receive your written request to step-up is greater than the MCAV on that date, your MCAV will increase to 100% of that contract value.

We may increase the fee for your rider (see "Charges and Adjustments – Optional Benefit Charges – Optional Living Benefit Charges – Accumulation Benefit Rider Fee"). The revised fee would apply to your rider if you exercise the annual elective step-up, your MCAV is increased as a result, and the revised fee is higher than your annual rider fee before the elective step-up. Elective step-ups will also result in a restart of the waiting period as of the most recent contract anniversary.

The elective step-up does not create contract value, guarantee the performance of any investment option or provide any benefit that can be surrendered or paid upon death. Rather the elective step-up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date.

The elective step-up option is not available to non-spouse beneficiaries that continue the contract during the waiting period. The elective step-up is not available if the benefit date would be after the settlement date (see the Settlement Date section for settlement date options)

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.

**Additional Purchase Payments with Annual Elective Step-ups** 

If your MCAV is increased as a result of elective step-up, you have 180 days from the latest contract anniversary to make additional purchase payments, if allowed under the base contract. The MCAV will include the amount of any additional purchase payments and purchase payment credits (if applicable) received during this period.

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**Spousal Continuation** 

If a spouse chooses to continue the contract under the spousal continuation provision, the rider will continue as part of the contract. Once, within the thirty days following the date of spousal continuation, the spouse may choose to exercise an elective step-up. The spousal continuation elective step-up is in addition to the annual elective step-up. If the contract value on the valuation date we receive the written request to exercise this option is greater than the MCAV on that date, we will increase the MCAV to that contract value. If the MCAV is increased as a result of the elective step-up and we have increased the fee for the Accumulation Benefit rider, the spouse will pay the charge based on the fee that is in effect on the valuation date we receive their written request to step-up for the entire contract year. In addition, the waiting period will restart as of the most recent contract anniversary.

**Terminating the Rider** 

The rider will terminate under the following conditions:

• The rider will terminate before the benefit date without paying a benefit on the date:

• you take a full surrender; or

• annuitization begins; or

• the contract terminates as a result of the death benefit being paid.

The rider will terminate on the benefit date.

For an example, see Appendix D.

Optional Living Benefits — Previously Offered

Guarantor Withdrawal Benefit for Life (GWB for Life) Rider

Disclosure for GWB for Life rider may be found in the Appendix G.

SecureSource Riders

Disclosure for SecureSource riders may be found in the Appendix G.

The Annuity Payout Period

As owner of the contract, you have the right to decide how and to whom annuity payouts will be made starting at the settlement date. You may select one of the annuity payout plans outlined below, or we may mutually agree on other payout arrangements. Currently, we make annuity payments on a monthly, quarterly, semi-annually and annual basis. As discussed below, certain annuity payout options have a "guaranteed period," during which payments are guaranteed to continue. Longer guaranteed periods will result in lower annuity payment amounts.

We do not deduct surrender charges upon settlement but surrender charges may be applied when electing to exercise liquidity features we may make available under certain fixed annuity payout options

You also decide whether we will make annuity payouts on a fixed or variable basis, or a combination of fixed and variable. The amount available to purchase payouts under the plan you select is the contract value on your settlement date after any rider charges have been deducted, plus any positive or negative MVA on GPAs, less any purchase payment credits subject to reversal and less any applicable premium tax. Additionally, we currently allow you to use part of the amount available to purchase payouts, leaving any remaining contract value to accumulate on a tax-deferred basis. Special rules apply for partial annuitization of your annuity contract, see "Taxes – Nonqualified Annuities – Annuity payouts" and "Taxes – Qualified Annuities – Annuity payouts." During the annuity payout period, you cannot invest in more than five subaccounts at any one time unless we agree otherwise.

**Amounts of fixed and variable payouts depend on:** 

• the annuity payout plan you select;

• the annuitant's age and, in most cases, sex;

• the annuity table in the contract; and

• the amounts you allocated to the accounts at settlement.

In addition, for variable payouts only, amounts depend on the investment performance of the subaccounts you select. These payouts will vary from month to month because the performance of the funds will fluctuate. Fixed payouts generally remain the same from month to month unless you have elected an option providing for increasing payments or are exercising any available liquidity features we may offer and you have elected.

For information with respect to transfers between accounts after annuity payouts begin, see "Making the Most of Your Contract – Transfer Policies."

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Annuity Tables

The annuity tables in your contract (Table A and Table B) show the amount of the monthly payout for each $1,000 of contract value according to the annuitant's age and, when applicable, the annuitant's sex. (Where required by law, we will use a unisex table of settlement rates.)

Table A shows the amount of the first variable payout assuming that the contract value is invested at the beginning of the annuity payout period and earns a 5% rate of return, which is reinvested and helps to support future payouts. If you ask us at least 30 days before the settlement date, we will substitute an annuity table based on an assumed 3.5% investment return for the 5% Table A in the contract. The assumed investment return affects both the amount of the first payout and the extent to which subsequent payouts increase or decrease. For example, annuity payouts will increase if the investment return is above the assumed investment return and payouts will decrease if the return is below the assumed investment return. Using the 5% assumed investment return results in a higher initial payout but later payouts will increase more slowly when annuity unit values rise and decrease more rapidly when they decline.

Table B shows the minimum amount of each fixed payout. Amounts in Table B are based on the guaranteed annual effective interest rate shown in your contract. We declare current payout rates that we use in determining the actual amount of your fixed payout. The current payout rates will equal or exceed the guaranteed payout rates shown in Table B. We will furnish these rates to you upon request.

Annuity Payout Plans

We make available variable annuity payouts where payout amounts may vary based on the performance of the variable account. We may also make fixed annuity payouts available where payments of a fixed amount are made for the period specified in the plan, subject to any surrender we may permit. You may choose any one of these annuity payout plans by giving us written instructions at least 30 days before the settlement date:

• **Plan A: Life annuity – no refund:** We make monthly payouts until the annuitant's death. Payouts end with the last payout before the annuitant's death. We will not make any further payouts. This means that if the annuitant dies after we made only one monthly payout, we will not make any more payouts.

• **Plan B: Life annuity with five, ten, 15, or 20 years certain:** We make monthly payouts for a guaranteed payout period of five, ten, 15, or 20 years that you elect. This election will determine the length of the payout period to the beneficiary if the annuitant should die before the elected period expires. We calculate the guaranteed payout period from the settlement date. If the annuitant outlives the elected guaranteed payout period, we will continue to make payouts until the annuitant's death.

• **Plan C: Life annuity – installment refund:** We make monthly payouts until the annuitant's death, with our guarantee that payouts will continue for some period of time. We will make payouts for at least the number of months determined by dividing the amount applied under this option by the first monthly payout, whether or not the annuitant is living.

• **Plan D: Joint and last survivor life annuity – no refund:** We make monthly payouts while both the annuitant and a joint annuitant are living. If either annuitant dies, we will continue to make monthly payouts at the full amount until the death of the surviving annuitant. Payouts end with the death of the second annuitant.

• **Plan E: Payouts for a specified period:** We make monthly payouts for a specific payout period of ten to 30 years that you elect. We will make payouts only for the number of years specified whether the annuitant is living or not. Depending on the selected time period, it is foreseeable that the annuitant can outlive the payout period selected. During the payout period, you can elect to have us determine the present value of any remaining payouts and pay it to you in a lump sum.

• **RBA Payout Option:** If you have a GWB for Life or SecureSource rider under your contract, you may elect the Withdrawal Benefit RBA payout option as an alternative to the above annuity payout plans. This option may not be available if the contract is issued to qualify under Sections 403 or 408 of the Code. For such contracts, this option will be available only if the guaranteed payment period is less than the life expectancy of the owner at the time the option becomes effective. Such life expectancy will be computed using life expectancy tables published by IRS. Under this option, the amount payable each year will be equal to the remaining schedule of GBPs, but the total amount paid over the life of the annuity will not exceed the total RBA at the time you begin this fixed payout option (see "Optional Benefits"). These annualized amounts will be paid in the frequency that you elect. The frequencies will be among those offered by us at the time but will be no less frequent than annually. If, at the death of the owner, total payouts have been made for less than the RBA, the remaining payouts will be paid to the beneficiary.

For Plan A, if the annuitant dies before the initial payment, no payments will be made. For Plan B, if the annuitant dies before the initial payment, the payments will continue for the guaranteed payout period. For Plan C, if the annuitant dies before the initial payment, the payments will continue for the installment refund period. For Plan D, if both annuitants die before the initial payment, no payments will be made; however, if one annuitant dies before the initial payment, the payments will continue until the death of the surviving annuitant.

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In addition to the annuity payout plans described above, we may offer additional payout plans. These plans may include cash refund features providing a guarantee of receiving at least a return of the settlement amount (less any annuity payments made and premium tax paid) in the event of the annuitant's death, and other liquidity features allowing access under certain circumstances to a surrender of the underlying value of remaining payouts. Terms and conditions of annuity payout plans will be disclosed at the time of election, including any associated fees or charges. It is important to remember that the election and use of liquidity features may either reduce the amount of future payouts you would otherwise receive or result in payouts ceasing.

**Utilizing a liquidity feature to surrender the underlying value of remaining payouts may result in the assessment of a surrender charge (See "Charges and Adjustments – Transaction Expenses – Surrender Charge") or a 10% IRS penalty tax. (See "Taxes.")** 

**Annuity payout plan requirements for qualified annuities:** If your contract is a qualified annuity, you have the responsibility for electing a payout plan under your contract that complies with applicable law. Your contract describes your payout plan options. The options will meet certain IRS regulations governing RMDs if the payout plan meets the incidental distribution benefit requirements, if any, and the payouts are made:

• in equal or substantially equal payments over a period not longer than your life expectancy or over the joint life expectancy of you and your designated beneficiary; or

• over a period certain not longer than your life expectancy or over the life expectancy of you and your designated beneficiary.

**Written instructions:** You must give us written instructions for the annuity payouts at least 30 days before the settlement date. Contract values that you allocated to the regular fixed account will provide fixed dollar payouts and contract values that you allocated among the subaccounts will provide variable annuity payouts.

**If monthly payouts would be less than $20:** We will calculate the amount of monthly payouts at the time amounts are applied to a payout plan. If the calculations show that monthly payouts would be less than $20, we have the right to pay the contract value to the owner in a lump sum or to change the frequency of the payouts.

**Death after annuity payouts begin:** If you die after annuity payouts begin, we will pay any amount payable to the beneficiary as provided in the annuity payout plan in effect. Payments to beneficiaries are subject to adjustment to comply with the IRS rules and regulations.

Taxes

Under current law, your contract has a tax-deferral feature. Generally, this means you do not pay income tax until there is a taxable distribution (or deemed distribution) from the contract. We will send a tax information reporting form for any year in which we made a taxable or reportable distribution according to our records.

Nonqualified Annuities

Generally, only the increase in the value of a non-qualified annuity contract over the investment in the contract is taxable. Certain exceptions apply. Federal tax law requires that all nonqualified deferred annuity contracts issued by the same company (and possibly its affiliates) to the same owner during a calendar year be taxed as a single, unified contract when distributions are taken from any one of those contracts.

**Annuity payouts:** Generally, unlike surrenders described below, the income taxation of annuity payouts is subject to exclusion ratios (for fixed annuity payouts) or annual excludable amounts (for variable annuity payouts). In other words, in most cases, a portion of each payout will be ordinary income and subject to tax, and a portion of each payout will be considered a return of part of your investment in the contract and will not be taxed. All amounts you receive after your investment in the contract is fully recovered will be subject to tax. Under Annuity Payout Plan A: Life annuity — no refund, where the annuitant dies before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the owner for the last taxable year. Under all other annuity payout plans, where the annuity payouts end before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the taxpayer for the tax year in which the payouts end. (See "The Annuity Payout Period — Annuity Payout Plans.")

Federal tax law permits taxpayers to annuitize a portion of their nonqualified annuity while leaving the remaining balance to continue to grow tax-deferred. Under the partial annuitization rules, the portion annuitized must be received as an annuity for a period of 10 years or more, or for the lives of one or more individuals. If this requirement is met, the annuitized portion and the tax-deferred balance will generally be treated as two separate contracts for income tax purposes only. If a contract is partially annuitized, the investment in the contract is allocated between the deferred and the annuitized portions on a pro rata basis.

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**Surrenders:** Generally, if you surrender all or part of your nonqualified annuity before your annuity payouts begin, including surrenders under any optional withdrawal benefit rider, your surrender will be taxed to the extent that the contract value immediately before the surrender exceeds the investment in the contract. Application of surrender charges may alter the manner in which we tax report the surrender. Different rules may apply if you exchange another contract into this contract.

You also may have to pay a 10% IRS penalty for surrenders of taxable income you make before reaching age 59½ unless certain exceptions apply.

**Withholding:** If you receive taxable income as a result of an annuity payout or surrender, including surrenders under any optional withdrawal benefit rider, we may deduct federal, and in some cases state withholding against the payment. Any withholding represents a prepayment of your income tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, you have a valid U.S. address and payments are delivered inside the United States, you may be able to elect not to have federal income tax withholding occur.

If the payment is part of an annuity payout plan, we generally compute the amount of federal income tax withholding using payroll tables. You may complete our Form W-4P to use in calculating the withholding if you want withholding other than the default (single filing status with no adjustments). If the distribution is any other type of payment (such as partial or full surrender) we compute federal income tax withholding using 10% of the taxable portion unless you elect a different percentage via our Form W-4R or another acceptable method.

The federal income tax withholding requirements differ if we deliver payment outside the United States or you are a non-resident alien.

Some states also may impose income tax withholding requirements similar to the federal withholding described above or may allow you to elect withholding. If this should be the case, we may deduct state income tax withholding from the payment.

Federal and state tax withholding rules are subject to change. Annuity payouts and surrenders are subject to the tax withholding rules in effect at the time that they are made, which may differ from the rules described above.

**Death benefits to beneficiaries:** The death benefit under a nonqualified contract is not exempt from estate (federal or state) taxes. In addition, for income tax purposes, any amount your beneficiary receives that exceeds the remaining investment in the contract is taxable as ordinary income to the beneficiary in the year he or she receives the payments. (See "Benefits in Case of Death — If You Die Before the Settlement Date").

**Net Investment Income Tax:** Certain investment income of high-income individuals (as well as estates and trusts) is subject to a 3.8% net investment income tax (as an addition to income taxes). For individuals, the 3.8% tax applies to the *lesser* of (1) the amount by which the taxpayer's modified adjusted gross income exceeds $200,000 ($250,000 for married filing jointly and surviving spouses; $125,000 for married filing separately) or (2) the taxpayer's "net investment income." Net investment income includes taxable income from nonqualified annuities. Annuity holders are advised to consult their tax advisor regarding the possible implications of this additional tax.

**Annuities owned by corporations, partnerships or irrevocable trusts:** For nonqualified annuities, any annual increase in the value of annuities held by such entities (nonnatural persons) generally will be treated as ordinary income received during that year. However, if the trust was set up for the benefit of a natural person(s) only, the income may generally remain tax-deferred until surrendered or paid out.

**Penalties:** If you receive amounts from your nonqualified annuity before reaching age 59½, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty will not apply to any amount received:

• because of your death or in the event of nonnatural ownership, the death of the annuitant;

• because you become disabled (as defined in the Code);

• if the distribution is part of a series of substantially equal periodic payments, made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary);

• if it is allocable to an investment before Aug. 14, 1982; or

• if annuity payouts are made under immediate annuities as defined by the Code.

**Transfer of ownership:** Generally, if you transfer ownership of a nonqualified annuity without receiving adequate consideration, the transfer may be taxed as a surrender for federal income tax purposes. If the transfer is a currently taxable event for income tax purposes, the original owner will be taxed on the amount of deferred earnings at the time of the transfer and also may be subject to the 10% IRS penalty discussed earlier. In this case, the new owner's investment in the contract will be equal to the investment in the contract at the time of the transfer plus any earnings

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included in the original owner's taxable income as a result of the transfer. In general, this rule does not apply to transfers between spouses or former spouses. Similar rules apply if you transfer ownership for full consideration. Please consult your tax advisor for further details.

**1035 Exchanges of nonqualified annuities:** Section 1035 of the Code permits nontaxable exchanges of certain insurance policies, endowment contracts, annuity contracts and qualified long-term care insurance products, while providing for continued tax deferral of earnings. In addition, Section 1035 permits the carryover of the investment in the contract from the old policy or contract to the new policy or contract. In a 1035 exchange one policy or contract is exchanged for another policy or contract. The following can qualify as nontaxable exchanges: (1) the exchange of a life insurance policy for another life insurance policy or for an endowment, annuity or qualified long-term care insurance contract, (2) the exchange of an endowment contract for an annuity or qualified long-term care insurance contract, or for an endowment contract under which payments will begin no later than payments would have begun under the contract exchanged, (3) the exchange of an annuity contract for another annuity contract or for a qualified long-term care insurance contract, and (4) the exchange of a qualified long-term care insurance contract for a qualified long-term care insurance contract. However, if the life insurance policy has an outstanding loan, there may be tax consequences. Additionally, other tax rules apply. Depending on the issue date of your original policy or contract, there may be tax or other benefits that are given up to gain the benefits of the new policy or contract. Consider whether the features and benefits of the new policy or contract outweigh any tax or other benefits of the old contract.

For a partial exchange of an annuity contract for another annuity contract, the 1035 exchange is generally tax-free. The investment in the original contract and the earnings on the contract will be allocated proportionately between the original and new contracts. However, per IRS Revenue Procedure 2011-38, if surrenders are taken from either contract within the 180-day period following a partial 1035 exchange, the IRS will apply general tax principles to determine the appropriate tax treatment of the exchange and subsequent surrender. As a result, there may be unexpected tax consequences. You should consult your tax advisor before taking any surrender from either contract during the 180-day period following a partial exchange.

**Assignment:** If you assign or pledge your contract as collateral for a loan, earnings on purchase payments you made after Aug. 13, 1982 will be taxed as a deemed distribution and also may be subject to the 10% penalty as discussed above.

Qualified Annuities

Adverse tax consequences may result if you do not ensure that contributions, distributions and other transactions under the contract comply with the law. Qualified annuities have minimum distribution rules that govern the timing and amount of distributions. You should refer to your retirement plan's Summary Plan Description, your IRA disclosure statement, or consult a tax advisor for additional information about the distribution rules applicable to your situation.

When you use your contract to fund a retirement plan or IRA that is already tax-deferred under the Code, the contract will not provide any necessary or additional tax deferral. If your contract is used to fund an employer sponsored plan, your right to benefits may be subject to the terms and conditions of the plan regardless of the terms of the contract.

**Annuity payouts:** Under a qualified annuity, except a Roth IRA, Roth 401(k) or Roth 403(b), the entire payout generally is includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non-deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars; or (4) the contract is used to fund a retirement plan and you direct such payout to be directly rolled over to another eligible retirement plan such as an IRA. We may permit partial annuitizations of qualified annuity contracts. If we accept partial annuitizations, please remember that your contract will still need to comply with other requirements such as required minimum distributions and the payment of taxes. Prior to considering a partial annuitization on a qualified contract, you should discuss your decision and any implications with your tax adviser. Because we cannot accurately track certain after-tax funding sources, we will generally report any payments on partial annuitizations as ordinary income except in the case of a qualified distribution from a Roth IRA.

**Annuity payouts from Roth IRAs:** In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59½ and meet the five year holding period.

**Surrenders:** Under a qualified annuity, except a Roth IRA, Roth 401(k) or Roth 403(b), the entire surrender will generally be includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non-deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars; or (4) the contract is used to fund a retirement plan and you direct such surrender to be directly rolled over to another eligible retirement plan such as an IRA.

**Surrenders from Roth IRAs:** In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59½ and meet the five year holding period or another qualifying event such as death or disability.

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**Required Minimum Distributions:** Retirement plans (except for Roth IRAs) are subject to required surrenders called required minimum distributions ("RMDs") beginning at age 73. RMDs are based on the fair market value of your contract at year-end divided by the life expectancy factor. Certain death benefits and optional riders may be considered in determining the fair market value of your contract for RMD purposes. This may cause your RMD to be higher. You should consult your tax advisor prior to making a purchase for an explanation of the potential tax implications to you. Inherited IRAs (including inherited Roth IRAs) are subject to special required minimum distribution rules.

**Withholding for IRAs, Simple IRAs, Roth IRAs, SEPs and SIMPLE IRAs:** If you receive taxable income as a result of an annuity payout or a surrender, including surrenders under any optional withdrawal benefit rider, we may deduct withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, you can elect not to have any withholding occur.

If the payment is part of an annuity payout plan, we generally compute the amount of federal income tax withholding using payroll tables. You may complete our Form W-4P to use in calculating the withholding if you want withholding other than the default (single filing status with no adjustments). If the distribution is any other type of payment (such as partial or full surrender) we compute federal income tax withholding using 10% of the taxable portion unless you elect a different percentage via our Form W-4R or another acceptable method.

The federal income tax withholding requirements differ if we deliver payment outside the United States or you are a non-resident alien.

Some states also may impose income tax withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state income tax withholding from the payment.

**Withholding for all other qualified annuities where RiverSource or Ameriprise Trust Company is responsible for tax reporting:** If you receive directly all or part of the contract value from a qualified annuity, mandatory 20% federal income tax withholding (and possibly state income tax withholding) generally will be imposed at the time the payout is made from the plan. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. This mandatory withholding will not be imposed if instead of receiving the distribution check, you elect to have the distribution rolled over directly to an IRA or another eligible plan. Payments made to a surviving spouse instead of being directly rolled over to an IRA are also subject to mandatory 20% income tax withholding.

In the below situations, the distribution is subject to optional withholding instead of the mandatory 20% withholding. We will withhold 10% of the distribution amount unless you elect otherwise.

• the payout is one in a series of substantially equal periodic payouts, made at least annually, over your life or life expectancy (or the joint lives or life expectancies of you and your designated beneficiary) or over a specified period of 10 years or more;

• the payout is a RMD as defined under the Code;

• the payout is made on account of an eligible hardship; or

• the payout is a corrective distribution.

State withholding also may be imposed on taxable distributions.

**Penalties:** If you receive amounts from your qualified contract before reaching age 59½, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty generally will not apply to any amount received:

• because of your death;

• because you become disabled (as defined in the Code);

• if the distribution is part of a series of substantially equal periodic payments made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary);

• if the distribution is made following severance from employment during or after the calendar year in which you attain age 55 (TSAs and annuities funding 401(a) plans only);

• to pay certain medical or education expenses (IRAs only);

• if the distribution is made from an inherited IRA; or

• any other instances, as allowed by the IRS.

**Death benefits to beneficiaries:** The entire death benefit generally is taxable as ordinary income to the beneficiary in the year he/she receives the payments from the qualified annuity. If you made non-deductible contributions to a traditional IRA, the portion of any distribution from the contract that represents after-tax contributions is not taxable as ordinary income to your beneficiary. Under current IRS requirements, you are responsible for keeping all records

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90 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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tracking your non-deductible contributions to an IRA. Death benefits under a Roth IRA generally are not taxable as ordinary income to the beneficiary if certain distribution requirements are met. (See "Benefits in Case of Death — If You Die Before the Settlement Date").

**Change of retirement plan type:** IRS regulations allow for rollovers of certain retirement plan distributions. In some circumstances, you may be able to have an intra-contract rollover, keeping the same features and conditions. If the annuity contract you have does not support an intra-contract rollover, you are able to request an IRS approved rollover to another annuity contract or other investment product that you choose. If you choose another annuity contract or investment product, you will be subject to new rules, including a new surrender charge schedule for an annuity contract, or other product rules as applicable.

**Assignment:** You may not assign or pledge your qualified contract as collateral for a loan.

Other

**Purchase payment credits:** These are considered earnings and are taxed accordingly when surrendered or paid out.

**Special considerations if you select any optional rider:** As of the date of this prospectus, we believe that charges related to these riders are not subject to current taxation. Therefore, we will not report these charges as partial surrenders from your contract. However, the IRS may determine that these charges should be treated as partial surrenders subject to taxation to the extent of any gain as well as the 10% tax penalty for surrenders before the age of 59½, if applicable, on the taxable portion. <br>We reserve the right to report charges for these riders as partial surrenders if we, as a withholding and reporting agent, believe that we are required to report them. In addition, we will report any benefits attributable to these riders on your death as an annuity death benefit distribution, not as proceeds from life insurance.

**Important:** Our discussion of federal tax laws is based upon our understanding of current interpretations of these laws. Federal tax laws or current interpretations of them may change. For this reason and because tax consequences are complex and highly individual and cannot always be anticipated, you should consult a tax advisor if you have any questions about taxation of your contract.

**RiverSource Life's tax status:** We are taxed as a life insurance company under the Code. For federal income tax purposes, the subaccounts are considered a part of our company, although their operations are treated separately in accounting and financial statements. Investment income is reinvested in the fund in which each subaccount invests and becomes part of that subaccount's value. This investment income, including realized capital gains, is not subject to any withholding for federal or state income taxes. We reserve the right to make such a charge in the future if there is a change in the tax treatment of variable annuities or in our tax status as we then understand it.

The company includes in its taxable income the net investment income derived from the investment of assets held in its subaccounts because the company is considered the owner of these assets under federal income tax law. The company may claim certain tax benefits associated with this investment income. These benefits, which may include foreign tax credits and the corporate dividend received deduction, are not passed on to you since the company is the owner of the assets under federal tax law and is taxed on the investment income generated by the assets.

**Tax qualification:** We intend that the contract qualify as an annuity for federal income tax purposes. To that end, the provisions of the contract are to be interpreted to ensure or maintain such tax qualification, in spite of any other provisions of the contract. We reserve the right to amend the contract to reflect any clarifications that may be needed or are appropriate to maintain such qualification or to conform the contract to any applicable changes in the tax qualification requirements. We will send you a copy of any amendments.

**Spousal status:** When it comes to your marital status and the identification and naming of any spouse as a beneficiary or party to your contract, we will rely on the representations you make to us. Based on this reliance, we will issue and administer your contract in accordance with these representations. If you represent that you are married and your representation is incorrect or your marriage is deemed invalid for federal or state law purposes, then the benefits and rights under your contract may be different.

If you have any questions as to the status of your relationship as a marriage, then you should consult an appropriate tax or legal advisor.

Voting Rights

As a contract owner with investments in the subaccounts, you may vote on important fund policies until annuity payouts begin. Once they begin, the person receiving them has voting rights. We will vote fund shares according to the instructions of the person with voting rights.

Before annuity payouts begin, the number of votes you have is determined by applying your percentage interest in each subaccount to the total number of votes allowed to the subaccount.

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After annuity payouts begin, the number of votes you have is equal to:

• the reserve held in each subaccount for your contract; divided by

• the net asset value of one share of the applicable fund.

As we make annuity payouts, the reserve for the contract decreases; therefore, the number of votes also will decrease.

We calculate votes separately for each subaccount. We will send notice of shareholders' meetings, proxy materials and a statement of the number of votes to which the voter is entitled. We are the legal owner of all fund shares and therefore hold all voting rights. However, to the extent required by law, we will vote the shares of each fund according to instructions we receive from contract owners. We will vote shares for which we have not received instructions and shares that we or our affiliates own in our own names in the same proportion as the votes for which we received instructions. As a result of this proportional voting, in cases when a small number of contract owners vote, their votes will have a greater impact and may even control the outcome.

To the extent that voting rights created under applicable federal securities laws are revised or alter the voting rights described herein, we reserve the right to proceed in accordance with those laws and regulatory guidance.

Substitution of Investments

We may substitute the Funds in which the subaccounts invest if:

• laws or regulations change;

• the existing funds become unavailable; or

• in our judgment, the funds no longer are suitable (or no longer the most suitable) for the Subaccounts.

If any of these situations occur, we have the right to substitute a Fund currently listed in this prospectus (existing fund) for another Fund (new Fund), provided we obtain any required SEC and state insurance law approval. The new Fund may have higher fees and/or operating expenses than the existing Fund. Also, the new Fund may have investment objectives and policies and/or investment advisers which differ from the existing Fund.

We may also:

• add new Subaccounts;

• combine any two or more Subaccounts;

• transfer assets to and from the Subaccounts or the Variable Account; and

• eliminate or close any Subaccounts.

We will notify you of any substitution or change and obtain your approval if required.

In certain limited circumstances permitted by applicable law, we may amend the contract and take whatever action is necessary and appropriate without your consent or approval. We will obtain any required prior approval of the SEC or state insurance department before making any substitution or change.

About the Service Providers

Principal Underwriter

RiverSource Distributors, Inc. (RiverSource Distributors), our affiliate, serves as the principal underwriter and general distributor of the contract. Its offices are located at 829 Ameriprise Financial Center, Minneapolis, MN 55474. RiverSource Distributors is a wholly-owned subsidiary of Ameriprise Financial, Inc.

**Sales of the Contract** 

**New contracts are not currently being offered.** 

• Only securities broker-dealers ("selling firms") registered with the SEC and members of the FINRA may sell the contract.

• The contracts are continuously offered to the public through authorized selling firms. We and RiverSource Distributors have a sales agreement with the selling firm. The sales agreement authorizes the selling firm to offer the contracts to the public. RiverSource Distributors pays the selling firm (or an affiliated insurance agency) for contracts its financial advisors sell. The selling firm may be required to return sales commissions under certain circumstances including but not limited to when contracts are returned under the free look period.

**Payments to Selling Firms** 

• We may use compensation plans which vary by selling firm. For example, 6.00% each time a purchase payment is made. We may pay ongoing trail commissions of up to 1.25% of the contract value. We do not pay or withhold payment of commissions based on which investment options you select.

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92 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• We may pay selling firms a temporary additional sales commission of up to 1% of purchase payments for a period of time we select. For example, we may offer to pay a temporary additional sales commission to get selling firms to market a new or enhanced contract or to increase sales during the period.

• In addition to commissions, we may, in order to promote sales of the contracts, and as permitted by applicable laws and regulations, pay or provide selling firms with other promotional incentives in cash, credit or other compensation. We generally (but may not) offer these promotional incentives to all selling firms. The terms of such arrangements differ between selling firms. These promotional incentives may include but are not limited to:

• sponsorship of marketing, educational, due diligence and compliance meetings and conferences we or the selling firm may conduct for financial advisors, including subsidy of travel, meal, lodging, entertainment and other expenses related to these meetings;

• marketing support related to sales of the contract including for example, the creation of marketing materials, advertising and newsletters;

• providing service to contract owners; and

• funding other events sponsored by a selling firm that may encourage the selling firm's financial advisors to sell the contract.

These promotional incentives or reimbursements may be calculated as a percentage of the selling firm's aggregate, net or anticipated sales and/or total assets attributable to sales of the contract, and/or may be a fixed dollar amount. As noted below this additional compensation may cause the selling firm and its financial advisors to favor the contracts.

**Sources of Payments to Selling Firms** 

We pay the commissions and other compensation described above from our assets. Our assets may include:

• revenues we receive from fees and expenses that you will pay when buying, owning and surrendering the contract (see "Fee Table and Examples");

• compensation we or an affiliate receive from the underlying funds in the form of distribution and services fees (see "The Variable Account and the Funds – The Funds");

• compensation we or an affiliate receive from a fund's investment adviser, subadviser, distributor or an affiliate of any of these (see "The Variable Account and the Funds – The Funds"); and

• revenues we receive from other contracts and policies we sell that are not securities and other businesses we conduct.

You do not directly pay the commissions and other compensation described above as the result of a specific charge or deduction under the contract. However, you may pay part or all of the commissions and other compensation described above indirectly through:

• fees and expenses we collect from contract owners , including surrender charges; and

• fees and expenses charged by the underlying funds in which the subaccounts you select invest, to the extent we or one of our affiliates receive revenue from the funds or an affiliated person.

**Potential Conflicts of Interest** 

Compensation payment arrangements with selling firms can potentially:

• give selling firms a heightened financial incentive to sell the contract offered in this prospectus over another investment with lower compensation to the selling firm.

• cause selling firms to encourage their financial advisors to sell you the contract offered in this prospectus instead of selling you other alternative investments that may result in lower compensation to the selling firm.

• cause selling firms to grant us access to its financial advisors to promote sales of the contract offered in this prospectus, while denying that access to other firms offering similar contracts or other alternative investments which may pay lower compensation to the selling firm.

**Payments to Financial Advisors** 

• The selling firm pays its financial advisors. The selling firm decides the compensation and benefits it will pay its financial advisors.

• To inform yourself of any potential conflicts of interest, ask your financial advisor before you buy how the selling firm and its financial advisors are being compensated and the amount of the compensation that each will receive if you buy the contract.

Issuer

We issue the contracts. We are a stock life insurance company organized in 1957 under the laws of the state of Minnesota and are located at 829 Ameriprise Financial Center, Minneapolis, MN 55474. We are a wholly-owned subsidiary of Ameriprise Financial, Inc.

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We conduct a conventional life insurance business. We are licensed to do business in 49 states, the District of Columbia and American Samoa. Our primary products currently include fixed and variable annuity contracts (including registered indexed linked annuity contracts) and life insurance policies.

We rely on the exemption from the reporting requirements of Section 15(d) of the Securities Exchange Act of 1934, as amended (the "1934 Act"), provided by Rule 12h-7 under the 1934 Act. We are obligated to pay all amounts promised to you under the Contract, subject to our financial strength and claims-paying ability.

Legal Proceedings

RiverSource Life (the Company) is involved in the normal course of business in legal proceedings which include regulatory inquiries, arbitration and litigation, including class actions, concerning matters arising in connection with the conduct of its activities. These include proceedings specific to the Company as well as proceedings generally applicable to business practices in the industries in which it operates. The Company can also be subject to legal proceedings arising out of its general business activities, such as its investments, contracts, and employment relationships. Uncertain economic conditions, heightened and sustained volatility in the financial markets and significant financial reform legislation may increase the likelihood that clients and other persons or regulators may present or threaten legal claims or that regulators increase the scope or frequency of examinations of the Company or the insurance industry generally.

As with other insurance companies, the level of regulatory activity and inquiry concerning the Company's businesses remains elevated. From time to time, the Company and its affiliates, including Ameriprise Financial Services, LLC ("AFS") and RiverSource Distributors, Inc. receive requests for information from, and/or are subject to examination or claims by various state, federal and other domestic authorities. The Company and its affiliates typically have numerous pending matters, which includes information requests, exams or inquiries regarding their business activities and practices and other subjects, including from time to time: sales and distribution of various products, including the Company's life insurance and variable annuity products; supervision of associated persons, including AFS financial advisors and RiverSource Distributors Inc.'s wholesalers; administration of insurance and annuity claims; security of client information; and transaction monitoring systems and controls. The Company and its affiliates have cooperated and will continue to cooperate with the applicable regulators.

These legal proceedings are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss. The Company cannot predict with certainty if, how or when any such proceedings will be initiated or resolved. Matters frequently need to be more developed before a loss or range of loss can be reasonably estimated for any proceeding. An adverse outcome in one or more proceedings could eventually result in adverse judgments, settlements, fines, penalties or other sanctions, in addition to further claims, examinations or adverse publicity that could have a material adverse effect on the Company's consolidated financial condition, results of operations or liquidity.

Financial Statements

The financial statements for RiverSource Variable Account 10, as well as the consolidated financial statements of RiverSource Life, are in the Statement of Additional Information. A current Statement of Additional Information may be obtained, without charge, by calling us at 1-800-862-7919, or can be found online at **www.ameriprise.com/variableannuities.**

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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 riversource.annuityservice@ampf.com. 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.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to maximize total <br> return consistent with <br> AllianceBernstein's <br> determination of <br> reasonable risk.<br>| AB VPS Dynamic Asset Allocation Portfolio <br> (Class B)<sup>1</sup> <br>*AllianceBernstein L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.10%<sup>2</sup> <br>| &nbsp;&nbsp; 10.43% | &nbsp;&nbsp;&nbsp;&nbsp; 3.15% | &nbsp;&nbsp;&nbsp;&nbsp; 3.82% |
| Seeks long-term growth <br> of capital.<br>| AB VPS International Value Portfolio <br> (Class B)<br> *AllianceBernstein L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.17% | &nbsp;&nbsp;&nbsp;&nbsp; 4.81% | &nbsp;&nbsp;&nbsp;&nbsp; 3.29% | &nbsp;&nbsp;&nbsp;&nbsp; 3.00% |
| Seeks long-term growth <br> of capital.<br>| AB VPS Large Cap Growth Portfolio (Class B)<br> *AllianceBernstein L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp; 24.95% | &nbsp;&nbsp; 15.87% | &nbsp;&nbsp; 15.67% |
| Seeks long-term growth <br> of capital.<br>| AB VPS Relative Value Portfolio (Class B)<br> *AllianceBernstein L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp; 12.76% | &nbsp;&nbsp;&nbsp;&nbsp; 9.54% | &nbsp;&nbsp;&nbsp;&nbsp; 9.39% |
| Seeks long-term growth <br> of capital.<br>| AB VPS Sustainable Global Thematic <br> Portfolio (Class B)<br> *AllianceBernstein L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.16%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.96% | &nbsp;&nbsp;&nbsp;&nbsp; 8.77% | &nbsp;&nbsp;&nbsp;&nbsp; 9.45% |
| Seeks long-term capital <br> appreciation.<br>| Allspring VT Opportunity Fund - Class 2<br> *Allspring Funds Management, LLC, adviser;* <br> *Allspring Global Investments, LLC,* <br> *sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%<sup>2</sup> <br>| &nbsp;&nbsp; 15.05% | &nbsp;&nbsp; 11.72% | &nbsp;&nbsp; 10.78% |
| Seeks long-term capital <br> appreciation.<br>| Allspring VT Small Cap Growth Fund - <br> Class 2<br> *Allspring Funds Management, LLC, adviser;* <br> *Allspring Global Investments, LLC,* <br> *sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.17% | &nbsp;&nbsp; 18.70% | &nbsp;&nbsp;&nbsp;&nbsp; 6.60% | &nbsp;&nbsp;&nbsp;&nbsp; 8.65% |
| The Portfolio seeks <br> investment results that <br> correspond (before fees <br> and expenses) generally <br> to the price and yield <br> performance of its <br> underlying index, the <br> Alerian Midstream <br> Energy Select Index (the <br> "Index").<br>| ALPS \| Alerian Energy Infrastructure <br> Portfolio: Class III<br> *ALPS Advisors, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.30%<sup>2</sup> <br>| &nbsp;&nbsp; 40.60% | &nbsp;&nbsp; 14.15% | &nbsp;&nbsp;&nbsp;&nbsp; 5.07% |
| Seeks high total <br> investment return.<br>| BlackRock Global Allocation V.I. Fund <br> (Class III)<br> *BlackRock Advisors, LLC, adviser; BlackRock* <br> *(Singapore) Limited and BlackRock* <br> *International Limited, sub-advisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.02%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.01% | &nbsp;&nbsp;&nbsp;&nbsp; 5.74% | &nbsp;&nbsp;&nbsp;&nbsp; 5.33% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks long-term growth <br> of capital. Under normal <br> circumstances, the fund <br> invests at least 80% of <br> its assets in equity <br> securities of companies <br> with small market <br> capitalizations and <br> related investments.<br>| ClearBridge Variable Small Cap Growth <br> Portfolio - Class I<br> *Legg Mason Partners Fund Advisor, LLC,* <br> *investment manager; ClearBridge* <br> *Investments, LLC, sub-adviser. (Western* <br> *Asset Management Company manages the* <br> *portion of cash and short-term investments* <br> *allocated to it)*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 4.50% | &nbsp;&nbsp;&nbsp;&nbsp; 5.39% | &nbsp;&nbsp;&nbsp;&nbsp; 7.93% |
| Seeks maximum total <br> investment return <br> through a combination <br> of capital growth and <br> current income.<br>| Columbia Variable Portfolio - Balanced Fund <br> (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp; 14.43% | &nbsp;&nbsp;&nbsp;&nbsp; 4.92% | &nbsp;&nbsp;&nbsp;&nbsp; 9.28% |
| Seeks to provide <br> shareholders with total <br> return.<br>| Columbia Variable Portfolio - Commodity <br> Strategy Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.09% | &nbsp;&nbsp;&nbsp;&nbsp; 5.69% | &nbsp;&nbsp;&nbsp;&nbsp; 8.94% |
| Seeks total return, <br> consisting of long-term <br> capital appreciation and <br> current income.<br>| Columbia Variable Portfolio - Contrarian Core <br> Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95%<sup>2</sup> <br>| &nbsp;&nbsp; 23.09% | &nbsp;&nbsp;&nbsp;&nbsp; 9.62% | &nbsp;&nbsp; 14.78% |
| Seeks to provide <br> shareholders with high <br> total return through <br> income and growth of <br> capital.<br>| Columbia Variable Portfolio - Corporate Bond <br> Fund (Class 3) (previously Columbia Variable <br> Portfolio - Global Strategic Income Fund <br> (Class 3))<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.60%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.25% | &nbsp;&nbsp;&nbsp; (0.69%) | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% |
| Seeks to provide <br> shareholders with <br> capital appreciation.<br>| Columbia Variable Portfolio - Disciplined <br> Core Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp; 25.89% | &nbsp;&nbsp;&nbsp;&nbsp; 8.28% | &nbsp;&nbsp; 13.92% |
| Seeks to provide <br> shareholders with a high <br> level of current income <br> and, as a secondary <br> objective, steady growth <br> of capital.<br>| Columbia Variable Portfolio - Dividend <br> Opportunity Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.86%<sup>2</sup> <br>| &nbsp;&nbsp; 15.28% | &nbsp;&nbsp;&nbsp;&nbsp; 6.12% | &nbsp;&nbsp;&nbsp;&nbsp; 8.75% |
| Non-diversified fund that <br> seeks to provide <br> shareholders with high <br> total return through <br> current income and, <br> secondarily, through <br> capital appreciation.<br>| Columbia Variable Portfolio - Emerging <br> Markets Bond Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.13% | &nbsp;&nbsp;&nbsp; (0.70%) | &nbsp;&nbsp;&nbsp;&nbsp; 0.46% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Columbia Variable Portfolio - Emerging <br> Markets Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.22%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | &nbsp;&nbsp;&nbsp; (8.23%) | &nbsp;&nbsp;&nbsp; (0.89%) |

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96 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to provide <br> shareholders with <br> maximum current <br> income consistent with <br> liquidity and stability of <br> principal.<br>| Columbia Variable Portfolio - Government <br> Money Market Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.49%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.84% | &nbsp;&nbsp;&nbsp;&nbsp; 3.53% | &nbsp;&nbsp;&nbsp;&nbsp; 2.16% |
| Seeks to provide <br> shareholders with high <br> current income as its <br> primary objective and, <br> as its secondary <br> objective, capital <br> growth.<br>| Columbia Variable Portfolio - High Yield Bond <br> Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.77%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.95% | &nbsp;&nbsp;&nbsp;&nbsp; 2.29% | &nbsp;&nbsp;&nbsp;&nbsp; 3.64% |
| Seeks to provide <br> shareholders with a high <br> total return through <br> current income and <br> capital appreciation.<br>| Columbia Variable Portfolio - Income <br> Opportunities Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.77%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.90% | &nbsp;&nbsp;&nbsp;&nbsp; 1.97% | &nbsp;&nbsp;&nbsp;&nbsp; 3.21% |
| Seeks to provide <br> shareholders with a high <br> level of current income <br> while attempting to <br> conserve the value of <br> the investment for the <br> longest period of time.<br>| Columbia Variable Portfolio - Intermediate <br> Bond Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp;&nbsp; 1.85% | &nbsp;&nbsp;&nbsp; (3.60%) | &nbsp;&nbsp;&nbsp;&nbsp; 0.08% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Columbia Variable Portfolio - Large Cap <br> Growth Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.85% | &nbsp;&nbsp; 31.19% | &nbsp;&nbsp;&nbsp;&nbsp; 8.74% | &nbsp;&nbsp; 17.33% |
| Seeks to provide <br> shareholders with <br> long-term capital <br> appreciation.<br>| Columbia Variable Portfolio - Large Cap Index <br> Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.38% | &nbsp;&nbsp; 24.54% | &nbsp;&nbsp;&nbsp;&nbsp; 8.52% | &nbsp;&nbsp; 14.07% |
| Seeks to provide <br> shareholders with a <br> level of current income <br> consistent with <br> preservation of capital.<br>| Columbia Variable Portfolio - Limited <br> Duration Credit Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.66%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.64% | &nbsp;&nbsp;&nbsp;&nbsp; 1.48% | &nbsp;&nbsp;&nbsp;&nbsp; 1.81% |
| Seeks total return, <br> consisting of current <br> income and capital <br> appreciation.<br>| Columbia Variable Portfolio - Long <br> Government/Credit Bond Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.72%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp; (4.39%) | &nbsp;&nbsp;&nbsp; (9.65%) | &nbsp;&nbsp;&nbsp; (3.58%) |
| Seeks to provide <br> shareholders with <br> capital appreciation.<br>| Columbia Variable Portfolio - Overseas Core <br> Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.92% | &nbsp;&nbsp;&nbsp;&nbsp; 3.35% | &nbsp;&nbsp;&nbsp;&nbsp; 0.55% | &nbsp;&nbsp;&nbsp;&nbsp; 4.00% |
| Seeks to provide <br> shareholders with <br> long-term growth of <br> capital.<br>| Columbia Variable Portfolio - Select Large <br> Cap Value Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp; 12.75% | &nbsp;&nbsp;&nbsp;&nbsp; 5.17% | &nbsp;&nbsp;&nbsp;&nbsp; 9.43% |

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 97

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to provide <br> shareholders with <br> growth of capital.<br>| Columbia Variable Portfolio - Select Mid Cap <br> Growth Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95%<sup>2</sup> <br>| &nbsp;&nbsp; 23.52% | &nbsp;&nbsp;&nbsp;&nbsp; 2.20% | &nbsp;&nbsp; 10.94% |
| Seeks to provide <br> shareholders with <br> long-term growth of <br> capital.<br>| Columbia Variable Portfolio - Select Mid Cap <br> Value Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95%<sup>2</sup> <br>| &nbsp;&nbsp; 12.41% | &nbsp;&nbsp;&nbsp;&nbsp; 3.85% | &nbsp;&nbsp;&nbsp;&nbsp; 9.71% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Columbia Variable Portfolio - Select Small <br> Cap Value Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.98%<sup>2</sup> <br>| &nbsp;&nbsp; 13.81% | &nbsp;&nbsp;&nbsp;&nbsp; 3.08% | &nbsp;&nbsp;&nbsp;&nbsp; 9.33% |
| Seeks to provide <br> shareholders with <br> current income as its <br> primary objective and, <br> as its secondary <br> objective, preservation <br> of capital.<br>| Columbia Variable Portfolio - <br> U.S. Government Mortgage Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp;&nbsp; 1.44% | &nbsp;&nbsp;&nbsp; (2.81%) | &nbsp;&nbsp;&nbsp; (0.95%) |
| The portfolio is <br> designed to achieve <br> positive total return <br> relative to the <br> performance of the <br> Bloomberg Commodity <br> Index Total Return <br> ("BCOM Index").<br>| Credit Suisse Trust - Commodity Return <br> Strategy Portfolio, Class 1<br> *Credit Suisse Asset Management, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.05%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.83% | &nbsp;&nbsp;&nbsp;&nbsp; 6.85% | &nbsp;&nbsp;&nbsp;&nbsp; 1.12% |
| Non-diversified fund that <br> seeks to provide <br> shareholders with total <br> return that exceeds the <br> rate of inflation over the <br> long term.<br>| CTIVP<sup>®</sup> - BlackRock Global Inflation-Protected <br> Securities Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; BlackRock Financial* <br> *Management, Inc., subadviser; BlackRock* <br> *International Limited, sub-subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.75%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp; (1.06%) | &nbsp;&nbsp;&nbsp; (5.36%) | &nbsp;&nbsp;&nbsp; (0.68%) |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| CTIVP<sup>®</sup> - Principal Blue Chip Growth Fund <br> (Class 1) (on or about June 1, 2025 to be <br> known as CTIVP<sup>®</sup> - Principal Large Cap <br> Growth Fund (Class 1))<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Principal Global Investors, LLC,* <br> *subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.69% | &nbsp;&nbsp; 21.42% | &nbsp;&nbsp;&nbsp;&nbsp; 6.85% | &nbsp;&nbsp; 13.79% |
| Seeks to provide <br> shareholders with <br> long-term growth of <br> capital.<br>| CTIVP<sup>®</sup> - Victory Sycamore Established Value <br> Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Victory Capital Management* <br> *Inc., subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95% | &nbsp;&nbsp;&nbsp;&nbsp; 9.77% | &nbsp;&nbsp;&nbsp;&nbsp; 5.39% | &nbsp;&nbsp; 10.72% |
| Seeks capital <br> appreciation.<br>| DWS Alternative Asset Allocation VIP, <br> Class B<sup>3</sup> <br>*DWS Investment Management Americas* <br> *Inc., adviser; RREEF America L.L.C.,* <br> *subadvisor.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.26% | &nbsp;&nbsp;&nbsp;&nbsp; 5.30% | &nbsp;&nbsp;&nbsp;&nbsp; 3.97% | &nbsp;&nbsp;&nbsp;&nbsp; 2.83% |
| Seeks high level of <br> current income.<br>| Eaton Vance VT Floating-Rate Income Fund - <br> Initial Class<br> *Eaton Vance Management*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.19% | &nbsp;&nbsp;&nbsp;&nbsp; 7.68% | &nbsp;&nbsp;&nbsp;&nbsp; 4.24% | &nbsp;&nbsp;&nbsp;&nbsp; 3.92% |

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98 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks long-term capital <br> appreciation.<br>| Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup> Portfolio Service <br> Class 2<br> *Fidelity Management & Research Company* <br> *(the Adviser) is the fund's manager. Fidelity* <br> *Management & Research Company (UK)* <br> *Limited, Fidelity Management & Research* <br> *Company (Hong Kong) Limited, Fidelity* <br> *Management & Research Company (Japan)* <br> *Limited, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp; 33.45% | &nbsp;&nbsp; 16.74% | &nbsp;&nbsp; 13.33% |
| Seeks long-term growth <br> of capital.<br>| Fidelity<sup>®</sup> VIP Mid Cap Portfolio Service <br> Class 2<br> *Fidelity Management & Research Company* <br> *(the Adviser) is the fund's manager. Fidelity* <br> *Management & Research Company (UK)* <br> *Limited, Fidelity Management & Research* <br> *Company (Hong Kong) Limited, Fidelity* <br> *Management & Research Company (Japan)* <br> *Limited, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp; 17.18% | &nbsp;&nbsp; 11.06% | &nbsp;&nbsp;&nbsp;&nbsp; 8.94% |
| Seeks long-term growth <br> of capital.<br>| Fidelity<sup>®</sup> VIP Overseas Portfolio Service <br> Class 2<br> *Fidelity Management & Research Company* <br> *(the Adviser) is the fund's manager. Fidelity* <br> *Management & Research Company (UK)* <br> *Limited, Fidelity Management & Research* <br> *Company (Hong Kong) Limited, Fidelity* <br> *Management & Research Company (Japan)* <br> *Limited, FIL Investment Advisers, FIL* <br> *Investment Advisers (UK) Limited and FIL* <br> *Investments (Japan) Limited, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 4.81% | &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | &nbsp;&nbsp;&nbsp;&nbsp; 6.06% |
| Seeks a high level of <br> current income and may <br> also seek capital <br> appreciation.<br>| Fidelity<sup>®</sup> VIP Strategic Income Portfolio <br> Service Class 2<br> *Fidelity Management & Research Company* <br> *(the Adviser) is the fund's manager. Fidelity* <br> *Management & Research Company (UK)* <br> *Limited, Fidelity Management & Research* <br> *Company (Hong Kong) Limited, Fidelity* <br> *Management & Research Company (Japan)* <br> *Limited, FIL Investment Advisers, FIL* <br> *Investment Advisers (UK) Limited and FIL* <br> *Investments (Japan) Limited, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 5.78% | &nbsp;&nbsp;&nbsp;&nbsp; 2.54% | &nbsp;&nbsp;&nbsp;&nbsp; 3.34% |
| Seeks high total return. <br> Under normal market <br> conditions, the fund <br> invests at least 80% of <br> its net assets in <br> investments of <br> companies located <br> anywhere in the world <br> that operate in the real <br> estate sector.<br>| Franklin Global Real Estate VIP Fund - <br> Class 2<br> *Franklin Advisers. Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.25%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp; (0.32%) | &nbsp;&nbsp;&nbsp; (0.30%) | &nbsp;&nbsp;&nbsp;&nbsp; 2.30% |

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 99

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to maximize <br> income while <br> maintaining prospects <br> for capital appreciation. <br> Under normal market <br> conditions, the fund <br> invests in a diversified <br> portfolio of equity and <br> debt securities.<br>| Franklin Income VIP Fund - Class 2<br> *Franklin Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.72%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.20% | &nbsp;&nbsp;&nbsp;&nbsp; 5.29% | &nbsp;&nbsp;&nbsp;&nbsp; 5.27% |
| Seeks capital <br> appreciation, with <br> income as a secondary <br> goal. Under normal <br> market conditions, the <br> fund invests primarily in <br> U.S. and foreign equity <br> securities that the <br> investment manager <br> believes are <br> undervalued.<br>| Franklin Mutual Shares VIP Fund - Class 2<br> *Franklin Mutual Advisers, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp; 11.27% | &nbsp;&nbsp;&nbsp;&nbsp; 5.75% | &nbsp;&nbsp;&nbsp;&nbsp; 5.83% |
| Seeks long-term total <br> return. Under normal <br> market conditions, the <br> fund invests at least <br> 80% of its net assets in <br> investments of small <br> capitalization <br> companies.<br>| Franklin Small Cap Value VIP Fund - Class 2<br> *Franklin Mutual Advisers, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.90%<sup>2</sup> <br>| &nbsp;&nbsp; 11.71% | &nbsp;&nbsp;&nbsp;&nbsp; 8.36% | &nbsp;&nbsp;&nbsp;&nbsp; 8.17% |
| Seeks long-term growth <br> of capital and dividend <br> income.<br>| Goldman Sachs VIT U.S. Equity Insights <br> Fund - Institutional Shares<br> *Goldman Sachs Asset Management, L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.56%<sup>2</sup> <br>| &nbsp;&nbsp; 28.32% | &nbsp;&nbsp; 14.15% | &nbsp;&nbsp; 12.05% |
| Non-diversified fund that <br> seeks capital growth.<br>| Invesco V.I. American Franchise Fund, <br> Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.10% | &nbsp;&nbsp; 34.56% | &nbsp;&nbsp; 15.56% | &nbsp;&nbsp; 13.88% |
| Seeks total return with a <br> low to moderate <br> correlation to traditional <br> financial market indices.<br>| Invesco V.I. Balanced-Risk Allocation Fund, <br> Series II Shares<sup>1</sup> <br>*Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.06%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.56% | &nbsp;&nbsp;&nbsp;&nbsp; 2.51% | &nbsp;&nbsp;&nbsp;&nbsp; 3.57% |
| Seeks capital growth <br> and income through <br> investments in equity <br> securities, including <br> common stocks, <br> preferred stocks and <br> securities convertible <br> into common and <br> preferred stocks.<br>| Invesco V.I. Comstock Fund, Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01% | &nbsp;&nbsp; 14.87% | &nbsp;&nbsp; 11.31% | &nbsp;&nbsp;&nbsp;&nbsp; 9.21% |
| Seeks capital <br> appreciation.<br>| Invesco V.I. Discovery Mid Cap Growth Fund, <br> Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.10% | &nbsp;&nbsp; 23.92% | &nbsp;&nbsp;&nbsp;&nbsp; 9.92% | &nbsp;&nbsp; 11.29% |

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100 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to provide <br> reasonable current <br> income and long-term <br> growth of income and <br> capital.<br>| Invesco V.I. Diversified Dividend Fund, <br> Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.93% | &nbsp;&nbsp; 12.96% | &nbsp;&nbsp;&nbsp;&nbsp; 7.37% | &nbsp;&nbsp;&nbsp;&nbsp; 7.57% |
| Seeks long-term growth <br> of capital.<br>| Invesco V.I. EQV International Equity Fund, <br> Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.34% | &nbsp;&nbsp;&nbsp;&nbsp; 2.97% | &nbsp;&nbsp;&nbsp;&nbsp; 4.10% |
| Seeks capital <br> appreciation.<br>| Invesco V.I. Global Fund, Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.06% | &nbsp;&nbsp; 15.78% | &nbsp;&nbsp;&nbsp;&nbsp; 9.21% | &nbsp;&nbsp;&nbsp;&nbsp; 9.58% |
| Seeks total return | Invesco V.I. Global Strategic Income Fund, <br> Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.18%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.02% | &nbsp;&nbsp;&nbsp; (0.43%) | &nbsp;&nbsp;&nbsp;&nbsp; 1.28% |
| Seeks long-term growth <br> of capital.<br>| Invesco V.I. Health Care Fund, Series II <br> Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.24% | &nbsp;&nbsp;&nbsp;&nbsp; 3.87% | &nbsp;&nbsp;&nbsp;&nbsp; 3.38% | &nbsp;&nbsp;&nbsp;&nbsp; 5.13% |
| Seeks capital <br> appreciation.<br>| Invesco V.I. Main Street Fund<sup>®</sup>, Series II <br> Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.05%<sup>2</sup> <br>| &nbsp;&nbsp; 23.39% | &nbsp;&nbsp; 11.81% | &nbsp;&nbsp; 10.97% |
| Seeks capital <br> appreciation.<br>| Invesco V.I. Main Street Small Cap Fund<sup>®</sup>, <br> Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.11% | &nbsp;&nbsp; 12.41% | &nbsp;&nbsp; 10.21% | &nbsp;&nbsp;&nbsp;&nbsp; 8.73% |
| Seeks long-term capital <br> growth, consistent with <br> preservation of capital <br> and balanced by current <br> income.<br>| Janus Henderson Balanced Portfolio: <br> Service Shares<br> *Janus Henderson Investors US LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 15.15% | &nbsp;&nbsp;&nbsp;&nbsp; 8.06% | &nbsp;&nbsp;&nbsp;&nbsp; 8.40% |
| Seeks to obtain <br> maximum total return, <br> consistent with <br> preservation of capital.<br>| Janus Henderson Flexible Bond Portfolio: <br> Service Shares<br> *Janus Henderson Investors US LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.82%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.63% | &nbsp;&nbsp;&nbsp;&nbsp; 0.09% | &nbsp;&nbsp;&nbsp;&nbsp; 1.35% |
| Non-diversified fund that <br> pursues its investment <br> objective by investing <br> primarily in common <br> stocks selected for their <br> growth potential.<br>| Janus Henderson Research Portfolio: <br> Service Shares<br> *Janus Henderson Investors US LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.92% | &nbsp;&nbsp; 34.96% | &nbsp;&nbsp; 16.49% | &nbsp;&nbsp; 14.25% |
| Seeks total return. | Lazard Retirement Global Dynamic <br> Multi-Asset Portfolio - Service Shares<sup>1</sup> <br>*Lazard Asset Management, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.05%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.60% | &nbsp;&nbsp;&nbsp;&nbsp; 2.33% | &nbsp;&nbsp;&nbsp;&nbsp; 4.35% |
| Seeks long-term capital <br> growth. Income is a <br> secondary objective.<br>| LVIP American Century Mid Cap Value Fund, <br> Service Class<br> *Lincoln Financial Investments Corporation,* <br> *investment adviser; American Century* <br> *Investment Management, Inc., investment* <br> *sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.52% | &nbsp;&nbsp;&nbsp;&nbsp; 7.13% | &nbsp;&nbsp;&nbsp;&nbsp; 7.87% |
| Seeks capital growth. | LVIP American Century Ultra<sup>®</sup> Fund, Service <br> Class<br> *Lincoln Financial Investments Corporation,* <br> *investment adviser; American Century* <br> *Investment Management, Inc., investment* <br> *sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.90%<sup>2</sup> <br>| &nbsp;&nbsp; 28.62% | &nbsp;&nbsp; 18.01% | &nbsp;&nbsp; 16.29% |

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 101

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks long-term capital <br> growth. Income is a <br> secondary objective.<br>| LVIP American Century Value Fund, Service <br> Class<br> *Lincoln Financial Investments Corporation,* <br> *investment adviser; American Century* <br> *Investment Management, Inc., investment* <br> *sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.86%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.29% | &nbsp;&nbsp;&nbsp;&nbsp; 8.41% | &nbsp;&nbsp;&nbsp;&nbsp; 8.01% |
| Seeks to provide total <br> return.<br>| Macquarie VIP Asset Strategy Series - <br> Service Class<br> *Ivy Investment Management Company*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.85%<sup>2</sup> <br>| &nbsp;&nbsp; 12.44% | &nbsp;&nbsp;&nbsp;&nbsp; 6.56% | &nbsp;&nbsp;&nbsp;&nbsp; 5.27% |
| Seeks capital <br> appreciation.<br>| MFS<sup>®</sup> Massachusetts Investors Growth <br> Stock Portfolio - Service Class<br> *Massachusetts Financial Services Company*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.97%<sup>2</sup> <br>| &nbsp;&nbsp; 15.98% | &nbsp;&nbsp; 12.16% | &nbsp;&nbsp; 12.91% |
| Seeks total return. | MFS<sup>®</sup> Utilities Series - Service Class<br> *Massachusetts Financial Services Company*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.04%<sup>2</sup> <br>| &nbsp;&nbsp; 11.34% | &nbsp;&nbsp;&nbsp;&nbsp; 5.61% | &nbsp;&nbsp;&nbsp;&nbsp; 6.02% |
| The Fund seeks <br> long-term capital growth <br> by investing primarily in <br> common stocks and <br> other equity securities.<br>| Morgan Stanley VIF Discovery Portfolio, <br> Class II Shares<br> *Morgan Stanley Investment Management* <br> *Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.05%<sup>2</sup> <br>| &nbsp;&nbsp; 41.73% | &nbsp;&nbsp; 11.11% | &nbsp;&nbsp; 12.02% |
| Seeks long-term growth <br> of capital by investing <br> primarily in securities of <br> companies that meet <br> the Fund's <br> environmental, social <br> and governance (ESG) <br> criteria.<br>| Neuberger Berman AMT Sustainable Equity <br> Portfolio (Class S)<br> *Neuberger Berman Investment Advisers LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp; 25.52% | &nbsp;&nbsp; 13.68% | &nbsp;&nbsp; 11.18% |
| Seeks maximum real <br> return, consistent with <br> preservation of real <br> capital and prudent <br> investment <br> management.<br>| PIMCO VIT All Asset Portfolio, Advisor Class<sup>3</sup> <br>*Pacific Investment Management Company* <br> *LLC (PIMCO)*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.37%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.57% | &nbsp;&nbsp;&nbsp;&nbsp; 4.31% | &nbsp;&nbsp;&nbsp;&nbsp; 4.25% |
| Seeks total return which <br> exceeds that of a blend <br> of 60% MSCI World <br> Index/40% Barclays <br> U.S. Aggregate Index.<br>| PIMCO VIT Global Managed Asset Allocation <br> Portfolio, Advisor Class<sup>3</sup> <br>*Pacific Investment Management Company* <br> *LLC (PIMCO)*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.28%<sup>2</sup> <br>| &nbsp;&nbsp; 10.75% | &nbsp;&nbsp;&nbsp;&nbsp; 6.03% | &nbsp;&nbsp;&nbsp;&nbsp; 5.75% |
| Seeks maximum total <br> return, consistent with <br> preservation of capital <br> and prudent investment <br> management.<br>| PIMCO VIT Total Return Portfolio, Advisor <br> Class<br> *Pacific Investment Management Company* <br> *LLC (PIMCO)*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 2.43% | &nbsp;&nbsp;&nbsp; (0.13%) | &nbsp;&nbsp;&nbsp;&nbsp; 1.43% |

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102 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks high current <br> income, consistent with <br> preservation of capital, <br> with capital appreciation <br> as a secondary <br> consideration. Under <br> normal market <br> conditions, the fund <br> invests at least 80% of <br> its net assets in debt <br> securities of any <br> maturity.<br>| Templeton Global Bond VIP Fund - Class 2<br> *Franklin Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.75%<sup>2</sup> <br>| (11.37%) | &nbsp;&nbsp;&nbsp; (4.85%) | &nbsp;&nbsp;&nbsp; (2.03%) |
| Seeks long-term capital <br> appreciation by <br> investing in common <br> stocks of gold-mining <br> companies. The Fund <br> may take current <br> income into <br> consideration when <br> choosing investments.<br>| VanEck VIP Global Gold Fund (Class S <br> Shares)<br> *Van Eck Associates Corporation*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.45%<sup>2</sup> <br>| &nbsp;&nbsp; 14.41% | &nbsp;&nbsp;&nbsp;&nbsp; 5.46% | &nbsp;&nbsp;&nbsp;&nbsp; 6.69% |
| Seeks to provide a high <br> level of total return that <br> is consistent with an <br> aggressive level of risk.<br>| Variable Portfolio - Aggressive Portfolio <br> (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.04% | &nbsp;&nbsp; 13.20% | &nbsp;&nbsp;&nbsp;&nbsp; 2.78% | &nbsp;&nbsp;&nbsp;&nbsp; 7.64% |
| Seeks to provide a high <br> level of total return that <br> is consistent with an <br> aggressive level of risk.<br>| Variable Portfolio - Aggressive Portfolio <br> (Class 4)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.04% | &nbsp;&nbsp; 13.21% | &nbsp;&nbsp;&nbsp;&nbsp; 2.77% | &nbsp;&nbsp;&nbsp;&nbsp; 7.64% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> conservative level of <br> risk.<br>| Variable Portfolio - Conservative Portfolio <br> (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.87%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.42% | &nbsp;&nbsp;&nbsp; (1.47%) | &nbsp;&nbsp;&nbsp;&nbsp; 1.46% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> conservative level of <br> risk.<br>| Variable Portfolio - Conservative Portfolio <br> (Class 4)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.87%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.49% | &nbsp;&nbsp;&nbsp; (1.45%) | &nbsp;&nbsp;&nbsp;&nbsp; 1.46% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Risk Fund <br> (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.02%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.41% | &nbsp;&nbsp;&nbsp;&nbsp; 0.49% | &nbsp;&nbsp;&nbsp;&nbsp; 3.90% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Risk U.S. Fund <br> (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.99% | &nbsp;&nbsp; 11.70% | &nbsp;&nbsp;&nbsp;&nbsp; 1.93% | &nbsp;&nbsp;&nbsp;&nbsp; 5.68% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Volatility <br> Conservative Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95% | &nbsp;&nbsp;&nbsp;&nbsp; 4.31% | &nbsp;&nbsp;&nbsp; (1.86%) | &nbsp;&nbsp;&nbsp;&nbsp; 0.96% |

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 103

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Volatility <br> Conservative Growth Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 6.80% | &nbsp;&nbsp;&nbsp; (0.87%) | &nbsp;&nbsp;&nbsp;&nbsp; 2.32% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Volatility Growth <br> Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01% | &nbsp;&nbsp; 11.98% | &nbsp;&nbsp;&nbsp;&nbsp; 1.11% | &nbsp;&nbsp;&nbsp;&nbsp; 5.18% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Volatility <br> Moderate Growth Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 9.41% | &nbsp;&nbsp;&nbsp;&nbsp; 0.18% | &nbsp;&nbsp;&nbsp;&nbsp; 3.82% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderate level of risk.<br>| Variable Portfolio - Moderate Portfolio <br> (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.97% | &nbsp;&nbsp;&nbsp;&nbsp; 8.72% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 4.73% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderate level of risk.<br>| Variable Portfolio - Moderate Portfolio <br> (Class 4)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.97% | &nbsp;&nbsp;&nbsp;&nbsp; 8.71% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 4.72% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderately aggressive <br> level of risk.<br>| Variable Portfolio - Moderately Aggressive <br> Portfolio (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01% | &nbsp;&nbsp; 11.00% | &nbsp;&nbsp;&nbsp;&nbsp; 1.68% | &nbsp;&nbsp;&nbsp;&nbsp; 6.13% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderately aggressive <br> level of risk.<br>| Variable Portfolio - Moderately Aggressive <br> Portfolio (Class 4)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01% | &nbsp;&nbsp; 10.98% | &nbsp;&nbsp;&nbsp;&nbsp; 1.68% | &nbsp;&nbsp;&nbsp;&nbsp; 6.13% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderately conservative <br> level of risk.<br>| Variable Portfolio - Moderately Conservative <br> Portfolio (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp;&nbsp;&nbsp; 6.41% | &nbsp;&nbsp;&nbsp; (0.45%) | &nbsp;&nbsp;&nbsp;&nbsp; 2.98% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderately conservative <br> level of risk.<br>| Variable Portfolio - Moderately Conservative <br> Portfolio (Class 4)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp;&nbsp;&nbsp; 6.40% | &nbsp;&nbsp;&nbsp; (0.46%) | &nbsp;&nbsp;&nbsp;&nbsp; 2.97% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Variable Portfolio - Partners Core Equity Fund <br> (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; J.P. Morgan Investment* <br> *Management Inc. and T. Rowe Price* <br> *Associates, Inc., subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp; 23.26% | &nbsp;&nbsp;&nbsp;&nbsp; 8.22% | &nbsp;&nbsp; 13.88% |

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104 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to provide <br> shareholders with <br> long-term capital <br> appreciation.<br>| Variable Portfolio - Partners Small Cap Value <br> Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Segall Bryant & Hamill, LLC* <br> *and William Blair Investment Management,* <br> *LLC, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.97%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.83% | &nbsp;&nbsp;&nbsp;&nbsp; 1.41% | &nbsp;&nbsp;&nbsp;&nbsp; 6.11% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - U.S. Flexible Conservative <br> Growth Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95% | &nbsp;&nbsp;&nbsp;&nbsp; 9.41% | &nbsp;&nbsp;&nbsp;&nbsp; 0.44% | &nbsp;&nbsp;&nbsp;&nbsp; 2.89% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - U.S. Flexible Growth Fund <br> (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp; 17.15% | &nbsp;&nbsp;&nbsp;&nbsp; 3.60% | &nbsp;&nbsp;&nbsp;&nbsp; 6.12% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - U.S. Flexible Moderate <br> Growth Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.93% | &nbsp;&nbsp; 13.19% | &nbsp;&nbsp;&nbsp;&nbsp; 2.05% | &nbsp;&nbsp;&nbsp;&nbsp; 4.57% |
| Seeks long-term capital <br> appreciation.<br>| Wanger Acorn (on or about June 1, 2025 to <br> be known as Columbia Variable Portfolio - <br> Acorn Fund)<br> *Columbia Wanger Asset Management, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.91%<sup>2</sup> <br>| &nbsp;&nbsp; 14.18% | &nbsp;&nbsp;&nbsp; (2.57%) | &nbsp;&nbsp;&nbsp;&nbsp; 4.58% |
| Seeks long-term capital <br> appreciation.<br>| Wanger International (on or about <br> June 1, 2025 to be known as Columbia <br> Variable Portfolio - Acorn International Fund)<br> *Columbia Wanger Asset Management, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.08%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp; (8.25%) | (10.79%) | &nbsp;&nbsp;&nbsp; (0.72%) |
| Seeks to maximize total <br> return.<br>| Western Asset Variable Global High Yield <br> Bond Portfolio - Class II<br> *Franklin Templeton Fund Adviser, LLC,* <br> *adviser; Western Asset Management* <br> *Company, LLC, subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.06% | &nbsp;&nbsp;&nbsp;&nbsp; 6.70% | &nbsp;&nbsp;&nbsp;&nbsp; 1.81% | &nbsp;&nbsp;&nbsp;&nbsp; 3.45% |

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<sup>1</sup>

This Fund is managed in a way that is intended to minimize volatility of returns. See "Principal Risks of Investing in the Contract."

<sup>2</sup>

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.

<sup>3</sup>

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.

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)

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 105

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**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.** 

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| | | |
|:---|:---|:---|
| **Name** | **Term** | **Minimum** <br> **Guaranteed**<br> **Interest Rate**<br>|
| 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% |

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106 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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.** 

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Term** | **Contract**<br> **Issue**<br> **Year**<br>| **Minimum**<br> **Guaranteed**<br> **Interest Rate**<sup>(1)(2)</sup><br>|
| &nbsp;&nbsp; Regular Fixed Account<br> (not available for RAVA 4 Access contracts) | 1 Year | 2006 | 1.50% or 3.00% |
| &nbsp;&nbsp; Regular Fixed Account<br> (not available for RAVA 4 Access contracts) | 1 Year | 2007 | 1.50% or 3.00% |
| &nbsp;&nbsp; Regular Fixed Account<br> (not available for RAVA 4 Access contracts) | 1 Year | 2008 | 1.50% |
| &nbsp;&nbsp; Regular Fixed Account<br> (not available for RAVA 4 Access contracts) | 1 Year | 2009 | 1.50% |
| &nbsp;&nbsp; Regular Fixed Account<br> (not available for RAVA 4 Access contracts) | 1 Year | 2010 | 1.25% |
| &nbsp;&nbsp; Regular Fixed Account<br> (not available for RAVA 4 Access contracts) | 1 Year | 2011 | 1.00% |
| &nbsp;&nbsp; Regular Fixed Account<br> (not available for RAVA 4 Access contracts) | 1 Year | 2012 | 1.00% |
| Special DCA Fixed Account | 6 Months | 2006 | 1.50% or 3.00% |
| Special DCA Fixed Account | 6 Months | 2007 | 1.50% or 3.00% |
| Special DCA Fixed Account | 6 Months | 2008 | 1.50% |
| Special DCA Fixed Account | 6 Months | 2009 | 1.50% |
| Special DCA Fixed Account | 6 Months | 2010 | 1.25% |
| Special DCA Fixed Account | 6 Months | 2011 | 1.00% |
| Special DCA Fixed Account | 6 Months | 2012 | 1.00% |
| Special DCA Fixed Account | 1 Year | 2006 | 1.50% or 3.00% |
| Special DCA Fixed Account | 1 Year | 2007 | 1.50% or 3.00% |
| Special DCA Fixed Account | 1 Year | 2008 | 1.50% |
| Special DCA Fixed Account | 1 Year | 2009 | 1.50% |
| Special DCA Fixed Account | 1 Year | 2010 | 1.25% |
| Special DCA Fixed Account | 1 Year | 2011 | 1.00% |
| Special DCA Fixed Account | 1 Year | 2012 | 1.00% |

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&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup>

Minimum guaranteed interest rates vary by Issue State and Issue Date. See your Contract Data Page for your applicable minimum guaranteed interest rate.

&nbsp;&nbsp;&nbsp;&nbsp;<sup>(2)</sup>

RAVA 4 Advantage contracts issued in WA have a 3.00% minimum guaranteed interest rate.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 107

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Appendix B: Example – Surrender Charges

**The purpose of this appendix is to illustrate the various surrender charge calculations. The examples may show hypothetical contract values. These contract values do not represent past or future performance. Actual contract values may be more or less than those shown and will depend on a number of factors, including but not limited to the investment experience of the subaccounts, GPAs, Special DCA fixed account, regular fixed account and the fees and charges that apply to your contract.** 

**Full surrender charge calculation – ten-year surrender charge schedule:** 

This is an example of how we calculate the surrender charge for a full surrender on a RAVA 4 Advantage contract with a ten-year surrender charge schedule with the following history:

• we receive a single $100,000 purchase payment; and

• you surrender the contract for its total value during the fourth contract year. The surrender charge percentage is 7.0%; and

• you have made no prior partial surrenders.

**We will look at two situations, one where the contract has a gain and another where there is a loss:** <br>

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|  |
|  | Contract Value at time of full surrender: | $120000.00 | &nbsp;&nbsp; $80000.00 |  |
|  | Contract Value on prior anniversary: | 115000.00 | &nbsp;&nbsp; 85000.00 |  |
| **Step 1.** | We determine the Total Free Amount (TFA) available in the <br> contract as the greatest of the earnings or 10% of the prior <br> anniversary value:<br>|  |  |  |
|  | Earnings in the contract: | 20000.00 | 0.00 |  |
|  | 10% of the prior anniversary's contract value: | 11500.00 | &nbsp;&nbsp; 8500.00 |  |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |  |
| **Step 2.** | We determine the TFA that is from Purchase Payments: |  |  |  |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |  |
|  | Earnings in the contract: | 20000.00 | 0.00 |  |
|  | Purchase Payments being Surrendered Free (PPF): | 0.00 | &nbsp;&nbsp; 8500.00 |  |
| **Step 3.** | We calculate the Premium Ratio (PR): |  |  |  |
|  | **PR = [WD – TFA] / [CV – TFA]** |  |  |  |
|  | WD = | 120000.00 | &nbsp;&nbsp; 80000.00 | the amount of <br> the surrender<br>|
|  | TFA = | 20000.00 | &nbsp;&nbsp; 8500.00 | the total free <br> amount, step 1<br>|
|  | CV = | 120000.00 | &nbsp;&nbsp; 80000.00 | the contract <br> value at the <br> time of the <br> surrender<br>|
|  | PR = | 100% | &nbsp;&nbsp; 100% | the premium <br> ratio<br>|
| **Step 4.** | We calculate Chargeable Purchase Payments being <br> Surrendered (CPP):<br>|  |  |  |
|  | **CPP = PR × (PP – PPF)** |  |  |  |
|  | PR = | 100% | &nbsp;&nbsp; 100% | premium ratio, <br> step 3<br>|
|  | PP = | 100000.00 | &nbsp;&nbsp; 100000.00 | purchase <br> payments not <br> previously <br> surrendered<br>|
|  | PPF = | 0.00 | &nbsp;&nbsp; 8500.00 | purchase <br> payments being <br> surrendered <br> free, step 2<br>|
|  | CPP = | 100000.00 | &nbsp;&nbsp; 91500.00 |  |

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108 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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---

| | | | |
|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|
| **Step 5.** | We calculate the Surrender Charges: |  |  |
|  | Chargeable Purchase Payments: | 100000.00 | &nbsp;&nbsp; 91500.00 |
|  | Surrender Charge Percentage: | 7% | &nbsp;&nbsp; 7% |
|  | Surrender Charge: | 7000.00 | &nbsp;&nbsp; 6405.00 |
| **Step 6.** | We calculate the Net Surrender Value: | 120000.00 | &nbsp;&nbsp; 80000.00 |
|  | Contract Value Surrendered: | (7000.00)<br>| &nbsp;&nbsp; (6405.00)<br>|
|  | Contract Charge (assessed upon full surrender): | (50.00)<br>| &nbsp;&nbsp; (50.00)<br>|
|  | **Net Full Surrender Proceeds:** | **112950.00** | &nbsp;&nbsp; **73545.00** |

---

**Partial surrender charge calculation – ten-year surrender charge schedule:** 

This is an example of how we calculate the surrender charge for a partial surrender on a RAVA 4 Advantage contract with a ten-year surrender charge schedule with the following history:

• we receive a single $100,000 purchase payment; and

• you request a gross partial surrender of $50,000 during the fourth contract year. The surrender charge percentage is 7.0%; and

• you have made no prior partial surrenders.

**We will look at two situations, one where the contract has a gain and another where there is a loss:** <br>

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract** <br> **with Loss**<br>|  |
|  | Contract Value at time of partial surrender: | $120000.00 | &nbsp;&nbsp; $80000.00 |  |
|  | Contract Value on prior anniversary: | 115000.00 | &nbsp;&nbsp; 85000.00 |  |
| **Step 1.** | We determine the Total Free Amount (TFA) available in the <br> contract as the greatest of the earnings or 10% of the prior <br> anniversary value:<br>|  |  |  |
|  | Earnings in the contract: | 20000.00 | 0.00 |  |
|  | 10% of the prior anniversary's contract value: | 11500.00 | &nbsp;&nbsp; 8500.00 |  |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |  |
| **Step 2.** | We determine the TFA that is from Purchase Payments: |  |  |  |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |  |
|  | Earnings in the contract: | 20000.00 | 0.00 |  |
|  | Purchase Payments being Surrendered Free (PPF): | 0.00 | &nbsp;&nbsp; 8500.00 |  |
| **Step 3.** | We calculate the Premium Ratio (PR): |  |  |  |
|  | **PR = [WD – TFA] / [CV – TFA]** |  |  |  |
|  | WD = | 50000.00 | &nbsp;&nbsp; 50000.00 | the amount of <br> the surrender<br>|
|  | TFA = | 20000.00 | &nbsp;&nbsp; 8500.00 | the total free <br> amount, step 1<br>|
|  | CV = | 120000.00 | &nbsp;&nbsp; 80000.00 | the contract <br> value at the <br> time of <br> surrender<br>|
|  | PR = | 30% | &nbsp;&nbsp; 58% | the premium <br> ratio<br>|

---

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 109

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract** <br> **with Loss**<br>|  |
| **Step 4.** | We calculate the Chargeable Purchase Payments being <br> Surrendered (CPP):<br>|  |  |  |
|  | **CPP = PR × (PP – PPF)** |  |  |  |
|  | PR = | 30% | &nbsp;&nbsp; 58% | premium ratio, <br> step 3<br>|
|  | PP = | 100000.00 | &nbsp;&nbsp; 100000.00 | purchase <br> payments not <br> previously <br> surrendered<br>|
|  | PPF = | 0.00 | &nbsp;&nbsp; 8500.00 | purchase <br> payments being <br> surrendered <br> free, step 2<br>|
|  | CPP = | 30000.00 | &nbsp;&nbsp; 53108.39 | chargeable <br> purchase <br> payments being <br> surrendered<br>|
| **Step 5.** | We calculate the Surrender Charges: |  |  |  |
|  | Chargeable Purchase Payments: | 30000.00 | &nbsp;&nbsp; 53108.39 |  |
|  | Surrender Charge Percentage: | 7% | &nbsp;&nbsp; 7% |  |
|  | Surrender Charge: | 2100 | &nbsp;&nbsp; 3718 |  |
| **Step 6.** | We calculate the Net Surrender Value: |  |  |  |
|  | Contract Value Surrendered: | 50000.00 | &nbsp;&nbsp; 50000.00 |  |
|  | Surrender Charge: | (2100.00)<br>| &nbsp;&nbsp; (3717.59)<br>|  |
|  | **Net Partial Surrender Proceeds:** | **47900.00** | &nbsp;&nbsp; **46282.41** |  |

---

**Full surrender charge calculation – three-year surrender charge schedule:** 

This is an example of how we calculate the surrender charge for a full surrender on a RAVA 4 Select contract with a three-year surrender charge schedule with the following history:

• we receive a single $100,000 purchase payment; and

• you surrender the contract for its total value during the second contract year. The surrender charge percentage is 7.0%; and

• you have made no prior partial surrenders.

**We will look at two situations, one where the contract has a gain and another where there is a loss:** <br>

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|
|  | Contract Value at time of full surrender: | $120000.00 | &nbsp;&nbsp; $80000.00 |
|  | Contract Value on prior anniversary: | 115000.00 | &nbsp;&nbsp; 85000.00 |
| **Step 1.** | We determine the Total Free Amount (TFA) available in the <br> contract as the greatest of the earnings or 10% of the prior <br> anniversary value:<br>|  |  |
|  | Earnings in the Contract: | 20000.00 | 0.00 |
|  | 10% of the prior anniversary's contract value: | 11500.00 | &nbsp;&nbsp; 8500.00 |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |
| **Step 2.** | We determine the TFA and Amount Free that is from <br> Purchase Payments:<br>|  |  |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |
|  | Earnings in the contract: | 20000.00 | 0.00 |
|  | Purchase Payments being Surrendered Free (PPF): | 0.00 | &nbsp;&nbsp; 8500.00 |

---

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110 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|  |
| **Step 3.** | We calculate the Premium Ratio (PR): |  |  |  |
|  | **PR = [WD – TFA] /[CV – TFA]** |  |  |  |
|  | WD = | 120000.00 | &nbsp;&nbsp; 80000.00 | the amount of <br> the surrender<br>|
|  | TFA = | 20000.00 | &nbsp;&nbsp; 8500.00 | the total free <br> amount, step 1<br>|
|  | CV = | 120000.00 | &nbsp;&nbsp; 80000.00 | the contract <br> value at the <br> time of the <br> surrender<br>|
|  | PR = | 100% | &nbsp;&nbsp; 100% |  |
| **Step 4.** | We calculate Chargeable Purchase Payments being <br> Surrendered (CPP):<br>|  |  |  |
|  | **CPP = PR × (PP – PPF)** |  |  |  |
|  | PR = | 100% | &nbsp;&nbsp; 100% | premium ratio, <br> step 3<br>|
|  | PP = | 100000.00 | &nbsp;&nbsp; 100000.00 | purchase <br> payments not <br> previously <br> surrendered<br>|
|  | PPF = | 0.00 | &nbsp;&nbsp; 8500.00 | purchase <br> payments being <br> surrendered <br> free, step 2<br>|
|  | CPP = | 100000.00 | &nbsp;&nbsp; 91500.00 |  |
| **Step 5.** | We calculate the Surrender Charges: |  |  |  |
|  | Chargeable Purchase Payments: | 100000.00 | &nbsp;&nbsp; 91500.00 |  |
|  | Surrender Charge Percentage: | 7% | &nbsp;&nbsp; 7% |  |
|  | Surrender Charge: | 7000.00 | &nbsp;&nbsp; 6405.00 |  |
| **Step 6.** | We calculate the Net Surrender Value: | 120000.00 | &nbsp;&nbsp; 80000.00 |  |
|  | Contract Value Surrendered: | (7000.00)<br>| &nbsp;&nbsp; (6405.00)<br>|  |
|  | Contract Charge (assessed upon full surrender): | (50.00)<br>| &nbsp;&nbsp; (50.00)<br>|  |
|  | **Net Full Surrender Proceeds:** | **112950.00** | &nbsp;&nbsp; **73545.00** |  |

---

**Partial surrender charge calculation – three-year surrender charge schedule:** 

This is an example of how we calculate the surrender charge for a partial surrender on a RAVA 4 Select contract with a three-year surrender charge schedule with the following history:

• we receive a single $100,000 purchase payment; and

• you request a gross partial surrender of $50,000 during the second contract year. The surrender charge percentage is 7.0%; and

• you have made no prior partial surrenders.

**We will look at two situations, one where the contract has a gain and another where there is a loss:** <br>

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|
|  | Contract Value at time of partial surrender: | $120000.00 | &nbsp;&nbsp; $80000.00 |
|  | Contract Value on prior anniversary: | 115000.00 | &nbsp;&nbsp; 85000.00 |
| **Step 1.** | We determine the Total Free Amount (TFA) available in the <br> contract as the greatest of the earnings or 10% of the prior <br> anniversary value:<br>|  |  |
|  | Earnings in the contract: | 20000.00 | 0.00 |
|  | 10% of the prior anniversary's contract value: | 11500.00 | &nbsp;&nbsp; 8500.00 |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |

---

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 111

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|  |
| **Step 2.** | We determine the Amount Free that is from Purchase <br> Payments:<br>|  |  |  |
|  | Total Free Amount: | 20000.00 | &nbsp;&nbsp; 8500.00 |  |
|  | Earnings in the contract: | 20000.00 | 0.00 |  |
|  | Purchase Payments being Surrendered Free |  |  |  |
|  | (PPF): | 0.00 | &nbsp;&nbsp; 8500.00 |  |
| **Step 3.** | We calculate the Premium Ratio (PR): |  |  |  |
|  | **PR = [WD – TFA] / [CV – TFA]** |  |  |  |
|  | WD = | 50000.00 | &nbsp;&nbsp; 50000.00 | the amount of <br> the surrender<br>|
|  | TFA = | 20000.00 | &nbsp;&nbsp; 8500.00 | the total free <br> amount, step 1<br>|
|  | CV = | 120000.00 | &nbsp;&nbsp; 80000.00 | the contract <br> value at the <br> time of <br> surrender<br>|
|  | PR = | 30% | &nbsp;&nbsp; 58% | the premium <br> ratio<br>|
| **Step 4.** | We calculate the Chargeable Purchase Payments being <br> Surrendered (CPP):<br>|  |  |  |
|  | **CPP = PR × (PP – PPF)** |  |  |  |
|  | PR = | 30% | &nbsp;&nbsp; 58% | premium ratio, <br> step 3<br>|
|  | PP = | 100000.00 | &nbsp;&nbsp; 100000.00 | purchase <br> payments not <br> previously <br> surrendered<br>|
|  | PPF = | 0.00 | &nbsp;&nbsp; 8500.00 | purchase <br> payments being <br> surrendered <br> free, step 2<br>|
|  | CPP = | 30000.00 | &nbsp;&nbsp; 53108.39 | chargeable <br> purchase <br> payments being <br> surrendered<br>|
| **Step 5.** | We calculate the Surrender Charges: |  |  |  |
|  | Chargeable Purchase Payments: | 30000.00 | &nbsp;&nbsp; 53108.39 |  |
|  | Surrender Charge Percentage: | 7% | &nbsp;&nbsp; 7% |  |
|  | Surrender Charge: | 2100 | &nbsp;&nbsp; 3718 |  |
| **Step 6.** | We calculate the Net Surrender Value: |  |  |  |
|  | Contract Value Surrendered: | 50000.00 | &nbsp;&nbsp; 50000.00 |  |
|  | Surrender Charge: | (2100.00)<br>| &nbsp;&nbsp; (3717.59)<br>|  |
|  | **Net Partial Surrender Proceeds:** | **47900.00** | &nbsp;&nbsp; **46282.41** |  |

---

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112 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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Appendix C: Example – Optional Death Benefits

**The purpose of this appendix is to illustrate the operation of various optional death benefit riders.** 

**In order to demonstrate these contract riders, an example may show hypothetical contract values. These contract values do not represent past or future performance. Actual contract values may be more or less than those shown and will depend on a number of factors, including but not limited to the investment experience of the subaccounts, GPAs, Special DCA fixed account, regular fixed account and the fees and charges that apply to your contract.** 

**The examples of the optional death benefits in appendix include partial surrenders to illustrate the effect of partial surrenders on the particular benefit. These examples are intended to show how the optional death benefits operate, and do not take into account whether a particular optional death benefit is part of a qualified annuity. Qualified annuities are subject to RMDs at certain ages (see "Taxes — Qualified Annuities — Required Minimum Distributions") which may require you to take partial surrenders from the contract. If you are considering the addition of certain death benefits to a qualified annuity, you should consult your tax advisor prior to making a purchase for an explanation of the potential tax implication to you.** 

**Example — ROPP Death Benefit** 

• You purchase the contract (with the ROPP rider) with a payment of $20,000.

• The contract value falls to $18,000, at which point you take a $1,500 partial surrender, leaving a contract value of $16,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **We calculate the death benefit as follows:** | **We calculate the death benefit as follows:** |  |
| The total purchase payments minus adjustments for partial surrenders: | The total purchase payments minus adjustments for partial surrenders: |  |
| Total purchase payments minus adjusted partial surrenders, calculated as: | Total purchase payments minus adjusted partial surrenders, calculated as: | $20000 |
| $1,500 × $20,000 | = | 1667 |
| $18000 | = |  |
| a death benefit of: | a death benefit of: | $18333 |

---

**Example — MAV Death Benefit** 

• You purchase the contract (with the MAV rider) with a payment of $20,000.

• On the first contract anniversary the contract value grows to $24,000.

• During the second contract year the contract value falls to $22,000, at which point you take a $1,500 partial surrender, leaving a contract value of $20,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **We calculate the death benefit as follows:** | **We calculate the death benefit as follows:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; The maximum anniversary value immediately preceding the date of death plus any payments made since <br> that anniversary minus adjusted partial surrenders: | &nbsp;&nbsp;&nbsp;&nbsp; The maximum anniversary value immediately preceding the date of death plus any payments made since <br> that anniversary minus adjusted partial surrenders: |  |
| Greatest of your contract anniversary contract values: | Greatest of your contract anniversary contract values: | $24000 |
| plus purchase payments made since that anniversary: | plus purchase payments made since that anniversary: | +0 |
| minus adjusted partial surrenders, calculated as: | minus adjusted partial surrenders, calculated as: |  |
| $1,500 × $24,000 | = | 1636 |
| $22000 | = |  |
| for a death benefit of: | for a death benefit of: | $22364 |

---

**Example — 5-Year MAV Death Benefit** 

• You purchase the contract (with the 5-Year MAV rider) with a payment of $20,000.

• On the fifth contract anniversary the contract value grows to $30,000.

• During the sixth contract year the contract value falls to $25,000, at which point you take a $1,500 partial surrender, leaving a contract value of $23,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **We calculate the death benefit as follows:** | **We calculate the death benefit as follows:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **The maximum 5-year anniversary value immediately preceding the date of death plus any payments** <br> **made since that anniversary minus adjusted partial surrenders:** | &nbsp;&nbsp;&nbsp;&nbsp; **The maximum 5-year anniversary value immediately preceding the date of death plus any payments** <br> **made since that anniversary minus adjusted partial surrenders:** |  |
| Greatest of your 5-year contract anniversary contract values: | Greatest of your 5-year contract anniversary contract values: |  |
| plus purchase payments made since that anniversary: | plus purchase payments made since that anniversary: | +0 |
| adjusted partial surrenders, calculated as: | adjusted partial surrenders, calculated as: |  |
| $1,500 × $30,000 | = | 1800 |
| $25000 | = |  |

---

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 113

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---

| | |
|:---|:---|
| for a death benefit of: | $28200 |

---

**Example — EEB Death Benefit** 

• You purchase the contract with a payment of $100,000 and you are under age 70. You select the seven-year surrender charge schedule, the MAV and the EEB.

• During the first contract year the contract value grows to $105,000. The death benefit equals the standard death benefit, which is the contract value less purchase payment credits reversed, or $104,000. You have not reached the first contract anniversary so the EEB does not provide any additional benefit at this time.

• On the first contract anniversary the contract value grows to $110,000. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $110000 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEB which equals 40% of earnings at death (MAV death benefit amount minus payments not <br> previously surrendered):<br>|  |
| 0.40 × ($110,000 – $100,000) = | +4,000 |
| Total death benefit of: | $114000 |

---

• On the second contract anniversary the contract value falls to $105,000. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (maximum anniversary value): | $110000 |
| plus the EEB (40% of earnings at death): | +4,000 |
| 0.40 × ($110,000 – $100,000) = |  |
| Total death benefit of: | $114000 |

---

• During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value. Altogether, we will surrender $50,000 and pay you $47,235. We calculate purchase payments not previously surrendered as $100,000 — $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): | MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): | MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |  |
| $110000 – | ($50,000 x $110,000) | = | $57619 |
| $110000 – | $105000 | = |  |
| plus the EEB (40% of earnings at death): | plus the EEB (40% of earnings at death): | plus the EEB (40% of earnings at death): |  |
| 0.40 × ($57,619 – $55,000) = | 0.40 × ($57,619 – $55,000) = | 0.40 × ($57,619 – $55,000) = | +1,048 |
| Total death benefit of: | Total death benefit of: | Total death benefit of: | $58667 |

---

• On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $58,667. The reduction in contract value has no effect.

• On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of purchase payments not previously surrendered that are one or more years old. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $200000 |
| plus the EEB (40% of earnings at death) 0.40 × 2.50 × ($55000) = | +55,000 |
| Total death benefit of: | $255000 |

---

• During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,500. The new purchase payment is less than one year old and so it has no effect on the EEB. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value less purchase payment credits reversed): | $250000 |
| plus the EEB (40% of earnings at death) 0.40 × 2.50 × ($55000) = | +55,000 |
| Total death benefit of: | $305000 |

---

• During the eleventh contract year the contract value remains $250,500 and the "new" purchase payment is now one year old. The value of the EEB changes. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $250500 |

---

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114 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEB which equals 40% of earnings at death (the standard death benefit amount minus payments <br> not previously surrendered):<br>|  |
| 0.40 × ($250,500 – $105,000) = | +58,200 |
| Total death benefit of: | $308700 |

---

**Example — EEP Death Benefit** 

• You purchase the contract with an exchange purchase payment of $100,000 and you are under age 70. You select the seven-year surrender charge schedule, the MAV and the EEP.

• During the first contract year the contract value grows to $105,000. The death benefit on equals the standard death benefit amount, which is the contract value less purchase payment credits reversed, or $104,000. You have not reached the first contract anniversary so neither the EEP Part I nor Part II provides any additional benefit at this time.

• On the first contract anniversary the contract value grows to $110,000. You have not reached the second contract anniversary so the EEP Part II does not provide any additional benefit at this time. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $110000 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEP Part I which equals 40% of earnings at death (the MAV death benefit amount minus<br> purchase payments not previously surrendered):<br>|  |
| 0.40 × ($110,000 – $100,000) = | +4,000 |
| Total death benefit of: | $114000 |

---

• On the second contract anniversary the contract value falls to $105,000. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (maximum anniversary value): | $110000 |
| plus the EEP Part I (40% of earnings at death): |  |
| 0.40 × ($110,000 – $100,000) = | +4,000 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEP Part II which in the third contract year equals 10% of exchange purchase payments<br> identified at issue and not previously surrendered:<br>|  |
| 0.10 × $100,000 = | +10,000 |
| Total death benefit of: | $124000 |

---

• During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value.

• Altogether, we will surrender $50,000 and pay you $47,235. We calculate purchase payments not previously surrendered as $100,000 — $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): | MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): | MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |  |
| $110000 – | ($50,000 × $110,000) | = | $57619 |
| $110000 – | $105000 | = | $57619 |
| plus the EEP Part I (40% of earnings at death): | plus the EEP Part I (40% of earnings at death): | plus the EEP Part I (40% of earnings at death): |  |
| 0.40 × ($57,619 – $55,000) = | 0.40 × ($57,619 – $55,000) = | 0.40 × ($57,619 – $55,000) = | +1,048 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEP Part II which in the third contract year equals 10% of exchange purchase payments<br> identified at issue and not previously surrendered | &nbsp;&nbsp;&nbsp;&nbsp; plus the EEP Part II which in the third contract year equals 10% of exchange purchase payments<br> identified at issue and not previously surrendered | &nbsp;&nbsp;&nbsp;&nbsp; plus the EEP Part II which in the third contract year equals 10% of exchange purchase payments<br> identified at issue and not previously surrendered |  |
| 0.10 × $55,000 = | 0.10 × $55,000 = | 0.10 × $55,000 = | +5,500 |
| Total death benefit of: | Total death benefit of: | Total death benefit of: | $64167 |

---

• On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $64,167. The reduction in contract value has no effect.

• On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of purchase payments not previously surrendered that are one or more years old. Because we are beyond the fourth contract anniversary the EEP also reaches its maximum of 20%. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $200000 |
| plus the EEP Part I (40% of earnings at death) |  |
| .40 × (2.50 × $55,000) = | +55,000 |

---

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 115

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---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEP Part II which after the fourth contract year equals 20% of exchange purchase payments<br> identified at issue and not previously surrendered:<br>|  |
| 0.20 × $55,000 = | +11,000 |
| Total death benefit of: | $266000 |

---

• During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,500. The new purchase payment is less than one year old and so it has no effect on either the EEP Part I or EEP Part II. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value less purchase payment credits reversed): | $250000 |
| plus the EEP Part I (40% of earnings at death) |  |
| .40 × (2.50 × $55,000) = | +55,000 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments<br> identified at issue and not previously surrendered:<br>|  |
| 0.20 × $55,000 = | +11,000 |
| Total death benefit of: | $316000 |

---

• During the eleventh contract year the contract value remains $250,500 and the "new" purchase payment is now one year old. The value of the EEP Part I changes but the value of the EEP Part II remains constant. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $250500 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEP Part I which equals 40% of earnings at death (the MAV death benefit minus payments<br> not previously surrendered):<br>|  |
| 0.40 × ($250,500 – $105,000) = | +58,200 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments<br> identified at issue and not previously surrendered:<br>|  |
| 0.20 × $55,000 = | +11,000 |
| Total death benefit of: | $319700 |

---

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116 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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Appendix D: Example – Optional Living Benefits

**The purpose of this appendix is to illustrate the operation of various optional living benefit riders.** 

**In order to demonstrate these contract riders, an example may show hypothetical contract values. These contract values do not represent past or future performance. Actual contract values may be more or less than those shown and will depend on a number of factors, including but not limited to the investment experience of the subaccounts, Special DCA fixed account, regular fixed account and the fees and charges that apply to your contract.** 

**These examples are intended to show how the optional riders operate, and do not take into account whether a particular optional rider is part of a qualified annuity. Qualified annuities are subject to RMDs at certain ages (see "Taxes – Qualified Annuities – Required Minimum Distributions") which may require you to take partial surrenders from the contract. If you are considering the addition of certain optional riders to a qualified annuity, you should consult your tax advisor prior to making a purchase for an explanation of the potential tax implication to you.**

**Example — Accumulation Benefit** 

The following example shows how the Accumulation Benefit rider works based on hypothetical values. It is not intended to depict investment performance of the contract.

**The example assumes:** 

• You purchase the contract (with the Accumulation Benefit rider) with a payment of $100,000. No purchase payment credit applies.

• You make no additional purchase payments.

• You do not exercise the elective step-up option

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **End of**<br> **Contract Year**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Partial Surrender**<br> **(beginning of year)**<br>| &nbsp;&nbsp;&nbsp; **MCAV Adjustment** <br> **for Partial Surrender**<br>| **MCAV** | &nbsp;&nbsp;&nbsp; **Accumulation**<br> **Benefit Amount**<br>| &nbsp;&nbsp;&nbsp; **Hypothetical Assumed**<br> **Contract Value**<br>|
| 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 112000 |
| 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 102400 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 128000 |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 108000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 135000 |
| 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 108000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 125000 |
| 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 108000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 110000 |
| 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1964 | &nbsp;&nbsp;&nbsp;&nbsp; 106036 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 122000 |
| 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 112000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 140000 |
| 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 112000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 121000 |
| 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 4628 | &nbsp;&nbsp;&nbsp;&nbsp; 107372 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 98000 |
| 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 107372 | &nbsp;&nbsp;&nbsp;&nbsp; 22372 | &nbsp;&nbsp;&nbsp;&nbsp; 85000 |

---

**Example — SecureSource Flex Riders** 

**EXAMPLE #1: Lifetime benefit not established at the time the contract and rider are purchased.** 

**Assumptions:** 

• You purchase the contract with a payment of $100,000 and make no additional payments to the contract.

• You are the sole owner. You are age 61. For the joint benefit, you and your spouse are age 63.

• Annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or the contract value times the ALP Percentage is greater than the ALP. Applied annual step-ups are indicated in **bold**.

• You elect the Moderate PN program investment option at issue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract** <br> **Duration**<br> **in Years** | **Purchase**<br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **WAB** | **BDP** | **Basic Benefit** | **Basic Benefit** | **Basic Benefit** | **Basic Benefit** | **Lifetime Benefit** | **Lifetime Benefit** |
| **Contract** <br> **Duration**<br> **in Years** | **Purchase**<br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **WAB** | **BDP** | **GBA** | **RBA** | **GBP** | **RBP** | **ALP** | **RALP** |
| At Issue | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; NA | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $6000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; NA | &nbsp;&nbsp;&nbsp; NA |
| 1 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 98000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 2.0% | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 6000 | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; NA | &nbsp;&nbsp;&nbsp; NA |
| 2 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; **105000** | &nbsp;&nbsp; **105000** | &nbsp;&nbsp; **6300** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; NA | &nbsp;&nbsp;&nbsp; NA |
| 3 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; **125000** | &nbsp;&nbsp; **125000** | &nbsp;&nbsp; **7500** | &nbsp;&nbsp; **7500** | &nbsp;&nbsp;&nbsp; NA | &nbsp;&nbsp;&nbsp; NA |
| 3.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 6000 | &nbsp;&nbsp; 111000 | &nbsp;&nbsp; 118590 | &nbsp;&nbsp; 6.4% | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 119000 | &nbsp;&nbsp; 7500 | &nbsp;&nbsp; 1500 | &nbsp;&nbsp;&nbsp; NA | &nbsp;&nbsp;&nbsp; NA |
| 4 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 104000 | &nbsp;&nbsp; 118590 | &nbsp;&nbsp; 12.3% | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 119000 | &nbsp;&nbsp; 7500 | &nbsp;&nbsp; 7500 | &nbsp;&nbsp;&nbsp; 7140 <br><sup>(1)</sup><br>| &nbsp;&nbsp;&nbsp; 7140 <br><sup>(1)</sup><br>|
| 5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 118590 | &nbsp;&nbsp; 24.1% | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 119000 | &nbsp;&nbsp; 6250 <br><sup>(2)</sup><br>| &nbsp;&nbsp; 6250 <br><sup>(2)</sup><br>| &nbsp;&nbsp;&nbsp; 5950 <br><sup>(2)</sup><br>| &nbsp;&nbsp;&nbsp; 5950 <br><sup>(2)</sup><br>|
| 6 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 118590 | &nbsp;&nbsp; 19.9% | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 119000 | &nbsp;&nbsp; 7500 | &nbsp;&nbsp; 7500 | &nbsp;&nbsp;&nbsp; 7140 | &nbsp;&nbsp;&nbsp; 7140 |

---

------

RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 117

------

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract** <br> **Duration**<br> **in Years** | **Purchase**<br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **WAB** | **BDP** | **Basic Benefit** | **Basic Benefit** | **Basic Benefit** | **Basic Benefit** | **Lifetime Benefit** | **Lifetime Benefit** |
| **Contract** <br> **Duration**<br> **in Years** | **Purchase**<br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **WAB** | **BDP** | **GBA** | **RBA** | **GBP** | **RBP** | **ALP** | **RALP** |
| 6.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 7500 | &nbsp;&nbsp; 87500 | &nbsp;&nbsp; 87500 <br><sup>(3)</sup><br>| &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 111500 | &nbsp;&nbsp; 7500 | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 5250 <br><sup>(3)</sup><br>| &nbsp;&nbsp;&nbsp; 0 |
| 7 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 111500 | &nbsp;&nbsp; 7500 | &nbsp;&nbsp; 7500 | &nbsp;&nbsp; **5400** | &nbsp;&nbsp; **5400** |
| 7.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 70000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; 70000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 70000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 4200 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 4200 <br><sup>(4)</sup><br>| &nbsp;&nbsp;&nbsp; 0 |
| 8 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; **75000** | &nbsp;&nbsp; **75000** | &nbsp;&nbsp; **4500** | &nbsp;&nbsp; **4500** | &nbsp;&nbsp; **4500** | &nbsp;&nbsp; **4500** |

---

<sup>(1)</sup>

The ALP and RALP are established on the contract anniversary following the date the covered person (younger covered spouse for Joint) reaches age 67 as the RBA times the ALP percentage.

<sup>(2)</sup>

The ALP percentage and GBP Percentage are 6% when the BDP is less than 20% and 5% when the BDP is greater than or equal to 20%.

<sup>(3)</sup>

The $7,500 withdrawal is greater than the $7,140 RALP allowed under the lifetime benefit and therefore excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or the ALP percentage times the contract value following the withdrawal. The WAB is reset to the ALP after the reset divided by the current ALP percentage. The BDP at the time of withdrawal is less than 20%, so the ALP percentage and GBP percentage are set at 6% for the remainder of the contract year.

<sup>(4)</sup>

The $10,000 withdrawal is greater than both the $7,500 RBP allowed under the basic benefit and the $5,400 RALP allowed under the lifetime benefit and therefore excess withdrawal processing is applied to both benefits. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or the ALP percentage times the contract value following the withdrawal. The WAB is reset to the ALP after the reset divided by the current ALP percentage. The BDP at the time of withdrawal is less than 20%, so the ALP percentage and GBP percentage are set at 6% for the remainder of the contract year.

**EXAMPLE #2: Lifetime benefit established at the time the contract and rider are purchased.** 

**Assumptions:** 

• You purchase the contract with a payment of $100,000 and make no additional payments to the contract.

• You are the sole owner. You (and your spouse for the joint benefit) are age 67.

• Annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or the contract value times the ALP percentage is greater than the ALP. Applied annual step-ups are indicated in bold.

• You elect the Moderate PN program investment option at issue. On the 7th contract anniversary, you elect to change to the Moderately Aggressive PN program investment option. The target PN program investment option under the contract is the Moderate PN program investment option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract** <br> **Duration**<br> **in Years** | **Purchase**<br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical**<br> **Assumed**<br> **Contract Value** | **WAB** | **BDP** | **Basic Benefit** | **Basic Benefit** | **Basic Benefit** | **Basic Benefit** | **Lifetime Benefit** | **Lifetime Benefit** |
| **Contract** <br> **Duration**<br> **in Years** | **Purchase**<br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical**<br> **Assumed**<br> **Contract Value** | **WAB** | **BDP** | **GBA** | **RBA** | **GBP** | **RBP** | **ALP** | **RALP** |
| At Issue | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; NA | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $6000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $6000 | &nbsp;&nbsp;&nbsp; $0 |
| 1 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; **105000** | &nbsp;&nbsp; **105000** | &nbsp;&nbsp; **6300** | &nbsp;&nbsp; 0 | &nbsp;&nbsp; **6300** | &nbsp;&nbsp;&nbsp; 0 |
| 2 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; **110000** | &nbsp;&nbsp; **110000** | &nbsp;&nbsp; **6600** | &nbsp;&nbsp; 0 | &nbsp;&nbsp; **6600** | &nbsp;&nbsp;&nbsp; 0 |
| 3 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 4.5% | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 6600 <br><sup>(1)</sup><br>| &nbsp;&nbsp;&nbsp; 6600 | &nbsp;&nbsp;&nbsp; 6600 <br><sup>(1)</sup><br>|
| 3.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 6000 | &nbsp;&nbsp; 99000 | &nbsp;&nbsp; 103714 | &nbsp;&nbsp; 4.5% | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 104000 | &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 600 | &nbsp;&nbsp;&nbsp; 6600 | &nbsp;&nbsp;&nbsp; 600 |
| 4 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 103714 | &nbsp;&nbsp; 8.4% | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 104000 | &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 6600 | &nbsp;&nbsp;&nbsp; 6600 | &nbsp;&nbsp;&nbsp; 6600 |
| 5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 103714 | &nbsp;&nbsp; 27.7% | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 104000 | &nbsp;&nbsp; 5500 <br><sup>(2)</sup><br>| &nbsp;&nbsp; 5500 <br><sup>(2)</sup><br>| &nbsp;&nbsp;&nbsp; 5500 <br><sup>(2)</sup><br>| &nbsp;&nbsp;&nbsp; 5500 <br><sup>(2)</sup><br>|
| 5.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 70000 <br><sup>(3)</sup><br>| &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 3500 <br><sup>(3)</sup><br>| &nbsp;&nbsp; 3500 <br><sup>(3)</sup><br>| &nbsp;&nbsp;&nbsp; 3500 <br><sup>(3)</sup><br>| &nbsp;&nbsp;&nbsp; 3500 <br><sup>(3)</sup><br>|
| 6 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; **75000** | &nbsp;&nbsp; **75000** | &nbsp;&nbsp; **4500** | &nbsp;&nbsp; **4500** | &nbsp;&nbsp; **4500** | &nbsp;&nbsp; **4500** |
| 7 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 70000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; 70000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 70000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 4200 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 4200 <br><sup>(4)</sup><br>| &nbsp;&nbsp;&nbsp; 4200 <br><sup>(4)</sup><br>| &nbsp;&nbsp;&nbsp; 4200 <br><sup>(4)</sup><br>|

---

<sup>(1)</sup>

At the end of the 3-Year waiting period, the RBP and RALP are set equal to the GBP and ALP, respectively.

<sup>(2)</sup>

The ALP percentage and GBP percentage are 6% when the BDP is less than 20% and 5% when the BDP is greater than or equal to 20%.

<sup>(3)</sup>

The $10,000 withdrawal is greater than both the $5,500 RBP and RALP allowed under the basic benefit and lifetime benefit, therefore excess withdrawal processing is applied to both benefits. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or the ALP percentage times the contract value following the withdrawal. The WAB is reset to the ALP after the reset divided by the current ALP Percentage. The BDP at the time of withdrawal is greater than or equal to 20%, so the ALP percentage and GBP percentage are set at 5% for the remainder of the contract year.

<sup>(4)</sup>

Allocation to the Moderately Aggressive PN program investment option during a withdrawal phase will reset the benefit. The GBA is reset to the lesser of the prior GBA or the contract value. The RBA is reset to the lesser of the prior RBA or the contract value. The ALP is reset to the lesser of the prior ALP or the ALP Percentage times the contract value. Any future withdrawals will reallocate your contract value to the Moderate PN program investment option if you are invested more aggressively than the Moderate PN program investment option. The WAB is reset to the ALP after the reset divided by the current ALP percentage.

------

118 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

------

**Example — SecureSource Riders** 

**EXAMPLE #1: Single Life Benefit: Covered Person has not reached age 65 at the time the contract and rider are purchased.** 

**Assumptions:** 

• You purchase the contract with a payment of $100,000 and make no additional payments to the contract.

• You are the sole owner and also the annuitant. You are age 60.

• Automatic annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or 6% of the contract value is greater than the ALP. Applied annual step-ups are indicated in bold.

• You elect the Moderate PN program investment option at issue. On the 1st contract anniversary, you elect to change to the Moderately Aggressive investment option. The target PN program investment option under the contract is the Moderate investment option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract Duration**<br> **in Years** | **Purchase**<br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Lifetime Withdrawal Benefit** | **Lifetime Withdrawal Benefit** |
| **Contract Duration**<br> **in Years** | **Purchase**<br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **GBA** | **RBA** | **GBP** | **RBP** | **ALP** | **RALP** |
| At Issue | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $N/A | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $7000 | &nbsp;&nbsp; $7000 | &nbsp;&nbsp; $N/A | &nbsp;&nbsp; $N/A |
| 0.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 5000 | &nbsp;&nbsp; 92000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 2000 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A |
| 1 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 90000 <br><sup>(1)</sup><br>| &nbsp;&nbsp; 90000 <br><sup>(1)</sup><br>| &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A |
| 2 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 81000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A |
| 5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 5400 <br><sup>(2)</sup><br>| &nbsp;&nbsp; 5400 <br><sup>(2)</sup><br>|
| 5.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 5400 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 84600 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 900 | &nbsp;&nbsp; 5400 | &nbsp;&nbsp; 0 |
| 6 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 69000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 84600 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 5400 | &nbsp;&nbsp; 5400 |
| 6.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 62000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 78300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 3720 <br><sup>(3)</sup><br>| &nbsp;&nbsp; 0 |
| 7 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 64000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 78300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; **3840** | &nbsp;&nbsp; **3840** |
| 7.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 51000 | &nbsp;&nbsp; 51000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 51000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 3570 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 3060 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 0 |
| 8 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; **55000** | &nbsp;&nbsp; **55000** | &nbsp;&nbsp; **3850** | &nbsp;&nbsp; **3850** | &nbsp;&nbsp; **3300** | &nbsp;&nbsp; **3300** |

---

At this point, assuming no additional activity (step ups, excess withdrawals, purchase payments, spousal continuation, contract ownership change, or PN program investment option changes), you can continue to withdraw up to either the GBP of $3,850 each year until the RBA is reduced to zero, or the ALP of $3,300 each year until the later of your death or the RBA is reduced to zero.

<sup>(1)</sup>

Allocation to the Moderately Aggressive investment option during a withdrawal phase will reset the benefit. The GBA is reset to the lesser of the prior GBA or the contract value. The RBA is reset to the lesser of the prior RBA or the contract value. The ALP (if established) is reset to the lesser of the prior ALP or 6% of the contract value. Any future withdrawals will reallocate your contract value to the Moderate investment option if you are invested more aggressively than the Moderate investment option.

<sup>(2)</sup>

The ALP and RALP are established on the contract anniversary date following the date the covered person reaches age 65 as 6% of the RBA.

<sup>(3)</sup>

The $6,300 withdrawal is greater than the $5,400 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or 6% of the contract value following the withdrawal.

<sup>(4)</sup>

The $10,000 withdrawal is greater than both the $6,300 RBP allowed under the basic withdrawal benefit and the $3,840 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the GBA, RBA, and ALP. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or 6% of the contract value following the withdrawal.

**EXAMPLE #2: Single Life Benefit: Covered Person has reached 65 at the time the contract and rider are purchased.** 

**Assumptions:** 

• You purchase the contract with a payment of $100,000 and make no additional payments to the contract.

• You are the sole owner and also the annuitant. You are age 65.

• Automatic annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or 6% of the contract value is greater than the ALP. Applied annual step-ups are indicated in bold.

• Your death occurs after 6½ contract years and your spouse continues the contract and rider. Your spouse is over age 65 and is the new covered person.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract Duration**<br> **in Years** | **Purchase** <br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Lifetime Withdrawal Benefit** | **Lifetime Withdrawal Benefit** |
| **Contract Duration**<br> **in Years** | **Purchase** <br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **GBA** | **RBA** | **GBP** | **RBP** | **ALP** | **RALP** |
| At Issue | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $N/A | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $7000 | &nbsp;&nbsp; $7000 | &nbsp;&nbsp; $6000 | &nbsp;&nbsp; $6000 |
| 1 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; **105000** | &nbsp;&nbsp; **105000** | &nbsp;&nbsp; **7350** | &nbsp;&nbsp; 7000 <br><sup>(1)</sup><br>| &nbsp;&nbsp; **6300** | &nbsp;&nbsp; 6000 <br><sup>(1)</sup><br>|
| 2 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; **110000** | &nbsp;&nbsp; **110000** | &nbsp;&nbsp; **7700** | &nbsp;&nbsp; 7000 <br><sup>(1)</sup><br>| &nbsp;&nbsp; **6600** | &nbsp;&nbsp; 6000 <br><sup>(1)</sup><br>|
| 3 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 7700 | &nbsp;&nbsp; 7700 <br><sup>(2)</sup><br>| &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 6600 <br><sup>(2)</sup><br>|

---

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 119

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---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract Duration**<br> **in Years** | **Purchase** <br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Lifetime Withdrawal Benefit** | **Lifetime Withdrawal Benefit** |
| **Contract Duration**<br> **in Years** | **Purchase** <br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **GBA** | **RBA** | **GBP** | **RBP** | **ALP** | **RALP** |
| 3.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 103400 | &nbsp;&nbsp; 7700 | &nbsp;&nbsp; 1100 | &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 0 |
| 4 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; **115000** | &nbsp;&nbsp; **115000** | &nbsp;&nbsp; **8050** | &nbsp;&nbsp; **8050** | &nbsp;&nbsp; **6900** | &nbsp;&nbsp; **6900** |
| 4.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 8050 | &nbsp;&nbsp; 116000 | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 106950 | &nbsp;&nbsp; 8050 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 6900 <br><sup>(3)</sup><br>| &nbsp;&nbsp; 0 |
| 5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; **120000** | &nbsp;&nbsp; **120000** | &nbsp;&nbsp; **8400** | &nbsp;&nbsp; **8400** | &nbsp;&nbsp; **7200** | &nbsp;&nbsp; **7200** |
| 5.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 122000 | &nbsp;&nbsp; 120000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 110000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 8400 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 7200 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 0 |
| 6 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; **125000** | &nbsp;&nbsp; **125000** | &nbsp;&nbsp; **8750** | &nbsp;&nbsp; **8750** | &nbsp;&nbsp; **7500** | &nbsp;&nbsp; **7500** |
| 6.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 8750 | &nbsp;&nbsp; 8750 | &nbsp;&nbsp; 6600 <br><sup>(5)</sup><br>| &nbsp;&nbsp; 6600 <br><sup>(5)</sup><br>|
| 7 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 8750 | &nbsp;&nbsp; 8750 | &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 6600 |

---

At this point, assuming no additional activity (step-ups, excess withdrawals, purchase payments, contract ownership change, or PN program investment option changes), your spouse can continue to withdraw up to either the GBP of $8,750 each year until the RBA is reduced to zero, or the ALP of $6,600 each year until the later of your spouse's death or the RBA is reduced to zero.

<sup>(1)</sup>

The Annual Step-up has not been applied to the RBP or RALP because any withdrawal after step up during the waiting period would reverse any prior step- ups prior to determining if the withdrawal is excess. Therefore, during the waiting period, the RBP is the amount you can withdraw without incurring the GBA and RBA excess withdrawal processing, and the RALP is the amount you can withdraw without incurring the ALP excess withdrawal processing.

<sup>(2)</sup>

On the third anniversary (after the end of the waiting period), the RBP and RALP are set equal to the GBP and ALP, respectively.

<sup>(3)</sup>

The $8,050 withdrawal is greater than the $6,900 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or 6% of the contract value following the withdrawal.

<sup>(4)</sup>

The $10,000 withdrawal is greater than both the $8,400 RBP allowed under the basic withdrawal benefit and the $7,200 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the GBA, RBA, and ALP. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or 6% of the contract value following the withdrawal.

<sup>(5)</sup>

At spousal continuation, the ALP is reset to the lesser of the prior ALP or 6% of the contract value and the RALP is reset to the ALP.

**EXAMPLE #3: Joint Life Benefit: Younger Covered Spouse has not reached 65 at the time the contract and rider are purchased.** 

**Assumptions:** 

• You purchase the contract with a payment of $100,000 and make no additional payments to the contract.

• You are age 59 and your spouse is age 60.

• Automatic annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or 6% of the contract value is greater than the ALP. Applied annual step-ups are indicated in bold.

• You elect the Moderate PN program investment option at issue. On the 1st contract anniversary, you elect to change to the Moderately Aggressive investment option. The target investment option under the contract is the Moderate investment option.

• Your death occurs after 9½ contract years and your spouse continues the contract and rider; the lifetime benefit is not reset.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract**<br> **Duration** <br> **in Years** | **Purchase** <br> **Payments** | **Partial** <br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Lifetime Withdrawal Benefit** | **Lifetime Withdrawal Benefit** |
| **Contract**<br> **Duration** <br> **in Years** | **Purchase** <br> **Payments** | **Partial** <br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **GBA** | **RBA** | **GBP** | **RBP** | **ALP** | **RALP** |
| At Issue | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $N/A | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $7000 | &nbsp;&nbsp; $7000 | &nbsp;&nbsp; $N/A | &nbsp;&nbsp; $N/A |
| 0.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 5000 | &nbsp;&nbsp; 92000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 2000 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A |
| 1 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 90000 <br><sup>(1)</sup><br>| &nbsp;&nbsp; 90000 <br><sup>(1)</sup><br>| &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A |
| 2 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 81000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A |
| 6 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 5400 <br><sup>(2)</sup><br>| &nbsp;&nbsp; 5400 <br><sup>(2)</sup><br>|
| 6.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 5400 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 84600 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 900 | &nbsp;&nbsp; 5400 | &nbsp;&nbsp; 0 |
| 7 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 69000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 84600 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 5400 | &nbsp;&nbsp; 5400 |
| 7.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 62000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 78300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 3720 <br><sup>(3)</sup><br>| &nbsp;&nbsp; 0 |
| 8 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 64000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 78300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; 6300 | &nbsp;&nbsp; **3840** | &nbsp;&nbsp; **3840** |
| 8.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 51000 | &nbsp;&nbsp; 51000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 51000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 3570 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 3060 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 0 |
| 9 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; **55000** | &nbsp;&nbsp; **55000** | &nbsp;&nbsp; **3850** | &nbsp;&nbsp; **3850** | &nbsp;&nbsp; **3300** | &nbsp;&nbsp; **3300** |
| 9.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 54000 | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 3850 | &nbsp;&nbsp; 3850 | &nbsp;&nbsp; 3300 | &nbsp;&nbsp; 3300 |
| 10 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 52000 | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 3850 | &nbsp;&nbsp; 3850 | &nbsp;&nbsp; 3300 | &nbsp;&nbsp; 3300 |

---

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120 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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At this point, assuming no additional activity (step ups, excess withdrawals, purchase payments, or PN program investment option changes), your spouse can continue to withdraw up to either the GBP of $3,850 each year until the RBA is reduced to zero, or the ALP of $3,300 each year until the later of your spouse's death or the RBA is reduced to zero.

<sup>(1)</sup>

The ALP and RALP are established on the contract anniversary date following the date the younger covered spouse reaches age 65 as 6% of the RBA.

<sup>(2)</sup>

Allocation to the Moderately Aggressive investment option during a withdrawal phase will reset the benefit. The GBA is reset to the lesser of the prior GBA or the contract value. The RBA is reset to the lesser of the prior RBA or the contract value. The ALP is reset to the lesser of the prior ALP or 6% of the contract value. Any future withdrawals will reallocate your contract value to the Moderate investment option if you are invested more aggressively than the Moderate investment option.

<sup>(3)</sup>

The $6,300 withdrawal is greater than the $5,400 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or 6% of the contract value following the withdrawal.

<sup>(4)</sup>

The $10,000 withdrawal is greater than both the $6,300 RBP allowed under the basic withdrawal benefit and the $3,840 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the GBA, RBA, and ALP. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or 6% of the contract value following the withdrawal.

**EXAMPLE #4: Joint Life Benefit: Younger Covered Spouse has reached 65 at the time the contract and rider are purchased.** 

**Assumptions:** 

• You purchase the contract with a payment of $100,000 and make no additional payments to the contract.

• You are age 71 and your spouse is age 70.

• Automatic annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or 6% of the contract value is greater than the ALP. Applied annual step-ups are indicated in bold.

• Your death occurs after 6½ contract years and your spouse continues the contract and rider; the lifetime benefit is not reset.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract Duration** <br> **in Years** | **Purchase** <br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Lifetime Withdrawal Benefit** | **Lifetime Withdrawal Benefit** |
| **Contract Duration** <br> **in Years** | **Purchase** <br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **GBA** | **RBA** | **GBP** | **RBP** | **ALP** | **RALP** |
| At Issue | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $N/A | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $7000 | &nbsp;&nbsp; $7000 | &nbsp;&nbsp; $6000 | &nbsp;&nbsp; $6000 |
| 1 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; **105000** | &nbsp;&nbsp; **105000** | &nbsp;&nbsp; **7350** | &nbsp;&nbsp; 7000 <br><sup>(1)</sup><br>| &nbsp;&nbsp; **6300** | &nbsp;&nbsp; 6000 <br><sup>(1)</sup><br>|
| 2 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; **110000** | &nbsp;&nbsp; **110000** | &nbsp;&nbsp; **7700** | &nbsp;&nbsp; 7000 <br><sup>(1)</sup><br>| &nbsp;&nbsp; **6600** | &nbsp;&nbsp; 6000 <br><sup>(1)</sup><br>|
| 3 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 7700 | &nbsp;&nbsp; 7700 <br><sup>(2)</sup><br>| &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 6600 <br><sup>(2)</sup><br>|
| 3.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 103400 | &nbsp;&nbsp; 7700 | &nbsp;&nbsp; 1100 | &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 0 |
| 4 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; **115000** | &nbsp;&nbsp; **115000** | &nbsp;&nbsp; **8050** | &nbsp;&nbsp; **8050** | &nbsp;&nbsp; **6900** | &nbsp;&nbsp; **6900** |
| 4.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 8050 | &nbsp;&nbsp; 116000 | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 106950 | &nbsp;&nbsp; 8050 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 6900 <br><sup>(3)</sup><br>| &nbsp;&nbsp; 0 |
| 5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; **120000** | &nbsp;&nbsp; **120000** | &nbsp;&nbsp; **8400** | &nbsp;&nbsp; **8400** | &nbsp;&nbsp; **7200** | &nbsp;&nbsp; **7200** |
| 5.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 122000 | &nbsp;&nbsp; 120000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 110000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 8400 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 7200 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 0 |
| 6 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; **125000** | &nbsp;&nbsp; **125000** | &nbsp;&nbsp; **8750** | &nbsp;&nbsp; **8750** | &nbsp;&nbsp; **7500** | &nbsp;&nbsp; **7500** |
| 6.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 8750 | &nbsp;&nbsp; 8750 | &nbsp;&nbsp; 7500 | &nbsp;&nbsp; 7500 |
| 7 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 8750 | &nbsp;&nbsp; 8750 | &nbsp;&nbsp; 7500 | &nbsp;&nbsp; 7500 |

---

At this point, assuming no additional activity (step ups, excess withdrawals, purchase payments, or PN program investment option changes), your spouse can continue to withdraw up to either the GBP of $8,750 each year until the RBA is reduced to zero, or the ALP of $7,500 each year until the later of your spouse's death or the RBA is reduced to zero

<sup>(1)</sup>

The annual step-up has not been applied to the RBP or RALP because any withdrawal after step up during the waiting period would reverse any prior step ups prior to determining if the withdrawal is excess. Therefore, during the waiting period, the RBP is the amount you can withdraw without incurring the GBA and RBA excess withdrawal processing, and the RALP is the amount you can withdraw without incurring the ALP excess withdrawal processing.

<sup>(2)</sup>

On the third anniversary (after the end of the waiting period), the RBP and RALP are set equal to the GBP and ALP, respectively.

<sup>(3)</sup>

The $8,050 withdrawal is greater than the $6,900 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or 6% of the contract value following the withdrawal.

<sup>(4)</sup>

The $10,000 withdrawal is greater than both the $8,400 RBP allowed under the basic withdrawal benefit and the $7,200 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the GBA, RBA, and ALP. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or 6% of the contract value following the withdrawal.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 121

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Appendix E: Additional Required Minimum Distribution (RMD) Disclosure

This appendix describes our current administrative practice for determining the amount of withdrawals in any contract year which an owner may take under the *SecureSource* rider or GWB for Life rider to satisfy the RMD rules under 401(a)(9) of the Code without application of the excess withdrawal processing described in the rider. We reserve the right to modify this administrative practice at any time upon 30 days' written notice to you.

For *SecureSource* Flex riders, owners subject to annual RMD rules under the Section 401(a)(9) of the Code, withdrawing from this contract during the waiting period to satisfy these rules will set your benefits to zero. Amounts you withdraw from this contract (for *SecureSource* Flex riders, amounts you withdraw from this contract after the waiting period) to satisfy these rules are not subject to excess withdrawal processing under the terms of the rider, subject to the following rules and our current administrative practice:

(1) If on the date we calculated your Annual Life Expectancy Required Minimum Distribution Amount (ALERMDA), it is greater than the RBP from the beginning of the current contract year <sup>(1)</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Basic Additional Benefit Amount (BABA) will be set equal to that portion of your ALERMDA that exceeds the value of the RBP from the beginning of the current contract year. <sup>(1)</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any withdrawals taken in a contract year will count first against and reduce the RBP for that contract year. These withdrawals will not be considered excess withdrawals as long as they do not exceed combined RBP and BABA values.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Once the RBP for the current contract year has been depleted, any additional amounts withdrawn will count against and reduce the BABA. These withdrawals will not be considered excess withdrawals with regard to the GBA and RBA as long as they do not exceed the remaining BABA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Once the BABA has been depleted, any additional withdrawal amounts will be considered excess withdrawals with regard to the GBA and RBA and will subject them all to the excess withdrawal processing described by the *SecureSource* rider or GWB for Life rider.

(2) If on the date we calculated your ALERMDA, it is greater than the RALP from the beginning of the current contract year<sup>(1)</sup>,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Lifetime Additional Benefit Amount (LABA) will be set equal to that portion of your ALERMDA that exceeds the value of RALP from the beginning of the current contract year<sup>(1)</sup>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any withdrawals taken in a contract year will count first against and reduce the RALP for that contract year. These withdrawals will not be considered excess withdrawals as long as they do not exceed combined RALP and LABA values.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Once the RALP for the current contract year has been depleted, any additional amounts withdrawn will count against and reduce the LABA. These withdrawals will not be considered excess withdrawals with regard to the ALP as long as they do not exceed the remaining LABA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Once the LABA has been depleted, any additional withdrawal amounts will be considered excess withdrawals with regard to the ALP and will subject the ALP to the excess withdrawal processing described by the *SecureSource* or GWB for Life rider.

(3) If the ALP is established on a contract anniversary where your current ALERMDA is greater than the new RALP,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• An initial LABA will be set equal to that portion of your ALERMDA that exceeds the new RALP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• This new LABA will be immediately reduced by the amount that total withdrawals in the current calendar year exceed the new RALP, but shall not be reduced to less than zero.

<sup>(1)</sup>

For *SecureSource* Flex riders, adjusted for any subsequent changes between 5% and 6% as described under "GBP Percentage and ALP Percentage."

The ALERMDA is:

(1) determined by us each calendar year (for *SecureSource* Flex riders, starting with the one in which the waiting period ends);

(2) based on your initial purchase payment and not the entire interest value in the calendar year of contract issue and therefore may not be sufficient to allow you to withdraw your RMD without causing an excess withdrawal;

(3) based solely on the value of the contract to which the *SecureSource* rider is attached as of the date we make the determination;

(4) based on your recalculated life expectancy taken from the Uniform Lifetime Table under the Code (applicable only to *SecureSource* riders); and

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122 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(5) based on the company's understanding and interpretation of the requirements for life expectancy distributions intended to satisfy the required minimum distribution rules under Code Section 401(a)(9) and the Treasury Regulations promulgated thereunder as applicable on the effective date of this prospectus, to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. IRAs under Section 408(b) of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Roth IRAs under Section 408A of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. SIMPLE IRAs under Section 408(p) of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Custodial and investment only plans under Section 401(a) of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. TSAs under Section 403(b) of the Code.

In the future, the requirements under tax law for such distributions may change and the life expectancy amount calculation provided under your *SecureSource* rider or GWB for Life rider may not be sufficient to satisfy the requirements under the tax law for these types of distributions. In such a situation, amounts withdrawn to satisfy such distribution requirements will exceed your available RBP or RALP amount and may result in the reduction of your GBA, RBA, and/or ALP as described under the excess withdrawal provision of the rider.

In cases where the Code does not allow the life expectancy of a natural person to be used to calculate the required minimum distribution amount (e.g., some ownerships by trusts and charities), we will calculate the life expectancy RMD amount as zero in all years.

Please consult your tax advisor about the impact of these rules prior to purchasing the *SecureSource* rider.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 123

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Appendix F: Guarantor Withdrawal Benefit for Life Rider Disclosure

**Guarantor Withdrawal Benefit For Life (GWB For Life) Rider** 

**The GWB for Life rider is no longer available for sale.** 

The GWB for Life rider is an optional benefit that you may select for an additional annual charge if:

• the rider is available in your state; and

• you are age 80 or younger on the contract issue date; or, if an owner is a nonnatural person, then the annuitant is age 80 or younger on the contract issue date.

The GWB for Life rider is not available under an inherited qualified annuity.

You must have elected the GWB for Life rider when you purchased your contract. The rider effective date will be the contract issue date. It is available for nonqualified annuities and qualified annuities except under 401(a) plans.

The GWB for Life rider guarantees that you will be able to withdraw up to a certain amount each year from the contract, regardless of the investment performance of your contract before the annuity payments begin, until you have recovered at minimum all of your purchase payments plus any purchase payment credits. And, under certain limited circumstances defined in the rider, you have the right to take a specified amount of partial withdrawals in each contract year until death (see "At Death" heading below) – even if the contract value is zero.

Your contract provides for annuity payouts to begin on the settlement date (see "Buying Your Contract – Settlement Date"). Before the settlement date, you have the right to surrender some or all of your contract value, less applicable administrative, surrender and rider charges imposed under the contract at the time of the surrender (see "Surrenders"). Because your contract value will fluctuate depending on the performance of the underlying funds in which the subaccounts invest, the contract itself does not guarantee that you will be able to take a certain surrender amount each year before the annuity payouts begin, nor does it guarantee the length of time over which such surrenders can be made before the annuity payouts begin.

The GWB for Life rider may be appropriate for you if you intend to make periodic withdrawals from your annuity contract and wish to ensure that market performance will not adversely affect your ability to withdraw your principal over time.

Under the terms of the GWB for Life rider, the calculation of the amount which can be withdrawn in each contract year varies depending on several factors, including but not limited to the waiting period (see "Waiting period" heading below) and whether or not the lifetime withdrawal benefit has become effective:

(1) The basic withdrawal benefit gives you the right to take limited partial withdrawals in each contract year and guarantees that over time the withdrawals will total an amount equal to, at minimum, your purchase payments plus any purchase payment credits. Key terms associated with the basic withdrawal benefit are "Guaranteed Benefit Payment (GBP)," "Remaining Benefit Payment (RBP)," "Guaranteed Benefit Amount (GBA)," and "Remaining Benefit Amount (RBA)." See these headings below for more information.

(2) The lifetime withdrawal benefit gives you the right, under certain limited circumstances defined in the rider, to take limited partial withdrawals until the later of death (see "At Death" heading below) or until the RBA (under the basic withdrawal benefit)is reduced to zero. Key terms associated with the lifetime withdrawal benefit are "Annual Lifetime Payment (ALP)," "Remaining Annual Lifetime Payment (RALP)," "Covered Person," and "Annual Lifetime Payment Attained Age (ALPAA)." See these headings below for more information.

Only the basic withdrawal benefit will be in effect prior to the date that the lifetime withdrawal benefit becomes effective. The lifetime withdrawal benefit becomes effective automatically on the rider anniversary date after the covered person reaches age 65 or the rider effective date if the covered person is age 65 or older on the rider effective date (see "Annual Lifetime Payment Attained Age (ALPAA)" heading below).

Provided the annuity payouts have not begun, the GWB for Life rider guarantees that you may take the following partial withdrawal amounts each contract year:

• After the waiting period and before the establishment of the ALP, the rider guarantees that each contract year you can cumulatively withdraw an amount equal to the GBP;

• During the waiting period and before the establishment of the ALP, the rider guarantees that each contract year you can cumulatively withdraw an amount equal to the value of the RBP at the beginning of the contract year;

• After the waiting period and after the establishment of the ALP, the rider guarantees that each contract year you have the option to cumulatively withdraw an amount equal to the ALP or the GBP, but the rider does not guarantee withdrawals of the sum of both the ALP and the GBP in a contract year;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• During the waiting period and after the establishment of the ALP, the rider guarantees that each contract year you have the option to cumulatively withdraw an amount equal to the value of the RALP or the RBP at the beginning of the contract year, but the rider does not guarantee withdrawals of the sum of both the RALP and the RBP in a contract year.

If you withdraw less than the allowed partial withdrawal amount in a contract year, the unused portion cannot be carried over to the next contract year. As long as your partial withdrawals in each contract year do not exceed the annual partial withdrawal amount allowed under the rider, and there has not been a contract ownership change or spousal continuation of the contract, the guaranteed amounts available for partial withdrawals are protected (i.e., will not decrease).

If you withdraw more than the allowed partial withdrawal amount in a contract year, we call this an "excess withdrawal" under the rider. Excess withdrawals trigger an adjustment of a benefit's guaranteed amount, which may cause it to be reduced (see "GBA Excess Withdrawal Processing", "RBA Excess Withdrawal Processing", and "ALP Excess Withdrawal Processing" headings below).

Please note that each of the two benefits has its own definition of the allowed annual withdrawal amount. Therefore, a partial withdrawal may be considered an excess withdrawal for purposes of the lifetime withdrawal benefit only, basic benefit only, or both.

If your withdrawals exceed the greater of the RBP or the RALP, surrender charges under the terms of the contract may apply (see "Charges and Adjustments – Transaction Expenses – Surrender Charge"). The amount we actually deduct from your contract value will be the amount you request plus any applicable surrender charge. Market value adjustments, if applicable, will also be made (see "Charges and Adjustments – Adjustments – Market Value Adjustments"). We pay you the amount you request. Any partial withdrawals you take under the contract will reduce the value of the death benefits. (see "Benefits in Case of Death" and "Optional Benefits"). Upon full surrender of the contract, you will receive the remaining contract value less any applicable charges (see "Surrenders").

The rider's guaranteed amounts can be increased at the specified intervals if your contract value has increased. An annual step-up feature is available at each contract anniversary, subject to certain conditions, and may be applied automatically to your contract or may require you to elect the step-up (see "Annual Step-up" heading below). If you exercise the annual step-up election, the spousal continuation step-up election (see "Spousal Continuation Step-up" heading below) or change your PN program investment option, the rider charge may increase (see "Charges and Adjustments").

If you take withdrawals during the waiting period, any prior steps ups applied will be reversed and step-ups will not be available until the end of waiting period. You may take withdrawals after the waiting period without reversal of prior step-ups.

You should consider whether the GWB for Life rider is appropriate for you because:

You will begin paying the rider charge as of the rider effective date, even if you do not begin taking withdrawals for many years. It is possible that your contract performance, fees and charges, and withdrawal pattern may be such that your contract value will not be depleted in your lifetime and you will not receive any monetary value under the rider.

• **Lifetime Withdrawal Benefit Limitations:** The lifetime withdrawal benefit is subject to certain limitations, including but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Once the contract value is less than $600\*, payments are made for as long as the oldest owner or, if an owner is a nonnatural person, the oldest annuitant, is living (see "If Contract Value Reduces to less than $600" heading below). However, if the contract value is $600 or greater, the lifetime withdrawal benefit terminates when a death benefit becomes payable (see "At Death" heading below). Therefore, if there are multiple contract owners, the rider may terminate or the lifetime benefit may be reduced. When one of the contract owners dies the benefit terminates even though other contract owners are still living (except, if the contract is continued under the spousal continuation provision of the contract).

\*

Under our current administrative practice, we allow the minimum contract value to be $0. Therefore, these limitations will only apply when the contract value is reduced to zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Excess withdrawals can reduce the ALP to zero even though the GBA, RBA, GBP and/or RBP values are greater than zero. If the both the ALP and the contract value are zero, the lifetime withdrawal benefit will terminate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) When the lifetime withdrawal benefit is first established, the initial ALP is based on the basic withdrawal benefit's RBA at that time (see "Annual Lifetime Payment (ALP)" heading below), unless there has been a spousal continuation or ownership change. Any withdrawal you take before the ALP is established reduces the RBA and therefore may result in a lower amount of lifetime withdrawals you are allowed to take.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Withdrawals can reduce both the contract value and the RBA to zero prior to the establishment of the ALP. If this happens, the contract and the GWB for Life rider will terminate.

• **Investment Allocation Restrictions:** You must be invested in one of the approved investment options. These funds are expected to reduce our financial risks and expenses associated with certain living benefits. Although the funds'

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investment strategies may help mitigate declines in your contract value due to declining equity markets, the funds' investment strategies may also curb your contract value gains during periods of positive performance by the equity markets. Additionally, investment in the funds may decrease the number and amount of any benefit base increase opportunities. (See "The Variable Account and the Funds: Volatility and Volatility Management Risk with the Portfolio Stabilizer funds" section.) We reserve the right to add, remove or substitute approved investment options at any time and in our sole discretion in the future. This requirement limits your choice of investments. You may allocate qualifying purchase payments and applicable purchase payment credits to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and we will make monthly transfers into the investment option you have chosen. This means you will not be able to allocate contract value to all of the subaccounts, GPAs or the regular fixed account that are available under the contract to contract owners who do not elect this rider. (See "Making the Most of Your Contract – Portfolio Navigator Program and Portfolio Stabilizer Funds.") Subject to state restrictions, we Subject to state restrictions, we reserve the right to limit the number of investment options from which you can select based on the dollar amount of purchase payments you make.

• **Limitations on Purchase Payments:** We reserve the right to limit the cumulative amount of purchase payments (subject to state restrictions), which may limit your ability to make additional purchase payments to increase your contract value as you may have originally intended. For current limitations, see "Buying Your Contract — Purchase Payments".

• **Limitations on Purchase of Other Riders under this Contract:** If you select the GWB for Life rider, you may not elect the Accumulation Benefit rider.

• **Non-Cancelable:** Once elected, the GWB for Life rider may not be cancelled and the fee will continue to be deducted until the contract is terminated, the contract value reduces to zero (described below) or annuity payouts begin.

• **Interaction with Total Free Amount (TFA) contract provision:** The TFA is the amount you are allowed to withdraw from the contract in each contract year without incurring a surrender charge (see "Charges and Adjustments – Transaction Expenses – Surrender Charge"). The TFA may be greater than the RBP or RALP under this rider. Any amount you withdraw under the contract's TFA provision that exceeds the RBP or RALP is subject to the excess withdrawal processing described below for the GBA, RBA and ALP.

You should consult your tax advisor before you select this optional rider if you have any questions about the use of this rider in your tax situation:

• **Tax Considerations for Nonqualified Annuities:** Under current federal income tax law, withdrawals under nonqualified annuities, including partial withdrawals taken from the contract under the terms of this rider, are treated less favorably than amounts received as annuity payments under the contract. (See "Taxes – Nonqualified Annuities".) Withdrawals are taxable income to the extent of earnings. Withdrawals of earnings before age 59½ may incur a 10% IRS early withdrawal penalty. You should consult your tax advisor before you select this optional rider if you have any questions about the use of this rider in your tax situation.

• **Tax Considerations for Qualified Annuities:** Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes – Qualified Annuities – Required Minimum Distributions.") If you have a qualified annuity, you may need to take an RMD that exceeds the guaranteed amount of withdrawal available under the rider and such withdrawals may reduce future benefits guaranteed under the rider. While the rider permits certain excess withdrawals to be made for the purpose of satisfying RMD requirements for this contract alone without reducing future benefits guaranteed under the rider, there can be no guarantee that changes in the federal income tax law after the effective date of the rider will not require a larger RMD to be taken, in which case, future guaranteed withdrawals under the rider could be reduced. You should consult your tax advisor before you select this optional rider if you have any questions about the use of this rider in your tax situation.

• See Appendix E for additional information.

• **Tax Considerations for Tax-Sheltered Annuities (TSAs):** If your contract is a TSA, your right to take a surrender is restricted (see "TSA – Special Provisions").

• **Treatment of Non-Spousal Distributions:** Unless you are married your beneficiary will be required to take distributions as a non-spouse which may result in significantly decreasing the value of the rider. Please note civil unions and domestic partnerships generally are not recognized as marriages for federal tax purposes. For additional information see "Taxes – Other – Spousal status" section of this prospectus.

**Key terms and provisions of the GWB for Life rider are described below:** 

**Withdrawal:** For the purposes of this rider, the term "withdrawal" is equal to the term "surrender" in the contract or any other riders. Withdrawals will adjust contract values and benefits in the same manner as surrenders.

**Partial Withdrawals:** A withdrawal of an amount that does not result in a surrender of the contract. The partial withdrawal amount is a gross amount and will include any surrender charge and any market value adjustment.

**Waiting Period:** The period of time starting on the rider effective date during which the annual step-up is not available if you take withdrawals. The current waiting period is three years.

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**Guaranteed Benefit Amount (GBA):** The total cumulative amount available for partial withdrawals over the life of the rider under the basic withdrawal benefit. The maximum GBA is $5,000,000. The GBA cannot be withdrawn and is not payable as a death benefit. Rather, the GBA is an interim value used to calculate the amount available for withdrawals each year under the basic withdrawal benefit (see "Guaranteed Benefit Payment" below). At any time, the total GBA is the sum of the individual GBAs associated with each purchase payment.

The GBA is determined at the following times, calculated as described:

• *At contract issue* – the GBA is equal to the initial purchase payment, plus any purchase payment credit;

• *When you make additional purchase payments* – each additional purchase payment has its own GBA equal to the amount of the purchase payment plus any purchase payment credit.

• *At step-up* – (see "Annual Step-up," and "Spousal Continuation Step-up" headings below).

• *When an individual RBA is reduced to zero* – the GBA that is associated with that RBA will also be set to zero.

• *When you make a partial withdrawal during the waiting period and after a step-up* – Any prior annual step-ups will be reversed. Step-up reversal means that the GBA associated with each purchase payment will be reset to the amount of that purchase payment plus any purchase payment credit. The step-up reversal will only happen once during the waiting period, when the first partial withdrawal is made.

• *When you make a partial withdrawal at any time and the amount withdrawn is:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)*

*less than or equal to the total RBP* – the GBA remains unchanged. If there have been multiple purchase payments, both the total GBA and each payment's GBA remain unchanged.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)*

*is greater than the total RBP –* **GBA excess withdrawal processing will be applied to the GBA.** If the partial withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step-ups have been reversed*.* 

**GBA Excess Withdrawal Processing** 

The total GBA will automatically be reset to the lesser of (a) the total GBA immediately prior to the excess withdrawal; or (b) the contract value immediately following the withdrawal.

If there have been multiple purchase payments, each payment's GBA after the withdrawal will be reset to equal that payment's RBA after the withdrawal plus (a) times (b), where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the ratio of the total GBA after the withdrawal less the total RBA after the withdrawal to the total GBA before the withdrawal less the total RBA after the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is each payment's GBA before the withdrawal less that payment's RBA after the withdrawal.

**Remaining Benefit Amount (RBA):** Each withdrawal you make reduces the amount of GBA that is guaranteed by this rider as future withdrawals. At any point in time, the RBA equals the amount of GBA that remains available for withdrawals for the remainder of the contract's life, and total RBA is the sum of the individual RBAs associated with each purchase payment. The maximum RBA is $5,000,000.

The RBA is determined at the following times, calculated as described:

• *At contract issue* – the RBA is equal to the initial purchase payment plus any purchase payment credit.

• *When you make additional purchase payments* – each additional purchase payment has its own RBA initially set equal to that payment's GBA (the amount of the purchase payment plus any purchase payment credit).

• *At step-up* – (see "Annual Step-up," and "Spousal Continuation Step-up" headings below).

• *When you make a partial withdrawal during the waiting period and after a step-up* – Any prior annual step-ups will be reversed. Step-up reversal means that the RBA associated with each purchase payment will be reset to the amount of that purchase payment plus any purchase payment credit. The step-up reversal will only happen once during the waiting period, when the first partial withdrawal is made.

• *When you make a partial withdrawal at any time and the amount withdrawn is:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)*

*less than or equal to the total RBP* – the total RBA is reduced by the amount of the withdrawal. If there have been multiple purchase payments, each payment's RBA is reduced in proportion to its RBP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)*

*is greater than the total RBP* – **RBA excess withdrawal processing will be applied to the RBA.** If the partial withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step-ups have been reversed.

**RBA Excess Withdrawal Processing** 

The total RBA will automatically be reset to the lesser of (a) the contract value immediately following the withdrawal, or (b) the total RBA immediately prior to the withdrawal, less the amount of the withdrawal.

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If there have been multiple purchase payments, both the total RBA and each payment's RBA will be reset. The total RBA will be reset according to the excess withdrawal processing described above. Each payment's RBA will be reset in the following manner:

1. The withdrawal amount up to the total RBP is taken out of each RBA bucket in proportion to its individual RBP at the time of the withdrawal; and

2. The withdrawal amount above the total RBP and any amount determined by the excess withdrawal processing are taken out of each RBA bucket in proportion to its RBA at the time of the withdrawal.

**Guaranteed Benefit Payment (GBP):** At any time, the amount available for partial withdrawals in each contract year after the waiting period, until the RBA is reduced to zero, under the basic withdrawal benefit. At any point in time, each purchase payment has its own GBP, which is equal to the lesser of that payment's RBA or 7% of that payment's GBA, and the total GBP is the sum of the individual GBPs.

During the waiting period, the guaranteed annual withdrawal amount may be less than the GBP due to the limitations the waiting period imposes on your ability to utilize both annual step-ups and withdrawals (see "Waiting Period" heading above). The guaranteed annual withdrawal amount during the waiting period is equal to the value of the RBP at the beginning of the contract year.

The GBP is determined at the following times, calculated as described:

• *At contract issue* – the GBP is established as 7% of the GBA value.

• *At each contract anniversary* – each payment's GBP is reset to the lesser of that payment's RBA or 7% of that payment's GBA value.

• *When you make additional purchase payments* – each additional purchase payment has its own GBP equal to that purchase payment amount plus any purchase payment credit, multiplied by 7%.

• *At step-up* – (see "Annual Step-up," and "Spousal Continuation Step-up" headings below).

• *When an individual RBA is reduced to zero* – the GBP associated with that RBA will also be reset to zero.

• *When you make a partial withdrawal during the waiting period and after a step-up* – Any prior annual step-ups will be reversed. Step-up reversal means that the GBA and the RBA associated with each purchase payment will be reset to the amount of that purchase payment. Each payment's GBP will be reset to the sum of that purchase payment and any purchase payment credit, multiplied by 7%. The step-up reversal will only happen once during the waiting period, when the first partial withdrawal is made.

• *When you make a partial withdrawal at any time and the amount withdrawn is:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)*

*less than or equal to the total RBP* – the GBP remains unchanged.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)*

*is greater than the total RBP* – each payment's GBP is reset to the lesser of that payment's RBA or 7% of that payment's GBA value, based on the RBA and GBA after the withdrawal. If the partial withdrawal is made during the waiting period, these calculations are done AFTER any previously applied annual step-ups have been reversed.

**Remaining Benefit Payment (RBP):** The amount available for partial withdrawals for the remainder of the contract year under the basic withdrawal benefit. At any point in time, the total RBP is the sum of the RBPs for each purchase payment. During the waiting period, when the guaranteed amount may be less than the GBP, the value of the RBP at the beginning of the contract year will be that amount that is actually guaranteed each contract year.

The RBP is determined at the following times, calculated as described:

• *At the beginning of each contract year during the waiting period and prior to any withdrawal* – the RBP for each purchase payment is set equal to that purchase payment plus any purchase payment credit, multiplied by 7%.

• *At the beginning of any other contract year* – the RBP for each purchase payment is set equal to that purchase payment's GBP.

• *When you make additional purchase payments* – each additional purchase payment has its own RBP equal to that payment's GBP.

• *At step-up* – (see "Annual Step-up" and "Spousal Continuation Step-up" headings below).

• *At spousal continuation* – See "Spousal Option to Continue the Contract" heading below.

• *When an individual RBA is reduced to zero* – the RBP associated with that RBA will also be reset to zero.

• *When you make any partial withdrawal* – the total RBP is reset to equal the total RBP immediately prior to the partial withdrawal less the amount of the partial withdrawal, but not less than zero. If there have been multiple purchase payments, each payment's RBP is reduced proportionately. **If you withdraw an amount greater than the RBP, GBA excess withdrawal processing and RBA excess withdrawal processing are applied** and the amount available for the

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future partial withdrawals for the remainder of the contract's life may be reduced by more than the amount of withdrawal. When determining if a withdrawal will result in the excess withdrawal processing, the applicable RBP will not yet reflect the amount of the current withdrawal.

**Covered Person:** The person whose life is used to determine when the ALP is established, and the duration of the ALP payments. The covered person is the oldest contract owner unless otherwise specified on your contract data page. If an owner is a nonnatural person (i.e. trust or corporation), the covered person is the oldest annuitant. A spousal continuation or a change of contract ownership may reduce the amount of the lifetime withdrawal benefit and may change the covered person.

**Annual Lifetime Payment Attained Age (ALPAA):** The covered person's age after which time the lifetime benefit can be established. Currently, the lifetime benefit can be established on the later of the contract effective date or the contract anniversary date on/following the date the covered person reaches age 65.

**Annual Lifetime Payment (ALP):** Once established, the ALP at any time is the amount available for withdrawals in each contract year after the waiting period until the later of death (see "At Death" heading below), or the RBA is reduced to zero, under the lifetime withdrawal benefit. The maximum ALP is $300,000. Prior to establishment of the ALP, the lifetime withdrawal benefit is not in effect and the ALP is zero.

During the waiting period, the guaranteed annual lifetime withdrawal amount may be less than the ALP due to the limitations the waiting period imposes on your ability to utilize both annual step-ups and withdrawals (see "Waiting Period" heading above). The guaranteed annual lifetime withdrawal amount during the waiting period is equal to the value of the RALP at the beginning of the contract year.

The ALP is determined at the following times:

• *The later of the contract effective date or the contract anniversary date on/following the date the covered person reaches age 65* – the ALP is established as 6% of the total RBA.

• *When you make additional purchase payments* – each additional purchase payment increases the ALP by the amount of the purchase payment plus any purchase payment credit, multiplied by 6%.

• *At step-ups* – (see "Annual Step-up" and "Spousal Continuation Step-up" headings below).

• *At contract ownership change* – (see "Spousal Option to Continue the Contract" and "Contract Ownership Change" headings below).

• *When you make a partial withdrawal during the waiting period and after a step-up* – Any prior annual step-ups will be reversed. Step-up reversal means that the ALP will be reset to equal total purchase payments plus any purchase payment credits, multiplied by 6%. The step-up reversal will only happen once during the waiting period, when the first partial withdrawal is made.

• *When you make a partial withdrawal at any time and the amount withdrawn is:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *less than or equal to the RALP* – the ALP remains unchanged.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *is greater than the RALP* – **ALP excess withdrawal processing will be applied to the ALP.** Please note that if the partial withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step-ups have been reversed.

**ALP Excess Withdrawal Processing** 

The ALP is reset to the lesser of the ALP immediately prior to the withdrawal, or 6% of the contract value immediately following the withdrawal.

**Remaining Annual Lifetime Payment (RALP):** The amount available for partial withdrawals for the remainder of the contract year under the lifetime withdrawal benefit. During the waiting period, when the guaranteed annual withdrawal amount may be less than the ALP, the value of the RALP at the beginning of the contract year will be the amount that is actually guaranteed each contract year. Prior to establishment of the ALP, the lifetime withdrawal benefit is not in effect and the RALP is zero.

**The RALP is determined at the following times:** 

• *The later of the contract effective date or the contract anniversary date following the date the covered person reaches age 65, and:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)*

*During the waiting period and Prior to any withdrawals* – the RALP is established equal to the sum of purchase payments and purchase payment credits, multiplied by 6%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)*

*At any other time* – the RALP is established equal to the ALP.

• *At the beginning of each contract year during the waiting period and prior to any withdrawals* – the RALP is set equal to the total purchase payments plus any purchase payment credits, multiplied by 6%.

• *At the beginning of any other contract year* – the RALP is set equal to ALP.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• *At step-ups* – (see "Annual Step-up" and "Spousal Continuation Step-up" headings below).

• *When you make additional purchase payments* – each additional purchase payment increases the RALP by the sum of the purchase payment and any purchase payment credit, multiplied by 6%.

• *When you make any partial withdrawal* – the RALP equals the RALP immediately prior to the partial withdrawal less the amount of the partial withdrawal, but not less than zero. **If you withdraw an amount greater than the RALP, ALP excess withdrawal processing is applied** and the amount available for future partial withdrawals for the remainder of the contract's life may be reduced by more than the amount of withdrawal. When determining if a withdrawal will result in excess withdrawal processing, the applicable RALP will not yet reflect the amount of the current withdrawal.

**Required Minimum Distributions (RMD):** If you are taking RMDs from this contract and the RMD calculated separately for this contract is greater than the RBP or the RALP on the most recent contract anniversary, the portion of the RMD that exceeds the RBP or RALP will not be subject to excess withdrawal processing provided that the following conditions are met:

• The RMD is the life expectancy RMD for this contract alone; and

• The RMD amount is based on the requirements of the Code section 401(a) (9), related Code provisions and regulations thereunder that were in effect on the effective date of this rider.

RMD rules follow the calendar year which most likely does not coincide with your contract year and therefore may limit when you can take your RMD and not be subject to excess withdrawal processing.

Withdrawal amounts greater than the RBP or RALP on the contract anniversary date that do not meet these conditions will result in excess withdrawal processing as described above.

See Appendix E for additional information.

**Step-up Date:** The date any step-up becomes effective, and depends on the type of step-up being applied (see "Annual Step-up" and "Spousal Continuation Step-up" headings below).

**Annual Step-up:** Beginning with the first contract anniversary, an increase of the GBA, RBA, GBP, RBP, ALP, and/or RALP values may be available. A step-up does not create contract value, guarantee the performance of any investment option, or provide a benefit that can be withdrawn or paid upon death. Rather, a step-up determines the current values of the GBA, RBA, GBP, RBP, ALP, and RALP, and may extend the payment period or increase the allowable payment.

The annual step-up is subject to the following rules:

• The annual step-up is available when the RBA, or if established, the ALP, would increase on the step-up date.

• Only one step-up is allowed each contract year.

• If you take any withdrawals during the waiting period, any previously applied step-ups will be reversed and the annual step-up will not be available until the end of the waiting period.

• If the application of the step-up does not increase the rider charge, the annual step-up will be automatically applied to your contract, and the step-up date is the contract anniversary date.

• If the application of the step-up would increase the rider charge, the annual step-up is not automatically applied. Instead, you have the option to step-up for 30 days after the contract anniversary. If you exercise the elective annual step-up option, you will pay the rider charge in effect on the step-up date. If you wish to exercise the elective annual step-up option, we must receive a request from you or your financial advisor. The step-up date is the date we receive your request to step-up. If your request is received after the close of business, the step-up date will be the next valuation day.

• The ALP and RALP are not eligible for step-ups until they are established. Prior to being established, the ALP and RALP values are both zero.

• Please note it is possible for the ALP to step-up even if the RBA or GBA do not step-up and it is also possible for the RBA and GBA to step-up even if the ALP does not step-up.

The annual step-up resets the GBA, RBA, GBP, RBP, ALP and RALP values as follows:

• The total RBA will be reset to the greater of the total RBA immediately prior to the step-up date or the contract value on the step-up date.

• The total GBA will be reset to the greater of the total GBA immediately prior to the step-up date or the contract value on the step-up date.

• The total GBP will be reset using the calculation as described above based on the increased GBA and RBA.

• The total RBP will be reset as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During the waiting period and prior to any withdrawals, the RBP will not be affected by the step-up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) At any other time, the RBP will be reset as the increased GBP less all prior withdrawals made in the current contract year, but not less than zero.

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130 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• The ALP will be reset to the greater of the ALP immediately prior to the step-up date or 6% of the contract value on the step-up date.

• The RALP will be reset as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During the waiting period and prior to any withdrawals, the RALP will not be affected by the step-up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) At any other time, the RALP will be reset as the increased ALP less all prior withdrawals made in the current contract year, but not less than zero.

**Spousal Option to Continue the Contract:** If a surviving spouse elects to continue the contract and continues the contract as the new owner under the spousal continuation provision of the contract, the GWB for Life rider also continues. When the spouse elects to continue the contract, any remaining waiting period is cancelled; the covered person will be re-determined and is the covered person referred to below; and the GBA, RBA, GBP, RBP, ALP and RALP values are affected as follows:

• The GBA, RBA, and GBP values remain unchanged.

• The RBP is automatically reset to the GBP less all prior withdrawals made in the current contract year, but not less than zero.

• *If the ALP has not yet been established and the new covered person has not yet reached age 65 as of the date of continuation* – the ALP will be established on the contract anniversary following the date the covered person reaches age 65 as the lesser of the RBA or the anniversary contract value, multiplied by 6%. The RALP will be established on the same date equal to the ALP.

• *If the ALP has not yet been established but the new covered person is age 65 or older as of the date of continuation* – the ALP will be established on the date of continuation as the lesser of the RBA or the contract value, multiplied by 6%. The RALP will be established on the same date in an amount equal to the ALP less all prior partial withdrawals made in the current contract year, but will never be less than zero.

• *If the ALP has been established but the new covered person has not yet reached age 65 as of the date of continuation* – the ALP and RALP will be automatically reset to zero for the period of time beginning with the date of continuation and ending with the contract anniversary following the date the covered person reaches age 65. At the end of this time period, the ALP will be reset to the lesser of the RBA or the anniversary contract value, multiplied by 6%, and the RALP will be reset to the ALP.

• *If the ALP has been established and the new covered person is age 65 or older as of the date of continuation* – the ALP will be automatically reset to the lesser of the current ALP or 6% of the contract value on the date of continuation. The RALP will be reset to the ALP less all prior withdrawals made in the current contract year, but not less than zero.

Please note that the lifetime withdrawal benefit amount may be reduced as a result of the spousal continuation.

**Spousal Continuation Step-up:** If a surviving spouse elects to continue the contract, another elective step-up option becomes available. To exercise the step-up, the spouse or the spouse's financial advisor must submit a request within 30 days of the date of continuation. The step-up date is the date we receive the spouse's request to step-up. If the request is received after the close of business, the step-up date will be the next valuation day. The GBA, RBA, GBP, RBP, ALP and RALP will be reset in the same fashion as the annual step-up.

If the spousal continuation step-up option is exercised and we have increased the charge for the rider, the spouse will pay the charge that is in effect on the step-up date.

It is our current administrative practice to process the spousal continuation step-up as described in the next paragraph; however, we reserve the right to discontinue the administrative practice and will give you 30 days' written notice of any such change.

At the time of spousal continuation, a step-up may be available. All annual step-up rules (see "Annual Step-Up" heading above), other than those that apply to the waiting period, also apply to the spousal continuation step-up. If the spousal continuation step-up is processed automatically, the step-up date is the valuation date the spousal continuation is effective. If not, the spouse must elect the step-up and must do so within 30 days of the spousal continuation date. If the spouse elects the spousal continuation step-up, the step-up date is the valuation date we receive the spouse's written request to step-up if we receive the request by the close of business on that day, otherwise the next valuation date.

**If Contract Value Reduces to Less than $600\*:** If the contract value reduces to less than $600 and the total RBA remains greater than zero, you will be paid in the following scenarios:

1)

The ALP has not yet been established and the contract value is reduced to less than $600 for any reason other than full or partial surrender of more than the RBP. In this scenario, you can choose to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) receive the remaining schedule of GBPs until the RBA equals zero; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) wait until the rider anniversary on/following the date the covered person reaches age 65, and then receive the ALP annually until the latter of (i) the death of the covered person, or (ii) the RBA is reduced to zero.

We will notify you of this option. If no election is made, the ALP will be paid.

2)

The ALP has been established and the contract value reduces to less than $600 as a result of fees or charges, or a withdrawal that is less than or equal to both the RBP and the RALP. In this scenario, you can choose to receive:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the remaining schedule of GBPs until the RBA equals zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the ALP annually until the latter of (i) the death of the covered person, or (ii) the RBA is reduced to zero.

We will notify you of this option. If no election is made, the ALP will be paid.

3)

The ALP has been established and the contract value falls to zero as a result of a withdrawal that is greater than the RALP but less than or equal to the RBP. In this scenario, the remaining schedule of GBPs will be paid until the RBA equals zero.

4)

The ALP has been established and the contract value falls to zero as a result of a partial withdrawal that is greater than the RBP but less than or equal to the RALP. In this scenario, the ALP will be paid annually until the death of the Covered Person.

Under any of these scenarios:

• The annualized amounts will be paid to you in the frequency you elect. You may elect a frequency offered by us at the time payments begin. Available payment frequencies will be no less frequent than annually.

• We will no longer accept additional purchase payments;

• You will no longer be charged for the rider;

• Any attached death benefit riders will terminate; and

• The death benefit becomes the remaining payments, if any, until the RBA is reduced to zero.

The GWB for Life rider and the contract will terminate under either of the following two scenarios:

• If the contract value falls to zero as a result of a withdrawal that is greater than the RBP and RALP. This is full surrender of the contract.

• If the contract value falls to zero as a result of a withdrawal that is greater than the RALP but less than or equal to the RBP, and the total RBA is reduced to zero.

\* Under the current administrative practice, we allow the minimum contract value to be $0. Therefore, these scenarios will only apply when the contract value is reduced to zero.

**At Death:** If the contract value is greater than zero when the death benefit becomes payable, the beneficiary may elect to take the death benefit as a lump sum under the terms of the contract (see "Benefits in Case of Death") or the annuity payout option (see "Remaining Benefit Amount Payout Option" heading below).

If the contract value equals zero and the death benefit becomes payable, the following will occur:

• If the RBA is greater than zero and the owner has been receiving the GBP each year, the GBP will continue to be paid to the beneficiary until the RBA equals zero.

• If the covered person dies and the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the RBA equals zero.

• If the covered person is still alive and the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the later of the death of the covered person or the RBA equals zero.

• If the covered person is still alive and the RBA equals zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the death of the covered person.

• If the covered person dies and the RBA equals zero, the benefit terminates. No further payments will be made.

**Contract Ownership Change:** If the contract changes ownership (see "Changing Ownership"), the covered person will be redetermined and is the covered person referred to below. The GBA, RBA, GBP, RBP values will remain unchanged. The ALP and RALP will be reset as follows. Our current administrative practice is to only reset the ALP and RALP if the covered person changes due to the ownership change.

• *If the ALP has not yet been established and the new covered person has not yet reached age 65 as of the ownership change date* – the ALP and the RALP will be established on the contract anniversary following the date the covered person reaches age 65. The ALP will be set equal to the lesser of the RBA or the anniversary contract value, multiplied by 6%. If the anniversary date occurs during the waiting period and prior to a withdrawal, the RALP will be set equal to the lesser of the ALP or total purchase payments plus purchase payment credits, multiplied by 6%. If the anniversary date occurs at any other time, the RALP will be set to the ALP.

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132 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• *If the ALP has not yet been established but the new covered person is age 65 or older as of the ownership change date* – the ALP and the RALP will be established on the ownership change date. The ALP will be set equal to the lesser of the RBA or the contract value, multiplied by 6%. If the ownership change date occurs during the waiting period and prior to a withdrawal, the RALP will be set to the lesser of the ALP or total purchase payments plus purchase payment credits, multiplied by 6%. If the ownership change date occurs at any other time, the RALP will be set equal to the ALP less all prior withdrawals made in the current contract year but not less than zero.

• *If the ALP has been established but the new covered person has not yet reached age 65 as of the ownership change date* – the ALP and the RALP will be reset to zero for the period of time beginning with the ownership change date and ending with the contract anniversary following the date the covered person reaches age 65. At the end of this time period, the ALP will be reset to the lesser of the RBA or the anniversary contract value, multiplied by 6%. If the time period ends during the waiting period and prior to any withdrawals, the RALP will be reset to the lesser of the ALP or total purchase payments plus any purchase payment credits, multiplied by 6%. If the time period ends at any other time, the RALP will be reset to the ALP.

• *If the ALP has been established and the new covered person is age 65 or older as of the ownership change date* – the ALP and the RALP will be reset on the ownership change date. The ALP will be reset to the lesser of the current ALP or 6% of the contract value. If the ownership change date occurs during the waiting period and prior to a withdrawal, the RALP will be reset to the lesser of the ALP or total purchase payments plus purchase payment credits, multiplied by 6%. If the ownership change date occurs at any other time, the RALP will be reset to the ALP less all prior withdrawals made in the current contract year but not less than zero.

Please note that the lifetime withdrawal benefit amount may be reduced as a result of the ownership change.

**Remaining Benefit Amount Payout Option:** Several annuity payout plans are available under the contract. As an alternative to these annuity payout plans, a fixed annuity payout option is available under the GWB for Life rider.

Under this option the amount payable each year will be equal to the remaining schedule of GBPs, but the total amount paid over the life of the annuity will not exceed the current total RBA at the time you begin this fixed annuity payout option. These annualized amounts will be paid in the frequency that you elect. The frequencies will be among those offered by us at that time but will be no less frequent than annually. If, at the death of the owner, total payments have been made for less than the RBA, the remaining payments will be paid to the beneficiary (see "The Annuity Payout Period" and "Taxes").

This option may not be available if the contract is issued to qualify under Section 403 or 408 of the Code. For such contracts, this option will be available only if the number of years it will take to deplete the RBA by paying the GBP each year is less than the life expectancy of the owner at the time the option becomes effective. Such life expectancy will be computed using a life expectancy table published by the IRS.

This annuity payout option may also be elected by the beneficiary of a contract as a settlement option if payments begin no later than one year after your death and the payout period does not extend beyond the beneficiary's life or life expectancy. Whenever multiple beneficiaries are designated under the contract, each such beneficiary's share of the proceeds if they elect this option will be in proportion to their applicable designated beneficiary percentage. Beneficiaries of nonqualified contracts may elect this settlement option subject to the distribution requirements of the contract. We reserve the right to adjust the future schedule of GBPs if necessary to comply with the Code.

**Rider Termination** 

The GWB for Life rider cannot be terminated either by you or us except as follows:

1. Annuity payouts under an annuity payout plan will terminate the rider.

2. Termination of the contract for any reason will terminate the rider.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 133

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**Example – GWB For Life Rider** 

**Example #1: Covered person has not reached age 65 at the time the contract and rider are purchased.** 

**Assumptions:** 

• You purchase the RAVA 4 Select contract with a payment of $100,000.

• You are the sole owner and also the annuitant. You are age 60.

• You make no additional payments to the contract.

• Automatic annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or 6% of the contract value is greater than the ALP. Applied annual step-ups are indicated in **bold.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract Duration**<br> **in Years** | **Purchase** <br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Lifetime Withdrawal Benefit** | **Lifetime Withdrawal Benefit** |
| **Contract Duration**<br> **in Years** | **Purchase** <br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **GBA** | **RBA** | **GBP** | **RBP** | **ALP** | **RALP** |
| At Issue | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $N/A | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $7000 | &nbsp;&nbsp; $7000 | &nbsp;&nbsp; $N/A | &nbsp;&nbsp; $N/A |
| 0.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 92000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 93000 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A |
| 1 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 91000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 93000 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A |
| 1.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 83000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 86000 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A |
| 2 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 81000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 86000 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A |
| 5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 86000 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 5160 <br><sup>(1)</sup><br>| &nbsp;&nbsp; 5160 <br><sup>(1)</sup><br>|
| 5.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 5160 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 80840 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 1840 | &nbsp;&nbsp; 5160 | &nbsp;&nbsp; 0 |
| 6 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 69000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 80840 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 5160 | &nbsp;&nbsp; 5160 |
| 6.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 62000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 73840 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 3720 <br><sup>(2)</sup><br>| &nbsp;&nbsp; 0 |
| 7 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 73840 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; **4200** | &nbsp;&nbsp; **4200** |
| 7.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 51000 | &nbsp;&nbsp; 51000 <br><sup>(3)</sup><br>| &nbsp;&nbsp; 51000 <br><sup>(3)</sup><br>| &nbsp;&nbsp; 3570 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 3060 <br><sup>(3)</sup><br>| &nbsp;&nbsp; 0 |
| 8 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; **55000** | &nbsp;&nbsp; **55000** | &nbsp;&nbsp; **3850** | &nbsp;&nbsp; **3850** | &nbsp;&nbsp; **3300** | &nbsp;&nbsp; **3300** |

---

At this point, assuming no additional activity (step-ups, excess withdrawals, purchase payments, spousal continuation or contract ownership change), you can continue to withdraw up to either the GBP of $3,850 each year until the RBA is reduced to zero, or the ALP of $3,300 each year until the later of your death or the RBA is reduced to zero.

<sup>(1)</sup>

The ALP and RALP are established on the contract anniversary date following the date the covered person reaches age 65.

<sup>(2)</sup>

The $7,000 withdrawal is greater than the $5,160 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or 6% of the contract value following the withdrawal.

<sup>(3)</sup>

The $10,000 withdrawal is greater than both the $7,000 RBP allowed under the basic withdrawal benefit and the $4,200 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the GBA, RBA, and ALP. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or 6% of the contract value following the withdrawal.

**Example #2: Covered person has reached 65 at the time the contract and rider are purchased.** 

**Assumptions:** 

• You purchase the RAVA 4 Select contract with a payment of $100,000.

• You are the sole owner and also the annuitant. You are age 65.

• You make no additional payments to the contract.

• Automatic annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or 6% of the contract value is greater than the ALP. Applied annual step-ups are indicated in **bold.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract Duration**<br> **in Years** | **Purchase** <br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Basic Withdrawal Benefit** | **Lifetime Withdrawal Benefit** | **Lifetime Withdrawal Benefit** |
| **Contract Duration**<br> **in Years** | **Purchase** <br> **Payments** | **Partial**<br> **Withdrawals** | **Hypothetical Assumed**<br> **Contract Value** | **GBA** | **RBA** | **GBP** | **RBP** | **ALP** | **RALP** |
| At Issue | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $N/A | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $7000 | &nbsp;&nbsp; $7000 | &nbsp;&nbsp; $6000 | &nbsp;&nbsp; $6000 |
| 1 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; **105000** | &nbsp;&nbsp; **105000** | &nbsp;&nbsp; **7350** | &nbsp;&nbsp; 7000 <br><sup>(1)</sup><br>| &nbsp;&nbsp; **6300** | &nbsp;&nbsp; 6000 <br><sup>(1)</sup><br>|
| 2 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; **110000** | &nbsp;&nbsp; **110000** | &nbsp;&nbsp; **7700** | &nbsp;&nbsp; 7000 <br><sup>(1)</sup><br>| &nbsp;&nbsp; **6600** | &nbsp;&nbsp; 6000 <br><sup>(1)</sup><br>|
| 3 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 7700 | &nbsp;&nbsp; 7700 <br><sup>(2)</sup><br>| &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 6600 <br><sup>(2)</sup><br>|
| 3.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 103400 | &nbsp;&nbsp; 7700 | &nbsp;&nbsp; 1100 | &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 0 |
| 4 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; **115000** | &nbsp;&nbsp; **115000** | &nbsp;&nbsp; **8050** | &nbsp;&nbsp; **8050** | &nbsp;&nbsp; **6900** | &nbsp;&nbsp; **6900** |
| 4.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 8050 | &nbsp;&nbsp; 116000 | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 106950 | &nbsp;&nbsp; 8050 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 6900 <br><sup>(3)</sup><br>| &nbsp;&nbsp; 0 |
| 5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; **120000** | &nbsp;&nbsp; **120000** | &nbsp;&nbsp; **8400** | &nbsp;&nbsp; **8400** | &nbsp;&nbsp; **7200** | &nbsp;&nbsp; **7200** |
| 5.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 122000 | &nbsp;&nbsp; 120000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 110000 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 8400 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 7200 <br><sup>(4)</sup><br>| &nbsp;&nbsp; 0 |
| 6 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; **125000** | &nbsp;&nbsp; **125000** | &nbsp;&nbsp; **8750** | &nbsp;&nbsp; **8750** | &nbsp;&nbsp; **7500** | &nbsp;&nbsp; **7500** |

---

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134 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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At this point, assuming no additional activity (step-ups, excess withdrawals, purchase payments, spousal continuation or contract ownership change), you can continue to withdraw up to either the GBP of $8,750 each year until the RBA is reduced to zero, or the ALP of $7,500 each year until the later of your death or the RBA is reduced to zero.

<sup>(1)</sup>

The annual step-up has not been applied to the RBP or RALP because any withdrawal after step-up during the waiting period would reverse any prior step-ups prior to determining if the withdrawal is excess. Therefore, during the waiting period, the RBP is the amount you can withdraw without incurring the GBA and RBA excess withdrawal processing, and the RALP is the amount you can withdraw without incurring the ALP excess withdrawal processing.

<sup>(2)</sup>

On the third anniversary (after the end of the waiting period), the RBP and RALP are set equal to the GBP and ALP, respectively.

<sup>(3)</sup>

The $8,050 withdrawal is greater than the $6,900 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or 6% of the contract value following the withdrawal.

<sup>(4)</sup>

The $10,000 withdrawal is greater than both the $8,400 RBP allowed under the basic withdrawal benefit and the $7,200 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the GBA, RBA, and ALP. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or 6% of the contract value following the withdrawal.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 135

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Appendix G: *SecureSource* Rider Disclosure

***SecureSource* Rider** 

**The *SecureSource* rider is not available for RAVA 4 Access.** 

There are two optional *SecureSource* riders available under your contract:

• *SecureSource* – Single Life; or

• *SecureSource* – Joint Life.

The information in this section applies to both *SecureSource* riders, unless otherwise noted.

The *SecureSource* – Single Life rider covers one person. The *SecureSource* – Joint Life Rider covers two spouses jointly who are named at contract issue. You may elect only the *SecureSource* – Single Life rider or the *SecureSource* – Joint Life rider, not both, and you may not switch riders later.

The *SecureSource* rider is an optional benefit that you may select for an additional annual charge if:

• ***Single Life:*** you are 80 or younger on the contract issue date, or , if an owner is a nonnatural person, then the annuitant is age 80 or younger on the contract issue date; or

• ***Joint Life:*** you and your spouse are 80 or younger on the contract issue date.

The *SecureSource* rider is not available under an inherited qualified annuity.

You must elect the rider when you purchase your contract. The rider effective date will be the contract issue date.

The *SecureSource* rider guarantees (unless the rider is terminated. See "Rider Termination" heading below.) that regardless of the investment performance of your contract you will be able to withdraw up to a certain amount each year from the contract before the annuity payouts begin until:

• ***Single Life:*** you have recovered at minimum all of your purchase payments plus any purchase payment credit or, if later, until death (see "At Death" heading below) – even if the contract value is zero.

• ***Joint Life:*** you have recovered at minimum all of your purchase payments plus any purchase payment credit or, if later, until the death of the last surviving covered spouse (see "Joint Life only: Covered Spouses" and "At Death" headings below) – even if the contract value is zero.

Your contract provides for annuity payouts to begin on the settlement date (see "Buying Your Contract – Settlement Date"). Before the settlement date, you have the right to surrender some or all of your contract value, less applicable administrative, surrender and rider charges imposed under the contract at the time of the surrender (see "Surrenders"). Because your contract value will fluctuate depending on the performance of the underlying funds in which the subaccounts invest, the contract itself does not guarantee that you will be able to take a certain surrender amount each year before the annuity payouts begin, nor does it guarantee the length of time over which such surrenders can be made before the annuity payouts begin.

For the purposes of this rider, the term "withdrawal" is equal to the term "surrender" in the contract or any other riders. Withdrawals will adjust contract values and benefits in the same manner as surrenders.

The *SecureSource* rider may be appropriate for you if you intend to make periodic withdrawals from your annuity contract and wish to ensure that market performance will not adversely affect your ability to withdraw your principal over time.

Under the terms of the *SecureSource* rider, the calculation of the amount which can be withdrawn in each contract year varies depending on several factors, including but not limited to the waiting period (see "Waiting period" heading below) and whether or not the lifetime withdrawal benefit has become effective:

(1) The basic withdrawal benefit gives you the right to take limited withdrawals in each contract year until the lifetime withdrawal benefit becomes effective and guarantees that over time the withdrawals will total an amount equal to, at minimum, your purchase payments plus any purchase payment credits (unless the rider is terminated. See "Rider Termination" heading below). Key terms associated with the basic withdrawal benefit are "Guaranteed Benefit Payment (GBP)", "Remaining Benefit Payment (RBP)", "Guaranteed Benefit Amount (GBA)" and "Remaining Benefit Amount (RBA)." See these headings below for more information.

(2) The lifetime withdrawal benefit gives you the right, under certain limited circumstances defined in the rider, to take limited withdrawals until the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Single Life:*** death (see "At Death" heading below) or until the RBA (under the basic withdrawal benefit) is reduced to zero (unless the rider is terminated. See "Rider Termination" heading below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Joint Life:*** death of the last surviving covered spouse (see "At Death" heading below) or until the RBA (under the basic withdrawal benefit) is reduced to zero (unless the rider is terminated. See "Rider Termination" heading below).

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Key terms associated with the lifetime withdrawal benefit are "Annual Lifetime Payment (ALP)", "Remaining Annual Lifetime Payment (RALP)", "Single Life only: Covered Person", "Joint Life only: Covered Spouses" and "Annual Lifetime Payment Attained Age (ALPAA)." See these headings below for more information.

Only the basic withdrawal benefit will be in effect prior to the date that the lifetime withdrawal benefit becomes effective. The lifetime withdrawal benefit becomes effective automatically on the rider anniversary date after the:

• ***Single Life:*** covered person reaches age 65, or the rider effective date if the covered person is age 65 or older on the rider effective date (see "Annual Lifetime Payment Attained Age (ALPAA)" heading below);

• ***Joint Life:*** younger covered spouse reaches age 65, or the rider effective date if the younger covered spouse is age 65 or older on the rider effective date (see "Annual Lifetime Payment Attained Age (ALPAA)" and "Annual Lifetime Payment (ALP)" headings below).

Provided annuity payouts have not begun, the *SecureSource* rider guarantees that you may take the following withdrawal amounts each contract year:

• Before the establishment of the ALP, the rider guarantees that each year you have the option to cumulatively withdraw an amount equal to the value of the RBP at the beginning of the contract year;

• After the establishment of the ALP, the rider guarantees that each year you have the option to cumulatively withdraw an amount equal to the value of the RALP or the RBP at the beginning of the contract year, but the rider does not guarantee withdrawal of the sum of both the RALP and the RBP in a contract year.

If you withdraw less than the allowed withdrawal amount in a contract year, the unused portion cannot be carried over to the next contract year. As long as your withdrawals in each contract year do not exceed the allowed annual withdrawal amount under the rider:

• ***Single Life:*** and there has not been a contract ownership change or spousal continuation of the contract, the guaranteed amounts available for withdrawal will not decrease;

• ***Joint Life:*** the guaranteed amounts available for withdrawal will not decrease.

If you withdraw more than the allowed annual withdrawal amount in a contract year, we call this an "excess withdrawal" under the rider. Excess withdrawals trigger an adjustment of a benefit's guaranteed amount, which may cause it to be reduced (see "GBA Excess Withdrawal Processing," "RBA Excess Withdrawal Processing," and "ALP Excess Withdrawal Processing" headings below).

Please note that basic withdrawal benefit and lifetime withdrawal benefit each has its own definition of the allowed annual withdrawal amount. Therefore a withdrawal may be considered an excess withdrawal for purposes of the lifetime withdrawal benefit only, the basic withdrawal benefit only, or both.

If your withdrawals exceed the greater of the RBP or the RALP, surrender charges under the terms of the contract may apply (see "Charges and Adjustments – Transaction Expenses – Surrender Charge"). The amount we actually deduct from your contract value will be the amount you request plus any applicable surrender charge. Market value adjustments, if applicable, will also be made (see "Charges and Adjustments – Adjustments – Market Value Adjustments"). We pay you the amount you request. Any withdrawals you take under the contract will reduce the value of the death benefits (see "Benefits in Case of Death"). Upon full surrender of the contract, you will receive the remaining contract value less any applicable charges (see "Surrenders").

The rider's guaranteed amounts can be increased at the specified intervals if your contract value has increased. An annual step-up feature is available at each contract anniversary, subject to certain conditions, and may be applied automatically to your contract or may require you to elect the step-up (see "Annual Step-up" heading below). If you exercise the annual step-up election, the spousal continuation step-up election (see "Spousal Continuation Step-up" heading below) or change your Portfolio Navigator investment option, the rider charge may change (see "Charges and Adjustments").

If you take withdrawals during the waiting period, any prior steps ups applied will be reversed and step-ups will not be available until the end of the waiting period. You may take withdrawals after the waiting period without reversal of prior step-ups.

You should consider whether a *SecureSource* rider is appropriate for you taking into account the following considerations:

You will begin paying the rider charge as of the rider effective date, even if you do not begin taking withdrawals for many years. It is possible that your contract performance, fees and charges, and withdrawal pattern may be such that your contract value will not be depleted in your lifetime and you will not receive any monetary value under the rider.

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• **Lifetime Withdrawal Benefit Limitations:** The lifetime withdrawal benefit is subject to certain limitations, including but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ***Single Life:*** Once the contract value equals zero, payments are made for as long as the oldest owner or, if an owner is a nonnatural person, the oldest annuitant is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime withdrawal benefit terminates when a death benefit becomes payable (see "At Death" heading below). Therefore, if there are multiple contract owners, the rider may terminate or the lifetime withdrawal benefit may be reduced when one of the contract owners dies the benefit terminates even though other contract owners are still living (except if the contract is continued under the spousal continuation provision of the contract).

***Joint Life:*** Once the contract value equals zero, payments are made for as long as either covered spouse is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime withdrawal benefit terminates at the death of the last surviving covered spouse (see "At Death" heading below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Excess withdrawals can reduce the ALP to zero even though the GBA, RBA, GBP and/or RBP values are greater than zero. If the both the ALP and the contract value are zero, the lifetime withdrawal benefit will terminate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) When the lifetime withdrawal benefit is first established, the initial ALP is based on

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Single Life: the basic withdrawal benefit's RBA at that time (see "Annual Lifetime Payment (ALP)" heading below), unless there has been a spousal continuation or ownership change; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Joint Life: the basic withdrawal benefit's RBA at that time (see "Annual Lifetime Payment (ALP)" heading below).

Any withdrawal you take before the ALP is established reduces the RBA and therefore may result in a lower amount of lifetime withdrawals you are allowed to take.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Withdrawals can reduce both the contract value and the RBA to zero prior to the establishment of the ALP. If this happens, the contract and the rider will terminate.

• **Investment Allocation Restrictions:** You must invest in approved investment options. These funds are expected to reduce our financial risks and expenses associated with certain living benefits. Although the funds' investment strategies may help mitigate declines in your contract value due to declining equity markets, the funds' investment strategies may also curb your contract value gains during periods of positive performance by the equity markets. Additionally, investment in the funds may decrease the number and amount of any benefit base increase opportunities. (See "The Variable Account and the Funds: Volatility and Volatility Management Risk with the Portfolio Stabilizer funds" section.) We reserve the right to add, remove or substitute approved investment options at any time and in our sole discretion in the future. This means you will not be able to allocate contract value to all of the subaccounts, GPAs or the regular fixed account that are available under the contract to contract owners who do not elect the rider. (See "Making the Most of Your Contract — Portfolio Navigator Program and Portfolio Stabilizer Funds.") You may allocate qualifying purchase payments and applicable purchase payment credits to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and we will make monthly transfers into the investment option you have chosen. You may make two elective investment option changes per contract year; we reserve the right to limit elective investment option changes if required to comply with the written instructions of a fund (see "Market Timing").

You can allocate your contract value to any available investment option during the following times: (1) prior to your first withdrawal and (2) following a benefit reset as described below but prior to any subsequent withdrawal. During these accumulation phases, you may request to change your model portfolio (if applicable) or investment option to any available investment option.

Immediately following a withdrawal your contract value will be reallocated to the target investment option as shown in your contract if your current investment option is more aggressive than the target investment option. If you are in the static model portfolio, this reallocation will be made to the applicable fund of funds investment option. This automatic reallocation is not included in the total number of allowed model changes per contract year and will not cause your rider fee to increase. The target investment option is currently the Moderate investment option. We reserve the right to change the target investment option to an investment option that is more aggressive than the current target investment option after 30 days written notice.

After you have taken a withdrawal and prior to any benefit reset as described below, you are in a withdrawal phase. During withdrawal phases you may request to change your investment option to the target investment option or any investment option that is more conservative than the target investment option without a benefit reset as described below. If you are in a withdrawal phase and you choose to allocate your contract value to an investment option that is more aggressive than the target investment option, your rider benefit will be reset as follows:

(a) the total GBA will be reset to the lesser of its current value or the contract value; and

(b) the total RBA will be reset to the lesser of its current value or the contract value; and

(c) the ALP, if established, will be reset to the lesser of its current value or 6% of the contract

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(d) the GBP will be recalculated as described below, based on the reset GBA and RBA; and

(e) the RBP will be recalculated as the reset GBP less all prior withdrawals made during the current contract year, but not less than zero; and

(f) the RALP will be recalculated as the reset ALP less all prior withdrawals made during the current contract year, but not less than zero.

You may request to change your investment option by written request on an authorized form or by another method agreed to by us.

• **Limitations on Purchase of Other Riders under your Contract:** You may elect only the *SecureSource* – Single Life rider or the *SecureSource* – Joint Life rider. If you elect the *SecureSource* rider, you may not elect the Accumulation Benefit rider.

• **Non-Cancelable:** Once elected, the *SecureSource* rider may not be cancelled (except as provided under "Rider Termination" heading below) and the fee will continue to be deducted until the contract or rider is terminated or the contract value reduces to zero (described below). Dissolution of marriage does not terminate the *SecureSource* – Joint Life rider and will not reduce the fee we charge for this rider. The benefit under the *SecureSource* – Joint Life rider continues for the covered spouse who is the owner of the contract (or annuitant in the case of nonnatural ownership). The rider will terminate at the death of the contract owner (or annuitant in the case of nonnatural ownership) because the original spouse will be unable to elect the spousal continuation provision of the contract (see "*Joint Life only:* Covered Spouses" below).

• ***Joint Life:* Limitations on Contract Owners, Annuitants and Beneficiaries:** Since the joint life benefit will terminate unless the surviving covered spouse continues the contract under the spousal continuation provision of the contract upon the owner's death, only ownership arrangements that permit such continuation are allowed at rider issue. In general, the covered spouses should be joint owners, or one covered spouse should be the owner and the other covered spouse should be named as the sole primary beneficiary. You are responsible for establishing ownership arrangements that will allow for spousal continuation.

If you select the *SecureSource* – Joint Life rider, please consider carefully whether or not you wish to change the beneficiary of your annuity contract. The rider will terminate if the surviving covered spouse can not utilize the spousal continuation provision of the contract when the death benefit is payable.

• **Limitations on Purchase Payments:** We reserve the right to limit the cumulative amount of purchase payments (subject to state restrictions), which may limit your ability to make additional purchase payments to increase your contract value as you may have originally intended. For current limitations, see "Buying Your Contract — Purchase Payments".

• **Interaction with Total Free Amount (TFA) contract provision:** The TFA is the amount you are allowed to surrender from the contract in each contract year without incurring a surrender charge (see "Charges and Adjustments – Transaction Expenses – Surrender Charge"). The TFA may be greater than the RBP or RALP under this rider. Any amount you withdraw in a contract year under the contract's TFA provision that exceeds the RBP or RALP is subject to the excess withdrawal processing described below for the GBA, RBA and ALP.

You should consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation because:

• **Tax Considerations for Nonqualified Annuities:** Under current federal income tax law, withdrawals under nonqualified annuities, including withdrawals taken from the contract under the terms of the rider, are treated less favorably than amounts received as annuity payments under the contract (see "Taxes – Nonqualified Annuities"). Withdrawals are taxable income to the extent of earnings. Withdrawals of earnings before age 59½ may incur a 10% IRS early withdrawal penalty. You should consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation.

• **Tax Considerations for Qualified Annuities:** Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes – Qualified Annuities – Required Minimum Distributions"). If you have a qualified annuity, you may need to take an RMD that exceeds the guaranteed amount of withdrawal available under the rider and such withdrawals may reduce future benefits guaranteed under the rider. While the rider permits certain excess withdrawals to be made for the purpose of satisfying RMD requirements for your contract alone without reducing future benefits guaranteed under the rider, there can be no guarantee that changes in the federal income tax law after the effective date of the rider will not require a larger RMD to be taken, in which case, future guaranteed withdrawals under the rider could be reduced. See Appendix E for additional information.

• **Limitations on Tax-Sheltered Annuities (TSAs):** Your right to take withdrawals is restricted if your contract is a TSA (see "TSA – Special Provisions"). Therefore, a *SecureSource* rider may be of limited value to you.

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• **Treatment of Non-Spousal Distributions:** Unless you are married your beneficiary will be required to take distributions as a non-spouse which may result in significantly decreasing the value of the rider. Please note civil unions and domestic partnerships generally are not recognized as marriages for federal tax purposes. For additional information see "Taxes – Other – Spousal status" section of this prospectus.

Key terms and provisions of the *SecureSource* rider are described below:

**Withdrawal:** The amount by which your contract value is reduced as a result of any withdrawal request. It may differ from the amount of your request due to any surrender charge and any market value adjustment.

**Waiting period:** The period of time starting on the rider effective date during which the annual step-up is not available if you take withdrawals. The current waiting period is three years.

**Guaranteed Benefit Amount (GBA):** The total cumulative withdrawals guaranteed by the rider under the basic benefit. The maximum GBA is $5,000,000. The GBA cannot be withdrawn and is not payable as a death benefit. It is an interim value used to calculate the amount available for withdrawals each year under the basic withdrawal benefit (see "Guaranteed Benefit Payment" below). At any time, the total GBA is the sum of the individual GBAs associated with each purchase payment.

**The GBA is determined at the following times, calculated as described:** 

• *At contract issue* – the GBA is equal to the initial purchase payment, plus any purchase payment credit.

• *When you make additional purchase payments* – each additional purchase payment has its own GBA equal to the amount of the purchase payment, plus any purchase payment credit.

• *At step-up* – (see "Annual Step-up" and "Spousal Continuation Step-up" headings below).

• *When an individual RBA is reduced to zero* – the GBA that is associated with that RBA will also be set to zero.

• *When you make a withdrawal during the waiting period and after a step-up* – Any prior annual step-ups will be reversed. Step-up reversal means that the GBA associated with each purchase payment will be reset to the amount of that purchase payment, plus any purchase payment credit. The step-up reversal will only happen once during the waiting period, when the first withdrawal is made.

• *When you make a withdrawal at any time and the amount withdrawn is:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *less than or equal to the total RBP* – the GBA remains unchanged. If there have been multiple purchase payments, both the total GBA and each payment's GBA remain unchanged.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *is greater than the total RBP* – **GBA excess withdrawal processing will be applied to the GBA.** If the withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step-ups have been reversed.

**GBA Excess Withdrawal Processing** 

The total GBA will automatically be reset to the lesser of (a) the total GBA immediately prior to the withdrawal; or (b) the contract value immediately following the withdrawal. If there have been multiple purchase payments, each payment's GBA after the withdrawal will be reset to equal that payment's RBA after the withdrawal plus (a) times (b), where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the ratio of the total GBA after the withdrawal less the total RBA after the withdrawal to the total GBA before the withdrawal less the total RBA after the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is each payment's GBA before the withdrawal less that payment's RBA after the withdrawal.

**Remaining Benefit Amount (RBA):** Each withdrawal you make reduces the amount that is guaranteed by the rider as future withdrawals. At any point in time, the RBA equals the amount of GBA that remains available for withdrawals for the remainder of the contract's life, and total RBA is the sum of the individual RBAs associated with each purchase payment. The maximum RBA is $5,000,000.

**The RBA is determined at the following times, calculated as described:** 

• *At contract issue* — the RBA is equal to the initial purchase payment plus any purchase payment credit.

• *When you make additional purchase payments* — each additional purchase payment has its own RBA initially set equal to that payment's GBA (the amount of the purchase payment, plus any purchase payment credit).

• *At step up* — (see "Annual Step Up" and "Spousal Continuation Step Up" headings below).

• *When you make a withdrawal during the waiting period and after a step up* — Any prior annual step ups will be reversed. Step up reversal means that the RBA associated with each purchase payment will be reset to the amount of that purchase payment, plus any purchase payment credit. The step up reversal will only happen once during the waiting period, when the first withdrawal is made.

• *When you make a withdrawal at any time and the amount withdrawn is:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *less than or equal to the total RBP* — the total RBA is reduced by the amount of the withdrawal. If there have been multiple purchase payments, each payment's RBA is reduced in proportion to its RBP.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *is greater than the total RBP* — **RBA excess withdrawal processing will be applied to the RBA.** Please note that if the withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step ups have been reversed.

**RBA Excess Withdrawal Processing** 

The total RBA will automatically be reset to the lesser of (a) the contract value immediately following the withdrawal, or (b) the total RBA immediately prior to the withdrawal, less the amount of the withdrawal.

If there have been multiple purchase payments, both the total RBA and each payment's RBA will be reset. The total RBA will be reset according to the excess withdrawal processing described above. Each payment's RBA will be reset in the following manner:

1. The withdrawal amount up to the total RBP is taken out of each RBA bucket in proportion to its individual RBP at the time of the withdrawal; and

2. The withdrawal amount above the total RBP and any amount determined by the excess withdrawal processing are taken out of each RBA bucket in proportion to its RBA at the time of the withdrawal.

**Guaranteed Benefit Payment (GBP):** At any time, the amount available for withdrawal in each contract year after the waiting period, until the RBA is reduced to zero, under the basic withdrawal benefit. At any point in time, each purchase payment has its own GBP, which is equal to the lesser of that payment's RBA or 7% of that payment's GBA, and the total GBP is the sum of the individual GBPs.

During the waiting period, the guaranteed annual withdrawal amount may be less than the GBP due to the limitations the waiting period imposes on your ability to utilize both annual step-ups and withdrawals (see "Waiting Period" heading above). The guaranteed annual withdrawal amount during the waiting period is equal to the value of the RBP at the beginning of the contract year.

**The GBP is determined at the following times, calculated as described:** 

• *At contract issue* — the GBP is established as 7% of the GBA value.

• *At each contract anniversary* — each payment's GBP is reset to the lesser of that payment's RBA or 7% of that payment's GBA value.

• *When you make additional purchase payments* — each additional purchase payment has its own GBP equal to the purchase payment amount, plus any purchase payment credit multiplied by 7%.

• *At step-up* — (see "Annual Step-up" and "Spousal Continuation Step-up" headings below).

• *When an individual RBA is reduced to zero* — the GBP associated with that RBA will also be reset to zero.

• *When you make a withdrawal during the waiting period and after a step-up* — Any prior annual step-ups will be reversed. Step-up reversal means that the GBA and the RBA associated with each purchase payment will be reset to the amount of that purchase payment plus any purchase payment credit. Each payment's GBP will be reset to 7% of the sum of purchase payment and any purchase payment credit. The step-up reversal will only happen once during the waiting period, when the first withdrawal is made.

• *When you make a withdrawal at any time and the amount withdrawn is:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)*

*less than or equal to the total RBP — the GBP remains unchanged.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)*

*is greater than the total RBP — each payment's GBP is reset to the lesser of that payment's RBA or 7% of that payment's GBA value, based on the RBA and GBA after the withdrawal. If the withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step-ups have been reversed.* 

**Remaining Benefit Payment (RBP):** The amount available for withdrawal for the remainder of the contract year under the basic withdrawal benefit. At any point in time, the total RBP is the sum of the RBPs for each purchase payment. During the waiting period, when the guaranteed amount may be less than the GBP, the value of the RBP at the beginning of the contract year will be that amount that is actually guaranteed each contract year.

**The RBP is determined at the following times, calculated as described:** 

• *At the beginning of each contract year during the waiting period and prior to any withdrawal* — the RBP for each purchase payment is set equal to that purchase payment plus any purchase payment credit, multiplied by 7%.

• *At the beginning of any other contract year* — the RBP for each purchase payment is set equal to that purchase payment's GBP.

• *When you make additional purchase payments* — each additional purchase payment has its own RBP equal to that payment's GBP.

• *At step-up* — (see "Annual Step-up" and "Spousal Continuation Step-up" headings below).

• *At spousal continuation* — (see "Spousal Option to Continue the Contract" heading below).

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• When an individual RBA is reduced to zero — the RBP associated with that RBA will also be reset to zero.

• *When you make any withdrawal* — the total RBP is reset to equal the total RBP immediately prior to the withdrawal less the amount of the withdrawal, but not less than zero. If there have been multiple purchase payments, each payment's RBP is reduced proportionately. **If you withdraw an amount greater than the RBP, GBA excess withdrawal processing and RBA excess withdrawal processing are applied** and the amount available for future withdrawals for the remainder of the contract's life may be reduced by more than the amount of withdrawal. When determining if a withdrawal will result in the excess withdrawal processing, the applicable RBP will not yet reflect the amount of the current withdrawal.

***Single Life only:* Covered Person:** The person whose life is used to determine when the ALP is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered person is the oldest contract owner. If the owner is a nonnatural person, e.g., a trust or corporation, the covered person is the oldest annuitant. A spousal continuation or a change of contract ownership may reduce the amount of the lifetime withdrawal benefit and may change the covered person.

***Joint Life only:* Covered Spouses:** The contract owner and his or her legally married spouse as defined under federal law, as named on the application and as shown in the contract for as long as the marriage is valid and in effect. If the contract owner is a nonnatural person (e.g., a revocable trust), the covered spouses are the annuitant and the legally married spouse of the annuitant. The covered spouses lives are used to determine when the ALP is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered spouses are established on the rider effective date and cannot be changed.

**Annual Lifetime Payment Attained Age (ALPAA):** 

• ***Single Life:*** The covered person's age after which time the lifetime benefit can be established. Currently, the lifetime benefit can be established on the later of the contract effective date or the contract anniversary date on/following the date the covered person reaches age 65.

• ***Joint Life:*** The age of the younger covered spouse at which time the lifetime benefit is established.

**Annual Lifetime Payment (ALP):** Once established, the ALP under the lifetime withdrawal benefit is at any time the amount available for withdrawals in each contract year after the waiting period until the later of:

• ***Single Life:*** death; or

• ***Joint Life:*** death of the last surviving covered spouse; or

• the RBA is reduced to zero.

The maximum ALP is $300,000. Prior to establishment of the ALP, the lifetime withdrawal benefit is not in effect and the ALP is zero.

During the waiting period, the guaranteed annual lifetime withdrawal amount may be less than the ALP due to the limitations the waiting period imposes on your ability to utilize both annual step-ups and withdrawals (see "Waiting Period" heading above). The guaranteed annual lifetime withdrawal amount during the waiting period is equal to the value of the RALP at the beginning of the contract year.

**The ALP is determined at the following times:** 

• ***Single Life:*** The later of the contract effective date or the contract anniversary date on/following the date the covered person reaches age 65 — the ALP is established as 6% of the total RBA.

• ***Joint Life:*** The ALP is established as 6% of the total RBA on the earliest of the following dates:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)*

*the rider effective date if the younger covered spouse has already reached age 65.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)*

*the rider anniversary on/following the date the younger covered spouse reaches age 65.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(c)*

*upon the first death of a covered spouse, then* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(1)*

*the date we receive written request when the death benefit is not payable and the surviving covered spouse has already reached age 65; or* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(2)*

*the date spousal continuation is effective when the death benefit is payable and the surviving covered spouse has already reached age 65; or* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(3)*

*the rider anniversary on/following the date the surviving covered spouse reaches age 65.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(d)*

*Following dissolution of marriage of the covered spouses,* 

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(1)*

*the date we receive written request if the remaining covered spouse who is the owner (or annuitant in the case of nonnatural ownership) has already reached age 65; or* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(2)*

*the rider anniversary on/following the date the remaining covered spouse who is the owner (or annuitant in the case of nonnatural ownership) reaches age 65.* 

• *When you make additional purchase payments* — each additional purchase payment increases the ALP by 6% of the sum of the purchase payment plus any purchase payment credits.

• *At step ups* — (see "Annual Step Up" and "Spousal Continuation Step Up" headings below).

• ***Single Life:*** At spousal continuation or contract ownership change — (see "Spousal Option to Continue the Contract" and "Contract Ownership Change" headings below).

• *When you make a withdrawal during the waiting period and after a step up* — Any prior annual step ups will be reversed. Step up reversal means that the ALP will be reset to equal total purchase payments plus any purchase payment credit, multiplied by 6%.

The step up reversal will only happen once during the waiting period, when the first withdrawal is made.

• When you make a withdrawal at any time and the amount withdrawn is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)*

*less than or equal to the RALP —* the ALP remains unchanged*.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)*

*is greater than the RALP —* **ALP excess withdrawal processing will be applied to the ALP.** If the withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step ups have been reversed.

**ALP Excess Withdrawal Processing** 

The ALP is reset to the lesser of the ALP immediately prior to the withdrawal, or 6% of the contract value immediately following the withdrawal.

**Remaining Annual Lifetime Payment (RALP):** The amount available for withdrawal for the remainder of the contract year under the lifetime withdrawal benefit. During the waiting period, when the guaranteed annual withdrawal amount may be less than the ALP, the value of the RALP at the beginning of the contract year will be the amount that is actually guaranteed each contract year. Prior to establishment of the ALP, the lifetime withdrawal benefit is not in effect and the RALP is zero.

• **The RALP is determined at the following times:** 

• *The RALP is established at the same time as the ALP, and:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *During the waiting period and prior to any withdrawals — the RALP is established equal to the purchase payments, plus purchase payment credit, multiplied by 6%.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *At any other time — the RALP is established equal to the ALP less all prior withdrawals made in the contract year but not less than zero.* 

• *At the beginning of each contract year during the waiting period and prior to any withdrawals* — the RALP is set equal to the total purchase payments plus any purchase payment credit, multiplied by 6%.

• *At the beginning of any other contract year* — the RALP is set equal to ALP.

• *When you make additional purchase payments* — each additional purchase payment increases the RALP by 6% of the sum of the purchase payment amount plus any purchase payment credit.

• *At step ups* — (see "Annual Step Up" and "Spousal Continuation Step Up" headings below).

• *When you make any withdrawal* — the RALP equals the RALP immediately prior to the withdrawal less the amount of the withdrawal but not less than zero. **If you withdraw an amount greater than the RALP, ALP excess withdrawal processing is applied** and may reduce the amount available for future withdrawals. When determining if a withdrawal will result in excess withdrawal processing, the applicable RALP will not yet reflect the amount of the current withdrawal.

**Required Minimum Distributions (RMD):** If you are taking RMDs from your contract and the RMD calculated separately for your contract is greater than the RBP or the RALP on the most recent contract anniversary, the portion of the RMD that exceeds the RBP or RALP on the most recent rider anniversary will not be subject to excess withdrawal processing provided that the following conditions are met:

• The RMD is for your contract alone;

• The RMD is based on your recalculated life expectancy taken from the Uniform Lifetime Table under the Code; and

• The RMD amount is otherwise based on the requirements of section 401(a) (9), related Code provisions and regulations there under that were in effect on the effective date of the rider.

RMD rules follow the calendar year which most likely does not coincide with your contract year and therefore may limit when you can take your RMD and not be subject to excess withdrawal processing.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 143

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Withdrawal amounts greater than the RBP or RALP on the contract anniversary date that do not meet these conditions will result in excess withdrawal processing as described above. See Appendix E for additional information.

**Step Up Date:** The date any step up becomes effective, and depends on the type of step up being applied (see "Annual Step Up" and "Spousal Continuation Step Up" headings below).

**Annual Step Up:** Beginning with the first contract anniversary, an increase of the GBA, RBA, GBP, RBP, ALP and/or RALP values may be available. A step up does not create contract value, guarantee the performance of any investment option, or provide a benefit that can be withdrawn or paid upon death. Rather, a step up determines the current values of the GBA, RBA, GBP, RBP, ALP and RALP, and may extend the payment period or increase the allowable payment.

The annual step up may be available as described below, subject to the following rules:

• The annual step up is effective on the step up date.

• Only one step up is allowed each contract year.

• If you take any withdrawals during the waiting period, any previously applied step ups will be reversed and the Annual step up will not be available until the end of the waiting period.

• On any rider anniversary where the RBA or, if established, the ALP would increase and the application of the step up would not increase the rider charge, the annual step up will be automatically applied to your contract, and the step up date is the contract anniversary date.

• If the application of the step up would increase the rider charge, the annual step up is not automatically applied. Instead, you have the option to step up for 30 days after the contract anniversary as long as either the contract value is greater than the total RBA or 6% of the contract value is greater than the ALP, if established, on the step-up date. If you exercise the elective annual step up option, you will pay the rider charge in effect on the step up date. If you wish to exercise the elective annual step up option, we must receive a request from you or your financial advisor. The step up date is the date we receive your request to step up. If your request is received after the close of business, the step up date will be the next valuation day.

• The ALP and RALP are not eligible for step ups until they are established. Prior to being established, the ALP and RALP values are both zero.

• Please note it is possible for the ALP to step up even if the RBA or GBA do not step up, and it is also possible for the RBA and GBA to step up even if the ALP does not step up.

The annual step up resets the GBA, RBA, GBP, RBP, ALP and RALP values as follows:

• The total RBA will be reset to the greater of the total RBA immediately prior to the step up date or the contract value on the step up date.

• The total GBA will be reset to the greater of the total GBA immediately prior to the step up date or the contract value on the step up date.

• The total GBP will be reset using the calculation as described above based on the increased GBA and RBA.

• The total RBP will be reset as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During the waiting period and prior to any withdrawals, the RBP will not be affected by the step up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) At any other time, the RBP will be reset to the increased GBP less all prior withdrawals made in the current contract year, but not less than zero.

• The ALP will be reset to the greater of the ALP immediately prior to the step up date or 6% of the contract value on the step up date.

• The RALP will be reset as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During the waiting period and prior to any withdrawals, the RALP will not be affected by the step up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) At any other time, the RALP will be reset to the increased ALP less all prior withdrawals made in the current contract year, but not less than zero.

**Spousal Option to Continue the Contract upon Owner's Death:** <br>***Single Life:*** If a surviving spouse elects to continue the contract and continues the contract as the new owner under the spousal continuation provision of the contract, the SecureSource – Single Life rider also continues. When the spouse elects to continue the contract, any remaining waiting period is cancelled and any waiting period limitations on withdrawals and step-ups terminate; if the covered person changes due to a spousal continuation the GBA, RBA, GBP, RBP, ALP and RALP values are affected as follows:

• The GBA, RBA and GBP values remain unchanged.

• The RBP is automatically reset to the GBP less all prior withdrawals made in the current contract year, but not less than zero.

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144 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• *If the ALP has not yet been established and the new covered person has not yet reached age 65 as of the date of continuation* — the ALP will be established on the contract anniversary following the date the covered person reaches age 65 as the lesser of the RBA or the contract anniversary value, multiplied by 6%. The RALP will be established on the same date equal to the ALP.

• *If the ALP has not yet been established but the new covered person is age 65 or older as of the date of continuation* — the ALP will be established on the date of continuation as the lesser of the RBA or the contract value, multiplied by 6%. The RALP will be established on the same date in an amount equal to the ALP less all prior withdrawals made in the current contract year, but not less than zero.

• *If the ALP has been established but the new covered person has not yet reached age 65 as of the date of continuation* — the ALP and RALP will be automatically reset to zero for the period of time beginning with the date of continuation and ending with the contract anniversary following the date the covered person reaches age 65. At the end of this time period, the ALP will be reset to the lesser of the RBA or the anniversary contract value, multiplied by 6%, and the RALP will be reset to the ALP.

• *If the ALP has been established and the new covered person is age 65 or older as of the date of continuation* — the ALP will be automatically reset to the lesser of the current ALP or 6% of the contract value on the date of continuation. The RALP will be reset to the ALP less all prior withdrawals made in the current contract year, but not less than zero.

Please note that the lifetime withdrawal benefit amount may be reduced as a result of the spousal continuation.

***Joint Life:*** If a surviving spouse is a covered spouse and elects the spousal continuation provision of the contract as the new owner, the SecureSource – Joint Life rider also continues. When the spouse elects to continue the contract, any remaining waiting period is cancelled and any waiting period limitations on withdrawals and step-ups terminate. The surviving covered spouse can name a new beneficiary; however, a new covered spouse cannot be added to the rider.

**Spousal Continuation Step Up:** At the time of spousal continuation, a step-up may be available. All annual step-up rules (see "Annual Step-Up" heading above), other than those that apply to the waiting period, also apply to the spousal continuation step-up. If the spousal continuation step-up is processed automatically, the step-up date is the valuation date spousal continuation is effective. If not, the spouse must elect the step up and must do so within 30 days of the spousal continuation date. If the spouse elects the spousal continuation step up, the step-up date is the valuation date we receive the spouse's written request to step-up if we receive the request by the close of business on that day, otherwise the next valuation date.

**Rules for Surrender Provision of Your Contract:** Minimum contract values following surrender no longer apply to your contract. For surrenders, the surrender will be made from the variable subaccounts, and the Regular Fixed Account (if applicable) in the same proportion as your interest in each bears to the contract value less amounts in any Special DCA fixed account. You cannot specify from which accounts the surrender is to be made.

**If Contract Value Reduces to Zero:** If the contract value reduces to zero and the total RBA remains greater than zero, you will be paid in the following scenarios:

1)

The ALP has not yet been established and the contract value is reduced to zero as a result of fees or charges or a withdrawal that is less than or equal to the RBP. In this scenario, you can choose to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) receive the remaining schedule of GBPs until the RBA equals zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ***Single Life:*** wait until the rider anniversary on/following the date the covered person reaches age 65, and then receive the ALP annually until the latter of (i) the death of the covered person, or (ii) the RBA is reduced to zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ***Joint Life:*** wait until the rider anniversary on/following the date the younger covered spouse reaches age 65, and then receive the ALP annually until the latter of (i) the death of the last surviving covered spouse, or (ii) the RBA is reduced to zero.

We will notify you of this option. If no election is made, the ALP will be paid.

2)

The ALP has been established and the contract value reduces to zero as a result of fees or charges, or a withdrawal that is less than or equal to both the RBP and the RALP. In this scenario, you can choose to receive:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the remaining schedule of GBPs until the RBA equals zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ***Single Life:*** the ALP annually until the latter of (i) the death of the covered person, or (ii) the RBA is reduced to zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ***Joint Life:*** the ALP annually until the latter of (i) the death of the last surviving covered spouse, or (ii) the RBA is reduced to zero.

We will notify you of this option. If no election is made, the ALP will be paid.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 145

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3)

The ALP has been established and the contract value falls to zero as a result of a withdrawal that is greater than the RALP but less than or equal to the RBP. In this scenario, the remaining schedule of GBPs will be paid until the RBA equals zero.

4)

The ALP has been established and the contract value falls to zero as a result of a withdrawal that is greater than the RBP but less than or equal to the RALP. In this scenario, the ALP will be paid annually until the death of the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Single Life:*** covered person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Joint Life:*** last surviving covered spouse.

Under any of these scenarios:

• The annualized amounts will be paid to you in the frequency you elect. You may elect a frequency offered by us at the time payments begin. Available payment frequencies will be no less frequent than annually;

• We will no longer accept additional purchase payments;

• You will no longer be charged for the rider;

• Any attached death benefit riders will terminate; and

• ***Single Life:*** The death benefit becomes the remaining payments, if any, until the RBA is reduced to zero.

• ***Joint Life:*** If the owner had been receiving the ALP, upon the first death the ALP will continue to be paid annually until the later of: 1) the death of the last surviving covered spouse or 2) the RBA is reduced to zero. In all other situations the death benefit becomes the remaining payments, if any, until the RBA is reduced to zero.

The SecureSource rider and the contract will terminate under either of the following two scenarios:

• If the contract value falls to zero as a result of a withdrawal that is greater than both the RALP and the RBP. This is full surrender of the contract value.

• If the contract value falls to zero as a result of a withdrawal that is greater than the RALP but less than or equal to the RBP, and the total RBA is reduced to zero.

**At Death:** <br>***Single Life:*** If the contract value is greater than zero when the death benefit becomes payable, the beneficiary may: 1) elect to take the death benefit under the terms of the contract, 2) take the fixed payout option available under this rider, or 3) continue the contract under the spousal continuation provision of the contract above.

If the contract value equals zero and the death benefit becomes payable, the following will occur:

• If the RBA is greater than zero and the owner has been receiving the GBP each year, the GBP will continue to be paid to the beneficiary until the RBA equals zero.

• If the covered person dies and the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the RBA equals zero.

• If the covered person is still alive and the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the later of the death of the covered person or the RBA equals zero.

• If the covered person is still alive and the RBA equals zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the death of the covered person.

• If the covered person dies and the RBA equals zero, the benefit terminates. No further payments will be made.

***Joint Life:*** If the death benefit becomes payable at the death of a covered spouse, the surviving covered spouse must utilize the spousal continuation provision of the contract and continue the contract as the new owner to continue the joint benefit. If spousal continuation is not available under the terms of the contract, the rider terminates. The lifetime benefit of this rider ends at the death of the last surviving covered spouse.

If the contract value is greater than zero when the death benefit becomes payable, the beneficiary may: 1) elect to take the death benefit under the terms of the contract, 2) take the fixed payout option available under this rider, or 3) continue the contract under the spousal continuation provision of the contract above.

If the contract value equals zero at the first death of a covered spouse, the ALP will continue to be paid annually until the later of: 1) the death of the last surviving covered spouse or 2) the RBA is reduced to zero.

If the contract value equals zero at the death of the last surviving covered spouse, the following will occur:

• If the RBA is greater than zero and the owner has been receiving the GBP each year, the GBP will continue to be paid to the beneficiary until the RBA equals zero.

• If the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the RBA equals zero.

• If the RBA equals zero, the benefit terminates. No further payments will be made.

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146 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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**Contract Ownership Change:** <br>***Single Life:*** If the contract changes ownership (see "Changing Ownership"), the GBA, RBA, GBP, RBP values will remain unchanged and the ALP and RALP will be reset as follows. Our current administrative practice is to only reset the ALP and RALP if the covered person changes due to the ownership change.

• *If the ALP has not yet been established and the new covered person has not yet reached age 65 as of the ownership change date* — the ALP and the RALP will be established on the contract anniversary following the date the covered person reaches age 65. The ALP will be set equal to the lesser of the RBA or the anniversary contract value, multiplied by 6%. If the anniversary date occurs during the waiting period and prior to a withdrawal, the RALP will be set equal to the lesser of the ALP or total purchase payments plus any purchase payment credits, multiplied by 6%. If the anniversary date occurs at any other time, the RALP will be set equal to the ALP.

• *If the ALP has not yet been established but the new covered person is age 65 or older as of the ownership change date* — the ALP and the RALP will be established on the ownership change date. The ALP will be set equal to the lesser of the RBA or the contract value, multiplied by 6%. If the ownership change date occurs during the waiting period and prior to a withdrawal, the RALP will be set to the lesser of the ALP or total purchase payments plus any purchase payment credits multiplied by 6%. If the ownership change date occurs at any other time, the RALP will be set to the ALP less all prior withdrawals made in the current contract year but not less than zero.

• *If the ALP has been established but the new covered person has not yet reached age 65 as of the ownership change date* — the ALP and the RALP will be reset to zero for the period of time beginning with the ownership change date and ending with the contract anniversary following the date the covered person reaches age 65. At the end of this time period, the ALP will be reset to the lesser of the RBA or the anniversary contract value, multiplied by 6%. If the time period ends during the waiting period and prior to any withdrawals, the RALP will be reset to the lesser of the ALP or total purchase payments plus any purchase payment credits, multiplied by 6%. If the time period ends at any other time, the RALP will be reset to the ALP.

• *If the ALP has been established and the new covered person is age 65 or older as of the ownership change date* — the ALP and the RALP will be reset on the ownership change date. The ALP will be reset to the lesser of the current ALP or 6% of the contract value. If the ownership change date occurs during the waiting period and prior to a withdrawal, the RALP will be reset to the lesser of the ALP or total purchase payments plus any purchase payment credits multiplied by 6%. If the ownership change date occurs at any other time, the RALP will be reset to the ALP less all prior withdrawals made in the current contract year but not less than zero.

Please note that the lifetime withdrawal benefit amount may be reduced as a result of the ownership change.

***Joint Life:*** Ownership changes are only allowed between the covered spouses or their revocable trust(s). No other ownership changes are allowed as long as the rider is in force.

**Remaining Benefit Amount (RBA) Payout Option:** Several annuity payout plans are available under the contract. As an alternative to these annuity payout plans, a fixed annuity payout option is available under the SecureSource riders.

Under this option the amount payable each year will be equal to the remaining schedule of GBPs, but the total amount paid over the life of the annuity will not exceed the current total RBA at the time you begin this fixed annuity payout option. These annualized amounts will be paid in the frequency that you elect. The frequencies will be among those offered by us at that time but will be no less frequent than annually. If, at the death of the owner, total payouts have been made for less than the RBA, the remaining payouts will be paid to the beneficiary (see "The Annuity Payout Period" and "Taxes").

This option may not be available if the contract is issued to qualify under section 403 or 408 of the Code, as amended. For such contracts, this option will be available only if the guaranteed payment period is less than the life expectancy of the owner at the time the option becomes effective. Such life expectancy will be computed using a life expectancy table published by the IRS.

This annuity payout option may also be elected by the beneficiary of a contract as a settlement option if payments begin no later than one year after your death and the payout period does not extend beyond the beneficiary's life or life expectancy. Whenever multiple beneficiaries are designated under the contract, each such beneficiary's share of the proceeds if they elect this option will be in proportion to their applicable designated beneficiary percentage. Beneficiaries of nonqualified contracts may elect this settlement option subject to the distribution requirements of the contract. We reserve the right to adjust the remaining schedule of GBPs if necessary to comply with the Code.

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 147

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**Rider Termination** 

The SecureSource rider cannot be terminated either by you or us except as follows:

1. ***Single Life:*** After the death benefit is payable the rider will terminate if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any one other than your spouse continues the contract, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your spouse does not use the spousal continuation provision of the contract to continue the contract.

2. ***Joint Life:*** After the death benefit is payable the rider will terminate if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any one other than a covered spouse continues the contract, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a covered spouse does not use the spousal continuation provision of the contract to continue the contract.

3. Annuity payouts under an annuity payout plan will terminate the rider.

4. Termination of the contract for any reason will terminate the rider.

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148 RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus

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Appendix H: Example – Withdrawal Benefit Riders: Electing Step-Up or Spousal Continuation Step-up

**<u>Assumptions:</u>** 

*This example assumes that the covered person (for joint life, younger covered spouse) is 65 or older and there are no additional purchase payments or withdrawals.* 

• You own a RiverSource variable annuity with a withdrawal benefit rider. You are currently invested in the Variable Portfolio — Moderately Aggressive Portfolio (Class 2) (a Portfolio Navigator fund) with a current rider fee of 0.65%.

Your Contract Value (CV) is $100,000 and your withdrawal benefit rider currently provides the following benefits:

1)

You can withdraw $6,000 a year for the rest of your life. This is your Annual Lifetime Payment. Or

2)

You can withdraw $7,000 a year until you have withdrawn a total of $100,000. This is your Guaranteed Benefit Payment.

Based on your current CV, you will pay a rider fee of approximately $650 on your next annuity contract anniversary.

• The annual fee for this rider has increased to 0.95% for clients invested in the Variable Portfolio — Moderately Aggressive Portfolio (Class 2).

The following compares certain options available to you. Changes to rider values or fees are presented for two different scenarios where your CV increases to either $110,000 or $101,000 over the contract year:

*1)*

*Elect to lock in your contract gains to your benefit values (step-up):*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **CV of $110,000** | **CV of $101,000** |
| Increase in Annual Lifetime Payment | $600 | $60 |
| Increase in Guaranteed Benefit Payment | $700 | $70 |
| Increase in Annual Rider Fee | 0.30% | 0.30% |
| Increase in Annual Contract Charge | $330 | $303 |

---

Automatic Step-ups will continue on your next anniversary (if available under your rider).

*2)*

*Do not elect to lock in your contract gains (no step-up):*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **CV of $110,000** | **CV of $101,000** |
| Increase in Annual Lifetime Payment | $0 | $0 |
| Increase in Guaranteed Benefit Payment | $0 | $0 |
| Increase in Annual Rider Fee | 0% | 0% |
| Increase in Annual Contract Charge | $65 | $6.50 |

---

Your rider fee will not change, although the dollar amount of your annual charge will change as your CV changes. On your next anniversary, you will again have the option to elect the step-up (lock in contract gains)

*3)*

*Move to one of the Portfolio Stabilizer funds and elect the step-up:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **CV of $110,000** | **CV of $101,000** |
| Increase in Annual Lifetime Payment | $600 | $60 |
| Increase in Guaranteed Benefit Payment | $700 | $70 |
| Increase in Annual Rider Fee | 0% | 0% |
| Increase in Annual Contract Charge | $65 | $6.50 |

---

Your rider fee will not change, although the dollar amount of your annual charge will change as your CV changes. Automatic Step-ups will continue on your next anniversary (if available under your rider).

*The above example is for illustrative purposes only. The assumptions and calculations used are not intended to be consistent with any one rider, but instead are intended to provide an idea of how different scenarios would operate. Your specific rider may use different calculations for fees or have different benefits available. For a full description and rules applicable to step-up options under your rider, please see the "Optional Living Benefits" section.* 

*Electing to step-up may result in different increases to the annual rider charge relative to the increase in your rider values. You should weigh the resulting increased charge due to the step-up versus the increases to your benefits to determine the option that is best for you.*

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RiverSource RAVA 4 Advantage / RAVA 4 Select / RAVA 4 Access Variable Annuity — Prospectus 149

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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The Statement of Additional Information (SAI) includes additional information about the Contract. The SAI, dated the same date as this prospectus, is incorporated by reference into this prospectus. The SAI is available, without charge, upon request. For a free copy of the 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 Annuity Logo)](g784298img53eced571.jpg)

RiverSource Life Insurance Company <br>70100 Ameriprise Financial Center <br>Minneapolis, MN 55474 <br>1-800-862-7919

PRO9071_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: publicinfo@sec.gov.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

EDGAR Contract Identifier: C000034183; C000266995© 2008-2024 RiverSource Life Insurance Company. All rights reserved.

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Prospectus

September 22, 2025

*RiverSource*<sup>®</sup>

*RAVA 5 Advantage*<sup>®</sup> Variable Annuity

*RAVA 5 Select*<sup>®</sup> Variable Annuity

*RAVA 5 Access*<sup>®</sup> Variable Annuity

(Offered for contract applications signed prior to April 30, 2012)

**Individual Flexible Premium Deferred Combination Fixed/Variable Annuities** 

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| | |
|:---|:---|
| **Issued by:** | **RiverSource Life Insurance Company (RiverSource Life)** |
|  | &nbsp;&nbsp; 70100 Ameriprise Financial Center<br> Minneapolis, MN 55474<br> Telephone: 1-800-862-7919<br> (Service Center)<br> ameriprise.com/variableannuities<br> **RiverSource Variable Account 10**<br>|

---

This prospectus contains information that you should know before investing in the *RAVA 5 Advantage*, *RAVA 5 Select*, or *RAVA 5 Access* variable annuity contracts (offered for contract applications signed prior to April 30, 2012) (Contract), individual flexible premium deferred combination fixed/variable annuity contracts issued by RiverSource Life Insurance Company ("RVS Life", "we", "us" and "our"). The *RAVA 5 Advantage* Contract offers seven-year and ten-year surrender charge schedules. The information in this prospectus applies to all contracts unless stated otherwise. All material terms and conditions of the contracts, including material state variations and distribution channels, are described in this prospectus.

The contract allows you to invest your money in (i) available subaccounts investing in shares of underlying funds, each of which has a particular investment objective, investment strategies, fees and expenses; or (ii) the regular fixed account (not available for RAVA 5 Access), special dollar cost averaging ("SDCA") fixed account, and guarantee period accounts ("GPAs"), each of which earn fixed interest at rates that we adjust periodically and declare when you make an allocation to that account. Additional information regarding each investment option is provided in Appendix A – Investment Options Available Under the Contract.

The contract is a complex investment and involves risks, including loss of principal. The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in surrender charges, taxes, and tax penalties. If you remove money from the GPAs prior to 30 days before the end of the guarantee period, we will apply a market value adjustment ("MVA"), which may be positive or negative. **You could lose up to 100% of the amount withdrawn from a GPA as a result of a negative MVA.** Withdrawals from the contract could also reduce the amount of certain optional benefits by more than the dollar amount of the withdrawal, and such reductions could be significant.

An investment in the contract is subject to the risks related to RVS Life. Any obligations under the contract that exceed the assets of the separate account are subject to our financial strength and claims-paying ability.

**The contracts are no longer available for new purchases.** These contracts are no longer being sold and this prospectus is designed for current contract owners. In addition to the possible state variations, you should note that your contract features and charges may vary depending on the date on which you purchased your contract.

For more information about the particular features, charges and options applicable to you, please contact your financial professional or refer to your contract for contract variation information.

Additional information about certain investment products, including variable annuities and market value adjusted 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 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 1

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| [Key Terms](#xx_1c3d704e-b351-4962-8f04-ad416db2d32f_1) | 4 |
| [Overview of the](#xx_77c8e1f8-aa74-4def-8b91-7e3f68eb5d2a_1)[Contract](#xx_77c8e1f8-aa74-4def-8b91-7e3f68eb5d2a_1) | 6 |
| &nbsp;&nbsp;&nbsp; [Important Information You Should Consider About](#xx_b1b678ad-f32a-4f65-97a1-06b8a0bf1647_1)<br> [the Contract](#xx_b1b678ad-f32a-4f65-97a1-06b8a0bf1647_1)<br>| 8 |
| [Fee Table and Examples](#xx_0a768295-20a0-42c7-b625-dc41b5b3606b_1) | 12 |
| &nbsp;&nbsp;&nbsp; [Transaction Expenses](#xx_0a768295-20a0-42c7-b625-dc41b5b3606b_1) | 12 |
| &nbsp;&nbsp;&nbsp; [Adjustments](#xx_0a768295-20a0-42c7-b625-dc41b5b3606b_1) | 12 |
| &nbsp;&nbsp;&nbsp; [Annual Contract Expenses](#xx_0a768295-20a0-42c7-b625-dc41b5b3606b_1) | 12 |
| &nbsp;&nbsp;&nbsp; [Annual Fund Expenses](#xx_0a768295-20a0-42c7-b625-dc41b5b3606b_3) | 14 |
| [Principal Risks of Investing in the](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_1)[Contract](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_1) | 15 |
| [The Variable Account and the Funds](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_2) | 16 |
| &nbsp;&nbsp;&nbsp; [The "Nonunitized" Separate Account and the](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_5)<br> [Guarantee Period Accounts (GPAs)](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_5)<br>| 19 |
| [The General Account](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_6) | 20 |
| [The Fixed Account](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_6) | 20 |
| &nbsp;&nbsp;&nbsp; [The Regular Fixed Account](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_6) | 20 |
| &nbsp;&nbsp;&nbsp; [The Special DCA Fixed Account](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_7) | 21 |
| [Buying Your Contract](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_8) | 22 |
| &nbsp;&nbsp;&nbsp; [Purchase Payments](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_9) | 23 |
| &nbsp;&nbsp;&nbsp; [How to Make Purchase Payments](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_10) | 24 |
| &nbsp;&nbsp;&nbsp; [Limitations on Use of](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_11)[Contract](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_11) | 25 |
| &nbsp;&nbsp;&nbsp; [The Annuitization Start Date](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_11) | 25 |
| &nbsp;&nbsp;&nbsp; [Beneficiary](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_11) | 25 |
| [Charges](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_11)[and Adjustments](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_11) | 25 |
| [Transaction Expenses](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_11) | 25 |
| &nbsp;&nbsp;&nbsp; [Surrender Charge](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_11) | 25 |
| [Annual Contract Expenses](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_15) | 29 |
| &nbsp;&nbsp;&nbsp; [Base Contract Expenses](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_15) | 29 |
| &nbsp;&nbsp;&nbsp; [Contract Administrative Charge](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_15) | 29 |
| &nbsp;&nbsp;&nbsp; [Mortality and Expense Risk Fee](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_15) | 29 |
| [Adjustments](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_16) | 30 |
| &nbsp;&nbsp;&nbsp; [Market Value Adjustments](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_16) | 30 |
| [Optional Benefit Charges](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_17) | 31 |
| &nbsp;&nbsp;&nbsp; [Optional Living Benefit Charges](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_17) | 31 |
| &nbsp;&nbsp;&nbsp; [SecureSource Stages 2 Rider Charge](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_17) | 31 |
| &nbsp;&nbsp;&nbsp; [Accumulation Protector Benefit Rider Charge](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_18) | 32 |
| &nbsp;&nbsp;&nbsp; [Optional Death Benefit Charges](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_19) | 33 |
| &nbsp;&nbsp;&nbsp; [Benefit Protector Rider Charge](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_19) | 33 |
| &nbsp;&nbsp;&nbsp; [Benefit Protector Plus Rider Charge](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_19) | 33 |
| [Fund Fees and Expenses](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_19) | 33 |
| &nbsp;&nbsp;&nbsp; [Premium Taxes](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_19) | 33 |
| [Valuing Your Investment](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_20) | 34 |
| &nbsp;&nbsp;&nbsp; [GPA](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_20) | 34 |
| &nbsp;&nbsp;&nbsp; [The Fixed Account](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_20) | 34 |
| &nbsp;&nbsp;&nbsp; [Subaccounts](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_20) | 34 |

---

---

| | |
|:---|:---|
| [Making the Most of Your Contract](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_21) | 35 |
| &nbsp;&nbsp;&nbsp; [Automated Dollar-Cost Averaging](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_21) | 35 |
| &nbsp;&nbsp;&nbsp; [Asset Rebalancing](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_22) | 36 |
| &nbsp;&nbsp;&nbsp; [The Income Guide](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_22)<sup>SM</sup>[Program](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_22) | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Portfolio Navigator Program (PN Program) and](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_28)<br> [Portfolio Stabilizer Funds](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_28)<br>| 42 |
| &nbsp;&nbsp;&nbsp; [Transferring Among Accounts](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_31) | 45 |
| &nbsp;&nbsp;&nbsp; [How to Request a Transfer or Surrender](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_34) | 48 |
| [Surrenders](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_35) | 49 |
| &nbsp;&nbsp;&nbsp; [Surrender Policies](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_36) | 50 |
| &nbsp;&nbsp;&nbsp; [Receiving Payment](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_36) | 50 |
| [Changing the Annuitant](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_37) | 51 |
| [Changing Ownership](#xx_0a901e00-b4b3-40e6-8395-d1a85459d8e7_37) | 51 |
| [Benefits Available Under the](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_1)[Contract](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_1) | 53 |
| [Benefits in Case of Death – Standard Death Benefit](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_5) | 57 |
| &nbsp;&nbsp;&nbsp; [If You Die Before the Annuitization Start Date](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_6) | 58 |
| &nbsp;&nbsp;&nbsp; [If You Die After the Annuitization Start Date](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_8) | 60 |
| [Optional Benefits](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_9) | 61 |
| &nbsp;&nbsp;&nbsp; [Optional Death Benefits](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_9) | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Return of Purchase Payments (ROPP) Death](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_9)<br> [Benefit](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_9)<br>| 61 |
| &nbsp;&nbsp;&nbsp; [Maximum Anniversary Value (MAV) Death Benefit](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_10) | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [5-Year Maximum Anniversary Value (5-Year MAV)](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_10)<br> [Death Benefit](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_10)<br>| 62 |
| &nbsp;&nbsp;&nbsp; [5% Accumulation Death Benefit](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_11) | 63 |
| &nbsp;&nbsp;&nbsp; [Enhanced Death Benefit](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_12) | 64 |
| &nbsp;&nbsp;&nbsp; [Benefit Protector Death Benefit](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_13) | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Benefit Protector Plus Death Benefit Rider (Benefit](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_14)<br> [Protector Plus)](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_14)<br>| 66 |
| &nbsp;&nbsp;&nbsp; [Optional Living Benefits](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_15) | 67 |
| &nbsp;&nbsp;&nbsp; [SecureSource Stages 2 Rider](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_15) | 67 |
| &nbsp;&nbsp;&nbsp; [Accumulation Protector Benefit Rider](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_24) | 76 |
| [The Annuity Payout Period](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_26) | 78 |
| &nbsp;&nbsp;&nbsp; [Annuity Tables](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_27) | 79 |
| &nbsp;&nbsp;&nbsp; [Annuity Payout Plans](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_27) | 79 |
| [Taxes](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_28) | 80 |
| &nbsp;&nbsp;&nbsp; [Nonqualified Annuities](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_28) | 80 |
| &nbsp;&nbsp;&nbsp; [Qualified Annuities](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_30) | 82 |
| &nbsp;&nbsp;&nbsp; [Other](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_32) | 84 |
| [Voting Rights](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_32) | 84 |
| [Substitution of Investments](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_33) | 85 |
| [About the Service Providers](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_33) | 85 |
| &nbsp;&nbsp;&nbsp; [Principal Underwriter](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_33) | 85 |
| &nbsp;&nbsp;&nbsp; [Issuer](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_35) | 87 |
| &nbsp;&nbsp;&nbsp; [Legal Proceedings](#xx_5a578dd0-1a2d-4996-b57b-c839548758fe_35) | 87 |

---

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2 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

------

**Table of Contents**

---

| | |
|:---|:---|
| [Financial Statements](#xx_cd58efbc-98c5-44b6-8dc3-46b573982fb0_1) | 88 |
| &nbsp;&nbsp;&nbsp; [Appendix](#xx_ef887816-6a0d-40ec-acc3-372e965d650c_1)[A](#xx_ef887816-6a0d-40ec-acc3-372e965d650c_1)[: Investment Options Available Under the](#xx_ef887816-6a0d-40ec-acc3-372e965d650c_1)<br> [Contract](#xx_ef887816-6a0d-40ec-acc3-372e965d650c_1)<br>| 89 |
| [Appendix](#xx_812b13ec-de85-4a6b-9189-afadeb65b0bf_1)[B](#xx_812b13ec-de85-4a6b-9189-afadeb65b0bf_1)[: Example – Surrender Charges](#xx_812b13ec-de85-4a6b-9189-afadeb65b0bf_1) | 100 |
| [Appendix](#xx_4c550c5d-6ef1-4741-bb90-8b84215dfbed_1)[C](#xx_4c550c5d-6ef1-4741-bb90-8b84215dfbed_1)[: Example – Optional Death Benefits](#xx_4c550c5d-6ef1-4741-bb90-8b84215dfbed_1) | 105 |
| [Appendix](#xx_47a5099c-ee30-4786-8723-0384ce932736_1)[D](#xx_47a5099c-ee30-4786-8723-0384ce932736_1)[: Example – Optional Living Benefits](#xx_47a5099c-ee30-4786-8723-0384ce932736_1) | 111 |
| &nbsp;&nbsp;&nbsp; [Appendix](#xx_5713d2e6-949c-48ba-b376-ffc8e6e342cc_1)[E](#xx_5713d2e6-949c-48ba-b376-ffc8e6e342cc_1)[: Additional Required Minimum](#xx_5713d2e6-949c-48ba-b376-ffc8e6e342cc_1)<br> [Distribution (RMD) Disclosure](#xx_5713d2e6-949c-48ba-b376-ffc8e6e342cc_1)<br>| 113 |

---

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 3

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Key Terms

*These terms can help you understand details about your Contract.*

**Accumulation unit:** A measure of the value of each subaccount prior to the application of amounts to an annuity payment plan.

**Annuitant:** The person or persons on whose life or life expectancy the annuity payouts are based.

**Annuitization start date:** The date when annuity payments begin according to the applicable annuity payment plan.

**Annuity payouts:** An amount paid at regular intervals under one of several plans.

**Assumed investment return:** The rate of return we assume your investments will earn when we calculate your initial annuity payout amount using the annuity table in your Contract. The standard assumed investment return we use is 5% but you may request we substitute an assumed investment return of 3.5%.

**Beneficiary:** The person you designate to receive benefits in case of your death while the Contract is in force.

**Close of business:** The time the New York Stock Exchange (NYSE) closes (4 p.m. Eastern time unless the NYSE closes earlier).

**Code:** The Internal Revenue Code of 1986, as amended.

**Contingent annuitant:** The person who becomes the annuitant when the current annuitant dies prior to the annuitization start date. In the case of joint ownership, one owner must also be the contingent annuitant.

**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 at any point in time. The contract value is the sum of the contract value in the Regular Fixed Account, contract value in the Special DCA Fixed Account, contract value in the Variable Account, and contract value in the GPAs.

**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.

**Good order:** We cannot process your transaction request relating to the Contract until we have received the request in good order at our Service Center. "Good order" means the actual receipt of the requested transaction in writing, along with all information, forms and supporting legal documentation necessary to effect the transaction. To be in "good order", your instructions must be sufficiently clear so that we do not need to exercise any discretion to follow such instructions. This information and documentation generally includes your completed request; the Contract number; the transaction amount (in dollars); the names of and allocations to and/or from the subaccounts and the fixed account affected by the requested transaction; Social Security Number or Taxpayer Identification Number; and any other information, forms or supporting documentation that we may require. For certain transactions, at our option, we may require the signature of all Contract owners for the request to be in good order. With respect to purchase requests, "good order" also generally includes receipt of sufficient payment by us to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in good order, and we reserve the right to change or waive any good order requirements at any time.

**Guarantee Period:** The number of successive 12-month periods that a guaranteed interest rate is credited.

**Guarantee Period Accounts (GPAs):** A nonunitized separate account to which you may allocate purchase payments 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 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 of principal.

**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.

**Owner (you, your):** The person or persons identified in the Contract as owner(s) of the Contract, who has or have the right to control the Contract (to decide on investment allocations, transfers, payout options, etc.). Usually, but not always, the owner is also the annuitant. During the owner's life, the owner is responsible for taxes, regardless of whether he or she receives the Contract's benefits. The owner or any joint owner may be a nonnatural person (e.g. irrevocable trust or corporation) or a revocable trust. If any owner is a nonnatural person or a revocable trust, the annuitant will be deemed to be the owner for Contract provisions that are based on the age or life of the owner. When the Contract is owned by a revocable trust or irrevocable grantor trust, the annuitant(s) selected must be the grantor(s) of the trust

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4 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

------

to assure compliance with Section 72(s) of the Code. Any Contract provisions that are based on the age of the owner will be based on the age of the oldest owner. Any ownership change, including continuation of the Contract by your spouse under the spousal continuation provision of the Contract, redefines "owner", "you" and "your".

**Qualified annuity:** A contract that you purchase to fund one of the following tax-deferred retirement plans that is subject to applicable federal law and any rules of the plan itself:

• Individual Retirement Annuities (IRAs) including inherited IRAs under Section 408(b) of the Internal Revenue Code of 1986 (the Code)

• Roth IRAs including inherited Roth IRAs under Section 408A of the Code

• Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code

A qualified annuity will not provide any necessary or additional tax deferral because it is used to fund a retirement plan that is already tax-deferred.

All other contracts are considered **nonqualified annuities**.

**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.

**Rider effective date:** The date a rider becomes effective as stated in the rider.

**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.

**Subaccount:** A division of the Variable Account, each of which invests in one Fund.

**Surrender value:** The amount you are entitled to receive if you make a full surrender from your Contract. It is the Contract value immediately prior to the surrender, minus any applicable charges, plus any positive or negative market value adjustment.

**Valuation date:** Any normal business day, Monday through Friday, on which the NYSE is open, up to the time it closes. At the NYSE close, the next valuation date begins. We calculate the accumulation unit value of each subaccount on each valuation date. If your contract anniversary is not a valuation date, your contract value for that contract anniversary will be based on close of business values on the next valuation date.

If we receive your purchase payment or any transaction request (such as a transfer or surrender request) in good order at our Service Center before the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the valuation date we received your payment or transaction request. On the other hand, if we receive your purchase payment or transaction request in good order at our Service Center at or after the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the next valuation date. If you make a transaction request by telephone (including by fax), you must have completed your transaction by the close of business in order for us to process it using the accumulation unit value we calculate on that valuation date. If you were not able to complete your transaction before the close of business for any reason, including telephone service interruptions or delays due to high call volume, we will process your transaction using the accumulation unit value we calculate on the next valuation date.

**Variable Account:** 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.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 5

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Overview of the Contract

**Purpose:** The purpose of the contracts is to allow you to accumulate money for retirement or a similar long-term goal. You do this by making one or more purchase payments.

We no longer offer new contracts. However, you may have the option of making additional purchase payments in the future, subject to certain limitations.

The contracts offer various optional features and benefits that may help you achieve financial goals.

It may be appropriate for you if you have a long-term investment horizon and your financial goals are consistent with the terms and conditions of the contract.

It is not intended for investors whose liquidity needs require frequent withdrawals in excess of free amount. If you plan to manage your investment in the contract by frequent or short-term trading, the contract is not suitable for you.

**Phases of the Contract:** 

The contracts have two phases: the Accumulation Phase and the Income Phase.

**Accumulation Phase.** During the Accumulation Phase, you make purchase payments by investing in: available Subaccounts, each of which has a particular investment objective, investment strategies, fees and expenses; the regular Fixed Account (subject to special restrictions and not available for RAVA 5 Access contracts), the Special DCA Fixed Account and GPAs which earn interest at rates that we adjust periodically and declare when you make an allocation to that account. These accounts, in turn, may earn returns that increase the value of the contract. If the contract value goes to zero due to underlying fund's performance or deduction of fees, the contract (including any death benefit riders) will no longer be in force and the contract will terminate. You may be able to purchase an optional benefit to reduce the investment risk you assume under your contract.

**A list of investment options and additional information regarding each investment option available under the contract is provided in Appendix A – Investment Options Available Under the Contract.** 

If you have a Guaranteed Withdrawal Benefit rider, you can withdraw a guaranteed amount from the contract during the Accumulation phase. The amount of money you accumulate under your contract depends (in part) on the performance of the Subaccounts you choose or the rates you earn on allocations to the regular Fixed Account (subject to special restrictions and not available for RAVA 5 Access contracts), the Special DCA Fixed Account and GPAs. The GPAs have guaranteed interest rates for guarantee periods we declare when you allocate purchase payments or transfer contract value to them. A positive or negative MVA is assessed if any portion of a Guarantee Period Account 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. 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. You may transfer money between investment options during the Accumulation Phase, subject to certain restrictions. Your contract value impacts the value of your contract's benefits during the Accumulation Phase, including any optional benefits, as well as the amount available for withdrawal, annuitization and death benefits.

**Income Phase.** The Income Phase begins when you (or your beneficiary) choose to annuitize the contract. You can apply your contract value(less any applicable premium tax and/or other charges) to an annuity payout plan that begins on the annuitization start date or any other date you elect. You may choose from a variety of plans that can help meet your retirement or other income needs. We can make payouts on a fixed or variable basis, or both. You cannot take withdrawals of contract value or surrender the contract during the Income Phase.

All optional death and living benefits terminate after the annuitization start date unless you chose the lifetime benefit option under the *SecureSource Stages 2* rider on the scheduled annuitization date.

**Contract features:** 

• **Contract Classes.** This prospectus describes three contracts. Each contract has different expenses. RAVA 5 Access does not have surrender charges, but it has the highest mortality and expense risk fees of the three contracts. RAVA 5 Select has a four-year surrender charge schedule and has lower mortality and expense risk fees than RAVA 5 Access. RAVA 5 Advantage offers a choice of a seven-year or a ten-year surrender charge schedule and has the lowest mortality and expense risk fees of the three contracts.

• **Death Benefits.** If you die during the Accumulation Phase, we will pay to your beneficiary or beneficiaries an amount at least equal to the contract value. The contract includes a standard death benefit at no additional charge. You may

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6 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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have elected one of the optional death benefits under the contract for an additional fee. Death benefits must be elected at the time that the contract is purchased. Each optional death benefit is designed to provide a greater amount payable upon death. After the death benefit is paid, the contract will terminate.

• **Optional Living Benefits.** You may have elected one of the optional living benefits under the contract for an additional fee. *SecureSource Stages 2* rider is a guaranteed withdrawal benefit rider, designed to provide a guaranteed income stream that may last as long as you live, subject to you following the rules of the rider. Accumulation Protector Benefit rider is designed to provide a guaranteed contract value at the end of a specified Waiting Period.

• **Surrenders.** You may surrender all or part of your contract value at any time during the Accumulation Phase. If you request a full surrender, the contract will terminate. You also may establish automated partial surrenders. Surrenders may be subject to charges and income taxes (including an IRS penalty that may apply if you surrender prior to reaching age 59½) and may have other tax consequences. Early surrenders of contract value invested in a GPA are subject to an MVA and could result in a significant negative contract adjustment. Throughout this prospectus when we use the term "Surrender" it includes the term "Withdrawal".

• **Tax Treatment.** You can transfer money between Subaccounts, the regular Fixed Account, and GPAs without tax implications, and earnings (if any) on your investments are generally tax-deferred. Generally, earnings are not taxed until they are distributed, which may occur when making a withdrawal, upon receiving an annuity payment, or upon payment of the death benefit.

**Additional Services:** 

• **Dollar Cost Averaging Programs.** Automated Dollar Cost Averaging allows you, at no additional cost, to transfer a set amount monthly between Subaccounts or from the regular Fixed Account to one or more eligible Subaccounts. Special Dollar Cost Averaging (SDCA), only available for new purchase payments, allows the systematic transfer from the Special DCA Fixed Account to one or more eligible Subaccounts over a 6- or 12-month period.

• **Asset Rebalancing.** Allows you, at no additional cost, to automatically rebalance the Subaccount portion of your contract value on a periodic basis.

• **Automated Partial Surrenders.** An optional service allowing you to set up automated partial surrenders from the GPAs, regular Fixed Account, Special DCA Fixed Account or the Subaccounts.

• **Electronic Delivery.** You may register for the electronic delivery of your current prospectus and other documents related to your contract.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 7

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Important Information You Should Consider About the Contract

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| | | |
|:---|:---|:---|
|  | **FEES, EXPENSES, AND ADJUSTMENTS** | &nbsp;&nbsp; **Location in** <br> **Statutory** <br> **Prospectus**<br>|
| **Are There Charges** <br> **or Adjustments for** <br> **Early** <br> **Withdrawals?**<br>| &nbsp;&nbsp; **Yes.** Each Contract provides for different surrender charge periods and <br> percentages.<br> **RAVA 5 Advantage.** You may select either a seven-year or ten-year <br> surrender charge schedule at the time of application. If you select a <br> seven-year surrender charge schedule and you withdraw money during the <br> first 7 years from date of each purchase payment, you may be assessed a <br> surrender charge of up to 7% of the purchase payment withdrawn. If you <br> elect a ten-year surrender charge schedule and you withdraw money during <br> the first 10 years from date of each purchase payment, you may be <br> assessed a surrender charge of up to 8% of the purchase payment <br> withdrawn. For example, if you select a seven-year surrender charge <br> schedule and make an early withdrawal, you could pay a surrender charge <br> of up to $7,000 on a $100,000 investment. If you select a ten-year <br> surrender charge schedule and make an early withdrawal, you could pay a <br> surrender charge of up to $8,000 on a $100,000 investment. This loss will <br> be greater if there is a negative MVA, taxes, or tax penalties.<br> **RAVA 5 Select.** If you withdraw money during the first 4 years from the <br> contract date, you may be assessed a surrender charge of up to 7% of the <br> purchase payment withdrawn. For example, if you make a withdrawal in the <br> first year, you could pay a withdrawal charge of up to $7,000 on a <br> $100,000 investment. This loss will be greater if there is a negative MVA, <br> taxes, or tax penalties.<br> **RAVA 5 Access.** No surrender charge is assessed.<br> **For the above contracts:** A positive or negative MVA is assessed if any <br> portion of a GPA is surrendered or transferred more than thirty days before <br> the end of its guarantee period. You could lose up to 100% of the amount <br> withdrawn from a GPA as a result of a negative MVA.<br> For example, if you allocate $100,000 to a GPA with a 3-year guarantee <br> period and later withdraw the entire amount before the 3 years have <br> ended, you could lose up to $100,000 of your investment. This loss will be <br> greater if you also have to pay a surrender charge, taxes, and tax <br> penalties.<br> The following transactions when applied to a GPA, which we refer to as <br> "early surrenders," are subject to an MVA when they occur more than <br> 30 days prior to the end of the guarantee period, unless an exception <br> applies: (i) surrenders (including full and partial surrenders, systematic <br> withdrawals, and required minimum distributions), (ii) transfers, and <br> (iii) annuitization. We will not apply a negative MVA to the payment of the <br> death benefit. An MVA may increase the death benefit but will not decrease <br> it.  | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments –** <br> **Transaction** <br> **Expenses** – <br> **Surrender Charge**<br> **Charges and** <br> **Adjustments –** <br> **Adjustments –**<br> **Market Value** <br> **Adjustments**<br>|
| **Are There** <br> **Transaction** <br> **Charges?**<br>| &nbsp;&nbsp; **No.** Other than surrender charges and negative MVAs, we do not assess <br> any transaction charges. |  |

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8 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **FEES, EXPENSES, AND ADJUSTMENTS** | **FEES, EXPENSES, AND ADJUSTMENTS** | **FEES, EXPENSES, AND ADJUSTMENTS** | &nbsp;&nbsp; **Location in** <br> **Statutory** <br> **Prospectus**<br>|
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; **Yes.** The table below describes the current fees and expenses that you <br> may pay each year, depending on the investment options and optional <br> benefits you choose. Please refer to your Contract Data page for <br> information about the specific fees you will pay each year based on the <br> options you have elected. | &nbsp;&nbsp; **Yes.** The table below describes the current fees and expenses that you <br> may pay each year, depending on the investment options and optional <br> benefits you choose. Please refer to your Contract Data page for <br> information about the specific fees you will pay each year based on the <br> options you have elected. | &nbsp;&nbsp; **Yes.** The table below describes the current fees and expenses that you <br> may pay each year, depending on the investment options and optional <br> benefits you choose. Please refer to your Contract Data page for <br> information about the specific fees you will pay each year based on the <br> options you have elected. | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments** – <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | **Annual Fee** | **Minimum** | **Maximum** | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments** – <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; Base Contract<sup>(1)</sup> <br>(varies by Contract, surrender <br> charge schedule and size of <br> Contract Value)<br>| 0.86% | 1.36% | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments** – <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; Fund options<br> (Funds fees and expenses)<sup>(2)</sup><br>| 0.38% | 2.44% | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments** – <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; Optional benefits available for an <br> additional charge<br> (for a single optional benefit, if <br> elected)<sup>(3)</sup><br>| 0.10% | 1.75% | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments** – <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; (1) As a percentage of average daily contract value in the Variable Account. Includes the <br> Mortality and Expense Fee and contract administrative charge.<br> (2) As a percentage of Fund net assets.<br> (3) As a percentage of Contract Value or the greater of Contract Value or applicable <br> guaranteed benefit amount (varies by optional benefit). The Minimum is a percentage of <br> average daily contract value in the Variable Account. The Maximum is a percentage of the <br> greater of Contract Value or Minimum Contract Accumulation Value.<br> Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not <br> take withdrawals from the Contract, **which could add surrender charges** <br> **and negative MVAs that substantially increase costs**. | &nbsp;&nbsp; (1) As a percentage of average daily contract value in the Variable Account. Includes the <br> Mortality and Expense Fee and contract administrative charge.<br> (2) As a percentage of Fund net assets.<br> (3) As a percentage of Contract Value or the greater of Contract Value or applicable <br> guaranteed benefit amount (varies by optional benefit). The Minimum is a percentage of <br> average daily contract value in the Variable Account. The Maximum is a percentage of the <br> greater of Contract Value or Minimum Contract Accumulation Value.<br> Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not <br> take withdrawals from the Contract, **which could add surrender charges** <br> **and negative MVAs that substantially increase costs**. | &nbsp;&nbsp; (1) As a percentage of average daily contract value in the Variable Account. Includes the <br> Mortality and Expense Fee and contract administrative charge.<br> (2) As a percentage of Fund net assets.<br> (3) As a percentage of Contract Value or the greater of Contract Value or applicable <br> guaranteed benefit amount (varies by optional benefit). The Minimum is a percentage of <br> average daily contract value in the Variable Account. The Maximum is a percentage of the <br> greater of Contract Value or Minimum Contract Accumulation Value.<br> Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not <br> take withdrawals from the Contract, **which could add surrender charges** <br> **and negative MVAs that substantially increase costs**. | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments** – <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp; **Lowest Annual Cost:**<br> **$**1,566 <br>| &nbsp;&nbsp; **Highest Annual Cost:**<br> **$**4,169  | &nbsp;&nbsp; **Highest Annual Cost:**<br> **$**4,169  | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments** – <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There Ongoing** <br> **Fees and** <br> **Expenses?** | &nbsp;&nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Least expensive combination of <br> Contract features and Fund fees <br> and expenses<br> •No optional benefits<br> •No sales charge<br> •No additional purchase payments, <br> transfers or withdrawals<br>| &nbsp;&nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Most expensive combination of <br> Contract features, optional <br> benefits and Fund fees and <br> expenses<br> •No sales charge<br> •No additional purchase payments, <br> transfers or withdrawals | &nbsp;&nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Most expensive combination of <br> Contract features, optional <br> benefits and Fund fees and <br> expenses<br> •No sales charge<br> •No additional purchase payments, <br> transfers or withdrawals | &nbsp;&nbsp; **Fee Table and** <br> **Examples**<br> **Charges and** <br> **Adjustments** – <br> **Annual Contract** <br> **Expenses**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
|  | **RISKS** | **RISKS** | **RISKS** |  |
| **Is There a Risk of** <br> **Loss from Poor** <br> **Performance?**<br>| &nbsp;&nbsp; **Yes.** You can lose money by investing in this Contract including loss of <br> principal. | &nbsp;&nbsp; **Yes.** You can lose money by investing in this Contract including loss of <br> principal. | &nbsp;&nbsp; **Yes.** You can lose money by investing in this Contract including loss of <br> principal. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract**<br>|

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 9

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| | | |
|:---|:---|:---|
|  | **RISKS** | &nbsp;&nbsp; **Location in** <br> **Statutory** <br> **Prospectus**<br>|
| **Is This a** <br> **Short-Term** <br> **Investment?**<br>| &nbsp;&nbsp;&nbsp; **No.**<br> •The Contract is not a short-term investment and is not appropriate for an <br> investor who needs ready access to cash.<br> •The RAVA 5 Advantage and RAVA 5 Select contracts have surrender <br> charges which may reduce the value of your Contract if you withdraw <br> money during the surrender charge period. Surrenders may also reduce <br> or terminate contract guarantees.<br> •Surrenders may also be subject to taxes and tax penalties.<br> •Surrenders from a GPA prior to 30 days before the end of the guarantee <br> period may also result in a negative MVA. During the 30-day period <br> ending on the last day of the guarantee period, you may choose to start <br> a new guarantee period of the same length, transfer the contract value <br> from the current GPA to any of the investment options available under <br> the Contract, apply the contract value to an annuity payout plan, or <br> surrender the value from the current GPA(all subject to applicable <br> surrender, transfer, and annuitization provisions). If we do not receive <br> any instructions by the end of the guarantee period, we will automatically <br> transfer the contract value from the current GPA into the shortest GPA <br> term available.<br> •The benefits of tax deferral, long-term income, and optional living benefit <br> guarantees mean the contract is generally more beneficial to investors <br> with a long term investment horizon. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract**<br> **Charges and** <br> **Adjustments –** <br> **Transaction** <br> **Expenses –** <br> **Surrender Charge**<br> **Charges and** <br> **Adjustments –** <br> **Adjustments –**<br> **Market Value** <br> **Adjustments**<br>|
| **What Are the** <br> **Risks Associated** <br> **With the** <br> **Investment** <br> **Options?**<br>| &nbsp;&nbsp;&nbsp; •An investment in the Contract is subject to the risk of poor investment <br> performance and can vary depending on the performance of the <br> investment options available under the Contract.<br> •Each investment option (including under the GPAs and any fixed account <br> investment options) has its own unique risks.<br> •You should review the investment options before making any investment <br> decisions. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract**<br> **The Variable** <br> **Account and the** <br> **Funds**<br> **The "Nonunitized"** <br> **Separate Account** <br> **and Guarantee** <br> **Period Accounts** <br> **(GPAs)**<br> **The Fixed Account**<br>|
| **What Are the** <br> **Risks Related to** <br> **the Insurance** <br> **Company?**<br>| &nbsp;&nbsp; An investment in the Contract is subject to the risks related to us. Any <br> obligations (including under the fixed account) or guarantees and benefits <br> of the Contract that exceed the assets of the Variable Account are subject <br> to our claims-paying ability. If we experience financial distress, we may not <br> be able to meet our obligations to you. More information about RiverSource <br> Life, including our financial strength ratings, is available by contacting us at <br> 1-800-862-7919. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract**<br> **The General** <br> **Account**<br>|

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10 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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| | | |
|:---|:---|:---|
|  | **RESTRICTIONS** | &nbsp;&nbsp; **Location in** <br> **Statutory** <br> **Prospectus**<br>|
| **Are There** <br> **Restrictions on** <br> **the Investment** <br> **Options?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> •Subject to certain restrictions, you may transfer your Contract value <br> among the subaccounts without charge at any time before the <br> annuitization start date, and once per contract year after the <br> annuitization start date.<br> •Certain transfers out of the GPAs will be subject to an MVA.<br> •GPAs and the regular Fixed Account are subject to certain restrictions.<br> •We reserve the right to modify, restrict or suspend your transfer <br> privileges if we determine that your transfer activity constitutes market <br> timing.<br> •We reserve the right to add, remove or substitute Funds as investment <br> options. We also reserve the right, upon notification to you, to close or <br> restrict any Funds. | &nbsp;&nbsp; **Making the Most** <br> **of Your Contract–** <br> **Transferring** <br> **Among Accounts**<br> **Substitution of** <br> **Investments**<br> **Optional** <br> **Benefits –** <br> **Investment** <br> **Allocation** <br> **Restrictions for** <br> **Certain Benefit** <br> **Riders**<br>|
| **Are There Any** <br> **Restrictions on** <br> **Contract** <br> **Benefits?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> •Certain optional benefits limit or restrict the investment options you may <br> select under the Contract. If you later decide you do not want to invest in <br> those approved investment options, you must request a full surrender.<br> •Certain optional benefits may limit subsequent purchase payments.<br> •Withdrawals in excess of the amount allowed under certain optional <br> benefits may substantially reduce the benefit or even terminate the <br> benefit. | &nbsp;&nbsp; **Buying Your** <br> **Contract–** <br> **Purchase** <br> **Payments**<br> **Optional** <br> **Benefits –** <br> **Important** <br> ***SecureSource*** <br> ***Stages 2*Rider** <br> **Considerations**<br> **Appendix A:** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract**<br>|
|  | **TAXES** |  |
| **What Are the** <br> **Contract's Tax** <br> **Implications?**<br>| &nbsp;&nbsp;&nbsp; •Consult with a tax advisor to determine the tax implications of an <br> investment in and payments and withdrawals received under this <br> Contract.<br> •If you purchase the Contract through a tax-qualified plan or individual <br> retirement account, you do not get any additional tax benefit.<br> •Earnings under your contract are taxed at ordinary income tax rates <br> generally when withdrawn. You may have to pay a tax penalty if you take <br> a withdrawal before age 59½. | **Taxes** |
|  | **CONFLICTS OF INTEREST** |  |
| **How Are** <br> **Investment** <br> **Professionals** <br> **Compensated?**<br>| &nbsp;&nbsp; Your investment professional may receive compensation for selling this <br> Contract to you, in the form of commissions, additional cash benefits (e.g., <br> bonuses), and non-cash compensation. This financial incentive may <br> influence your investment professional to recommend this Contract over <br> another investment for which the investment professional is not <br> compensated or compensated less. | &nbsp;&nbsp; **About the Service** <br> **Providers**<br>|
| **Should I Exchange** <br> **My Contract?**<br>| &nbsp;&nbsp; If you already own an annuity or insurance Contract, some investment <br> professionals may have a financial incentive to offer you a new Contract in <br> place of the one you own. You should only exchange a Contract you already <br> own if you determine, after comparing the features, fees, and risks of both <br> Contracts, that it is better for you to purchase the new Contract rather than <br> continue to own your existing Contract. | &nbsp;&nbsp; **Buying Your** <br> **Contract–Contract** <br> **Exchanges**<br>|

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 11

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Fee Table and Examples

**The following tables describe the fees, expenses and adjustments that you will pay when buying, owning, surrendering, or making withdrawals from an investment option or from these Contracts. Please refer to your Contract Data page for information about the specific fees you will pay each year based on the options you have elected.** 

**The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender or make withdrawals from the Contract. State premium taxes also may be deducted.**

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**Transaction Expenses**

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**<u>Surrender Charges</u>** 

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|:---|:---|:---|:---|:---|
| **Surrender charges** (as a percentage of purchase payments <br> surrendered)<br>| **RAVA 5 Advantage**<br> **ten-year schedule**<br>| **RAVA 5 Advantage**<br> **seven-year schedule**<br>| **RAVA 5 Select** | **RAVA 5 Access** |
| Maximum | &nbsp;&nbsp;&nbsp; 8<br> %<br>| &nbsp;&nbsp;&nbsp; 7<br> %<br>| &nbsp;&nbsp;&nbsp; 7<br> %<br>|  |

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of completed years from**<br> **date of each purchase payment**<sup>(1)</sup><br>| **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7** | **8** | **9** | **10** |
| RAVA 5 Advantage<br> ten-year schedule<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; 4% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; 2% | &nbsp;&nbsp;&nbsp;&nbsp; 1% | &nbsp;&nbsp;&nbsp;&nbsp; 0% |
| RAVA 5 Advantage<br> seven-year schedule<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; 4% | &nbsp;&nbsp;&nbsp;&nbsp; 2% | &nbsp;&nbsp;&nbsp;&nbsp; 0% |  |  |  |
| **Number of years from contract date**<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **1** | &nbsp;&nbsp;&nbsp;&nbsp; **2** | &nbsp;&nbsp;&nbsp;&nbsp; **3** | &nbsp;&nbsp;&nbsp;&nbsp; **4** | &nbsp;&nbsp;&nbsp;&nbsp; **5** |  |  |  |  |  |  |
| RAVA 5 Select | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; 4% | &nbsp;&nbsp;&nbsp;&nbsp; 0% |  |  |  |  |  |  |
| **RAVA 5 Access** |  |  |  |  |  |  |  |  |  |  |  |

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<sup>(1)</sup>

According to our current administrative practice, for the purpose of surrender charge calculation, we consider that the year is completed one day prior to the anniversary of the day each purchase payment was received.

<sup>(2)</sup>

According to our current administrative practice, for the purpose of surrender charge calculation, we consider that the year is completed one day prior to the contract anniversary.

**The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of contract value is removed from an investment option before the expiration of a specified period.**

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**Adjustments**

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---

| | |
|:---|:---|
| **MVA Maximum Potential Loss** (as a percentage of amount withdrawn from a GPA)<sup>(1)</sup> | 100% |

---

<sup>(1)</sup>

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.

**The next table describes the fees and expenses that you will pay *each year* during the time that you own the contract (not including Funds fees and expenses). If you choose to purchase an optional benefit, you will pay additional charges, as shown below.**

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**Annual Contract Expenses**

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**<u>Administrative Expenses</u>** <br>(assessed annually and upon full surrender)

---

| | | |
|:---|:---|:---|
| **Annual contract administrative charge\*** | **Maximum:** $50 | **Current:** $50\*\* |
| **Annual contract administrative charge if your contract value equals or exceeds $50,000** | **Maximum:** $20 | **Current:** $0 |

---

\* Upon full surrender of the contract, we will assess this charge even if your contract value equals or exceeds $50,000.

\*\* Prior to May 4, 2020, the annual contract administrative charge was $30.

**<u>Base Contract Expenses</u>** 

(as a percentage of average daily contract value in the variable account)

---

| | |
|:---|:---|
| **RAVA 5 Advantage**<br> **ten-year schedule**<br>| **Maximum/Current:** 0.85% |
| **RAVA 5 Advantage**<br> **seven-year schedule**<br>| **Maximum/Current:** 0.95% |
| **RAVA 5 Select** | **Maximum/Current:** 1.20% |
| **RAVA 5 Access** | **Maximum/Current:** 1.35% |

---

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12 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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**<u>Optional Benefit Expenses</u>** 

**Optional Death Benefits** 

You may select one of the following optional death benefit riders for an additional fee.

---

| | |
|:---|:---|
| **ROPP Death Benefit** | **Maximum/Current:** 0.35% |
| **MAV Death Benefit** | **Maximum/Current:** 0.25% |
| **5-year MAV Death Benefit** | **Maximum/Current:** 0.10% |
| **5% Accumulation Death Benefit** | **Maximum/Current:** 0.40% |
| **Enhanced Death Benefit** | **Maximum/Current:** 0.45% |

---

If you choose one of the above optional death benefits, we will add the rider fee to your mortality and expense risk fee.

---

| | | |
|:---|:---|:---|
| **Benefit Protector Death Benefit rider fee** | **Maximum:** 0.25% | **Current:** 0.25% |
| **Benefit Protector Plus Death Benefit rider fee** | **Maximum:** 0.40% | **Current:** 0.40% |

---

(as a percentage of contract value charged annually at each contract anniversary.)

**Optional Living Benefits** 

**Accumulation Protector Benefit**<sup>®</sup> **(APB**<sup>®</sup>**) rider fee**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **For applications signed:** | **Maximum** <br> **annual rider fee**<br>| **Initial annual rider fee**<br> **and annual rider fee for**<br> **elective step-ups before**<br> **10/20/2012**<br>|
| Prior to 10/04/2010 | 1.75% | 1.25% |
| 10/04/2010 – 11/13/2011 | 1.75% | 1.50% |
| 11/14/2011 and later | 1.75% | 1.75% |

---

(Charged annually on the contract anniversary as a percentage of contract value or the Minimum Contract Accumulation Value, whichever is greater.)

Current annual rider fees for elective step-up (including elective spousal continuation step-up) requests on/after 10/20/2012 are shown in the table below.

---

| | | |
|:---|:---|:---|
| **Elective step up date:** | **If invested in Portfolio Navigator fund** <br> **at the time of step-up:**<br>| **If invested in Portfolio Stabilizer fund** <br> **at the time of step-up:**<br>|
| 10/20/2012 – 11/17/2013 | 1.75% | n/a |
| 11/18/2013 – 10/17/2014 | 1.75% | 1.30% |
| 10/18/2014 – 06/30/2016 | 1.60% | 1.00% |
| 07/01/2016 – 10/15/2018 | 1.75% | 1.30% |
| 10/16/2018 – 12/29/2019 | 1.40% | 1.00% |
| 12/30/2019 – 07/20/2020 | 1.55% | 1.15% |
| 07/21/2020 and later | 1.75% | 1.75% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| ***SecureSource Stages***<sup>®</sup> **2 – Single life rider fee** | **Maximum:** 1.75% |
| ***SecureSource Stages***<sup>®</sup> **2 – Joint life rider fee** | **Maximum:** 2.25%<br> **Current:** 1.75%<sup>(1)</sup> <br>|

---

(Charged annually on the contract anniversary as a percentage of contract value or the Benefit Base, whichever is greater.)

<sup>(1)</sup>

For contract applications signed prior to Nov. 14, 2011, *SecureSource Stage* 2 – Single life rider current fee is 0.95% and *SecureSource Stages* 2 – Joint life rider current fee is 1.15% and for contract applications signed Nov. 14, 2011 through Feb. 26, 2012, *SecureSource Stages* 2 – Single life rider current fee is 1.10% and *SecureSource Stages* 2 – Joint life rider current fee is 1.35%.

**The next table shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the contract. Expenses shown may change over time and may be higher or lower in the future. Expenses shown may change over time and may be higher or lower in the future. A complete list of investment options available under the contract, including their annual expenses, may be found in the Appendix A.** 

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**Annual Fund Expenses**<sup>(1)</sup>

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---

| | | |
|:---|:---|:---|
| **Total Annual Fund Expenses** | **Minimum(%)** | **Maximum(%)** |
| (expenses deducted from the Fund assets, including management fees, distribution and/or service <br> (12b-1) fees and other expenses)<br>| 0.38 | 2.44 |

---

<sup>(1)</sup>

Total annual Fund operating expenses are deducted from amounts that are allocated to the Fund. They include management fees and other expenses and may include distribution (12b-1) fees. Other expenses may include service fees that may be used to compensate service providers, including us and our affiliates, for administrative and contractowner services provided on behalf of the Fund. The amount of these payments will vary by Fund and may be significant. See "The Variable Account and the Funds" for additional information, including potential conflicts of interest

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 13

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these payments may create. Distribution (12b-1) fees are used to finance any activity that is primarily intended to result in the sale of Fund shares. Because 12b-1 fees are paid out of Fund assets on an ongoing basis, you may pay more if you select Subaccounts investing in Funds that have adopted 12b-1 plans than if you select Subaccounts investing in Funds that have not adopted 12b-1 plans. For a more complete description of each Fund's fees and expenses and important disclosure regarding payments the Fund and/or its affiliates make, please review the Fund's prospectus and SAI.

**Examples** 

**These examples are intended to help you compare the cost of investing in these contracts**. **These costs include Transaction Expenses, Annual Contract Expenses, and Annual Fund expenses.** 

**The examples assume all contract value is allocated to the subaccounts. The examples do not reflect the MVA that only applies to GPAs. Your costs could differ from those shown below if you invest in the GPAs or fixed account investment options.** 

**These examples assume that you invest $100,000 in the contract for the time periods indicated. These examples also assume that your investment has a 5% return each year. The "Maximum" example further assumes the most expensive combination of Annual Contract Expenses reflecting the maximum charges, Annual Fund Expenses\* and optional benefits available. The "Minimum" example further assumes the least expensive combination of Annual Contract Expenses reflecting the current charges, Annual Fund Expenses and that no optional benefits are selected. Although your actual costs may be higher or lower, based on these assumptions your maximum and minimum costs would be:**

**Maximum Expenses.** These examples assume that you select the optional MAV Death Benefit, Benefit Protector Plus and *SecureSource Stages* 2 – Joint Life rider. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

\*

Note: Certain Funds are not available for contracts with living benefit riders and may have higher fund expenses than the rider fee and associated fund expenses shown here.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** |
| | **1 year** | **3 years** | **5 years** | **10 years** | **1 year** | **3 years** | **5 years** | **10 years** |
| <br>**RAVA 5 Advantage** |  |  |  |  |  |  |  |  |
| With a ten-year surrender charge schedule | &nbsp;&nbsp;&nbsp; $11781 | &nbsp;&nbsp;&nbsp; $20263 | &nbsp;&nbsp;&nbsp; $28250 | &nbsp;&nbsp;&nbsp; $50012 | &nbsp;&nbsp;&nbsp;&nbsp; $4495 | &nbsp;&nbsp;&nbsp; $13836 | &nbsp;&nbsp;&nbsp; $23631 | &nbsp;&nbsp;&nbsp; $49962 |
| With a seven-year surrender charge <br> schedule<br>| &nbsp;&nbsp;&nbsp; 10972 | &nbsp;&nbsp;&nbsp; 19634 | &nbsp;&nbsp;&nbsp; 27802 | &nbsp;&nbsp;&nbsp; 50910 | &nbsp;&nbsp;&nbsp;&nbsp; 4597 | &nbsp;&nbsp;&nbsp; 14136 | &nbsp;&nbsp;&nbsp; 24117 | &nbsp;&nbsp;&nbsp; 50860 |
| **RAVA 5 Select** | &nbsp;&nbsp;&nbsp; 10308 | &nbsp;&nbsp;&nbsp; 18534 | &nbsp;&nbsp;&nbsp; 25374 | &nbsp;&nbsp;&nbsp; 53117 | &nbsp;&nbsp;&nbsp;&nbsp; 4852 | &nbsp;&nbsp;&nbsp; 14881 | &nbsp;&nbsp;&nbsp; 25324 | &nbsp;&nbsp;&nbsp; 53067 |
| **RAVA 5 Access** | &nbsp;&nbsp;&nbsp; 5055 | &nbsp;&nbsp;&nbsp; 15377 | &nbsp;&nbsp;&nbsp; 26091 | &nbsp;&nbsp;&nbsp; 54413 | &nbsp;&nbsp;&nbsp;&nbsp; 5005 | &nbsp;&nbsp;&nbsp; 15327 | &nbsp;&nbsp;&nbsp; 26041 | &nbsp;&nbsp;&nbsp; 54363 |

---

**Minimum Expenses.** These examples assume that you have the Standard Death Benefit and do not select any optional benefits. Although your actual costs may be higher, based on these assumptions your costs would be:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp; **If you surrender your contract**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** | &nbsp;&nbsp;&nbsp; **If you do not surrender your contract**<br> **or if you select an annuity payout plan**<br> **at the end of the applicable time period:** |
| | **1 year** | **3 years** | **5 years** | **10 years** | **1 year** | **3 years** | **5 years** | **10 years** |
| <br>**RAVA 5 Advantage** |  |  |  |  |  |  |  |  |
| With a ten-year surrender charge schedule | &nbsp;&nbsp;&nbsp; $8806 | &nbsp;&nbsp;&nbsp; $10975 | &nbsp;&nbsp;&nbsp; $11843 | &nbsp;&nbsp;&nbsp; $15005 | &nbsp;&nbsp;&nbsp;&nbsp; $1261 | &nbsp;&nbsp;&nbsp; $3925 | &nbsp;&nbsp;&nbsp; $6793 | &nbsp;&nbsp;&nbsp; $14955 |
| With a seven-year surrender charge schedule | &nbsp;&nbsp;&nbsp; 7964 | &nbsp;&nbsp;&nbsp; 10290 | &nbsp;&nbsp;&nbsp; 11380 | &nbsp;&nbsp;&nbsp; 16144 | &nbsp;&nbsp;&nbsp;&nbsp; 1363 | &nbsp;&nbsp;&nbsp; 4240 | &nbsp;&nbsp;&nbsp; 7330 | &nbsp;&nbsp;&nbsp; 16094 |
| **RAVA 5 Select** | &nbsp;&nbsp;&nbsp; 7269 | &nbsp;&nbsp;&nbsp; 9065 | &nbsp;&nbsp;&nbsp; 8714 | &nbsp;&nbsp;&nbsp; 18944 | &nbsp;&nbsp;&nbsp;&nbsp; 1620 | &nbsp;&nbsp;&nbsp; 5025 | &nbsp;&nbsp;&nbsp; 8664 | &nbsp;&nbsp;&nbsp; 18894 |
| **RAVA 5 Access** | &nbsp;&nbsp;&nbsp; 1823 | &nbsp;&nbsp;&nbsp; 5543 | &nbsp;&nbsp;&nbsp; 9507 | &nbsp;&nbsp;&nbsp; 20592 | &nbsp;&nbsp;&nbsp;&nbsp; 1773 | &nbsp;&nbsp;&nbsp; 5493 | &nbsp;&nbsp;&nbsp; 9457 | &nbsp;&nbsp;&nbsp; 20542 |

---

THE EXAMPLES ARE ILLUSTRATIVE ONLY. YOU SHOULD NOT CONSIDER THESE EXAMPLES AS A REPRESENTATION OF PAST OR FUTURE EXPENSES. ACTUAL EXPENSES WILL BE HIGHER OR LOWER THAN THOSE SHOWN DEPENDING UPON WHICH OPTIONAL BENEFIT YOU ELECT OTHER THAN INDICATED IN THE EXAMPLES OR IF YOU ALLOCATE CONTRACT VALUE TO ANY OTHER AVAILABLE SUBACCOUNTS.

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14 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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Principal Risks of Investing in the Contract

**Risk of Loss.** Variable annuities involve risks, including possible loss of principal. Your losses could be significant. This contract is not a deposit or obligation of, or guaranteed or endorsed by, any bank. This contract is not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency.

**Short-Term Investment Risk.** This contract is not designed for short-term investing and may not be appropriate for an investor who needs ready access to cash. The benefits of tax deferral and long-term income mean that this contract is more beneficial to investors with a long-term investment horizon.

**Withdrawal Risk.** You should carefully consider the risks associated with withdrawals under the contract. Withdrawals may be subject to a significant surrender charge, depending on the option you select. If you make a withdrawal prior to age 59½, there may be adverse tax consequences, including a 10% IRS penalty tax. A positive or negative MVA is assessed if any portion of a Guarantee Period Account is surrendered or transferred more than thirty days before the end of its guarantee period. You could lose up to 100% of your investment in a GPA as a result of a negative MVA. A withdrawal may reduce the value of your standard and optional benefits. A total withdrawal (surrender) will result in the termination of your contract.

**Subaccount Risk.** Amounts that you invest in the subaccounts are subject to the risk of poor investment performance. You assume the investment risk. Generally, if the subaccounts that you select make money, your contract value goes up, and if they lose money, your contract value goes down. Each subaccount's performance depends on the performance of its underlying Fund. Each underlying Fund has its own investment risks, and you are exposed to the Fund's investment risks when you invest in a subaccount. You are responsible for selecting subaccounts that are appropriate for you based on your own individual circumstances, investment goals, financial situation, and risk tolerance. For risks associated with any Fixed Account options, see Financial Strength and Claims-Paying Ability Risk below.

**GPA Risk.** Each GPA pays an interest rate declared by us when you make an allocation to that account and is fixed for the guarantee period you choose. We will periodically change the declared interest rate for future allocations to these accounts at our discretion based, in part, on various factors including, but not limited to, the interest rate environment, returns earned on investments backing these annuities, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition, and RiverSource Life's revenues and expenses.

We guarantee the contract value allocated to the GPAs, including interest credited, if you do not make any transfers or surrenders from the GPA prior to 30 days before the end of the guarantee period. At all other times, and unless an exception applies, we will apply a MVA if you surrender or transfer contract value from a GPA or you elect an annuity payout plan while you have contract value invested in a GPA. The MVA may be negative, positive or result in no change depending on how the guaranteed interest rate on your GPA compares to the new interest rate of a new GPA for the same number of years as the guarantee period remaining on your GPA. You bear the risk of loss of principal due to a negative MVA. Partial surrenders will reduce certain death benefits proportionally based on the percentage of contract value that is withdrawn and if you request a partial surrender from the GPAs that will give you the net amount you requested after we apply any applicable MVA and surrender charge, a negative MVA will increase the impact of the partial surrender on the value of the death benefit.

**Selection Risk.** The optional benefits under the contract were designed for different financial goals and to protect against different financial risks. There is a risk that you may not choose, or may not have chosen, the benefit or benefits (if any) that are best suited for you based on your present or future needs and circumstances, and the benefits that are more suited for you (if any) may not be elected after your contract is issued. In addition, if you elected an optional benefit and do not use it and if the contingencies upon which the benefit depend never occur, you will have paid for an optional benefit that did not provide a financial benefit. There is also a risk that any financial return of an optional benefit, if any, will ultimately be less than the amount you paid for the benefit.

**Investment Restrictions Risk.** Certain optional benefits limit the investment options that are available to you and limit your ability to take certain actions under the contract. These investment requirements are designed to reduce our risk that we will have to make payments to you from our own assets. In turn, they may also limit the potential growth of your contract value and the potential growth of your guaranteed benefits. This may conflict with your personal investment objectives.

**Managed Volatility Fund Risk.** The Portfolio Stabilizer funds are managed volatility funds that employ a strategy designed to reduce overall volatility and downside risk. These risk management techniques help us manage our financial risks associated with the contract's guarantees, like living and death benefits, because they reduce the incidence of extreme outcomes including the probability of large gains or losses. However, these strategies can also limit your participation in rising equity markets, which may limit the potential growth of your contract value and the potential growth of your guaranteed benefits and may therefore conflict with your personal investment objectives. Certain Funds advised by our affiliate, Columbia Management, employ such risk management strategies. If you elect certain optional

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 15

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benefits under the contract, we require you to invest in these funds, which may limit your ability to increase your benefit. Costs associated with running a managed volatility strategy may also adversely impact the performance of managed volatility funds.

**Purchase Payment Risk.** Your ability to make subsequent purchase payments is subject to restrictions. We reserve the right to limit or restrict purchase payments in certain contract years or based on age, and in conjunction with certain optional living benefit riders with advance notice. Also, our prior approval may be required before accepting certain purchase payments. We reserve the right to limit certain annuity features (for example, investment options) if prior approval is required. There is no guarantee that you will always be permitted to make purchase payments.

**Contract Changes Risk.** We reserve the right to make certain changes in the future, subject to applicable law. We reserve the right to (i) limit transfers to the regular fixed account or (ii) change the percentage allowed to be transferred from the regular fixed account. During the annuity payout period, we reserve the right to limit the number of subaccounts in which you may invest. We reserve the right to add, remove or substitute approved investment options at any time and in our sole discretion. We reserve the right to close or restrict approved investment options in our sole discretion. For certain optional living benefits, we also reserve the right to add, remove or modify allocation plans and requirements in our sole discretion.

**Financial Strength and Claims-Paying Ability Risk.** All guarantees under the contract that are paid from our general account (including under any Fixed Account option) are subject to our financial strength and claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you.

**Cybersecurity Risk.** Increasingly, businesses are dependent on the continuity, security, and effective operation of various technology systems. The nature of our business depends on the continued effective operation of our systems and those of our business partners.

This dependence makes us susceptible to operational and information security risks from cyber-attacks. These risks may include the following:

• the corruption or destruction of data;

• theft, misuse or dissemination of data to the public, including your information we hold; and

• denial of service attacks on our website or other forms of attacks on our systems and the software and hardware we use to run them.

These attacks and their consequences can negatively impact your contract, your privacy, your ability to conduct transactions on your contract, or your ability to receive timely service from us. The risk of cyberattacks may be higher during periods of geopolitical turmoil. There can be no assurance that we, the underlying funds in your contract, or our other business partners will avoid losses affecting your contract due to any successful cyber-attacks or information security breaches.

**Potential Adverse Tax Consequences.** Tax considerations vary by individual facts and circumstances. Tax rules may change without notice. Generally, earnings under your contract are taxed at ordinary income tax rates when withdrawn. You may have to pay a tax penalty if you take a withdrawal before age 59 ½. If you purchase a qualified annuity to fund a retirement plan that is tax-deferred, your contract will not provide any necessary or additional tax deferral beyond what is provided in that retirement plan. Consult a tax professional.

The Variable Account and the Funds

**The Variable Account:** The Variable Account was established under Minnesota law on Aug. 23, 1995.The Variable Account, consisting of subaccounts, is registered together as a single unit investment trust under the Investment Company Act of 1940 (the 1940 Act). This registration does not involve any supervision of our management or investment practices and policies by the SEC. All obligations arising under the contracts are general obligations of RiverSource Life.

The Variable Account meets the definition of a separate account under federal securities laws. Income, gains, and losses credited to or charged against the Variable Account reflect the Variable Account's own investment experience and not the investment experience of RiverSource Life's other assets. The Variable Account's assets are held separately from RiverSource Life's assets and are not chargeable with liabilities incurred in any other business of RiverSource Life. RiverSource Life is obligated to pay all amounts promised to contract owners under the contracts. The Variable Account includes other subaccounts that are available under contracts that are not described in this prospectus.

The IRS has issued guidance on investor control but may issue additional guidance in the future. We reserve the right to modify the contract or any investments made under the terms of the contract so that the investor control rules do not apply to treat the contract owner as the owner of the subaccount assets rather than the owner of an annuity contract. If the contract is not treated as an annuity contract for tax purposes, the owner may be subject to current taxation on any current or accumulated income credited to the contract.

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16 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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We intend to comply with all federal tax laws so that the contract qualifies as an annuity for federal tax purposes. We reserve the right to modify the contract as necessary in order to qualify the contract as an annuity for federal tax purposes.

**The Funds:** The contract currently offers Subaccounts investing in shares of the Funds. Contract value allocated to a Subaccount will vary based on the investment experience of the corresponding Fund in which the Subaccount invests. There is a risk of loss of the entire amount invested. Information regarding each Fund, including (i) its name, (ii) its investment objective, (iii) its investment adviser and any sub-investment adviser, (iv) current expenses, and (v) performance may be found in Appendix A to this prospectus.

Please read the Funds' prospectuses carefully for facts you should know before investing. These prospectuses containing more detailed information about the Funds are available by contacting us at 70100 Ameriprise Financial Center, Minneapolis, MN 55474, telephone: 1-800-862-7919, website: Ameriprise.com/variableannuities.

• **Investment objectives:** The investment managers and advisers cannot guarantee that the Funds will meet their investment objectives.

• **Fund name and management:** An underlying Fund in which a Subaccount invests may have a name, portfolio manager, objectives, strategies and characteristics that are the same or substantially similar to those of a publicly-traded retail mutual fund. Despite these similarities, an underlying fund is not the same as any publicly-traded retail mutual fund. Each underlying fund will have its own unique portfolio holdings, fees, operating expenses and operating results. The results of each underlying fund may differ significantly from any publicly-traded retail mutual fund.

• **Eligible purchasers:** All Funds are available to serve as underlying funds for variable annuities and variable life insurance policies. The Funds are not available to the public (see "Fund name and management" above). Some Funds also are available to serve as investment options for tax-deferred retirement plans. It is possible that in the future for tax, regulatory or other reasons, it may be disadvantageous for variable annuity accounts and variable life insurance accounts and/or tax-deferred retirement plans to invest in the available funds simultaneously. Although we and the Funds' providers do not currently foresee any such disadvantages, the boards of directors or trustees of each Fund will monitor events in order to identify any material conflicts between annuity owners, policy owners and tax-deferred retirement plans and to determine what action, if any, should be taken in response to a conflict. If a board were to conclude that it should establish separate Fund providers for the variable annuity, variable life insurance and tax-deferred retirement plan accounts, you would not bear any expenses associated with establishing separate Funds. Please refer to the Funds' prospectuses for risk disclosure regarding simultaneous investments by variable annuity, variable life insurance and tax-deferred retirement plan accounts. Each Fund intends to comply with the diversification requirements under Section 817(h) of the Code.

• **Asset allocation programs may impact Fund performance:** Asset allocation programs in general may negatively impact the performance of an underlying fund. Even if you do not participate in an asset allocation program, a Fund in which your Subaccount invests may be impacted if it is included in an asset allocation program. Rebalancing or reallocation under the terms of the asset allocation program may cause a Fund to lose money if it must sell large amounts of securities to meet a redemption request. These losses can be greater if the Fund holds securities that are not as liquid as others; for example, various types of bonds, shares of smaller companies and securities of foreign issuers. A Fund may also experience higher expenses because it must sell or buy securities more frequently than it otherwise might in the absence of asset allocation program rebalancing or reallocations. Because asset allocation programs include periodic rebalancing and may also include reallocation, these effects may occur under the asset allocation program we offer (see "Making the Most of Your Contract — Portfolio Navigator Program and Portfolio Stabilizer Funds") or under asset allocation programs used in conjunction with the contracts and plans of other eligible purchasers of the Funds.

• **Funds available under the contract:** We seek to provide a broad array of underlying funds taking into account the fees and charges imposed by each Fund and the contract charges we impose. We select the underlying funds in which the Subaccounts initially invest and when there is substitution (see "Substitution of Investments"). We also make all decisions regarding which Funds to retain in a contract, which Funds to add to a contract and which Funds will no longer be offered in a contract. In making these decisions, we may consider various objective and subjective factors. Objective factors include, but are not limited to Fund performance, Fund expenses, classes of Fund shares available, size of the Fund and investment objectives and investing style of the Fund. Subjective factors include, but are not limited to, investment sub-styles and process, management skill and history at other Funds and portfolio concentration and sector weightings. We also consider the levels and types of revenue, including but not limited to expense payments and non-cash compensation of a Fund, its distributor, investment adviser, subadviser, transfer agent or their affiliates pay us and our affiliates. This revenue includes, but is not limited to compensation for administrative services provided with respect to the Fund and support of marketing and distribution expenses incurred with respect to the Fund.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 17

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• **Money Market fund yield:** In low interest rate environments, money market fund yields may decrease to a level where the deduction of fees and charges associated with your contract could result in negative net performance, resulting in a corresponding decrease in your contract value.

• **Conflicts of Interest with Certain Funds Advised by Columbia Management.** We are an affiliate of Ameriprise Financial, Inc., which is the parent company of Columbia Management Investment Advisers, LLC (Columbia Management). Columbia Management acts as investment adviser to several funds of funds, including Portfolio Navigator and Portfolio Stabilizer funds. As such, it retains full discretion over the investment activities and investment decisions of the Funds. These funds invest in other registered mutual funds. In providing investment advisory services for the funds and the underlying funds in which those funds respectively invest, Columbia Management is, together with its affiliates, including us, subject to competing interests that may influence its decisions. These competing interests typically arise because Columbia Management Investment Advisers or one of its affiliates serves as the investment adviser to the underlying funds and may provide other services in connection with such underlying funds, and because the compensation we and our affiliates receive for providing these investment advisory and other services varies depending on the underlying fund.

• **Revenue we receive from the Funds and potential conflicts of interest:** 

***Expenses We May Incur on Behalf of the Funds*** 

When a Subaccount invests in a Fund, the Fund holds a single account in the name of the Variable Account. As such, the Variable Account is actually the shareholder of the fund. We, through our Variable Account, aggregate the transactions of numerous contract owners and submit net purchase and redemption requests to the Funds on a daily basis. In addition, we track individual contract owner transactions and provide confirmations, periodic statements, and other required mailings. These costs would normally be borne by the fund, but we incur them instead.

Besides incurring these administrative expenses on behalf of the funds, we also incur distributions expenses in selling our contracts. By extension, the distribution expenses we incur benefit the funds we make available due to contract owner elections to allocate purchase payments to the funds through the Subaccounts. In addition, the funds generally incur lower distribution expenses when offered through our Variable Account in contrast to being sold on a retail basis.

A complete list of why we may receive this revenue, as well as sources of revenue, is described in detail below.

***Payments the Funds May Make to Us*** 

We or our affiliates may receive from each of the Funds, or their affiliates, compensation including but not limited to expense payments. These payments are designed in part to compensate us for the expenses we may incur on behalf of the Funds. In addition to these payments, the Funds may compensate us for wholesaling activities or to participate in educational or marketing seminars sponsored by the Funds.

We or our affiliates may receive revenue derived from the 12b-1 fees charged by the Funds. These fees are deducted from the assets of the Funds. This revenue and the amount by which it can vary may create conflicts of interest. The amount, type, and manner in which the revenue from these sources is computed vary by Fund.

***Conflicts of Interest These Payments May Create*** 

When we determined the charges to impose under the contracts, we took into account anticipated payments from the Funds. If we had not taken into account these anticipated payments, the charges under the contract would have been higher. Additionally, the amount of payment we receive from a Fund or its affiliate may create an incentive for us to include that Fund as an investment option and may influence our decision regarding which Funds to include in the Variable Account as subaccount options for contract owners. Funds that offer lower payments or no payments may also have corresponding expense structures that are lower, resulting in decreased overall fees and expenses to shareholders.

We offer Funds managed by our affiliates Columbia Management and Columbia Wanger Asset Management, LLC (Columbia Wanger). We have additional financial incentive to offer our affiliated funds because additional assets held by them generally results in added revenue to us and our parent company, Ameriprise Financial, Inc. Additionally, employees of Ameriprise Financial, Inc. and its affiliates, including our employees, may be separately incented to include the affiliated funds in the products, as employee compensation and business unit operating goals at all levels are tied to the success of the company. Currently, revenue received from our affiliated funds comprises the greatest amount and percentage of revenue we derive from payments made by the Funds.

***The Amount of Payments We Receive from the Funds*** 

We or our affiliates receive revenue which ranges up to 0.65% of the average daily net assets invested in the Funds through this and other contracts we and our affiliates issue.

**Why revenues are paid to us:** In accordance with applicable laws, regulations and the terms of the agreements under which such revenue is paid, we or our affiliates may receive revenue, including but not limited to expense payments and non-cash compensation, for various purposes:

&nbsp;&nbsp;&nbsp;&nbsp;• Compensating, training and educating financial advisors who sell the contracts.

&nbsp;&nbsp;&nbsp;&nbsp;• Granting access to our employees whose job it is to promote sales of the contracts by authorized selling firms and their financial advisors, and granting access to financial advisors of our affiliated selling firms.

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18 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;• Activities or services we or our affiliates provide that assist in the promotion and distribution of the contracts including promoting the funds available under the contracts to contract owners, authorized selling firms and financial advisors.

&nbsp;&nbsp;&nbsp;&nbsp;• Providing sub-transfer agency and shareholder servicing to contract owners.

&nbsp;&nbsp;&nbsp;&nbsp;• Promoting, including and/or retaining the Fund's investment portfolios as underlying Funds in the contracts.

&nbsp;&nbsp;&nbsp;&nbsp;• Advertising, printing and mailing sales literature, and printing and distributing prospectuses and reports.

&nbsp;&nbsp;&nbsp;&nbsp;• Furnishing personal services to contract owners, including education of contract owners regarding the Funds, answering routine inquiries regarding a Fund, maintaining accounts or providing such other services eligible for service fees as defined under the rules of the Financial Industry Regulatory Authority (FINRA).

&nbsp;&nbsp;&nbsp;&nbsp;• Subaccounting services, transaction processing, recordkeeping and administration.

• **Sources of revenue received from affiliated funds:** The affiliated funds are managed by Columbia Management or Columbia Wanger. The sources of revenue we receive from these affiliated funds, or from the funds' affiliates, may include, but are not necessarily limited to, the following:

&nbsp;&nbsp;&nbsp;&nbsp;• Assets of the Fund's adviser, sub-adviser, transfer agent, distributor or an affiliate of these. The revenue resulting from these sources may be based either on a percentage of average daily net assets of the Fund or on the actual cost of certain services we provide with respect to the Fund. We may receive this revenue either in the form of a cash payment or it may be allocated to us.

&nbsp;&nbsp;&nbsp;&nbsp;• Compensation paid out of 12b-1 fees that are deducted from Fund assets.

• **Sources of revenue received from unaffiliated funds:** The unaffiliated funds are not managed by an affiliate of ours. The sources of revenue we receive from these unaffiliated funds, or the funds' affiliates, may include, but are not necessarily limited to, the following:

&nbsp;&nbsp;&nbsp;&nbsp;• Assets of the Fund's adviser, sub-adviser, transfer agent, distributor or an affiliate of these. The revenue resulting from these sources may be based either on a percentage of average daily net assets of the Fund or on the actual cost of certain services we provide with respect to the Fund. We receive this revenue in the form of a cash payment.

&nbsp;&nbsp;&nbsp;&nbsp;• Compensation paid out of 12b-1 fees that are deducted from Fund assets.

The "Nonunitized" Separate Account and the Guarantee Period Accounts (GPAs)

**The "Nonunitized" separate account:** We hold amounts You allocate to the GPAs in a "nonunitized" separate account, which is maintained by Us and segregated from our general assets and the Variable Account. This separate account provides an additional measure of assurance that We will make full payment of amounts due under the GPAs. Unlike the Variable Account (i.e., a unitized separate account), which has subaccounts and accumulation units, We own the assets of this separate account as well as any favorable investment performance of those assets. You do not participate in the performance of the assets held in this separate account. We guarantee all benefits relating to Your value in the GPAs. This guarantee is based on the continued claims-paying ability of the company's general account. See "The General Account" for more information.

**The GPAs:** The contract currently offers GPAs that earn fixed interest during guarantee periods ranging from 1 to 10 years. The available guarantee periods may vary by state. The GPAs may not be available for contracts in some states. Information regarding each GPA, including (i) its name, and (ii) its term may be found in Appendix A to this prospectus.

Currently, unless you have a living benefit rider or the PN program is in effect, you may allocate purchase payments to one or more of the GPAs. The required minimum investment in each GPA is $1,000. These accounts are not offered after the annuitization start date. Each GPA pays an interest rate that is declared at the time of Your allocation to that account. Interest is credited daily. That interest rate is fixed for the guarantee period that You chose. We may periodically change the declared interest rate for any future allocations to these accounts, but We will not change the rate paid on any Contract Value already allocated to a GPA. The interest rates that We will declare as guaranteed rates in the future are determined by us at our discretion. These rates generally will be based on factors including, but not limited to, the interest rate environment, returns earned on investments backing these annuities, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition, and RiverSource Life's revenues and expenses. Contact our Service Center at the number listed on the cover page of this prospectus for current interest rates.

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. 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),

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 19

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(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. We will not apply an MVA to Contract Value You transfer or surrender out of the GPAs during the 30-day period ending on the last day of the guarantee period. For more information about the MVA, see "Charges and Adjustments – Adjustments – Market Value Adjustments."

During the 30 day window which precedes the end of Your GPA investment's guarantee period, You may elect one of the following options: (i) reinvest the Contract Value in a new GPA with the same guarantee period; (ii) transfer the Contract Value to a GPA with a different guarantee period; (iii) transfer the Contract Value to any of the subaccounts or the regular Fixed Account, or surrender the Contract Value (subject to applicable surrender and transfer provisions). We will send You a letter prior to the end of Your guarantee period that lists the available GPAs or You can contact our Service Center at the number listed on the cover page of this prospectus for the GPAs currently available to You. If We do not receive any instructions by the end of Your guarantee period, We will automatically transfer the Contract Value into the shortest GPA term offered in Your state.

The General Account

The general account includes all assets owned by RiverSource Life, other than those in the Variable Account and our other separate accounts. Subject to applicable state law, we have sole discretion to decide how assets of the general account will be invested. The assets held in our general account support the guarantees under your contract including any optional benefits offered under the contract. These guarantees are subject to the claims-paying ability and financial strength of RiverSource Life. You should be aware that our general account is exposed to many of the same risks normally associated with a portfolio of fixed-income securities including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of annuities and financial instruments and products as well, and these obligations are satisfied from the assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. The fixed account is supported by our general account that we make available under the contract.

The Fixed Account

Amounts allocated to the fixed account are part of our general account. The fixed account includes the regular fixed account and the Special DCA fixed account. We credit interest daily on amounts you allocate to the fixed account at rates we determine from time to time at our discretion. Interest rates credited in excess of the guaranteed rate generally will be based on various factors related to future investment earnings. The guaranteed minimum interest rate on amounts invested in the fixed account may vary by state and contract issue year, but it will be shown on your Contract Data page and will not be lower than the minimum allowed under state law. We back the principal and interest guarantees relating to the fixed account. These guarantees are subject to the creditworthiness and continued claims-paying ability of RiverSource Life. Information regarding each fixed account option, including (i) its name, (ii) its term, and (iii) its historical minimum guaranteed interest rates may be found in Appendix A to this prospectus.

One year after receipt of each purchase payment or transfer, the rate for the payment or transfer amount, and its accumulated interest, may change. Interest will accrue at revised rates determined by us and at our discretion. These rates may be based on various factors including, but not limited to, the interest rate environment, returns earned on investments backing these annuities, the rates currently in effect for new and existing company annuities, product design, competition, and the company's revenues and expenses. However, the rate will never be less than the fixed account minimum interest rate required under state law. Your interest rate for each purchase payment or transfer will never change more frequently than annually.

Because of exemptive and exclusionary provisions, we have not registered interests in the fixed account as securities under the Securities Act of 1933 nor have any of these accounts been registered as investment companies under the Investment Company Act of 1940. Accordingly, neither the fixed account nor any interests in the fixed account are subject to the provisions of these Acts.

The fixed account has not been registered with the SEC. Disclosures regarding the fixed account, however, are subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of statements made in a prospectus.

The Regular Fixed Account

For *RAVA 5 Advantage* and *RAVA 5 Select*, unless the PN program is in effect, you also may allocate purchase payments or transfer contract value to the regular fixed account. For RAVA 5 Access contracts, you cannot allocate purchase payments or transfer contract value to the regular fixed account unless it is included in the investment option you selected under the PN program. Under the current PN program, the regular fixed account is not included in the investment options. The value of the regular fixed account increases as we credit interest to the account. We credit and compound interest daily based on a 365-day year (366 in a leap year) so as to produce the annual effective rate which

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20 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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we declare. The interest rate we apply to each purchase payment or transfer to the regular fixed account is guaranteed for one year. Thereafter, we will change the rates from time to time at our discretion, but your interest rate for each purchase payment or transfer will never change more frequently than annually. There are restrictions on transfers from this account and may be restrictions on the amount you can allocate to this account (See "Making the Most of Your Contract — Transfer Policies.")

The Special DCA Fixed Account

You may allocate purchase payments to the Special DCA fixed account. You may not transfer contract value to the Special DCA fixed account.

You may allocate your entire purchase payment to the Special DCA fixed account for a term of six or twelve months. We reserve the right to offer shorter or longer terms for the Special DCA fixed account.

In accordance with your investment instructions, we transfer amounts from the Special DCA fixed account to the subaccounts or PN program investment option you select monthly so that, at the end of the Special DCA fixed account term, the balance of the Special DCA fixed account is zero. The amount of each transfer equals the remaining Special DCA fixed account value on the date of the transfer divided by the number of remaining transfers in the program. You may not change the amount of transfers. The first Special DCA monthly transfer occurs one day after we receive your payment. You may not use the regular fixed account or any GPA as a destination for the Special DCA monthly transfer.

The value of the Special DCA fixed account increases when we credit interest to the Special DCA fixed account, and decreases when we make monthly transfers from the Special DCA fixed account. When you allocate a purchase payment to the Special DCA fixed account, the interest rates applicable to that purchase payment will be the rates in effect for the Special DCA fixed account term you choose on the date we receive your purchase payment. The applicable interest rate is guaranteed for the length of the term for the Special DCA fixed account term you choose. We credit and compound interest daily based on a 365-day year (366 in a leap year) so as to produce the annual effective rate which we declare. We credit interest only on the declining balance of the Special DCA fixed account; we do not credit interest on amounts that have been transferred from the Special DCA fixed account. As a result, the net effective interest rates we credit will be less than the declared annual effective rates. Generally, we will credit the Special DCA fixed account with interest at the same annual effective rate we apply to the regular fixed account on the date we receive your purchase payment, regardless of the length of the term you select. From time to time, we may credit interest to the Special DCA fixed account at promotional rates that are higher than those we credit to the regular fixed account. We reserve the right to declare different annual effective rates:

• for the Special DCA fixed account and the regular fixed account; and

• for the Special DCA fixed accounts with terms of differing length.

Alternatively, you may allocate your purchase payment to any combination of the following which equals one hundred percent of the amount you invest:

• the Special DCA fixed account for a six-month term;

• the Special DCA fixed account for a twelve-month term;

• the PN program investment option in effect;

• if no PN program investment option is in effect, to the regular fixed account, the GPAs and/or the subaccounts, subject to investment minimums and other restrictions we may impose on investments in the regular fixed account and the GPAs.

Once you establish a Special DCA fixed account, you cannot allocate additional purchase payments to it. However, you may establish another Special DCA fixed account and allocate new purchase payments to it.

If you participate in the PN program, and you change to a different PN program investment option while a Special DCA fixed account term is in progress, we will allocate transfers from the Special DCA fixed account to your newly-elected PN program investment option.

If your contract permits and you discontinue your participation in the PN program while a Special DCA fixed account term is in progress, we will allocate transfers from your Special DCA fixed account for the remainder of the term to the subaccounts in accordance with your current Special DCA fixed account allocation instructions. If your current Special DCA fixed account allocation instructions include a fund to which allocations are restricted and you do not provide new instructions, we will transfer prorated amounts to the valid portion of your allocation instruction.

You may discontinue any Special DCA fixed account before the end of its term by giving us notice. If you do so, we will transfer the remaining balance of the Special DCA fixed account to the PN program investment option in effect, or if no PN program investment option is in effect, in accordance with your investment instructions to us to the regular fixed account, if available, the GPAs and/or the subaccounts, subject to investment minimums and other restrictions we may impose on investments in the regular fixed account and the GPAs, including but not limited to, any limitations described in this prospectus on transfers (see "Transfer Policies").

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 21

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Dollar-cost averaging from the Special DCA fixed account does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. For an example of how Special DCA dollar-cost averaging works, see table below showing the Special DCA fixed account for a six-month term.

**How Special dollar-cost averaging works** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| By spreading the investment<br> over the term of the<br> Special DCA<br>|  | **Date** | &nbsp;&nbsp; **SDCA**<br> **Balance**<br>| &nbsp;&nbsp; **Portion**<br> **Transferred**<br>| &nbsp;&nbsp; **Amount**<br> **Transferred**<br>| &nbsp;&nbsp; **Accumulation**<br> **unit value**<br>| &nbsp;&nbsp; **Number**<br> **of units**<br> **purchased**<br>|
| you automatically buy<br> more units when the<br> per unit market price is low |  | &nbsp;&nbsp;&nbsp; Jan 15th | &nbsp;&nbsp;&nbsp; $5000.00 |  |  |  |  |
| you automatically buy<br> more units when the<br> per unit market price is low |  | &nbsp;&nbsp;&nbsp; Jan 16th | &nbsp;&nbsp;&nbsp; 5000.14 | &nbsp;&nbsp;&nbsp; 1/6 | &nbsp;&nbsp;&nbsp; $833.36 | &nbsp;&nbsp;&nbsp; $18 | &nbsp;&nbsp;&nbsp;&nbsp;46.30 |
| you automatically buy<br> more units when the<br> per unit market price is low | &nbsp;&nbsp; → | &nbsp;&nbsp;&nbsp; Feb 16th | &nbsp;&nbsp;&nbsp; 4170.30 | &nbsp;&nbsp;&nbsp; 1/5 | &nbsp;&nbsp;&nbsp;&nbsp;834.06 | &nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;55.60 |
| and fewer units<br> when the per unit<br> market price is high. |  | &nbsp;&nbsp;&nbsp; Mar 16th | &nbsp;&nbsp;&nbsp; 3338.79 | &nbsp;&nbsp;&nbsp; 1/4 | &nbsp;&nbsp;&nbsp;&nbsp;834.70 | &nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp;43.93 |
| and fewer units<br> when the per unit<br> market price is high. |  | &nbsp;&nbsp;&nbsp; April 16th | &nbsp;&nbsp;&nbsp; 2506.20 | &nbsp;&nbsp;&nbsp; 1/3 | &nbsp;&nbsp;&nbsp;&nbsp;835.40 | &nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp;49.14 |
| and fewer units<br> when the per unit<br> market price is high. | &nbsp;&nbsp; → | &nbsp;&nbsp;&nbsp; May 16th | &nbsp;&nbsp;&nbsp; 1672.17 | &nbsp;&nbsp;&nbsp; 1/2 | &nbsp;&nbsp;&nbsp;&nbsp;836.09 | &nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp;39.81 |
|  |  | &nbsp;&nbsp;&nbsp; Jun 16th | &nbsp;&nbsp;&nbsp;&nbsp;836.79 | &nbsp;&nbsp;&nbsp; 1/1 | &nbsp;&nbsp;&nbsp;&nbsp;836.79 | &nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp;41.84 |

---

You paid an average price of $18.11 per unit over the 6 months, while the average market price actually was $18.33.

Buying Your Contract

New contracts as described in this prospectus are not currently being offered. We are required by law to obtain personal information from you which we used to verify your identity. If you do not provide this information we reserve the right to refuse to issue your contract or take other steps we deem reasonable. As the owner, you have all rights and may receive all benefits under the contract. You can own a qualified or nonqualified annuity. Generally, you can own a nonqualified annuity in joint tenancy with rights of survivorship only in spousal situations. You cannot own a qualified annuity in joint tenancy. You can buy a contract if you are 90 or younger.

When you applied, you may have selected (if available in your state):

• GPAs, the regular fixed account<sup>(1)</sup>, subaccounts and/or the Special DCA fixed account in which you want to invest;

• how you want to make purchase payments;

• a beneficiary;

• under *RAVA 5 Advantage*, the length of the surrender charge period (seven or ten years);

• one of the following optional death benefit riders:

–

ROPP Death Benefit (available if you are age 80 or older);

–

MAV Death Benefit;

–

5-Year MAV Death Benefit;

–

5% Accumulation Death Benefit; or

–

Enhanced Death Benefit.

• One of the following additional optional death benefit riders:

–

Benefit Protector Death Benefit<sup>(2)</sup>; or

–

Benefit Protector Plus Death Benefit<sup>(2)</sup>;

• one of the following optional living benefit riders:

–

Accumulation Protector Benefit<sup>(3)</sup>; or

–

*SecureSource Stages* 2.

<sup>(1)</sup>

For RAVA 5 Access contracts, you cannot select the regular fixed account unless it is included in a PN program investment option you selected. Under the current PN program, the regular fixed account is not included in the investment options.

<sup>(2)</sup>

Not available with the 5% Accumulation or Enhanced Death Benefits.

<sup>(3)</sup>

Not available for contract applications signed on or after Feb. 27, 2012.

The contracts provide for allocation of purchase payments to the subaccounts of the variable account, to the GPAs, to the regular fixed account (if available) and/or to the Special DCA fixed account subject to the $1,000 required minimum investment for the GPAs. We currently allow you to allocate the total amount of purchase payment to the regular fixed account for *RAVA 5 Advantage* and *RAVA 5 Select*. We reserve the right to limit purchase payment allocations to the regular fixed account at any time on a non-discriminatory basis with notification, subject to state restrictions. You cannot allocate purchase payments to the fixed account for six months following a partial surrender from the fixed account, a lump sum transfer from the regular fixed account, or termination of automated transfers from the Special DCA fixed account prior to the end of the Special DCA fixed account term. For *RAVA 5 Access* contracts, you cannot allocate

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22 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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purchase payments to the regular fixed account unless it is included in a PN program investment option you selected. Under the current PN program, the regular fixed account is not included in the investment options. (See "Purchase Payments.")

If your application is complete, we will process it and apply your purchase payment to your investment selections within two business days after we receive it at our Service Center. If we accept your application, we will send you a contract. If your application is not complete, you must give us the information to complete it within five business days. If we cannot accept your application within five business days, we will decline it and return your payment unless you specifically ask us to keep the payment and apply it once your application is complete.

We will credit additional eligible purchase payments you make to your accounts on the valuation date we receive them. If we receive an additional purchase payment at our Service Center before the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the valuation date we received the payment. If we receive an additional purchase payment at our Service Center at or after the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the next valuation date after we received the payment.

You may make regular payments to your contract under a scheduled payment plan. Initial purchase payments are $1,000, $2,000 or $10,000 depending on the product and tax qualification (see "Buying Your Contract — Purchase Payments"). Then, to begin the scheduled payment plan, you will complete and send a form and your first scheduled payment plan payment along with your application. There is no charge for the scheduled payment plan. You can stop your scheduled payment plan payments at any time.

**Householding and delivery of certain documents** 

With your prior consent, RiverSource Life and its affiliates may use and combine information concerning accounts owned by members of the same household and provide a single paper or electronic copy of certain documents to that household. This householding of documents may include prospectuses, supplements, annual reports, semiannual reports and proxies. Your authorization remains in effect unless we are notified otherwise. If you wish to continue receiving multiple copies of these documents, you can opt out of householding by calling us at 1.866.273.7429. Multiple mailings will resume within 30 days after we receive your opt out request.

**Contract Exchanges** 

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. <br>Generally, you can exchange one nonqualified annuity for another or for a qualified long-term care insurance policy in a "tax-free" exchange under Section 1035 of the Code. You can also do a partial exchange from one nonqualified annuity contract to another annuity contract, subject to Internal Revenue Service (IRS) rules. You also generally can exchange a life insurance policy for a nonqualified annuity. However, before making an exchange, you should compare both contracts carefully because the features and benefits may be different. Fees and charges may be higher or lower on your old contract than on the new contract. You may have to pay a surrender charge when you exchange out of your old contract and a new surrender charge period may begin when you exchange into the new contract. If the exchange does not qualify for Section 1035 treatment, you also may have to pay federal income tax on the distribution. State income taxes may also apply. You should not exchange your old contract for the new contract or buy the new contract in addition to your old contract, unless you determine it is in your best interest. (See "Taxes — 1035 Exchanges.")

Purchase Payments

Purchase payment amounts and purchase payment timing may vary by state and be limited under the terms of the contract.

**Minimum initial purchase payments** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***RAVA 5 Advantage*** | ***RAVA 5 Select*** | ***RAVA 5 Access*** |
| Qualified annuities | &nbsp;&nbsp;&nbsp; $1000 | &nbsp;&nbsp;&nbsp; $2000 | &nbsp;&nbsp;&nbsp; $2000 |
| Nonqualified annuities | &nbsp;&nbsp;&nbsp; $2000 | &nbsp;&nbsp;&nbsp; $10000 | &nbsp;&nbsp;&nbsp; $10000 |

---

**Minimum additional purchase payments** 

**$50** 

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 23

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**Maximum total purchase payments\*** (without our approval) based on your age on the effective date of the payment:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For the first year and total: <br> through age 85<br>| $1000000 |
| for ages 86 to 90 | $100000 |
| age 91 or older | $0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For each subsequent year: <br> through age 85<br>| $100000 |
| for ages 86 to 90 | $50000 |
| age 91 or older | $0 |

---

For RAVA 5 Access: According to our current administrative practice, the Maximum Total Purchase Payments for the first year and total are increased to $3,000,000 through age 75 and $1,000,000 for ages 76 to 90.

\*

These limits apply in total to all RiverSource Life annuities you own unless a higher amount applies to your contract. We reserve the right to waive or increase the maximum limit. For qualified annuities, the Code's limits on annual contributions also apply. Additional purchase payments for inherited IRA contracts cannot be made unless the payment is IRA money inherited from the same decedent.

<u>Additional purchase payment restrictions for contracts with the Accumulation Protector Benefit rider</u> 

Additional purchase payments for contracts with the Accumulation Protector Benefit rider are not allowed during the waiting period except for the first 180 days (1) immediately following the effective date and (2) following the last contract anniversary for each elective step up.

<u>Additional purchase payment restrictions for contracts with the</u> *<u>SecureSource Stages 2</u>* <u>rider</u> 

Effective on May 24, 2021, no additional purchase payments are allowed for contracts with application sign dates after Feb. 27, 2012.

Effective Feb. 27, 2012, no additional purchase payments are allowed for contract applications signed prior to Feb. 27, 2012.

Certain exceptions apply for Qualified annuities and the following additional purchase payments will be allowed:

Current tax year contributions for Tax Sheltered Annuities (TSA) under Section 403(b) of the Internal Revenue Code of 1986 (the Code) and Custodial and investment only plans under Section 401(a) of the Code, up to the annual limit set by the Internal Revenue Service (IRS).

Prior and current tax year contributions up to the annual limit set up by the IRS for any Qualified Accounts except TSA and 401(a). This annual limit applies to Individual Retirement Accounts (IRAs), Roth IRAs, SIMPLE IRAs and Simplified Employee Pension IRA (SEP) plans.

The rider also prohibits additional purchase payments while the rider is effective, if (1) you decline a rider fee increase, or (2) the Annual Lifetime Payment (ALP) is established and your contract value on an anniversary is less than four times the ALP. (For the purpose of this calculation only, the ALP is determined using percentage B, as described under "Optional Living Benefits — *SecureSource Stages 2* Riders.")

We reserve the right to change these current rules at any time, subject to state restrictions.

How to Make Purchase Payments

**1 Electronically**

• Our Service Center or your financial advisor can help you to move money electronically.

• You can use the secure site at ameriprise.com or the Ameriprise Financial app if you are an Ameriprise client.

**2 By letter** <br> **Send your check along with your name and contract number to:**

**RiverSource Life Insurance Company** <br>**70200 Ameriprise Financial Center** <br>**Minneapolis, MN 55474** 

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24 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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Limitations on Use of Contract

If mandated by applicable law, including but not limited to, federal anti-money laundering laws, we may be required to reject a purchase payment. We may also be required to block an owner's access to contract values and satisfy other statutory obligations. Under these circumstances, we may refuse to implement requests for transfers, surrenders or death benefits until instructions are received from the appropriate governmental authority or court of competent jurisdiction.

The Annuitization Start Date

Annuity payouts begin on the annuitization start date. This means that the contract will be annuitized (converted to a stream of monthly payments). If your contract is annuitized, the contract goes into payout and only the annuity payout provisions continue. You will no longer have access to your contract value. This means that the death benefit and any optional benefits you have elected will end. When we process your application, we will establish the annuitization start date to be the maximum age (or contract anniversary if applicable). You also can change the annuitization start date, provided you send us written instructions at least 30 days before annuity payouts begin.

The annuitization start date must be:

• no earlier than the 30th day after the contract's effective date; and no later than

• the owner's 95th birthday or the tenth contract anniversary, if later,

• or such other date as agreed to by us but not later than the owner's 105th birthday.

Six months prior to your annuitization start date, we will contact you with your options including the option to postpone your annuitization start date to a future date. You can also choose to delay the annuitization of your contract to a date beyond age 95, to the extent allowed by applicable state law and tax laws.

If you do not make an election, annuity payouts using the contract's default option of annuity payout Plan B — Life Income with 10 years certain will begin on the annuitization start date and your monthly annuity payments will continue for as long as the annuitant lives. If the annuitant does not survive 10 years, we will continue to make payments until 10 years of payments have been made (see "The Annuity Payout Period – Annuity Payout Plans").

Generally, if you own a qualified annuity (for example, an IRA) and tax laws require that you take distributions from your annuity prior to your annuitization start date, your contract will not be automatically annuitized (subject to state requirements). However, if you choose, you can elect to request annuitization or take partial surrenders to meet your required minimum distributions.

Please see "*SecureSource Stages 2* — Other Provisions" section regarding options under this rider at the annuitization start date.

Beneficiary

We will pay to your named beneficiary the death benefit if it becomes payable while the contract is in force and before the annuitization start date. If there is more than one beneficiary we will pay each beneficiary's designated share when we receive their completed claim. A beneficiary will bear the investment risk of the Variable Account until we receive the beneficiary's completed claim. If there is no named beneficiary, then the default provisions of your contract will apply. (See "Benefits in Case of Death" for more about beneficiaries.)

If you select *SecureSource Stages 2* — Joint Life rider, please consider carefully whether or not you wish to change the beneficiary of your annuity contract. The rider will terminate if the surviving covered spouse cannot utilize the spousal continuation provision of the contract when the death benefit is payable.

Charges and Adjustments

Transaction Expenses

Surrender Charge

If You surrender all or part of Your contract before the annuitization start date, We may deduct a surrender charge from the contract value that is surrendered. For *RAVA 5 Advantage*, a surrender charge applies if all or part of the surrender amount is from purchase payments We received within seven or ten years before surrender. You select the surrender charge period at the time of Your application for the contract. For *RAVA 5 Select*, a surrender charge applies if You surrender all or part of Your contract value in the first four contract years. There is no surrender charge for *RAVA 5 Access*. The surrender charge helps Us cover sales and distribution expenses. The surrender charge percentages that apply to You are shown in Your contract.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 25

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If You are buying a new contract as an inherited IRA, please consider carefully Your surrender charge selection. Surrender charges for an inherited IRA are only waived for life time RMD amounts, not for a 5 year distribution.

You may surrender an amount during any contract year without a surrender charge. We call this amount the total free amount (FA). The FA varies depending on whether Your contract includes the *SecureSource Stages* 2 rider. Contract earnings are defined as contract value (the sum of the contract value in the Regular Fixed Account, contract value in the Special DCA Fixed Account, contract value in the Variable Account, and contract value in the GPAs), less purchase payments not previously surrendered, but not less than zero.

**Contract without *SecureSource Stages* 2 rider** 

The FA is the greater of:

• 10% of the contract value on the prior contract anniversary, less any prior surrenders taken in the current contract year; or

• current contract earnings.

During the first contract year, the FA is the greater of:

• 10% of all purchase payments applied prior to Your surrender request, less any amounts surrendered prior to Your surrender request that represent the FA; or

• current contract earnings.

**Contract with *SecureSource Stages* 2 rider** 

The FA is the greatest of:

• 10% of the contract value on the prior contract anniversary less any prior surrenders taken in the current contract year;

• current contract earnings; or

• the Remaining Annual Lifetime Payment.

During the first contract year, the FA is the greatest of:

• 10% of all purchase payments applied prior to Your surrender request, less any amounts surrendered prior to Your surrender request that represent the FA;

• current contract earnings; or

• the Remaining Annual Lifetime Payment.

Amounts surrendered in excess of the FA may be subject to a surrender charge as described below.

**<u>Surrender charge under</u> *<u>RAVA 5 Advantage:</u>*** 

A surrender charge will apply if the amount You surrender includes any of Your prior purchase payments that are still within their surrender charge schedule. To determine whether Your surrender includes any of Your prior purchase payments that are still within their surrender charge schedule, We surrender amounts from Your contract in the following order:

1. First, We surrender the FA. Contract earnings are surrendered first, followed by purchase payments. We do not assess a surrender charge on the FA. We surrender payments that are considered part of the FA on a first-in, first-out (FIFO) basis.

2. Next, We surrender purchase payments received that are beyond the surrender charge period shown in Your contract. We surrender these payments on a FIFO basis. We do not assess a surrender charge on these payments.

3. Finally, We surrender any additional purchase payments received that are still within the surrender charge period shown in Your contract. We surrender these payments on a FIFO basis. We do assess a surrender charge on these payments.

The amount of purchase payments surrendered is calculated using a prorated formula based on the percentage of contract value being surrendered. As a result, the amount of purchase payments surrendered may be greater than the amount of contract value surrendered.

We determine Your surrender charge by multiplying each of Your payments surrendered which could be subject to a surrender charge by the applicable surrender charge percentage and then adding the total surrender charges. For more information on how these charges are calculated, see Appendix B.

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26 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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The surrender charge percentage depends on the number of years since You made the payments that are surrendered, depending on the schedule You selected, as shown in the table below:

---

| | | | |
|:---|:---|:---|:---|
| **Seven-year schedule** | **Seven-year schedule** | **Ten-year schedule** | **Ten-year schedule** |
| &nbsp;&nbsp;&nbsp; **Number of completed years from**<br> **date of each purchase payment**<br>| &nbsp;&nbsp; **Surrender charge**<br> **percentage applied to**<br> **each purchase payment**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Number of completed years from**<br> **date of each purchase payment**<br>| &nbsp;&nbsp; **Surrender charge**<br> **percentage applied to**<br> **each purchase payment**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 8<br> %<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 7 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 6 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 5 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 4 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7<br> +<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10<br> +<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0 |

---

**<u>Surrender charge under</u> *<u>RAVA 5 Select</u>*<u>:</u>** 

A surrender charge will apply if You surrender some or all of Your contract value during the first four contract years. The surrender charge amount is determined by multiplying purchase payments surrendered which could be subject to a surrender charge by the applicable surrender charge percentage. To determine whether Your surrender includes any of Your prior purchase payments that are still within their surrender charge schedule, We surrender amounts from Your contract in the following order:

1. First We surrender the FA. Contract earnings are surrendered first, followed by purchase payments. We do not assess a surrender charge on the FA.

2. Next, if necessary, We surrender purchase payments. We do assess a surrender charge on these payments during the first four contract years.

The amount of purchase payments surrendered is calculated using a prorated formula based on the percentage of contract value being surrendered. As a result, the amount of purchase payments surrendered may be greater than the amount of contract value surrendered.

We determine Your surrender charge by multiplying purchase payments surrendered which could be subject to a surrender charge by the applicable surrender charge percentage. For more information on how these charges are calculated, see Appendix B.

The surrender charge percentage depends on the number of years since the contract was issued.

---

| | |
|:---|:---|
| **Contract Year** | **Surrender charge percentage**<br> **applied to purchase payments**<br>|
| 1 | &nbsp;&nbsp;&nbsp; 7<br> %<br>|
| 2 | &nbsp;&nbsp;&nbsp; 6 |
| 3 | &nbsp;&nbsp;&nbsp; 5 |
| 4 | &nbsp;&nbsp;&nbsp; 4 |
| 5+ | &nbsp;&nbsp;&nbsp; 0 |

---

There are no surrender charges on and after the fourth contract anniversary.

**<u>Surrender charge under</u> *<u>RAVA 5 Access:</u>*** 

There is no surrender charge if You surrender all or part of Your contract.

**<u>Partial surrenders:</u>** 

For a partial surrender, We will determine the amount of contract value that needs to be surrendered, which after any surrender charge and any positive or negative market value adjustment, will equal the amount You request.

For an example, see Appendix B.

**Waiver of surrender charges** 

We do not assess surrender charges for:

• surrenders each year that represent the total free amount for that year;

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 27

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• required minimum distributions from a qualified annuity to the extent that they exceed the free amount. The amount on which surrender charges are waived can be no greater than the RMD amount calculated under Your specific contract currently in force. Surrender charges for an inherited IRA are only waived for life time RMD amounts, not for a 5 year distribution;

• amounts applied to an annuity payment plan (Exception: As described below, if You select annuity payout Plan E, and choose later to surrender the value of Your remaining annuity payments, We will assess a surrender charge.)

• surrenders made as a result of one of the "Contingent events" described below to the extent permitted by state law. Waiver of surrender charges for Contingent events will not apply to Tax Free Exchanges, rollovers and transfers to another annuity contract;

• amounts We refund to You during the free look period; and

• death benefits.

**Contingent events** 

• Surrenders You make if You are confined to a hospital or nursing home and have been for the prior 60 days or confinement began within 30 days following a 60 day confinement period. Such confinement must begin after the contract issue date. Your contract will include this provision when You are under age 76 at contract issue. You must provide Us with a letter containing proof satisfactory to Us of the confinement as of the date You request the surrender. We must receive Your surrender request no later than 91 days after Your release from the hospital or nursing home. The amount surrendered must be paid directly to You.

• Surrenders You make if You are disabled with a medical condition and are diagnosed in the second or later contract years, with reasonable medical certainty, that the disability will result in death within 12 months or less from the date of the diagnosis. You must provide Us with a licensed physician's statement containing the terminal illness diagnosis, the expected date of death and the date the terminal illness was initially diagnosed. The amount surrendered must be paid directly to You.

**Liquidation charge under Annuity Payout Plan E — Payouts for a specified period:** If You are receiving variable annuity payments under this annuity payout plan, You can choose to surrender those payments. The amount that You can surrender is the present value of any remaining variable payouts. The discount rate We use in the calculation will be 5.17% if the assumed investment return is 3.5% and 6.67% if the assumed investment return is 5%. The liquidation charge equals the present value of the remaining payouts using the assumed investment return minus the present value of the remaining payouts using the discount rate.

**Fixed Payouts: Surrender charge under annuity payout plans allowing surrenders of the present value of remaining guaranteed payouts:** If You elect an annuity payout plan on a fixed basis and the plan We make available provides a liquidity feature permitting You to surrender any portion of the underlying value of remaining guaranteed payouts, a surrender charge may apply.

A surrender charge will be assessed against the present value of any remaining guaranteed payouts surrendered. The discount rate We use in determining present values varies based on: (1) the contract value originally applied to the fixed annuitization; (2) the remaining years of guaranteed payouts; (3) the annual effective interest rate and periodic payment amount for new immediate annuities of the same duration as the remaining years of guaranteed payouts; and (4) the interest spread (currently 1.50%). If We do not currently offer immediate annuities, We will use rates and values applicable to new annuitizations to determine the discount rate.

Once the discount rate is applied and We have determined the present value of the remaining guaranteed payouts You are surrendering, the present value determined will be multiplied by the surrender charge percentage in the table below and deducted from the present value to determine the net present value You will receive.

---

| | |
|:---|:---|
| **Number of Completed Years Since Annuitization** | **Surrender charge percentage** |
| 0 | Not applicable\* |
| 1 | 5% |
| 2 | 4 |
| 3 | 3 |
| 4 | 2 |
| 5 | 1 |
| 6 and thereafter | 0 |

---

\*We do not permit surrenders in the first year after annuitization.

We will provide a quoted present value (which includes the deduction of any surrender charge). You must then formally elect, in a form acceptable to Us, to receive this value. The remaining guaranteed payouts following surrender will be reduced, possibly to zero.

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28 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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**Other information on charges:** Ameriprise Financial, Inc. makes certain custodial services available to some profit sharing, money purchase and target benefit plans funded by our annuities. Fees for these services start at $30 per calendar year per participant. Ameriprise Financial, Inc. will charge a termination fee for owners under age 59½ (fee waived in case of death or disability).

**Possible group reductions:** In some cases We may incur lower sales and administrative expenses due to the size of the group, the average contribution and the use of group enrollment procedures. In such cases, We may be able to reduce or eliminate certain charges such as the contract administrative and surrender charges. However, We expect this to occur infrequently.

Annual Contract Expenses

Base Contract Expenses

Base Contract Expenses consist of the contract administrative charge and mortality and expense risk fee.

Contract Administrative Charge

We charge this fee for establishing and maintaining your records. Currently, we deduct $50\*\* from your contract value on your contract anniversary or, if earlier, when the contract is fully surrendered. We prorate this charge among the GPAs, the fixed account and the subaccounts in the same proportion your interest in each account bears to your total contract value.

We will waive this charge when your contract value is $50,000 or more on the current contract anniversary. We reserve the right to charge up to $20 after the first contract anniversary for contracts with contract value of $50,000 or more.

If you take a full surrender of your contract, we will deduct the charge at the time of surrender regardless of the contract value. This charge does not apply to amounts applied to an annuity payment plan or to the death benefit (other than when deducted from the Full Surrender Value component of the death benefit).

\*\* Prior to May 4, 2020, the annual contract administrative charge was $30.

Mortality and Expense Risk Fee

We charge this fee daily to the Subaccounts as a percentage of the daily contract value in the Variable Account. The unit values of your subaccounts reflect this fee. These fees cover the mortality and expense risk that we assume. These fees do not apply to the GPAs or the Fixed Account. The fees listed below are the current fees and they cannot be changed.

The mortality and expense risk fee you pay is based on the product you choose, and the surrender charge schedule that applies to your contract.

---

| | |
|:---|:---|
| **RAVA 5 Advantage**<br> **ten-year schedule**<br>| &nbsp;&nbsp;&nbsp; **Maximum/Current:** <br> 0.85%<br>|
| **RAVA 5 Advantage**<br> **seven-year schedule**<br>| &nbsp;&nbsp;&nbsp; **Maximum/Current:** <br> 0.95%<br>|
| **RAVA 5 Select** | &nbsp;&nbsp;&nbsp; **Maximum/Current:** <br> 1.20%<br>|
| **RAVA 5 Access** | &nbsp;&nbsp;&nbsp; **Maximum/Current:** <br>1.35%<br>|

---

You may select one of the following optional death benefit riders for an additional fee.

---

| | |
|:---|:---|
| **ROPP Death Benefit**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp; **Maximum/Current:** <br> 0.35%<br>|
| **MAV Death Benefit** | &nbsp;&nbsp;&nbsp; **Maximum/Current:** <br> 0.25%<br>|
| **5-year MAV Death Benefit** | &nbsp;&nbsp;&nbsp; **Maximum/Current:** <br> 0.10%<br>|
| **5% Accumulation Death Benefit** | &nbsp;&nbsp;&nbsp; **Maximum/Current:** <br> 0.40%<br>|
| **Enhanced Death Benefit** | &nbsp;&nbsp;&nbsp; **Maximum/Current:** <br> 0.45%<br>|

---

If you choose one of the above optional death benefits, we will add the rider fee to your mortality and expense risk fee.

<sup>(1)</sup>

Only available for purchase as an optional rider for ages 80 or older on the rider effective date.

Mortality risk arises because of our guarantee to pay a death benefit and our guarantee to make annuity payouts according to the terms of the contract, no matter how long a specific owner or annuitant lives and no matter how long our entire group of owners or annuitants live. If, as a group, owners or annuitants outlive the life expectancy we assumed in our actuarial tables, we must take money from our general assets to meet our obligations. If, as a group,

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 29

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owners or annuitants do not live as long as expected, we could profit from the mortality risk fee. We deduct the mortality risk fee from the subaccounts during the annuity payout period even if the annuity payout plan does not have a life contingent payment.

Expense risk arises because we cannot increase the contract administrative charge (except for contracts with contract value of $50,000 or more, where we reserve the right to charge a contract administrative change up to $20 after the first contract anniversary) and this charge may not cover our expenses. We would have to make up any deficit from our general assets. We could profit from the expense risk fee if future expenses are less than expected.

The subaccounts pay us the mortality and expense risk fee they accrued as follows:

• first, to the extent possible, the subaccounts pay this fee from any dividends distributed from the funds in which they invest;

• then, if necessary, the funds redeem shares to cover any remaining fees payable.

We may use any profits we realize from the subaccounts' payment to us of the mortality and expense risk fee for any proper corporate purpose, including, among others, payment of distribution (selling) expenses. We do not expect that the surrender charge for *RAVA 5 Advantage* or *RAVA 5 Select*, discussed in the "Charges and Adjustments – Transaction Expenses – Surrender Charge", will cover sales and distribution expenses.

Adjustments

Market Value Adjustments <br>

We guarantee the contract value allocated to the GPAs, including interest credited, if you do not make any transfers or surrenders from the GPAs prior to 30 days before the end of the guarantee period. At all other times, and unless one of the exceptions described below applies, we will apply an MVA if you make certain transactions while you have contract value invested in a GPA. 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. <br>

No MVA will apply to:

• amounts surrendered under contract provisions that waive surrender charges for Hospital or Nursing Home Confinement and Terminal Illness Diagnosis; and

• amounts deducted for fees and charges.

The application of an MVA may result in either a gain or loss. You could lose up to 100% of the amount surrendered as a result of a negative MVA. Under certain death benefits, the value of the death benefit is reduced proportionally when you take a partial surrender based on the percentage of contract value that is withdrawn. If you request a partial surrender from the GPAs that will give you the net amount you requested after we apply any applicable MVA and surrender charge, the MVA could increase or decrease the percentage of contract value that is withdrawn. *In these circumstances, a negative MVA would increase the impact of a partial surrender on the value of the death benefit.* 

When you request an early surrender, we adjust the early surrender amount by an MVA formula. The MVA is sensitive to changes in current interest rates. The MVA, which can be zero, positive or negative, reflects the relationship between the guaranteed interest rate that applies to the GPA from which you are taking an early surrender and the interest rate we are then currently crediting on new GPAs that mature at the same time. The magnitude of any applicable MVA will depend on the difference in these current guaranteed interest rates at the time of the early surrender corresponding to the time remaining in your guarantee period and your guaranteed interest rate. If interest rates have increased, the MVA will generally be negative and the early surrender amount will be less; if interest rates have decreased, the MVA will generally be positive and the early surrender amount will be increased. This is summarized in the following table:

---

| | |
|:---|:---|
| **If your GPA rate is:** | **The MVA is:** |
| Less than the new GPA rate + 0.10% | Negative |
| Equal to the new GPA rate + 0.10% | Zero |
| Greater than the new GPA rate + 0.10% | Positive |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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30 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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The precise MVA formula we apply is as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Early surrender amount** | **×** | [ | ( | **1 + i**<br><sup>(n/12)</sup> | **–1** | ] | **=** | **MVA** |
| **Early surrender amount** | **×** | [ | ( | **1 + j + .001**<br><sup>(n/12)</sup> | **–1** | ] | **=** | **MVA** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Where i | = | rate earned in the GPA from which amounts are being transferred or surrendered. |
| j | = | current rate for a new Guaranteed Period equal to the remaining term in the current Guarantee Period <br> (rounded up to the next year).<br>|
| n | = | number of months remaining in the current Guarantee Period (rounded up to the next month). |

---

Surrender charges and other charges applicable to your contract and optional benefit riders you have elected may also apply to an early surrender. As noted above, we do not apply MVAs to the amounts we deduct for fees and charges, including surrender charges. We will deduct any applicable surrender charge from your early surrender after applying the MVA. Please note that when you request an early surrender, we surrender an amount from your GPA that will give you the net amount you requested after we apply the MVA and any applicable surrender charge, unless you request otherwise.

Contact our Service Center at the number listed on the cover page of this prospectus for a quote of the impact an early surrender would have on your contract value. Values fluctuate daily and the actual MVA applied at the time an early surrender is processed may be more or less than the values quoted at the time of your call. Additional information about MVAs, including MVA examples, is located in the Statement of Additional Information ("SAI").

The MVA is intended to protect us from losses on the investments we hold to support our guaranteed interest rates when we must pay out amounts that are removed from the GPAs early.

Optional Benefit Charges

Optional Living Benefit Charges

*SecureSource Stages* 2 Rider Charge

We deduct an annual charge for this optional feature only if you select it. The current annual rider fees are as follows:

• *SecureSource Stages* 2 – Single Life rider, 1.50%<sup>(1)</sup>

• *SecureSource Stages* 2 – Joint Life rider, 1.75<sup>(1)</sup>

<sup>(1)</sup>

For contract applications signed prior to Nov. 14, 2011, *SecureSource Stages* 2 – Single life rider current fee is 0.95% and *SecureSource Stages* 2 – Joint life rider current fee is 1.15% and for contract applications signed Nov. 14, 2011 through Feb. 26, 2012, *SecureSource Stages* 2 – Single life rider current fee is 1.10% and *SecureSource Stages* 2 – Joint life rider current fee is 1.35%.

The charge is based on the greater of the benefit base (BB) (after any applicable Rider Credit is added) or the anniversary contract value, but not more than the maximum BB of $10,000,000.

We deduct the charge from your contract value on your contract anniversary. Remember, since the charge is taken on a contract anniversary all purchase payments received during the preceding calendar year will increase your charge. This is especially important to consider when you make purchase payments near your contract anniversary because the payment amount increases your contract value and will result in an increased rider anniversary charge. We prorate this charge among all accounts and subaccounts in the same proportion as your interest in each bears to your total contract value. We will modify this prorated approach to comply with state regulations where necessary.

Once you elect the *SecureSource Stages* 2 rider, you may not cancel it (except as described below), and the charge will continue to be deducted until the contract or rider is terminated or until the contract value reduces to zero. If the contract or rider is terminated for any reason, we will deduct the charge, adjusted for the number of calendar days coverage was in place since we last deducted the charge.

Currently the *SecureSource Stages 2* rider fee does not vary with the investment option selected; however, we reserve the right to vary the rider fee for each investment option. The *SecureSource Stages* 2 – Single Life rider fee will not exceed a maximum of 1.75%. The *SecureSource Stages* 2 – Joint Life rider fee will not exceed a maximum of 2.25%.

The following describes how your annual rider fee may increase:

1. We may increase the annual rider fee at our discretion and on a nondiscriminatory basis. Your annual rider fee will increase if we declare an increase to the fee with written notice 30 days in advance except as described below. The new fee will be in effect on the date we declare in the written notice.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 31

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) You can decline this increase and therefore all future fee increases if we receive your written request prior to the date of the fee increase, in which case you permanently relinquish:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all future annual step-ups, and for the Joint Life rider, spousal continuation step-ups,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any ability to make additional purchase payments,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any future Rider Credits, and the credit base (CB) will be permanently reset to zero,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any increase to the lifetime payment percentage due to changing age bands on subsequent birthdays and rider anniversaries, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the ability to change your investment option to one that is more aggressive than your current investment option. Any change to a less aggressive investment option will further limit the investment options available to the then current and less aggressive investment options.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) You can terminate this rider if your annual rider fee after any increase is more than 0.25 percentage points higher that your fee before the increase and if we receive your written request to terminate the rider prior to the date of the fee increase.

2. Your annual rider fee may increase if you elect to change to a more aggressive investment option than your current investment option and if the new investment option has a higher current annual rider fee. The annual rider fees associated with the available investment option may change at our discretion, however these changes will not apply to this rider unless you change your current investment option to a more aggressive one. The new fee will be in effect on the valuation date we receive your written request to change your investment option. You cannot decline this type of fee increase. To avoid it, you must stay in the same investment option or move to a less aggressive one. Also, this type of fee increase does not allow you to terminate the rider.

If your rider fee increases, on the next contract anniversary, we will calculate an average rider fee, for the preceding contract year only, that reflects the various different fees that were in effect that year, adjusted for the number of calendar days each fee was in effect.

The fee does not apply after the annuitization start date.

Accumulation Protector Benefit Rider Charge

We deduct an annual charge from your contract value on your contract anniversary for this optional feature only if you select it.<sup>(1)</sup> The charge is calculated by multiplying the annual rider fee by the greater of your contract value or the minimum contract accumulation value on your contract anniversary. See table below for the applicable percentage.

We prorate this charge among all accounts and subaccounts in the same proportion as your interest in each bears to your total contract value. Once you elect the Accumulation Protector Benefit rider, you may not cancel it and the charge will continue to be deducted through the end of the waiting period. If the contract or rider is terminated for any reason, we will deduct the charge, adjusted for the number of calendar days coverage was in place since we last deducted the charge.

We may change the rider fee at our discretion and on a nondiscriminatory basis. The maximum annual rider fee is 1.75%.

The Accumulation Protector Benefit rider fee in effect on your contract after the rider effective date will not change unless you choose the annual elective step-up or elective spousal continuation step-up after we exercised our rights to increase the rider fee; or you change your investment option after we exercised our rights to increase the rider fee or to vary the rider fee for each investment option.

We exercised our right to increase the rider fee upon elective step-up or elective spousal continuation step-up and vary the fee depending on whether your contract value is invested in one of the Portfolio Navigator or Portfolio Stabilizer funds at the time of the elective step-up or spousal continuation step-up. You will pay the fee that is in effect on the valuation date we receive your written request to step-up. Currently, we waive our right to increase the fee for investment option changes. There is no assurance that we will not exercise our right in the future.

If you request an elective step-up (including 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.

---

| | | |
|:---|:---|:---|
| **For applications signed:** | **Maximum** <br> **annual rider fee**<br>| **Initial annual rider fee**<br> **and annual rider fee for**<br> **elective step-ups before**<br> **10/20/2012**<br>|
| Prior to 10/04/2010 | 1.75% | 1.25% |
| 10/04/2010 – 11/13/2011 | 1.75% | 1.50% |
| 11/13/2011 and later | 1.75% | 1.75% |

---

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32 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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Current annual rider fees for elective step-up (including elective spousal continuation step-up) requests on/after 10/20/2012 are shown in the table below.

---

| | | |
|:---|:---|:---|
| **Elective step up date:** | **If invested in Portfolio Navigator fund** <br> **at the time of step-up:**<br>| **If invested in Portfolio Stabilizer fund** <br> **at the time of step-up:**<br>|
| 10/20/2012 – 11/17/2013 | 1.75% | n/a |
| 11/18/2013 – 10/17/2014 | 1.75% | 1.30% |
| 10/18/2014 – 06/30/2016 | 1.60% | 1.00% |
| 07/01/2016 – 10/15/2018 | 1.75% | 1.30% |
| 10/16/2018 – 12/29/2019 | 1.40% | 1.00% |
| 12/30/2019 – 07/20/2020 | 1.55% | 1.15% |
| 07/21/2020 and later | 1.75% | 1.75% |

---

If your annual rider fee changes during the contract year, on the next contract anniversary we will calculate an average rider fee that reflects the various different fees that were in effect that year, adjusted for the number of calendar days each fee was in effect.

Subject to the terms of your contract, we reserve the right to further increase the rider fees to the maximum limit provided by your rider and to vary the rider fees based on the fund you select.

The automatic step-up option available under your rider will *not* impact your rider fee.

Please see the "Optional Living Benefits — Accumulation Protector Benefit Rider" section for a full description and rules applicable to elective and automatic step-up options under your rider.

The charge does not apply after the annuitization start date.

<sup>(1)</sup>

Accumulation Protector Benefit rider was not available for contract applications signed on or after Feb. 27, 2012.

Optional Death Benefit Charges

Benefit Protector Rider Charge

We deduct a charge for this optional feature only if you select it. The annual rider fee is 0.25%. The charge is calculated by multiplying the annual rider fee by your contract value on your contract anniversary. We prorate this charge among all accounts and subaccounts in the same proportion your interest in each account bears to your total contract value. We will modify this prorated approach to comply with state regulations when necessary.

If the contract or rider is terminated for any reason except your election to terminate the rider during the 30 day window after certain anniversaries, we will deduct the charge from the contract value adjusted for the number of calendar days coverage was in place during the contract year.

We cannot increase this annual fee after the rider effective date.

Benefit Protector Plus Rider Charge

We deduct a charge for this optional feature only if you select it. If selected, we deduct an annual rider fee of 0.40%. The charge is calculated by multiplying the annual rider fee by your contract value on your contract anniversary. We prorate this charge among all accounts and subaccounts in the same proportion your interest in each account bears to your total contract value We will modify this prorated approach to comply with state regulations when necessary. If the contract or rider is terminated for any reason except your election to terminate the rider during the 30 day window after certain anniversaries, we will deduct the charge from the contract value adjusted for the number of calendar days coverage was in place during the contract year.

We cannot increase this annual fee after the rider effective date.

Fund Fees and Expenses

There are deductions from and expenses paid out of the assets of the funds that are described in the prospectuses for those funds.

Premium Taxes

Certain state and local governments impose premium taxes on us (up to 3.5%). These taxes depend upon your state of residence or the state in which the contract was issued. Currently, we deduct any applicable premium tax when annuity payouts begin, but we reserve the right to deduct this tax at other times such as when you make purchase payments or when you make a full surrender from your contract.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 33

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Valuing Your Investment

We value your accounts as follows:

GPA

We value the amounts you allocate to the GPA directly in dollars. The GPA value equals:

• the sum of your purchase payments and transfer amounts allocated to the GPA;

• plus interest credited;

• minus the sum of amounts surrendered (including any applicable surrender charges) and amounts transferred out;

• minus any prorated portion of the contract administrative charge; and

• minus the prorated portion of the charge for any of the following optional benefits you have selected:

–

Benefit Protector Death Benefit;

–

Benefit Protector Plus Death Benefit;

–

Accumulation Protector Benefit rider; or

–

*SecureSource Stages* 2 rider.

The Fixed Account

We value the amounts you allocate to the fixed account directly in dollars. The value of the fixed account equals:

• the sum of your purchase payments allocated to the regular fixed account and the Special DCA fixed account, and transfer amounts to the regular fixed account (including any positive or negative MVA on amounts transferred from the GPAs);

• plus interest credited;

• minus the sum of amounts surrendered (including any applicable surrender charges) and amounts transferred out;

• minus any prorated portion of the contract administrative charge; and

• minus any prorated portion of the charge for any of the following optional benefits you have selected:

–

Benefit Protector Death Benefit;

–

Benefit Protector Plus Death Benefit;

–

Accumulation Protector Benefit rider; or

–

*SecureSource Stages 2* rider.

Subaccounts

We convert amounts you allocated to the subaccounts into accumulation units. Each time you make a purchase payment or transfer amounts into one of the subaccounts, we credit a certain number of accumulation units to your contract for that subaccount. Conversely, we subtract a certain number of accumulation units from your contract each time you take a partial surrender, transfer amounts out of a subaccount, or we assess a contract administrative charge, a surrender charge or fee for any optional riders with annual charges (if applicable).

The accumulation units are the true measure of investment value in each subaccount during the accumulation period. They are related to, but not the same as, the net asset value of the fund in which the subaccount invests. The dollar value of each accumulation unit can rise or fall daily depending on the variable account expenses, performance of the fund and on certain fund expenses. Here is how we calculate accumulation unit values:

**Number of units:** to calculate the number of accumulation units for a particular subaccount we divide your investment by the current accumulation unit value.

**Accumulation unit value:** the current accumulation unit value for each subaccount equals the last value times the subaccount's current net investment factor.

**We determine the net investment factor by:** 

• adding the fund's current net asset value per share, plus the per share amount of any accrued income or capital gain dividends to obtain a current adjusted net asset value per share; then

• dividing that sum by the previous adjusted net asset value per share; and

• subtracting the percentage factor representing the mortality and expense risk fee from the result.

Because the net asset value of the fund may fluctuate, the accumulation unit value may increase or decrease. You bear all the investment risk in a subaccount.

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34 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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The accumulation unit value is multiplied by the number of accumulation units to determine the contract value in that subaccount.

**Factors that affect subaccount accumulation units:** accumulation units may change in two ways — in number and in value.

The number of accumulation units you own may fluctuate due to:

• additional purchase payments you allocate to the subaccounts;

• transfers into or out of the subaccounts (including any positive or negative MVA on amounts transferred from the GPAs);

• partial surrenders;

• surrender charges;

and a deduction of a prorated portion of:

• the contract administrative charge; and

• the charge for any of the following optional benefits you have selected:

–

Benefit Protector Death Benefit;

–

Benefit Protector Plus Death Benefit;

–

Accumulation Protector Benefit rider; or

–

*SecureSource Stages 2* rider.

Accumulation unit values will fluctuate due to:

• changes in fund net asset value;

• fund dividends distributed to the subaccounts;

• fund capital gains or losses;

• fund operating expenses; and/or

• mortality and expense risk fees.

Making the Most of Your Contract

Automated Dollar-Cost Averaging

Currently, you can use automated transfers to take advantage of dollar-cost averaging (investing a fixed amount at regular intervals).

For example, you might transfer a set amount monthly from a relatively conservative subaccount to a more aggressive one, or to several others, or from the regular fixed account to one or more subaccounts. You may not set up automated transfers to or from the GPAs or set up an automated transfer to the regular fixed account. You can also obtain the benefits of dollar-cost averaging by setting up regular automatic payments under a scheduled payment plan.

There is no charge for dollar-cost averaging.

This systematic approach can help you benefit from fluctuations in accumulation unit values caused by fluctuations in the market values of the funds. Since you invest the same amount each period, you automatically acquire more units when the market value falls and fewer units when it rises. The potential effect is to lower your average cost per unit.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 35

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**How dollar-cost averaging works** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| By investing an equal number<br> of dollars each month<br>|  | **Month** | &nbsp;&nbsp;&nbsp;&nbsp; **Amount**<br> **invested**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Accumulation**<br> **unit value**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number**<br> **of units**<br> **purchased**<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Feb | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.56 |
| you automatically buy<br> more units when the<br> per unit market price is low |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mar | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.88 |
| you automatically buy<br> more units when the<br> per unit market price is low | &nbsp;&nbsp;&nbsp;&nbsp; → | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apr | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.67 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; May | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.25 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.56 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; July | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.88 |
| and fewer units<br> when the per unit<br> market price is high. |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aug | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.26 |
| and fewer units<br> when the per unit<br> market price is high. | &nbsp;&nbsp;&nbsp;&nbsp; → | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sept | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.76 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oct | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00 |

---

You paid an average price of $17.91 per unit over the 10 months, while the average market price actually was $18.10.

Dollar-cost averaging does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. Because dollar-cost averaging involves continuous investing, your success will depend upon your willingness to continue to invest regularly through periods of low price levels. Dollar-cost averaging can be an effective way to help meet your long-term goals. For specific features contact your financial advisor.

Dollar-cost averaging as described in this section is not available when the PN program is in effect. However, subject to certain restrictions, dollar-cost averaging is available through the Special DCA fixed account. See the "Special DCA Fixed Account" and "Portfolio Navigator Program and Portfolio Stabilizer funds" sections in this prospectus for details.

Asset Rebalancing

You can ask us in writing to automatically rebalance the subaccount portion of your contract value either quarterly, semiannually, or annually. The period you select will start to run on the date we record your request. On the first valuation date of each of these periods, we automatically will rebalance your contract value so that the value in each subaccount matches your current subaccount percentage allocations. These percentage allocations must be in whole numbers. There is no charge for asset rebalancing. The contract value must be at least $2,000.

You can change your percentage allocations or your rebalancing period at any time by contacting us in writing. We will restart the rebalancing period you selected as of the date we record your change. You also can ask us in writing to stop rebalancing your contract value. You must allow 30 days for us to change any instructions that currently are in place. For more information on asset rebalancing, contact your financial advisor.

Different rules apply to asset rebalancing under the Portfolio Navigator program (see "Portfolio Navigator Program and Portfolio Stabilizer Funds" below).

The *Income Guide*<sup>SM</sup> Program

*Income Guide* is an optional service we currently offer without charge. It does not change or otherwise modify any of the other benefits, features, charges, or terms and conditions associated with your annuity contract. The purpose of the program is to provide reporting and monitoring of withdrawals you take from your annuity. The reporting and monitoring is designed to provide you information that may assist you in considering whether to adapt your withdrawals over time.

For the purpose of *Income Guide* program, the term "systematic withdrawals" is the same as "automated systematic surrenders".

**The assumptions we used in the program are not customized or individualized to your circumstances. Program participants and their unique individual circumstances will vary from the program assumptions, creating differing results. The simulations we used in connection with the program do not include any contract or underlying fund charge assumptions other than an assumed mortality and expense risk charge of 1.0%. Your contract value may be depleted prior to the end of the program. If you follow the program and make downward adjustments to your withdrawals to remain in the "On Track" status, the amount of your withdrawal can significantly decline over time.** 

*Income Guide* is a withdrawal monitoring service. The program establishes what we call a "Prudent Income Amount" which is based on your contract value, age, and the other program assumptions described below. We calculate the Prudent Income Amount daily using the following factors:

&nbsp;&nbsp;&nbsp;&nbsp;(1) the age of the participant, (the age of the younger participant under the Joint Option);

&nbsp;&nbsp;&nbsp;&nbsp;(2) the contract value;

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36 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(3) Prudent Income Percentages.

The current Prudent Income Amount is determined by multiplying the current contract value by the current Prudent Income Percentage. The Prudent Income Amount is a hypothetical withdrawal amount with a minimum 85% probability that if taken and no withdrawal adjustments are made, withdrawals at that amount would not deplete the contract value prior to age 95 (age 100 for joint), or 8 years if longer. Please refer to the *Prudent Income Amount* section below for details on the assumptions we used to create the Prudent Income Percentages and the operation of the Prudent Income Amount.

*Income Guide* compares the annual total of the monthly systematic withdrawals you have elected to the current Prudent Income Amount we have calculated to determine your current status in the program. The current status provides you information on the current sustainability of your rate of withdrawal by comparing it to the Prudent Income Amount.

The program allows you to elect to have withdrawal income monitored based on one person (the "Single Option") or two persons (the "Joint Option"). We refer to each person covered under *Income Guide* as a participant. *Income Guide* is most effective when you use it in consultation with your financial advisor.

*Income Guide* is not a guaranteed income option and it is not backed by our general account. If you need income guaranteed for life or another specified period of time, you should not rely on using *Income Guide*. For guaranteed income options, consider a guaranteed lifetime withdrawal benefit such as our *SecureSource Stages 2* rider, annuitization options, or other annuity contracts that provide guaranteed lifetime income riders or benefits.

Any withdrawals you make from your contract may result in surrender charges, taxes and tax penalties. In addition, withdrawals may result in a proportional reduction to the standard death benefit and any optional death benefit you have elected.

As part of the *Income Guide* program, we provide you with information regarding your withdrawal amount, but we do not determine whether to make adjustments to your withdrawal amount or investment allocation. You need to decide what changes or adjustments may be right for you, or whether to seek the assistance of a financial advisor in making any decisions, based on the information provided and your given needs and circumstances.

*Program Availability* 

*Income Guide* is only available if the servicing broker-dealer on your contract is Ameriprise Financial Services, LLC ("AFS") which is our affiliate and we only currently offer variable annuity contracts through AFS. We may modify or end the availability of *Income Guide* at any time in our sole discretion. We will notify you 30 days in advance of any changes to *Income Guide* or if we end the program. Advance notice will not be given for any changes we decide to make to the Prudent Income Percentages.

*Income Guide* is not available if your contract has *a SecureSource Stages 2* or Accumulation Protector Benefit riders.

In addition, in order to enroll in *Income Guide*, the following eligibility requirements must be met.

&nbsp;&nbsp;&nbsp;&nbsp;(1) One of the *Income Guide* participants must be an owner or annuitant under the contract.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Your contract cannot be a beneficially owned IRA.

&nbsp;&nbsp;&nbsp;&nbsp;(3) You cannot be withdrawing substantially equal periodic payments as defined in the Internal Revenue Code. These payments are calculated in part using your life expectancy and place limits on the ability to increase withdrawals beyond a certain amount without incurring tax consequences.

&nbsp;&nbsp;&nbsp;&nbsp;(4) If you have a systematic withdrawal program established, you may not elect to set your withdrawal amount net of surrender charges or market value adjustment and the frequency of withdrawal must be set at monthly. You cannot have more than one systematic withdrawal program established at the same time.

&nbsp;&nbsp;&nbsp;&nbsp;(5) Your contract cannot have any active or deemed loans on it.

&nbsp;&nbsp;&nbsp;&nbsp;(6) Your contract must have an Ameriprise advisor registered with AFS assigned as the agent of record on your contract.

&nbsp;&nbsp;&nbsp;&nbsp;(7) All participants covered by the program must be at least age 50 and no older than age 85.

These eligibility requirements apply to any post-enrollment changes you may elect to make, such as changing or adding participants.

Advance notice will not be given for the events listed below that automatically terminate *Income Guide*.

&nbsp;&nbsp;&nbsp;&nbsp;(1) You modify your systematic withdrawal program to a frequency other than monthly or you have more than one systematic withdrawal program in effect.

&nbsp;&nbsp;&nbsp;&nbsp;(2) You take a loan on the contract.

&nbsp;&nbsp;&nbsp;&nbsp;(3) On any contract anniversary where the participant (for joint, youngest participant) attained the maximum age of 95 in the preceding contract year.

&nbsp;&nbsp;&nbsp;&nbsp;(4) The death benefit under the contract becomes payable.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 37

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(5) You elect a systematic withdrawal program to take substantially equal periodic payments as defined in the Internal Revenue Code. These payments are calculated in part using your life expectancy and place limits on the ability to increase withdrawals beyond a certain amount without incurring tax consequences.

&nbsp;&nbsp;&nbsp;&nbsp;(6) AFS is no longer the servicing broker-dealer on your contract.

&nbsp;&nbsp;&nbsp;&nbsp;(7) Your contract terminates for any reason, including full surrender, the contract value reaches zero, or when you annuitize your entire contract (this does not apply to partial annuitizations which are permitted while you participate in *Income Guide*).

In the event of a change in ownership, systematic withdrawals are suspended, but you would continue to be enrolled in the *Income Guide*.

*Enrolling in the Income Guide Program* 

You may elect to enroll in the *Income Guide* program at any time as long as we continue to offer it and you meet the eligibility requirements of participation. At the time of your enrollment, you will be required to complete an *Income Guide* Enrollment Form or verbally acknowledge your understanding of the program if we permit enrollment via telephone. In connection with enrollment, you will be asked whether you want the Single Option or Joint Option. You also will be required to provide the birthdate and sex of each participant covered under *Income Guide*. We use the age provided at enrollment to calculate the Prudent Income Amount.

If you are funding your contract through multiple sources that would involve making more than one initial purchase payment, you should consider waiting to enroll in *Income Guide* until your contract is fully funded. A large purchase payment not taken into account will result in a lower initial Prudent Income Amount being calculated. If your systematic withdrawal amount is based on all intended payments, then the amount you are withdrawing will be higher than the Prudent Income Amount that is calculated before we receive all intended purchase payments which may affect your *Income Guide* status.

After enrolling, we will permit you to modify the selected option (Single Option or Joint Option) or to change the participants. Any changes are subject to the conditions stated in the Program Availability section above.

*Withdrawal Monitoring and Reporting* 

*Income Guide* is designed to assist you and your financial advisor in managing the withdrawal of money out of your annuity contract to provide income. To aid in managing your withdrawals, we currently provide periodic reports to you and your financial advisor. This includes a detailed annual report we provide on each contract anniversary and a brief summary on the consolidated statements you receive either monthly or quarterly from AFS. These reports include an *Income Guide* status based on the Prudent Income Amount calculated on the date we produce the report. The reporting and the status are designed to provide you information regarding the current sustainability of your current withdrawal amount by comparing it to the current Prudent Income Amount. We provide no other reporting, so you should review your consolidated statement and annual report to see if your status under the program has changed. You also can review your current daily status by logging into your account on ameriprise.com. We reserve the right to modify the reporting we provide under the program at any time and in our sole discretion.

The table below summarizes the definitions of each status under the program.

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| | | | |
|:---|:---|:---|:---|
| ***Income Guide* Status Definitions** | ***Income Guide* Status Definitions** | ***Income Guide* Status Definitions** | ***Income Guide* Status Definitions** |
| **Attention Needed** | **Caution** | **On Track** | **More Available** |
| &nbsp;&nbsp; Prudent Income Amount is <br> more than 20% below your <br> current annual withdrawal <br> amount<br>| &nbsp;&nbsp; Prudent Income Amount is <br> from 10.1% to 20% below <br> your current annual <br> withdrawal amount<br>| &nbsp;&nbsp; Prudent Income Amount is <br> from 10% below up to <br> 24.9% above your current <br> annual withdrawal amount<br>| &nbsp;&nbsp; Prudent Income Amount is <br> more than 25% or more <br> above your current annual <br> withdrawal amount<br>|

---

We use descriptive terminology to describe each status. When you are in the On Track status we may refer to your withdrawal rate as "currently sustainable." When you are in the Caution status, we refer to your withdrawal rate as "near a point where it may not be sustainable." When you are in the Attention Needed status, we refer to your withdrawal rate as "may not be sustainable." Finally, if your current withdrawal amount places you in the "More Available" status, we refer to you as having "more options available" because the Prudent Income Amount is at least 25% higher than your current withdrawal amount. These statuses, including the accompanying explanations, are merely descriptive and do not represent a specific level of actual sustainability or probability of your contract value not being depleted. Please note if you are in the "More Available" status and you utilize contract value for other purposes it may create adverse consequences in the future, including increasing the possibility and extent of future status changes and the possibility of running out of money prior to the end of the program.

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38 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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The following *Income Guide* statuses are used in our periodic reporting.

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| | |
|:---|:---|
| ***Income Guide* Status** | **What the Status Means** |
| Attention Needed | &nbsp;&nbsp; Based on your contract value, it is projected that your withdrawal amount may not be <br> sustainable.<br>|
| Caution | &nbsp;&nbsp; Based on your contract value, it is projected that your withdrawal amount is near a <br> point where it may not be sustainable.<br>|
| On Track | &nbsp;&nbsp; Based on your contract value, it is projected that your withdrawal amount is currently <br> sustainable. Please note that the minimum 85% probability assumed in the program <br> only applies to the Prudent Income Amount and not to the "On Track" status which <br> includes a range above and below the current Prudent Income Amount.<br>|
| More Available | &nbsp;&nbsp; Based on your contract value and withdrawal amount, it is projected there are more <br> options available.<br>|

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These statuses are not designed to be, nor should they be construed as, investment advice. They are based on a comparison of your current annual withdrawal amount versus the current Prudent Income Amount. They also can aid you in tracking how close your current rate of withdrawal is to the Prudent Income Amount. In the end, your unique financial situation and the advice of your financial advisor should be utilized in assessing your *Income Guide* status and your utilization of the program as a whole. **Please note, the longer you are in the Attention Needed status without adjusting withdrawals the greater the likelihood that you will deplete your contract value.** 

If you enroll in *Income Guide* without electing a systematic withdrawal, then no status will be reported, but you will be provided the Prudent Income Amount.

If you completely suspend your withdrawals, we will also no longer report a status. This, however, does not mean that subsequently restarting withdrawals will result in a sustainable rate of withdrawal. When you restart your withdrawals, a current Prudent Income Amount will be compared to your current withdrawal amount to determine a current status. Also, remember that a change in ownership will automatically suspend systematic withdrawals.

***Income Guide* does not take into account your unique financial situation, including how you allocate your contract value to available investment options and the allocation of your contract value to equities or fixed income instruments (e.g. bonds). Your investment returns, including the deduction of any fund fees and expenses, will differ from program assumptions. In addition, the fees and charges we assumed in calculating values under the program will differ from the actual fees and charges on your contract. This is due in part to the fact that we did not assume certain charges, including the contract administrative charge and optional benefit charges.** 

**The methods, assumptions and simulations we used to develop the Prudent Income Percentages may not be appropriate or correct for a given contract owner. Individual results can vary widely and will impact the frequency of status changes and how often you may want to make adjustments to your withdrawals. You must decide whether to modify withdrawals or take any other action with respect to your contract based on the status we report, and whether to consult with your financial advisor.** 

*The Prudent Income Amount* 

We use your current age, contract value, and Prudent Income Percentage to calculate your current Prudent Income Amount. We may modify these factors used to calculate your Prudent Income Amount at any time and in our sole discretion. We, RiverSource Life Insurance Company, solely determined what assumptions to use in deriving the Prudent Income Amount

**Since the Prudent Income Amount is calculated daily and fluctuates based on age and current contract value, the program does not guarantee or result in a steady stream of income or provide any type of guaranteed cash value or guaranteed benefit.** 

The Prudent Income Percentages are derived from a series of random simulations based on the following assumptions:

&nbsp;&nbsp;&nbsp;&nbsp;• an investment allocation of 50% in equities and 50% in fixed income instruments (e.g. bonds);

&nbsp;&nbsp;&nbsp;&nbsp;• average annual returns, after the deduction of all fund fees and expenses, of 9.0% on the equity allocation and 2.0% on the fixed income instruments (e.g. bonds) allocation that grades upward to 4.0% over a twenty year period;

&nbsp;&nbsp;&nbsp;&nbsp;• average portfolio volatility of 9.0%;

&nbsp;&nbsp;&nbsp;&nbsp;• a 1.0% average annual mortality and expense risk fee being assessed; and

&nbsp;&nbsp;&nbsp;&nbsp;• taking level withdrawals each month.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 39

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The average annual return assumptions of 9.0% for the equity allocation and the 2.0% - 4.0% for the fixed income instruments (e.g. bonds) allocation are net return assumptions. This means these return assumptions would be after the deduction of all underlying fund fees and expenses. Contract charges other than the 1.0% mortality and expense risk fee, if they apply to you, were not included in the assumptions. This includes the contract administrative charge, surrender charges, and charges associated with optional benefits available under the contract. The "Charges and Adjustments" section of the prospectus provides additional details on the amount and applicability of these charges.

Since these assumptions are not customized to you, your circumstances will differ and the minimum 85% probability of withdrawals lasting for the duration of the program without the need to make any adjustments to the amount of withdrawals may be higher or lower than the probability used in developing the Prudent Income Percentages.

Your results under the program will vary. In general, if you have lower returns, higher volatility, higher fees, or you make additional withdrawals, then the probability of your withdrawal amount being sustainable will be lower than assumed under the program. In contrast, if you have higher returns, lower volatility, lower fees, or make additional purchase payments, then the probability of your withdrawal amount being sustainable will generally be higher than assumed under the program. In addition, if you experience long-term periods where your contract value is continually declining due to deviations from the assumptions mentioned above, you will need to repeatedly decrease the amount of your withdrawal to stay in the "On Track" status. Also, while unlikely, your contract value may be depleted before age 95 even if you follow the program.

It is important to remember that only the age of the participant and the contract value are specific to your contract. All of the factors used in determining the Prudent Income Percentages are general and not individualized or otherwise customized to you, your contract allocation, or any other circumstances specific to you.

The following factors related to your contract experience will impact your *Income Guide* status and the probability of withdrawals (without adjusting under the program) lasting for the duration of the program:

&nbsp;&nbsp;&nbsp;&nbsp;(1) the fees, average annual total returns and volatility of the underlying funds you have elected;

&nbsp;&nbsp;&nbsp;&nbsp;(2) the specific fees of your contract;

&nbsp;&nbsp;&nbsp;&nbsp;(3) additional purchase payments to the contract;

&nbsp;&nbsp;&nbsp;&nbsp;(4) withdrawals in addition to the monthly systematic withdrawal;

&nbsp;&nbsp;&nbsp;&nbsp;(5) partial annuitizations; or

&nbsp;&nbsp;&nbsp;&nbsp;(6) your actual life expectancy or retirement horizon.

The assumptions were utilized to run a series of random simulations. These simulations were used to establish the Prudent Income Percentages which are based on a level amount of income (without adjusting under the program) that provides a minimum 85% or greater probability of contract value lasting to age 95 (age 100 for joint), or for 8 years, whichever is longer. As with any simulation, your actual experience will be different and our methodology could have an error.

The Prudent Income Percentages change over time based on age. The table below shows the current Prudent Income Percentages utilized. In the case of the Joint Option, the youngest participant's age is used to determine the Prudent Income Percentages.

**Prudent Income Percentages** 

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Participant Age** | **Single Option** | **Joint Option** | **Participant Age** | **Single Option** | **Joint Option** | **Participant Age** | **Single Option** | **Joint Option** |
| 50 | &nbsp;&nbsp; 3.0% | &nbsp;&nbsp; 2.5% | &nbsp;&nbsp; 66 | &nbsp;&nbsp; 4.6% | &nbsp;&nbsp; 4.1% | &nbsp;&nbsp; 81 | &nbsp;&nbsp; 6.3% | &nbsp;&nbsp; 5.8% |
| 51 | &nbsp;&nbsp; 3.1% | &nbsp;&nbsp; 2.6% | &nbsp;&nbsp; 67 | &nbsp;&nbsp; 4.7% | &nbsp;&nbsp; 4.2% | &nbsp;&nbsp; 82 | &nbsp;&nbsp; 6.6% | &nbsp;&nbsp; 6.1% |
| 52 | &nbsp;&nbsp; 3.2% | &nbsp;&nbsp; 2.7% | &nbsp;&nbsp; 68 | &nbsp;&nbsp; 4.8% | &nbsp;&nbsp; 4.3% | &nbsp;&nbsp; 83 | &nbsp;&nbsp; 6.9% | &nbsp;&nbsp; 6.4% |
| 53 | &nbsp;&nbsp; 3.3% | &nbsp;&nbsp; 2.8% | &nbsp;&nbsp; 69 | &nbsp;&nbsp; 4.9% | &nbsp;&nbsp; 4.4% | &nbsp;&nbsp; 84 | &nbsp;&nbsp; 7.2% | &nbsp;&nbsp; 6.7% |
| 54 | &nbsp;&nbsp; 3.4% | &nbsp;&nbsp; 2.9% | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 5.0% | &nbsp;&nbsp; 4.5% | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 7.5% | &nbsp;&nbsp; 7.0% |
| 55 | &nbsp;&nbsp; 3.5% | &nbsp;&nbsp; 3.0% | &nbsp;&nbsp; 71 | &nbsp;&nbsp; 5.1% | &nbsp;&nbsp; 4.6% | &nbsp;&nbsp; 86 | &nbsp;&nbsp; 8.0% | &nbsp;&nbsp; 7.5% |
| 56 | &nbsp;&nbsp; 3.6% | &nbsp;&nbsp; 3.1% | &nbsp;&nbsp; 72 | &nbsp;&nbsp; 5.2% | &nbsp;&nbsp; 4.7% | &nbsp;&nbsp; 87 | &nbsp;&nbsp; 8.5% | &nbsp;&nbsp; 8.0% |
| 57 | &nbsp;&nbsp; 3.7% | &nbsp;&nbsp; 3.2% | &nbsp;&nbsp; 73 | &nbsp;&nbsp; 5.3% | &nbsp;&nbsp; 4.8% | &nbsp;&nbsp; 88 | &nbsp;&nbsp; 9.0% | &nbsp;&nbsp; 8.5% |
| 58 | &nbsp;&nbsp; 3.8% | &nbsp;&nbsp; 3.3% | &nbsp;&nbsp; 74 | &nbsp;&nbsp; 5.4% | &nbsp;&nbsp; 4.9% | &nbsp;&nbsp; 89 | &nbsp;&nbsp; 9.5% | &nbsp;&nbsp; 9.0% |
| 59 | &nbsp;&nbsp; 3.9% | &nbsp;&nbsp; 3.4% | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 5.5% | &nbsp;&nbsp; 5.0% | &nbsp;&nbsp; 90 | &nbsp;&nbsp; 10.0% | &nbsp;&nbsp; 9.5% |
| 60 | &nbsp;&nbsp; 4.0% | &nbsp;&nbsp; 3.5% | &nbsp;&nbsp; 76 | &nbsp;&nbsp; 5.6% | &nbsp;&nbsp; 5.1% | &nbsp;&nbsp; 91 | &nbsp;&nbsp; 10.5% | &nbsp;&nbsp; 10.0% |
| 61 | &nbsp;&nbsp; 4.1% | &nbsp;&nbsp; 3.6% | &nbsp;&nbsp; 77 | &nbsp;&nbsp; 5.7% | &nbsp;&nbsp; 5.2% | &nbsp;&nbsp; 92 | &nbsp;&nbsp; 11.0% | &nbsp;&nbsp; 10.5% |
| 62 | &nbsp;&nbsp; 4.2% | &nbsp;&nbsp; 3.7% | &nbsp;&nbsp; 78 | &nbsp;&nbsp; 5.8% | &nbsp;&nbsp; 5.3% | &nbsp;&nbsp; 93 | &nbsp;&nbsp; 11.5% | &nbsp;&nbsp; 11.0% |
| 63 | &nbsp;&nbsp; 4.3% | &nbsp;&nbsp; 3.8% | &nbsp;&nbsp; 79 | &nbsp;&nbsp; 5.9% | &nbsp;&nbsp; 5.4% | &nbsp;&nbsp; 94 | &nbsp;&nbsp; 12.0% | &nbsp;&nbsp; 11.5% |

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40 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Participant Age** | **Single** <br> **Option**<br>| **Joint** <br> **Option**<br>| **Participant** <br> **Age**<br>| **Single** <br> **Option**<br>| **Joint** <br> **Option**<br>| **Participant** <br> **Age**<br>| **Single** <br> **Option**<br>| **Joint** <br> **Option**<br>|
| 64 | &nbsp;&nbsp; 4.4% | &nbsp;&nbsp; 3.9% | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 6.0% | &nbsp;&nbsp; 5.5% | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 12.5% | &nbsp;&nbsp; 12.0% |
| 65 | &nbsp;&nbsp; 4.5% | &nbsp;&nbsp; 4.0% |  |  |  |  |  |  |

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The Prudent Income Percentage is multiplied by the contract value to determine the current Prudent Income Amount. The Prudent Income Amount will change over time due to changes in the contract value and the age of the participants covered under the program.

Although the Prudent Income Percentage increases with age, the Prudent Income Amount may not increase over time because a decreasing contract value can more than offset any increase in the Prudent Income Percentage. An increase in the Prudent Income Percentage does not protect against inflation.

Refer to "Example of a Prudent Income Amount Calculation" below to see how the Prudent Income Percentage is used to create a Prudent Income Amount.

By increasing with age, the Prudent Income Percentages result in less contract value being required to be in the "On Track" status. As a result, the Prudent Income Amount is not designed to preserve the level of your contract value. Following the monitoring program, however, including making adjustments to your rate of withdrawal over the life of the program, will increase the likelihood that your contract value will not be exhausted prior to the end of the program.

**The assumptions used in determining values under *Income Guide* including investment and performance, are not tied in any way to your allocation of contract value and its performance. Your actual contract results can vary significantly from the performance we assumed in calculating the Prudent Income Amount.** 

The Prudent Income Amount is not a guarantee of present or future income and is not intended, nor should it be construed as, any form of investment advice.

If your contract is funding an employer sponsored plan such as a retirement plan established under Section 403(b) or 401(a) of the Code, your ability to begin a systematic withdrawal or to change one may be subject to plan sponsor approval. To determine whether there are any plan based restrictions on *Income Guide*, contact your plan sponsor.

*Example of a Prudent Income Amount Calculation* 

Below is an example of how *Income Guide* calculates the Prudent Income Amount and assigns the status of the sustainability of your withdrawals.

At the time of enrollment, assume the following:

&nbsp;&nbsp;&nbsp;&nbsp;(1) you have elected the Single Option;

&nbsp;&nbsp;&nbsp;&nbsp;(2) you are age 65;

&nbsp;&nbsp;&nbsp;&nbsp;(3) your monthly systematic withdrawal amount is $350.00 ($4,200.00 annually); and

&nbsp;&nbsp;&nbsp;&nbsp;(4) your contract value is $100,000.00.

Using these assumptions when you enroll, to calculate the Prudent Income Amount, the contract value is multiplied by the Prudent Income Percentage, which is 4.5%.

$100,000.00 x 4.5% = $4,500.00

In this case, the Prudent Income Amount is about 7.1% above your annual withdrawal amount. This results in being assigned a status of "On Track."

Let's assume six months after enrollment, you are still age 65 and your contract value is now $95,000. When you multiply the current contract value by the Prudent Income Percentage you get the following Prudent Income Amount.

$95,000.00 x 4.5% = $4,275.00

In this case, the Prudent Income Amount is about 1.8% above your annual withdrawal amount. This results in being assigned a status of "On Track."

Let's assume one year after enrollment, you are now age 66 and your contract value is now $82,000. When you multiply the current contract value by the Prudent Income Percentage you get the following Prudent Income Amount.

$82,000.00 x 4.6% = $3,772.00

In this case, the Prudent Income Amount is about 10.2% below your annual withdrawal amount. This results in being assigned a status of "Caution."

*Potential Benefits of the Income Guide Program* 

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 41

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*Income Guide* can aid you in creating a non-guaranteed stream of income through systematic withdrawals from your contract. This can be beneficial if your need for income is flexible and does not require the guarantees associated with either a guaranteed minimum withdrawal benefit rider or exercising your option to annuitize. Withdrawals in connection with *Income Guide* may be subject to surrender charges, taxes and tax penalties. In contrast, payments under a guaranteed minimum withdrawal benefit rider or annuitization are not subject to surrender charges. In addition, if you use *Income Guide* and you have a non-qualified contract, you are not receiving any potential benefits of the exclusion ratio associated with annuitization. The exclusion ratio allows you to spread the cost basis of your contract value over time, generally resulting in payments being partially income tax-free while the exclusion ratio is in effect. In contrast, *Income Guide* systematically withdraws contract value and for non-qualified contracts this results in taxable earnings being considered to be withdrawn first. A financial advisor can help you understand each of the income options available to you.

In cases where your *Income Guide* status becomes "More Available" there may be opportunities to increase your withdrawal rate, lock-in guaranteed income through partial annuitization, or use a portion of your contract value for other purposes. In consultation with your financial advisor, you can determine whether one or more of these options are right for you. Please keep in mind increases in the amount you withdraw may be subject to additional surrender charges, taxes and tax penalties. In addition, withdrawals will reduce your contract value and will proportionally reduce your standard death benefit and any optional death benefit you have elected. Increases in withdrawals can also have adverse future consequences, including increasing the possibility of future status changes and the possibility of running out of money prior to the end of the program.

*Potential Risks of the Income Guide Program* 

*Income Guide*, including the Prudent Income Amount, is not a guarantee of income. If your annuity contract value is depleted your contract and any benefits associated with it, including *Income Guide*, will end without value.

In instances where your contract enters the "Attention Needed" status, even if you take steps to address the status such as lowering withdrawals from your contract, it is possible depending on continued performance of your contract that you could re-enter or remain in the status for an extended period of time. If you do not adjust your withdrawals when you are in the "Attention Needed" status, it could substantially increase the likelihood your contact value will be depleted, especially if you remain in this status for an extended period of time without making any adjustments.

*Income Guide* does not provide any additional waiver of any applicable surrender charge. This means in cases where your contract is subject to a surrender charge, any amounts withdrawn in excess of the free amount will be assessed a surrender charge, including any instance where you are withdrawing at a level equal to the Prudent Income Amount. For additional information on surrender charges, refer to the "Surrender Charge" subsection of the "Charges and Adjustments" section of this prospectus.

If your contract is issued on a qualified basis, you are subject to certain required minimum distribution rules for federal tax purposes. These rules may require you to take withdrawals out of your annuity that exceed the Prudent Income Amount. If this occurs, taking the required withdrawals may increase the likelihood that you will deplete your annuity contract over time.

Income Guide does not provide any additional waiver of any applicable surrender charge. This means in cases where your contract is subject to a surrender charge, any amounts withdrawn in excess of the free amount will be assessed a surrender charge, including any instance where you are withdrawing at a level equal to the Prudent Income Amount. For additional information on surrender charges, refer to the "Surrender Charge" subsection of the "Charges and Adjustments" section of this prospectus.

If your relationship with your advisor ends, you will no longer receive assistance using the *Income Guide* service. If your contract continues to be serviced by AFS, but you have ended your relationship with the financial advisor with whom you set up *Income Guide*, *Income Guide* will continue, and you should request AFS assign you another advisor to assist you with maximizing the effectiveness of *Income Guide*. We cannot guarantee that AFS will assign you an advisor that will assist you with *Income Guide*.

If you rely on *Income Guide* for managing your income needs and the service terminates, either because we choose to no longer offer it or a circumstance arises where automatic termination occurs, you may be in a position where you cannot find a means to manage or monitor your income going forward. Remember, in any instance where AFS is no longer the servicing broker-dealer of record for your contract, *Income Guide* will automatically terminate.

Portfolio Navigator Program (PN Program) and Portfolio Stabilizer Funds

**PN Program.** You are required to participate in the PN program if your contract includes optional living benefit riders. Under the PN program your contract value is currently allocated to one of five investment options, each of which is a fund of funds which invests in underlying funds in proportions that vary among the funds of funds in light of each fund of funds' investment objective ("Portfolio Navigator funds"). The PN program is available for nonqualified annuities and for qualified annuities.

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42 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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**The Portfolio Navigator funds.** We offer the following Portfolio Navigator funds:

1. Variable Portfolio – Aggressive Portfolio

2. Variable Portfolio – Moderately Aggressive Portfolio

3. Variable Portfolio – Moderate Portfolio

4. Variable Portfolio – Moderately Conservative Portfolio

5. Variable Portfolio – Conservative Portfolio

Each Portfolio Navigator fund is a fund of funds with the investment objective of seeking a high level of total return consistent with a certain level of risk, which it seeks to achieve by investing in various underlying funds. For additional information about the Portfolio Navigator funds' investment strategies, see the Funds' prospectus.

Beginning November 18, 2013, if you have selected one of the optional living benefit riders, as an alternative to the Portfolio Navigator funds in the PN program, we have made available to you new funds, known as Portfolio Stabilizer funds. Prior to June 30, 2014, the Portfolio Stabilizer funds have only been available to contracts where a living benefit rider has been elected. Effective on June 30, 2014, the Portfolio Stabilizer funds became available to all contract owners, regardless of whether a living benefit rider has been elected. Please see "Investing in the Portfolio Stabilizer Funds and the Portfolio Navigator funds" section below for more details about investing in the Portfolio Navigator and Portfolio Stabilizer funds.

**The Portfolio Stabilizer funds.** The Portfolio Stabilizer funds currently available are:

1. Variable Portfolio – Managed Risk Fund (Class 2)<sup>(1)</sup>

2. Variable Portfolio – Managed Risk U.S. Fund (Class 2) <sup>(1)</sup>

3. Variable Portfolio – Managed Volatility Conservative Fund (Class 2)

4. Variable Portfolio – Managed Volatility Conservative Growth Fund (Class 2)

5. Variable Portfolio – Managed Volatility Moderate Growth Fund (Class 2)

6. Variable Portfolio – Managed Volatility Growth Fund (Class 2)

7. Variable Portfolio – U.S. Flexible Growth Fund (Class 2)<sup>(2)</sup>

8. Variable Portfolio – U.S. Flexible Moderate Growth Fund (Class 2)<sup>(2)</sup>

9. Variable Portfolio – U.S. Flexible Conservative Growth Fund (Class 2)<sup>(2)</sup>

<sup>(1)</sup> Available on or after Sept. 18, 2017.

<sup>(2)</sup> Available on or after Nov. 14, 2016.

Each Portfolio Stabilizer fund has an investment objective of pursuing total return while seeking to manage the Fund's exposure to equity market volatility. For additional information about the Portfolio Stabilizer funds' investment strategies, see the Funds' prospectuses.

You may choose to remain invested in your current Portfolio Navigator fund, move to a different Portfolio Navigator fund, or move to a Portfolio Stabilizer fund. Your decision should be made based on your own individual investment objectives and financial situation, and in consultation with your financial adviser.

**For contracts with a living benefit rider, please note that if you are currently invested in a Portfolio Navigator fund as a part of the PN program and choose to reallocate your contract value to a Portfolio Stabilizer fund, you will no longer have access to any of the Portfolio Navigator funds, but you may change to any other Portfolio Stabilizer funds, subject to the transfer limits applicable to your rider. This restriction will not apply to you if your contract does not have a living benefit rider.** 

If your contract does not include one of the optional living benefit riders, you may not participate in the PN Program, but you may choose to allocate your contract value to one or more of the Portfolio Navigator funds without participating in the PN program. You should review any PN program information, including the prospectus for the Portfolio Navigator funds, carefully. Your financial advisor can provide you with additional information and can answer questions you may have on the PN program.

**Investing in the Portfolio Stabilizer funds and the Portfolio Navigator funds.** You are responsible for determining which investment option is best for you. Currently, the PN program includes five Portfolio Navigator funds with risk profiles ranging from conservative to aggressive in relation to one another. There are nine Portfolio Stabilizer funds currently available. If your contract includes a living benefit rider and you invest in the Portfolio Navigator fund, you may only invest in one Portfolio Navigator fund at a time. If your contract includes a living benefit rider and you invest in Portfolio Stabilizer fund, effective Nov. 14, 2016, you may invest in more than one Portfolio Stabilizer fund at a time. Your

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 43

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financial advisor can help you determine which investment option most closely matches your investing style, based on factors such as your investment goals, your tolerance for risk and how long you intend to invest. There is no guarantee that the investment option you select is appropriate for you based on your investment objectives and/or risk profile. We and Columbia Management are not responsible for your decision to select a certain investment option or your decision to transfer to a different investment option.

If you initially allocate qualifying purchase payments to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and you are invested in the Portfolio Stabilizer funds or in one of the Portfolio Navigator funds, we will make monthly transfers in accordance with your instructions from the Special DCA fixed account, into the investment option or model portfolio you have chosen.

Before you decide to transfer contract value to the Portfolio Stabilizer funds, you and your financial advisor should carefully consider the following:

• Whether the Portfolio Stabilizer fund meets your personal investment objectives and/or risk tolerance.

• Whether you would like to continue to invest in a Portfolio Navigator fund. If you decide to transfer your contract value to a Portfolio Stabilizer fund, you permanently lose your ability to invest in any of the Portfolio Navigator funds if you have a living benefit rider. If you decide to no longer invest your contract value in the Portfolio Stabilizer funds, your only option will be to terminate your contract by requesting a full surrender. **Surrender charges and tax penalties may apply.** 

• Whether the total expenses associated with an investment in a Portfolio Stabilizer fund is appropriate for you. For total expenses associated with the rider, you should consider not only the variation of the rider fee, but also the variation in fees among the various funds. You should also consider your overall investment objective, as well as how total fees and your selected fund's investment objective may impact the amount of any step up opportunities in the future.

If your contract includes a living benefit rider, you may request a change to your fund selection up to four times per contract year by written request on an authorized form or by another method agreed to by us. However, an initial transfer from a Portfolio Navigator fund to a Portfolio Stabilizer fund will not count toward the limit of four transfers per year. You may also set up asset rebalancing and change your percentage allocations, but those changes will count towards this four times per year limit.

For all contracts, we also reserve the right to limit the number of changes if required to comply with the written instructions of a fund (see "Market Timing").

**Substitution and modification**. We reserve the right to add, remove or substitute funds. We also reserve the right, upon notification to you, to close or restrict any fund. Any change will apply to current allocations and/or to future payments and transfers. If your living benefit rider is terminated, you may remain invested in the Portfolio Stabilizer funds, but you will not be allowed to allocate future purchase payments or make transfers to these funds. Any substitution of funds may be subject to SEC or state insurance departments approval.

We reserve the right to change the terms and conditions of the PN program or to change the availability of the investment options upon written notice to you. This includes but is not limited to the right to:

• limit your choice of investment options based on the amount of your initial purchase payment;

• cancel required participation in the program after 30 days written notice;

• substitute a fund of funds for your model portfolio, if applicable, if permitted under applicable securities law; and

• discontinue the PN program after 30 days written notice.

**Risks and conflicts of interests associated with the Portfolio Navigator funds and Portfolio Stabilizer funds (the Funds).** An investment in a Fund involves risk. Principal risks associated with an investment in a Portfolio Navigator fund or Portfolio Stabilizer fund may be found in the relevant Fund's prospectus. There is no assurance that the Funds will achieve their respective investment objectives. In addition, there is no guarantee that the Fund's strategy will have its intended effect or that it will work as effectively as is intended.

It is important to remember that the Portfolio Stabilizer funds are managed volatility funds and employ a strategy designed to reduce overall volatility and downside risk. A successful strategy may result in smaller losses to your contract value when markets are declining and market volatility is high. In turn, a successful strategy may also result in less gain in your contract value during rising markets with higher volatility when compared to funds not employing a managed volatility strategy. Accordingly, although an investment in the Portfolio Stabilizer funds may mitigate declines in your contract value due to declining equity markets, the Funds' investment strategies may also curb or decrease your contract value during periods of positive performance by the equity markets. There is no guarantee any of the funds' strategies will be successful. In addition, managed volatility funds may decrease the number and amount of any periodic benefit base increase opportunities. Costs associated with running a managed volatility strategy may also adversely impact the performance of managed volatility funds.

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44 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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Investing in a Portfolio Navigator fund or Portfolio Stabilizer fund does not guarantee that your contract will increase in value nor will it protect in a decline in value if market prices fall. Depending on future market conditions and considering only the potential return on your investment in the Fund, you might benefit (or benefit more) from selecting alternative investment options.

For more information and a list of the risks associated with investing in the Funds, including volatility and volatility management risk associated with Portfolio Stabilizer funds, please consult the applicable Funds' prospectuses and "The Variable Account and the Funds – Conflicts of Interest with Certain Funds Advised by Columbia Management" section in this prospectus.

**Conflicts of interest.** In providing investment advisory services for the Funds and the underlying funds in which those funds respectively invest, Columbia Management is, together with its affiliates, including us, subject to competing interests that may influence its decisions.

For additional information regarding the conflicts of interest to which Columbia Management may be subject, see the Funds' prospectuses and "The Variable Account and the Funds – Conflicts of Interest with Certain Funds Advised by Columbia Management" section in this prospectus.

**Living benefit riders requiring participation in the PN Program or investing in the Portfolio Stabilizer funds:** 

• **Accumulation Protector Benefit rider:** You cannot terminate the Accumulation Protector Benefit rider. As long as the Accumulation Protector Benefit rider is in effect, your contract value must be invested in one of the PN program investment options or in the Portfolio Stabilizer funds. You cannot select the PN program aggressive investment option as your investment option, or transfer to the aggressive investment option while the rider is in effect. The Accumulation Protector Benefit rider automatically ends at the end of the waiting period, and you then have the option to cancel your participation in the PN program. At all other times, if you do not want to invest in any of the PN program investment options or in the Portfolio Stabilizer funds, you must terminate your contract by requesting a full surrender. Surrender charges and tax penalties may apply.

• ***SecureSource Stages* 2 rider:** *SecureSource Stages* 2 rider requires that your contract value be invested in one of the PN program investment options or in the Portfolio Stabilizer funds for the life of the contract. Subject to state restrictions, we reserve the right to limit the number of investment options from which you can select based on the dollar amount of purchase payments you make. There is no minimum number of investment options that must be offered in connection with the *SecureSource Stages* 2 rider. Because you cannot terminate the *SecureSource Stages* 2 rider once you have selected it, you must terminate your contract by requesting a full surrender if you do not want to invest in any of the PN program investment options or any of the Portfolio Stabilizer funds. Surrender charges and tax penalties may apply.

Transferring Among Accounts

The transfer rights discussed in this section do not apply if you have selected one of the optional living benefit riders, unless noted otherwise. For transfer rights involving investment options under optional living benefit riders, please see "Investment Allocation Restrictions" section.

You may transfer contract value from any one subaccount, GPAs, the regular fixed account and the Special DCA fixed account, to another subaccount before the annuitization start date. For *RAVA 5 Advantage* and *RAVA 5 Select* contracts, certain restrictions apply to transfers involving the GPAs and the regular fixed account. You may not transfer contract value to the Special DCA fixed account. You may not transfer contract value from the Special DCA fixed account except as part of automated monthly transfers.

The date your request to transfer will be processed depends on when and how we receive it:

For transfer requests received in writing:

• If we receive your transfer request at our Service Center in good order before the close of the NYSE (4:00 pm Eastern time unless the NYSE closes earlier), we will process your transfer using the accumulation unit value we calculate on the valuation date we received your transfer request.

• If we receive your transfer request at our Service Center in good order at or after the close of the NYSE (4:00 pm Eastern time unless the NYSE closes earlier), we will process your transfer using the accumulation unit value we calculate on the next valuation date after we received your transfer request.

For transfer requests received by phone:

• If we receive your transfer request at our Service Center in good order before the close of the NYSE (4:00 pm Eastern time unless the NYSE closes earlier), we will process your transfer using the accumulation unit value we calculate on the valuation date we received your transfer request.

• If we receive your transfer request at our Service Center in good order at or after the close of the NYSE (4:00 pm Eastern time unless the NYSE closes earlier), we will process your transfer using the accumulation unit value we calculate on the next valuation date after we received your transfer request.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 45

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If you were not able to complete your transaction before the close of business for any reason, including telephone service interruptions or delays due to high call volume, we will process your transaction using the accumulation unit value we calculate on the next valuation date.

There is no charge for transfers. Before making a transfer, you should consider the risks involved in changing investments. Transfers out of the GPAs will be subject to an MVA if done more than 30 days before the end of the guarantee period, unless an exception applies.

We may suspend or modify transfer privileges at any time, subject to state regulatory requirements.

For information on transfers after annuity payouts begin, see "Transfer Policies" below.

**Transfer Policies** 

**<u>For</u> *<u>RAVA 5 Advantage</u>* <u>and</u> *<u>RAVA 5 Select</u>*** 

• Before the annuitization start date, you may transfer contract values between the subaccounts, or from the subaccounts to the GPAs and the regular fixed account at any time. However, if you made a transfer from the regular fixed account to the subaccounts or the GPAs, took a partial surrender from the fixed account or terminated automated transfers from the Special DCA fixed account, you may not make a transfer from any subaccount or GPA to the regular fixed account for six months following that transfer, partial surrender or termination.

• You may transfer contract values from the regular fixed account to the subaccounts or the GPAs once a year on or within 30 days before or after the contract anniversary (except for automated transfers, which can be set up at any time for certain transfer periods subject to certain minimums). Transfers from the regular fixed account are not subject to an MVA. Currently, you may transfer the entire contract value to the regular fixed account. Subject to state restrictions, we reserve the right to limit transfers to the regular fixed account at any time on a non-discriminatory basis with notification. Transfers out of the regular fixed account, including automated transfers, are limited to 30% of regular fixed account value at the beginning of the contract year<sup>(1)</sup> or $10,000, whichever is greater. Because of this limitation, it may take you several years to transfer all your contract value from the regular fixed account. You should carefully consider whether the regular fixed account meets your investment criteria before you invest. Subject to state restrictions, we reserve the right to change the percentage allowed to be transferred from the regular fixed account at any time on a non-discriminatory basis with notification.

• You may transfer contract values from a GPA any time after 60 days of transfer or payment allocation to the account. Transfers made more than 30 days before the end of the guarantee period will receive an MVA, which may result in a gain or loss of contract value, unless an exception applies (see "Charges and Adjustments – Adjustments – Market Value Adjustments").

• You may not transfer contract values from the subaccounts, the GPAs or the regular fixed account into the Special DCA fixed account. However, you may transfer contract values as automated monthly transfers from the Special DCA fixed account to the subaccounts, or the PN program investment option in effect. (See "Special DCA Fixed Account.")

• After the annuitization start date, you may not make transfers to or from the GPAs or the fixed account, but you may make transfers once per contract year among the subaccounts. During the annuity payout period, we reserve the right to limit the number of subaccounts in which you may invest. On the annuitization start date, you must transfer all contract value out of your GPAs and Special DCA fixed account.

&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup>

All purchase payments received into the regular fixed account prior to your transfer request are considered your beginning of contract year value during the first contract year.

**<u>For</u> *<u>RAVA 5 Access</u>*** 

• Before the annuitization start date, you may transfer contract values between the subaccounts, or from the subaccounts to the GPAs at any time.

• You may transfer contract values from a GPA any time after 60 days of transfer or payment allocation to the account. Transfers made more than 30 days before the end of the guarantee period will receive an MVA, which may result in a gain or loss of contract value, unless an exception applies (see "Charges and Adjustments – Adjustments – Market Value Adjustments").

• You may not transfer contract values from the subaccounts or the GPAs into the Special DCA fixed account. However, you may transfer contract values as automated monthly transfers from the Special DCA fixed account to the subaccounts or the PN program investment option in effect. (See "Special DCA Fixed Account.") After the annuitization start date, you may not make transfers to or from the GPAs, but you may make transfers once per contract year among the subaccounts. During the annuity payout period, we reserve the right to limit the number of subaccounts in which you may invest. On the annuitization start date, you must transfer all contract value out of your GPAs and Special DCA fixed account.

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46 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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**Market Timing** 

Market timing can reduce the value of your investment in the contract. If market timing causes the returns of an underlying fund to suffer, contract value you have allocated to a Subaccount that invests in that underlying fund will be lower too. Market timing can cause you, any joint owner of the contract and your beneficiary(ies) under the contract a financial loss.

**We seek to prevent market timing. Market timing is frequent or short-term trading activity. We do not accommodate short-term trading activities. Do not buy a contract if you wish to use short-term trading strategies to manage your investment. The market timing policies and procedures described below apply to transfers among the Subaccounts within the contract. The underlying funds in which the Subaccounts invest have their own market timing policies and procedures. The market timing policies of the underlying funds may be more restrictive than the market timing policies and procedures we apply to transfers among the Subaccounts of the contract, and may include redemption fees. We reserve the right to modify our market timing policies and procedures at any time without prior notice to you.** 

Market timing may hurt the performance of an underlying fund in which a Subaccount invests in several ways, including but not necessarily limited to:

• diluting the value of an investment in an underlying fund in which a Subaccount invests;

• increasing the transaction costs and expenses of an underlying fund in which a Subaccount invests; and

• preventing the investment adviser(s) of an underlying fund in which a Subaccount invests from fully investing the assets of the Fund in accordance with the Fund's investment objectives.

Funds available as investment options under the contract that invest in securities that trade in overseas securities markets may be at greater risk of loss from market timing, as market timers may seek to take advantage of changes in the values of securities between the close of overseas markets and the close of U.S. markets. Also, the risks of market timing may be greater for underlying funds that invest in securities such as small cap stocks, high yield bonds, or municipal securities, that may be traded infrequently.

**In order to help protect you and the underlying funds from the potentially harmful effects of market timing activity, we apply the following market timing policy to discourage frequent transfers of contract value among the Subaccounts of the Variable Account:** 

We try to distinguish market timing from transfers that we believe are not harmful, such as periodic rebalancing for purposes of an asset allocation, dollar-cost averaging and asset rebalancing program that may be described in this prospectus. There is no set number of transfers that constitutes market timing. Even one transfer in related accounts may be market timing. We seek to restrict the transfer privileges of a contract owner who makes more than three Subaccount transfers in any 90-day period. We also reserve the right to refuse any transfer request, if, in our sole judgment, the dollar amount of the transfer request would adversely affect unit values.

If we determine, in our sole judgment, that your transfer activity constitutes market timing, we may modify, restrict or suspend your transfer privileges to the extent permitted by applicable law, which may vary based on the state law that applies to your contract and the terms of your contract. These restrictions or modifications may include, but not be limited to:

• requiring transfer requests to be submitted only by first-class U.S. mail;

• not accepting hand-delivered transfer requests or requests made by overnight mail;

• not accepting telephone or electronic transfer requests;

• requiring a minimum time period between each transfer;

• not accepting transfer requests of an agent acting under power of attorney;

• limiting the dollar amount that you may transfer at any one time;

• suspending the transfer privilege; or

• modifying instructions under an automated transfer program to exclude a restricted fund if you do not provide new instructions.

Subject to applicable state law and the terms of each contract, we will apply the policy described above to all contract owners uniformly in all cases. We will notify you in writing after we impose any modification, restriction or suspension of your transfer rights.

Because we exercise discretion in applying the restrictions described above, we cannot guarantee that we will be able to identify and restrict all market timing activity. In addition, state law and the terms of some contracts may prevent us from stopping certain market timing activity. Market timing activity that we are unable to identify and/or restrict may impact the performance of the underlying funds and may result in lower contract values.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 47

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**In addition to the market timing policy described above, which applies to transfers among the Subaccounts within your contract, you should carefully review the market timing policies and procedures of the underlying funds. The market timing policies and procedures of the underlying funds may be materially different than those we impose on transfers among the Subaccounts within your contract and may include mandatory redemption fees as well as other measures to discourage frequent transfers. As an intermediary for the underlying funds, we are required to assist them in applying their market timing policies and procedures to transactions involving the purchase and exchange of Fund shares. This assistance may include but not be limited to providing the underlying fund upon request with your Social Security Number, Taxpayer Identification Number or other United States government-issued identifier and the details of your contract transactions involving the underlying fund. An underlying fund, in its sole discretion, may instruct us at any time to prohibit you from making further transfers of contract value to or from the underlying fund, and we must follow this instruction. We reserve the right to administer and collect on behalf of an underlying fund any redemption fee imposed by an underlying fund. Market timing policies and procedures adopted by underlying funds may affect your investment in the contract in several ways, including but not limited to:** 

• Each Fund may restrict or refuse trading activity that the Fund determines, in its sole discretion, represents market timing.

• Even if we determine that your transfer activity does not constitute market timing under the market timing policies described above which we apply to transfers you make under the contract, it is possible that the underlying fund's market timing policies and procedures, including instructions we receive from a Fund, may require us to reject your transfer request. For example, we will attempt to execute transfers permitted under any asset allocation, dollar-cost averaging and asset rebalancing programs that may be described in this prospectus, we cannot guarantee that an underlying fund's market timing policies and procedures will do so. Orders we place to purchase Fund shares for the Variable Accounts are subject to acceptance by the Fund. We reserve the right to reject without prior notice to you any transfer request if the Fund does not accept our order.

• Each underlying fund is responsible for its own market timing policies, and we cannot guarantee that we will be able to implement specific market timing policies and procedures that a Fund has adopted. As a result, a Fund's returns might be adversely affected, and a Fund might terminate our right to offer its shares through the Variable Account.

• Funds that are available as investment options under the contract may also be offered to other intermediaries who are eligible to purchase and hold shares of the Fund, including without limitation, separate accounts of other insurance companies and certain retirement plans. Even if we are able to implement a Fund's market timing policies, we cannot guarantee that other intermediaries purchasing that same Fund's shares will do so, and the returns of that Fund could be adversely affected as a result.

**For more information about the market timing policies and procedures of an underlying fund, the risks that market timing pose to that Fund, and to determine whether an underlying fund has adopted a redemption fee, see that Fund's prospectus.**

How to Request a Transfer or Surrender

**1 By automated transfers and automated partial surrenders**

Your financial advisor can help you set up automated transfers among your subaccounts, GPAs or regular fixed account (if available) or automated partial surrenders from the GPAs, regular fixed account (if available), Special DCA fixed account or the subaccounts.

You can start or stop this service by written request or other method acceptable to us. You must allow 30 days for us to change any instructions that are currently in place.

• Automated transfers from the regular fixed account are limited to 30% of the regular fixed account value at the beginning of the contract year or $10,000, whichever is greater.

• Automated surrenders may be restricted by applicable law under some contracts.

• You may not make additional systematic payments if automated partial surrenders are in effect.

• If you have *a SecureSource Stages 2* rider or APB rider, you are not allowed to set up automated transfers except in connection with a Special DCA fixed account (see "Special DCA Fixed Account" and "Investment Allocation Restrictions ").

• Automated partial surrenders may result in income taxes and penalties on all or part of the amount surrendered.

• The balance in any account from which you make an automated transfer or automated partial surrender must be sufficient to satisfy your instructions. If not, we will suspend your entire automated arrangement until the balance is adequate.

• If you have a *SecureSource Stages 2* rider, you may set up automated partial surrenders up to the benefit available for withdrawal under the rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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48 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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---

| | |
|:---|:---|
| **Minimum amount** |  |
| Transfers or surrenders: | $50 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Maximum amount** |  |
| Transfers or surrenders: | None (except for automated transfers from the regular fixed account) |

---

**2 By telephone**

Call:

**1-800-862-7919** 

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| | |
|:---|:---|
| **Minimum amount** |  |
| Transfers or surrenders: | $250 or entire account balance |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Maximum amount** |  |
| Transfers: | Contract value or entire account balance |
| Surrenders: | $100000 |

---

We answer telephone requests promptly, but you may experience delays when the call volume is unusually high. If you are unable to get through, use the mail procedure as an alternative.

We will honor any telephone transfer or surrender requests that we believe are authentic and we will use reasonable procedures to confirm that they are. This includes asking identifying questions and recording calls. As long as we follow the procedures, we (and our affiliates) will not be liable for any loss resulting from fraudulent requests.

Telephone transfers or surrenders are automatically available. You may request that telephone transfers or surrenders not be authorized from your account by writing to us.

**3 By letter**

Send your name, contract number, Social Security Number or Taxpayer Identification Number\* and signed request for a transfer or surrender to:

**RiverSource Life Insurance Company** <br>**70100 Ameriprise Financial Center** <br>**Minneapolis, MN 55474** 

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| | |
|:---|:---|
| **Minimum amount** |  |
| Transfers or surrenders: | $250 or entire account balance\*\* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **Maximum amount** |  |
| Transfers or surrenders: | Contract value or entire account balance |

---

\*

Failure to provide your Social Security Number or Taxpayer Identification Number may result in mandatory tax withholding on the taxable portion of the distribution.

\*\*

The contract value after a partial surrender must be at least $500.

Surrenders

You may surrender all or part of your contract at any time before the annuitization start date by sending us a written request or calling us.

The date your surrender request will be processed depends on when and how we receive it:

For surrender requests received in writing:

• If we receive your surrender request at our Service Center in good order before the close of the NYSE (4:00pm Eastern time unless the NYSE closes earlier), we will process your surrender using the accumulation unit value we calculate on the valuation date we received your surrender request.

• If we receive your surrender request at our Service Center in good order at or after the close of the NYSE (4:00pm Eastern time unless the NYSE closes earlier), we will process your surrender using the accumulation unit value we calculate on the next valuation date after we received your surrender request.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 49

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For surrender requests received by phone:

• If we receive your surrender request at our Service Center in good order before the close of the NYSE (4:00pm Eastern time unless the NYSE closes earlier), we will process your surrender using the accumulation unit value we calculate on the valuation date we received your surrender request.

• If we receive your surrender request at our Service Center in good order at or after the close of the NYSE (4:00pm Eastern time unless the NYSE closes earlier), we will process your surrender using the accumulation unit value we calculate on the next valuation date after we received your surrender request.

If you were not able to complete your transaction before the close of business for any reason, including telephone service interruptions or delays due to high call volume, we will process your transaction using the accumulation unit value we calculate on the next valuation date.

We may ask you to return the contract. You may have to pay a contract administrative charge, surrender charges, or any applicable optional rider charges (see "Charges and Adjustments") and federal income taxes and penalties. State and local income taxes may also apply. (see "Taxes") You cannot make surrenders after the annuitization start date except if you elect an annuity payout plan with guaranteed payouts.

Any partial surrender you take under the contract will reduce your contract value. As a result, the value of your death benefit or any optional benefits you have elected also will be reduced. If you have elected *a SecureSource Stages 2* rider and your partial surrenders in any contract year exceed the permitted surrender amount under the terms of the rider, your benefits under the rider will be reduced (see "Optional Benefits – Optional Living Benefits"). The first partial surrender request during the 1-year waiting period and any partial surrender request that exceeds the amount allowed under the rider(s) and impacts the guarantees provided, will not be considered in good order until we receive a signed Benefit Impact Acknowledgement form showing the projected effect of the surrender on the rider benefits or a verbal acknowledgement that you understand and accept the impacts that have been explained to you.

In addition, surrenders you are required to take to satisfy the RMDs under the Code may reduce the value of certain death benefits and optional benefits (see "Taxes – Qualified Annuities – Required Minimum Distributions").

Surrender Policies

If you have a balance in more than one account and you request a partial surrender, we will automatically surrender money from all your subaccounts, Special DCA fixed account, GPAs and/or the regular fixed account in the same proportion as your value in each account correlates to your total contract value, unless requested otherwise. If your contract includes a *SecureSource Stages 2* rider you do not have the option to request from which account to surrender. The minimum contract value after partial surrender is $500 (for contracts with *a SecureSource Stages 2* rider, there is no minimum).

Receiving Payment

**1 By electronic payment**

• request that payment be sent electronically to your bank;

• pre-authorization required.

**2 By regular or express mail**

• payable to you;

• mailed to address of record.

**NOTE:** We will charge you a fee if you request express mail delivery.

We may choose to permit you to have checks issued and delivered to an alternate payee or to an address other than your address of record. We may also choose to allow you to direct wires or other electronic payments to accounts owned by a third-party. We may have additional good order requirements that must be met prior to processing requests to make any payments to a party other than the owner or to an address other than the address of record. These requirements will be designed to ensure owner instructions are genuine and to prevent fraud.

Normally, we will send the payment within seven days after receiving your request in good order. However, we may postpone the payment if:

–

the NYSE is closed, except for normal holiday and weekend closings;

–

trading on the NYSE is restricted, according to SEC rules;

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50 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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–

an emergency, as defined by SEC rules, makes it impractical to sell securities or value the net assets of the accounts; or

–

the SEC permits us to delay payment for the protection of security holders.

We may also postpone payment of the amount attributable to a purchase payment as part of the total surrender amount until cleared from the originating financial institution.

Changing the Annuitant

If you have a nonqualified annuity and are a natural person (excluding a revocable trust), you may change the annuitant or contingent annuitant if the request is made prior to the annuitization start date and while the existing annuitant or contingent annuitant is living. The change will become binding on us when we receive it. If you and the annuitant are not the same person and the annuitant dies before the annuitization start date, the owner becomes the annuitant unless a contingent annuitant has been previously selected. You may not change the annuitant if you have a qualified annuity or there is non-natural or revocable trust ownership. Joint annuitants are not allowed for contracts with a *SecureSource Stages 2 Single Life* rider.

Changing Ownership

You may change ownership of your nonqualified annuity at any time by completing a change of ownership form we approve and sending it to our Service Center. We will honor any change of ownership request received in good order that we believe is authentic, and we will use reasonable procedures to confirm authenticity. If we follow these procedures, we will not take any responsibility for the validity of the change.

If you have a nonqualified annuity, you may incur income tax liability by transferring, assigning or pledging any part of it. (See "Taxes.")

If you have a qualified annuity, you may not sell, assign, transfer, discount or pledge your contract as collateral for a loan, or as security for the performance of an obligation or for any other purpose except as required or permitted by the Code. However, if the owner is a trust or custodian, or an employer acting in a similar capacity, ownership of the contract may be transferred to the annuitant.

Please consider carefully whether or not you wish to change ownership of your annuity contract. If you elected any optional contract features or riders and any owner was not an owner before the change, all owners (including any prior owner who is still an owner after the ownership change) will be subject to all limitations and/or restrictions of those features or riders just as if they were purchasing a new contract. Our current administrative process requires only the new owner to meet the age limitations. We can stop this administrative process at any time.

The death benefit may change due to a change of ownership.

• The Benefit Protector Plus rider will terminate upon transfer of ownership of the annuity contract.

• If you have the Benefit Protector rider, if any owner is older than age 75 immediately following the ownership change, the rider will terminate upon change of ownership. If all owners are younger than age 76, the rider continues unless the owner chooses to terminate it during the 30-day window following the effective date of the ownership change. The Benefit Protector death benefit values may be reset (see "Optional Benefits – Optional Death Benefits – Benefit Protector Death Benefit Rider").

• If you elected the ROPP Death Benefit and if any owner is older than age 79 immediately following the ownership change, the ROPP Death Benefit will continue. If all owners are age 79 or younger, the ROPP Death Benefit will terminate and the Standard Death Benefit will apply.

• If you elected the 5-Year MAV Death Benefit and if any owner is older than age 75 immediately following the ownership change, this rider will terminate and the Standard Death Benefit will apply. If all owners are age 75 or younger, the 5-Year MAV Death Benefit will continue.

• If you elected the MAV Death Benefit, the 5% Accumulation Death Benefit or the EDB and if any owner is older than age 79 immediately following the ownership change, these riders will terminate and the Standard Death Benefit will apply. If all owners are age 79 or younger, the MAV Death Benefit, 5% Accumulation Death Benefit or EDB will continue.

• The ROPP Death Benefit, MAV Death Benefit, 5-Year MAV Death Benefit, 5% Accumulation Death Benefit and EDB values may be reset (see "Benefits in the Case of Death").

• If the death benefit that applies to your contract changes due to an ownership change, the mortality and expense risk fee may change as well (see "Charges and Adjustments – Annual Contract Expenses – Mortality and Expense Risk Fee").

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 51

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For the *SecureSource Stages 2* – Single Life rider, an ownership change that would result in a different covered person will terminate the rider, subject to state restrictions. Effective May 1, 2016, you cannot add a joint owner or a joint annuitant.

The *SecureSource Stages 2* – Joint Life rider, if selected, only allows transfer of the ownership of the annuity contract between covered spouses or their revocable trust(s). If ownership is transferred from a covered spouse to their revocable trust(s), the annuitant must be one of the covered spouses. No other ownership changes are allowed while this rider is in force, subject to state restrictions.

The Accumulation Protector Benefit rider will continue upon change of ownership. (See "Optional Benefits.")

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52 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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Benefits Available Under the Contract

The following table summarizes information about the benefits available under the Contract.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of Restrictions/** <br> **Limitations**<br>|
| **Standard Benefits** | **Standard Benefits** | **Standard Benefits** | **Standard Benefits** | **Standard Benefits** |
| **Dollar Cost** <br> **Averaging**<br>| Allows the systematic <br> transfer of a specified <br> dollar amount among <br> the subaccounts or <br> from the regular fixed <br> account to one or more <br> eligible subaccounts<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Transfers not available to the <br> regular fixed account<br> •Transfers out of the regular fixed <br> account, including automated <br> transfers, are limited to 30% of <br> regular fixed account value at the <br> beginning of the contract year or <br> $10,000, whichever is greater<br> •Not available with a living benefit<br>|
| **Special Dollar** <br> **Cost Averaging** <br> **(SDCA)**<br>| Allows the systematic <br> transfer from the <br> Special DCA fixed <br> account to one or more <br> eligible subaccounts<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Must be funded with a purchase <br> payment, not transferred contract <br> value<br> •Only 6-month and 12-month options <br> are available<br> •Transfers occur on a monthly basis <br> and the first monthly transfer <br> occurs one day after we receive <br> your purchase payment<br> •You may not use the regular fixed <br> account, GPA account, or the <br> Special DCA fixed account as a <br> destination for the Special DCA <br> monthly transfer<br>|
| **Asset** <br> **Rebalancing**<br>| Allows you to have your <br> investments <br> periodically rebalanced <br> among the <br> subaccounts to your <br> pre-selected <br> percentages<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •You must have $2,000 in Contract <br> Value to participate.<br> •We require 30 days' notice for you <br> to change or cancel the program<br> •You can request rebalancing to be <br> done either quarterly, semiannually <br> or annually<br>|
| **Income Guide** | Provides reporting and <br> monitoring of <br> withdrawals you take <br> from your annuity.<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Contract owners must be at least <br> age 50 and no older than age 85<br> •Available only if the servicing <br> broker-dealer on your contract is <br> Ameriprise Financial Services, LLC<br> •Not available with a living benefit<br> •Not available if you are making <br> substantially equal withdrawals<br> •Not available if you have more than <br> one systematic withdrawal program <br> in place<br> •Systematic withdrawals must be set <br> up according to the all the terms of <br> Income Guide<br> •Your contract cannot have any loans<br>|
| **Automated** <br> **Partial** <br> **Surrenders/**<br> **Systematic**<br>| Allows automated <br> partial surrenders from <br> the contract<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Additional systematic payments are <br> not allowed with automated partial <br> surrenders <br>|

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 53

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of Restrictions/** <br> **Limitations**<br>|
| **Withdrawals** |  |  |  | &nbsp;&nbsp;&nbsp; •For contracts with a *SecureSource* <br> *Stages 2* rider you may set up <br> automated partial surrenders up to <br> the benefit available for withdrawals <br> under the rider<br> •May result in income taxes and IRS <br> penalty on all or a portion of the <br> amounts surrendered<br>|
| **Nursing Home or** <br> **Hospital** <br> **Confinement**<br>| Allows you to withdraw <br> contract value without <br> a<br> surrender charge<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •You must be confined to a hospital <br> or nursing home for the prior <br> 60 days or confinement began <br> within 30 days following a 60 day <br> confinement period<br> •You must be under age 76 on the <br> contract issue date and <br> confinement must start after the <br> contract issue date<br> •Must receive your surrender request <br> no later than 91 days after your <br> release from the hospital or nursing <br> home<br> •Amount withdrawn must be paid <br> directly to you<br>|
| **Terminal Illness** | Allows you to withdraw <br> contract value without <br> a<br> surrender charge<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Terminal Illness diagnosis must <br> occur in after the first contract year<br> •Must be terminally ill and not <br> expected to live more than 12 <br> months<br> •Amount withdrawn must be paid <br> directly to you<br>|
| **Standard Death** <br> **Benefit** <br> **(available for** <br> **contract owners** <br> **age 79 and** <br> **younger)**<br>| Provides a guaranteed <br> death benefit equal to <br> the greatest of the <br> Return of Purchase <br> Payment Value (ROPP),<br> Contract Value after <br> any rider charges have <br> been deducted, or the <br> Full Surrender Value<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals, and such reductions <br> could be significant<br> •Annuitizing the Contract terminates <br> the benefit.<br>|
| **Standard Death** <br> **Benefit** <br> **(available if any** <br> **contract owner** <br> **is age 80 and** <br> **older)**<br>| Provides a minimum <br> death benefit equal to <br> the greater of the <br> Contract Value after <br> any rider charges have <br> been deducted or the <br> Full Surrender Value<br>| N/A | N/A | &nbsp;&nbsp;&nbsp; •Annuitizing the Contract terminates <br> the benefit<br>|
| **Optional Benefits** | **Optional Benefits** | **Optional Benefits** | **Optional Benefits** | **Optional Benefits** |
| **ROPP Death** <br> **Benefit**<br>| Provides a guaranteed <br> death benefit equal to <br> the greatest of the <br> Return of Purchase <br> Payment <br> Value,Contract Value <br> after any rider charges<br>| 0.35% of <br> average daily <br> contract value <br> in the variable <br> account<br>| 0.35% | &nbsp;&nbsp;&nbsp; •Available if any owner is age 80 and <br> older<br> •Must be elected at contract issue<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of Restrictions/** <br> **Limitations**<br>|
|  | have been deducted, <br> or the Full Surrender <br> Value<br>|  |  | &nbsp;&nbsp;&nbsp; withdrawals, and such reductions <br> could be significant<br> •Annuitizing the Contract terminates <br> the benefit<br>|
| **MAV Death** <br> **Benefit**<br>| Increases the <br> guaranteed death <br> benefit to the highest <br> anniversary contract <br> value, adjusted for any <br> partial surrenders<br>| 0.25% of <br> average daily <br> contract value <br> in the variable <br> account<br>| 0.25% | &nbsp;&nbsp;&nbsp; •Available to owners age 79 and <br> younger<br> •Must be elected at contract issue<br> •No longer eligible to increase on <br> any contract anniversary following <br> your 81st birthday.<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals. Such reductions could <br> be significant.<br> •Annuitizing the Contract terminates <br> the benefit<br>|
| **5-year MAV** <br> **Death Benefit**<br>| Increases the <br> guaranteed death <br> benefit to the highest <br> 5th anniversary <br> contract value, <br> adjusted for any partial <br> surrenders<br>| 0.10% of <br> average daily <br> contract value <br> in the variable <br> account<br>| 0.10% | &nbsp;&nbsp;&nbsp; •Available to owners age 75 and <br> younger<br> •Must be elected at contract issue<br> •No longer eligible to increase on <br> any contract anniversary following <br> your 81st birthday.<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals. Such reductions could <br> be significant<br> •Annuitizing the Contract terminates <br> the benefit<br>|
| **5% Accumulation** <br> **Death Benefit**<br>| Increases the <br> guaranteed death <br> benefit to the 5% <br> accumulation death <br> benefit, adjusted for <br> any partial surrenders<br>| 0.40% of <br> average daily <br> contract value <br> in the variable <br> account<br>| 0.40% | &nbsp;&nbsp;&nbsp; •Available to owners age 79 and <br> younger<br> •Must be elected at contract issue<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals. Such reductions could <br> be significant<br> •Annuitizing the Contract terminates <br> the benefit<br>|
| **Enhanced Death** <br> **Benefit**<br>| Increases the <br> guaranteed death <br> benefit to the greater <br> of MAV and the 5% <br> accumulation death <br> benefit, adjusted for <br> any partial surrenders<br>| 0.45% of <br> average daily <br> contract value <br> in the variable <br> account<br>| 0.45% | &nbsp;&nbsp;&nbsp; •Available to owners age 79 and <br> younger<br> •Must be elected at contract issue<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals. Such reductions could <br> be significant<br> •Annuitizing the Contract terminates <br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of Restrictions/** <br> **Limitations**<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp; the benefit |
| **Benefit Protector** <br> **Death Benefit**<br>| Provides an additional <br> death benefit, based <br> on a percentage of <br> contract earnings, to <br> help offset expenses <br> after death such as <br> funeral expenses or <br> federal and state taxes<br>| 0.25% of <br> contract value<br>| 0.25% | &nbsp;&nbsp;&nbsp; •Available to owners age 75 and <br> younger<br> •Must be elected at contract issue<br> •Only available if elected with the <br> Standard Death Benefit (for owners <br> age 79 or younger), MAV and 5-year <br> MAV<br> •For contract owners age 70 and <br> older, the benefit decreases from <br> 40% to 15% of earnings<br> •Annuitizing the Contract terminates <br> the benefit<br>|
| **Benefit Protector** <br> **Plus Death** <br> **Benefit**<br>| Provides an additional <br> death benefit, based <br> on a percentage <br> of contract earnings <br> and a percentage of <br> exchange purchase <br> payments, to help <br> offset expenses after <br> death such as funeral <br> expenses or federal <br> and state taxes<br>| 0.40% of <br> contract value<br>| 0.40% | &nbsp;&nbsp;&nbsp; •Available to owners age 75 and <br> younger<br> •Must be elected at contract issue<br> •Available only under annuities <br> purchased through an exchange, <br> transfer or rollover from another <br> annuity or life insurance contract<br> •Exchanged purchase payments <br> must be received within 6 months <br> from issue and not previously <br> surrendered<br> •Only available if elected with the <br> Standard Death Benefit (for owners <br> age 79 or younger), MAV and 5-year <br> MAV<br> •For contract owners age 70 and <br> older, the benefit decreases from <br> 40% to 15% of earnings<br> •The percentage of purchase <br> payments varies by age and is <br> subject to a vesting schedule.<br> •Annuitizing the Contract terminates <br> the benefit<br>|
| ***SecureSource*** <br> ***Stages 2***<br>| Provides lifetime <br> income regardless of <br> investment <br> performance<br>| ***Single*** <br> ***Life:*** 1.75%<br> ***Joint*** <br> ***Life:*** 2.25% of <br> contract<br> value or the <br> Benefit Base, <br> whichever is <br> greater <br>| Varies by issue <br> date<br>| &nbsp;&nbsp;&nbsp; •Available to owners age 85 or <br> younger<br> •Must be elected at contract issue<br> •Available as a Single Life or Joint <br> Life option<br> •Not available under an inherited <br> qualified annuity<br> •Subject to Investment Allocation <br> restrictions<br> •Certain withdrawals could <br> significantly reduce the guaranteed <br> amounts under the rider and the <br> rider will terminate if the contract <br> value goes to zero due to an excess <br> withdrawal<br> •Limits additional purchase <br> payments<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Current Fee** | **Brief Description of Restrictions/** <br> **Limitations**<br>|
| **Accumulation** <br> **Protector** <br> **Benefit**<sup>®</sup> <br>| Provides 100% of <br> initial investment or <br> 80% of highest <br> contract anniversary <br> value (adjusted for <br> partial surrenders) at <br> the end of 10 year <br> waiting period, <br> regardless of <br> investment <br> performance<br>| 1.75% of <br> contract value <br> or the Minimum <br> Contract <br> Accumulation <br> Value, <br> whichever is <br> greater<br>| Varies by issue <br> date, elective <br> step up date <br> and the Fund <br> selected<br>| &nbsp;&nbsp;&nbsp; •Available to owners age 80 or <br> younger<br> •Must be elected at contract issue<br> •Not available with *SecureSource* <br> *Stages 2* benefit rider<br> •Withdrawals will proportionately <br> reduce the benefit, which means <br> your benefit could be reduced by <br> more than the dollar amount of your <br> withdrawals. Such reductions could <br> be significant<br> •The rider ends when the Waiting <br> Period expires<br> •Limitations on additional purchase <br> payments<br> •Subject to Investment Allocation <br> restrictions<br> •Step ups restart the Waiting Period<br>|

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Benefits in Case of Death – Standard Death Benefit

We will pay the death benefit to your beneficiary upon your death if you die before the annuitization start date with the contract value greater than zero. If a contract has more than one person as the owner, we will pay benefits upon the first to die of any owner.

If you are age 79 or younger on the date we issue the contract or the date of the most recent covered life change, the beneficiary receives the greater of:

• the contract value after any rider charges have been deducted;

• the Return of Purchase Payments (ROPP) value; or

• the Full Surrender Value.

If you are age 80 or older on the date we issue the contract or the date of the most recent covered life change, the beneficiary receives the greater of contract value after any rider charges have been deducted or the Full Surrender Value.

**Here are some terms that are used to describe the Standard Death Benefit and optional death benefits:** 

**ROPP Value:** is the total purchase payments on the contract issue date. Additional purchase payments will be added to the ROPP value. Adjusted partial surrenders will be subtracted from the ROPP value.

**Adjusted partial surrenders** 

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| |
|:---|
| **PS** × **DB** |
| **CV** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| PS | = | amount by which the contract value is reduced as a result of the partial surrender. |
| DB | = | the applicable ROPP value, MAV value or 5-year MAV value on the date of (but prior to) the partial <br> surrender.<br>|
| CV | = | the contract value on the date of (but prior to) the partial surrender. |

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If you take a partial surrender, the applicable ROPP, MAV, or 5-year MAV value will be reduced proportionally based on the percentage of contract value that is withdrawn. This means that if the contract value is higher than the ROPP, MAV, or 5-year MAV value at the time of a partial surrender, then the ROPP, MAV, or 5-year MAV Value is reduced by an amount that is less than the dollar amount withdrawn. Conversely, if the contract value is lower than the ROPP, MAV, or 5-year MAV value at the time of a partial surrender, then the ROPP, MAV, or 5-year MAV value is reduced by an amount that is more than the dollar amount withdrawn.

**Covered Life Change:** is either continuation of the contract by a spouse under the spousal continuation provision, or an ownership change where any owner after the ownership change was not an owner prior to the change.

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**Full Surrender Value:** is the contract value immediately prior to the surrender (immediately prior to payment of a death claim for death benefits) less:

any surrender charge,

pro rata rider charges,

the contract charge, and

plus:

any positive or negative market value adjustment.

For a spouse who continues the contract and is age 79 or younger, we set the ROPP value to the contract value on the date of the continuation after any rider charges have been deducted and after any increase to the contract value due to the death benefit that would otherwise have been paid, but with no reduction for rider charges on riders that remain in force and without regard to the Full Surrender Value.

After a covered life change other than for the spouse who continues the contract, if the prior owner and all current owners are eligible for the ROPP Death Benefit, we reset the ROPP value on the valuation date we receive your request for the ownership change to the contract value after any rider charges have been deducted, if the contract value is less. If the prior owner was not eligible for the ROPP Death Benefit, but the new owner is eligible, we reset the ROPP value to the contract value after any rider charges have been deducted on the valuation date we receive your request for the ownership change.

**Example of standard death benefit calculation when you are age 79 or younger on the contract effective date:** 

• You purchase the contract with a payment of $20,000

• During the second contract year the contract value falls to $18,000, at which point you take a $1,500 partial surrender, leaving a contract value of $16,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| We calculate the death benefit as follows: | We calculate the death benefit as follows: |  |
| The total purchase payments minus adjustments for partial surrenders: | The total purchase payments minus adjustments for partial surrenders: | $20000 |
| Total purchase payments minus adjusted partial surrenders, calculated as: | Total purchase payments minus adjusted partial surrenders, calculated as: |  |
| $1,500 × $20,000 | = | –1667 |
| $18000 | = |  |
| for a standard death benefit of: | for a standard death benefit of: | $18333 |
| since this is greater than your contract value of $16,500 | since this is greater than your contract value of $16,500 |  |

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Note, in this case we assume there is not an allocation to a GPA. As a result, there is no possibility of a positive MVA adjustment which could make the Full Surrender Value greater than the contract value component of the death benefit calculation. This is why the example above does not include the Full Surrender Value.

If You Die Before the Annuitization Start Date

When paying the beneficiary, we will process the death claim on the valuation date our death claim requirements are fulfilled. We will determine the contract's value using the accumulation unit value we calculate on that valuation date. We pay interest, if any, at a rate no less than required by law. We will mail payment to the beneficiary within seven days after our death claim requirements are fulfilled. Death claim requirements generally include due proof of death and will be detailed in the claim materials we send upon notification of death.

When paying multiple beneficiaries, we will process the death claim of each beneficiary on the valuation date when a beneficiary provides us with complete death claim requirements. We will determine a beneficiary's proceeds using the accumulation unit value we calculate on that valuation date. The remaining contract value remains invested as was specified at time of death. We pay interest, if any, at a rate no less than required by law. We will mail payment to a beneficiary within seven days after our death claim requirements are fulfilled.

**Nonqualified annuities** 

**Spousal continuation:** If your spouse is sole primary beneficiary and you die before the annuitization start date, your spouse may keep the contract as owner with the contract value equal to the death benefit that would otherwise have been paid (without regard to the Full Surrender Value). To do this your spouse must, on the date our death claim requirements are fulfilled, give us written instructions to continue the contract as owner.

For RAVA5 *Advantage*, there will be no surrender charges on the contract from that point forward unless additional purchase payments are made. For *RAVA 5 Select*, there will be no surrender charges on the contract from that point forward. If you elected any optional contract features or riders, your spouse will be subject to all limitations and/or restrictions of those features or riders just as if they were purchasing a new contract and the values may be reset (see "Optional Living Benefits", Optional Death Benefits" and "Benefits in the Case of Death – Standard Death

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Benefit"). If the death benefit applicable to the contract changes due to spousal continuation, the mortality and expense risk fee may change as well (see "Charges and Adjustments – Annual Contract Expenses – Mortality and Expense Risk Fee").

If your beneficiary is not your spouse, or your spouse does not elect spousal continuation, we will pay the beneficiary in a single sum unless you give us other written instructions. Generally, we must fully distribute the death benefit within five years of your death. However, the beneficiary may receive payouts under any annuity payout plan available under this contract if:

• the beneficiary elects in writing, and payouts begin, no later than one year after your death, or other date as permitted by the IRS; and

• the payout period does not extend beyond the beneficiary's life or life expectancy.

**Qualified annuities** 

The information below has been revised to reflect proposed regulations issued by the Internal Revenue Service that describe the requirements for required minimum distributions when a person or entity inherit assets held in an IRA, 403(b) or qualified retirement plan. This proposal is not final and may change. Contract owners are advised to work with a tax professional to understand their required minimum distribution obligations under the proposed regulations and federal law. The proposed regulations can be found in the Federal Register, Vol. 87, No. 37, dated Thursday, February 24, 2022.

• **Spouse beneficiary:** If you have not elected an annuity payout plan, and if your spouse is the sole primary beneficiary, your spouse may either elect to treat the contract as his/her own (spousal continuation), so long as he or she is eligible to do so, or elect an annuity payout plan or another plan agreed to by us. If your spouse elects a payout option, the payouts must begin no later than the year in which you would have reached age 73. If you attained age 73 at the time of death, payouts must begin no later than Dec. 31 of the year following the year of your death.

Your spouse may elect to assume ownership of the contract with the contract value equal to the death benefit that would otherwise have been paid (without regard to the Full Surrender Value). To do this your spouse must, on the date our death claim requirements are fulfilled, give us written instructions to continue the contract as owner. For RAVA 5 Advantage, there will be no surrender charges on the contract from that point forward unless additional purchase payments are made. For RAVA 5 Select, there will be no surrender charges on the contract from that point forward. If you elected any optional contract features or riders, your spouse will be subject to all limitations and/or restrictions of those features or riders just as if they were purchasing a new contract and the values may be reset (see "Optional Living Benefits", "Optional Death Benefits" and "Benefits in the Case of Death – Standard Death Benefit"). If the death benefit applicable to the contract changes due to spousal continuation, the mortality and expense risk fee may change as well (see "Charges and Adjustments – Annual Contract Expenses – Mortality and Expense Risk Fee"). If your spouse is the sole beneficiary and elects to treat the contract as his/her own as an inherited IRA, the *SecureSource Stages 2* rider will terminate.

If you purchased this contract as an inherited IRA and your spouse is the sole beneficiary, he or she can elect to continue this contract as an inherited IRA. Your spouse must follow the schedule of minimum surrenders established based on your life expectancy and must withdraw his or her entire inherited interest by December 31 of the 10<sup>th</sup> year following your date of death.

If you purchased this contract as an inherited IRA and your spouse is not the sole beneficiary, he or she can elect an alternative payment plan for his or her share of the death benefit and all optional death benefits and living benefits will terminate. Your spouse beneficiary must submit the applicable investment options form or the Portfolio Navigator program enrollment form. No additional purchase payments will be accepted. The death benefit payable on the death of the spouse beneficiary is the greater of the contract value after any rider charges have been deducted and the Full Surrender Value; the mortality and expense risk fee will be the same as is applicable to the Standard Death Benefit. Your spouse must follow the schedule of minimum surrenders established based on your life expectancy and must withdraw his or her entire inherited interest by December 31 of the 10<sup>th</sup> year following your date of death.

• **Non-spouse beneficiary:** If you have not elected an annuity payout plan, and if death occurs on or after Jan. 1, 2020, the beneficiary is required to withdraw his or her entire inherited interest by December 31 of the 10<sup>th</sup> year following your date of death unless they qualify as an "eligible designated beneficiary." Your beneficiary may be required to take distributions during the 10-year period if you died after your Required Beginning Date, as defined under the Code. Eligible designated beneficiaries may continue to take proceeds out over your life expectancy if you died prior to your Required Beginning Date or over the greater of your life expectancy or their life expectancy if you died after your Required Beginning Date. Eligible designated beneficiaries include:

&nbsp;&nbsp;&nbsp;&nbsp;• the surviving spouse;

&nbsp;&nbsp;&nbsp;&nbsp;• a lawful child of the owner under the age of 21 (remaining amount must be withdrawn by the earlier of the end of the year the minor turns 31 or end of the 10th year following the minor's death);

&nbsp;&nbsp;&nbsp;&nbsp;• disabled within the meaning of Code section 72(m)(7);

&nbsp;&nbsp;&nbsp;&nbsp;• chronically ill within the meaning of Code section 7702B(c)(2);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;• any other person who is not more than 10 years younger than the owner.

However, non-natural beneficiaries, such as estates and charities, are subject to a five-year rule to distribute the IRA if you died prior to your Required Beginning Date.

We will pay the beneficiary in a single sum unless the beneficiary elects to receive payouts under any payout plan available under this contract and:

&nbsp;&nbsp;&nbsp;&nbsp;• the beneficiary elects in writing, and payouts begin, no later than one year following the year of your death; and

&nbsp;&nbsp;&nbsp;&nbsp;• the payout period does not extend beyond December 31 of the 10th year following your death or the applicable life expectancy for an eligible designated beneficiary.

• **Spouse and Non-spouse beneficiary:** If a beneficiary elects an alternative payment plan which is an inherited IRA, all optional death benefits and living benefits will terminate. The beneficiary must submit the applicable investment options form. No additional purchase payments will be accepted. The death benefit payable on the death of the beneficiary is the greater of the contract value and the Full Surrender Value; the mortality and expense risk fee will be the same as is applicable to the Standard Death Benefit.

• **Annuity payout plan:** If you elect an annuity payout plan, the payouts to your beneficiary may continue depending on the annuity payout plan you elect, subject to adjustment to comply with the IRS rules and regulations.

If You Die After the Annuitization Start Date

If you die after the annuitization start date, the amount payable, if any, will depend on the annuity payment plan then in effect. Payments to beneficiaries are subject to adjustment to comply with the IRS rules and regulations.

**Death of the owner:** If the owner is the annuitant and dies after the annuitization start date, payments cease for lifetime only payment plans. Payments continue to the owner's beneficiaries for the remainder of any guarantee period or for the lifetime of a surviving joint annuitant, if any.

If the owner is not the annuitant and dies after the annuitization start date, payments continue to the beneficiaries according to the payment plan in effect.

**Death of the annuitant or of a beneficiary receiving payments under an annuity payment plan:** If the owner is not the annuitant and the annuitant dies after the annuitization start date, payments cease for lifetime payment plans. Payments continue to the owner for the remainder of any guarantee period or for the lifetime of a surviving joint annuitant, if any.

If a beneficiary elects an annuity payment plan as provided under the payment options provision above and dies after payments begin, payments continue to beneficiaries named by the deceased beneficiary as provided under the change of beneficiary provision for the remainder of any guarantee period. (See "Annuity Payout Plans.")

In any event, amounts remaining payable must be paid at least as rapidly as payments were being made at the time of such death.

**How we handle contracts under unclaimed property laws** 

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of one to five years from either 1) the contract's maturity date (the latest day on which income payments may begin under the contract) or 2) the date the death benefit is due and payable. If a contract matures or we determine a death benefit is payable, we will use our best efforts to locate you or designated beneficiaries. If we are unable to locate you or a beneficiary, proceeds will be paid to the abandoned property division or unclaimed property office of the state in which the beneficiary or you last resided, as shown in our books and records, or to our state of domicile. Generally, this surrender of property to the state is commonly referred to as "escheatment". To avoid escheatment, and ensure an effective process for your beneficiaries, it is important that your personal address and beneficiary designations are up to date, including complete names, date of birth, current addresses and phone numbers, and taxpayer identification numbers for each beneficiary. Updates to your address or beneficiary designations should be sent to our Service Center.

Escheatment may also be required by law if a known beneficiary fails to demand or present an instrument or document to claim the death benefit in a timely manner, creating a presumption of abandonment. If your beneficiary steps forward (with the proper documentation) to claim escheated annuity proceeds, the state is obligated to pay any such proceeds it is holding.

For nonqualified deferred annuities, non-spousal death benefits are generally required to be distributed and taxed within five years from the date of death of the owner.

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Optional Benefits

The assets held in our general account support the guarantees under your contract, including optional death benefits and optional living benefits. To the extent that we are required to pay you amounts in addition to your contract value under these benefits, such amounts will come from our general account assets. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay our obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account.

Optional Death Benefits

In addition to the Standard Death Benefit, we also offer the following optional death benefits:

• ROPP Death Benefit;

• MAV Death Benefit;

• 5-Year MAV Death Benefit;

• 5% Accumulation Death Benefit;

• Enhanced Death Benefit;

• Benefit Protector Death Benefit; and

• Benefit Protector Plus Death Benefit.

The optional death benefits listed above must be elected at the time you purchase your contract. If it is available in your state and if you are age 75 or younger at contract issue, you can elect any one of the above optional death benefits other than the ROPP death benefit; the MAV, 5% Accumulation and Enhanced are available if you are 79 or younger; you may elect the ROPP Death Benefit if you are age 80 or older. (ROPP is included in the Standard Death Benefit if you are 79 or younger at contract issue.)

Once you elect a death benefit, you cannot change it; however the death benefit that applies to your contract may change due to an ownership change (see "Changing Ownership") or continuation of the contract by the spouse under the spousal continuation provision.

The death benefit determines the mortality and risk expense fee that is assessed against the subaccounts. We will base the benefit paid on the death benefit coverage in effect on the date of your death.

**If available in your state and you are age 80 or older at contract issue, you may select the ROPP death benefit described below at the time you purchase your contract. Be sure to discuss with your financial advisor whether or not this death benefit is appropriate for your situation.**

Return of Purchase Payments (ROPP) Death Benefit

The ROPP Death Benefit will pay your beneficiaries no less than your purchase payments, adjusted for surrenders. If you die before the annuitization start date and while this contract is in force, the death benefit will be the greatest of:

1. the contract value after any rider charges have been deducted,

2. the ROPP Value, or

3. the Full Surrender Value.

For a spouse who continues the contract and is age 80 or older, we reset the ROPP value to the contract value on the date of the continuation after any rider charges have been deducted and after any increase to the contract value due to the death benefit that would otherwise have been paid (without regard to the Full Surrender Value). If the spouse who continues the contract is age 79 or younger, the optional ROPP Death Benefit will terminate and the Standard Death Benefit will apply.

After a covered life change other than for the spouse who continues the contract, if any owner is age 80 or older we reset the ROPP value on the valuation date we receive your request for the ownership change to the contract value after any rider charges have been deducted, if the contract value is less.

If all owners are age 79 or younger, the optional ROPP Death Benefit will terminate and the Standard Death Benefit will apply.

**If available in your state and you are age 75 or younger at contract issue, you may select one of the death benefits described below at the time you purchase your contract. If available in your state and you are between ages 76-79 at contract issue, you may only select the MAV Death Benefit, 5% Accumulation Death Benefit or Enhanced Death** 

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 61

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**Benefit. The death benefits do not provide any additional benefit before the first contract anniversary and may not be appropriate for certain older issue ages because the benefit values may be limited after age 80. Be sure to discuss with your financial advisor whether or not these death benefits are appropriate for your situation.**

Maximum Anniversary Value (MAV) Death Benefit

The MAV Death Benefit provides that if you die while the contract is in force and before the annuitization start date, the death benefit will be the greatest of these values:

1. the contract value after any rider charges have been deducted;

2. the ROPP value;

3. the MAV; or

4. the Full Surrender Value.

The MAV equals the ROPP value prior to the first contract anniversary. Every contract anniversary prior to the earlier of your 81st birthday or your death, we compare the MAV to the current contract value and we reset the MAV to the higher amount. The MAV is increased by any additional purchase payments and reduced by adjusted partial surrenders as described above in the "Benefits in Case of Death — Standard Death Benefit" section.

For a spouse who is age 79 or younger and continues the contract, we reset the MAV to the contract value on the date of the continuation after any rider charges have been deducted and after any increase to the contract value due to the death benefit that would otherwise have been paid (without regard to the Full Surrender Value). If your spouse is age 80 or older when the contract is continued, the MAV death benefit will terminate and the Standard Death Benefit will apply.

After a covered life change other than for a spouse who continues the contract, if all owners are age 79 or younger, we reset the MAV on the valuation date we receive your request for the ownership change to the lesser of these two values:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the contract value after any rider charges have been deducted, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the MAV on that date, but prior to the reset.

If any owner is age 80 or older at the time of the covered life change, the MAV death benefit will terminate and the Standard Death Benefit will apply.

5-Year Maximum Anniversary Value (5-Year MAV) Death Benefit

The 5-year MAV Death Benefit provides that if you die while the contract is in force and before the annuitization start date, the death benefit will be the greatest of these values:

1. the contract value after any rider charges have been deducted;

2. the ROPP value;

3. the 5-year MAV; or

4. the Full Surrender Value.

The 5-year MAV equals the ROPP value prior to the fifth contract anniversary. Every fifth contract anniversary prior to the earlier of your 81st birthday or your death, we compare the 5-year MAV to the current contract value and we reset the 5-Year MAV to the higher amount. The 5-year MAV is increased by any additional purchase payments and reduced by adjusted partial surrenders as described above in the "Benefits in Case of Death — Standard Death Benefit" section.

For a spouse who is age 75 or younger and continues the contract, we reset the 5-Year MAV to the contract value on the date of the continuation after any rider charges have been deducted and after any increase to the contract value due to the death benefit that would otherwise have been paid (without regard to the Full Surrender Value). If your spouse is age 76 or older when the contract was continued, the 5-year MAV death benefit will terminate and the Standard Death Benefit will apply.

After a covered life change other than for a spouse who continues the contract, if all owners are age 75 or younger, we reset the 5-Year MAV on the valuation date we receive your request for the ownership change to the lesser of these two values:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the contract value after any rider charges have been deducted, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the 5-Year MAV on that date, but prior to the reset.

If any owner is age 76 or older at the time of the covered life change, the 5-year MAV death benefit will terminate and the Standard Death Benefit will apply.

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62 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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5% Accumulation Death Benefit

The 5% Accumulation Death Benefit provides that if you die while the contract is in force and before the annuitization start date, the death benefit will be the greatest of these values:

1. the contract value after any rider charges have been deducted;

2. the ROPP value;

3. the 5% accumulation death benefit floor; or

4. the Full Surrender Value.

The key terms and provisions of the 5% Accumulation Death Benefit are:

**5% Accumulation Death Benefit Floor:** is equal to the sum of:

1. the contract value in the Excluded Accounts (currently, regular fixed account and GPAs), if any, and

2. the variable account floor.

**Protected Account Base (PAB) and Excluded Account Base (EAB):** Adjustments to variable account floor require tracking amounts representing purchase payments, not previously surrendered, that are allocated or transferred to the Protected Accounts (currently, subaccounts and the Special DCA fixed account) and Excluded Accounts.

–

PAB equals amounts representing purchase payments, not previously surrendered or transferred, that are in the Protected Accounts.

–

EAB equals amounts representing purchase payments, not previously surrendered or transferred, that are in the Excluded Accounts.

**Variable Account Floor:** Variable account floor is PAB increased on contract anniversaries prior to the earlier of your 81st birthday or your death.

**Net Transfer:** If multiple transfers are made on the same valuation day, they are combined to determine the net amount of contract value being transferred between the Protected Accounts and Excluded Accounts. This net transfer amount is used to adjust the EAB, PAB and variable account floor values.

**Establishment of Variable Account Floor, PAB and EAB** 

On the contract date, 1) variable account floor and PAB are established as your initial purchase payment allocated to the Protected Accounts; and 2) EAB is established as your initial purchase payment allocated to the Excluded Accounts.

**Adjustments to Variable Account Floor, PAB and EAB** 

Variable account floor, PAB and EAB are adjusted by the following:

1. <u>When an additional purchase payment is made;</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) any payment you allocate to the Protected Accounts are added to PAB and to variable account floor, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) any payment you allocate to the excluded accounts are added to EAB.

2. <u>When transfers are made to the Protected Accounts from the Excluded Accounts,</u> we increase PAB and variable account floor, and we reduce EAB.

The amount we deduct from EAB and add to PAB and to variable account floor is calculated for each net transfer using the following formula:

---

| | |
|:---|:---|
| **a × b** | where: |
| **c** | where: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **a** | = | the amount the contract value in the Excluded Accounts is reduced by the net transfer |
| **b** | = | EAB on the date of (but prior to) the transfer |
| **c** | = | the contract value in the Excluded Accounts on the date of (but prior to) the transfer. |

---

3. <u>When partial surrenders are made from the Excluded Accounts,</u> we reduce EAB by the same amount as calculated above for transfers from the Excluded Accounts, using surrender amounts in place of transfer amounts. Partial surrenders from Excluded Accounts do not increase PAB.

4. <u>When transfers are made to the Excluded Accounts from the Protected Accounts,</u> we reduce PAB and variable account floor, and increase EAB.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 63

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The amounts we deduct from PAB and variable account floor are calculated for each net transfer using the following formula:

---

| | |
|:---|:---|
| **a × b** | where: |
| **c** | where: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **a** | = | the amount the contract value in the Protected Accounts is reduced by the net transfer |
| **b** | = | the applicable PAB or variable account floor on the date of (but prior to) the transfer |
| **c** | = | the contract value in the Protected Accounts on the date of (but prior to) the transfer. |

---

The amount we subtract from PAB is added to EAB.

5. <u>When partial surrenders are made from the Protected Accounts,</u> we reduce PAB and variable account floor by the same amount as calculated above for transfers from the Protected Accounts, using surrender amounts in place of transfer amounts. Partial surrenders from Protected Accounts do not increase EAB.

6. <u>After a covered life change for a spouse who continues the contract,</u> variable account floor and PAB are reset to the contract value in the Protected Accounts on the date of continuation. EAB is reset to the contract value in the Excluded Accounts on the date of continuation. The contract value is after any rider charges have been deducted and after any increase to the contract value due to the death benefit that would otherwise have been paid (without regard to the Full Surrender Value).

7. <u>After a covered life change other than for a spouse who continues the contract,</u> variable account floor, PAB and EAB are reset on the valuation date we receive your written request for the covered life change.

Variable account floor and PAB are reset to the lesser of A or B where:

A = the contract value (after any rider charges have been deducted) in the Protected Accounts on that date, and <br> B = Variable account floor on that date (but prior to the reset).

EAB is reset to the lesser of A or B where:

A = the contract value (after any rider charges have been deducted) in the Excluded Accounts on that date, and <br> B = EAB on that date (but prior to the reset).

8. <u>On a contract anniversary when variable account floor is greater than zero:</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) On the first contract anniversary, we increase variable account floor by an amount equal to 5%, multiplied by variable account floor as of 60 days after the contract date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) On each subsequent contract anniversary prior to the earlier of your 81st birthday or your death, we increase variable account floor by 5%, multiplied by the prior contract anniversary's variable account floor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) Any variable account floor increase on contract anniversaries does not increase PAB or EAB.

For contracts issued in New Jersey and Washington state, the cap on the variable account floor is 200% of PAB.

For a spouse who is age 79 or younger and continues the contract, the 5% Accumulation Death Benefit will continue and the values may be reset as described above. If your spouse is age 80 or older when the contract is continued, the 5% Accumulation Death Benefit will terminate and the Standard Death Benefit will apply.

After a covered life change other than for a spouse who continues the contract, if all owners are age 79 or younger, the 5% Accumulation Death Benefit will continue and the values may be reset as described above. If any owner is age 80 or older at the time of the covered life change, the 5% Accumulation death benefit will terminate and the Standard Death Benefit will apply.

Enhanced Death Benefit

The Enhanced Death Benefit provides that if you die while the contract is in force and before the annuitization start date, the death benefit will be the greatest of these values:

1. contract value after any rider charges have been deducted;

2. the ROPP value as described above;

3. the MAV as described above;

4. the 5% accumulation death benefit floor; or

5. the Full Surrender Value.

For a spouse who is age 79 or younger and continues the contract, the Enhanced Death Benefit will continue and the values may be reset as described above. If your spouse is age 80 or older when the contract is continued, the Enhanced Death Benefit will terminate and the Standard Death Benefit will apply.

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64 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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After a covered life change other than for a spouse who continues the contract, if all owners are age 79 or younger, the Enhanced Death Benefit will continue and the values may be reset as described above. If any owner is age 80 or older at the time of the covered life change, the Enhanced Death Benefit will terminate and the Standard Death Benefit will apply.

For an example of how each death benefit is calculated, see Appendix C.

Benefit Protector Death Benefit

The Benefit Protector is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges and Adjustments"). The Benefit Protector provides reduced benefits if you are age 70 or older at the rider effective date. The Benefit Protector does not provide any additional benefit before the first rider anniversary.

If this rider is available in your state and you are age 75 or younger at contract issue, you may choose to add the Benefit Protector to your contract. You may not select this rider if you select the Benefit Protector Plus rider, the 5% Accumulation Death Benefit or the Enhanced Death Benefit.

Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes – Qualified Annuities – Required Minimum Distributions"). Since the benefit paid by the rider is determined by the amount of earnings at death, the amount of the benefit paid may be reduced as a result of taking any surrenders including RMDs. Be sure to discuss with your investment professional and tax advisor whether or not the Benefit Protector is appropriate for your situation.

The Benefit Protector provides that if you die after the first rider anniversary, but before the annuitization start date, and while this contract is in force, we will pay the beneficiary:

• the applicable death benefit, plus:

• 40% of your earnings at death if you were under age 70 on the rider effective date; or

• 15% of your earnings at death if you were age 70 or older on the rider effective date.

If there has been a covered life change, remaining purchase payments is set as the contract value on the date of the most recent covered life change. Thereafter, remaining purchase payments is increased by the amount of each additional purchase payment and adjusted for each partial surrender.

**Earnings at death:** Earnings at death is equal to the death benefit that is otherwise payable (without this rider), less remaining purchase payments. We set maximum earnings at death of 250% of purchase payments not previously withdrawn that are one or more years old. Earnings at death cannot be less than zero.

**Terminating the Benefit Protector** 

• You may terminate the rider within 30 days after the first rider anniversary.

• You may terminate the rider within 30 days after any rider anniversary beginning with the seventh rider anniversary.

• The rider will terminate when you make a full surrender from the contract or on the annuitization start date.

• Your spouse may terminate the rider within 30 days following the effective date of the spousal continuation if your spouse is age 75 or younger.

• You may terminate the rider within 30 days following the effective date of an ownership change if you are age 75 or younger.

• The rider will terminate for a spousal continuation or ownership change if the spouse or any owner is age 76 or older at the time of the change.

• The rider will terminate after the death benefit is payable, unless the spouse continues the contract under spousal continuation provision.

• The rider will terminate when beneficiary elects an alternative payment plan which is an inherited IRA.

**If your spouse is the sole beneficiary** and you die before the annuitization start date, your spouse may keep the contract as owner. Your spouse will be subject to all the limitations and restrictions of the rider just as if they were purchasing a new contract and the age of the spouse at the time of the change will be used to determine the earnings at death percentage going forward. If your spouse does not qualify for the rider on the basis of age we will terminate the rider and the Standard Death Benefit will apply. If they do qualify for the rider on the basis of age we will set the contract value equal to the death benefit that would otherwise have been paid (without regard to the Full Surrender Value) and we will substitute this new contract value on the date of death for "remaining purchase payments" used in calculating earnings at death.

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After a covered life change other than a spouse that continues the contract, all owners will be subject to all of the limitations and restrictions of the rider just as if they were purchasing a new contract; and the age of all owners at the time of the change will be used to determine the earnings at death percentage going forward. If any owner does not qualify for the rider on the basis of age, we will terminate the rider and the Standard Death Benefit will apply. If they do qualify for the rider on the basis of age, we will substitute the contract value on the date of the ownership change for remaining purchase payments used in calculating earnings at death.

For an example, please see Appendix C.

Benefit Protector Plus Death Benefit Rider (Benefit Protector Plus)

The Benefit Protector Plus is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges and Adjustments"). The Benefit Protector Plus provides reduced benefits if you are 70 or older at the rider effective date. It does not provide any additional benefit before the first rider anniversary and it does not provide any benefit beyond what is offered under the Benefit Protector rider during the second rider year. Be sure to discuss with your investment professional whether or not the Benefit Protector Plus is appropriate for your situation.

If this rider is available in your state and you are 75 or younger at contract issue, you may choose to add the Benefit Protector Plus to your contract. You must elect the Benefit Protector Plus at the time you purchase your contract and your rider effective date will be the contract issue date. This rider is only available for transfers, exchanges or rollovers. If this is a non-qualified annuity, the transfers, exchanges or rollovers must be from another annuity or life insurance policy. You may not select this rider if you select the Benefit Protector Rider, 5% Accumulation Death Benefit or the Enhanced Death Benefit.

Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes – Qualified Annuities – Required Minimum Distributions"). Since the benefit paid by the rider is determined by the amount of earnings at death, the amount of the benefit paid may be reduced as a result of taking any surrenders including RMDs. Be sure to discuss with your investment professional and tax advisor whether or not the Benefit Protector Plus is appropriate for your situation.

The Benefit Protector Plus provides that if you die after the first rider anniversary, but before the annuitization start date, and while this contract is in force, we will pay the beneficiary:

• the benefits payable under the Benefit Protector described above, plus:

• a percentage of purchase payments made within 60 days of contract issue not previously surrendered as follows:

---

| | | |
|:---|:---|:---|
| **Rider year when death occurs:** | **Percentage if you are** <br> **under age**<br> **70 on the rider** <br> **effective date**<br>| **Percentage if you are** <br> **70 or older**<br> **on the rider effective** <br> **date**<br>|
| One and Two | &nbsp;&nbsp;&nbsp; 0<br> %<br>| &nbsp;&nbsp;&nbsp; 0<br> %<br>|
| Three and Four | &nbsp;&nbsp;&nbsp; 10<br> %<br>| 3.75<br> %<br>|
| Five or more | &nbsp;&nbsp;&nbsp; 20<br> %<br>| 7.5<br> %<br>|

---

Another way to describe the benefits payable under the Benefit Protector Plus rider is as follows:

• the applicable death benefit plus:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Rider year when death occurs** | &nbsp;&nbsp; **If you are under age 70 on**<br> **the rider effective date, add…**<br>| &nbsp;&nbsp; **If you are age 70 or older on**<br> **the rider effective date, add…**<br>|
| One | Zero | Zero |
| Two | &nbsp;&nbsp;&nbsp; 40% × earnings at death<br> (see above)<br>| 15% × earnings at death |
| Three and Four | &nbsp;&nbsp;&nbsp; 40% × (earnings at death + 25%<br> of initial purchase payment\*)<br>| &nbsp;&nbsp;&nbsp; 15% × (earnings at death + 25%<br> of initial purchase payment\*)<br>|
| Five or more | &nbsp;&nbsp;&nbsp; 40% × (earnings at death + 50%<br> of initial purchase payment\*)<br>| &nbsp;&nbsp;&nbsp; 15% × (earnings at death + 50%<br> of initial purchase payment\*)<br>|

---

\*

Initial purchase payments are payments made within 60 days of rider issue not previously surrendered.

**Terminating the Benefit Protector Plus** 

• You may terminate the rider within 30 days of the first rider anniversary.

• You may terminate the rider within 30 days of any rider anniversary beginning with the seventh rider anniversary.

• The rider will terminate when you make a full surrender from the contract, on the annuitization start date, or when the death benefit is payable.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• The rider will terminate if there is a covered life change.

• The rider will terminate when a beneficiary elects an alternative payment plan which is an inherited IRA.

**If your spouse is sole beneficiary** and you die before the annuitization start date, your spouse may keep the contract as owner with the contract value equal to the death benefit that would otherwise have been paid without regard to the Full Surrender Value. We will then terminate the Benefit Protector Plus (see "Benefits in Case of Death").

For an example, see Appendix C.

Optional Living Benefits

*SecureSource Stages* 2 Rider

The *SecureSource Stages* 2 rider is an optional benefit that you can add to your contract for an additional charge. This benefit is intended to provide to you, after the lifetime benefit is established, a specified withdrawal amount annually for life, even if your contract value is zero, subject to the terms and provisions described in this section. If the lifetime benefit is not established and contract value goes to zero due to a withdrawal, the contract and the rider will terminate. (see "Other provisions – Rules for Surrender"). Additionally, this benefit offers a credit feature to help in low or poor performing markets and a step up feature to lock in contract anniversary gains.

The *SecureSource Stages* 2 rider may be appropriate for you if you intend to make periodic withdrawals from your annuity contract and wish to ensure that market performance will not adversely affect your ability to withdraw income over your lifetime. This rider may not be appropriate for you if you do not intend to limit withdrawals to the amount allowed in order to receive the full benefits of the rider.

Your benefits under the rider can be reduced if any of the following occurs:

• If you take any withdrawals during the 1-year waiting period, the lifetime benefit amount will be determined using percentage B for the appropriate age band as long as rider benefits are payable;

• If you withdraw more than the allowed withdrawal amount in a contract year, or you take withdrawals before the lifetime benefit is available;

• If you take a withdrawal and later choose to allocate your contract value to a Portfolio Navigator fund of funds that is more aggressive than the target fund;

• If the contract value is 20% or more below purchase payments increased by any contract anniversary gains or rider credits and adjusted for withdrawals (see withdrawal adjustment base described below).

The *SecureSource Stages* 2 rider guarantees that, regardless of investment performance, you may take withdrawals up to the lifetime benefit amount each contract year after the lifetime benefit is established. Your age at the time of the first withdrawal will determine the age band for as long as benefits are payable except as described in the lifetime payment percentage provision.

As long as your total withdrawals during the current year do not exceed the lifetime benefit amount, you will not be assessed a surrender charge. If you withdraw a larger amount, the excess amount will be assessed any applicable surrender charges and benefits will be reduced in accordance with excess withdrawal processing. At any time, you may withdraw any amount up to your entire surrender value, subject to excess withdrawal processing under the rider.

Subject to conditions and limitations, the rider also guarantees that you or your beneficiary will get back purchase payments you have made, increased by annual step-ups, through withdrawals over time. Any amount we pay in excess of your contract value is subject to our financial strength and claims-paying ability.

Subject to conditions and limitations, the lifetime benefit amount can be increased if a rider credit is available or your contract value has increased on a rider anniversary. The principal back guarantee can also be increased if your contract value has increased on a rider anniversary.

**Availability** 

There are two optional *SecureSource Stages* 2 riders available under your contract:

• *SecureSource Stages* 2 — Single Life

• *SecureSource Stages* 2 — Joint Life

The information in this section applies to both *SecureSource Stages 2* riders, unless otherwise noted.

For the purpose of this rider, the term "withdrawal" has the same meaning as the term "surrender" in the contract or any other riders.

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The *SecureSource Stages* 2 — Single Life rider covers one person. The *SecureSource Stages* 2 — Joint Life Rider covers two spouses jointly who are named at contract issue. You may elect only the *SecureSource Stages* 2 — Single Life rider or the *SecureSource Stages* 2 — Joint Life rider, not both, and you may not switch riders later. You must elect the rider when you purchase your contract. The rider effective date will be the contract issue date.

The *SecureSource Stages 2* rider is an optional benefit that you may select, if approved in your state, for an additional annual charge if:

• ***Single Life:*** you are 85 or younger on the date the contract is issued; or

• ***Joint Life:*** you and your spouse are 85 or younger on the date the contract is issued.

The *SecureSource Stages* 2 riders are not available under an inherited qualified annuity.

The *SecureSource Stages* 2 rider guarantees that after the waiting period, regardless of the investment performance of your contract, you will be able to withdraw up to a certain amount each year from the contract before the annuitization start date until:

• ***Single Life:*** death (see "At Death" heading below).

• ***Joint Life:*** the death of the last surviving covered spouse (see "*Joint Life only:* Covered Spouses" and "At Death" headings below).

**Key Terms** 

The key terms associated with the *SecureSource Stages* 2 rider are:

**Age Bands:** Each age band is associated with a two lifetime payment percentages. The covered person (Joint Life: the younger covered spouse) must be at least the youngest age shown in the first age band for the annual lifetime payment to be established. After the annual lifetime payment is established, in addition to your age, other factors determine when you move to a higher age band.

**Annual Lifetime Payment (ALP):** the lifetime benefit amount available each contract year after the covered person (Joint Life: the younger covered spouse) has reached the youngest age in the first age band. After the waiting period, the annual withdrawal amount guaranteed by the rider can vary each contract year. Please note that it may also be referred to as "Current Annual Payment" where your values are displayed in correspondence or on the secure site.

**Annual Step-Up:** an increase in the benefit base and/or the principal back guarantee and a possible increase in the lifetime payment percentage that is available each rider anniversary if your contract value increases, subject to certain conditions.

**Benefit Base (BB):** used to calculate the annual lifetime payment and the annual rider charge. The BB cannot be withdrawn in a lump sum or annuitized and is not payable as a death benefit.

**Credit Base (CB):** used to calculate the rider credit. The CB cannot be withdrawn or annuitized and is not payable as a death benefit.

**Excess Withdrawal:** (1) a withdrawal taken before the annual lifetime payment is established, or (2) a withdrawal that is greater than the remaining annual lifetime payment after the annual lifetime payment is established.

**Excess Withdrawal Processing:** a reduction in benefits if a withdrawal is taken before the annual lifetime payment is established or if a withdrawal exceeds the remaining annual lifetime payment.

**Lifetime Payment Percentage:** used to calculate your annual lifetime payment. Two percentages ("percentage A" and "percentage B") are used for each age band. The difference between percentage A and percentage B is referred to as the income bonus. Percentage B is referred to as the minimum lifetime payment percentage.

**Principal Back Guarantee (PBG):** a guarantee that total withdrawals will not be less than purchase payments you have made, increased by annual step-ups, as long as there is no excess withdrawal or benefit reset.

**Remaining Annual Lifetime Payment (RALP):** as you take withdrawals during a contract year, the remaining amount that the rider guarantees will be available for withdrawal that year is reduced. After the annual lifetime payment is established, the RALP is the guaranteed amount that can be withdrawn during the remainder of the current contract year. Please note that it may also be referred to as "Remaining Annual Payment" where your values are displayed in correspondence or on the secure site.

**Rider Credit:** an amount that can be added to the benefit base on each of the first ten contract anniversaries based on a rider credit percentage of 8% for the first anniversary and 6% thereafter, as long as no withdrawals have been taken since the rider effective date and you do not decline any annual rider fee increase. Investment performance and excess withdrawals may reduce or eliminate the benefit of any rider credits. Rider credits may result in higher rider charges that may exceed the benefit from the credits.

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**Waiting Period:** the period of time before you can take a withdrawal without limiting benefits under the rider. If you take any withdrawals during the waiting period, the lifetime benefit amount will be determined using percentage B, the minimum lifetime payment percentage, for the appropriate age band and percentage A, and therefore the income bonus, will not be available as long as rider benefits are payable. The waiting period starts on the rider effective date and ends on the day prior to the first anniversary.

**Withdrawal:** the amount by which your contract value is reduced as a result of any withdrawal request. It may differ from the amount of your request due to any surrender charge and any market value adjustment.

**Withdrawal Adjustment Base (WAB):** one of the components used to determine the lifetime payment percentage after the waiting period. The WAB cannot be withdrawn or annuitized and is not payable as a death benefit.

**Important *SecureSource Stages* 2 Rider Considerations** 

You should consider whether a *SecureSource Stages* 2 rider is appropriate for you taking into account the following considerations:

You will begin paying the rider charge as of the rider effective date, even if you do not begin taking withdrawals for many years. It is possible that your contract performance, fees and charges, and withdrawal pattern may be such that your contract value will not be depleted in your lifetime and you will not receive any monetary value under the rider.

• **Lifetime Benefit Limitations:** The lifetime benefit is subject to certain limitations, including but not limited to:

***Single Life:*** Once the contract value equals zero, payments are made for as long as the covered person is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime benefit terminates at the first death of any owner even if the covered person is still living (see "At Death" heading below). This possibility may present itself when there are multiple contract owners – when one of the contract owners dies the lifetime benefit terminates even though other contract owners are still living.

***Joint Life:*** Once the contract value equals zero, payments are made for as long as either covered spouse is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime benefit terminates at the death of the last surviving covered spouse (see "At Death" heading below).

• **Withdrawals:** Please consider carefully when you start taking withdrawals from this rider. If you take any withdrawals during the 1-year waiting period, the lifetime benefit amount will be determined using percentage B for the appropriate age band and percentage A, and therefore income bonus, will not be available as long as rider benefits are payable. Any withdrawals in the first 10 years will terminate any remaining rider credits. Also, if you withdraw more than the allowed withdrawal amount in a contract year or take withdrawals before the lifetime benefit is available ("excess withdrawal"), the guaranteed amounts under the rider will be reduced.

• **Investment Allocation Restrictions:** You must elect one of the approved investment options. These funds are expected to reduce our financial risks and expenses associated with certain living benefits. Although the funds' investment strategies may help mitigate declines in your contract value due to declining equity markets, the funds' investment strategies may also curb your contract value gains during periods of positive performance by the equity markets. Additionally, investment in the funds may decrease the number and amount of any benefit base increase opportunities. We reserve the right to add, remove or substitute approved investment options in the future. This requirement limits your choice of investment options. This means you will not be able to allocate contract value to all of the subaccounts, GPAs or the regular fixed account that are available under the contract to contract owners who do not elect the rider. (See "Making the Most of Your Contract – Portfolio Navigator Program and Portfolio Stabilizer Funds.") You may allocate purchase payments to the Special DCA fixed account, when available, and we will make monthly transfers into the investment option you have chosen. You may make four elective investment option changes per contract year; we reserve the right to limit elective investment option changes if required to comply with the written instructions of a fund (see "Market Timing").

• The following provisions apply to contracts invested in Portfolio Navigator funds:

&nbsp;&nbsp;&nbsp;&nbsp;• You can allocate your contract value to any available Portfolio Navigator fund during the following times: (1) prior to your first withdrawal and (2) following a benefit reset due to an investment option change as described below but prior to any subsequent withdrawal. During these accumulation phases, you may request to change your investment option to any available investment option.

&nbsp;&nbsp;&nbsp;&nbsp;• Immediately following a withdrawal your contract value will be reallocated to the target investment option classification if your current investment option is more aggressive than the target investment option classification. This automatic reallocation is not included in the total number of allowed investment option changes per contract year. The target investment option is currently the Moderate investment option. We reserve the right to change the target investment option to an investment option classification that is more aggressive than the Moderate investment option after 30 days written notice.

&nbsp;&nbsp;&nbsp;&nbsp;• After you have taken a withdrawal and prior to any benefit reset, you are in a withdrawal phase. During withdrawal phases you may request to change your investment option to the target investment option or any investment option that is more conservative than the target investment option without a benefit reset as described below. If

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you are in a withdrawal phase and you choose to allocate your contract value to an investment option that is more aggressive than the target investment option, you will be in the accumulation phase again and your rider benefit will be reset as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the WAB, BB and PBG, will be reset to the contract value, if less than their current amount; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the ALP and RALP, if available, will be recalculated.

You may request to change your investment option by written request on an authorized form or by another method agreed to by us.

• ***Income Guide* Program Restriction:** *Income Guide* program is not available to contracts with the *SecureSource Stages 2* rider.

• **Non-Cancelable:** Once elected, the *SecureSource Stages* 2 rider may not be cancelled (except as provided under "Rider Termination" heading below) and the charge will continue to be deducted until the contract or rider is terminated or the contract value reduces to zero (described below).

Dissolution of marriage does not terminate the *SecureSource Stages 2* – Joint Life rider and will not reduce the fee we charge for this rider. The benefit under the *SecureSource Stages 2* – Joint Life rider continues for the covered spouse who is the owner of the contract (or annuitant in the case of nonnatural or revocable trust ownership). The rider will terminate at the death of the contract owner because the original covered spouse will be unable to elect the spousal continuation provision of the contract (see "Joint Life only: Covered Spouses" below).

• ***Joint Life:* Limitations on Contract Owners, Annuitants and Beneficiaries:** Since the joint life benefit will terminate unless the surviving covered spouse continues the contract under the spousal option to continue the contract upon the owner's death provision, only ownership arrangements that permit such continuation are allowed at rider issue. In general, the covered spouses should be joint owners, or one covered spouse should be the owner and the other covered spouse should be named as the sole primary beneficiary.

You are responsible for establishing ownership arrangements that will allow for spousal continuation.

If you select the *SecureSource Stages 2* – Joint Life rider, please consider carefully whether or not you wish to change the beneficiary of your annuity contract. The rider will terminate if the surviving covered spouse cannot utilize the spousal continuation provision of the contract when the death benefit is payable.

• **Limitations on Purchase Payments:** We reserve the right to limit the cumulative amount of purchase payments (subject to state restrictions), which may limit your ability to make additional purchase payments to increase your contract value as you may have originally intended. For current purchase payment restrictions, please see "Buying Your Contract – Purchase Payments".

• **Interaction with Total Free Amount (FA) contract provision:** The FA is the amount you are allowed to withdraw from the contract in each contract year without incurring a surrender charge (see "Charges and Adjustments – Transaction Expenses – Surrender Charge"). The FA may be greater than the remaining annual lifetime payment under this rider. Any amount you withdraw under the contract's FA provision that exceeds the remaining annual lifetime payment is subject to the excess withdrawal processing described below.

You should consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation because:

• **Tax Considerations for Nonqualified Annuities:** Under current federal income tax law, withdrawals under nonqualified annuities, including withdrawals taken from the contract under the terms of the rider, are treated less favorably than amounts received as annuity payments under the contract (see "Taxes – Nonqualified Annuities"). Withdrawals are taxable income to the extent of earnings. Withdrawals of earnings before age 59½ may also incur a 10% IRS early withdrawal penalty. You should consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation.

• **Tax Considerations for Qualified Annuities:** Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes – Qualified Annuities – Required Minimum Distributions"). If you have a qualified annuity, you may need to take an RMD during the waiting period the lifetime benefit amount will be determined using percentage B for as long as rider benefits are payable. While the rider permits certain excess withdrawals to be taken for the purpose of satisfying RMD requirements for your contract alone without reducing future benefits guaranteed under the rider, there can be no guarantee that changes in the federal income tax law after the effective date of the rider will not require a larger RMD to be taken, in which case, future guaranteed withdrawals under the rider could be reduced. See Appendix E for additional information.

• **Treatment of non-spousal distributions:** Unless you are married your beneficiary will be required to take distributions as a non-spouse which may result in significantly decreasing the value of the rider.

Please note civil unions and domestic partnerships generally are not recognized as marriages for federal tax purposes. For additional information see "Taxes – Other – Spousal Status" section of this prospectus.

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**Lifetime Benefit Description** 

***Single Life only:* Covered Person:** the person whose life is used to determine when the Annual Lifetime Payment is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered person is the oldest contract owner. If any owner is a nonnatural person (e.g., an irrevocable trust or corporation) or a revocable trust, the covered person is the oldest annuitant.

***Joint Life only:* Covered Spouses:** the contract owner and their spouse named on the application for as long as the marriage remains in effect. If any contract owner is a nonnatural person (e.g., an irrevocable trust or corporation) or a revocable trust, the covered spouses are the annuitant and the legally married spouse of the annuitant. After death or dissolution of marriage that leaves only one of the covered spouses as the owner (for non-natural owners, the annuitant), that remaining covered spouse will be used when referring to the younger covered spouse. The covered spouses' lives are used to determine when the Annual Lifetime Payment is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered spouses are established on the rider effective date and cannot be changed. For more details, see "Assignment and Change of Ownership – Joint Life" section below.

**Annual Lifetime Payment (ALP):** the lifetime benefit amount available for withdrawal each contract year after the Covered Person (***Joint life:*** younger covered spouses) has reached age 50. When the ALP is established and at all times thereafter, the ALP is equal to the BB multiplied by the Lifetime Payment Percentage. Anytime the Lifetime Payment Percentage or the BB changes as described below, the ALP will be recalculated. After the waiting period and when the ALP is established, the first withdrawal taken in each contract year will set and fix the lifetime payment percentage for the remainder of the contract year.

If you withdraw less than the ALP in a contract year, the unused portion does not carry over to future contract years.

***Single Life:*** The ALP is established on the later of the rider effective date if the covered person has reached age 50, or the date the covered person's attained age equals age 50.

***Joint Life:*** The ALP is established on the earliest of the following dates:

• The rider effective date if the younger covered spouse has already reached age 50.

• The date the younger covered spouse's attained age equals age 50.

• Upon the first death of a covered spouse, then either: (a) the date we receive a written request when the death benefit is not payable and the surviving covered spouse has already reached age 50, (b) the date spousal continuation is effective when the death benefit is payable and the surviving covered spouse has already reached age 50, or (c) the date the surviving covered spouse reaches age 50.

• Following dissolution of marriage of the covered spouses, then either (a) the date we receive a written request if the remaining covered spouse who is the owner (or annuitant in the case of nonnatural or revocable trust ownership) has already reached age 50, or (b) the date the remaining covered spouse who is the owner (or annuitant in the case of nonnatural or revocable trust ownership) reaches age 50.

**Remaining Annual Lifetime Payment (RALP):** the Annual Lifetime Payment guaranteed for withdrawal for the remainder of the contract year. The RALP is established at the same time as the ALP. The RALP equals the ALP less all withdrawals in the current contract year, but it will not be less than zero.

**Lifetime Payment Percentage:** used to calculate the annual lifetime payment. Two percentages are used for a given age band, percentage A or percentage B, depending on the factors described below.

For ages:

• 50-58, percentage A is 4% and percentage B is 3%.

• 59-64, percentage A is 5% and percentage B is 4%.

• 65-79, percentage A is 6% and percentage B is 5%.

• 80 and older, percentage A is 7% and percentage B is 6%.

The age band for the lifetime payment percentage is determined at the following times:

• When the ALP is established: The age band used to calculate the initial ALP is the percentage for the covered person's attained age (***Joint life***: younger covered spouse's attained age).

• On the covered person's subsequent birthdays (***Joint life***: younger covered spouse's subsequent birthdays): Except as noted below, if the covered person's new attained age (***Joint life***: younger covered spouse's attained age) is in a higher age band, then the higher age band will be used to determine the appropriate lifetime payment percentage. (However, if you decline any rider fee increase or if a withdrawal has been taken since the ALP was established, then the lifetime payment percentage will not change on subsequent birthdays.)

• Upon annual step-ups (see "Annual Step-Ups" below).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• For the Joint life rider, upon death or change in marital status: In the event of death or dissolution of marriage: (A) If no withdrawal has been taken since the ALP was established and no rider fee increase has been declined, the lifetime payment percentage will be reset based on the Age Band for the remaining covered spouse's attained age. (B) If the ALP is not established but the remaining covered spouse has reached the youngest age in the first Age Band, the remaining covered spouse's attained age will be used to determine the age band for the lifetime payment percentage. In the event of remarriage of the covered spouses to each other, the lifetime payment percentage used is the percentage for the younger covered spouse's attained age.

The following determines whether percentage A or percentage B is used for each applicable age band:

During the waiting period, percentage B will be used. If you take a withdrawal in the waiting period, percentage B will be used and the income bonus will not be available for as long as rider benefits are payable.

If no withdrawal is taken during the waiting period, after the waiting period a comparison of your contract value and the withdrawal adjustment base (WAB) determines whether percentage A or percentage B is used to calculate the ALP unless the percentage is fixed as described below. Market volatility, a prolonged flat, low or down market, rider credits, and the deduction of charges all impact whether you are eligible for percentage A or percentage B.

On each valuation date, if the benefit determining percentage is less than the 20% adjustment threshold, then percentage A is used in calculating your ALP, otherwise percentage B is used. The benefit determining percentage is calculated as follows, but it will not be less than zero:

---

| | | |
|:---|:---|:---|
| **1** |  | **(a/b)** where: |
| **a** | = | Contract value at the end of the prior valuation period |
| **b** | = | WAB at the end of the prior valuation period |

---

After the ALP is established and after the waiting period, the first withdrawal taken in each contract year will set and fix the lifetime payment percentage for the remainder of the contract year. Beginning on the next rider anniversary, the lifetime payment percentage can change on each valuation day as described above until a withdrawal is taken in that contract year.

However, at the earliest of (1), (2) or (3) below Percentage A or Percentage B will be set and remain fixed as long as the benefit is payable:

• if the ALP is established, when your contract value on a rider anniversary is less than two times the benefit base (BB) multiplied by percentage B for your current age band, or

• when the contract value reduces to zero, or

• on the date of death (***Joint life:*** remaining covered spouse's date of death) when a death benefit is payable.

For certain periods of time at our discretion and on a non-discriminatory basis, your lifetime payment percentage may be set by us to percentage A if more favorable to you.

**Determination of Adjustments of Benefit Values:** Your lifetime benefit values (benefit base (BB), credit base (CB) and withdrawal adjustment base (WAB)) and principal back guarantee (PBG) are determined at the following times and are subject to a maximum amount of $10 million each:

• On the contract date: The WAB, CB, BB and PBG are set equal to the initial purchase payment.

• When an additional purchase payment is made: If the WAB and CB are greater than zero, the WAB and CB will be increased by the amount of each additional purchase payment. The BB and PBG will be increased by the amount of each additional purchase payment.

• When a withdrawal is taken: If the CB is greater than zero, the CB will be permanently reset to zero when the first withdrawal is taken, and there will be no additional rider credits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the first withdrawal is taken during the waiting period, the WAB will be permanently reset to zero. If the first withdrawal is taken after the waiting period, the WAB will be reduced by the "adjustment for withdrawal," as defined below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the ALP is established and the withdrawal is less than or equal to the RALP, the BB does not change and the PBG is reduced by the amount of the withdrawal, but it will not be less than zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if the ALP is not established, excess withdrawal processing will occur as follows. The BB will be reduced by the "adjustment for withdrawal," and the PBG will be reduced by the greater of the amount of the withdrawal or the "adjustment for withdrawal," but it will not be less than zero.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If the ALP is established and the withdrawal is greater than the RALP, excess withdrawal processing will occur as follows:

The PBG will be reset to the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the PBG reduced by the amount of the withdrawal, but it will not be less than zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the PBG minus the RALP on the date of (but prior to) the withdrawal and further reduced by an amount calculated as follows, but it will not be less than zero:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **a x b** | where: |
| **c** | where: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **a** | = | the amount of the withdrawal minus the RALP |
| **b** | = | the PBG minus the RALP on the date of (but prior to) the withdrawal |
| **c** | = | the contract value on the date of (but prior to) the withdrawal minus the RALP |

---

The BB will be reduced by an amount as calculated below:

---

| | |
|:---|:---|
| **d x e** | where: |
| **f** | where: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **d** | = | the amount of the withdrawal minus the RALP |
| **e** | = | the BB on the date of (but prior to) the withdrawal |
| **f** | = | the contract value on the date of (but prior to) the withdrawal minus the RALP. |

---

**Adjustment for Withdrawal Definition**: When the WAB, PBG or BB is reduced by a withdrawal in the same proportion as the contract value is reduced, the proportional amount deducted is the "adjustment for withdrawal." The "adjustment for withdrawal" is calculated as follows:

---

| | |
|:---|:---|
| **g x h** | where: |
| **i** | where: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **g** | = | the amount the contract value is reduced by the withdrawal |
| **h** | = | the WAB, BB or PGB (as applicable) on the date of (but prior to) the withdrawal |
| **i** | = | the contract value on the date of (but prior to) the withdrawal. |

---

**Rider Anniversary Processing:** The following describes how the WAB, BB and PBG are calculated on rider anniversaries, subject to the maximum amount of $10 million for each, and how the lifetime payment percentage can change on rider anniversaries.

• The WAB on rider anniversaries: Unless the WAB is permanently reset to zero or you decline any rider fee increase, the WAB (after any rider credit is added) will be increased to the contract value, if the contract value is greater.

• **Rider Credits**: If you did not take any withdrawals and you did not decline any rider fee increase, rider credits are available for the first ten contract anniversaries.

On the first anniversary, the rider credit equals the credit base (CB) 180 days following the rider effective date multiplied by 8%. On any subsequent anniversaries, the rider credit equals the CB as of the prior rider anniversary multiplied by 6%. On the first anniversary the BB and WAB will be set to the greater of the current BB, or the BB 180 days following the contract date increased by the rider credit and any additional purchase payments since 180 days following the rider effective date. On any subsequent rider credit dates the BB and WAB will be set to the greater of the current BB, or the BB on the prior anniversary increased by the rider credit and any additional purchase payments since the prior anniversary. If the CB is greater than zero, the CB will be permanently reset to zero on the 10th rider anniversary after any adjustment to the WAB and BB, and there will be no additional rider credits.

• **Annual step ups**: Beginning with the first rider anniversary, an annual step-up may be available. If you decline any rider fee increase, future annual step-ups will no longer be available.

The annual step-up will be executed on any rider anniversary where the contract value (after charges are deducted) is greater than the PBG or the BB after any rider credit is added. If an annual step-up is executed, the PBG, BB and lifetime payment percentage will be adjusted as follows: The PBG will be increased to the contract value, if the contract value is greater. The BB (after any rider credit is added) will be increased to the contract value, if the contract value is greater. If the covered person's attained age (Joint Life: younger covered spouses attained age) on the rider anniversary is in a higher age band and (1) there is an increase to BB due to a step-up or (2) the BB is at the maximum of $10,000,000 so there was no step-up of the BB, then the higher age band will be used to determine the appropriate lifetime payment percentage, regardless of any prior withdrawals.

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**Other Provisions** 

**Required Minimum Distributions (RMD):** If you are taking RMDs from your contract and your RMD calculated separately for your contract is greater than the Annual Lifetime Payment, the portion of your RMD that exceeds the benefit amount will not be subject to Excess Withdrawal Processing provided that the following conditions are met:

• The Annual Lifetime Payment is established;

• The RMD is for your contract alone;

• The RMD is based on your recalculated life expectancy taken from the Uniform Lifetime Table under the Code; and

• The RMD amount is otherwise based on the requirements of section 401(a) (9), related Code provisions and regulations thereunder that were in effect on the contract date.

RMD rules follow the calendar year which most likely does not coincide with your contract year and therefore may limit when you can take your RMD and not be subject to excess withdrawal processing. If any withdrawal is taken in the waiting period, including RMDs, Percentage B for the applicable age band will be used as long as rider benefits are payable. Any withdrawals taken before the annual lifetime payment is established or withdrawing amounts greater than the remaining annual lifetime payment that do not meet these conditions will result in excess withdrawal processing. The amount in excess of the RALP that is not subject to excess withdrawal processing will be recalculated if the ALP changes due to a lifetime payment percentage changes. See Appendix E for additional information.

**Spousal Option to Continue the Contract upon Owner's Death (Spousal Continuation):** 

***Single Life:***If a surviving spouse elects to continue the contract and continues the contract as the new owner under the spousal continuation provision of the contract, the *SecureSource Stages* 2 — Single Life rider terminates.

***Joint Life:*** If a surviving spouse is a covered spouse and elects the spousal continuation provision of the contract as the new owner, the *SecureSource Stages 2* — Joint Life rider also continues. The surviving covered spouse can name a new beneficiary; however, a new covered spouse cannot be added to the rider.

Unless you decline a rider fee increase, at the time of spousal continuation, a step-up may be available. All annual step-up rules (see "Rider Anniversary Processing — Annual Step-Up" heading above) also apply to the spousal continuation step-up except that the RALP will be reduced for any prior withdrawals in that contract year. The WAB, if greater than zero, will be increased to the contract value if the contract value is greater. The spousal continuation step-up is processed on the valuation date spousal continuation is effective.

**Rules for Surrender:** Minimum contract values following surrender no longer apply to your contract. For withdrawals, the withdrawal will be taken from all accounts and the variable subaccounts in the same proportion as your interest in each bears to the contract value. You cannot specify from which accounts the withdrawal is to be taken.

If your contract value is reduced to zero, the CB, if greater than zero, will be permanently reset to zero, and there will be no additional rider credits. Also, the following will occur:

• If the ALP is not established and if the contract value is reduced to zero as a result of market performance, fees or charges, then the owner must wait until the ALP would be established, and the ALP will be paid annually until the death of the covered person (***Joint Life:*** both covered spouses).

• If the ALP is established and if the contract value is reduced to zero as a result of market performance, fees or charges, or as a result of a withdrawal that is less than or equal to the RALP, then the owner will receive the ALP paid annually until the death of the covered person (***Joint Life:*** both covered spouses).

In either case above:

–

These annualized amounts will be paid in monthly installments. If the monthly payment is less than $100, We have the right to change the frequency, but no less frequently than annually.

–

We will no longer accept additional purchase payments.

–

No more charges will be collected for the rider.

–

The current ALP is fixed for as long as payments are made.

–

The death benefit becomes the remaining schedule of annual lifetime payments, if any, until total payments to the owner and the beneficiary are equal to the PBG at the time the contract value falls to zero.

–

The amount paid in the current contract year will be reduced for any prior withdrawals in that contract year.

• If the ALP is not established and if the contract value is reduced to zero as a result of a withdrawal taken before the ALP is established, this rider and the contract will terminate.

• If the ALP is established and if the contract value is reduced to zero as a result of a withdrawal that is greater than the RALP, this rider and the contract will terminate.

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**At Death:** 

***Single Life:*** If the contract is jointly owned and an owner dies when the contract value is greater than zero, the lifetime benefit for the covered person will cease even if the covered person is still living or if the contract is continued under the spousal continuation option.

***Joint Life:*** If the death benefit becomes payable at the death of a covered spouse, the surviving covered spouse must utilize the spousal continuation option to continue the lifetime benefit. If spousal continuation is not available, the rider terminates. The lifetime benefit ends at the death of the surviving covered spouse.

If the contract value is greater than zero when the death benefit becomes payable, the beneficiary may:

• elect to take the death benefit under the terms of the contract, or

• elect to take the principal back guarantee available under this rider, or

• continue the contract and the *SecureSource Stages* 2 — Joint Life rider under the spousal continuation option.

For single and joint life, the beneficiary may elect the principal back guarantee under this rider if payments begin no later than one year after your death and the payout period does not extend beyond the beneficiary's life or life expectancy. If elected, the following will occur:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. If the PBG is greater than zero and the ALP is established, the ALP on the date of death will be paid until total payments to the beneficiary are equal to the PBG on the date of death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. If the PBG is greater than zero and the ALP is not established, the BB on the date of death multiplied by the lifetime payment percentage used for the youngest age in the first age band will be paid annually until total payments to the beneficiary are equal to the PBG on the date of death.

In either of the above cases:

• After the date of death, there will be no additional rider credits or annual step-ups.

• The lifetime payment percentage used will be set as of the date of death.

• The amount paid in the current contract year will be reduced for any prior withdrawals in that year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. On the date of death (***Joint life:*** remaining covered spouse's date of death), if the CB is greater than zero, the CB will be permanently reset to zero, and there will be no additional rider credits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. If the PBG equals zero, the benefit terminates. No further payments are made.

**Contract Ownership Change:** 

***Single Life:*** If allowed by state law, change of ownership is subject to our approval. If there is a change of ownership and the covered person remains the same, the rider continues with no change to any of the rider benefits. If there is a change of ownership and the covered person would be different, the rider terminates. Effective May 1, 2016, you cannot add a joint owner or a joint annuitant.

***Joint Life:*** Ownership changes are only allowed between the covered spouses or their revocable trust(s) and are subject to our approval, if allowed by state law. No other ownership changes are allowed as long as the rider is in force.

**Assignment:** If allowed by state law, an assignment is subject to our approval.

**Annuity Provisions:** If your annuitization start date is the maximum annuitization start date, you can choose one of the payout options available under the contract or an alternative fixed annuity payout option available under the *SecureSource Stages 2* rider. Under the rider's payout option, the minimum amount payable shown in Table B, will not apply and you will receive the annual lifetime payment provided by this rider until the later of the death of the covered person (***Joint Life:*** both covered spouses) or depletion of the principal back guarantee. If you choose to receive the ALP, the amount payable each year will be equal to the annual lifetime payment on the annuitization start date. The amount paid in the current contract year will be reduced for any prior withdrawals in that year. These annualized amounts will be paid in monthly installments. If the monthly payment is less than $100, we have the right to change the frequency, but no less frequently than annually. For more information about annuity payment plans, please see "The Annuity Payout Period - Annuity Payout Plans."

If you choose to receive the ALP rather than a payout option available under the contract, all other contract features, rider features and charges terminate after the annuitization start date except for the PBG.

**Rider Termination** 

The *SecureSource Stages* 2 rider cannot be terminated either by you or us except as follows:

• ***Single Life:*** a change of ownership that would result in a different covered person will terminate the rider.

• ***Single Life:*** after the death benefit is payable, the rider will terminate.

• ***Single Life:*** spousal continuation will terminate the rider.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• ***Joint Life:*** After the death benefit is payable the rider will terminate if anyone other than a covered spouse continues the contract. However, if the covered spouse continues the contract as an inherited IRA or as a beneficiary of a participant in an employer sponsored retirement plan, the rider will terminate.

• On the annuitization start date, the rider will terminate.

• You may terminate the rider if your annual rider fee after any increase is more than 0.25 percentage points higher than your fee before the increase. (See "Charges and Adjustments – Optional Benefit Charges – Optional Living Benefit Charges – SecureSource Stages 2 Rider Charge").

• When the contract value is zero and either the annual lifetime payment is not established or a withdrawal in excess of the remaining annual lifetime payment is taken, the rider will terminate.

• Termination of the contract for any reason will terminate the rider.

For an example, see Appendix D.

Accumulation Protector Benefit Rider

**Please note that this rider is not available for sale for contract applications signed on or after Feb. 27, 2012.** 

The Accumulation Protector Benefit rider is an optional benefit that you may select for an additional charge. It is available for nonqualified annuities and qualified annuities. The Accumulation Protector Benefit rider specifies a waiting period that ends on the benefit date. The current waiting period is 10 years. The Accumulation Protector Benefit rider provides a one-time adjustment to your contract value on the benefit date if your contract value is less than the Minimum Contract Accumulation Value (defined below) on that benefit date. On the benefit date, if the contract value is equal to or greater than the Minimum Contract Accumulation Value, as determined under the Accumulation Protector Benefit rider, the Accumulation Protector Benefit rider ends without value and no benefit is payable.

If the contract value falls to zero as the result of adverse market performance or the deduction of fees and/or charges at any time during the waiting period and before the benefit date, the contract and all riders, including the Accumulation Protector Benefit rider will terminate without value and no benefits will be paid. **Exception:** if you are still living on the benefit date, we will pay you an amount equal to the Minimum Contract Accumulation Value as determined under the Accumulation Protector Benefit rider on the valuation date your contract value reached zero.

If you are age 80 or younger at contract issue, you may elect the Accumulation Protector Benefit rider at the time you purchase your contract and the rider effective date will be the contract issue date. The Accumulation Protector Benefit rider may not be terminated once you have elected it except as described in the "Terminating the Rider" section below. An additional charge for the Accumulation Protector Benefit rider will be assessed annually during the waiting period. The rider ends when the waiting period expires, no further benefit will be payable, and no further charges for the rider will be deducted. After the waiting period, you have the following options:

• Continue your contract;

• Take partial surrenders or make a full surrender; or

• Annuitize your contract.

The Accumulation Protector Benefit rider may not be purchased with the optional *SecureSource Stages 2* rider.

You should consider whether an Accumulation Protector Benefit rider is appropriate for you because:

• you must invest in one of the approved investment options. This requirement limits your choice of investments. This means you will not be able to allocate contract value to all of the subaccounts, GPAs or the regular fixed account that are available under the contract to other contract owners who do not elect this rider. You may allocate qualifying purchase payments to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and we will make monthly transfers into the investment option you have chosen. (See "Making the Most of Your Contract — Portfolio Navigator Program and Portfolio Stabilizer Funds") In addition, the *Income Guide* program is not available to you(See "Making the Most of Your Contract — The *Income Guide* Program);

• you may not make additional purchase payments to your contract during the waiting period after the first 180 days immediately following the effective date of the Accumulation Protector Benefit rider. Some exceptions apply (see "Additional Purchase Payments with Elective Step-up" below) In addition, we reserve the right to change these additional purchase payment limits, including making further restrictions, upon written notice;

• if you purchase this contract as a qualified annuity, for example, an IRA, you may need to take partial surrenders from your contract to satisfy the RMDs under the Code. Partial surrenders, including those used to satisfy RMDs, will reduce any potential benefit that the Accumulation Protector Benefit rider provides. You should consult your tax advisor if you have any questions about the use of this rider in your tax situation;

• if you think you may surrender all of your contract value before you have held your contract with this benefit rider attached for 10 years, or you are considering selecting an annuity payout option within 10 years of the effective date of your contract, you should consider whether this optional benefit is right for you. You must hold the contract a

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minimum of 10 years from the effective date of the Accumulation Protector Benefit rider, which is the length of the waiting period under the Accumulation Protector Benefit rider, in order to receive the benefit, if any, provided by the Accumulation Protector Benefit rider. In some cases, as described below, you may need to hold the contract longer than 10 years in order to qualify for any benefit the Accumulation Protector Benefit rider may provide;

• the 10 year waiting period under the Accumulation Protector Benefit rider will restart if you exercise the elective step-up option (described below) or your surviving spouse exercises the spousal continuation elective step-up (described below); and

• the 10 year waiting period under the Accumulation Protector Benefit rider may be restarted if you elect to change your investment option to one that causes the Accumulation Protector Benefit rider fee to increase (see "Waiting Period" below).

Be sure to discuss with your financial advisor whether an Accumulation Protector Benefit rider is appropriate for your situation.

**Here are some general terms that are used to describe the operation of the Accumulation Protector Benefit:** 

**Benefit Date:** This is the first valuation date immediately following the expiration of the waiting period.

**Minimum Contract Accumulation Value (MCAV):** An amount calculated under the Accumulation Protector Benefit rider. The contract value will be increased to equal the MCAV on the benefit date if the contract value on the benefit date is less than the MCAV on the benefit date.

**Adjustments for Partial Surrenders:** The adjustment made for each partial surrender from the contract is equal to the amount derived from multiplying (a) and (b) where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is 1 minus the ratio of the contract value on the date of (but immediately after) the partial surrender to the contract value on the date of (but immediately prior to) the partial surrender; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the MCAV on the date of (but immediately prior to) the partial surrender.

**Waiting Period:** The waiting period for the rider is 10 years. We reserve the right to restart the waiting period on the latest contract anniversary if you change your investment option after we have exercised our rights to increase the rider fee. Waiting period will restart upon elective step-ups and spousal continuation step-ups. Your initial MCAV is equal to your initial purchase payment. It is increased by the amount of any subsequent purchase payments received within the first 180 days that the rider is effective. It is reduced by any adjustments for partial surrenders made during the waiting period.

**Automatic Step-up** 

On each contract anniversary after the effective date of the rider, the MCAV will be set to the greater of:

1. 80% of the contract value on the contract anniversary (after charges are deducted); or

2. the MCAV immediately prior to the automatic step-up.

The automatic step-up does not create contract value, guarantee the performance of any investment option, or provide a benefit that can be surrendered or paid upon death. Rather, the automatic step-up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date.

The automatic step-up of the MCAV does not restart the waiting period or increase the fee (although the total charge for the rider may increase).

**Elective Step-up Option** 

Within thirty days following each contract anniversary after the rider effective date, but prior to the benefit date, you may notify us in writing that you wish to exercise the annual elective step-up option. You may exercise this elective step-up option only once per contract year during this 30 day period. If your contract value (after charges are deducted) on the valuation date we receive your written request to step-up is greater than the MCAV on that date, your MCAV will increase to 100% of that contract value.

We may increase the fee for your rider (see "Charges and Adjustments – Optional Benefit Charges – Optional Living Benefit Charges – Accumulation Protector Benefit Rider Charge"). The revised fee would apply to your rider if you exercise the annual elective step-up, your MCAV is increased as a result, and the revised fee is higher than your annual rider fee before the elective step-up. Elective step-ups will also result in a restart of the waiting period as of the most recent contract anniversary.

The elective step-up does not create contract value, guarantee the performance of any investment option or provide any benefit that can be surrendered or paid upon death. Rather the elective step-up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date.

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The elective step-up option is not available to non-spouse beneficiaries that continue the contract during the waiting period. 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. (see "The Annuitization Start Date" for annuitization start date options)

**Additional Purchase Payments with Annual Elective Step-ups** 

If your MCAV is increased as a result of Elective Step-up, you have 180 days from the latest contract anniversary to make additional purchase payments, if allowed under the base contract. The MCAV will include the amount of any additional purchase payments received during this period.

**Spousal Continuation** 

If a spouse chooses to continue the contract under the spousal continuation provision, the rider will continue as part of the contract. Once, within the thirty days following the date of spousal continuation, the spouse may choose to exercise an elective step-up. The spousal continuation elective step-up is in addition to the annual elective step-up. If the contract value on the valuation date we receive the written request to exercise this option is greater than the MCAV on that date, we will increase the MCAV to that contract value. If the MCAV is increased as a result of the elective step-up and we have increased the fee for the Accumulation Protector Benefit rider, you will pay the fee that is in effect on the valuation date we receive their written request to step-up. In addition, the waiting period will restart as of the most recent contract anniversary.

**Change of Ownership or Assignment** 

Subject to state limitations, a change of ownership or assignment is subject to our approval.

**Terminating the Rider** 

The rider will terminate under the following conditions:

The rider will terminate before the Benefit Date without paying a benefit on the date:

• you take a full surrender;

• on the annuitization start date;

• the contract terminates as a result of the death benefit being paid; or

• when a beneficiary elects an alternative payment plan which is an inherited IRA.

The rider will terminate on the Benefit Date.

For an example, see Appendix D.

The Annuity Payout Period

As owner of the contract, you have the right to decide how and to whom annuity payouts will be made starting on the annuitization start date. You may select one of the annuity payout plans outlined below, or we may mutually agree on other payout arrangements. Currently, we make annuity payments on a monthly, quarterly, semi-annually and annual basis. As discussed below, certain annuity payout options have a "guaranteed period," during which payments are guaranteed to continue. Longer guaranteed periods will result in lower annuity payment amounts.

We do not deduct surrender charges upon annuitization but surrender charges may be applied when electing to exercise liquidity features we may make available under certain fixed annuity payout options.

You also decide whether we will make annuity payouts on a fixed or variable basis, or a combination of fixed and variable. The amount available to purchase payouts under the plan you select is the contract value on your annuitization start date after any rider charges have been deducted, plus any positive or negative MVA (less any applicable premium tax). Additionally, we currently allow you to use part of the amount available to purchase payouts, leaving any remaining contract value to accumulate on a tax-deferred basis. Special rules apply for partial annuitization of your annuity contract, see "Taxes – Nonqualified Annuities – Annuity Payouts" and "Taxes – Qualified Annuities – Annuity Payouts."

If you select a variable annuity payout, we reserve the right to limit the number of subaccounts in which you may invest. The GPAs and the Special DCA fixed account are not available during this payout period.

**Amounts of fixed and variable payouts depend on:** 

• the annuity payout plan you select;

• the annuitant's age and, in most cases, sex;

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• the annuity table in the contract; and

• the amounts you allocated to the accounts on the annuitization start date.

In addition, for variable payouts only, amounts depend on the investment performance of the subaccounts you select. These payouts will vary from month to month based on the performance of the funds. Fixed payouts generally remain the same from month to month unless you have elected an option providing for increasing payments or are exercising any available liquidity features we may offer and you have elected.

For information with respect to transfers between accounts after annuity payouts begin, see "Making the Most of Your Contract – Transfer Policies."

Annuity Tables

The annuity tables in your contract (Table A and Table B) show the amount of the monthly payout for each $1,000 of contract value according to the annuitant's age and, when applicable, the annuitant's sex. (Where required by law, we will use a unisex table of annuity payout rates.)

Table A shows the amount of the first monthly variable payout assuming that the contract value is invested at the beginning of the annuity payout period and earns a 5% rate of return, which is reinvested and helps to support future payouts. If you ask us at least 30 days before the annuitization start date, we will substitute an annuity Table based on an assumed 3.5% investment return for the 5% Table A in the contract. The assumed investment return affects both the amount of the first payout and the extent to which subsequent payouts increase or decrease. For example, annuity payouts will increase if the investment return is above the assumed investment return and payouts will decrease if the return is below the assumed investment return. Using the 5% assumed interest return results in a higher initial payout, but later payouts will increase more slowly when annuity unit values rise and decrease more rapidly when they decline.

Table B shows the minimum amount of each fixed payout. We declare current payout rates that we use in determining the actual amount of your fixed annuity payout. The current payout rates will equal or exceed the guaranteed payout rates shown in Table B. We will furnish these rates to you upon request.

Annuity Payout Plans

We make available variable annuity payouts where payout amounts may vary based on the performance of the variable account. We may also make fixed annuity payouts available where payments of a fixed amount are made for the period specified in the plan, subject to any surrender we may permit. You may choose any one of these annuity payout plans by giving us written instructions at least 30 days before the annuitization start date:

• **Plan A: Life annuity** – **no refund:** We make monthly payouts until the annuitant's death. Payouts end with the last payout before the annuitant's death. We will not make any further payouts. This means that if the annuitant dies after we made only one monthly payout, we will not make any more payouts.

• **Plan B: Life income with guaranteed period:** We make monthly payouts for a guaranteed payout period of five, ten, or 15 years that you elect. This election will determine the length of the payout period in the event if the annuitant dies before the elected period expires. We calculate the guaranteed payout period from the annuitization start date. If the annuitant outlives the elected guaranteed payout period, we will continue to make payouts until the annuitant's death.

• **Plan C: Life annuity** – **installment refund:** We make monthly payouts until the annuitant's death, with our guarantee that payouts will continue for some period of time. We will make payouts for at least the number of months determined by dividing the amount applied under this option by the first monthly payout, whether or not the annuitant is living.

• **Plan D: Joint and last survivor life annuity** – **no refund:** We make monthly payouts while both the annuitant and a joint annuitant are living. If either annuitant dies, we will continue to make monthly payouts at the full amount until the death of the surviving annuitant. Payouts end with the death of the second annuitant.

• **Plan E: Payouts for a specified period:** We make monthly payouts for a specific payout period of ten to 30 years that you elect. We will make payouts only for the number of years specified whether the annuitant is living or not. Depending on the selected time period, it is foreseeable that the annuitant can outlive the payout period selected. During the payout period, you can elect to have us determine the present value of any remaining payouts and pay it to you in a lump sum.

For Plan A, if the annuitant dies before the initial payment, no payments will be made. For Plan B, if the annuitant dies before the initial payment, the payments will continue for the guaranteed payout period. For Plan C, if the annuitant dies before the initial payment, the payments will continue for the installment refund period. For Plan D, if both annuitants die before the initial payment, no payments will be made; however, if one annuitant dies before the initial payment, the payments will continue until the death of the surviving annuitant.

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In addition to the annuity payout plans described above, we may offer additional payout plans. These plans may include cash refund features providing a guarantee of receiving at least a return of the annuitization amount (less any annuity payments made and any premium tax paid) in the event of the annuitant's death, term certain installment plans with varying durations, and liquidity features allowing access under certain circumstances to a surrender of the underlying value of remaining payments. Terms and conditions of annuity payout plans will be disclosed at the time of election, including any associated fees or charges. It is important to remember that the election and use of liquidity features may either reduce the amount of future payouts you would otherwise receive or result in payouts ceasing.

**Utilizing a liquidity feature to surrender the underlying value of remaining payments may result in the assessment of a surrender charge (See "Charges and Adjustments – Transaction Expenses** – **Surrender Charge") or a 10% IRS penalty tax. (See "Taxes.")** 

**Annuity payout plan requirements for qualified annuities:** If your contract is a qualified annuity, you have the responsibility for electing a payout plan under your contract that complies with applicable law. Your contract describes your payout plan options. The options will meet certain IRS regulations governing RMDs if the payout plan meets the incidental distribution benefit requirements, if any, and the payouts are made:

• in equal or substantially equal payments over a period not longer than your life expectancy or over the joint life expectancy of you and your designated beneficiary; or

• over a period certain not longer than your life expectancy or over the life expectancy of you and your designated beneficiary.

For qualified and nonqualified contracts with the *SecureSource Stages* 2 rider, if your annuitization start date is the maximum annuitization start date, you can choose one of the payout options available under the contract or an alternative fixed annuity payout option available under the rider. Under the rider's payout option, the minimum amount payable shown in Table B will not apply, and you will receive the ALP provided by this rider until the later of the death of covered person (***Joint Life:*** both covered spouses) or depletion of the PBG. If you choose to receive the ALP, the amount payable each year will be equal to the ALP on the annuitization start date. The amount paid in the current contract year will be reduced for any prior withdrawals in that year. These annualized amounts will be paid in monthly installments. If the monthly payment is less than $100, we have the right to change the frequency, but no less frequently than annually. We may also pay the present remaining value of any payment if the monthly payment is less than $20. The present value will be calculated on the same mortality and interest rate basis used in Table B in the contract If you choose to receive the ALP rather than a payout option available under the contract, all other contract features, rider features and charges terminate after the annuitization start date except for the principal back guarantee.

You must select a payout plan as of the annuitization start date set forth in your contract.

**If we do not receive instructions:** You must give us written instructions for the annuity payouts at least 30 days before the annuitization start date. If you do not, we will make payouts under Plan B, with 120 monthly payouts guaranteed.

**If monthly payouts would be less than $20:** We will calculate the amount of monthly payouts at the time amounts are applied to a payout plan. If the calculations show that monthly payouts would be less than $20, we have the right to pay the amount that would otherwise have been applied to a plan to the owner in a lump sum or to change the frequency of the payouts.

**Death after annuity payouts begin:** If you die after annuity payouts begin, we will pay any amount payable to the beneficiary as provided in the annuity payout plan in effect.

Taxes

Under current law, your contract has a tax-deferral feature. Generally, this means you do not pay income tax until there is a taxable distribution (or deemed distribution) from the contract. We will send a tax information reporting form for any year in which we made a taxable or reportable distribution according to our records.

Nonqualified Annuities

Generally, only the increase in the value of a non-qualified annuity contract over the investment in the contract is taxable. Certain exceptions apply. Federal tax law requires that all nonqualified deferred annuity contracts issued by the same company (and possibly its affiliates) to the same owner during a calendar year be taxed as a single, unified contract when distributions are taken from any one of those contracts.

**Annuity payouts:** Generally, unlike surrenders described below, the income taxation of annuity payouts is subject to exclusion ratios (for fixed annuity payouts) or annual excludable amounts (for variable annuity payouts). In other words, in most cases, a portion of each payout will be ordinary income and subject to tax, and a portion of each payout will be considered a return of part of your investment in the contract and will not be taxed. All amounts you receive after your investment in the contract is fully recovered will be subject to tax. Under Annuity Payout Plan A: Life annuity — no refund, where the annuitant dies before your investment in the contract is fully recovered, the remaining portion of the

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unrecovered investment may be available as a federal income tax deduction to the owner for the last taxable year. Under all other annuity payout plans, where the annuity payouts end before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the taxpayer for the tax year in which the payouts end. (See "The Annuity Payout Period — Annuity Payout Plans.")

Federal tax law permits taxpayers to annuitize a portion of their nonqualified annuity while leaving the remaining balance to continue to grow tax-deferred. Under the partial annuitization rules, the portion annuitized must be received as an annuity for a period of 10 years or more, or for the lives of one or more individuals. If this requirement is met, the annuitized portion and the tax-deferred balance will generally be treated as two separate contracts for income tax purposes only. If a contract is partially annuitized, the investment in the contract is allocated between the deferred and the annuitized portions on a pro rata basis.

**Surrenders:** Generally, if you surrender all or part of your nonqualified annuity before the annuitization start date, including surrenders under any optional withdrawal benefit rider, your surrender will be taxed to the extent that the contract value immediately before the surrender exceeds the investment in the contract. Application of surrender charges may alter the manner in which we tax report the surrender. Different rules may apply if you exchange another contract into this contract.

You also may have to pay a 10% IRS penalty for surrenders of taxable income you make before reaching age 59½ unless certain exceptions apply.

**Withholding:** If you receive taxable income as a result of an annuity payout or surrender, including surrenders under any optional withdrawal benefit rider, we may deduct federal, and in some cases state withholding against the payment. Any withholding represents a prepayment of your income tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, you have a valid U.S. address and payments are delivered inside the United States, you may be able to elect not to have federal income tax withholding occur.

If the payment is part of an annuity payout plan, we generally compute the amount of federal income tax withholding using payroll tables. You may complete our Form W-4P to use in calculating the withholding if you want withholding other than the default (single filing status with no adjustments). If the distribution is any other type of payment (such as partial or full surrender) we compute federal income tax withholding using 10% of the taxable portion unless you elect a different percentage via our Form W-4R or another acceptable method.

The federal income tax withholding requirements differ if we deliver payment outside the United States or you are a non-resident alien.

Some states also may impose income tax withholding requirements similar to the federal withholding described above or may allow you to elect withholding. If this should be the case, we may deduct state income tax withholding from the payment.

Federal and state tax withholding rules are subject to change. Annuity payouts and surrenders are subject to the tax withholding rules in effect at the time that they are made, which may differ from the rules described above.

**Death benefits to beneficiaries:** The death benefit under a nonqualified contract is not exempt from estate (federal or state) taxes. In addition, for income tax purposes, any amount your beneficiary receives that exceeds the remaining investment in the contract is taxable as ordinary income to the beneficiary in the year he or she receives the payments. (See "Benefits in Case of Death — If You Die Before the Annuitization Start Date").

**Net Investment Income Tax:** Certain investment income of high-income individuals (as well as estates and trusts) is subject to a 3.8% net investment income tax (as an addition to income taxes). For individuals, the 3.8% tax applies to the *lesser* of (1) the amount by which the taxpayer's modified adjusted gross income exceeds $200,000 ($250,000 for married filing jointly and surviving spouses; $125,000 for married filing separately) or (2) the taxpayer's "net investment income." Net investment income includes taxable income from nonqualified annuities. Annuity holders are advised to consult their tax advisor regarding the possible implications of this additional tax.

**Annuities owned by corporations, partnerships or irrevocable trusts:** For nonqualified annuities, any annual increase in the value of annuities held by such entities (nonnatural persons) generally will be treated as ordinary income received during that year. However, if the trust was set up for the benefit of a natural person(s) only, the income may generally remain tax-deferred until surrendered or paid out.

**Penalties:** If you receive amounts from your nonqualified annuity before reaching age 59½, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty will not apply to any amount received:

• because of your death or in the event of nonnatural ownership, the death of the annuitant;

• because you become disabled (as defined in the Code);

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• if the distribution is part of a series of substantially equal periodic payments, made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary);

• if it is allocable to an investment before Aug. 14, 1982; or

• if annuity payouts are made under immediate annuities as defined by the Code.

**Transfer of ownership:** Generally, if you transfer ownership of a nonqualified annuity without receiving adequate consideration, the transfer may be taxed as a surrender for federal income tax purposes. If the transfer is a currently taxable event for income tax purposes, the original owner will be taxed on the amount of deferred earnings at the time of the transfer and also may be subject to the 10% IRS penalty discussed earlier. In this case, the new owner's investment in the contract will be equal to the investment in the contract at the time of the transfer plus any earnings included in the original owner's taxable income as a result of the transfer. In general, this rule does not apply to transfers between spouses or former spouses. Similar rules apply if you transfer ownership for full consideration. Please consult your tax advisor for further details.

**1035 Exchanges of nonqualified annuities:** Section 1035 of the Code permits nontaxable exchanges of certain insurance policies, endowment contracts, annuity contracts and qualified long-term care insurance products, while providing for continued tax deferral of earnings. In addition, Section 1035 permits the carryover of the investment in the contract from the old policy or contract to the new policy or contract. In a 1035 exchange one policy or contract is exchanged for another policy or contract. The following can qualify as nontaxable exchanges: (1) the exchange of a life insurance policy for another life insurance policy or for an endowment, annuity or qualified long-term care insurance contract, (2) the exchange of an endowment contract for an annuity or qualified long-term care insurance contract, or for an endowment contract under which payments will begin no later than payments would have begun under the contract exchanged, (3) the exchange of an annuity contract for another annuity contract or for a qualified long-term care insurance contract, and (4) the exchange of a qualified long-term care insurance contract for a qualified long-term care insurance contract. However, if the life insurance policy has an outstanding loan, there may be tax consequences. Additionally, other tax rules apply. Depending on the issue date of your original policy or contract, there may be tax or other benefits that are given up to gain the benefits of the new policy or contract. Consider whether the features and benefits of the new policy or contract outweigh any tax or other benefits of the old contract.

For a partial exchange of an annuity contract for another annuity contract, the 1035 exchange is generally tax-free. The investment in the original contract and the earnings on the contract will be allocated proportionately between the original and new contracts. However, per IRS Revenue Procedure 2011-38, if surrenders are taken from either contract within the 180-day period following a partial 1035 exchange, the IRS will apply general tax principles to determine the appropriate tax treatment of the exchange and subsequent surrender. As a result, there may be unexpected tax consequences. You should consult your tax advisor before taking any surrender from either contract during the 180-day period following a partial exchange.

**Assignment:** If you assign or pledge your contract as collateral for a loan, earnings on purchase payments you made after Aug. 13, 1982 will be taxed as a deemed distribution and also may be subject to the 10% penalty as discussed above.

Qualified Annuities

Adverse tax consequences may result if you do not ensure that contributions, distributions and other transactions under the contract comply with the law. Qualified annuities have minimum distribution rules that govern the timing and amount of distributions. You should refer to your retirement plan's Summary Plan Description, your IRA disclosure statement, or consult a tax advisor for additional information about the distribution rules applicable to your situation.

When you use your contract to fund a retirement plan or IRA that is already tax-deferred under the Code, the contract will not provide any necessary or additional tax deferral. If your contract is used to fund an employer sponsored plan, your right to benefits may be subject to the terms and conditions of the plan regardless of the terms of the contract.

**Annuity payouts:** Under a qualified annuity, except a Roth IRA, the entire payout generally is includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non-deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars; or (4) the contract is used to fund a retirement plan and you direct such payout to be directly rolled over to another eligible retirement plan such as an IRA. We may permit partial annuitizations of qualified annuity contracts. If we accept partial annuitizations, please remember that your contract will still need to comply with other requirements such as required minimum distributions and the payment of taxes. Prior to considering a partial annuitization on a qualified contract, you should discuss your decision and any implications with your tax adviser. Because we cannot accurately track certain after-tax funding sources, we will generally report any payments on partial annuitizations as ordinary income except in the case of a qualified distribution from a Roth IRA.

**Annuity payouts from Roth IRAs:** In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59½ and meet the five year holding period.

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**Surrenders:** Under a qualified annuity, except a Roth IRA, the entire surrender will generally be includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non-deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars; or (4) the contract is used to fund a retirement plan and you direct such surrender to be directly rolled over to another eligible retirement plan such as an IRA.

**Surrenders from Roth IRAs:** In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59½ and meet the five year holding period or another qualifying event such as death or disability.

**Required Minimum Distributions:** Retirement plans (except for Roth IRAs) are subject to required surrenders called required minimum distributions ("RMDs") beginning at age 73. RMDs are based on the fair market value of your contract at year-end divided by the life expectancy factor. Certain death benefits and optional riders may be considered in determining the fair market value of your contract for RMD purposes. This may cause your RMD to be higher. You should consult your tax advisor prior to making a purchase for an explanation of the potential tax implications to you. Inherited IRAs (including inherited Roth IRAs) are subject to special required minimum distribution rules.

**Withholding for IRAs, Roth IRAs, SEPs and SIMPLE IRAs:** If you receive taxable income as a result of an annuity payout or a surrender, including surrenders under any optional withdrawal benefit rider, we may deduct withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, you can elect not to have any withholding occur.

If the payment is part of an annuity payout plan, we generally compute the amount of federal income tax withholding using payroll tables. You may complete our Form W-4P to use in calculating the withholding if you want withholding other than the default (single filing status with no adjustments). If the distribution is any other type of payment (such as partial or full surrender) we compute federal income tax withholding using 10% of the taxable portion unless you elect a different percentage via our Form W-4R or another acceptable method.

The federal income tax withholding requirements differ if we deliver payment outside the United States or you are a non-resident alien.

Some states also may impose income tax withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state income tax withholding from the payment.

**Withholding for all other qualified annuities where RiverSource or Ameriprise Trust Company is responsible for tax reporting:** If you receive directly all or part of the contract value from a qualified annuity, mandatory 20% federal income tax withholding (and possibly state income tax withholding) generally will be imposed at the time the payout is made from the plan. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. This mandatory withholding will not be imposed if instead of receiving the distribution check, you elect to have the distribution rolled over directly to an IRA or another eligible plan. Payments made to a surviving spouse instead of being directly rolled over to an IRA are also subject to mandatory 20% income tax withholding.

In the below situations, the distribution is subject to optional withholding instead of the mandatory 20% withholding. We will withhold 10% of the distribution amount unless you elect otherwise.

• the payout is one in a series of substantially equal periodic payouts, made at least annually, over your life or life expectancy (or the joint lives or life expectancies of you and your designated beneficiary) or over a specified period of 10 years or more;

• the payout is a RMD as defined under the Code;

• the payout is made on account of an eligible hardship; or

• the payout is a corrective distribution.

State withholding also may be imposed on taxable distributions.

**Penalties:** If you receive amounts from your qualified contract before reaching age 59½, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty generally will not apply to any amount received:

• because of your death;

• because you become disabled (as defined in the Code);

• if the distribution is part of a series of substantially equal periodic payments made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary);

• to pay certain medical or education expenses (IRAs only);

• if the distribution is made from an inherited IRA; or

• any other instances, as allowed by the IRS.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 83

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**Death benefits to beneficiaries:** The entire death benefit generally is taxable as ordinary income to the beneficiary in the year he/she receives the payments from the qualified annuity. If you made non-deductible contributions to a traditional IRA, the portion of any distribution from the contract that represents after-tax contributions is not taxable as ordinary income to your beneficiary. Under current IRS requirements, you are responsible for keeping all records tracking your non-deductible contributions to an IRA. Death benefits under a Roth IRA generally are not taxable as ordinary income to the beneficiary if certain distribution requirements are met. (See "Benefits in Case of Death — If You Die Before the Annuitization Start Date").

**Change of retirement plan type:** IRS regulations allow for rollovers of certain retirement plan distributions. In some circumstances, you may be able to have an intra-contract rollover, keeping the same features and conditions. If the annuity contract you have does not support an intra-contract rollover, you are able to request an IRS approved rollover to another annuity contract or other investment product that you choose. If you choose another annuity contract or investment product, you will be subject to new rules, including a new surrender charge schedule for an annuity contract, or other product rules as applicable.

**Assignment:** You may not assign or pledge your qualified contract as collateral for a loan.

Other

**Special considerations if you select any optional rider:** As of the date of this prospectus, we believe that charges related to these riders are not subject to current taxation. Therefore, we will not report these charges as partial surrenders from your contract. However, the IRS may determine that these charges should be treated as partial surrenders subject to taxation to the extent of any gain as well as the 10% tax penalty for surrenders before the age of 59½, if applicable, on the taxable portion. <br>We reserve the right to report charges for these riders as partial surrenders if we, as a withholding and reporting agent, believe that we are required to report them. In addition, we will report any benefits attributable to these riders on your death as an annuity death benefit distribution, not as proceeds from life insurance.

**Important:** Our discussion of federal tax laws is based upon our understanding of current interpretations of these laws. Federal tax laws or current interpretations of them may change. For this reason and because tax consequences are complex and highly individual and cannot always be anticipated, you should consult a tax advisor if you have any questions about taxation of your contract.

**RiverSource Life's tax status:** We are taxed as a life insurance company under the Code. For federal income tax purposes, the subaccounts are considered a part of our company, although their operations are treated separately in accounting and financial statements. Investment income is reinvested in the fund in which each subaccount invests and becomes part of that subaccount's value. This investment income, including realized capital gains, is not subject to any withholding for federal or state income taxes. We reserve the right to make such a charge in the future if there is a change in the tax treatment of variable annuities or in our tax status as we then understand it.

The company includes in its taxable income the net investment income derived from the investment of assets held in its subaccounts because the company is considered the owner of these assets under federal income tax law. The company may claim certain tax benefits associated with this investment income. These benefits, which may include foreign tax credits and the corporate dividend received deduction, are not passed on to you since the company is the owner of the assets under federal tax law and is taxed on the investment income generated by the assets.

**Tax qualification:** We intend that the contract qualify as an annuity for federal income tax purposes. To that end, the provisions of the contract are to be interpreted to ensure or maintain such tax qualification, in spite of any other provisions of the contract. We reserve the right to amend the contract to reflect any clarifications that may be needed or are appropriate to maintain such qualification or to conform the contract to any applicable changes in the tax qualification requirements. We will send you a copy of any amendments.

**Spousal status:** When it comes to your marital status and the identification and naming of any spouse as a beneficiary or party to your contract, we will rely on the representations you make to us. Based on this reliance, we will issue and administer your contract in accordance with these representations. If you represent that you are married and your representation is incorrect or your marriage is deemed invalid for federal or state law purposes, then the benefits and rights under your contract may be different.

If you have any questions as to the status of your relationship as a marriage, then you should consult an appropriate tax or legal advisor.

Voting Rights

As a contract owner with investments in the subaccounts, you may vote on important fund policies until annuity payouts begin. Once they begin, the person receiving them has voting rights. We will vote fund shares according to the instructions of the person with voting rights.

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84 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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Before annuity payouts begin, the number of votes you have is determined by applying your percentage interest in each subaccount to the total number of votes allowed to the subaccount.

After annuity payouts begin, the number of votes you have is equal to:

• the reserve held in each subaccount for your contract; divided by

• the net asset value of one share of the applicable fund.

As we make annuity payouts, the reserve for the contract decreases; therefore, the number of votes also will decrease.

We calculate votes separately for each subaccount. We will send notice of shareholders' meetings, proxy materials and a statement of the number of votes to which the voter is entitled. We are the legal owner of all fund shares and therefore hold all voting rights. However, to the extent required by law, we will vote the shares of each fund according to instructions we receive from contract owners. We will vote shares for which we have not received instructions and shares that we or our affiliates own in our own names in the same proportion as the votes for which we received instructions. As a result of this proportional voting, in cases when a small number of contract owners vote, their votes will have a greater impact and may even control the outcome.

To the extent that voting rights created under applicable federal securities laws are revised or alter the voting rights described herein, we reserve the right to proceed in accordance with those laws and regulatory guidance.

Substitution of Investments

We may substitute the Funds in which the subaccounts invest if:

• laws or regulations change;

• the existing funds become unavailable; or

• in our judgment, the funds no longer are suitable (or no longer the most suitable) for the Subaccounts.

If any of these situations occur, we have the right to substitute a Fund currently listed in this prospectus (existing fund) for another Fund (new Fund), provided we obtain any required SEC and state insurance law approval. The new Fund may have higher fees and/or operating expenses than the existing Fund. Also, the new Fund may have investment objectives and policies and/or investment advisers which differ from the existing Fund.

We may also:

• add new Subaccounts;

• combine any two or more Subaccounts;

• transfer assets to and from the Subaccounts or the Variable Account; and

• eliminate or close any Subaccounts.

We will notify you of any substitution or change and obtain your approval if required.

In certain limited circumstances permitted by applicable law, we may amend the contract and take whatever action is necessary and appropriate without your consent or approval. We will obtain any required prior approval of the SEC or state insurance department before making any substitution or change.

About the Service Providers

Principal Underwriter

RiverSource Distributors, Inc. (RiverSource Distributors), our affiliate, serves as the principal underwriter and general distributor of the contract. Its offices are located at 829 Ameriprise Financial Center, Minneapolis, MN 55474. RiverSource Distributors is a wholly-owned subsidiary of Ameriprise Financial, Inc.

**Sales of the Contract** 

**New contracts are not currently being offered.** 

• Only securities broker-dealers ("selling firms") registered with the SEC and members of the FINRA may sell the contract.

• The contracts are continuously offered to the public through authorized selling firms. We and RiverSource Distributors have a sales agreement with the selling firm. The sales agreement authorizes the selling firm to offer the contracts to the public. RiverSource Distributors pays the selling firm (or an affiliated insurance agency) for contracts its financial advisors sell. The selling firm may be required to return sales commissions under certain circumstances including but not limited to when contracts are returned under the free look period.

**Payments to Selling Firms** 

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 85

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• We may use compensation plans which vary by selling firm. For example, 7.50% each time a purchase payment is made. We may pay ongoing trail commissions of up to 1.25% of the contract value. We do not pay or withhold payment of commissions based on which investment options you select.

• We may pay selling firms a temporary additional sales commission of up to 1% of purchase payments for a period of time we select. For example, we may offer to pay a temporary additional sales commission to get selling firms to market a new or enhanced contract or to increase sales during the period.

• In addition to commissions, we may, in order to promote sales of the contracts, and as permitted by applicable laws and regulations, pay or provide selling firms with other promotional incentives in cash, credit or other compensation. We generally (but may not) offer these promotional incentives to all selling firms. The terms of such arrangements differ between selling firms. These promotional incentives may include but are not limited to:

• sponsorship of marketing, educational, due diligence and compliance meetings and conferences we or the selling firm may conduct for financial advisors, including subsidy of travel, meal, lodging, entertainment and other expenses related to these meetings;

• marketing support related to sales of the contract including for example, the creation of marketing materials, advertising and newsletters;

• providing service to contract owners; and

• funding other events sponsored by a selling firm that may encourage the selling firm's financial advisors to sell the contract.

These promotional incentives or reimbursements may be calculated as a percentage of the selling firm's aggregate, net or anticipated sales and/or total assets attributable to sales of the contract, and/or may be a fixed dollar amount. As noted below this additional compensation may cause the selling firm and its financial advisors to favor the contracts.

**Sources of Payments to Selling Firms** 

We pay the commissions and other compensation described above from our assets. Our assets may include:

• revenues we receive from fees and expenses that you will pay when buying, owning and surrendering the contract (see "Fee Table and Examples");

• compensation we or an affiliate receive from the underlying funds in the form of distribution and services fees (see "The Variable Account and the Funds – The Funds");

• compensation we or an affiliate receive from a fund's investment adviser, subadviser, distributor or an affiliate of any of these (see "The Variable Account and the Funds – The Funds"); and

• revenues we receive from other contracts and policies we sell that are not securities and other businesses we conduct.

You do not directly pay the commissions and other compensation described above as the result of a specific charge or deduction under the contract. However, you may pay part or all of the commissions and other compensation described above indirectly through:

• fees and expenses we collect from contract owners , including surrender charges; and

• fees and expenses charged by the underlying funds in which the subaccounts you select invest, to the extent we or one of our affiliates receive revenue from the funds or an affiliated person.

**Potential Conflicts of Interest** 

Compensation payment arrangements with selling firms can potentially:

• give selling firms a heightened financial incentive to sell the contract offered in this prospectus over another investment with lower compensation to the selling firm.

• cause selling firms to encourage their financial advisors to sell you the contract offered in this prospectus instead of selling you other alternative investments that may result in lower compensation to the selling firm.

• cause selling firms to grant us access to its financial advisors to promote sales of the contract offered in this prospectus, while denying that access to other firms offering similar contracts or other alternative investments which may pay lower compensation to the selling firm.

**Payments to Financial Advisors** 

• The selling firm pays its financial advisors. The selling firm decides the compensation and benefits it will pay its financial advisors.

• To inform yourself of any potential conflicts of interest, ask your financial advisor before you buy how the selling firm and its financial advisors are being compensated and the amount of the compensation that each will receive if you buy the contract.

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86 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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Issuer

We issue the contracts. We are a stock life insurance company organized in 1957 under the laws of the state of Minnesota and are located at 829 Ameriprise Financial Center, Minneapolis, MN 55474. We are a wholly-owned subsidiary of Ameriprise Financial, Inc.

We conduct a conventional life insurance business. We are licensed to do business in 49 states, the District of Columbia and American Samoa. Our primary products currently include fixed and variable annuity contracts (including registered indexed linked annuity contracts) and life insurance policies.

We rely on the exemption from the reporting requirements of Section 15(d) of the Securities Exchange Act of 1934, as amended (the "1934 Act"), provided by Rule 12h-7 under the 1934 Act. We are obligated to pay all amounts promised to you under the Contract, subject to our financial strength and claims-paying ability.

Legal Proceedings

RiverSource Life (the Company) is involved in the normal course of business in legal proceedings which include regulatory inquiries, arbitration and litigation, including class actions, concerning matters arising in connection with the conduct of its activities. These include proceedings specific to the Company as well as proceedings generally applicable to business practices in the industries in which it operates. The Company can also be subject to legal proceedings arising out of its general business activities, such as its investments, contracts, and employment relationships. Uncertain economic conditions, heightened and sustained volatility in the financial markets and significant financial reform legislation may increase the likelihood that clients and other persons or regulators may present or threaten legal claims or that regulators increase the scope or frequency of examinations of the Company or the insurance industry generally.

As with other insurance companies, the level of regulatory activity and inquiry concerning the Company's businesses remains elevated. From time to time, the Company and its affiliates, including Ameriprise Financial Services, LLC ("AFS") and RiverSource Distributors, Inc. receive requests for information from, and/or are subject to examination or claims by various state, federal and other domestic authorities. The Company and its affiliates typically have numerous pending matters, which includes information requests, exams or inquiries regarding their business activities and practices and other subjects, including from time to time: sales and distribution of various products, including the Company's life insurance and variable annuity products; supervision of associated persons, including AFS financial advisors and RiverSource Distributors Inc.'s wholesalers; administration of insurance and annuity claims; security of client information; and transaction monitoring systems and controls. The Company and its affiliates have cooperated and will continue to cooperate with the applicable regulators.

These legal proceedings are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss. The Company cannot predict with certainty if, how or when any such proceedings will be initiated or resolved. Matters frequently need to be more developed before a loss or range of loss can be reasonably estimated for any proceeding. An adverse outcome in one or more proceedings could eventually result in adverse judgments, settlements, fines, penalties or other sanctions, in addition to further claims, examinations or adverse publicity that could have a material adverse effect on the Company's consolidated financial condition, results of operations or liquidity.

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Financial Statements

The financial statements for RiverSource Variable Account 10, as well as the consolidated financial statements of RiverSource Life, are in the Statement of Additional Information. A current Statement of Additional Information may be obtained, without charge, by calling us at 1-800-862-7919, or can be found online at **www.ameriprise.com/variableannuities.**

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88 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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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 riversource.annuityservice@ampf.com. 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 Living 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.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to maximize total <br> return consistent with <br> AllianceBernstein's <br> determination of <br> reasonable risk.<br>| AB VPS Dynamic Asset Allocation Portfolio <br> (Class B)<sup>1</sup> <br>*AllianceBernstein L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.10%<sup>2</sup> <br>| &nbsp;&nbsp; 10.43% | &nbsp;&nbsp;&nbsp;&nbsp; 3.15% | &nbsp;&nbsp;&nbsp;&nbsp; 3.82% |
| Seeks long-term growth <br> of capital.<br>| AB VPS Large Cap Growth Portfolio (Class B)<br> *AllianceBernstein L.P.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp; 24.95% | &nbsp;&nbsp; 15.87% | &nbsp;&nbsp; 15.67% |
| Seeks long-term capital <br> appreciation.<br>| Allspring VT Opportunity Fund - Class 2<br> *Allspring Funds Management, LLC, adviser;* <br> *Allspring Global Investments, LLC,* <br> *sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%<sup>2</sup> <br>| &nbsp;&nbsp; 15.05% | &nbsp;&nbsp; 11.72% | &nbsp;&nbsp; 10.78% |
| Seeks long-term capital <br> appreciation.<br>| Allspring VT Small Cap Growth Fund - <br> Class 2<br> *Allspring Funds Management, LLC, adviser;* <br> *Allspring Global Investments, LLC,* <br> *sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.17% | &nbsp;&nbsp; 18.70% | &nbsp;&nbsp;&nbsp;&nbsp; 6.60% | &nbsp;&nbsp;&nbsp;&nbsp; 8.65% |
| The Portfolio seeks <br> investment results that <br> correspond (before fees <br> and expenses) generally <br> to the price and yield <br> performance of its <br> underlying index, the <br> Alerian Midstream <br> Energy Select Index (the <br> "Index").<br>| ALPS \| Alerian Energy Infrastructure <br> Portfolio: Class III<br> *ALPS Advisors, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.30%<sup>2</sup> <br>| &nbsp;&nbsp; 40.60% | &nbsp;&nbsp; 14.15% | &nbsp;&nbsp;&nbsp;&nbsp; 5.07% |
| Seeks high total <br> investment return.<br>| BlackRock Global Allocation V.I. Fund <br> (Class III)<br> *BlackRock Advisors, LLC, adviser; BlackRock* <br> *(Singapore) Limited, sub-adviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.02%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.01% | &nbsp;&nbsp;&nbsp;&nbsp; 5.74% | &nbsp;&nbsp;&nbsp;&nbsp; 5.33% |
| Seeks maximum total <br> investment return <br> through a combination <br> of capital growth and <br> current income.<br>| Columbia Variable Portfolio - Balanced Fund <br> (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp; 14.43% | &nbsp;&nbsp;&nbsp;&nbsp; 4.92% | &nbsp;&nbsp;&nbsp;&nbsp; 9.28% |
| Seeks to provide <br> shareholders with total <br> return.<br>| Columbia Variable Portfolio - Commodity <br> Strategy Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.09% | &nbsp;&nbsp;&nbsp;&nbsp; 5.69% | &nbsp;&nbsp;&nbsp;&nbsp; 8.94% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks total return, <br> consisting of long-term <br> capital appreciation and <br> current income.<br>| Columbia Variable Portfolio - Contrarian Core <br> Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95%<sup>2</sup> <br>| &nbsp;&nbsp; 23.09% | &nbsp;&nbsp;&nbsp;&nbsp; 9.62% | &nbsp;&nbsp; 14.78% |
| Seeks to provide <br> shareholders with high <br> total return through <br> income and growth of <br> capital.<br>| Columbia Variable Portfolio - Corporate Bond <br> Fund (Class 2) (previously Columbia Variable <br> Portfolio - Global Strategic Income Fund <br> (Class 2))<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.72%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.30% | &nbsp;&nbsp;&nbsp; (0.78%) | &nbsp;&nbsp;&nbsp;&nbsp; 0.63% |
| Seeks to provide <br> shareholders with <br> capital appreciation.<br>| Columbia Variable Portfolio - Disciplined <br> Core Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.92% | &nbsp;&nbsp; 25.74% | &nbsp;&nbsp;&nbsp;&nbsp; 8.14% | &nbsp;&nbsp; 13.77% |
| Seeks to provide <br> shareholders with a high <br> level of current income <br> and, as a secondary <br> objective, steady growth <br> of capital.<br>| Columbia Variable Portfolio - Dividend <br> Opportunity Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.98%<sup>2</sup> <br>| &nbsp;&nbsp; 15.12% | &nbsp;&nbsp;&nbsp;&nbsp; 5.97% | &nbsp;&nbsp;&nbsp;&nbsp; 8.62% |
| Non-diversified fund that <br> seeks to provide <br> shareholders with high <br> total return through <br> current income and, <br> secondarily, through <br> capital appreciation.<br>| Columbia Variable Portfolio - Emerging <br> Markets Bond Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.13% | &nbsp;&nbsp;&nbsp; (0.70%) | &nbsp;&nbsp;&nbsp;&nbsp; 0.46% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Columbia Variable Portfolio - Emerging <br> Markets Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.34%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.45% | &nbsp;&nbsp;&nbsp; (8.32%) | &nbsp;&nbsp;&nbsp; (1.01%) |
| Seeks to provide <br> shareholders with <br> maximum current <br> income consistent with <br> liquidity and stability of <br> principal.<br>| Columbia Variable Portfolio - Government <br> Money Market Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.61%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.71% | &nbsp;&nbsp;&nbsp;&nbsp; 3.42% | &nbsp;&nbsp;&nbsp;&nbsp; 2.09% |
| Seeks to provide <br> shareholders with high <br> current income as its <br> primary objective and, <br> as its secondary <br> objective, capital <br> growth.<br>| Columbia Variable Portfolio - High Yield Bond <br> Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.89%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.88% | &nbsp;&nbsp;&nbsp;&nbsp; 2.18% | &nbsp;&nbsp;&nbsp;&nbsp; 3.51% |
| Seeks to provide <br> shareholders with a high <br> total return through <br> current income and <br> capital appreciation.<br>| Columbia Variable Portfolio - Income <br> Opportunities Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.89%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.71% | &nbsp;&nbsp;&nbsp;&nbsp; 1.86% | &nbsp;&nbsp;&nbsp;&nbsp; 3.07% |

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90 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to provide <br> shareholders with a high <br> level of current income <br> while attempting to <br> conserve the value of <br> the investment for the <br> longest period of time.<br>| Columbia Variable Portfolio - Intermediate <br> Bond Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.77% | &nbsp;&nbsp;&nbsp;&nbsp; 1.73% | &nbsp;&nbsp;&nbsp; (3.72%) | &nbsp;&nbsp;&nbsp; (0.06%) |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Columbia Variable Portfolio - Large Cap <br> Growth Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.97% | &nbsp;&nbsp; 31.01% | &nbsp;&nbsp;&nbsp;&nbsp; 8.59% | &nbsp;&nbsp; 17.18% |
| Seeks to provide <br> shareholders with <br> long-term capital <br> appreciation.<br>| Columbia Variable Portfolio - Large Cap Index <br> Fund (Class 3)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.38% | &nbsp;&nbsp; 24.54% | &nbsp;&nbsp;&nbsp;&nbsp; 8.52% | &nbsp;&nbsp; 14.07% |
| Seeks to provide <br> shareholders with a <br> level of current income <br> consistent with <br> preservation of capital.<br>| Columbia Variable Portfolio - Limited <br> Duration Credit Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.66%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.64% | &nbsp;&nbsp;&nbsp;&nbsp; 1.48% | &nbsp;&nbsp;&nbsp;&nbsp; 1.81% |
| Seeks total return, <br> consisting of current <br> income and capital <br> appreciation.<br>| Columbia Variable Portfolio - Long <br> Government/Credit Bond Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.72%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp; (4.39%) | &nbsp;&nbsp;&nbsp; (9.65%) | &nbsp;&nbsp;&nbsp; (3.58%) |
| Seeks to provide <br> shareholders with <br> capital appreciation.<br>| Columbia Variable Portfolio - Overseas Core <br> Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.04% | &nbsp;&nbsp;&nbsp;&nbsp; 3.16% | &nbsp;&nbsp;&nbsp;&nbsp; 0.41% | &nbsp;&nbsp;&nbsp;&nbsp; 3.87% |
| Seeks to provide <br> shareholders with <br> long-term growth of <br> capital.<br>| Columbia Variable Portfolio - Select Large <br> Cap Value Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp; 12.58% | &nbsp;&nbsp;&nbsp;&nbsp; 5.04% | &nbsp;&nbsp;&nbsp;&nbsp; 9.29% |
| Seeks to provide <br> shareholders with <br> growth of capital.<br>| Columbia Variable Portfolio - Select Mid Cap <br> Growth Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.07%<sup>2</sup> <br>| &nbsp;&nbsp; 23.37% | &nbsp;&nbsp;&nbsp;&nbsp; 2.06% | &nbsp;&nbsp; 10.80% |
| Seeks to provide <br> shareholders with <br> long-term growth of <br> capital.<br>| Columbia Variable Portfolio - Select Mid Cap <br> Value Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.07%<sup>2</sup> <br>| &nbsp;&nbsp; 12.27% | &nbsp;&nbsp;&nbsp;&nbsp; 3.73% | &nbsp;&nbsp;&nbsp;&nbsp; 9.58% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Columbia Variable Portfolio - Select Small <br> Cap Value Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.10%<sup>2</sup> <br>| &nbsp;&nbsp; 13.66% | &nbsp;&nbsp;&nbsp;&nbsp; 2.95% | &nbsp;&nbsp;&nbsp;&nbsp; 9.19% |
| Seeks total return, <br> consisting of current <br> income and capital <br> appreciation.<br>| Columbia Variable Portfolio - Strategic <br> Income Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.51% | &nbsp;&nbsp;&nbsp;&nbsp; 0.33% | &nbsp;&nbsp;&nbsp;&nbsp; 1.82% |

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 91

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to provide <br> shareholders with <br> current income as its <br> primary objective and, <br> as its secondary <br> objective, preservation <br> of capital.<br>| Columbia Variable Portfolio - <br> U.S. Government Mortgage Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.71% | &nbsp;&nbsp;&nbsp;&nbsp; 1.33% | &nbsp;&nbsp;&nbsp; (2.91%) | &nbsp;&nbsp;&nbsp; (1.06%) |
| Seeks to provide <br> shareholders with a high <br> level of current income.<br>| CTIVP<sup>®</sup> - American Century Diversified Bond <br> Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; American Century Investment* <br> *Management, Inc., subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.75% | &nbsp;&nbsp;&nbsp;&nbsp; 1.53% | &nbsp;&nbsp;&nbsp; (3.33%) | &nbsp;&nbsp;&nbsp; (0.39%) |
| Non-diversified fund that <br> seeks to provide <br> shareholders with total <br> return that exceeds the <br> rate of inflation over the <br> long term.<br>| CTIVP<sup>®</sup> - BlackRock Global Inflation-Protected <br> Securities Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; BlackRock Financial* <br> *Management, Inc., subadviser; BlackRock* <br> *International Limited, sub-subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.87%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp; (1.20%) | &nbsp;&nbsp;&nbsp; (5.46%) | &nbsp;&nbsp;&nbsp; (0.78%) |
| Seeks to provide <br> shareholders with <br> current income and <br> capital appreciation.<br>| CTIVP<sup>®</sup> - CenterSquare Real Estate Fund <br> (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; CenterSquare Investment* <br> *Management LLC, subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.07% | &nbsp;&nbsp;&nbsp;&nbsp; 9.86% | &nbsp;&nbsp;&nbsp; (1.90%) | &nbsp;&nbsp;&nbsp;&nbsp; 4.79% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| CTIVP<sup>®</sup> - Principal Blue Chip Growth Fund <br> (Class 2) (on or about June 1, 2025 to be <br> known as CTIVP<sup>®</sup> - Principal Large Cap <br> Growth Fund (Class 2))<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Principal Global Investors, LLC,* <br> *subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp; 21.12% | &nbsp;&nbsp;&nbsp;&nbsp; 6.58% | &nbsp;&nbsp; 13.51% |
| Seeks to provide <br> shareholders with <br> long-term growth of <br> capital and income.<br>| CTIVP<sup>®</sup> - T. Rowe Price Large Cap Value Fund <br> (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; T. Rowe Price Associates, Inc.,* <br> *subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95% | &nbsp;&nbsp; 11.68% | &nbsp;&nbsp;&nbsp;&nbsp; 4.99% | &nbsp;&nbsp;&nbsp;&nbsp; 8.18% |
| Seeks to provide <br> shareholders with total <br> return through current <br> income and capital <br> appreciation.<br>| CTIVP<sup>®</sup> - TCW Core Plus Bond Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; TCW Investment Management* <br> *Company LLC, subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.74% | &nbsp;&nbsp;&nbsp;&nbsp; 0.51% | &nbsp;&nbsp;&nbsp; (3.13%) | &nbsp;&nbsp;&nbsp; (0.53%) |
| Seeks to provide <br> shareholders with <br> long-term growth of <br> capital.<br>| CTIVP<sup>®</sup> - Victory Sycamore Established Value <br> Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Victory Capital Management* <br> *Inc., subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.07% | &nbsp;&nbsp;&nbsp;&nbsp; 9.62% | &nbsp;&nbsp;&nbsp;&nbsp; 5.26% | &nbsp;&nbsp; 10.59% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| CTIVP<sup>®</sup> - Wellington Large Cap Value Fund <br> (Class 2) (previously CTIVP<sup>®</sup> - MFS<sup>®</sup> Value <br> Fund (Class 2))<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Wellington Management* <br> *Company LLP, subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.87%<sup>2</sup> <br>| &nbsp;&nbsp; 11.44% | &nbsp;&nbsp;&nbsp;&nbsp; 3.99% | &nbsp;&nbsp;&nbsp;&nbsp; 7.77% |

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92 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| CTIVP<sup>®</sup> - Westfield Mid Cap Growth Fund <br> (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Westfield Capital Management* <br> *Company, L.P., subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.07%<sup>2</sup> <br>| &nbsp;&nbsp; 17.19% | &nbsp;&nbsp;&nbsp;&nbsp; 2.87% | &nbsp;&nbsp; 10.02% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| CTIVP<sup>®</sup> - Westfield Select Large Cap Growth <br> Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Westfield Capital Management* <br> *Company, L.P., subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp; 27.15% | &nbsp;&nbsp;&nbsp; (0.79%) | &nbsp;&nbsp; 10.38% |
| Seeks capital <br> appreciation.<br>| DWS Alternative Asset Allocation VIP, <br> Class B<sup>3</sup> <br>*DWS Investment Management Americas* <br> *Inc., adviser; RREEF America L.L.C.,* <br> *subadvisor.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.26% | &nbsp;&nbsp;&nbsp;&nbsp; 5.30% | &nbsp;&nbsp;&nbsp;&nbsp; 3.97% | &nbsp;&nbsp;&nbsp;&nbsp; 2.83% |
| Seeks long-term capital <br> appreciation.<br>| Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup> Portfolio Service <br> Class 2<br> *Fidelity Management & Research Company* <br> *(the Adviser) is the fund's manager. Fidelity* <br> *Management & Research Company (UK)* <br> *Limited, Fidelity Management & Research* <br> *Company (Hong Kong) Limited, Fidelity* <br> *Management & Research Company (Japan)* <br> *Limited, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp; 33.45% | &nbsp;&nbsp; 16.74% | &nbsp;&nbsp; 13.33% |
| Seeks long-term growth <br> of capital.<br>| Fidelity<sup>®</sup> VIP Mid Cap Portfolio Service <br> Class 2<br> *Fidelity Management & Research Company* <br> *(the Adviser) is the fund's manager. Fidelity* <br> *Management & Research Company (UK)* <br> *Limited, Fidelity Management & Research* <br> *Company (Hong Kong) Limited, Fidelity* <br> *Management & Research Company (Japan)* <br> *Limited, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp; 17.18% | &nbsp;&nbsp; 11.06% | &nbsp;&nbsp;&nbsp;&nbsp; 8.94% |
| Seeks a high level of <br> current income and may <br> also seek capital <br> appreciation.<br>| Fidelity<sup>®</sup> VIP Strategic Income Portfolio <br> Service Class 2<br> *Fidelity Management & Research Company* <br> *(the Adviser) is the fund's manager. Fidelity* <br> *Management & Research Company (UK)* <br> *Limited, Fidelity Management & Research* <br> *Company (Hong Kong) Limited, Fidelity* <br> *Management & Research Company (Japan)* <br> *Limited, FIL Investment Advisers, FIL* <br> *Investment Advisers (UK) Limited and FIL* <br> *Investments (Japan) Limited, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 5.78% | &nbsp;&nbsp;&nbsp;&nbsp; 2.54% | &nbsp;&nbsp;&nbsp;&nbsp; 3.34% |
| Seeks to maximize <br> income while <br> maintaining prospects <br> for capital appreciation. <br> Under normal market <br> conditions, the fund <br> invests in a diversified <br> portfolio of equity and <br> debt securities.<br>| Franklin Income VIP Fund - Class 2<br> *Franklin Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.72%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.20% | &nbsp;&nbsp;&nbsp;&nbsp; 5.29% | &nbsp;&nbsp;&nbsp;&nbsp; 5.27% |

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 93

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks capital <br> appreciation, with <br> income as a secondary <br> goal. Under normal <br> market conditions, the <br> fund invests primarily in <br> U.S. and foreign equity <br> securities that the <br> investment manager <br> believes are <br> undervalued.<br>| Franklin Mutual Shares VIP Fund - Class 2<br> *Franklin Mutual Advisers, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp; 11.27% | &nbsp;&nbsp;&nbsp;&nbsp; 5.75% | &nbsp;&nbsp;&nbsp;&nbsp; 5.83% |
| Seeks long-term total <br> return. Under normal <br> market conditions, the <br> fund invests at least <br> 80% of its net assets in <br> investments of small <br> capitalization <br> companies.<br>| Franklin Small Cap Value VIP Fund - Class 2<br> *Franklin Mutual Advisers, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.90%<sup>2</sup> <br>| &nbsp;&nbsp; 11.71% | &nbsp;&nbsp;&nbsp;&nbsp; 8.36% | &nbsp;&nbsp;&nbsp;&nbsp; 8.17% |
| Seeks total return with a <br> low to moderate <br> correlation to traditional <br> financial market indices.<br>| Invesco V.I. Balanced-Risk Allocation Fund, <br> Series II Shares<sup>1</sup> <br>*Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.06%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.56% | &nbsp;&nbsp;&nbsp;&nbsp; 2.51% | &nbsp;&nbsp;&nbsp;&nbsp; 3.57% |
| Seeks capital <br> appreciation.<br>| Invesco V.I. Global Fund, Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.06% | &nbsp;&nbsp; 15.78% | &nbsp;&nbsp;&nbsp;&nbsp; 9.21% | &nbsp;&nbsp;&nbsp;&nbsp; 9.58% |
| Seeks total return | Invesco V.I. Global Strategic Income Fund, <br> Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.18%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.02% | &nbsp;&nbsp;&nbsp; (0.43%) | &nbsp;&nbsp;&nbsp;&nbsp; 1.28% |
| Seeks capital <br> appreciation.<br>| Invesco V.I. Main Street Small Cap Fund<sup>®</sup>, <br> Series II Shares<br> *Invesco Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.11% | &nbsp;&nbsp; 12.41% | &nbsp;&nbsp; 10.21% | &nbsp;&nbsp;&nbsp;&nbsp; 8.73% |
| Seeks long-term capital <br> growth, consistent with <br> preservation of capital <br> and balanced by current <br> income.<br>| Janus Henderson Balanced Portfolio: <br> Service Shares<br> *Janus Henderson Investors US LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 15.15% | &nbsp;&nbsp;&nbsp;&nbsp; 8.06% | &nbsp;&nbsp;&nbsp;&nbsp; 8.40% |
| Seeks to obtain <br> maximum total return, <br> consistent with <br> preservation of capital.<br>| Janus Henderson Flexible Bond Portfolio: <br> Service Shares<br> *Janus Henderson Investors US LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.82%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.63% | &nbsp;&nbsp;&nbsp;&nbsp; 0.09% | &nbsp;&nbsp;&nbsp;&nbsp; 1.35% |
| Non-diversified fund that <br> pursues its investment <br> objective by investing <br> primarily in common <br> stocks selected for their <br> growth potential.<br>| Janus Henderson Research Portfolio: <br> Service Shares<br> *Janus Henderson Investors US LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.92% | &nbsp;&nbsp; 34.96% | &nbsp;&nbsp; 16.49% | &nbsp;&nbsp; 14.25% |
| Seeks long-term capital <br> appreciation.<br>| Lazard Retirement Global Dynamic <br> Multi-Asset Portfolio - Service Shares<sup>1</sup> <br>*Lazard Asset Management, LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.05%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.60% | &nbsp;&nbsp;&nbsp;&nbsp; 2.33% | &nbsp;&nbsp;&nbsp;&nbsp; 4.35% |
| Seeks long-term capital <br> growth. Income is a <br> secondary objective.<br>| LVIP American Century Value Fund, Service <br> Class<br> *American Century Investment Management,* <br> *Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.86%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.29% | &nbsp;&nbsp;&nbsp;&nbsp; 8.41% | &nbsp;&nbsp;&nbsp;&nbsp; 8.01% |

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94 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to provide total <br> return.<br>| Macquarie VIP Asset Strategy Series - <br> Service Class<br> *Delaware Management Company, a series of* <br> *Macquarie Investment Management* <br> *Business Trust,adviser, Macquarie* <br> *Investment Management Austria* <br> *Kapitalanlage AG, Macquarie Investment* <br> *Management Europe Limited, Macquarie* <br> *Investment Management Global Limited,* <br> *sub-advisers*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.85%<sup>2</sup> <br>| &nbsp;&nbsp; 12.44% | &nbsp;&nbsp;&nbsp;&nbsp; 6.56% | &nbsp;&nbsp;&nbsp;&nbsp; 5.27% |
| Seeks total return. | MFS<sup>®</sup> Utilities Series - Service Class<br> *Massachusetts Financial Services Company*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.04%<sup>2</sup> <br>| &nbsp;&nbsp; 11.34% | &nbsp;&nbsp;&nbsp;&nbsp; 5.61% | &nbsp;&nbsp;&nbsp;&nbsp; 6.02% |
| The Fund seeks <br> long-term capital growth <br> by investing primarily in <br> common stocks and <br> other equity securities.<br>| Morgan Stanley VIF Discovery Portfolio, <br> Class II Shares<br> *Morgan Stanley Investment Management* <br> *Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.05%<sup>2</sup> <br>| &nbsp;&nbsp; 41.73% | &nbsp;&nbsp; 11.11% | &nbsp;&nbsp; 12.02% |
| Seeks long-term growth <br> of capital by investing <br> primarily in securities of <br> companies that meet <br> the Fund's <br> environmental, social <br> and governance (ESG) <br> criteria.<br>| Neuberger Berman AMT Sustainable Equity <br> Portfolio (Class S)<br> *Neuberger Berman Investment Advisers LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp; 25.52% | &nbsp;&nbsp; 13.68% | &nbsp;&nbsp; 11.18% |
| Seeks maximum real <br> return, consistent with <br> preservation of real <br> capital and prudent <br> investment <br> management.<br>| PIMCO VIT All Asset Portfolio, Advisor Class<sup>3</sup> <br>*Pacific Investment Management Company* <br> *LLC (PIMCO)*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.37%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.57% | &nbsp;&nbsp;&nbsp;&nbsp; 4.31% | &nbsp;&nbsp;&nbsp;&nbsp; 4.25% |
| Seeks total return which <br> exceeds that of a blend <br> of 60% MSCI World <br> Index/40% Barclays <br> U.S. Aggregate Index.<br>| PIMCO VIT Global Managed Asset Allocation <br> Portfolio, Advisor Class<sup>3</sup> <br>*Pacific Investment Management Company* <br> *LLC (PIMCO)*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.28%<sup>2</sup> <br>| &nbsp;&nbsp; 10.75% | &nbsp;&nbsp;&nbsp;&nbsp; 6.03% | &nbsp;&nbsp;&nbsp;&nbsp; 5.75% |
| Seeks maximum total <br> return, consistent with <br> preservation of capital <br> and prudent investment <br> management.<br>| PIMCO VIT Total Return Portfolio, Advisor <br> Class<br> *Pacific Investment Management Company* <br> *LLC (PIMCO)*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 2.43% | &nbsp;&nbsp;&nbsp; (0.13%) | &nbsp;&nbsp;&nbsp;&nbsp; 1.43% |
| Seeks high current <br> income, consistent with <br> preservation of capital, <br> with capital appreciation <br> as a secondary <br> consideration. Under <br> normal market <br> conditions, the fund <br> invests at least 80% of <br> its net assets in debt <br> securities of any <br> maturity.<br>| Templeton Global Bond VIP Fund - Class 2<br> *Franklin Advisers, Inc.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.75%<sup>2</sup> <br>| (11.37%) | &nbsp;&nbsp;&nbsp; (4.85%) | &nbsp;&nbsp;&nbsp; (2.03%) |

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 95

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks long-term capital <br> appreciation by <br> investing in common <br> stocks of gold-mining <br> companies. The Fund <br> may take current <br> income into <br> consideration when <br> choosing investments.<br>| VanEck VIP Global Gold Fund (Class S <br> Shares)<br> *Van Eck Associates Corporation*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.45%<sup>2</sup> <br>| &nbsp;&nbsp; 14.41% | &nbsp;&nbsp;&nbsp;&nbsp; 5.46% | &nbsp;&nbsp;&nbsp;&nbsp; 6.69% |
| Seeks to provide a high <br> level of total return that <br> is consistent with an <br> aggressive level of risk.<br>| Variable Portfolio - Aggressive Portfolio <br> (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.04% | &nbsp;&nbsp; 13.20% | &nbsp;&nbsp;&nbsp;&nbsp; 2.78% | &nbsp;&nbsp;&nbsp;&nbsp; 7.64% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> conservative level of <br> risk.<br>| Variable Portfolio - Conservative Portfolio <br> (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.87%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.42% | &nbsp;&nbsp;&nbsp; (1.47%) | &nbsp;&nbsp;&nbsp;&nbsp; 1.46% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Risk Fund <br> (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.02%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.41% | &nbsp;&nbsp;&nbsp;&nbsp; 0.49% | &nbsp;&nbsp;&nbsp;&nbsp; 3.90% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Risk U.S. Fund <br> (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.99% | &nbsp;&nbsp; 11.70% | &nbsp;&nbsp;&nbsp;&nbsp; 1.93% | &nbsp;&nbsp;&nbsp;&nbsp; 5.68% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Volatility <br> Conservative Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95% | &nbsp;&nbsp;&nbsp;&nbsp; 4.31% | &nbsp;&nbsp;&nbsp; (1.86%) | &nbsp;&nbsp;&nbsp;&nbsp; 0.96% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Volatility <br> Conservative Growth Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 6.80% | &nbsp;&nbsp;&nbsp; (0.87%) | &nbsp;&nbsp;&nbsp;&nbsp; 2.32% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Volatility Growth <br> Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01% | &nbsp;&nbsp; 11.98% | &nbsp;&nbsp;&nbsp;&nbsp; 1.11% | &nbsp;&nbsp;&nbsp;&nbsp; 5.18% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - Managed Volatility <br> Moderate Growth Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 9.41% | &nbsp;&nbsp;&nbsp;&nbsp; 0.18% | &nbsp;&nbsp;&nbsp;&nbsp; 3.82% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderate level of risk.<br>| Variable Portfolio - Moderate Portfolio <br> (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.97% | &nbsp;&nbsp;&nbsp;&nbsp; 8.72% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 4.73% |

---

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96 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderately aggressive <br> level of risk.<br>| Variable Portfolio - Moderately Aggressive <br> Portfolio (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01% | &nbsp;&nbsp; 11.00% | &nbsp;&nbsp;&nbsp;&nbsp; 1.68% | &nbsp;&nbsp;&nbsp;&nbsp; 6.13% |
| Seeks to provide a high <br> level of total return that <br> is consistent with a <br> moderately conservative <br> level of risk.<br>| Variable Portfolio - Moderately Conservative <br> Portfolio (Class 2)<sup>3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp;&nbsp;&nbsp; 6.41% | &nbsp;&nbsp;&nbsp; (0.45%) | &nbsp;&nbsp;&nbsp;&nbsp; 2.98% |
| Seeks to provide <br> shareholders with a high <br> level of current income <br> while conserving the <br> value of the investment <br> for the longest period of <br> time.<br>| Variable Portfolio - Partners Core Bond Fund <br> (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; J.P. Morgan Investment* <br> *Management Inc. and Allspring Global* <br> *Investments, LLC, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.73% | &nbsp;&nbsp;&nbsp;&nbsp; 2.01% | &nbsp;&nbsp;&nbsp; (2.22%) | &nbsp;&nbsp;&nbsp; (0.10%) |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Variable Portfolio - Partners Core Equity Fund <br> (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; J.P. Morgan Investment* <br> *Management Inc. and T. Rowe Price* <br> *Associates, Inc., subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.93% | &nbsp;&nbsp; 23.10% | &nbsp;&nbsp;&nbsp;&nbsp; 8.09% | &nbsp;&nbsp; 13.75% |
| Seeks to provide <br> shareholders with <br> long-term growth of <br> capital.<br>| Variable Portfolio - Partners International <br> Core Equity Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Schroder Investment* <br> *Management North America Inc.,* <br> *subadviser; Schroder Investment* <br> *Management North America Limited,* <br> *sub-subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.07% | &nbsp;&nbsp;&nbsp;&nbsp; 5.58% | &nbsp;&nbsp;&nbsp; (0.14%) | &nbsp;&nbsp;&nbsp;&nbsp; 4.57% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Variable Portfolio - Partners International <br> Growth Fund (Class 2)<br> *Columbia Management Investment Advisers* <br> *LLC, adviser; William Blair Investment* <br> *Management, LLC and Walter Scott &* <br> *Partners Limited, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.06%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp; (1.41%) | &nbsp;&nbsp;&nbsp; (6.20%) | &nbsp;&nbsp;&nbsp;&nbsp; 2.17% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Variable Portfolio - Partners International <br> Value Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Pzena Investment* <br> *Management, LLC and Thompson, Siegel &* <br> *Walmsley LLC, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.05%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.30% | &nbsp;&nbsp;&nbsp;&nbsp; 2.49% | &nbsp;&nbsp;&nbsp;&nbsp; 2.87% |
| Seeks to provide <br> shareholders with <br> long-term capital growth.<br>| Variable Portfolio - Partners Small Cap <br> Growth Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser;Goldman Sachs Asset* <br> *Management, LP and Segall Bryant & Hamill* <br> *LLC, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.10%<sup>2</sup> <br>| &nbsp;&nbsp; 18.70% | &nbsp;&nbsp;&nbsp; (3.47%) | &nbsp;&nbsp;&nbsp;&nbsp; 6.11% |

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 97

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) | **Average Annual Total Returns**<br> (as of 12/31/2024) |
| **Investment Objective** | **Fund and**<br> ***Adviser/Sub-Adviser*** | **Current** <br> **Expenses** <br> **Ratio**<br> **[NET]** | **1 Year** | **5 Year** | **10 Year** |
| Seeks to provide <br> shareholders with <br> long-term capital <br> appreciation.<br>| Variable Portfolio - Partners Small Cap Value <br> Fund (Class 2)<br> *Columbia Management Investment Advisers,* <br> *LLC, adviser; Segall Bryant & Hamill, LLC* <br> *and William Blair Investment Management,* <br> *LLC, subadvisers.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.09%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.70% | &nbsp;&nbsp;&nbsp;&nbsp; 1.28% | &nbsp;&nbsp;&nbsp;&nbsp; 5.98% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - U.S. Flexible Conservative <br> Growth Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.95% | &nbsp;&nbsp;&nbsp;&nbsp; 9.41% | &nbsp;&nbsp;&nbsp;&nbsp; 0.44% | &nbsp;&nbsp;&nbsp;&nbsp; 2.89% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - U.S. Flexible Growth Fund <br> (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp; 17.15% | &nbsp;&nbsp;&nbsp;&nbsp; 3.60% | &nbsp;&nbsp;&nbsp;&nbsp; 6.12% |
| Pursues total return <br> while seeking to <br> manage the Fund's <br> exposure to equity <br> market volatility.<br>| Variable Portfolio - U.S. Flexible Moderate <br> Growth Fund (Class 2)<sup>1,3</sup> <br>*Columbia Management Investment Advisers,* <br> *LLC*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.93% | &nbsp;&nbsp; 13.19% | &nbsp;&nbsp;&nbsp;&nbsp; 2.05% | &nbsp;&nbsp;&nbsp;&nbsp; 4.57% |
| Seeks to maximize total <br> return.<br>| Western Asset Variable Global High Yield <br> Bond Portfolio - Class II<br> *Franklin Templeton Fund Adviser, LLC,* <br> *adviser; Western Asset Management* <br> *Company, LLC, subadviser.*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.06% | &nbsp;&nbsp;&nbsp;&nbsp; 6.70% | &nbsp;&nbsp;&nbsp;&nbsp; 1.81% | &nbsp;&nbsp;&nbsp;&nbsp; 3.45% |

---

<sup>1</sup>

This Fund is managed in a way that is intended to minimize volatility of returns. See "Principal Risks of Investing in the Contract."

<sup>2</sup>

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.

<sup>3</sup>

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.

Funds Available Under the Optional Living 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)

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98 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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 Living 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.** 

---

| | | |
|:---|:---|:---|
| **Name** | **Term** | **Minimum** <br> **Guaranteed**<br> **Interest Rate**<br>|
| 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% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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.** <br>

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Term** | **Contract**<br> **Issue**<br> **Year**<br>| **Minimum**<br> **Guaranteed**<br> **Interest Rate**<br>|
| &nbsp;&nbsp; Regular Fixed Account<br> (not available for RAVA 5 Access) | 1 Year | 2010 | 1.25% |
| &nbsp;&nbsp; Regular Fixed Account<br> (not available for RAVA 5 Access) | 1 Year | 2011 | 1.00% |
| &nbsp;&nbsp; Regular Fixed Account<br> (not available for RAVA 5 Access) | 1 Year | 2012 | 1.00% |
| Special DCA Fixed Account | 6 Months | 2010 | 1.25% |
| Special DCA Fixed Account | 6 Months | 2011 | 1.00% |
| Special DCA Fixed Account | 6 Months | 2012 | 1.00% |
| Special DCA Fixed Account | 1 Year | 2010 | 1.25% |
| Special DCA Fixed Account | 1 Year | 2011 | 1.00% |
| Special DCA Fixed Account | 1 Year | 2012 | 1.00% |

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 99

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Appendix B: Example – Surrender Charges

We determine your surrender charge by multiplying the amount of each purchase payment surrendered which could be subject to a surrender charge by the applicable surrender charge percentage, and then totaling the surrender charges. We calculate the amount of purchase payments surrendered (PPS) as:

---

| | |
|:---|:---|
| PPS | PPSC + PPF |
| PPSC | purchase payments surrendered that could be subject to a surrender charge |
|  | (PS – FA) / (CV – FA) × (PP – PPF) |
| PPF | purchase payments surrendered that are not subject to a surrender charge |
|  | FA – contract earnings, but not less than zero |
| PP | purchase payments not previously surrendered (total purchase payments – PPS from all previous <br> surrenders)<br>|
| PS | amount the contract value is reduced by the surrender |
| FA | total free amount = greater of contract earnings or 10% of prior anniversary's contract value |
| CV | contract value prior to the surrender |

---

When determining the surrender charge, contract earnings are defined as the contract value, including any positive or negative MVA on amounts being surrendered, less purchase payments not previously surrendered. We determine current contract earnings by looking at the entire contract value, not the earnings of any particular subaccount, GPA, the regular fixed account, the Special DCA fixed account. If the contract value is less than purchase payments received and not previously surrendered, then contract earnings are zero.

The examples below show how the surrender charge for a full and partial surrender is calculated. Each example illustrates the amount of the surrender charge for both a contract that experiences gains and a contract that experiences losses, given the same set of assumptions.

**Full surrender charge calculation – ten-year surrender charge schedule:** 

This is an example of how we calculate the surrender charge on a contract with a ten-year (from the date of **<u>each</u>** purchase payment) surrender charge schedule and the following history:

**Assumptions:** 

• We receive a single $50,000 purchase payment;

• During the fourth contract year you surrender the contract for its total value. The surrender charge percentage in the fourth year after a purchase payment is 7.0%; and

• You have made no prior surrenders.

**We will look at two situations, one where the contract has a gain and another where there is a loss:** <br>

------

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| | | | |
|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|
|  | Contract value just prior to surrender: | $60000.00 | &nbsp;&nbsp; $40000.00 |
|  | Contract value on prior anniversary: | 58000.00 | &nbsp;&nbsp; 42000.00 |
| **We calculate the surrender charge as follows:** | **We calculate the surrender charge as follows:** | **We calculate the surrender charge as follows:** | **We calculate the surrender charge as follows:** |
| **Step 1.** | First, we determine the amount of earnings available in the contract at the time of <br> surrender as: |  |  |
|  | Contract value just prior to surrender (CV): | 60000.00 | &nbsp;&nbsp; 40000.00 |
|  | Less purchase payments received and not previously surrendered (PP): | 50.000.00 | 50.000.00 |
|  | Earnings in the contract (but not less than zero): | 10000.00 | 0.00 |
| **Step 2.** | Next, we determine the total free amount (FA) available in the contract as the <br> greatest of the following values: |  |  |
|  | Earnings in the contract: | 10000.00 | 0.00 |
|  | 10% of the prior anniversary's contract value: | 5800.00 | &nbsp;&nbsp; 4200.00 |
|  | FA (but not less than zero): | 10000.00 | &nbsp;&nbsp; 4200.00 |
| **Step 3.** | Next we determine PPF, the amount by which the total free amount (FA) exceeds <br> earnings. |  |  |
|  | Total free amount (FA): | 10000.00 | &nbsp;&nbsp; 4200.00 |
|  | Less earnings in the contract: | 10000.00 | 0.00 |
|  | PPF (but not less than zero): | 0.00 | &nbsp;&nbsp; 4200.00 |

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100 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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---

| | | | |
|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|
| **Step 4.** | Next we determine PS, the amount by which the contract value is reduced by the <br> surrender. |  |  |
|  | PS: | 60000.00 | &nbsp;&nbsp; 40000.00 |
| **Step 5.** | Now we can determine how much of the PP is being surrendered (PPS) as follows: |  |  |
|  | **= PPF + PPSC** |  |  |
|  | **= PPF + (PS - FA) / (CV - FA) \* (PP - PPF)** |  |  |
|  | PPF from Step 3 = | 0.00 | &nbsp;&nbsp; 4200.00 |
|  | PS from Step 4 = | 60000.00 | &nbsp;&nbsp; 40000.00 |
|  | CV from Step 1 = | 60000.00 | &nbsp;&nbsp; 40000.00 |
|  | FA from Step 2 = | 10000.00 | &nbsp;&nbsp; 4200.00 |
|  | PP from Step 1 = | 50000.00 | &nbsp;&nbsp; 50000.00 |
|  | PPS = | 50000.00 | &nbsp;&nbsp; 50000.00 |
| **Step 6.** | We then calculate the surrender charge as a percentage of PPS. Note that for a <br> contract with a loss, PPS may be greater than the amount you request to <br> surrender: |  |  |
|  | PPS: | 50000.00 | &nbsp;&nbsp; 50000.00 |
|  | less PPF: | 0.00 | &nbsp;&nbsp; 4200.00 |
|  | PPSC = amount of PPS subject to a surrender charge: | 50000.00 | &nbsp;&nbsp; 45800.00 |
|  | multiplied by the surrender charge rate: | ×7.0% | &nbsp;&nbsp; ×7.0% |
|  | surrender charge: | 3500.00 | &nbsp;&nbsp; 3206.00 |
| **Step 7.** | The dollar amount you will receive as a result of your full surrender is determined <br> as: |  |  |
|  | Contract value surrendered: | 60000.00 | &nbsp;&nbsp; 40000.00 |
|  | **Surrender charge:** | **(3500.00)**<br>| &nbsp;&nbsp; **(3206.00)**<br>|
|  | Contract charge (assessed upon full surrender): | (50.00)<br>| &nbsp;&nbsp; (50.00)<br>|
|  | **Net full surrender proceeds:** | **$56450.00** | &nbsp;&nbsp; **$36734.00** |

---

**Partial surrender charge calculation – ten-year surrender charge schedule:** 

This is an example of how we calculate the surrender charge on a contract with a ten-year (from the date of each purchase payment) surrender charge schedule and the following history:

**Assumptions:** 

• We receive a single $50,000 purchase payment;

• During the fourth contract year you request a net partial surrender of $15,000.00. The surrender charge percentage in the fourth year after a purchase payment is 7.0%; and

• You have made no prior surrenders.

**We will look at two situations, one where the contract has a gain and another where there is a loss:** <br>

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|
| Contract value just prior to surrender: | Contract value just prior to surrender: | $60000.00 | &nbsp;&nbsp; $40000.00 |
| Contract value on prior anniversary: | Contract value on prior anniversary: | 58000.00 | &nbsp;&nbsp; 42000.00 |
| We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to <br> match the amount requested. We start with an estimate of the amount of contract value to surrender and calculate the <br> resulting surrender charge and net partial surrender proceeds as illustrated below. We then adjust our estimate and <br> repeat until we determine the amount of contract value to surrender that generates the desired net partial surrender <br> proceeds. | We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to <br> match the amount requested. We start with an estimate of the amount of contract value to surrender and calculate the <br> resulting surrender charge and net partial surrender proceeds as illustrated below. We then adjust our estimate and <br> repeat until we determine the amount of contract value to surrender that generates the desired net partial surrender <br> proceeds. | We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to <br> match the amount requested. We start with an estimate of the amount of contract value to surrender and calculate the <br> resulting surrender charge and net partial surrender proceeds as illustrated below. We then adjust our estimate and <br> repeat until we determine the amount of contract value to surrender that generates the desired net partial surrender <br> proceeds. | We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to <br> match the amount requested. We start with an estimate of the amount of contract value to surrender and calculate the <br> resulting surrender charge and net partial surrender proceeds as illustrated below. We then adjust our estimate and <br> repeat until we determine the amount of contract value to surrender that generates the desired net partial surrender <br> proceeds. |
| **We calculate the surrender charge for each estimate as follows:** | **We calculate the surrender charge for each estimate as follows:** | **We calculate the surrender charge for each estimate as follows:** | **We calculate the surrender charge for each estimate as follows:** |
| **Step 1.** | First, we determine the amount of earnings available in the contract at the time of <br> surrender as: |  |  |
|  | Contract value just prior to surrender (CV): | 60000.00 | &nbsp;&nbsp; 40000.00 |
|  | Less purchase payments received and not previously surrendered (PP): | 50000.00 | &nbsp;&nbsp; 50000.00 |
|  | Earnings in the contract (but not less than zero): | 10000.00 | 0.00 |

---

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 101

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---

| | | | |
|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|
| **Step 2.** | Next, we determine the total free amount (FA) available in the contract as the <br> greatest of the following values: |  |  |
|  | Earnings in the contract: | 10000.00 | 0.00 |
|  | 10% of the prior anniversary's contract value: | 5800.00 | &nbsp;&nbsp; 4200.00 |
|  | FA (but not less than zero): | 10000.00 | &nbsp;&nbsp; 4200.00 |
| **Step 3.** | Next we determine PPF, the amount by which the total free amount (FA) exceeds <br> earnings |  |  |
|  | Total free amount (FA): | 10000.00 | &nbsp;&nbsp; 4200.00 |
|  | Less earnings in the contract: | 10000.00 | 0.00 |
|  | PPF (but not less than zero): | 0.00 | &nbsp;&nbsp; 4200.00 |
| **Step 4.** | Next we determine PS, the amount by which the contract value is reduced by the <br> surrender |  |  |
|  | PS (determined by iterative process described above): | 15376.34 | &nbsp;&nbsp; 16062.31 |
| **Step 5.** | Now we can determine how much of the PP is being surrendered (PPS) as follows: |  |  |
|  | **= PPF + PPSC** |  |  |
|  | **= PPF + (PS - FA) / (CV - FA) \* (PP - PPF)** |  |  |
|  | PPF from Step 3 = | 0.00 | &nbsp;&nbsp; 4200.00 |
|  | PS from Step 4 = | 15376.34 | &nbsp;&nbsp; 16062.31 |
|  | CV from Step 1 = | 60000.00 | &nbsp;&nbsp; 40000.00 |
|  | FA from Step 2 = | 10000.00 | &nbsp;&nbsp; 4200.00 |
|  | PP from Step 1 = | 50000.00 | &nbsp;&nbsp; 50000.00 |
|  | PPS = | 5376.34 | &nbsp;&nbsp; 19375.80 |
| **Step 6.** | We then calculate the surrender charge as a percentage of PPS. Note that for a <br> contract with a loss, PPS may be greater than the amount you request to <br> surrender: |  |  |
|  | PPS: | 5376.34 | &nbsp;&nbsp; 19375.80 |
|  | less PPF: | 0.00 | &nbsp;&nbsp; 4200.00 |
|  | PPSC = amount of PPS subject to a surrender charge: | 5376.34 | &nbsp;&nbsp; 15175.80 |
|  | multiplied by the surrender charge rate: | ×7.0% | &nbsp;&nbsp; ×7.0% |
|  | surrender charge: | 376.34 | &nbsp;&nbsp; 1062.31 |
| **Step 7.** | The dollar amount you will receive as a result of your partial surrender is <br> determined as: |  |  |
|  | Contract value surrendered: | 15376.34 | &nbsp;&nbsp; 16062.31 |
|  | **Surrender charge:** | **(376.34)**<br>| &nbsp;&nbsp; **(1062.31)**<br>|
|  | **Net partial surrender proceeds:** | **$15000.00** | &nbsp;&nbsp; **$15000.00** |

---

**Full surrender charge calculation – four-year surrender charge schedule:** 

This is an example of how we calculate the surrender charge on a contract with a four-year (from the contract issue date) surrender charge schedule and the following history:

**Assumptions:** 

• We receive a single $50,000 purchase payment;

• During the fourth contract year you surrender the contract for its total value. The surrender charge percentage in the fourth contract year is 4.0%; and

• You have made no prior surrenders.

**We will look at two situations, one where the contract has a gain and another where there is a loss:** <br>

------

---

| | | |
|:---|:---|:---|
|  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|
| Contract value just prior to surrender: | $60000.00 | &nbsp;&nbsp; $40000.00 |
| Contract value on prior anniversary: | 58000.00 | &nbsp;&nbsp; 42000.00 |
| **We calculate the surrender charge as follows:** | **We calculate the surrender charge as follows:** | **We calculate the surrender charge as follows:** |

---

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102 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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---

| | | | |
|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|
| **Step 1.** | First, we determine the amount of earnings available in the contract at the time of <br> surrender as: |  |  |
|  | Contract value just prior to surrender (CV): | 60000.00 | &nbsp;&nbsp; 40000.00 |
|  | Less purchase payments received and not previously surrendered (PP): | 50.000.00 | 50.000.00 |
|  | Earnings in the contract (but not less than zero): | 10000.00 | 0.00 |
| **Step 2.** | Next, we determine the total free amount (FA) available in the contract as the <br> greatest of the following values: |  |  |
|  | Earnings in the contract: | 10000.00 | 0.00 |
|  | 10% of the prior anniversary's contract value: | 5800.00 | &nbsp;&nbsp; 4200.00 |
|  | FA (but not less than zero): | 10000.00 | &nbsp;&nbsp; 4200.00 |
| **Step 3.** | Next we determine PPF, the amount by which the total free amount (FA) exceeds <br> earnings. |  |  |
|  | Total free amount (FA): | 10000.00 | &nbsp;&nbsp; 4200.00 |
|  | Less earnings in the contract: | 10000.00 | 0.00 |
|  | PPF (but not less than zero): | 0.00 | &nbsp;&nbsp; 4200.00 |
| **Step 4.** | Next we determine PS, the amount by which the contract value is reduced by the <br> surrender. |  |  |
|  | PS: | 60000.00 | &nbsp;&nbsp; 40000.00 |
| **Step 5.** | Now we can determine how much of the PP is being surrendered (PPS) as follows: |  |  |
|  | **= PPF + PPSC** |  |  |
|  | **= PPF + (PS - FA) / (CV - FA) \* (PP - PPF)** |  |  |
|  | PPF from Step 3 = | 0.00 | &nbsp;&nbsp; 4200.00 |
|  | PS from Step 4 = | 60000.00 | &nbsp;&nbsp; 40000.00 |
|  | CV from Step 1 = | 60000.00 | &nbsp;&nbsp; 40000.00 |
|  | FA from Step 2 = | 10000.00 | &nbsp;&nbsp; 4200.00 |
|  | PP from Step 1 = | 50000.00 | &nbsp;&nbsp; 50000.00 |
|  | PPS = | 50000.00 | &nbsp;&nbsp; 50000.00 |
| **Step 6.** | We then calculate the surrender charge as a percentage of PPS. Note that for a <br> contract with a loss, PPS may be greater than the amount you request to <br> surrender: |  |  |
|  | PPS: | 50000.00 | &nbsp;&nbsp; 50000.00 |
|  | less PPF: | 0.00 | &nbsp;&nbsp; 4200.00 |
|  | PPSC = amount of PPS subject to a surrender charge: | 50000.00 | &nbsp;&nbsp; 45800.00 |
|  | multiplied by the surrender charge rate: | ×4.0% | &nbsp;&nbsp; ×4.0% |
|  | surrender charge: | 2000.00 | &nbsp;&nbsp; 1832.00 |
| **Step 7.** | The dollar amount you will receive as a result of your full surrender is determined <br> as: |  |  |
|  | Contract value surrendered: | 60000.00 | &nbsp;&nbsp; 40000.00 |
|  | **Surrender charge:** | **(2000.00)**<br>| &nbsp;&nbsp; **(1832.00)**<br>|
|  | Contract charge (assessed upon full surrender): | (50.00)<br>| &nbsp;&nbsp; (50.00)<br>|
|  | **Net full surrender proceeds:** | **$57950.00** | &nbsp;&nbsp; **$38118.00** |

---

**Partial surrender charge calculation – four-year surrender charge schedule:** 

This is an example of how we calculate the surrender charge on a contract with a four-year (from the contract issue date) surrender charge schedule and the following history:

**Assumptions:** 

• We receive a single $50,000 purchase payment;

• During the fourth contract year you request a net partial surrender of $15,000.00. The surrender charge percentage in the fourth contract year is 4.0%; and

• You have made no prior surrenders.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 103

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**We will look at two situations, one where the contract has a gain and another where there is a loss:** <br>

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Contract**<br> **with Gain**<br>| **Contract**<br> **with Loss**<br>|
| Contract value just prior to surrender: | Contract value just prior to surrender: | $60000.00 | &nbsp;&nbsp; $40000.00 |
| Contract value on prior anniversary: | Contract value on prior anniversary: | 58000.00 | &nbsp;&nbsp; 42000.00 |
| We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to <br> match the amount requested. We start with an estimate of the amount of contract value to surrender and calculate the <br> resulting surrender charge and net partial surrender proceeds as illustrated below. We then adjust our estimate and <br> repeat until we determine the amount of contract value to surrender that generates the desired net partial surrender <br> proceeds. | We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to <br> match the amount requested. We start with an estimate of the amount of contract value to surrender and calculate the <br> resulting surrender charge and net partial surrender proceeds as illustrated below. We then adjust our estimate and <br> repeat until we determine the amount of contract value to surrender that generates the desired net partial surrender <br> proceeds. | We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to <br> match the amount requested. We start with an estimate of the amount of contract value to surrender and calculate the <br> resulting surrender charge and net partial surrender proceeds as illustrated below. We then adjust our estimate and <br> repeat until we determine the amount of contract value to surrender that generates the desired net partial surrender <br> proceeds. | We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to <br> match the amount requested. We start with an estimate of the amount of contract value to surrender and calculate the <br> resulting surrender charge and net partial surrender proceeds as illustrated below. We then adjust our estimate and <br> repeat until we determine the amount of contract value to surrender that generates the desired net partial surrender <br> proceeds. |
| **We calculate the surrender charge for each estimate as follows:** | **We calculate the surrender charge for each estimate as follows:** | **We calculate the surrender charge for each estimate as follows:** | **We calculate the surrender charge for each estimate as follows:** |
| **Step 1.** | First, we determine the amount of earnings available in the contract at the time of <br> surrender as: |  |  |
|  | Contract value just prior to surrender (CV): | 60000.00 | &nbsp;&nbsp; 40000.00 |
|  | Less purchase payments received and not previously surrendered (PP): | 50000.00 | &nbsp;&nbsp; 50000.00 |
|  | Earnings in the contract (but not less than zero): | 10000.00 | 0.00 |
| **Step 2.** | Next, we determine the total free amount (FA) available in the contract as the <br> greatest of the following values: |  |  |
|  | Earnings in the contract: | 10000.00 | 0.00 |
|  | 10% of the prior anniversary's contract value: | 5800.00 | &nbsp;&nbsp; 4200.00 |
|  | FA (but not less than zero): | 10000.00 | &nbsp;&nbsp; 4200.00 |
| **Step 3.** | Next we determine PPF, the amount by which the total free amount (FA) exceeds <br> earnings |  |  |
|  | Total free amount (FA): | 10000.00 | &nbsp;&nbsp; 4200.00 |
|  | Less earnings in the contract: | 10000.00 | 0.00 |
|  | PPF (but not less than zero): | 0.00 | &nbsp;&nbsp; 4200.00 |
| **Step 4.** | Next we determine PS, the amount by which the contract value is reduced by the <br> surrender |  |  |
|  | PS (determined by iterative process described above): | 15208.33 | &nbsp;&nbsp; 15582.48 |
| **Step 5.** | Now we can determine how much of the PP is being surrendered (PPS) as follows: |  |  |
|  | **= PPF + PPSC** |  |  |
|  | **= PPF + (PS - FA) / (CV - FA) \* (PP - PPF)** |  |  |
|  | PPF from Step 3 = | 0.00 | &nbsp;&nbsp; 4200.00 |
|  | PS from Step 4 = | 15208.33 | &nbsp;&nbsp; 15582.48 |
|  | CV from Step 1 = | 60000.00 | &nbsp;&nbsp; 40000.00 |
|  | FA from Step 2 = | 10000.00 | &nbsp;&nbsp; 4200.00 |
|  | PP from Step 1 = | 50000.00 | &nbsp;&nbsp; 50000.00 |
|  | PPS = | 5208.33 | &nbsp;&nbsp; 18761.94 |
| **Step 6.** | We then calculate the surrender charge as a percentage of PPS. Note that for a <br> contract with a loss, PPS may be greater than the amount you request to <br> surrender: |  |  |
|  | PPS: | 5208.33 | &nbsp;&nbsp; 18761.94 |
|  | less PPF: | 0.00 | &nbsp;&nbsp; 4200.00 |
|  | PPSC = amount of PPS subject to a surrender charge: | 5208.33 | &nbsp;&nbsp; 14561.94 |
|  | multiplied by the surrender charge rate: | ×4.0% | &nbsp;&nbsp; ×4.0% |
|  | surrender charge: | 208.33 | 582.48 |
| **Step 7.** | The dollar amount you will receive as a result of your partial surrender is <br> determined as: |  |  |
|  | Contract value surrendered: | 15208.33 | &nbsp;&nbsp; 15582.48 |
|  | **Surrender charge:** | **(208.33)**<br>| &nbsp;&nbsp; **(582.48)**<br>|
|  | **Net partial surrender proceeds:** | **$15000.00** | &nbsp;&nbsp; **$15000.00** |

---

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104 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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Appendix C: Example – Optional Death Benefits

**The purpose of this appendix is to illustrate the operation of various optional death benefit riders.** 

**In order to demonstrate these contract riders, an example may show hypothetical contract values. These contract values do not represent past or future performance. Actual contract values may be more or less than those shown and will depend on a number of factors, including but not limited to the investment experience of the subaccounts, GPAs, Special DCA fixed account, regular fixed account and the fees and charges that apply to your contract.** 

**The examples of the optional death benefits in appendix include partial surrenders to illustrate the effect of partial surrenders on the particular benefit. These examples are intended to show how the optional death benefits operate, and do not take into account whether a particular optional death benefit is part of a qualified annuity. Qualified annuities are subject to RMDs at certain ages (see "Taxes – Qualified Annuities – Required Minimum Distributions") which may require you to take partial surrenders from the contract. If you are considering the addition of certain death benefits to a qualified annuity, you should consult your tax advisor prior to making a purchase for an explanation of the potential tax implication to you.** 

**Example – ROPP Death Benefit** 

**Assumptions:** 

• You purchase the contract with a payment of $20,000; and

• on the first contract anniversary you make an additional purchase payment of $5,000; and

• During the second contract year the contract value falls to $22,000 and you take a $1,500 (including surrender charge) partial surrender; and

• During the third contract year the contract value grows to $23,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **We calculate the ROPP Death Benefit as follows:** | **We calculate the ROPP Death Benefit as follows:** |  |
| Contract value at death: | Contract value at death: | $23000.00 |
| Purchase payments minus adjusted partial surrenders: | Purchase payments minus adjusted partial surrenders: |  |
| Total purchase payments: | Total purchase payments: | $25000.00 |
| minus adjusted partial surrenders, calculated as: | minus adjusted partial surrenders, calculated as: |  |
| $1,500 × $25,000 | = | –1704.54 |
| $22000 | = |  |
| for a death benefit of: | for a death benefit of: | $23295.45 |
| **The ROPP Death Benefit, calculated as the greatest of these two values:** | **The ROPP Death Benefit, calculated as the greatest of these two values:** | $23295.45 |

---

**Example – MAV Death Benefit** 

**Assumptions:** 

• You purchase the contract with a payment of $25,000.

• On the first contract anniversary the contract value grows to $26,000.

• During the second contract year the contract value falls to $22,000, at which point you take a $1,500 partial surrender (including surrender charge), leaving a contract value of $20,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **We calculate the MAV death benefit, which is based on the greater of three values,**<br> **as follows:** | &nbsp;&nbsp;&nbsp;&nbsp; **We calculate the MAV death benefit, which is based on the greater of three values,**<br> **as follows:** | &nbsp;&nbsp;&nbsp;&nbsp; **We calculate the MAV death benefit, which is based on the greater of three values,**<br> **as follows:** |  |
| **1.** | **Contract value at death:** | **Contract value at death:** | $20500.00 |
| **2.** | **Purchase payments minus adjusted partial surrenders:** | **Purchase payments minus adjusted partial surrenders:** |  |
|  | Total purchase payments: | Total purchase payments: | $25000.00 |
|  | minus adjusted partial surrenders, calculated as: | minus adjusted partial surrenders, calculated as: |  |
|  | $1,500 × $25,000 | = | –1704.55 |
|  | $22000 | = |  |
|  | for a death benefit of: | for a death benefit of: | $23295.45 |
| **3.** | **The MAV immediately preceding the date of death:** | **The MAV immediately preceding the date of death:** |  |
|  | Greatest of your contract anniversary values: | Greatest of your contract anniversary values: | $26000.00 |
|  | plus purchase payments made since the prior anniversary: | plus purchase payments made since the prior anniversary: | +0.00 |
|  | minus adjusted partial surrenders, calculated as: | minus adjusted partial surrenders, calculated as: |  |

---

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 105

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---

| | | |
|:---|:---|:---|
| $1,500 × $26,000 | = | –1772.73 |
| $22000 | = |  |
| for a death benefit of: | for a death benefit of: | $24227.27 |
| &nbsp;&nbsp;&nbsp;&nbsp; **The MAV Death Benefit, calculated as the greatest of these three values,**<br> **which is the MAV:** | &nbsp;&nbsp;&nbsp;&nbsp; **The MAV Death Benefit, calculated as the greatest of these three values,**<br> **which is the MAV:** | $24227.27 |

---

**Example – 5-Year MAV Death Benefit** 

**Assumptions:** 

• You purchase the contract with a payment of $25,000.

• On the fifth contract anniversary the contract value grows to $26,000.

• During the sixth contract year the contract value falls to $22,000, at which point you take a $1,500 partial surrender (including surrender charge), leaving a contract value at $20,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **We calculate the 5-Year MAV death benefit, which is based on the greater of three values,**<br> **as follows:** | &nbsp;&nbsp;&nbsp;&nbsp; **We calculate the 5-Year MAV death benefit, which is based on the greater of three values,**<br> **as follows:** | &nbsp;&nbsp;&nbsp;&nbsp; **We calculate the 5-Year MAV death benefit, which is based on the greater of three values,**<br> **as follows:** |  |
| **1.** | **Contract value at death:** | **Contract value at death:** | $20500.00 |
| **2.** | **Purchase payments minus adjusted partial surrenders:** | **Purchase payments minus adjusted partial surrenders:** |  |
|  | Total purchase payments: | Total purchase payments: | $25000.00 |
|  | minus adjusted partial surrenders, calculated as: | minus adjusted partial surrenders, calculated as: |  |
|  | $1,500 × $25,000 | = | –1704.55 |
|  | $22000 | = |  |
|  | for a death benefit of: | for a death benefit of: | $23295.45 |
| **3.** | **The 5-Year MAV immediately preceding the date of death:** | **The 5-Year MAV immediately preceding the date of death:** |  |
|  | Greatest of your contract anniversary values: | Greatest of your contract anniversary values: | $26000.00 |
|  | plus purchase payments made since the prior anniversary: | plus purchase payments made since the prior anniversary: | +0.00 |
|  | minus adjusted partial surrenders, calculated as: | minus adjusted partial surrenders, calculated as: |  |
|  | $1,500 × $26,000 | = | –1772.73 |
|  | $22000 | = |  |
|  | for a death benefit of: | for a death benefit of: | $24227.27 |
| &nbsp;&nbsp;&nbsp;&nbsp; **The 5-Year MAV Death Benefit, calculated as the greatest of these three values,**<br> **which is the 5-Year MAV:** | &nbsp;&nbsp;&nbsp;&nbsp; **The 5-Year MAV Death Benefit, calculated as the greatest of these three values,**<br> **which is the 5-Year MAV:** | &nbsp;&nbsp;&nbsp;&nbsp; **The 5-Year MAV Death Benefit, calculated as the greatest of these three values,**<br> **which is the 5-Year MAV:** | $24227.27 |

---

**Example — Enhanced Death Benefit** 

**Assumptions:** 

• You purchase the contract with a payment of $25,000 with $5,000 allocated to the regular fixed account and $20,000 allocated to the subaccounts; and

• on the first contract anniversary the regular fixed account value is $5,200 and the subaccount value is $17,000. Total contract value is $23,200; and

• During the second contract year the regular fixed account value is $5,300 and the subaccount value is $19,000. Total contract value is $24,300. You take a $1,500 (including surrender charge) partial surrender all from the subaccounts, leaving the contract value at $22,800.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **The death benefit, which is based on the greatest of four values, is calculated as follows:** | **The death benefit, which is based on the greatest of four values, is calculated as follows:** | **The death benefit, which is based on the greatest of four values, is calculated as follows:** |  |
| **1.** | **Contract value at death:** | **Contract value at death:** | $22800.00 |
| **2.** | **Purchase payments minus adjusted partial surrenders:** | **Purchase payments minus adjusted partial surrenders:** |  |
|  | Total purchase payments: | Total purchase payments: | $25000.00 |
|  | minus adjusted partial surrenders, calculated as: | minus adjusted partial surrenders, calculated as: |  |
|  | $1,500 × $25,000 | = | –1543.21 |
|  | $24300 | = |  |
|  | for a death benefit of: | for a death benefit of: | $23456.79 |
| **3.** | **The MAV on the anniversary immediately preceding the date of death:** | **The MAV on the anniversary immediately preceding the date of death:** |  |
|  | The MAV on the immediately preceding anniversary: | The MAV on the immediately preceding anniversary: | $25000.00 |
|  | plus purchase payments made since that anniversary: | plus purchase payments made since that anniversary: | +0.00 |
|  | minus adjusted partial surrenders made since that anniversary, calculated as: | minus adjusted partial surrenders made since that anniversary, calculated as: |  |

---

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106 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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| | | | |
|:---|:---|:---|:---|
|  | $1,500 × $25,000 | = | –1543.21 |
|  | $24300 | = |  |
|  | for a MAV Death Benefit of: | for a MAV Death Benefit of: | $23456.79 |
| **4.** | **The 5% accumulation death benefit floor:** | **The 5% accumulation death benefit floor:** |  |
|  | The variable account floor on the first contract anniversary calculated as: 1.05 × $20,000 = | The variable account floor on the first contract anniversary calculated as: 1.05 × $20,000 = | $21000.00 |
|  | plus amounts allocated to the subaccounts since that anniversary: | plus amounts allocated to the subaccounts since that anniversary: | +0.00 |
|  | minus the 5% accumulation death benefit floor adjusted partial surrender from the subaccounts, <br> calculated as: | minus the 5% accumulation death benefit floor adjusted partial surrender from the subaccounts, <br> calculated as: |  |
|  | $1,500 × $21,000 | = | –1657.89 |
|  | $19000 | = |  |
|  | variable account floor benefit: | variable account floor benefit: | $19342.11 |
|  | plus the regular fixed account value: | plus the regular fixed account value: | +5,300.00 |
|  | 5% accumulation death benefit floor (value of the regular fixed account and the variable account <br> floor): | 5% accumulation death benefit floor (value of the regular fixed account and the variable account <br> floor): | $24642.11 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Enhanced Death Benefit, calculated as the greatest of these four values, which is the 5%** <br> **accumulation death benefit floor:** | &nbsp;&nbsp;&nbsp;&nbsp; **Enhanced Death Benefit, calculated as the greatest of these four values, which is the 5%** <br> **accumulation death benefit floor:** | &nbsp;&nbsp;&nbsp;&nbsp; **Enhanced Death Benefit, calculated as the greatest of these four values, which is the 5%** <br> **accumulation death benefit floor:** | $24642.11 |

---

**Example — 5% Accumulation Death Benefit** 

**Assumptions:** 

• You purchase the contract with a payment of $25,000 with $5,000 allocated to the regular fixed account and $20,000 allocated to the subaccounts; and

• on the first contract anniversary the regular fixed account value is $5,200 and the subaccount value is $17,000. Total contract value is $23,200; and

• During the second contract year the regular fixed account value is $5,300 and the subaccount value is $19,000. Total contract value is $24,300. You take a $1,500 (including surrender charge) partial surrender all from the subaccounts, leaving the contract value at $22,800.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **The death benefit, which is based on the greatest of three values, is calculated as follows:** | **The death benefit, which is based on the greatest of three values, is calculated as follows:** | **The death benefit, which is based on the greatest of three values, is calculated as follows:** |  |
| **1.** | **Contract value at death:** | **Contract value at death:** | $22800.00 |
| **2.** | **Purchase payments minus adjusted partial surrenders:** | **Purchase payments minus adjusted partial surrenders:** |  |
|  | Total purchase payments: | Total purchase payments: | $25000.00 |
|  | minus adjusted partial surrenders, calculated as: | minus adjusted partial surrenders, calculated as: |  |
|  | $1,500 × $25,000 | = | –1543.21 |
|  | $24300 | = |  |
|  | for a death benefit of: | for a death benefit of: | $23456.79 |
| **3.** | **The 5% accumulation death benefit floor:** | **The 5% accumulation death benefit floor:** |  |
|  | The variable account floor on the first contract anniversary, calculated as: 1.05 × $20,000 = | The variable account floor on the first contract anniversary, calculated as: 1.05 × $20,000 = | $21000.00 |
|  | plus amounts allocated to the subaccounts since that anniversary: | plus amounts allocated to the subaccounts since that anniversary: | +0.00 |
|  | minus the 5% accumulation death benefit floor adjusted partial surrender from the subaccounts, <br> calculated as: | minus the 5% accumulation death benefit floor adjusted partial surrender from the subaccounts, <br> calculated as: |  |
|  | $1,500 × $21,000 | = | –1657.89 |
|  | $19000 | = |  |
|  | variable account floor benefit: | variable account floor benefit: | $19342.11 |
|  | plus the regular fixed account value: | plus the regular fixed account value: | +5,300.00 |
|  | 5% accumulation death benefit floor (value of the regular fixed account and the variable account <br> floor): | 5% accumulation death benefit floor (value of the regular fixed account and the variable account <br> floor): | $24642.11 |
| &nbsp;&nbsp;&nbsp;&nbsp; **The 5% Accumulation Death Benefit, calculated as the greatest of these three values, which is the** <br> **5% accumulation death benefit floor:** | &nbsp;&nbsp;&nbsp;&nbsp; **The 5% Accumulation Death Benefit, calculated as the greatest of these three values, which is the** <br> **5% accumulation death benefit floor:** | &nbsp;&nbsp;&nbsp;&nbsp; **The 5% Accumulation Death Benefit, calculated as the greatest of these three values, which is the** <br> **5% accumulation death benefit floor:** | $24642.11 |

---

**EXAMPLE — BENEFIT PROTECTOR** 

**Assumptions:** 

• You purchase the contract with a payment of $100,000 and you are under age 70. You select the seven-year surrender charge schedule, the MAV and the Benefit Protector.

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 107

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• During the first contract year the contract value grows to $105,000. The death benefit equals the standard death benefit, which is the contract value, or $105,000. You have not reached the first contract anniversary so the Benefit Protector does not provide any additional benefit at this time.

• On the first contract anniversary the contract value grows to $110,000. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $110000 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the Benefit Protector which equals 40% of earnings at death (MAV death benefit amount minus <br> remaining purchase payments):<br>|  |
| 0.40 × ($110,000 – $100,000) = | +4,000 |
| Total death benefit of: | $114000 |

---

• On the second contract anniversary the contract value falls to $105,000. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (maximum anniversary value): | $110000 |
| plus the Benefit Protector (40% of earnings at death): |  |
| 0.40 × ($110,000 – $100,000) = | +4,000 |
| Total death benefit of: | $114000 |

---

• During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value. Altogether, we will surrender $50,000 and pay you $47,235. We calculate remaining purchase payments as $100,000 – $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): | MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): | MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |  |
| $110000 – | ($50,000 X $110,000) | = | $57619 |
| $110000 – | $105000 | = | $57619 |
| plus the Benefit Protector (40% of earnings at death): | plus the Benefit Protector (40% of earnings at death): | plus the Benefit Protector (40% of earnings at death): |  |
| 0.40 × ($57,619 – $55,000) = | 0.40 × ($57,619 – $55,000) = | 0.40 × ($57,619 – $55,000) = | +1,048 |
| Total death benefit of: | Total death benefit of: | Total death benefit of: | $58667 |

---

• On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $58,667. The reduction in contract value has no effect.

• On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of remaining purchase payments that are one or more years old. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $200000 |
| plus the Benefit Protector (40% of earnings at death) |  |
| 0.40 × 2.50 × ($55000) = | +55,000 |
| Total death benefit of: | $255000 |

---

• During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,500. The new purchase payment is less than one year old and so it has no effect on the EEB. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $250000 |
| plus the Benefit Protector (40% of earnings at death) |  |
| 0.40 × 2.50 × ($55000) = | +55,000 |
| Total death benefit of: | $305000 |

---

• During the eleventh contract year the contract value remains $250,500 and the "new" purchase payment is now one year old. The value of the Benefit Protector changes. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $250500 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the Benefit Protector which equals 40% of earnings at death (the standard death benefit amount <br> minus remaining purchase payments):<br>|  |
| 0.40 × ($250,500 – $105,000) = | +58,200 |
| Total death benefit of: | $308700 |

---

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108 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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**Example — Benefit Protector Plus** 

**Assumptions:** 

• You purchase the contract with an exchange purchase payment of $100,000 and you are under age 70. You select the seven-year surrender charge schedule, the MAV and the Benefit Protector Plus.

• During the first contract year the contract value grows to $105,000. The death benefit on equals the standard death benefit amount, which is the contract value, or $104,000. You have not reached the first contract anniversary so neither the Benefit Protector Plus Part I nor Part II provides any additional benefit at this time.

• On the first contract anniversary the contract value grows to $110,000. You have not reached the second contract anniversary so the Benefit Protector Plus Part II does not provide any additional benefit at this time. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $110000 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the Benefit Protector Plus Part I which equals 40% of earnings at death (the MAV death benefit <br> amount minus remaining purchase payments):<br>|  |
| 0.40 × ($110,000 – $100,000) = | +4,000 |
| Total death benefit of: | $114000 |

---

• On the second contract anniversary the contract value falls to $105,000. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (maximum anniversary value): | $110000 |
| plus the Benefit Protector Plus Part I (40% of earnings at death): |  |
| 0.40 × ($110,000 – $100,000) = | +4,000 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the Benefit Protector Plus Part II which in the third contract year equals 10% of exchange purchase <br> payments identified at issue and not previously surrendered:<br>|  |
| 0.10 × $100,000 = | +10,000 |
| Total death benefit of: | $124000 |

---

• During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value.

Altogether, we will surrender $50,000 and pay you $47,235. We calculate remaining purchase payments as $100,000 – $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals:

---

| | | | |
|:---|:---|:---|:---|
| MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): | MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): | MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |  |
| $110000 – | ($50,000 × $110,000) | = | $57619 |
| $110000 – | $105000 | = |  |
| plus the Benefit Protector Plus Part I (40% of earnings at death): | plus the Benefit Protector Plus Part I (40% of earnings at death): | plus the Benefit Protector Plus Part I (40% of earnings at death): |  |
| 0.40 × ($57,619 – $55,000) = | 0.40 × ($57,619 – $55,000) = | 0.40 × ($57,619 – $55,000) = | +1,048 |
| plus the Benefit Protector Plus Part II which in the third contract year | plus the Benefit Protector Plus Part II which in the third contract year | plus the Benefit Protector Plus Part II which in the third contract year |  |
| equals 10% of exchange purchase payments identified at issue and not previously surrendered: | equals 10% of exchange purchase payments identified at issue and not previously surrendered: | equals 10% of exchange purchase payments identified at issue and not previously surrendered: |  |
| 0.10 × $55,000 = | 0.10 × $55,000 = | 0.10 × $55,000 = | +5,500 |
| Total death benefit of: | Total death benefit of: | Total death benefit of: | $64167 |

---

• On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $64,167. The reduction in contract value has no effect.

• On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of remaining purchase payments that are one or more years old. Because we are beyond the fourth contract anniversary the Benefit Protector Plus also reaches its maximum of 20%. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $200000 |
| plus the Benefit Protector Plus Part I (40% of earnings at death) |  |
| .40 × (2.50 × $55,000) = | +55,000 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the Benefit Protector Plus Part II which after the fourth contract year equals 20% of exchange <br> purchase payments identified at issue and not previously surrendered:<br>|  |
| 0.20 × $55,000 = | +11,000 |

---

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 109

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---

| | |
|:---|:---|
| Total death benefit of: | $266000 |

---

• During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,500. The new purchase payment is less than one year old and so it has no effect on either the Benefit Protector Plus Part I or Benefit Protector Plus Part II. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $250000 |
| plus the Benefit Protector Plus Part I (40% of earnings at death) |  |
| .40 × (2.50 × $55,000) = | +55,000 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the Benefit Protector Plus Part II, which after the fourth contract year equals 20% of exchange <br> purchase payments identified at issue and not previously surrendered:<br>|  |
| 0.20 × $55,000 = | +11,000 |
| Total death benefit of: | $316000 |

---

• During the eleventh contract year the contract value remains $250,500 and the "new" purchase payment is now one year old. The value of the Benefit Protector Plus Part I changes but the value of the Benefit Protector Plus Part II remains constant. The death benefit equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| MAV death benefit amount (contract value): | $250500 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the Benefit Protector Plus Part I which equals 40% of earnings at death (the MAV death benefit <br> minus remaining purchase payments):<br>|  |
| 0.40 × ($250,500 – $105,000) = | +58,200 |
| &nbsp;&nbsp;&nbsp;&nbsp; plus the Benefit Protector Plus Part II, which after the fourth contract year equals 20% of exchange <br> purchase payments identified at issue and not previously surrendered:<br>|  |
| 0.20 × $55,000 = | +11,000 |
| Total death benefit of: | $319700 |

---

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110 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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Appendix D: Example – Optional Living Benefits

**The purpose of this appendix is to illustrate the operation of various optional living benefit riders.** 

**In order to demonstrate these contract riders, an example may show hypothetical contract values. These contract values do not represent past or future performance. Actual contract values may be more or less than those shown and will depend on a number of factors, including but not limited to the investment experience of the subaccounts, Special DCA fixed account, regular fixed account and the fees and charges that apply to your contract.** 

**These examples are intended to show how the optional riders operate, and do not take into account whether a particular optional rider is part of a qualified annuity. Qualified annuities are subject to RMDs at certain ages (see "Taxes – Qualified Annuities – Required Minimum Distributions") which may require you to take partial surrenders from the contract. If you are considering the addition of certain optional riders to a qualified annuity, you should consult your tax advisor prior to making a purchase for an explanation of the potential tax implication to you.**

**Example – Accumulation Protector Benefit** 

The following example shows how the Accumulation Protector Benefit rider works based on hypothetical values. It is not intended to depict investment performance of the contract.

**The example assumes:** 

• You purchase the contract (with the Accumulation Protector Benefit rider) with a payment of $100,000.

• You make no additional purchase payments.

• You do not exercise the elective step-up option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **End of**<br> **Contract Year**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Partial Surrender**<br> **(beginning of year)**<br>| &nbsp;&nbsp;&nbsp; **MCAV Adjustment**<br> **for Partial Surrender**<br>| **MCAV** | &nbsp;&nbsp;&nbsp; **Accumulation**<br> **Benefit Amount**<br>| &nbsp;&nbsp;&nbsp; **Hypothetical Assumed**<br> **Contract Value**<br>|
| 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 110000 |
| 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 115200 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 128000 |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 121500 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 135000 |
| 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 121500 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 118000 |
| 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 121500 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 |
| 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2430 | &nbsp;&nbsp;&nbsp;&nbsp; 119070 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 122000 |
| 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 126000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 140000 |
| 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 126000 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 130000 |
| 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 4846 | &nbsp;&nbsp;&nbsp;&nbsp; 121154 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 110000 |
| 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 121154 | &nbsp;&nbsp;&nbsp;&nbsp; 16154 | &nbsp;&nbsp;&nbsp;&nbsp; 105000 |

---

**Example — *SecureSource Stages 2* Riders** 

**Assumptions:** 

• You purchase the contract with a payment of $100,000 and make no additional payments to the contract.

• You are the sole owner and also the annuitant. You (and your spouse for the joint benefit) are age 61.

• Annual Step-ups are applied each anniversary when available, where the contract value is greater than the PBG and/or the BB. Applied annual step-ups are indicated in **bold**.

• You elect the Moderate fund of funds at issue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract**<br> **Duration**<br> **in Years**<br>| **Purchase**<br> **Payments**<br>| **Partial**<br> **Withdrawals**<br>| **Hypothetical**<br> **Assumed**<br> **Contract Value**<br>| **BB** | **WAB** | **Benefit**<br> **Determining**<br> **Percentage**<br>| **PBG** | **ALP** | **RALP** | **Lifetime**<br> **Payment**<br> **Percent**<br>|
| At Issue | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; NA | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $4000 | &nbsp;&nbsp;&nbsp; $4000 <br><sup>(1)</sup><br>| &nbsp;&nbsp;&nbsp; 4% |
| 1 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 98000 | &nbsp;&nbsp; 108000 | &nbsp;&nbsp; 108000 | &nbsp;&nbsp; 9.3% | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 5400 | &nbsp;&nbsp;&nbsp; 5400 <br><sup>(2)</sup><br>| &nbsp;&nbsp;&nbsp; 5% |
| 2 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 114000 | &nbsp;&nbsp; 114000 | &nbsp;&nbsp; 7.9% | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 5700 | &nbsp;&nbsp;&nbsp; 5700 | &nbsp;&nbsp;&nbsp; 5% |
| 3 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 118000 | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 1.7% | &nbsp;&nbsp; 118000 | &nbsp;&nbsp; 6000 | &nbsp;&nbsp;&nbsp; 6000 | &nbsp;&nbsp;&nbsp; 5% |
| 3.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 6000 | &nbsp;&nbsp; 112000 | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 113898 | &nbsp;&nbsp; 1.7% | &nbsp;&nbsp; 112000 | &nbsp;&nbsp; 6000 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 5% |
| 4 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; **115000** | &nbsp;&nbsp; 6000 | &nbsp;&nbsp;&nbsp; 6000 | &nbsp;&nbsp;&nbsp; 5% |
| 5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; **130000** | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 0.0% | &nbsp;&nbsp; **130000** | &nbsp;&nbsp; 7800 <br><sup>(3)</sup><br>| &nbsp;&nbsp;&nbsp; 7800 <br><sup>(3)</sup><br>| &nbsp;&nbsp;&nbsp; 6% <br><sup>(3)</sup><br>|
| 6 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 15.4% | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 7800 | &nbsp;&nbsp;&nbsp; 7800 | &nbsp;&nbsp;&nbsp; 6% |
| 7 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 23.1% | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 6500 <br><sup>(4)</sup><br>| &nbsp;&nbsp;&nbsp; 6500 <br><sup>(4)</sup><br>| &nbsp;&nbsp;&nbsp; 5% <br><sup>(4)</sup><br>|
| 7.5 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 125134 <br><sup>(5)</sup><br>| &nbsp;&nbsp; 117000 | &nbsp;&nbsp; 23.1% | &nbsp;&nbsp; 118877 <br><sup>(5)</sup><br>| &nbsp;&nbsp; 6257 <br><sup>(5)</sup><br>| &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 5% |

---

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 111

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---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract**<br> **Duration**<br> **in Years**<br>| **Purchase**<br> **Payments**<br>| **Partial**<br> **Withdrawals**<br>| **Hypothetical**<br> **Assumed**<br> **Contract Value**<br>| **BB** | **WAB** | **Benefit**<br> **Determining**<br> **Percentage**<br>| **PBG** | **ALP** | **RALP** | **Lifetime**<br> **Payment**<br> **Percent**<br>|
| 8 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 125134 | &nbsp;&nbsp; 117000 | &nbsp;&nbsp; 31.6% | &nbsp;&nbsp; 118877 | &nbsp;&nbsp; 6257 | &nbsp;&nbsp;&nbsp; 6257 | &nbsp;&nbsp;&nbsp; 5% |
| 9 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 125134 | &nbsp;&nbsp; 117000 | &nbsp;&nbsp; 18.8% | &nbsp;&nbsp; 118877 | &nbsp;&nbsp; 7508 <br><sup>(4)</sup><br>| &nbsp;&nbsp;&nbsp; 7508 <br><sup>(4)</sup><br>| &nbsp;&nbsp;&nbsp; 6% <br><sup>(4)</sup><br>|

---

<sup>(1)</sup>

The ALP and RALP are based on percentage B until the end of the 1-year waiting period.

<sup>(2)</sup>

Since no withdrawal was taken, at the end of the 1-year waiting period, the ALP and RALP are recalculated based on percentage A.

<sup>(3)</sup>

Because the annual step-up increased the BB on the anniversary and the covered person's (for the joint benefit, younger covered spouse's) attained age is in a higher age band, the Lifetime Payment Percentage increased.

<sup>(4)</sup>

The Lifetime Payment Percentage is based on percentage A when the BDP is less than 20% and percentage B when the BDP is greater than or equal to 20%.

<sup>(5)</sup>

The $10,000 withdrawal is greater than the $6,500 RALP allowed under the rider and therefore excess withdrawal processing is applied. The BB and PBG are reset as described in "Lifetime Benefit Description — Determination of Adjustment of Benefit Values".

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112 RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus

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Appendix E: Additional Required Minimum Distribution (RMD) Disclosure

This appendix describes our current administrative practice for determining the amount of withdrawals in any contract year which an owner may take under the *SecureSource Stages* 2 rider to satisfy the RMD rules under 401(a)(9) of the Code without application of the excess withdrawal processing described in the rider. We reserve the right to modify this administrative practice at any time upon 30 days' written notice to you.

For contract holders subject to annual RMD rules under the Section 401(a)(9) of the Code, amounts you withdraw from this contract to satisfy these rules are not subject to excess withdrawal processing under the terms of the rider, subject to the following rules and our current administrative practice:

(1) Each calendar year, if your Annual Life Expectancy Required Minimum Distribution Amount (ALERMDA) is greater than the ALP.

&nbsp;&nbsp;&nbsp;&nbsp;• A Lifetime Additional Benefit Amount (LABA) will be set equal to that portion of your ALERMDA that exceeds the value of ALP.

&nbsp;&nbsp;&nbsp;&nbsp;• The LABA will be reduced by the total of the amount that each withdrawal in the current calendar year exceeds the RALP at the time of each withdrawal, but shall not be reduced to less than zero.

&nbsp;&nbsp;&nbsp;&nbsp;• Any withdrawals taken in a contract year will count first against and reduce the RALP for that contract year.

&nbsp;&nbsp;&nbsp;&nbsp;• Once the RALP for the current contract year has been depleted, any additional amounts withdrawn will count against and reduce the LABA. These withdrawals will not be considered excess withdrawals with regard to the ALP as long as they do not exceed the remaining LABA.

&nbsp;&nbsp;&nbsp;&nbsp;• Once the LABA has been depleted, any additional withdrawal amounts will be considered excess withdrawals with regard to the ALP and will subject the ALP to the excess withdrawal processing described by the *SecureSource Stages* 2 rider.

The ALERMDA is:

(1) determined by us each calendar year;

(2) based on your initial purchase payment and not the entire interest value in the calendar year of contract issue and therefore may not be sufficient to allow you to withdraw your RMD without causing an excess withdrawal;

(3) based on the value of this contract alone on the date it is determined;

(4) based on recalculated life expectancy taken from the Uniform Lifetime Table under the Code; and

(5) based on the company's understanding and interpretation of the requirements for life expectancy distributions intended to satisfy the required minimum distribution rules under Code Section 401(a)(9) and the Treasury Regulations promulgated thereunder as applicable on the effective date of this prospectus, to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. IRAs under Section 408(b) of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Roth IRAs under Section 408A of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code.

In the future, the requirements under tax law for such distributions may change and the life expectancy amount calculation provided under your *SecureSource Stages* 2 rider may not be sufficient to satisfy the requirements under the tax law for these types of distributions. In such a situation, amounts withdrawn to satisfy such distribution requirements will exceed your available RALP amount and may result in the reduction of your ALP as described under the excess withdrawal provision of the rider.

In cases where the Code does not allow the life expectancy of a natural person to be used to calculate the required minimum distribution amount (e.g. some ownerships by trusts and charities), we will calculate the life expectancy RMD amount as zero in all years.

Please consult your tax advisor about the impact of these rules prior to purchasing the *SecureSource Stages* 2 rider. .

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RiverSource RAVA 5 Advantage / RAVA 5 Select / RAVA 5 Access Variable Annuity — Prospectus 113

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The Statement of Additional Information (SAI) includes additional information about the Contract. The SAI, dated the same date as this prospectus, is incorporated by reference into this prospectus. The SAI is available, without charge, upon request. For a free copy of the 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 Annuity Logo)](g784290img46b6423a1.jpg)

RiverSource Life Insurance Company <br>70100 Ameriprise Financial Center <br>Minneapolis, MN 55474 <br>1-800-862-7919

PRO9015_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: publicinfo@sec.gov.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

EDGAR Contract Identifier: C000090547; C000090548; C000090549; <br>C000266996; C000266997; C000266998© 2008-2024 RiverSource Life Insurance Company. All rights reserved.

------

## STATEMENT OF ADDITIONAL INFORMATION

## FOR
**RIVERSOURCE<sup>®</sup> RETIREMENT ADVISOR VARIABLE ANNUITY** 

**RIVERSOURCE<sup>®</sup> RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY** 

**RIVERSOURCE<sup>®</sup> RETIREMENT ADVISOR SELECT VARIABLE ANNUITY** 

**RIVERSOURCE<sup>®</sup> RETIREMENT ADVISOR ADVANTAGE PLUS VARIABLE ANNUITY** 

**RIVERSOURCE<sup>®</sup> RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY** 

**RIVERSOURCE<sup>®</sup> RETIREMENT ADVISOR 4 ADVANTAGE<sup>®</sup> VARIABLE ANNUITY** 

**RIVERSOURCE<sup>®</sup> RETIREMENT ADVISOR 4 SELECT<sup>®</sup> VARIABLE ANNUITY** 

**RIVERSOURCE<sup>®</sup> RETIREMENT ADVISOR 4 ACCESS<sup>®</sup> VARIABLE ANNUITY** 

**RIVERSOURCE<sup>®</sup> *RAVA 5 ADVANTAGE*<sup>®</sup> VARIABLE ANNUITY** 

(Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013)

**RIVERSOURCE<sup>®</sup> *RAVA 5 SELECT*<sup>®</sup> VARIABLE ANNUITY** 

(Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013)

**RIVERSOURCE<sup>®</sup> *RAVA 5 ACCESS*<sup>®</sup> VARIABLE ANNUITY** 

(Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013)

**RIVERSOURCE<sup>®</sup> *RAVA 5 ADVANTAGE*<sup>®</sup> VARIABLE ANNUITY** 

(Offered for contract applications signed prior to April 30, 2012)

**RIVERSOURCE<sup>®</sup> *RAVA 5 SELECT*<sup>®</sup> VARIABLE ANNUITY** 

(Offered for contract applications signed prior to April 30, 2012)

**RIVERSOURCE<sup>®</sup> *RAVA 5 ACCESS*<sup>®</sup> VARIABLE ANNUITY** 

(Offered for contract applications signed prior to April 30, 2012)

**RIVERSOURCE<sup>®</sup> *RAVA 5 ADVANTAGE*<sup>®</sup> VARIABLE ANNUITY** 

(Offered for contract applications signed on or after April 29, 2013)

**RIVERSOURCE<sup>®</sup> *RAVA 5 SELECT*<sup>®</sup> VARIABLE ANNUITY** 

(Offered for contract applications signed on or after April 29, 2013)

**RIVERSOURCE<sup>®</sup> *RAVA 5 ACCESS*<sup>®</sup> VARIABLE ANNUITY** 

(Offered for contract applications signed on or after April 29, 2013)

**RIVERSOURCE<sup>®</sup> *RAVA 5 ADVANTAGE*<sup>®</sup> VARIABLE ANNUITY** 

(Offered for contract applications signed on or after April 29, 2019)

**RIVERSOURCE<sup>®</sup> *RAVA 5 CHOICE*SM VARIABLE ANNUITY** 

**RIVERSOURCE<sup>®</sup> RAVA 5 ACCESS<sup>®</sup> VARIABLE ANNUITY** 

(Offered for contract applications signed on or after June 22, 2020)

**RIVERSOURCE<sup>®</sup> *RAVA Apex* VARIABLE ANNUITY** 

**RIVERSOURCE<sup>®</sup> *RAVA Vista* VARIABLE ANNUITY** 

**RIVERSOURCE<sup>®</sup> FLEXIBLE PORTFOLIO ANNUITY** 

**RIVERSOURCE<sup>®</sup> RETIREMENT GROUP ANNUITY CONTRACT I** 

**RIVERSOURCE<sup>®</sup> RETIREMENT GROUP ANNUITY CONTRACT II** 

## RIVERSOURCE VARIABLE ACCOUNT 10

## September 22, 2025
RiverSource Variable Account 10 is a separate account of RiverSource Life Insurance Company (RiverSource Life).

This Statement of Additional Information (SAI) is not a prospectus. It should be read together with the prospectus dated the same date as this SAI, which may be obtained from your sales representative, or by writing or calling us at the address and telephone number below.

This SAI contains financial information for all the subaccounts of RiverSource Variable Account 10. Not all subaccounts of RiverSource Variable Account 10 apply to your specific contract.

RiverSource Life Insurance Company

70100 Ameriprise Financial Center

Minneapolis, MN 55474

1-800-862-7919

SAI9010_12_D02_(09/25)

------

---

| | | |
|:---|:---|:---|
|  [Company](#sai34593_1) | p. | 3 |
|  [Non-Principal Risks of Investing in the Contracts](#sai34593_2) | p. | 3 |
|  [Services](#sai34593_3) | p. | 3 |
|  [Contract Adjustment](#sai34593_4) | p. | 4 |
|  [Calculating Annuity Payouts](#sai34593_5) | p. | 8 |
|  [Rating Agencies](#sai34593_6) | p. | 9 |
|  [Principal Underwriter](#sai34593_7) | p. | 9 |
|  [Independent Registered Public Accounting Firm](#sai34593_8) | p. | 9 |
|  [Custodian](#sai34593_9) | p. | 9 |
|  [Financial Statements](#sai34593_10) | p. | 11 |

---

---

| | |
|:---|:---|
| **2** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

We are RiverSource Life Insurance Company (the "Company", "we", "our" and "us"). We are a stock life insurance company organized in 1957 under the laws of the state of Minnesota and are located at 829 Ameriprise Financial Center, Minneapolis, MN 55474. We are a wholly-owned subsidiary of Ameriprise Financial, Inc. We conduct a conventional life insurance business. We are licensed to do business in 49 states, the District of Columbia and American Samoa. Our primary products currently include fixed and variable annuity contracts (including indexed linked annuity contracts) and life insurance policies.

## Non-Principal Risks of Investing in the Contracts
**Fund of Funds Risk.** Funds that are "funds of funds" (or "feeder funds") invest substantially all of their assets in other funds and will therefore bear a pro-rata share of fees and expenses incurred by both funds. This will reduce your investment return.

**Money Market Fund Sub-Account Delay of Payment Risk.** If, pursuant to SEC rules, a Fund that is a money market fund suspends payment of redemption proceeds in connection with a liquidation of such Fund, we will delay payment of any transfer, partial withdrawal, full surrender, or death benefit from the corresponding Subaccount until the Fund is liquidated.

**Mixed and Shared Funding Risk.** Fund shares may be sold to our insurance company affiliates or other unaffiliated insurance companies to serve as an underlying investment for variable annuity contracts and variable life insurance policies, pursuant to a practice known as mixed and shared funding. As a result, there is a possibility that a material conflict may arise between the interests of Owners, and other Owners investing in these Funds. If a material conflict arises, we will consider what action may be appropriate, including removing the Fund from the Variable Account or replacing the Fund with another underlying Fund.

**BUSINESS CONTINUITY/DISASTER RECOVERY** 

Disruptive events, including natural or man-made disasters and public health crises may adversely affect our ability to conduct business, including if our employees, the employees of intermediaries or service providers are unable to perform their responsibilities as a result of any such event. Such disruptions to our business operations could interfere with processing of transactions (including the issuance of contracts). Also, disruptions may interfere with our ability to receive, pick up and process mail and messages, impact our ability to calculate values, or cause other operational or system issues. Furthermore, these disruptions may persist even if our employees, the employees of intermediaries or service providers are able to work remotely. These events may also impact the issuers of securities in which the Funds invest, which may cause the Funds to lose value. There can be no assurance that RiverSource Life, the Funds, or our service providers will avoid losses affecting your policy due to a disaster or other catastrophe.

## Services
Our Service Center performs certain administrative services on the contracts and policies we issue. The address and telephone number of our Service Center are listed on the first page of the prospectus.

We also have entered into agreements with the following entities to provide the identified services in connection with the contracts and policies we issue. The entities engaged by RiverSource Life may change over time. We may modify, terminate, or enter into new arrangements with service providers at any time.

Entities that provide a significant amount of services to RiverSource Life are listed in the table below, along with a description of the services provided and the basis for compensation paid.

---

| | | | |
|:---|:---|:---|:---|
| **Name of Service Provider** | **Services Provided** | **Principal Business Address** | **Basis for Compensation Paid** |
| Ameriprise Financial, Inc. ("AFI")\* | Business affairs management and administrative support related to new business and servicing of existing contracts and policies | 901 Third Ave South Minneapolis, MN 55402 USA | Expense allocation based primarily on policies in force, secondarily on policies issued or cash sales (for acquisition expenses) |
| Ameriprise India LLP ("Amp India")\* | Administrative support related to new business and servicing of existing contracts and policies | Plot No. 14, Sector 18 Udyog Vihar<br> Gurugram, Haryana – 122 015 India | Expense allocation based on number of service provider employees dedicated to performing services |
| Foundever Asia, Inc. ("Foundever Asia") (previously known as Sykes Enterprises Incorporated) | Administrative support related to new business and servicing of existing contracts and policies | 10th Floor, Glorietta BPO 1 Office Tower Makati City 1224 Metro Manila Philippines | Expense allocation based on number of contacts made or received from customers |

---

\* Affiliated Entities

The aggregate dollar amount paid to AFI by RiverSource Life for the services provided in 2024 was $17,461,314, in 2023 was $20,661,758 and in 2022 was $20,635,581.

The aggregate dollar amount paid to Amp India by RiverSource Life for the services provided 2024 was $5,050,412, in 2023 was $4,115,930 and in 2022 was $3,629,759.

The aggregate dollar amount paid to Foundever Asia by RiverSource Life for the services provided in 2024 was $1,510,481, in 2023 was $1,334,367 and in 2022 was $1,497,395.

**RIVERSOURCE VARIABLE ACCOUNT 10** ∎<sub>3</sub>

------

## Contract Adjustment

## Market Value Adjustment (MVA)
**As the examples below demonstrate, the application of an MVA may result in either a gain or a loss of principal. We refer to all of the transactions described below as "early surrenders." The examples may show hypothetical contract values. These contract values do not represent past or future performance. Actual contract values may be more or less than those shown and will depend on a number of factors, including but not limited to the investment experience of the subaccounts, GPAs, Special DCA fixed account, regular fixed account and the fees and charges that apply to your contract.** 

**Assumptions:** 

**•** **You purchase a contract and allocate part of your purchase payment to the ten-year GPA; and** 

**•** **we guarantee an interest rate of 3.0% annually for your ten-year Guarantee Period; and** 

**•** **after three years, you decide to make a surrender from your GPA. In other words, there are seven years left in your guarantee period.** 

**Remember that the MVA depends partly on the interest rate of a new GPA for the same number of years as the Guarantee Period remaining on your GPA. In this case, that is seven years.** 

**Example 1: Remember that your GPA is earning 3.0%. Assume at the time of your surrender new GPAs that we offer with a seven-year Guarantee Period are earning 3.5%. We add 0.10% to the 3.5% rate to get 3.6%. Your GPA's 3.0% rate is less than the 3.6% rate so the MVA will be negative.** 

**Example 2: Remember again that your GPA is earning 3.0%, and assume that new GPAs that we offer with a seven-year Guarantee Period are earning 2.5%. We add 0.10% to the 2.5% rate to get 2.6%. In this example, since your GPA's 3.0% rate is greater than the 2.6% rate, the MVA will be positive. To determine that adjustment precisely, you will have to use the formula described below.** 

**Sample MVA Calculations** 

**The precise MVA formula we apply is as follows:** 

**[tbl:cal1,6,,0]**![LOGO](g34593nnnndsp4.jpg)

**[tbl:cal3,6,,0]** 

---

| | | |
|:---|:---|:---|
| **Where i** | **=** | **rate earned in the GPA from which amounts are being transferred or surrendered.** |
| **j** | **=** | **current rate for a new Guaranteed Period equal to the remaining term in the current Guarantee Period (rounded up to the next year).** |
| **n** | **=** | **number of months remaining in the current Guarantee Period (rounded up to the next month).** |

---

**Keep in mind that the current interest rate we offer on the GPA will change periodically at our discretion. It is the rate we are then paying on purchase payments, renewals and transfers paid under this class of contracts for guarantee period durations equaling the remaining guarantee period of the GPA to which the formula is being applied.** 

**Examples — MVA** 

**Using assumptions similar to those we used in the examples above:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **You purchase a contract and allocate part of your purchase payment to the ten-year GPA; and** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **we guarantee an interest rate of 3.0% annually for your ten-year Guarantee Period; and** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **after three years, you decide to make a $1,000 surrender from your GPA. In other words, there are seven years left in your guarantee period.** 

---

| | |
|:---|:---|
| **4** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Example 1: You request an early surrender of $1,000 from your ten-year GPA earning a guaranteed interest rate of 3.0%. Assume at the time of your surrender new GPAs that we offer with a seven-year Guarantee Period are earning 3.5%. Using the formula above, we determine the MVA as follows:** 

**[tbl:cal1,6,,0]**![LOGO](g34593nnnndsp5.jpg)

**In this example, the MVA is a negative $39.84.** 

**Assume that immediately before the $1,000 surrender, the value of your GPA was $10,000. If you requested to receive a net surrender amount, the GPA value is reduced by the $1,000 you requested, the $39.84 negative MVA, and any applicable surrender charge. The percentage change in the value of your GPA due to the negative MVA is –0.40%.** 

**In this example, assuming no surrender charge applies, you receive the $1,000 you requested and the value remaining in your GPA is $8,960.16.** 

**Example 2: You request an early surrender of $1,000 from your ten-year GPA earning a guaranteed interest rate of 3.0%. Assume at the time of your surrender new GPAs that we offer with a seven-year Guarantee Period are earning 2.5%. Using the formula above, we determine the MVA as follows:** 

**[tbl:cal1,6,,0]**![LOGO](g34593nnnndsp5a.jpg)

**In this example, the MVA is a positive $27.61** 

**Assume that immediately before the $1,000 surrender, the value of your GPA was $10,000. If you requested to receive a net surrender amount, the GPA value is reduced by the $1,000 you requested and any applicable surrender charge *but increased* by the $27.61 positive MVA. The percentage change in the value of your GPA due to the positive MVA is 0.28%.** 

**In this example, assuming no surrender charge applies, you receive the $1,000 you requested and the value remaining in your GPA is $9,027.61.** 

**Please note that, depending on the surrender charge schedule applicable to any purchase payments you allocate to a GPA, a surrender charge may also apply. We do not apply MVAs to the amounts we deduct for surrender charges, so we would deduct any applicable surrender charge from your early surrender after we applied the MVA. Also note that when you request an early surrender, we surrender an amount from your GPA that will give you the net amount you requested after we apply the MVA and any applicable surrender charge, unless you request otherwise.** 

**The examples below demonstrate the impact an MVA may have on the death benefits available under the contract. Under certain death benefits, the value of the death benefit is reduced proportionally when you take a partial surrender. If you request a partial surrender from the GPAs that will give you the net amount you requested after we apply any applicable MVA and surrender charge, the MVA could increase or decrease the percentage of contract value that is withdrawn. In these circumstances, a negative MVA would increase the impact of an adjusted partial withdrawal (which is based on the percentage of contract value that is withdrawn) on the value of the death benefit.** 

**Example 1. Death benefit calculation that includes the full surrender value** 

**Assumptions:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Contract Value = $99,000** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Surrender Charge = $2,000** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Market Value Adjustment = $5,000** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **No rider charges** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Return of Purchase Payment Death Benefit = $100,000** 

**RIVERSOURCE VARIABLE ACCOUNT 10** ∎<sub>5</sub>

------

**Full surrender Value = Contract Value – Surrender Charge + Market Value Adjustment = $99,000 – $2,000 + $5,000 = $102,000** 

**Death Benefit = Greater of Contract Value, Return of Purchase Payment Death Benefit, and full surrender value = $102,000** 

**Example 2. - Proportional adjustment to the death benefit due to a partial surrender:** 

**Assumptions:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Contract Value (before the partial surrender) = $50,000** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Return of Purchase Payment Death Benefit (before the partial surrender) = $55,000** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Net Partial Surrender requested = $5,000** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **MVA Amount = -$500** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Surrender Charge = $0** 

**Amount withdrawn from Contract Value = $5,500** 

**Remaining Contract Value = $44,500** 

**Adjusted Partial Surrenders = $55,000 x $5,500 / $50,000 = $6,050** 

**Adjusted Return of Purchase Payment Death Benefit = $55,000 - $6,050 = $48,950** 

**Death Benefit = Greater of Contract Value and Return of Purchase Payment Death Benefit = $48,950** 

---

| | |
|:---|:---|
| **6** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

## Calculating Annuity Payouts
**THE VARIABLE ACCOUNT** 

We do the following calculations separately for each of the subaccounts of the variable account. The separate monthly payouts, added together, make up your total variable annuity payout.

**Initial Payout:** To compute your first monthly payout, we:

• determine the dollar value of your contract on the valuation date and deduct any applicable premium tax; then

• apply the result to the annuity table contained in the contract or another table at least as favorable.

The annuity table shows the amount of the first monthly payout for each $1,000 of value which depends on factors built into the table, as described below.

**Annuity Units:** We then convert the value of your subaccount to annuity units. To compute the number of units credited to you, we divide the first monthly payout by the annuity unit value (see below) on the valuation date. The number of units in your subaccount is fixed. The value of the units fluctuates with the performance of the underlying fund.

**Subsequent Payouts:** To compute later payouts, we multiply:

• the annuity unit value on the valuation date; by

• the fixed number of annuity units credited to you.

**Annuity Unit Values:** We originally set this value at $1 for each subaccount. To calculate later values we multiply the last annuity value by the product of:

• the net investment factor; and

• the neutralizing factor.

The purpose of the neutralizing factor is to offset the effect of the assumed rate built into the annuity table. With an assumed investment rate of 5%, the neutralizing factor is 0.999866 for a one day valuation period.

**Net Investment Factor:** We determine the net investment factor by:

• adding the fund's current net asset value per share plus the per share amount of any accrued income or
capital gain dividends to obtain a current adjusted net asset value per share; then

• dividing that sum by the previous adjusted net asset value per share; and

• subtracting the percentage factor representing the mortality and expense risk fee from the result.

Because the net asset value of the fund may fluctuate, the net investment factor may be greater or less than one, and the annuity unit value may increase or decrease. You bear this investment risk in a subaccount.

**THE FIXED ACCOUNT** 

We guarantee your fixed annuity payout amounts. Once calculated, your payout will remain the same and never change. To calculate your annuity payouts we:

• take the value of your fixed account at the retirement/settlement date or the date you selected to begin
receiving your annuity payouts; then

• using an annuity table, we apply the value according to the annuity payout plan you select.

The annuity payout table we use will be the one in effect at the time you choose to begin your annuity payouts. The values in the table will be equal to or greater than the table in your contract.

---

| | |
|:---|:---|
| **8** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

## Rating Agencies
We receive ratings from independent rating agencies. These agencies evaluate the creditworthiness and claims-paying ability of insurance companies based on a number of different factors. The ratings reflect each agency's estimation of our ability to meet our contractual obligations such as making annuity payouts and paying death benefits and other distributions. As such, the ratings relate to our fixed account and not to the subaccounts. This information generally does not relate to the management or performance of the subaccounts.

For detailed information on the agency ratings given to RiverSource Life, see "Investor Relations — Financial Information — Credit Ratings" on our website at ameriprise.com or contact your sales representative. You also may view our current ratings by visiting the agency websites directly at:

---

| | |
|:---|:---|
| A.M. Best | www.ambest.com |
| Moody's | www.moodys.com |
| Standard & Poor's | www.standardandpoors.com |

---

A.M. Best — Rates insurance companies for their financial strength.

Moody's — Rates insurance companies for their financial strength.

Standard & Poor's — Rates insurance companies for their financial strength.

## Principal Underwriter
RiverSource Distributors, Inc. (RiverSource Distributors) serves as principal underwriter for the contracts, which are offered on a continuous basis. Its offices are located at 70100 Ameriprise Financial Center, Minneapolis, MN 55474. RiverSource Distributors is registered with the Securities and Exchange Commission under the Securities Act of 1934 as a broker dealer and is a member of the Financial Industry Regulatory Authority (FINRA). RiverSource Distributors is not required to sell any specific number or dollar amount of securities, but will use its best efforts to sell the securities offered. The contracts are offered to the public through certain securities broker-dealers that have entered into sales agreements with RiverSource Life and RiverSource Distributors and whose personnel are legally authorized to sell annuity and life insurance products. RiverSource Distributors is a wholly-owned subsidiary of Ameriprise Financial, Inc.

The aggregate dollar amount of underwriting commissions paid to RiverSource Distributors by RiverSource Life for the variable accounts in 2024 was $439,655,537, in 2023 was $394,275,424 and in 2022 was $408,452,683. RiverSource Distributors retained no underwriting commissions from the sale of the contracts.

## Independent Registered Public Accounting Firm
The consolidated financial statements of RiverSource Life Insurance Company and its subsidiaries as of December 31, 2024 and December 31, 2023 and for each of the three years in the period ended December 31, 2024 and the financial statements of each of the divisions of RiverSource Variable Account 10 as of December 31, 2024 and for the period then ended and the statement of changes in net assets for each of the two years in the period ended December 31, 2024 included in this Statement of Additional Information have been so included in reliance on the reports of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

## Custodian
RiverSource Life is the custodian of the assets of RiverSource Variable Account 10. RiverSource Life holds these assets for safekeeping, maintains records and accounts relating to the variable account including purchase and redemption transactions, and is responsible for administration of the contracts. RiverSource Life's principal offices are located at 70100 Ameriprise Financial Center, Minneapolis, MN 55474.

**RIVERSOURCE VARIABLE ACCOUNT 10** ∎<sub>9</sub>

------

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

**TO THE BOARD OF DIRECTORS OF RIVERSOURCE LIFE INSURANCE COMPANY** 

**AND THE CONTRACT OWNERS OF RIVERSOURCE VARIABLE ACCOUNT 10** 

***Opinions on the Financial Statements***

We have audited the accompanying statements of assets and liabilities of each of the divisions of RiverSource Variable Account 10, as indicated in Note 1, as of December 31, 2024, and the related statements of operations and of changes in net assets for each of the periods indicated in Note 1, including the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the divisions of RiverSource Variable Account 10 as of December 31, 2024, and the results of each of their operations and the changes in each of their net assets for each of the periods indicated in Note 1 in conformity with accounting principles generally accepted in the United States of America.

***Basis for Opinions***

These financial statements are the responsibility of the RiverSource Life Insurance Company management. Our responsibility is to express an opinion on the financial statements of each of the divisions of the RiverSource Variable Account 10 based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to each of the divisions of the RiverSource Variable Account 10 in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of investments owned as of December 31, 2024, by correspondence with the transfer agents of the investee mutual funds. We believe that our audits provide a reasonable basis for our opinions.

![LOGO](g34593price_sig.jpg)

Minneapolis, Minnesota

April 24, 2025

We have served as the auditor of one or more of the divisions of RiverSource Variable Account 10 since 2010.

---

| | |
|:---|:---|
| **10** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024** | **AB VPS**<br> **Dyn Asset Alloc,**<br> **Cl B** | **AB VPS**<br> **Intl Val,**<br> **Cl B** | **AB VPS**<br> **Lg Cap Gro,**<br> **Cl B** | **AB VPS**<br> **Relative Val,**<br> **Cl B** | **AB VPS**<br> **Sus Gbl Thematic,**<br> **Cl B** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $9957779 | $60905600 | $178729992 | $74116179 | $9496574 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 151 | 91335 | 124336 | 1246 | 1120 |
|  Receivable for share redemptions | 9159 | 47116 | 873219 | 67892 | 46776 |
|  Total assets | 9967089 | 61044051 | 179727547 | 74185317 | 9544470 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 9152 | 47116 | 167531 | 57556 | 7904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 7 |  | 705688 | 10336 | 38872 |
|  Payable for investments purchased | 151 | 91335 | 124336 | 1246 | 1120 |
|  Total liabilities | 9310 | 138451 | 997555 | 69138 | 47896 |
|  Net assets applicable to contracts in accumulation period | 9956766 | 60771765 | 178722113 | 73893417 | 9439615 |
|  Net assets applicable to contracts in payment period |  | 133835 | 4946 | 222229 | 56305 |
|  Net assets applicable to seed money | 1013 |  | 2933 | 533 | 654 |
|  Total net assets | $9957779 | $60905600 | $178729992 | $74116179 | $9496574 |
|  <sup>(1)</sup> Investment shares | 1024463 | 4044197 | 2241972 | 2400913 | 289530 |
|  <sup>(2)</sup> Investments, at cost | $11248712 | $61030538 | $139101652 | $63127747 | $8849924 |
| **December 31, 2024 (continued)** | **Allspg VT**<br> **Index Asset Alloc,<br>Cl 2** | **Allspg VT**<br> **Opp,**<br> **Cl 2** | **Allspg VT**<br> **Sm Cap Gro,**<br> **Cl 2** | **ALPS Alerian**<br> **Engy Infr,**<br> **Class III** | **BlackRock**<br> **Adv SMID**<br> **Cap VI,**<br> **Cl III** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $20331915 | $39822818 | $74640491 | $55373483 | $2374175 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 2503 |  | 36123 | 24399 | 8 |
|  Receivable for share redemptions | 15277 | 48355 | 184037 | 72227 | 2157 |
|  Total assets | 20349695 | 39871173 | 74860651 | 55470109 | 2376340 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 15277 | 33034 | 65897 | 50203 | 2157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations |  | 15321 | 118140 | 22024 |  |
|  Payable for investments purchased | 2503 |  | 36123 | 24399 | 8 |
|  Total liabilities | 17780 | 48355 | 220160 | 96626 | 2165 |
|  Net assets applicable to contracts in accumulation period | 19869125 | 39699936 | 74508934 | 55311780 | 2373549 |
|  Net assets applicable to contracts in payment period | 462625 | 121445 | 130653 | 60460 |  |
|  Net assets applicable to seed money | 165 | 1437 | 904 | 1243 | 626 |
|  Total net assets | $20331915 | $39822818 | $74640491 | $55373483 | $2374175 |
|  <sup>(1)</sup> Investment shares | 1023762 | 1482607 | 8000053 | 3877695 | 217615 |
|  <sup>(2)</sup> Investments, at cost | $17262741 | $34646486 | $78251121 | $39185342 | $2040600 |

---

See accompanying notes to financial statements.

**RIVERSOURCE VARIABLE ACCOUNT 10** ∎<sub>11</sub>

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **BlackRock<br>Global Alloc,**<br> **Cl III** | **BNY Mellon**<br> **Sus US Eq,<br>Serv** | **Calvert VP<br>SRI Bal,**<br> **Cl F** | **Calvert VP**<br> **SRI Bal,**<br> **Cl I** | **CB Var**<br> **Sm Cap Gro,**<br> **Cl I** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $73474279 | $3941486 | $2478666 | $23999751 | $13111319 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 6351 | 18985 |  | 292 | 126 |
|  Receivable for share redemptions | 272303 | 3118 | 2155 | 18184 | 14870 |
|  Total assets | 73752933 | 3963589 | 2480821 | 24018227 | 13126315 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 67212 | 3118 | 2155 | 18026 | 10943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 205091 |  |  | 158 | 3927 |
|  Payable for investments purchased | 6351 | 18985 |  | 292 | 126 |
|  Total liabilities | 278654 | 22103 | 2155 | 18476 | 14996 |
|  Net assets applicable to contracts in accumulation period | 73241951 | 3939625 | 2477910 | 23930876 | 13078189 |
|  Net assets applicable to contracts in payment period | 231727 |  |  | 68770 | 33130 |
|  Net assets applicable to seed money | 601 | 1861 | 756 | 105 |  |
|  Total net assets | $73474279 | $3941486 | $2478666 | $23999751 | $13111319 |
|  <sup>(1)</sup> Investment shares | 5700099 | 72547 | 918024 | 8759033 | 473504 |
|  <sup>(2)</sup> Investments, at cost | $81888866 | $3041862 | $2189714 | $18551407 | $12858175 |
| **December 31, 2024 (continued)** | **Col VP**<br> **Bal,**<br> **Cl 2** | **Col VP**<br> **Bal,**<br> **Cl 3** | **Col VP<br>Commodity**<br> **Strategy,<br>Cl 2** | **Col VP<br>Contrarian Core,<br>Cl 2** | **Col VP**<br> **Disciplined Core,**<br> **Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $148564955 | $600829843 | $15901201 | $183738719 | $62880100 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 229724 | 1705 | 87 | 36321 | 75276 |
|  Receivable for share redemptions | 131459 | 961594 | 19111 | 274162 | 60312 |
|  Total assets | 148926138 | 601793142 | 15920399 | 184049202 | 63015688 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 130514 | 542623 | 14685 | 163867 | 58901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 945 | 418971 | 4426 | 110295 | 1411 |
|  Payable for investments purchased | 229724 | 1705 | 87 | 36321 | 75276 |
|  Total liabilities | 361183 | 963299 | 19198 | 310483 | 135588 |
|  Net assets applicable to contracts in accumulation period | 148564865 | 595664574 | 15900473 | 183335996 | 62879080 |
|  Net assets applicable to contracts in payment period |  | 5164951 |  | 402502 |  |
|  Net assets applicable to seed money | 90 | 318 | 728 | 221 | 1020 |
|  Total net assets | $148564955 | $600829843 | $15901201 | $183738719 | $62880100 |
|  <sup>(1)</sup> Investment shares | 3119147 | 12442117 | 4195567 | 3510484 | 577358 |
|  <sup>(2)</sup> Investments, at cost | $125923313 | $318266008 | $21209811 | $94609266 | $35544861 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **12** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **Col VP**<br> **Disciplined Core,<br>Cl 3** | **Col VP**<br> **Divd Opp,**<br> **Cl 2** | **Col VP**<br> **Divd Opp,**<br> **Cl 3** | **Col VP**<br> **Emerg Mkts Bond,<br>Cl 2** | **Col VP**<br> **Emer Mkts,**<br> **Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $373861338 | $110046167 | $362700958 | $9588357 | $46105891 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 345 | 36264 | 692 | 5 | 5736 |
|  Receivable for share redemptions | 550961 | 104304 | 596093 | 14617 | 52111 |
|  Total assets | 374412644 | 110186735 | 363297743 | 9602979 | 46163738 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 329655 | 103755 | 298871 | 8332 | 43382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 221306 | 549 | 297222 | 6285 | 8729 |
|  Payable for investments purchased | 345 | 36264 | 692 | 5 | 5736 |
|  Total liabilities | 551306 | 140568 | 596785 | 14622 | 57847 |
|  Net assets applicable to contracts in accumulation period | 369696586 | 110034510 | 359761594 | 9587496 | 46105593 |
|  Net assets applicable to contracts in payment period | 4164752 | 11480 | 2939364 |  |  |
|  Net assets applicable to seed money |  | 177 |  | 861 | 298 |
|  Total net assets | $373861338 | $110046167 | $362700958 | $9588357 | $46105891 |
|  <sup>(1)</sup> Investment shares | 3372982 | 2522259 | 8159752 | 1209124 | 4592220 |
|  <sup>(2)</sup> Investments, at cost | $85515683 | $73410044 | $110646530 | $10765412 | $64944349 |
| **December 31, 2024 (continued)** | **Col VP**<br> **Emer Mkts,**<br> **Cl 3** | **Col VP Global**<br> **Strategic Inc,**<br> **Cl 2** | **Col VP Global**<br> **Strategic Inc,**<br> **Cl 3** | **Col VP**<br> **Govt Money Mkt,**<br> **Cl 2** | **Col VP**<br> **Govt Money Mkt,**<br> **Cl 3** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $62439059 | $9819388 | $40324196 | $150347068 | $149421744 |
|  Dividends receivable |  |  |  | 16329 | 16754 |
|  Accounts receivable from RiverSource Life for contract purchase payments | 19225 | 2508 | 862 | 419698 | 26793 |
|  Receivable for share redemptions | 57067 | 9459 | 90186 | 431264 | 128192 |
|  Total assets | 62515351 | 9831355 | 40415244 | 151214359 | 149593483 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 53603 | 9325 | 33192 | 140805 | 122665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 3464 | 134 | 56994 | 290459 | 5527 |
|  Payable for investments purchased | 19225 | 2508 | 862 | 419698 | 26793 |
|  Total liabilities | 76292 | 11967 | 91048 | 850962 | 154985 |
|  Net assets applicable to contracts in accumulation period | 62220774 | 9812012 | 40056772 | 150356986 | 149059868 |
|  Net assets applicable to contracts in payment period | 218285 | 6717 | 267424 |  | 378630 |
|  Net assets applicable to seed money |  | 659 |  | 6411 |  |
|  Total net assets | $62439059 | $9819388 | $40324196 | $150363397 | $149438498 |
|  <sup>(1)</sup> Investment shares | 6139534 | 1283580 | 5216584 | 150347068 | 149421744 |
|  <sup>(2)</sup> Investments, at cost | $78850946 | $10804044 | $50761683 | $150347067 | $149420558 |

---

See accompanying notes to financial statements.

**RIVERSOURCE VARIABLE ACCOUNT 10** ∎<sub>13</sub>

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **Col VP**<br> **Hi Yield Bond,**<br> **Cl 2** | **Col VP**<br> **Hi Yield Bond,**<br> **Cl 3** | **Col VP**<br> **Inc Opp,**<br> **Cl 2** | **Col VP**<br> **Inc Opp,**<br> **Cl 3** | **Col VP**<br> **Inter Bond,**<br> **Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $51989693 | $107337243 | $28099689 | $67080997 | $84550475 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 13283 | 7319 | 5392 | 3489 | 32194 |
|  Receivable for share redemptions | 50258 | 125826 | 29379 | 66468 | 82425 |
|  Total assets | 52053234 | 107470388 | 28134460 | 67150954 | 84665094 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 47470 | 89226 | 26078 | 54206 | 78518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 2788 | 36600 | 3301 | 12262 | 3907 |
|  Payable for investments purchased | 13283 | 7319 | 5392 | 3489 | 32194 |
|  Total liabilities | 63541 | 133145 | 34771 | 69957 | 114619 |
|  Net assets applicable to contracts in accumulation period | 51989068 | 106490206 | 28099087 | 66693559 | 84497634 |
|  Net assets applicable to contracts in payment period |  | 847037 |  | 387438 | 52541 |
|  Net assets applicable to seed money | 625 |  | 602 |  | 300 |
|  Total net assets | $51989693 | $107337243 | $28099689 | $67080997 | $84550475 |
|  <sup>(1)</sup> Investment shares | 8550936 | 17481636 | 4460268 | 10465054 | 10186804 |
|  <sup>(2)</sup> Investments, at cost | $54822532 | $113995255 | $31499984 | $81634474 | $95814614 |
| **December 31, 2024 (continued)** | **Col VP**<br> **Inter Bond,**<br> **Cl 3** | **Col VP**<br> **Lg Cap Gro,**<br> **Cl 2** | **Col VP**<br> **Lg Cap Gro,**<br> **Cl 3** | **Col VP**<br> **Lg Cap Index,**<br> **Cl 2** | **Col VP**<br> **Lg Cap Index,**<br> **Cl 3** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $201848091 | $152641801 | $152156464 | $174897016 | $588803630 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 25785 | 34687 |  | 72778 | 148442 |
|  Receivable for share redemptions | 264703 | 291155 | 165711 | 174796 | 684563 |
|  Total assets | 202138579 | 152967643 | 152322175 | 175144590 | 589636635 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 165858 | 142732 | 115251 | 158406 | 524468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 98845 | 148423 | 50460 | 16390 | 160095 |
|  Payable for investments purchased | 25785 | 34687 |  | 72778 | 148442 |
|  Total liabilities | 290488 | 325842 | 165711 | 247574 | 833005 |
|  Net assets applicable to contracts in accumulation period | 200483436 | 152641278 | 151188939 | 174896947 | 586986383 |
|  Net assets applicable to contracts in payment period | 1364655 |  | 967525 |  | 1817075 |
|  Net assets applicable to seed money |  | 523 |  | 69 | 172 |
|  Total net assets | $201848091 | $152641801 | $152156464 | $174897016 | $588803630 |
|  <sup>(1)</sup> Investment shares | 24173424 | 3234622 | 3162021 | 3592052 | 11887818 |
|  <sup>(2)</sup> Investments, at cost | $244846713 | $81719243 | $38357585 | $138670075 | $234834449 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **14** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **Col VP Limited**<br> **Duration Cr,**<br> **Cl 2** | **Col VP Long**<br> **Govt/Cr Bond,**<br> **Cl 2** | **Col VP**<br> **Overseas Core,**<br> **Cl 2** | **Col VP**<br> **Overseas Core,**<br> **Cl 3** | **Col VP Select**<br> **Lg Cap Eq,**<br> **Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $82194141 | $14775542 | $36133971 | $47221762 | $4652904 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 100060 | 19609 | 68915 | 25381 |  |
|  Receivable for share redemptions | 81544 | 23149 | 32964 | 66555 | 4311 |
|  Total assets | 82375745 | 14818300 | 36235850 | 47313698 | 4657215 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 73088 | 13188 | 32964 | 42461 | 4311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 8456 | 9961 |  | 24094 |  |
|  Payable for investments purchased | 100060 | 19609 | 68915 | 25381 |  |
|  Total liabilities | 181604 | 42758 | 101879 | 91936 | 4311 |
|  Net assets applicable to contracts in accumulation period | 82180784 | 14727656 | 36011929 | 46585473 | 4652599 |
|  Net assets applicable to contracts in payment period | 12822 | 47185 | 121446 | 636289 |  |
|  Net assets applicable to seed money | 535 | 701 | 596 |  | 305 |
|  Total net assets | $82194141 | $14775542 | $36133971 | $47221762 | $4652904 |
|  <sup>(1)</sup> Investment shares | 8642917 | 2035199 | 2762536 | 3588280 | 201163 |
|  <sup>(2)</sup> Investments, at cost | $81956212 | $17966794 | $36428463 | $44127798 | $3597805 |
| **December 31, 2024 (continued)** | **Col VP Select**<br> **Lg Cap Val,**<br> **Cl 2** | **Col VP Select**<br> **Lg Cap Val,<br>Cl 3** | **Col VP Select**<br> **Mid Cap Gro,**<br> **Cl 2** | **Col VP Select**<br> **Mid Cap Gro,**<br> **Cl 3** | **Col VP Select**<br> **Mid Cap Val,**<br> **Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $70423215 | $39762635 | $43318695 | $72846495 | $43248863 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 200459 | 21425 | 50468 | 76 | 32692 |
|  Receivable for share redemptions | 167782 | 34534 | 137288 | 120607 | 42692 |
|  Total assets | 70791456 | 39818594 | 43506451 | 72967178 | 43324247 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 65730 | 32168 | 41156 | 64855 | 40813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 102052 | 2366 | 96132 | 55752 | 1879 |
|  Payable for investments purchased | 200459 | 21425 | 50468 | 76 | 32692 |
|  Total liabilities | 368241 | 55959 | 187756 | 120683 | 75384 |
|  Net assets applicable to contracts in accumulation period | 70422947 | 39741670 | 43315595 | 72003630 | 43242269 |
|  Net assets applicable to contracts in payment period |  | 20965 | 2591 | 842865 | 6280 |
|  Net assets applicable to seed money | 268 |  | 509 |  | 314 |
|  Total net assets | $70423215 | $39762635 | $43318695 | $72846495 | $43248863 |
|  <sup>(1)</sup> Investment shares | 1670776 | 927300 | 799681 | 1321359 | 1079063 |
|  <sup>(2)</sup> Investments, at cost | $51674841 | $24193448 | $29027856 | $22468330 | $28134745 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **15** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **Col VP Select**<br> **Mid Cap Val,**<br> **Cl 3** | **Col VP Select**<br> **Sm Cap Val,**<br> **Cl 2** | **Col VP Select**<br> **Sm Cap Val,**<br> **Cl 3** | **Col VP Sel**<br> **Gbl Tech,**<br> **Cl 2** | **Col VP Sm**<br> **Cap Val,**<br> **Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $39071475 | $27183899 | $28660856 | $19313674 | $2466940 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 3125 | 2043 | 331 | 30088 | 1229 |
|  Receivable for share redemptions | 44390 | 26399 | 27090 | 35520 | 5735 |
|  Total assets | 39118990 | 27212341 | 28688277 | 19379282 | 2473904 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 31512 | 26399 | 21962 | 17227 | 2202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 12878 |  | 5128 | 18293 | 3533 |
|  Payable for investments purchased | 3125 | 2043 | 331 | 30088 | 1229 |
|  Total liabilities | 47515 | 28442 | 27421 | 65608 | 6964 |
|  Net assets applicable to contracts in accumulation period | 38894720 | 27180542 | 28619399 | 19313135 | 2466305 |
|  Net assets applicable to contracts in payment period | 176755 | 3129 | 41457 |  |  |
|  Net assets applicable to seed money |  | 228 |  | 539 | 635 |
|  Total net assets | $39071475 | $27183899 | $28660856 | $19313674 | $2466940 |
|  <sup>(1)</sup> Investment shares | 958574 | 716497 | 741549 | 683428 | 186184 |
|  <sup>(2)</sup> Investments, at cost | $15180654 | $19624260 | $12556285 | $16730427 | $2277853 |
| **December 31, 2024 (continued)** | **Col VP<br>Strategic Inc,<br>Cl 2** | **Col VP**<br> **US Govt Mtge,**<br> **Cl 2** | **Col VP**<br> **US Govt Mtge,**<br> **Cl 3** | **CS**<br> **Commodity<br>Return,**<br> **Cl 1** | **CTIVP**<br> **AC Div Bond,**<br> **Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $82044059 | $12122961 | $32864293 | $10638332 | $25373006 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 108833 | 13104 | 1607 | 883 | 2218 |
|  Receivable for share redemptions | 196596 | 11224 | 27422 | 10420 | 22514 |
|  Total assets | 82349488 | 12147289 | 32893322 | 10649635 | 25397738 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 77164 | 11224 | 26179 | 8615 | 22514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 119432 |  | 1243 | 1805 |  |
|  Payable for investments purchased | 108833 | 13104 | 1607 | 883 | 2218 |
|  Total liabilities | 305429 | 24328 | 29029 | 11303 | 24732 |
|  Net assets applicable to contracts in accumulation period | 82043614 | 12106584 | 32616812 | 10637987 | 25372535 |
|  Net assets applicable to contracts in payment period |  | 15880 | 247481 | 345 |  |
|  Net assets applicable to seed money | 445 | 497 |  |  | 471 |
|  Total net assets | $82044059 | $12122961 | $32864293 | $10638332 | $25373006 |
|  <sup>(1)</sup> Investment shares | 22477824 | 1385481 | 3747354 | 591676 | 2847700 |
|  <sup>(2)</sup> Investments, at cost | $91646100 | $13502364 | $37934350 | $16849285 | $28361657 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **16** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **CTIVP BR Gl**<br> **Infl Prot Sec,**<br> **Cl 2** | **CTIVP BR Gl**<br> **Infl Prot Sec,**<br> **Cl 3** | **CTIVP**<br> **CenterSquare**<br> **Real Est,**<br> **Cl 2** | **CTIVP**<br> **MFS Val,**<br> **Cl 2** | **CTIVP Prin**<br> **Blue Chip Gro,**<br> **Cl 1** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $17742113 | $39225954 | $22873160 | $84489744 | $113672769 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 5296 | 5074 | 40380 | 21595 | 221 |
|  Receivable for share redemptions | 25735 | 75047 | 22984 | 143796 | 153739 |
|  Total assets | 17773144 | 39306075 | 22936524 | 84655135 | 113826729 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 16830 | 31225 | 21135 | 79101 | 91802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 8905 | 43822 | 1849 | 64695 | 61937 |
|  Payable for investments purchased | 5296 | 5074 | 40380 | 21595 | 221 |
|  Total liabilities | 31031 | 80121 | 63364 | 165391 | 153960 |
|  Net assets applicable to contracts in accumulation period | 17741606 | 39157794 | 22872465 | 84489518 | 113331203 |
|  Net assets applicable to contracts in payment period |  | 68160 |  |  | 341566 |
|  Net assets applicable to seed money | 507 |  | 695 | 226 |  |
|  Total net assets | $17742113 | $39225954 | $22873160 | $84489744 | $113672769 |
|  <sup>(1)</sup> Investment shares | 4174615 | 9038238 | 3393644 | 2040322 | 1586501 |
|  <sup>(2)</sup> Investments, at cost | $22263990 | $55267210 | $26984435 | $56745545 | $37794435 |
| **December 31, 2024 (continued)** | **CTIVP Prin<br>Blue Chip Gro,<br>Cl 2** | **CTIVP T Rowe**<br> **Price LgCap Val,**<br> **Cl 2** | **CTIVP TCW**<br> **Core Plus Bond,**<br> **Cl 2** | **CTIVP Vty**<br> **Sycamore**<br> **Estb Val,**<br> **Cl 2** | **CTIVP Vty**<br> **Sycamore**<br> **Estb Val,**<br> **Cl 3** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $63766713 | $44812855 | $23279680 | $70731417 | $41898186 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 5237 | 50821 | 13759 | 2761 | 3842 |
|  Receivable for share redemptions | 133520 | 61621 | 21097 | 86711 | 38811 |
|  Total assets | 63905470 | 44925297 | 23314536 | 70820889 | 41940839 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 59366 | 42625 | 21097 | 65654 | 33883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 74154 | 18996 |  | 21057 | 4928 |
|  Payable for investments purchased | 5237 | 50821 | 13759 | 2761 | 3842 |
|  Total liabilities | 138757 | 112442 | 34856 | 89472 | 42653 |
|  Net assets applicable to contracts in accumulation period | 63766064 | 44751525 | 23278915 | 70731213 | 41800905 |
|  Net assets applicable to contracts in payment period |  | 61099 |  |  | 97281 |
|  Net assets applicable to seed money | 649 | 231 | 765 | 204 |  |
|  Total net assets | $63766713 | $44812855 | $23279680 | $70731417 | $41898186 |
|  <sup>(1)</sup> Investment shares | 922684 | 1183334 | 2572340 | 1444383 | 839811 |
|  <sup>(2)</sup> Investments, at cost | $35721958 | $31189589 | $25483706 | $46334470 | $22314869 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **17** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **CTIVP**<br> **Westfield**<br> **Mid Cap Gro,**<br> **Cl 2** | **CTIVP**<br> **Westfield**<br> **Sel Lg Cp Gr,**<br> **Cl 2** | **CVT EAFE**<br> **Intl Index,**<br> **Cl F** | **CVT Nasdaq**<br> **100 Index,**<br> **Cl F** | **CVT Russ 2000**<br> **Sm Cap Ind,**<br> **Cl F** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $30938048 | $26788093 | $4802447 | $23550483 | $10351945 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 1139 | 485 | 449 | 71671 | 6574 |
|  Receivable for share redemptions | 33570 | 46253 | 3891 | 21084 | 8820 |
|  Total assets | 30972757 | 26834831 | 4806787 | 23643238 | 10367339 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 28805 | 25740 | 3891 | 20377 | 8820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 4765 | 20513 |  | 707 |  |
|  Payable for investments purchased | 1139 | 485 | 449 | 71671 | 6574 |
|  Total liabilities | 34709 | 46738 | 4340 | 92755 | 15394 |
|  Net assets applicable to contracts in accumulation period | 30937480 | 26787436 | 4800082 | 23547096 | 10349957 |
|  Net assets applicable to contracts in payment period |  |  |  |  |  |
|  Net assets applicable to seed money | 568 | 657 | 2365 | 3387 | 1988 |
|  Total net assets | $30938048 | $26788093 | $4802447 | $23550483 | $10351945 |
|  <sup>(1)</sup> Investment shares | 611666 | 470793 | 50632 | 144917 | 122190 |
|  <sup>(2)</sup> Investments, at cost | $18045224 | $20264464 | $4658079 | $20461825 | $9700022 |
| **December 31, 2024 (continued)** | **DWS Alt Asset**<br> **Alloc VIP,**<br> **Cl B** | **EV VT**<br> **Floating-Rate Inc,**<br> **Init Cl** | **Fid VIP**<br> **Contrafund,**<br> **Serv Cl 2** | **Fid VIP**<br> **Emer Mkts,**<br> **Serv Cl 2** | **Fid VIP<br>Energy,**<br> **Serv Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $15821221 | $76704868 | $616762401 | $2503544 | $2774819 |
|  Dividends receivable |  | 459224 |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 544 | 31376 | 213464 | 23849 | 634 |
|  Receivable for share redemptions | 21594 | 76764 | 1065189 | 2150 | 2488 |
|  Total assets | 15843359 | 77272232 | 618041054 | 2529543 | 2777941 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 14032 | 63404 | 540237 | 2150 | 2488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 7562 | 13360 | 524952 |  |  |
|  Payable for investments purchased | 544 | 490600 | 213464 | 23849 | 634 |
|  Total liabilities | 22138 | 567364 | 1278653 | 25999 | 3122 |
|  Net assets applicable to contracts in accumulation period | 15806490 | 76361923 | 616006312 | 2503050 | 2774052 |
|  Net assets applicable to contracts in payment period | 14122 | 335787 | 754980 |  |  |
|  Net assets applicable to seed money | 609 | 7158 | 1109 | 494 | 767 |
|  Total net assets | $15821221 | $76704868 | $616762401 | $2503544 | $2774819 |
|  <sup>(1)</sup> Investment shares | 1222660 | 8908812 | 11112836 | 218269 | 110860 |
|  <sup>(2)</sup> Investments, at cost | $16381790 | $80135909 | $423759829 | $2340086 | $2773600 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **18** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **Fid VIP**<br> **Gro & Inc,**<br> **Serv Cl** | **Fid VIP**<br> **Gro & Inc,**<br> **Serv Cl 2** | **Fid VIP**<br> **Gro Opp,**<br> **Serv Cl 2** | **Fid VIP Intl**<br> **Cap Appr,**<br> **Serv Cl 2** | **Fid VIP**<br> **Invest Gr,**<br> **Serv Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $42673475 | $109129398 | $25706117 | $8079000 | $15716455 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments |  | 10230 | 103742 | 24828 | 32539 |
|  Receivable for share redemptions | 35562 | 118467 | 29526 | 7087 | 14955 |
|  Total assets | 42709037 | 109258095 | 25839385 | 8110915 | 15763949 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 31208 | 83803 | 23062 | 7087 | 13422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 4354 | 34664 | 6464 |  | 1533 |
|  Payable for investments purchased |  | 10230 | 103742 | 24828 | 32539 |
|  Total liabilities | 35562 | 128697 | 133268 | 31915 | 47494 |
|  Net assets applicable to contracts in accumulation period | 42353467 | 107959462 | 25704549 | 8078533 | 15716156 |
|  Net assets applicable to contracts in payment period | 320008 | 1169395 |  |  |  |
|  Net assets applicable to seed money |  | 541 | 1568 | 467 | 299 |
|  Total net assets | $42673475 | $109129398 | $25706117 | $8079000 | $15716455 |
|  <sup>(1)</sup> Investment shares | 1416312 | 3708101 | 319927 | 359546 | 1479892 |
|  <sup>(2)</sup> Investments, at cost | $27131298 | $70572458 | $19548280 | $7476077 | $15939198 |
| **December 31, 2024 (continued)** | **Fid VIP**<br> **Mid Cap,<br>Serv Cl** | **Fid VIP**<br> **Mid Cap,**<br> **Serv Cl 2** | **Fid VIP**<br> **Overseas,**<br> **Serv Cl** | **Fid VIP**<br> **Overseas,**<br> **Serv Cl 2** | **Fid VIP**<br> **Strategic Inc,**<br> **Serv Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $63821469 | $357177903 | $9394097 | $41146875 | $185772902 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments |  | 60652 | 2428 | 14383 | 63846 |
|  Receivable for share redemptions | 54217 | 464644 | 6825 | 101258 | 350764 |
|  Total assets | 63875686 | 357703199 | 9403350 | 41262516 | 186187512 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 47266 | 297354 | 6825 | 32573 | 162242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 6951 | 167290 |  | 68685 | 188522 |
|  Payable for investments purchased |  | 60652 | 2428 | 14383 | 63846 |
|  Total liabilities | 54217 | 525296 | 9253 | 115641 | 414610 |
|  Net assets applicable to contracts in accumulation period | 62821426 | 355948356 | 9307603 | 40934356 | 185441381 |
|  Net assets applicable to contracts in payment period | 1000043 | 1228715 | 86494 | 212519 | 331331 |
|  Net assets applicable to seed money |  | 832 |  |  | 190 |
|  Total net assets | $63821469 | $357177903 | $9394097 | $41146875 | $185772902 |
|  <sup>(1)</sup> Investment shares | 1728642 | 10067021 | 371161 | 1636059 | 17575487 |
|  <sup>(2)</sup> Investments, at cost | $54424676 | $328969349 | $7830199 | $34367016 | $194400501 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **19** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **Frank Global**<br> **Real Est,**<br> **Cl 2** | **Frank**<br> **Inc,**<br> **Cl 2** | **Frank**<br> **Inc,**<br> **Cl 4** | **Frank Mutual**<br> **Gbl Dis,**<br> **Cl 4** | **Frank Mutual**<br> **Shares,**<br> **Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $41247230 | $59762586 | $12122592 | $613693 | $60102550 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 26501 | 382 | 99205 | 5 | 686 |
|  Receivable for share redemptions | 35256 | 146812 | 9861 | 525 | 57478 |
|  Total assets | 41308987 | 59909780 | 12231658 | 614223 | 60160714 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 32074 | 55186 | 9861 | 525 | 50679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 3182 | 91626 |  |  | 6799 |
|  Payable for investments purchased | 26501 | 382 | 99205 | 5 | 686 |
|  Total liabilities | 61757 | 147194 | 109066 | 530 | 58164 |
|  Net assets applicable to contracts in accumulation period | 41128467 | 59688140 | 12122189 | 612724 | 60010723 |
|  Net assets applicable to contracts in payment period | 118763 | 73774 |  |  | 90763 |
|  Net assets applicable to seed money |  | 672 | 403 | 969 | 1064 |
|  Total net assets | $41247230 | $59762586 | $12122592 | $613693 | $60102550 |
|  <sup>(1)</sup> Investment shares | 3361632 | 4161740 | 815787 | 33756 | 3667026 |
|  <sup>(2)</sup> Investments, at cost | $54334830 | $62504199 | $12177132 | $617979 | $61646114 |
| **December 31, 2024 (continued)** | **Frank**<br> **Sm Cap Val,**<br> **Cl 2** | **Frank**<br> **Sm Cap Val,**<br> **Cl 4** | **GS VIT**<br> **Mid Cap Val,**<br> **Inst** | **GS VIT**<br> **Multi-Strategy Alt,**<br> **Advisor** | **GS VIT<br>Multi-Strategy Alt,**<br> **Serv** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $110502676 | $4926466 | $103250625 | $9288445 | $1633361 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 12455 | 24136 | 3651 | 652 | 23979 |
|  Receivable for share redemptions | 175604 | 4385 | 207973 | 8610 | 1364 |
|  Total assets | 110690735 | 4954987 | 103462249 | 9297707 | 1658704 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 93222 | 4385 | 77660 | 8610 | 1364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 82382 |  | 130313 |  |  |
|  Payable for investments purchased | 12455 | 24136 | 3651 | 652 | 23979 |
|  Total liabilities | 188059 | 28521 | 211624 | 9262 | 25343 |
|  Net assets applicable to contracts in accumulation period | 110163400 | 4926029 | 102405779 | 9284729 | 1632817 |
|  Net assets applicable to contracts in payment period | 338629 |  | 844846 | 3102 |  |
|  Net assets applicable to seed money | 647 | 437 |  | 614 | 544 |
|  Total net assets | $110502676 | $4926466 | $103250625 | $9288445 | $1633361 |
|  <sup>(1)</sup> Investment shares | 7716667 | 328431 | 6120369 | 1045996 | 182907 |
|  <sup>(2)</sup> Investments, at cost | $111833468 | $4525237 | $95677380 | $9583235 | $1660466 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **20** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **GS VIT Sm Cap**<br> **Eq Insights,**<br> **Inst** | **GS VIT Sm Cap**<br> **Eq Insights,**<br> **Serv** | **GS VIT U.S.**<br> **Eq Insights,**<br> **Inst** | **Invesco VI**<br> **Am Fran,**<br> **Ser I** | **Invesco VI**<br> **Am Fran,**<br> **Ser II** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $5092836 | $2706174 | $101544340 | $15204146 | $45553591 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments |  | 5 |  |  |  |
|  Receivable for share redemptions | 4009 | 3588 | 117984 | 16918 | 172773 |
|  Total assets | 5096845 | 2709767 | 101662324 | 15221064 | 45726364 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 3700 | 2444 | 77639 | 10916 | 35052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 309 | 1144 | 40345 | 6002 | 137721 |
|  Payable for investments purchased |  | 5 |  |  |  |
|  Total liabilities | 4009 | 3593 | 117984 | 16918 | 172773 |
|  Net assets applicable to contracts in accumulation period | 5072936 | 2705519 | 100558757 | 15174112 | 45550933 |
|  Net assets applicable to contracts in payment period | 19900 |  | 985583 | 30034 | 2658 |
|  Net assets applicable to seed money |  | 655 |  |  |  |
|  Total net assets | $5092836 | $2706174 | $101544340 | $15204146 | $45553591 |
|  <sup>(1)</sup> Investment shares | 378931 | 204240 | 4683780 | 191175 | 636223 |
|  <sup>(2)</sup> Investments, at cost | $4744459 | $2609265 | $79747412 | $9910048 | $32045472 |
| **December 31, 2024 (continued)** | **Invesco VI Bal**<br> **Risk Alloc,**<br> **Ser II** | **Invesco VI**<br> **Comstock,**<br> **Ser II** | **Invesco VI**<br> **Core Eq,**<br> **Ser I** | **Invesco VI**<br> **Core Plus Bond,**<br> **Ser II** | **Invesco VI Dis**<br> **Mid Cap Gro,**<br> **Ser I** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $26350967 | $97684022 | $75003648 | $7083309 | $17744151 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 4966 | 105498 |  | 1479 |  |
|  Receivable for share redemptions | 40723 | 106447 | 90620 | 6388 | 17885 |
|  Total assets | 26396656 | 97895967 | 75094268 | 7091176 | 17762036 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 24030 | 77308 | 82489 | 6388 | 13229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 16693 | 29139 | 8131 |  | 4656 |
|  Payable for investments purchased | 4966 | 105498 |  | 1479 |  |
|  Total liabilities | 45689 | 211945 | 90620 | 7867 | 17885 |
|  Net assets applicable to contracts in accumulation period | 26170731 | 97429746 | 74274551 | 7082782 | 17660994 |
|  Net assets applicable to contracts in payment period | 179410 | 254031 | 729097 |  | 83157 |
|  Net assets applicable to seed money | 826 | 245 |  | 527 |  |
|  Total net assets | $26350967 | $97684022 | $75003648 | $7083309 | $17744151 |
|  <sup>(1)</sup> Investment shares | 3186332 | 4739642 | 2230923 | 1260375 | 227402 |
|  <sup>(2)</sup> Investments, at cost | $31882254 | $77711736 | $60735118 | $7131334 | $16877558 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **21** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **Invesco VI Dis**<br> **Mid Cap Gro,**<br> **Ser II** | **Invesco VI**<br> **Div Divd,**<br> **Ser I** | **Invesco VI**<br> **Div Divd,**<br> **Ser II** | **Invesco VI**<br> **EQV Intl Eq,**<br> **Ser II** | **Invesco VI**<br> **Global,**<br> **Ser II** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $11271667 | $17183752 | $9066111 | $33562831 | $127717155 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments |  | 487 |  | 15241 | 37658 |
|  Receivable for share redemptions | 29282 | 15769 | 8464 | 26491 | 185446 |
|  Total assets | 11300949 | 17200008 | 9074575 | 33604563 | 127940259 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 9199 | 13212 | 8062 | 26491 | 109968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 20083 | 2557 | 402 |  | 75478 |
|  Payable for investments purchased |  | 487 |  | 15241 | 37658 |
|  Total liabilities | 29282 | 16256 | 8464 | 41732 | 223104 |
|  Net assets applicable to contracts in accumulation period | 11271667 | 17043218 | 9010959 | 33459003 | 127481907 |
|  Net assets applicable to contracts in payment period |  | 140534 | 55152 | 103828 | 233743 |
|  Net assets applicable to seed money |  |  |  |  | 1505 |
|  Total net assets | $11271667 | $17183752 | $9066111 | $33562831 | $127717155 |
|  <sup>(1)</sup> Investment shares | 168410 | 663978 | 354145 | 1020457 | 3303599 |
|  <sup>(2)</sup> Investments, at cost | $11323747 | $15466134 | $8322029 | $31627511 | $120878886 |
| **December 31, 2024 (continued)** | **Invesco VI**<br> **Gbl Strat Inc,**<br> **Ser II** | **Invesco VI**<br> **Hlth,**<br> **Ser II** | **Invesco VI**<br> **Main St,**<br> **Ser II** | **Invesco VI**<br> **Mn St Sm Cap,**<br> **Ser II** | **Invesco VI**<br> **Tech,**<br> **Ser I** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $113888748 | $28023384 | $2579523 | $107467352 | $29890087 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 55281 | 14952 |  | 74137 |  |
|  Receivable for share redemptions | 163794 | 27840 | 2380 | 134641 | 41462 |
|  Total assets | 114107823 | 28066176 | 2581903 | 107676130 | 29931549 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 93227 | 22598 | 2180 | 93715 | 22463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 70567 | 5242 | 200 | 40926 | 18999 |
|  Payable for investments purchased | 55281 | 14952 |  | 74137 |  |
|  Total liabilities | 219075 | 42792 | 2380 | 208778 | 41462 |
|  Net assets applicable to contracts in accumulation period | 113136699 | 27831773 | 2564957 | 107244987 | 29650865 |
|  Net assets applicable to contracts in payment period | 751530 | 191611 | 14566 | 221875 | 239222 |
|  Net assets applicable to seed money | 519 |  |  | 490 |  |
|  Total net assets | $113888748 | $28023384 | $2579523 | $107467352 | $29890087 |
|  <sup>(1)</sup> Investment shares | 25766685 | 1134550 | 130213 | 3772108 | 1255886 |
|  <sup>(2)</sup> Investments, at cost | $131245665 | $29263331 | $2809979 | $89955095 | $23720910 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **22** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **Invesco VI<br>Tech,**<br> **Ser II** | **Janus**<br> **Henderson**<br> **VIT Bal,**<br> **Serv** | **Janus**<br> **Henderson**<br> **VIT Enter,**<br> **Serv** | **Janus**<br> **Henderson**<br> **VIT Flex Bd,**<br> **Serv** | **Janus**<br> **Henderson**<br> **VIT Forty,**<br> **Serv** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $7935111 | $156290775 | $14590298 | $63356521 | $5505811 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 19038 | 86906 | 258 | 102021 | 18868 |
|  Receivable for share redemptions | 7411 | 187746 | 10974 | 146042 | 5127 |
|  Total assets | 7961560 | 156565427 | 14601530 | 63604584 | 5529806 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 7339 | 142448 | 10503 | 55315 | 5127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 72 | 45298 | 471 | 90727 |  |
|  Payable for investments purchased | 19038 | 86906 | 258 | 102021 | 18868 |
|  Total liabilities | 26449 | 274652 | 11232 | 248063 | 23995 |
|  Net assets applicable to contracts in accumulation period | 7934010 | 155875630 | 14535933 | 63356048 | 5503771 |
|  Net assets applicable to contracts in payment period |  | 413937 | 54365 |  |  |
|  Net assets applicable to seed money | 1101 | 1208 |  | 473 | 2040 |
|  Total net assets | $7935111 | $156290775 | $14590298 | $63356521 | $5505811 |
|  <sup>(1)</sup> Investment shares | 393022 | 2873520 | 195266 | 5828567 | 107830 |
|  <sup>(2)</sup> Investments, at cost | $6409463 | $127329055 | $11200372 | $71180821 | $4624917 |
| **December 31, 2024 (continued)** | **Janus Hend**<br> **VIT Gbl**<br> **Tech Innov,**<br> **Srv** | **Janus**<br> **Henderson**<br> **VIT Overseas,**<br> **Serv** | **Janus**<br> **Henderson**<br> **VIT Res,**<br> **Serv** | **Lazard Ret**<br> **Emer Mkts Eq,**<br> **Serv** | **Lazard Ret**<br> **Global Dyn MA,**<br> **Serv** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $43522804 | $22945603 | $71065291 | $945992 | $9309240 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 18625 | 25343 | 54311 |  | 108 |
|  Receivable for share redemptions | 35231 | 17671 | 89958 | 755 | 8521 |
|  Total assets | 43576660 | 22988617 | 71209560 | 946747 | 9317869 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 32741 | 17671 | 62981 | 755 | 8521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 2490 |  | 26977 |  |  |
|  Payable for investments purchased | 18625 | 25343 | 54311 |  | 108 |
|  Total liabilities | 53856 | 43014 | 144269 | 755 | 8629 |
|  Net assets applicable to contracts in accumulation period | 43373937 | 22910162 | 71009355 | 944587 | 9308139 |
|  Net assets applicable to contracts in payment period | 148379 | 34608 | 53107 |  |  |
|  Net assets applicable to seed money | 488 | 833 | 2829 | 1405 | 1101 |
|  Total net assets | $43522804 | $22945603 | $71065291 | $945992 | $9309240 |
|  <sup>(1)</sup> Investment shares | 2056843 | 549332 | 1259130 | 43695 | 715545 |
|  <sup>(2)</sup> Investments, at cost | $24906136 | $20061681 | $44716816 | $921084 | $9069554 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **23** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **Lord Abt**<br> **Bond Debenture,**<br> **Cl VC** | **Lord Abt**<br> **Short Dur Inc,**<br> **Cl VC** | **LVIP AC**<br> **Intl,**<br> **Serv Cl** | **LVIP AC**<br> **Intl,**<br> **Std Cl II** | **LVIP AC**<br> **Mid Cap Val,**<br> **Serv Cl** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $6556089 | $12918651 | $15612599 | $5542809 | $36954343 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 1291 | 82251 | 55038 | 1592 | 11031 |
|  Receivable for share redemptions | 15624 | 11535 | 19600 | 4131 | 66907 |
|  Total assets | 6573004 | 13012437 | 15687237 | 5548532 | 37032281 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 5820 | 11535 | 12222 | 4131 | 30743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 9804 |  | 7378 |  | 36164 |
|  Payable for investments purchased | 1291 | 82251 | 55038 | 1592 | 11031 |
|  Total liabilities | 16915 | 93786 | 74638 | 5723 | 77938 |
|  Net assets applicable to contracts in accumulation period | 6555692 | 12918336 | 15485347 | 5490167 | 36855001 |
|  Net assets applicable to contracts in payment period |  |  | 126710 | 52570 | 99020 |
|  Net assets applicable to seed money | 397 | 315 | 542 | 72 | 322 |
|  Total net assets | $6556089 | $12918651 | $15612599 | $5542809 | $36954343 |
|  <sup>(1)</sup> Investment shares | 630393 | 986910 | 1462539 | 518795 | 1877857 |
|  <sup>(2)</sup> Investments, at cost | $6658297 | $13109973 | $14207300 | $5190462 | $36001168 |
| **December 31, 2024 (continued)** | **LVIP AC**<br> **Ultra,**<br> **Serv Cl** | **LVIP AC**<br> **Val,**<br> **Serv Cl** | **LVIP AC**<br> **Val,**<br> **Std Cl II** | **LVIP JPM**<br> **US Eq,**<br> **Serv Cl** | **Mac VIP**<br> **Asset Strategy,**<br> **Serv Cl** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $51964884 | $167819209 | $25431567 | $4772342 | $12397589 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments |  | 40947 | 317 |  |  |
|  Receivable for share redemptions | 141181 | 163547 | 23717 | 4342 | 11940 |
|  Total assets | 52106065 | 168023703 | 25455601 | 4776684 | 12409529 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 42412 | 143186 | 18620 | 4342 | 11169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 98769 | 20361 | 5097 |  | 771 |
|  Payable for investments purchased |  | 40947 | 317 |  |  |
|  Total liabilities | 141181 | 204494 | 24034 | 4342 | 11940 |
|  Net assets applicable to contracts in accumulation period | 51760807 | 167396389 | 25071853 | 4771248 | 12272135 |
|  Net assets applicable to contracts in payment period | 204077 | 422017 | 359714 |  | 124377 |
|  Net assets applicable to seed money |  | 803 |  | 1094 | 1077 |
|  Total net assets | $51964884 | $167819209 | $25431567 | $4772342 | $12397589 |
|  <sup>(1)</sup> Investment shares | 1789733 | 13704002 | 2079611 | 109337 | 1334509 |
|  <sup>(2)</sup> Investments, at cost | $35243288 | $135590243 | $19019115 | $3720093 | $13079065 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **24** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **Mac VIP**<br> **for Inc,**<br> **Serv Cl** | **Mac VIP**<br> **Intl Core Eq,**<br> **Serv Cl** | **MFS Gbl**<br> **Real Est,**<br> **Serv Cl** | **MFS**<br> **Intl Gro,**<br> **Serv Cl** | **MFS Mass**<br> **Inv Gro Stock,**<br> **Serv Cl** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $1663757 | $1280240 | $1613424 | $5570548 | $69635755 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 17 | 3524 | 74 | 13370 | 253 |
|  Receivable for share redemptions | 1426 | 1113 | 1356 | 4890 | 66727 |
|  Total assets | 1665200 | 1284877 | 1614854 | 5588808 | 69702735 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 1426 | 1113 | 1356 | 4890 | 54677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations |  |  |  |  | 12050 |
|  Payable for investments purchased | 17 | 3524 | 74 | 13370 | 253 |
|  Total liabilities | 1443 | 4637 | 1430 | 18260 | 66980 |
|  Net assets applicable to contracts in accumulation period | 1663168 | 1279620 | 1612820 | 5570110 | 69610893 |
|  Net assets applicable to contracts in payment period |  |  |  |  | 24862 |
|  Net assets applicable to seed money | 589 | 620 | 604 | 438 |  |
|  Total net assets | $1663757 | $1280240 | $1613424 | $5570548 | $69635755 |
|  <sup>(1)</sup> Investment shares | 300317 | 77496 | 105868 | 358927 | 2984816 |
|  <sup>(2)</sup> Investments, at cost | $1623720 | $1310399 | $1660972 | $5249905 | $60502935 |
| **December 31, 2024 (continued)** | **MFS**<br> **New Dis,**<br> **Serv Cl** | **MFS**<br> **Research Intl,**<br> **Serv Cl** | **MFS**<br> **Utilities,**<br> **Serv Cl** | **MS**<br> **VIF Dis,**<br> **Cl II** | **NB AMT**<br> **Sus Eq,**<br> **Cl S** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $27284322 | $2797665 | $123093148 | $77103238 | $19494177 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 1192 | 340 | 28409 | 84465 | 626 |
|  Receivable for share redemptions | 20976 | 2499 | 210317 | 172281 | 17404 |
|  Total assets | 27306490 | 2800504 | 123331874 | 77359984 | 19512207 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 20451 | 2499 | 104944 | 70130 | 17404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 525 |  | 105373 | 102151 |  |
|  Payable for investments purchased | 1192 | 340 | 28409 | 84465 | 626 |
|  Total liabilities | 22168 | 2839 | 238726 | 256746 | 18030 |
|  Net assets applicable to contracts in accumulation period | 27204444 | 2797272 | 122653514 | 76940368 | 19491543 |
|  Net assets applicable to contracts in payment period | 79878 |  | 438561 | 161363 |  |
|  Net assets applicable to seed money |  | 393 | 1073 | 1507 | 2634 |
|  Total net assets | $27284322 | $2797665 | $123093148 | $77103238 | $19494177 |
|  <sup>(1)</sup> Investment shares | 2538076 | 165935 | 3683218 | 13432620 | 486260 |
|  <sup>(2)</sup> Investments, at cost | $36038708 | $2742425 | $110020660 | $112416783 | $13161054 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **25** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **PIMCO VIT**<br> **All Asset,**<br> **Advisor Cl** | **PIMCO VIT**<br> **Glb Man As Alloc,**<br> **Adv Cl** | **PIMCO VIT**<br> **Tot Return,**<br> **Advisor Cl** | **Put VT**<br> **Global Hlth Care,**<br> **Cl IB** | **Put VT**<br> **Intl Eq,**<br> **Cl IB** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $44866545 | $5517645 | $69999876 | $23745518 | $9747049 |
|  Dividends receivable |  |  | 236743 |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 7084 | 13 | 15310 | 4075 | 7426 |
|  Receivable for share redemptions | 54139 | 5186 | 64443 | 23521 | 7344 |
|  Total assets | 44927768 | 5522844 | 70316372 | 23773114 | 9761819 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 39121 | 5184 | 61892 | 18643 | 7344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 15018 | 2 | 2551 | 4878 |  |
|  Payable for investments purchased | 7084 | 13 | 252053 | 4075 | 7426 |
|  Total liabilities | 61223 | 5199 | 316496 | 27596 | 14770 |
|  Net assets applicable to contracts in accumulation period | 44416682 | 5514789 | 69986660 | 23711118 | 9736844 |
|  Net assets applicable to contracts in payment period | 449041 | 1783 |  | 34074 | 10205 |
|  Net assets applicable to seed money | 822 | 1073 | 13216 | 326 |  |
|  Total net assets | $44866545 | $5517645 | $69999876 | $23745518 | $9747049 |
|  <sup>(1)</sup> Investment shares | 5018629 | 548474 | 7743349 | 1514383 | 633336 |
|  <sup>(2)</sup> Investments, at cost | $52547273 | $6083376 | $78191659 | $23351781 | $8827629 |
| **December 31, 2024 (continued)** | **Put VT**<br> **Intl Val,**<br> **Cl IB** | **Put VT**<br> **Lg Cap Val,**<br> **Cl IB** | **Put VT**<br> **Sus Fut,**<br> **Cl IB** | **Put VT**<br> **Sus Leaders,**<br> **Cl IA** | **Put VT**<br> **Sus Leaders,**<br> **Cl IB** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $4074424 | $17488017 | $2544738 | $85173813 | $38596376 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 303 |  |  |  | 96 |
|  Receivable for share redemptions | 3544 | 26729 | 2082 | 110127 | 29981 |
|  Total assets | 4078271 | 17514746 | 2546820 | 85283940 | 38626453 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 3544 | 15317 | 2082 | 93673 | 29008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations |  | 11412 |  | 16454 | 973 |
|  Payable for investments purchased | 303 |  |  |  | 96 |
|  Total liabilities | 3847 | 26729 | 2082 | 110127 | 30077 |
|  Net assets applicable to contracts in accumulation period | 4073791 | 17487368 | 2543721 | 84678059 | 38481001 |
|  Net assets applicable to contracts in payment period |  |  |  | 495754 | 113944 |
|  Net assets applicable to seed money | 633 | 649 | 1017 |  | 1431 |
|  Total net assets | $4074424 | $17488017 | $2544738 | $85173813 | $38596376 |
|  <sup>(1)</sup> Investment shares | 338407 | 539421 | 149867 | 1686276 | 799097 |
|  <sup>(2)</sup> Investments, at cost | $3831036 | $15921931 | $2061231 | $52432826 | $25550625 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **26** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **Royce**<br> **Micro-Cap,**<br> **Invest Cl** | **Temp**<br> **Global Bond,**<br> **Cl 2** | **Third Ave**<br> **VST Third**<br> **Ave Value** | **VanEck VIP**<br> **Global Gold,**<br> **Cl S** | **VP**<br> **Aggr,**<br> **Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $10610255 | $13062519 | $9341415 | $32803230 | $791146849 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments |  | 3038 | 13376 | 32384 | 180376 |
|  Receivable for share redemptions | 17094 | 18130 | 6813 | 30559 | 1253557 |
|  Total assets | 10627349 | 13083687 | 9361604 | 32866173 | 792580782 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 7836 | 11823 | 6813 | 30559 | 686710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 9258 | 6307 |  |  | 566847 |
|  Payable for investments purchased |  | 3038 | 13376 | 32384 | 180376 |
|  Total liabilities | 17094 | 21168 | 20189 | 62943 | 1433933 |
|  Net assets applicable to contracts in accumulation period | 10549255 | 13062099 | 9199555 | 32801990 | 789002395 |
|  Net assets applicable to contracts in payment period | 61000 |  | 141860 |  | 2144266 |
|  Net assets applicable to seed money |  | 420 |  | 1240 | 188 |
|  Total net assets | $10610255 | $13062519 | $9341415 | $32803230 | $791146849 |
|  <sup>(1)</sup> Investment shares | 1088231 | 1147849 | 456570 | 3515887 | 24863195 |
|  <sup>(2)</sup> Investments, at cost | $9920874 | $17653539 | $7974127 | $30544796 | $427521543 |
| **December 31, 2024 (continued)** | **VP**<br> **Aggr,**<br> **Cl 4** | **VP**<br> **Conserv,**<br> **Cl 2** | **VP**<br> **Conserv,**<br> **Cl 4** | **VP**<br> **Man Risk,**<br> **Cl 2** | **VP Man**<br> **Risk US,**<br> **Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $421013792 | $410773140 | $259182922 | $231904584 | $375871425 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 5964 | 162 |  | 57058 | 201 |
|  Receivable for share redemptions | 674997 | 710877 | 241334 | 212293 | 404668 |
|  Total assets | 421694753 | 411484179 | 259424256 | 232173935 | 376276294 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 342692 | 366372 | 220459 | 199639 | 325571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 332305 | 344505 | 20875 | 12654 | 79097 |
|  Payable for investments purchased | 5964 | 162 |  | 57058 | 201 |
|  Total liabilities | 680961 | 711039 | 241334 | 269351 | 404869 |
|  Net assets applicable to contracts in accumulation period | 421013792 | 410205464 | 259182864 | 231855954 | 375641113 |
|  Net assets applicable to contracts in payment period |  | 567562 |  | 48357 | 229992 |
|  Net assets applicable to seed money |  | 114 | 58 | 273 | 320 |
|  Total net assets | $421013792 | $410773140 | $259182922 | $231904584 | $375871425 |
|  <sup>(1)</sup> Investment shares | 13210348 | 25577406 | 16138414 | 16768227 | 23864852 |
|  <sup>(2)</sup> Investments, at cost | $158875105 | $363833049 | $206052643 | $185986626 | $288243366 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **27** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **VP Man**<br> **Vol Conserv,**<br> **Cl 2** | **VP Man**<br> **Vol Conserv Gro,**<br> **Cl 2** | **VP Man**<br> **Vol Gro,**<br> **Cl 2** | **VP Man**<br> **Vol Mod Gro,**<br> **Cl 2** | **VP**<br> **Mod,**<br> **Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $512434067 | $1038609914 | $10374472896 | $10776991961 | $6385037866 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 94315 | 366299 | 1606051 | 29656 | 102720 |
|  Receivable for share redemptions | 469242 | 1489037 | 12730741 | 12171597 | 6575424 |
|  Total assets | 512997624 | 1040465250 | 10388809688 | 10789193214 | 6391716010 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 448528 | 909587 | 8902054 | 9388501 | 5552755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 20714 | 579450 | 3828687 | 2783096 | 1022669 |
|  Payable for investments purchased | 94315 | 366299 | 1606051 | 29656 | 102720 |
|  Total liabilities | 563557 | 1855336 | 14336792 | 12201253 | 6678144 |
|  Net assets applicable to contracts in accumulation period | 512300131 | 1038395403 | 10374354880 | 10776123136 | 6380432451 |
|  Net assets applicable to contracts in payment period | 133674 | 214346 | 117851 | 868634 | 4605327 |
|  Net assets applicable to seed money | 262 | 165 | 165 | 191 | 88 |
|  Total net assets | $512434067 | $1038609914 | $10374472896 | $10776991961 | $6385037866 |
|  <sup>(1)</sup> Investment shares | 38528877 | 68919039 | 538653837 | 575694015 | 273918398 |
|  <sup>(2)</sup> Investments, at cost | $470257863 | $812847094 | $6568550931 | $6804514406 | $3525338777 |
| **December 31, 2024 (continued)** | **VP**<br> **Mod,**<br> **Cl 4** | **VP**<br> **Mod Aggr,**<br> **Cl 2** | **VP**<br> **Mod Aggr,**<br> **Cl 4** | **VP**<br> **Mod Conserv,**<br> **Cl 2** | **VP Mod**<br> **Conserv,**<br> **Cl 4** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $4683191289 | $2036639923 | $1243730239 | $962901577 | $732041818 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 4623 | 205099 | 3323 | 61629 |  |
|  Receivable for share redemptions | 4629296 | 2729769 | 1168177 | 917960 | 902814 |
|  Total assets | 4687825208 | 2039574791 | 1244901739 | 963881166 | 732944632 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 3877811 | 1774722 | 1016242 | 858520 | 621258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 751485 | 955047 | 151935 | 59440 | 281556 |
|  Payable for investments purchased | 4623 | 205099 | 3323 | 61629 |  |
|  Total liabilities | 4633919 | 2934868 | 1171500 | 979589 | 902814 |
|  Net assets applicable to contracts in accumulation period | 4683191289 | 2035784320 | 1243730239 | 961367619 | 732041818 |
|  Net assets applicable to contracts in payment period |  | 855471 |  | 1533856 |  |
|  Net assets applicable to seed money |  | 132 |  | 102 |  |
|  Total net assets | $4683191289 | $2036639923 | $1243730239 | $962901577 | $732041818 |
|  <sup>(1)</sup> Investment shares | 200650869 | 74739080 | 45574578 | 49994890 | 37949291 |
|  <sup>(2)</sup> Investments, at cost | $2053167048 | $1023729095 | $486088299 | $681945268 | $422648021 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **28** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **VP Ptnrs**<br> **Core Bond,**<br> **Cl 2** | **VP Ptnrs**<br> **Core Eq,**<br> **Cl 2** | **VP Ptnrs**<br> **Core Eq,**<br> **Cl 3** | **VP Ptnrs**<br> **Intl Core Eq,**<br> **Cl 2** | **VP Ptnrs**<br> **Intl Gro,**<br> **Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $18540511 | $13034643 | $18107198 | $22017260 | $31174041 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 55 | 40 | 18 | 5766 | 62562 |
|  Receivable for share redemptions | 17834 | 13359 | 65356 | 20004 | 90350 |
|  Total assets | 18558400 | 13048042 | 18172572 | 22043030 | 31326953 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 17070 | 12879 | 14519 | 20004 | 28695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 764 | 480 | 50837 |  | 61655 |
|  Payable for investments purchased | 55 | 40 | 18 | 5766 | 62562 |
|  Total liabilities | 17889 | 13399 | 65374 | 25770 | 152912 |
|  Net assets applicable to contracts in accumulation period | 18539812 | 13033837 | 18088158 | 22016389 | 31173374 |
|  Net assets applicable to contracts in payment period |  |  | 19040 |  |  |
|  Net assets applicable to seed money | 699 | 806 |  | 871 | 667 |
|  Total net assets | $18540511 | $13034643 | $18107198 | $22017260 | $31174041 |
|  <sup>(1)</sup> Investment shares | 1943450 | 293639 | 401045 | 2086944 | 2798388 |
|  <sup>(2)</sup> Investments, at cost | $19909503 | $6299437 | $5210292 | $21854426 | $33012916 |
| **December 31, 2024 (continued)** | **VP Ptnrs**<br> **Intl Val,**<br> **Cl 2** | **VP Ptnrs**<br> **Sm Cap Gro,**<br> **Cl 2** | **VP Ptnrs**<br> **Sm Cap Val,**<br> **Cl 2** | **VP Ptnrs**<br> **Sm Cap Val,**<br> **Cl 3** | **VP US**<br> **Flex Conserv Gro,**<br> **Cl 2** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $24436900 | $19636245 | $11350996 | $44446025 | $304818266 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 326 | 2314 | 2860 | 6072 | 107237 |
|  Receivable for share redemptions | 23049 | 17925 | 12687 | 42527 | 456580 |
|  Total assets | 24460275 | 19656484 | 11366543 | 44494624 | 305382083 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 22973 | 17656 | 10457 | 33839 | 269710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 76 | 269 | 2230 | 8688 | 186870 |
|  Payable for investments purchased | 326 | 2314 | 2860 | 6072 | 107237 |
|  Total liabilities | 23375 | 20239 | 15547 | 48599 | 563817 |
|  Net assets applicable to contracts in accumulation period | 24435945 | 19635751 | 11350621 | 44200800 | 304696419 |
|  Net assets applicable to contracts in payment period |  |  |  | 245225 | 121469 |
|  Net assets applicable to seed money | 955 | 494 | 375 |  | 378 |
|  Total net assets | $24436900 | $19636245 | $11350996 | $44446025 | $304818266 |
|  <sup>(1)</sup> Investment shares | 2407576 | 589323 | 299578 | 1152347 | 20978546 |
|  <sup>(2)</sup> Investments, at cost | $23281484 | $16354134 | $9109320 | $18257665 | $256857870 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **29** |

---

------

**Statements of Assets and Liabilities** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024 (continued)** | **VP US**<br> **Flex Gro,**<br> **Cl 2** | **VP US**<br> **Flex Mod Gro,**<br> **Cl 2** | **Wanger**<br> **Acorn** | **Wanger**<br> **Intl** | **WA Var Global**<br> **Hi Yd Bond,**<br> **Cl II** |
| **Assets** |  |  |  |  |  |
|  Investments, at fair value<sup>(1),(2)</sup> | $4077643635 | $1959030505 | $157104463 | $84296221 | $12852976 |
|  Dividends receivable |  |  |  |  |  |
|  Accounts receivable from RiverSource Life for contract purchase payments | 136115 | 79276 | 63393 | 124089 | 203 |
|  Receivable for share redemptions | 6262010 | 1929812 | 395313 | 70014 | 13313 |
|  Total assets | 4084041760 | 1961039593 | 157563169 | 84490324 | 12866492 |
| **Liabilities** |  |  |  |  |  |
|  Payable to RiverSource Life for: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk fee | 3514507 | 1701815 | 121524 | 66183 | 11795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | 2747503 | 227997 | 273789 | 3831 | 1518 |
|  Payable for investments purchased | 136115 | 79276 | 63393 | 124089 | 203 |
|  Total liabilities | 6398125 | 2009088 | 458706 | 194103 | 13516 |
|  Net assets applicable to contracts in accumulation period | 4077435245 | 1958796189 | 156382534 | 83994040 | 12852020 |
|  Net assets applicable to contracts in payment period | 208159 | 234176 | 721483 | 301711 |  |
|  Net assets applicable to seed money | 231 | 140 | 446 | 470 | 956 |
|  Total net assets | $4077643635 | $1959030505 | $157104463 | $84296221 | $12852976 |
|  <sup>(1)</sup> Investment shares | 213937232 | 117096862 | 10322238 | 4571379 | 2043398 |
|  <sup>(2)</sup> Investments, at cost | $2756800125 | $1419766501 | $206381956 | $112444402 | $14211754 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **30** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

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------

**Statements of Operations** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024** | **AB VPS**<br> **Dyn Asset Alloc,<br>Cl B** | **AB VPS**<br> **Intl Val,<br>Cl B** | **AB VPS**<br> **Lg Cap Gro,<br>Cl B** | **AB VPS**<br> **Relative Val,<br>Cl B** | **AB VPS Sus**<br> **Gbl Thematic,<br>Cl B** |
| **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** |
|  Dividend income | $105176 | $1483863 | $— | $953092 | $— |
|  Variable account expenses | 103909 | 581894 | 1814547 | 675845 | 94147 |
|  Investment income (loss) — net | 1267 | 901969 | (1814547) | 277247 | (94147) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 1038930 | 10247090 | 27115532 | 10879156 | 1709719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 1211886 | 10047521 | 21605181 | 9166341 | 1591936 |
|  Net realized gain (loss) on sales of investments | (172956) | 199569 | 5510351 | 1712815 | 117783 |
|  Distributions from capital gains |  |  | 7655765 | 2681792 | 30172 |
|  Net change in unrealized appreciation (depreciation) of investments | 1016775 | 1571047 | 23389904 | 3663159 | 430748 |
|  Net gain (loss) on investments | 843819 | 1770616 | 36556020 | 8057766 | 578703 |
|  Net increase (decrease) in net assets resulting from operations | $845086 | $2672585 | $34741473 | $8335013 | $484556 |
| **Year ended December 31, 2024 (continued)** | **Allspg VT<br>Index Asset Alloc,<br>Cl 2** | **Allspg VT<br>Opp,<br>Cl 2** | **Allspg VT<br>Sm Cap Gro,<br>Cl 2** | **ALPS Alerian<br>Engy Infr,<br>Class III** | **BlackRock<br>Adv SMID<br>Cap VI,<br>Cl III** |
| **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** |
|  Dividend income | $268124 | $19487 | $— | $1947152 | $33383 |
|  Variable account expenses | 176054 | 387880 | 753845 | 514964 | 21951 |
|  Investment income (loss) — net | 92070 | (368393) | (753845) | 1432188 | 11432 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 2632197 | 7529857 | 13306013 | 8768719 | 590763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 2242467 | 6538137 | 14982261 | 6557842 | 539765 |
|  Net realized gain (loss) on sales of investments | 389730 | 991720 | (1676248) | 2210877 | 50998 |
|  Distributions from capital gains | 1291943 | 4078131 |  | 1565588 |  |
|  Net change in unrealized appreciation (depreciation) of investments | 894102 | 668033 | 14326598 | 10949201 | 154495 |
|  Net gain (loss) on investments | 2575775 | 5737884 | 12650350 | 14725666 | 205493 |
|  Net increase (decrease) in net assets resulting from operations | $2667845 | $5369491 | $11896505 | $16157854 | $216925 |
| **Year ended December 31, 2024 (continued)** | **BlackRock<br>Global Alloc,<br>Cl III** | **BNY Mellon<br>Sus US Eq,<br>Serv** | **Calvert VP<br>SRI Bal,**<br> **Cl F** | **Calvert VP<br>SRI Bal,**<br> **Cl I** | **CB Var<br>Sm Cap Gro,**<br> **Cl I** |
| **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** |
|  Dividend income | $601354 | $12906 | $36946 | $392742 | $— |
|  Variable account expenses | 792265 | 32588 | 19229 | 197514 | 132723 |
|  Investment income (loss) — net | (190911) | (19682) | 17717 | 195228 | (132723) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 12851429 | 377099 | 236838 | 2570766 | 3444603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 13580920 | 309107 | 203797 | 2036585 | 3365562 |
|  Net realized gain (loss) on sales of investments | (729491) | 67992 | 33041 | 534181 | 79041 |
|  Distributions from capital gains | 6304242 | 22193 | 38065 | 404643 | 445104 |
|  Net change in unrealized appreciation (depreciation) of investments | 285867 | 639567 | 198953 | 2724904 | 93764 |
|  Net gain (loss) on investments | 5860618 | 729752 | 270059 | 3663728 | 617909 |
|  Net increase (decrease) in net assets resulting from operations | $5669707 | $710070 | $287776 | $3858956 | $485186 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **31** |

---

------

**Statements of Operations** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Col VP<br>Bal,<br>Cl 2** | **Col VP<br>Bal,<br>Cl 3** | **Col VP**<br> **Commodity**<br> **Strategy,**<br> **Cl 2** | **Col VP**<br> **Contrarian Core,**<br> **Cl 2** | **Col VP**<br> **Disciplined Core,**<br> **Cl 2** |
| **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** |
|  Dividend income | $— | $— | $570074 | $— | $— |
|  Variable account expenses | 1248004 | 6203458 | 173290 | 1759568 | 642863 |
|  Investment income (loss) — net | (1248004) | (6203458) | 396784 | (1759568) | (642863) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 7181984 | 85736344 | 3157348 | 24084232 | 9457655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 6195060 | 47408242 | 4332154 | 12228929 | 5289995 |
|  Net realized gain (loss) on sales of investments | 986924 | 38328102 | (1174806) | 11855303 | 4167660 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 14255922 | 41222318 | 1708788 | 22476459 | 9155799 |
|  Net gain (loss) on investments | 15242846 | 79550420 | 533982 | 34331762 | 13323459 |
|  Net increase (decrease) in net assets resulting from operations | $13994842 | $73346962 | $930766 | $32572194 | $12680596 |
| **Year ended December 31, 2024 (continued)** | **Col VP**<br> **Disciplined Core,**<br> **Cl 3** | **Col VP**<br> **Divd Opp,**<br> **Cl 2** | **Col VP**<br> **Divd Opp,**<br> **Cl 3** | **Col VP**<br> **Emerg Mkts Bond,**<br> **Cl 2** | **Col VP**<br> **Emer Mkts,**<br> **Cl 2** |
| **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** |
|  Dividend income | $— | $— | $— | $469798 | $496539 |
|  Variable account expenses | 3706605 | 1157487 | 3512151 | 96279 | 513372 |
|  Investment income (loss) — net | (3706605) | (1157487) | (3512151) | 373519 | (16833) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 50925147 | 16543833 | 58024282 | 1881082 | 7690816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 12666150 | 11195023 | 18569029 | 2135055 | 11050188 |
|  Net realized gain (loss) on sales of investments | 38258997 | 5348810 | 39455253 | (253973) | (3359372) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 45098081 | 9258358 | 13398052 | 347964 | 5447795 |
|  Net gain (loss) on investments | 83357078 | 14607168 | 52853305 | 93991 | 2088423 |
|  Net increase (decrease) in net assets resulting from operations | $79650473 | $13449681 | $49341154 | $467510 | $2071590 |
| **Year ended December 31, 2024 (continued)** | **Col VP**<br> **Emer Mkts,**<br> **Cl 3** | **Col VP Global**<br> **Strategic Inc,**<br> **Cl 2** | **Col VP Global**<br> **Strategic Inc,**<br> **Cl 3** | **Col VP**<br> **Govt Money Mkt,**<br> **Cl 2** | **Col VP**<br> **Govt Money Mkt,**<br> **Cl 3** |
| **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** |
|  Dividend income | $762552 | $288683 | $1421870 | $6909801 | $6491161 |
|  Variable account expenses | 646537 | 102590 | 397975 | 1602870 | 1302928 |
|  Investment income (loss) — net | 116015 | 186093 | 1023895 | 5306931 | 5188233 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 11123227 | 1829140 | 6897384 | 54811206 | 40633580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 14460403 | 2032382 | 8832994 | 54811206 | 40633249 |
|  Net realized gain (loss) on sales of investments | (3337176) | (203242) | (1935610) |  | 331 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 6156371 | 222312 | 1860596 |  | (331) |
|  Net gain (loss) on investments | 2819195 | 19070 | (75014) |  |  |
|  Net increase (decrease) in net assets resulting from operations | $2935210 | $205163 | $948881 | $5306931 | $5188233 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **32** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Operations** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Col VP**<br> **Hi Yield Bond,<br>Cl 2** | **Col VP**<br> **Hi Yield Bond,<br>Cl 3** | **Col VP**<br> **Inc Opp,**<br> **Cl 2** | **Col VP**<br> **Inc Opp,**<br> **Cl 3** | **Col VP**<br> **Inter Bond,<br>Cl 2** |
| **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** |
|  Dividend income | $2822809 | $6378130 | $1473254 | $3727510 | $3603948 |
|  Variable account expenses | 523480 | 1059640 | 294291 | 641503 | 842302 |
|  Investment income (loss) — net | 2299329 | 5318490 | 1178963 | 3086007 | 2761646 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 7548731 | 17923629 | 4425131 | 11322990 | 10902421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 8043162 | 19136648 | 5017756 | 13871421 | 12318344 |
|  Net realized gain (loss) on sales of investments | (494431) | (1213019) | (592625) | (2548431) | (1415923) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 958915 | 2309965 | 627281 | 2778946 | (951935) |
|  Net gain (loss) on investments | 464484 | 1096946 | 34656 | 230515 | (2367858) |
|  Net increase (decrease) in net assets resulting from operations | $2763813 | $6415436 | $1213619 | $3316522 | $393788 |
| **Year ended December 31, 2024 (continued)** | **Col VP**<br> **Inter Bond,<br>Cl 3** | **Col VP**<br> **Lg Cap Gro,<br>Cl 2** | **Col VP**<br> **Lg Cap Gro,<br>Cl 3** | **Col VP**<br> **Lg Cap Index,<br>Cl 2** | **Col VP**<br> **Lg Cap Index,<br>Cl 3** |
| **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** |
|  Dividend income | $9710896 | $— | $— | $— | $— |
|  Variable account expenses | 1958665 | 1483441 | 1263050 | 1435175 | 5881772 |
|  Investment income (loss) — net | 7752231 | (1483441) | (1263050) | (1435175) | (5881772) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 30332680 | 18533361 | 23758960 | 14304795 | 86966489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 36468994 | 10018806 | 6818381 | 11331344 | 37287668 |
|  Net realized gain (loss) on sales of investments | (6136314) | 8514555 | 16940579 | 2973451 | 49678821 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 161954 | 27597955 | 21916928 | 24836913 | 74659021 |
|  Net gain (loss) on investments | (5974360) | 36112510 | 38857507 | 27810364 | 124337842 |
|  Net increase (decrease) in net assets resulting from operations | $1777871 | $34629069 | $37594457 | $26375189 | $118456070 |
| **Year ended December 31, 2024 (continued)** | **Col VP Limited<br>Duration Cr,<br>Cl 2** | **Col VP Long<br>Govt/Cr Bond,<br>Cl 2** | **Col VP<br>Overseas Core,<br>Cl 2** | **Col VP<br>Overseas Core,<br>Cl 3** | **Col VP Select<br>Lg Cap Eq,**<br> **Cl 2** |
| **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** |
|  Dividend income | $2869847 | $521530 | $1535170 | $2188920 | $— |
|  Variable account expenses | 801015 | 152848 | 392121 | 522349 | 41067 |
|  Investment income (loss) — net | 2068832 | 368682 | 1143049 | 1666571 | (41067) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 20192037 | 6350893 | 6618563 | 7684724 | 296958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 20175762 | 7646370 | 6567978 | 7020881 | 249678 |
|  Net realized gain (loss) on sales of investments | 16275 | (1295477) | 50585 | 663843 | 47280 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 688130 | (57419) | (393855) | (1060522) | 717679 |
|  Net gain (loss) on investments | 704405 | (1352896) | (343270) | (396679) | 764959 |
|  Net increase (decrease) in net assets resulting from operations | $2773237 | $(984214) | $799779 | $1269892 | $723892 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **33** |

---

------

**Statements of Operations** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Col VP Select<br>Lg Cap Val,<br>Cl 2** | **Col VP Select<br>Lg Cap Val,**<br> **Cl 3** | **Col VP Select<br>Mid Cap Gro,**<br> **Cl 2** | **Col VP Select<br>Mid Cap Gro,**<br> **Cl 3** | **Col VP Select<br>Mid Cap Val,**<br> **Cl 2** |
| **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** |
|  Dividend income | $— | $— | $— | $— | $— |
|  Variable account expenses | 753037 | 393375 | 434444 | 719754 | 473398 |
|  Investment income (loss) — net | (753037) | (393375) | (434444) | (719754) | (473398) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 12116234 | 10911954 | 6706930 | 11561188 | 7129021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 8965136 | 6752031 | 4703089 | 3939653 | 4552572 |
|  Net realized gain (loss) on sales of investments | 3151098 | 4159923 | 2003841 | 7621535 | 2576449 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 4920913 | 1026839 | 6371063 | 7326062 | 2351938 |
|  Net gain (loss) on investments | 8072011 | 5186762 | 8374904 | 14947597 | 4928387 |
|  Net increase (decrease) in net assets resulting from operations | $7318974 | $4793387 | $7940460 | $14227843 | $4454989 |
| **Year ended December 31, 2024 (continued)** | **Col VP Select<br>Mid Cap Val,**<br> **Cl 3** | **Col VP Select<br>Sm Cap Val,**<br> **Cl 2** | **Col VP Select<br>Sm Cap Val,**<br> **Cl 3** | **Col VP Sel<br>Gbl Tech,**<br> **Cl 2** | **Col VP Sm<br>Cap Val,**<br> **Cl 2** |
| **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** |
|  Dividend income | $— | $— | $— | $— | $11444 |
|  Variable account expenses | 376451 | 298495 | 257567 | 134842 | 20675 |
|  Investment income (loss) — net | (376451) | (298495) | (257567) | (134842) | (9231) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 6620178 | 4432498 | 5013307 | 2788743 | 218492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 2618936 | 3357966 | 2390699 | 2389646 | 202327 |
|  Net realized gain (loss) on sales of investments | 4001242 | 1074532 | 2622608 | 399097 | 16165 |
|  Distributions from capital gains |  |  |  | 930569 | 94086 |
|  Net change in unrealized appreciation (depreciation) of investments | 770650 | 2315043 | 1131275 | 1771961 | 52246 |
|  Net gain (loss) on investments | 4771892 | 3389575 | 3753883 | 3101627 | 162497 |
|  Net increase (decrease) in net assets resulting from operations | $4395441 | $3091080 | $3496316 | $2966785 | $153266 |
| **Year ended December 31, 2024 (continued)** | **Col VP**<br> **Strategic Inc,**<br> **Cl 2** | **Col VP**<br> **US Govt Mtge,<br>Cl 2** | **Col VP**<br> **US Govt Mtge,<br>Cl 3** | **CS**<br> **Commodity<br>Return,**<br> **Cl 1** | **CTIVP**<br> **AC Div Bond,**<br> **Cl 2** |
| **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** | **Investment income** |
|  Dividend income | $3452315 | $379023 | $1111726 | $326615 | $931760 |
|  Variable account expenses | 864966 | 139756 | 316956 | 101823 | 239841 |
|  Investment income (loss) — net | 2587349 | 239267 | 794770 | 224792 | 691919 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 10496207 | 5464948 | 6953062 | 2021093 | 1905072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 11874668 | 5816040 | 7974970 | 3297257 | 2151840 |
|  Net realized gain (loss) on sales of investments | (1378461) | (351092) | (1021908) | (1276164) | (246768) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 1417597 | 84767 | 408736 | 1474725 | (335103) |
|  Net gain (loss) on investments | 39136 | (266325) | (613172) | 198561 | (581871) |
|  Net increase (decrease) in net assets resulting from operations | $2626485 | $(27058) | $181598 | $423353 | $110048 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **34** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Operations** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **CTIVP BR Gl<br>Infl Prot Sec,** <br> **Cl 2** | **CTIVP BR Gl<br>Infl Prot Sec,** <br> **Cl 3** | **CTIVP<br>CenterSquare<br>Real Est,** <br> **Cl 2** | **CTIVP<br>MFS Val,**<br> **Cl 2** | **CTIVP Prin<br>Blue Chip Gro,**<br> **Cl 1** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $335744 | $793167 | $530144 | $— | $— |
|  Variable account expenses | 208381 | 386258 | 241921 | 892659 | 1059464 |
|  Investment income (loss) — net | 127363 | 406909 | 288223 | (892659) | (1059464) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 4995874 | 8351102 | 3933064 | 12508107 | 21934318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 6250295 | 11661564 | 4876951 | 8129515 | 7834048 |
|  Net realized gain (loss) on sales of investments | (1254421) | (3310462) | (943887) | 4378592 | 14100270 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 681712 | 2088873 | 2528174 | 4272879 | 8102016 |
|  Net gain (loss) on investments | (572709) | (1221589) | 1584287 | 8651471 | 22202286 |
|  Net increase (decrease) in net assets resulting from operations | $(445346) | $(814680) | $1872510 | $7758812 | $21142822 |
| **Year ended December 31, 2024 (continued)** | **CTIVP Prin<br>Blue Chip Gro,**<br> **Cl 2** | **CTIVP T Rowe<br>Price LgCap Val,**<br> **Cl 2** | **CTIVP TCW<br>Core Plus Bond,**<br> **Cl 2** | **CTIVP Vty<br>Sycamore<br>Estb Val,**<br> **Cl 2** | **CTIVP Vty<br>Sycamore<br>Estb Val,**<br> **Cl 3** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $— | $— | $784927 | $— | $— |
|  Variable account expenses | 644412 | 495265 | 216212 | 757933 | 408925 |
|  Investment income (loss) — net | (644412) | (495265) | 568715 | (757933) | (408925) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 8885250 | 6450553 | 3166502 | 10174344 | 7723726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 4986352 | 4471798 | 3471392 | 6528668 | 4121291 |
|  Net realized gain (loss) on sales of investments | 3898898 | 1978755 | (304890) | 3645676 | 3602435 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 7354326 | 2907196 | (419123) | 2720226 | 562246 |
|  Net gain (loss) on investments | 11253224 | 4885951 | (724013) | 6365902 | 4164681 |
|  Net increase (decrease) in net assets resulting from operations | $10608812 | $4390686 | $(155298) | $5607969 | $3755756 |
| **Year ended December 31, 2024 (continued)** | **CTIVP**<br> **Westfield** <br> **Mid Cap Gro,**<br> **Cl 2** | **CTIVP** <br> **Westfield** <br> **Sel Lg Cp Gr,**<br> **Cl 2** | **CVT EAFE<br>Intl Index,**<br> **Cl F** | **CVT Nasdaq**<br> **100 Index,**<br> **Cl F** | **CVT Russ 2000**<br> **Sm Cap Ind,**<br> **Cl F** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $— | $— | $122858 | $63823 | $107042 |
|  Variable account expenses | 320093 | 280893 | 37937 | 155912 | 69544 |
|  Investment income (loss) — net | (320093) | (280893) | 84921 | (92089) | 37498 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 6648731 | 5525735 | 475237 | 2051785 | 930903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 4052723 | 4803408 | 416620 | 1722326 | 838344 |
|  Net realized gain (loss) on sales of investments | 2596008 | 722327 | 58617 | 329459 | 92559 |
|  Distributions from capital gains |  |  |  | 1254779 | 173163 |
|  Net change in unrealized appreciation (depreciation) of investments | 2168361 | 5424960 | (132221) | 1559184 | 282331 |
|  Net gain (loss) on investments | 4764369 | 6147287 | (73604) | 3143422 | 548053 |
|  Net increase (decrease) in net assets resulting from operations | $4444276 | $5866394 | $11317 | $3051333 | $585551 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **35** |

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------

**Statements of Operations** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **DWS Alt Asset**<br> **Alloc VIP,**<br> **Cl B** | **EV VT**<br> **Floating-Rate Inc,<br>Init Cl** | **Fid VIP**<br> **Contrafund,**<br> **Serv Cl 2** | **Fid VIP**<br> **Emer Mkts,**<br> **Serv Cl 2** | **Fid VIP**<br> **Energy,**<br> **Serv Cl 2** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $522411 | $6190712 | $192466 | $29174 | $57287 |
|  Variable account expenses | 163242 | 750536 | 5918335 | 22490 | 27424 |
|  Investment income (loss) — net | 359169 | 5440176 | (5725869) | 6684 | 29863 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 3268508 | 14093668 | 86893690 | 633071 | 460762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 3410242 | 14772073 | 54476408 | 553158 | 427758 |
|  Net realized gain (loss) on sales of investments | (141734) | (678405) | 32417282 | 79913 | 33004 |
|  Distributions from capital gains | 9195 |  | 72032556 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 436082 | 347882 | 59313515 | 83672 | (4938) |
|  Net gain (loss) on investments | 303543 | (330523) | 163763353 | 163585 | 28066 |
|  Net increase (decrease) in net assets resulting from operations | $662712 | $5109653 | $158037484 | $170269 | $57929 |
| **Year ended December 31, 2024 (continued)** | **Fid VIP<br>Gro & Inc,<br>Serv Cl** | **Fid VIP**<br> **Gro & Inc,**<br> **Serv Cl 2** | **Fid VIP<br>Gro Opp,<br>Serv Cl 2** | **Fid VIP Intl<br>Cap Appr,<br>Serv Cl 2** | **Fid VIP<br>Invest Gr,<br>Serv Cl 2** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $569869 | $1339756 | $— | $47087 | $468594 |
|  Variable account expenses | 360097 | 933371 | 177258 | 61961 | 113719 |
|  Investment income (loss) — net | 209772 | 406385 | (177258) | (14874) | 354875 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 6972689 | 13691421 | 1850534 | 933512 | 989315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 4229101 | 8334084 | 1406014 | 803412 | 974087 |
|  Net realized gain (loss) on sales of investments | 2743588 | 5357337 | 444520 | 130100 | 15228 |
|  Distributions from capital gains | 2782505 | 7241346 |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 2377045 | 6708229 | 4551818 | 122941 | (336484) |
|  Net gain (loss) on investments | 7903138 | 19306912 | 4996338 | 253041 | (321256) |
|  Net increase (decrease) in net assets resulting from operations | $8112910 | $19713297 | $4819080 | $238167 | $33619 |
| **Year ended December 31, 2024 (continued)** | **Fid VIP<br>Mid Cap,**<br> **Serv Cl** | **Fid VIP**<br> **Mid Cap,**<br> **Serv Cl 2** | **Fid VIP<br>Overseas,**<br> **Serv Cl** | **Fid VIP<br>Overseas,**<br> **Serv Cl 2** | **Fid VIP<br>Strategic Inc,<br>Serv Cl 2** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $295345 | $1216869 | $156796 | $598806 | $6504848 |
|  Variable account expenses | 548860 | 3414755 | 82159 | 390425 | 1757327 |
|  Investment income (loss) — net | (253515) | (2197886) | 74637 | 208381 | 4747521 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 8987821 | 47727491 | 1438952 | 5791559 | 23120404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 7064862 | 40554341 | 1075551 | 4351860 | 24144985 |
|  Net realized gain (loss) on sales of investments | 1922959 | 7173150 | 363401 | 1439699 | (1024581) |
|  Distributions from capital gains | 8191569 | 47308274 | 445533 | 1969697 |  |
|  Net change in unrealized appreciation (depreciation) of investments | (146038) | 262410 | (491691) | (2023394) | 4168958 |
|  Net gain (loss) on investments | 9968490 | 54743834 | 317243 | 1386002 | 3144377 |
|  Net increase (decrease) in net assets resulting from operations | $9714975 | $52545948 | $391880 | $1594383 | $7891898 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **36** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

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------

**Statements of Operations** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Frank Global**<br> **Real Est,**<br> **Cl 2** | **Frank**<br> **Inc,**<br> **Cl 2** | **Frank**<br> **Inc,**<br> **Cl 4** | **Frank Mutual**<br> **Gbl Dis,**<br> **Cl 4** | **Frank Mutual**<br> **Shares,**<br> **Cl 2** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $803238 | $3125426 | $466738 | $9725 | $1219589 |
|  Variable account expenses | 387063 | 644356 | 84881 | 5737 | 609661 |
|  Investment income (loss) — net | 416175 | 2481070 | 381857 | 3988 | 609928 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 6504066 | 11907728 | 1491452 | 19557 | 10051330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 8471421 | 12470613 | 1483145 | 18331 | 10306500 |
|  Net realized gain (loss) on sales of investments | (1967355) | (562885) | 8307 | 1226 | (255170) |
|  Distributions from capital gains |  | 256069 | 38900 | 44199 | 1268270 |
|  Net change in unrealized appreciation (depreciation) of investments | 1015447 | 1370654 | 12494 | (32473) | 4555926 |
|  Net gain (loss) on investments | (951908) | 1063838 | 59701 | 12952 | 5569026 |
|  Net increase (decrease) in net assets resulting from operations | $(535733) | $3544908 | $441558 | $16940 | $6178954 |
| **Year ended December 31, 2024 (continued)** | **Frank**<br> **Sm Cap Val,**<br> **Cl 2** | **Frank**<br> **Sm Cap Val,**<br> **Cl 4** | **GS VIT<br>Mid Cap Val,**<br> **Inst** | **GS VIT<br>Multi-Strategy Alt,**<br> **Advisor** | **GS VIT<br>Multi-Strategy Alt,**<br> **Serv** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $1050457 | $29804 | $1041540 | $239664 | $44018 |
|  Variable account expenses | 1094363 | 40742 | 918155 | 100814 | 13575 |
|  Investment income (loss) — net | (43906) | (10938) | 123385 | 138850 | 30443 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 19027647 | 465965 | 16269346 | 1426413 | 49531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 20072020 | 444760 | 14775901 | 1448894 | 48959 |
|  Net realized gain (loss) on sales of investments | (1044373) | 21205 | 1493445 | (22481) | 572 |
|  Distributions from capital gains | 2596381 | 80915 | 5954818 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 9878323 | 274331 | 3953693 | 71972 | (4619) |
|  Net gain (loss) on investments | 11430331 | 376451 | 11401956 | 49491 | (4047) |
|  Net increase (decrease) in net assets resulting from operations | $11386425 | $365513 | $11525341 | $188341 | $26396 |
| **Year ended December 31, 2024 (continued)** | **GS VIT Sm Cap<br>Eq Insights,<br>Inst** | **GS VIT Sm Cap<br>Eq Insights,<br>Serv** | **GS VIT U.S.<br>Eq Insights,<br>Inst** | **Invesco VI**<br> **Am Fran,**<br> **Ser I** | **Invesco VI**<br> **Am Fran,**<br> **Ser II** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $48279 | $18616 | $625008 | $— | $— |
|  Variable account expenses | 41885 | 17470 | 875377 | 120996 | 393471 |
|  Investment income (loss) — net | 6394 | 1146 | (250369) | (120996) | (393471) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 604084 | 166301 | 17836094 | 2440493 | 10057180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 541084 | 144165 | 12989774 | 1807088 | 8044598 |
|  Net realized gain (loss) on sales of investments | 63000 | 22136 | 4846320 | 633405 | 2012582 |
|  Distributions from capital gains | 399162 | 197638 | 13502553 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 353411 | (5564) | 5706489 | 3668159 | 11105866 |
|  Net gain (loss) on investments | 815573 | 214210 | 24055362 | 4301564 | 13118448 |
|  Net increase (decrease) in net assets resulting from operations | $821967 | $215356 | $23804993 | $4180568 | $12724977 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **37** |

---

------

**Statements of Operations** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Invesco VI Bal**<br> **Risk Alloc,**<br> **Ser II** | **Invesco VI**<br> **Comstock,<br>Ser II** | **Invesco VI**<br> **Core Eq,<br>Ser I** | **Invesco VI**<br> **Core Plus Bond,<br>Ser II** | **Invesco VI Dis**<br> **Mid Cap Gro,**<br> **Ser I** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $1626965 | $1479255 | $504888 | $233986 | $— |
|  Variable account expenses | 296998 | 902511 | 925414 | 56554 | 147716 |
|  Investment income (loss) — net | 1329967 | 576744 | (420526) | 177432 | (147716) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 5764844 | 16330949 | 9378794 | 820472 | 2373391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 6655621 | 12315687 | 7601838 | 796394 | 2444724 |
|  Net realized gain (loss) on sales of investments | (890777) | 4015262 | 1776956 | 24078 | (71333) |
|  Distributions from capital gains |  | 6938696 | 6063473 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 342932 | 1298638 | 8169956 | (133924) | 3772817 |
|  Net gain (loss) on investments | (547845) | 12252596 | 16010385 | (109846) | 3701484 |
|  Net increase (decrease) in net assets resulting from operations | $782122 | $12829340 | $15589859 | $67586 | $3553768 |
| **Year ended December 31, 2024 (continued)** | **Invesco VI Dis<br>Mid Cap Gro,<br>Ser II** | **Invesco VI<br>Div Divd,<br>Ser I** | **Invesco VI<br>Div Divd,<br>Ser II** | **Invesco VI<br>EQV Intl Eq,**<br> **Ser II** | **Invesco VI<br>Global,**<br> **Ser II** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $— | $326737 | $151949 | $551061 | $— |
|  Variable account expenses | 102137 | 156367 | 95029 | 332412 | 1285518 |
|  Investment income (loss) — net | (102137) | 170370 | 56920 | 218649 | (1285518) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 1800452 | 3034996 | 1796434 | 5921172 | 19952910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 1984958 | 2691859 | 1632206 | 5309641 | 18604724 |
|  Net realized gain (loss) on sales of investments | (184506) | 343137 | 164228 | 611531 | 1348186 |
|  Distributions from capital gains |  | 695432 | 370386 | 190831 | 7673292 |
|  Net change in unrealized appreciation (depreciation) of investments | 2483478 | 845085 | 459332 | (1097519) | 9859143 |
|  Net gain (loss) on investments | 2298972 | 1883654 | 993946 | (295157) | 18880621 |
|  Net increase (decrease) in net assets resulting from operations | $2196835 | $2054024 | $1050866 | $(76508) | $17595103 |
| **Year ended December 31, 2024 (continued)** | **Invesco VI<br>Gbl Strat Inc,**<br> **Ser II** | **Invesco VI<br>Hlth,**<br> **Ser II** | **Invesco VI<br>Main St,**<br> **Ser II** | **Invesco VI<br>Mn St Sm Cap,**<br> **Ser II** | **Invesco VI<br>Tech,**<br> **Ser I** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $3173343 | $— | $— | $— | $— |
|  Variable account expenses | 1109887 | 298755 | 24324 | 1045761 | 239661 |
|  Investment income (loss) — net | 2063456 | (298755) | (24324) | (1045761) | (239661) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 16128526 | 6836681 | 490584 | 14235743 | 4896207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 18565970 | 6720995 | 540851 | 11965077 | 4232793 |
|  Net realized gain (loss) on sales of investments | (2437444) | 115686 | (50267) | 2270666 | 663414 |
|  Distributions from capital gains |  |  | 252993 | 3865240 | 1196041 |
|  Net change in unrealized appreciation (depreciation) of investments | 2496003 | 1450496 | 309843 | 5925127 | 6251697 |
|  Net gain (loss) on investments | 58559 | 1566182 | 512569 | 12061033 | 8111152 |
|  Net increase (decrease) in net assets resulting from operations | $2122015 | $1267427 | $488245 | $11015272 | $7871491 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **38** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

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------

**Statements of Operations** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Invesco VI**<br> **Tech,**<br> **Ser II** | **Janus**<br> **Henderson<br>VIT Bal,**<br> **Serv** | **Janus**<br> **Henderson<br>VIT Enter,<br>Serv** | **Janus**<br> **Henderson<br>VIT Flex Bd,<br>Serv** | **Janus**<br> **Henderson<br>VIT Forty,**<br> **Serv** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $— | $2630844 | $92015 | $2576897 | $380 |
|  Variable account expenses | 59436 | 1546662 | 121876 | 602654 | 42345 |
|  Investment income (loss) — net | (59436) | 1084182 | (29861) | 1974243 | (41965) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 638169 | 18058219 | 2283765 | 9316713 | 683597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 517536 | 14886213 | 1793882 | 10392782 | 548539 |
|  Net realized gain (loss) on sales of investments | 120633 | 3172006 | 489883 | (1076069) | 135058 |
|  Distributions from capital gains | 336090 |  | 645600 |  | 230666 |
|  Net change in unrealized appreciation (depreciation) of investments | 1106935 | 14496416 | 866155 | (561998) | 483877 |
|  Net gain (loss) on investments | 1563658 | 17668422 | 2001638 | (1638067) | 849601 |
|  Net increase (decrease) in net assets resulting from operations | $1504222 | $18752604 | $1971777 | $336176 | $807636 |
| **Year ended December 31, 2024 (continued)** | **Janus Hend**<br> **VIT Gbl<br>Tech Innov,**<br> **Srv** | **Janus**<br> **Henderson<br>VIT Overseas,<br>Serv** | **Janus**<br> **Henderson<br>VIT Res,<br>Serv** | **Lazard Ret<br>Emer Mkts Eq,<br>Serv** | **Lazard Ret<br>Global Dyn MA,<br>Serv** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $— | $301830 | $— | $26299 | $— |
|  Variable account expenses | 348445 | 196544 | 687626 | 6735 | 102527 |
|  Investment income (loss) — net | (348445) | 105286 | (687626) | 19564 | (102527) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 5564327 | 2797614 | 11656878 | 43590 | 1888642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 3296045 | 2302392 | 7867878 | 40925 | 1882371 |
|  Net realized gain (loss) on sales of investments | 2268282 | 495222 | 3789000 | 2665 | 6271 |
|  Distributions from capital gains |  |  | 2032906 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 8358473 | 245091 | 13959345 | 6212 | 806280 |
|  Net gain (loss) on investments | 10626755 | 740313 | 19781251 | 8877 | 812551 |
|  Net increase (decrease) in net assets resulting from operations | $10278310 | $845599 | $19093625 | $28441 | $710024 |
| **Year ended December 31, 2024 (continued)** | **Lord Abt<br>Bond Debenture,**<br> **Cl VC** | **Lord Abt<br>Short Dur Inc,<br>Cl VC** | **LVIP AC**<br> **Intl,**<br> **Serv Cl** | **LVIP AC**<br> **Intl,**<br> **Std Cl II** | **LVIP AC**<br> **Mid Cap Val,<br>Serv Cl** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $356128 | $567127 | $227145 | $98428 | $884815 |
|  Variable account expenses | 51122 | 108244 | 149980 | 51865 | 362179 |
|  Investment income (loss) — net | 305006 | 458883 | 77165 | 46563 | 522636 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 647654 | 1382967 | 2293000 | 953211 | 7212651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 643296 | 1378221 | 2017809 | 865396 | 6957888 |
|  Net realized gain (loss) on sales of investments | 4358 | 4746 | 275191 | 87815 | 254763 |
|  Distributions from capital gains |  |  |  |  | 1780581 |
|  Net change in unrealized appreciation (depreciation) of investments | (55575) | (44316) | (56612) | (6493) | 176601 |
|  Net gain (loss) on investments | (51217) | (39570) | 218579 | 81322 | 2211945 |
|  Net increase (decrease) in net assets resulting from operations | $253789 | $419313 | $295744 | $127885 | $2734581 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **39** |

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------

**Statements of Operations** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **LVIP AC**<br> **Ultra,**<br> **Serv Cl** | **LVIP AC**<br> **Val,**<br> **Serv Cl** | **LVIP AC**<br> **Val,**<br> **Std Cl II** | **LVIP JPM**<br> **US Eq,**<br> **Serv Cl** | **Mac VIP**<br> **Asset Strategy,**<br> **Serv Cl** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $— | $4756917 | $760164 | $16085 | $236806 |
|  Variable account expenses | 483907 | 1720691 | 226461 | 45849 | 132291 |
|  Investment income (loss) — net | (483907) | 3036226 | 533703 | (29764) | 104515 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 12424452 | 29993783 | 4971681 | 533430 | 2484081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 9054343 | 24003850 | 3654728 | 423881 | 2586435 |
|  Net realized gain (loss) on sales of investments | 3370109 | 5989933 | 1316953 | 109549 | (102354) |
|  Distributions from capital gains | 4563151 | 10090398 | 1563403 | 196533 | 474237 |
|  Net change in unrealized appreciation (depreciation) of investments | 5090019 | (5140814) | (1189346) | 572959 | 892322 |
|  Net gain (loss) on investments | 13023279 | 10939517 | 1691010 | 879041 | 1264205 |
|  Net increase (decrease) in net assets resulting from operations | $12539372 | $13975743 | $2224713 | $849277 | $1368720 |
| **Year ended December 31, 2024 (continued)** | **Mac VIP**<br> **for Inc,**<br> **Serv Cl** | **Mac VIP**<br> **Intl Core Eq,<br>Serv Cl<sup>(1)</sup>** | **MFS Gbl**<br> **Real Est,**<br> **Serv Cl** | **MFS**<br> **Intl Gro,**<br> **Serv Cl** | **MFS Mass**<br> **Inv Gro Stock,**<br> **Serv Cl** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $99746 | $13426 | $23532 | $36686 | $90640 |
|  Variable account expenses | 14089 | 8023 | 13851 | 43441 | 639819 |
|  Investment income (loss) — net | 85657 | 5403 | 9681 | (6755) | (549179) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 96259 | 89319 | 388655 | 798314 | 12160413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 95576 | 88521 | 381280 | 727515 | 10344702 |
|  Net realized gain (loss) on sales of investments | 683 | 798 | 7375 | 70799 | 1815711 |
|  Distributions from capital gains |  | 2430 |  | 14407 | 6306139 |
|  Net change in unrealized appreciation (depreciation) of investments | (11902) | (30159) | (58666) | 156293 | 2370596 |
|  Net gain (loss) on investments | (11219) | (26931) | (51291) | 241499 | 10492446 |
|  Net increase (decrease) in net assets resulting from operations | $74438 | $(21528) | $(41610) | $234744 | $9943267 |

---

<sup>(1)</sup> For the period April 26, 2024 (commencement of operations) to December 31, 2024.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **MFS**<br> **New Dis,**<br> **Serv Cl** | **MFS**<br> **Research Intl,**<br> **Serv Cl** | **MFS**<br> **Utilities,**<br> **Serv Cl** | **MS**<br> **VIF Dis,**<br> **Cl II** | **NB AMT**<br> **Sus Eq,**<br> **Cl S** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $— | $35981 | $2641326 | $— | $— |
|  Variable account expenses | 249928 | 25701 | 1244175 | 696093 | 196056 |
|  Investment income (loss) — net | (249928) | 10280 | 1397151 | (696093) | (196056) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 4981865 | 538368 | 24956693 | 17058234 | 3258635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 6699185 | 491121 | 22513477 | 31498651 | 2270929 |
|  Net realized gain (loss) on sales of investments | (1717320) | 47247 | 2443216 | (14440417) | 987706 |
|  Distributions from capital gains |  |  | 3677529 |  | 913000 |
|  Net change in unrealized appreciation (depreciation) of investments | 3573226 | (48743) | 5021507 | 38863121 | 2384577 |
|  Net gain (loss) on investments | 1855906 | (1496) | 11142252 | 24422704 | 4285283 |
|  Net increase (decrease) in net assets resulting from operations | $1605978 | $8784 | $12539403 | $23726611 | $4089227 |

---

See accompanying notes to financial statements.

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| | |
|:---|:---|
| **40** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

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------

**Statements of Operations** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **PIMCO VIT**<br> **All Asset,<br>Advisor Cl** | **PIMCO VIT**<br> **Glb Man As Alloc,**<br> **Adv Cl** | **PIMCO VIT**<br> **Tot Return,**<br> **Advisor Cl** | **Put VT**<br> **Global Hlth Care,**<br> **Cl IB** | **Put VT**<br> **Intl Eq,**<br> **Cl IB** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $3010591 | $190659 | $2593171 | $121161 | $220171 |
|  Variable account expenses | 477765 | 60174 | 672476 | 232449 | 88986 |
|  Investment income (loss) — net | 2532826 | 130485 | 1920695 | (111288) | 131185 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 9071134 | 913296 | 6542011 | 4540323 | 1586310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 10447038 | 1039143 | 7345223 | 4105499 | 1394245 |
|  Net realized gain (loss) on sales of investments | (1375904) | (125847) | (803212) | 434824 | 192065 |
|  Distributions from capital gains |  |  |  | 1115876 |  |
|  Net change in unrealized appreciation (depreciation) of investments | 81869 | 501357 | (212165) | (1263780) | (90246) |
|  Net gain (loss) on investments | (1294035) | 375510 | (1015377) | 286920 | 101819 |
|  Net increase (decrease) in net assets resulting from operations | $1238791 | $505995 | $905318 | $175632 | $233004 |
| **Year ended December 31, 2024 (continued)** | **Put VT**<br> **Intl Val,**<br> **Cl IB** | **Put VT**<br> **Lg Cap Val,**<br> **Cl IB** | **Put VT**<br> **Sus Fut,<br>Cl IB** | **Put VT**<br> **Sus Leaders,**<br> **Cl IA** | **Put VT**<br> **Sus Leaders,**<br> **Cl IB** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $75030 | $110365 | $— | $327860 | $79321 |
|  Variable account expenses | 34925 | 126660 | 20208 | 1080410 | 334726 |
|  Investment income (loss) — net | 40105 | (16295) | (20208) | (752550) | (255405) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 365200 | 651327 | 130220 | 9962514 | 6347509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 327176 | 576375 | 109562 | 6438472 | 4410465 |
|  Net realized gain (loss) on sales of investments | 38024 | 74952 | 20658 | 3524042 | 1937044 |
|  Distributions from capital gains | 8842 | 449212 |  | 540328 | 257140 |
|  Net change in unrealized appreciation (depreciation) of investments | 17085 | 1002122 | 249844 | 13180334 | 5612632 |
|  Net gain (loss) on investments | 63951 | 1526286 | 270502 | 17244704 | 7806816 |
|  Net increase (decrease) in net assets resulting from operations | $104056 | $1509991 | $250294 | $16492154 | $7551411 |
| **Year ended December 31, 2024 (continued)** | **Royce**<br> **Micro-Cap,**<br> **Invest Cl** | **Temp**<br> **Global Bond,**<br> **Cl 2** | **Third Ave**<br> **VST Third**<br> **Ave Value** | **VanEck VIP**<br> **Global Gold,**<br> **Cl S** | **VP**<br> **Aggr,**<br> **Cl 2** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $— | $— | $267037 | $965330 | $— |
|  Variable account expenses | 89411 | 158618 | 90592 | 345703 | 8026953 |
|  Investment income (loss) — net | (89411) | (158618) | 176445 | 619627 | (8026953) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 1538434 | 3883507 | 1758985 | 5717076 | 145366371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 1451211 | 4955267 | 1274513 | 5268475 | 77223128 |
|  Net realized gain (loss) on sales of investments | 87223 | (1071760) | 484472 | 448601 | 68143243 |
|  Distributions from capital gains | 723617 |  | 816604 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 543447 | (728254) | (1709023) | 2738341 | 31699675 |
|  Net gain (loss) on investments | 1354287 | (1800014) | (407947) | 3186942 | 99842918 |
|  Net increase (decrease) in net assets resulting from operations | $1264876 | $(1958632) | $(231502) | $3806569 | $91815965 |

---

See accompanying notes to financial statements.

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| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **41** |

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------

**Statements of Operations** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **VP**<br> **Aggr,**<br> **Cl 4** | **VP**<br> **Conserv,**<br> **Cl 2** | **VP**<br> **Conserv,**<br> **Cl 4** | **VP**<br> **Man Risk,**<br> **Cl 2** | **VP Man**<br> **Risk US,**<br> **Cl 2** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $— | $— | $— | $— | $— |
|  Variable account expenses | 4056955 | 4350273 | 2667175 | 2329010 | 3753904 |
|  Investment income (loss) — net | (4056955) | (4350273) | (2667175) | (2329010) | (3753904) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 69245430 | 87502073 | 52717635 | 25943972 | 44682247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 26747515 | 77980351 | 42537179 | 21478986 | 35523917 |
|  Net realized gain (loss) on sales of investments | 42497915 | 9521722 | 10180456 | 4464986 | 9158330 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 11955777 | 8883337 | 1862656 | 16684213 | 32661890 |
|  Net gain (loss) on investments | 54453692 | 18405059 | 12043112 | 21149199 | 41820220 |
|  Net increase (decrease) in net assets resulting from operations | $50396737 | $14054786 | $9375937 | $18820189 | $38066316 |
| **Year ended December 31, 2024 (continued)** | **VP Man**<br> **Vol Conserv,**<br> **Cl 2** | **VP Man**<br> **Vol Conserv Gro,<br>Cl 2** | **VP Man**<br> **Vol Gro,**<br> **Cl 2** | **VP Man**<br> **Vol Mod Gro,<br>Cl 2** | **VP**<br> **Mod,**<br> **Cl 2** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $— | $— | $— | $— | $— |
|  Variable account expenses | 5206582 | 10753152 | 104958557 | 112400625 | 65459349 |
|  Investment income (loss) — net | (5206582) | (10753152) | (104958557) | (112400625) | (65459349) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 104341889 | 170783296 | 1264058847 | 1573166727 | 760368878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 97016667 | 136474159 | 812839246 | 1026885588 | 432765143 |
|  Net realized gain (loss) on sales of investments | 7325222 | 34309137 | 451219601 | 546281139 | 327603735 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 14048642 | 36000535 | 753928556 | 472716383 | 222921151 |
|  Net gain (loss) on investments | 21373864 | 70309672 | 1205148157 | 1018997522 | 550524886 |
|  Net increase (decrease) in net assets resulting from operations | $16167282 | $59556520 | $1100189600 | $906596897 | $485065537 |
| **Year ended December 31, 2024 (continued)** | **VP**<br> **Mod,**<br> **Cl 4** | **VP**<br> **Mod Aggr,**<br> **Cl 2** | **VP**<br> **Mod Aggr,**<br> **Cl 4** | **VP**<br> **Mod Conserv,**<br> **Cl 2** | **VP**<br> **Mod Conserv,**<br> **Cl 4** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $— | $— | $— | $— | $— |
|  Variable account expenses | 46316129 | 21107369 | 12162294 | 10198913 | 7584579 |
|  Investment income (loss) — net | (46316129) | (21107369) | (12162294) | (10198913) | (7584579) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 678720711 | 364670113 | 206847003 | 162265452 | 133931167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 305820122 | 187294169 | 82805631 | 117317081 | 78444413 |
|  Net realized gain (loss) on sales of investments | 372900589 | 177375944 | 124041372 | 44948371 | 55486754 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 38556030 | 44665239 | 12779260 | 17315224 | (6097511) |
|  Net gain (loss) on investments | 411456619 | 222041183 | 136820632 | 62263595 | 49389243 |
|  Net increase (decrease) in net assets resulting from operations | $365140490 | $200933814 | $124658338 | $52064682 | $41804664 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **42** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Operations** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **VP Ptnrs**<br> **Core Bond,**<br> **Cl 2** | **VP Ptnrs**<br> **Core Eq,**<br> **Cl 2** | **VP Ptnrs**<br> **Core Eq,**<br> **Cl 3** | **VP Ptnrs**<br> **Intl Core<br>Eq,**<br> **Cl 2** | **VP Ptnrs**<br> **Intl Gro,**<br> **Cl 2** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $608318 | $— | $— | $232709 | $155970 |
|  Variable account expenses | 185845 | 142462 | 172062 | 228142 | 356205 |
|  Investment income (loss) — net | 422473 | (142462) | (172062) | 4567 | (200235) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 2742632 | 2272061 | 4384627 | 3365557 | 5396977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 2948143 | 1046424 | 1332405 | 3346164 | 5407053 |
|  Net realized gain (loss) on sales of investments | (205511) | 1225637 | 3052222 | 19393 | (10076) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | (51647) | 1330278 | 880559 | 867924 | (508177) |
|  Net gain (loss) on investments | (257158) | 2555915 | 3932781 | 887317 | (518253) |
|  Net increase (decrease) in net assets resulting from operations | $165315 | $2413453 | $3760719 | $891884 | $(718488) |
| **Year ended December 31, 2024 (continued)** | **VP Ptnrs**<br> **Intl Val,**<br> **Cl 2** | **VP Ptnrs**<br> **Sm Cap Gro,**<br> **Cl 2** | **VP Ptnrs**<br> **Sm Cap Val,<br>Cl 2** | **VP Ptnrs**<br> **Sm Cap Val,<br>Cl 3** | **VP US**<br> **Flex Conserv Gro,**<br> **Cl 2** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $638743 | $— | $— | $— | $— |
|  Variable account expenses | 270922 | 189257 | 118509 | 401373 | 3132725 |
|  Investment income (loss) — net | 367821 | (189257) | (118509) | (401373) | (3132725) |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 3635765 | 2751348 | 2105271 | 6971546 | 60297378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 3407684 | 2373355 | 1773831 | 2980337 | 52303154 |
|  Net realized gain (loss) on sales of investments | 228081 | 377993 | 331440 | 3991209 | 7994224 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 186517 | 2594585 | 486629 | (562188) | 19816496 |
|  Net gain (loss) on investments | 414598 | 2972578 | 818069 | 3429021 | 27810720 |
|  Net increase (decrease) in net assets resulting from operations | $782419 | $2783321 | $699560 | $3027648 | $24677995 |
| **Year ended December 31, 2024 (continued)** | **VP US**<br> **Flex Gro,**<br> **Cl 2** | **VP US**<br> **Flex Mod Gro,**<br> **Cl 2** | **Wanger**<br> **Acorn** | **Wanger**<br> **Intl** | **WA Var Global**<br> **Hi Yd Bond,**<br> **Cl II** |
| **Investment income** |  |  |  |  |  |
|  Dividend income | $— | $— | $— | $1328318 | $731147 |
|  Variable account expenses | 39443916 | 19466946 | 1417555 | 867194 | 128741 |
|  Investment income (loss) — net | (39443916) | (19466946) | (1417555) | 461124 | 602406 |
| **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** | **Realized and unrealized gain (loss) on investments — net** |  |  |  |
|  Realized gain (loss) on sales of investments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 309295034 | 189851790 | 26615924 | 15930651 | 1704726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments sold | 219414219 | 143678208 | 37168604 | 19785879 | 1896597 |
|  Net realized gain (loss) on sales of investments | 89880815 | 46173582 | (10552680) | (3855228) | (191871) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 528831932 | 193570643 | 31718697 | (5260087) | 252609 |
|  Net gain (loss) on investments | 618712747 | 239744225 | 21166017 | (9115315) | 60738 |
|  Net increase (decrease) in net assets resulting from operations | $579268831 | $220277279 | $19748462 | $(8654191) | $663144 |

---

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **43** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024** | **AB VPS**<br> **Dyn Asset Alloc,**<br> **Cl B** | **AB VPS**<br> **Intl Val,**<br> **Cl B** | **AB VPS**<br> **Lg Cap Gro,**<br> **Cl B** | **AB VPS**<br> **Relative Val,**<br> **Cl B** | **AB VPS Sus**<br> **Gbl Thematic,**<br> **Cl B** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $1267 | $901969 | $(1814547) | $277247 | $(94147) |
|  Net realized gain (loss) on sales of investments | (172956) | 199569 | 5510351 | 1712815 | 117783 |
|  Distributions from capital gains |  |  | 7655765 | 2681792 | 30172 |
|  Net change in unrealized appreciation (depreciation) of investments | 1016775 | 1571047 | 23389904 | 3663159 | 430748 |
|  Net increase (decrease) in net assets resulting from operations | 845086 | 2672585 | 34741473 | 8335013 | 484556 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 132788 | 579300 | 12453675 | 1573356 | 419929 |
|  Net transfers<sup>(1)</sup> | 248996 | (270840) | (1831219) | 1097765 | (275631) |
|  Transfers for policy loans |  | 19649 | (26784) | (12417) | 4313 |
|  Adjustments to net assets allocated to contracts in payment period |  | (12712) | (24054) | (37136) | (3349) |
|  Contract charges | (3214) | (84472) | (49778) | (47665) | (5197) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (411381) | (7466632) | (12348586) | (7739854) | (777078) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (157814) | (879320) | (2279356) | (926439) | (83815) |
|  Increase (decrease) from transactions | (190625) | (8115027) | (4106102) | (6092390) | (720828) |
|  Net assets at beginning of year | 9303318 | 66348042 | 148094621 | 71873556 | 9732846 |
|  Net assets at end of year | $9957779 | $60905600 | $178729992 | $74116179 | $9496574 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 7078468 | 39260898 | 25046146 | 19454525 | 3352136 |
|  Units purchased | 390954 | 569477 | 2854819 | 871528 | 179318 |
|  Units redeemed | (540288) | (5175411) | (3044526) | (2336447) | (412901) |
|  Units outstanding at end of year | 6929134 | 34654964 | 24856439 | 17989606 | 3118553 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **44** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Allspg VT<br>Index Asset Alloc,**<br> **Cl 2** | **Allspg VT**<br> **Opp,**<br> **Cl 2** | **Allspg VT**<br> **Sm Cap Gro,**<br> **Cl 2** | **ALPS Alerian**<br> **Engy Infr,**<br> **Class III** | **BlackRock**<br> **Adv SMID**<br> **Cap VI,**<br> **Cl III** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $92070 | $(368393) | $(753845) | $1432188 | $11432 |
|  Net realized gain (loss) on sales of investments | 389730 | 991720 | (1676248) | 2210877 | 50998 |
|  Distributions from capital gains | 1291943 | 4078131 |  | 1565588 |  |
|  Net change in unrealized appreciation (depreciation) of investments | 894102 | 668033 | 14326598 | 10949201 | 154495 |
|  Net increase (decrease) in net assets resulting from operations | 2667845 | 5369491 | 11896505 | 16157854 | 216925 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 71516 | 229095 | 2479349 | 1316226 | 642244 |
|  Net transfers<sup>(1)</sup> | (86787) | (2219989) | (3087568) | (528005) | (134641) |
|  Transfers for policy loans | 15585 | 960 | 20638 | 18900 |  |
|  Adjustments to net assets allocated to contracts in payment period | (147637) | (11696) | (10571) | (27681) |  |
|  Contract charges | (12446) | (25086) | (31664) | (20405) | (773) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1913779) | (4361234) | (6274863) | (4172182) | (34129) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (324121) | (366306) | (1075592) | (564293) | (45506) |
|  Increase (decrease) from transactions | (2397669) | (6754256) | (7980271) | (3977440) | 427195 |
|  Net assets at beginning of year | 20061739 | 41207583 | 70724257 | 43193069 | 1730055 |
|  Net assets at end of year | $20331915 | $39822818 | $74640491 | $55373483 | $2374175 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 5573609 | 8453976 | 18920492 | 34441661 | 1528855 |
|  Units purchased | 23097 | 45517 | 654255 | 1729647 | 653310 |
|  Units redeemed | (614403) | (1348242) | (2622024) | (4442605) | (283886) |
|  Units outstanding at end of year | 4982303 | 7151251 | 16952723 | 31728703 | 1898279 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **45** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **BlackRock**<br> **Global Alloc,**<br> **Cl III** | **BNY Mellon**<br> **Sus US Eq,**<br> **Serv** | **Calvert VP**<br> **SRI Bal,**<br> **Cl F** | **Calvert VP**<br> **SRI Bal,**<br> **Cl I** | **CB Var**<br> **Sm Cap Gro,**<br> **Cl I** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(190911) | $(19682) | $17717 | $195228 | $(132723) |
|  Net realized gain (loss) on sales of investments | (729491) | 67992 | 33041 | 534181 | 79041 |
|  Distributions from capital gains | 6304242 | 22193 | 38065 | 404643 | 445104 |
|  Net change in unrealized appreciation (depreciation) of investments | 285867 | 639567 | 198953 | 2724904 | 93764 |
|  Net increase (decrease) in net assets resulting from operations | 5669707 | 710070 | 287776 | 3858956 | 485186 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1847324 | 219398 | 822021 | 161640 | 109569 |
|  Net transfers<sup>(1)</sup> | 425562 | 27564 | 106106 | 850832 | (461710) |
|  Transfers for policy loans | (2055) |  | (12454) | 2800 | (1165) |
|  Adjustments to net assets allocated to contracts in payment period | (75199) |  |  | (5181) | (4383) |
|  Contract charges | (27650) | (149) | (1396) | (17904) | (11689) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (6962951) | (5465) | (156592) | (1582810) | (1957827) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (1796459) |  |  | (490853) | (104819) |
|  Increase (decrease) from transactions | (6591428) | 241348 | 757685 | (1081476) | (2432024) |
|  Net assets at beginning of year | 74396000 | 2990068 | 1433205 | 21222271 | 15058157 |
|  Net assets at end of year | $73474279 | $3941486 | $2478666 | $23999751 | $13111319 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 44971391 | 2646827 | 1314828 | 7788387 | 4264712 |
|  Units purchased | 2633802 | 352692 | 782738 | 334654 | 65921 |
|  Units redeemed | (6406886) | (172464) | (166611) | (696459) | (744940) |
|  Units outstanding at end of year | 41198307 | 2827055 | 1930955 | 7426582 | 3585693 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **46** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Col VP**<br> **Bal,**<br> **Cl 2** | **Col VP**<br> **Bal,**<br> **Cl 3** | **Col VP**<br> **Commodity**<br> **Strategy,<br>Cl 2** | **Col VP<br>Contrarian Core,<br>Cl 2** | **Col VP<br>Disciplined Core,<br>Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(1248004) | $(6203458) | $396784 | $(1759568) | $(642863) |
|  Net realized gain (loss) on sales of investments | 986924 | 38328102 | (1174806) | 11855303 | 4167660 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 14255922 | 41222318 | 1708788 | 22476459 | 9155799 |
|  Net increase (decrease) in net assets resulting from operations | 13994842 | 73346962 | 930766 | 32572194 | 12680596 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 42336517 | 3983420 | 309635 | 10992425 | 3798395 |
|  Net transfers<sup>(1)</sup> | 4876891 | 31522862 | (602895) | 7963530 | (1218639) |
|  Transfers for policy loans | (24856) | (9407) | 919 | (20114) | 5622 |
|  Adjustments to net assets allocated to contracts in payment period |  | (912983) |  | (51252) |  |
|  Contract charges | (334402) | (275338) | (5076) | (149340) | (42334) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (5791651) | (62018908) | (865346) | (15211386) | (3500500) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (1766685) | (13786233) | (216793) | (1518324) | (906947) |
|  Increase (decrease) from transactions | 39295814 | (41496587) | (1379556) | 2005539 | (1864403) |
|  Net assets at beginning of year | 95274299 | 568979468 | 16349991 | 149160986 | 52063907 |
|  Net assets at end of year | $148564955 | $600829843 | $15901201 | $183738719 | $62880100 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 91068589 | 177388512 | 21658120 | 45709385 | 11159964 |
|  Units purchased | 41781029 | 11979838 | 778360 | 5943829 | 1005366 |
|  Units redeemed | (7559517) | (23946097) | (2568328) | (5404334) | (1249864) |
|  Units outstanding at end of year | 125290101 | 165422253 | 19868152 | 46248880 | 10915466 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **47** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Col VP**<br> **Disciplined Core,**<br> **Cl 3** | **Col VP**<br> **Divd Opp,**<br> **Cl 2** | **Col VP**<br> **Divd Opp,**<br> **Cl 3** | **Col VP**<br> **Emerg Mkts Bond,<br>Cl 2** | **Col VP**<br> **Emer Mkts,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(3706605) | $(1157487) | $(3512151) | $373519 | $(16833) |
|  Net realized gain (loss) on sales of investments | 38258997 | 5348810 | 39455253 | (253973) | (3359372) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 45098081 | 9258358 | 13398052 | 347964 | 5447795 |
|  Net increase (decrease) in net assets resulting from operations | 79650473 | 13449681 | 49341154 | 467510 | 2071590 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 2033016 | 7775720 | 2034271 | 265252 | 1510654 |
|  Net transfers<sup>(1)</sup> | (3609747) | (76127) | (5319822) | 368439 | (1578545) |
|  Transfers for policy loans | 91475 | 6566 | 7968 | 1426 | (39453) |
|  Adjustments to net assets allocated to contracts in payment period | (619445) | (6691) | (84959) |  |  |
|  Contract charges | (286940) | (59778) | (263713) | (3827) | (33064) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (36594194) | (8210598) | (42857224) | (847240) | (3141533) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (6039222) | (1808854) | (5780605) | (121294) | (652590) |
|  Increase (decrease) from transactions | (45025057) | (2379762) | (52264084) | (337244) | (3934531) |
|  Net assets at beginning of year | 339235922 | 98976248 | 365623888 | 9458091 | 47968832 |
|  Net assets at end of year | $373861338 | $110046167 | $362700958 | $9588357 | $46105891 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 87846417 | 33216795 | 93884096 | 9314719 | 38480921 |
|  Units purchased | 673318 | 4037739 | 515872 | 829223 | 1359837 |
|  Units redeemed | (11015316) | (4473867) | (12852642) | (1166977) | (4316452) |
|  Units outstanding at end of year | 77504419 | 32780667 | 81547326 | 8976965 | 35524306 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **48** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Col VP**<br> **Emer Mkts,<br>Cl 3** | **Col VP Global**<br> **Strategic Inc,<br>Cl 2** | **Col VP Global**<br> **Strategic Inc,<br>Cl 3** | **Col VP**<br> **Govt Money Mkt,**<br> **Cl 2** | **Col VP**<br> **Govt Money Mkt,**<br> **Cl 3** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $116015 | $186093 | $1023895 | $5306931 | $5188233 |
|  Net realized gain (loss) on sales of investments | (3337176) | (203242) | (1935610) |  | 331 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 6156371 | 222312 | 1860596 |  | (331) |
|  Net increase (decrease) in net assets resulting from operations | 2935210 | 205163 | 948881 | 5306931 | 5188233 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 598134 | 837221 | 161048 | 25592927 | 1468206 |
|  Net transfers<sup>(1)</sup> | (1635209) | 729428 | 633467 | (2138794) | 45649107 |
|  Transfers for policy loans | 14209 | 1379 | 10454 | 20900 | 125473 |
|  Adjustments to net assets allocated to contracts in payment period | (12661) | (512) | (25811) | (980) | (76177) |
|  Contract charges | (72551) | (2031) | (68540) | (88315) | (113757) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (7272092) | (770792) | (4690191) | (22162631) | (26342803) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (551434) | (95588) | (1076505) | (5076502) | (2797741) |
|  Increase (decrease) from transactions | (8931604) | 699105 | (5056078) | (3853395) | 17912308 |
|  Net assets at beginning of year | 68435453 | 8915120 | 44431393 | 148909861 | 126337957 |
|  Net assets at end of year | $62439059 | $9819388 | $40324196 | $150363397 | $149438498 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 28395940 | 9371704 | 28566883 | 157214722 | 112497377 |
|  Units purchased | 305909 | 1669498 | 673199 | 30978932 | 41910003 |
|  Units redeemed | (3950286) | (938722) | (3762747) | (35191469) | (25668545) |
|  Units outstanding at end of year | 24751563 | 10102480 | 25477335 | 153002185 | 128738835 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **49** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Col VP**<br> **Hi Yield Bond,<br>Cl 2** | **Col VP**<br> **Hi Yield Bond,<br>Cl 3** | **Col VP**<br> **Inc Opp,**<br> **Cl 2** | **Col VP**<br> **Inc Opp,**<br> **Cl 3** | **Col VP**<br> **Inter Bond,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $2299329 | $5318490 | $1178963 | $3086007 | $2761646 |
|  Net realized gain (loss) on sales of investments | (494431) | (1213019) | (592625) | (2548431) | (1415923) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 958915 | 2309965 | 627281 | 2778946 | (951935) |
|  Net increase (decrease) in net assets resulting from operations | 2763813 | 6415436 | 1213619 | 3316522 | 393788 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 4056101 | 609178 | 2159400 | 312369 | 6726881 |
|  Net transfers<sup>(1)</sup> | 2482132 | 915544 | 1013611 | 1532536 | 11124888 |
|  Transfers for policy loans | 1683 | 11942 | 677 | 10467 | (4213) |
|  Adjustments to net assets allocated to contracts in payment period |  | (220131) |  | (39175) | (4284) |
|  Contract charges | (12942) | (70383) | (7447) | (102440) | (67191) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (4822915) | (13001597) | (2438817) | (7947481) | (5559109) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (665134) | (2602694) | (638762) | (1592210) | (1049776) |
|  Increase (decrease) from transactions | 1038925 | (14358141) | 88662 | (7825934) | 11167196 |
|  Net assets at beginning of year | 48186955 | 115279948 | 26797408 | 71590409 | 72989491 |
|  Net assets at end of year | $51989693 | $107337243 | $28099689 | $67080997 | $84550475 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 26479958 | 38417330 | 15261678 | 29010653 | 60739026 |
|  Units purchased | 4440596 | 735714 | 2001573 | 820366 | 14941597 |
|  Units redeemed | (3777654) | (5254210) | (1949922) | (3920483) | (5792359) |
|  Units outstanding at end of year | 27142900 | 33898834 | 15313329 | 25910536 | 69888264 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **50** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Col VP**<br> **Inter Bond,**<br> **Cl 3** | **Col VP**<br> **Lg Cap Gro,**<br> **Cl 2** | **Col VP**<br> **Lg Cap Gro,**<br> **Cl 3** | **Col VP**<br> **Lg Cap Index,<br>Cl 2** | **Col VP**<br> **Lg Cap Index,<br>Cl 3** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $7752231 | $(1483441) | $(1263050) | $(1435175) | $(5881772) |
|  Net realized gain (loss) on sales of investments | (6136314) | 8514555 | 16940579 | 2973451 | 49678821 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 161954 | 27597955 | 21916928 | 24836913 | 74659021 |
|  Net increase (decrease) in net assets resulting from operations | 1777871 | 34629069 | 37594457 | 26375189 | 118456070 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1067635 | 12519423 | 840451 | 51861961 | 4025593 |
|  Net transfers<sup>(1)</sup> | 11789436 | (423983) | 792625 | 3805191 | 3357442 |
|  Transfers for policy loans | 27324 | 16631 | 3029 | (57770) | (101493) |
|  Adjustments to net assets allocated to contracts in payment period | (81645) |  | 24360 |  | (240458) |
|  Contract charges | (252185) | (129036) | (101134) | (108279) | (243604) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (24318538) | (7965087) | (16503988) | (3626400) | (54257655) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (4919871) | (1310913) | (2146798) | (4767828) | (11066160) |
|  Increase (decrease) from transactions | (16687844) | 2707035 | (17091455) | 47106875 | (58526335) |
|  Net assets at beginning of year | 216758064 | 115305697 | 131653462 | 101414952 | 528873895 |
|  Net assets at end of year | $201848091 | $152641801 | $152156464 | $174897016 | $588803630 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 119387992 | 21126775 | 38438479 | 88752646 | 132544707 |
|  Units purchased | 7206781 | 2786177 | 466973 | 47434053 | 3599181 |
|  Units redeemed | (16377119) | (1932540) | (4794611) | (11881045) | (16186810) |
|  Units outstanding at end of year | 110217654 | 21980412 | 34110841 | 124305654 | 119957078 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **51** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Col VP Limited<br>Duration Cr,<br>Cl 2** | **Col VP Long<br>Govt/Cr Bond,<br>Cl 2** | **Col VP**<br> **Overseas Core,<br>Cl 2** | **Col VP**<br> **Overseas Core,<br>Cl 3** | **Col VP Select<br>Lg Cap Eq,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $2068832 | $368682 | $1143049 | $1666571 | $(41067) |
|  Net realized gain (loss) on sales of investments | 16275 | (1295477) | 50585 | 663843 | 47280 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 688130 | (57419) | (393855) | (1060522) | 717679 |
|  Net increase (decrease) in net assets resulting from operations | 2773237 | (984214) | 799779 | 1269892 | 723892 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 10907121 | 1493276 | 2105007 | 455264 | 1228183 |
|  Net transfers<sup>(1)</sup> | 4630141 | 1081088 | 104350 | 548329 | (35345) |
|  Transfers for policy loans | 422 | 57 | (8924) | 25038 |  |
|  Adjustments to net assets allocated to contracts in payment period | (2806) | (6667) | (9848) | 87314 |  |
|  Contract charges | (71116) | (4616) | (36698) | (31519) | (2447) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (8495520) | (1373463) | (2545550) | (5459779) | (46535) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (2505023) | (431676) | (718769) | (792465) |  |
|  Increase (decrease) from transactions | 4463219 | 757999 | (1110432) | (5167818) | 1143856 |
|  Net assets at beginning of year | 74957685 | 15001757 | 36444624 | 51119688 | 2785156 |
|  Net assets at end of year | $82194141 | $14775542 | $36133971 | $47221762 | $4652904 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 66869288 | 14702754 | 20025515 | 27310543 | 2393486 |
|  Units purchased | 17857856 | 2577000 | 1736079 | 714484 | 1018919 |
|  Units redeemed | (14008819) | (1964205) | (2104079) | (3420341) | (150902) |
|  Units outstanding at end of year | 70718325 | 15315549 | 19657515 | 24604686 | 3261503 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **52** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Col VP Select<br>Lg Cap Val,<br>Cl 2** | **Col VP Select<br>Lg Cap Val,<br>Cl 3** | **Col VP Select<br>Mid Cap Gro,<br>Cl 2** | **Col VP Select<br>Mid Cap Gro,<br>Cl 3** | **Col VP Select<br>Mid Cap Val,<br>Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(753037) | $(393375) | $(434444) | $(719754) | $(473398) |
|  Net realized gain (loss) on sales of investments | 3151098 | 4159923 | 2003841 | 7621535 | 2576449 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 4920913 | 1026839 | 6371063 | 7326062 | 2351938 |
|  Net increase (decrease) in net assets resulting from operations | 7318974 | 4793387 | 7940460 | 14227843 | 4454989 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 4641373 | 312365 | 3678921 | 400864 | 2509178 |
|  Net transfers<sup>(1)</sup> | (1480592) | (2483274) | (129696) | (452564) | (462652) |
|  Transfers for policy loans | (17274) | 2806 | (12184) | 8147 | (589) |
|  Adjustments to net assets allocated to contracts in payment period |  | (14534) | (1957) | (39358) | (3727) |
|  Contract charges | (51152) | (23530) | (30362) | (37591) | (29878) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (4608453) | (5503321) | (2543339) | (7929013) | (3512297) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (1452018) | (863048) | (712121) | (1175954) | (704114) |
|  Increase (decrease) from transactions | (2968116) | (8572536) | 249262 | (9225469) | (2204079) |
|  Net assets at beginning of year | 66072357 | 43541784 | 35128973 | 67844121 | 40997953 |
|  Net assets at end of year | $70423215 | $39762635 | $43318695 | $72846495 | $43248863 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 17249459 | 11453982 | 10620277 | 18489667 | 11612222 |
|  Units purchased | 1475377 | 80051 | 1353731 | 194358 | 900600 |
|  Units redeemed | (2076243) | (2155654) | (1170939) | (2430614) | (1413538) |
|  Units outstanding at end of year | 16648593 | 9378379 | 10803069 | 16253411 | 11099284 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **53** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Col VP Select<br>Mid Cap Val,<br>Cl 3** | **Col VP Select<br>Sm Cap Val,<br>Cl 2** | **Col VP Select<br>Sm Cap Val,<br>Cl 3** | **Col VP Sel<br>Gbl Tech,<br>Cl 2** | **Col VP Sm<br>Cap Val,<br>Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(376451) | $(298495) | $(257567) | $(134842) | $(9231) |
|  Net realized gain (loss) on sales of investments | 4001242 | 1074532 | 2622608 | 399097 | 16165 |
|  Distributions from capital gains |  |  |  | 930569 | 94086 |
|  Net change in unrealized appreciation (depreciation) of investments | 770650 | 2315043 | 1131275 | 1771961 | 52246 |
|  Net increase (decrease) in net assets resulting from operations | 4395441 | 3091080 | 3496316 | 2966785 | 153266 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 243282 | 1311643 | 209362 | 8725812 | 661180 |
|  Net transfers<sup>(1)</sup> | (858914) | 2180 | (566250) | 602885 | 165661 |
|  Transfers for policy loans | (1937) | (2922) | (19646) | (6298) |  |
|  Adjustments to net assets allocated to contracts in payment period | 56476 | (382) | (9102) |  |  |
|  Contract charges | (27424) | (21941) | (20674) | (3268) | (376) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (4234660) | (2025022) | (3313073) | (245832) | (46267) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (680048) | (375665) | (356345) | (383206) | (61623) |
|  Increase (decrease) from transactions | (5503225) | (1112109) | (4075728) | 8690093 | 718575 |
|  Net assets at beginning of year | 40179259 | 25204928 | 29240268 | 7656796 | 1595099 |
|  Net assets at end of year | $39071475 | $27183899 | $28660856 | $19313674 | $2466940 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 10964412 | 7937035 | 6967188 | 6245474 | 1342273 |
|  Units purchased | 71299 | 725977 | 50391 | 8162369 | 688943 |
|  Units redeemed | (1486297) | (967458) | (981702) | (1833126) | (100487) |
|  Units outstanding at end of year | 9549414 | 7695554 | 6035877 | 12574717 | 1930729 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **54** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Col VP<br>Strategic Inc,<br>Cl 2** | **Col VP**<br> **US Govt Mtge,<br>Cl 2** | **Col VP**<br> **US Govt Mtge,<br>Cl 3** | **CS**<br> **Commodity**<br> **Return,**<br> **Cl 1** | **CTIVP**<br> **AC Div Bond,<br>Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $2587349 | $239267 | $794770 | $224792 | $691919 |
|  Net realized gain (loss) on sales of investments | (1378461) | (351092) | (1021908) | (1276164) | (246768) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 1417597 | 84767 | 408736 | 1474725 | (335103) |
|  Net increase (decrease) in net assets resulting from operations | 2626485 | (27058) | 181598 | 423353 | 110048 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 4202535 | 721896 | 244798 | 97313 | 1812531 |
|  Net transfers<sup>(1)</sup> | 5552777 | (2057238) | 462888 | (8361) | 3650704 |
|  Transfers for policy loans | (13184) | (1118) | 11968 | 5504 |  |
|  Adjustments to net assets allocated to contracts in payment period |  | (3228) | (19276) | (34) |  |
|  Contract charges | (16614) | (18099) | (24721) | (6441) | (41970) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (7019151) | (942799) | (4762248) | (1223369) | (788382) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (1062465) | (310124) | (679543) | (94937) | (249467) |
|  Increase (decrease) from transactions | 1643898 | (2610710) | (4766134) | (1230325) | 4383416 |
|  Net assets at beginning of year | 77773676 | 14760729 | 37448829 | 11445304 | 20879542 |
|  Net assets at end of year | $82044059 | $12122961 | $32864293 | $10638332 | $25373006 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 62275813 | 14811065 | 28406351 | 18489807 | 18390468 |
|  Units purchased | 8492964 | 1418989 | 663147 | 409207 | 4798284 |
|  Units redeemed | (7226866) | (4144981) | (4281765) | (2363402) | (950054) |
|  Units outstanding at end of year | 63541911 | 12085073 | 24787733 | 16535612 | 22238698 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **55** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **CTIVP BR Gl<br>Infl Prot Sec,<br>Cl 2** | **CTIVP BR Gl<br>Infl Prot Sec,<br>Cl 3** | **CTIVP**<br> **CenterSquare<br>Real Est,**<br> **Cl 2** | **CTIVP<br>MFS Val,<br>Cl 2** | **CTIVP Prin<br>Blue Chip Gro,<br>Cl 1** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $127363 | $406909 | $288223 | $(892659) | $(1059464) |
|  Net realized gain (loss) on sales of investments | (1254421) | (3310462) | (943887) | 4378592 | 14100270 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 681712 | 2088873 | 2528174 | 4272879 | 8102016 |
|  Net increase (decrease) in net assets resulting from operations | (445346) | (814680) | 1872510 | 7758812 | 21142822 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 614497 | 118635 | 1299715 | 6606597 | 830252 |
|  Net transfers<sup>(1)</sup> | (1553746) | 113912 | (784511) | 1798581 | (3382348) |
|  Transfers for policy loans | 813 | 14330 | 2115 | (21738) | (19268) |
|  Adjustments to net assets allocated to contracts in payment period |  | 16838 |  |  | (3601) |
|  Contract charges | (4018) | (124975) | (7214) | (55959) | (88801) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1617513) | (4217151) | (1762123) | (5228279) | (15131202) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (322491) | (1279690) | (378068) | (1671416) | (1507912) |
|  Increase (decrease) from transactions | (2882458) | (5358101) | (1630086) | 1427786 | (19302880) |
|  Net assets at beginning of year | 21069917 | 45398735 | 22630736 | 75303146 | 111832827 |
|  Net assets at end of year | $17742113 | $39225954 | $22873160 | $84489744 | $113672769 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 17709544 | 30733916 | 10611230 | 21938945 | 41831487 |
|  Units purchased | 609333 | 441504 | 656031 | 3190851 | 282784 |
|  Units redeemed | (3043378) | (4109114) | (1359864) | (2745588) | (6780709) |
|  Units outstanding at end of year | 15275499 | 27066306 | 9907397 | 22384208 | 35333562 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **56** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **CTIVP Prin<br>Blue Chip Gro,**<br> **Cl 2** | **CTIVP T Rowe<br>Price LgCap Val,<br>Cl 2** | **CTIVP TCW**<br> **Core Plus Bond,<br>Cl 2** | **CTIVP Vty**<br> **Sycamore**<br> **Estb Val,<br>Cl 2** | **CTIVP Vty**<br> **Sycamore**<br> **Estb Val,<br>Cl 3** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(644412) | $(495265) | $568715 | $(757933) | $(408925) |
|  Net realized gain (loss) on sales of investments | 3898898 | 1978755 | (304890) | 3645676 | 3602435 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 7354326 | 2907196 | (419123) | 2720226 | 562246 |
|  Net increase (decrease) in net assets resulting from operations | 10608812 | 4390686 | (155298) | 5607969 | 3755756 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 3884105 | 1511163 | 1585490 | 4739972 | 297348 |
|  Net transfers<sup>(1)</sup> | 487785 | 632305 | 3772962 | 684052 | (243997) |
|  Transfers for policy loans | (20193) | 954 | (43) | (3543) | 4646 |
|  Adjustments to net assets allocated to contracts in payment period |  | (4669) |  |  | (22972) |
|  Contract charges | (67007) | (42779) | (34198) | (36354) | (26097) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (3969947) | (2855538) | (1228040) | (5338451) | (5234558) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (607485) | (1079706) | (102991) | (1239934) | (295557) |
|  Increase (decrease) from transactions | (292742) | (1838270) | 3993180 | (1194258) | (5521187) |
|  Net assets at beginning of year | 53450643 | 42260439 | 19441798 | 66317706 | 43663617 |
|  Net assets at end of year | $63766713 | $44812855 | $23279680 | $70731417 | $41898186 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 10303109 | 13904219 | 18366435 | 15977681 | 9202354 |
|  Units purchased | 1047402 | 847090 | 5187747 | 1790667 | 130327 |
|  Units redeemed | (1116142) | (1367074) | (1505028) | (1878626) | (1215597) |
|  Units outstanding at end of year | 10234369 | 13384235 | 22049154 | 15889722 | 8117084 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **57** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **CTIVP**<br> **Westfield<br>Mid Cap Gro,**<br> **Cl 2** | **CTIVP**<br> **Westfield<br>Sel Lg Cp Gr,**<br> **Cl 2** | **CVT EAFE**<br> **Intl Index,**<br> **Cl F** | **CVT Nasdaq<br>100 Index,<br>Cl F** | **CVT Russ 2000<br>Sm Cap Ind,<br>Cl F** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(320093) | $(280893) | $84921 | $(92089) | $37498 |
|  Net realized gain (loss) on sales of investments | 2596008 | 722327 | 58617 | 329459 | 92559 |
|  Distributions from capital gains |  |  |  | 1254779 | 173163 |
|  Net change in unrealized appreciation (depreciation) of investments | 2168361 | 5424960 | (132221) | 1559184 | 282331 |
|  Net increase (decrease) in net assets resulting from operations | 4444276 | 5866394 | 11317 | 3051333 | 585551 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1811750 | 728283 | 1724756 | 11043889 | 5265563 |
|  Net transfers<sup>(1)</sup> | (1222804) | (2497728) | 355612 | 731698 | 430551 |
|  Transfers for policy loans | (2751) | (7457) | (418) | (683) | (691) |
|  Adjustments to net assets allocated to contracts in payment period |  |  |  |  |  |
|  Contract charges | (20656) | (21943) | (1980) | (5075) | (4255) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (2553591) | (1685440) | (58411) | (299742) | (131872) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (609894) | (241289) | (408188) | (266278) | (518600) |
|  Increase (decrease) from transactions | (2597946) | (3725574) | 1611371 | 11203809 | 5040696 |
|  Net assets at beginning of year | 29091718 | 24647273 | 3179759 | 9295341 | 4725698 |
|  Net assets at end of year | $30938048 | $26788093 | $4802447 | $23550483 | $10351945 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 7552699 | 6283350 | 2801182 | 7194537 | 4331815 |
|  Units purchased | 568308 | 179606 | 1973502 | 9295234 | 5752811 |
|  Units redeemed | (1159466) | (1027370) | (622121) | (1745552) | (1443471) |
|  Units outstanding at end of year | 6961541 | 5435586 | 4152563 | 14744219 | 8641155 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **58** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **DWS Alt Asset**<br> **Alloc VIP,**<br> **Cl B** | **EV VT**<br> **Floating-Rate Inc,**<br> **Init Cl** | **Fid VIP<br>Contrafund,<br>Serv Cl 2** | **Fid VIP**<br> **Emer Mkts,<br>Serv Cl 2** | **Fid VIP<br>Energy,**<br> **Serv Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $359169 | $5440176 | $(5725869) | $6684 | $29863 |
|  Net realized gain (loss) on sales of investments | (141734) | (678405) | 32417282 | 79913 | 33004 |
|  Distributions from capital gains | 9195 |  | 72032556 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 436082 | 347882 | 59313515 | 83672 | (4938) |
|  Net increase (decrease) in net assets resulting from operations | 662712 | 5109653 | 158037484 | 170269 | 57929 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 755512 | 2299802 | 24474464 | 534363 | 540039 |
|  Net transfers<sup>(1)</sup> | 268235 | (1789752) | (833368) | (13466) | (11060) |
|  Transfers for policy loans | 4336 | 7677 | (29993) |  | (321) |
|  Adjustments to net assets allocated to contracts in payment period | (1587) | (31901) | (184106) |  |  |
|  Contract charges | (6790) | (56957) | (248002) | (964) | (2194) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1705111) | (8135126) | (62501380) | (28060) | (84603) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (210788) | (1540762) | (9503982) | (51583) | (20189) |
|  Increase (decrease) from transactions | (896193) | (9247019) | (48826367) | 440290 | 421672 |
|  Net assets at beginning of year | 16054702 | 80842234 | 507551284 | 1892985 | 2295218 |
|  Net assets at end of year | $15821221 | $76704868 | $616762401 | $2503544 | $2774819 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 13734431 | 50309582 | 123150326 | 1829144 | 1982168 |
|  Units purchased | 1049203 | 2115182 | 8477793 | 823120 | 577282 |
|  Units redeemed | (1787042) | (7524371) | (16541396) | (425140) | (230803) |
|  Units outstanding at end of year | 12996592 | 44900393 | 115086723 | 2227124 | 2328647 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **59** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Fid VIP<br>Gro & Inc,<br>Serv Cl** | **Fid VIP<br>Gro & Inc,<br>Serv Cl 2** | **Fid VIP<br>Gro Opp,<br>Serv Cl 2** | **Fid VIP Intl<br>Cap Appr,<br>Serv Cl 2** | **Fid VIP<br>Invest Gr,<br>Serv Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $209772 | $406385 | $(177258) | $(14874) | $354875 |
|  Net realized gain (loss) on sales of investments | 2743588 | 5357337 | 444520 | 130100 | 15228 |
|  Distributions from capital gains | 2782505 | 7241346 |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 2377045 | 6708229 | 4551818 | 122941 | (336484) |
|  Net increase (decrease) in net assets resulting from operations | 8112910 | 19713297 | 4819080 | 238167 | 33619 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 293257 | 5300628 | 12197534 | 3933099 | 6010951 |
|  Net transfers<sup>(1)</sup> | (172022) | (1708560) | 444797 | 332646 | 2236249 |
|  Transfers for policy loans | 32296 | (34347) |  | 2468 | (2246) |
|  Adjustments to net assets allocated to contracts in payment period | 47251 | (77358) |  |  |  |
|  Contract charges | (8314) | (71332) | (7282) | (1349) | (2834) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (4972804) | (9341113) | (404759) | (182316) | (362060) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (854469) | (1170579) | (32383) | (41689) | (58905) |
|  Increase (decrease) from transactions | (5634805) | (7102661) | 12197907 | 4042859 | 7821155 |
|  Net assets at beginning of year | 40195370 | 96518762 | 8689130 | 3797974 | 7861681 |
|  Net assets at end of year | $42673475 | $109129398 | $25706117 | $8079000 | $15716455 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 10014343 | 23415642 | 7195876 | 3267096 | 7882190 |
|  Units purchased | 71867 | 2221681 | 9289528 | 3966719 | 8331506 |
|  Units redeemed | (1327353) | (2894218) | (966075) | (731693) | (528282) |
|  Units outstanding at end of year | 8758857 | 22743105 | 15519329 | 6502122 | 15685414 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **60** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Fid VIP<br>Mid Cap,<br>Serv Cl** | **Fid VIP<br>Mid Cap,<br>Serv Cl 2** | **Fid VIP<br>Overseas,<br>Serv Cl** | **Fid VIP<br>Overseas,<br>Serv Cl 2** | **Fid VIP<br>Strategic Inc,<br>Serv Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(253515) | $(2197886) | $74637 | $208381 | $4747521 |
|  Net realized gain (loss) on sales of investments | 1922959 | 7173150 | 363401 | 1439699 | (1024581) |
|  Distributions from capital gains | 8191569 | 47308274 | 445533 | 1969697 |  |
|  Net change in unrealized appreciation (depreciation) of investments | (146038) | 262410 | (491691) | (2023394) | 4168958 |
|  Net increase (decrease) in net assets resulting from operations | 9714975 | 52545948 | 391880 | 1594383 | 7891898 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 261792 | 10082303 | 60395 | 352754 | 9342290 |
|  Net transfers<sup>(1)</sup> | (1238735) | (1451775) | 626415 | 4017968 | 25373325 |
|  Transfers for policy loans | 13024 | (14789) | (2433) | 4823 | (13524) |
|  Adjustments to net assets allocated to contracts in payment period | (5976) | (156246) | (4629) | 19527 | (68892) |
|  Contract charges | (13756) | (249667) | (1950) | (28788) | (53631) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (6329029) | (35368681) | (1025536) | (4674856) | (16797224) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (672834) | (5451609) | (148133) | (336487) | (2888233) |
|  Increase (decrease) from transactions | (7985514) | (32610464) | (495871) | (645059) | 14894111 |
|  Net assets at beginning of year | 62092008 | 337242419 | 9498088 | 40197551 | 162986893 |
|  Net assets at end of year | $63821469 | $357177903 | $9394097 | $41146875 | $185772902 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 5939292 | 65758963 | 4138976 | 16513637 | 134873909 |
|  Units purchased | 23792 | 2624794 | 285771 | 1781071 | 28093961 |
|  Units redeemed | (724191) | (8387593) | (486353) | (1959433) | (16165071) |
|  Units outstanding at end of year | 5238893 | 59996164 | 3938394 | 16335275 | 146802799 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **61** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Frank Global<br>Real Est,**<br> **Cl 2** | **Frank**<br> **Inc,**<br> **Cl 2** | **Frank**<br> **Inc,**<br> **Cl 4** | **Frank Mutual<br>Gbl Dis,**<br> **Cl 4** | **Frank Mutual<br>Shares,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $416175 | $2481070 | $381857 | $3988 | $609928 |
|  Net realized gain (loss) on sales of investments | (1967355) | (562885) | 8307 | 1226 | (255170) |
|  Distributions from capital gains |  | 256069 | 38900 | 44199 | 1268270 |
|  Net change in unrealized appreciation (depreciation) of investments | 1015447 | 1370654 | 12494 | (32473) | 4555926 |
|  Net increase (decrease) in net assets resulting from operations | (535733) | 3544908 | 441558 | 16940 | 6178954 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 384532 | 350372 | 3394340 | 100282 | 424064 |
|  Net transfers<sup>(1)</sup> | 133634 | 2329764 | 2857675 | 12777 | (1575618) |
|  Transfers for policy loans | 25334 | 9122 |  |  | 23444 |
|  Adjustments to net assets allocated to contracts in payment period | (22489) | (15946) |  |  | 30137 |
|  Contract charges | (36321) | (25010) | (1820) | (102) | (35110) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (4311364) | (5864358) | (460937) | (5489) | (6269607) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (599115) | (1313548) | (142127) | (7188) | (988422) |
|  Increase (decrease) from transactions | (4425789) | (4529604) | 5647131 | 100280 | (8391112) |
|  Net assets at beginning of year | 46208752 | 60747282 | 6033903 | 496473 | 62314708 |
|  Net assets at end of year | $41247230 | $59762586 | $12122592 | $613693 | $60102550 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 19107484 | 38683322 | 5804751 | 420971 | 23727834 |
|  Units purchased | 535698 | 3114120 | 5909979 | 92862 | 181816 |
|  Units redeemed | (2198347) | (5970367) | (725629) | (11290) | (3151943) |
|  Units outstanding at end of year | 17444835 | 35827075 | 10989101 | 502543 | 20757707 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **62** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Frank**<br> **Sm Cap Val,**<br> **Cl 2** | **Frank**<br> **Sm Cap Val,<br>Cl 4** | **GS VIT**<br> **Mid Cap Val,<br>Inst** | **GS VIT<br>Multi-Strategy Alt,<br>Advisor** | **GS VIT<br>Multi-Strategy Alt,<br>Serv** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(43906) | $(10938) | $123385 | $138850 | $30443 |
|  Net realized gain (loss) on sales of investments | (1044373) | 21205 | 1493445 | (22481) | 572 |
|  Distributions from capital gains | 2596381 | 80915 | 5954818 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 9878323 | 274331 | 3953693 | 71972 | (4619) |
|  Net increase (decrease) in net assets resulting from operations | 11386425 | 365513 | 11525341 | 188341 | 26396 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 601798 | 1515422 | 461018 | 42285 | 405796 |
|  Net transfers<sup>(1)</sup> | (2158681) | 225057 | (2140727) | 180996 | 156621 |
|  Transfers for policy loans | 11083 |  | 18391 | 98 |  |
|  Adjustments to net assets allocated to contracts in payment period | 65097 |  | (77678) | (264) |  |
|  Contract charges | (55080) | (601) | (95160) | (2981) | (304) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (12300002) | (214788) | (11833015) | (569918) | (33245) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (1128319) | (92691) | (1210830) | (197495) |  |
|  Increase (decrease) from transactions | (14964104) | 1432399 | (14878001) | (547279) | 528868 |
|  Net assets at beginning of year | 114080355 | 3128554 | 106603285 | 9647383 | 1078097 |
|  Net assets at end of year | $110502676 | $4926466 | $103250625 | $9288445 | $1633361 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 22656414 | 2838789 | 13863863 | 9707552 | 1051947 |
|  Units purchased | 201104 | 1579911 | 61183 | 508894 | 539111 |
|  Units redeemed | (3332899) | (370401) | (1873259) | (1056894) | (31735) |
|  Units outstanding at end of year | 19524619 | 4048299 | 12051787 | 9159552 | 1559323 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **63** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **GS VIT Sm Cap<br>Eq Insights,<br>Inst** | **GS VIT Sm Cap<br>Eq Insights,<br>Serv** | **GS VIT U.S.<br>Eq Insights,<br>Inst** | **Invesco VI<br>Am Fran,<br>Ser I** | **Invesco VI<br>Am Fran,<br>Ser II** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $6394 | $1146 | $(250369) | $(120996) | $(393471) |
|  Net realized gain (loss) on sales of investments | 63000 | 22136 | 4846320 | 633405 | 2012582 |
|  Distributions from capital gains | 399162 | 197638 | 13502553 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 353411 | (5564) | 5706489 | 3668159 | 11105866 |
|  Net increase (decrease) in net assets resulting from operations | 821967 | 215356 | 23804993 | 4180568 | 12724977 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 32616 | 1496325 | 285268 | 54012 | 141561 |
|  Net transfers<sup>(1)</sup> | 127074 | 24622 | (4024914) | (289483) | (3188838) |
|  Transfers for policy loans | 788 |  | (15347) | 2073 | 7771 |
|  Adjustments to net assets allocated to contracts in payment period | (2640) |  | (87486) | (2604) | 714 |
|  Contract charges | (1146) | (999) | (131772) | (3959) | (110536) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (448422) | (23667) | (10394134) | (1886887) | (4819368) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (39775) | (13353) | (1761881) | (69655) | (1029457) |
|  Increase (decrease) from transactions | (331505) | 1482928 | (16130266) | (2196503) | (8998153) |
|  Net assets at beginning of year | 4602374 | 1007890 | 93869613 | 13220081 | 41826767 |
|  Net assets at end of year | $5092836 | $2706174 | $101544340 | $15204146 | $45553591 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 901219 | 902304 | 23461140 | 3516542 | 11541446 |
|  Units purchased | 29227 | 1407452 | 112607 | 12595 | 38042 |
|  Units redeemed | (86245) | (246995) | (3630351) | (507341) | (2151312) |
|  Units outstanding at end of year | 844201 | 2062761 | 19943396 | 3021796 | 9428176 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **64** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Invesco VI Bal**<br> **Risk Alloc,<br>Ser II** | **Invesco VI**<br> **Comstock,<br>Ser II** | **Invesco VI**<br> **Core Eq,<br>Ser I** | **Invesco VI**<br> **Core Plus Bond,<br>Ser II** | **Invesco VI Dis**<br> **Mid Cap Gro,<br>Ser I** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $1329967 | $576744 | $(420526) | $177432 | $(147716) |
|  Net realized gain (loss) on sales of investments | (890777) | 4015262 | 1776956 | 24078 | (71333) |
|  Distributions from capital gains |  | 6938696 | 6063473 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 342932 | 1298638 | 8169956 | (133924) | 3772817 |
|  Net increase (decrease) in net assets resulting from operations | 782122 | 12829340 | 15589859 | 67586 | 3553768 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 977995 | 2502946 | 266723 | 2951766 | 90839 |
|  Net transfers<sup>(1)</sup> | (1338982) | (853466) | (456004) | 468288 | 5511 |
|  Transfers for policy loans | 815 | 5771 | 21395 |  | 1546 |
|  Adjustments to net assets allocated to contracts in payment period | (21218) | 12348 | (245930) |  | (11197) |
|  Contract charges | (10804) | (180998) | (26270) | (892) | (8137) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (2713066) | (10529727) | (7005238) | (119887) | (1652855) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (423468) | (1918117) | (984793) | (18973) | (179974) |
|  Increase (decrease) from transactions | (3528728) | (10961243) | (8430117) | 3280302 | (1754267) |
|  Net assets at beginning of year | 29097573 | 95815925 | 67843906 | 3735421 | 15944650 |
|  Net assets at end of year | $26350967 | $97684022 | $75003648 | $7083309 | $17744151 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 22516307 | 25313582 | 12684044 | 3781537 | 11608475 |
|  Units purchased | 783680 | 885130 | 48064 | 3689256 | 152474 |
|  Units redeemed | (3417718) | (3385495) | (1408336) | (418358) | (1272391) |
|  Units outstanding at end of year | 19882269 | 22813217 | 11323772 | 7052435 | 10488558 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **65** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Invesco VI Dis**<br> **Mid Cap Gro,**<br> **Ser II** | **Invesco VI**<br> **Div Divd,**<br> **Ser I** | **Invesco VI**<br> **Div Divd,**<br> **Ser II** | **Invesco VI**<br> **EQV Intl Eq,**<br> **Ser II** | **Invesco VI**<br> **Global,**<br> **Ser II** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(102137) | $170370 | $56920 | $218649 | $(1285518) |
|  Net realized gain (loss) on sales of investments | (184506) | 343137 | 164228 | 611531 | 1348186 |
|  Distributions from capital gains |  | 695432 | 370386 | 190831 | 7673292 |
|  Net change in unrealized appreciation (depreciation) of investments | 2483478 | 845085 | 459332 | (1097519) | 9859143 |
|  Net increase (decrease) in net assets resulting from operations | 2196835 | 2054024 | 1050866 | (76508) | 17595103 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 64206 | 105162 | 68962 | 293518 | 2659302 |
|  Net transfers<sup>(1)</sup>  | 69623 | (421520) | (53681) | (323938) | (1601929) |
|  Transfers for policy loans | 11085 | 625 | 679 | (2158) | 15148 |
|  Adjustments to net assets allocated to contracts in payment period |  | (12103) | (4755) | (2939) | 1618 |
|  Contract charges | (6633) | (10402) | (5931) | (30367) | (67797) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1116312) | (1986378) | (1384716) | (4124889) | (12195452) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (94959) | (228604) | (62548) | (490459) | (1790709) |
|  Increase (decrease) from transactions | (1072990) | (2553220) | (1441990) | (4681232) | (12979819) |
|  Net assets at beginning of year | 10147822 | 17682948 | 9457235 | 38320571 | 123101871 |
|  Net assets at end of year | $11271667 | $17183752 | $9066111 | $33562831 | $127717155 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 7519630 | 6441653 | 3624138 | 17007896 | 33561073 |
|  Units purchased | 168183 | 36113 | 54861 | 157198 | 863725 |
|  Units redeemed | (883848) | (901224) | (572047) | (2184445) | (4215680) |
|  Units outstanding at end of year | 6803965 | 5576542 | 3106952 | 14980649 | 30209118 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **66** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Invesco VI**<br> **Gbl Strat Inc,**<br> **Ser II** | **Invesco VI**<br> **Hlth,**<br> **Ser II** | **Invesco VI**<br> **Main St,**<br> **Ser II** | **Invesco VI<br>Mn St Sm Cap,**<br> **Ser II** | **Invesco VI**<br> **Tech,**<br> **Ser I** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $2063456 | $(298755) | $(24324) | $(1045761) | $(239661) |
|  Net realized gain (loss) on sales of investments | (2437444) | 115686 | (50267) | 2270666 | 663414 |
|  Distributions from capital gains |  |  | 252993 | 3865240 | 1196041 |
|  Net change in unrealized appreciation (depreciation) of investments | 2496003 | 1450496 | 309843 | 5925127 | 6251697 |
|  Net increase (decrease) in net assets resulting from operations | 2122015 | 1267427 | 488245 | 11015272 | 7871491 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 648655 | 249868 | 21715 | 4352097 | 183909 |
|  Net transfers<sup>(1)</sup> | 1991275 | (1149309) | (3075) | 4336395 | 179606 |
|  Transfers for policy loans | 10694 | (6955) |  | (9202) | (9786) |
|  Adjustments to net assets allocated to contracts in payment period | (51007) | (26061) | (2057) | 22364 | 144212 |
|  Contract charges | (149023) | (17916) | (1346) | (46330) | (32581) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (11542887) | (3997944) | (208323) | (9124882) | (2960211) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (2623650) | (369155) | (14403) | (1299430) | (332770) |
|  Increase (decrease) from transactions | (11715943) | (5317472) | (207489) | (1768988) | (2827621) |
|  Net assets at beginning of year | 123482676 | 32073429 | 2298767 | 98221068 | 24846217 |
|  Net assets at end of year | $113888748 | $28023384 | $2579523 | $107467352 | $29890087 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 78192377 | 10054430 | 1306838 | 23472165 | 7330076 |
|  Units purchased | 1906670 | 88234 | 82192 | 2103976 | 143611 |
|  Units redeemed | (9338248) | (1605196) | (190367) | (2590851) | (906353) |
|  Units outstanding at end of year | 70760799 | 8537468 | 1198663 | 22985290 | 6567334 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **67** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Invesco VI<br>Tech,<br>Ser II** | **Janus<br>Henderson<br>VIT Bal,**<br> **Serv** | **Janus**<br> **Henderson<br>VIT Enter,<br>Serv** | **Janus**<br> **Henderson<br>VIT Flex Bd,<br>Serv** | **Janus**<br> **Henderson<br>VIT Forty,<br>Serv** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(59436) | $1084182 | $(29861) | $1974243 | $(41965) |
|  Net realized gain (loss) on sales of investments | 120633 | 3172006 | 489883 | (1076069) | 135058 |
|  Distributions from capital gains | 336090 |  | 645600 |  | 230666 |
|  Net change in unrealized appreciation (depreciation) of investments | 1106935 | 14496416 | 866155 | (561998) | 483877 |
|  Net increase (decrease) in net assets resulting from operations | 1504222 | 18752604 | 1971777 | 336176 | 807636 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 2903287 | 12522720 | 69465 | 4170143 | 2019110 |
|  Net transfers<sup>(1)</sup> | 231133 | 6493166 | (92788) | 8069302 | 356294 |
|  Transfers for policy loans | (269) | (30128) | 16354 | (7207) |  |
|  Adjustments to net assets allocated to contracts in payment period |  | (118527) | (7200) |  |  |
|  Contract charges | (1449) | (47267) | (3832) | (16419) | (2253) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (82086) | (10301774) | (1833920) | (5602310) | (52091) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (27601) | (3190405) | (63932) | (626381) | (49829) |
|  Increase (decrease) from transactions | 3023015 | 5327785 | (1915853) | 5987128 | 2271231 |
|  Net assets at beginning of year | 3407874 | 132210386 | 14534374 | 57033217 | 2426944 |
|  Net assets at end of year | $7935111 | $156290775 | $14590298 | $63356521 | $5505811 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 2929383 | 89611176 | 4827986 | 54461244 | 2031176 |
|  Units purchased | 2755277 | 13260269 | 71913 | 11737572 | 2077467 |
|  Units redeemed | (535192) | (9768741) | (664104) | (6070454) | (471275) |
|  Units outstanding at end of year | 5149468 | 93102704 | 4235795 | 60128362 | 3637368 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **68** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Janus Hend**<br> **VIT Gbl**<br> **Tech Innov,**<br> **Srv** | **Janus**<br> **Henderson**<br> **VIT Overseas,**<br> **Serv** | **Janus**<br> **Henderson**<br> **VIT Res,**<br> **Serv** | **Lazard Ret**<br> **Emer Mkts Eq,**<br> **Serv** | **Lazard Ret**<br> **Global Dyn MA,**<br> **Serv** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(348445) | $105286 | $(687626) | $19564 | $(102527) |
|  Net realized gain (loss) on sales of investments | 2268282 | 495222 | 3789000 | 2665 | 6271 |
|  Distributions from capital gains |  |  | 2032906 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 8358473 | 245091 | 13959345 | 6212 | 806280 |
|  Net increase (decrease) in net assets resulting from operations | 10278310 | 845599 | 19093625 | 28441 | 710024 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 2936021 | 1920825 | 331848 | 471717 | 76356 |
|  Net transfers<sup>(1)</sup> | 715092 | 1878140 | (834170) | 85466 | (345159) |
|  Transfers for policy loans | 8391 | (6718) | 8259 |  | (1838) |
|  Adjustments to net assets allocated to contracts in payment period | (24409) | (116351) | (9943) |  |  |
|  Contract charges | (14923) | (9776) | (51194) | (204) | (3390) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (4166798) | (1604385) | (5615324) | (13660) | (578539) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (188659) | (171043) | (842989) |  | (549338) |
|  Increase (decrease) from transactions | (735285) | 1890692 | (7013513) | 543319 | (1401908) |
|  Net assets at beginning of year | 33979779 | 20209312 | 58985179 | 374232 | 10001124 |
|  Net assets at end of year | $43522804 | $22945603 | $71065291 | $945992 | $9309240 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 9594714 | 10521447 | 15162546 | 331539 | 6833551 |
|  Units purchased | 1410593 | 2271543 | 212200 | 579885 | 74031 |
|  Units redeemed | (1137404) | (911045) | (1682732) | (122007) | (987863) |
|  Units outstanding at end of year | 9867903 | 11881945 | 13692014 | 789417 | 5919719 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **69** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Lord Abt**<br> **Bond Debenture,**<br> **Cl VC** | **Lord Abt**<br> **Short Dur Inc,**<br> **Cl VC** | **LVIP AC**<br> **Intl,**<br> **Serv Cl** | **LVIP AC**<br> **Intl,**<br> **Std Cl II** | **LVIP AC**<br> **Mid Cap Val,**<br> **Serv Cl** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $305006 | $458883 | $77165 | $46563 | $522636 |
|  Net realized gain (loss) on sales of investments | 4358 | 4746 | 275191 | 87815 | 254763 |
|  Distributions from capital gains |  |  |  |  | 1780581 |
|  Net change in unrealized appreciation (depreciation) of investments | (55575) | (44316) | (56612) | (6493) | 176601 |
|  Net increase (decrease) in net assets resulting from operations | 253789 | 419313 | 295744 | 127885 | 2734581 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 3181621 | 3899936 | 336193 | 38974 | 1246921 |
|  Net transfers<sup>(1)</sup> | 472769 | 475294 | (33758) | (179942) | (1442389) |
|  Transfers for policy loans |  | (4775) | (4879) | 4614 | 3682 |
|  Adjustments to net assets allocated to contracts in payment period |  |  | (11709) | (4582) | (7078) |
|  Contract charges | (1341) | (4926) | (11213) | (1455) | (19592) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (168672) | (504416) | (1574006) | (596209) | (3833490) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (417891) | (68650) | (199533) | (67829) | (383358) |
|  Increase (decrease) from transactions | 3066486 | 3792463 | (1498905) | (806429) | (4435304) |
|  Net assets at beginning of year | 3235814 | 8706875 | 16815760 | 6221353 | 38655066 |
|  Net assets at end of year | $6556089 | $12918651 | $15612599 | $5542809 | $36954343 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 3236578 | 8565201 | 7364877 | 2879596 | 11492748 |
|  Units purchased | 3983408 | 4398813 | 190452 | 19247 | 528910 |
|  Units redeemed | (1011674) | (746468) | (758645) | (377841) | (1846609) |
|  Units outstanding at end of year | 6208312 | 12217546 | 6796684 | 2521002 | 10175049 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **70** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **LVIP AC**<br> **Ultra,**<br> **Serv Cl** | **LVIP AC**<br> **Val,**<br> **Serv Cl** | **LVIP AC**<br> **Val,**<br> **Std Cl II** | **LVIP JPM**<br> **US Eq,**<br> **Serv Cl** | **Mac VIP**<br> **Asset Strategy,**<br> **Serv Cl** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(483907) | $3036226 | $533703 | $(29764) | $104515 |
|  Net realized gain (loss) on sales of investments | 3370109 | 5989933 | 1316953 | 109549 | (102354) |
|  Distributions from capital gains | 4563151 | 10090398 | 1563403 | 196533 | 474237 |
|  Net change in unrealized appreciation (depreciation) of investments | 5090019 | (5140814) | (1189346) | 572959 | 892322 |
|  Net increase (decrease) in net assets resulting from operations | 12539372 | 13975743 | 2224713 | 849277 | 1368720 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 303296 | 2603243 | 134446 | 63252 | 132452 |
|  Net transfers<sup>(1)</sup> | (3165757) | (6356239) | (929294) | 140722 | (324463) |
|  Transfers for policy loans | 13392 | (20020) | 13423 |  |  |
|  Adjustments to net assets allocated to contracts in payment period | (120166) | (47428) | (33176) |  | (48207) |
|  Contract charges | (32550) | (85635) | (4906) | (2858) | (5076) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (6265149) | (17168793) | (3328542) | (44070) | (783770) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (1152998) | (2998663) | (323455) | (52953) | (498825) |
|  Increase (decrease) from transactions | (10419932) | (24073535) | (4471504) | 104093 | (1527889) |
|  Net assets at beginning of year | 49845444 | 177917001 | 27678358 | 3818972 | 12556758 |
|  Net assets at end of year | $51964884 | $167819209 | $25431567 | $4772342 | $12397589 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 8646873 | 46305319 | 5193536 | 3278588 | 8132125 |
|  Units purchased | 47866 | 646835 | 26233 | 315519 | 363570 |
|  Units redeemed | (1607268) | (6853152) | (826123) | (246876) | (1273450) |
|  Units outstanding at end of year | 7087471 | 40099002 | 4393646 | 3347231 | 7222245 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **71** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Mac VIP**<br> **for Inc,**<br> **Serv Cl** | **Mac VIP**<br> **Intl Core Eq,**<br> **Serv Cl<sup>(2)</sup>** | **MFS Gbl**<br> **Real Est,**<br> **Serv Cl** | **MFS**<br> **Intl Gro,**<br> **Serv Cl** | **MFS Mass**<br> **Inv Gro Stock,**<br> **Serv Cl** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $85657 | $5403 | $9681 | $(6755) | $(549179) |
|  Net realized gain (loss) on sales of investments | 683 | 798 | 7375 | 70799 | 1815711 |
|  Distributions from capital gains |  | 2430 |  | 14407 | 6306139 |
|  Net change in unrealized appreciation (depreciation) of investments | (11902) | (30159) | (58666) | 156293 | 2370596 |
|  Net increase (decrease) in net assets resulting from operations | 74438 | (21528) | (41610) | 234744 | 9943267 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 530845 | 81597 | 631290 | 2303608 | 335429 |
|  Net transfers<sup>(1)</sup> | 110753 | 1233562 | 75574 | 289388 | (2691064) |
|  Transfers for policy loans |  |  | (332) |  | (14164) |
|  Adjustments to net assets allocated to contracts in payment period |  |  |  |  | (3072) |
|  Contract charges | (46) | (157) | (637) | (1554) | (30370) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (26063) | (8581) | (80211) | (69579) | (6981242) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits |  | (4653) |  | (147926) | (973762) |
|  Increase (decrease) from transactions | 615489 | 1301768 | 625684 | 2373937 | (10358245) |
|  Net assets at beginning of year | 973830 |  | 1029350 | 2961867 | 70050733 |
|  Net assets at end of year | $1663757 | $1280240 | $1613424 | $5570548 | $69635755 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 911900 |  | 1148178 | 2679935 | 26423354 |
|  Units purchased | 598902 | 1308056 | 1128078 | 2534445 | 121486 |
|  Units redeemed | (27827) | (12924) | (403490) | (530076) | (3692103) |
|  Units outstanding at end of year | 1482975 | 1295132 | 1872766 | 4684304 | 22852737 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

<sup>(2)</sup> For the period April 26, 2024 (commencement of operations) to December 31, 2024.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **72** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **MFS**<br> **New Dis,**<br> **Serv Cl** | **MFS**<br> **Research Intl,**<br> **Serv Cl** | **MFS**<br> **Utilities,**<br> **Serv Cl** | **MS**<br> **VIF Dis,**<br> **Cl II** | **NB AMT**<br> **Sus Eq,**<br> **Cl S** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(249928) | $10280 | $1397151 | $(696093) | $(196056) |
|  Net realized gain (loss) on sales of investments | (1717320) | 47247 | 2443216 | (14440417) | 987706 |
|  Distributions from capital gains |  |  | 3677529 |  | 913000 |
|  Net change in unrealized appreciation (depreciation) of investments | 3573226 | (48743) | 5021507 | 38863121 | 2384577 |
|  Net increase (decrease) in net assets resulting from operations | 1605978 | 8784 | 12539403 | 23726611 | 4089227 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 154374 | 1035445 | 2895408 | 2147977 | 242359 |
|  Net transfers<sup>(1)</sup> | (1277299) | 152708 | (3773988) | (8538130) | (1149167) |
|  Transfers for policy loans | 1710 | (4586) | (7560) | (6984) | 7471 |
|  Adjustments to net assets allocated to contracts in payment period | (17482) |  | (46847) | (11379) |  |
|  Contract charges | (17492) | (1072) | (72460) | (34295) | (6127) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (2941716) | (176187) | (15062828) | (5688201) | (660995) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (276981) | (38607) | (2304492) | (1128005) | (419041) |
|  Increase (decrease) from transactions | (4374886) | 967701 | (18372767) | (13259017) | (1985500) |
|  Net assets at beginning of year | 30053230 | 1821180 | 128926512 | 66635644 | 17390450 |
|  Net assets at end of year | $27284322 | $2797665 | $123093148 | $77103238 | $19494177 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 8074376 | 1693052 | 30874726 | 18520966 | 4557532 |
|  Units purchased | 43291 | 1287632 | 788416 | 565473 | 98048 |
|  Units redeemed | (1168893) | (424546) | (5099291) | (3811156) | (551616) |
|  Units outstanding at end of year | 6948774 | 2556138 | 26563851 | 15275283 | 4103964 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **73** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **PIMCO VIT**<br> **All Asset,**<br> **Advisor Cl** | **PIMCO VIT**<br> **Glb Man As Alloc,**<br> **Adv Cl** | **PIMCO VIT**<br> **Tot Return,**<br> **Advisor Cl** | **Put VT**<br> **Global Hlth Care,**<br> **Cl IB** | **Put VT**<br> **Intl Eq,**<br> **Cl IB** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $2532826 | $130485 | $1920695 | $(111288) | $131185 |
|  Net realized gain (loss) on sales of investments | (1375904) | (125847) | (803212) | 434824 | 192065 |
|  Distributions from capital gains |  |  |  | 1115876 |  |
|  Net change in unrealized appreciation (depreciation) of investments | 81869 | 501357 | (212165) | (1263780) | (90246) |
|  Net increase (decrease) in net assets resulting from operations | 1238791 | 505995 | 905318 | 175632 | 233004 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1325453 | 42502 | 6053372 | 2395338 | 87771 |
|  Net transfers<sup>(1)</sup> | (1579803) | 87525 | 8495493 | (384710) | 614813 |
|  Transfers for policy loans | 7287 | 99 | (7484) | 62 | 1742 |
|  Adjustments to net assets allocated to contracts in payment period | (41853) | (458) |  | (5139) | (2348) |
|  Contract charges | (39538) | (1252) | (17855) | (16252) | (6825) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (5107363) | (413953) | (4711493) | (2731699) | (1266752) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (998459) | (111831) | (953637) | (152361) | (102298) |
|  Increase (decrease) from transactions | (6434276) | (397368) | 8858396 | (894761) | (673897) |
|  Net assets at beginning of year | 50062030 | 5409018 | 60236162 | 24464647 | 10187942 |
|  Net assets at end of year | $44866545 | $5517645 | $69999876 | $23745518 | $9747049 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 26172311 | 3886093 | 59225038 | 6060172 | 4622406 |
|  Units purchased | 848982 | 288605 | 14245080 | 1555264 | 307602 |
|  Units redeemed | (4156140) | (563631) | (5627657) | (1029818) | (602256) |
|  Units outstanding at end of year | 22865153 | 3611067 | 67842461 | 6585618 | 4327752 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **74** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Put VT**<br> **Intl Val,<br>Cl IB** | **Put VT**<br> **Lg Cap Val,<br>Cl IB** | **Put VT**<br> **Sus Fut,<br>Cl IB** | **Put VT**<br> **Sus Leaders,<br>Cl IA** | **Put VT**<br> **Sus Leaders,<br>Cl IB** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $40105 | $(16295) | $(20208) | $(752550) | $(255405) |
|  Net realized gain (loss) on sales of investments | 38024 | 74952 | 20658 | 3524042 | 1937044 |
|  Distributions from capital gains | 8842 | 449212 |  | 540328 | 257140 |
|  Net change in unrealized appreciation (depreciation) of investments | 17085 | 1002122 | 249844 | 13180334 | 5612632 |
|  Net increase (decrease) in net assets resulting from operations | 104056 | 1509991 | 250294 | 16492154 | 7551411 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1245202 | 7186886 | 524551 | 250599 | 1021900 |
|  Net transfers<sup>(1)</sup> | 243748 | 1930375 | 106005 | (779172) | (531670) |
|  Transfers for policy loans |  | (4627) | (2708) | 24942 | 11044 |
|  Adjustments to net assets allocated to contracts in payment period |  |  |  | (88367) | (8193) |
|  Contract charges | (435) | (3212) | (382) | (27394) | (16866) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (63154) | (221907) | (3549) | (7086543) | (4351624) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (7280) | (56068) |  | (1183956) | (560444) |
|  Increase (decrease) from transactions | 1418081 | 8831447 | 623917 | (8889891) | (4435853) |
|  Net assets at beginning of year | 2552287 | 7146579 | 1670527 | 77571550 | 35480818 |
|  Net assets at end of year | $4074424 | $17488017 | $2544738 | $85173813 | $38596376 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 2140735 | 6202781 | 1495230 | 12136569 | 8857667 |
|  Units purchased | 1365222 | 7006197 | 558179 | 37579 | 512258 |
|  Units redeemed | (223956) | (336039) | (50090) | (1232528) | (1025038) |
|  Units outstanding at end of year | 3282001 | 12872939 | 2003319 | 10941620 | 8344887 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **75** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **Royce<br>Micro-Cap,<br>Invest Cl** | **Temp<br>Global Bond,**<br> **Cl 2** | **Third Ave<br>VST Third<br>Ave Value** | **VanEck VIP<br>Global Gold,<br>Cl S** | **VP**<br> **Aggr,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(89411) | $(158618) | $176445 | $619627 | $(8026953) |
|  Net realized gain (loss) on sales of investments | 87223 | (1071760) | 484472 | 448601 | 68143243 |
|  Distributions from capital gains | 723617 |  | 816604 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 543447 | (728254) | (1709023) | 2738341 | 31699675 |
|  Net increase (decrease) in net assets resulting from operations | 1264876 | (1958632) | (231502) | 3806569 | 91815965 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 66909 | 168529 | 42849 | 719892 | 36005381 |
|  Net transfers<sup>(1)</sup> | (256086) | (784816) | (29542) | 425224 | (33035997) |
|  Transfers for policy loans | (2525) | 2439 | 8751 | (4768) | 18708 |
|  Adjustments to net assets allocated to contracts in payment period | (3523) |  | (19370) |  | 350373 |
|  Contract charges | (2823) | (5191) | (3063) | (9649) | (3347367) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1060518) | (1459764) | (1493345) | (1793775) | (75640936) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (127204) | (401701) | (68037) | (246558) | (14166469) |
|  Increase (decrease) from transactions | (1385770) | (2480504) | (1561757) | (909634) | (89816307) |
|  Net assets at beginning of year | 10731149 | 17501655 | 11134674 | 29906295 | 789147191 |
|  Net assets at end of year | $10610255 | $13062519 | $9341415 | $32803230 | $791146849 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 1549346 | 21204300 | 1992942 | 27682112 | 323687764 |
|  Units purchased | 12072 | 416839 | 8863 | 2158677 | 17959557 |
|  Units redeemed | (202945) | (3599827) | (278023) | (3030525) | (50415057) |
|  Units outstanding at end of year | 1358473 | 18021312 | 1723782 | 26810264 | 291232264 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **76** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **VP**<br> **Aggr,**<br> **Cl 4** | **VP**<br> **Conserv,**<br> **Cl 2** | **VP**<br> **Conserv,**<br> **Cl 4** | **VP**<br> **Man Risk,**<br> **Cl 2** | **VP Man<br>Risk US,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(4056955) | $(4350273) | $(2667175) | $(2329010) | $(3753904) |
|  Net realized gain (loss) on sales of investments | 42497915 | 9521722 | 10180456 | 4464986 | 9158330 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 11955777 | 8883337 | 1862656 | 16684213 | 32661890 |
|  Net increase (decrease) in net assets resulting from operations | 50396737 | 14054786 | 9375937 | 18820189 | 38066316 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 3658259 | 7040717 | 450092 | 506024 | 1950039 |
|  Net transfers<sup>(1)</sup> | (10324686) | 16891430 | (486171) | (2732337) | 304986 |
|  Transfers for policy loans | (75472) | 24749 | 17432 | (30859) | 158 |
|  Adjustments to net assets allocated to contracts in payment period |  | 74094 |  | (7904) | (53655) |
|  Contract charges | (2045812) | (3758828) | (1953929) | (3858817) | (5839747) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (48561289) | (51127319) | (29228793) | (11885894) | (22268002) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (3497854) | (11028432) | (8926253) | (1439543) | (2491562) |
|  Increase (decrease) from transactions | (60846854) | (41883589) | (40127622) | (19449330) | (28397783) |
|  Net assets at beginning of year | 431463909 | 438601943 | 289934607 | 232533725 | 366202892 |
|  Net assets at end of year | $421013792 | $410773140 | $259182922 | $231904584 | $375871425 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 173886253 | 327628102 | 215363559 | 195837557 | 276365139 |
|  Units purchased | 1528788 | 19036913 | 2299391 | 491774 | 3914727 |
|  Units redeemed | (24115556) | (50077984) | (31593827) | (16062064) | (23807362) |
|  Units outstanding at end of year | 151299485 | 296587031 | 186069123 | 180267267 | 256472504 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **77** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **VP Man**<br> **Vol Conserv,**<br> **Cl 2** | **VP Man**<br> **Vol Conserv Gro,**<br> **Cl 2** | **VP Man**<br> **Vol Gro,**<br> **Cl 2** | **VP Man**<br> **Vol Mod Gro,**<br> **Cl 2** | **VP**<br> **Mod,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(5206582) | $(10753152) | $(104958557) | $(112400625) | $(65459349) |
|  Net realized gain (loss) on sales of investments | 7325222 | 34309137 | 451219601 | 546281139 | 327603735 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 14048642 | 36000535 | 753928556 | 472716383 | 222921151 |
|  Net increase (decrease) in net assets resulting from operations | 16167282 | 59556520 | 1100189600 | 906596897 | 485065537 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1827274 | 6042617 | 16411434 | 25772759 | 106791828 |
|  Net transfers<sup>(1)</sup> | 45945133 | 14750163 | (152217402) | (134607074) | 62242397 |
|  Transfers for policy loans | (18433) | (8) | (30572) | (7611) | 128988 |
|  Adjustments to net assets allocated to contracts in payment period | (22540) | (116056) | (943099) | (28090) | (186353) |
|  Contract charges | (9017572) | (17375851) | (168028595) | (181485036) | (70891106) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (59489808) | (85879712) | (756187666) | (1030123284) | (631966608) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (9240207) | (24942829) | (69297750) | (106913598) | (101077137) |
|  Increase (decrease) from transactions | (30016153) | (107521676) | (1130293650) | (1427391934) | (634957991) |
|  Net assets at beginning of year | 526282938 | 1086575070 | 10404576946 | 11297786998 | 6534930320 |
|  Net assets at end of year | $512434067 | $1038609914 | $10374472896 | $10776991961 | $6385037866 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 458306125 | 854945731 | 6709471889 | 7556338165 | 3490896601 |
|  Units purchased | 47905023 | 48746804 | 129761281 | 188809626 | 107128046 |
|  Units redeemed | (74465605) | (131679936) | (810380114) | (1110870080) | (430627413) |
|  Units outstanding at end of year | 431745543 | 772012599 | 6028853056 | 6634277711 | 3167397234 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **78** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **VP**<br> **Mod,**<br> **Cl 4** | **VP**<br> **Mod Aggr,**<br> **Cl 2** | **VP**<br> **Mod Aggr,**<br> **Cl 4** | **VP**<br> **Mod Conserv,**<br> **Cl 2** | **VP**<br> **Mod Conserv,**<br> **Cl 4** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(46316129) | $(21107369) | $(12162294) | $(10198913) | $(7584579) |
|  Net realized gain (loss) on sales of investments | 372900589 | 177375944 | 124041372 | 44948371 | 55486754 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 38556030 | 44665239 | 12779260 | 17315224 | (6097511) |
|  Net increase (decrease) in net assets resulting from operations | 365140490 | 200933814 | 124658338 | 52064682 | 41804664 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 4979001 | 69544914 | 7669138 | 15085031 | 944817 |
|  Net transfers<sup>(1)</sup> | 4518151 | (95971829) | (35531775) | 11931563 | 3069878 |
|  Transfers for policy loans | (6089) | (5756) | 136292 | 19284 | 12702 |
|  Adjustments to net assets allocated to contracts in payment period |  | (439756) |  | 279375 |  |
|  Contract charges | (34948375) | (8455968) | (5327004) | (7973375) | (5104699) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (500158759) | (218257385) | (145212679) | (103281478) | (88282043) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (101092059) | (28105497) | (10807561) | (26437274) | (28360217) |
|  Increase (decrease) from transactions | (626708130) | (281691277) | (189073589) | (110376874) | (117719562) |
|  Net assets at beginning of year | 4944758929 | 2117397386 | 1308145490 | 1021213769 | 807956716 |
|  Net assets at end of year | $4683191289 | $2036639923 | $1243730239 | $962901577 | $732041818 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 2620110605 | 990336177 | 603948163 | 648002062 | 508545749 |
|  Units purchased | 9883919 | 30999870 | 3478152 | 24113071 | 3622516 |
|  Units redeemed | (325406403) | (154321758) | (84992094) | (92475876) | (74922225) |
|  Units outstanding at end of year | 2304588121 | 867014289 | 522434221 | 579639257 | 437246040 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **79** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **VP Ptnrs**<br> **Core Bond,**<br> **Cl 2** | **VP Ptnrs**<br> **Core Eq,**<br> **Cl 2** | **VP Ptnrs**<br> **Core Eq,**<br> **Cl 3** | **VP Ptnrs**<br> **Intl Core Eq,**<br> **Cl 2** | **VP Ptnrs**<br> **Intl Gro,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $422473 | $(142462) | $(172062) | $4567 | $(200235) |
|  Net realized gain (loss) on sales of investments | (205511) | 1225637 | 3052222 | 19393 | (10076) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | (51647) | 1330278 | 880559 | 867924 | (508177) |
|  Net increase (decrease) in net assets resulting from operations | 165315 | 2413453 | 3760719 | 891884 | (718488) |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1477242 | 537193 | 69163 | 1007401 | 1139242 |
|  Net transfers<sup>(1)</sup> | 2452684 | (31641) | (891647) | 1620943 | 318708 |
|  Transfers for policy loans | (2825) | (93) | (3770) | 104 | 6088 |
|  Adjustments to net assets allocated to contracts in payment period |  |  | (6281) |  |  |
|  Contract charges | (21822) | (12605) | (32999) | (28675) | (24896) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1206789) | (1221041) | (2759596) | (1273820) | (2749032) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (96541) | (138574) | (320269) | (231593) | (609462) |
|  Increase (decrease) from transactions | 2601949 | (866761) | (3945399) | 1094360 | (1919352) |
|  Net assets at beginning of year | 15773247 | 11487951 | 18291878 | 20031016 | 33811881 |
|  Net assets at end of year | $18540511 | $13034643 | $18107198 | $22017260 | $31174041 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 14109963 | 3210784 | 5663166 | 12129101 | 19142149 |
|  Units purchased | 3508833 | 270717 | 19647 | 1897282 | 1151845 |
|  Units redeemed | (1198947) | (492103) | (1090650) | (1256307) | (2204380) |
|  Units outstanding at end of year | 16419849 | 2989398 | 4592163 | 12770076 | 18089614 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **80** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **VP Ptnrs**<br> **Intl Val,**<br> **Cl 2** | **VP Ptnrs**<br> **Sm Cap Gro,**<br> **Cl 2** | **VP Ptnrs**<br> **Sm Cap Val,**<br> **Cl 2** | **VP Ptnrs**<br> **Sm Cap Val,**<br> **Cl 3** | **VP US**<br> **Flex Conserv Gro,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $367821 | $(189257) | $(118509) | $(401373) | $(3132725) |
|  Net realized gain (loss) on sales of investments | 228081 | 377993 | 331440 | 3991209 | 7994224 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 186517 | 2594585 | 486629 | (562188) | 19816496 |
|  Net increase (decrease) in net assets resulting from operations | 782419 | 2783321 | 699560 | 3027648 | 24677995 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1186382 | 2337580 | 757982 | 264415 | 2568529 |
|  Net transfers<sup>(1)</sup> | (140629) | 276634 | (595277) | (538376) | 11243714 |
|  Transfers for policy loans |  | 187 | 85 | 2049 | 229 |
|  Adjustments to net assets allocated to contracts in payment period |  |  |  | (19632) | (20188) |
|  Contract charges | (20737) | (29883) | (16980) | (92446) | (4766583) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1526337) | (1327476) | (602198) | (5043181) | (25540862) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (308788) | (228134) | (108088) | (654793) | (5083757) |
|  Increase (decrease) from transactions | (810109) | 1028908 | (564476) | (6081964) | (21598918) |
|  Net assets at beginning of year | 24464590 | 15824016 | 11215912 | 47500341 | 301739189 |
|  Net assets at end of year | $24436900 | $19636245 | $11350996 | $44446025 | $304818266 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 17865507 | 5906125 | 4596872 | 12364950 | 244360261 |
|  Units purchased | 1059793 | 2193058 | 437608 | 73321 | 16631910 |
|  Units redeemed | (1625345) | (1204138) | (622943) | (1624737) | (33183209) |
|  Units outstanding at end of year | 17299955 | 6895045 | 4411537 | 10813534 | 227808962 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **81** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2024 (continued)** | **VP US**<br> **Flex Gro,**<br> **Cl 2** | **VP US**<br> **Flex Mod Gro,**<br> **Cl 2** | **Wanger**<br> **Acorn** | **Wanger**<br> **Intl** | **WA Var Global**<br> **Hi Yd Bond,**<br> **Cl II** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(39443916) | $(19466946) | $(1417555) | $461124 | $602406 |
|  Net realized gain (loss) on sales of investments | 89880815 | 46173582 | (10552680) | (3855228) | (191871) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 528831932 | 193570643 | 31718697 | (5260087) | 252609 |
|  Net increase (decrease) in net assets resulting from operations | 579268831 | 220277279 | 19748462 | (8654191) | 663144 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 11822046 | 9235785 | 2480433 | 1610708 | 1588059 |
|  Net transfers<sup>(1)</sup> | 128675518 | 40825019 | (4355145) | (1711450) | 826426 |
|  Transfers for policy loans | (41408) | 12745 | (16972) | 32988 | (395) |
|  Adjustments to net assets allocated to contracts in payment period | 207818 | (50367) | 28450 | (25416) |  |
|  Contract charges | (63940669) | (30006643) | (128117) | (99214) | (2986) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (233676179) | (127983969) | (18142291) | (10223708) | (705517) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (22800140) | (14291529) | (1939183) | (1268787) | (196447) |
|  Increase (decrease) from transactions | (179753014) | (122258959) | (22072825) | (11684879) | 1509140 |
|  Net assets at beginning of year | 3678127818 | 1861012185 | 159428826 | 104635291 | 10680692 |
|  Net assets at end of year | $4077643635 | $1959030505 | $157104463 | $84296221 | $12852976 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 2426804903 | 1352692329 | 32426327 | 30059677 | 9036151 |
|  Units purchased | 106257823 | 44370760 | 1844372 | 592016 | 2283194 |
|  Units redeemed | (214295947) | (126864651) | (5046423) | (3886199) | (972133) |
|  Units outstanding at end of year | 2318766779 | 1270198438 | 29224276 | 26765494 | 10347212 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **82** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023** | **AB VPS**<br> **Dyn Asset Alloc,**<br> **Cl B** | **AB VPS**<br> **Intl Val,**<br> **Cl B** | **AB VPS**<br> **Lg Cap Gro,**<br> **Cl B** | **AB VPS**<br> **Relative Val,**<br> **Cl B** | **AB VPS Sus**<br> **Gbl Thematic,**<br> **Cl B** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(42772) | $(139019) | $(1414556) | $282089 | $(77046) |
|  Net realized gain (loss) on sales of investments | (306216) | (638266) | 514525 | 841792 | (94195) |
|  Distributions from capital gains |  |  | 9601713 | 5749453 | 491452 |
|  Net change in unrealized appreciation (depreciation) of investments | 1397043 | 9490109 | 28535914 | 339453 | 896591 |
|  Net increase (decrease) in net assets resulting from operations | 1048055 | 8712824 | 37237596 | 7212787 | 1216802 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 85218 | 653874 | 8049168 | 1154311 | 1926588 |
|  Net transfers<sup>(1)</sup> | (88050) | (479199) | 1123312 | (1442415) | (423791) |
|  Transfers for policy loans |  | 23142 | (8743) | (6769) | 4916 |
|  Adjustments to net assets allocated to contracts in payment period |  | (20570) | (19947) | (38773) | (3077) |
|  Contract charges | (3081) | (86179) | (43509) | (48482) | (5576) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (272783) | (6666054) | (7940277) | (6751563) | (613165) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (356859) | (641298) | (1884639) | (993130) | (67269) |
|  Increase (decrease) from transactions | (635555) | (7216284) | (724635) | (8126821) | 818626 |
|  Net assets at beginning of year | 8890818 | 64851502 | 111581660 | 72787590 | 7697418 |
|  Net assets at end of year | $9303318 | $66348042 | $148094621 | $71873556 | $9732846 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 7605874 | 43732652 | 25048450 | 21768798 | 3064811 |
|  Units purchased | 122257 | 743081 | 2017001 | 375080 | 1115960 |
|  Units redeemed | (649663) | (5214835) | (2019305) | (2689353) | (828635) |
|  Units outstanding at end of year | 7078468 | 39260898 | 25046146 | 19454525 | 3352136 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **83** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Allspg VT<br>Index Asset Alloc,<br>Cl 2** | **Allspg VT**<br> **Opp,**<br> **Cl 2** | **Allspg VT**<br> **Sm Cap Gro,**<br> **Cl 2** | **ALPS Alerian**<br> **Engy Infr,**<br> **Class III** | **BlackRock**<br> **Adv SMID**<br> **Cap VI,**<br> **Cl III** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $20854 | $(381183) | $(714791) | $846535 | $19940 |
|  Net realized gain (loss) on sales of investments | 93165 | 437758 | (2742518) | 625860 | 3007 |
|  Distributions from capital gains | 596791 | 3344437 |  | 460878 |  |
|  Net change in unrealized appreciation (depreciation) of investments | 2098481 | 5669137 | 5629395 | 3099501 | 185143 |
|  Net increase (decrease) in net assets resulting from operations | 2809291 | 9070149 | 2172086 | 5032774 | 208090 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 68829 | 225184 | 2293078 | 1346316 | 1049199 |
|  Net transfers<sup>(1)</sup> | (85769) | (1067217) | 981316 | (1974239) | 172150 |
|  Transfers for policy loans | 2606 | (3654) | (9745) | (824) |  |
|  Adjustments to net assets allocated to contracts in payment period | (42022) | (10053) | (11503) | (6571) |  |
|  Contract charges | (12287) | (25474) | (34630) | (18889) | (217) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1118463) | (5019434) | (5169423) | (2909298) | (28320) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (121946) | (689392) | (865584) | (581867) |  |
|  Increase (decrease) from transactions | (1309052) | (6590040) | (2816491) | (4145372) | 1192812 |
|  Net assets at beginning of year | 18561500 | 38727474 | 71368662 | 42305667 | 329153 |
|  Net assets at end of year | $20061739 | $41207583 | $70724257 | $43193069 | $1730055 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 5961996 | 9953649 | 19709570 | 38045287 | 341148 |
|  Units purchased | 32383 | 79411 | 1167315 | 1253104 | 1416022 |
|  Units redeemed | (420770) | (1579084) | (1956393) | (4856730) | (228315) |
|  Units outstanding at end of year | 5573609 | 8453976 | 18920492 | 34441661 | 1528855 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **84** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **BlackRock**<br> **Global Alloc,**<br> **Cl III** | **BNY Mellon**<br> **Sus US Eq,**<br> **Serv** | **Calvert VP**<br> **SRI Bal,**<br> **Cl F** | **Calvert VP<br>SRI Bal,**<br> **Cl I** | **CB Var**<br> **Sm Cap Gro,**<br> **Cl I** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $1040749 | $(9277) | $9172 | $142785 | $(143111) |
|  Net realized gain (loss) on sales of investments | (1935185) | (1031) | 25851 | 130232 | (122629) |
|  Distributions from capital gains |  | 37378 | 4412 | 75306 |  |
|  Net change in unrealized appreciation (depreciation) of investments | 8671687 | 271121 | 112070 | 2608800 | 1304291 |
|  Net increase (decrease) in net assets resulting from operations | 7777251 | 298191 | 151505 | 2957123 | 1038551 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 2542927 | 2454159 | 956906 | 80473 | 131581 |
|  Net transfers<sup>(1)</sup> | (633451) | 1809 | 6336 | 327980 | 665063 |
|  Transfers for policy loans | 3999 |  |  | 9595 | 6135 |
|  Adjustments to net assets allocated to contracts in payment period | (31610) |  |  | (4443) | (4748) |
|  Contract charges | (28293) | (79) | (13) | (17390) | (11973) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (5662226) | (3208) | (7958) | (1416399) | (1350374) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (1249212) |  |  | (71842) | (208734) |
|  Increase (decrease) from transactions | (5057866) | 2452681 | 955271 | (1092026) | (773050) |
|  Net assets at beginning of year | 71676615 | 239196 | 326429 | 19357174 | 14792656 |
|  Net assets at end of year | $74396000 | $2990068 | $1433205 | $21222271 | $15058157 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 48231412 | 257515 | 344102 | 8224519 | 4500892 |
|  Units purchased | 2490050 | 3408800 | 1274882 | 166187 | 272731 |
|  Units redeemed | (5750071) | (1019488) | (304156) | (602319) | (508911) |
|  Units outstanding at end of year | 44971391 | 2646827 | 1314828 | 7788387 | 4264712 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **85** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Col VP**<br> **Bal,**<br> **Cl 2** | **Col VP**<br> **Bal,**<br> **Cl 3** | **Col VP<br>Commodity**<br> **Strategy,**<br> **Cl 2** | **Col VP**<br> **Contrarian Core,**<br> **Cl 2** | **Col VP**<br> **Disciplined Core,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(791699) | $(5444996) | $3846106 | $(1344992) | $(504030) |
|  Net realized gain (loss) on sales of investments | 82606 | 21945963 | (2596162) | 6389483 | 1773432 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 14887453 | 79330762 | (3114290) | 29564955 | 8186059 |
|  Net increase (decrease) in net assets resulting from operations | 14178360 | 95831729 | (1864346) | 34609446 | 9455461 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 25036170 | 3859836 | 1101136 | 4467040 | 3394354 |
|  Net transfers<sup>(1)</sup> | (83849) | 32786852 | (5140123) | 6951643 | 1425393 |
|  Transfers for policy loans | 83 | 49844 | 600 | 3512 | (3686) |
|  Adjustments to net assets allocated to contracts in payment period |  | (138269) |  | (40937) |  |
|  Contract charges | (310388) | (268420) | (6402) | (123254) | (35275) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (4144016) | (44833940) | (2107853) | (8876250) | (2368688) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (518476) | (8269724) | (255765) | (1844833) | (577552) |
|  Increase (decrease) from transactions | 19979524 | (16813821) | (6408407) | 536921 | 1834546 |
|  Net assets at beginning of year | 61116415 | 489961560 | 24622744 | 114014619 | 40773900 |
|  Net assets at end of year | $95274299 | $568979468 | $16349991 | $149160986 | $52063907 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 70089838 | 183169074 | 29908651 | 45629605 | 10728291 |
|  Units purchased | 27212677 | 12887853 | 1516692 | 4099955 | 1295356 |
|  Units redeemed | (6233926) | (18668415) | (9767223) | (4020175) | (863683) |
|  Units outstanding at end of year | 91068589 | 177388512 | 21658120 | 45709385 | 11159964 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **86** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Col VP**<br> **Disciplined Core,**<br> **Cl 3** | **Col VP**<br> **Divd Opp,**<br> **Cl 2** | **Col VP**<br> **Divd Opp,**<br> **Cl 3** | **Col VP**<br> **Emerg Mkts Bond,**<br> **Cl 2** | **Col VP**<br> **Emer Mkts,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(3237851) | $(1065647) | $(3457822) | $391401 | $(508896) |
|  Net realized gain (loss) on sales of investments | 24181312 | 3918247 | 32847815 | (366641) | (3966928) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 45614003 | 676601 | (16011654) | 763166 | 8149960 |
|  Net increase (decrease) in net assets resulting from operations | 66557464 | 3529201 | 13378339 | 787926 | 3674136 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1635700 | 7853903 | 2374260 | 211378 | 1800989 |
|  Net transfers<sup>(1)</sup> | (3008127) | (2653232) | (6215213) | (91642) | (1274077) |
|  Transfers for policy loans | 69844 | 18455 | 85387 | (1697) | (4838) |
|  Adjustments to net assets allocated to contracts in payment period | (577520) | (5949) | (538357) | (1678) | (1698) |
|  Contract charges | (295403) | (58233) | (285079) | (4497) | (34599) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (23241537) | (5478299) | (35441740) | (670683) | (2126804) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (4206649) | (1999074) | (5986241) | (172157) | (776327) |
|  Increase (decrease) from transactions | (29623692) | (2322429) | (46006983) | (730976) | (2417354) |
|  Net assets at beginning of year | 302302150 | 97769476 | 398252532 | 9401141 | 46712050 |
|  Net assets at end of year | $339235922 | $98976248 | $365623888 | $9458091 | $47968832 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 96320193 | 33984509 | 106455214 | 10088186 | 40465875 |
|  Units purchased | 594807 | 3040524 | 702109 | 308834 | 1665431 |
|  Units redeemed | (9068583) | (3808238) | (13273227) | (1082301) | (3650385) |
|  Units outstanding at end of year | 87846417 | 33216795 | 93884096 | 9314719 | 38480921 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **87** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Col VP**<br> **Emer Mkts,<br>Cl 3** | **Col VP Global**<br> **Strategic Inc,<br>Cl 2** | **Col VP Global**<br> **Strategic Inc,<br>Cl 3** | **Col VP**<br> **Govt Money Mkt,<br>Cl 2** | **Col VP**<br> **Govt Money Mkt,<br>Cl 3** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(678552) | $172368 | $1037497 | $4862599 | $4512295 |
|  Net realized gain (loss) on sales of investments | (4264662) | (387702) | (2276344) |  | 419 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 10447293 | 908374 | 4963138 |  | (420) |
|  Net increase (decrease) in net assets resulting from operations | 5504079 | 693040 | 3724291 | 4862599 | 4512294 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 717146 | 784794 | 247798 | 29803697 | 2474651 |
|  Net transfers<sup>(1)</sup> | (1947268) | (346612) | 165746 | (6479447) | 12452796 |
|  Transfers for policy loans | 33904 | 980 | 18174 | 23976 | 42222 |
|  Adjustments to net assets allocated to contracts in payment period | (34376) | (506) | (40323) | (926) | (36160) |
|  Contract charges | (76321) | (1793) | (73006) | (90914) | (104087) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (6075936) | (538736) | (3960398) | (23785887) | (27004686) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (829928) | (336451) | (1070396) | (2244361) | (1604204) |
|  Increase (decrease) from transactions | (8212779) | (438324) | (4712405) | (2773862) | (13779468) |
|  Net assets at beginning of year | 71144153 | 8660404 | 45419507 | 146821124 | 135605131 |
|  Net assets at end of year | $68435453 | $8915120 | $44431393 | $148909861 | $126337957 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 31921757 | 9863382 | 31814943 | 160765010 | 125778978 |
|  Units purchased | 352356 | 946671 | 496772 | 38453126 | 14676219 |
|  Units redeemed | (3878173) | (1438349) | (3744832) | (42003414) | (27957820) |
|  Units outstanding at end of year | 28395940 | 9371704 | 28566883 | 157214722 | 112497377 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **88** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Col VP**<br> **Hi Yield Bond,<br>Cl 2** | **Col VP**<br> **Hi Yield Bond,<br>Cl 3** | **Col VP**<br> **Inc Opp,**<br> **Cl 2** | **Col VP**<br> **Inc Opp,**<br> **Cl 3** | **Col VP**<br> **Inter Bond,<br>Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $1924187 | $5110472 | $978517 | $2951005 | $681153 |
|  Net realized gain (loss) on sales of investments | (875776) | (2128984) | (967131) | (3415374) | (1664959) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 3632652 | 9098448 | 2490309 | 7599261 | 4173473 |
|  Net increase (decrease) in net assets resulting from operations | 4681063 | 12079936 | 2501695 | 7134892 | 3189667 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 2664376 | 592177 | 1870793 | 401004 | 6671369 |
|  Net transfers<sup>(1)</sup> | 712750 | (1623695) | 456203 | 203528 | 12284853 |
|  Transfers for policy loans | (4685) | (9437) | (1882) | 18027 | (8443) |
|  Adjustments to net assets allocated to contracts in payment period |  | (120166) |  | (17215) | (4246) |
|  Contract charges | (14257) | (77313) | (8456) | (109973) | (59085) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (3615393) | (11382893) | (2176853) | (7469269) | (3915249) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (1067138) | (2444512) | (720943) | (1674953) | (957482) |
|  Increase (decrease) from transactions | (1324347) | (15065839) | (581138) | (8648851) | 14011717 |
|  Net assets at beginning of year | 44830239 | 118265851 | 24876851 | 73104368 | 55788107 |
|  Net assets at end of year | $48186955 | $115279948 | $26797408 | $71590409 | $72989491 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 27214550 | 43790441 | 15640238 | 32732029 | 48670683 |
|  Units purchased | 2388782 | 227774 | 1878038 | 317050 | 16464929 |
|  Units redeemed | (3123374) | (5600885) | (2256598) | (4038426) | (4396586) |
|  Units outstanding at end of year | 26479958 | 38417330 | 15261678 | 29010653 | 60739026 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **89** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Col VP**<br> **Inter Bond,<br>Cl 3** | **Col VP**<br> **Lg Cap Gro,<br>Cl 2** | **Col VP**<br> **Lg Cap Gro,<br>Cl 3** | **Col VP**<br> **Lg Cap Index,<br>Cl 2** | **Col VP**<br> **Lg Cap Index,<br>Cl 3** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $2770366 | $(1056639) | $(1019465) | $(787071) | $(5020592) |
|  Net realized gain (loss) on sales of investments | (6733845) | 3275626 | 10236715 | 444448 | 28189068 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 14703622 | 30221654 | 31197193 | 16562383 | 84517870 |
|  Net increase (decrease) in net assets resulting from operations | 10740143 | 32440641 | 40414443 | 16219760 | 107686346 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1175406 | 7939630 | 730442 | 36698974 | 3917049 |
|  Net transfers<sup>(1)</sup> | 11884462 | 5301527 | 1791493 | 1815905 | 3953685 |
|  Transfers for policy loans | 10075 | (30179) | (19920) | (1194) | (33674) |
|  Adjustments to net assets allocated to contracts in payment period | (145350) |  | (72107) |  | (176871) |
|  Contract charges | (269834) | (106598) | (96033) | (72716) | (217322) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (19893439) | (4833681) | (10460277) | (2363801) | (31808162) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (5006266) | (1846717) | (2101176) | (982559) | (8902992) |
|  Increase (decrease) from transactions | (12244946) | 6423982 | (10227578) | 35094609 | (33268287) |
|  Net assets at beginning of year | 218262867 | 76441074 | 101466597 | 50100583 | 454455836 |
|  Net assets at end of year | $216758064 | $115305697 | $131653462 | $101414952 | $528873895 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 126392881 | 19629805 | 42115096 | 54509103 | 141826051 |
|  Units purchased | 7563557 | 3099921 | 789676 | 42415250 | 2799028 |
|  Units redeemed | (14568446) | (1602951) | (4466293) | (8171707) | (12080372) |
|  Units outstanding at end of year | 119387992 | 21126775 | 38438479 | 88752646 | 132544707 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **90** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Col VP Limited**<br> **Duration Cr,**<br> **Cl 2** | **Col VP Long**<br> **Govt/Cr Bond,<br>Cl 2** | **Col VP**<br> **Overseas Core,<br>Cl 2** | **Col VP**<br> **Overseas Core,<br>Cl 3** | **Col VP Select**<br> **Lg Cap Eq,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $1540804 | $288873 | $197866 | $403120 | $(14816) |
|  Net realized gain (loss) on sales of investments | (580190) | (656166) | (307517) | 105445 | 7088 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 3121161 | 1041022 | 4593937 | 6185469 | 338025 |
|  Net increase (decrease) in net assets resulting from operations | 4081775 | 673729 | 4484286 | 6694034 | 330297 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 4620370 | 1324932 | 1203197 | 429326 | 1879089 |
|  Net transfers<sup>(1)</sup> | 1531147 | 3533547 | 2098147 | (379075) | 89603 |
|  Transfers for policy loans | (5306) | (3211) | (42) | 30875 |  |
|  Adjustments to net assets allocated to contracts in payment period | (2801) | (6789) | (9256) | (69988) |  |
|  Contract charges | (75804) | (4587) | (32725) | (35093) | (30) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (7903876) | (744117) | (1712445) | (4063316) | (14574) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (2107262) | (259148) | (663962) | (899678) |  |
|  Increase (decrease) from transactions | (3943532) | 3840627 | 882914 | (4986949) | 1954088 |
|  Net assets at beginning of year | 74819442 | 10487401 | 31077424 | 49412603 | 500771 |
|  Net assets at end of year | $74957685 | $15001757 | $36444624 | $51119688 | $2785156 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 70474506 | 10846393 | 19479227 | 30269068 | 543959 |
|  Units purchased | 6457405 | 5454278 | 2134923 | 358473 | 1936565 |
|  Units redeemed | (10062623) | (1597917) | (1588635) | (3316998) | (87038) |
|  Units outstanding at end of year | 66869288 | 14702754 | 20025515 | 27310543 | 2393486 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **91** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Col VP Select<br>Lg Cap Val,<br>Cl 2** | **Col VP Select<br>Lg Cap Val,<br>Cl 3** | **Col VP Select<br>Mid Cap Gro,<br>Cl 2** | **Col VP Select<br>Mid Cap Gro,<br>Cl 3** | **Col VP Select<br>Mid Cap Val,<br>Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(686465) | $(422767) | $(338266) | $(644134) | $(434064) |
|  Net realized gain (loss) on sales of investments | 1994479 | 3440947 | 786931 | 4220790 | 1832155 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 1172383 | (1355268) | 6090493 | 9953036 | 2010687 |
|  Net increase (decrease) in net assets resulting from operations | 2480397 | 1662912 | 6539158 | 13529692 | 3408778 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 4872429 | 434554 | 2749689 | 391382 | 2292338 |
|  Net transfers<sup>(1)</sup> | (1401577) | (4106372) | 1720060 | 592156 | (1622660) |
|  Transfers for policy loans | (3032) | 6574 | (6751) | 7487 | (2310) |
|  Adjustments to net assets allocated to contracts in payment period |  | (13189) | (2152) | (97599) | (3272) |
|  Contract charges | (49990) | (26150) | (26590) | (39602) | (29171) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (3451224) | (4222259) | (2363771) | (4632181) | (2019646) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (1097569) | (1125796) | (541681) | (784837) | (1225987) |
|  Increase (decrease) from transactions | (1130963) | (9052638) | 1528804 | (4563194) | (2610708) |
|  Net assets at beginning of year | 64722923 | 50931510 | 27061011 | 58877623 | 40199883 |
|  Net assets at end of year | $66072357 | $43541784 | $35128973 | $67844121 | $40997953 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 17438148 | 13975178 | 10060351 | 19888100 | 12349992 |
|  Units purchased | 1752928 | 138784 | 1661141 | 381981 | 904197 |
|  Units redeemed | (1941617) | (2659980) | (1101215) | (1780414) | (1641967) |
|  Units outstanding at end of year | 17249459 | 11453982 | 10620277 | 18489667 | 11612222 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **92** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Col VP Select<br>Mid Cap Val,<br>Cl 3** | **Col VP Select<br>Sm Cap Val,<br>Cl 2** | **Col VP Select<br>Sm Cap Val,<br>Cl 3** | **Col VP Sel<br>Gbl Tech,<br>Cl 2** | **Col VP Sm<br>Cap Val,<br>Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(369973) | $(263665) | $(252646) | $(35305) | $(5191) |
|  Net realized gain (loss) on sales of investments | 3919122 | 547017 | 2019523 | 39757 | (3821) |
|  Distributions from capital gains |  |  |  | 184896 | 75545 |
|  Net change in unrealized appreciation (depreciation) of investments | (118438) | 2309135 | 1484165 | 959926 | 151062 |
|  Net increase (decrease) in net assets resulting from operations | 3430711 | 2592487 | 3251042 | 1149274 | 217595 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 241028 | 1114509 | 268125 | 5241312 | 901009 |
|  Net transfers<sup>(1)</sup> | (1186890) | 648677 | (431527) | 345263 | 132910 |
|  Transfers for policy loans | 7188 | (1084) | 612 |  |  |
|  Adjustments to net assets allocated to contracts in payment period | (5490) | (355) | (9146) |  |  |
|  Contract charges | (29315) | (22143) | (21891) | (427) | (215) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (4315414) | (1302375) | (2556702) | (26879) | (22211) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (759569) | (382540) | (429700) | (32240) | (38153) |
|  Increase (decrease) from transactions | (6048462) | 54689 | (3180229) | 5527029 | 973340 |
|  Net assets at beginning of year | 42797010 | 22557752 | 29169455 | 980493 | 404164 |
|  Net assets at end of year | $40179259 | $25204928 | $29240268 | $7656796 | $1595099 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 12743523 | 7906049 | 7804987 | 1145945 | 408962 |
|  Units purchased | 88245 | 747346 | 132145 | 6018498 | 1109331 |
|  Units redeemed | (1867356) | (716360) | (969944) | (918969) | (176020) |
|  Units outstanding at end of year | 10964412 | 7937035 | 6967188 | 6245474 | 1342273 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **93** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Col VP<br>Strategic Inc,<br>Cl 2** | **Col VP**<br> **US Govt Mtge,<br>Cl 2** | **Col VP**<br> **US Govt Mtge,<br>Cl 3** | **CS**<br> **Commodity**<br> **Return,<br>Cl 1** | **CTIVP**<br> **AC Div Bond,<br>Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $1745771 | $221927 | $687476 | $2709042 | $383637 |
|  Net realized gain (loss) on sales of investments | (2208486) | (595841) | (1339773) | (1757661) | (355487) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 6175243 | 998723 | 2277490 | (2383804) | 784078 |
|  Net increase (decrease) in net assets resulting from operations | 5712528 | 624809 | 1625193 | (1432423) | 812228 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 5542181 | 1205052 | 356383 | 104962 | 2142350 |
|  Net transfers<sup>(1)</sup> | 2912943 | (1295870) | 140319 | (735567) | 2235440 |
|  Transfers for policy loans | (1962) | 87 | 9900 | 1464 |  |
|  Adjustments to net assets allocated to contracts in payment period |  | (3277) | (2412) | (989) |  |
|  Contract charges | (17013) | (16579) | (28556) | (7877) | (39843) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (5115521) | (634433) | (3888027) | (1451161) | (895039) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (1695361) | (402105) | (1005473) | (169649) | (113550) |
|  Increase (decrease) from transactions | 1625267 | (1147125) | (4417866) | (2258817) | 3329358 |
|  Net assets at beginning of year | 70435881 | 15283045 | 40241502 | 15136544 | 16737956 |
|  Net assets at end of year | $77773676 | $14760729 | $37448829 | $11445304 | $20879542 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 60973747 | 16021201 | 31983695 | 21992569 | 15337665 |
|  Units purchased | 7482764 | 1469138 | 555913 | 192550 | 4043124 |
|  Units redeemed | (6180698) | (2679274) | (4133257) | (3695312) | (990321) |
|  Units outstanding at end of year | 62275813 | 14811065 | 28406351 | 18489807 | 18390468 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **94** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **CTIVP BR Gl<br>Infl Prot Sec,<br>Cl 2** | **CTIVP BR Gl**<br> **Infl Prot Sec,<br>Cl 3** | **CTIVP**<br> **CenterSquare<br>Real Est,**<br> **Cl 2** | **CTIVP<br>MFS Val,<br>Cl 2** | **CTIVP Prin<br>Blue Chip Gro,<br>Cl 1** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $1818046 | $3861747 | $155925 | $(784311) | $(933840) |
|  Net realized gain (loss) on sales of investments | (1648898) | (4058384) | (1965615) | 2943503 | 8496270 |
|  Distributions from capital gains |  |  | 1517497 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 376933 | 1532624 | 2830171 | 2590017 | 25393171 |
|  Net increase (decrease) in net assets resulting from operations | 546081 | 1335987 | 2537978 | 4749209 | 32955601 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1369996 | 185083 | 657033 | 3742706 | 757418 |
|  Net transfers<sup>(1)</sup> | (3204687) | (1840322) | (1365315) | (694198) | (2813082) |
|  Transfers for policy loans | 305 | 4602 | 5751 | (5945) | 9063 |
|  Adjustments to net assets allocated to contracts in payment period |  | (65038) |  |  | (26431) |
|  Contract charges | (6904) | (130085) | (8417) | (55008) | (86688) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1738041) | (4713530) | (1729111) | (5329623) | (10252308) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (187389) | (1050843) | (314230) | (632491) | (992761) |
|  Increase (decrease) from transactions | (3766720) | (7610133) | (2754289) | (2974559) | (13404789) |
|  Net assets at beginning of year | 24290556 | 51672881 | 22847047 | 73528496 | 92282015 |
|  Net assets at end of year | $21069917 | $45398735 | $22630736 | $75303146 | $111832827 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 20991208 | 36009447 | 11996073 | 22715553 | 47724125 |
|  Units purchased | 1185541 | 131443 | 383275 | 1532349 | 349171 |
|  Units redeemed | (4467205) | (5406974) | (1768118) | (2308957) | (6241809) |
|  Units outstanding at end of year | 17709544 | 30733916 | 10611230 | 21938945 | 41831487 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **95** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **CTIVP Prin**<br> **Blue Chip Gro,<br>Cl 2** | **CTIVP T Rowe<br>Price LgCap Val,<br>Cl 2** | **CTIVP TCW**<br> **Core Plus Bond,<br>Cl 2** | **CTIVP Vty**<br> **Sycamore**<br> **Estb Val,<br>Cl 2** | **CTIVP Vty**<br> **Sycamore**<br> **Estb Val,<br>Cl 3** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(495656) | $(446647) | $219972 | $(672519) | $(394615) |
|  Net realized gain (loss) on sales of investments | 1697421 | 1344700 | (339054) | 3033840 | 2640367 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 13447982 | 2280216 | 885623 | 2848490 | 1327813 |
|  Net increase (decrease) in net assets resulting from operations | 14649747 | 3178269 | 766541 | 5209811 | 3573565 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1989950 | 2493124 | 1185555 | 4858151 | 339704 |
|  Net transfers<sup>(1)</sup> | 993823 | (2179006) | 2784264 | 983429 | 321522 |
|  Transfers for policy loans | (16117) | 491 | 364 | (13839) | 13379 |
|  Adjustments to net assets allocated to contracts in payment period |  | (4144) |  |  | (21491) |
|  Contract charges | (60425) | (49394) | (29012) | (35881) | (26325) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (2438571) | (1825122) | (1019712) | (3445918) | (3669389) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (825125) | (553269) | (149427) | (3049515) | (530874) |
|  Increase (decrease) from transactions | (356465) | (2117320) | 2772032 | (703573) | (3573474) |
|  Net assets at beginning of year | 39157361 | 41199490 | 15903225 | 61811468 | 43663526 |
|  Net assets at end of year | $53450643 | $42260439 | $19441798 | $66317706 | $43663617 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 10320790 | 14599752 | 15687710 | 15979103 | 10009941 |
|  Units purchased | 859255 | 969290 | 3968390 | 1883489 | 267858 |
|  Units redeemed | (876936) | (1664823) | (1289665) | (1884911) | (1075445) |
|  Units outstanding at end of year | 10303109 | 13904219 | 18366435 | 15977681 | 9202354 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **96** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **CTIVP<br>Westfield<br>Mid Cap Gro,<br>Cl 2** | **CTIVP<br>Westfield<br>Sel Lg Cp Gr,<br>Cl 2** | **CVT EAFE<br>Intl Index,<br>Cl F** | **CVT Nasdaq<br>100 Index,<br>Cl F** | **CVT Russ 2000<br>Sm Cap Ind,<br>Cl F** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(273636) | $(251861) | $57317 | $(27537) | $7647 |
|  Net realized gain (loss) on sales of investments | 1030266 | (314894) | 4042 | 95900 | 7896 |
|  Distributions from capital gains |  |  |  |  | 2130 |
|  Net change in unrealized appreciation (depreciation) of investments | 4752196 | 6370301 | 233727 | 1749799 | 490183 |
|  Net increase (decrease) in net assets resulting from operations | 5508826 | 5803546 | 295086 | 1818162 | 507856 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1354947 | 880078 | 1577765 | 5045497 | 2339272 |
|  Net transfers<sup>(1)</sup> | 1000819 | (1108564) | 249204 | 746223 | 434468 |
|  Transfers for policy loans | (160) |  |  |  |  |
|  Adjustments to net assets allocated to contracts in payment period |  |  |  |  |  |
|  Contract charges | (19450) | (20342) | (345) | (1038) | (711) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1330935) | (1143491) | (23404) | (61663) | (29833) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (432842) | (440857) |  | (180895) |  |
|  Increase (decrease) from transactions | 572379 | (1833176) | 1803220 | 5548124 | 2743196 |
|  Net assets at beginning of year | 23010513 | 20676903 | 1081453 | 1929055 | 1474646 |
|  Net assets at end of year | $29091718 | $24647273 | $3179759 | $9295341 | $4725698 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 7343765 | 6721366 | 1105917 | 2272958 | 1554466 |
|  Units purchased | 886166 | 384238 | 1943023 | 5536224 | 2909078 |
|  Units redeemed | (677232) | (822254) | (247758) | (614645) | (131729) |
|  Units outstanding at end of year | 7552699 | 6283350 | 2801182 | 7194537 | 4331815 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **97** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **DWS Alt Asset<br>Alloc VIP,**<br> **Cl B** | **EV VT<br>Floating-Rate Inc,<br>Init Cl** | **Fid VIP<br>Contrafund,<br>Serv Cl 2** | **Fid VIP<br>Emer Mkts,<br>Serv Cl 2** | **Fid VIP<br>Energy,<br>Serv Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $946725 | $5926310 | $(3473208) | $20843 | $28449 |
|  Net realized gain (loss) on sales of investments | (398678) | (1059027) | 12330432 | 2336 | 7 |
|  Distributions from capital gains | 158371 |  | 17074886 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 22619 | 3070864 | 101779074 | 71236 | (11655) |
|  Net increase (decrease) in net assets resulting from operations | 729037 | 7938147 | 127711184 | 94415 | 16801 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 582531 | 3229648 | 14446728 | 1131540 | 1409677 |
|  Net transfers<sup>(1)</sup> | (874824) | (4695456) | (2347041) | 157754 | 98711 |
|  Transfers for policy loans | (1995) | (3688) | (39299) |  |  |
|  Adjustments to net assets allocated to contracts in payment period | (1536) | 64663 | (111599) |  |  |
|  Contract charges | (6926) | (62994) | (224574) | (315) | (564) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1210058) | (7811086) | (38914780) | (5487) | (21528) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (549189) | (1471722) | (9544877) | (74515) |  |
|  Increase (decrease) from transactions | (2061997) | (10750635) | (36735442) | 1208977 | 1486296 |
|  Net assets at beginning of year | 17387662 | 83654722 | 416575542 | 589593 | 792121 |
|  Net assets at end of year | $16054702 | $80842234 | $507551284 | $1892985 | $2295218 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 15554996 | 57322006 | 133029082 | 616797 | 681049 |
|  Units purchased | 622577 | 2353414 | 5443171 | 1466189 | 1501408 |
|  Units redeemed | (2443142) | (9365838) | (15321927) | (253842) | (200289) |
|  Units outstanding at end of year | 13734431 | 50309582 | 123150326 | 1829144 | 1982168 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **98** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Fid VIP<br>Gro & Inc,<br>Serv Cl** | **Fid VIP<br>Gro & Inc,<br>Serv Cl 2** | **Fid VIP<br>Gro Opp,<br>Serv Cl 2** | **Fid VIP Intl<br>Cap Appr,<br>Serv Cl 2** | **Fid VIP<br>Invest Gr,<br>Serv Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $280544 | $570860 | $(58076) | $(17562) | $133013 |
|  Net realized gain (loss) on sales of investments | 1407583 | 2823818 | 83582 | 24064 | (18143) |
|  Distributions from capital gains | 1452803 | 3550988 |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 3153308 | 7618714 | 1717462 | 470802 | 135010 |
|  Net increase (decrease) in net assets resulting from operations | 6294238 | 14564380 | 1742968 | 477304 | 249880 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 96212 | 4314998 | 5267365 | 2424182 | 5876157 |
|  Net transfers<sup>(1)</sup> | (277373) | 1218274 | 304237 | 351409 | 1045113 |
|  Transfers for policy loans | (6449) | 2414 |  | (12314) |  |
|  Adjustments to net assets allocated to contracts in payment period | (39053) | (117720) |  |  |  |
|  Contract charges | (10177) | (68766) | (1706) | (482) | (1009) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (2589572) | (6601815) | (39154) | (31302) | (120174) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (677786) | (1442204) | (83592) | (48101) | (4901) |
|  Increase (decrease) from transactions | (3504198) | (2694819) | 5447150 | 2683392 | 6795186 |
|  Net assets at beginning of year | 37405330 | 84649201 | 1499012 | 637278 | 816615 |
|  Net assets at end of year | $40195370 | $96518762 | $8689130 | $3797974 | $7861681 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 10958490 | 23377712 | 1782995 | 689208 | 858518 |
|  Units purchased | 43116 | 2499565 | 6649889 | 3050436 | 7997827 |
|  Units redeemed | (987263) | (2461635) | (1237008) | (472548) | (974155) |
|  Units outstanding at end of year | 10014343 | 23415642 | 7195876 | 3267096 | 7882190 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **99** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Fid VIP<br>Mid Cap,<br>Serv Cl** | **Fid VIP**<br> **Mid Cap,<br>Serv Cl 2** | **Fid VIP<br>Overseas,<br>Serv Cl** | **Fid VIP<br>Overseas,<br>Serv Cl 2** | **Fid VIP<br>Strategic Inc,<br>Serv Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(206404) | $(1819384) | $10201 | $(38793) | $5250529 |
|  Net realized gain (loss) on sales of investments | 753285 | 1137791 | 160574 | 726833 | (1871036) |
|  Distributions from capital gains | 1645337 | 9229636 | 23844 | 101596 |  |
|  Net change in unrealized appreciation (depreciation) of investments | 5763765 | 33456630 | 1384535 | 5812355 | 8724166 |
|  Net increase (decrease) in net assets resulting from operations | 7955983 | 42004673 | 1579154 | 6601991 | 12103659 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 338964 | 7737631 | 72785 | 351633 | 6981895 |
|  Net transfers<sup>(1)</sup> | (987516) | (477499) | 203875 | 1395479 | 11746750 |
|  Transfers for policy loans | (12625) | (6287) | (702) | 7084 | 11202 |
|  Adjustments to net assets allocated to contracts in payment period | (106185) | (88932) | (4218) | (20606) | (46060) |
|  Contract charges | (16618) | (245541) | (2365) | (27135) | (52502) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (4945050) | (27680864) | (543926) | (3083072) | (11967581) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (949620) | (4729729) | (124153) | (307223) | (3160221) |
|  Increase (decrease) from transactions | (6678650) | (25491221) | (398704) | (1683840) | 3513483 |
|  Net assets at beginning of year | 60814675 | 320728967 | 8317638 | 35279400 | 147369751 |
|  Net assets at end of year | $62092008 | $337242419 | $9498088 | $40197551 | $162986893 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 6629881 | 70982436 | 4330413 | 17219181 | 131771278 |
|  Units purchased | 35267 | 2198142 | 129430 | 850427 | 16502194 |
|  Units redeemed | (725856) | (7421615) | (320867) | (1555971) | (13399563) |
|  Units outstanding at end of year | 5939292 | 65758963 | 4138976 | 16513637 | 134873909 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **100** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Frank Global<br>Real Est,**<br> **Cl 2** | **Frank**<br> **Inc,**<br> **Cl 2** | **Frank**<br> **Inc,**<br> **Cl 4** | **Frank Mutual**<br> **Gbl Dis,**<br> **Cl 4** | **Frank Mutual<br>Shares,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $914912 | $2450364 | $159638 | $6411 | $546915 |
|  Net realized gain (loss) on sales of investments | (2985111) | (904621) | (36630) | 188 | (864981) |
|  Distributions from capital gains |  | 3740594 | 248183 | 22719 | 5180275 |
|  Net change in unrealized appreciation (depreciation) of investments | 6568447 | (1010665) | (53868) | 28654 | 2218631 |
|  Net increase (decrease) in net assets resulting from operations | 4498248 | 4275672 | 317323 | 57972 | 7080840 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 442728 | 358428 | 2997611 | 295544 | 498978 |
|  Net transfers<sup>(1)</sup> | (1492222) | 3098268 | 422913 | 11385 | (624762) |
|  Transfers for policy loans | 16748 | (7880) |  |  | 14492 |
|  Adjustments to net assets allocated to contracts in payment period | (23292) | (723) |  |  | (9354) |
|  Contract charges | (39731) | (25855) | (582) | (33) | (37173) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (4587081) | (5757736) | (118612) | (2232) | (5109510) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (819158) | (1170400) | (60855) |  | (597871) |
|  Increase (decrease) from transactions | (6502008) | (3505898) | 3240475 | 304664 | (5865200) |
|  Net assets at beginning of year | 48212512 | 59977508 | 2476105 | 133837 | 61099068 |
|  Net assets at end of year | $46208752 | $60747282 | $6033903 | $496473 | $62314708 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 22063546 | 41039929 | 2560573 | 134234 | 26190555 |
|  Units purchased | 223061 | 2635031 | 4131800 | 290145 | 316910 |
|  Units redeemed | (3179123) | (4991638) | (887622) | (3408) | (2779631) |
|  Units outstanding at end of year | 19107484 | 38683322 | 5804751 | 420971 | 23727834 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **101** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Frank**<br> **Sm Cap Val,**<br> **Cl 2** | **Frank**<br> **Sm Cap Val,**<br> **Cl 4** | **GS VIT**<br> **Mid Cap Val,**<br> **Inst** | **GS VIT**<br> **Multi-Strategy Alt,**<br> **Advisor** | **GS VIT**<br> **Multi-Strategy Alt,**<br> **Serv** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(487776) | $(13172) | $150892 | $505261 | $61573 |
|  Net realized gain (loss) on sales of investments | (2761847) | (14187) | (204389) | (35465) | (631) |
|  Distributions from capital gains | 6292755 | 112914 | 2549056 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 9177480 | 197295 | 7840328 | 116023 | (8404) |
|  Net increase (decrease) in net assets resulting from operations | 12220612 | 282850 | 10335887 | 585819 | 52538 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 938198 | 1641599 | 469796 | 118551 | 647995 |
|  Net transfers<sup>(1)</sup> | (1334694) | 69983 | (824586) | (17288) | 13619 |
|  Transfers for policy loans | (7730) |  | (19270) | 95 |  |
|  Adjustments to net assets allocated to contracts in payment period | (14013) |  | (95593) | (235) |  |
|  Contract charges | (58303) | (219) | (96894) | (3037) | (63) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (9326492) | (20357) | (8509403) | (418753) | (23100) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (1623521) | (36979) | (1327830) | (110672) |  |
|  Increase (decrease) from transactions | (11426555) | 1654027 | (10403780) | (431339) | 638451 |
|  Net assets at beginning of year | 113286298 | 1191677 | 106671178 | 9492903 | 387108 |
|  Net assets at end of year | $114080355 | $3128554 | $106603285 | $9647383 | $1078097 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 25397806 | 1205405 | 15315665 | 10136404 | 401252 |
|  Units purchased | 293290 | 1931125 | 66874 | 368795 | 976904 |
|  Units redeemed | (3034682) | (297741) | (1518676) | (797647) | (326209) |
|  Units outstanding at end of year | 22656414 | 2838789 | 13863863 | 9707552 | 1051947 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **102** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **GS VIT Sm Cap<br>Eq Insights,<br>Inst** | **GS VIT Sm Cap<br>Eq Insights,<br>Serv** | **GS VIT U.S.<br>Eq Insights,<br>Inst** | **Invesco VI<br>Am Fran,**<br> **Ser I** | **Invesco VI<br>Am Fran,<br>Ser II** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $7128 | $1300 | $(178754) | $(99018) | $(336176) |
|  Net realized gain (loss) on sales of investments | (59121) | 3582 | 974884 | (20315) | (491258) |
|  Distributions from capital gains |  |  |  | 264510 | 927174 |
|  Net change in unrealized appreciation (depreciation) of investments | 788875 | 120930 | 17585883 | 3787309 | 12561760 |
|  Net increase (decrease) in net assets resulting from operations | 736882 | 125812 | 18382013 | 3932486 | 12661500 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 37118 | 556775 | 358921 | 54097 | 159988 |
|  Net transfers<sup>(1)</sup> | (81715) | 59437 | (2776771) | (227470) | (1125146) |
|  Transfers for policy loans | (2110) |  | 7852 | (12569) | (930) |
|  Adjustments to net assets allocated to contracts in payment period | (2293) |  | (97335) | (1998) | (186) |
|  Contract charges | (1279) | (73) | (125941) | (4026) | (101620) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (254249) | (6288) | (6893522) | (836635) | (3133887) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (38748) | (42007) | (860778) | (76854) | (559335) |
|  Increase (decrease) from transactions | (343276) | 567844 | (10387574) | (1105455) | (4761116) |
|  Net assets at beginning of year | 4208768 | 314234 | 85875174 | 10393050 | 33926383 |
|  Net assets at end of year | $4602374 | $1007890 | $93869613 | $13220081 | $41826767 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 974690 | 330457 | 26351558 | 3864463 | 13038300 |
|  Units purchased | 7842 | 778900 | 109251 | 16910 | 183023 |
|  Units redeemed | (81313) | (207053) | (2999669) | (364831) | (1679877) |
|  Units outstanding at end of year | 901219 | 902304 | 23461140 | 3516542 | 11541446 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **103** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Invesco VI Bal**<br> **Risk Alloc,**<br> **Ser II** | **Invesco VI**<br> **Comstock,**<br> **Ser II** | **Invesco VI**<br> **Core Eq,**<br> **Ser I** | **Invesco VI**<br> **Core Plus Bond,**<br> **Ser II** | **Invesco VI Dis**<br> **Mid Cap Gro,**<br> **Ser I** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(318742) | $610999 | $(342839) | $49862 | $(132483) |
|  Net realized gain (loss) on sales of investments | (2135605) | 3511727 | 153797 | (708) | (480650) |
|  Distributions from capital gains |  | 10464407 | 1525363 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 3975794 | (4788714) | 11415882 | 92712 | 2403706 |
|  Net increase (decrease) in net assets resulting from operations | 1521447 | 9798419 | 12752203 | 141866 | 1790573 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1658017 | 2425627 | 295397 | 3025793 | 94747 |
|  Net transfers<sup>(1)</sup> | (2090187) | (1590476) | (237978) | 245034 | 20718 |
|  Transfers for policy loans | (1329) | 17299 | 35058 |  | 6035 |
|  Adjustments to net assets allocated to contracts in payment period | (22170) | (30777) | (78405) |  | (9494) |
|  Contract charges | (12008) | (176080) | (29801) | (176) | (7925) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (3132385) | (8313996) | (4906245) | (43505) | (1118807) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (952689) | (1850318) | (993425) |  | (251932) |
|  Increase (decrease) from transactions | (4552751) | (9518721) | (5915399) | 3227146 | (1266658) |
|  Net assets at beginning of year | 32128877 | 95536227 | 61007102 | 366409 | 15420735 |
|  Net assets at end of year | $29097573 | $95815925 | $67843906 | $3735421 | $15944650 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 26236118 | 27918335 | 13894125 | 387399 | 12594030 |
|  Units purchased | 1604350 | 1005802 | 68600 | 3703474 | 192342 |
|  Units redeemed | (5324161) | (3610555) | (1278681) | (309336) | (1177897) |
|  Units outstanding at end of year | 22516307 | 25313582 | 12684044 | 3781537 | 11608475 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **104** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Invesco VI Dis**<br> **Mid Cap Gro,**<br> **Ser II** | **Invesco VI**<br> **Div Divd,**<br> **Ser I** | **Invesco VI**<br> **Div Divd,**<br> **Ser II** | **Invesco VI**<br> **EQV Intl Eq,**<br> **Ser II** | **Invesco VI**<br> **Global,**<br> **Ser II** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(92024) | $194038 | $67781 | $(338583) | $(1133806) |
|  Net realized gain (loss) on sales of investments | (512514) | 186887 | 70051 | 13689 | (1198088) |
|  Distributions from capital gains |  | 1444228 | 797691 | 27829 | 13436243 |
|  Net change in unrealized appreciation (depreciation) of investments | 1720511 | (478989) | (235363) | 6143135 | 21378963 |
|  Net increase (decrease) in net assets resulting from operations | 1115973 | 1346164 | 700160 | 5846070 | 32483312 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 84546 | 122113 | 83814 | 324258 | 2129132 |
|  Net transfers<sup>(1)</sup> | (185962) | (694976) | (726726) | (607288) | (4613298) |
|  Transfers for policy loans | (1039) | 4557 | 660 | (6712) | 8331 |
|  Adjustments to net assets allocated to contracts in payment period |  | (11646) | (4305) | (9793) | (47988) |
|  Contract charges | (6547) | (10774) | (6472) | (33367) | (66312) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (770433) | (1614520) | (1029073) | (3438061) | (7820569) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (42968) | (336142) | (158464) | (384103) | (2263305) |
|  Increase (decrease) from transactions | (922403) | (2541388) | (1840566) | (4155066) | (12674009) |
|  Net assets at beginning of year | 9954252 | 18878172 | 10597641 | 36629567 | 103292568 |
|  Net assets at end of year | $10147822 | $17682948 | $9457235 | $38320571 | $123101871 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 8247175 | 7439427 | 4379034 | 19003021 | 37551702 |
|  Units purchased | 149876 | 67284 | 34509 | 220718 | 665299 |
|  Units redeemed | (877421) | (1065058) | (789405) | (2215843) | (4655928) |
|  Units outstanding at end of year | 7519630 | 6441653 | 3624138 | 17007896 | 33561073 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **105** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Invesco VI**<br> **Gbl Strat Inc,**<br> **Ser II** | **Invesco VI**<br> **Hlth,**<br> **Ser II** | **Invesco VI**<br> **Main St,**<br> **Ser II** | **Invesco VI**<br> **Mn St Sm Cap,**<br> **Ser II** | **Invesco VI**<br> **Tech,**<br> **Ser I** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(1150235) | $(302952) | $(11607) | $(42159) | $(190627) |
|  Net realized gain (loss) on sales of investments | (3807098) | (865319) | (251042) | 229679 | (703243) |
|  Distributions from capital gains |  |  | 154713 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 14001482 | 1636808 | 561374 | 13919391 | 9090869 |
|  Net increase (decrease) in net assets resulting from operations | 9044149 | 468537 | 453438 | 14106911 | 8196999 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 783164 | 307915 | 96919 | 3319533 | 153179 |
|  Net transfers<sup>(1)</sup> | 1593976 | (1255884) | (153317) | 2974602 | 352722 |
|  Transfers for policy loans | 17861 | 3404 |  | (20095) | (2855) |
|  Adjustments to net assets allocated to contracts in payment period | 76127 | (23104) | 11648 | (17006) | (3735) |
|  Contract charges | (160009) | (19351) | (1614) | (43928) | (27647) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (11206104) | (3870832) | (224719) | (6274306) | (2199604) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (2684603) | (271522) | (178618) | (1210875) | (284818) |
|  Increase (decrease) from transactions | (11579588) | (5129374) | (449701) | (1272075) | (2012758) |
|  Net assets at beginning of year | 126018115 | 36734266 | 2295030 | 85386232 | 18661976 |
|  Net assets at end of year | $123482676 | $32073429 | $2298767 | $98221068 | $24846217 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 85983628 | 11723563 | 1596828 | 23898490 | 8033146 |
|  Units purchased | 1883080 | 103196 | 61958 | 1754561 | 186760 |
|  Units redeemed | (9674331) | (1772329) | (351948) | (2180886) | (889830) |
|  Units outstanding at end of year | 78192377 | 10054430 | 1306838 | 23472165 | 7330076 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **106** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Invesco VI**<br> **Tech,**<br> **Ser II** | **Janus**<br> **Henderson**<br> **VIT Bal,**<br> **Serv** | **Janus**<br> **Henderson**<br> **VIT Enter,**<br> **Serv** | **Janus**<br> **Henderson**<br> **VIT Flex Bd,**<br> **Serv** | **Janus**<br> **Henderson**<br> **VIT Forty,**<br> **Serv** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(19311) | $936227 | $(103896) | $1460489 | $(12079) |
|  Net realized gain (loss) on sales of investments | 4058 | 826589 | 231609 | (1158227) | 12967 |
|  Distributions from capital gains |  |  | 1082670 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 654579 | 14202594 | 988480 | 1897360 | 411040 |
|  Net increase (decrease) in net assets resulting from operations | 639326 | 15965410 | 2198863 | 2199622 | 411928 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1820825 | 10830370 | 71688 | 2681680 | 1138832 |
|  Net transfers<sup>(1)</sup> | 536403 | 3121125 | (81903) | 7051266 | 429266 |
|  Transfers for policy loans |  | 1288 | (6665) | 1887 |  |
|  Adjustments to net assets allocated to contracts in payment period |  | 389266 | (6417) | (5907) |  |
|  Contract charges | (541) | (42816) | (5231) | (15785) | (707) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (36042) | (7763226) | (1138309) | (3845022) | (29601) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (41736) | (4106614) | (269519) | (985909) |  |
|  Increase (decrease) from transactions | 2278909 | 2429393 | (1436356) | 4882210 | 1537790 |
|  Net assets at beginning of year | 489639 | 113815583 | 13771867 | 49951385 | 477226 |
|  Net assets at end of year | $3407874 | $132210386 | $14534374 | $57033217 | $2426944 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 609554 | 88215273 | 5342739 | 49715333 | 550417 |
|  Units purchased | 2734257 | 10819265 | 25553 | 9598342 | 1511491 |
|  Units redeemed | (414428) | (9423362) | (540306) | (4852431) | (30732) |
|  Units outstanding at end of year | 2929383 | 89611176 | 4827986 | 54461244 | 2031176 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **107** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Janus Hend**<br> **VIT Gbl**<br> **Tech Innov,**<br> **Srv** | **Janus**<br> **Henderson**<br> **VIT Overseas,**<br> **Serv** | **Janus**<br> **Henderson**<br> **VIT Res,**<br> **Serv** | **Lazard Ret**<br> **Emer Mkts Eq,**<br> **Serv** | **Lazard Ret**<br> **Global Dyn MA,**<br> **Serv** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(239033) | $114585 | $(493139) | $10671 | $(116244) |
|  Net realized gain (loss) on sales of investments | 522945 | 311872 | 1023542 | 525 | (338719) |
|  Distributions from capital gains |  |  |  |  | 609672 |
|  Net change in unrealized appreciation (depreciation) of investments | 11337753 | 1379979 | 17126752 | 19309 | 812664 |
|  Net increase (decrease) in net assets resulting from operations | 11621665 | 1806436 | 17657155 | 30505 | 967373 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 1650598 | 1056454 | 378346 | 304997 | 238620 |
|  Net transfers<sup>(1)</sup> | 702170 | (32911) | 1947267 | 19056 | (917873) |
|  Transfers for policy loans | (1578) | 6773 | 5342 |  |  |
|  Adjustments to net assets allocated to contracts in payment period | (17951) | (9386) | (8339) |  |  |
|  Contract charges | (11512) | (9261) | (48035) | (61) | (5300) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1957281) | (1545008) | (3436331) | (11276) | (752141) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (296193) | (139211) | (821164) | (10681) | (1151142) |
|  Increase (decrease) from transactions | 68253 | (672550) | (1982914) | 302035 | (2587836) |
|  Net assets at beginning of year | 22289861 | 19075426 | 43310938 | 41692 | 11621587 |
|  Net assets at end of year | $33979779 | $20209312 | $58985179 | $374232 | $10001124 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 9650007 | 10668442 | 15712470 | 43344 | 8730609 |
|  Units purchased | 900228 | 1016717 | 880373 | 423834 | 176065 |
|  Units redeemed | (955521) | (1163712) | (1430297) | (135639) | (2073123) |
|  Units outstanding at end of year | 9594714 | 10521447 | 15162546 | 331539 | 6833551 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **108** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Lord Abt<br>Bond Debenture,<br>Cl VC** | **Lord Abt<br>Short Dur Inc,<br>Cl VC** | **LVIP AC<br>Intl,<br>Serv Cl** | **LVIP AC<br>Intl,<br>Std Cl II** | **LVIP AC<br>Mid Cap Val,<br>Serv Cl** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $140215 | $329240 | $60782 | $35724 | $474917 |
|  Net realized gain (loss) on sales of investments | 3217 | 3076 | 146259 | 20279 | 8610 |
|  Distributions from capital gains |  |  |  |  | 4394110 |
|  Net change in unrealized appreciation (depreciation) of investments | 954 | (85833) | 1605932 | 637186 | (3054694) |
|  Net increase (decrease) in net assets resulting from operations | 144386 | 246483 | 1812973 | 693189 | 1822943 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 2050225 | 6076160 | 414633 | 45708 | 1549167 |
|  Net transfers<sup>(1)</sup> | 238760 | 322618 | 50177 | (88277) | (1273345) |
|  Transfers for policy loans |  |  | 1006 | (4059) | 11510 |
|  Adjustments to net assets allocated to contracts in payment period |  |  | (11857) | (4461) | (28434) |
|  Contract charges | (181) | (615) | (12350) | (1718) | (21229) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (41362) | (205693) | (1377518) | (608317) | (3328250) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (43199) | (5018) | (119144) | (43326) | (326033) |
|  Increase (decrease) from transactions | 2204243 | 6187452 | (1055053) | (704450) | (3416614) |
|  Net assets at beginning of year | 887185 | 2272940 | 16057840 | 6232614 | 40248737 |
|  Net assets at end of year | $3235814 | $8706875 | $16815760 | $6221353 | $38655066 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 935199 | 2325756 | 7607881 | 3217369 | 12448475 |
|  Units purchased | 2537100 | 7982880 | 555277 | 56229 | 653517 |
|  Units redeemed | (235721) | (1743435) | (798281) | (394002) | (1609244) |
|  Units outstanding at end of year | 3236578 | 8565201 | 7364877 | 2879596 | 11492748 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **109** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **LVIP AC**<br> **Ultra,**<br> **Serv Cl** | **LVIP AC**<br> **Val,**<br> **Serv Cl** | **LVIP AC**<br> **Val,**<br> **Std Cl II** | **LVIP JPM**<br> **US Eq,**<br> **Serv Cl<sup>(2)</sup>** | **Mac VIP**<br> **Asset Strategy,**<br> **Serv Cl** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(411069) | $2201719 | $426108 | $(68) | $125586 |
|  Net realized gain (loss) on sales of investments | 897741 | 4823145 | 1054964 | 7272 | (470911) |
|  Distributions from capital gains | 3191809 | 13950631 | 2208136 | 16823 |  |
|  Net change in unrealized appreciation (depreciation) of investments | 11444649 | (7586110) | (1535533) | 479290 | 1835419 |
|  Net increase (decrease) in net assets resulting from operations | 15123130 | 13389385 | 2153675 | 503317 | 1490094 |
| **Contract transactions** |  |  |  |  |  |
|  Contract purchase payments | 302800 | 6292882 | 155796 | 64875 | 212999 |
|  Net transfers<sup>(1)</sup> | 2371774 | (4769416) | (372116) | 3276923 | 57955 |
|  Transfers for policy loans | (7536) | 10666 | (46329) |  | 345 |
|  Adjustments to net assets allocated to contracts in payment period | (12794) | 8847 | (28841) |  | (17439) |
|  Contract charges | (29207) | (91001) | (5892) | (1748) | (5359) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (3629695) | (14139579) | (2265386) | (19001) | (1223614) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (378926) | (3310376) | (368835) | (5394) | (460377) |
|  Increase (decrease) from transactions | (1383584) | (15997977) | (2931603) | 3315655 | (1435490) |
|  Net assets at beginning of year | 36105898 | 180525593 | 28456286 |  | 12502154 |
|  Net assets at end of year | $49845444 | $177917001 | $27678358 | $3818972 | $12556758 |
| **Accumulation unit activity** |  |  |  |  |  |
|  Units outstanding at beginning of year | 8896850 | 51027108 | 5778354 |  | 9144724 |
|  Units purchased | 645135 | 1828648 | 30998 | 3301977 | 408582 |
|  Units redeemed | (895112) | (6550437) | (615816) | (23389) | (1421181) |
|  Units outstanding at end of year | 8646873 | 46305319 | 5193536 | 3278588 | 8132125 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

<sup>(2)</sup> For the period April 28, 2023 (commencement of operations) to December 31, 2023.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **110** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Mac VIP**<br> **for Inc,**<br> **Serv Cl** | **MFS Gbl**<br> **Real Est,**<br> **Serv Cl** | **MFS**<br> **Intl Gro,**<br> **Serv Cl** | **MFS Mass**<br> **Inv Gro Stock,**<br> **Serv Cl** | **MFS**<br> **New Dis,**<br> **Serv Cl** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $31863 | $(3320) | $1611 | $(569959) | $(249386) |
|  Net realized gain (loss) on sales of investments | (200) | (12434) | (16685) | 355600 | (1593620) |
|  Distributions from capital gains |  | 50027 | 62895 | 3515571 |  |
|  Net change in unrealized appreciation (depreciation) of investments | 49842 | 51704 | 138423 | 10417133 | 5499874 |
|  Net increase (decrease) in net assets resulting from operations | 81505 | 85977 | 186244 | 13718345 | 3656868 |
| **Contract transactions** | **Contract transactions** | **Contract transactions** |  |  |  |
|  Contract purchase payments | 477743 | 517860 | 1895254 | 404279 | 204068 |
|  Net transfers<sup>(1)</sup> | 26938 | 76575 | 341042 | (2023300) | 26809 |
|  Transfers for policy loans |  |  |  | (5317) | 184 |
|  Adjustments to net assets allocated to contracts in payment period |  |  |  | (104603) | (17473) |
|  Contract charges | (15) | (277) | (327) | (31208) | (18993) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (7909) | (3413) | (14365) | (5103739) | (2144205) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits |  | (41481) | (42739) | (788515) | (211549) |
|  Increase (decrease) from transactions | 496757 | 549264 | 2178865 | (7652403) | (2161159) |
|  Net assets at beginning of year | 395568 | 394109 | 596758 | 63984791 | 28557521 |
|  Net assets at end of year | $973830 | $1029350 | $2961867 | $70050733 | $30053230 |
| **Accumulation unit activity** | **Accumulation unit activity** | **Accumulation unit activity** |  |  |  |
|  Units outstanding at beginning of year | 413155 | 483095 | 610660 | 29550481 | 8687944 |
|  Units purchased | 664381 | 812119 | 2390983 | 231267 | 115926 |
|  Units redeemed | (165636) | (147036) | (321708) | (3358394) | (729494) |
|  Units outstanding at end of year | 911900 | 1148178 | 2679935 | 26423354 | 8074376 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **111** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **MFS**<br> **Research Intl,**<br> **Serv Cl** | **MFS**<br> **Utilities,**<br> **Serv Cl** | **MS**<br> **VIF Dis,**<br> **Cl II** | **NB AMT**<br> **Sus Eq,**<br> **Cl S** | **PIMCO VIT**<br> **All Asset,**<br> **Advisor Cl** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(943) | $3228424 | $(592822) | $(143163) | $927616 |
|  Net realized gain (loss) on sales of investments | 3375 | 2454215 | (14104439) | 270513 | (1496328) |
|  Distributions from capital gains |  | 7654458 |  | 248900 |  |
|  Net change in unrealized appreciation (depreciation) of investments | 106861 | (18558050) | 35215699 | 3126696 | 3939797 |
|  Net increase (decrease) in net assets resulting from operations | 109293 | (5220953) | 20518438 | 3502946 | 3371085 |
| **Contract transactions** | **Contract transactions** | **Contract transactions** |  |  |  |
|  Contract purchase payments | 1140993 | 2662775 | 3275137 | 1305620 | 1330749 |
|  Net transfers<sup>(1)</sup> | 196489 | (6036041) | (874578) | 216708 | (1022525) |
|  Transfers for policy loans |  | 17236 | 19310 | 7304 | 7729 |
|  Adjustments to net assets allocated to contracts in payment period |  | 8527 | (9005) |  | 13380 |
|  Contract charges | (485) | (79670) | (31501) | (5843) | (45914) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (12872) | (13095261) | (3839304) | (897546) | (4458273) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (35613) | (2517699) | (643990) | (210042) | (845225) |
|  Increase (decrease) from transactions | 1288512 | (19040133) | (2103931) | 416201 | (5020079) |
|  Net assets at beginning of year | 423375 | 153187598 | 48221137 | 13471303 | 51711024 |
|  Net assets at end of year | $1821180 | $128926512 | $66635644 | $17390450 | $50062030 |
| **Accumulation unit activity** | **Accumulation unit activity** | **Accumulation unit activity** |  |  |  |
|  Units outstanding at beginning of year | 438816 | 35725316 | 19127522 | 4438590 | 28885610 |
|  Units purchased | 1523620 | 673877 | 1555529 | 585460 | 798944 |
|  Units redeemed | (269384) | (5524467) | (2162085) | (466518) | (3512243) |
|  Units outstanding at end of year | 1693052 | 30874726 | 18520966 | 4557532 | 26172311 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **112** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **PIMCO VIT**<br> **Glb Man As Alloc,**<br> **Adv Cl** | **PIMCO VIT**<br> **Tot Return,**<br> **Advisor Cl** | **Put VT**<br> **Global Hlth Care,**<br> **Cl IB** | **Put VT**<br> **Intl Eq,**<br> **Cl IB** | **Put VT**<br> **Intl Val,**<br> **Cl IB** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $57816 | $1371278 | $(131328) | $(80558) | $(2195) |
|  Net realized gain (loss) on sales of investments | (422247) | (1214974) | 34344 | 39639 | 4144 |
|  Distributions from capital gains |  |  | 1794273 |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 975568 | 2498188 | 146844 | 1616454 | 206343 |
|  Net increase (decrease) in net assets resulting from operations | 611137 | 2654492 | 1844133 | 1575535 | 208292 |
| **Contract transactions** | **Contract transactions** | **Contract transactions** |  |  |  |
|  Contract purchase payments | 34832 | 4163667 | 2167064 | 83484 | 1813230 |
|  Net transfers<sup>(1)</sup> | 19302 | 5219629 | (504586) | 208269 | 329305 |
|  Transfers for policy loans | 888 | 2088 | (7296) | (2333) |  |
|  Adjustments to net assets allocated to contracts in payment period | (422) |  | (7689) | (2170) |  |
|  Contract charges | (1362) | (14861) | (15764) | (6466) | (291) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (217268) | (3822401) | (1712827) | (915558) | (13269) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (642904) | (739302) | (441058) | (55389) | (59782) |
|  Increase (decrease) from transactions | (806934) | 4808820 | (522156) | (690163) | 2069193 |
|  Net assets at beginning of year | 5604815 | 52772850 | 23142670 | 9302570 | 274802 |
|  Net assets at end of year | $5409018 | $60236162 | $24464647 | $10187942 | $2552287 |
| **Accumulation unit activity** | **Accumulation unit activity** | **Accumulation unit activity** |  |  |  |
|  Units outstanding at beginning of year | 4495446 | 54368697 | 5651631 | 4961061 | 269952 |
|  Units purchased | 484700 | 9884784 | 1163426 | 155280 | 2346093 |
|  Units redeemed | (1094053) | (5028443) | (754885) | (493935) | (475310) |
|  Units outstanding at end of year | 3886093 | 59225038 | 6060172 | 4622406 | 2140735 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **113** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Put VT**<br> **Lg Cap Val,**<br> **Cl IB** | **Put VT**<br> **Sus Fut,**<br> **Cl B** | **Put VT**<br> **Sus Leaders,**<br> **Cl IA** | **Put VT**<br> **Sus Leaders,**<br> **Cl IB** | **Royce**<br> **Micro-Cap,**<br> **Invest Cl** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $16728 | $(4308) | $(367667) | $(107922) | $(84984) |
|  Net realized gain (loss) on sales of investments | (10269) | 3197 | 1207144 | 493134 | (115970) |
|  Distributions from capital gains | 166739 |  | 2195371 | 988753 |  |
|  Net change in unrealized appreciation (depreciation) of investments | 516026 | 233836 | 13009176 | 5768083 | 1880305 |
|  Net increase (decrease) in net assets resulting from operations | 689224 | 232725 | 16044024 | 7142048 | 1679351 |
| **Contract transactions** | **Contract transactions** | **Contract transactions** |  |  |  |
|  Contract purchase payments | 4305556 | 1394095 | 238843 | 2013995 | 82426 |
|  Net transfers<sup>(1)</sup> | 626543 | 19412 | (242132) | (289434) | (157623) |
|  Transfers for policy loans |  |  | 26707 | 16646 | (1221) |
|  Adjustments to net assets allocated to contracts in payment period |  |  | (96073) | (7038) | (6821) |
|  Contract charges | (747) | (165) | (30491) | (16189) | (3131) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (59191) | (2197) | (4935557) | (2116482) | (845428) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (170576) |  | (1321037) | (329049) | (27841) |
|  Increase (decrease) from transactions | 4701585 | 1411145 | (6359740) | (727551) | (959639) |
|  Net assets at beginning of year | 1755770 | 26657 | 67887266 | 29066321 | 10011437 |
|  Net assets at end of year | $7146579 | $1670527 | $77571550 | $35480818 | $10731149 |
| **Accumulation unit activity** | **Accumulation unit activity** | **Accumulation unit activity** |  |  |  |
|  Units outstanding at beginning of year | 1743796 | 29184 | 13259614 | 7391621 | 1702158 |
|  Units purchased | 5259731 | 2267262 | 47457 | 2431573 | 13195 |
|  Units redeemed | (800746) | (801216) | (1170502) | (965527) | (166007) |
|  Units outstanding at end of year | 6202781 | 1495230 | 12136569 | 8857667 | 1549346 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **114** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **Temp**<br> **Global Bond,**<br> **Cl 2** | **Third Ave**<br> **VST Third**<br> **Ave Value** | **VanEck VIP**<br> **Global Gold,**<br> **Cl S** | **VP**<br> **Aggr,**<br> **Cl 2** | **VP**<br> **Aggr,**<br> **Cl 4** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(189531) | $157749 | $(314762) | $(7560892) | $(3897971) |
|  Net realized gain (loss) on sales of investments | (1341600) | 320155 | (438280) | 49793135 | 31974076 |
|  Distributions from capital gains |  | 685181 |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 1801129 | 757797 | 3273418 | 71488050 | 35201396 |
|  Net increase (decrease) in net assets resulting from operations | 269998 | 1920882 | 2520376 | 113720293 | 63277501 |
| **Contract transactions** | **Contract transactions** | **Contract transactions** |  |  |  |
|  Contract purchase payments | 131440 | 56331 | 1301837 | 32651390 | 3850156 |
|  Net transfers<sup>(1)</sup> | (1998064) | (76581) | 1226441 | (39984129) | (15196666) |
|  Transfers for policy loans | (1697) | 1714 | (2669) | 170766 | 37372 |
|  Adjustments to net assets allocated to contracts in payment period |  | (16928) |  | (45534) |  |
|  Contract charges | (6227) | (3509) | (9147) | (3829829) | (2153271) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1405938) | (745427) | (2652483) | (49989037) | (33928750) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (158822) | (109126) | (269345) | (8879020) | (2310888) |
|  Increase (decrease) from transactions | (3439308) | (893526) | (405366) | (69905393) | (49702047) |
|  Net assets at beginning of year | 20670965 | 10107318 | 27791285 | 745332291 | 417888455 |
|  Net assets at end of year | $17501655 | $11134674 | $29906295 | $789147191 | $431463909 |
| **Accumulation unit activity** | **Accumulation unit activity** | **Accumulation unit activity** |  |  |  |
|  Units outstanding at beginning of year | 25465571 | 2165547 | 28069668 | 353189740 | 195567016 |
|  Units purchased | 178817 | 24530 | 3006810 | 18094606 | 2560531 |
|  Units redeemed | (4440088) | (197135) | (3394366) | (47596582) | (24241294) |
|  Units outstanding at end of year | 21204300 | 1992942 | 27682112 | 323687764 | 173886253 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **115** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **VP**<br> **Conserv,**<br> **Cl 2** | **VP**<br> **Conserv,**<br> **Cl 4** | **VP**<br> **Man Risk,**<br> **Cl 2** | **VP Man**<br> **Risk US,**<br> **Cl 2** | **VP Man**<br> **Vol Conserv,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(4578937) | $(2882039) | $(2182104) | $(3436923) | $(5460446) |
|  Net realized gain (loss) on sales of investments | 4254856 | 7694859 | 1368065 | 3091411 | 269554 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 31660461 | 16195936 | 24240754 | 44368796 | 39819965 |
|  Net increase (decrease) in net assets resulting from operations | 31336380 | 21008756 | 23426715 | 44023284 | 34629073 |
| **Contract transactions** | **Contract transactions** | **Contract transactions** |  |  |  |
|  Contract purchase payments | 8166753 | 320318 | 532955 | 5572904 | 4563801 |
|  Net transfers<sup>(1)</sup> | 10997395 | 4418656 | 13153740 | (2215445) | 3814012 |
|  Transfers for policy loans | 11871 | 23233 | 5755 | 430 | 9307 |
|  Adjustments to net assets allocated to contracts in payment period | (102471) |  | (7387) | (48964) | (22191) |
|  Contract charges | (4040948) | (2198473) | (3689270) | (5563555) | (9487020) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (48298066) | (34489089) | (8688265) | (12266638) | (47983167) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (13226081) | (8565114) | (1843881) | (1520336) | (7879842) |
|  Increase (decrease) from transactions | (46491547) | (40490469) | (536353) | (16041604) | (56985100) |
|  Net assets at beginning of year | 453757110 | 309416320 | 209643363 | 338221212 | 548638965 |
|  Net assets at end of year | $438601943 | $289934607 | $232533725 | $366202892 | $526282938 |
| **Accumulation unit activity** | **Accumulation unit activity** | **Accumulation unit activity** |  |  |  |
|  Units outstanding at beginning of year | 364057563 | 246692247 | 196285934 | 289530601 | 510679345 |
|  Units purchased | 17778123 | 3756888 | 12801416 | 8101797 | 20238693 |
|  Units redeemed | (54207584) | (35085576) | (13249793) | (21267259) | (72611913) |
|  Units outstanding at end of year | 327628102 | 215363559 | 195837557 | 276365139 | 458306125 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **116** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **VP Man**<br> **Vol Conserv Gro,**<br> **Cl 2** | **VP**<br> **Man Vol Gro,**<br> **Cl 2** | **VP Man**<br> **Vol Mod Gro,**<br> **Cl 2** | **VP**<br> **Mod,**<br> **Cl 2** | **VP**<br> **Mod,**<br> **Cl 4** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(11005252) | $(99076462) | $(111900425) | $(63252979) | $(46408888) |
|  Net realized gain (loss) on sales of investments | 20715314 | 229224709 | 335899978 | 212565035 | 297810487 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 82228480 | 1142663417 | 955847612 | 563163625 | 300048867 |
|  Net increase (decrease) in net assets resulting from operations | 91938542 | 1272811664 | 1179847165 | 712475681 | 551450466 |
| **Contract transactions** | **Contract transactions** | **Contract transactions** |  |  |  |
|  Contract purchase payments | 4253569 | 16997454 | 39585097 | 103983427 | 5870450 |
|  Net transfers<sup>(1)</sup> | 3700351 | (44268591) | (97982335) | 166516439 | 18870169 |
|  Transfers for policy loans | (36262) | 23015 | (32011) | 95890 | 277045 |
|  Adjustments to net assets allocated to contracts in payment period | (109678) | (162610) | 125895 | (248808) |  |
|  Contract charges | (17804686) | (167389262) | (186915793) | (70644546) | (37759131) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (71911628) | (468345058) | (742849567) | (525716853) | (438989203) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (17895736) | (57454157) | (102235394) | (96818316) | (97920141) |
|  Increase (decrease) from transactions | (99804070) | (720599209) | (1090304108) | (422832767) | (549650811) |
|  Net assets at beginning of year | 1094440598 | 9852364491 | 11208243941 | 6245287406 | 4942959274 |
|  Net assets at end of year | $1086575070 | $10404576946 | $11297786998 | $6534930320 | $4944758929 |
| **Accumulation unit activity** | **Accumulation unit activity** | **Accumulation unit activity** |  |  |  |
|  Units outstanding at beginning of year | 938364051 | 7214937167 | 8355741886 | 3731168083 | 2930321505 |
|  Units purchased | 41678760 | 144870290 | 201381194 | 170978714 | 15466745 |
|  Units redeemed | (125097080) | (650335568) | (1000784915) | (411250196) | (325677645) |
|  Units outstanding at end of year | 854945731 | 6709471889 | 7556338165 | 3490896601 | 2620110605 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **117** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **VP**<br> **Mod Aggr,**<br> **Cl 2** | **VP**<br> **Mod Aggr,**<br> **Cl 4** | **VP**<br> **Mod Conserv,**<br> **Cl 2** | **VP**<br> **Mod Conserv,**<br> **Cl 4** | **VP Ptnrs**<br> **Core Bond,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(20960851) | $(12100878) | $(10408643) | $(7942928) | $216561 |
|  Net realized gain (loss) on sales of investments | 147698640 | 104020729 | 32101439 | 44602183 | (340520) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 145760560 | 76870038 | 69654283 | 36847861 | 867894 |
|  Net increase (decrease) in net assets resulting from operations | 272498349 | 168789889 | 91347079 | 73507116 | 743935 |
| **Contract transactions** | **Contract transactions** | **Contract transactions** |  |  |  |
|  Contract purchase payments | 61894499 | 8230838 | 23155088 | 940661 | 1713619 |
|  Net transfers<sup>(1)</sup> | (143626507) | (42412202) | 702773 | (1678269) | 1177268 |
|  Transfers for policy loans | 18112 | (56140) | 24494 | 31030 | 217 |
|  Adjustments to net assets allocated to contracts in payment period | (284558) |  | 97739 |  |  |
|  Contract charges | (10164166) | (5809035) | (8258053) | (5572457) | (20118) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (161080249) | (120676822) | (81860321) | (77927394) | (812477) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (21473704) | (12078084) | (29800483) | (24983666) | (281115) |
|  Increase (decrease) from transactions | (274716573) | (172801445) | (95938763) | (109190095) | 1777394 |
|  Net assets at beginning of year | 2119615610 | 1312157046 | 1025805453 | 843639695 | 13251918 |
|  Net assets at end of year | $2117397386 | $1308145490 | $1021213769 | $807956716 | $15773247 |
| **Accumulation unit activity** | **Accumulation unit activity** | **Accumulation unit activity** |  |  |  |
|  Units outstanding at beginning of year | 1127205675 | 689542042 | 712620514 | 581044419 | 12422804 |
|  Units purchased | 33287609 | 4101012 | 24284852 | 1719630 | 2889972 |
|  Units redeemed | (170157107) | (89694891) | (88903304) | (74218300) | (1202813) |
|  Units outstanding at end of year | 990336177 | 603948163 | 648002062 | 508545749 | 14109963 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **118** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **VP Ptnrs**<br> **Core Eq,**<br> **Cl 2** | **VP Ptnrs**<br> **Core Eq,**<br> **Cl 3** | **VP Ptnrs**<br> **Intl Core Eq,**<br> **Cl 2** | **VP Ptnrs**<br> **Intl Gro,**<br> **Cl 2** | **VP Ptnrs**<br> **Intl Val,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(120269) | $(163432) | $13132 | $(272347) | $199847 |
|  Net realized gain (loss) on sales of investments | 748111 | 2339928 | (235214) | (504829) | (68098) |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 1590503 | 1604860 | 2765971 | 4829890 | 3307113 |
|  Net increase (decrease) in net assets resulting from operations | 2218345 | 3781356 | 2543889 | 4052714 | 3438862 |
| **Contract transactions** | **Contract transactions** | **Contract transactions** |  |  |  |
|  Contract purchase payments | 308256 | 64362 | 603522 | 879142 | 1171799 |
|  Net transfers<sup>(1)</sup> | 141470 | (415677) | 2515960 | (793183) | 25853 |
|  Transfers for policy loans | (2598) | 14494 | 101 | (12045) | 206 |
|  Adjustments to net assets allocated to contracts in payment period |  | (5067) |  |  |  |
|  Contract charges | (11342) | (34499) | (25835) | (24852) | (19659) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (1140605) | (2139909) | (629930) | (1755503) | (1199746) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (115909) | (329214) | (66588) | (385586) | (1256475) |
|  Increase (decrease) from transactions | (820728) | (2845510) | 2397230 | (2092027) | (1278022) |
|  Net assets at beginning of year | 10090334 | 17356032 | 15089897 | 31851194 | 22303750 |
|  Net assets at end of year | $11487951 | $18291878 | $20031016 | $33811881 | $24464590 |
| **Accumulation unit activity** | **Accumulation unit activity** | **Accumulation unit activity** |  |  |  |
|  Units outstanding at beginning of year | 3470422 | 6635410 | 10608988 | 20431865 | 18872159 |
|  Units purchased | 155049 | 64719 | 1989708 | 609605 | 1222459 |
|  Units redeemed | (414687) | (1036963) | (469595) | (1899321) | (2229111) |
|  Units outstanding at end of year | 3210784 | 5663166 | 12129101 | 19142149 | 17865507 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **119** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **VP Ptnrs**<br> **Sm Cap Gro,**<br> **Cl 2** | **VP Ptnrs**<br> **Sm Cap Val,**<br> **Cl 2** | **VP Ptnrs**<br> **Sm Cap Val,<br>Cl 3** | **VP US**<br> **Flex Conserv Gro,**<br> **Cl 2** | **VP US**<br> **Flex Gro,**<br> **Cl 2** |
| **Operations** |  |  |  |  |  |
|  Investment income (loss) — net | $(155988) | $(113552) | $(399920) | $(2990686) | $(34054592) |
|  Net realized gain (loss) on sales of investments | (37569) | 85675 | 3168574 | 1525315 | 34522187 |
|  Distributions from capital gains |  |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 1033088 | 1041619 | 1825394 | 29951884 | 505577431 |
|  Net increase (decrease) in net assets resulting from operations | 839531 | 1013742 | 4594048 | 28486513 | 506045026 |
| **Contract transactions** | **Contract transactions** | **Contract transactions** |  |  |  |
|  Contract purchase payments | 1238627 | 553396 | 294428 | 4049696 | 10175065 |
|  Net transfers<sup>(1)</sup> | 539253 | (431385) | 307913 | 12398063 | 48374854 |
|  Transfers for policy loans | 114 | 83 | 688 | 888 | 6319 |
|  Adjustments to net assets allocated to contracts in payment period |  |  | (36954) | (18962) |  |
|  Contract charges | (25566) | (18999) | (93595) | (4598699) | (59981855) |
|  Contract terminations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (622049) | (346015) | (4039812) | (17781399) | (130090437) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (401515) | (135771) | (858101) | (3709241) | (19298932) |
|  Increase (decrease) from transactions | 728864 | (378691) | (4425433) | (9659654) | (150814986) |
|  Net assets at beginning of year | 14255621 | 10580861 | 47331726 | 282912330 | 3322897778 |
|  Net assets at end of year | $15824016 | $11215912 | $47500341 | $301739189 | $3678127818 |
| **Accumulation unit activity** | **Accumulation unit activity** | **Accumulation unit activity** |  |  |  |
|  Units outstanding at beginning of year | 5632415 | 4738678 | 13574106 | 252348696 | 2536094482 |
|  Units purchased | 852830 | 346019 | 203454 | 15315517 | 61144997 |
|  Units redeemed | (579120) | (487825) | (1412610) | (23303952) | (170434576) |
|  Units outstanding at end of year | 5906125 | 4596872 | 12364950 | 244360261 | 2426804903 |

---

<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

---

| | |
|:---|:---|
| **120** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

**Statements of Changes in Net Assets** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Year ended December 31, 2023 (continued)** | **VP US**<br> **Flex Mod Gro,**<br> **Cl 2** | **Wanger**<br> **Acorn** | **Wanger**<br> **Intl** | **WA Var Global**<br> **Hi Yd Bond,**<br> **Cl II** |
| **Operations** |  |  |  |  |
|  Investment income (loss) — net | $(17726277) | $(1363411) | $(594273) | $416229 |
|  Net realized gain (loss) on sales of investments | 17764885 | (12786089) | (4504542) | (416284) |
|  Distributions from capital gains |  |  |  |  |
|  Net change in unrealized appreciation (depreciation) of investments | 214728450 | 43103918 | 20328679 | 869057 |
|  Net increase (decrease) in net assets resulting from operations | 214767058 | 28954418 | 15229864 | 869002 |
| **Contract transactions** |  |  |  |  |
|  Contract purchase payments | 13516603 | 1662663 | 1693652 | 741534 |
|  Net transfers<sup>(1)</sup> | 13214019 | (2828592) | (1623359) | (1009065) |
|  Transfers for policy loans | 4828 | 20803 | 37508 |  |
|  Adjustments to net assets allocated to contracts in payment period | (45475) | (63492) | (961) |  |
|  Contract charges | (28927465) | (132939) | (106862) | (2839) |
|  Contract terminations: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | (79373918) | (13570909) | (9289644) | (579588) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | (14727649) | (1836252) | (1390360) | (98765) |
|  Increase (decrease) from transactions | (96339057) | (16748718) | (10680026) | (948723) |
|  Net assets at beginning of year | 1742584184 | 147223126 | 100085453 | 10760413 |
|  Net assets at end of year | $1861012185 | $159428826 | $104635291 | $10680692 |
| **Accumulation unit activity** |  |  |  |  |
|  Units outstanding at beginning of year | 1428098853 | 36059676 | 33274331 | 9922168 |
|  Units purchased | 29652615 | 413855 | 600682 | 764069 |
|  Units redeemed | (105059139) | (4047204) | (3815336) | (1650086) |
|  Units outstanding at end of year | 1352692329 | 32426327 | 30059677 | 9036151 |

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<sup>(1)</sup> Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account.

See accompanying notes to financial statements.

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| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **121** |

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## Notes to Financial Statements
**1. ORGANIZATION** 

RiverSource Variable Account 10 (the Account) was established under Minnesota law as a segregated asset account of RiverSource Life Insurance Company (RiverSource Life). The Account is registered as a unit investment trust under the Investment Company Act of 1940, as amended (the 1940 Act) and exists in accordance with the rules and regulations of the Insurance Division, Department of Commerce of the State of Minnesota.

The Account is used as a funding vehicle for individual variable annuity contracts issued by RiverSource Life. The following is a list of each variable annuity product funded through the Account.

RiverSource<sup>®</sup> Retirement Advisor Variable Annuity (RAVA)

RiverSource<sup>®</sup> Retirement Advisor Advantage Variable Annuity (RAVA Advantage)

RiverSource<sup>®</sup> Retirement Advisor Select Variable Annuity (RAVA Select)

RiverSource<sup>®</sup> Retirement Advisor Advantage Plus Variable Annuity (RAVA Advantage Plus)

RiverSource<sup>®</sup> Retirement Advisor Select Plus Variable Annuity (RAVA Select Plus)

RiverSource<sup>®</sup> Retirement Advisor 4 Advantage<sup>®</sup> Variable Annuity (RAVA 4 Advantage)

RiverSource<sup>®</sup> Retirement Advisor 4 Select<sup>®</sup> Variable Annuity (RAVA 4 Select)

RiverSource<sup>®</sup> Retirement Advisor 4 Access<sup>®</sup> Variable Annuity (RAVA 4 Access)

RiverSource<sup>®</sup> RAVA 5 Advantage<sup>®</sup> Variable Annuity (RAVA 5 Advantage) (Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013)

RiverSource<sup>®</sup> RAVA 5 Select<sup>®</sup> Variable Annuity (RAVA 5 Select) (Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013)

RiverSource<sup>®</sup> RAVA 5 Access<sup>®</sup> Variable Annuity (RAVA 5 Access) (Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013)

RiverSource<sup>®</sup> RAVA 5 Advantage<sup>®</sup> Variable Annuity (RAVA 5 Advantage) (Offered for contract applications signed prior to April 30, 2012)

RiverSource<sup>®</sup> RAVA 5 Select<sup>®</sup> Variable Annuity (RAVA 5 Select) (Offered for contract applications signed prior to April 30, 2012)

RiverSource<sup>®</sup> RAVA 5 Access<sup>®</sup> Variable Annuity (RAVA 5 Access) (Offered for contract applications signed prior to April 30, 2012)

RiverSource<sup>®</sup> RAVA 5 Advantage<sup>®</sup> Variable Annuity (RAVA 5 Advantage) (Offered for contract applications signed on or after April 29, 2013)

RiverSource<sup>®</sup> RAVA 5 Select<sup>®</sup> Variable Annuity (RAVA 5 Select) (Offered for contract applications signed on or after April 29, 2013)

RiverSource<sup>®</sup> RAVA 5 Access<sup>®</sup> Variable Annuity (RAVA 5 Access) (Offered for contract applications signed on or after April 29, 2013)

RiverSource<sup>®</sup> RAVA 5 Advantage<sup>®</sup> Variable Annuity (RAVA 5 Advantage) (Offered for contract applications signed on or after April 29, 2019)

RiverSource<sup>®</sup> RAVA 5 ChoiceSM Variable Annuity (RAVA 5 Choice)

RiverSource<sup>®</sup> RAVA 5 Access<sup>®</sup> Variable Annuity (RAVA 5 Access) (Offered for contract applications signed on or after June 22, 2020)

RiverSource<sup>®</sup> RAVA Apex Variable Annuity (RAVA Apex)

RiverSource<sup>®</sup> RAVA Vista Variable Annuity (RAVA Vista)

RiverSource<sup>®</sup> Flexible Portfolio Annuity (FPA)

RiverSource<sup>®</sup> Retirement Group Annuity Contract I (Retirement GAC I)

RiverSource<sup>®</sup> Retirement Group Annuity Contract II (Retirement GAC II)

RiverSource<sup>®</sup> Retirement Advisor Variable Annuity – Band 3 (RAVA Band 3)\*

RiverSource<sup>®</sup> Retirement Advisor Advantage Variable Annuity – Band 3 (RAVA Advantage Band 3)\*

\* New contracts are no longer being issued for this product. As a result, an annual contract prospectus and statement of additional information are no longer distributed. An annual report for this product is distributed to all current contract holders.

The Account is comprised of various divisions. Each division invests exclusively in shares of the following funds or portfolios (collectively, the Funds), which are registered under the 1940 Act as open-end management investment companies. The name of each Fund and the corresponding division name are provided below. Each division is comprised of subaccounts. Individual variable annuity accounts invest in subaccounts. For each division, the financial statements are comprised of a statement of assets and liabilities as of December 31, 2024, a related statement of operations for the year then ended and statements of changes in net assets for each of the two years in the period then ended, all presented to reflect a full twelve month period except as noted below.

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| | |
|:---|:---|
| **122** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

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| | |
|:---|:---|
| **Division** | **Fund** |
|  AB VPS Dyn Asset Alloc, Cl B | AB VPS Dynamic Asset Allocation Portfolio (Class B) |
|  AB VPS Intl Val, Cl B | AB VPS International Value Portfolio (Class B) |
|  AB VPS Lg Cap Gro, Cl B | AB VPS Large Cap Growth Portfolio (Class B) |
|  AB VPS Relative Val, Cl B | AB VPS Relative Value Portfolio (Class B) |
|  AB VPS Sus Gbl Thematic, Cl B | AB VPS Sustainable Global Thematic Portfolio (Class B) |
|  Allspg VT Index Asset Alloc, Cl 2 | Allspring VT Index Asset Allocation Fund – Class 2 |
|  Allspg VT Opp, Cl 2 | Allspring VT Opportunity Fund – Class 2 |
|  Allspg VT Sm Cap Gro, Cl 2 | Allspring VT Small Cap Growth Fund – Class 2 |
|  ALPS Alerian Engy Infr, Class III | ALPS/Alerian Energy Infrastructure Portfolio: Class III |
|  BlackRock Adv SMID Cap VI, Cl III | BlackRock Advantage SMID Cap V.I. Fund (Class III) |
|  BlackRock Global Alloc, Cl III | BlackRock Global Allocation V.I. Fund (Class III) |
|  BNY Mellon Sus US Eq, Serv | BNY Mellon Sustainable U.S. Equity Portfolio, Inc. – Service Shares |
|  Calvert VP SRI Bal, Cl F | Calvert VP SRI Balanced Portfolio – Class F |
|  Calvert VP SRI Bal, Cl I | Calvert VP SRI Balanced Portfolio – Class I |
|  CB Var Sm Cap Gro, Cl I | ClearBridge Variable Small Cap Growth Portfolio – Class I |
|  Col VP Bal, Cl 2 | Columbia Variable Portfolio – Balanced Fund (Class 2) |
|  Col VP Bal, Cl 3 | Columbia Variable Portfolio – Balanced Fund (Class 3) |
|  Col VP Commodity Strategy, Cl 2 | Columbia Variable Portfolio – Commodity Strategy Fund (Class 2) |
|  Col VP Contrarian Core, Cl 2 | Columbia Variable Portfolio – Contrarian Core Fund (Class 2) |
|  Col VP Disciplined Core, Cl 2 | Columbia Variable Portfolio – Disciplined Core Fund (Class 2) |
|  Col VP Disciplined Core, Cl 3 | Columbia Variable Portfolio – Disciplined Core Fund (Class 3) |
|  Col VP Divd Opp, Cl 2 | Columbia Variable Portfolio – Dividend Opportunity Fund (Class 2) |
|  Col VP Divd Opp, Cl 3 | Columbia Variable Portfolio – Dividend Opportunity Fund (Class 3) |
|  Col VP Emerg Mkts Bond, Cl 2 | Columbia Variable Portfolio – Emerging Markets Bond Fund (Class 2) |
|  Col VP Emer Mkts, Cl 2 | Columbia Variable Portfolio – Emerging Markets Fund (Class 2) |
|  Col VP Emer Mkts, Cl 3 | Columbia Variable Portfolio – Emerging Markets Fund (Class 3) |
|  Col VP Global Strategic Inc, Cl 2 | Columbia Variable Portfolio – Global Strategic Income Fund (Class 2)<br>(renamed to Columbia Variable Portfolio – Corporate Bond Fund (Class 2) effective sometime during the second quarter of 2025) |
|  Col VP Global Strategic Inc, Cl 3 | Columbia Variable Portfolio – Global Strategic Income Fund (Class 3)<br>(renamed to Columbia Variable Portfolio – Corporate Bond Fund (Class 3) effective sometime during the second quarter of 2025) |
|  Col VP Govt Money Mkt, Cl 2 | Columbia Variable Portfolio – Government Money Market Fund (Class 2) |
|  Col VP Govt Money Mkt, Cl 3 | Columbia Variable Portfolio – Government Money Market Fund (Class 3) |
|  Col VP Hi Yield Bond, Cl 2 | Columbia Variable Portfolio – High Yield Bond Fund (Class 2) |
|  Col VP Hi Yield Bond, Cl 3 | Columbia Variable Portfolio – High Yield Bond Fund (Class 3) |
|  Col VP Inc Opp, Cl 2 | Columbia Variable Portfolio – Income Opportunities Fund (Class 2) |
|  Col VP Inc Opp, Cl 3 | Columbia Variable Portfolio – Income Opportunities Fund (Class 3) |
|  Col VP Inter Bond, Cl 2 | Columbia Variable Portfolio – Intermediate Bond Fund (Class 2) |
|  Col VP Inter Bond, Cl 3 | Columbia Variable Portfolio – Intermediate Bond Fund (Class 3) |
|  Col VP Lg Cap Gro, Cl 2 | Columbia Variable Portfolio – Large Cap Growth Fund (Class 2) |
|  Col VP Lg Cap Gro, Cl 3 | Columbia Variable Portfolio – Large Cap Growth Fund (Class 3) |
|  Col VP Lg Cap Index, Cl 2 | Columbia Variable Portfolio – Large Cap Index Fund (Class 2) |
|  Col VP Lg Cap Index, Cl 3 | Columbia Variable Portfolio – Large Cap Index Fund (Class 3) |
|  Col VP Limited Duration Cr, Cl 2 | Columbia Variable Portfolio – Limited Duration Credit Fund (Class 2) |
|  Col VP Long Govt/Cr Bond, Cl 2 | Columbia Variable Portfolio – Long Government/Credit Bond Fund (Class 2) |
|  Col VP Overseas Core, Cl 2 | Columbia Variable Portfolio – Overseas Core Fund (Class 2) |
|  Col VP Overseas Core, Cl 3 | Columbia Variable Portfolio – Overseas Core Fund (Class 3) |
|  Col VP Select Lg Cap Eq, Cl 2 | Columbia Variable Portfolio – Select Large Cap Equity Fund (Class 2) |
|  Col VP Select Lg Cap Val, Cl 2 | Columbia Variable Portfolio – Select Large Cap Value Fund (Class 2) |
|  Col VP Select Lg Cap Val, Cl 3 | Columbia Variable Portfolio – Select Large Cap Value Fund (Class 3) |
|  Col VP Select Mid Cap Gro, Cl 2 | Columbia Variable Portfolio – Select Mid Cap Growth Fund (Class 2) |
|  Col VP Select Mid Cap Gro, Cl 3 | Columbia Variable Portfolio – Select Mid Cap Growth Fund (Class 3) |
|  Col VP Select Mid Cap Val, Cl 2 | Columbia Variable Portfolio – Select Mid Cap Value Fund (Class 2) |
|  Col VP Select Mid Cap Val, Cl 3 | Columbia Variable Portfolio – Select Mid Cap Value Fund (Class 3) |
|  Col VP Select Sm Cap Val, Cl 2 | Columbia Variable Portfolio – Select Small Cap Value Fund (Class 2) |

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| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **123** |

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| | |
|:---|:---|
| **Division** | **Fund** |
|  Col VP Select Sm Cap Val, Cl 3 | Columbia Variable Portfolio – Select Small Cap Value Fund (Class 3) |
|  Col VP Sel Gbl Tech, Cl 2 | Columbia Variable Portfolio – Seligman Global Technology Fund (Class 2) |
|  Col VP Sm Cap Val, Cl 2 | Columbia Variable Portfolio – Small Cap Value Fund (Class 2) |
|  Col VP Strategic Inc, Cl 2 | Columbia Variable Portfolio – Strategic Income Fund (Class 2) |
|  Col VP US Govt Mtge, Cl 2 | Columbia Variable Portfolio – U.S. Government Mortgage Fund (Class 2) |
|  Col VP US Govt Mtge, Cl 3 | Columbia Variable Portfolio – U.S. Government Mortgage Fund (Class 3) |
|  CS Commodity Return, Cl 1 | Credit Suisse Trust – Commodity Return Strategy Portfolio, Class 1 |
|  CTIVP AC Div Bond, Cl 2 | CTIVP<sup>®</sup> – American Century Diversified Bond Fund (Class 2) |
|  CTIVP BR Gl Infl Prot Sec, Cl 2 | CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund (Class 2) |
|  CTIVP BR Gl Infl Prot Sec, Cl 3 | CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund (Class 3) |
|  CTIVP CenterSquare Real Est, Cl 2 | CTIVP<sup>®</sup> – CenterSquare Real Estate Fund (Class 2) |
|  CTIVP MFS Val, Cl 2 | CTIVP<sup>®</sup> – MFS<sup>®</sup> Value Fund (Class 2)<br>(renamed to CTIVP<sup>®</sup> – Wellington Large Cap Value Fund (Class 2) effective sometime during the second quarter of 2025) |
|  CTIVP Prin Blue Chip Gro, Cl 1 | CTIVP<sup>®</sup> – Principal Blue Chip Growth Fund (Class 1)<br>(renamed to CTIVP<sup>®</sup> – Principal Large Cap Growth Fund (Class 1) effective sometime during the second quarter of 2025) |
|  CTIVP Prin Blue Chip Gro, Cl 2 | CTIVP<sup>®</sup> – Principal Blue Chip Growth Fund (Class 2)<br>(renamed to CTIVP<sup>®</sup> – Principal Large Cap Growth Fund (Class 2) effective sometime during the second quarter of 2025) |
|  CTIVP T Rowe Price LgCap Val, Cl 2 | CTIVP<sup>®</sup> – T. Rowe Price Large Cap Value Fund (Class 2) |
|  CTIVP TCW Core Plus Bond, Cl 2 | CTIVP<sup>®</sup> – TCW Core Plus Bond Fund (Class 2) |
|  CTIVP Vty Sycamore Estb Val, Cl 2 | CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund (Class 2) |
|  CTIVP Vty Sycamore Estb Val, Cl 3 | CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund (Class 3) |
|  CTIVP Westfield Mid Cap Gro, Cl 2 | CTIVP<sup>®</sup> – Westfield Mid Cap Growth Fund (Class 2) |
|  CTIVP Westfield Sel Lg Cp Gr, Cl 2 | CTIVP<sup>®</sup> – Westfield Select Large Cap Growth Fund (Class 2)<br>(previously CTIVP<sup>®</sup> – Morgan Stanley Advantage Fund (Class 2)) |
|  CVT EAFE Intl Index, Cl F | CVT EAFE International Index Portfolio – Class F<br>(previously Calvert VP EAFE International Index Portfolio – Class F) |
|  CVT Nasdaq 100 Index, Cl F | CVT Nasdaq 100 Index Portfolio – Class F<br>(previously Calvert VP Nasdaq 100 Index Portfolio – Class F) |
|  CVT Russ 2000 Sm Cap Ind, Cl F | CVT Russell 2000<sup>®</sup> Small Cap Index Portfolio – Class F<br>(previously Calvert VP Russell 2000<sup>®</sup> Small Cap Index Portfolio – Class F) |
|  DWS Alt Asset Alloc VIP, Cl B | DWS Alternative Asset Allocation VIP, Class B |
|  EV VT Floating-Rate Inc, Init Cl | Eaton Vance VT Floating-Rate Income Fund – Initial Class |
|  Fid VIP Contrafund, Serv Cl 2 | Fidelity<sup>®</sup> VIP Contrafund<sup>SM</sup> Portfolio Service Class 2 |
|  Fid VIP Emer Mkts, Serv Cl 2 | Fidelity<sup>®</sup> VIP Emerging Markets Portfolio Service Class 2 |
|  Fid VIP Energy, Serv Cl 2 | Fidelity<sup>®</sup> VIP Energy Portfolio Service Class 2 |
|  Fid VIP Gro & Inc, Serv Cl | Fidelity<sup>®</sup> VIP Growth & Income Portfolio Service Class |
|  Fid VIP Gro & Inc, Serv Cl 2 | Fidelity<sup>®</sup> VIP Growth & Income Portfolio Service Class 2 |
|  Fid VIP Gro Opp, Serv Cl 2 | Fidelity<sup>®</sup> VIP Growth Opportunities Portfolio Service Class 2 |
|  Fid VIP Intl Cap Appr, Serv Cl 2 | Fidelity<sup>®</sup> VIP International Capital Appreciation Portfolio Service Class 2 |
|  Fid VIP Invest Gr, Serv Cl 2 | Fidelity<sup>®</sup> VIP Investment Grade Bond Portfolio Service Class 2 |
|  Fid VIP Mid Cap, Serv Cl | Fidelity<sup>®</sup> VIP Mid Cap Portfolio Service Class |
|  Fid VIP Mid Cap, Serv Cl 2 | Fidelity<sup>®</sup> VIP Mid Cap Portfolio Service Class 2 |
|  Fid VIP Overseas, Serv Cl | Fidelity<sup>®</sup> VIP Overseas Portfolio Service Class |
|  Fid VIP Overseas, Serv Cl 2 | Fidelity<sup>®</sup> VIP Overseas Portfolio Service Class 2 |
|  Fid VIP Strategic Inc, Serv Cl 2 | Fidelity<sup>®</sup> VIP Strategic Income Portfolio Service Class 2 |
|  Frank Global Real Est, Cl 2 | Franklin Global Real Estate VIP Fund – Class 2 |
|  Frank Inc, Cl 2 | Franklin Income VIP Fund – Class 2 |
|  Frank Inc, Cl 4 | Franklin Income VIP Fund – Class 4 |
|  Frank Mutual Gbl Dis, Cl 4 | Franklin Mutual Global Discovery VIP Fund – Class 4 |
|  Frank Mutual Shares, Cl 2 | Franklin Mutual Shares VIP Fund – Class 2 |
|  Frank Sm Cap Val, Cl 2 | Franklin Small Cap Value VIP Fund – Class 2 |
|  Frank Sm Cap Val, Cl 4 | Franklin Small Cap Value VIP Fund – Class 4 |
|  GS VIT Mid Cap Val, Inst | Goldman Sachs VIT Mid Cap Value Fund – Institutional Shares |
|  GS VIT Multi-Strategy Alt, Advisor | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio – Advisor Shares<sup>(1)</sup> |
|  GS VIT Multi-Strategy Alt, Serv | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio – Service Shares<sup>(2)</sup> |
|  GS VIT Sm Cap Eq Insights, Inst | Goldman Sachs VIT Small Cap Equity Insights Fund – Institutional Shares |
|  GS VIT Sm Cap Eq Insights, Serv | Goldman Sachs VIT Small Cap Equity Insights Fund – Service Shares |
|  GS VIT U.S. Eq Insights, Inst | Goldman Sachs VIT U.S. Equity Insights Fund – Institutional Shares |
|  Invesco VI Am Fran, Ser I | Invesco V.I. American Franchise Fund, Series I Shares |
|  Invesco VI Am Fran, Ser II | Invesco V.I. American Franchise Fund, Series II Shares |
|  Invesco VI Bal Risk Alloc, Ser II | Invesco V.I. Balanced-Risk Allocation Fund, Series II Shares |
|  Invesco VI Comstock, Ser II | Invesco V.I. Comstock Fund, Series II Shares |

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| | |
|:---|:---|
| **124** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

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| | |
|:---|:---|
| **Division** | **Fund** |
|  Invesco VI Core Eq, Ser I | Invesco V.I. Core Equity Fund, Series I Shares |
|  Invesco VI Core Plus Bond, Ser II | Invesco V.I. Core Plus Bond Fund, Series II Shares |
|  Invesco VI Dis Mid Cap Gro, Ser I | Invesco V.I. Discovery Mid Cap Growth Fund, Series I Shares |
|  Invesco VI Dis Mid Cap Gro, Ser II | Invesco V.I. Discovery Mid Cap Growth Fund, Series II Shares |
|  Invesco VI Div Divd, Ser I | Invesco V.I. Diversified Dividend Fund, Series I Shares |
|  Invesco VI Div Divd, Ser II | Invesco V.I. Diversified Dividend Fund, Series II Shares |
|  Invesco VI EQV Intl Eq, Ser II | Invesco V.I. EQV International Equity Fund, Series II Shares |
|  Invesco VI Global, Ser II | Invesco V.I. Global Fund, Series II Shares |
|  Invesco VI Gbl Strat Inc, Ser II | Invesco V.I. Global Strategic Income Fund, Series II Shares |
|  Invesco VI Hlth, Ser II | Invesco V.I. Health Care Fund, Series II Shares |
|  Invesco VI Main St, Ser II | Invesco V.I. Main Street Fund<sup>®</sup>, Series II Shares |
|  Invesco VI Mn St Sm Cap, Ser II | Invesco V.I. Main Street Small Cap Fund<sup>®</sup>, Series II Shares |
|  Invesco VI Tech, Ser I | Invesco V.I. Technology Fund, Series I Shares |
|  Invesco VI Tech, Ser II | Invesco V.I. Technology Fund, Series II Shares |
|  Janus Henderson VIT Bal, Serv | Janus Henderson VIT Balanced Portfolio: Service Shares |
|  Janus Henderson VIT Enter, Serv | Janus Henderson VIT Enterprise Portfolio: Service Shares |
|  Janus Henderson VIT Flex Bd, Serv | Janus Henderson VIT Flexible Bond Portfolio: Service Shares |
|  Janus Henderson VIT Forty, Serv | Janus Henderson VIT Forty Portfolio: Service Shares |
|  Janus Hend VIT Gbl Tech Innov, Srv | Janus Henderson VIT Global Technology and Innovation Portfolio: Service Shares |
|  Janus Henderson VIT Overseas, Serv | Janus Henderson VIT Overseas Portfolio: Service Shares |
|  Janus Henderson VIT Res, Serv | Janus Henderson VIT Research Portfolio: Service Shares |
|  Lazard Ret Emer Mkts Eq, Serv | Lazard Retirement Emerging Markets Equity Portfolio – Service Shares |
|  Lazard Ret Global Dyn MA, Serv | Lazard Retirement Global Dynamic Multi-Asset Portfolio – Service Shares |
|  Lord Abt Bond Debenture, Cl VC | Lord Abbett Series Fund Bond Debenture Portfolio – Class VC |
|  Lord Abt Short Dur Inc, Cl VC | Lord Abbett Series Fund Short Duration Income Portfolio – Class VC |
|  LVIP AC Intl, Serv Cl | LVIP American Century International Fund, Service Class<sup>(3)</sup> |
|  LVIP AC Intl, Std Cl II | LVIP American Century International Fund, Standard Class II<sup>(4)</sup> |
|  LVIP AC Mid Cap Val, Serv Cl | LVIP American Century Mid Cap Value Fund, Service Class<sup>(5)</sup> |
|  LVIP AC Ultra, Serv Cl | LVIP American Century Ultra<sup>®</sup> Fund, Service Class<sup>(6)</sup> |
|  LVIP AC Val, Serv Cl | LVIP American Century Value Fund, Service Class<sup>(7)</sup> |
|  LVIP AC Val, Std Cl II | LVIP American Century Value Fund, Standard Class II<sup>(8)</sup> |
|  LVIP JPM US Eq, Serv Cl | LVIP JPMorgan U.S. Equity Fund – Service Class<sup>(9),(10)</sup> |
|  Mac VIP Asset Strategy, Serv Cl | Macquarie VIP Asset Strategy Series – Service Class<br>(previously Delaware Ivy VIP Asset Strategy, Class II) |
|  Mac VIP for Inc, Serv Cl | Macquarie VIP Fund for Income Series – Service Class<br>(previously Delaware VIP<sup>®</sup> Fund for Income Series – Service Class) |
|  Mac VIP Intl Core Eq, Serv Cl | Macquarie VIP International Core Equity Series – Service Class<sup>(11),(12)</sup><br>(previously Delaware Ivy VIP International Core Equity – Class II) |
|  MFS Gbl Real Est, Serv Cl | MFS<sup>®</sup> Global Real Estate Portfolio – Service Class |
|  MFS Intl Gro, Serv Cl | MFS<sup>®</sup> International Growth Portfolio – Service Class |
|  MFS Mass Inv Gro Stock, Serv Cl | MFS<sup>®</sup> Massachusetts Investors Growth Stock Portfolio – Service Class |
|  MFS New Dis, Serv Cl | MFS<sup>®</sup> New Discovery Series – Service Class |
|  MFS Research Intl, Serv Cl | MFS<sup>®</sup> Research International Portfolio – Service Class |
|  MFS Utilities, Serv Cl | MFS<sup>®</sup> Utilities Series – Service Class |
|  MS VIF Dis, Cl II | Morgan Stanley VIF Discovery Portfolio, Class II Shares |
|  NB AMT Sus Eq, Cl S | Neuberger Berman AMT Sustainable Equity Portfolio (Class S) |
|  PIMCO VIT All Asset, Advisor Cl | PIMCO VIT All Asset Portfolio, Advisor Class |
|  PIMCO VIT Glb Man As Alloc, Adv Cl | PIMCO VIT Global Managed Asset Allocation Portfolio, Advisor Class |
|  PIMCO VIT Tot Return, Advisor Cl | PIMCO VIT Total Return Portfolio, Advisor Class |
|  Put VT Global Hlth Care, Cl IB | Putnam VT Global Health Care Fund – Class IB Shares |
|  Put VT Intl Eq, Cl IB | Putnam VT International Equity Fund – Class IB Shares |
|  Put VT Intl Val, Cl IB | Putnam VT International Value Fund – Class IB Shares |
|  Put VT Lg Cap Val, Cl IB | Putnam VT Large Cap Value Fund – Class IB Shares |
|  Put VT Sus Fut, Cl IB | Putnam VT Sustainable Future Fund – Class IB Shares |
|  Put VT Sus Leaders, Cl IA | Putnam VT Sustainable Leaders Fund – Class IA Shares |
|  Put VT Sus Leaders, Cl IB | Putnam VT Sustainable Leaders Fund – Class IB Shares |
|  Royce Micro-Cap, Invest Cl | Royce Capital Fund – Micro-Cap Portfolio, Investment Class |
|  Temp Global Bond, Cl 2 | Templeton Global Bond VIP Fund – Class 2 |
|  Third Ave VST Third Ave Value | Third Avenue VST Third Avenue Value Portfolio |

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| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **125** |

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| | |
|:---|:---|
| **Division** | **Fund** |
|  VanEck VIP Global Gold, Cl S | VanEck VIP Global Gold Fund (Class S Shares) |
|  VP Aggr, Cl 2 | Variable Portfolio – Aggressive Portfolio (Class 2) |
|  VP Aggr, Cl 4 | Variable Portfolio – Aggressive Portfolio (Class 4) |
|  VP Conserv, Cl 2 | Variable Portfolio – Conservative Portfolio (Class 2) |
|  VP Conserv, Cl 4 | Variable Portfolio – Conservative Portfolio (Class 4) |
|  VP Man Risk, Cl 2 | Variable Portfolio – Managed Risk Fund (Class 2) |
|  VP Man Risk US, Cl 2 | Variable Portfolio – Managed Risk U.S. Fund (Class 2) |
|  VP Man Vol Conserv, Cl 2 | Variable Portfolio – Managed Volatility Conservative Fund (Class 2) |
|  VP Man Vol Conserv Gro, Cl 2 | Variable Portfolio – Managed Volatility Conservative Growth Fund (Class 2) |
|  VP Man Vol Gro, Cl 2 | Variable Portfolio – Managed Volatility Growth Fund (Class 2) |
|  VP Man Vol Mod Gro, Cl 2 | Variable Portfolio – Managed Volatility Moderate Growth Fund (Class 2) |
|  VP Mod, Cl 2 | Variable Portfolio – Moderate Portfolio (Class 2) |
|  VP Mod, Cl 4 | Variable Portfolio – Moderate Portfolio (Class 4) |
|  VP Mod Aggr, Cl 2 | Variable Portfolio – Moderately Aggressive Portfolio (Class 2) |
|  VP Mod Aggr, Cl 4 | Variable Portfolio – Moderately Aggressive Portfolio (Class 4) |
|  VP Mod Conserv, Cl 2 | Variable Portfolio – Moderately Conservative Portfolio (Class 2) |
|  VP Mod Conserv, Cl 4 | Variable Portfolio – Moderately Conservative Portfolio (Class 4) |
|  VP Ptnrs Core Bond, Cl 2 | Variable Portfolio – Partners Core Bond Fund (Class 2) |
|  VP Ptnrs Core Eq, Cl 2 | Variable Portfolio – Partners Core Equity Fund (Class 2) |
|  VP Ptnrs Core Eq, Cl 3 | Variable Portfolio – Partners Core Equity Fund (Class 3) |
|  VP Ptnrs Intl Core Eq, Cl 2 | Variable Portfolio – Partners International Core Equity Fund (Class 2) |
|  VP Ptnrs Intl Gro, Cl 2 | Variable Portfolio – Partners International Growth Fund (Class 2) |
|  VP Ptnrs Intl Val, Cl 2 | Variable Portfolio – Partners International Value Fund (Class 2) |
|  VP Ptnrs Sm Cap Gro, Cl 2 | Variable Portfolio – Partners Small Cap Growth Fund (Class 2) |
|  VP Ptnrs Sm Cap Val, Cl 2 | Variable Portfolio – Partners Small Cap Value Fund (Class 2) |
|  VP Ptnrs Sm Cap Val, Cl 3 | Variable Portfolio – Partners Small Cap Value Fund (Class 3) |
|  VP US Flex Conserv Gro, Cl 2 | Variable Portfolio – U.S. Flexible Conservative Growth Fund (Class 2) |
|  VP US Flex Gro, Cl 2 | Variable Portfolio – U.S. Flexible Growth Fund (Class 2) |
|  VP US Flex Mod Gro, Cl 2 | Variable Portfolio – U.S. Flexible Moderate Growth Fund (Class 2) |
|  Wanger Acorn | Wanger Acorn<br>(renamed to Columbia Variable Portfolio – Acorn Fund effective sometime during the second quarter of 2025) |
|  Wanger Intl | Wanger International<br>(renamed to Columbia Variable Portfolio – Acorn International Fund effective sometime during the second quarter of 2025) |
|  WA Var Global Hi Yd Bond, Cl II | Western Asset Variable Global High Yield Bond Portfolio – Class II |

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<sup>(1)</sup> Goldman Sachs VIT Multi-Strategy Alternatives Portfolio – Advisor Shares is scheduled to liquidate sometime during the second quarter of 2025.

<sup>(2)</sup> Goldman Sachs VIT Multi-Strategy Alternatives Portfolio – Service Shares is scheduled to liquidate sometime during the second quarter of 2025.

<sup>(3)</sup> American Century VP International, Class II reorganized into LVIP American Century International Fund, Service Class on April 26, 2024.

<sup>(4)</sup> American Century VP International, Class I reorganized into LVIP American Century International Fund, Standard Class II on April 26, 2024.

<sup>(5)</sup> American Century VP Mid Cap Value, Class II reorganized into LVIP American Century Mid Cap Value Fund, Service Class on April 26, 2024.

<sup>(6)</sup> American Century VP Ultra<sup>®</sup>, Class II reorganized into LVIP American Century Ultra<sup>®</sup> Fund, Service Class on April 26, 2024.

<sup>(7)</sup> American Century VP Value, Class II reorganized into LVIP American Century Value Fund, Service Class on April 26, 2024.

<sup>(8)</sup> American Century VP Value, Class I reorganized into LVIP American Century Value Fund, Standard Class II on April 26, 2024.

<sup>(9)</sup> JPMorgan Insurance Trust U.S. Equity Portfolio – Class 2 Shares merged into LVIP JPMorgan U.S. Equity Fund – Service Class on April 28, 2023.

<sup>(10)</sup> For the period April 28, 2023 (commencement of operations) to December 31, 2023.

<sup>(11)</sup> For the period April 26, 2024 (commencement of operations) to December 31, 2024.

<sup>(12)</sup> Delaware VIP<sup>®</sup> International Series – Service Class merged into Delaware Ivy VIP International Core Equity – Class II on April 26, 2024. Subsequent to the merger, the fund was renamed to Macquerie VIP International Core Equity Series – Service Class.

The assets of each division of the Account are not chargeable with liabilities arising out of the business conducted by any other segregated asset account or by RiverSource Life.

RiverSource Life serves as issuer of the contracts.

**2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** 

**Investments in the Funds** 

Investment transactions are accounted for on the trade date the shares are purchased and sold. Realized gains and losses on the sales of investments are computed using the average cost method. Income from dividends and gains from realized capital gain distributions are reinvested in additional shares of the Funds and are recorded as income by the divisions on the ex-dividend date.

Unrealized appreciation or depreciation of investments in the accompanying financial statements represents the division's share of the Funds' undistributed net investment income, undistributed realized gain or loss and the unrealized appreciation or depreciation on their investment securities.

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| | |
|:---|:---|
| **126** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

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The Account categorizes its fair value measurements according to a three-level hierarchy. An investment's level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the fair value measurement. The three levels of the fair value hierarchy are defined as follows:

Level 1 – Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date.

Level 2 – Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities.

Level 3 – Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

The Funds in the Accounts have been measured at fair value using the net asset value per share (or its equivalent) as a practical expedient and are not therefore categorized in the fair value hierarchy. There were no transfers between levels in the period ended December 31, 2024.

**Variable Payout** 

Net assets allocated to contracts in the payout period are periodically compared to a computation which uses the Annuity 2000 Basic Mortality Table and which assumes future mortality improvement. The assumed investment return is 3.5% or 5% based on the annuitant's election, or as regulated by the laws of the respective states. The mortality risk is fully borne by RiverSource Life and may result in additional amounts being transferred into the variable annuity account by RiverSource Life to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the insurance company.

**Federal Income Taxes** 

RiverSource Life is taxed as a life insurance company. The Account is treated as part of RiverSource Life for federal income tax purposes. Under existing federal income tax law, no income taxes are payable with respect to any investment income of the Account to the extent the earnings are credited under the contracts. Based on this, no charge is being made currently to the Account for federal income taxes. RiverSource Life will review periodically the status of this policy. In the event of changes in the tax law, a charge may be made in future years for any federal income taxes that would be attributable to the contracts.

**Subsequent Events** 

Management has evaluated Account related events and transactions that occurred through the date the financial statements were issued. Management noted there were no items requiring adjustments or additional disclosures in the Account's financial statements.

**Use of Estimates** 

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates.

**Segment Reporting** 

In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07, Improvements to Reportable Segment Disclosures, updating reportable segment disclosure requirements in accordance with Topic 280, Segment Reporting ("Topic 280"), primarily through enhanced disclosures about significant segment expenses. The amendments also expand Topic 280 disclosures to public entities with one reportable segment. The amendments are effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024. The standard was adopted on January 1, 2024. The adoption of the standard did not have an impact on the statement of assets and liabilities, the statement of operations or the statement of changes in net assets, as the standard is disclosure-related only.

The Chairman and President of RiverSource Life Insurance Company acts as the Account's chief operating decision maker ("CODM") in assessing performance and making decisions about resource allocation. The CODM has determined that the Account has a single operating segment because the CODM monitors net income, investment performance and overall operating results of the Account as a whole in making decisions about resource allocation. The financial information provided to and reviewed by the CODM is consistent with that presented within the Account's financial statements.

**3. VARIABLE ACCOUNT EXPENSES** 

RiverSource Life deducts a daily mortality and expense risk fee equal, on an annual basis, to the following percent of the average daily net assets of each subaccount.

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| | |
|:---|:---|
| **127** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

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| | |
|:---|:---|
| **Product** | **Mortality and expense risk fee** |
|  RAVA | 0.75% to 0.95%<br> *(depending on the contract selected)* |
|  RAVA Select | 1.00% to 1.20%<br> *(depending on the contract selected)* |
|  RAVA Advantage Band 3 | 0.55% |
|  RAVA Advantage Plus | 0.55% to 0.95%<br> *(depending on the contract selected)* |
|  RAVA Select Plus | 0.75% to 1.20%<br> *(depending on the contract selected)* |
|  RAVA 4 Advantage | 0.85% to 1.05%<br> *(depending on the contract selected)* |
|  RAVA 4 Select | 1.10% to 1.30%<br> *(depending on the contract selected)* |
|  RAVA 4 Access | 1.25% to 1.45%<br> *(depending on the contract selected)* |
|  RAVA 5 Advantage (Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013) | 0.95% to 1.50%<br> *(depending on the contract selected)* |
|  RAVA 5 Select (Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013) | 1.30% to 1.75%<br> *(depending on the contract selected)* |
|  RAVA 5 Access (Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013) | 1.45% to 1.90%<br> *(depending on the contract selected)* |
|  RAVA 5 Advantage (Offered for contract applications signed prior to April 30, 2012) | 0.85% to 1.40%<br> *(depending on the contract selected)* |
|  RAVA 5 Select (Offered for contract applications signed prior to April 30, 2012) | 1.20% to 1.65%<br> *(depending on the contract selected)* |
|  RAVA 5 Access (Offered for contract applications signed prior to April 30, 2012) | 1.35% to 1.80%<br> *(depending on the contract selected)* |
|  RAVA 5 Advantage (Offered for contract applications signed on or after April 29, 2013) | 0.95% to 1.45%<br> *(depending on the contract selected)* |
|  RAVA 5 Select (Offered for contract applications signed on or after April 29, 2013) | 0.95% to 1.70%<br> *(depending on the contract selected)* |
|  RAVA 5 Access (Offered for contract applications signed on or after April 29, 2013) | 0.95% to 1.85%<br> *(depending on the contract selected)* |
|  RAVA 5 Advantage (Offered for contract applications signed on or after April 29, 2019) | 0.95% to 1.45%<br> *(depending on the contract selected)* |
|  RAVA 5 Choice | 0.95% to 1.55%<br> *(depending on the contract selected)* |
|  RAVA 5 Access (Offered for contract applications signed on or after June 22, 2020) | 0.95% to 1.30%<br> *(depending on the contract selected)* |
|  RAVA Apex | 0.65% to 1.50%<br> *(depending on the contract selected)* |
|  RAVA Vista | 0.90% to 1.55%<br> *(depending on the contract selected)* |
|  FPA | 1.25% |
|  Retirement GAC I | 0.60% |
|  Retirement GAC II | 0.95% |
|  RAVA Band 3 | 0.55% |
|  RAVA Advantage | 0.75% to 0.95%<br> *(depending on the contract selected)* |

---

**4. CONTRACT CHARGES** 

RiverSource Life deducts a contract administrative charge of $50 per year on the contract anniversary. This charge reimburses RiverSource Life for expenses incurred in establishing and maintaining the annuity records. Certain products may waive this charge based upon the underlying contract value.

Optional riders are available on certain products and if selected, the related fees are deducted annually from the contract value on the contract anniversary.

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| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **128** |

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**5. SURRENDER CHARGES** 

RiverSource Life may assess a surrender charge to help it recover certain expenses related to the sale of the annuity. Such charges are not treated as a separate expense of the divisions as they are ultimately deducted from contract surrender benefits paid by RiverSource Life. Charges by RiverSource Life for surrenders are not identified on an individual division basis.

**6. RELATED PARTY TRANSACTIONS** 

RiverSource Life is a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). The following table reflects fees paid by certain affiliated funds to Ameriprise Financial and its affiliates.

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| | |
|:---|:---|
| **Fee Agreement:** | **Fees Paid To:** |
|  Management Agreement | Columbia Management Investment Advisers, LLC |
|  Shareholder Services Agreement | Columbia Management Investment Services Corp. |
|  Plan and Agreement of Distribution | Columbia Management Investment Distributors, Inc. |
|  Investment Advisory Agreement | Columbia Wanger Asset Management, LLC |
|  Administrative Services Agreement | Columbia Wanger Asset Management, LLC |

---

**7. INVESTMENT TRANSACTIONS** 

The divisions' purchases of Funds' shares, including reinvestment of dividend distributions, for the year ended December 31, 2024 were as follows:

---

| | |
|:---|:---|
| **Division** | **Purchases** |
|  AB VPS Dyn Asset Alloc, Cl B | $849572 |
|  AB VPS Intl Val, Cl B | 3034032 |
|  AB VPS Lg Cap Gro, Cl B | 28850648 |
|  AB VPS Relative Val, Cl B | 7745805 |
|  AB VPS Sus Gbl Thematic, Cl B | 924916 |
|  Allspg VT Index Asset Alloc, Cl 2 | 1618541 |
|  Allspg VT Opp, Cl 2 | 4485339 |
|  Allspg VT Sm Cap Gro, Cl 2 | 4571897 |
|  ALPS Alerian Engy Infr, Class III | 7789055 |
|  BlackRock Adv SMID Cap VI, Cl III | 1029390 |
|  BlackRock Global Alloc, Cl III | 12373332 |
|  BNY Mellon Sus US Eq, Serv | 620958 |
|  Calvert VP SRI Bal, Cl F | 1050305 |
|  Calvert VP SRI Bal, Cl I | 2089161 |
|  CB Var Sm Cap Gro, Cl I | 1324960 |
|  Col VP Bal, Cl 2 | 45229794 |
|  Col VP Bal, Cl 3 | 38036299 |
|  Col VP Commodity Strategy, Cl 2 | 2174576 |
|  Col VP Contrarian Core, Cl 2 | 24330203 |
|  Col VP Disciplined Core, Cl 2 | 6950389 |
|  Col VP Disciplined Core, Cl 3 | 2193485 |
|  Col VP Divd Opp, Cl 2 | 13006584 |
|  Col VP Divd Opp, Cl 3 | 2248047 |
|  Col VP Emerg Mkts Bond, Cl 2 | 1917357 |
|  Col VP Emer Mkts, Cl 2 | 3739452 |
|  Col VP Emer Mkts, Cl 3 | 2307638 |
|  Col VP Global Strategic Inc, Cl 2 | 2714338 |
|  Col VP Global Strategic Inc, Cl 3 | 2865201 |
|  Col VP Govt Money Mkt, Cl 2 | 56267983 |
|  Col VP Govt Money Mkt, Cl 3 | 63734380 |
|  Col VP Hi Yield Bond, Cl 2 | 10886985 |
|  Col VP Hi Yield Bond, Cl 3 | 8883978 |
|  Col VP Inc Opp, Cl 2 | 5692756 |
|  Col VP Inc Opp, Cl 3 | 6583063 |
|  Col VP Inter Bond, Cl 2 | 24831263 |
|  Col VP Inter Bond, Cl 3 | 21397067 |
|  Col VP Lg Cap Gro, Cl 2 | 19756955 |
|  Col VP Lg Cap Gro, Cl 3 | 5404455 |

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| | |
|:---|:---|
| **Division** | **Purchases** |
|  Col VP Lg Cap Index, Cl 2 | $59976495 |
|  Col VP Lg Cap Index, Cl 3 | 22558382 |
|  Col VP Limited Duration Cr, Cl 2 | 26724088 |
|  Col VP Long Govt/Cr Bond, Cl 2 | 7477574 |
|  Col VP Overseas Core, Cl 2 | 6651180 |
|  Col VP Overseas Core, Cl 3 | 4183477 |
|  Col VP Select Lg Cap Eq, Cl 2 | 1399747 |
|  Col VP Select Lg Cap Val, Cl 2 | 8395081 |
|  Col VP Select Lg Cap Val, Cl 3 | 1946043 |
|  Col VP Select Mid Cap Gro, Cl 2 | 6521748 |
|  Col VP Select Mid Cap Gro, Cl 3 | 1615965 |
|  Col VP Select Mid Cap Val, Cl 2 | 4451544 |
|  Col VP Select Mid Cap Val, Cl 3 | 740502 |
|  Col VP Select Sm Cap Val, Cl 2 | 3021894 |
|  Col VP Select Sm Cap Val, Cl 3 | 680012 |
|  Col VP Sel Gbl Tech, Cl 2 | 12274563 |
|  Col VP Sm Cap Val, Cl 2 | 1021922 |
|  Col VP Strategic Inc, Cl 2 | 14727454 |
|  Col VP US Govt Mtge, Cl 2 | 3093505 |
|  Col VP US Govt Mtge, Cl 3 | 2981698 |
|  CS Commodity Return, Cl 1 | 1015560 |
|  CTIVP AC Div Bond, Cl 2 | 6980407 |
|  CTIVP BR Gl Infl Prot Sec, Cl 2 | 2240779 |
|  CTIVP BR Gl Infl Prot Sec, Cl 3 | 3399910 |
|  CTIVP CenterSquare Real Est, Cl 2 | 2591201 |
|  CTIVP MFS Val, Cl 2 | 13043234 |
|  CTIVP Prin Blue Chip Gro, Cl 1 | 1571974 |
|  CTIVP Prin Blue Chip Gro, Cl 2 | 7948096 |
|  CTIVP T Rowe Price LgCap Val, Cl 2 | 4117018 |
|  CTIVP TCW Core Plus Bond, Cl 2 | 7728397 |
|  CTIVP Vty Sycamore Estb Val, Cl 2 | 8222153 |
|  CTIVP Vty Sycamore Estb Val, Cl 3 | 1793614 |
|  CTIVP Westfield Mid Cap Gro, Cl 2 | 3730692 |
|  CTIVP Westfield Sel Lg Cp Gr, Cl 2 | 1519268 |
|  CVT EAFE Intl Index, Cl F | 2171529 |
|  CVT Nasdaq 100 Index, Cl F | 14418284 |
|  CVT Russ 2000 Sm Cap Ind, Cl F | 6182260 |
|  DWS Alt Asset Alloc VIP, Cl B | 2740679 |

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| | |
|:---|:---|
| **129** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

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| | |
|:---|:---|
| **Division** | **Purchases** |
|  EV VT Floating-Rate Inc, Init Cl | $10286825 |
|  Fid VIP Contrafund, Serv Cl 2 | 104374010 |
|  Fid VIP Emer Mkts, Serv Cl 2 | 1080045 |
|  Fid VIP Energy, Serv Cl 2 | 912297 |
|  Fid VIP Gro & Inc, Serv Cl | 4330161 |
|  Fid VIP Gro & Inc, Serv Cl 2 | 14236491 |
|  Fid VIP Gro Opp, Serv Cl 2 | 13871183 |
|  Fid VIP Intl Cap Appr, Serv Cl 2 | 4961497 |
|  Fid VIP Invest Gr, Serv Cl 2 | 9165345 |
|  Fid VIP Mid Cap, Serv Cl | 8940361 |
|  Fid VIP Mid Cap, Serv Cl 2 | 60227415 |
|  Fid VIP Overseas, Serv Cl | 1463251 |
|  Fid VIP Overseas, Serv Cl 2 | 7324578 |
|  Fid VIP Strategic Inc, Serv Cl 2 | 42762036 |
|  Frank Global Real Est, Cl 2 | 2494452 |
|  Frank Inc, Cl 2 | 10115263 |
|  Frank Inc, Cl 4 | 7559340 |
|  Frank Mutual Gbl Dis, Cl 4 | 168024 |
|  Frank Mutual Shares, Cl 2 | 3538416 |
|  Frank Sm Cap Val, Cl 2 | 6616018 |
|  Frank Sm Cap Val, Cl 4 | 1968341 |
|  GS VIT Mid Cap Val, Inst | 7469548 |
|  GS VIT Multi-Strategy Alt, Advisor | 1017984 |
|  GS VIT Multi-Strategy Alt, Serv | 608842 |
|  GS VIT Sm Cap Eq Insights, Inst | 678135 |
|  GS VIT Sm Cap Eq Insights, Serv | 1848013 |
|  GS VIT U.S. Eq Insights, Inst | 14958012 |
|  Invesco VI Am Fran, Ser I | 122994 |
|  Invesco VI Am Fran, Ser II | 665556 |
|  Invesco VI Bal Risk Alloc, Ser II | 3566083 |
|  Invesco VI Comstock, Ser II | 12885146 |
|  Invesco VI Core Eq, Ser I | 6591624 |
|  Invesco VI Core Plus Bond, Ser II | 4278206 |
|  Invesco VI Dis Mid Cap Gro, Ser I | 471408 |
|  Invesco VI Dis Mid Cap Gro, Ser II | 625325 |
|  Invesco VI Div Divd, Ser I | 1347578 |
|  Invesco VI Div Divd, Ser II | 781750 |
|  Invesco VI EQV Intl Eq, Ser II | 1649420 |
|  Invesco VI Global, Ser II | 13360865 |
|  Invesco VI Gbl Strat Inc, Ser II | 6476039 |
|  Invesco VI Hlth, Ser II | 1220454 |
|  Invesco VI Main St, Ser II | 511764 |
|  Invesco VI Mn St Sm Cap, Ser II | 15286234 |
|  Invesco VI Tech, Ser I | 3024966 |
|  Invesco VI Tech, Ser II | 3937838 |
|  Janus Henderson VIT Bal, Serv | 24470186 |
|  Janus Henderson VIT Enter, Serv | 983651 |
|  Janus Henderson VIT Flex Bd, Serv | 17278084 |
|  Janus Henderson VIT Forty, Serv | 3143529 |
|  Janus Hend VIT Gbl Tech Innov, Srv | 4480597 |
|  Janus Henderson VIT Overseas, Serv | 4793592 |
|  Janus Henderson VIT Res, Serv | 5988645 |
|  Lazard Ret Emer Mkts Eq, Serv | 606473 |
|  Lazard Ret Global Dyn MA, Serv | 384207 |
|  Lord Abt Bond Debenture, Cl VC | 4019146 |
|  Lord Abt Short Dur Inc, Cl VC | 5634313 |
|  LVIP AC Intl, Serv Cl | 871260 |
|  LVIP AC Intl, Std Cl II | 193345 |
|  LVIP AC Mid Cap Val, Serv Cl | 5080564 |

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| | |
|:---|:---|
| **Division** | **Purchases** |
|  LVIP AC Ultra, Serv Cl | $6083764 |
|  LVIP AC Val, Serv Cl | 19046872 |
|  LVIP AC Val, Std Cl II | 2597283 |
|  LVIP JPM US Eq, Serv Cl | 804292 |
|  Mac VIP Asset Strategy, Serv Cl | 1534944 |
|  Mac VIP for Inc, Serv Cl | 797405 |
|  Mac VIP Intl Core Eq, Serv Cl | 1398920 |
|  MFS Gbl Real Est, Serv Cl | 1024020 |
|  MFS Intl Gro, Serv Cl | 3179903 |
|  MFS Mass Inv Gro Stock, Serv Cl | 7559128 |
|  MFS New Dis, Serv Cl | 357051 |
|  MFS Research Intl, Serv Cl | 1516349 |
|  MFS Utilities, Serv Cl | 11658606 |
|  MS VIF Dis, Cl II | 3103124 |
|  NB AMT Sus Eq, Cl S | 1990079 |
|  PIMCO VIT All Asset, Advisor Cl | 5169684 |
|  PIMCO VIT Glb Man As Alloc, Adv Cl | 646413 |
|  PIMCO VIT Tot Return, Advisor Cl | 17321102 |
|  Put VT Global Hlth Care, Cl IB | 4650150 |
|  Put VT Intl Eq, Cl IB | 1043598 |
|  Put VT Intl Val, Cl IB | 1832228 |
|  Put VT Lg Cap Val, Cl IB | 9915691 |
|  Put VT Sus Fut, Cl IB | 733929 |
|  Put VT Sus Leaders, Cl IA | 860401 |
|  Put VT Sus Leaders, Cl IB | 1913391 |
|  Royce Micro-Cap, Invest Cl | 786870 |
|  Temp Global Bond, Cl 2 | 1244385 |
|  Third Ave VST Third Ave Value | 1190277 |
|  VanEck VIP Global Gold, Cl S | 5427069 |
|  VP Aggr, Cl 2 | 47523111 |
|  VP Aggr, Cl 4 | 4341621 |
|  VP Conserv, Cl 2 | 41268211 |
|  VP Conserv, Cl 4 | 9922838 |
|  VP Man Risk, Cl 2 | 4165632 |
|  VP Man Risk US, Cl 2 | 12530560 |
|  VP Man Vol Conserv, Cl 2 | 69119154 |
|  VP Man Vol Conserv Gro, Cl 2 | 52508468 |
|  VP Man Vol Gro, Cl 2 | 28806640 |
|  VP Man Vol Mod Gro, Cl 2 | 33374168 |
|  VP Mod, Cl 2 | 59951538 |
|  VP Mod, Cl 4 | 5696452 |
|  VP Mod Aggr, Cl 2 | 61871467 |
|  VP Mod Aggr, Cl 4 | 5611120 |
|  VP Mod Conserv, Cl 2 | 41689665 |
|  VP Mod Conserv, Cl 4 | 8627026 |
|  VP Ptnrs Core Bond, Cl 2 | 5767054 |
|  VP Ptnrs Core Eq, Cl 2 | 1262838 |
|  VP Ptnrs Core Eq, Cl 3 | 267166 |
|  VP Ptnrs Intl Core Eq, Cl 2 | 4464484 |
|  VP Ptnrs Intl Gro, Cl 2 | 3277390 |
|  VP Ptnrs Intl Val, Cl 2 | 3193477 |
|  VP Ptnrs Sm Cap Gro, Cl 2 | 3590999 |
|  VP Ptnrs Sm Cap Val, Cl 2 | 1422286 |
|  VP Ptnrs Sm Cap Val, Cl 3 | 488209 |
|  VP US Flex Conserv Gro, Cl 2 | 35565735 |
|  VP US Flex Gro, Cl 2 | 90098104 |
|  VP US Flex Mod Gro, Cl 2 | 48125885 |
|  Wanger Acorn | 3125544 |
|  Wanger Intl | 4706896 |
|  WA Var Global Hi Yd Bond, Cl II | 3816272 |

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| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **130** |

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**8. FINANCIAL HIGHLIGHTS** 

The table below shows certain financial information regarding the divisions.

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units<br>(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **AB VPS Dyn Asset Alloc, Cl B** | **AB VPS Dyn Asset Alloc, Cl B** | **AB VPS Dyn Asset Alloc, Cl B** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 6929 | $1.53 | to | $1.30 | $9958 | 1.08% | 0.55% | to | 1.90% | 9.82% | to | 8.34% |
| 2023 | 7078 | $1.39 | to | $1.20 | $9303 | 0.61% | 0.55% | to | 1.90% | 12.85% | to | 11.35% |
| 2022 | 7606 | $1.23 | to | $1.08 | $8891 | 2.55% | 0.55% | to | 1.90% | (19.12%) | to | (20.21%) |
| 2021 | 8157 | $1.52 | to | $1.35 | $11850 | 1.61% | 0.55% | to | 1.90% | 8.68% | to | 7.22% |
| 2020 | 7782 | $1.40 | to | $1.26 | $10461 | 1.52% | 0.55% | to | 1.90% | 4.29% | to | 2.89% |
|  **AB VPS Intl Val, Cl B** | **AB VPS Intl Val, Cl B** | **AB VPS Intl Val, Cl B** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 34655 | $2.26 | to | $0.94 | $60906 | 2.26% | 0.55% | to | 1.45% | 4.23% | to | 3.29% |
| 2023 | 39261 | $2.17 | to | $0.91 | $66348 | 0.68% | 0.55% | to | 1.45% | 14.20% | to | 13.18% |
| 2022 | 43733 | $1.90 | to | $0.80 | $64852 | 4.13% | 0.55% | to | 1.45% | (14.27%) | to | (15.03%) |
| 2021 | 46915 | $2.22 | to | $0.94 | $81262 | 1.65% | 0.55% | to | 1.45% | 10.25% | to | 9.26% |
| 2020 | 52865 | $2.01 | to | $0.86 | $83459 | 1.53% | 0.55% | to | 1.45% | 1.65% | to | 0.74% |
|  **AB VPS Lg Cap Gro, Cl B** | **AB VPS Lg Cap Gro, Cl B** | **AB VPS Lg Cap Gro, Cl B** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 24856 | $6.16 | to | $5.24 | $178730 |  | 0.60% | to | 1.90% | 24.20% | to | 22.59% |
| 2023 | 25046 | $4.96 | to | $4.27 | $148095 |  | 0.60% | to | 1.90% | 33.98% | to | 32.26% |
| 2022 | 25048 | $3.70 | to | $3.23 | $111582 |  | 0.60% | to | 1.90% | (29.11%) | to | (30.03%) |
| 2021 | 24175 | $5.22 | to | $4.62 | $152637 |  | 0.60% | to | 1.90% | 27.88% | to | 26.23% |
| 2020 | 24181 | $4.08 | to | $3.66 | $119644 |  | 0.60% | to | 1.90% | 34.34% | to | 32.60% |
|  **AB VPS Relative Val, Cl B** | **AB VPS Relative Val, Cl B** | **AB VPS Relative Val, Cl B** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 17990 | $4.51 | to | $1.22 | $74116 | 1.25% | 0.55% | to | 1.55% | 12.14% | to | 11.02% |
| 2023 | 19455 | $4.02 | to | $1.10 | $71874 | 1.28% | 0.55% | to | 1.55% | 11.11% | to | 10.01% |
| 2022 | 21769 | $3.62 | to | $1.00 | $72788 | 1.10% | 0.55% | to | 1.55% | (4.94%) | to | (0.06%)<sup>(7)</sup> |
| 2021 | 23359 | $3.80 | to | $2.96 | $82840 | 0.63% | 0.55% | to | 1.45% | 27.14% | to | 26.00% |
| 2020 | 26311 | $2.99 | to | $2.35 | $73638 | 1.34% | 0.55% | to | 1.45% | 1.91% | to | 1.00% |
|  **AB VPS Sus Gbl Thematic, Cl B** | **AB VPS Sus Gbl Thematic, Cl B** | **AB VPS Sus Gbl Thematic, Cl B** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 3119 | $3.26 | to | $1.12 | $9497 |  | 0.55% | to | 1.55% | 5.38% | to | 4.32% |
| 2023 | 3352 | $3.09 | to | $1.07 | $9733 | 0.03% | 0.55% | to | 1.55% | 15.07% | to | 13.93% |
| 2022 | 3065 | $2.69 | to | $0.94 | $7697 |  | 0.55% | to | 1.55% | (27.57%) | to | (6.14%)<sup>(7)</sup> |
| 2021 | 3296 | $3.71 | to | $3.27 | $11645 |  | 0.55% | to | 1.45% | 21.90% | to | 20.81% |
| 2020 | 3590 | $3.05 | to | $2.71 | $10374 | 0.42% | 0.55% | to | 1.45% | 38.32% | to | 37.08% |
|  **Allspg VT Index Asset Alloc, Cl 2** | **Allspg VT Index Asset Alloc, Cl 2** | **Allspg VT Index Asset Alloc, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 4982 | $4.27 | to | $3.88 | $20332 | 1.30% | 0.55% | to | 1.20% | 14.25% | to | 13.49% |
| 2023 | 5574 | $3.73 | to | $3.42 | $20062 | 0.96% | 0.55% | to | 1.20% | 16.07% | to | 15.31% |
| 2022 | 5962 | $3.22 | to | $2.96 | $18562 | 0.63% | 0.55% | to | 1.20% | (17.48%) | to | (18.01%) |
| 2021 | 6570 | $3.90 | to | $3.61 | $24848 | 0.59% | 0.55% | to | 1.20% | 15.36% | to | 14.61% |
| 2020 | 7351 | $3.38 | to | $3.15 | $24171 | 0.82% | 0.55% | to | 1.20% | 15.94% | to | 15.20% |
|  **Allspg VT Opp, Cl 2** | **Allspg VT Opp, Cl 2** | **Allspg VT Opp, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 7151 | $6.38 | to | $3.22 | $39823 | 0.05% | 0.55% | to | 1.90% | 14.41% | to | 12.87% |
| 2023 | 8454 | $5.58 | to | $2.86 | $41208 |  | 0.55% | to | 1.90% | 25.81% | to | 24.13% |
| 2022 | 9954 | $4.43 | to | $2.30 | $38727 |  | 0.55% | to | 1.90% | (21.24%) | to | (22.30%) |
| 2021 | 11269 | $5.63 | to | $2.96 | $55858 | 0.04% | 0.55% | to | 1.90% | 24.09% | to | 22.43% |
| 2020 | 12694 | $4.54 | to | $2.42 | $50846 | 0.44% | 0.55% | to | 1.90% | 20.34% | to | 18.73% |
|  **Allspg VT Sm Cap Gro, Cl 2** | **Allspg VT Sm Cap Gro, Cl 2** | **Allspg VT Sm Cap Gro, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 16953 | $4.86 | to | $2.50 | $74640 |  | 0.55% | to | 1.90% | 18.05% | to | 16.46% |
| 2023 | 18920 | $4.12 | to | $2.15 | $70724 |  | 0.55% | to | 1.90% | 3.54% | to | 2.15% |
| 2022 | 19710 | $3.97 | to | $2.10 | $71369 |  | 0.55% | to | 1.90% | (34.78%) | to | (35.66%) |
| 2021 | 21888 | $6.09 | to | $3.27 | $122035 |  | 0.55% | to | 1.90% | 7.05% | to | 5.61% |
| 2020 | 23583 | $5.69 | to | $3.10 | $123475 |  | 0.55% | to | 1.90% | 56.92% | to | 54.82% |

---

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| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **131** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units<br>(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **ALPS Alerian Engy Infr, Class III** | **ALPS Alerian Engy Infr, Class III** | **ALPS Alerian Engy Infr, Class III** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 31729 | $1.84 | to | $1.57 | $55373 | 3.96% | 0.55% | to | 1.90% | 39.82% | to | 37.94% |
| 2023 | 34442 | $1.32 | to | $1.14 | $43193 | 3.05% | 0.55% | to | 1.90% | 13.28% | to | 11.77% |
| 2022 | 38045 | $1.16 | to | $1.02 | $42306 | 4.78% | 0.55% | to | 1.90% | 16.68% | to | 15.12% |
| 2021 | 31011 | $1.00 | to | $0.89 | $29707 | 2.06% | 0.55% | to | 1.90% | 37.02% | to | 35.18% |
| 2020 | 31725 | $0.73 | to | $0.66 | $22314 | 2.78% | 0.55% | to | 1.90% | (25.54%) | to | (26.54%) |
|  **BlackRock Adv SMID Cap VI, Cl III** | **BlackRock Adv SMID Cap VI, Cl III** | **BlackRock Adv SMID Cap VI, Cl III** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 1898 | $1.26 | to | $1.23 | $2374 | 1.57% | 0.65% | to | 1.55% | 10.98% | to | 9.99% |
| 2023 | 1529 | $1.14 | to | $1.12 | $1730 | 3.19% | 0.65% | to | 1.55% | 17.86% | to | 16.82% |
| 2022 | 341 | $0.97 | to | $0.96 | $329 | 5.43% | 0.65% | to | 1.55% | (4.28%)<sup>(7)</sup> | to | (4.84%)<sup>(7)</sup> |
|  **BlackRock Global Alloc, Cl III** | **BlackRock Global Alloc, Cl III** | **BlackRock Global Alloc, Cl III** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 41198 | $1.89 | to | $1.59 | $73474 | 0.79% | 0.55% | to | 1.90% | 8.33% | to | 6.86% |
| 2023 | 44971 | $1.75 | to | $1.49 | $74396 | 2.48% | 0.55% | to | 1.90% | 11.88% | to | 10.37% |
| 2022 | 48231 | $1.56 | to | $1.35 | $71677 |  | 0.55% | to | 1.90% | (16.53%) | to | (17.64%) |
| 2021 | 51484 | $1.87 | to | $1.64 | $92142 | 0.83% | 0.55% | to | 1.90% | 5.83% | to | 4.41% |
| 2020 | 49337 | $1.77 | to | $1.57 | $83868 | 1.34% | 0.55% | to | 1.90% | 20.05% | to | 18.43% |
|  **BNY Mellon Sus US Eq, Serv** | **BNY Mellon Sus US Eq, Serv** | **BNY Mellon Sus US Eq, Serv** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 2827 | $1.40 | to | $1.37 | $3941 | 0.36% | 0.65% | to | 1.55% | 23.77% | to | 22.65% |
| 2023 | 2647 | $1.13 | to | $1.12 | $2990 | 0.14% | 0.65% | to | 1.55% | 22.71% | to | 21.61% |
| 2022 | 258 | $0.92 | to | $0.92 | $239 |  | 0.65% | to | 1.55% | (7.93%)<sup>(7)</sup> | to | (8.48%)<sup>(7)</sup> |
|  **Calvert VP SRI Bal, Cl F** | **Calvert VP SRI Bal, Cl F** | **Calvert VP SRI Bal, Cl F** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 1931 | $1.30 | to | $1.26 | $2479 | 1.93% | 0.65% | to | 1.55% | 18.15% | to | 17.07% |
| 2023 | 1315 | $1.10 | to | $1.08 | $1433 | 2.01% | 0.65% | to | 1.55% | 15.67% | to | 14.64% |
| 2022 | 344 | $0.95 | to | $0.94 | $326 | 3.11% | 0.65% | to | 1.55% | (5.21%)<sup>(7)</sup> | to | (5.79%)<sup>(7)</sup> |
|  **Calvert VP SRI Bal, Cl I** | **Calvert VP SRI Bal, Cl I** | **Calvert VP SRI Bal, Cl I** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 7427 | $3.41 | to | $3.33 | $24000 | 1.71% | 0.55% | to | 1.20% | 18.95% | to | 18.18% |
| 2023 | 7788 | $2.87 | to | $2.82 | $21222 | 1.58% | 0.55% | to | 1.20% | 16.19% | to | 15.43% |
| 2022 | 8225 | $2.47 | to | $2.44 | $19357 | 1.18% | 0.55% | to | 1.20% | (15.88%) | to | (16.42%) |
| 2021 | 9172 | $2.93 | to | $2.92 | $25775 | 1.16% | 0.55% | to | 1.20% | 14.49% | to | 13.74% |
| 2020 | 9850 | $2.56 | to | $2.57 | $24246 | 1.51% | 0.55% | to | 1.20% | 14.63% | to | 13.88% |
|  **CB Var Sm Cap Gro, Cl I** | **CB Var Sm Cap Gro, Cl I** | **CB Var Sm Cap Gro, Cl I** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 3586 | $3.91 | to | $3.34 | $13111 |  | 0.55% | to | 1.45% | 3.92% | to | 2.99% |
| 2023 | 4265 | $3.77 | to | $3.24 | $15058 |  | 0.55% | to | 1.45% | 7.81% | to | 6.85% |
| 2022 | 4501 | $3.49 | to | $3.03 | $14793 |  | 0.55% | to | 1.45% | (29.24%) | to | (29.87%) |
| 2021 | 4824 | $4.94 | to | $4.33 | $22500 |  | 0.55% | to | 1.45% | 11.99% | to | 10.99% |
| 2020 | 5487 | $4.41 | to | $3.90 | $22942 |  | 0.55% | to | 1.45% | 42.48% | to | 41.20% |
|  **Col VP Bal, Cl 2** | **Col VP Bal, Cl 2** | **Col VP Bal, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 125290 | $1.20 | to | $1.16 | $148565 |  | 0.60% | to | 1.55% | 13.62% | to | 12.54% |
| 2023 | 91069 | $1.06 | to | $1.03 | $95274 |  | 0.60% | to | 1.55% | 20.38% | to | 19.24% |
| 2022 | 70090 | $0.88 | to | $0.86 | $61116 |  | 0.60% | to | 1.55% | (17.36%) | to | (18.14%) |
| 2021 | 23656 | $1.06 | to | $1.06 | $25051 |  | 0.60% | to | 1.55% | 6.03%<sup>(6)</sup> | to | 5.37%<sup>(6)</sup> |
|  **Col VP Bal, Cl 3** | **Col VP Bal, Cl 3** | **Col VP Bal, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 165422 | $3.93 | to | $2.46 | $600830 |  | 0.55% | to | 1.90% | 13.80% | to | 12.27% |
| 2023 | 177389 | $3.46 | to | $2.19 | $568979 |  | 0.55% | to | 1.90% | 20.57% | to | 18.96% |
| 2022 | 183169 | $2.87 | to | $1.84 | $489962 |  | 0.55% | to | 1.90% | (17.20%) | to | (18.31%) |
| 2021 | 198849 | $3.46 | to | $2.25 | $643716 |  | 0.55% | to | 1.90% | 14.11% | to | 12.58% |
| 2020 | 202406 | $3.03 | to | $2.00 | $577612 |  | 0.55% | to | 1.90% | 16.94% | to | 15.37% |
|  **Col VP Commodity Strategy, Cl 2** | **Col VP Commodity Strategy, Cl 2** | **Col VP Commodity Strategy, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 19868 | $0.85 | to | $0.72 | $15901 | 3.47% | 0.55% | to | 1.90% | 6.50% | to | 5.07% |
| 2023 | 21658 | $0.80 | to | $0.69 | $16350 | 20.62% | 0.55% | to | 1.90% | (7.64%) | to | (8.88%) |
| 2022 | 29909 | $0.86 | to | $0.76 | $24623 | 28.61% | 0.55% | to | 1.90% | 18.05% | to | 16.47% |
| 2021 | 15752 | $0.73 | to | $0.65 | $11016 |  | 0.55% | to | 1.90% | 31.29% | to | 29.53% |
| 2020 | 8170 | $0.56 | to | $0.50 | $4373 | 20.03% | 0.55% | to | 1.90% | (2.09%) | to | (3.40%) |

---

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| | |
|:---|:---|
| **132** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units<br>(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **Col VP Contrarian Core, Cl 2** | **Col VP Contrarian Core, Cl 2** | **Col VP Contrarian Core, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 46249 | $4.20 | to | $3.59 | $183739 |  | 0.55% | to | 1.90% | 22.42% | to | 20.77% |
| 2023 | 45709 | $3.43 | to | $2.97 | $149161 |  | 0.55% | to | 1.90% | 31.17% | to | 29.41% |
| 2022 | 45630 | $2.62 | to | $2.29 | $114015 |  | 0.55% | to | 1.90% | (19.30%) | to | (20.38%) |
| 2021 | 46001 | $3.24 | to | $2.88 | $143414 |  | 0.55% | to | 1.90% | 23.28% | to | 21.63% |
| 2020 | 46707 | $2.63 | to | $2.37 | $118781 |  | 0.55% | to | 1.90% | 21.33% | to | 19.71% |
|  **Col VP Disciplined Core, Cl 2** | **Col VP Disciplined Core, Cl 2** | **Col VP Disciplined Core, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 10915 | $4.34 | to | $3.70 | $62880 |  | 0.60% | to | 1.90% | 24.98% | to | 23.35% |
| 2023 | 11160 | $3.48 | to | $3.00 | $52064 |  | 0.60% | to | 1.90% | 23.34% | to | 21.75% |
| 2022 | 10728 | $2.82 | to | $2.47 | $40774 |  | 0.60% | to | 1.90% | (19.42%) | to | (20.46%) |
| 2021 | 10168 | $3.50 | to | $3.10 | $48058 |  | 0.60% | to | 1.90% | 31.64% | to | 29.94% |
| 2020 | 10030 | $2.66 | to | $2.39 | $36162 |  | 0.60% | to | 1.90% | 13.15% | to | 11.69% |
|  **Col VP Disciplined Core, Cl 3** | **Col VP Disciplined Core, Cl 3** | **Col VP Disciplined Core, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 77504 | $4.37 | to | $4.41 | $373861 |  | 0.55% | to | 1.45% | 25.20% | to | 24.08% |
| 2023 | 87846 | $3.49 | to | $3.55 | $339236 |  | 0.55% | to | 1.45% | 23.55% | to | 22.45% |
| 2022 | 96320 | $2.83 | to | $2.90 | $302302 |  | 0.55% | to | 1.45% | (19.27%) | to | (20.00%) |
| 2021 | 105498 | $3.50 | to | $3.63 | $411739 |  | 0.55% | to | 1.45% | 31.84% | to | 30.66% |
| 2020 | 116774 | $2.65 | to | $2.77 | $347019 |  | 0.55% | to | 1.45% | 13.36% | to | 12.34% |
|  **Col VP Divd Opp, Cl 2** | **Col VP Divd Opp, Cl 2** | **Col VP Divd Opp, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 32781 | $2.90 | to | $2.48 | $110046 |  | 0.60% | to | 1.90% | 14.43% | to | 12.94% |
| 2023 | 33217 | $2.53 | to | $2.19 | $98976 |  | 0.60% | to | 1.90% | 4.22% | to | 2.87% |
| 2022 | 33985 | $2.43 | to | $2.13 | $97769 |  | 0.60% | to | 1.90% | (1.98%) | to | (3.24%) |
| 2021 | 27966 | $2.48 | to | $2.20 | $82699 |  | 0.60% | to | 1.90% | 25.14% | to | 23.53% |
| 2020 | 26193 | $1.98 | to | $1.78 | $62077 |  | 0.60% | to | 1.90% | 0.30% | to | (1.00%) |
|  **Col VP Divd Opp, Cl 3** | **Col VP Divd Opp, Cl 3** | **Col VP Divd Opp, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 81547 | $5.35 | to | $2.80 | $362701 |  | 0.55% | to | 1.45% | 14.64% | to | 13.61% |
| 2023 | 93884 | $4.67 | to | $2.46 | $365624 |  | 0.55% | to | 1.45% | 4.38% | to | 3.45% |
| 2022 | 106455 | $4.47 | to | $2.38 | $398253 |  | 0.55% | to | 1.45% | (1.78%) | to | (2.66%) |
| 2021 | 112748 | $4.55 | to | $2.45 | $432848 |  | 0.55% | to | 1.45% | 25.33% | to | 24.20% |
| 2020 | 128498 | $3.63 | to | $1.97 | $395051 |  | 0.55% | to | 1.45% | 0.47% | to | (0.43%) |
|  **Col VP Emerg Mkts Bond, Cl 2** | **Col VP Emerg Mkts Bond, Cl 2** | **Col VP Emerg Mkts Bond, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 8977 | $1.13 | to | $0.96 | $9588 | 4.93% | 0.55% | to | 1.90% | 5.55% | to | 4.13% |
| 2023 | 9315 | $1.07 | to | $0.92 | $9458 | 5.25% | 0.55% | to | 1.90% | 9.42% | to | 7.95% |
| 2022 | 10088 | $0.97 | to | $0.85 | $9401 | 4.03% | 0.55% | to | 1.90% | (16.62%) | to | (17.73%) |
| 2021 | 11854 | $1.17 | to | $1.04 | $13330 | 3.68% | 0.55% | to | 1.90% | (2.99%) | to | (4.29%) |
| 2020 | 12122 | $1.21 | to | $1.09 | $14140 | 3.23% | 0.55% | to | 1.90% | 6.58% | to | 5.14% |
|  **Col VP Emer Mkts, Cl 2** | **Col VP Emer Mkts, Cl 2** | **Col VP Emer Mkts, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 35524 | $1.29 | to | $1.10 | $46106 | 1.03% | 0.60% | to | 1.90% | 4.82% | to | 3.46% |
| 2023 | 38481 | $1.23 | to | $1.06 | $47969 |  | 0.60% | to | 1.90% | 8.54% | to | 7.15% |
| 2022 | 40466 | $1.14 | to | $0.99 | $46712 |  | 0.60% | to | 1.90% | (33.47%) | to | (34.33%) |
| 2021 | 37968 | $1.71 | to | $1.51 | $66169 | 0.84% | 0.60% | to | 1.90% | (8.03%) | to | (9.22%) |
| 2020 | 32764 | $1.86 | to | $1.66 | $62343 | 0.43% | 0.60% | to | 1.90% | 32.37% | to | 30.66% |
|  **Col VP Emer Mkts, Cl 3** | **Col VP Emer Mkts, Cl 3** | **Col VP Emer Mkts, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 24752 | $3.22 | to | $1.74 | $62439 | 1.15% | 0.55% | to | 1.45% | 4.92% | to | 3.97% |
| 2023 | 28396 | $3.07 | to | $1.67 | $68435 |  | 0.55% | to | 1.45% | 8.71% | to | 7.74% |
| 2022 | 31922 | $2.82 | to | $1.55 | $71144 |  | 0.55% | to | 1.45% | (33.34%) | to | (33.94%) |
| 2021 | 35031 | $4.23 | to | $2.35 | $117350 | 0.99% | 0.55% | to | 1.45% | (7.84%) | to | (8.67%) |
| 2020 | 38326 | $4.59 | to | $2.57 | $139658 | 0.56% | 0.55% | to | 1.45% | 32.63% | to | 31.44% |
|  **Col VP Global Strategic Inc, Cl 2** | **Col VP Global Strategic Inc, Cl 2** | **Col VP Global Strategic Inc, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 10102 | $0.95 | to | $0.81 | $9819 | 3.06% | 0.60% | to | 1.90% | 2.69% | to | 1.35% |
| 2023 | 9372 | $0.93 | to | $0.80 | $8915 | 3.11% | 0.60% | to | 1.90% | 8.82% | to | 7.41% |
| 2022 | 9863 | $0.85 | to | $0.74 | $8660 | 3.18% | 0.60% | to | 1.90% | (14.14%) | to | (15.25%) |
| 2021 | 9729 | $0.99 | to | $0.88 | $9991 | 3.67% | 0.60% | to | 1.90% | 0.43% | to | (0.87%) |
| 2020 | 9357 | $0.99 | to | $0.88 | $9602 | 5.12% | 0.60% | to | 1.90% | 3.96% | to | 2.62% |

---

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **133** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units<br>(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **Col VP Global Strategic Inc, Cl 3** | **Col VP Global Strategic Inc, Cl 3** | **Col VP Global Strategic Inc, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 25477 | $1.86 | to | $1.14 | $40324 | 3.34% | 0.55% | to | 1.45% | 2.68% | to | 1.75% |
| 2023 | 28567 | $1.82 | to | $1.12 | $44431 | 3.26% | 0.55% | to | 1.45% | 9.21% | to | 8.23% |
| 2022 | 31815 | $1.66 | to | $1.03 | $45420 | 3.43% | 0.55% | to | 1.45% | (14.08%) | to | (14.85%) |
| 2021 | 35882 | $1.93 | to | $1.21 | $59979 | 3.92% | 0.55% | to | 1.45% | 0.59% | to | (0.32%) |
| 2020 | 38477 | $1.92 | to | $1.22 | $64308 | 5.22% | 0.55% | to | 1.45% | 4.11% | to | 3.17% |
|  **Col VP Govt Money Mkt, Cl 2** | **Col VP Govt Money Mkt, Cl 2** | **Col VP Govt Money Mkt, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 153002 | $1.06 | to | $0.90 | $150363 | 4.60% | 0.60% | to | 1.90% | 4.10% | to | 2.75% |
| 2023 | 157215 | $1.02 | to | $0.87 | $148910 | 4.38% | 0.60% | to | 1.90% | 3.84% | to | 2.50% |
| 2022 | 160765 | $0.98 | to | $0.85 | $146821 | 1.24% | 0.60% | to | 1.90% | 0.50% | to | (0.79%) |
| 2021 | 102600 | $0.98 | to | $0.86 | $93666 | 0.01% | 0.60% | to | 1.90% | (0.59%) | to | (1.87%) |
| 2020 | 100549 | $0.98 | to | $0.88 | $92735 | 0.13% | 0.60% | to | 1.90% | (0.36%) | to | (1.66%) |
|  **Col VP Govt Money Mkt, Cl 3** | **Col VP Govt Money Mkt, Cl 3** | **Col VP Govt Money Mkt, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 128739 | $1.32 | to | $0.97 | $149438 | 4.72% | 0.55% | to | 1.45% | 4.29% | to | 3.35% |
| 2023 | 112497 | $1.26 | to | $0.94 | $126338 | 4.50% | 0.55% | to | 1.45% | 4.02% | to | 3.09% |
| 2022 | 125779 | $1.21 | to | $0.91 | $135605 | 1.22% | 0.55% | to | 1.45% | 0.61% | to | (0.29%) |
| 2021 | 101435 | $1.21 | to | $0.91 | $110390 | 0.01% | 0.55% | to | 1.45% | (0.53%) | to | (1.41%) |
| 2020 | 123715 | $1.21 | to | $0.93 | $135583 | 0.18% | 0.55% | to | 1.45% | (0.27%) | to | (1.16%) |
|  **Col VP Hi Yield Bond, Cl 2** | **Col VP Hi Yield Bond, Cl 2** | **Col VP Hi Yield Bond, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 27143 | $1.74 | to | $1.47 | $51990 | 5.66% | 0.60% | to | 1.90% | 6.24% | to | 4.85% |
| 2023 | 26480 | $1.64 | to | $1.41 | $48187 | 5.28% | 0.60% | to | 1.90% | 11.20% | to | 9.77% |
| 2022 | 27215 | $1.47 | to | $1.28 | $44830 | 5.01% | 0.60% | to | 1.90% | (11.31%) | to | (12.45%) |
| 2021 | 28938 | $1.66 | to | $1.46 | $54019 | 4.95% | 0.60% | to | 1.90% | 4.17% | to | 2.82% |
| 2020 | 27679 | $1.59 | to | $1.42 | $49734 | 5.59% | 0.60% | to | 1.90% | 5.67% | to | 4.31% |
|  **Col VP Hi Yield Bond, Cl 3** | **Col VP Hi Yield Bond, Cl 3** | **Col VP Hi Yield Bond, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 33899 | $3.57 | to | $2.34 | $107337 | 5.70% | 0.55% | to | 1.45% | 6.36% | to | 5.40% |
| 2023 | 38417 | $3.36 | to | $2.22 | $115280 | 5.38% | 0.55% | to | 1.45% | 11.47% | to | 10.47% |
| 2022 | 43790 | $3.01 | to | $2.01 | $118266 | 5.08% | 0.55% | to | 1.45% | (11.19%) | to | (11.99%) |
| 2021 | 50238 | $3.39 | to | $2.28 | $153394 | 4.93% | 0.55% | to | 1.45% | 4.29% | to | 3.35% |
| 2020 | 55713 | $3.25 | to | $2.21 | $163849 | 5.64% | 0.55% | to | 1.45% | 5.96% | to | 5.01% |
|  **Col VP Inc Opp, Cl 2** | **Col VP Inc Opp, Cl 2** | **Col VP Inc Opp, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 15313 | $1.68 | to | $1.42 | $28100 | 5.36% | 0.60% | to | 1.90% | 5.08% | to | 3.71% |
| 2023 | 15262 | $1.60 | to | $1.37 | $26797 | 4.92% | 0.60% | to | 1.90% | 10.70% | to | 9.27% |
| 2022 | 15640 | $1.44 | to | $1.25 | $24877 | 5.14% | 0.60% | to | 1.90% | (10.75%) | to | (11.89%) |
| 2021 | 15562 | $1.61 | to | $1.42 | $27881 | 8.91% | 0.60% | to | 1.90% | 3.52% | to | 2.18% |
| 2020 | 15674 | $1.56 | to | $1.39 | $27225 | 4.58% | 0.60% | to | 1.90% | 5.04% | to | 3.68% |
|  **Col VP Inc Opp, Cl 3** | **Col VP Inc Opp, Cl 3** | **Col VP Inc Opp, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 25911 | $2.83 | to | $2.24 | $67081 | 5.36% | 0.55% | to | 1.45% | 5.31% | to | 4.36% |
| 2023 | 29011 | $2.69 | to | $2.14 | $71590 | 5.03% | 0.55% | to | 1.45% | 10.90% | to | 9.91% |
| 2022 | 32732 | $2.43 | to | $1.95 | $73104 | 5.16% | 0.55% | to | 1.45% | (10.70%) | to | (11.50%) |
| 2021 | 37714 | $2.72 | to | $2.20 | $94708 | 8.85% | 0.55% | to | 1.45% | 3.90% | to | 2.97% |
| 2020 | 42052 | $2.61 | to | $2.14 | $101999 | 4.60% | 0.55% | to | 1.45% | 5.16% | to | 4.21% |
|  **Col VP Inter Bond, Cl 2** | **Col VP Inter Bond, Cl 2** | **Col VP Inter Bond, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 69888 | $1.18 | to | $1.00 | $84550 | 4.55% | 0.60% | to | 1.90% | 1.12% | to | (0.19%) |
| 2023 | 60739 | $1.17 | to | $1.00 | $72989 | 2.14% | 0.60% | to | 1.90% | 5.46% | to | 4.09% |
| 2022 | 48671 | $1.11 | to | $0.97 | $55788 | 2.91% | 0.60% | to | 1.90% | (17.71%) | to | (18.78%) |
| 2021 | 50375 | $1.35 | to | $1.19 | $70444 | 3.08% | 0.60% | to | 1.90% | (1.18%) | to | (2.45%) |
| 2020 | 47138 | $1.36 | to | $1.22 | $66938 | 2.67% | 0.60% | to | 1.90% | 11.60% | to | 10.16% |
|  **Col VP Inter Bond, Cl 3** | **Col VP Inter Bond, Cl 3** | **Col VP Inter Bond, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 110218 | $2.12 | to | $1.39 | $201848 | 4.63% | 0.55% | to | 1.45% | 1.28% | to | 0.37% |
| 2023 | 119388 | $2.09 | to | $1.38 | $216758 | 2.22% | 0.55% | to | 1.45% | 5.61% | to | 4.67% |
| 2022 | 126393 | $1.98 | to | $1.32 | $218263 | 3.03% | 0.55% | to | 1.45% | (17.62%) | to | (18.36%) |
| 2021 | 145682 | $2.41 | to | $1.62 | $306148 | 3.17% | 0.55% | to | 1.45% | (0.90%) | to | (1.79%) |
| 2020 | 160950 | $2.43 | to | $1.65 | $342523 | 2.75% | 0.55% | to | 1.45% | 11.83% | to | 10.83% |

---

---

| | |
|:---|:---|
| **134** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units<br>(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **Col VP Lg Cap Gro, Cl 2** | **Col VP Lg Cap Gro, Cl 2** | **Col VP Lg Cap Gro, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 21980 | $5.67 | to | $4.81 | $152642 |  | 0.60% | to | 1.90% | 30.22% | to | 28.53% |
| 2023 | 21127 | $4.36 | to | $3.74 | $115306 |  | 0.60% | to | 1.90% | 41.92% | to | 40.09% |
| 2022 | 19630 | $3.07 | to | $2.67 | $76441 |  | 0.60% | to | 1.90% | (31.94%) | to | (32.82%) |
| 2021 | 19443 | $4.51 | to | $3.97 | $111805 |  | 0.60% | to | 1.90% | 27.58% | to | 25.94% |
| 2020 | 17772 | $3.53 | to | $3.15 | $80335 |  | 0.60% | to | 1.90% | 33.61% | to | 31.88% |
|  **Col VP Lg Cap Gro, Cl 3** | **Col VP Lg Cap Gro, Cl 3** | **Col VP Lg Cap Gro, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 34111 | $4.32 | to | $5.67 | $152156 |  | 0.55% | to | 1.45% | 30.47% | to | 29.29% |
| 2023 | 38438 | $3.31 | to | $4.38 | $131653 |  | 0.55% | to | 1.45% | 42.17% | to | 40.90% |
| 2022 | 42115 | $2.33 | to | $3.11 | $101467 |  | 0.55% | to | 1.45% | (31.82%) | to | (32.43%) |
| 2021 | 47378 | $3.42 | to | $4.60 | $168058 |  | 0.55% | to | 1.45% | 27.83% | to | 26.69% |
| 2020 | 55016 | $2.67 | to | $3.63 | $152397 |  | 0.55% | to | 1.45% | 33.83% | to | 32.63% |
|  **Col VP Lg Cap Index, Cl 2** | **Col VP Lg Cap Index, Cl 2** | **Col VP Lg Cap Index, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 124306 | $1.43 | to | $1.38 | $174897 |  | 0.60% | to | 1.55% | 23.65% | to | 22.48% |
| 2023 | 88753 | $1.16 | to | $1.13 | $101415 |  | 0.60% | to | 1.55% | 24.90% | to | 23.73% |
| 2022 | 54509 | $0.93 | to | $0.91 | $50101 |  | 0.60% | to | 1.55% | (19.03%) | to | (19.79%) |
| 2021 | 23421 | $1.14 | to | $1.14 | $26667 |  | 0.60% | to | 1.55% | 13.93%<sup>(6)</sup> | to | 13.22%<sup>(6)</sup> |
|  **Col VP Lg Cap Index, Cl 3** | **Col VP Lg Cap Index, Cl 3** | **Col VP Lg Cap Index, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 119957 | $5.02 | to | $3.98 | $588804 |  | 0.55% | to | 1.90% | 23.85% | to | 22.18% |
| 2023 | 132545 | $4.05 | to | $3.26 | $528874 |  | 0.55% | to | 1.90% | 25.13% | to | 23.46% |
| 2022 | 141826 | $3.24 | to | $2.64 | $454456 |  | 0.55% | to | 1.90% | (18.89%) | to | (19.98%) |
| 2021 | 149903 | $3.99 | to | $3.30 | $595823 |  | 0.55% | to | 1.90% | 27.52% | to | 25.81% |
| 2020 | 152958 | $3.13 | to | $2.62 | $479900 |  | 0.55% | to | 1.90% | 17.25% | to | 15.68% |
|  **Col VP Limited Duration Cr, Cl 2** | **Col VP Limited Duration Cr, Cl 2** | **Col VP Limited Duration Cr, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 70718 | $1.10 | to | $1.01 | $82194 | 3.63% | 0.55% | to | 1.90% | 4.06% | to | 2.65% |
| 2023 | 66869 | $1.06 | to | $0.99 | $74958 | 3.05% | 0.55% | to | 1.90% | 6.08% | to | 4.66% |
| 2022 | 70475 | $1.00 | to | $0.94 | $74819 | 0.52% | 0.55% | to | 1.90% | (6.87%) | to | (8.12%) |
| 2021 | 59735 | $1.07 | to | $1.03 | $68215 | 1.39% | 0.55% | to | 1.90% | (1.38%) | to | (2.71%) |
| 2020 | 54109 | $1.09 | to | $1.06 | $62924 | 2.54% | 0.55% | to | 1.90% | 4.99% | to | 3.58% |
|  **Col VP Long Govt/Cr Bond, Cl 2** | **Col VP Long Govt/Cr Bond, Cl 2** | **Col VP Long Govt/Cr Bond, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 15316 | $1.01 | to | $0.87 | $14776 | 3.43% | 0.55% | to | 1.90% | (4.92%) | to | (6.21%) |
| 2023 | 14703 | $1.07 | to | $0.92 | $15002 | 3.29% | 0.55% | to | 1.90% | 6.10% | to | 4.67% |
| 2022 | 10846 | $1.01 | to | $0.88 | $10487 | 2.36% | 0.55% | to | 1.90% | (28.09%) | to | (29.06%) |
| 2021 | 12912 | $1.40 | to | $1.24 | $17456 | 1.65% | 0.55% | to | 1.90% | (4.00%) | to | (5.28%) |
| 2020 | 19114 | $1.46 | to | $1.31 | $27008 | 2.51% | 0.55% | to | 1.90% | 16.43% | to | 14.87% |
|  **Col VP Overseas Core, Cl 2** | **Col VP Overseas Core, Cl 2** | **Col VP Overseas Core, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 19658 | $1.71 | to | $1.48 | $36134 | 4.13% | 0.60% | to | 1.90% | 2.62% | to | 1.28% |
| 2023 | 20026 | $1.66 | to | $1.47 | $36445 | 1.66% | 0.60% | to | 1.90% | 14.64% | to | 13.16% |
| 2022 | 19479 | $1.45 | to | $1.29 | $31077 | 0.76% | 0.60% | to | 1.90% | (15.41%) | to | (16.50%) |
| 2021 | 19064 | $1.71 | to | $1.55 | $36106 | 1.09% | 0.60% | to | 1.90% | 9.09% | to | 7.68% |
| 2020 | 14948 | $1.57 | to | $1.44 | $26029 | 1.43% | 0.60% | to | 1.90% | 8.19% | to | 6.78% |
|  **Col VP Overseas Core, Cl 3** | **Col VP Overseas Core, Cl 3** | **Col VP Overseas Core, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 24605 | $1.85 | to | $1.62 | $47222 | 4.30% | 0.55% | to | 1.45% | 2.77% | to | 1.85% |
| 2023 | 27311 | $1.80 | to | $1.59 | $51120 | 1.83% | 0.55% | to | 1.45% | 14.84% | to | 13.81% |
| 2022 | 30269 | $1.57 | to | $1.40 | $49413 | 0.80% | 0.55% | to | 1.45% | (15.27%) | to | (16.03%) |
| 2021 | 32569 | $1.85 | to | $1.66 | $63000 | 1.18% | 0.55% | to | 1.45% | 9.28% | to | 8.30% |
| 2020 | 36058 | $1.69 | to | $1.54 | $64166 | 1.56% | 0.55% | to | 1.45% | 8.33% | to | 7.36% |
|  **Col VP Select Lg Cap Eq, Cl 2** | **Col VP Select Lg Cap Eq, Cl 2** | **Col VP Select Lg Cap Eq, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 3262 | $1.44 | to | $1.41 | $4653 |  | 0.65% | to | 1.55% | 23.02% | to | 21.91% |
| 2023 | 2393 | $1.17 | to | $1.16 | $2785 |  | 0.65% | to | 1.55% | 26.94% | to | 25.81% |
| 2022 | 544 | $0.92 | to | $0.92 | $501 |  | 0.65% | to | 1.55% | (8.22%)<sup>(7)</sup> | to | (8.76%)<sup>(7)</sup> |

---

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **135** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units<br>(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **Col VP Select Lg Cap Val, Cl 2** | **Col VP Select Lg Cap Val, Cl 2** | **Col VP Select Lg Cap Val, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 16649 | $3.42 | to | $2.94 | $70423 |  | 0.60% | to | 1.90% | 11.90% | to | 10.45% |
| 2023 | 17249 | $3.05 | to | $2.67 | $66072 |  | 0.60% | to | 1.90% | 4.48% | to | 3.14% |
| 2022 | 17438 | $2.92 | to | $2.58 | $64723 |  | 0.60% | to | 1.90% | (2.65%) | to | (3.90%) |
| 2021 | 13936 | $3.00 | to | $2.69 | $53745 |  | 0.60% | to | 1.90% | 25.23% | to | 23.61% |
| 2020 | 9450 | $2.40 | to | $2.18 | $29243 |  | 0.60% | to | 1.90% | 6.17% | to | 4.80% |
|  **Col VP Select Lg Cap Val, Cl 3** | **Col VP Select Lg Cap Val, Cl 3** | **Col VP Select Lg Cap Val, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 9378 | $4.80 | to | $3.50 | $39763 |  | 0.55% | to | 1.45% | 12.13% | to | 11.12% |
| 2023 | 11454 | $4.28 | to | $3.15 | $43542 |  | 0.55% | to | 1.45% | 4.65% | to | 3.72% |
| 2022 | 13975 | $4.09 | to | $3.04 | $50932 |  | 0.55% | to | 1.45% | (2.49%) | to | (3.36%) |
| 2021 | 12549 | $4.20 | to | $3.15 | $47197 |  | 0.55% | to | 1.45% | 25.46% | to | 24.33% |
| 2020 | 10598 | $3.34 | to | $2.53 | $31993 |  | 0.55% | to | 1.45% | 6.37% | to | 5.41% |
|  **Col VP Select Mid Cap Gro, Cl 2** | **Col VP Select Mid Cap Gro, Cl 2** | **Col VP Select Mid Cap Gro, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 10803 | $3.53 | to | $3.00 | $43319 |  | 0.60% | to | 1.90% | 22.62% | to | 21.03% |
| 2023 | 10620 | $2.88 | to | $2.48 | $35129 |  | 0.60% | to | 1.90% | 24.18% | to | 22.58% |
| 2022 | 10060 | $2.32 | to | $2.02 | $27061 |  | 0.60% | to | 1.90% | (31.42%) | to | (32.31%) |
| 2021 | 9970 | $3.38 | to | $2.99 | $39277 |  | 0.60% | to | 1.90% | 15.57% | to | 14.08% |
| 2020 | 9288 | $2.92 | to | $2.62 | $31803 |  | 0.60% | to | 1.90% | 34.27% | to | 32.54% |
|  **Col VP Select Mid Cap Gro, Cl 3** | **Col VP Select Mid Cap Gro, Cl 3** | **Col VP Select Mid Cap Gro, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 16253 | $5.56 | to | $3.97 | $72846 |  | 0.55% | to | 1.45% | 22.85% | to | 21.74% |
| 2023 | 18490 | $4.53 | to | $3.26 | $67844 |  | 0.55% | to | 1.45% | 24.40% | to | 23.29% |
| 2022 | 19888 | $3.64 | to | $2.64 | $58878 |  | 0.55% | to | 1.45% | (31.30%) | to | (31.91%) |
| 2021 | 22032 | $5.30 | to | $3.88 | $95791 |  | 0.55% | to | 1.45% | 15.77% | to | 14.73% |
| 2020 | 24410 | $4.57 | to | $3.38 | $92335 |  | 0.55% | to | 1.45% | 34.49% | to | 33.29% |
|  **Col VP Select Mid Cap Val, Cl 2** | **Col VP Select Mid Cap Val, Cl 2** | **Col VP Select Mid Cap Val, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 11099 | $3.27 | to | $2.79 | $43249 |  | 0.60% | to | 1.90% | 11.59% | to | 10.14% |
| 2023 | 11612 | $2.93 | to | $2.54 | $40998 |  | 0.60% | to | 1.90% | 9.39% | to | 7.98% |
| 2022 | 12350 | $2.68 | to | $2.35 | $40200 |  | 0.60% | to | 1.90% | (10.20%) | to | (11.36%) |
| 2021 | 11773 | $2.99 | to | $2.65 | $42971 |  | 0.60% | to | 1.90% | 31.18% | to | 29.49% |
| 2020 | 10747 | $2.28 | to | $2.05 | $29999 |  | 0.60% | to | 1.90% | 6.61% | to | 5.23% |
|  **Col VP Select Mid Cap Val, Cl 3** | **Col VP Select Mid Cap Val, Cl 3** | **Col VP Select Mid Cap Val, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 9549 | $4.84 | to | $3.27 | $39071 |  | 0.55% | to | 1.45% | 11.79% | to | 10.78% |
| 2023 | 10964 | $4.33 | to | $2.95 | $40179 |  | 0.55% | to | 1.45% | 9.58% | to | 8.60% |
| 2022 | 12744 | $3.95 | to | $2.72 | $42797 |  | 0.55% | to | 1.45% | (10.06%) | to | (10.86%) |
| 2021 | 13270 | $4.39 | to | $3.05 | $49753 |  | 0.55% | to | 1.45% | 31.41% | to | 30.23% |
| 2020 | 15060 | $3.34 | to | $2.34 | $43098 |  | 0.55% | to | 1.45% | 6.82% | to | 5.86% |
|  **Col VP Select Sm Cap Val, Cl 2** | **Col VP Select Sm Cap Val, Cl 2** | **Col VP Select Sm Cap Val, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 7696 | $2.88 | to | $2.48 | $27184 |  | 0.60% | to | 1.90% | 12.98% | to | 11.51% |
| 2023 | 7937 | $2.55 | to | $2.22 | $25205 |  | 0.60% | to | 1.90% | 12.17% | to | 10.73% |
| 2022 | 7906 | $2.27 | to | $2.01 | $22558 |  | 0.60% | to | 1.90% | (15.43%) | to | (16.53%) |
| 2021 | 6959 | $2.68 | to | $2.40 | $23615 |  | 0.60% | to | 1.90% | 29.84% | to | 28.16% |
| 2020 | 5865 | $2.07 | to | $1.88 | $15402 |  | 0.60% | to | 1.90% | 8.27% | to | 6.87% |
|  **Col VP Select Sm Cap Val, Cl 3** | **Col VP Select Sm Cap Val, Cl 3** | **Col VP Select Sm Cap Val, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 6036 | $5.67 | to | $2.95 | $28661 |  | 0.55% | to | 1.45% | 13.18% | to | 12.16% |
| 2023 | 6967 | $5.01 | to | $2.63 | $29240 |  | 0.55% | to | 1.45% | 12.36% | to | 11.35% |
| 2022 | 7805 | $4.45 | to | $2.36 | $29169 |  | 0.55% | to | 1.45% | (15.29%) | to | (16.04%) |
| 2021 | 8094 | $5.26 | to | $2.82 | $36039 |  | 0.55% | to | 1.45% | 30.08% | to | 28.92% |
| 2020 | 8684 | $4.04 | to | $2.18 | $30099 |  | 0.55% | to | 1.45% | 8.46% | to | 7.48% |
|  **Col VP Sel Gbl Tech, Cl 2** | **Col VP Sel Gbl Tech, Cl 2** | **Col VP Sel Gbl Tech, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 12575 | $1.55 | to | $1.52 | $19314 |  | 0.65% | to | 1.55% | 25.76% | to | 24.62% |
| 2023 | 6245 | $1.23 | to | $1.22 | $7657 |  | 0.65% | to | 1.55% | 43.93% | to | 42.65% |
| 2022 | 1146 | $0.86 | to | $0.85 | $980 |  | 0.65% | to | 1.55% | (15.93%)<sup>(7)</sup> | to | (16.44%)<sup>(7)</sup> |

---

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| | |
|:---|:---|
| **136** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

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------

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units<br>(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **Col VP Sm Cap Val, Cl 2** | **Col VP Sm Cap Val, Cl 2** | **Col VP Sm Cap Val, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 1931 | $1.29 | to | $1.26 | $2467 | 0.58% | 0.65% | to | 1.55% | 7.97% | to | 6.99% |
| 2023 | 1342 | $1.20 | to | $1.18 | $1595 | 0.49% | 0.65% | to | 1.55% | 20.87% | to | 19.80% |
| 2022 | 409 | $0.99 | to | $0.98 | $404 | 0.18% | 0.65% | to | 1.55% | (1.99%)<sup>(7)</sup> | to | (2.56%)<sup>(7)</sup> |
|  **Col VP Strategic Inc, Cl 2** | **Col VP Strategic Inc, Cl 2** | **Col VP Strategic Inc, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 63542 | $1.40 | to | $1.19 | $82044 | 4.33% | 0.60% | to | 1.90% | 3.88% | to | 2.53% |
| 2023 | 62276 | $1.35 | to | $1.16 | $77774 | 3.47% | 0.60% | to | 1.90% | 8.56% | to | 7.15% |
| 2022 | 60974 | $1.25 | to | $1.09 | $70436 | 2.71% | 0.60% | to | 1.90% | (12.05%) | to | (13.19%) |
| 2021 | 60277 | $1.42 | to | $1.25 | $79642 | 5.31% | 0.60% | to | 1.90% | 1.03% | to | (0.28%) |
| 2020 | 54322 | $1.40 | to | $1.25 | $71367 | 3.34% | 0.60% | to | 1.90% | 5.99% | to | 4.62% |
|  **Col VP US Govt Mtge, Cl 2** | **Col VP US Govt Mtge, Cl 2** | **Col VP US Govt Mtge, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 12085 | $1.06 | to | $0.90 | $12123 | 2.85% | 0.60% | to | 1.90% | 0.72% | to | (0.59%) |
| 2023 | 14811 | $1.05 | to | $0.90 | $14761 | 2.54% | 0.60% | to | 1.90% | 4.80% | to | 3.45% |
| 2022 | 16021 | $1.01 | to | $0.87 | $15283 | 1.79% | 0.60% | to | 1.90% | (14.83%) | to | (15.93%) |
| 2021 | 15497 | $1.18 | to | $1.04 | $17497 | 1.80% | 0.60% | to | 1.90% | (1.78%) | to | (3.05%) |
| 2020 | 14174 | $1.20 | to | $1.07 | $16346 | 2.42% | 0.60% | to | 1.90% | 4.23% | to | 2.87% |
|  **Col VP US Govt Mtge, Cl 3** | **Col VP US Govt Mtge, Cl 3** | **Col VP US Govt Mtge, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 24788 | $1.53 | to | $1.04 | $32864 | 3.17% | 0.55% | to | 1.45% | 0.88% | to | (0.02%) |
| 2023 | 28406 | $1.51 | to | $1.04 | $37449 | 2.67% | 0.55% | to | 1.45% | 4.97% | to | 4.04% |
| 2022 | 31984 | $1.44 | to | $1.00 | $40242 | 1.98% | 0.55% | to | 1.45% | (14.73%) | to | (15.50%) |
| 2021 | 37439 | $1.69 | to | $1.19 | $55348 | 1.89% | 0.55% | to | 1.45% | (1.61%) | to | (2.49%) |
| 2020 | 41015 | $1.72 | to | $1.22 | $61786 | 2.50% | 0.55% | to | 1.45% | 4.38% | to | 3.44% |
|  **CS Commodity Return, Cl 1** | **CS Commodity Return, Cl 1** | **CS Commodity Return, Cl 1** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 16536 | $0.68 | to | $0.60 | $10638 | 2.97% | 0.55% | to | 1.45% | 4.25% | to | 3.31% |
| 2023 | 18490 | $0.65 | to | $0.58 | $11445 | 21.54% | 0.55% | to | 1.45% | (9.61%) | to | (10.42%) |
| 2022 | 21993 | $0.72 | to | $0.65 | $15137 | 15.31% | 0.55% | to | 1.45% | 15.40% | to | 14.37% |
| 2021 | 21050 | $0.62 | to | $0.57 | $12605 | 4.76% | 0.55% | to | 1.45% | 27.20% | to | 26.06% |
| 2020 | 21423 | $0.49 | to | $0.45 | $10128 | 5.96% | 0.55% | to | 1.45% | (2.02%) | to | (2.90%) |
|  **CTIVP AC Div Bond, Cl 2** | **CTIVP AC Div Bond, Cl 2** | **CTIVP AC Div Bond, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 22239 | $1.13 | to | $0.96 | $25373 | 4.01% | 0.60% | to | 1.90% | 0.93% | to | (0.39%) |
| 2023 | 18390 | $1.12 | to | $0.96 | $20880 | 3.12% | 0.60% | to | 1.90% | 4.70% | to | 3.35% |
| 2022 | 15338 | $1.07 | to | $0.93 | $16738 | 2.93% | 0.60% | to | 1.90% | (16.02%) | to | (17.10%) |
| 2021 | 14286 | $1.28 | to | $1.12 | $18609 | 2.04% | 0.60% | to | 1.90% | (0.31%) | to | (1.59%) |
| 2020 | 15575 | $1.28 | to | $1.14 | $20436 | 1.74% | 0.60% | to | 1.90% | 7.60% | to | 6.20% |
|  **CTIVP BR Gl Infl Prot Sec, Cl 2** | **CTIVP BR Gl Infl Prot Sec, Cl 2** | **CTIVP BR Gl Infl Prot Sec, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 15275 | $1.12 | to | $0.95 | $17742 | 1.75% | 0.60% | to | 1.90% | (1.80%) | to | (3.07%) |
| 2023 | 17710 | $1.14 | to | $0.98 | $21070 | 8.95% | 0.60% | to | 1.90% | 3.27% | to | 1.94% |
| 2022 | 20991 | $1.11 | to | $0.96 | $24291 | 4.59% | 0.60% | to | 1.90% | (18.17%) | to | (19.24%) |
| 2021 | 19577 | $1.35 | to | $1.19 | $27836 | 0.57% | 0.60% | to | 1.90% | 3.80% | to | 2.46% |
| 2020 | 13758 | $1.30 | to | $1.16 | $18927 | 0.45% | 0.60% | to | 1.90% | 8.31% | to | 6.92% |
|  **CTIVP BR Gl Infl Prot Sec, Cl 3** | **CTIVP BR Gl Infl Prot Sec, Cl 3** | **CTIVP BR Gl Infl Prot Sec, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 27066 | $1.56 | to | $1.29 | $39226 | 1.86% | 0.55% | to | 1.45% | (1.60%) | to | (2.49%) |
| 2023 | 30734 | $1.58 | to | $1.32 | $45399 | 8.82% | 0.55% | to | 1.45% | 3.39% | to | 2.46% |
| 2022 | 36009 | $1.53 | to | $1.29 | $51673 | 4.45% | 0.55% | to | 1.45% | (18.04%) | to | (18.77%) |
| 2021 | 39791 | $1.87 | to | $1.59 | $69964 | 0.69% | 0.55% | to | 1.45% | 3.91% | to | 2.97% |
| 2020 | 39638 | $1.80 | to | $1.55 | $67369 | 0.56% | 0.55% | to | 1.45% | 8.52% | to | 7.54% |
|  **CTIVP CenterSquare Real Est, Cl 2** | **CTIVP CenterSquare Real Est, Cl 2** | **CTIVP CenterSquare Real Est, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 9907 | $2.03 | to | $1.75 | $22873 | 2.34% | 0.60% | to | 1.90% | 9.20% | to | 7.78% |
| 2023 | 10611 | $1.86 | to | $1.62 | $22631 | 1.78% | 0.60% | to | 1.90% | 12.88% | to | 11.43% |
| 2022 | 11996 | $1.65 | to | $1.45 | $22847 | 1.34% | 0.60% | to | 1.90% | (24.78%) | to | (25.76%) |
| 2021 | 11723 | $2.19 | to | $1.96 | $29846 | 1.10% | 0.60% | to | 1.90% | 40.36% | to | 38.55% |
| 2020 | 12537 | $1.56 | to | $1.41 | $22818 | 4.18% | 0.60% | to | 1.90% | (5.75%) | to | (6.97%) |

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| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **137** |

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units<br>(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **CTIVP MFS Val, Cl 2** | **CTIVP MFS Val, Cl 2** | **CTIVP MFS Val, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 22384 | $3.18 | to | $2.73 | $84490 |  | 0.60% | to | 1.90% | 10.77% | to | 9.33% |
| 2023 | 21939 | $2.87 | to | $2.50 | $75303 |  | 0.60% | to | 1.90% | 7.13% | to | 5.75% |
| 2022 | 22716 | $2.68 | to | $2.36 | $73528 |  | 0.60% | to | 1.90% | (6.91%) | to | (8.11%) |
| 2021 | 21551 | $2.88 | to | $2.57 | $75491 |  | 0.60% | to | 1.90% | 24.36% | to | 22.76% |
| 2020 | 21073 | $2.32 | to | $2.09 | $59610 |  | 0.60% | to | 1.90% | 2.72% | to | 1.39% |
|  **CTIVP Prin Blue Chip Gro, Cl 1** | **CTIVP Prin Blue Chip Gro, Cl 1** | **CTIVP Prin Blue Chip Gro, Cl 1** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 35334 | $3.31 | to | $3.06 | $113673 |  | 0.55% | to | 1.45% | 20.75% | to | 19.66% |
| 2023 | 41831 | $2.74 | to | $2.56 | $111833 |  | 0.55% | to | 1.45% | 38.77% | to | 37.54% |
| 2022 | 47724 | $1.98 | to | $1.86 | $92282 |  | 0.55% | to | 1.45% | (28.40%) | to | (29.04%) |
| 2021 | 53190 | $2.76 | to | $2.62 | $144175 |  | 0.55% | to | 1.45% | 17.92% | to | 16.87% |
| 2020 | 62336 | $2.34 | to | $2.24 | $143801 |  | 0.55% | to | 1.45% | 31.21% | to | 30.04% |
|  **CTIVP Prin Blue Chip Gro, Cl 2** | **CTIVP Prin Blue Chip Gro, Cl 2** | **CTIVP Prin Blue Chip Gro, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 10234 | $4.93 | to | $4.18 | $63767 |  | 0.60% | to | 1.90% | 20.39% | to | 18.83% |
| 2023 | 10303 | $4.09 | to | $3.52 | $53451 |  | 0.60% | to | 1.90% | 38.38% | to | 36.59% |
| 2022 | 10321 | $2.96 | to | $2.58 | $39157 |  | 0.60% | to | 1.90% | (28.62%) | to | (29.54%) |
| 2021 | 9638 | $4.15 | to | $3.66 | $51911 |  | 0.60% | to | 1.90% | 17.57% | to | 16.05% |
| 2020 | 9749 | $3.53 | to | $3.15 | $44895 |  | 0.60% | to | 1.90% | 30.82% | to | 29.13% |
|  **CTIVP T Rowe Price LgCap Val, Cl 2** | **CTIVP T Rowe Price LgCap Val, Cl 2** | **CTIVP T Rowe Price LgCap Val, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 13384 | $2.77 | to | $2.38 | $44813 |  | 0.60% | to | 1.90% | 11.01% | to | 9.56% |
| 2023 | 13904 | $2.49 | to | $2.17 | $42260 |  | 0.60% | to | 1.90% | 8.63% | to | 7.23% |
| 2022 | 14600 | $2.29 | to | $2.03 | $41199 |  | 0.60% | to | 1.90% | (5.73%) | to | (6.95%) |
| 2021 | 12161 | $2.43 | to | $2.18 | $36641 |  | 0.60% | to | 1.90% | 24.23% | to | 22.63% |
| 2020 | 10703 | $1.96 | to | $1.78 | $26085 |  | 0.60% | to | 1.90% | 1.81% | to | 0.50% |
|  **CTIVP TCW Core Plus Bond, Cl 2** | **CTIVP TCW Core Plus Bond, Cl 2** | **CTIVP TCW Core Plus Bond, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 22049 | $1.07 | to | $0.91 | $23280 | 3.85% | 0.60% | to | 1.90% | (0.10%) | to | (1.39%) |
| 2023 | 18366 | $1.07 | to | $0.92 | $19442 | 2.31% | 0.60% | to | 1.90% | 4.91% | to | 3.57% |
| 2022 | 15688 | $1.02 | to | $0.89 | $15903 | 0.89% | 0.60% | to | 1.90% | (14.82%) | to | (15.92%) |
| 2021 | 15052 | $1.20 | to | $1.05 | $17938 | 1.13% | 0.60% | to | 1.90% | (1.99%) | to | (3.26%) |
| 2020 | 17213 | $1.22 | to | $1.09 | $21080 | 2.20% | 0.60% | to | 1.90% | 8.02% | to | 6.63% |
|  **CTIVP Vty Sycamore Estb Val, Cl 2** | **CTIVP Vty Sycamore Estb Val, Cl 2** | **CTIVP Vty Sycamore Estb Val, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 15890 | $3.87 | to | $3.31 | $70731 |  | 0.60% | to | 1.90% | 8.97% | to | 7.55% |
| 2023 | 15978 | $3.55 | to | $3.08 | $66318 |  | 0.60% | to | 1.90% | 9.02% | to | 7.61% |
| 2022 | 15979 | $3.25 | to | $2.86 | $61811 |  | 0.60% | to | 1.90% | (3.58%) | to | (4.82%) |
| 2021 | 14888 | $3.37 | to | $3.01 | $60951 |  | 0.60% | to | 1.90% | 30.76% | to | 29.07% |
| 2020 | 13877 | $2.58 | to | $2.33 | $43610 |  | 0.60% | to | 1.90% | 7.16% | to | 5.77% |
|  **CTIVP Vty Sycamore Estb Val, Cl 3** | **CTIVP Vty Sycamore Estb Val, Cl 3** | **CTIVP Vty Sycamore Estb Val, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 8117 | $5.86 | to | $4.23 | $41898 |  | 0.55% | to | 1.45% | 9.16% | to | 8.18% |
| 2023 | 9202 | $5.36 | to | $3.91 | $43664 |  | 0.55% | to | 1.45% | 9.21% | to | 8.23% |
| 2022 | 10010 | $4.91 | to | $3.61 | $43664 |  | 0.55% | to | 1.45% | (3.42%) | to | (4.28%) |
| 2021 | 10178 | $5.09 | to | $3.77 | $46158 |  | 0.55% | to | 1.45% | 31.03% | to | 29.85% |
| 2020 | 10052 | $3.88 | to | $2.90 | $34992 |  | 0.55% | to | 1.45% | 7.31% | to | 6.35% |
|  **CTIVP Westfield Mid Cap Gro, Cl 2** | **CTIVP Westfield Mid Cap Gro, Cl 2** | **CTIVP Westfield Mid Cap Gro, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 6962 | $3.55 | to | $3.02 | $30938 |  | 0.60% | to | 1.90% | 16.49% | to | 14.97% |
| 2023 | 7553 | $3.05 | to | $2.63 | $29092 |  | 0.60% | to | 1.90% | 24.43% | to | 22.83% |
| 2022 | 7344 | $2.45 | to | $2.14 | $23011 |  | 0.60% | to | 1.90% | (26.23%) | to | (27.18%) |
| 2021 | 7227 | $3.32 | to | $2.94 | $30841 |  | 0.60% | to | 1.90% | 15.72% | to | 14.22% |
| 2020 | 7361 | $2.87 | to | $2.57 | $27283 |  | 0.60% | to | 1.90% | 26.42% | to | 24.79% |
|  **CTIVP Westfield Sel Lg Cp Gr, Cl 2** | **CTIVP Westfield Sel Lg Cp Gr, Cl 2** | **CTIVP Westfield Sel Lg Cp Gr, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 5436 | $3.88 | to | $3.27 | $26788 |  | 0.60% | to | 1.90% | 26.39% | to | 24.75% |
| 2023 | 6283 | $3.07 | to | $2.62 | $24647 |  | 0.60% | to | 1.90% | 29.84% | to | 28.17% |
| 2022 | 6721 | $2.37 | to | $2.05 | $20677 |  | 0.60% | to | 1.90% | (41.57%) | to | (42.32%) |
| 2021 | 7330 | $4.05 | to | $3.55 | $38806 |  | 0.60% | to | 1.90% | (4.92%) | to | (6.15%) |
| 2020 | 6352 | $4.26 | to | $3.78 | $35501 |  | 0.60% | to | 1.90% | 74.44% | to | 72.19% |

---

---

| | |
|:---|:---|
| **138** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units<br>(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **CVT EAFE Intl Index, Cl F** | **CVT EAFE Intl Index, Cl F** | **CVT EAFE Intl Index, Cl F** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 4153 | $1.17 | to | $1.14 | $4802 | 3.00% | 0.65% | to | 1.55% | 2.28% | to | 1.35% |
| 2023 | 2801 | $1.14 | to | $1.12 | $3180 | 3.77% | 0.65% | to | 1.55% | 16.77% | to | 15.73% |
| 2022 | 1106 | $0.98 | to | $0.97 | $1081 | 8.22% | 0.65% | to | 1.55% | (2.06%)<sup>(7)</sup> | to | (2.64%)<sup>(7)</sup> |
|  **CVT Nasdaq 100 Index, Cl F** | **CVT Nasdaq 100 Index, Cl F** | **CVT Nasdaq 100 Index, Cl F** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 14744 | $1.61 | to | $1.57 | $23550 | 0.42% | 0.65% | to | 1.55% | 24.07% | to | 22.95% |
| 2023 | 7195 | $1.30 | to | $1.28 | $9295 | 0.47% | 0.65% | to | 1.55% | 53.03% | to | 51.66% |
| 2022 | 2273 | $0.85 | to | $0.84 | $1929 | 0.44% | 0.65% | to | 1.55% | (16.49%)<sup>(7)</sup> | to | (16.98%)<sup>(7)</sup> |
|  **CVT Russ 2000 Sm Cap Ind, Cl F** | **CVT Russ 2000 Sm Cap Ind, Cl F** | **CVT Russ 2000 Sm Cap Ind, Cl F** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 8641 | $1.21 | to | $1.18 | $10352 | 1.55% | 0.65% | to | 1.55% | 10.28% | to | 9.29% |
| 2023 | 4332 | $1.10 | to | $1.08 | $4726 | 1.24% | 0.65% | to | 1.55% | 15.61% | to | 14.57% |
| 2022 | 1554 | $0.95 | to | $0.94 | $1475 | 1.76% | 0.65% | to | 1.55% | (6.07%)<sup>(7)</sup> | to | (6.63%)<sup>(7)</sup> |
|  **DWS Alt Asset Alloc VIP, Cl B** | **DWS Alt Asset Alloc VIP, Cl B** | **DWS Alt Asset Alloc VIP, Cl B** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 12997 | $1.29 | to | $1.09 | $15821 | 3.24% | 0.55% | to | 1.90% | 4.72% | to | 3.32% |
| 2023 | 13734 | $1.23 | to | $1.05 | $16055 | 6.64% | 0.55% | to | 1.90% | 5.09% | to | 3.69% |
| 2022 | 15555 | $1.17 | to | $1.02 | $17388 | 6.64% | 0.55% | to | 1.90% | (8.25%) | to | (9.47%) |
| 2021 | 12269 | $1.28 | to | $1.12 | $15007 | 1.58% | 0.55% | to | 1.90% | 11.73% | to | 10.24% |
| 2020 | 10984 | $1.14 | to | $1.02 | $12104 | 2.51% | 0.55% | to | 1.90% | 4.74% | to | 3.34% |
|  **EV VT Floating-Rate Inc, Init Cl** | **EV VT Floating-Rate Inc, Init Cl** | **EV VT Floating-Rate Inc, Init Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 44900 | $1.84 | to | $1.13 | $76705 | 7.79% | 0.55% | to | 1.55% | 7.04% | to | 5.97% |
| 2023 | 50310 | $1.72 | to | $1.06 | $80842 | 8.19% | 0.55% | to | 1.55% | 10.60% | to | 9.51% |
| 2022 | 57322 | $1.55 | to | $0.97 | $83655 | 4.66% | 0.55% | to | 1.55% | (3.27%) | to | (2.68%)<sup>(7)</sup> |
| 2021 | 52307 | $1.61 | to | $1.39 | $79386 | 2.90% | 0.55% | to | 1.45% | 3.06% | to | 2.13% |
| 2020 | 53306 | $1.56 | to | $1.36 | $78848 | 3.33% | 0.55% | to | 1.45% | 1.41% | to | 0.53% |
|  **Fid VIP Contrafund, Serv Cl 2** | **Fid VIP Contrafund, Serv Cl 2** | **Fid VIP Contrafund, Serv Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 115087 | $5.76 | to | $4.12 | $616762 | 0.03% | 0.55% | to | 1.90% | 32.71% | to | 30.92% |
| 2023 | 123150 | $4.34 | to | $3.15 | $507551 | 0.26% | 0.55% | to | 1.90% | 32.39% | to | 30.62% |
| 2022 | 133029 | $3.28 | to | $2.41 | $416576 | 0.26% | 0.55% | to | 1.90% | (26.89%) | to | (27.87%) |
| 2021 | 143617 | $4.48 | to | $3.34 | $618452 | 0.03% | 0.55% | to | 1.90% | 26.81% | to | 25.11% |
| 2020 | 156503 | $3.53 | to | $2.67 | $534239 | 0.08% | 0.55% | to | 1.90% | 29.52% | to | 27.78% |
|  **Fid VIP Emer Mkts, Serv Cl 2** | **Fid VIP Emer Mkts, Serv Cl 2** | **Fid VIP Emer Mkts, Serv Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 2227 | $1.13 | to | $1.11 | $2504 | 1.32% | 0.65% | to | 1.55% | 9.00% | to | 8.01% |
| 2023 | 1829 | $1.04 | to | $1.03 | $1893 | 2.66% | 0.65% | to | 1.55% | 8.77% | to | 7.81% |
| 2022 | 617 | $0.96 | to | $0.95 | $590 | 5.28% | 0.65% | to | 1.55% | (4.74%)<sup>(7)</sup> | to | (5.30%)<sup>(7)</sup> |
|  **Fid VIP Energy, Serv Cl 2** | **Fid VIP Energy, Serv Cl 2** | **Fid VIP Energy, Serv Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 2329 | $1.20 | to | $1.18 | $2775 | 2.19% | 0.65% | to | 1.55% | 3.34% | to | 2.41% |
| 2023 | 1982 | $1.17 | to | $1.15 | $2295 | 2.81% | 0.65% | to | 1.55% | 0.05% | to | (0.84%) |
| 2022 | 681 | $1.16 | to | $1.16 | $792 | 5.09% | 0.65% | to | 1.55% | 15.45%<sup>(7)</sup> | to | 14.76%<sup>(7)</sup> |
|  **Fid VIP Gro & Inc, Serv Cl** | **Fid VIP Gro & Inc, Serv Cl** | **Fid VIP Gro & Inc, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 8759 | $5.19 | to | $4.69 | $42673 | 1.32% | 0.55% | to | 0.95% | 21.46% | to | 20.97% |
| 2023 | 10014 | $4.27 | to | $3.88 | $40195 | 1.56% | 0.55% | to | 0.95% | 17.93% | to | 17.46% |
| 2022 | 10958 | $3.62 | to | $3.30 | $37405 | 1.56% | 0.55% | to | 0.95% | (5.54%) | to | (5.92%) |
| 2021 | 11782 | $3.84 | to | $3.51 | $42718 | 2.29% | 0.55% | to | 0.95% | 25.07% | to | 24.58% |
| 2020 | 12829 | $3.07 | to | $2.82 | $37319 | 2.01% | 0.55% | to | 0.95% | 7.14% | to | 6.72% |
|  **Fid VIP Gro & Inc, Serv Cl 2** | **Fid VIP Gro & Inc, Serv Cl 2** | **Fid VIP Gro & Inc, Serv Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 22743 | $5.52 | to | $1.40 | $109129 | 1.26% | 0.55% | to | 1.55% | 21.29% | to | 20.07% |
| 2023 | 23416 | $4.55 | to | $1.16 | $96519 | 1.50% | 0.55% | to | 1.55% | 17.72% | to | 16.55% |
| 2022 | 23378 | $3.87 | to | $1.00 | $84649 | 1.46% | 0.55% | to | 1.55% | (5.69%) | to | (0.41%)<sup>(7)</sup> |
| 2021 | 24392 | $4.10 | to | $3.74 | $95670 | 2.17% | 0.55% | to | 1.20% | 24.95% | to | 24.14% |
| 2020 | 27581 | $3.28 | to | $3.01 | $86752 | 1.91% | 0.55% | to | 1.20% | 7.00% | to | 6.31% |
|  **Fid VIP Gro Opp, Serv Cl 2** | **Fid VIP Gro Opp, Serv Cl 2** | **Fid VIP Gro Opp, Serv Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 15519 | $1.67 | to | $1.63 | $25706 |  | 0.65% | to | 1.55% | 37.66% | to | 36.42% |
| 2023 | 7196 | $1.22 | to | $1.20 | $8689 |  | 0.65% | to | 1.55% | 44.36% | to | 43.08% |
| 2022 | 1783 | $0.84 | to | $0.84 | $1499 |  | 0.65% | to | 1.55% | (17.23%)<sup>(7)</sup> | to | (17.72%)<sup>(7)</sup> |

---

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **139** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units<br>(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **Fid VIP Intl Cap Appr, Serv Cl 2** | **Fid VIP Intl Cap Appr, Serv Cl 2** | **Fid VIP Intl Cap Appr, Serv Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 6502 | $1.25 | to | $1.22 | $8079 | 0.79% | 0.65% | to | 1.55% | 7.22% | to | 6.25% |
| 2023 | 3267 | $1.17 | to | $1.15 | $3798 | 0.25% | 0.65% | to | 1.55% | 26.37% | to | 25.22% |
| 2022 | 689 | $0.93 | to | $0.92 | $637 | 0.22% | 0.65% | to | 1.55% | (6.69%)<sup>(7)</sup> | to | (7.24%)<sup>(7)</sup> |
|  **Fid VIP Invest Gr, Serv Cl 2** | **Fid VIP Invest Gr, Serv Cl 2** | **Fid VIP Invest Gr, Serv Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 15685 | $1.01 | to | $0.99 | $15716 | 4.08% | 0.65% | to | 1.55% | 0.84% | to | (0.08%) |
| 2023 | 7882 | $1.00 | to | $0.99 | $7862 | 4.31% | 0.65% | to | 1.55% | 5.32% | to | 4.38% |
| 2022 | 859 | $0.95 | to | $0.95 | $817 | 7.27% | 0.65% | to | 1.55% | (4.16%)<sup>(7)</sup> | to | (4.73%)<sup>(7)</sup> |
|  **Fid VIP Mid Cap, Serv Cl** | **Fid VIP Mid Cap, Serv Cl** | **Fid VIP Mid Cap, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 5239 | $12.91 | to | $11.66 | $63821 | 0.46% | 0.55% | to | 0.95% | 16.71% | to | 16.24% |
| 2023 | 5939 | $11.06 | to | $10.03 | $62092 | 0.50% | 0.55% | to | 0.95% | 14.38% | to | 13.92% |
| 2022 | 6630 | $9.67 | to | $8.81 | $60815 | 0.40% | 0.55% | to | 0.95% | (15.32%) | to | (15.66%) |
| 2021 | 7266 | $11.42 | to | $10.44 | $78981 | 0.50% | 0.55% | to | 0.95% | 24.82% | to | 24.32% |
| 2020 | 8169 | $9.15 | to | $8.40 | $71389 | 0.55% | 0.55% | to | 0.95% | 17.39% | to | 16.92% |
|  **Fid VIP Mid Cap, Serv Cl 2** | **Fid VIP Mid Cap, Serv Cl 2** | **Fid VIP Mid Cap, Serv Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 59996 | $8.17 | to | $2.71 | $357178 | 0.34% | 0.55% | to | 1.90% | 16.53% | to | 14.95% |
| 2023 | 65759 | $7.01 | to | $2.36 | $337242 | 0.38% | 0.55% | to | 1.90% | 14.17% | to | 12.65% |
| 2022 | 70982 | $6.14 | to | $2.09 | $320729 | 0.27% | 0.55% | to | 1.90% | (15.43%) | to | (16.56%) |
| 2021 | 76803 | $7.27 | to | $2.51 | $412423 | 0.36% | 0.55% | to | 1.90% | 24.62% | to | 22.95% |
| 2020 | 84028 | $5.83 | to | $2.04 | $364896 | 0.40% | 0.55% | to | 1.90% | 17.22% | to | 15.65% |
|  **Fid VIP Overseas, Serv Cl** | **Fid VIP Overseas, Serv Cl** | **Fid VIP Overseas, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 3938 | $2.54 | to | $2.29 | $9394 | 1.59% | 0.55% | to | 0.95% | 4.38% | to | 3.96% |
| 2023 | 4139 | $2.43 | to | $2.21 | $9498 | 0.95% | 0.55% | to | 0.95% | 19.75% | to | 19.27% |
| 2022 | 4330 | $2.03 | to | $1.85 | $8318 | 0.96% | 0.55% | to | 0.95% | (25.00%) | to | (25.30%) |
| 2021 | 4660 | $2.71 | to | $2.48 | $11967 | 0.44% | 0.55% | to | 0.95% | 18.92% | to | 18.44% |
| 2020 | 5118 | $2.28 | to | $2.09 | $11088 | 0.34% | 0.55% | to | 0.95% | 14.86% | to | 14.40% |
|  **Fid VIP Overseas, Serv Cl 2** | **Fid VIP Overseas, Serv Cl 2** | **Fid VIP Overseas, Serv Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 16335 | $3.00 | to | $1.78 | $41147 | 1.39% | 0.55% | to | 1.45% | 4.23% | to | 3.29% |
| 2023 | 16514 | $2.88 | to | $1.72 | $40198 | 0.80% | 0.55% | to | 1.45% | 19.56% | to | 18.50% |
| 2022 | 17219 | $2.41 | to | $1.46 | $35279 | 0.80% | 0.55% | to | 1.45% | (25.09%) | to | (25.76%) |
| 2021 | 19522 | $3.22 | to | $1.96 | $53906 | 0.32% | 0.55% | to | 1.45% | 18.74% | to | 17.67% |
| 2020 | 21628 | $2.71 | to | $1.67 | $50424 | 0.22% | 0.55% | to | 1.45% | 14.70% | to | 13.67% |
|  **Fid VIP Strategic Inc, Serv Cl 2** | **Fid VIP Strategic Inc, Serv Cl 2** | **Fid VIP Strategic Inc, Serv Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 146803 | $1.33 | to | $1.14 | $185773 | 3.72% | 0.55% | to | 1.90% | 5.20% | to | 3.78% |
| 2023 | 134874 | $1.27 | to | $1.10 | $162987 | 4.45% | 0.55% | to | 1.90% | 8.58% | to | 7.13% |
| 2022 | 131771 | $1.17 | to | $1.02 | $147370 | 3.39% | 0.55% | to | 1.90% | (12.00%) | to | (13.18%) |
| 2021 | 138730 | $1.33 | to | $1.18 | $177205 | 2.56% | 0.55% | to | 1.90% | 2.97% | to | 1.58% |
| 2020 | 127920 | $1.29 | to | $1.16 | $159418 | 3.05% | 0.55% | to | 1.90% | 6.57% | to | 5.14% |
|  **Frank Global Real Est, Cl 2** | **Frank Global Real Est, Cl 2** | **Frank Global Real Est, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 17445 | $3.46 | to | $1.08 | $41247 | 1.83% | 0.55% | to | 1.45% | (0.87%) | to | (1.76%) |
| 2023 | 19107 | $3.49 | to | $1.10 | $46209 | 2.88% | 0.55% | to | 1.45% | 10.82% | to | 9.83% |
| 2022 | 22064 | $3.15 | to | $1.00 | $48213 | 2.42% | 0.55% | to | 1.45% | (26.47%) | to | (27.12%) |
| 2021 | 23528 | $4.28 | to | $1.37 | $70706 | 0.89% | 0.55% | to | 1.45% | 26.09% | to | 24.97% |
| 2020 | 26984 | $3.40 | to | $1.10 | $64477 | 3.29% | 0.55% | to | 1.45% | (5.91%) | to | (6.75%) |
|  **Frank Inc, Cl 2** | **Frank Inc, Cl 2** | **Frank Inc, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 35827 | $1.77 | to | $1.51 | $59763 | 5.13% | 0.55% | to | 1.90% | 6.61% | to | 5.18% |
| 2023 | 38683 | $1.66 | to | $1.43 | $60747 | 5.16% | 0.55% | to | 1.90% | 8.03% | to | 6.58% |
| 2022 | 41040 | $1.53 | to | $1.34 | $59978 | 4.85% | 0.55% | to | 1.90% | (5.99%) | to | (7.25%) |
| 2021 | 38475 | $1.63 | to | $1.45 | $60037 | 4.60% | 0.55% | to | 1.90% | 16.12% | to | 14.56% |
| 2020 | 38728 | $1.40 | to | $1.27 | $52301 | 5.97% | 0.55% | to | 1.90% | 0.14% | to | (1.21%) |
|  **Frank Inc, Cl 4** | **Frank Inc, Cl 4** | **Frank Inc, Cl 4** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 10989 | $1.11 | to | $1.09 | $12123 | 5.20% | 0.65% | to | 1.55% | 6.38% | to | 5.42% |
| 2023 | 5805 | $1.05 | to | $1.03 | $6034 | 4.84% | 0.65% | to | 1.55% | 7.85% | to | 6.88% |
| 2022 | 2561 | $0.97 | to | $0.96 | $2476 | 7.34% | 0.65% | to | 1.55% | (3.02%)<sup>(7)</sup> | to | (3.59%)<sup>(7)</sup> |

---

---

| | |
|:---|:---|
| **140** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units**<br> **(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **Frank Mutual Gbl Dis, Cl 4** | **Frank Mutual Gbl Dis, Cl 4** | **Frank Mutual Gbl Dis, Cl 4** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 503 | $1.23 | to | $1.20 | $614 | 1.66% | 0.65% | to | 1.55% | 3.90% | to | 2.97% |
| 2023 | 421 | $1.18 | to | $1.17 | $496 | 2.88% | 0.65% | to | 1.55% | 19.36% | to | 18.29% |
| 2022 | 134 | $0.99 | to | $0.99 | $134 | 1.49% | 0.65% | to | 1.55% | (0.78%)<sup>(7)</sup> | to | (1.37%)<sup>(7)</sup> |
|  **Frank Mutual Shares, Cl 2** | **Frank Mutual Shares, Cl 2** | **Frank Mutual Shares, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 20758 | $3.46 | to | $2.01 | $60103 | 1.93% | 0.55% | to | 1.90% | 10.66% | to | 9.17% |
| 2023 | 23728 | $3.12 | to | $1.84 | $62315 | 1.87% | 0.55% | to | 1.90% | 12.84% | to | 11.33% |
| 2022 | 26191 | $2.77 | to | $1.66 | $61099 | 1.83% | 0.55% | to | 1.90% | (7.94%) | to | (9.17%) |
| 2021 | 28365 | $3.01 | to | $1.82 | $72024 | 2.85% | 0.55% | to | 1.90% | 18.51% | to | 16.93% |
| 2020 | 32570 | $2.54 | to | $1.56 | $69793 | 2.71% | 0.55% | to | 1.90% | (5.56%) | to | (6.83%) |
|  **Frank Sm Cap Val, Cl 2** | **Frank Sm Cap Val, Cl 2** | **Frank Sm Cap Val, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 19525 | $8.36 | to | $2.55 | $110503 | 0.93% | 0.55% | to | 1.90% | 11.09% | to | 9.59% |
| 2023 | 22656 | $7.52 | to | $2.33 | $114080 | 0.52% | 0.55% | to | 1.90% | 12.13% | to | 10.63% |
| 2022 | 25398 | $6.71 | to | $2.10 | $113286 | 1.00% | 0.55% | to | 1.90% | (10.56%) | to | (11.75%) |
| 2021 | 26794 | $7.50 | to | $2.38 | $134339 | 1.02% | 0.55% | to | 1.90% | 24.68% | to | 23.00% |
| 2020 | 28578 | $6.02 | to | $1.94 | $115452 | 1.50% | 0.55% | to | 1.90% | 4.61% | to | 3.22% |
|  **Frank Sm Cap Val, Cl 4** | **Frank Sm Cap Val, Cl 4** | **Frank Sm Cap Val, Cl 4** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 4048 | $1.23 | to | $1.20 | $4926 | 0.77% | 0.65% | to | 1.55% | 10.88% | to | 9.88% |
| 2023 | 2839 | $1.11 | to | $1.09 | $3129 | 0.42% | 0.65% | to | 1.55% | 11.95% | to | 10.93% |
| 2022 | 1205 | $0.99 | to | $0.98 | $1192 | 0.83% | 0.65% | to | 1.55% | (1.65%)<sup>(7)</sup> | to | (2.23%)<sup>(7)</sup> |
|  **GS VIT Mid Cap Val, Inst** | **GS VIT Mid Cap Val, Inst** | **GS VIT Mid Cap Val, Inst** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 12052 | $9.59 | to | $6.06 | $103251 | 0.98% | 0.55% | to | 1.20% | 11.78% | to | 11.05% |
| 2023 | 13864 | $8.58 | to | $5.45 | $106603 | 1.00% | 0.55% | to | 1.20% | 10.81% | to | 10.09% |
| 2022 | 15316 | $7.74 | to | $4.95 | $106671 | 0.68% | 0.55% | to | 1.20% | (10.48%) | to | (11.06%) |
| 2021 | 16894 | $8.65 | to | $5.57 | $131913 | 0.46% | 0.55% | to | 1.20% | 30.23% | to | 29.39% |
| 2020 | 19376 | $6.64 | to | $4.31 | $116602 | 0.62% | 0.55% | to | 1.20% | 7.81% | to | 7.11% |
|  **GS VIT Multi-Strategy Alt, Advisor** | **GS VIT Multi-Strategy Alt, Advisor** | **GS VIT Multi-Strategy Alt, Advisor** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 9160 | $1.07 | to | $0.93 | $9288 | 2.51% | 0.55% | to | 1.90% | 2.54% | to | 1.16% |
| 2023 | 9708 | $1.04 | to | $0.92 | $9647 | 6.44% | 0.55% | to | 1.90% | 6.94% | to | 5.51% |
| 2022 | 10136 | $0.97 | to | $0.87 | $9493 | 3.47% | 0.55% | to | 1.90% | (7.36%) | to | (8.59%) |
| 2021 | 7940 | $1.05 | to | $0.95 | $8057 | 1.38% | 0.55% | to | 1.90% | 4.08% | to | 2.68% |
| 2020 | 7250 | $1.01 | to | $0.93 | $7104 | 1.83% | 0.55% | to | 1.90% | 5.99% | to | 4.57% |
|  **GS VIT Multi-Strategy Alt, Serv** | **GS VIT Multi-Strategy Alt, Serv** | **GS VIT Multi-Strategy Alt, Serv** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 1559 | $1.06 | to | $1.03 | $1633 | 3.18% | 0.65% | to | 1.55% | 2.61% | to | 1.70% |
| 2023 | 1052 | $1.03 | to | $1.01 | $1078 | 9.18% | 0.65% | to | 1.55% | 7.07% | to | 6.12% |
| 2022 | 401 | $0.96 | to | $0.96 | $387 | 12.27% | 0.65% | to | 1.55% | (3.71%)<sup>(7)</sup> | to | (4.27%)<sup>(7)</sup> |
|  **GS VIT Sm Cap Eq Insights, Inst** | **GS VIT Sm Cap Eq Insights, Inst** | **GS VIT Sm Cap Eq Insights, Inst** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 844 | $6.45 | to | $5.83 | $5093 | 0.97% | 0.55% | to | 0.95% | 18.40% | to | 17.92% |
| 2023 | 901 | $5.45 | to | $4.94 | $4602 | 1.00% | 0.55% | to | 0.95% | 18.62% | to | 18.15% |
| 2022 | 975 | $4.59 | to | $4.18 | $4209 | 0.31% | 0.55% | to | 0.95% | (19.82%) | to | (20.14%) |
| 2021 | 1088 | $5.73 | to | $5.24 | $5878 | 0.45% | 0.55% | to | 0.95% | 23.11% | to | 22.62% |
| 2020 | 1238 | $4.65 | to | $4.27 | $5451 | 0.22% | 0.55% | to | 0.95% | 7.99% | to | 7.56% |
|  **GS VIT Sm Cap Eq Insights, Serv** | **GS VIT Sm Cap Eq Insights, Serv** | **GS VIT Sm Cap Eq Insights, Serv** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 2063 | $1.33 | to | $1.30 | $2706 | 1.14% | 0.65% | to | 1.55% | 18.04% | to | 16.98% |
| 2023 | 902 | $1.12 | to | $1.11 | $1008 | 1.29% | 0.65% | to | 1.55% | 18.18% | to | 17.13% |
| 2022 | 330 | $0.95 | to | $0.95 | $314 | 0.25% | 0.65% | to | 1.55% | (5.77%)<sup>(7)</sup> | to | (6.32%)<sup>(7)</sup> |
|  **GS VIT U.S. Eq Insights, Inst** | **GS VIT U.S. Eq Insights, Inst** | **GS VIT U.S. Eq Insights, Inst** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 19943 | $5.40 | to | $4.38 | $101544 | 0.62% | 0.55% | to | 1.45% | 27.62% | to | 26.47% |
| 2023 | 23461 | $4.23 | to | $3.46 | $93870 | 0.68% | 0.55% | to | 1.45% | 23.13% | to | 22.03% |
| 2022 | 26352 | $3.44 | to | $2.84 | $85875 | 0.79% | 0.55% | to | 1.45% | (20.18%) | to | (20.89%) |
| 2021 | 29415 | $4.30 | to | $3.59 | $120460 | 0.78% | 0.55% | to | 1.45% | 28.70% | to | 27.54% |
| 2020 | 34242 | $3.34 | to | $2.81 | $109201 | 0.84% | 0.55% | to | 1.45% | 16.90% | to | 15.86% |

---

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| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **141** |

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------

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units**<br> **(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **Invesco VI Am Fran, Ser I** | **Invesco VI Am Fran, Ser I** | **Invesco VI Am Fran, Ser I** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 3022 | $5.20 | to | $4.94 | $15204 |  | 0.55% | to | 0.95% | 34.14% | to | 33.61% |
| 2023 | 3517 | $3.87 | to | $3.70 | $13220 |  | 0.55% | to | 0.95% | 40.16% | to | 39.60% |
| 2022 | 3864 | $2.76 | to | $2.65 | $10393 |  | 0.55% | to | 0.95% | (31.49%) | to | (31.76%) |
| 2021 | 4117 | $4.03 | to | $3.88 | $16208 |  | 0.55% | to | 0.95% | 11.31% | to | 10.87% |
| 2020 | 4758 | $3.62 | to | $3.50 | $16877 | 0.07% | 0.55% | to | 0.95% | 41.57% | to | 41.01% |
|  **Invesco VI Am Fran, Ser II** | **Invesco VI Am Fran, Ser II** | **Invesco VI Am Fran, Ser II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 9428 | $5.03 | to | $4.49 | $45554 |  | 0.55% | to | 1.45% | 33.82% | to | 32.61% |
| 2023 | 11541 | $3.76 | to | $3.39 | $41827 |  | 0.55% | to | 1.45% | 39.83% | to | 38.58% |
| 2022 | 13038 | $2.69 | to | $2.44 | $33926 |  | 0.55% | to | 1.45% | (31.67%) | to | (32.28%) |
| 2021 | 14122 | $3.94 | to | $3.61 | $53938 |  | 0.55% | to | 1.45% | 11.04% | to | 10.04% |
| 2020 | 16180 | $3.55 | to | $3.28 | $55833 |  | 0.55% | to | 1.45% | 41.22% | to | 39.95% |
|  **Invesco VI Bal Risk Alloc, Ser II** | **Invesco VI Bal Risk Alloc, Ser II** | **Invesco VI Bal Risk Alloc, Ser II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 19882 | $1.39 | to | $1.19 | $26351 | 5.69% | 0.55% | to | 1.90% | 2.99% | to | 1.60% |
| 2023 | 22516 | $1.35 | to | $1.17 | $29098 |  | 0.55% | to | 1.90% | 5.82% | to | 4.40% |
| 2022 | 26236 | $1.28 | to | $1.12 | $32129 | 7.41% | 0.55% | to | 1.90% | (14.98%) | to | (16.12%) |
| 2021 | 25890 | $1.50 | to | $1.34 | $37476 | 3.03% | 0.55% | to | 1.90% | 8.66% | to | 7.21% |
| 2020 | 25880 | $1.38 | to | $1.25 | $34796 | 7.46% | 0.55% | to | 1.90% | 9.39% | to | 7.92% |
|  **Invesco VI Comstock, Ser II** | **Invesco VI Comstock, Ser II** | **Invesco VI Comstock, Ser II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 22813 | $4.84 | to | $1.26 | $97684 | 1.49% | 0.55% | to | 1.55% | 14.23% | to | 13.09% |
| 2023 | 25314 | $4.23 | to | $1.12 | $95816 | 1.55% | 0.55% | to | 1.55% | 11.48% | to | 10.37% |
| 2022 | 27918 | $3.80 | to | $1.01 | $95536 | 1.35% | 0.55% | to | 1.55% | 0.29% | to | 0.68%<sup>(7)</sup> |
| 2021 | 29782 | $3.79 | to | $2.71 | $102722 | 1.57% | 0.55% | to | 1.45% | 32.31% | to | 31.13% |
| 2020 | 36170 | $2.86 | to | $2.07 | $94658 | 2.13% | 0.55% | to | 1.45% | (1.63%) | to | (2.51%) |
|  **Invesco VI Core Eq, Ser I** | **Invesco VI Core Eq, Ser I** | **Invesco VI Core Eq, Ser I** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 11324 | $6.56 | to | $6.56 | $75004 | 0.69% | 1.25% | to | 1.25% | 24.04% | to | 24.04% |
| 2023 | 12684 | $5.29 | to | $5.29 | $67844 | 0.73% | 1.25% | to | 1.25% | 21.84% | to | 21.84% |
| 2022 | 13894 | $4.34 | to | $4.34 | $61007 | 0.91% | 1.25% | to | 1.25% | (21.53%) | to | (21.53%) |
| 2021 | 15101 | $5.53 | to | $5.53 | $84521 | 0.66% | 1.25% | to | 1.25% | 26.15% | to | 26.15% |
| 2020 | 16461 | $4.38 | to | $4.38 | $73056 | 1.34% | 1.25% | to | 1.25% | 12.44% | to | 12.44% |
|  **Invesco VI Core Plus Bond, Ser II** | **Invesco VI Core Plus Bond, Ser II** | **Invesco VI Core Plus Bond, Ser II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 7052 | $1.01 | to | $0.99 | $7083 | 4.33% | 0.65% | to | 1.55% | 2.05% | to | 1.14% |
| 2023 | 3782 | $0.99 | to | $0.98 | $3735 | 3.83% | 0.65% | to | 1.55% | 5.16% | to | 4.23% |
| 2022 | 387 | $0.95 | to | $0.94 | $366 | 1.32% | 0.65% | to | 1.55% | (4.93%)<sup>(7)</sup> | to | (5.50%)<sup>(7)</sup> |
|  **Invesco VI Dis Mid Cap Gro, Ser I** | **Invesco VI Dis Mid Cap Gro, Ser I** | **Invesco VI Dis Mid Cap Gro, Ser I** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 10489 | $1.71 | to | $1.66 | $17744 |  | 0.55% | to | 1.20% | 23.55% | to | 22.74% |
| 2023 | 11608 | $1.38 | to | $1.35 | $15945 |  | 0.55% | to | 1.20% | 12.53% | to | 11.81% |
| 2022 | 12594 | $1.23 | to | $1.21 | $15421 |  | 0.55% | to | 1.20% | (31.36%) | to | (31.80%) |
| 2021 | 14159 | $1.79 | to | $1.77 | $25333 |  | 0.55% | to | 1.20% | 18.45% | to | 17.68% |
| 2020 | 15946 | $1.51 | to | $1.50 | $24155 | 0.05% | 0.55% | to | 1.20% | 51.03%<sup>(5)</sup> | to | 50.36%<sup>(5)</sup> |
|  **Invesco VI Dis Mid Cap Gro, Ser II** | **Invesco VI Dis Mid Cap Gro, Ser II** | **Invesco VI Dis Mid Cap Gro, Ser II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 6804 | $1.69 | to | $1.62 | $11272 |  | 0.55% | to | 1.45% | 23.24% | to | 22.13% |
| 2023 | 7520 | $1.37 | to | $1.32 | $10148 |  | 0.55% | to | 1.45% | 12.23% | to | 11.23% |
| 2022 | 8247 | $1.22 | to | $1.19 | $9954 |  | 0.55% | to | 1.45% | (31.51%) | to | (32.12%) |
| 2021 | 9306 | $1.78 | to | $1.75 | $16458 |  | 0.55% | to | 1.45% | 18.14% | to | 17.08% |
| 2020 | 10622 | $1.51 | to | $1.50 | $15963 |  | 0.55% | to | 1.45% | 50.65%<sup>(5)</sup> | to | 49.72%<sup>(5)</sup> |
|  **Invesco VI Div Divd, Ser I** | **Invesco VI Div Divd, Ser I** | **Invesco VI Div Divd, Ser I** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 5577 | $3.20 | to | $2.92 | $17184 | 1.84% | 0.55% | to | 1.20% | 12.59% | to | 11.86% |
| 2023 | 6442 | $2.84 | to | $2.61 | $17683 | 1.96% | 0.55% | to | 1.20% | 8.45% | to | 7.75% |
| 2022 | 7439 | $2.62 | to | $2.43 | $18878 | 1.89% | 0.55% | to | 1.20% | (2.22%) | to | (2.85%) |
| 2021 | 7765 | $2.68 | to | $2.50 | $20232 | 2.10% | 0.55% | to | 1.20% | 18.24% | to | 17.48% |
| 2020 | 8941 | $2.26 | to | $2.13 | $19755 | 2.93% | 0.55% | to | 1.20% | (0.41%) | to | (1.05%) |

---

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| | |
|:---|:---|
| **142** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

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------

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units**<br> **(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **Invesco VI Div Divd, Ser II** | **Invesco VI Div Divd, Ser II** | **Invesco VI Div Divd, Ser II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 3107 | $2.96 | to | $2.73 | $9066 | 1.62% | 0.85% | to | 1.45% | 12.00% | to | 11.33% |
| 2023 | 3624 | $2.65 | to | $2.45 | $9457 | 1.70% | 0.85% | to | 1.45% | 7.85% | to | 7.21% |
| 2022 | 4379 | $2.45 | to | $2.29 | $10598 | 1.68% | 0.85% | to | 1.45% | (2.75%) | to | (3.33%) |
| 2021 | 4426 | $2.52 | to | $2.37 | $11041 | 1.92% | 0.85% | to | 1.45% | 17.59% | to | 16.89% |
| 2020 | 5209 | $2.15 | to | $2.03 | $11057 | 2.70% | 0.85% | to | 1.45% | (0.98%) | to | (1.57%) |
|  **Invesco VI EQV Intl Eq, Ser II** | **Invesco VI EQV Intl Eq, Ser II** | **Invesco VI EQV Intl Eq, Ser II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 14981 | $2.47 | to | $1.87 | $33563 | 1.49% | 0.55% | to | 1.45% | (0.21%) | to | (1.11%) |
| 2023 | 17008 | $2.48 | to | $1.89 | $38321 |  | 0.55% | to | 1.45% | 17.22% | to | 16.18% |
| 2022 | 19003 | $2.12 | to | $1.63 | $36630 | 1.41% | 0.55% | to | 1.45% | (18.95%) | to | (19.68%) |
| 2021 | 20910 | $2.61 | to | $2.02 | $49860 | 1.03% | 0.55% | to | 1.45% | 5.03% | to | 4.09% |
| 2020 | 23326 | $2.49 | to | $1.94 | $53197 | 2.08% | 0.55% | to | 1.45% | 13.11% | to | 12.10% |
|  **Invesco VI Global, Ser II** | **Invesco VI Global, Ser II** | **Invesco VI Global, Ser II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 30209 | $5.07 | to | $2.77 | $127717 |  | 0.55% | to | 1.90% | 15.15% | to | 13.60% |
| 2023 | 33561 | $4.40 | to | $2.44 | $123102 |  | 0.55% | to | 1.90% | 33.71% | to | 31.92% |
| 2022 | 37552 | $3.29 | to | $1.85 | $103293 |  | 0.55% | to | 1.90% | (32.31%) | to | (33.22%) |
| 2021 | 41188 | $4.87 | to | $2.77 | $168530 |  | 0.55% | to | 1.90% | 14.54% | to | 13.00% |
| 2020 | 44144 | $4.25 | to | $2.45 | $158216 | 0.44% | 0.55% | to | 1.90% | 26.64% | to | 24.94% |
|  **Invesco VI Gbl Strat Inc, Ser II** | **Invesco VI Gbl Strat Inc, Ser II** | **Invesco VI Gbl Strat Inc, Ser II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 70761 | $1.77 | to | $0.91 | $113889 | 2.66% | 0.55% | to | 1.90% | 2.22% | to | 0.85% |
| 2023 | 78192 | $1.73 | to | $0.90 | $123483 |  | 0.55% | to | 1.90% | 8.01% | to | 6.56% |
| 2022 | 85984 | $1.60 | to | $0.85 | $126018 |  | 0.55% | to | 1.90% | (12.20%) | to | (13.37%) |
| 2021 | 98263 | $1.83 | to | $0.98 | $164758 | 4.16% | 0.55% | to | 1.90% | (4.09%) | to | (5.38%) |
| 2020 | 109621 | $1.91 | to | $1.03 | $192491 | 5.23% | 0.55% | to | 1.90% | 2.43% | to | 1.06% |
|  **Invesco VI Hlth, Ser II** | **Invesco VI Hlth, Ser II** | **Invesco VI Hlth, Ser II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 8537 | $3.41 | to | $3.05 | $28023 |  | 0.55% | to | 1.45% | 3.30% | to | 2.37% |
| 2023 | 10054 | $3.30 | to | $2.98 | $32073 |  | 0.55% | to | 1.45% | 2.20% | to | 1.29% |
| 2022 | 11724 | $3.23 | to | $2.95 | $36734 |  | 0.55% | to | 1.45% | (14.01%) | to | (14.78%) |
| 2021 | 12805 | $3.75 | to | $3.46 | $46666 | 0.00% | 0.55% | to | 1.45% | 11.43% | to | 10.43% |
| 2020 | 14173 | $3.37 | to | $3.13 | $46553 | 0.10% | 0.55% | to | 1.45% | 13.57% | to | 12.56% |
|  **Invesco VI Main St, Ser II** | **Invesco VI Main St, Ser II** | **Invesco VI Main St, Ser II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 1199 | $2.16 | to | $2.06 | $2580 |  | 0.85% | to | 1.45% | 22.34% | to | 21.61% |
| 2023 | 1307 | $1.76 | to | $1.69 | $2299 | 0.48% | 0.85% | to | 1.45% | 21.79% | to | 21.07% |
| 2022 | 1597 | $1.45 | to | $1.40 | $2295 | 1.10% | 0.85% | to | 1.45% | (20.98%) | to | (21.46%) |
| 2021 | 1925 | $1.83 | to | $1.78 | $3503 | 0.51% | 0.85% | to | 1.45% | 26.15% | to | 25.40% |
| 2020 | 2060 | $1.45 | to | $1.42 | $2976 | 1.13% | 0.85% | to | 1.45% | 12.73% | to | 12.06% |
|  **Invesco VI Mn St Sm Cap, Ser II** | **Invesco VI Mn St Sm Cap, Ser II** | **Invesco VI Mn St Sm Cap, Ser II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 22985 | $5.58 | to | $2.96 | $107467 |  | 0.55% | to | 1.90% | 11.79% | to | 10.28% |
| 2023 | 23472 | $5.00 | to | $2.68 | $98221 | 0.96% | 0.55% | to | 1.90% | 17.18% | to | 15.61% |
| 2022 | 23898 | $4.26 | to | $2.32 | $85386 | 0.25% | 0.55% | to | 1.90% | (16.50%) | to | (17.62%) |
| 2021 | 26168 | $5.11 | to | $2.82 | $112646 | 0.18% | 0.55% | to | 1.90% | 21.59% | to | 19.96% |
| 2020 | 27781 | $4.20 | to | $2.35 | $98850 | 0.37% | 0.55% | to | 1.90% | 18.98% | to | 17.38% |
|  **Invesco VI Tech, Ser I** | **Invesco VI Tech, Ser I** | **Invesco VI Tech, Ser I** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 6567 | $4.70 | to | $4.75 | $29890 |  | 0.55% | to | 1.20% | 33.53% | to | 32.66% |
| 2023 | 7330 | $3.52 | to | $3.58 | $24846 |  | 0.55% | to | 1.20% | 46.14% | to | 45.20% |
| 2022 | 8033 | $2.41 | to | $2.46 | $18662 |  | 0.55% | to | 1.20% | (40.28%) | to | (40.67%) |
| 2021 | 8637 | $4.03 | to | $4.15 | $33694 |  | 0.55% | to | 1.20% | 13.78% | to | 13.05% |
| 2020 | 10030 | $3.55 | to | $3.67 | $34515 |  | 0.55% | to | 1.20% | 45.31% | to | 44.37% |
|  **Invesco VI Tech, Ser II** | **Invesco VI Tech, Ser II** | **Invesco VI Tech, Ser II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 5149 | $1.56 | to | $1.52 | $7935 |  | 0.65% | to | 1.55% | 32.99% | to | 31.78% |
| 2023 | 2929 | $1.17 | to | $1.15 | $3408 |  | 0.65% | to | 1.55% | 45.77% | to | 44.47% |
| 2022 | 610 | $0.80 | to | $0.80 | $490 |  | 0.65% | to | 1.55% | (20.88%)<sup>(7)</sup> | to | (21.36%)<sup>(7)</sup> |

---

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **143** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units**<br> **(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **Janus Henderson VIT Bal, Serv** | **Janus Henderson VIT Bal, Serv** | **Janus Henderson VIT Bal, Serv** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 93103 | $1.73 | to | $1.58 | $156291 | 1.78% | 0.55% | to | 1.90% | 14.51% | to | 12.97% |
| 2023 | 89611 | $1.51 | to | $1.40 | $132210 | 1.82% | 0.55% | to | 1.90% | 14.51% | to | 12.97% |
| 2022 | 88215 | $1.32 | to | $1.24 | $113816 | 0.98% | 0.55% | to | 1.90% | (17.07%) | to | (18.18%) |
| 2021 | 87752 | $1.59 | to | $1.52 | $137239 | 0.69% | 0.55% | to | 1.90% | 16.27% | to | 14.70% |
| 2020 | 74253 | $1.37 | to | $1.32 | $100413 | 1.60% | 0.55% | to | 1.90% | 13.40% | to | 11.88% |
|  **Janus Henderson VIT Enter, Serv** | **Janus Henderson VIT Enter, Serv** | **Janus Henderson VIT Enter, Serv** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 4236 | $3.67 | to | $3.32 | $14590 | 0.62% | 0.55% | to | 0.95% | 14.69% | to | 14.23% |
| 2023 | 4828 | $3.20 | to | $2.91 | $14534 | 0.09% | 0.55% | to | 0.95% | 17.13% | to | 16.67% |
| 2022 | 5343 | $2.73 | to | $2.49 | $13772 | 0.08% | 0.55% | to | 0.95% | (16.61%) | to | (16.94%) |
| 2021 | 5926 | $3.27 | to | $3.00 | $18370 | 0.24% | 0.55% | to | 0.95% | 15.90% | to | 15.44% |
| 2020 | 6521 | $2.82 | to | $2.60 | $17484 |  | 0.55% | to | 0.95% | 18.53% | to | 18.06% |
|  **Janus Henderson VIT Flex Bd, Serv** | **Janus Henderson VIT Flex Bd, Serv** | **Janus Henderson VIT Flex Bd, Serv** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 60128 | $1.11 | to | $0.95 | $63357 | 4.30% | 0.55% | to | 1.90% | 1.07% | to | (0.29%) |
| 2023 | 54461 | $1.10 | to | $0.95 | $57033 | 3.72% | 0.55% | to | 1.90% | 4.72% | to | 3.33% |
| 2022 | 49715 | $1.05 | to | $0.92 | $49951 | 1.97% | 0.55% | to | 1.90% | (14.37%) | to | (15.51%) |
| 2021 | 54882 | $1.23 | to | $1.09 | $64705 | 1.63% | 0.55% | to | 1.90% | (1.66%) | to | (2.97%) |
| 2020 | 55739 | $1.25 | to | $1.12 | $67139 | 2.47% | 0.55% | to | 1.90% | 9.65% | to | 8.18% |
|  **Janus Henderson VIT Forty, Serv** | **Janus Henderson VIT Forty, Serv** | **Janus Henderson VIT Forty, Serv** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 3637 | $1.53 | to | $1.49 | $5506 | 0.01% | 0.65% | to | 1.55% | 27.30% | to | 26.15% |
| 2023 | 2031 | $1.20 | to | $1.18 | $2427 | 0.20% | 0.65% | to | 1.55% | 38.75% | to | 37.51% |
| 2022 | 550 | $0.87 | to | $0.86 | $477 | 0.21% | 0.65% | to | 1.55% | (14.36%)<sup>(7)</sup> | to | (14.87%)<sup>(7)</sup> |
|  **Janus Hend VIT Gbl Tech Innov, Srv** | **Janus Hend VIT Gbl Tech Innov, Srv** | **Janus Hend VIT Gbl Tech Innov, Srv** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 9868 | $4.83 | to | $1.68 | $43523 |  | 0.55% | to | 1.55% | 31.03% | to | 29.72% |
| 2023 | 9595 | $3.69 | to | $1.29 | $33980 |  | 0.55% | to | 1.55% | 53.43% | to | 51.91% |
| 2022 | 9650 | $2.40 | to | $0.85 | $22290 |  | 0.55% | to | 1.55% | (37.47%) | to | (16.26%)<sup>(7)</sup> |
| 2021 | 11042 | $3.84 | to | $8.59 | $41320 | 0.11% | 0.55% | to | 1.20% | 17.10% | to | 16.34% |
| 2020 | 12474 | $3.28 | to | $7.38 | $39831 |  | 0.55% | to | 1.20% | 49.90% | to | 48.93% |
|  **Janus Henderson VIT Overseas, Serv** | **Janus Henderson VIT Overseas, Serv** | **Janus Henderson VIT Overseas, Serv** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 11882 | $2.17 | to | $1.13 | $22946 | 1.34% | 0.55% | to | 1.55% | 4.99% | to | 3.94% |
| 2023 | 10521 | $2.07 | to | $1.09 | $20209 | 1.43% | 0.55% | to | 1.55% | 9.98% | to | 8.89% |
| 2022 | 10668 | $1.88 | to | $1.00 | $19075 | 1.70% | 0.55% | to | 1.55% | (9.34%) | to | (0.29%)<sup>(7)</sup> |
| 2021 | 10886 | $2.08 | to | $3.21 | $21627 | 1.02% | 0.55% | to | 1.20% | 12.67% | to | 11.94% |
| 2020 | 11852 | $1.84 | to | $2.86 | $20942 | 1.20% | 0.55% | to | 1.20% | 15.39% | to | 14.64% |
|  **Janus Henderson VIT Res, Serv** | **Janus Henderson VIT Res, Serv** | **Janus Henderson VIT Res, Serv** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 13692 | $5.60 | to | $4.44 | $71065 |  | 0.55% | to | 1.90% | 34.21% | to | 32.41% |
| 2023 | 15163 | $4.17 | to | $3.35 | $58985 | 0.06% | 0.55% | to | 1.90% | 42.03% | to | 40.13% |
| 2022 | 15712 | $2.94 | to | $2.39 | $43311 |  | 0.55% | to | 1.90% | (30.45%) | to | (31.38%) |
| 2021 | 16792 | $4.23 | to | $3.48 | $66914 | 0.02% | 0.55% | to | 1.90% | 19.39% | to | 17.79% |
| 2020 | 18250 | $3.54 | to | $2.96 | $61214 | 0.22% | 0.55% | to | 1.90% | 31.85% | to | 30.08% |
|  **Lazard Ret Emer Mkts Eq, Serv** | **Lazard Ret Emer Mkts Eq, Serv** | **Lazard Ret Emer Mkts Eq, Serv** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 789 | $1.21 | to | $1.18 | $946 | 3.79% | 0.65% | to | 1.55% | 6.73% | to | 5.77% |
| 2023 | 332 | $1.13 | to | $1.11 | $374 | 7.35% | 0.65% | to | 1.55% | 21.48% | to | 20.40% |
| 2022 | 43 | $0.93 | to | $0.93 | $42 | 3.94% | 0.65% | to | 1.55% | (6.40%)<sup>(7)</sup> | to | (6.96%)<sup>(7)</sup> |
|  **Lazard Ret Global Dyn MA, Serv** | **Lazard Ret Global Dyn MA, Serv** | **Lazard Ret Global Dyn MA, Serv** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 5920 | $1.67 | to | $1.42 | $9309 |  | 0.55% | to | 1.90% | 8.00% | to | 6.54% |
| 2023 | 6834 | $1.54 | to | $1.33 | $10001 |  | 0.55% | to | 1.90% | 10.21% | to | 8.73% |
| 2022 | 8731 | $1.40 | to | $1.23 | $11622 | 0.08% | 0.55% | to | 1.90% | (17.83%) | to | (18.93%) |
| 2021 | 10498 | $1.70 | to | $1.51 | $17083 | 2.74% | 0.55% | to | 1.90% | 11.32% | to | 9.83% |
| 2020 | 11732 | $1.53 | to | $1.38 | $17230 | 0.61% | 0.55% | to | 1.90% | 0.26% | to | (1.09%) |
|  **Lord Abt Bond Debenture, Cl VC** | **Lord Abt Bond Debenture, Cl VC** | **Lord Abt Bond Debenture, Cl VC** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 6208 | $1.07 | to | $1.04 | $6556 | 7.23% | 0.65% | to | 1.55% | 6.03% | to | 5.07% |
| 2023 | 3237 | $1.01 | to | $0.99 | $3236 | 8.46% | 0.65% | to | 1.55% | 5.87% | to | 4.91% |
| 2022 | 935 | $0.95 | to | $0.95 | $887 | 20.62% | 0.65% | to | 1.55% | (4.49%)<sup>(7)</sup> | to | (5.05%)<sup>(7)</sup> |

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| | |
|:---|:---|
| **144** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

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------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units**<br> **(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **Lord Abt Short Dur Inc, Cl VC** | **Lord Abt Short Dur Inc, Cl VC** | **Lord Abt Short Dur Inc, Cl VC** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 12218 | $1.07 | to | $1.04 | $12919 | 5.37% | 0.65% | to | 1.55% | 4.45% | to | 3.51% |
| 2023 | 8565 | $1.02 | to | $1.01 | $8707 | 6.76% | 0.65% | to | 1.55% | 4.37% | to | 3.45% |
| 2022 | 2326 | $0.98 | to | $0.97 | $2273 | 11.65% | 0.65% | to | 1.55% | (1.84%)<sup>(7)</sup> | to | (2.43%)<sup>(7)</sup> |
|  **LVIP AC Intl, Serv Cl** | **LVIP AC Intl, Serv Cl** | **LVIP AC Intl, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 6797 | $2.52 | to | $1.04 | $15613 | 1.36% | 0.55% | to | 1.55% | 1.89% | to | 0.88% |
| 2023 | 7365 | $2.47 | to | $1.03 | $16816 | 1.25% | 0.55% | to | 1.55% | 11.81% | to | 10.71% |
| 2022 | 7608 | $2.21 | to | $0.93 | $16058 | 1.35% | 0.55% | to | 1.55% | (25.27%) | to | (6.43%)<sup>(7)</sup> |
| 2021 | 8507 | $2.96 | to | $3.01 | $24400 | 0.02% | 0.55% | to | 1.20% | 8.01% | to | 7.31% |
| 2020 | 9218 | $2.74 | to | $2.81 | $24485 | 0.38% | 0.55% | to | 1.20% | 24.97% | to | 24.15% |
|  **LVIP AC Intl, Std Cl II** | **LVIP AC Intl, Std Cl II** | **LVIP AC Intl, Std Cl II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 2521 | $2.35 | to | $2.12 | $5543 | 1.61% | 0.55% | to | 0.95% | 2.03% | to | 1.63% |
| 2023 | 2880 | $2.30 | to | $2.09 | $6221 | 1.41% | 0.55% | to | 0.95% | 11.96% | to | 11.51% |
| 2022 | 3217 | $2.05 | to | $1.87 | $6233 | 1.50% | 0.55% | to | 0.95% | (25.17%) | to | (25.47%) |
| 2021 | 3597 | $2.75 | to | $2.51 | $9341 | 0.16% | 0.55% | to | 0.95% | 8.15% | to | 7.72% |
| 2020 | 3871 | $2.54 | to | $2.33 | $9327 | 0.49% | 0.55% | to | 0.95% | 25.19% | to | 24.69% |
|  **LVIP AC Mid Cap Val, Serv Cl** | **LVIP AC Mid Cap Val, Serv Cl** | **LVIP AC Mid Cap Val, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 10175 | $3.56 | to | $1.11 | $36954 | 2.33% | 0.55% | to | 1.55% | 7.93% | to | 6.86% |
| 2023 | 11493 | $3.30 | to | $1.04 | $38655 | 2.17% | 0.55% | to | 1.55% | 5.45% | to | 4.40% |
| 2022 | 12448 | $3.13 | to | $0.99 | $40249 | 2.11% | 0.55% | to | 1.55% | (1.92%) | to | (0.64%)<sup>(7)</sup> |
| 2021 | 12841 | $3.19 | to | $3.46 | $42771 | 1.00% | 0.55% | to | 1.45% | 22.34% | to | 21.25% |
| 2020 | 14793 | $2.61 | to | $2.85 | $40391 | 1.63% | 0.55% | to | 1.45% | 0.56% | to | (0.35%) |
|  **LVIP AC Ultra, Serv Cl** | **LVIP AC Ultra, Serv Cl** | **LVIP AC Ultra, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 7087 | $7.73 | to | $6.85 | $51965 |  | 0.55% | to | 1.45% | 27.91% | to | 26.76% |
| 2023 | 8647 | $6.05 | to | $5.40 | $49845 |  | 0.55% | to | 1.45% | 42.49% | to | 41.21% |
| 2022 | 8897 | $4.24 | to | $3.83 | $36106 |  | 0.55% | to | 1.45% | (32.83%) | to | (33.43%) |
| 2021 | 9890 | $6.32 | to | $5.75 | $60002 |  | 0.55% | to | 1.45% | 22.32% | to | 21.23% |
| 2020 | 11057 | $5.16 | to | $4.74 | $54981 |  | 0.55% | to | 1.45% | 48.73% | to | 47.40% |
|  **LVIP AC Val, Serv Cl** | **LVIP AC Val, Serv Cl** | **LVIP AC Val, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 40099 | $5.06 | to | $2.65 | $167819 | 2.70% | 0.55% | to | 1.90% | 8.69% | to | 7.23% |
| 2023 | 46305 | $4.65 | to | $2.47 | $177917 | 2.23% | 0.55% | to | 1.90% | 8.42% | to | 6.98% |
| 2022 | 51027 | $4.29 | to | $2.31 | $180526 | 1.96% | 0.55% | to | 1.90% | (0.24%) | to | (1.57%) |
| 2021 | 49692 | $4.30 | to | $2.35 | $178573 | 1.59% | 0.55% | to | 1.90% | 23.60% | to | 21.95% |
| 2020 | 53117 | $3.48 | to | $1.92 | $155093 | 2.14% | 0.55% | to | 1.90% | 0.28% | to | (1.06%) |
|  **LVIP AC Val, Std Cl II** | **LVIP AC Val, Std Cl II** | **LVIP AC Val, Std Cl II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 4394 | $6.13 | to | $5.54 | $25432 | 2.81% | 0.55% | to | 0.95% | 8.88% | to | 8.44% |
| 2023 | 5194 | $5.63 | to | $5.11 | $27678 | 2.38% | 0.55% | to | 0.95% | 8.50% | to | 8.07% |
| 2022 | 5778 | $5.19 | to | $4.73 | $28456 | 2.09% | 0.55% | to | 0.95% | (0.01%) | to | (0.41%) |
| 2021 | 6246 | $5.19 | to | $4.75 | $30851 | 1.73% | 0.55% | to | 0.95% | 23.83% | to | 23.33% |
| 2020 | 6916 | $4.19 | to | $3.85 | $27765 | 2.28% | 0.55% | to | 0.95% | 0.42% | to | 0.02% |
|  **LVIP JPM US Eq, Serv Cl** | **LVIP JPM US Eq, Serv Cl** | **LVIP JPM US Eq, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 3347 | $1.44 | to | $1.41 | $4772 | 0.37% | 0.65% | to | 1.55% | 22.88% | to | 21.77% |
| 2023 | 3279 | $1.17 | to | $1.15 | $3819 | 1.03% | 0.65% | to | 1.55% | 16.04%<sup>(8)</sup> | to | 15.34%<sup>(8)</sup> |
|  **Mac VIP Asset Strategy, Serv Cl** | **Mac VIP Asset Strategy, Serv Cl** | **Mac VIP Asset Strategy, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 7222 | $1.80 | to | $1.53 | $12398 | 1.85% | 0.55% | to | 1.90% | 11.82% | to | 10.32% |
| 2023 | 8132 | $1.61 | to | $1.39 | $12557 | 2.06% | 0.55% | to | 1.90% | 13.31% | to | 11.80% |
| 2022 | 9145 | $1.42 | to | $1.24 | $12502 | 1.52% | 0.55% | to | 1.90% | (15.21%) | to | (16.34%) |
| 2021 | 10019 | $1.67 | to | $1.49 | $16237 | 1.59% | 0.55% | to | 1.90% | 9.84% | to | 8.37% |
| 2020 | 10756 | $1.52 | to | $1.37 | $15965 | 2.00% | 0.55% | to | 1.90% | 13.25% | to | 11.73% |
|  **Mac VIP for Inc, Serv Cl** | **Mac VIP for Inc, Serv Cl** | **Mac VIP for Inc, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 1483 | $1.13 | to | $1.11 | $1664 | 6.93% | 0.65% | to | 1.55% | 5.61% | to | 4.66% |
| 2023 | 912 | $1.07 | to | $1.06 | $974 | 5.86% | 0.65% | to | 1.55% | 12.12% | to | 11.12% |
| 2022 | 413 | $0.96 | to | $0.95 | $396 |  | 0.65% | to | 1.55% | (3.70%)<sup>(7)</sup> | to | (4.27%)<sup>(7)</sup> |
|  **Mac VIP Intl Core Eq, Serv Cl** | **Mac VIP Intl Core Eq, Serv Cl** | **Mac VIP Intl Core Eq, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 1295 | $0.99 | to | $0.98 | $1280 | 1.67% | 0.65% | to | 1.55% | (0.96%)<sup>(9)</sup> | to | (1.57%)<sup>(9)</sup> |

---

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **145** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units**<br> **(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **MFS Gbl Real Est, Serv Cl** | **MFS Gbl Real Est, Serv Cl** | **MFS Gbl Real Est, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 1873 | $0.87 | to | $0.85 | $1613 | 1.71% | 0.65% | to | 1.55% | (3.56%) | to | (4.43%) |
| 2023 | 1148 | $0.90 | to | $0.89 | $1029 | 0.55% | 0.65% | to | 1.55% | 10.49% | to | 9.50% |
| 2022 | 483 | $0.82 | to | $0.81 | $394 | 1.65% | 0.65% | to | 1.55% | (16.74%)<sup>(7)</sup> | to | (17.24%)<sup>(7)</sup> |
|  **MFS Intl Gro, Serv Cl** | **MFS Intl Gro, Serv Cl** | **MFS Intl Gro, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 4684 | $1.20 | to | $1.17 | $5571 | 0.88% | 0.65% | to | 1.55% | 8.05% | to | 7.09% |
| 2023 | 2680 | $1.11 | to | $1.10 | $2962 | 1.17% | 0.65% | to | 1.55% | 13.66% | to | 12.66% |
| 2022 | 611 | $0.98 | to | $0.97 | $597 | 0.40% | 0.65% | to | 1.55% | (1.98%)<sup>(7)</sup> | to | (2.56%)<sup>(7)</sup> |
|  **MFS Mass Inv Gro Stock, Serv Cl** | **MFS Mass Inv Gro Stock, Serv Cl** | **MFS Mass Inv Gro Stock, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 22853 | $3.15 | to | $2.88 | $69636 | 0.13% | 0.55% | to | 1.45% | 15.34% | to | 14.30% |
| 2023 | 26423 | $2.73 | to | $2.52 | $70051 | 0.05% | 0.55% | to | 1.45% | 23.03% | to | 21.93% |
| 2022 | 29550 | $2.22 | to | $2.07 | $63985 |  | 0.55% | to | 1.45% | (19.89%) | to | (20.61%) |
| 2021 | 31273 | $2.77 | to | $2.61 | $84817 | 0.03% | 0.55% | to | 1.45% | 24.97% | to | 23.85% |
| 2020 | 35260 | $2.22 | to | $2.10 | $76753 | 0.22% | 0.55% | to | 1.45% | 21.53% | to | 20.44% |
|  **MFS New Dis, Serv Cl** | **MFS New Dis, Serv Cl** | **MFS New Dis, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 6949 | $4.15 | to | $4.24 | $27284 |  | 0.55% | to | 1.20% | 5.85% | to | 5.16% |
| 2023 | 8074 | $3.92 | to | $4.03 | $30053 |  | 0.55% | to | 1.20% | 13.63% | to | 12.89% |
| 2022 | 8688 | $3.45 | to | $3.57 | $28558 |  | 0.55% | to | 1.20% | (30.38%) | to | (30.83%) |
| 2021 | 9511 | $4.96 | to | $5.16 | $45049 |  | 0.55% | to | 1.20% | 1.02% | to | 0.36% |
| 2020 | 10533 | $4.91 | to | $5.15 | $49536 |  | 0.55% | to | 1.20% | 44.78% | to | 43.85% |
|  **MFS Research Intl, Serv Cl** | **MFS Research Intl, Serv Cl** | **MFS Research Intl, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 2556 | $1.11 | to | $1.08 | $2798 | 1.49% | 0.65% | to | 1.55% | 2.12% | to | 1.20% |
| 2023 | 1693 | $1.08 | to | $1.07 | $1821 | 1.00% | 0.65% | to | 1.55% | 12.09% | to | 11.10% |
| 2022 | 439 | $0.97 | to | $0.96 | $423 | 2.42% | 0.65% | to | 1.55% | (3.09%)<sup>(7)</sup> | to | (3.66%)<sup>(7)</sup> |
|  **MFS Utilities, Serv Cl** | **MFS Utilities, Serv Cl** | **MFS Utilities, Serv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 26564 | $5.70 | to | $2.06 | $123093 | 2.07% | 0.55% | to | 1.90% | 10.73% | to | 9.24% |
| 2023 | 30875 | $5.15 | to | $1.89 | $128927 | 3.30% | 0.55% | to | 1.90% | (2.86%) | to | (4.17%) |
| 2022 | 35725 | $5.30 | to | $1.97 | $153188 | 2.24% | 0.55% | to | 1.90% | (0.07%) | to | (1.41%) |
| 2021 | 35894 | $5.31 | to | $2.00 | $154358 | 1.52% | 0.55% | to | 1.90% | 13.20% | to | 11.68% |
| 2020 | 40895 | $4.69 | to | $1.79 | $155077 | 2.21% | 0.55% | to | 1.90% | 5.04% | to | 3.63% |
|  **MS VIF Dis, Cl II** | **MS VIF Dis, Cl II** | **MS VIF Dis, Cl II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 15275 | $5.34 | to | $3.20 | $77103 |  | 0.55% | to | 1.90% | 40.95% | to | 39.05% |
| 2023 | 18521 | $3.79 | to | $2.30 | $66636 |  | 0.55% | to | 1.90% | 43.34% | to | 41.43% |
| 2022 | 19128 | $2.64 | to | $1.63 | $48221 |  | 0.55% | to | 1.90% | (63.17%) | to | (63.67%) |
| 2021 | 18790 | $7.18 | to | $4.48 | $129812 |  | 0.55% | to | 1.90% | (11.68%) | to | (12.87%) |
| 2020 | 19577 | $8.13 | to | $5.14 | $154281 |  | 0.55% | to | 1.90% | 150.66% | to | 147.31% |
|  **NB AMT Sus Eq, Cl S** | **NB AMT Sus Eq, Cl S** | **NB AMT Sus Eq, Cl S** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 4104 | $4.06 | to | $3.48 | $19494 |  | 0.60% | to | 1.90% | 24.77% | to | 23.15% |
| 2023 | 4558 | $3.25 | to | $2.83 | $17390 | 0.08% | 0.60% | to | 1.90% | 25.81% | to | 24.19% |
| 2022 | 4439 | $2.59 | to | $2.28 | $13471 | 0.12% | 0.60% | to | 1.90% | (19.14%) | to | (20.18%) |
| 2021 | 4556 | $3.20 | to | $2.85 | $17173 | 0.18% | 0.60% | to | 1.90% | 22.43% | to | 20.85% |
| 2020 | 4405 | $2.61 | to | $2.36 | $13612 | 0.38% | 0.60% | to | 1.90% | 18.56% | to | 17.03% |
|  **PIMCO VIT All Asset, Advisor Cl** | **PIMCO VIT All Asset, Advisor Cl** | **PIMCO VIT All Asset, Advisor Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 22865 | $2.11 | to | $1.30 | $44867 | 6.26% | 0.55% | to | 1.90% | 3.00% | to | 1.62% |
| 2023 | 26172 | $2.04 | to | $1.28 | $50062 | 2.82% | 0.55% | to | 1.90% | 7.43% | to | 5.98% |
| 2022 | 28886 | $1.90 | to | $1.21 | $51711 | 7.56% | 0.55% | to | 1.90% | (12.35%) | to | (13.53%) |
| 2021 | 28910 | $2.17 | to | $1.40 | $59799 | 10.91% | 0.55% | to | 1.90% | 15.41% | to | 13.86% |
| 2020 | 32326 | $1.88 | to | $1.23 | $58128 | 4.85% | 0.55% | to | 1.90% | 7.32% | to | 5.88% |
|  **PIMCO VIT Glb Man As Alloc, Adv Cl** | **PIMCO VIT Glb Man As Alloc, Adv Cl** | **PIMCO VIT Glb Man As Alloc, Adv Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 3611 | $1.63 | to | $1.37 | $5518 | 3.40% | 0.55% | to | 1.90% | 10.14% | to | 8.66% |
| 2023 | 3886 | $1.48 | to | $1.26 | $5409 | 2.10% | 0.55% | to | 1.90% | 12.25% | to | 10.73% |
| 2022 | 4495 | $1.32 | to | $1.14 | $5605 | 1.90% | 0.55% | to | 1.90% | (18.84%) | to | (19.93%) |
| 2021 | 4798 | $1.63 | to | $1.43 | $7409 | 2.38% | 0.55% | to | 1.90% | 11.99% | to | 10.47% |
| 2020 | 4148 | $1.45 | to | $1.29 | $5747 | 7.83% | 0.55% | to | 1.90% | 16.08% | to | 14.51% |

---

---

| | |
|:---|:---|
| **146** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units**<br> **(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **PIMCO VIT Tot Return, Advisor Cl** | **PIMCO VIT Tot Return, Advisor Cl** | **PIMCO VIT Tot Return, Advisor Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 67842 | $1.09 | to | $0.93 | $70000 | 3.92% | 0.55% | to | 1.90% | 1.87% | to | 0.50% |
| 2023 | 59225 | $1.07 | to | $0.93 | $60236 | 3.48% | 0.55% | to | 1.90% | 5.25% | to | 3.84% |
| 2022 | 54369 | $1.02 | to | $0.89 | $52773 | 2.52% | 0.55% | to | 1.90% | (14.85%) | to | (15.99%) |
| 2021 | 56072 | $1.19 | to | $1.06 | $64182 | 1.72% | 0.55% | to | 1.90% | (1.91%) | to | (3.22%) |
| 2020 | 54942 | $1.22 | to | $1.10 | $64444 | 1.99% | 0.55% | to | 1.90% | 7.94% | to | 6.50% |
|  **Put VT Global Hlth Care, Cl IB** | **Put VT Global Hlth Care, Cl IB** | **Put VT Global Hlth Care, Cl IB** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 6586 | $4.95 | to | $1.09 | $23746 | 0.46% | 0.55% | to | 1.55% | 0.87% | to | (0.16%) |
| 2023 | 6060 | $4.91 | to | $1.09 | $24465 | 0.30% | 0.55% | to | 1.55% | 8.54% | to | 7.47% |
| 2022 | 5652 | $4.52 | to | $1.01 | $23143 | 0.41% | 0.55% | to | 1.55% | (5.19%) | to | 2.06%<sup>(7)</sup> |
| 2021 | 5821 | $4.77 | to | $4.35 | $26302 | 1.11% | 0.55% | to | 1.20% | 18.75% | to | 17.98% |
| 2020 | 6500 | $4.01 | to | $3.69 | $24820 | 0.48% | 0.55% | to | 1.20% | 15.64% | to | 14.89% |
|  **Put VT Intl Eq, Cl IB** | **Put VT Intl Eq, Cl IB** | **Put VT Intl Eq, Cl IB** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 4328 | $2.39 | to | $2.26 | $9747 | 2.13% | 0.55% | to | 1.20% | 2.40% | to | 1.74% |
| 2023 | 4622 | $2.33 | to | $2.22 | $10188 | 0.04% | 0.55% | to | 1.20% | 17.86% | to | 17.10% |
| 2022 | 4961 | $1.98 | to | $1.89 | $9303 | 1.58% | 0.55% | to | 1.20% | (15.23%) | to | (15.78%) |
| 2021 | 5340 | $2.33 | to | $2.25 | $11852 | 1.17% | 0.55% | to | 1.20% | 8.22% | to | 7.52% |
| 2020 | 5740 | $2.16 | to | $2.09 | $11820 | 1.62% | 0.55% | to | 1.20% | 11.48% | to | 10.76% |
|  **Put VT Intl Val, Cl IB** | **Put VT Intl Val, Cl IB** | **Put VT Intl Val, Cl IB** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 3282 | $1.25 | to | $1.22 | $4074 | 2.16% | 0.65% | to | 1.55% | 4.52% | to | 3.59% |
| 2023 | 2141 | $1.20 | to | $1.18 | $2552 | 0.83% | 0.65% | to | 1.55% | 17.91% | to | 16.87% |
| 2022 | 270 | $1.02 | to | $1.01 | $275 |  | 0.65% | to | 1.55% | 1.80%<sup>(7)</sup> | to | 1.19%<sup>(7)</sup> |
|  **Put VT Lg Cap Val, Cl IB** | **Put VT Lg Cap Val, Cl IB** | **Put VT Lg Cap Val, Cl IB** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 12873 | $1.37 | to | $1.34 | $17488 | 0.89% | 0.65% | to | 1.55% | 18.37% | to | 17.29% |
| 2023 | 6203 | $1.16 | to | $1.14 | $7147 | 1.44% | 0.65% | to | 1.55% | 14.92% | to | 13.90% |
| 2022 | 1744 | $1.01 | to | $1.00 | $1756 |  | 0.65% | to | 1.55% | 0.54%<sup>(7)</sup> | to | (0.06%)<sup>(7)</sup> |
|  **Put VT Sus Fut, Cl IB** | **Put VT Sus Fut, Cl IB** | **Put VT Sus Fut, Cl IB** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 2003 | $1.28 | to | $1.25 | $2545 |  | 0.65% | to | 1.55% | 14.14% | to | 13.11% |
| 2023 | 1495 | $1.12 | to | $1.10 | $1671 |  | 0.65% | to | 1.55% | 27.69% | to | 26.55% |
| 2022 | 29 | $0.88 | to | $0.87 | $27 |  | 0.65% | to | 1.55% | (12.79%)<sup>(7)</sup> | to | (13.31%)<sup>(7)</sup> |
|  **Put VT Sus Leaders, Cl IA** | **Put VT Sus Leaders, Cl IA** | **Put VT Sus Leaders, Cl IA** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 10942 | $7.74 | to | $7.74 | $85174 | 0.38% | 1.25% | to | 1.25% | 21.79% | to | 21.79% |
| 2023 | 12137 | $6.35 | to | $6.35 | $77572 | 0.75% | 1.25% | to | 1.25% | 24.85% | to | 24.85% |
| 2022 | 13260 | $5.09 | to | $5.09 | $67887 | 0.84% | 1.25% | to | 1.25% | (23.68%) | to | (23.68%) |
| 2021 | 14649 | $6.67 | to | $6.67 | $98211 | 0.34% | 1.25% | to | 1.25% | 22.30% | to | 22.30% |
| 2020 | 15847 | $5.45 | to | $5.45 | $86886 | 0.63% | 1.25% | to | 1.25% | 27.46% | to | 27.46% |
|  **Put VT Sus Leaders, Cl IB** | **Put VT Sus Leaders, Cl IB** | **Put VT Sus Leaders, Cl IB** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 8345 | $6.38 | to | $1.39 | $38596 | 0.20% | 0.55% | to | 1.55% | 22.34% | to | 21.12% |
| 2023 | 8858 | $5.22 | to | $1.15 | $35481 | 0.51% | 0.55% | to | 1.55% | 25.42% | to | 24.17% |
| 2022 | 7392 | $4.16 | to | $0.93 | $29066 | 0.55% | 0.55% | to | 1.55% | (23.33%) | to | (7.80%)<sup>(7)</sup> |
| 2021 | 7904 | $5.43 | to | $5.04 | $41649 | 0.14% | 0.55% | to | 1.20% | 22.86% | to | 22.06% |
| 2020 | 8424 | $4.42 | to | $4.13 | $36224 | 0.42% | 0.55% | to | 1.20% | 28.19% | to | 27.36% |
|  **Royce Micro-Cap, Invest Cl** | **Royce Micro-Cap, Invest Cl** | **Royce Micro-Cap, Invest Cl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 1358 | $8.35 | to | $7.54 | $10610 |  | 0.55% | to | 0.95% | 13.04% | to | 12.59% |
| 2023 | 1549 | $7.38 | to | $6.70 | $10731 |  | 0.55% | to | 0.95% | 18.13% | to | 17.66% |
| 2022 | 1702 | $6.25 | to | $5.69 | $10011 |  | 0.55% | to | 0.95% | (22.86%) | to | (23.17%) |
| 2021 | 1881 | $8.10 | to | $7.41 | $14415 |  | 0.55% | to | 0.95% | 29.27% | to | 28.75% |
| 2020 | 2174 | $6.27 | to | $5.76 | $12923 |  | 0.55% | to | 0.95% | 23.12% | to | 22.62% |
|  **Temp Global Bond, Cl 2** | **Temp Global Bond, Cl 2** | **Temp Global Bond, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 18021 | $0.77 | to | $0.65 | $13063 |  | 0.55% | to | 1.90% | (11.86%) | to | (13.05%) |
| 2023 | 21204 | $0.87 | to | $0.75 | $17502 |  | 0.55% | to | 1.90% | 2.32% | to | 0.95% |
| 2022 | 25466 | $0.85 | to | $0.75 | $20671 |  | 0.55% | to | 1.90% | (5.47%) | to | (6.74%) |
| 2021 | 28021 | $0.90 | to | $0.80 | $24169 |  | 0.55% | to | 1.90% | (5.51%) | to | (6.78%) |
| 2020 | 29605 | $0.95 | to | $0.86 | $27164 | 8.50% | 0.55% | to | 1.90% | (5.80%) | to | (7.07%) |

---

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **147** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units**<br> **(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **Third Ave VST Third Ave Value** | **Third Ave VST Third Ave Value** | **Third Ave VST Third Ave Value** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 1724 | $5.74 | to | $5.18 | $9341 | 2.47% | 0.55% | to | 0.95% | (2.81%) | to | (3.20%) |
| 2023 | 1993 | $5.90 | to | $5.35 | $11135 | 2.34% | 0.55% | to | 0.95% | 20.15% | to | 19.67% |
| 2022 | 2166 | $4.91 | to | $4.47 | $10107 | 1.49% | 0.55% | to | 0.95% | 15.47% | to | 15.01% |
| 2021 | 2361 | $4.25 | to | $3.89 | $9570 | 0.69% | 0.55% | to | 0.95% | 21.39% | to | 20.91% |
| 2020 | 2673 | $3.50 | to | $3.22 | $8951 | 2.67% | 0.55% | to | 0.95% | (2.93%) | to | (3.32%) |
|  **VanEck VIP Global Gold, Cl S** | **VanEck VIP Global Gold, Cl S** | **VanEck VIP Global Gold, Cl S** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 26810 | $1.30 | to | $1.11 | $32803 | 2.98% | 0.55% | to | 1.90% | 13.78% | to | 12.25% |
| 2023 | 27682 | $1.14 | to | $0.99 | $29906 |  | 0.55% | to | 1.90% | 9.80% | to | 8.34% |
| 2022 | 28070 | $1.04 | to | $0.91 | $27791 |  | 0.55% | to | 1.90% | (13.83%) | to | (14.99%) |
| 2021 | 26221 | $1.21 | to | $1.07 | $30258 | 11.86% | 0.55% | to | 1.90% | (14.48%) | to | (15.63%) |
| 2020 | 24609 | $1.41 | to | $1.27 | $33396 | 2.86% | 0.55% | to | 1.90% | 37.87% | to | 36.02% |
|  **VP Aggr, Cl 2** | **VP Aggr, Cl 2** | **VP Aggr, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 291232 | $2.94 | to | $2.08 | $791147 |  | 0.55% | to | 1.90% | 12.57% | to | 11.06% |
| 2023 | 323688 | $2.61 | to | $1.87 | $789147 |  | 0.55% | to | 1.90% | 16.58% | to | 15.02% |
| 2022 | 353190 | $2.24 | to | $1.63 | $745332 |  | 0.55% | to | 1.90% | (18.63%) | to | (19.72%) |
| 2021 | 379327 | $2.75 | to | $2.03 | $993245 |  | 0.55% | to | 1.90% | 15.12% | to | 13.58% |
| 2020 | 447140 | $2.39 | to | $1.79 | $1022254 |  | 0.55% | to | 1.90% | 14.36% | to | 12.82% |
|  **VP Aggr, Cl 4** | **VP Aggr, Cl 4** | **VP Aggr, Cl 4** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 151299 | $2.94 | to | $2.57 | $421014 |  | 0.55% | to | 1.45% | 12.59% | to | 11.58% |
| 2023 | 173886 | $2.61 | to | $2.31 | $431464 |  | 0.55% | to | 1.45% | 16.55% | to | 15.51% |
| 2022 | 195567 | $2.24 | to | $2.00 | $417888 |  | 0.55% | to | 1.45% | (18.64%) | to | (19.36%) |
| 2021 | 212647 | $2.75 | to | $2.48 | $560596 |  | 0.55% | to | 1.45% | 15.14% | to | 14.11% |
| 2020 | 244947 | $2.39 | to | $2.17 | $563163 |  | 0.55% | to | 1.45% | 14.33% | to | 13.30% |
|  **VP Conserv, Cl 2** | **VP Conserv, Cl 2** | **VP Conserv, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 296587 | $1.48 | to | $1.12 | $410773 |  | 0.55% | to | 1.90% | 3.85% | to | 2.45% |
| 2023 | 327628 | $1.43 | to | $1.10 | $438602 |  | 0.55% | to | 1.90% | 7.87% | to | 6.43% |
| 2022 | 364058 | $1.32 | to | $1.03 | $453757 |  | 0.55% | to | 1.90% | (16.01%) | to | (17.13%) |
| 2021 | 386140 | $1.57 | to | $1.24 | $575776 |  | 0.55% | to | 1.90% | 2.25% | to | 0.88% |
| 2020 | 444639 | $1.54 | to | $1.23 | $651949 |  | 0.55% | to | 1.90% | 8.70% | to | 7.25% |
|  **VP Conserv, Cl 4** | **VP Conserv, Cl 4** | **VP Conserv, Cl 4** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 186069 | $1.48 | to | $1.30 | $259183 |  | 0.55% | to | 1.45% | 3.91% | to | 2.98% |
| 2023 | 215364 | $1.43 | to | $1.26 | $289935 |  | 0.55% | to | 1.45% | 7.80% | to | 6.84% |
| 2022 | 246692 | $1.32 | to | $1.18 | $309416 |  | 0.55% | to | 1.45% | (15.96%) | to | (16.71%) |
| 2021 | 279904 | $1.57 | to | $1.42 | $419557 |  | 0.55% | to | 1.45% | 2.25% | to | 1.34% |
| 2020 | 345597 | $1.54 | to | $1.40 | $508729 |  | 0.55% | to | 1.45% | 8.64% | to | 7.66% |
|  **VP Man Risk, Cl 2** | **VP Man Risk, Cl 2** | **VP Man Risk, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 180267 | $1.33 | to | $1.20 | $231905 |  | 0.55% | to | 1.90% | 8.81% | to | 7.35% |
| 2023 | 195838 | $1.22 | to | $1.12 | $232534 |  | 0.55% | to | 1.90% | 11.64% | to | 10.15% |
| 2022 | 196286 | $1.09 | to | $1.02 | $209643 |  | 0.55% | to | 1.90% | (17.84%) | to | (18.94%) |
| 2021 | 203989 | $1.33 | to | $1.25 | $266275 |  | 0.55% | to | 1.90% | 10.12% | to | 8.64% |
| 2020 | 185210 | $1.21 | to | $1.16 | $220500 |  | 0.55% | to | 1.90% | 7.20% | to | 5.76% |
|  **VP Man Risk US, Cl 2** | **VP Man Risk US, Cl 2** | **VP Man Risk US, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 256473 | $1.51 | to | $1.37 | $375871 |  | 0.55% | to | 1.90% | 11.09% | to | 9.59% |
| 2023 | 276365 | $1.36 | to | $1.25 | $366203 |  | 0.55% | to | 1.90% | 13.92% | to | 12.39% |
| 2022 | 289531 | $1.19 | to | $1.11 | $338221 |  | 0.55% | to | 1.90% | (17.67%) | to | (18.77%) |
| 2021 | 246733 | $1.45 | to | $1.37 | $351655 |  | 0.55% | to | 1.90% | 12.72% | to | 11.21% |
| 2020 | 207706 | $1.29 | to | $1.23 | $263829 |  | 0.55% | to | 1.90% | 9.19% | to | 7.72% |
|  **VP Man Vol Conserv, Cl 2** | **VP Man Vol Conserv, Cl 2** | **VP Man Vol Conserv, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 431746 | $1.24 | to | $1.07 | $512434 |  | 0.55% | to | 1.90% | 3.74% | to | 2.34% |
| 2023 | 458306 | $1.19 | to | $1.04 | $526283 |  | 0.55% | to | 1.90% | 7.28% | to | 5.84% |
| 2022 | 510679 | $1.11 | to | $0.99 | $548639 |  | 0.55% | to | 1.90% | (16.45%) | to | (17.57%) |
| 2021 | 529357 | $1.33 | to | $1.20 | $683876 |  | 0.55% | to | 1.90% | 2.06% | to | 0.69% |
| 2020 | 649932 | $1.30 | to | $1.19 | $826131 |  | 0.55% | to | 1.90% | 7.53% | to | 6.09% |

---

---

| | |
|:---|:---|
| **148** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units**<br> **(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **VP Man Vol Conserv Gro, Cl 2** | **VP Man Vol Conserv Gro, Cl 2** | **VP Man Vol Conserv Gro, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 772013 | $1.37 | to | $1.21 | $1038610 |  | 0.55% | to | 1.90% | 6.22% | to | 4.78% |
| 2023 | 854946 | $1.29 | to | $1.16 | $1086575 |  | 0.55% | to | 1.90% | 9.37% | to | 7.91% |
| 2022 | 938364 | $1.18 | to | $1.07 | $1094441 |  | 0.55% | to | 1.90% | (17.52%) | to | (18.62%) |
| 2021 | 1036906 | $1.43 | to | $1.32 | $1472908 |  | 0.55% | to | 1.90% | 4.88% | to | 3.47% |
| 2020 | 1128542 | $1.37 | to | $1.27 | $1535498 |  | 0.55% | to | 1.90% | 8.55% | to | 7.10% |
|  **VP Man Vol Gro, Cl 2** | **VP Man Vol Gro, Cl 2** | **VP Man Vol Gro, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 6028853 | $1.68 | to | $1.56 | $10374473 |  | 0.55% | to | 1.90% | 11.36% | to | 9.86% |
| 2023 | 6709472 | $1.51 | to | $1.42 | $10404577 |  | 0.55% | to | 1.90% | 13.96% | to | 12.44% |
| 2022 | 7214937 | $1.32 | to | $1.26 | $9852364 |  | 0.55% | to | 1.90% | (19.87%) | to | (20.94%) |
| 2021 | 7665951 | $1.65 | to | $1.59 | $13115191 |  | 0.55% | to | 1.90% | 11.28% | to | 9.79% |
| 2020 | 7572902 | $1.48 | to | $1.45 | $11679063 |  | 0.55% | to | 1.90% | 10.69% | to | 9.20% |
|  **VP Man Vol Mod Gro, Cl 2** | **VP Man Vol Mod Gro, Cl 2** | **VP Man Vol Mod Gro, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 6634278 | $1.53 | to | $1.47 | $10776992 |  | 0.55% | to | 1.90% | 8.81% | to | 7.34% |
| 2023 | 7556338 | $1.41 | to | $1.37 | $11297787 |  | 0.55% | to | 1.90% | 11.66% | to | 10.16% |
| 2022 | 8355742 | $1.26 | to | $1.24 | $11208244 |  | 0.55% | to | 1.90% | (18.60%) | to | (19.69%) |
| 2021 | 9058517 | $1.55 | to | $1.55 | $14986546 |  | 0.55% | to | 1.90% | 8.10% | to | 6.65% |
| 2020 | 9435051 | $1.43 | to | $1.45 | $14491911 |  | 0.55% | to | 1.90% | 9.77% | to | 8.30% |
|  **VP Mod, Cl 2** | **VP Mod, Cl 2** | **VP Mod, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 3167397 | $2.15 | to | $1.56 | $6385038 |  | 0.55% | to | 1.90% | 8.12% | to | 6.66% |
| 2023 | 3490897 | $1.99 | to | $1.46 | $6534930 |  | 0.55% | to | 1.90% | 12.34% | to | 10.84% |
| 2022 | 3731168 | $1.77 | to | $1.32 | $6245287 |  | 0.55% | to | 1.90% | (17.06%) | to | (18.18%) |
| 2021 | 3901973 | $2.13 | to | $1.61 | $7909032 |  | 0.55% | to | 1.90% | 8.41% | to | 6.95% |
| 2020 | 3989791 | $1.97 | to | $1.50 | $7493232 |  | 0.55% | to | 1.90% | 12.25% | to | 10.74% |
|  **VP Mod, Cl 4** | **VP Mod, Cl 4** | **VP Mod, Cl 4** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 2304588 | $2.15 | to | $1.89 | $4683191 |  | 0.55% | to | 1.45% | 8.11% | to | 7.14% |
| 2023 | 2620111 | $1.99 | to | $1.76 | $4944759 |  | 0.55% | to | 1.45% | 12.32% | to | 11.32% |
| 2022 | 2930322 | $1.77 | to | $1.58 | $4942959 |  | 0.55% | to | 1.45% | (17.04%) | to | (17.78%) |
| 2021 | 3257133 | $2.14 | to | $1.92 | $6649080 |  | 0.55% | to | 1.45% | 8.45% | to | 7.47% |
| 2020 | 3634891 | $1.97 | to | $1.79 | $6870098 |  | 0.55% | to | 1.45% | 12.17% | to | 11.17% |
|  **VP Mod Aggr, Cl 2** | **VP Mod Aggr, Cl 2** | **VP Mod Aggr, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 867014 | $2.51 | to | $1.79 | $2036640 |  | 0.55% | to | 1.90% | 10.39% | to | 8.90% |
| 2023 | 990336 | $2.28 | to | $1.65 | $2117397 |  | 0.55% | to | 1.90% | 14.31% | to | 12.78% |
| 2022 | 1127206 | $1.99 | to | $1.46 | $2119616 |  | 0.55% | to | 1.90% | (18.04%) | to | (19.14%) |
| 2021 | 1295509 | $2.43 | to | $1.80 | $2993307 |  | 0.55% | to | 1.90% | 11.69% | to | 10.19% |
| 2020 | 1529551 | $2.18 | to | $1.64 | $3180301 |  | 0.55% | to | 1.90% | 13.41% | to | 11.89% |
|  **VP Mod Aggr, Cl 4** | **VP Mod Aggr, Cl 4** | **VP Mod Aggr, Cl 4** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 522434 | $2.52 | to | $2.20 | $1243730 |  | 0.55% | to | 1.45% | 10.37% | to | 9.37% |
| 2023 | 603948 | $2.28 | to | $2.02 | $1308145 |  | 0.55% | to | 1.45% | 14.28% | to | 13.26% |
| 2022 | 689542 | $2.00 | to | $1.78 | $1312157 |  | 0.55% | to | 1.45% | (18.02%) | to | (18.75%) |
| 2021 | 783176 | $2.43 | to | $2.19 | $1824824 |  | 0.55% | to | 1.45% | 11.72% | to | 10.72% |
| 2020 | 903028 | $2.18 | to | $1.98 | $1890515 |  | 0.55% | to | 1.45% | 13.39% | to | 12.37% |
|  **VP Mod Conserv, Cl 2** | **VP Mod Conserv, Cl 2** | **VP Mod Conserv, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 579639 | $1.78 | to | $1.31 | $962902 |  | 0.55% | to | 1.90% | 5.82% | to | 4.40% |
| 2023 | 648002 | $1.68 | to | $1.26 | $1021214 |  | 0.55% | to | 1.90% | 9.90% | to | 8.43% |
| 2022 | 712621 | $1.53 | to | $1.16 | $1025805 |  | 0.55% | to | 1.90% | (16.55%) | to | (17.66%) |
| 2021 | 787086 | $1.83 | to | $1.41 | $1363432 |  | 0.55% | to | 1.90% | 5.16% | to | 3.75% |
| 2020 | 848396 | $1.74 | to | $1.36 | $1404346 |  | 0.55% | to | 1.90% | 10.40% | to | 8.92% |
|  **VP Mod Conserv, Cl 4** | **VP Mod Conserv, Cl 4** | **VP Mod Conserv, Cl 4** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 437246 | $1.78 | to | $1.56 | $732042 |  | 0.55% | to | 1.45% | 5.81% | to | 4.86% |
| 2023 | 508546 | $1.68 | to | $1.49 | $807957 |  | 0.55% | to | 1.45% | 9.88% | to | 8.90% |
| 2022 | 581044 | $1.53 | to | $1.36 | $843640 |  | 0.55% | to | 1.45% | (16.56%) | to | (17.31%) |
| 2021 | 665339 | $1.83 | to | $1.65 | $1162608 |  | 0.55% | to | 1.45% | 5.21% | to | 4.26% |
| 2020 | 755456 | $1.74 | to | $1.58 | $1259908 |  | 0.55% | to | 1.45% | 10.38% | to | 9.39% |

---

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| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **149** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units**<br> **(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** | **Total return**<br> **lowest to highest<sup>(1)(4)</sup>** |
|  **VP Ptnrs Core Bond, Cl 2** | **VP Ptnrs Core Bond, Cl 2** | **VP Ptnrs Core Bond, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 16420 | $1.12 | to | $0.95 | $18541 | 3.47% | 0.60% | to | 1.90% | 1.41% | to | 0.09% |
| 2023 | 14110 | $1.11 | to | $0.95 | $15773 | 2.55% | 0.60% | to | 1.90% | 5.42% | to | 4.07% |
| 2022 | 12423 | $1.05 | to | $0.91 | $13252 | 1.45% | 0.60% | to | 1.90% | (14.11%) | to | (15.22%) |
| 2021 | 11968 | $1.22 | to | $1.08 | $14907 | 1.16% | 0.60% | to | 1.90% | (2.01%) | to | (3.26%) |
| 2020 | 11429 | $1.25 | to | $1.11 | $14577 | 1.88% | 0.60% | to | 1.90% | 7.33% | to | 5.94% |
|  **VP Ptnrs Core Eq, Cl 2** | **VP Ptnrs Core Eq, Cl 2** | **VP Ptnrs Core Eq, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 2989 | $3.85 | to | $3.29 | $13035 |  | 0.60% | to | 1.90% | 22.36% | to | 20.77% |
| 2023 | 3211 | $3.14 | to | $2.72 | $11488 |  | 0.60% | to | 1.90% | 23.69% | to | 22.10% |
| 2022 | 3470 | $2.54 | to | $2.23 | $10090 |  | 0.60% | to | 1.90% | (18.05%) | to | (19.10%) |
| 2021 | 3521 | $3.10 | to | $2.75 | $12507 |  | 0.60% | to | 1.90% | 28.41% | to | 26.75% |
| 2020 | 3800 | $2.42 | to | $2.17 | $10567 |  | 0.60% | to | 1.90% | 16.03% | to | 14.53% |
|  **VP Ptnrs Core Eq, Cl 3** | **VP Ptnrs Core Eq, Cl 3** | **VP Ptnrs Core Eq, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 4592 | $4.19 | to | $3.62 | $18107 |  | 0.55% | to | 1.45% | 22.58% | to | 21.48% |
| 2023 | 5663 | $3.41 | to | $2.98 | $18292 |  | 0.55% | to | 1.45% | 23.87% | to | 22.76% |
| 2022 | 6635 | $2.76 | to | $2.43 | $17356 |  | 0.55% | to | 1.45% | (17.89%) | to | (18.62%) |
| 2021 | 7412 | $3.36 | to | $2.98 | $23707 |  | 0.55% | to | 1.45% | 28.63% | to | 27.48% |
| 2020 | 8699 | $2.61 | to | $2.34 | $21712 |  | 0.55% | to | 1.45% | 16.20% | to | 15.16% |
|  **VP Ptnrs Intl Core Eq, Cl 2** | **VP Ptnrs Intl Core Eq, Cl 2** | **VP Ptnrs Intl Core Eq, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 12770 | $1.62 | to | $1.42 | $22017 | 1.07% | 0.60% | to | 1.90% | 4.95% | to | 3.59% |
| 2023 | 12129 | $1.55 | to | $1.37 | $20031 | 1.13% | 0.60% | to | 1.90% | 16.65% | to | 15.14% |
| 2022 | 10609 | $1.33 | to | $1.19 | $15090 | 1.68% | 0.60% | to | 1.90% | (20.12%) | to | (21.15%) |
| 2021 | 8261 | $1.66 | to | $1.51 | $14774 | 1.57% | 0.60% | to | 1.90% | 12.51% | to | 11.05% |
| 2020 | 5101 | $1.48 | to | $1.36 | $8115 | 0.22% | 0.60% | to | 1.90% | 10.29% | to | 8.88% |
|  **VP Ptnrs Intl Gro, Cl 2** | **VP Ptnrs Intl Gro, Cl 2** | **VP Ptnrs Intl Gro, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 18090 | $1.56 | to | $1.35 | $31174 | 0.46% | 0.60% | to | 1.90% | (2.00%) | to | (3.28%) |
| 2023 | 19142 | $1.59 | to | $1.39 | $33812 | 0.24% | 0.60% | to | 1.90% | 13.77% | to | 12.31% |
| 2022 | 20432 | $1.40 | to | $1.24 | $31851 |  | 0.60% | to | 1.90% | (27.31%) | to | (28.25%) |
| 2021 | 20542 | $1.93 | to | $1.73 | $44210 |  | 0.60% | to | 1.90% | 9.67% | to | 8.25% |
| 2020 | 18933 | $1.76 | to | $1.60 | $37314 | 0.09% | 0.60% | to | 1.90% | 21.57% | to | 20.00% |
|  **VP Ptnrs Intl Val, Cl 2** | **VP Ptnrs Intl Val, Cl 2** | **VP Ptnrs Intl Val, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 17300 | $1.42 | to | $1.26 | $24437 | 2.56% | 0.60% | to | 1.90% | 3.68% | to | 2.33% |
| 2023 | 17866 | $1.37 | to | $1.23 | $24465 | 1.94% | 0.60% | to | 1.90% | 16.27% | to | 14.77% |
| 2022 | 18872 | $1.18 | to | $1.07 | $22304 | 2.17% | 0.60% | to | 1.90% | (12.29%) | to | (13.41%) |
| 2021 | 17333 | $1.34 | to | $1.24 | $23456 | 1.93% | 0.60% | to | 1.90% | 10.98% | to | 9.53% |
| 2020 | 14868 | $1.21 | to | $1.13 | $18225 | 0.74% | 0.60% | to | 1.90% | (4.71%) | to | (5.94%) |
|  **VP Ptnrs Sm Cap Gro, Cl 2** | **VP Ptnrs Sm Cap Gro, Cl 2** | **VP Ptnrs Sm Cap Gro, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 6895 | $2.32 | to | $1.98 | $19636 |  | 0.60% | to | 1.90% | 17.99% | to | 16.46% |
| 2023 | 5906 | $1.97 | to | $1.70 | $15824 |  | 0.60% | to | 1.90% | 6.30% | to | 4.93% |
| 2022 | 5632 | $1.85 | to | $1.62 | $14256 |  | 0.60% | to | 1.90% | (29.55%) | to | (30.46%) |
| 2021 | 4587 | $2.63 | to | $2.33 | $16540 |  | 0.60% | to | 1.90% | 7.37% | to | 5.99% |
| 2020 | 3948 | $2.45 | to | $2.20 | $13307 |  | 0.60% | to | 1.90% | 37.61% | to | 35.83% |
|  **VP Ptnrs Sm Cap Val, Cl 2** | **VP Ptnrs Sm Cap Val, Cl 2** | **VP Ptnrs Sm Cap Val, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 4412 | $2.18 | to | $1.87 | $11351 |  | 0.60% | to | 1.90% | 7.05% | to | 5.67% |
| 2023 | 4597 | $2.04 | to | $1.77 | $11216 |  | 0.60% | to | 1.90% | 10.42% | to | 9.00% |
| 2022 | 4739 | $1.85 | to | $1.63 | $10581 |  | 0.60% | to | 1.90% | (13.68%) | to | (14.79%) |
| 2021 | 4206 | $2.14 | to | $1.91 | $10987 |  | 0.60% | to | 1.90% | 23.01% | to | 21.43% |
| 2020 | 3231 | $1.74 | to | $1.57 | $6905 |  | 0.60% | to | 1.90% | 3.36% | to | 2.03% |
|  **VP Ptnrs Sm Cap Val, Cl 3** | **VP Ptnrs Sm Cap Val, Cl 3** | **VP Ptnrs Sm Cap Val, Cl 3** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 10814 | $4.87 | to | $2.41 | $44446 |  | 0.55% | to | 1.45% | 7.23% | to | 6.27% |
| 2023 | 12365 | $4.54 | to | $2.27 | $47500 |  | 0.55% | to | 1.45% | 10.65% | to | 9.66% |
| 2022 | 13574 | $4.10 | to | $2.07 | $47332 |  | 0.55% | to | 1.45% | (13.54%) | to | (14.31%) |
| 2021 | 14915 | $4.75 | to | $2.42 | $60409 |  | 0.55% | to | 1.45% | 23.21% | to | 22.10% |
| 2020 | 17789 | $3.85 | to | $1.98 | $58544 |  | 0.55% | to | 1.45% | 3.55% | to | 2.62% |

---

---

| | |
|:---|:---|
| **150** | ∎ **RIVERSOURCE VARIABLE ACCOUNT 10** |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** | **For the year ended December 31** |
|  | **Units<br>(000s)** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Accumulation unit value<br>lowest to highest<sup>(1)</sup>** | **Net assets<br>(000s)** | **Investment<br>income ratio<sup>(2)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Expense ratio<br>lowest to highest<sup>(3)</sup>** | **Total return lowest**<br> **to highest<sup>(1)(4)</sup>** | **Total return lowest**<br> **to highest<sup>(1)(4)</sup>** | **Total return lowest**<br> **to highest<sup>(1)(4)</sup>** |
|  **VP US Flex Conserv Gro, Cl 2** | **VP US Flex Conserv Gro, Cl 2** | **VP US Flex Conserv Gro, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 227809 | $1.29 | to | $1.24 | $304818 |  | 0.55% | to | 1.90% | 8.81% | to | 7.34% |
| 2023 | 244360 | $1.18 | to | $1.16 | $301739 |  | 0.55% | to | 1.90% | 10.61% | to | 9.14% |
| 2022 | 252349 | $1.07 | to | $1.06 | $282912 |  | 0.55% | to | 1.90% | (17.19%) | to | (18.30%) |
| 2021 | 252398 | $1.29 | to | $1.30 | $343216 |  | 0.55% | to | 1.90% | 6.91% | to | 5.47% |
| 2020 | 298161 | $1.21 | to | $1.23 | $381005 |  | 0.55% | to | 1.90% | 5.29% | to | 3.88% |
|  **VP US Flex Gro, Cl 2** | **VP US Flex Gro, Cl 2** | **VP US Flex Gro, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 2318767 | $1.59 | to | $1.63 | $4077644 |  | 0.55% | to | 1.90% | 16.50% | to | 14.93% |
| 2023 | 2426805 | $1.37 | to | $1.42 | $3678128 |  | 0.55% | to | 1.90% | 16.16% | to | 14.61% |
| 2022 | 2536094 | $1.18 | to | $1.24 | $3322898 |  | 0.55% | to | 1.90% | (19.17%) | to | (20.26%) |
| 2021 | 2507111 | $1.45 | to | $1.55 | $4081955 |  | 0.55% | to | 1.90% | 14.87% | to | 13.32% |
| 2020 | 2383120 | $1.27 | to | $1.37 | $3392122 |  | 0.55% | to | 1.90% | 4.23% | to | 2.83% |
|  **VP US Flex Mod Gro, Cl 2** | **VP US Flex Mod Gro, Cl 2** | **VP US Flex Mod Gro, Cl 2** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 1270198 | $1.44 | to | $1.43 | $1959031 |  | 0.55% | to | 1.90% | 12.57% | to | 11.05% |
| 2023 | 1352692 | $1.28 | to | $1.29 | $1861012 |  | 0.55% | to | 1.90% | 13.24% | to | 11.73% |
| 2022 | 1428099 | $1.13 | to | $1.15 | $1742584 |  | 0.55% | to | 1.90% | (17.99%) | to | (19.09%) |
| 2021 | 1457022 | $1.38 | to | $1.43 | $2177512 |  | 0.55% | to | 1.90% | 10.86% | to | 9.38% |
| 2020 | 1429369 | $1.24 | to | $1.30 | $1935524 |  | 0.55% | to | 1.90% | 4.95% | to | 3.54% |
|  **Wanger Acorn** | **Wanger Acorn** | **Wanger Acorn** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 29224 | $6.87 | to | $1.24 | $157104 |  | 0.55% | to | 1.55% | 13.55% | to | 12.41% |
| 2023 | 32426 | $6.05 | to | $1.10 | $159429 |  | 0.55% | to | 1.55% | 21.07% | to | 19.87% |
| 2022 | 36060 | $5.00 | to | $0.92 | $147223 |  | 0.55% | to | 1.55% | (33.83%) | to | (9.83%)<sup>(7)</sup> |
| 2021 | 39685 | $7.55 | to | $3.70 | $246177 | 0.72% | 0.55% | to | 1.45% | 8.30% | to | 7.33% |
| 2020 | 45839 | $6.97 | to | $3.45 | $263234 |  | 0.55% | to | 1.45% | 23.55% | to | 22.44% |
|  **Wanger Intl** | **Wanger Intl** | **Wanger Intl** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 26765 | $4.07 | to | $0.93 | $84296 | 1.37% | 0.55% | to | 1.55% | (8.75%) | to | (9.67%) |
| 2023 | 30060 | $4.46 | to | $1.03 | $104635 | 0.31% | 0.55% | to | 1.55% | 16.32% | to | 15.16% |
| 2022 | 33274 | $3.83 | to | $0.90 | $100085 | 0.91% | 0.55% | to | 1.55% | (34.21%) | to | (9.03%)<sup>(7)</sup> |
| 2021 | 36342 | $5.82 | to | $2.73 | $166989 | 0.55% | 0.55% | to | 1.45% | 18.16% | to | 17.10% |
| 2020 | 41614 | $4.93 | to | $2.33 | $162608 | 2.05% | 0.55% | to | 1.45% | 13.74% | to | 12.72% |
|  **WA Var Global Hi Yd Bond, Cl II** | **WA Var Global Hi Yd Bond, Cl II** | **WA Var Global Hi Yd Bond, Cl II** |  |  |  |  |  |  |  |  |  |  |
| 2024 | 10347 | $1.32 | to | $1.13 | $12853 | 6.10% | 0.55% | to | 1.90% | 6.12% | to | 4.68% |
| 2023 | 9036 | $1.25 | to | $1.08 | $10681 | 4.99% | 0.55% | to | 1.90% | 9.35% | to | 7.89% |
| 2022 | 9922 | $1.14 | to | $1.00 | $10760 | 6.23% | 0.55% | to | 1.90% | (14.35%) | to | (15.49%) |
| 2021 | 9903 | $1.33 | to | $1.18 | $12619 | 4.22% | 0.55% | to | 1.90% | 0.49% | to | (0.86%) |
| 2020 | 8499 | $1.33 | to | $1.19 | $10857 | 3.76% | 0.55% | to | 1.90% | 6.53% | to | 5.11% |

---

 <sup>(1)</sup> The accumulation unit values and total returns are presented as a range of values based on the variable annuity contracts with the lowest and highest expense ratios. 

 <sup>(2)</sup> These amounts represent the dividends, excluding distributions of capital gains, received by the division from the underlying fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude variable account expenses that result in direct reductions in the unit values. The recognition of investment income by the division is affected by the timing of the declaration of dividends by the underlying fund in which the division invests. These ratios are annualized for periods less than one year. 

 <sup>(3)</sup> These ratios represent the annualized contract expenses of the separate account, consisting primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying fund are excluded. 

 <sup>(4)</sup> These amounts represent the total return for the periods indicated, including changes in the value of the underlying fund, and reflect deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for the period indicated or from the effective date through the end of the reporting period. Although the total return is presented as a range of values based on the subaccounts representing the lowest and highest expense ratios, some individual subaccount total returns are not within the ranges presented due to the introduction of new subaccounts during the year and other market factors. 

<sup>(5)</sup> New subaccount operations commenced on April 24, 2020.

<sup>(6)</sup> New subaccount operations commenced on May 3, 2021.

<sup>(7)</sup> New subaccount operations commenced on May 2, 2022.

<sup>(8)</sup> New subaccount operations commenced on April 28, 2023.

<sup>(9)</sup> New subaccount operations commenced on April 26, 2024.

---

| | |
|:---|:---|
| **RIVERSOURCE VARIABLE ACCOUNT 10**∎ | **151** |

---

------

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

**TO THE BOARD OF DIRECTORS AND SHAREHOLDER OF** 

**RIVERSOURCE LIFE INSURANCE COMPANY** 

***Opinion on the Financial Statements***

We have audited the accompanying consolidated balance sheets of RiverSource Life Insurance Company and its subsidiaries (the "Company") as of December 31, 2024 and 2023, and the related consolidated statements of income, of comprehensive income, of shareholder's equity and of cash flows for each of the three years in the period ended December 31, 2024, including the related notes (collectively referred to as the "consolidated financial statements"). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024 in conformity with accounting principles generally accepted in the United States of America.

***Basis for Opinion***

These consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these consolidated financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

***Critical Audit Matters***

The critical audit matter communicated below is a matter arising from the current period audit of the consolidated financial statements that was communicated or required to be communicated to the audit committee and that (i) relates to accounts or disclosures that are material to the consolidated financial statements and (ii) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.

*Valuation of market risk benefits* 

As described in Notes 2 and 12 to the consolidated financial statements, market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to

**F-153** 

------

other-than-nominal capital market risk. Market risk benefits include certain contract features on variable annuity products that provide minimum guarantees to contractholders. Market risk benefits are measured at fair value, at the individual contract level, using a non-option-based valuation approach or an option-based valuation approach, dependent upon the fee structure of the contract. The significant assumptions used by management to develop the fair value measurements of market risk benefits include utilization of guaranteed withdrawals, surrender rate, market volatility, nonperformance risk and mortality rate. As of December 31, 2024, the market risk benefits asset was $2,182 million and the market risk benefits liability was $1,263 million.

The principal considerations for our determination that performing procedures relating to the valuation of market risk benefits is a critical audit matter are (i) the significant judgment by management when developing the fair value estimate of the market risk benefits, (ii) a high degree of auditor judgment, subjectivity and effort in performing procedures and evaluating audit evidence related to management's significant assumptions related to utilization of guaranteed withdrawals, surrender rate, market volatility, nonperformance risk and mortality rate (collectively, the significant market risk benefit assumptions), and (iii) the audit effort involved the use of professionals with specialized skill and knowledge.

Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to market risk benefits, including controls over the reasonableness of the significant market risk benefit assumptions. These procedures also included, among others, (i) evaluating management's process for developing the fair value estimate of the market risk benefits, (ii) testing, on a sample basis, the completeness and accuracy of data used in the estimate, and (iii) the involvement of professionals with specialized skill and knowledge to assist in evaluating the reasonableness of the significant market risk benefit assumptions based on industry knowledge and data as well as historical Company data and experience, and the continued appropriateness of unchanged assumptions.

![LOGO](g34593price_sig.jpg)

Minneapolis, Minnesota

February 20, 2025

We have served as the Company's auditor since 2010.

**F-154** 

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*RiverSource Life Insurance Company* 

**CONSOLIDATED BALANCE SHEETS** 

**(in millions, except share amounts)** 

---

| | | |
|:---|:---|:---|
| **December 31,** | **2024** | **2023** |
| **Assets** |  |  |
|  Investments: |  |  |
|  Available-for-Sale: Fixed maturities, at fair value (amortized cost: 2024, $23,127; 2023, $19,871; allowance for credit losses: 2024, $1; 2023, $2) | $22259 | $19374 |
|  Mortgage loans, at amortized cost (allowance for credit losses: 2024, $10; 2023, $10) | 1797 | 1725 |
|  Policy loans | 982 | 912 |
|  Other investments (allowance for credit losses: 2024, nil; 2023, nil) | 115 | 165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total investments | 25153 | 22176 |
|  Investments of consolidated investment entities, at fair value | 2387 | 2099 |
|  Cash and cash equivalents | 2483 | 2598 |
|  Cash of consolidated investment entities, at fair value | 373 | 87 |
|  Market risk benefits | 2182 | 1427 |
|  Reinsurance recoverables (allowance for credit losses: 2024, $20; 2023, $27) | 4046 | 4284 |
|  Receivables | 6042 | 6702 |
|  Receivables of consolidated investment entities, at fair value | 31 | 28 |
|  Accrued investment income | 216 | 176 |
|  Deferred acquisition costs | 2661 | 2696 |
|  Other assets | 10482 | 6977 |
|  Other assets of consolidated investment entities, at fair value | 2 | 1 |
|  Separate account assets | 75576 | 74634 |
|  Total assets | $131634 | $123885 |
| **Liabilities and Shareholder's Equity** |  |  |
|  Liabilities: |  |  |
|  Policyholder account balances, future policy benefits and claims | $41863 | $37535 |
|  Market risk benefits | 1263 | 1762 |
|  Short-term borrowings | 201 | 201 |
|  Long-term debt | 500 | 500 |
|  Debt of consolidated investment entities, at fair value | 2429 | 2155 |
|  Other liabilities | 8298 | 5896 |
|  Other liabilities of consolidated investment entities, at fair value | 314 | 45 |
|  Separate account liabilities | 75576 | 74634 |
|  Total liabilities | 130444 | 122728 |
|  Shareholder's equity: |  |  |
|  Common stock, $30 par value; 100,000 shares authorized, issued and outstanding | 3 | 3 |
|  Additional paid-in capital | 2466 | 2466 |
|  Accumulated deficit | (400) | (618) |
|  Accumulated other comprehensive income (loss), net of tax | (879) | (694) |
|  Total shareholder's equity | 1190 | 1157 |
|  Total liabilities and shareholder's equity | $131634 | $123885 |

---

See Notes to Consolidated Financial Statements.

**F-155** 

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*RiverSource Life Insurance Company* 

**CONSOLIDATED STATEMENTS OF INCOME** 

**(in millions)** 

---

| | | | |
|:---|:---|:---|:---|
| **Years Ended December 31,** | **2024** | **2023** | **2022** |
| **Revenues** |  |  |  |
|  Premiums | $472 | $448 | $306 |
|  Net investment income | 1546 | 1304 | 827 |
|  Policy and contract charges | 2060 | 2020 | 2078 |
|  Other revenues | 578 | 590 | 644 |
|  Net realized investment gains (losses) | (81) | (70) | (100) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total revenues | 4575 | 4292 | 3755 |
| **Benefits and expenses** |  |  |  |
|  Benefits, claims, losses and settlement expenses | 1299 | 1348 | 236 |
|  Interest credited to fixed accounts | 616 | 654 | 665 |
|  Remeasurement (gains) losses of future policy benefit reserves | (44) | (20) | 1 |
|  Change in fair value of market risk benefits | 628 | 798 | 311 |
|  Amortization of deferred acquisition costs | 234 | 239 | 241 |
|  Interest and debt expense | 192 | 192 | 108 |
|  Other insurance and operating expenses | 729 | 697 | 682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total benefits and expenses | 3654 | 3908 | 2244 |
|  Pretax income (loss) | 921 | 384 | 1511 |
|  Income tax provision (benefit) | 103 | (10) | 209 |
|  Net income | $818 | $394 | $1302 |

---

See Notes to Consolidated Financial Statements.

**F-156** 

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*RiverSource Life Insurance Company* 

**CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME** 

**(in millions)** 

---

| | | | |
|:---|:---|:---|:---|
| **Years Ended December 31,** | **2024** | **2023** | **2022** |
|  Net income | $818 | $394 | $1302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income (loss), net of tax: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net unrealized gains (losses) on securities | (276) | 509 | (2035) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in discount rate assumptions on certain long-duration contracts | 153 | (54) | 861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in instrument-specific credit risk on market risk benefits | (62) | (65) | 407 |
|  Total other comprehensive income (loss), net of tax | (185) | 390 | (767) |
|  Total comprehensive income (loss) | $633 | $784 | $535 |

---

See Notes to Consolidated Financial Statements.

**F-157** 

------

*RiverSource Life Insurance Company* 

**CONSOLIDATED STATEMENTS OF SHAREHOLDER'S EQUITY** 

**(in millions)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Common<br>Shares** | **Additional<br>Paid-In<br>Capital** | **Retained<br>Earnings<br>(Deficit)** | **Accumulated Other<br>Comprehensive<br>Income (Loss)** | **Total** |
|  **Balances at January 1, 2022** | $3 | $2466 | $(1114) | $(317) | $1038 |
|  Net income |  |  | 1302 |  | 1302 |
|  Other comprehensive loss, net of tax |  |  |  | (767) | (767) |
|  Cash dividends to Ameriprise Financial, Inc. |  |  | (600) |  | (600) |
|  **Balances at December 31, 2022** | 3 | 2466 | (412) | (1084) | 973 |
|  Net income |  |  | 394 |  | 394 |
|  Other comprehensive income, net of tax |  |  |  | 390 | 390 |
|  Cash dividends to Ameriprise Financial, Inc. |  |  | (600) |  | (600) |
|  **Balances at December 31, 2023** | 3 | 2466 | (618) | (694) | 1157 |
|  Net income |  |  | 818 |  | 818 |
|  Other comprehensive loss, net of tax |  |  |  | (185) | (185) |
|  Cash dividends to Ameriprise Financial, Inc. |  |  | (600) |  | (600) |
|  Balances at December 31, 2024 | $3 | $2466 | $(400) | $(879) | $1190 |

---

See Notes to Consolidated Financial Statements.

**F-158** 

------

*RiverSource Life Insurance Company* 

**CONSOLIDATED STATEMENTS OF CASH FLOWS** 

**(in millions)** 

---

| | | | |
|:---|:---|:---|:---|
| **Years Ended December 31,** | **2024** | **2023** | **2022** |
| **Cash Flows from Operating Activities** |  |  |  |
|  Net income | $818 | $394 | $1302 |
|  Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation, amortization and accretion, net | (195) | (205) | (201) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred income tax (benefit) expense | 404 | 100 | 154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contractholder and policyholder charges, non-cash | (407) | (403) | (395) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss from equity method investments | 28 | 26 | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized investment (gains) losses | 12 | 46 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairments and provision for loan losses | (1) | (20) | 91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net losses (gains) of consolidated investment entities | (13) | 23 | 17 |
|  Changes in operating assets and liabilities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred acquisition costs | 35 | 63 | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policyholder account balances, future policy benefits and claims, and market risk benefits, net | 4238 | 3474 | 1013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivatives, net of collateral | (1669) | (666) | 311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reinsurance recoverables | 89 | 100 | 84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables | 291 | 333 | 279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued investment income | (40) | (31) | (21) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current income tax, net | (15) | (323) | 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other operating assets and liabilities of consolidated investment entities | 1 | (5) | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other, net | 92 | 134 | 136 |
|  **Net cash provided by (used in) operating activities** | 3668 | 3040 | 2951 |
| **Cash Flows from Investing Activities** |  |  |  |
|  Available-for-Sale securities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales | 1106 | 617 | 1309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maturities, sinking fund payments and calls | 1775 | 963 | 1563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases | (6039) | (4187) | (5600) |
|  Proceeds from sales, maturities and repayments of mortgage loans | 123 | 118 | 141 |
|  Funding of mortgage loans | (196) | (74) | (124) |
|  Proceeds from sales and collections of other investments | 34 | 29 | 24 |
|  Purchase of other investments | (14) | (15) | (46) |
|  Purchase of investments by consolidated investment entities | (1125) | (427) | (961) |
|  Proceeds from sales, maturities and repayments of investments by consolidated investment entities | 1117 | 643 | 615 |
|  Purchase of equipment and software | (10) | (10) | (13) |
|  Change in policy loans, net | (70) | (65) | (13) |
|  Cash paid for deposit receivable | (33) | (39) | (45) |
|  Cash received for deposit receivable | 592 | 774 | 550 |
|  Advance on line of credit to Ameriprise Financial, Inc. | (450) | (850) | (1034) |
|  Repayment from Ameriprise Financial, Inc. on line of credit | 450 | 850 | 1034 |
|  Cash paid for written options with deferred premiums | (57) | (59) | (619) |
|  Cash received from written options with deferred premiums | 22 | 43 | 204 |
|  Other, net | (1) | 25 | 21 |
|  **Net cash provided by (used in) investing activities** | (2776) | (1664) | (2994) |
| **Cash Flows from Financing Activities** |  |  |  |
|  Policyholder account balances: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits and other additions | 1470 | 1476 | 1169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net transfers from (to) separate accounts | (176) | (132) | (162) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrenders and other benefits | (1765) | (2102) | (1459) |
|  Proceeds from line of credit with Ameriprise Financial, Inc. | 3 |  |  |
|  Payments on line of credit with Ameriprise Financial, Inc. | (3) |  |  |
|  Cash paid for purchased options with deferred premiums | (148) | (53) | (197) |
|  Cash received for purchased options with deferred premiums | 229 | 251 | 378 |
|  Borrowings by consolidated investment entities | 1273 |  | 341 |
|  Repayments of debt by consolidated investment entities | (1004) | (275) | (4) |
|  Cash dividends to Ameriprise Financial, Inc. | (600) | (600) | (600) |
|  Net cash provided by (used in) financing activities | (721) | (1435) | (534) |
|  Net increase (decrease) in cash and cash equivalents | 171 | (59) | (577) |
|  Cash and cash equivalents at beginning of period | 2685 | 2744 | 3321 |
|  Cash and cash equivalents at end of period | $2856 | $2685 | $2744 |
|  Supplemental Disclosures: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income taxes paid (received), net | $(286) | $215 | $(17) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest paid excluding consolidated investment entities | 38 | 28 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest paid by consolidated investment entities | 176 | 177 | 75 |

---

See Notes to Consolidated Financial Statements.

**F-159** 

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*RiverSource Life Insurance Company* 

## NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
**1. NATURE OF BUSINESS AND BASIS OF PRESENTATION** 

RiverSource Life Insurance Company is a stock life insurance company with one wholly owned stock life insurance company subsidiary, RiverSource Life Insurance Co. of New York ("RiverSource Life of NY"). RiverSource Life Insurance Company is a wholly owned subsidiary of Ameriprise Financial, Inc. ("Ameriprise Financial").

• RiverSource Life Insurance Company is domiciled in Minnesota and holds Certificates of Authority in American
Samoa, the District of Columbia and all states except New York. RiverSource Life Insurance Company issues insurance and annuity products.

• RiverSource Life of NY is domiciled and holds a Certificate of Authority in New York. RiverSource Life of NY
issues insurance and annuity products.

RiverSource Life Insurance Company also wholly owns RiverSource Tax Advantaged Investments, Inc. ("RTA") and Columbia Cent CLO Advisors, LLC ("Columbia Cent"). RTA is a stock company domiciled in Delaware and is a limited partner in affordable housing partnership investments. Columbia Cent provides asset management services to collateralized loan obligations ("CLOs").

The accompanying Consolidated Financial Statements include the accounts of RiverSource Life Insurance Company and companies in which it directly or indirectly has a controlling financial interest and variable interest entities ("VIEs") in which it is the primary beneficiary (collectively, the "Company"). All intercompany transactions and balances have been eliminated in consolidation.

The accompanying Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles ("GAAP") which vary in certain respects from reporting practices prescribed or permitted by state insurance regulatory authorities as described in Note 16.

The Company evaluated events or transactions that occurred after the balance sheet date for potential recognition or disclosure through the date the financial statements were issued. No subsequent events or transactions requiring recognition or disclosure were identified.

The Company's operations constitute a single operating segment, and therefore a single reportable segment, as the chief operating decision maker ("CODM") manages the business activities using information of the Company as a whole. As its CODM, the Company's Chairman and President utilizes the Consolidated Statements of Income and its net income metric to allocate resources and assess performance of the Company. The accounting policies used to measure the profit and loss of the segment are the same as those described in Note 2.

The Company's principal products are variable annuities, structured variable annuities, universal life ("UL") insurance, including indexed universal life ("IUL") and variable universal life ("VUL") insurance, which are issued primarily to individuals. Waiver of premium and accidental death benefit riders are generally available with UL products, in addition to other benefit riders. Variable annuity contract purchasers can choose to add an optional guaranteed minimum death benefit ("GMDB") rider to their contract.

The Company also offers payout annuities, term life insurance and disability income ("DI") insurance.

The Company's business is sold through the advisor network of Ameriprise Financial Services, LLC ("AFS"), a subsidiary of Ameriprise Financial. RiverSource Distributors, Inc., a subsidiary of Ameriprise Financial, serves as the principal underwriter and distributor of variable annuity and life insurance products issued by the Company.

**2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** 

**Principles of Consolidation** 

A VIE is an entity that either has equity investors that lack certain essential characteristics of a controlling financial interest (including substantive voting rights, the obligation to absorb the entity's losses, or the rights to receive the entity's returns) or has equity investors that do not provide sufficient financial resources for the entity to support its activities.

Voting interest entities ("VOEs") are those entities that do not qualify as a VIE. The Company consolidates VOEs in which it holds a greater than 50% voting interest. The Company generally accounts for entities using the equity method when it holds a greater than 20% but less than 50% voting interest or when the Company exercises significant influence over the entity. All other investments that are not reported at fair value as trading or Available-for-Sale securities are accounted for using the measurement alternative method when the Company owns less than a 20% voting interest and does not exercise significant influence. Under the measurement alternative, the investment is recorded at the cost basis, less impairments, if any, plus or minus observable price changes of identical or similar investments of the same issuer.

**F-160** 

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*RiverSource Life Insurance Company* 

A VIE is consolidated by the reporting entity that determines it has both:

• the power to direct the activities of the VIE that most significantly impact the VIE's economic
performance; and

• the obligation to absorb potentially significant losses or the right to receive potentially significant benefits
to the VIE.

All VIEs are assessed for consolidation under this framework. When evaluating entities for consolidation, the Company considers its contractual rights in determining whether it has the power to direct the activities of the VIE that most significantly impact the VIE's economic performance. In determining whether the Company has this power, it considers whether it is acting in a role that enables it to direct the activities that most significantly impact the economic performance of an entity or if it is acting in an agent role.

In determining whether the Company has the obligation to absorb potential significant losses of the VIE or the right to receive potential significant benefits from the VIE that could potentially be significant to the VIE, the Company considers an analysis of its rights to receive benefits such as investment returns and its obligation to absorb losses associated with any investment in the VIE in conjunction with other qualitative factors. Management and incentive fees that are at market and commensurate with the level of services provided, and where the Company does not hold other interests in the VIE that would absorb more than an insignificant amount of the VIE's expected losses or receive more than an insignificant amount of the VIE's expected residual returns, are not considered a variable interest and are excluded from the analysis.

The consolidation guidance has a scope exception for reporting entities with interests in registered money market funds which do not have an explicit support agreement.

**Amounts Based on Estimates and Assumptions** 

Accounting estimates are an integral part of the Consolidated Financial Statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and the recognition of credit losses or impairments, valuation of derivative instruments, litigation reserves, future policy benefits, market risk benefits, and income taxes and the recognition of deferred tax assets and liabilities. These accounting estimates reflect the best judgment of management and actual results could differ.

**Investments** 

*Available-for-Sale Securities* 

Available-for-Sale securities are carried at fair value with unrealized gains (losses) recorded in accumulated other comprehensive income (loss) ("AOCI"), net of impacts to benefit reserves, reinsurance recoverables and income taxes. Gains and losses are recognized on a trade date basis in the Consolidated Statements of Income upon disposition of the securities.

Available-for-Sale securities are impaired when the fair value of an investment is less than its amortized cost. When an Available-for-Sale security is impaired, the Company first assesses whether or not: (i) it has the intent to sell the security (i.e., made a decision to sell) or (ii) it is more likely than not that the Company will be required to sell the security before its anticipated recovery. If either of these conditions exist, the Company recognizes an impairment by reducing the book value of the security for the difference between the investment's amortized cost and its fair value with a corresponding charge to earnings. Subsequent increases in the fair value of Available-for-Sale securities that occur in periods after a write-down has occurred are recorded as unrealized gains in other comprehensive income (loss) ("OCI"), while subsequent decreases in fair value would continue to be recorded as reductions of book value with a charge to earnings.

For securities that do not meet the above criteria, the Company determines whether the decrease in fair value is due to a credit loss or due to other factors. The amount of impairment due to credit-related factors, if any, is recognized as an allowance for credit losses with a related charge to Net realized investment gains (losses). The allowance for credit losses is limited to the amount by which the security's amortized cost basis exceeds its fair value. The amount of the impairment related to other factors is recognized in OCI.

Factors the Company considers in determining whether declines in the fair value of fixed maturity securities are due to credit-related factors include: (i) the extent to which the market value is below amortized cost; (ii) fundamental analysis of the liquidity, business prospects and overall financial condition of the issuer; and (iii) market events that could impact credit ratings, economic and business climate, litigation and government actions, and similar external business factors.

If through subsequent evaluation there is a sustained increase in cash flows expected, both the allowance and related charge to earnings may be reversed to reflect the increase in expected principal and interest payments.

In order to determine the amount of the credit loss component for corporate debt securities, a best estimate of the present value of cash flows expected to be collected discounted at the security's effective interest rate is compared to the amortized cost basis of the security. The significant inputs to cash flow projections consider potential debt restructuring terms, projected cash flows available to pay creditors and the Company's position in the debtor's overall capital structure. When assessing potential credit-related impairments for structured investments (e.g., residential mortgage backed securities, commercial mortgage backed

**F-161** 

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*RiverSource Life Insurance Company* 

securities and asset backed securities), the Company also considers credit-related factors such as overall deal structure and its position within the structure, quality of underlying collateral, delinquencies and defaults, loss severities, recoveries, prepayments and cumulative loss projections.

Management has elected to exclude accrued interest in its measurement of the allowance for credit losses for Available-for-Sale securities. Accrued interest on Available-for-Sale securities is recorded as earned in Accrued investment income. Available-for- Sale securities are generally placed on nonaccrual status when the accrued balance becomes 90 days past due or earlier based on management's evaluation of the facts and circumstances of each security under review. All previously accrued interest is reversed through Net investment income.

*Other Investments* 

Other investments primarily reflect the Company's interests in affordable housing partnerships and syndicated loans. Affordable housing partnerships are accounted for under the equity method.

**Financing Receivables** 

Financing receivables are comprised of commercial loans, policy loans, and deposit receivables.

*Commercial Loans* 

Commercial loans include commercial mortgage loans and syndicated loans and are recorded at amortized cost less the allowance for credit losses. Commercial mortgage loans are recorded within Mortgage loans and syndicated loans are recorded within Other investments. Commercial mortgage loans are loans on commercial properties that are originated by the Company. Syndicated loans represent the Company's investment in loan syndications originated by unrelated third parties.

Interest income is accrued as earned on the unpaid principal balances of the loans. Interest income recognized on commercial mortgage loans and syndicated loans is recorded in Net investment income.

*Policy Loans* 

Policy loans do not exceed the cash surrender value at origination. As there is minimal risk of loss related to policy loans, there is no allowance for credit losses.

Interest income is accrued as earned on the unpaid principal balances of the loans. Interest income recognized on policy loans is recorded in Net investment income.

*Deposit Receivables* 

For each of its reinsurance agreements, the Company determines whether the agreement provides indemnification against loss or liability related to insurance risk in accordance with applicable accounting standards. If the Company determines that a reinsurance agreement does not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk, the Company records the agreement using the deposit method of accounting. Deposits made and any related embedded derivatives are included in Receivables. As amounts are received, consistent with the underlying contracts, deposit receivables are adjusted. Deposit receivables are accreted using the interest method and the accretion is reported in Other revenues.

See Note 7 for additional information on financing receivables.

*Allowance for Credit Losses* 

The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected over the asset's expected life, considering past events, current conditions and reasonable and supportable forecasts of future economic conditions. Estimates of expected credit losses consider both historical charge-off and recovery experience as well as current economic conditions and management's expectation of future charge-off and recovery levels. Expected losses related to risks other than credit risk are excluded from the allowance for credit losses. The allowance for credit losses is measured and recorded upon initial recognition of the loan, regardless of whether it is originated or purchased. The methods and information used to develop the allowance for credit losses for each class of financing receivable are discussed below.

*Commercial Loans* 

The allowance for credit losses for commercial mortgage loans and syndicated loans utilizes a probability of default and loss severity approach to estimate lifetime expected credit losses. Actual historical default and loss severity data for each type of commercial loan is adjusted for current conditions and reasonable and supportable forecasts of future economic conditions to develop the probability of default and loss severity assumptions that are applied to the amortized cost basis of the loans over the expected life of each portfolio. The allowance for credit losses on commercial mortgage loans and syndicated loans is recorded through provisions charged to Net realized investment gains (losses) and is reduced/increased by net charge-offs/recoveries.

Management determines the adequacy of the allowance for credit losses based on the overall loan portfolio composition, recent and historical loss experience, and other pertinent factors, including when applicable, internal risk ratings, loan-to-value ("LTV") ratios, and occupancy rates, along with reasonable and supportable forecasts of economic and market conditions. This evaluation

**F-162** 

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*RiverSource Life Insurance Company* 

is inherently subjective as it requires estimates, which may be susceptible to significant change. While the Company may attribute portions of the allowance to specific loan pools as part of the allowance estimation process, the entire allowance is available to absorb losses expected over the life of the loan portfolio.

*Deposit Receivables* 

The allowance for credit losses is calculated on an individual reinsurer basis. Deposit receivables are collateralized by underlying trust arrangements. Management evaluates the terms of the reinsurance and trust agreements, the nature of the underlying assets, and the potential for changes in the collateral value when considering the need for an allowance for credit losses.

*Nonaccrual Loans* 

Commercial mortgage loans and syndicated loans are placed on nonaccrual status when either the collection of interest or principal has become 90 days past due or is otherwise considered doubtful of collection. When a loan is placed on nonaccrual status, unpaid accrued interest is reversed. Interest payments received on loans on nonaccrual status are generally applied to principal unless the remaining principal balance has been determined to be fully collectible. Management has elected to exclude accrued interest in its measurement of the allowance for credit losses for commercial mortgage loans and syndicated loans.

*Loan Modifications* 

A loan is modified when the Company makes certain concessionary modifications to contractual terms such as principal forgiveness, interest rate reductions, other-than-insignificant payment delays, and/or term extensions in an attempt to make the loan more affordable to a borrower experiencing financial difficulties. Generally, performance prior to the modification or significant events that coincide with the modification are considered in assessing whether the borrower can meet the new terms which may result in the loan being returned to accrual status at the time of the modification or after a performance period. If the borrower's ability to meet the revised payment schedule is not reasonably assured, the loan remains on nonaccrual status.

*Charge-off and Foreclosure* 

Charge-offs are recorded when the Company concludes that all or a portion of the commercial mortgage loan or syndicated loan is uncollectible. Factors used by the Company to determine whether all amounts due on commercial mortgage loans will be collected, include but are not limited to, the financial condition of the borrower, performance of the underlying properties, collateral and/or guarantees on the loan, and the borrower's estimated future ability to pay based on property type and geographic location. Factors used by the Company to determine whether all amounts due on syndicated loans will be collected, include but are not limited to the borrower's financial condition, industry outlook, and internal risk ratings based on rating agency data and internal analyst expectations.

If it is determined that foreclosure on a commercial mortgage loan is probable and the fair value is less than the current loan balance, expected credit losses are measured as the difference between the amortized cost basis of the asset and fair value less estimated costs to sell, if applicable. Upon foreclosure, the commercial mortgage loan and related allowance are reversed, and the foreclosed property is recorded as real estate owned within Other assets.

**Cash and Cash Equivalents** 

Cash equivalents include highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less.

**Reinsurance** 

The Company cedes insurance risk to other insurers under reinsurance agreements.

Reinsurance premiums paid and benefits received are accounted for consistently with the basis used in accounting for the policies from which risk is reinsured and consistently with the terms of the reinsurance contracts. Reinsurance premiums paid for traditional life, long term care ("LTC") and DI insurance and life contingent payout annuities, net of the change in any prepaid reinsurance asset, are reported as a reduction of Premiums. Reinsurance recoveries are reported as components of Benefits, claims, losses and settlement expenses.

UL and VUL reinsurance premiums are reported as a reduction of Policy and contract charges. In addition, for UL and VUL insurance policies, the net cost of reinsurance ceded, which represents the discounted amount of the expected cash flows between the reinsurer and the Company, is classified as an asset and amortized based on estimated gross profits ("EGPs") over the period the reinsurance policies are in force. Changes in the net cost of reinsurance are reflected as a component of Policy and contract charges.

Insurance liabilities are reported before the effects of reinsurance. Policyholder account balances, future policy benefits and claims recoverable under reinsurance contracts are recorded within Reinsurance recoverables, net of the allowance for credit losses. The Company evaluates the financial condition of its reinsurers prior to entering into new reinsurance contracts and on a periodic basis during the contract term. The allowance for credit losses related to reinsurance recoverable is based on applying observable industry data including insurer ratings, default and loss severity data to the Company's reinsurance recoverable balances. Management evaluates the results of the calculation and considers differences between the industry data and the

**F-163** 

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*RiverSource Life Insurance Company* 

Company's data. Such differences include that the Company has no actual history of significant losses and that industry data may contain non-life insurers. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change given the long-term nature of these receivables. In addition, the Company has a reinsurance protection agreement that provides credit protections for its reinsured LTC business. The allowance for credit losses on reinsurance recoverable is recorded through provisions charged to Benefits, claims, losses and settlement expenses.

The Company also assumes life insurance and fixed annuity risk from other insurers in limited circumstances. Reinsurance premiums received and benefits paid are accounted for consistently with the basis used in accounting for the policies from which risk is reinsured and consistently with the terms of the reinsurance contracts. Liabilities for assumed business are recorded within Policyholder account balances, future policy benefits and claims.

See Note 9 for additional information on reinsurance.

**Land, Buildings, Equipment and Software** 

Land, buildings, equipment and internally developed software are carried at cost less accumulated depreciation or amortization and are reflected within Other assets. The Company uses the straight-line method of depreciation and amortization over periods ranging from three to 39 years.

As of December 31, 2024 and 2023, land, buildings, equipment and software were $113 million and $117 million, net of accumulated depreciation of $258 million and $244 million as of December 31, 2024 and 2023, respectively. Depreciation and amortization expense for the years ended December 31, 2024, 2023 and 2022 was $14 million, $15 million and $13 million, respectively.

**Derivative Instruments and Hedging Activities** 

Freestanding derivative instruments are recorded at fair value and are reflected in Other assets or Other liabilities. The Company's policy is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement. The accounting for changes in the fair value of a derivative instrument depends on its intended use and the resulting hedge designation, if any. The Company primarily uses derivatives as economic hedges that are not designated as accounting hedges or do not qualify for hedge accounting treatment. The Company occasionally designates derivatives as (i) hedges of changes in the fair value of assets, liabilities, or firm commitments ("fair value hedges") or (ii) hedges of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability ("cash flow hedges").

Derivative instruments that are entered into for hedging purposes are designated as such at the time the Company enters into the contract. For all derivative instruments that are designated for hedging activities, the Company documents all of the hedging relationships between the hedge instruments and the hedged items at the inception of the relationships. Management also documents its risk management objectives and strategies for entering into the hedge transactions. The Company assesses, at inception and on a quarterly basis, whether derivatives designated as hedges are highly effective in offsetting the fair value or cash flows of hedged items. If it is determined that a derivative is no longer highly effective as a hedge, the Company will discontinue the application of hedge accounting.

For derivative instruments that do not qualify for hedge accounting or are not designated as accounting hedges, changes in fair value are recognized in current period earnings. Changes in fair value of derivatives are presented in the Consolidated Statements of Income based on the nature and use of the instrument. Changes in fair value of derivatives used as economic hedges are presented in the Consolidated Statements of Income with the corresponding change in the hedged asset or liability.

For derivative instruments that qualify as fair value hedges, changes in the fair value of the derivatives, as well as changes in the fair value of the hedged assets, liabilities or firm commitments, are recognized on a net basis in current period earnings. The carrying value of the hedged item is adjusted for the change in fair value from the designated hedged risk. If a fair value hedge designation is removed or the hedge is terminated prior to maturity, previous adjustments to the carrying value of the hedged item are recognized into earnings over the remaining life of the hedged item.

For derivative instruments that qualify as cash flow hedges, the effective portion of the gain or loss on the derivative instruments is reported in AOCI and reclassified into earnings when the hedged item or transaction impacts earnings. The amount that is reclassified into earnings is presented in the Consolidated Statements of Income with the hedged instrument or transaction impact. Any ineffective portion of the gain or loss is reported in current period earnings as a component of Net investment income. If a hedge designation is removed or a hedge is terminated prior to maturity, the amount previously recorded in AOCI is reclassified to earnings over the period that the hedged item impacts earnings. For hedge relationships that are discontinued because the forecasted transaction is not expected to occur according to the original strategy, any related amounts previously recorded in AOCI are recognized in earnings immediately.

The equity component of indexed annuity, structured variable annuity and IUL obligations are considered embedded derivatives. Additionally, certain annuities contain guaranteed minimum accumulation benefits ("GMAB") and guaranteed minimum withdrawal benefits ("GMWB") provisions accounted for as market risk benefits.

**F-164** 

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*RiverSource Life Insurance Company* 

See Note 14 for information regarding the Company's fair value measurement of derivative instruments and Note 18 for the impact of derivatives on the Consolidated Statements of Income.

**Market Risk Benefits** 

Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Market risk benefits include certain contract features on variable annuity products that provide minimum guarantees to contractholders. Guarantees accounted for as market risk benefits include GMDB, guaranteed minimum income benefit ("GMIB"), GMWB and GMAB. If a contract contains multiple market risk benefits, those market risk benefits are bundled together as a single compound market risk benefit.

Market risk benefits are measured at fair value, at the individual contract level, using a non-option-based valuation approach or an option-based valuation approach dependent upon the fee structure of the contract. Changes in fair value are recognized in net income each period with the exception of the portion of the change in fair value due to a change in the instrument-specific credit risk, which is recognized in OCI.

**Deferred Acquisition Costs** 

The Company incurs costs in connection with acquiring new and renewal insurance and annuity businesses. The portion of these costs which are incremental and direct to the acquisition of a new or renewal insurance policy or annuity contract are deferred. Significant costs capitalized include sales based compensation related to the acquisition of new and renewal insurance policies and annuity contracts, medical inspection costs for successful sales, and a portion of employee compensation and benefit costs based upon the amount of time spent on successful sales. Sales based compensation paid to Ameriprise Financial's advisors and employees and third-party distributors is capitalized. Employee compensation and benefits costs which are capitalized relate primarily to sales efforts, underwriting and processing. All other costs which are not incremental direct costs of acquiring an insurance policy or annuity contract are expensed as incurred. The deferred acquisition costs ("DAC") associated with insurance policies or annuity contracts that are significantly modified or internally replaced with another contract are accounted for as write-offs. These transactions are anticipated in establishing amortization periods and other valuation assumptions.

The Company monitors other DAC amortization assumptions, such as persistency, mortality, morbidity, and variable annuity benefit utilization each quarter and, when assessed independently, each could impact the Company's DAC balances. Unamortized DAC is reduced for actual experience in excess of expected experience.

The analysis of DAC balances and the corresponding amortization considers all relevant factors and assumptions described previously. Unless the Company's management identifies a significant deviation over the course of the quarterly monitoring, management reviews and updates these DAC amortization assumptions annually in the third quarter of each year.

DAC is amortized on a constant-level basis for the grouped contracts over the expected contract term to approximate straight-line amortization. Contracts are grouped by contract type and issue year into cohorts consistent with the grouping used in estimating the associated liability for future policy benefits. DAC related to all long-duration product types (except for life contingent payout annuities) is grouped on a calendar-year annual basis for each legal entity. Further disaggregation is reported for any contracts that include an additional liability for death or other insurance benefit. DAC related to life contingent payout annuities is grouped on a calendar-year annual basis for each legal entity for policies issued prior to 2021 and on a quarterly basis for each legal entity thereafter.

DAC related to annuity products (including variable deferred annuities, structured variable annuities, fixed deferred annuities, and life contingent payout annuities) is amortized based on initial premium. DAC related to life insurance products (including UL insurance, VUL insurance, IUL insurance, term life insurance, and whole life insurance) is amortized based on original specified amount (i.e., face amount). DAC related to DI insurance is amortized based on original monthly benefit.

The accounting contract term for annuity products (except for life contingent payout annuities) is the projected accumulation period. Life contingent payout annuities are amortized over the period which annuity payments are expected to be paid. The accounting contract term for life insurance products is the projected life of the contract. DI insurance is amortized over the projected life of the contract, including the claim paying period.

**Deferred Sales Inducement Costs** 

Deferred sales inducements are contract features that are intended to attract new customers or to persuade existing customers to keep their current policy. Sales inducement costs consist of bonus interest credits and premium credits added to certain annuity contract and insurance policy values. These benefits are capitalized to the extent they are incremental to amounts that would be credited on similar contracts without the applicable feature. The amounts capitalized are amortized on a constant level basis using the same methodology and assumptions used to amortize DAC. Deferred sales inducement costs ("DSIC") is recorded in Other assets and amortization of DSIC is recorded in Benefits, claims, losses and settlement expenses.

**F-165** 

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*RiverSource Life Insurance Company* 

**Separate Account Assets and Liabilities** 

Separate account assets represent funds held for the benefit of, and Separate account liabilities represent the obligation to, the variable annuity contractholders and variable life insurance policyholders who have a contractual right to receive the benefits of their contract or policy and bear the related investment risk. Gains and losses on separate account assets accrue directly to the contractholder or policyholder and are not reported in the Company's Consolidated Statements of Income. Separate account assets are recorded at fair value and Separate account liabilities are equal to the assets recognized.

**Policyholder Account Balances, Future Policy Benefits and Claims** 

The Company establishes reserves to cover the benefits associated with non-traditional and traditional long-duration products. Non-traditional long-duration products include variable and structured variable annuity contracts, fixed annuity contracts and UL and VUL policies. Traditional long-duration products include term life, whole life, DI and LTC insurance products and life contingent payout annuity products.

*Non-Traditional Long-Duration Products* 

The liabilities for non-traditional long-duration products include fixed account values on variable and fixed annuities and UL and VUL policies, non-life contingent payout annuities, liabilities for guaranteed benefits associated with variable annuities (including structured variable annuities), and embedded derivatives for structured variable annuities, indexed annuities and IUL products.

Liabilities for fixed account values on variable annuities, structured variable annuities, fixed deferred annuities, and UL and VUL policies are equal to accumulation values, which are the cumulative gross deposits and credited interest less withdrawals and various charges. The liability for non-life contingent payout annuities is recognized as the present value of future payments using the effective yield at inception of the contract.

A portion of the Company's UL and VUL policies have product features that result in profits followed by losses from the insurance component of the contract. These profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the contract. The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges. The liability for these future losses is determined at the reporting date by estimating the death benefits in excess of account value and recognizing the excess over the estimated life based on expected assessments (e.g. cost of insurance charges, contractual administrative charges, similar fees and investment margin). See Note 10 for information regarding the liability for contracts with secondary guarantees. Liabilities for fixed deferred indexed annuity, structured variable annuity and IUL products are equal to the accumulation of host contract values, guaranteed benefits, and the fair value of embedded derivatives.

See Note 12 for information regarding variable annuity guarantees.

*Embedded Derivatives* 

The fair value of embedded derivatives related to structured variable annuities, indexed annuities and IUL fluctuate based on equity markets and interest rates and the estimate of the Company's nonperformance risk and is recorded in Policyholder account balances, future policy benefits and claims. See Note 14 for information regarding the fair value measurement of embedded derivatives.

*Traditional Long-Duration Products* 

The liabilities for traditional long-duration products include cash flows related to unpaid amounts on reported claims, estimates of benefits payable on claims incurred but not yet reported and estimates of benefits that will become payable on term life, whole life, DI, LTC, and life contingent payout annuity policies as claims are incurred in the future. The claim liability (also referred to as disabled life reserve) is presented together as one liability for future policy benefits.

A liability for future policy benefits, which is the present value of estimated future policy benefits to be paid to or on behalf of policyholders and certain related expenses less the present value of estimated future net premiums to be collected from policyholders, is accrued as premium revenue is recognized. Expected insurance benefits are accrued over the life of the contract in proportion to premium revenue recognized (referred to as the net premium approach). The net premium ratio reflects cash flows from contract inception to contract termination (i.e., through the claim paying period) and cannot exceed 100%.

Assumptions utilized in the net premium approach, including mortality, morbidity, and terminations, are reviewed as part of experience studies at least annually or more frequently if suggested by evidence. Expense assumptions and actual expenses are updated within the net premium calculation consistent with other policyholder assumptions.

The updated cash flows used in the calculation are discounted using a forward rate curve. The discount rate represents an upper-medium-grade (i.e., low credit risk) fixed-income instrument yield (i.e., an A rating) that reflects the duration characteristics of the liability. Discount rates are locked in annually, at the end of each year for all products, except life contingent payout annuities, and calculated as the monthly average discount rate curves for the year. For life contingent payout annuities, the discount rates are locked in quarterly at the end of each quarter based on the average of the three months for the quarter.

**F-166** 

------

*RiverSource Life Insurance Company* 

The liability for future policy benefits will be updated for actual experience at least on an annual basis and concurrent with changes to cash flow assumptions. When net premiums are updated for cash flow changes, the estimated cash flows over the entire life of a group of contracts are updated using historical experience and updated future cash flow assumptions.

The revised net premiums are used to calculate an updated liability for future policy benefits as of the beginning of the reporting period, discounted at the original locked in rate (i.e., contract issuance rate). The updated liability for future policy benefits as of the beginning of the reporting period is then compared with the carrying amount of the liability as of that date prior to updating cash flow assumptions to determine the current period remeasurement gain or loss reflected in current period earnings. The revised net premiums are then applied as of the beginning of the quarter to calculate the benefit expense for the current reporting period.

The difference between the updated carrying amount of the liability for future policy benefits measured using the current discount rate assumption and the original discount rate assumption is recognized in OCI. The interest accretion rate remains the original discount rate used at contract issue date.

If the updating of cash flow assumptions results in the present value of future benefits and expenses exceeding the present value of future gross premiums, a charge to net income is recorded for the current reporting period such that net premiums are set equal to gross premiums. In subsequent periods, the liability for future policy benefits is accrued with net premiums set equal to gross premiums.

Contracts (except for life contingent payout annuities sold subsequent to December 31, 2020) are grouped into cohorts by contract type and issue year, as well as by legal entity and reportable segment. Life contingent payout annuities sold in periods beginning in 2021 are grouped into quarterly cohorts.

See Note 10 for information regarding the liabilities for traditional long-duration products.

*Deferred Profit Liability* 

For limited-payment products, gross premiums received in excess of net premiums are deferred at initial recognition as a deferred profit liability ("DPL"). Gross premiums are measured using assumptions consistent with those used in the measurement of the liability for future policy benefits, including discount rate, mortality, lapses and expenses.

The DPL is amortized and recognized as premium revenue in proportion to expected future benefit payments from annuity contracts. Interest is accreted on the balance of the DPL using the discount rate determined at contract issuance. The Company reviews and updates its estimate of cash flows from the DPL at the same time as the estimates of cash flows for the liability for future policy benefits. When cash flows are updated, the updated estimates are used to recalculate the DPL at contract issuance. The recalculated DPL as of the beginning of the current reporting period is compared to the carrying amount of the DPL as of the beginning of the current reporting period, and any difference is recognized as either a charge or credit to premium revenue.

DPL is recorded in Policyholder account balances, future policy benefits and claims and included as a reconciling item within Note 10.

**Unearned Revenue Liability** 

The Company's UL and VUL policies require payment of fees or other policyholder assessments in advance for services to be provided in future periods. These charges are deferred as unearned revenue and amortized using the same assumptions and factors used to amortize DAC. The unearned revenue liability is recorded in Other liabilities and the amortization is recorded in Policy and contract charges.

**Income Taxes** 

The Company qualifies as a life insurance company for federal income tax purposes. As such, the Company is subject to the Internal Revenue Code provisions applicable to life insurance companies.

The Company's taxable income is included in the consolidated federal income tax return of Ameriprise Financial. The Company provides for income taxes on a separate return basis, except that, under an agreement between Ameriprise Financial and the Company, tax benefits are recognized for losses to the extent they can be used in the consolidated return. It is the policy of Ameriprise Financial that it will reimburse its subsidiaries for any tax benefits recorded. The controlled group for which the Company is a member is an applicable corporation with regard to the corporate alternative minimum tax ("CAMT") and is therefore required to compute the CAMT. In accordance with the tax sharing agreement, Ameriprise Financial will be liable for any CAMT liability and expense.

The Company's provision for income taxes represents the net amount of income taxes that the Company expects to pay or to receive from various taxing jurisdictions in connection with its operations. The Company provides for income taxes based on amounts that the Company believes it will ultimately owe taking into account the recognition and measurement for uncertain tax positions. Inherent in the provision for income taxes are estimates and judgments regarding the tax treatment of certain items.

**F-167** 

------

*RiverSource Life Insurance Company* 

In connection with the provision for income taxes, the Consolidated Financial Statements reflect certain amounts related to deferred tax assets and liabilities, which result from temporary differences between the assets and liabilities measured for financial statement purposes versus the assets and liabilities measured for tax return purposes.

The Company is required to establish a valuation allowance for any portion of its deferred tax assets that management believes will not be realized. Significant judgment is required in determining if a valuation allowance should be established and the amount of such allowance if required. Factors used in making this determination include estimates relating to the performance of the business. Consideration is given to, among other things in making this determination: (i) future taxable income exclusive of reversing temporary differences and carryforwards; (ii) future reversals of existing taxable temporary differences; (iii) taxable income in prior carryback years; and (iv) tax planning strategies. Management may need to identify and implement appropriate planning strategies to ensure its ability to realize deferred tax assets and reduce the likelihood of the establishment of a valuation allowance with respect to such assets. See Note 20 for additional information on the Company's valuation allowance.

Changes in tax rates and tax law are accounted for in the period of enactment. Deferred tax assets and liabilities are adjusted for the effect of a change in tax laws or rates and the effect is included in net income.

**Revenue Recognition** 

Premiums on traditional life, DI and LTC insurance products and life contingent payout annuities are net of reinsurance ceded and are recognized as revenue when due.

Interest income is accrued as earned using the effective interest method, which makes an adjustment of the yield for security premiums and discounts on all performing fixed maturity securities classified as Available-for-Sale so that the related security or loan recognizes a constant rate of return on the outstanding balance throughout its term. When actual prepayments differ significantly from originally anticipated prepayments, the retrospective effective yield is recalculated to reflect actual payments to date and updated future payment assumptions and a catch-up adjustment is recorded in the current period. In addition, the new effective yield, which reflects anticipated future payments, is used prospectively.

Mortality and expense risk fees are generally calculated as a percentage of the fair value of assets held in separate accounts and recognized when assessed. Variable annuity guaranteed benefit rider charges and cost of insurance charges on UL and VUL insurance and contract charges (net of reinsurance premiums and cost of reinsurance for UL insurance products) and surrender charges on annuities and UL and VUL insurance are recognized as revenue when assessed. These fees and charges are recorded in Policy and contract charges.

Realized gains and losses on the sale of securities, other than equity method investments, are recognized using the specific identification method on a trade date basis.

Fees received under marketing support and distribution services arrangements are recognized as revenue when earned.

See Note 4 for further discussion of accounting policies on revenue from contracts with customers.

**3. RECENT ACCOUNTING PRONOUNCEMENTS** 

**Adoption of New Accounting Standards** 

*Segment Reporting — Improvements to Reportable Segment Disclosures* 

In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07, *Improvements to Reportable Segment Disclosures*, updating reportable segment disclosure requirements in accordance with Topic 280, *Segment Reporting* ("Topic 280"), primarily through enhanced disclosures about significant segment expenses. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss and contain other disclosure requirements. The amendments also expand Topic 280 disclosures to public entities with one reportable segment. The amendments are effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024. The Company adopted the standard on January 1, 2024. The adoption of the standard did not have an impact on the Company's consolidated financial condition and results of operations as the standard is disclosure-related only.

**Future Adoption of New Accounting Standards** 

*Income Taxes — Improvements to Income Tax Disclosures* 

In December 2023, the FASB issued ASU 2023-09, *Improvements to Income Tax Disclosures*, updating the accounting standards related to income tax disclosures, primarily focused on the disaggregation of income taxes paid and the rate reconciliation table. The standard is to be applied prospectively with an option for retrospective application and is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is assessing changes to the income tax-related disclosures resulting from the standard. The adoption of the standard will not have an impact on the Company's consolidated financial condition and results of operations as the standard is disclosure-related only. 

**F-168** 

------

*RiverSource Life Insurance Company* 

*Expenses — Disaggregation of Income Statement Expenses* 

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses, requiring public business entities to disclose disaggregated information about certain income statement expense line items. The disaggregated disclosures are required to be in the footnotes to the consolidated financial statements on an annual and interim basis. The standard is to be applied prospectively, with an option for retrospective application and is effective for annual periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is assessing changes to footnote disclosures resulting from the standard. The adoption of the standard will not have an impact on the Company's consolidated financial condition and results of operations as the standard is disclosure-related only.

**4. REVENUE FROM CONTRACTS WITH CUSTOMERS** 

The following table presents disaggregated revenue from contracts with customers and a reconciliation to total revenues reported on the Consolidated Statements of Income:

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| <br>**(in millions)** | **2024** | **2023** | **2022** |
|  Policy and contract charges |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated (from Columbia Management Investment Distributors, Inc.) | $158 | $152 | $164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated | 16 | 14 | 14 |
|  Total | 174 | 166 | 178 |
|  Other revenues |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative fees |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated (from Columbia Management Investment Services, Corp.) | 41 | 39 | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated | 19 | 17 | 18 |
|  | 60 | 56 | 60 |
|  Other fees |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated (from Columbia Management Investment Advisers, LLC ("CMIA") and Columbia Wanger Asset Management, LLC)  | 320 | 307 | 334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated  | 5 | 4 | 4 |
|  | 325 | 311 | 338 |
|  Total | 385 | 367 | 398 |
|  **Total revenue from contracts with customers** | 559 | 533 | 576 |
|  Revenue from other sources<sup>(1)</sup> | 4016 | 3759 | 3179 |
|  Total revenues | $4575 | $4292 | $3755 |

---

<sup>(1)</sup> Amounts primarily consist of revenue associated with insurance and annuity products and investment income from financial instruments. 

The following discussion describes the nature, timing, and uncertainty of revenues and cash flows arising from the Company's contracts with customers.

**Policy and Contract Charges** 

The Company earns revenue for providing distribution-related services to affiliated and unaffiliated mutual funds that are available as underlying investments in its variable annuity and variable life insurance products. The performance obligation is satisfied at the time the mutual fund is distributed. Revenue is recognized over the time the mutual fund is held in the variable product and is generally earned based on a fixed rate applied, as a percentage, to the net asset value of the fund. The revenue is not recognized at the time of sale because it is variably constrained due to factors outside the Company's control, including market volatility and how long the fund(s) remain in the insurance policy or annuity contract. The revenue will not be recognized until it is probable that a significant reversal will not occur. These fees are accrued and collected on a monthly basis.

**Other Revenues** 

*Administrative Fees* 

The Company earns revenue for providing customer support, contract servicing and administrative services for affiliated and unaffiliated mutual funds that are available as underlying instruments in its variable annuity and variable life insurance products. The transfer agent and administration revenue is earned daily based on a fixed rate applied, as a percentage, to assets under management. These performance obligations are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. These fees are accrued and collected on a monthly basis.

*Other Fees* 

The Company earns revenue for providing affiliated and unaffiliated partners an opportunity to educate the financial advisors of its affiliate, AFS, that sell the Company's products as well as product and marketing personnel to support the offer, sale and servicing of funds within the Company's variable annuity and variable life insurance products. These payments allow the parties to train and support the advisors, explain the features of their products, and distribute marketing and educational materials. The

**F-169** 

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*RiverSource Life Insurance Company* 

affiliated revenue is earned based on a rate, updated at least annually, which is applied, as a percentage, to the market value of assets invested. The unaffiliated revenue is earned based on a fixed rate applied, as a percentage, to the market value of assets invested. These performance obligations are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. These fees are accrued and collected on a monthly basis.

**Receivables** 

Receivables for revenue from contracts with customers are recognized when the performance obligation is satisfied and the Company has an unconditional right to the revenue. Receivables related to revenues from contracts with customers were $50 million and $49 million as of December 31, 2024 and 2023, respectively.

**5. VARIABLE INTEREST ENTITIES** 

The Company provides asset management services to CLOs which are considered to be VIEs that are sponsored by the Company. In addition, the Company invests in structured investments other than CLOs and certain affordable housing partnerships which are considered VIEs. The Company consolidates the CLOs if the Company is deemed to be the primary beneficiary. The Company has no obligation to provide financial or other support to the non-consolidated VIEs beyond its initial investment and existing future funding commitments, and the Company has not provided any additional support to these entities. The Company has unfunded commitments related to consolidated CLOs of $2 million and $24 million as of December 31, 2024 and 2023, respectively.

See Note 2 for further discussion of the Company's accounting policy on consolidation.

*Structured Investments* 

The Company invests in structured investments which are considered VIEs for which it is not the sponsor. These structured investments typically invest in fixed income instruments and are managed by third parties and include asset backed securities and commercial and residential mortgage backed securities. The Company classifies these investments as Available-for-Sale securities. The Company has determined that it is not the primary beneficiary of these structures due to the size of the Company's investment in the entities and position in the capital structure of these entities.

Additionally, the Company invests in CLOs for which it is the sponsor. CLOs are asset backed financing entities collateralized by a pool of assets, primarily syndicated loans and, to a lesser extent, high-yield bonds. Multiple tranches of debt securities are issued by a CLO, offering investors various maturity and credit risk characteristics. The debt securities issued by the CLOs are non-recourse to the Company. The CLO's debt holders have recourse only to the assets of the CLO. The assets of the CLOs cannot be used by the Company. Scheduled debt payments are based on the performance of the CLO's collateral pool. The Company earns management fees from the CLOs based on the value of the CLO's collateral pool and, in certain instances, may also receive incentive fees. The fee arrangement is at market and commensurate with the level of effort required to provide those services. The Company has invested in a portion of the unrated, junior subordinated notes and highly rated senior notes of certain CLOs. The Company consolidates certain CLOs where it is the primary beneficiary.

The Company's maximum exposure to loss with respect to structured investments and non-consolidated CLOs is limited to its amortized cost. The Company classifies these investments as Available-for-Sale securities. See Note 6 for additional information on these investments.

*Affordable Housing Partnerships and Other Real Estate Partnerships* 

The Company is a limited partner in affordable housing partnerships that qualify for government-sponsored low income housing tax credit programs and partnerships that invest in multi-family residential properties that were originally developed with an affordable housing component. The Company has determined it is not the primary beneficiary and therefore does not consolidate these partnerships.

A majority of the limited partnerships are VIEs. The Company's maximum exposure to loss as a result of its investment in the VIEs is limited to the carrying value. The carrying value is reflected in Other investments and was $46 million and $70 million as of December 31, 2024 and 2023, respectively. The Company's liability related to original purchase commitments not yet remitted to the VIEs was not material as of December 31, 2024 and 2023, respectively. The Company has not provided any additional support and is not contractually obligated to provide additional support to the VIEs beyond the funding commitments.

**Fair Value of Assets and Liabilities** 

The Company categorizes its fair value measurements according to a three-level hierarchy. See Note 14 for the definition of the three levels of the fair value hierarchy.

**F-170** 

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*RiverSource Life Insurance Company* 

The following tables present the balances of assets and liabilities held by consolidated investment entities measured at fair value on a recurring basis:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| <br>**(in millions)** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate debt securities | $— | $50 | $— | $50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stocks |  | 2 | 1 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Syndicated loans |  | 2216 | 118 | 2334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total investments |  | 2268 | 119 | 2387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables |  | 31 |  | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets |  | 2 |  | 2 |
|  Total assets at fair value | $— | $2301 | $119 | $2420 |
|  **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt<sup>(1)</sup> | $— | $2429 | $— | $2429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities |  | 314 |  | 314 |
|  Total liabilities at fair value | $— | $2743 | $— | $2743 |
|  | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
| **(in millions)** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate debt securities | $— | $40 | $— | $40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stocks |  | 5 |  | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Syndicated loans |  | 1991 | 63 | 2054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total investments |  | 2036 | 63 | 2099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables |  | 28 |  | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets |  | 1 |  | 1 |
|  Total assets at fair value | $— | $2065 | $63 | $2128 |
|  **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt<sup>(1)</sup> | $— | $2155 | $— | $2155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities |  | 45 |  | 45 |
|  Total liabilities at fair value | $— | $2200 | $— | $2200 |

---

<sup>(1)</sup> The carrying value of the CLOs' debt is set equal to the fair value of the CLOs' assets. The estimated fair value of the CLOs' debt was $2.4 billion and $2.1 billion as of December 31, 2024 and 2023, respectively. 

The following tables provide a summary of changes in Level 3 assets held by consolidated investment entities measured at fair value on a recurring basis:

---

| | | |
|:---|:---|:---|
| **(in millions)** | **Common**<br> **Stocks** | **Syndicated**<br> **Loans** |
|  Balance at January 1, 2024 | $— | $63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total gains (losses) included in: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income | (1)<sup>(1)</sup> | (7)<sup>(1)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases |  | 168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sales | (1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Settlements |  | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers into Level 3 | 4 | 103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers out of Level 3 | (1) | (204) |
|  Balance at December 31, 2024 | $1 | $118 |
|  Changes in unrealized gains (losses) included in net income relating to assets held at December 31, 2024 | $—<sup>(1)</sup> | $—<sup>(1)</sup> |

---

**F-171** 

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*RiverSource Life Insurance Company* 

---

| | | | |
|:---|:---|:---|:---|
| **(in millions)** | | **Syndicated<br>Loans** | **Other<br>Assets** |
|  Balance at January 1, 2023 |  | $125 | $1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total gains (losses) included in: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income |  | (4)<sup>(1)</sup> |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases |  | 45 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sales |  | (10) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Settlements |  | (16) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers into Level 3 |  | 122 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers out of Level 3 |  | (199) | (1) |
|  Balance at December 31, 2023 |  | $63 | $— |
|  Changes in unrealized gains (losses) included in net income relating to assets held at December 31, 2023 |  | $(1)<sup>(1)</sup> | $— |
| **(in millions)** | **Common<br>Stocks** | **Syndicated<br>Loans** | **Other<br>Assets** |
|  Balance at January 1, 2022 | $— | $64 | $3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total gains (losses) included in: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income |  | (11)<sup>(1)</sup> |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases |  | 69 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sales |  | (4) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Settlements |  | (8) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers into Level 3 | 2 | 218 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers out of Level 3 | (2) | (203) | (3) |
|  Balance at December 31, 2022 | $— | $125 | $1 |
|  Changes in unrealized gains (losses) included in net income relating to assets held at December 31, 2022 | $— | $(10)<sup>(1)</sup> | $— |

---

<sup>(1)</sup> Included in Net investment income.

Securities and loans transferred from Level 3 primarily represent assets with fair values that are now obtained from a third-party pricing service with observable inputs or priced in active markets. Securities and loans transferred to Level 3 represent assets with fair values that are now based on a single non-binding broker quote.

All Level 3 measurements as of December 31, 2024 and 2023 were obtained from non-binding broker quotes where unobservable inputs utilized in the fair value calculation are not reasonably available to the Company.

**Determination of Fair Value** 

**Assets** 

*Investments* 

The fair value of syndicated loans obtained from third-party pricing services using a market approach with observable inputs is classified as Level 2. The fair value of syndicated loans obtained from third-party pricing services with a single non-binding broker quote as the underlying valuation source is classified as Level 3. The underlying inputs used in non-binding broker quotes are not readily available to the Company. See Note 14 for a description of the Company's determination of the fair value of corporate debt securities, common stocks and other investments.

*Receivables* 

For receivables of the consolidated CLOs, the carrying value approximates fair value as the nature of these assets has historically been short-term and the receivables have been collectible. The fair value of these receivables is classified as Level 2.

**Liabilities** 

*Debt* 

The fair value of the CLOs' assets, typically syndicated bank loans, is more observable than the fair value of the CLOs' debt tranches for which market activity is limited and less transparent. As a result, the fair value of the CLOs' debt is set equal to the fair value of the CLOs' assets and is classified as Level 2.

*Other Liabilities* 

Other liabilities consist primarily of securities purchased but not yet settled by consolidated CLOs. The carrying value approximates fair value as the nature of these liabilities has historically been short-term. The fair value of these liabilities is classified as Level 2. Other liabilities also include accrued interest on CLO debt.

**F-172** 

------

*RiverSource Life Insurance Company* 

**Fair Value Option** 

The Company has elected the fair value option for the financial assets and liabilities of the consolidated CLOs. Management believes that the use of the fair value option better matches the changes in fair value of assets and liabilities related to the CLOs.

The following table presents the fair value and unpaid principal balance of loans and debt for which the fair value option has been elected:

---

| | | |
|:---|:---|:---|
| | **December 31,** | **December 31,** |
| <br>**(in millions)** | **2024** | **2023** |
|  **Syndicated loans** |  |  |
|  Unpaid principal balance | $2406 | $2190 |
|  Excess unpaid principal over fair value | (72) | (136) |
|  Fair value | $2334 | $2054 |
|  Fair value of loans more than 90 days past due | $1 | $— |
|  Fair value of loans in nonaccrual status | 1 | 13 |
|  Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both | 5 | 40 |
|  **Debt** |  |  |
|  Unpaid principal balance | $2633 | $2362 |
|  Excess unpaid principal over fair value | (204) | (207) |
|  Carrying value<sup>(1)</sup> | $2429 | $2155 |

---

<sup>(1)</sup> The carrying value of the CLOs' debt is set equal to the fair value of the CLOs' assets. The estimated fair value of the CLOs' debt was $2.4 billion and $2.1 billion as of December 31, 2024 and 2023, respectively. 

During 2024, the Company launched two new CLOs that issued debt of $816 million in total.

Interest income from syndicated loans, bonds and structured investments is recorded based on contractual rates in Net investment income. Gains and losses related to changes in the fair value of investments are recorded in Net investment income and gains and losses on sales of investments are recorded in Net realized investment gains (losses). Interest expense on debt is recorded in Interest and debt expense with gains and losses related to changes in the fair value of debt recorded in Net investment income.

Total net gains (losses) recognized in Net investment income related to the changes in fair value of investments the Company owns in the consolidated CLOs where it has elected the fair value option and collateralized financing entity accounting were immaterial for the years ended December 31, 2024, 2023 and 2022.

Debt of the consolidated investment entities and the stated interest rates were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Carrying Value** | **Carrying Value** | **Weighted Average<br>Interest Rate** | **Weighted Average<br>Interest Rate** |
| | **December 31,** | **December 31,** | **December 31,** | **December 31,** |
| <br>**(in millions)** | **2024** | **2023** | **2024** | **2023** |
|  Debt of consolidated CLOs due 2030-2038 | $2429 | $2155 | 5.9% | 6.6% |

---

The debt of the consolidated CLOs has both fixed and floating interest rates, which range from nil to 14.8%. The interest rates on the debt of CLOs are weighted average rates based on the outstanding principal and contractual interest rates.

**6. INVESTMENTS** 

Available-for-Sale securities distributed by type were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| <br>**Description of Securities (in millions)** | **Amortized<br>Cost** | **Gross<br>Unrealized<br>Gains** | **Gross<br>Unrealized<br>Losses** | **Allowance<br>for Credit<br>Losses** | **Fair<br>Value** |
|  Fixed maturities: |  |  |  |  |  |
|  Corporate debt securities | $13803 | $199 | $(709) | $— | $13293 |
|  Residential mortgage backed securities | 4302 | 15 | (278) |  | 4039 |
|  Commercial mortgage backed securities | 2211 | 3 | (114) |  | 2100 |
|  State and municipal obligations | 627 | 29 | (19) | (1) | 636 |
|  Asset backed securities | 2176 | 15 | (8) |  | 2183 |
|  Foreign government bonds and obligations | 7 |  |  |  | 7 |
|  U.S. government and agency obligations | 1 |  |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $23127 | $261 | $(1128) | $(1) | $22259 |

---

**F-173** 

------

*RiverSource Life Insurance Company* 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
| <br>**Description of Securities (in millions)** | **Amortized<br>Cost** | **Gross<br>Unrealized<br>Gains** | **Gross<br>Unrealized<br>Losses** | **Allowance<br>for Credit<br>Losses** | **Fair<br>Value** |
|  Fixed maturities: |  |  |  |  |  |
|  Corporate debt securities | $10828 | $405 | $(497) | $(1) | $10735 |
|  Residential mortgage backed securities | 3886 | 20 | (264) |  | 3642 |
|  Commercial mortgage backed securities | 2784 | 6 | (193) |  | 2597 |
|  State and municipal obligations | 717 | 61 | (19) | (1) | 758 |
|  Asset backed securities | 1545 | 7 | (21) |  | 1531 |
|  Foreign government bonds and obligations | 12 |  |  |  | 12 |
|  U.S. government and agency obligations | 99 |  |  |  | 99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $19871 | $499 | $(994) | $(2) | $19374 |

---

As of December 31, 2024 and 2023, accrued interest of $208 million and $168 million, respectively, is excluded from the amortized cost basis of Available-for-Sale securities in the tables above and is recorded in Accrued investment income.

As of December 31, 2024 and 2023, fixed maturity securities comprised approximately 88% and 87%, respectively, of the Company's total investments. Rating agency designations are based on the availability of ratings from Nationally Recognized Statistical Rating Organizations ("NRSROs"), including Moody's Investors Service ("Moody's"), Standard & Poor's Ratings Services ("S&P") and Fitch Ratings Ltd. ("Fitch"). The Company uses the median of available ratings from Moody's, S&P and Fitch, or if fewer than three ratings are available, the lower rating is used. When ratings from Moody's, S&P and Fitch are unavailable, the Company may utilize ratings from other NRSROs or rate the securities internally. As of December 31, 2024 and 2023, $497 million and $265 million, respectively, of securities were internally rated by CMIA, an affiliate of the Company, using criteria similar to those used by NRSROs.

A summary of fixed maturity securities by rating was as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Ratings (in millions, except percentages)** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
| **Ratings (in millions, except percentages)** | **Amortized<br>Cost** | **Fair<br>Value** | **Percent of<br>Total Fair<br>Value** | **Amortized<br>Cost** | **Fair<br>Value** | **Percent of<br>Total Fair<br>Value** |
|  AAA | $4416 | $4284 | 19% | $4558 | $4337 | 22% |
|  AA | 4455 | 4256 | 19 | 3961 | 3799 | 20 |
|  A | 2689 | 2650 | 12 | 2213 | 2279 | 12 |
|  BBB | 11279 | 10786 | 49 | 8813 | 8633 | 44 |
|  Below investment grade | 288 | 283 | 1 | 326 | 326 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total fixed maturities | $23127 | $22259 | 100% | $19871 | $19374 | 100% |

---

As of December 31, 2024 and 2023, approximately 55% and 61%, respectively, of securities rated AA were GNMA, FNMA and FHLMC mortgage backed securities. As of December 31, 2024, the Company had holdings in Ameriprise Advisor Financing 2, LLC ("AAF 2"), an affiliate of the Company, totaling $567 million that was 48% of the Company's total shareholder's equity. During June of 2024, the Company invested $310 million in new asset backed securities issued by Ameriprise Installment Financing, LLC. The asset backed securities are collateralized by a portfolio of loans issued to advisors affiliated with AFS, an affiliated broker dealer. As of December 31, 2024, the fair value of these asset backed securities was $312 million which represents 26% of the Company's total shareholder's equity. Also, the Company had an additional 47 issuers with holdings totaling $8.7 billion that individually were between 10% and 27% of the Company's total shareholder's equity as of December 31, 2024. As of December 31, 2023, the Company had holdings in AAF 2 totaling $554 million that was 48% of the Company's total shareholder's equity. Also, the Company had an additional 34 issuers with holdings totaling $5.8 billion that individually were between 10% and 23% of the Company's total shareholder's equity as of December 31, 2023. There were no other holdings of any other issuer greater than 10% of the Company's total shareholder's equity as of December 31, 2024 and 2023.

**F-174** 

------

*RiverSource Life Insurance Company* 

The following tables summarize the fair value and gross unrealized losses on Available-for-Sale securities, aggregated by major investment type and the length of time that individual securities have been in a continuous unrealized loss position for which no allowance for credit losses has been recorded:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| <br>**(in millions, except number of securities)** | **Less than 12 months** | **Less than 12 months** | **Less than 12 months** | **12 months or more** | **12 months or more** | **12 months or more** | **Total** | **Total** | **Total** |
| **Description of Securities** | **Number of<br>Securities** | **Fair<br>Value** | **Unrealized<br>Losses** | **Number of<br>Securities** | **Fair<br>Value** | **Unrealized<br>Losses** | **Number of<br>Securities** | **Fair<br>Value** | **Unrealized<br>Losses** |
|  Corporate debt securities | 275 | $5272 | $(177) | 277 | $3975 | $(532) | 552 | $9247 | $(709) |
|  Residential mortgage backed securities | 75 | 1245 | (25) | 189 | 1633 | (253) | 264 | 2878 | (278) |
|  Commercial mortgage backed securities | 16 | 265 | (5) | 166 | 1589 | (109) | 182 | 1854 | (114) |
|  State and municipal obligations | 20 | 56 | (2) | 44 | 133 | (17) | 64 | 189 | (19) |
|  Asset backed securities | 6 | 57 | (1) | 15 | 73 | (7) | 21 | 130 | (8) |
|  Foreign government bonds and obligations |  |  |  | 2 | 6 |  | 2 | 6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 392 | $6895 | $(210) | 693 | $7409 | $(918) | 1085 | $14304 | $(1128) |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
| <br>**(in millions, except number of securities)** | **Less than 12 months** | **Less than 12 months** | **Less than 12 months** | **12 months or more** | **12 months or more** | **12 months or more** | **Total** | **Total** | **Total** |
| **Description of Securities** | **Number of<br>Securities** | **Fair<br>Value** | **Unrealized<br>Losses** | **Number of<br>Securities** | **Fair<br>Value** | **Unrealized<br>Losses** | **Number of<br>Securities** | **Fair<br>Value** | **Unrealized<br>Losses** |
|  Corporate debt securities | 43 | $410 | $(8) | 340 | $4735 | $(489) | 383 | $5145 | $(497) |
|  Residential mortgage backed securities | 30 | 389 | (4) | 204 | 2114 | (260) | 234 | 2503 | (264) |
|  Commercial mortgage backed securities | 20 | 264 | (4) | 196 | 2062 | (189) | 216 | 2326 | (193) |
|  State and municipal obligations | 5 | 29 | (1) | 47 | 137 | (18) | 52 | 166 | (19) |
|  Asset backed securities | 5 | 102 |  | 32 | 684 | (21) | 37 | 786 | (21) |
|  U.S. government and agency obligations | 1 |  |  |  |  |  | 1 |  |  |
|  Foreign government bonds and obligations |  |  |  | 2 | 6 |  | 2 | 6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 104 | $1194 | $(17) | 821 | $9738 | $(977) | 925 | $10932 | $(994) |

---

As part of the Company's ongoing monitoring process, management determined that the increase in gross unrealized loss on its Available-for-Sale securities for which an allowance for credit losses has not been recognized during the year ended December 31, 2024 is primarily attributable to higher interest rates. The Company did not recognize these unrealized losses in earnings because it was determined that such losses were due to non-credit factors. The Company does not intend to sell these securities and does not believe that it is more likely than not that the Company will be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. As of December 31, 2024 and 2023, approximately 96% and 94%, respectively, of the total of Available-for-Sale securities with gross unrealized losses were considered investment grade.

The following table presents a rollforward of the allowance for credit losses on Available-for-Sale securities:

---

| | | | |
|:---|:---|:---|:---|
| **(in millions)** | **Corporate Debt**<br> **Securities** | **State and<br>Municipal**<br> **Obligations** | **Total** |
|  Balance at January 1, 2022 | $— | $1 | $1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions for which credit losses were not previously recorded | 20 |  | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additional increases (decreases) on securities that had an allowance recorded in a previous period |  | 1 | 1 |
|  Balance at December 31, 2022 | 20 | 2 | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions for which credit losses were not previously recorded | 1 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reductions for securities sold during the period (realized) | (20) | (1) | (21) |
|  Balance at December 31, 2023 | 1 | 1 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reductions for securities sold during the period (realized) | (1) |  | (1) |
|  Balance at December 31, 2024 | $— | $1 | $1 |

---

**F-175** 

------

*RiverSource Life Insurance Company* 

Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in Net realized investment gains (losses) were as follows:

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| <br>**(in millions)** | **2024** | **2023** | **2022** |
|  Gross realized investment gains | $34 | $11 | $28 |
|  Gross realized investment losses | (46) | (57) | (25) |
|  Credit reversals (losses) | 1 | 20 | (21) |
|  Other impairments |  | (1) | (70) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $(11) | $(27) | $(88) |

---

Credit losses recorded during the year ended December 31, 2022 and subsequently reversed due to sale of the security during the year ended December 31, 2023 relate to a corporate debt security in the communications industry. Other impairments for the years ended December 31, 2023 and 2022 related to Available-for-Sale securities which the Company intended to sell.

See Note 19 for a rollforward of net unrealized investment gains (losses) included in AOCI.

Available-for-Sale securities by contractual maturity as of December 31, 2024 were as follows:

---

| | | |
|:---|:---|:---|
| **(in millions)** | **Amortized**<br> **Cost** | **Fair Value** |
|  Due within one year | $296 | $294 |
|  Due after one year through five years | 2362 | 2300 |
|  Due after five years through 10 years | 5507 | 5216 |
|  Due after 10 years | 6273 | 6127 |
|  | 14438 | 13937 |
|  Residential mortgage backed securities | 4302 | 4039 |
|  Commercial mortgage backed securities | 2211 | 2100 |
|  Asset backed securities | 2176 | 2183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $23127 | $22259 |

---

Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Residential mortgage backed securities, commercial mortgage backed securities and asset backed securities are not due at a single maturity date. As such, these securities were not included in the maturities distribution.

The following is a summary of Net investment income:

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| <br>**(in millions)** | **2024** | **2023** | **2022** |
|  Fixed maturities | $1026 | $830 | $615 |
|  Mortgage loans | 73 | 69 | 73 |
|  Other investments | 473 | 431 | 159 |
|  | 1572 | 1330 | 847 |
|  Less: investment expenses | 26 | 26 | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $1546 | $1304 | $827 |

---

Net realized investment gains (losses) are summarized as follows:

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| <br>**(in millions)** | **2024** | **2023** | **2022** |
|  Fixed maturities | $(11) | $(27) | $(88) |
|  Mortgage loans | (1) | 1 | (1) |
|  Other investments | (69) | (44) | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $(81) | $(70) | $(100) |

---

**7. FINANCING RECEIVABLES** 

Financing receivables are comprised of commercial loans, policy loans and deposit receivables. See Note 2 for information regarding the Company's accounting policies related to financing receivables and the allowance for credit losses.

**F-176** 

------

*RiverSource Life Insurance Company* 

**Allowance for Credit Losses** 

The following table presents a rollforward of the allowance for credit losses:

---

| | |
|:---|:---|
| **(in millions)** | **Commercial<br>Loans** |
|  Balance at January 1, 2022 | $12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | 1 |
|  Charge-offs | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Balance at December 31, 2022 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | (1) |
|  Balance at December 31, 2023 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions |  |
|  Balance at December 31, 2024 | $10 |

---

As of December 31, 2024 and 2023, accrued interest on commercial loans was $17 million and $15 million, respectively, and is recorded in Accrued investment income and excluded from the amortized cost basis of commercial loans.

**Purchases and Sales** 

During the years ended December 31, 2024, 2023 and 2022, the Company purchased $3 million, $1 million and $42 million, respectively, of syndicated loans, and sold $2 million, $1 million and nil, respectively, of syndicated loans.

The Company has not acquired any loans with deteriorated credit quality as of the acquisition date.

**Credit Quality Information** 

There were no nonperforming loans as of both December 31, 2024 and 2023. All loans were considered to be performing.

*Commercial Loans* 

*Commercial Mortgage Loans* 

The Company reviews the credit worthiness of the borrower and the performance of the underlying properties in order to determine the risk of loss on commercial mortgage loans. Loan-to-value ratio is the primary credit quality indicator included in this review.

Based on this review, the commercial mortgage loans are assigned an internal risk rating, which management updates when credit risk changes. Commercial mortgage loans which management has assigned its highest risk rating were less than 1% of total commercial mortgage loans as of both December 31, 2024 and 2023. Loans with the highest risk rating represent distressed loans which the Company has identified as impaired or expects to become delinquent or enter into foreclosure within the next six months. There were no commercial mortgage loans past due as of both December 31, 2024 and 2023.

The tables below present the amortized cost basis of commercial mortgage loans by year of origination and loan-to-value ratio:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| <br>**Loan-to-Value Ratio (in millions)** | **2024** | **2023** | **2022** | **2021** | **2020** | **Prior** | **Total** |
|  > 100% | $— | $— | $— | $— | $— | $15 | $15 |
|  80% – 100% |  |  |  |  | 10 | 48 | 58 |
|  60% – 80% | 83 | 39 | 13 | 9 | 6 | 121 | 271 |
|  40% – 60% | 87 | 22 | 39 | 67 | 37 | 338 | 590 |
|  < 40% | 13 | 7 | 47 | 94 | 46 | 666 | 873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $183 | $68 | $99 | $170 | $99 | $1188 | $1807 |
|  | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
| **Loan-to-Value Ratio (in millions)** | **2023** | **2022** | **2021** | **2020** | **2019** | **Prior** | **Total** |
|  > 100% | $— | $— | $— | $— | $2 | $20 | $22 |
|  80% – 100% |  |  |  | 2 | 11 | 49 | 62 |
|  60% – 80% | 55 | 26 | 6 | 14 | 40 | 102 | 243 |
|  40% – 60% | 7 | 46 | 129 | 49 | 65 | 343 | 639 |
|  < 40% | 7 | 31 | 43 | 37 | 71 | 580 | 769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $69 | $103 | $178 | $102 | $189 | $1094 | $1735 |

---

Loan-to-value ratio is based on income and expense data provided by borrowers at least annually and long-term capitalization rate assumptions based on property type. For the year ended December 31, 2024, write-offs of commercial mortgage loans were not material.

**F-177** 

------

*RiverSource Life Insurance Company* 

In addition, the Company reviews the concentrations of credit risk by region and property type. Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Loans** | **Loans** | **Percentage** | **Percentage** |
| | **December 31,** | **December 31,** | **December 31,** | **December 31,** |
| <br>**(in millions)** | **2024** | **2023** | **2024** | **2023** |
|  East North Central | $177 | $180 | 10% | 10% |
|  East South Central | 40 | 47 | 2 | 3 |
|  Middle Atlantic | 118 | 97 | 7 | 6 |
|  Mountain | 149 | 130 | 8 | 8 |
|  New England | 24 | 21 | 1 | 1 |
|  Pacific | 602 | 595 | 33 | 34 |
|  South Atlantic | 477 | 452 | 26 | 26 |
|  West North Central | 117 | 105 | 7 | 6 |
|  West South Central | 103 | 108 | 6 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $1807 | $1735 | 100% | 100% |

---

Concentrations of credit risk of commercial mortgage loans by property type were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Loans** | **Loans** | **Percentage** | **Percentage** |
| | **December 31,** | **December 31,** | **December 31,** | **December 31,** |
| <br>**(in millions)** | **2024** | **2023** | **2024** | **2023** |
|  Apartments | $494 | $454 | 27% | 26% |
|  Hotel | 33 | 13 | 2 | 1 |
|  Industrial | 337 | 293 | 19 | 17 |
|  Mixed use | 58 | 54 | 3 | 3 |
|  Office | 208 | 230 | 12 | 13 |
|  Retail | 533 | 546 | 29 | 32 |
|  Other | 144 | 145 | 8 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $1807 | $1735 | 100% | 100% |

---

*Syndicated Loans* 

The investment in syndicated loans as of December 31, 2024 and 2023 was $36 million and $57 million, respectively. The Company's syndicated loan portfolio is diversified across industries and issuers. There were no syndicated loans past due as of both December 31, 2024 and 2023. The Company assigns an internal risk rating to each syndicated loan in its portfolio ranging from 1 through 5, with 5 reflecting the lowest quality. For the year ended December 31, 2024, write-offs of syndicated loans were not material.

The tables below present the amortized cost basis of syndicated loans by origination year and internal risk rating:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| <br>**Internal Risk Rating (in millions)** | **2024** | **2023** | **2022** | **2021** | **2020** | **Prior** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk 5 | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk 4 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk 3 |  |  |  | 4 |  |  | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk 2 | 10 | 1 |  | 1 |  | 5 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk 1 | 11 | 1 |  | 2 | 1 |  | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $21 | $2 | $— | $7 | $1 | $5 | $36 |
|  | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
| **Internal Risk Rating (in millions)** | **2023** | **2022** | **2021** | **2020** | **2019** | **Prior** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk 5 | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk 4 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk 3 |  |  | 7 |  | 1 | 1 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk 2 | 6 | 1 | 9 | 2 | 6 |  | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk 1 | 6 | 2 | 9 | 1 | 5 | 1 | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $12 | $3 | $25 | $3 | $12 | $2 | $57 |

---

**F-178** 

------

*RiverSource Life Insurance Company* 

*Policy Loans* 

Policy loans do not exceed the cash surrender value at origination. As there is minimal risk of loss related to policy loans, there is no allowance for credit losses.

*Deposit Receivables* 

Deposit receivables were $5.8 billion and $6.5 billion as of December 31, 2024 and 2023, respectively. Deposit receivables are collateralized by the fair value of the assets held in trusts. Based on management's evaluation of the collateral value relative to the deposit receivables, the allowance for credit losses for deposit receivables was not material as of both December 31, 2024 and 2023.

**Modifications with Borrowers Experiencing Financial Difficulty** 

Modifications of financing receivables with borrowers experiencing financial difficulty by the Company were not material for the years ended December 31, 2024 and 2023.

**8. DEFERRED ACQUISITION COSTS AND DEFERRED SALES INDUCEMENT COSTS** 

The following tables summarize the balances of and changes in DAC:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **(in millions)** | **Variable<br>Annuities** | **Structured**<br> **Variable**<br> **Annuities** | **Fixed<br>Annuities** | **Fixed Indexed<br>Annuities** | **Universal Life<br>Insurance** | **Variable<br>Universal Life**<br> **Insurance** |
|  Balance at January 1, 2024 | $1481 | $208 | $35 | $5 | $110 | $534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capitalization of acquisition costs | 24 | 98 |  |  |  | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization | (117) | (30) | (7) | (1) | (7) | (45) |
|  Balance at December 31, 2024 | $1388 | $276 | $28 | $4 | $103 | $553 |
| **(in millions)** | **Indexed<br>Universal Life<br>Insurance** | **Other Life<br>Insurance** | **Life<br>Contingent<br>Payout<br>Annuities** | **Term and<br>Whole Life<br>Insurance** | **Disability<br>Income<br>Insurance** | **Total,<br>All Products** |
|  Balance at January 1, 2024 | $223 | $2 | $6 | $17 | $75 | $2696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capitalization of acquisition costs | 3 |  | 5 | 2 | 3 | 199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization | (16) |  | (1) | (2) | (8) | (234) |
|  Balance at December 31, 2024 | $210 | $2 | $10 | $17 | $70 | $2661 |
| **(in millions)** | **Variable<br>Annuities** | **Structured**<br> **Variable<br>Annuities** | **Fixed<br>Annuities** | **Fixed Indexed<br>Annuities** | **Universal Life<br>Insurance** | **Variable<br>Universal Life<br>Insurance** |
|  Balance at January 1, 2023 | $1582 | $149 | $45 | $6 | $118 | $521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capitalization of acquisition costs | 23 | 83 |  |  |  | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization | (124) | (24) | (10) | (1) | (8) | (44) |
|  Balance at December 31, 2023 | $1481 | $208 | $35 | $5 | $110 | $534 |
| **(in millions)** | **Indexed<br>Universal Life<br>Insurance** | **Other Life<br>Insurance** | **Life<br>Contingent<br>Payout<br>Annuities** | **Term and<br>Whole Life<br>Insurance** | **Disability<br>Income<br>Insurance** | **Total, All<br>Products** |
|  Balance at January 1, 2023 | $236 | $3 | $2 | $18 | $79 | $2759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capitalization of acquisition costs | 4 |  | 4 | 1 | 4 | 176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization | (17) | (1) |  | (2) | (8) | (239) |
|  Balance at December 31, 2023 | $223 | $2 | $6 | $17 | $75 | $2696 |

---

The following tables summarize the balances of and changes in DSIC:

---

| | | | |
|:---|:---|:---|:---|
| **(in millions)** | **Variable Annuities** | **Fixed Annuities** | **Total,<br>All Products** |
|  Balance at January 1, 2024 | $134 | $12 | $146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization | (13) | (2) | (15) |
|  Balance at December 31, 2024 | $121 | $10 | $131 |
| **(in millions)** | **Variable Annuities** | **Fixed Annuities** | **Total,<br>All Products** |
|  Balance at January 1, 2023 | $149 | $16 | $165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization | (15) | (4) | (19) |
|  Balance at December 31, 2023 | $134 | $12 | $146 |

---

**F-179** 

------

*RiverSource Life Insurance Company* 

**9. REINSURANCE** 

The Company reinsures a portion of its insurance risks through reinsurance agreements with unaffiliated reinsurance companies. The Company reinsures 100% of its insurance risk associated with its life contingent payout annuity policies in force as of June 30, 2021 through a reinsurance agreement with Global Atlantic Financial Group's subsidiary Commonwealth Annuity and Life Insurance Company. Policies issued on or after July 1, 2021 and policies issued by RiverSource Life of NY are not subject to this reinsurance agreement.

Reinsurance contracts do not relieve the Company from its primary obligation to policyholders.

The Company generally reinsures 90% of the death benefit liability for new term life insurance policies beginning in 2001 (RiverSource Life of NY began in 2002) and new individual UL and VUL insurance policies beginning in 2002 (2003 for RiverSource Life of NY). Policies issued prior to these dates are not subject to these same reinsurance levels.

For IUL policies issued after September 1, 2013 and VUL policies issued after January 1, 2014, the Company generally reinsures 50% of the death benefit liability. Similarly, the Company reinsures 50% of the death benefit and morbidity liabilities related to its UL product with LTC benefits.

The maximum amount of life insurance risk the Company will retain is $10 million on a single life and $10 million on any flexible premium survivorship life policy; however, reinsurance agreements are in place such that retaining more than $1.5 million of insurance risk on a single life or a flexible premium survivorship life policy is very unusual. Risk on UL and VUL policies is reinsured on a yearly renewable term basis. Risk on most term life policies starting in 2001 (2002 for RiverSource Life of NY) is reinsured on a coinsurance basis, a type of reinsurance in which the reinsurer participates proportionally in all material risks and premiums associated with a policy.

The Company also has life insurance and fixed annuity risk previously assumed under reinsurance arrangements with unaffiliated insurance companies.

For existing LTC policies, the Company has continued ceding 50% of the risk on a coinsurance basis to subsidiaries of Genworth Financial, Inc. ("Genworth") and retains the remaining risk. For RiverSource Life of NY, this reinsurance arrangement applies for 1996 and later issues only, which are about 90% of the total RiverSource Life of NY in force policies. Under these agreements, the Company has the right, but never the obligation, to recapture some, or all, of the risk ceded to Genworth.

Generally, the Company retains at most $5,000 per month of risk per life on DI policies sold on policy forms introduced in most states starting in 2007 (2010 for RiverSource Life of NY) and reinsures the remainder of the risk on a coinsurance basis with unaffiliated reinsurance companies. The Company retains all risk for new claims on DI contracts sold prior to 2007 (2010 for RiverSource Life of NY). The Company also retains all risk on accidental death benefit claims and substantially all risk associated with waiver of premium provisions.

As of December 31, 2024 and 2023, traditional life and UL insurance policies in force were $198.1 billion and $198.8 billion, respectively, of which $143.5 billion and $144.7 billion as of December 31, 2024 and 2023 were reinsured at the respective year ends.

The effect of reinsurance on premiums for traditional long-duration products was as follows:

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| <br>**(in millions)** | **2024** | **2023** | **2022** |
|  Direct premiums | $696 | $674 | $530 |
|  Reinsurance ceded | (224) | (226) | (224) |
|  Net premiums | $472 | $448 | $306 |

---

Policy and contract charges are presented on the Consolidated Statements of Income net of $188 million, $180 million and $165 million of reinsurance ceded for non-traditional long-duration products for the years ended December 31, 2024, 2023 and 2022, respectively.

The amount of claims recovered through reinsurance on all contracts was $466 million, $438 million and $435 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Reinsurance recoverables include approximately $2.6 billion and $2.8 billion related to LTC risk ceded to Genworth as of December 31, 2024 and 2023, respectively.

Policyholder account balances, future policy benefits and claims include $351 million and $376 million related to previously assumed reinsurance arrangements as of December 31, 2024 and 2023, respectively.

**F-180** 

------

*RiverSource Life Insurance Company* 

**10. POLICYHOLDER ACCOUNT BALANCES, FUTURE POLICY BENEFITS AND CLAIMS** 

Policyholder account balances, future policy benefits and claims consisted of the following:

---

| | | |
|:---|:---|:---|
| **(in millions)** | **December 31,**<br> **2024** | **December 31,**<br> **2023** |
|  **Policyholder account balances** |  |  |
|  Policyholder account balances | $32542 | $27947 |
|  **Future policy benefits** |  |  |
|  Reserve for future policy benefits | 7418 | 7763 |
|  Deferred profit liability | 118 | 81 |
|  Additional liabilities for insurance guarantees | 1389 | 1321 |
|  Other insurance and annuity liabilities | 192 | 213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total future policy benefits | 9117 | 9378 |
|  Policy claims and other policyholders' funds | 204 | 210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total policyholder account balances, future policy benefits and claims | $41863 | $37535 |

---

*Variable Annuities* 

Purchasers of variable annuities can select from a variety of investment options and can elect to allocate a portion to a fixed account. A vast majority of the premiums received for variable annuity contracts are held in separate accounts where the assets are held for the exclusive benefit of those contractholders.

Most of the variable annuity contracts issued by the Company contain a GMDB. The Company previously offered contracts with GMAB, GMWB, and GMIB provisions. See Note 2 and Note 12 for information regarding the Company's variable annuity guarantees. See Note 14 and Note 18 for additional information regarding the Company's derivative instruments used to hedge risks related to these guarantees.

*Structured Variable Annuities* 

Structured variable annuities provide contractholders the option to allocate a portion of their account value to an indexed account held in a non-insulated separate account with the contractholder's rate of return, which may be positive or negative, tied to selected indices. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the equity and interest rate risk related to the indexed account with freestanding derivative instruments.

*Fixed Annuities* 

Fixed annuities include deferred, payout and fixed deferred indexed annuity contracts. In 2020, the Company discontinued sales of fixed deferred and fixed deferred indexed annuities.

Deferred contracts offer a guaranteed minimum rate of interest and security of the principal invested. Payout contracts guarantee a fixed income payment for life or the term of the contract. Liabilities for fixed annuities in a benefit or payout status are based on future estimated payments using established industry mortality tables and interest rates.

The Company's fixed index annuity product is a fixed annuity that includes an indexed account. The rate of interest credited above the minimum guarantee for funds allocated to the indexed account is linked to the performance of the specific index for the indexed account (subject to a cap). The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value.

See Note 18 for additional information regarding the Company's derivative instruments used to hedge the risk related to indexed accounts.

*Insurance Liabilities* 

UL policies accumulate cash value that increases by a fixed interest rate. Purchasers of VUL can select from a variety of investment options and can elect to allocate a portion of their account balance to a fixed account or a separate account. A vast majority of the premiums received for VUL policies are held in separate accounts where the assets are held for the exclusive benefit of those policyholders.

IUL is a UL policy that includes an indexed account. The rate of credited interest for funds allocated by a contractholder to the indexed account is linked to the performance of the specific index for the indexed account (subject to stated account parameters, which include a cap and floor, or a spread). The policyholder may allocate all or a portion of the policy value to a fixed or any available indexed account. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with freestanding derivative instruments. See Note 18 for additional information regarding the Company's derivative instruments used to hedge the risk related to IUL.

**F-181** 

------

*RiverSource Life Insurance Company* 

The Company also offers term life insurance as well as DI products. The Company no longer offers standalone LTC products and whole life insurance but has in force policies from prior years.

Insurance liabilities include accumulation values, incurred but not reported claims, obligations for anticipated future claims, unpaid reported claims and claim adjustment expenses.

The balances of and changes in policyholder account balances were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **(in millions, except percentages)** | **Variable<br>Annuities** | **Structured<br>Variable**<br> **Annuities** | **Fixed<br>Annuities** | **Fixed Indexed<br>Annuities** | **Non-Life<br>Contingent**<br> **Payout Annuities** |
|  Balance at January 1, 2024 | $4173 | $10742 | $5982 | $307 | $444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract deposits | 56 | 4005 | 39 |  | 101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policy charges | (14) | (3) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrenders and other benefits | (628) | (383) | (856) | (16) | (110) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net transfer from (to) separate account liabilities | (32) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable account index-linked adjustments |  | 1968 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest credited | 125 | 1 | 204 | 14 | 12 |
|  Balance at December 31, 2024 | $3680 | $16330 | $5369 | $305 | $447 |
|  Weighted-average crediting rate | 3.3% | 1.9% | 3.7% | 2.0% | N/A |
|  Cash surrender value<sup>(1)</sup> | $3658 | $15467 | $5365 | $279 | N/A |
| **(in millions, except percentages)** | **Universal Life<br>Insurance** | **Variable<br>Universal Life<br>Insurance** | **Indexed<br>Universal Life<br>Insurance** | **Other Life<br>Insurance** | **Total, All<br>Products** |
|  Balance at January 1, 2024 | $1474 | $1569 | $2755 | $501 | $27947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract deposits | 117 | 333 | 181 |  | 4832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policy charges | (173) | (93) | (124) |  | (407) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrenders and other benefits | (62) | (80) | (79) | (52) | (2266) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net transfer from (to) separate account liabilities |  | (145) |  |  | (177) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable account index-linked adjustments |  |  |  |  | 1968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest credited | 49 | 63 | 161 | 16 | 645 |
|  Balance at December 31, 2024 | $1405 | $1647 | $2894 | $465 | $32542 |
|  Weighted-average crediting rate | 3.6% | 3.9% | 2.3% | 4.0% |  |
|  Net amount at risk | $8312 | $57473 | $13593 | $130 |  |
|  Cash surrender value<sup>(1)</sup> | $1280 | $1092 | $2447 | $298 |  |
| **(in millions, except<br>percentages)** | **Variable<br>Annuities** | **Structured<br>Variable<br>Annuities** | **Fixed**<br> **Annuities** | **Fixed Indexed<br>Annuities** | **Non-Life<br>Contingent<br>Payout Annuities** |
|  Balance at January 1, 2023 | $4752 | $6410 | $6799 | $312 | $471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract deposits | 73 | 3084 | 47 |  | 91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policy charges | (10) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrenders and other benefits | (759) | (156) | (1086) | (10) | (127) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net transfer from (to) separate account liabilities | (25) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable account index-linked adjustments |  | 1403 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest credited | 142 | 1 | 222 | 5 | 9 |
|  Balance at December 31, 2023 | $4173 | $10742 | $5982 | $307 | $444 |
|  Weighted-average crediting rate | 3.3% | 1.8% | 3.6% | 2.0% | N/A |
|  Cash surrender value<sup>(1)</sup> | $4146 | $10129 | $5974 | $278 | N/A |

---

**F-182** 

------

*RiverSource Life Insurance Company* 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **(in millions, except percentages)** | **Universal Life<br>Insurance** | **Variable<br>Universal Life**<br> **Insurance** | **Indexed<br>Universal Life**<br> **Insurance** | **Other Life<br>Insurance** | **Total,<br>All Products** |
|  Balance at January 1, 2023 | $1544 | $1520 | $2654 | $524 | $24986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract deposits | 123 | 272 | 193 | 1 | 3884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policy charges | (176) | (94) | (121) |  | (401) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrenders and other benefits | (69) | (78) | (53) | (44) | (2382) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net transfer from (to) separate account liabilities |  | (107) |  |  | (132) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable account index-linked adjustments |  |  |  |  | 1403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest credited | 52 | 56 | 82 | 20 | 589 |
|  Balance at December 31, 2023 | $1474 | $1569 | $2755 | $501 | $27947 |
|  Weighted-average crediting rate | 3.6% | 3.9% | 2.0% | 4.0% |  |
|  Net amount at risk | $8740 | $57291 | $14407 | $141 |  |
|  Cash surrender value<sup>(1)</sup> | $1330 | $1065 | $2271 | $326 |  |

---

<sup>(1)</sup> Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. For variable annuities and VUL, the cash surrender value shown is the proportion of the total cash surrender value related to their fixed account liabilities. 

Refer to Note 12 for the net amount at risk for market risk benefits associated with variable and structured variable annuities. Fixed, fixed indexed, and non-life contingent payout annuities do not have net amount at risk in excess of account value. Net amount at risk for insurance products is calculated as the death benefit amount in excess of applicable account values, host, embedded derivative, and separate account liabilities.

The following tables present the account values of fixed deferred annuities, fixed insurance, and the fixed portion of variable annuities and variable insurance contracts by range of guaranteed minimum interest rates ("GMIRs") and the range of the difference between rates credited to policyholders and contractholders as of December 31, 2024 and 2023 and the respective guaranteed minimums, as well as the percentage of account values subject to rate reset in the time period indicated. Rates are reset at management's discretion, subject to guaranteed minimums.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | |  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| | |  | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** |
| <br>**(in millions, except percentages)** | **Range of** <br> **Guaranteed<br>Minimum**<br> **Crediting** <br> **Rates** | **Range of** <br> **Guaranteed<br>Minimum**<br> **Crediting** <br> **Rates** | **At<br>Guaranteed<br>Minimum** | **1-49 bps**<br> **above<br>Guaranteed<br>Minimum** | **50-99 bps**<br> **above<br>Guaranteed<br>Minimum** | **100-150 bps**<br> **above<br>Guaranteed<br>Minimum** | **Greater than<br>150 bps**<br> **above<br>Guaranteed<br>Minimum** | **Total** |
|  Fixed accounts of variable annuities | 1% | 1.99% | $24 | $95 | $65 | $17 | $— | $201 |
|  | 2% | 2.99% | 112 |  |  |  |  | 112 |
|  | 3% | 3.99% | 1894 | 7 |  | 1 |  | 1902 |
|  | 4% | 5.00% | 1412 |  |  |  |  | 1412 |
|  | Total |  | $3442 | $102 | $65 | $18 | $— | $3627 |
|  Fixed accounts of structured variable annuities | 1% | 1.99% | $2 | $20 | $9 | $— | $— | $31 |
|  | 2% | 2.99% | 13 |  |  |  |  | 13 |
|  | 3% | 3.99% | 1 |  |  |  |  | 1 |
|  | 4% | 5.00% |  |  |  |  |  |  |
|  | Total |  | $16 | $20 | $9 | $— | $— | $45 |
|  Fixed annuities | 1% | 1.99% | $85 | $237 | $152 | $89 | $14 | $577 |
|  | 2% | 2.99% | 22 | 14 | 2 |  |  | 38 |
|  | 3% | 3.99% | 2410 |  |  |  |  | 2410 |
|  | 4% | 5.00% | 2331 |  |  |  |  | 2331 |
|  | Total |  | $4848 | $251 | $154 | $89 | $14 | $5356 |
|  Non-indexed accounts of fixed indexed annuities | 1% | 1.99% | $— | $2 | $5 | $14 | $— | $21 |
|  | 2% | 2.99% |  |  |  |  |  |  |
|  | 3% | 3.99% |  |  |  |  |  |  |
|  | 4% | 5.00% |  |  |  |  |  |  |
|  | Total |  | $— | $2 | $5 | $14 | $— | $21 |
|  Universal life insurance | 1% | 1.99% | $— | $— | $— | $— | $— | $— |
|  | 2% | 2.99% | 50 | 4 | 15 |  |  | 69 |
|  | 3% | 3.99% | 821 |  | 4 | 6 |  | 831 |
|  | 4% | 5.00% | 473 | 4 |  |  |  | 477 |
|  | Total |  | $1344 | $8 | $19 | $6 | $— | $1377 |

---

**F-183** 

------

*RiverSource Life Insurance Company* 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| | | | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** |
| <br>**(in millions,**<br> **except percentages)** | **Range of** <br> **Guaranteed<br>Minimum**<br> **Crediting** <br> **Rates** | **Range of** <br> **Guaranteed<br>Minimum**<br> **Crediting** <br> **Rates** | **At<br>Guaranteed<br>Minimum** | **1-49 bps above<br>Guaranteed<br>Minimum** | **50-99 bps above<br>Guaranteed<br>Minimum** | **100-150 bps above<br>Guaranteed<br>Minimum** | **Greater than<br>150 bps above<br>Guaranteed<br>Minimum** | **Total** |
|  Fixed accounts of variable universal life insurance | 1% | 1.99% | $— | $— | $4 | $1 | $41 | $46 |
|  | 2% | 2.99% | 7 | 14 |  | 1 | 12 | 34 |
|  | 3% | 3.99% | 108 | 1 | 2 | 12 |  | 123 |
|  | 4% | 5.00% | 564 | 21 |  |  |  | 585 |
|  | Total |  | $679 | $36 | $6 | $14 | $53 | $788 |
|  Non-indexed accounts of indexed universal life insurance | 1% | 1.99% | $— | $— | $4 | $2 | $— | $6 |
|  | 2% | 2.99% |  | 125 |  |  |  | 125 |
|  | 3% | 3.99% |  |  |  |  |  |  |
|  | 4% | 5.00% |  |  |  |  |  |  |
|  | Total |  | $— | $125 | $4 | $2 | $— | $131 |
|  Other life insurance | 1% | 1.99% | $— | $— | $— | $— | $— | $— |
|  | 2% | 2.99% |  |  |  |  |  |  |
|  | 3% | 3.99% | 28 |  |  |  |  | 28 |
|  | 4% | 5.00% | 268 |  |  |  |  | 268 |
|  | Total |  | $296 | $— | $— | $— | $— | $296 |
|  Total | 1% | 1.99% | $111 | $354 | $239 | $123 | $55 | $882 |
|  | 2% | 2.99% | 204 | 157 | 17 | 1 | 12 | 391 |
|  | 3% | 3.99% | 5262 | 8 | 6 | 19 |  | 5295 |
|  | 4% | 5.00% | 5048 | 25 |  |  |  | 5073 |
|  | Total |  | $10625 | $544 | $262 | $143 | $67 | $11641 |
|  **Percentage of total account values that reset in:** |  |  |  |  |  |  |  |  |
|  Next 12 months |  |  | 100.0% | 100.0% | 99.9% | 100.0% | 99.8% | 100.0% |
|  > 12 months to 24 months |  |  |  |  |  |  |  |  |
|  > 24 months |  |  |  |  | 0.1 |  | 0.2 |  |
|  Total |  |  | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
|  |  |  | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
|  |  |  | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** |
| **(in millions, except<br>percentages)** | **Range of** <br> **Guaranteed<br>Minimum**<br> **Crediting** <br> **Rates** | **Range of** <br> **Guaranteed<br>Minimum**<br> **Crediting** <br> **Rates** | **At<br>Guaranteed<br>Minimum** | **1-49 bps above<br>Guaranteed<br>Minimum** | **50-99 bps above<br>Guaranteed<br>Minimum** | **100-150 bps above<br>Guaranteed<br>Minimum** | **Greater than<br>150 bps above<br>Guaranteed<br>Minimum** | **Total** |
|  Fixed accounts of variable annuities | 1% | 1.99% | $43 | $131 | $52 | $15 | $2 | $243 |
|  | 2% | 2.99% | 137 | 1 |  |  |  | 138 |
|  | 3% | 3.99% | 2214 |  |  | 1 |  | 2215 |
|  | 4% | 5.00% | 1514 |  |  |  |  | 1514 |
|  | Total |  | $3908 | $132 | $52 | $16 | $2 | $4110 |
|  Fixed accounts of structured variable annuities | 1% | 1.99% | $1 | $18 | $7 | $2 | $— | $28 |
|  | 2% | 2.99% | 11 |  |  |  |  | 11 |
|  | 3% | 3.99% |  |  |  |  |  |  |
|  | 4% | 5.00% |  |  |  |  |  |  |
|  | Total |  | $12 | $18 | $7 | $2 | $— | $39 |
|  Fixed annuities | 1% | 1.99% | $107 | $377 | $183 | $93 | $— | $760 |
|  | 2% | 2.99% | 36 | 14 | 1 |  |  | 51 |
|  | 3% | 3.99% | 2816 | 1 |  |  |  | 2817 |
|  | 4% | 5.00% | 2339 |  |  |  |  | 2339 |
|  | Total |  | $5298 | $392 | $184 | $93 | $— | $5967 |

---

**F-184** 

------

*RiverSource Life Insurance Company* 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | |  | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
| | |  | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** | **Account Values with Crediting Rates** |
| <br>**(in millions, except<br>percentages)** | **Range of**<br> **Guaranteed<br>Minimum<br>Crediting**<br> **Rates** | **Range of**<br> **Guaranteed<br>Minimum<br>Crediting**<br> **Rates** | **At<br>Guaranteed<br>Minimum** | **1-49 bps above<br>Guaranteed<br>Minimum** | **50-99 bps above<br>Guaranteed<br>Minimum** | **100-150 bps above<br>Guaranteed<br>Minimum** | **Greater than<br>150 bps above<br>Guaranteed**<br> **Minimum** | **Total** |
|  Non-indexed accounts of fixed indexed annuities | 1% | 1.99% | $— | $2 | $7 | $13 | $— | $22 |
|  | 2% | 2.99% |  |  |  |  |  |  |
|  | 3% | 3.99% |  |  |  |  |  |  |
|  | 4% | 5.00% |  |  |  |  |  |  |
|  | Total |  | $— | $2 | $7 | $13 | $— | $22 |
|  Universal life insurance | 1% | 1.99% | $— | $— | $— | $— | $— | $— |
|  | 2% | 2.99% | 51 | 3 | 9 |  |  | 63 |
|  | 3% | 3.99% | 854 | 1 | 4 | 4 |  | 863 |
|  | 4% | 5.00% | 518 | 1 |  |  |  | 519 |
|  | Total |  | $1423 | $5 | $13 | $4 | $— | $1445 |
|  Fixed accounts of variable universal life insurance | 1% | 1.99% | $— | $2 | $4 | $— | $24 | $30 |
|  | 2% | 2.99% | 13 | 12 |  | 1 | 8 | 34 |
|  | 3% | 3.99% | 122 | 2 | 3 | 6 |  | 133 |
|  | 4% | 5.00% | 607 | 6 |  |  |  | 613 |
|  | Total |  | $742 | $22 | $7 | $7 | $32 | $810 |
|  Non-indexed accounts of indexed universal life insurance | 1% | 1.99% | $— | $— | $2 | $— | $— | $2 |
|  | 2% | 2.99% | 128 |  |  |  |  | 128 |
|  | 3% | 3.99% |  |  |  |  |  |  |
|  | 4% | 5.00% |  |  |  |  |  |  |
|  | Total |  | $128 | $— | $2 | $— | $— | $130 |
|  Other life insurance | 1% | 1.99% | $— | $— | $— | $— | $— | $— |
|  | 2% | 2.99% |  |  |  |  |  |  |
|  | 3% | 3.99% | 30 |  |  |  |  | 30 |
|  | 4% | 5.00% | 295 |  |  |  |  | 295 |
|  | Total |  | $325 | $— | $— | $— | $— | $325 |
|  Total | 1% | 1.99% | $151 | $530 | $255 | $123 | $26 | $1085 |
|  | 2% | 2.99% | 376 | 30 | 10 | 1 | 8 | 425 |
|  | 3% | 3.99% | 6036 | 4 | 7 | 11 |  | 6058 |
|  | 4% | 5.00% | 5273 | 7 |  |  |  | 5280 |
|  | Total |  | $11836 | $571 | $272 | $135 | $34 | $12848 |
|  Percentage of total account values that reset in: |  |  |  |  |  |  |  |  |
|  Next 12 months |  |  | 99.9% | 99.5% | 99.3% | 100.0% | 100.0% | 99.9% |
|  > 12 months to 24 months |  |  | 0.1 | 0.5 | 0.6 |  |  | 0.1 |
|  > 24 months |  |  |  |  | 0.1 |  |  |  |
|  | Total |  | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |

---

**F-185** 

------

*RiverSource Life Insurance Company* 

The following tables summarize the balances of and changes in the liability for future policy benefits:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **(in millions, except percentages)** | **Life Contingent<br>Payout**<br> **Annuities** | **Term and<br>Whole Life**<br> **Insurance** | **Disability<br>Income**<br> **Insurance** | **Long Term<br>Care Insurance** | **Total,<br>All Products** |
|  Present Value of Expected Net Premiums: |  |  |  |  |  |
|  Balance at January 1, 2024 | $— | $703 | $104 | $1146 | $1953 |
|  Beginning balance at original discount rate |  | 708 | 105 | 1137 | 1950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in cash flow assumptions |  | 57 | (39) | 55 | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of actual variances from expected experience |  | (16) | (13) | (26) | (55) |
|  Adjusted beginning of year balance | $— | $749 | $53 | $1166 | $1968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuances | 201 | 63 | 9 |  | 273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest accrual | 1 | 38 | 3 | 55 | 97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net premiums collected | (202) | (76) | (6) | (149) | (433) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derecognition (lapses) |  |  |  |  |  |
|  Ending balance at original discount rate | $— | $774 | $59 | $1072 | $1905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in discount rate assumptions |  | (37) | (6) | (15) | (58) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Balance at December 31, 2024 | $— | $737 | $53 | $1057 | $1847 |
|  **Present Value of Future Policy Benefits:** |  |  |  |  |  |
|  Balance at January 1, 2024 | $1164 | $1325 | $661 | $6561 | $9711 |
|  Beginning balance at original discount rate | 1222 | 1291 | 621 | 6507 | 9641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in cash flow assumptions | (24) | 67 | (61) | 58 | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of actual variances from expected experience | (8) | (16) | (25) | (48) | (97) |
|  Adjusted beginning of year balance | $1190 | $1342 | $535 | $6517 | $9584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuances | 201 | 63 | 9 |  | 273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest accrual | 56 | 73 | 34 | 323 | 486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefit payments | (158) | (125) | (43) | (432) | (758) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derecognition (lapses) |  |  |  |  |  |
|  Ending balance at original discount rate | $1289 | $1353 | $535 | $6408 | $9585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in discount rate assumptions | (85) | (31) | 10 | (221) | (327) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Balance at December 31, 2024 | $1204 | $1322 | $545 | $6187 | $9258 |
|  Adjustment due to reserve flooring | $— | $7 | $— | $— | $7 |
|  Net liability for future policy benefits | $1204 | $592 | $492 | $5130 | $7418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: reinsurance recoverable | 759 | 424 | 20 | 2591 | 3794 |
|  Net liability for future policy benefits, after reinsurance recoverable | $445 | $168 | $472 | $2539 | $3624 |
|  Discounted expected future gross premiums | $— | $1672 | $836 | $1247 | $3755 |
|  Expected future gross premiums | $— | $2921 | $1196 | $1713 | $5830 |
|  Expected future benefit payments | $1846 | $2286 | $899 | $10522 | $15553 |
|  Weighted average interest accretion rate | 4.5% | 6.0% | 6.3% | 5.0% |  |
|  Weighted average discount rate | 5.4% | 5.6% | 5.6% | 5.7% |  |
|  Weighted average duration of liability<br>(in years) | 6 | 7 | 7 | 8 |  |

---

**F-186** 

------

*RiverSource Life Insurance Company* 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **(in millions, except percentages)** | **Life Contingent<br>Payout<br>Annuities** | **Term and<br>Whole Life**<br> **Insurance** | **Disability<br>Income**<br> **Insurance** | **Long Term<br>Care Insurance** | **Total,<br>All Products** |
|  **Present Value of Expected Net Premiums:** |  |  |  |  |  |
|  Balance at January 1, 2023 | $— | $686 | $134 | $1207 | $2027 |
|  Beginning balance at original discount rate |  | 708 | 137 | 1220 | 2065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in cash flow assumptions |  | (19) | (19) | 19 | (19) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of actual variances from expected experience |  | (2) | (18) | (3) | (23) |
|  Adjusted beginning of year balance | $— | $687 | $100 | $1236 | $2023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuances | 177 | 55 | 12 |  | 244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest accrual | 1 | 36 | 5 | 59 | 101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net premiums collected | (178) | (70) | (12) | (158) | (418) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derecognition (lapses) |  |  |  |  |  |
|  Ending balance at original discount rate | $— | $708 | $105 | $1137 | $1950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in discount rate assumptions |  | (5) | (1) | 9 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Balance at December 31, 2023 | $— | $703 | $104 | $1146 | $1953 |
|  **Present Value of Future Policy Benefits:** |  |  |  |  |  |
|  Balance at January 1, 2023 | $1065 | $1319 | $696 | $6439 | $9519 |
|  Beginning balance at original discount rate | 1155 | 1313 | 669 | 6569 | 9706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in cash flow assumptions |  | (18) | (25) | 9 | (34) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of actual variances from expected experience | (10) | (1) | (29) | 5 | (35) |
|  Adjusted beginning of year balance | $1145 | $1294 | $615 | $6583 | $9637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuances | 177 | 56 | 11 |  | 244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest accrual | 50 | 73 | 37 | 329 | 489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefit payments | (150) | (132) | (42) | (405) | (729) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derecognition (lapses) |  |  |  |  |  |
|  Ending balance at original discount rate | $1222 | $1291 | $621 | $6507 | $9641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in discount rate assumptions | (58) | 34 | 40 | 54 | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Balance at December 31, 2023 | $1164 | $1325 | $661 | $6561 | $9711 |
|  Adjustment due to reserve flooring | $— | $5 | $— | $— | $5 |
|  Net liability for future policy benefits | $1164 | $627 | $557 | $5415 | $7763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: reinsurance recoverable | 880 | 440 | 22 | 2738 | 4080 |
|  Net liability for future policy benefits, after reinsurance recoverable | $284 | $187 | $535 | $2677 | $3683 |
|  Discounted expected future gross premiums | $— | $1764 | $904 | $1325 | $3993 |
|  Expected future gross premiums | $— | $2938 | $1269 | $1786 | $5993 |
|  Expected future benefit payments | $1726 | $2166 | $1068 | $10850 | $15810 |
|  Weighted average interest accretion rate | 4.2% | 6.2% | 6.1% | 5.0% |  |
|  Weighted average discount rate | 4.9% | 5.1% | 5.1% | 5.1% |  |
|  Weighted average duration of liability<br>(in years) | 7 | 7 | 8 | 8 |  |

---

Impacts of the annual review of policy benefit reserves assumptions are reflected within the effect of changes in cash flow assumptions in the disaggregated rollforwards above. The annual review of policy benefit reserves assumptions in the third quarter of 2024 resulted in a net decrease in future policy benefit reserves, primarily due to decreased disability income insurance claim incidence rates. The annual review of policy benefit reserves assumptions in the third quarter of 2023 resulted in a net decrease in future policy benefit reserves, primarily due to updates to LTC premium rate increase assumptions.

The balances of and changes in additional liabilities related to insurance guarantees were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **(in millions, except percentages)** | **Universal Life**<br> **Insurance** | **Variable<br>Universal Life**<br> **Insurance** | **Other Life**<br> **Insurance** | **Total,**<br> **All Products** |
|  Balance at January 1, 2024 | $1225 | $81 | $15 | $1321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest accrual | 37 | 6 | 1 | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefit accrual | 133 | 8 | 3 | 144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefit payments | (69) | (13) | (5) | (87) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of actual variances from expected experience | (2) | (1) | (1) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impact of change in net unrealized (gains) losses on securities | (23) | (1) | (5) | (29) |
|  Balance at December 31, 2024 | $1301 | $80 | $8 | $1389 |
|  Weighted average interest accretion rate | 3.0% | 7.0% | 3.9% |  |
|  Weighted average discount rate | 3.2% | 7.1% | 4.0% |  |
|  Weighted average duration of reserves (in years) | 10 | 8 | 6 |  |

---

**F-187** 

------

*RiverSource Life Insurance Company* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **(in millions, except percentages)** | **Universal Life<br>Insurance** | **Variable<br>Universal Life**<br> **Insurance** | **Other Life<br>Insurance** | **Total,<br>All Products** |
|  Balance at January 1, 2023 | $1100 | $74 | $12 | $1186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest accrual | 35 | 5 | 1 | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefit accrual | 128 | 8 | 2 | 138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefit payments | (50) | (18) | (4) | (72) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of actual variances from expected experience | (13) | 11 | (2) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impact of change in net unrealized (gains) losses on securities | 25 | 1 | 6 | 32 |
|  Balance at December 31, 2023 | $1225 | $81 | $15 | $1321 |
|  Weighted average interest accretion rate | 3.0% | 6.9% | 4.0% |  |
|  Weighted average discount rate | 3.2% | 7.1% | 4.0% |  |
|  Weighted average duration of reserves (in years) | 10 | 8 | 6 |  |

---

The amount of revenue and interest recognized in the Statement of Income was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| | **2024** | **2024** | **2023** | **2023** |
| <br>**(in millions)** | **Gross<br>Premiums** | **Interest<br>Expense** | **Gross<br>Premiums** | **Interest<br>Expense** |
|  Life contingent payout annuities | $226 | $55 | $196 | $49 |
|  Term and whole life insurance | 172 | 35 | 169 | 37 |
|  Disability income insurance | 119 | 31 | 124 | 32 |
|  Long term care insurance | 179 | 268 | 185 | 270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $696 | $389 | $674 | $388 |

---

The following tables summarize the balances of and changes in unearned revenue:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **(in millions)** | **Universal Life<br>Insurance** | **Variable<br>Universal Life**<br> **Insurance** | **Indexed<br>Universal Life**<br> **Insurance** | **Total,<br>All Products** |
|  Balance at January 1, 2024 | $27 | $196 | $266 | $489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferral of revenue |  | 70 | 51 | 121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization | (1) | (17) | (22) | (40) |
|  Balance at December 31, 2024 | $26 | $249 | $295 | $570 |
|  Balance at January 1, 2023 | $27 | $150 | $233 | $410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferral of revenue | 1 | 59 | 52 | 112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization | (1) | (13) | (19) | (33) |
|  Balance at December 31, 2023 | $27 | $196 | $266 | $489 |

---

**11. SEPARATE ACCOUNT ASSETS AND LIABILITIES** 

The fair value of separate account assets is invested exclusively in mutual funds.

The balances of and changes in separate account liabilities were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **(in millions)** | **Variable**<br> **Annuities** | **Variable**<br> **Universal Life** | **Total** |
|  Balance at January 1, 2024 | $65839 | $8795 | $74634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Premiums and deposits | 933 | 500 | 1433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policy charges | (1365) | (307) | (1672) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrenders and other benefits | (6990) | (412) | (7402) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment return | 7293 | 1199 | 8492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net transfer from (to) general account | 27 | 64 | 91 |
|  Balance at December 31, 2024 | $65737 | $9839 | $75576 |
|  Cash surrender value | $64411 | $9220 | $73631 |

---

**F-188** 

------

*RiverSource Life Insurance Company* 

---

| | | | |
|:---|:---|:---|:---|
| **(in millions)** | **Variable**<br> **Annuities** | **Variable**<br> **Universal Life** | **Total** |
|  Balance at January 1, 2023 | $63223 | $7653 | $70876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Premiums and deposits | 835 | 459 | 1294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policy charges | (1343) | (292) | (1635) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrenders and other benefits | (5378) | (317) | (5695) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment return | 8477 | 1250 | 9727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net transfer from (to) general account | 25 | 42 | 67 |
|  Balance at December 31, 2023 | $65839 | $8795 | $74634 |
|  Cash surrender value | $64280 | $8263 | $72543 |

---

**12. MARKET RISK BENEFITS** 

Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Most of the variable annuity contracts issued by the Company contain a GMDB provision. The Company previously offered contracts containing GMWB, GMAB, or GMIB provisions.

The GMDB provisions provide a specified minimum return upon death of the contractholder. The death benefit payable is the greater of (i) the contract value less any purchase payment credits subject to recapture less a pro-rata portion of any rider fees, or (ii) the GMDB provisions specified in the contract.

The Company has the following primary GMDB provisions:

• Return of premium – provides purchase payments minus adjusted partial surrenders.

• Reset – provides that the value resets to the account value at specified contract anniversary intervals
minus adjusted partial surrenders. This provision was often provided in combination with the return of premium provision and is no longer offered.

• Ratchet – provides that the value ratchets up to the maximum account value at specified anniversary
intervals, plus subsequent purchase payments less adjusted partial surrenders.

The variable annuity contracts with GMWB riders typically have account values that are based on an underlying portfolio of mutual funds, the values of which fluctuate based on fund performance. At contract issue, the guaranteed amount is equal to the amount deposited but the guarantee may be increased annually to the account value (a "step-up") in the case of favorable market performance or by a benefit credit if the contract includes this provision.

The Company has GMWB riders in force, which contain one or more of the following provisions:

• Withdrawals at a specified rate per year until the amount withdrawn is equal to the guaranteed amount.

• Withdrawals at a specified rate per year for the life of the contractholder ("GMWB for life").

• Withdrawals at a specified rate per year for joint contractholders while either is alive.

• Withdrawals based on performance of the contract.

• Withdrawals based on the age withdrawals begin.

• Credits are applied annually for a specified number of years to increase the guaranteed amount as long as
withdrawals have not been taken.

Variable annuity contractholders age 79 or younger at contract issue could obtain a principal-back guarantee by purchasing the optional GMAB rider for an additional charge. The GMAB rider guarantees that, regardless of market performance at the end of the 10-year waiting period, the contract value will be no less than the original investment or a specified percentage of the highest anniversary value, adjusted for withdrawals. If the contract value is less than the guarantee at the end of the 10-year period, a lump sum will be added to the contract value to make the contract value equal to the guarantee value.

Individual variable annuity contracts may have both a death benefit and a living benefit. Net amount at risk is quantified for each benefit and a composite net amount at risk is calculated using the greater of the death benefit or living benefit for each individual contract. The net amount at risk for GMDB and GMAB is defined as the current guaranteed benefit amount in excess of the current contract value. The net amount at risk for GMIB is defined as the greater of the present value of the minimum guaranteed annuity payments less the current contract value or zero. The net amount at risk for GMWB is defined as the greater of the present value of the minimum guaranteed withdrawal payments less the current contract value or zero.

**F-189** 

------

*RiverSource Life Insurance Company* 

The following tables summarize the balances of and changes in market risk benefits:

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| <br>**(in millions, except age)** | **2024** | **2023** | **2022** |
|  Balance at beginning of period | $335 | $1103 | $2901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuances | 24 | 17 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest accrual and time decay | (66) | (53) | (237) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve increase from attributed fees collected | 790 | 788 | 810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve release for benefit payments and derecognition | (11) | (35) | (29) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in interest rates and bond markets | (1078) | (367) | (4193) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in equity markets and subaccount performance | (1228) | (1267) | 2258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in equity index volatility | 59 | (67) | 205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Actual policyholder behavior different from expected behavior | 71 | 5 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in other future expected assumptions | 106 | 128 | (139) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in the instrument-specific credit risk on market risk benefits | 79 | 83 | (517) |
|  Balance at end of period | $(919) | $335 | $1103 |
|  Reconciliation of the gross balances in an asset or liability position: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset position | $2182 | $1427 | $1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liability position | (1263) | (1762) | (2118) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net asset (liability) position | $919 | $(335) | $(1103) |
|  Guaranteed benefit amount in excess of current account balances (net amount at risk): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death benefits | $462 | $913 | $2781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Living benefits | $2429 | $2513 | $3364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Composite (greater of) | $2829 | $3308 | $5830 |
|  Weighted average attained age of contractholders | 69 | 69 | 68 |
|  Changes in unrealized (gains) losses in net income relating to liabilities held at end of period | $(2111) | $(1551) | $(2044) |
|  Changes in unrealized (gains) losses in other comprehensive income (loss) relating to liabilities held at end of period | $85 | $84 | $(505) |

---

The following tables provide a summary of the significant inputs and assumptions used in the fair value measurements developed by the Company or reasonably available to the Company of market risk benefits:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| | **Fair Value** | **Valuation<br>Technique** | **Significant Inputs and Assumptions** | **Range** | **Range** | **Weighted<br>Average** |
|  | **(in millions)** |  |  | | | |
| Market risk benefits | $(919) | Discounted cash flow | Utilization of guaranteed withdrawals(1) | 0.0% | 52.8% | 11.9% |
|  |  |  | Surrender rate(2) | 0.4% | 75.0% | 3.3% |
|  |  |  | Market volatility(3) | 0.0% | 24.6% | 10.3% |
|  |  |  | Nonperformance risk(4) | 65 bps | 65 bps | 65 bps |
|  |  |  | Mortality rate(5) | 0.0% | 41.6% | 1.7% |
|  | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
|  | **Fair Value** | **Valuation<br>Technique** | **Significant Inputs and Assumptions** | **Range** | **Range** | **Weighted<br>Average** |
|  | **(in millions)** |  |  |  |  |  |
| Market risk benefits | $335 | Discounted cash flow | Utilization of guaranteed withdrawals(1) | 0.0% | 48.0% | 11.6% |
|  |  |  | Surrender rate(2) | 0.3% | 75.0% | 3.7% |
|  |  |  | Market volatility(3) | 0.0% | 25.2% | 10.6% |
|  |  |  | Nonperformance risk(4) | 85 bps | 85 bps | 85 bps |
|  |  |  | Mortality rate(5) | 0.0% | 41.6% | 1.6% |

---

<sup>(1)</sup> The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any given year. The weighted average utilization rate represents the average assumption, weighted based on the benefit base. The calculation excludes policies that have already started taking withdrawals. 

<sup>(2)</sup> The weighted average surrender rate represents the average assumption weighted based on the account value of each contract.

<sup>(3)</sup> Market volatility represents the implied volatility of each contractholder's mix of funds. The weighted average market volatility represents the average volatility across all contracts, weighted by the size of the guaranteed benefit.

<sup>(4)</sup> The nonperformance risk is the spread added to the U.S. Treasury curve.

<sup>(5)</sup> The weighted average mortality rate represents the average assumption weighted based on the account value of each contract.

**F-190** 

------

*RiverSource Life Insurance Company* 

**Changes to Significant Inputs and Assumptions:** 

During the years ended December 31, 2024 and 2023, the Company updated inputs and assumptions based on management's review of experience studies. These updates resulted in the following notable changes in the fair value estimates of market risk benefits calculations:

Year ended December 31, 2024

• Updates to utilization of guaranteed withdrawal assumptions resulted in a decrease to pretax income of $15
million.

• Updates to surrender assumptions resulted in a decrease to pretax income of $83 million.

Year ended December 31, 2023

• Updates to utilization of guaranteed withdrawal assumptions resulted in a decrease to pretax income of $18
million.

• Updates to surrender assumptions resulted in a decrease to pretax income of $110 million.

Refer to the rollforward of market risk benefits for the impacts of changes to interest rate, equity market, volatility and nonperformance risk assumptions.

**Uncertainty of Fair Value Measurements** 

Significant increases (decreases) in utilization and volatility used in the fair value measurement of market risk benefits in isolation would have resulted in a significantly higher (lower) liability value.

Significant increases (decreases) in nonperformance risk and surrender assumptions used in the fair value measurement of market risk benefits in isolation would have resulted in a significantly lower (higher) liability value.

Significant increases (decreases) in mortality assumptions used in the fair value measurement of the death benefit portion of market risk benefits in isolation would have resulted in a significantly higher (lower) liability value whereas significant increases (decreases) in mortality rates used in the fair value measurement of the life contingent portion of market risk benefits in isolation would have resulted in a significantly lower (higher) liability value.

Surrender assumptions, utilization assumptions and mortality assumptions vary with the type of base product, type of rider, duration of the policy, age of the contractholder, calendar year of the projection, previous withdrawal history, and the relationship between the value of the guaranteed benefit and the contract accumulation value.

**Determination of Fair Value** 

The Company values market risk benefits using internal valuation models. These models include observable capital market assumptions and significant unobservable inputs related to implied volatility, contractholder behavior assumptions that include margins for risk, and the Company's nonperformance risk. These measurements are classified as Level 3.

**13. DEBT** 

*Short-Term Borrowings* 

RiverSource Life Insurance Company is a member of the Federal Home Loan Bank ("FHLB") of Des Moines which provides access to collateralized borrowings. The Company has accessed collateralized borrowings from the FHLB and has pledged (granted a lien on) certain investments as collateral, primarily commercial mortgage backed securities and residential mortgage backed securities, with an aggregate fair value of $964 million and $1.1 billion as of December 31, 2024 and 2023, respectively. The amount of the Company's liability including accrued interest was $201 million as of both December 31, 2024 and 2023. The remaining maturity of outstanding FHLB advances was less than three months as of both December 31, 2024 and 2023. The weighted average annualized interest rate on the FHLB advances held as of December 31, 2024 and 2023 was 4.6% and 5.6%, respectively.

*Lines of Credit* 

RiverSource Life Insurance Company, as the borrower, has a revolving credit agreement with Ameriprise Financial as the lender. The aggregate amount outstanding under this line of credit may not exceed 3% of RiverSource Life Insurance Company's statutory admitted assets (excluding separate accounts) as of the prior year end. The interest rate under the agreement is a Daily Simple Secured Overnight Financing Rate plus 0.1% ("Adjusted Daily Simple SOFR") plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. Amounts borrowed may be repaid at any time with no prepayment penalty. There were no amounts outstanding on this line of credit as of both December 31, 2024 and 2023.

RiverSource Life of NY, as the borrower, has a revolving credit agreement with Ameriprise Financial as the lender. The aggregate amount outstanding under this line of credit may not exceed the lesser of $25 million or 3% of RiverSource Life of NY's statutory admitted assets (excluding separate accounts) as of the prior year end. The interest rate under the agreement is an Adjusted Daily Simple SOFR plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. Amounts borrowed may be repaid at any time with no prepayment penalty. The credit agreement is amended to extend the maturity on an annual basis with Ameriprise Financial, subject to the New York Department of Financial Services' non-disapproval. There were no amounts outstanding on this line of credit as of both December 31, 2024 and 2023.

**F-191** 

------

*RiverSource Life Insurance Company* 

RTA, as the borrower, has a revolving credit agreement with Ameriprise Financial as the lender not to exceed $100 million. The interest rate under the agreement is an Adjusted Daily Simple SOFR plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. Amounts borrowed may be repaid at any time with no prepayment penalty. There were no amounts outstanding on this line of credit as of both December 31, 2024 and 2023.

*Long-Term Debt* 

The Company has a $500 million unsecured 3.5% surplus note due December 31, 2050 to Ameriprise Financial. The surplus note is subordinate in right of payment to the prior payment in full of the Company's obligations to policyholders, claimants and beneficiaries and all other creditors. No payment of principal or interest shall be made without the prior approval of the Minnesota Department of Commerce and such payments shall be made only from RiverSource Life Insurance Company's statutory surplus. Interest payments, which commenced on June 30, 2021, are due semiannually in arrears on June 30 and December 31. Subject to the preceding conditions, the Company may prepay all or a portion of the principal at any time. The outstanding balance was $500 million as of both December 31, 2024 and 2023 and is recorded in Long-term debt.

**14. FAIR VALUES OF ASSETS AND LIABILITIES** 

GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; that is, an exit price. The exit price assumes the asset or liability is not exchanged subject to a forced liquidation or distressed sale.

**Valuation Hierarchy** 

The Company categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by the Company's valuation techniques. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety.

The three levels of the fair value hierarchy are defined as follows:

Level 1 Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date.

Level 2 Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities.

Level 3 Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

**F-192** 

------

*RiverSource Life Insurance Company* 

The following tables present the balances of assets and liabilities measured at fair value on a recurring basis (See Note 5 for the balances of assets and liabilities for consolidated investment entities):

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| <br>**(in millions)** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Available-for-Sale securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate debt securities | $— | $12721 | $572 | $13293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residential mortgage backed securities |  | 4039 |  | 4039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial mortgage backed securities |  | 2100 |  | 2100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State and municipal obligations |  | 636 |  | 636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset backed securities |  | 1302 | 881 | 2183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign government bonds and obligations |  | 7 |  | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. government and agency obligations | 1 |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Available-for-Sale securities | 1 | 20805 | 1453 | 22259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash equivalents | 1215 | 1227 |  | 2442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Market risk benefits |  |  | 2182 | 2182<sup>(1)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed deferred indexed annuity ceded embedded derivatives |  |  | 55 | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate derivative contracts |  | 179 |  | 179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity derivative contracts | 114 | 8829 |  | 8943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange derivative contracts | 2 | 40 |  | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit derivative contracts |  | 59 |  | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other assets | 116 | 9107 |  | 9223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Separate account assets at net asset value ("NAV") |  |  |  | 75576<sup>(2)</sup> |
|  Total assets at fair value | $1332 | $31139 | $3690 | $111737 |
|  Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policyholder account balances, future policy benefits and claims: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed deferred indexed annuity embedded derivatives | $— | $— | $53 | $53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IUL embedded derivatives |  |  | 1002 | 1002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Structured variable annuity embedded derivatives |  |  | 2461 | 2461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total policyholder account balances, future policy benefits and claims |  |  | 3516 | 3516<sup>(3)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Market risk benefits |  |  | 1263 | 1263<sup>(1)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate derivative contracts | 1 | 323 |  | 324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity derivative contracts | 172 | 5159 |  | 5331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange derivative contracts |  | 7 |  | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other liabilities | 173 | 5489 |  | 5662 |
|  Total liabilities at fair value | $173 | $5489 | $4779 | $10441 |

---

**F-193** 

------

*RiverSource Life Insurance Company* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
| <br>**(in millions)** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Available-for-Sale securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate debt securities | $— | $10283 | $452 | $10735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residential mortgage backed securities |  | 3642 |  | 3642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial mortgage backed securities |  | 2597 |  | 2597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State and municipal obligations |  | 758 |  | 758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset backed securities |  | 976 | 555 | 1531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign government bonds and obligations |  | 12 |  | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. government and agency obligations | 99 |  |  | 99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Available-for-Sale securities | 99 | 18268 | 1007 | 19374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash equivalents | 558 | 2012 |  | 2570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Market risk benefits |  |  | 1427 | 1427<sup>(1)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed deferred indexed annuity ceded embedded derivatives |  |  | 51 | 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate derivative contracts | 1 | 184 |  | 185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity derivative contracts | 65 | 4945 |  | 5010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange derivative contracts | 1 | 20 |  | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit derivative contracts |  | 1 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other assets | 67 | 5150 |  | 5217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Separate account assets at NAV |  |  |  | 74634<sup>(2)</sup> |
|  Total assets at fair value | $724 | $25430 | $2485 | $103273 |
|  Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policyholder account balances, future policy benefits and claims: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed deferred indexed annuity embedded derivatives | $— | $3 | $49 | $52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IUL embedded derivatives |  |  | 873 | 873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Structured variable annuity embedded derivatives |  |  | 1011 | 1011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total policyholder account balances, future policy benefits and claims |  | 3 | 1933 | 1936<sup>(3)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Market risk benefits |  |  | 1762 | 1762<sup>(1)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate derivative contracts | 1 | 304 |  | 305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity derivative contracts | 95 | 3355 |  | 3450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange derivative contracts | 1 | 3 |  | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit derivative contracts |  | 106 |  | 106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other liabilities | 97 | 3768 |  | 3865 |
|  Total liabilities at fair value | $97 | $3771 | $3695 | $7563 |

---

<sup>(1)</sup> See Note 12 for additional information related to market risk benefits, including the balances of and changes in market risk benefits as well as the significant inputs and assumptions used in the fair value measurements of market risk benefits.

<sup>(2)</sup> Amounts are comprised of financial instruments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy. 

<sup>(3)</sup> The Company's adjustment for nonperformance risk resulted in a $211 million and $195 million cumulative decrease to the embedded derivatives as of December 31, 2024 and 2023, respectively. 

**F-194** 

------

*RiverSource Life Insurance Company* 

The following tables provide a summary of changes in Level 3 assets and liabilities measured at fair value on a recurring basis:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Available-for-Sale Securities** | **Available-for-Sale Securities** | **Available-for-Sale Securities** | **Available-for-Sale Securities** | **Receivables** |
| <br>**(in millions)** | **Corporate<br>Debt<br>Securities** | **Residential<br>Mortgage<br>Backed<br>Securities** | **Asset<br>Backed<br>Securities** | **Total** | **Fixed Deferred<br>Indexed Annuity<br>Ceded Embedded<br>Derivatives** |
|  Balance at January 1, 2024 | $452 | $— | $555 | $1007 | $51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total gains (losses) included in: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income | 1 |  |  | 1<sup>(1)</sup> | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income (loss) | 1 |  | 15 | 16 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases | 227 | 64 | 334 | 625 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Settlements | (109) | (1) |  | (110) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers out of Level 3 |  | (63) | (23) | (86) |  |
|  Balance at December 31, 2024 | $572 | $— | $881 | $1453 | $55 |
|  Changes in unrealized gains (losses) in net income relating to assets held at December 31, 2024 | $1 | $— | $— | $1<sup>(1)</sup> | $— |
|  Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2024 | $(2) | $— | $15 | $13 | $— |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Policyholder Account Balances,<br>Future Policy Benefits and Claims** | **Policyholder Account Balances,<br>Future Policy Benefits and Claims** | **Policyholder Account Balances,<br>Future Policy Benefits and Claims** | **Policyholder Account Balances,<br>Future Policy Benefits and Claims** |
| <br>**(in millions)** | **Fixed<br>Deferred<br>Indexed<br>Annuity<br>Embedded<br>Derivatives** | **IUL<br>Embedded<br>Derivatives** | **Structured<br>Variable<br>Annuity<br>Embedded<br>Derivatives** | **Total** |
|  Balance at January 1, 2024 | $49 | $873 | $1011 | $1933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total (gains) losses included in: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income | 8<sup>(2)</sup> | 255<sup>(2)</sup> | 1670<sup>(3)</sup> | 1933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issues |  | 23 | 114 | 137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Settlements | (4) | (149) | (334) | (487) |
|  Balance at December 31, 2024 | $53 | $1002 | $2461 | $3516 |
|  Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2024 | $— | $255<sup>(2)</sup> | $1670<sup>(3)</sup> | $1925 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Available-for-Sale Securities** | **Available-for-Sale Securities** | **Available-for-Sale Securities** | **Receivables** |
| <br>**(in millions)** | **Corporate<br>Debt<br>Securities** | **Asset<br>Backed<br>Securities** | **Total** | **Fixed Deferred<br>Indexed Annuity<br>Ceded Embedded<br>Derivatives** |
|  Balance at January 1, 2023 | $395 | $545 | $940 | $48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total gains (losses) included in: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income |  |  | —<sup>(1)</sup> | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income (loss) | 12 | 10 | 22 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases | 110 |  | 110 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Settlements | (65) |  | (65) | (3) |
|  Balance at December 31, 2023 | $452 | $555 | $1007 | $51 |
|  Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2023 | $11 | $10 | $21 | $— |

---

**F-195** 

------

*RiverSource Life Insurance Company* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Policyholder Account Balances,**<br>**Future Policy Benefits and Claims** | **Policyholder Account Balances,**<br>**Future Policy Benefits and Claims** | **Policyholder Account Balances,**<br>**Future Policy Benefits and Claims** | **Policyholder Account Balances,**<br>**Future Policy Benefits and Claims** |
| <br>**(in millions)** | **Fixed<br>Deferred<br>Indexed<br>Annuity<br>Embedded<br>Derivatives** | **IUL<br>Embedded<br>Derivatives** | **Structured<br>Variable<br>Annuity<br>Embedded<br>Derivatives** | **Total** |
|  Balance at January 1, 2023 | $44 | $739 | $(137)<sup>(4)</sup> | $646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total (gains) losses included in: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income | 8(<sup>2)</sup> | 198<sup>(2)</sup> | 1166(<sup>3)</sup> | 1372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issues |  | 59 | 104 | 163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Settlements | (3) | (123) | (122) | (248) |
|  Balance at December 31, 2023 | $49 | $873 | $1011 | $1933 |
|  Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2023 | $— | $198<sup>(2)</sup> | $1166<sup>(3)</sup> | $1364 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Available-for-Sale Securities** | **Available-for-Sale Securities** | **Available-for-Sale Securities** | **Available-for-Sale Securities** | **Receivables** |
| <br>**(in millions)** | **Corporate<br>Debt<br>Securities** | **Commercial<br>Mortgage<br>Backed<br>Securities** | **Asset<br>Backed<br>Securities** | **Total** | **Fixed Deferred**<br> **Indexed Annuity**<br> **Ceded Embedded**<br> **Derivatives** |
|  Balance at January 1, 2022 | $496 | $— | $291 | $787 | $59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total gains (losses) included in: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income | (1) |  |  | (1)<sup>(1)</sup> | (8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income (loss) | (44) |  | (25) | (69) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases | 29 | 30 | 564 | 623 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Settlements | (85) |  | (285) | (370) | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers out of Level 3 |  | (30) |  | (30) |  |
|  Balance at December 31, 2022 | $395 | $— | $545 | $940 | $48 |
|  Changes in unrealized gains (losses) in net income relating to assets held at December 31, 2022 | $(1) | $— | $— | $(1)<sup>(1)</sup> | $— |
|  Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2022 | $(42) | $— | $(21) | $(63) | $— |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Policyholder Account Balances,**<br>**Future Policy Benefits and Claims** | **Policyholder Account Balances,**<br>**Future Policy Benefits and Claims** | **Policyholder Account Balances,**<br>**Future Policy Benefits and Claims** | **Policyholder Account Balances,**<br>**Future Policy Benefits and Claims** |
| <br>**(in millions)** | **Fixed<br>Deferred<br>Indexed<br>Annuity<br>Embedded<br>Derivatives** | **IUL<br>Embedded<br>Derivatives** | **Structured<br>Variable<br>Annuity<br>Embedded<br>Derivatives** | **Total** |
|  Balance at January 1, 2022 | $56 | $905 | $406 | $1367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total (gains) losses included in: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income | (9)<sup>(2)</sup> | (105)<sup>(2)</sup> | (633)<sup>(3)</sup> | (747) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issues |  | 51 | 90 | 141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Settlements | (3) | (112) |  | (115) |
|  Balance at December 31, 2022 | $44 | $739 | $(137)<sup>(4)</sup> | $646 |
|  Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2022 | $— | $(105)<sup>(2)</sup> | $(633)<sup>(3)</sup> | $(738) |

---

<sup>(1)</sup> Included in Net investment income.

<sup>(2)</sup> Included in Interest credited to fixed accounts.

<sup>(3)</sup> Included in Benefits, claims, losses and settlement expenses.

<sup>(4)</sup> The fair value of the structured variable annuity embedded derivatives was a net asset as of January 1, 2023 and December 31, 2022 and the amounts are presented as contra liabilities. 

The increase to pretax income of the Company's adjustment for nonperformance risk on the fair value of its embedded derivatives was $14 million, $51 million and $45 million, net of the reinsurance accrual, for the years ended December 31, 2024, 2023 and 2022, respectively.

**F-196** 

------

*RiverSource Life Insurance Company* 

Securities transferred from Level 3 primarily represent securities with fair values that are now obtained from a third-party pricing service with observable inputs or fair values that were included in an observable transaction with a market participant. Securities transferred to Level 3 represent securities with fair values that are now based on a single non-binding broker quote.

The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by the Company or reasonably available to the Company of Level 3 assets and liabilities:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| | **Fair Value** | **Valuation Technique** | **Unobservable Input** | **Range** | **Range** | **Weighted<br>Average** |
|  | **(in millions)** |  |  |  |  | |
| Corporate debt securities (private placements) | $572 | Discounted cash flow | Yield/spread to U.S. Treasuries<sup>(1)</sup> | 0.8% | 1.7% | 1.2% |
| Asset backed securities | $881 | Discounted cash flow | Annual default rate<sup>(2)</sup> | 2.2% | 4.4% | 3.6% |
|  |  |  | Loss severity | 25.0% | 25.0% | 25.0% |
|  |  |  | Constant prepayment rate<sup>(2)</sup> | 0.0% | 1.0% | 0.4% |
|  |  |  | Yield/spread to U.S. Treasuries<sup>(3)</sup> | 190 bps | 360 bps | 205 bps |
| Fixed deferred indexed annuity ceded embedded derivatives | $55 | Discounted cash flow | Surrender rate<sup>(4)</sup> | 0.0% | 89.1% | 10.6% |
| Fixed deferred indexed annuity embedded derivatives | $53 | Discounted cash flow | Surrender rate<sup>(4)</sup> | 0.0% | 89.1% | 10.6% |
|  |  |  | Nonperformance risk<sup>(5)</sup> | 65 bps | 65 bps | 65 bps |
| IUL embedded derivatives | $1002 | Discounted cash flow | Nonperformance risk<sup>(5)</sup> | 65 bps | 65 bps | 65 bps |
| Structured variable annuity embedded derivatives | $2461 | Discounted cash flow | Surrender rate<sup>(4)</sup> | 0.5% | 75.0% | 1.7% |
|  |  |  | Nonperformance risk<sup>(5)</sup> | 65 bps | 65 bps | 65 bps |
|  | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
|  | **Fair Value** | **Valuation Technique** | **Unobservable Input** | **Range** | **Range** | **Weighted<br>Average** |
|  | **(in millions)** |  |  |  |  |  |
| Corporate debt securities (private placements) | $451 | Discounted cash flow | Yield/spread to U.S. Treasuries<sup>(1)</sup> | 1.0% | 2.4% | 1.2% |
| Asset backed securities | $555 | Discounted cash flow | Annual default rate<sup>(2)</sup> | 3.1% | 3.1% | 3.1% |
|  |  |  | Loss severity | 25.0% | 25.0% | 25.0% |
|  |  |  | Yield/spread to U.S. Treasuries<sup>(3)</sup> | 275 bps | 515 bps | 284 bps |
| Fixed deferred indexed annuity ceded embedded derivatives | $51 | Discounted cash flow | Surrender rate<sup>(4)</sup> | 0.0% | 66.8% | 1.4% |
| Fixed deferred indexed annuity embedded derivatives | $49 | Discounted cash flow | Surrender rate<sup>(4)</sup> | 0.0% | 66.8% | 1.4% |
|  |  |  | Nonperformance risk<sup>(5)</sup> | 85 bps | 85 bps | 85 bps |
| IUL embedded derivatives | $873 | Discounted cash flow | Nonperformance risk<sup>(5)</sup> | 85 bps | 85 bps | 85 bps |
| Structured variable annuity embedded derivatives | $1011 | Discounted cash flow | Surrender rate<sup>(4)</sup> | 0.5% | 75.0% | 2.6% |
|  |  |  | Nonperformance risk<sup>(5)</sup> | 85 bps | 85 bps | 85 bps |

---

<sup>(1)</sup> The weighted average for the yield/spread to U.S. Treasuries for corporate debt securities (private placements) is weighted based on the security's market value as a percentage of the aggregate market value of the securities. 

<sup>(2)</sup> The weighted average for both the annual default rate and the constant prepayment rate for asset backed securities are weighted based on the balances of each security.

<sup>(3)</sup> The weighted average for the yield/spread to U.S. Treasuries for asset backed securities is calculated as the sum of each tranche's balance multiplied by its spread to U.S. Treasuries divided by the aggregate balances of the tranches.

<sup>(4)</sup> The weighted average surrender rate represents the average assumption weighted based on the account value of each contract.

<sup>(5)</sup> The nonperformance risk is the spread added to the U.S. Treasury curve.

Level 3 measurements not included in the tables above are obtained from non-binding broker quotes where unobservable inputs utilized in the fair value calculation are not reasonably available to the Company or fair values estimated based on a transaction near the balance sheet date.

**Uncertainty of Fair Value Measurements** 

Significant increases (decreases) in the yield/spread to U.S. Treasuries used in the fair value measurement of Level 3 corporate debt securities and asset backed securities in isolation would have resulted in a significantly lower (higher) fair value measurement.

Significant increases (decreases) in the annual default rate, loss severity, and constant prepayment rate used in the fair value measurement of Level 3 asset backed securities in isolation, generally, would have resulted in a significantly lower (higher) fair value measurement and significant increases (decreases) in loss severity in isolation would have resulted in a significantly lower (higher) fair value measurement.

Significant increases (decreases) in the surrender assumption used in the fair value measurement of the fixed deferred indexed annuity ceded embedded derivatives in isolation would have resulted in a significantly lower (higher) fair value measurement.

**F-197** 

------

*RiverSource Life Insurance Company* 

Significant increases (decreases) in nonperformance risk used in the fair value measurement of the IUL embedded derivatives in isolation would have resulted in a significantly lower (higher) fair value measurement.

Significant increases (decreases) in nonperformance risk and surrender assumption used in the fair value measurements of the fixed deferred indexed annuity embedded derivatives and structured variable annuity embedded derivatives in isolation would have resulted in a significantly lower (higher) liability value.

**Determination of Fair Value** 

The Company uses valuation techniques consistent with the market and income approaches to measure the fair value of its assets and liabilities. The Company's market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The Company's income approach uses valuation techniques to convert future projected cash flows to a single discounted present value amount. When applying either approach, the Company maximizes the use of observable inputs and minimizes the use of unobservable inputs.

The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy.

**Assets** 

*Available-for-Sale Securities* 

When available, the fair value of securities is based on quoted prices in active markets. If quoted prices are not available, fair values are obtained from third-party pricing services, non-binding broker quotes, or other model-based valuation techniques.

Level 1 securities primarily include U.S. Treasuries.

---

| | |
|:---|:---|
| Level 2 | securities primarily include corporate bonds, residential mortgage backed securities, commercial mortgage backed securities, state and municipal obligations, asset backed securities and foreign government securities. The fair value of these Level 2 securities is based on a market approach with prices obtained from third-party pricing services. Observable inputs used to value these securities can include, but are not limited to, reported trades, benchmark yields, issuer spreads and non-binding broker quotes. The fair value of securities included in an observable transaction with a market participant are also considered Level 2 when the market is not active.  |

---

---

| | |
|:---|:---|
| Level 3 | securities primarily include certain corporate bonds, non-agency residential mortgage backed securities, commercial mortgage backed securities and asset backed securities with fair value typically based on a single non-binding broker quote. The underlying inputs used for some of the non-binding broker quotes are not readily available to the Company. The Company's privately placed corporate bonds are typically based on a single non-binding broker quote. The fair value of affiliated asset backed securities is determined using a discounted cash flow model. Inputs used to determine the expected cash flows include assumptions about discount rates and default, prepayment and recovery rates of the underlying assets. Given the significance of the unobservable inputs to this fair value measurement, the fair value of the investment in the affiliated asset backed securities is classified as Level 3.  |

---

Management is responsible for the fair values recorded on the financial statements. Prices received from third-party pricing services are subjected to exception reporting that identifies investments with significant daily price movements as well as no movements. The Company reviews the exception reporting and resolves the exceptions through reaffirmation of the price or recording an appropriate fair value estimate. The Company also performs subsequent transaction testing. The Company performs annual due diligence of third-party pricing services. The Company's due diligence procedures include assessing the vendor's valuation qualifications, control environment, analysis of asset-class specific valuation methodologies, and understanding of sources of market observable assumptions and unobservable assumptions, if any, employed in the valuation methodology. The Company also considers the results of its exception reporting controls and any resulting price challenges that arise.

*Cash Equivalents* 

Cash equivalents include time deposits and other highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less. Actively traded money market funds are measured at their NAV and classified as Level 1. U.S. Treasuries are also classified as Level 1. The Company's remaining cash equivalents are classified as Level 2 and measured at amortized cost, which is a reasonable estimate of fair value because of the short time between the purchase of the instrument and its expected realization.

*Receivables* 

The Company reinsured its fixed deferred indexed annuity products which have an indexed account that is accounted for as an embedded derivative. The Company uses discounted cash flow models to determine the fair value of these ceded embedded derivatives. The fair value of fixed deferred indexed annuity ceded embedded derivatives includes significant observable interest rates, volatilities and equity index levels and significant unobservable surrender rates. Given the significance of the unobservable surrender rates, these embedded derivatives are classified as Level 3.

**F-198** 

------

*RiverSource Life Insurance Company* 

*Other Assets* 

Derivatives that are measured using quoted prices in active markets, such as derivatives that are exchange-traded, are classified as Level 1 measurements. The variation margin on futures contracts is also classified as Level 1. The fair value of derivatives that are traded in less active over-the-counter ("OTC") markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include swaps and the majority of options. The counterparties' nonperformance risk associated with uncollateralized derivative assets was immaterial as of both December 31, 2024 and 2023. See Note 17 and Note 18 for further information on the credit risk of derivative instruments and related collateral.

*Separate Account Assets* 

The fair value of assets held by separate accounts is determined by the NAV of the funds in which those separate accounts are invested. The NAV is used as a practical expedient for fair value and represents the exit price for the separate account. Separate account assets are excluded from classification in the fair value hierarchy.

**Liabilities** 

*Policyholder Account Balances, Future Policy Benefits and Claims* 

There is no active market for the transfer of the Company's embedded derivatives attributable to the provisions of fixed deferred indexed annuity, structured variable annuity and IUL products.

The Company uses a discounted cash flow model to determine the fair value of the embedded derivatives associated with the provisions of its equity index annuity product. The projected cash flows generated by this model are based on significant observable inputs related to interest rates, volatilities and equity index levels and, therefore, are classified as Level 2.

The Company uses discounted cash flow models to determine the fair value of the embedded derivatives associated with the provisions of its fixed deferred indexed annuity, structured variable annuity and IUL products. The structured variable annuity product is a limited flexible purchase payment annuity that offers 45 different indexed account options providing equity market exposure and a fixed account. Each indexed account includes a protection option (a buffer or a floor). If the index has a negative return, contractholder losses will be reduced by a buffer or limited to a floor. The portion allocated to an indexed account is accounted for as an embedded derivative. The fair value of fixed deferred indexed annuity, structured variable annuity and IUL embedded derivatives includes significant observable interest rates, volatilities and equity index levels and significant unobservable surrender rates and the estimate of the Company's nonperformance risk. Given the significance of the unobservable surrender rates and the nonperformance risk assumption, the fixed deferred indexed annuity, structured variable annuity and IUL embedded derivatives are classified as Level 3.

The embedded derivatives attributable to these provisions are recorded in Policyholder account balances, future policy benefits and claims.

*Other Liabilities* 

Derivatives that are measured using quoted prices in active markets, such as derivatives that are exchange-traded, are classified as Level 1 measurements. The variation margin on futures contracts is also classified as Level 1. The fair value of derivatives that are traded in less active OTC markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include swaps and the majority of options. The Company's nonperformance risk associated with uncollateralized derivative liabilities was immaterial as of both December 31, 2024 and 2023. See Note 17 and Note 18 for further information on the credit risk of derivative instruments and related collateral.

**Fair Value on a Nonrecurring Basis** 

The Company assesses its investment in affordable housing partnerships for impairment. The investments that are determined to be impaired are written down to their fair value. The Company uses a discounted cash flow model to measure the fair value of these investments. Inputs to the discounted cash flow model are estimates of future net operating losses and tax credits available to the Company and discount rates based on market condition and the financial strength of the syndicator (general partner). The balance of affordable housing partnerships measured at fair value on a nonrecurring basis was $27 million and $41 million as of December 31, 2024 and 2023, respectively, and is classified as Level 3 in the fair value hierarchy.

**F-199** 

------

*RiverSource Life Insurance Company* 

**Assets and Liabilities Not Reported at Fair Value** 

The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| | **Carrying**<br> **Value** | **Fair Value** | **Fair Value** | **Fair Value** | **Fair Value** |
| <br>**(in millions)** | **Carrying**<br> **Value** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  **Financial Assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage loans, net | $1797 | $— | $— | $1675 | $1675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policy loans | 982 |  | 982 |  | 982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other investments | 55 |  | 36 | 19 | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables | 5834 |  |  | 4795 | 4795 |
|  **Financial Liabilities** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policyholder account balances, future policy benefits and claims | $20097 | $— | $— | $16826 | $16826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term borrowings | 201 |  | 201 |  | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-term debt | 500 |  | 312 |  | 312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 5 |  |  | 4 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Separate account liabilities — investment contracts | 364 |  | 364 |  | 364 |
|  | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
|  | **Carrying**<br> **Value** | **Fair Value** | **Fair Value** | **Fair Value** | **Fair Value** |
| **(in millions)** | **Carrying**<br> **Value** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  **Financial Assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage loans, net | $1725 | $— | $— | $1599 | $1599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policy loans | 912 |  | 912 |  | 912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other investments | 76 |  | 54 | 22 | 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables | 6514 |  |  | 5566 | 5566 |
|  **Financial Liabilities** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policyholder account balances, future policy benefits and claims | $16641 | $— | $— | $14243 | $14243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term borrowings | 201 |  | 201 |  | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-term debt | 500 |  | 339 |  | 339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 5 |  |  | 5 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Separate account liabilities — investment contracts | 332 |  | 332 |  | 332 |

---

Other investments include syndicated loans and the Company's membership in the FHLB. Receivables include deposit receivables. See Note 7 for additional information on mortgage loans, policy loans, syndicated loans and deposit receivables.

Policyholder account balances, future policy benefits and claims include fixed annuities in deferral status, non-life contingent fixed annuities in payout status, indexed and structured variable annuity host contracts, and the fixed portion of a small number of variable annuity contracts classified as investment contracts. See Note 10 for additional information on these liabilities. Short- term borrowings include FHLB borrowings. Long-term debt includes the surplus note with Ameriprise Financial. See Note 13 for further information on short-term borrowings and long-term debt. Other liabilities include future funding commitments to affordable housing partnerships and other real estate partnerships. Separate account liabilities are related to certain annuity products that are classified as investment contracts.

**15. RELATED PARTY TRANSACTIONS** 

*Revenues* 

See Note 4 for information about revenues from contracts with customers earned by the Company from related party transactions with affiliates.

The Company is the lessor of one real estate property which it leases to Ameriprise Financial under an operating lease that expires November 30, 2029. The Company earned $5 million in rental income for each of the years ended December 31, 2024, 2023 and 2022, which is reflected in Other revenues. The Company expects to earn $5 million in each year of the next four annual periods and $4 million in the period ending November 30, 2029.

*Expenses* 

Charges by Ameriprise Financial and affiliated companies to the Company for use of joint facilities, technology support, marketing services and other services aggregated $352 million, $338 million and $320 million for the years ended December 31, 2024, 2023 and 2022, respectively. Certain of these costs are included in DAC. Expenses allocated to the Company may not be reflective of expenses that would have been incurred by the Company on a stand-alone basis.

**F-200** 

------

*RiverSource Life Insurance Company* 

**Income Taxes** 

The Company's taxable income is included in the consolidated federal income tax return of Ameriprise Financial. The net amount due from Ameriprise Financial for federal income taxes was $277 million and $269 million as of December 31, 2024 and 2023, respectively, which is reflected in Other assets.

**Investments** 

In June of 2024, the Company invested $310 million in AA, A and BBB rated asset backed securities issued by Ameriprise Installment Financing, LLC. The asset backed securities are collateralized by a portfolio of loans issued to advisors affiliated with AFS, an affiliated broker dealer. As of December 31, 2024, the fair value of these asset backed securities was $312 million. The fair value of these asset backed securities is reported in Investments: Available-for-Sale Fixed maturities, at fair value. Interest income from these asset backed securities was $10 million for the year ending December 31, 2024 and is reported in Net investment income.

In September of 2022, the Company redeemed the outstanding AA and A rated securities issued by Ameriprise Advisor Financing, LLC ("AAF") at par and invested $564 million in new AA, A and BBB rated asset backed securities issued by AAF 2. As of December 31, 2024 and 2023, the fair value of these asset backed securities was $567 million and $554 million, respectively. The fair value of these asset backed securities is reported in Investments: Available-for-Sale Fixed maturities, at fair value. Interest income from these asset backed securities was $34 million, $34 million and $17 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is reported in Net investment income.

**Lines of Credit** 

RiverSource Life Insurance Company, as the lender, has a revolving credit agreement with Ameriprise Financial as the borrower. This line of credit is not to exceed 3% of RiverSource Life Insurance Company's statutory admitted assets as of the prior year end. The interest rate under the agreement is an Adjusted Daily Simple SOFR plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. In the event of default, an additional 1% interest will accrue during such period of default. There were no amounts outstanding on this revolving credit agreement as of both December 31, 2024 and 2023. See Note 13 for information about additional lines of credit with an affiliate.

**Long-Term Debt** 

See Note 13 for information about a surplus note to an affiliate.

**Dividends, Return of Capital, or Distributions** 

Cash dividends and return of capital or distributions paid and received by RiverSource Life Insurance Company were as follows:

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| <br>**(in millions)** | **2024** | **2023** | **2022** |
|  Dividends paid to Ameriprise Financial | $600 | $600 | $600 |
|  Dividend received from RiverSource Life of NY | 50 | 50 | 63 |
|  Return of capital received from RTA | 40 | 75 | 80 |

---

For dividends and other distributions from the life insurance companies, advance notification was provided to state insurance regulators prior to payments. See Note 16 for additional information.

**16. REGULATORY REQUIREMENTS** 

The National Association of Insurance Commissioners ("NAIC") defines Risk-Based Capital ("RBC") requirements for insurance companies. The RBC requirements are used by the NAIC and state insurance regulators to identify companies that merit regulatory actions designed to protect policyholders. These requirements apply to the Company. The Company has met its minimum RBC requirements.

Insurance companies are required to prepare statutory financial statements in accordance with the accounting practices prescribed or permitted by the insurance departments of their respective states of domicile, which vary materially from GAAP. Prescribed statutory accounting practices include publications of the NAIC, as well as state laws, regulations and general administrative rules. The more significant differences from GAAP include charging policy acquisition costs to expense as incurred, establishing annuity and insurance reserves using different actuarial methods and assumptions, classifying surplus notes as a component of statutory surplus rather than debt, valuing investments on a different basis and excluding certain assets from the balance sheet by charging them directly to surplus, such as a portion of the net deferred income tax assets.

**F-201** 

------

*RiverSource Life Insurance Company* 

State insurance statutes contain limitations as to the amount of dividends and other distributions that insurers may make without providing prior notification to state regulators. For RiverSource Life Insurance Company, payments in excess of unassigned surplus, as determined in accordance with accounting practices prescribed by the State of Minnesota, require advance notice to the Minnesota Department of Commerce ("MN DOC"), RiverSource Life Insurance Company's primary regulator, and are subject to potential disapproval. RiverSource Life Insurance Company's statutory unassigned deficit was $736 million and $582 million as of December 31, 2024 and 2023, respectively.

In addition, dividends or distributions whose fair market value, together with that of other dividends or distributions made within the preceding 12 months, exceed the greater of the previous year's statutory net gain from operations or 10% of the previous year- end statutory capital and surplus are referred to as "extraordinary dividends." Extraordinary dividends also require advance notice to the MN DOC, and are subject to potential disapproval. Statutory capital and surplus was $2.7 billion and $3.1 billion as of December 31, 2024 and 2023, respectively.

Statutory net gain from operations and net income for RiverSource Life Insurance Company are summarized as follows:

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| <br>**(in millions)** | **2024** | **2023** | **2022** |
|  Statutory net gain from operations | $1097 | $1331 | $1615 |
|  Statutory net income (loss) | (91) | 845 | 1769 |

---

Government debt securities of $4 million as of both December 31, 2024 and 2023 were on deposit with various states as required by law.

**17. OFFSETTING ASSETS AND LIABILITIES** 

Certain financial instruments and derivative instruments are eligible for offset in the Consolidated Balance Sheets. The Company's derivative instruments are subject to master netting and collateral arrangements and qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. The Company's policy is to recognize amounts subject to master netting arrangements on a gross basis in the Consolidated Balance Sheets.

The following tables present the gross and net information about the Company's assets subject to master netting arrangements:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| | **Gross<br>Amounts of**<br> **Recognized<br>Assets** | **Gross Amounts<br>Offset in the**<br> **Consolidated<br>Balance Sheets** | **Amounts of Assets**<br> **Presented in the<br>Consolidated<br>Balance Sheets** | **Gross Amounts Not Offset<br>in the Consolidated Balance Sheets** | **Gross Amounts Not Offset<br>in the Consolidated Balance Sheets** | **Gross Amounts Not Offset<br>in the Consolidated Balance Sheets** | **Net<br>Amount** |
| <br>**(in millions)** | **Gross<br>Amounts of**<br> **Recognized<br>Assets** | **Gross Amounts<br>Offset in the**<br> **Consolidated<br>Balance Sheets** | **Amounts of Assets**<br> **Presented in the<br>Consolidated<br>Balance Sheets** | **Financial<br>Instruments<sup>(1)</sup>** | **Cash<br>Collateral** | **Securities<br>Collateral** | **Net<br>Amount** |
|  Derivatives: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC | $9111 | $— | $9111 | $(5555) | $(1550) | $(1970) | $36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC cleared | 10 |  | 10 | (10) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange-traded | 102 |  | 102 | (17) |  |  | 85 |
|  Total | $9223 | $— | $9223 | $(5582) | $(1550) | $(1970) | $121 |
|  | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
|  | **Gross**<br> **Amounts of**<br> **Recognized<br>Assets** | **Gross Amounts<br>Offset in the**<br> **Consolidated<br>Balance Sheets** | **Amounts of Assets<br>Presented in the**<br> **Consolidated<br>Balance Sheets** | **Gross Amounts Not Offset**<br>**in the Consolidated Balance Sheets** | **Gross Amounts Not Offset**<br>**in the Consolidated Balance Sheets** | **Gross Amounts Not Offset**<br>**in the Consolidated Balance Sheets** | **Net<br>Amount** |
| **(in millions)** | **Gross**<br> **Amounts of**<br> **Recognized<br>Assets** | **Gross Amounts<br>Offset in the**<br> **Consolidated<br>Balance Sheets** | **Amounts of Assets<br>Presented in the**<br> **Consolidated<br>Balance Sheets** | **Financial<br>Instruments<sup>(1)</sup>** | **Cash<br>Collateral** | **Securities<br>Collateral** | **Net<br>Amount** |
|  Derivatives: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC | $5170 | $— | $5170 | $(3694) | $(1101) | $(357) | $18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC cleared | 9 |  | 9 | (9) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange-traded | 38 |  | 38 | (18) |  |  | 20 |
|  Total | $5217 | $— | $5217 | $(3721) | $(1101) | $(357) | $38 |

---

<sup>(1)</sup> Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets. 

**F-202** 

------

*RiverSource Life Insurance Company* 

The following tables present the gross and net information about the Company's liabilities subject to master netting arrangements:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| | **Gross**<br> **Amounts of**<br> **Recognized<br>Liabilities** | **Gross Amounts<br>Offset in the**<br> **Consolidated<br>Balance Sheets** | **Amounts of Liabilities**<br> **Presented in the**<br> **Consolidated<br>Balance Sheets** | **Gross Amounts Not Offset**<br>**in the Consolidated Balance Sheets** | **Gross Amounts Not Offset**<br>**in the Consolidated Balance Sheets** | **Gross Amounts Not Offset**<br>**in the Consolidated Balance Sheets** | **Net<br>Amount** |
| <br>**(in millions)** | **Gross**<br> **Amounts of**<br> **Recognized<br>Liabilities** | **Gross Amounts<br>Offset in the**<br> **Consolidated<br>Balance Sheets** | **Amounts of Liabilities**<br> **Presented in the**<br> **Consolidated<br>Balance Sheets** | **Financial<br>Instruments<sup>(1)</sup>** | **Cash<br>Collateral** | **Securities<br>Collateral** | **Net<br>Amount** |
|  Derivatives: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC | $5622 | $— | $5622 | $(5555) | $— | $(67) | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC cleared | 18 |  | 18 | (10) |  |  | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange-traded | 22 |  | 22 | (17) |  |  | 5 |
|  Total | $5662 | $— | $5662 | $(5582) | $— | $(67) | $13 |
|  | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
|  | **Gross<br>Amounts of**<br> **Recognized<br>Liabilities** | **Gross Amounts<br>Offset in the**<br> **Consolidated<br>Balance Sheets** | **Amounts of Liabilities**<br> **Presented in the**<br> **Consolidated<br>Balance Sheets** | **Gross Amounts Not Offset**<br>**in the Consolidated Balance Sheets** | **Gross Amounts Not Offset**<br>**in the Consolidated Balance Sheets** | **Gross Amounts Not Offset**<br>**in the Consolidated Balance Sheets** | **Net<br>Amount** |
| **(in millions)** | **Gross<br>Amounts of**<br> **Recognized<br>Liabilities** | **Gross Amounts<br>Offset in the**<br> **Consolidated<br>Balance Sheets** | **Amounts of Liabilities**<br> **Presented in the**<br> **Consolidated<br>Balance Sheets** | **Financial<br>Instruments<sup>(1)</sup>** | **Cash<br>Collateral** | **Securities<br>Collateral** | **Net<br>Amount** |
|  Derivatives: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC | $3812 | $— | $3812 | $(3694) | $(34) | $(78) | $6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC cleared | 35 |  | 35 | (9) |  |  | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange-traded | 18 |  | 18 | (18) |  |  |  |
|  Total | $3865 | $— | $3865 | $(3721) | $(34) | $(78) | $32 |

---

<sup>(1)</sup> Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets. 

In the tables above, the amount of assets or liabilities presented are offset first by financial instruments that have the right of offset under master netting or similar arrangements, then any remaining amount is reduced by the amount of cash and securities collateral. The actual collateral may be greater than amounts presented in the tables.

When the fair value of collateral accepted by the Company is less than the amount due to the Company, there is a risk of loss if the counterparty fails to perform or provide additional collateral. To mitigate this risk, the Company monitors collateral values regularly and requires additional collateral when necessary. When the value of collateral pledged by the Company declines, it may be required to post additional collateral.

Freestanding derivative instruments are reflected in Other assets and Other liabilities. Cash collateral pledged by the Company is reflected in Other assets and cash collateral accepted by the Company is reflected in Other liabilities. See Note 18 for additional disclosures related to the Company's derivative instruments and Note 5 for information related to derivatives held by consolidated investment entities.

**18. DERIVATIVES AND HEDGING ACTIVITIES** 

Derivative instruments enable the Company to manage its exposure to various market risks. The value of such instruments is derived from an underlying variable or multiple variables, including equity and interest rate indices or prices. The Company primarily enters into derivative agreements for risk management purposes related to the Company's products and operations.

Certain of the Company's freestanding derivative instruments are subject to master netting arrangements. The Company's policy on the recognition of derivatives on the Consolidated Balance Sheets is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement. See Note 17 for additional information regarding the estimated fair value of the Company's freestanding derivatives after considering the effect of master netting arrangements and collateral.

**F-203** 

------

*RiverSource Life Insurance Company* 

Generally, the Company uses derivatives as economic hedges and accounting hedges. The following table presents the notional value and gross fair value of derivative instruments, including embedded derivatives:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2023** | **December 31, 2023** | **December 31, 2023** |
| | | **Gross Fair Value** | **Gross Fair Value** | | **Gross Fair Value** | **Gross Fair Value** |
| <br>**(in millions)** | <br>**Notional** | **Assets<sup>(1)</sup>** | **Liabilities<sup>(2)</sup>** | <br>**Notional** | **Assets<sup>(1)</sup>** | **Liabilities<sup>(2)</sup>** |
|  **Derivatives not designated as hedging instruments** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate contracts | $39082 | $179 | $324 | $42516 | $185 | $305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity contracts | 108205 | 8943 | 5331 | 81905 | 5010 | 3450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit contracts | 2914 | 59 |  | 3375 | 1 | 106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange contracts | 2938 | 42 | 7 | 2952 | 21 | 4 |
|  Total non-designated hedges | 153139 | 9223 | 5662 | 130748 | 5217 | 3865 |
|  **Embedded derivatives** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IUL | N/A |  | 1002 | N/A |  | 873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed deferred indexed annuities and deposit receivables | N/A | 55 | 53 | N/A | 51 | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Structured variable annuities <sup>(3)</sup> | N/A |  | 2461 | N/A |  | 1011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total embedded derivatives | N/A | 55 | 3516 | N/A | 51 | 1936 |
|  Total derivatives | $153139 | $9278 | $9178 | $130748 | $5268 | $5801 |

---

N/A Not applicable.

<sup>(1)</sup> The fair value of freestanding derivative assets is included in Other assets and the fair value of ceded embedded derivative assets related to deposit receivables is included in Receivables.

<sup>(2)</sup> The fair value of freestanding derivative liabilities is included in Other liabilities. The fair value of IUL, fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims.

<sup>(3)</sup> The fair value of the structured variable annuity embedded derivatives as of December 31, 2024 included $2.5 billion of individual contracts in a liability position and $3 million of individual contracts in an asset position. The fair value of the structured variable annuity embedded derivatives as of December 31, 2023 included $1.0 billion of individual contracts in a liability position and $15 million of individual contracts in an asset position. 

See Note 14 for additional information regarding the Company's fair value measurement of derivative instruments.

As of both December 31, 2024 and 2023, investment securities with a fair value of $1.5 billion were pledged to meet contractual obligations under derivative contracts, of which $84 million and $145 million, respectively, may be sold, pledged or rehypothecated by the counterparty. As of December 31, 2024 and 2023, investment securities with a fair value of $2.2 billion and $376 million, respectively, were received as collateral to meet contractual obligations under derivative contracts, of which $2.0 billion and $314 million, respectively, may be sold, pledged or rehypothecated by the Company. As of both December 31, 2024 and 2023, the Company had sold, pledged, or rehypothecated none of these securities. In addition, as of both December 31, 2024 and 2023, non-cash collateral accepted was held in separate custodial accounts and was not included in the Company's Consolidated Balance Sheets.

The following table presents a summary of the impact of derivatives not designated as hedging instruments, including embedded derivatives, on the Consolidated Statements of Income:

---

| | | | |
|:---|:---|:---|:---|
| **(in millions)** | **Benefits,**<br> **Claims, Losses**<br> **and Settlement**<br> **Expenses** | **Interest**<br> **Credited to**<br> **Fixed**<br> **Accounts** | **Change in Fair<br>Value of**<br> **Market Risk**<br> **Benefits** |
|  **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate contracts | $(10) | $— | $(1128) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity contracts | 1419 | 71 | (1021) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit contracts |  |  | 124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange contracts |  |  | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IUL embedded derivatives |  | (106) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed deferred indexed annuity and deposit receivables embedded derivatives |  | 16 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Structured variable annuity embedded derivatives | (1670) |  |  |
|  Total gain (loss) | $(261) | $(19) | $(1961) |

---

**F-204** 

------

*RiverSource Life Insurance Company* 

---

| | | | |
|:---|:---|:---|:---|
| **(in millions)** | **Benefits,<br>Claims, Losses<br>and Settlement**<br> **Expenses** | **Interest<br>Credited to<br>Fixed Accounts** | **Change in Fair<br>Value of<br>Market Risk**<br> **Benefits** |
|  **Year Ended December 31, 2023** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate contracts | $(5) | $— | $(422) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity contracts | 770 | 79 | (1239) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit contracts |  |  | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange contracts |  |  | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IUL embedded derivatives |  | (75) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed deferred indexed annuity and deposit receivables embedded derivatives |  | (3) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Structured variable annuity embedded derivatives | (1166) |  |  |
|  Total gain (loss) | $(401) | $1 | $(1649) |
|  **Year Ended December 31, 2022** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate contracts | $(26) | $— | $(2874) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity contracts | (164) | (126) | 899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit contracts |  |  | 279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange contracts |  |  | 105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IUL embedded derivatives |  | 217 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed deferred indexed annuity and deposit receivables embedded derivatives |  | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Structured variable annuity embedded derivatives | 633 |  |  |
|  Total gain (loss) | $443 | $95 | $(1591) |

---

The Company holds derivative instruments that either do not qualify or are not designated for hedge accounting treatment. These derivative instruments are used as economic hedges of equity, interest rate, credit and foreign currency exchange rate risk related to various products and transactions of the Company.

The deferred premium associated with certain of the above options is paid or received semi-annually over the life of the contract or at maturity. The following is a summary of the payments the Company is scheduled to make and receive for these options as of December 31, 2024:

---

| | | |
|:---|:---|:---|
| **(in millions)** | **Premiums**<br> **Payable** | **Premiums**<br> **Receivable** |
| 2025 | $119 | $20 |
| 2026 | 246 | 88 |
| 2027 | 19 |  |
| 2028 | 29 |  |
| 2029 | 135 |  |
| 2030-2031 | 234 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $782 | $108 |

---

Actual timing and payment amounts may differ due to future settlements, modifications or exercises of the contracts prior to the full premium being paid or received.

Structured variable annuity and IUL products have returns tied to the performance of equity markets. As a result of fluctuations in equity markets, the obligation incurred by the Company related to structured variable annuity and IUL products will positively or negatively impact earnings over the life of these products. The equity components of structured variable annuity and IUL product obligations are considered embedded derivatives, which are bifurcated from their host contracts for valuation purposes and reported on the Consolidated Balance Sheets at fair value with changes in fair value reported in earnings. As a means of economically hedging its obligations under the provisions of these products, the Company enters into interest rate swaps, index options and futures contracts.

As discussed in Note 12, the Company issues variable annuity contracts that provide protection to contractholders from other- than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. The Company economically hedges its obligations under these market risk benefits using options, swaptions, swaps and futures.

**F-205** 

------

*RiverSource Life Insurance Company* 

**Credit Risk** 

Credit risk associated with the Company's derivatives is the risk that a derivative counterparty will not perform in accordance with the terms of the applicable derivative contract. To mitigate such risk, the Company has established guidelines and oversight of credit risk through a comprehensive enterprise risk management program that includes members of senior management. Key components of this program are to require preapproval of counterparties and the use of master netting and collateral arrangements whenever practical. See Note 17 for additional information on the Company's credit exposure related to derivative assets.

Certain of the Company's derivative contracts contain provisions that adjust the level of collateral the Company is required to post based on the Company's financial strength rating (or based on the debt rating of the Company's parent, Ameriprise Financial). Additionally, certain of the Company's derivative contracts contain provisions that allow the counterparty to terminate the contract if the Company does not maintain a specific financial strength rating or Ameriprise Financial's debt does not maintain a specific credit rating (generally an investment grade rating). If these termination provisions were to be triggered, the Company's counterparty could require immediate settlement of any net liability position. As of December 31, 2024 and 2023, the aggregate fair value of derivative contracts in a net liability position containing such credit contingent provisions was $67 million and $62 million, respectively. The aggregate fair value of assets posted as collateral for such instruments as of December 31, 2024 and 2023 was $67 million and $55 million, respectively. If the credit contingent provisions of derivative contracts in a net liability position as of both December 31, 2024 and 2023 were triggered, the aggregate fair value of additional assets that would be required to be posted as collateral or needed to settle the instruments immediately would have been nil and $7 million as of December 31, 2024 and 2023, respectively.

**19. SHAREHOLDER'S EQUITY** 

The following tables present the amounts related to each component of OCI:

---

| | | | |
|:---|:---|:---|:---|
| | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| <br>**(in millions)** | **Pretax** | **Income Tax<br>Benefit<br>(Expense)** | **Net of Tax** |
|  Net unrealized gains (losses) on securities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net unrealized gains (losses) on securities arising during the period<sup>(1)</sup> | $(383) | $82 | $(301) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reclassification of net (gains) losses on securities included in net income<sup>(2)</sup> | 11 | (2) | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impact of benefit reserves and reinsurance recoverables | 20 | (4) | 16 |
|  Net unrealized gains (losses) on securities | (352) | 76 | (276) |
|  Effect of changes in discount rate assumptions on certain long-duration contracts | 194 | (41) | 153 |
|  Effect of changes in instrument-specific credit risk on market risk benefits ("MRBs") | (79) | 17 | (62) |
|  Total other comprehensive income (loss) | $(237) | $52 | $(185) |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Year Ended December 31, 2023** | **Year Ended December 31, 2023** | **Year Ended December 31, 2023** |
| <br>**(in millions)** | **Pretax** | **Income Tax<br>Benefit<br>(Expense)** | **Net of Tax** |
|  Net unrealized gains (losses) on securities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net unrealized gains (losses) on securities arising during the period<sup>(1)</sup> | $652 | $(144) | $508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reclassification of net (gains) losses on securities included in net income<sup>(2)</sup> | 27 | (7) | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impact of benefit reserves and reinsurance recoverables | (24) | 5 | (19) |
|  Net unrealized gains (losses) on securities | 655 | (146) | 509 |
|  Effect of changes in discount rate assumptions on certain long-duration contracts | (69) | 15 | (54) |
|  Effect of changes in instrument-specific credit risk on MRBs | (83) | 18 | (65) |
|  Total other comprehensive income (loss) | $503 | $(113) | $390 |

---

**F-206** 

------

*RiverSource Life Insurance Company* 

---

| | | | |
|:---|:---|:---|:---|
| | **Year Ended December 31, 2022** | **Year Ended December 31, 2022** | **Year Ended December 31, 2022** |
| <br>**(in millions)** | **Pretax** | **Income Tax<br>Benefit<br>(Expense)** | **Net of<br>Tax** |
|  Net unrealized gains (losses) on securities:<br> Net unrealized gains (losses) on securities arising during the period<sup>(1)</sup> | $(2784) | $595 | $(2189) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reclassification of net (gains) losses on securities included in net income<sup>(2)</sup> | 88 | (19) | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impact of benefit reserves and reinsurance recoverables | 103 | (18) | 85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net unrealized gains (losses) on securities | (2593) | 558 | (2035) |
|  Effect of changes in discount rate assumptions on certain long-duration contracts | 1095 | (234) | 861 |
|  Effect of changes in instrument-specific credit risk on MRBs | 517 | (110) | 407 |
|  Total other comprehensive income (loss) | $(981) | $214 | $(767) |

---

<sup>(1)</sup> Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period.

<sup>(2)</sup> Reclassification amounts are recorded in Net realized investment gains (losses). 

Other comprehensive income (loss) related to net unrealized gains (losses) on securities includes three components: (i) unrealized gains (losses) that arose from changes in the market value of securities that were held during the period; (ii) (gains) losses that were previously unrealized, but have been recognized in current period net income due to sales of Available-for-Sale securities and due to the reclassification of noncredit losses to credit losses; and (iii) other adjustments primarily consisting of changes in insurance and annuity asset and liability balances, such as benefit reserves and reinsurance recoverables, to reflect the expected impact on their carrying values had the unrealized gains (losses) been realized as of the respective balance sheet dates.

The following table presents the changes in the balances of each component of AOCI, net of tax:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **(in millions)** | **Net Unrealized<br>Gains (Losses)<br>on Securities** | **Effect of<br>Changes in<br>Discount Rate**<br> **Assumptions** | **Effect of<br>Changes in<br>Instrument-<br>Specific Credit**<br> **Risk on MRBs** | **Other** | **Total** |
|  **Balance at January 1, 2022** | $1044 | $(933) | $(427) | $(1) | $(317) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCI before reclassifications | (2104) | 861 | 407 |  | (836) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amounts reclassified from AOCI | 69 |  |  |  | 69 |
|  Total OCI | (2035) | 861 | 407 |  | (767) |
|  **Balance at December 31, 2022** | (991) | (72) | (20) | (1) | (1084) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCI before reclassifications | 489 | (54) | (65) |  | 370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amounts reclassified from AOCI | 20 |  |  |  | 20 |
|  Total OCI | 509 | (54) | (65) |  | 390 |
|  **Balance at December 31, 2023** | (482) | (126) | (85) | (1) | (694) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCI before reclassifications | (285) | 153 | (62) |  | (194) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amounts reclassified from AOCI | 9 |  |  |  | 9 |
|  Total OCI | (276) | 153 | (62) |  | (185) |
|  **Balance at December 31, 2024** | $(758) | $27 | $(147) | $(1) | $(879) |

---

**20. INCOME TAXES** 

The components of income tax provision (benefit) were as follows:

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| <br>**(in millions)** | **2024** | **2023** | **2022** |
|  **Current income tax** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal | $(297) | $(112) | $57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State | (4) | 2 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current income tax | (301) | (110) | 55 |
|  **Deferred income tax** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal | 402 | 98 | 150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State | 2 | 2 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total deferred income tax | 404 | 100 | 154 |
|  Total income tax provision (benefit) | $103 | $(10) | $209 |

---

**F-207** 

------

*RiverSource Life Insurance Company* 

The principal reasons that the aggregate income tax provision (benefit) is different from that computed by using the U.S. statutory rate of 21% were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| | **2024** | **2023** | **2022** |
|  Tax at U.S. statutory rate | 21.0% | 21.0% | 21.0% |
|  Changes in taxes resulting from: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends received deduction | (3.4) | (8.2) | (2.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Low income housing tax credits | (2.7) | (8.0) | (2.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign tax credit, net of addback | (2.2) | (7.0) | (1.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audit adjustments | (1.0) | (3.4) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrecognized tax benefits |  | 1.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other, net | (0.5) | 1.5 | (0.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax provision (benefit) | 11.2% | (2.5)% | 13.8% |

---

The increase in the Company's effective tax rate for the year ended December 31, 2024 compared to 2023 is primarily due to higher pretax income in the current year and the related impact on tax preferred items, a decrease in foreign tax credits, net of addback, and a decrease in low income housing tax credits, partially offset by a decrease in unrecognized tax benefits and a decrease in state income taxes, net of federal benefit, which is included in Other, net.

The decrease in the Company's effective tax rate for the year ended December 31, 2023 compared to 2022 is primarily due to lower pretax income.

Deferred income tax assets and liabilities result from temporary differences between the assets and liabilities measured for GAAP reporting versus income tax return purposes. Deferred income tax assets and liabilities are measured at the statutory rate of 21% as of both December 31, 2024 and 2023. The significant components of the Company's deferred income tax assets and liabilities, which are included net within Other assets or Other liabilities, were as follows:

---

| | | |
|:---|:---|:---|
| | **December 31,** | **December 31,** |
| <br>**(in millions)** | **2024** | **2023** |
|  **Deferred income tax assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance and annuity benefits including corresponding hedges | $801 | $1244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments including net unrealized on Available-for-Sale securities | 177 | 118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net operating loss | 35 | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 4 | 2 |
|  Gross deferred income tax assets | 1017 | 1392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: valuation allowance | 32 | 30 |
|  Total deferred income tax assets | 985 | 1362 |
|  **Deferred income tax liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred acquisition costs | 355 | 380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 57 | 56 |
|  Gross deferred income tax liabilities | 412 | 436 |
|  Net deferred income tax assets | $573 | $926 |

---

Included in the Company's deferred income tax assets are tax benefits related to state net operating losses of $35 million, net of federal benefit, which will expire beginning December 31, 2025. Based on analysis of the Company's tax position as of December 31, 2024, management believes it is more likely than not that the Company will not realize certain state net operating losses of $30 million and state deferred tax assets of $2 million, both net of federal benefit; therefore, a valuation allowance of

$32 million has been established.

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits was as follows:

---

| | | | |
|:---|:---|:---|:---|
| **(in millions)** | **2024** | **2023** | **2022** |
|  Balance at January 1 | $27 | $37 | $37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reductions for tax positions related to the current year | (3) | (3) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions for tax positions of prior years |  | 65 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reductions for tax positions of prior years |  | (71) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reductions due to lapse of statutes of limitations | (2) | (1) |  |
|  Balance at December 31 | $22 | $27 | $37 |

---

**F-208** 

------

*RiverSource Life Insurance Company* 

If recognized, approximately $17 million, $19 million and $20 million, net of federal tax benefits, of unrecognized tax benefits as of December 31, 2024, 2023 and 2022, respectively, would affect the effective tax rate.

It is reasonably possible that the total amount of unrecognized tax benefits will change in the next 12 months. The Company estimates that the total amount of gross unrecognized tax benefits may decrease by approximately $1 million in the next 12 months primarily due to state statutes of limitations expirations.

The Company recognizes interest and penalties related to unrecognized tax benefits as a component of the income tax provision. The Company recognized a net increase of $2 million, $8 million and nil in interest and penalties for the years ended December 31, 2024, 2023 and 2022, respectively. As of December 31, 2024 and 2023, the Company had a payable of $13 million and $11 million, respectively, related to accrued interest and penalties.

The Company files income tax returns as part of its inclusion in the consolidated federal income tax return of Ameriprise Financial in the U.S. federal jurisdiction and various state jurisdictions. The Internal Revenue Service ("IRS") is currently auditing Ameriprise Financial's U.S. income tax returns for 2019 and 2020. The state income tax returns of Ameriprise Financial or its subsidiaries, including the Company, are currently under examination by various jurisdictions for years ranging from 2017 through 2023.

**21. COMMITMENTS AND CONTINGENCIES** 

**Commitments** 

The following table presents the Company's funding commitments as of December 31:

---

| | | |
|:---|:---|:---|
| **(in millions)** | **2024** | **2023** |
|  Commercial mortgage loans | $58 | $15 |

---

**Contingencies** 

The Company and its affiliates are involved in the normal course of business in legal proceedings which include regulatory inquiries, arbitration and litigation, including class actions, concerning matters arising in connection with the conduct of its activities. These include proceedings specific to the Company as well as proceedings generally applicable to business practices in the industries in which it operates. The Company can also be subject to legal proceedings arising out of its general business activities, such as its investments, contracts and employment relationships. Uncertain economic conditions, heightened and sustained volatility in the financial markets and significant financial reform legislation may increase the likelihood that clients and other persons or regulators may present or threaten legal claims or that regulators increase the scope or frequency of examinations of the Company or the insurance industry generally.

As with other insurance companies, the level of regulatory activity concerning the Company's businesses remains elevated. From time to time, the Company and its affiliates, including AFS and RiverSource Distributors, Inc. receive requests for information from, and/or are subject to examination or claims by various state, federal and other domestic authorities. The Company and its affiliates typically have numerous pending matters, that include information requests, exams, or disputes regarding their business activities and practices and other subjects, including from time to time: sales and distribution of, and disclosure practices related to, various products, including the Company's insurance and annuity products; supervision of associated persons, including AFS financial advisors and RiverSource Distributors, Inc.'s wholesalers; administration of insurance and annuity claims; security of client information; and transaction monitoring systems and controls. The Company and its affiliates are cooperating with the applicable regulators.

These pending matters are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss that may result from such matters. The Company cannot predict with certainty if, how, or when any such proceedings will be initiated or resolved. Matters frequently need to be more developed before a potential loss or range of loss can be reasonably estimated for any matter. An adverse outcome in any matter could result in an adverse judgment, a settlement, fine, penalty, or other sanction, and may lead to further claims, examinations, adverse publicity or reputational damage, each of which could have a material adverse effect on the Company's consolidated financial condition, results of operations, or liquidity.

In accordance with applicable accounting standards, the Company establishes an accrued liability for contingent litigation and regulatory matters when those matters present loss contingencies that are both probable and can be reasonably estimated. The Company discloses the nature of the contingency when management believes there is at least a reasonable possibility that the outcome may be material to the Company's consolidated financial statements and, where feasible, an estimate of the possible loss. In such cases, there still may be an exposure to loss in excess of any amounts reasonably estimated and accrued. When a loss contingency is not both probable and reasonably estimable, the Company does not establish an accrued liability, but continues to monitor, in conjunction with any outside counsel handling a matter, further developments that would make such loss contingency both probable and reasonably estimable. Once the Company establishes an accrued liability with respect to a loss contingency, the Company continues to monitor the matter for further developments that could affect the amount of the accrued liability that has been previously established, and any appropriate adjustments are made each quarter.

**F-209** 

------

*RiverSource Life Insurance Company* 

**Guaranty Fund Assessments** 

RiverSource Life Insurance Company and RiverSource Life of NY are required by law to be a member of the guaranty fund association in every state where they are licensed to do business. In the event of insolvency of one or more unaffiliated insurance companies, the Company could be adversely affected by the requirement to pay assessments to the guaranty fund associations. The Company projects its cost of future guaranty fund assessments based on estimates of insurance company insolvencies provided by the National Organization of Life and Health Insurance Guaranty Associations and the amount of its premiums written relative to the industry-wide premium in each state. The Company accrues the estimated cost of future guaranty fund assessments when it is considered probable that an assessment will be imposed, the event obligating the Company to pay the assessment has occurred and the amount of the assessment can be reasonably estimated.

The Company has a liability for estimated guaranty fund assessments and a related premium tax asset. As of December 31, 2024 and 2023, the estimated liability was $11 million and $34 million, respectively. As of December 31, 2024 and 2023, the related premium tax asset was $9 million and $29 million, respectively. The expected period over which guaranty fund assessments will be made and the related tax credits recovered is not known.

**F-210** 

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SAI9010_12_D02_(09/25)

------

PART B.

[The combined Statement of Additional Information and Financial Statement for RiverSource Variable Account F dated September 22,](https://www.sec.gov/Archives/edgar/data/353965/000119312525103936/d862055d485bpos.htm)[2025 filed electronically as Part B to Post-Effective Amendment No. 25 to Registration Statement No. 333-230376 is incorporated by](https://www.sec.gov/Archives/edgar/data/353965/000119312525103936/d862055d485bpos.htm)[reference](https://www.sec.gov/Archives/edgar/data/353965/000119312525103936/d862055d485bpos.htm).

PART C – OTHER INFORMATION

**Item 27. Exhibits** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) (i) [Resolution of the Board of Directors of IDS Life Insurance Company establishing the IDS Life Variable Account 10 dated](https://www.sec.gov/Archives/edgar/data/1000191/0000820027-95-000446.txt) [August 23, 1995, filed electronically as Exhibit 1 to Registrant's Initial Registration Statement No. 33-62407 is](https://www.sec.gov/Archives/edgar/data/1000191/0000820027-95-000446.txt) [incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/0000820027-95-000446.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Unanimous Written Consent of the Board of Directors In Lieu of a Meeting for IDS Life Insurance Company, adopted December 8, 2006 for the Re-designation of the Separate Accounts to Reflect Entity
Consolidation and Rebranding filed electronically as Exhibit 27(a)(6) to
Post-Effective Amendment No. 28 to Registration Statement No. 333-69777 is incorporated by reference.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Form of Principal Underwriter Agreement for RiverSource Life Insurance Company Variable Annuities and Variable Life Insurance filed electronically as Exhibit 3.1 to the Initial Registration Statement on Form
N-4 for RiverSource Variable Annuity Account (previously American Enterprise
Variable Annuity Account), RiverSource Signature(SM) Select Variable Annuity
and RiverSource Signature(SM) Variable Annuity, on or about Jan. 2, 2007, is incorporated by reference.

&nbsp;&nbsp;&nbsp;&nbsp;(d) (i) [Form of Deferred Annuity Contract for non-qualified contracts (form 31043) filed electronically as Exhibit 4.1 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt) [Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt) [reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) [Form of Deferred Annuity Contract for tax qualified contracts (form 31044) filed electronically as Exhibit 4.2 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt) [Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt) [reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) [Form of Deferred Annuity Contract for IRA contracts (form 31045-IRA) filed electronically as Exhibit 4.3 to Registrant's](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt) [Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) [Form of Deferred Annuity Contract for non-qualified contracts (form 31046) filed electronically as Exhibit 4.4 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt) [Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt) [reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) [Form of Deferred Annuity Contract for tax qualified contracts (form 31047) filed electronically as Exhibit 4.5 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt) [Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt) [reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) [Form of Deferred Annuity Contract for IRA contracts (form 31048-IRA) filed electronically as Exhibit 4.6 to Registrant's](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt) [Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000424/0000820027-99-000424.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) [Form of TSA Endorsement (form 31049), filed electronically as Exhibit 4.7 to Pre-Effective Amendment No. 1 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000636/0000820027-99-000636.txt) [Registration Statement No. 333-79311 filed on or about Aug. 10, 1999 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000636/0000820027-99-000636.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) [Form of Maximum Anniversary Value Death Benefit Rider, filed electronically as Exhibit 4.8 to Post-Effective Amendment](https://www.sec.gov/Archives/edgar/data/1000191/000082002701500255/mavdbr.txt) [No. 4 to Registration Statement No. 333-79311, is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002701500255/mavdbr.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) [Form of Enhanced Earnings Death Benefit Rider, filed electronically as Exhibit 4.9 to Post-Effective Amendment No. 4 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002701500255/eedbr.txt) [Registration Statement No. 333-79311, is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002701500255/eedbr.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) [Form of Enhanced Earnings Plus Death Benefit Rider, filed electronically as Exhibit 4.10 to Post-Effective Amendment](https://www.sec.gov/Archives/edgar/data/1000191/000082002701500255/eepdbr.txt811) [No. 4 to Registration Statement No. 333-79311, is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002701500255/eepdbr.txt811)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) [Form of Traditional IRA or SEP-IRA Annuity Endorsement (form 131061) filed electronically as Exhibit 4.11 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002703000303/ex4-11_131061.txt) [Post-Effective Amendment No. 14 to Registration Statement No. 333-79311, is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002703000303/ex4-11_131061.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) [Form of Roth IRA Annuity Endorsement (form 131062) filed electronically as Exhibit 4.12 to Post-Effective Amendment](https://www.sec.gov/Archives/edgar/data/1000191/000082002703000303/ex4-12_131062.txt) [No. 14 to Registration Statement No. 333-79311, is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002703000303/ex4-12_131062.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) [Form of SIMPLE IRA Annuity Endorsement (form 131063) filed electronically as Exhibit 4.13 to Post-Effective](https://www.sec.gov/Archives/edgar/data/1000191/000082002703000303/ex4-13_131063.txt) [Amendment No. 14 to Registration Statement No. 333-79311, is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002703000303/ex4-13_131063.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) [Form of Deferred Annuity Contract for non-qualified contracts (form 131041) filed electronically as Exhibit 4.14 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002703000303/ex4-14_131041.txt) [Post-Effective Amendment No. 14 to Registration Statement No. 333-79311, is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002703000303/ex4-14_131041.txt)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) [Form of Deferred Annuity Contract for Retirement Advisor Advantage Plus (form 1043 A) filed electronically as](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-15_defcontract.txt) [Exhibit 4.15 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004,](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-15_defcontract.txt) [is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-15_defcontract.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) [Form of Deferred Annuity Contract for Retirement Advisor Select Plus (form 131041 A) filed electronically as Exhibit 4.16](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-16_defcontract.txt) [to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-16_defcontract.txt) [incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-16_defcontract.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) [Form of Deferred Annuity Contract for RiverSource Retirement Advisor 4 Advantage Variable Annuity (form 131101), filed](https://www.sec.gov/Archives/edgar/data/1000191/000106880006000474/fv131101.txt) [electronically as Exhibit 4.17 to Post-Effective Amendment No. 40 to Registration Statement No. 333-79311, filed on or](https://www.sec.gov/Archives/edgar/data/1000191/000106880006000474/fv131101.txt) [about June 5, 2006, is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880006000474/fv131101.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) [Form of Deferred Annuity Contract for RiverSource Retirement Advisor 4 Select Variable Annuity (form 131102), filed](https://www.sec.gov/Archives/edgar/data/1000191/000106880006000474/fv131102.txt) [electronically as Exhibit 4.18 to Post-Effective Amendment No. 40 to Registration Statement No. 333-79311, filed on or](https://www.sec.gov/Archives/edgar/data/1000191/000106880006000474/fv131102.txt) [about June 5, 2006, is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880006000474/fv131102.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) [Form of Deferred Annuity Contract for RiverSource Retirement Advisor 4 Access Variable Annuity (form 131103), filed](https://www.sec.gov/Archives/edgar/data/1000191/000106880006000474/fv131103.txt) [electronically as Exhibit 4.19 to Post-Effective Amendment No. 40 to Registration Statement No. 333-79311, filed on or](https://www.sec.gov/Archives/edgar/data/1000191/000106880006000474/fv131103.txt) [about June 5, 2006, is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880006000474/fv131103.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) [Form of TSA Endorsement (form 131068), filed electronically as Exhibit 4.17 to Post-Effective Amendment No. 21 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-17_tsa.txt) [Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-17_tsa.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) [Form of Return of Purchase Payments Rider (form 131072), filed electronically as Exhibit 4.18 to Post-Effective](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-18_pprider.txt) [Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-18_pprider.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxii) [Form of Maximum Anniversary Value Death Benefit Rider (form 131031), filed electronically as Exhibit 4.19 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-19_mav.txt) [Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-19_mav.txt) [by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-19_mav.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiii) [Form of 5-Year Maximum Anniversary Value Death Benefit Rider (form 131071), filed electronically as Exhibit 4.20 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-20_mav5yr.txt) [Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-20_mav5yr.txt) [by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-20_mav5yr.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiv) [Form of Enhanced Earnings Death Benefit Rider (form 131032 A), filed electronically as Exhibit 4.21 to Post-Effective](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-21_eeb.txt) [Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-21_eeb.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxv) [Form of Enhanced Earnings Plus Death Benefit Rider (form 131033 A), filed electronically as Exhibit 4.22 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-22_eep.txt) [Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-22_eep.txt) [by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-22_eep.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxvi) [Form of 401 (a) Annuity Endorsement (form 131069), filed electronically as Exhibit 4.23 to Post-Effective Amendment](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-21_eeb.txt) [No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000033/ex4-21_eeb.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxvii) [Form of Guarantee Period Accounts Rider filed electronically as Exhibit 4.24 to Post-Effective Amendment No. 25 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000497/ex4-24_gpa.txt) [Registration Statement No. 333-79311, filed on or about June 2, 2004, is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000497/ex4-24_gpa.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxviii) [Form of Guaranteed Minimum Withdrawal Benefit Rider (form 131034) filed electronically as Exhibit 4.25 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000886/ex4-25_e131034.txt) [Post-Effective Amendment No. 29 to Registration Statement No. 333-79311, filed on or about Oct. 21, 2004, is](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000886/ex4-25_e131034.txt) [incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002704000886/ex4-25_e131034.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxix) [Form of Guaranteed Minimum Accumulation Benefit Rider (GMAB) (form 131035) filed electronically as Exhibit 4.29 to](https://www.sec.gov/Archives/edgar/data/1000191/000104746906005740/a2169395zex-99_429.txt) [Registrant's Post-Effective Amendment No. 39 to Registration Statement No. 333-79311 is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000104746906005740/a2169395zex-99_429.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxx) [Form of Portfolio Navigator Model Portfolio Rider (form 131070C) filed electronically as Exhibit 4.30 to Registrant's](https://www.sec.gov/Archives/edgar/data/1000191/000104746906005740/a2169395zex-99_430.txt) [Post-Effective Amendment No. 39 to Registration Statement No. 333-79311 is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000104746906005740/a2169395zex-99_430.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxi) [Form of Guaranteed Minimum Lifetime Withdrawal Benefit Rider (Withdrawal Benefit for Life), filed electronically as](https://www.sec.gov/Archives/edgar/data/1000191/000106880006000474/e131034c.txt) [Exhibit 4.31 to Post-Effective Amendment No. 40 to Registration Statement No. 333-79311, filed on or about June 5, 2006,](https://www.sec.gov/Archives/edgar/data/1000191/000106880006000474/e131034c.txt) [is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880006000474/e131034c.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxii) [Copy of Company name change endorsement (form 131115) for RiverSource Life Insurance Company, filed electronically](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/rava4333-79311_ex4p32.txt) [as Exhibit 4.32 to Registrant's Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 filed on or](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/rava4333-79311_ex4p32.txt) [about Jan. 2, 2007, is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/rava4333-79311_ex4p32.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxiii) [Form of SecureSource Joint Life rider filed electronically as Exhibit 4.33 to Registrant's Post-Effective Amendment No. 44](https://www.sec.gov/Archives/edgar/data/1000191/000095013707009983/c16303exv99w4w33.txt) [to Registration Statement No. 333-79311 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095013707009983/c16303exv99w4w33.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxiv) [Form of SecureSource Single Life rider filed electronically as Exhibit 4.34 to Registrant's Post-Effective Amendment](https://www.sec.gov/Archives/edgar/data/1000191/000095013707009983/c16303exv99w4w34.txt) [No. 44 to Registration Statement No. 333-79311 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095013707009983/c16303exv99w4w34.txt)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxv) [Form of Guaranteed Minimum Withdrawal Benefit Rider (form 131034-E) filed electronically as Exhibit 4.35 to](https://www.sec.gov/Archives/edgar/data/1000191/000095013707018515/c19144bexv99wx4yx35y.txt) [Registrant's Post-Effective Amendment No. 47 to Registration Statement No. 333-79311 is incorporated herein by](https://www.sec.gov/Archives/edgar/data/1000191/000095013707018515/c19144bexv99wx4yx35y.txt) [reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095013707018515/c19144bexv99wx4yx35y.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxvi) [Form of Deferred Annuity Contract for RAVA 5 Advantage and data pages filed electronically as Exhibit 4.36 to](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w36.txt) [Registrant's Post-Effective Amendment No. 61 to Registration Statement No. 333-79311 is incorporated herein by](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w36.txt) [reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w36.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxvii) [Form of Deferred Annuity Contract for RAVA 5 Select and data pages filed electronically as Exhibit 4.37 to Registrant's](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w37.txt) [Post-Effective Amendment No. 61 to Registration Statement No. 333-79311 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w37.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxviii) [Form of Deferred Annuity Contract for RAVA 5 Access and data pages filed electronically as Exhibit 4.38 to Registrant's](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w38.txt) [Post-Effective Amendment No. 61 to Registration Statement No. 333-79311 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w38.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxix) [Form of Guarantee Period Accounts Endorsement (form 411272) filed electronically as Exhibit 4.56 to RiverSource](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx56y.txt) [Variable Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx56y.txt) [reference.](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx56y.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xl) [Form of Maximum Anniversary Value Death Benefit Rider (form 411278) filed electronically as Exhibit 4.57 to](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx57y.txt) [Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx57y.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xli) [Form of 5-Year Maximum Anniversary Value Death Benefit Rider filed electronically as Exhibit 4.41 to Registrant's](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w41.txt) [Post-Effective Amendment No. 61 to Registration Statement No. 333-79311 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w41.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xlii) [Form of 5% Accumulation Death Benefit Rider (form 411279) filed electronically as Exhibit 4.59 to RiverSource Variable](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx59y.txt) [Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx59y.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xliii) [Form of Enhanced Death Benefit Rider (form 411280) filed electronically as Exhibit 4.60 to RiverSource Variable](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx60y.txt) [Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx60y.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xliv) [Form of Return of Purchase Payment Death Benefit Rider (form 411277) filed electronically as Exhibit 4.61 to RiverSource](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx61y.txt) [Variable Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx61y.txt) [reference.](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx61y.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xlv) [Form of Benefit Protector(SM) Death Benefit Rider (form 411281) filed electronically as Exhibit 4.62 to RiverSource](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx62y.txt) [Variable Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx62y.txt) [reference.](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx62y.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xlvi) [Form of Benefit Protector(SM) Plus Death Benefit Rider (form 411282) filed electronically as Exhibit 4.63to RiverSource](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx63y.txt) [Variable Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx63y.txt) [reference.](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx63y.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xlvii) [Form of Guaranteed Minimum Accumulation Benefit Rider (form 411283) filed electronically as Exhibit 4.64 to](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx64y.txt) [RiverSource Variable Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx64y.txt) [incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/926266/000095012309065957/c53624bexv99wx4yx64y.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xlviii) [Form of Guaranteed Lifetime Withdrawal Benefit Single Life Rider SecureSource Stages 2 Rider filed electronically as](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w48.txt) [Exhibit 4.48 to Registrant's Post-Effective Amendment No. 61 to Registration Statement No. 333-79311 is incorporated](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w48.txt) [herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w48.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xlix) [Form of Guaranteed Lifetime Withdrawal Benefit Joint Life Rider SecureSource Stages 2 Rider filed electronically as](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w49.txt) [Exhibit 4.49 to Registrant's Post-Effective Amendment No. 61 to Registration Statement No. 333-79311 is incorporated](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w49.txt) [herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095012310064848/c57917bexv99w4w49.txt)

&nbsp;&nbsp;&nbsp;&nbsp;(e) [Form of Variable Annuity Application (form 31063), filed electronically as Exhibit 5 to Pre-Effective Amendment No. 1 to](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000636/0000820027-99-000636.txt) [Registration Statement No. 333-79311 filed on or about Aug. 10, 1999 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002799000636/0000820027-99-000636.txt)

&nbsp;&nbsp;&nbsp;&nbsp;(f) (i) [Certificate of Incorporation of IDS Life dated July 24, 1957, filed electronically as Exhibit 6.1 to Registrant's Initial](https://www.sec.gov/Archives/edgar/data/1000191/0000820027-95-000446.txt) [Registration Statement No. 33-62407 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/0000820027-95-000446.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) [Copy of Certificate of Amendment of Certificate of Incorporation of IDS Life Insurance Company dated June 22, 2006,](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exfp1.txt) [filed electronically as Exhibit 27(f)(1) to Post-Effective Amendment No. 28 to Registration Statement No. 333-69777 is](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exfp1.txt) [incorporated by reference.](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exfp1.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) [Copy of Amended and Restated By-Laws of RiverSource Life Insurance Company filed electronically as Exhibit 27(f)(2) to](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exfp2.txt) [Post-Effective Amendment No. 28 to Registration Statement No. 333-69777 is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exfp2.txt)

&nbsp;&nbsp;&nbsp;&nbsp;(g) Not applicable.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(h) (i) [Amended and Restated Participation Agreement dated April 17, 2006, by and among AIM Variable Insurance Funds, AIM](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp1.txt) [Distributors, Inc. American Enterprise Life Insurance Company, American Partners Life Insurance Company, IDS Life](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp1.txt) [Insurance Company, and Ameriprise Financial Services, Inc. filed electronically as Exhibit 27(h) (1) to Post-Effective](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp1.txt) [Amendment No. 28 to Registration Statement No. 333-69777 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp1.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) [Amended and Restated Participation Agreement dated August 1, 2006, among American Enterprise Life Insurance](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp20.txt) [Company, IDS Life Insurance Company, Ameriprise Financial Services, Inc., AllianceBernstein L.P. and AllianceBernstein](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp20.txt) [Investments, Inc. filed electronically as Exhibit 27(h) (20) to Post-Effective Amendment No. 28 to Registration Statement](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp20.txt) [No. 333-69777 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp20.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) [Participation Agreement between IDS Life Insurance Company and INVESCO Variable Investment Funds, Inc, and](https://www.sec.gov/Archives/edgar/data/1000191/000082002702000296/invesco-idsl.txt) [INVESCO Distributors, Inc., dated August 13, 2001 filed electronically as Exhibit 8.9 to Post-Effective Amendment No. 10](https://www.sec.gov/Archives/edgar/data/1000191/000082002702000296/invesco-idsl.txt) [to Registration Statement No. 333-79311 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000082002702000296/invesco-idsl.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) [Amended and Restated Fund Participation Agreement dated June 1, 2006, by and among American Centurion Life](https://www.sec.gov/Archives/edgar/data/817132/000106880007000046/exh-hp3.txt) [Assurance Company, American Enterprise Life Insurance Company, American Partners Life Insurance Company, IDS Life](https://www.sec.gov/Archives/edgar/data/817132/000106880007000046/exh-hp3.txt) [Insurance Company, IDS Life Insurance Company of New York, Ameriprise Financial Services, Inc. and American Century](https://www.sec.gov/Archives/edgar/data/817132/000106880007000046/exh-hp3.txt) [Investment Services, Inc. filed electronically as Exhibit 27(h)(3) to Post-Effective Amendment No. 22 to Registration](https://www.sec.gov/Archives/edgar/data/817132/000106880007000046/exh-hp3.txt) [Statement No. 333-44644 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/817132/000106880007000046/exh-hp3.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) [Fund Participation Agreement dated May 1, 2006 among American Enterprise Life Insurance Company, IDS Life Insurance](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp22.txt) [Company, Columbia Funds Variable Insurance Trust I, Columbia Management Advisors, LLC and Columbia Management](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp22.txt) [Distributors, Inc. filed electronically as Exhibit 27(h) (22) to Post-Effective Amendment No. 28 to Registration Statement](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp22.txt) [No. 333-69777 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp22.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) [Amended and Restated Participation Agreement dated May 1, 2006, by and among American Enterprise Life Insurance](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p6_credit-suisse.txt) [Company, American Partners Life Insurance Company, IDS Life Insurance Company, Credit Suisse Trust, Credit Suisse](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p6_credit-suisse.txt) [Asset Management, LLC. and Credit Suisse Asset Management Securities, Inc. filed electronically as Exhibit 8.6 to](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p6_credit-suisse.txt) [Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p6_credit-suisse.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) [Fund Participation Agreement dated May 1, 2006, by and among American Enterprise Life Insurance Company, IDS Life](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p7_dreyfus.txt) [Insurance Company, The Dreyfus Corporation, Dreyfus Variable Investment Fund, and Dreyfus Investment Portfolios filed](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p7_dreyfus.txt) [electronically as Exhibit 8.7 to Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 is incorporated](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p7_dreyfus.txt) [herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p7_dreyfus.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) [Participation Agreement dated May 1, 2006, among Eaton Vance Variable Trust, Eaton Vance Distributors, Inc. and IDS](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p8_eaton-vance.txt) [Life Insurance Company filed electronically as Exhibit 8.8 to Post-Effective Amendment No. 41 to Registration Statement](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p8_eaton-vance.txt) [No. 333-79311 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p8_eaton-vance.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) [Amended and Restated Fund Participation Agreement dated January 1, 2007, among Variable Insurance Products Funds,](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w6xay.txt) [Fidelity Distributors Corporation and RiverSource Life Insurance Company filed electronically as Exhibit 8.6 to](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w6xay.txt) [RiverSource Variable Annuity Account's Post-Effective Amendment No. 2 to Registration Statement No. 333-139760 on or](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w6xay.txt) [about April 24, 2008 is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w6xay.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) [Amended and Restated Participation Agreement by and between Franklin Templeton Variable Insurance Products Trust,](https://www.sec.gov/Archives/edgar/data/1000191/000104746906005740/a2169395zex-99_87.txt) [Franklin/Templeton Distributors, Inc., American Centurion Life Assurance Company, American Enterprise Life Insurance](https://www.sec.gov/Archives/edgar/data/1000191/000104746906005740/a2169395zex-99_87.txt) [Company, IDS Life Insurance Company, IDS Life Insurance Company of New York, Ameriprise Financial Services, Inc.](https://www.sec.gov/Archives/edgar/data/1000191/000104746906005740/a2169395zex-99_87.txt) [(formerly American Express Financial Advisors Inc.), dated August 1, 2005 filed electronically as Exhibit 8.7 to](https://www.sec.gov/Archives/edgar/data/1000191/000104746906005740/a2169395zex-99_87.txt) [Registrant's Post-Effective Amendment No. 39 to Registration Statement No. 333-79311 is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000104746906005740/a2169395zex-99_87.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) [Amended and Restated Participation Agreement dated June 9, 2006, by and among American Enterprise Life Insurance](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp24.txt) [Company, IDS Life Insurance Company, Goldman Sachs Variable Insurance Trust and Goldman, Sachs & Co. filed](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp24.txt) [electronically as Exhibit 27(h)(24) to Post-Effective Amendment No.28 to Registration Statement No. 333-69777 is](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp24.txt) [incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp24.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) [Janus Aspen Series Amended and Restated Fund Participation Agreement dated September 1, 2006, by and among](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp12.txt) [American Enterprise Life Insurance Company, American Partners Life Insurance Company, IDS Life Insurance Company](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp12.txt) [and Janus Aspen Series filed electronically as Exhibit 27(h)(12) to Post-Effective Amendment No. 28 to Registration](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp12.txt) [Statement No. 333-69777 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp12.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) [Amended and Restated Participation Agreement by and among IDS Life Insurance Company, American Enterprise Life](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/lazard-ael_pa.txt) [Insurance Company, Ameriprise Financial Services, Inc., Lazard Asset Management Securities LLC, and Lazard Retirement](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/lazard-ael_pa.txt) [Series, Inc., dated Oct. 16, 2006, filed electronically as Exhibit 8.14 to Post-Effective Amendment No. 42 to Registration](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/lazard-ael_pa.txt) [Statement No. 333-79311 is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/lazard-ael_pa.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) [Fund Participation Agreement dated Jan. 1, 2007, by and among RiverSource Life Insurance Company, RiverSource](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/lazard-rvslife_pa.txt) [Distributors, Inc. and Lazard Asset Management Securities LLC and Lazard Retirement Series, Inc. filed electronically as](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/lazard-rvslife_pa.txt) [Exhibit 8.15 to Post-Effective Amendment No. 42 to Registration Statement No. 333-79311 is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/lazard-rvslife_pa.txt)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) [Amended and Restated Participation Agreement dated September 1, 2006, by and among IDS Life Insurance Company,](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p15_legg-mason.txt) [Legg Mason Partners Variable Portfolios I, Inc. (formerly Salomon Brothers Variable Series Fund, Inc.), Legg Mason](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p15_legg-mason.txt) [Partners Variable Portfolios II, Inc. (formerly Greenwich Street Series Fund, formerly Smith Barney Series Fund, formerly](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p15_legg-mason.txt) [Smith Barney Shearson Series Fund, formerly Shearson Series Fund), Legg Mason Partners Variable Portfolios III, Inc.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p15_legg-mason.txt) [(formerly Travelers Series Fund Inc., formerly Smith Barney Travelers Series Fund Inc.) and Legg Mason Investor Services,](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p15_legg-mason.txt) [LLC filed electronically as Exhibit 8.15 to Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 is](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p15_legg-mason.txt) [incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p15_legg-mason.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) [Participation Agreement Among MFS Variable Insurance Trust, American Enterprise Life Insurance Company, IDS Life](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/massfin-pa0609.txt) [Insurance Company and Massachusetts Financial Services Company, dated June 9, 2006, filed electronically as Exhibit 8.17](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/massfin-pa0609.txt) [to Post-Effective Amendment No. 42 to Registration Statement No. 333-79311 is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/massfin-pa0609.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) [Fund Participation Agreement dated March 2, 2006, by and between Neuberger Berman Advisers Management Trust,](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p17_neuberger.txt) [Neuberger Berman Management, Inc. and IDS Life Insurance Company filed electronically as Exhibit 8.17 to](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p17_neuberger.txt) [Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p17_neuberger.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) [Amended and Restated Fund Participation Agreement dated March 30, 2007, among Oppenheimer Variable Account funds,](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w21.txt) [Oppenheimer Funds, Inc. and RiverSource Life Insurance Company filed electronically as Exhibit 8.21 to RiverSource](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w21.txt) [Variable Annuity Account Post-Effective Amendment No. 2 to Registration Statement No. 333-139760 on or about April 24,](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w21.txt) [2008 is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w21.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) [Participation Agreement dated March 1, 2006, among IDS Life Insurance Company, PIMCO Variable Insurance Trust and](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p19_allianz-global.txt) [Allianz Global Investors Distributors LLC filed electronically as Exhibit 8.19 to Post-Effective Amendment No. 41 to](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p19_allianz-global.txt) [Registration Statement No. 333-79311 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p19_allianz-global.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) [Amended and Restated Fund Participation Agreement dated Jan. 1, 2007, among Riversource Life Insurance Company,](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w2.txt) [Putnam Variable Trust and Putnam Retail Management Limited Partnership filed electronically as Exhibit 8.2 to](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w2.txt) [RiverSource Variable Annuity Account's Post-Effective Amendment No. 2 to Registration Statement No. 333-139760 on or](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w2.txt) [about April 24, 2008 is incorporated by reference herein](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w2.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) [Participation Agreement dated January 1, 2007, by and among RiverSource Life Insurance Company, RiverSource Life](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/rvsdist_pa.txt) [Insurance Co. of New York and RiverSource Distributors, Inc. filed electronically as Exhibit 8.24 to Post-Effective](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/rvsdist_pa.txt) [Amendment No. 42 to Registration Statement No. 333-79311 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/rvsdist_pa.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxii) [Participation Agreement by and among Royce Capital Fund and Royce & Associates, Inc. and RiverSource Life Insurance](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/royce-pa.txt) [Company, dated Jan. 1, 2007, filed electronically as Exhibit 8.29 to Post-Effective Amendment No. 42 to Registration](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/royce-pa.txt) [Statement No. 333-79311 is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/royce-pa.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiii) [Amended and Restated Participation Agreement dated May 1, 2006, among The Universal Institutional Funds, Inc., Morgan](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p24_morgan-stanley.txt) [Stanley Investment Management Inc., Morgan Stanley Distribution, Inc., American Enterprise Life Insurance Company and](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p24_morgan-stanley.txt) [IDS Life Insurance Company filed electronically as Exhibit 8.24 to Post-Effective Amendment No. 41 to Registration](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p24_morgan-stanley.txt) [Statement No. 333-79311 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007000050/ex8p24_morgan-stanley.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiv) [Amended and Restated Participation Agreement dated October 12, 2006, by and among Third Avenue Variable Series Trust,](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp18.txt) [Third Avenue Management LLC, American Enterprise Life Insurance Company and IDS Life Insurance Company filed](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp18.txt) [electronically as Exhibit 27(h)(18) to Post-Effective Amendment No. 28 to Registration Statement No. 333-69777 is](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp18.txt) [incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/768836/000106880007000043/vul3-4_exhp18.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxv) [Fund Participation Agreement dated April 2, 2007, RiverSource Life Insurance Company, Wanger Advisors Trust, Columbia](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w11.txt) [Wanger Asset Management, L.P. and Columbia Management Distributors, Inc. filed electronically as Exhibit 8.11 to](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w11.txt) [RiverSource Variable Annuity Account Post-Effective Amendment No. 2 to Registration Statement No. 333-139760 on or](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w11.txt) [about April 24, 2008 is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/926266/000095012408001979/c17764bexv8w11.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxvi) [Participation Agreement by and among Wells Fargo Variable Trust and RiverSource Life Insurance Company and Wells](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/wellsfargo_pa.txt) [Fargo Funds Distributors, LLC dated Jan. 1, 2007, filed electronically as Exhibit 8.23 to Post-Effective Amendment No. 42](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/wellsfargo_pa.txt) [to Registration Statement No. 333-79311 is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000106880007001022/wellsfargo_pa.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxvii) [Fund Participation Agreement dated April 24, 2009, by and among RiverSource Life Insurance Company, JPMorgan](https://www.sec.gov/Archives/edgar/data/1000191/000095012310046330/n57917aexv99w8w30.txt) [Insurance Trust, JPMorgan Investment Advisors Inc., J. P. Morgan Investment Management Inc. and JPMorgan Funds](https://www.sec.gov/Archives/edgar/data/1000191/000095012310046330/n57917aexv99w8w30.txt) [Management, Inc., filed electronically as Exhibit 8.30 to Post-Effective Amendment No. 58 to Registration Statement](https://www.sec.gov/Archives/edgar/data/1000191/000095012310046330/n57917aexv99w8w30.txt) [No. 333-79311 is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095012310046330/n57917aexv99w8w30.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxviii) [Fund Participation Agreement dated April 26, 2012 by and among RiverSource Life Insurance Company, BlackRock](https://www.sec.gov/Archives/edgar/data/1000191/000095012312008167/c66884aexv99w8w3.txt) [Variable Series Funds, Inc. and BlackRock Investments filed electronically as Exhibit 8.3 to RiverSource Variable Account](https://www.sec.gov/Archives/edgar/data/1000191/000095012312008167/c66884aexv99w8w3.txt) [10's Post-Effective Amendment No. 1 to Registration Statement No. 333-179398 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095012312008167/c66884aexv99w8w3.txt)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxix) [Fund Participation Agreement dated April 26, 2012 by and among RiverSource Life Insurance Company, RiverSource](https://www.sec.gov/Archives/edgar/data/1000191/000095012312008167/c66884aexv99w8w5.txt) [Distributors, Inc., DWS Variable Series I, DWS Variable Series II, DWS Investments VIT Funds DWS Investment](https://www.sec.gov/Archives/edgar/data/1000191/000095012312008167/c66884aexv99w8w5.txt) [Distributors, Inc. and Deutsche Investment Management Americas Inc. filed electronically as Exhibit 8.5 to RiverSource](https://www.sec.gov/Archives/edgar/data/1000191/000095012312008167/c66884aexv99w8w5.txt) [Variable Account 10's Post-Effective Amendment No. 1 to Registration Statement No. 333-179398 is incorporated herein](https://www.sec.gov/Archives/edgar/data/1000191/000095012312008167/c66884aexv99w8w5.txt) [by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095012312008167/c66884aexv99w8w5.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxx) [Fund Participation Agreement dated April 30, 2013, by and among ALPS Variable Investment Trust, ALPS Portfolio](https://www.sec.gov/Archives/edgar/data/1000191/000095012313002452/c30022exv99w8w16.htm) [Solutions Distributor, Inc., and RiverSource Life Insurance Company filed electronically as Exhibit 8.16 to Registrant's](https://www.sec.gov/Archives/edgar/data/1000191/000095012313002452/c30022exv99w8w16.htm) [Post-Effective Amendment No.4 to Registration Statement No.333-179398, filed on or about April 22, 2013 is incorporated](https://www.sec.gov/Archives/edgar/data/1000191/000095012313002452/c30022exv99w8w16.htm) [herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095012313002452/c30022exv99w8w16.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxi) [Fund Participation Agreement dated April 29, 2013, by and among Van Eck VIP Trust, Van Eck Securities Corporation, and](https://www.sec.gov/Archives/edgar/data/1000191/000095012313002452/c30022exv99w8w17.htm) [RiverSource Life Insurance Company filed electronically as Exhibit 8.17 to Registrant's Post-Effective Amendment No.4 to](https://www.sec.gov/Archives/edgar/data/1000191/000095012313002452/c30022exv99w8w17.htm) [Registration Statement No.333-179398, filed on or about April 22, 2013 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095012313002452/c30022exv99w8w17.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxii) [Fund Participation Agreement dated April 29, 2013, by and among Ivy Funds Variable Insurance Portfolios, Waddell &](https://www.sec.gov/Archives/edgar/data/1000191/000095012313002452/c30022exv99w8w18.htm) [Reed, Inc., and RiverSource Life Insurance Company filed electronically as Exhibit 8.18 to Registrant's Post-Effective](https://www.sec.gov/Archives/edgar/data/1000191/000095012313002452/c30022exv99w8w18.htm) [Amendment No.4 to Registration Statement No.333-179398, filed on or about April 22, 2013 is incorporated herein by](https://www.sec.gov/Archives/edgar/data/1000191/000095012313002452/c30022exv99w8w18.htm) [reference.](https://www.sec.gov/Archives/edgar/data/1000191/000095012313002452/c30022exv99w8w18.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxiii) [Fund Participation Agreement dated Dec. 30, 2016, by and among Calvert Variable Series, Inc., Eaton Vance Distributors,](https://www.sec.gov/Archives/edgar/data/1000191/000119312518129022/d504118dex99834.htm) [Inc. and RiverSource Life Insurance Company filed electronically as Exhibit 8.34 to Registrant's Poste Effective](https://www.sec.gov/Archives/edgar/data/1000191/000119312518129022/d504118dex99834.htm) [Amendment No.79 to Registration Statement No 333-79311 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1000191/000119312518129022/d504118dex99834.htm)

&nbsp;&nbsp;&nbsp;&nbsp;(i) Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;(k) [Opinion of counsel and consent to its use as the legality of the securities is filed electronically herewith](d23997dex99k.htm) .

&nbsp;&nbsp;&nbsp;&nbsp;(l) [Consents of Independent Registered Public Accounting Firm are filed electronically herewith](d23997dex99l.htm) .

&nbsp;&nbsp;&nbsp;&nbsp;(m) Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;(o) Not applicable

&nbsp;&nbsp;&nbsp;&nbsp;(p) [Power of Attorney to sign Amendment to this Registration Statement, dated Sept. 08, 2025, is filed electronically herewith](d23997dex99p.htm) .

**Item 28. Directors and Officers of the Depositor** The following are the Officers and Directors who are engaged directly or indirectly in activities relating to the Registrant or the variable annuity contracts offered by the Registrant and the executive officers of the Company:

---

| | | |
|:---|:---|:---|
| **Name** | **Principal Business Address\*** | **Position and Offices**<br> **With Depositor**<br>|
| Gumer C. Alvero |  | Chairman of the Board and President  |
| Michael J. Pelzel |  | Senior Vice President – Corporate Tax |
| Kevin L Kehn |  | Director, Senior Vice President and Chief Actuary |
| Shweta Jhanji |  | Senior Vice President and Treasurer |
| Gene R. Tannuzzo |  | Director |
| Kara D Sherman |  | &nbsp;&nbsp; Director, Senior Vice President – National Sales <br> Manager - Insurance<br>|
| Stephen R. Wolfrath |  | &nbsp;&nbsp; Director, Senior Vice President – Insurance and <br> Annuities Product Development and Management<br>|
| Brian E. Hartert |  | Director, Chief Financial Officer |
| Paula J. Minella |  | Secretary |
| Gregg L. Ewing |  | Vice President and Controller |

---

\*

The business address is 70100 Ameriprise Financial Center, Minneapolis, MN 55474.

------

**Item 29. Persons Controlled by or Under Common Control with the Depositor or the Registrant**

The following is the list of subsidiaries of Ameriprise Financial, Inc:

SUBSIDIARIES AND AFFILIATES OF AMERIPRISE FINANCIAL, INC.

---

| | |
|:---|:---|
| **Parent Company /Subsidiary Name** | **Jurisdiction** |
| Ameriprise Financial, Inc.\* | Delaware |
| Ameriprise Advisor Capital, LLC | Delaware |
| Ameriprise Advisor Financing 2, LLC | Delaware |
| Ameriprise Asset Management Holdings Singapore (Pte.) Ltd. | Singapore |
| &nbsp;&nbsp;&nbsp; Threadneedle Portfolio Services Hong Kong Limited | Hong Kong |
| &nbsp;&nbsp;&nbsp; Columbia Threadneedle Investments Japan Co., Ltd. | Japan |
| &nbsp;&nbsp;&nbsp; Columbia Threadneedle Malaysia Sdn Bhd. | Malaysia |
| &nbsp;&nbsp;&nbsp; Threadneedle Investments Singapore (Pte.) Ltd. | Singapore |
| Ameriprise Bank, FSB | Federal |
| Ameriprise Capital Trust I | Delaware |
| Ameriprise Capital Trust II | Delaware |
| Ameriprise Capital Trust III | Delaware |
| Ameriprise Capital Trust IV | Delaware |
| Ameriprise Captive Insurance Company | Vermont |
| Ameriprise Certificate Company | Delaware |
| &nbsp;&nbsp;&nbsp; Investors Syndicate Development Corporation | Nevada |
| Ameriprise Holdings, Inc. | Delaware |
| Ameriprise Installment Financing, LLC | Delaware |
| Ameriprise India LLP<sup>1</sup> <br>| India |
| Ameriprise India Partner, LLC | Delaware |
| Ameriprise Trust Company | Minnesota |
| AMPF Holding, LLC | Michigan |
| &nbsp;&nbsp;&nbsp; American Enterprise Investment Services Inc.<sup>2</sup> <br>| Minnesota |
| &nbsp;&nbsp;&nbsp; Ameriprise Financial Services, LLC<sup>2</sup> <br>| Delaware |
| &nbsp;&nbsp;&nbsp; AMPF Property Corporation | Michigan |
| &nbsp;&nbsp;&nbsp; Investment Professionals, Inc.<sup>2</sup> <br>| Texas |
| Columbia Management Investment Advisers, LLC | Minnesota |
| &nbsp;&nbsp;&nbsp; Advisory Capital Strategies Group Inc. | Minnesota |
| &nbsp;&nbsp;&nbsp; Columbia Wanger Asset Management, LLC | Delaware |
| &nbsp;&nbsp;&nbsp; Emerging Global Advisors, LLC | Delaware |
| &nbsp;&nbsp;&nbsp; GA Legacy, LLC | Delaware |
| &nbsp;&nbsp;&nbsp; J. & W. Seligman & Co. Incorporated | Delaware |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Management Investment Distributors, Inc.<sup>2</sup> <br>| Delaware |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seligman Partners, LLC<sup>3</sup> <br>| Delaware |
| &nbsp;&nbsp;&nbsp; Lionstone BBP GP, LLC | Delaware |

---

------

---

| | |
|:---|:---|
| **Parent Company /Subsidiary Name** | **Jurisdiction** |
| &nbsp;&nbsp;&nbsp; Lionstone BBP Limited Partner, LLC | Delaware |
| &nbsp;&nbsp;&nbsp; Lionstone CREAD Partners Two, LLC | Delaware |
| &nbsp;&nbsp;&nbsp; Lionstone CREAD GP, LLC | Delaware |
| &nbsp;&nbsp;&nbsp; Lionstone LORE Two, LLC | Delaware |
| &nbsp;&nbsp;&nbsp; Lionstone Partners, LLC | Texas |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Flow Asset Management GP, LLC | Texas |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Flow Asset Management, L.P.<sup>4</sup> <br>| Texas |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lionstone Advisory Services, LLC | Texas |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lionstone CFRE II Real Estate Advisory, LLC | Delaware |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lionstone Development Services, LLC | Texas |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LPL 1111 Broadway GP, LLC | Texas |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LPL 1111 Broadway, L.P.<sup>5</sup> <br>| Texas |
| &nbsp;&nbsp;&nbsp; Lionstone Raleigh Development Partners GP, LLC | Delaware |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lionstone RDP Channel House Investors, L.P. | Delaware |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lionstone RDP PCS Phase I Investors, L.P. | Delaware |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lionstone RDP Platform Investors, L.P. | Delaware |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lionstone RDP Tower V Investors GP, LLC | Delaware |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lionstone RDP St. Albans Investors GP, LLC | Delaware |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lionstone RDP Co-Investment Fund I GP, LLC | Delaware |
| &nbsp;&nbsp;&nbsp; Lionstone VA Five, LLC | Delaware |
| &nbsp;&nbsp;&nbsp; RiverSource CDO Seed Investments, LLC | Minnesota |
| Columbia Management Investment Services Corp. | Minnesota |
| Columbia Threadneedle Investments UK International Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp; Columbia Threadneedle (Europe) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle AM (Holdings) Limited | Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Astraeus III GP LLP |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Astraeus III FP LP |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Capital (Group) Limited | &nbsp;&nbsp; Cayman <br> Islands<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Capital (Holdings) Limited | &nbsp;&nbsp; Cayman <br> Islands<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Capital (UK) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Multi-Manager LLP | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thames River Capital LLP | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Group (Holdings) Limited | &nbsp;&nbsp; England & <br> Wales<br>|

---

------

---

| | |
|:---|:---|
| **Parent Company /Subsidiary Name** | **Jurisdiction** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Group (Management) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Holdings Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Management Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FCEM Holdings (UK) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Netherlands B.V. | Netherlands |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F&C Alternative Investments (Holdings) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Treasury Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WAM Holdings Ltd | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Fund Management Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Managers Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle (Services) Limited | Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Management (Swiss) GmbH<sup>‡</sup> <br>| Switzerland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Investment Business Limited | Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle PE Co-Investment GP LLP | Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FCIT PE FP LP<sup>6</sup> <br>| Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle PE Co-Investment FP LP<sup>6</sup> <br>| Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Real Estate Partners LLP<sup>7</sup> <br>| &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CT UK Residential Real Estate FCP-RAIF (Associate) | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; REIT Asset Management Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Real Estate Partners S.à.r.l. | Luxembourg |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CT Real Estate Partners GmbH & Co. KG, München | Germany |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CT Real Estate Partners Verwaltungsgesellschaft mbH, München (General Partner) | Germany |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Real Estate Partners Asset Management Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle REP Property Management Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Castle Mount Impact Partners GP LLP |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Castle Mount Impact Partners FP LP |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F&C Aurora (GP) Limited | Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LPE II (Founding Partner) LP | Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Aurora Fund (Founder Partner) LP<sup>6</sup> <br>| Scotland |

---

------

---

| | |
|:---|:---|
| **Parent Company /Subsidiary Name** | **Jurisdiction** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F&C Climate Opportunity Partners (GP) Limited | Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F&C Climate Opportunity Partners (GP) LP | Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F&C Climate Opportunity Partners (Founder Partner) LP<sup>6</sup> <br>| Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F&C Equity Partners Holdings Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F&C European Capital Partners (Founder Partner) LP<sup>6</sup> <br>| Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F&C European Capital Partners II (GP) Limited | Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F&C European Capital Partners II (Founder Partner) LP<sup>6</sup> <br>| Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F&C European Capital Partners II (GP) LP | Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F&C Group ESOP Trustee Limited | Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F&C Investment Manager Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FP Asset Management Holdings Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Asset Managers Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ivory & Sime Limited | Scotland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle (EM) Investments Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pyrford International Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| RiverSource Distributors, Inc.<sup>2</sup> <br>| Delaware |
| RiverSource Life Insurance Company | Minnesota |
| &nbsp;&nbsp;&nbsp; Columbia Cent CLO Advisers, LLC | Delaware |
| &nbsp;&nbsp;&nbsp; RiverSource Life Insurance Co. of New York | New York |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RiverSource NY REO, LLC | New York |
| &nbsp;&nbsp;&nbsp; RiverSource REO 1, LLC | Minnesota |
| &nbsp;&nbsp;&nbsp; RiverSource Tax Advantaged Investments, Inc. | Delaware |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AEXP Affordable Housing Portfolio, LLC<sup>8</sup> <br>| Delaware |
| TAM UK International Holdings Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp; Columbia Threadneedle Investments (ME) Limited | Dubai |
| &nbsp;&nbsp;&nbsp; CTM Holdings Limited | Malta |
| &nbsp;&nbsp;&nbsp; TAM Investment Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp; Threadneedle Asset Management Oversight Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ameriprise International Holdings GmbH | Switzerland |
| &nbsp;&nbsp;&nbsp; Threadneedle EMEA Holdings 1, LLC | &nbsp;&nbsp; Minnesota, <br> USA<br>|
| &nbsp;&nbsp;&nbsp; Threadneedle Holdings Limited | &nbsp;&nbsp; England & <br> Wales<br>|

---

------

---

| | |
|:---|:---|
| **Parent Company /Subsidiary Name** | **Jurisdiction** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TAM UK Holdings Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Asset Management Holdings Limited\*\* | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbia Threadneedle Foundation | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TC Financing Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Asset Management Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Investment Services Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Asset Management (Nominees) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville TIPP Property (GP) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Asset Management Finance Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TMS Investment Limited | Jersey |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle International Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Investments (Channel Islands) Limited | Jersey |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Investments Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Management Services Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Pension Trustees Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Navigator ISA Manager Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Pensions Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Portfolio Services AG | Switzerland |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Portfolio Services Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Property Investments Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville (CTESIF) 2&3 GP Sàrl | Luxembourg |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville LCW (GP) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville LCW Sub LP 1 (GP) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville LCW Nominee 1 Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville LCW Nominee 2 Limited | &nbsp;&nbsp; England & <br> Wales<br>|

---

------

---

| | |
|:---|:---|
| **Parent Company /Subsidiary Name** | **Jurisdiction** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville LCW Sub LP 2 (GP) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville LCW Nominee 3 Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville LCW Nominee 4 Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville Property Atlantic (Jersey GP) Limited | Jersey |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville Property Curtis (Jersey GP) Limited | Jersey |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville Property Farnborough (Jersey GP) Limited | Jersey |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville Property Hayes (Jersey GP) Limited | Jersey |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UKPEC6 Hayes Nominee 1 Limited | Jersey |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UKPEC6 Hayes Nominee 2 Limited | Jersey |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville TSP Property (GP) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select II (GP) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select II (GP) No. 3 Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select II Nominee (3) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select III (GP) No. 1 Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select III Nominee (1) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select III Nominee (2) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select III (GP) No. 2 Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select III Nominee (3) Ltd | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select III Nominee (4) Ltd | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select III (GP) No. 3 Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select III Nominee (5) Ltd | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select III Nominee (6) Ltd | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select III (GP) S.à r.l. | Luxembourg |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select IV (GP) S.à.r.l. | Luxembourg |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select IV (GP) No. 1 Limited | England |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select IV Nominee (1) Limited | England |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select IV Nominee (2) Limited | England |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select IV Nominee (7) Limited | England |

---

------

---

| | |
|:---|:---|
| **Parent Company /Subsidiary Name** | **Jurisdiction** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select IV Nominee (8) Limited | England |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select IV (GP) No. 2 Limited | England |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select IV Nominee (3) Limited | England |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select IV Nominee (4) Limited | England |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select IV (GP) No. 3 Limited | England |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select IV Nominee (5) Limited | England |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UK Property Select IV Nominee (6) Limited | England |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sackville UKPEC1 Leeds (GP) Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Property Execution 1 Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Property Execution 2 Limited | &nbsp;&nbsp; England & <br> Wales<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle UK Property Select IV Feeder SA SICAV-RAIF | Luxembourg |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Threadneedle Management Luxembourg S.A. | Luxembourg |

---

------

Unless otherwise indicated all ownership interests are 100%

\*

Publicly-traded company (NYSE: AMP)

\*\*

The company has non-voting shares held by third parties

<sup>†</sup>

Regulated by Luxembourg Authority

<sup>‡</sup>

FINMA Authorized Representative office of BMO Asset Management Ltd.

<sup>1</sup>

Owned by: Ameriprise Financial, Inc. 100% profit sharing ratio with capital contribution of 124,078,760 INR (Indian currency=rupees) & 10 INR owned each by Columbia Management Investment Advisers, LLC & Ameriprise India Partner, LLC

<sup>2</sup>

Registered broker-dealer

<sup>3</sup>

Managed by members of onshore hedge fund feeders

<sup>4</sup>

Owned by: Lionstone Partners, LLC (99%) & Cash Flow Asset Management GP, LLC (1%)

<sup>5</sup>

Owned by: Lionstone Partners, LLC (99.9%) & LPL 1111 Broadway GP, LLC (0.1%)

<sup>6</sup>

Columbia Threadneedle AM (Holdings) plc owns a percentage of the entity

<sup>7</sup>

Columbia ThreadneedleTreasury Limited holds 1 unit

<sup>8</sup>

One-third of this entity is owned by American Express Travel Related Services

**Item 30. Indemnification**

The amended and restated By-Laws of the depositor provide that the depositor will indemnify, to the fullest extent now or hereafter provided for or permitted by law, each person involved in, or made or threatened to be made a party to, any action, suit, claim or proceeding, whether civil or criminal, including any investigative, administrative, legislative, or other proceeding, and including any action by or in the right of the depositor or any other corporation, or any partnership, joint venture, trust, employee benefit plan, or other enterprise (any such entity, other than the depositor, being hereinafter referred to as an "Enterprise"), and including appeals therein (any such action or process being hereinafter referred to as a "Proceeding"), by reason of the fact that such person, such person's testator or intestate (i) is or was a director or officer of the depositor, or (ii) is or was serving, at the request of the depositor, as a director, officer, or in any other capacity, or any other Enterprise, against any and all judgments, amounts paid in settlement, and expenses, including attorney's fees, actually and reasonably incurred as a result of or in connection with any Proceeding, except as provided below.

No indemnification will be made to or on behalf of any such person if a judgment or other final adjudication adverse to such person establishes that such person's acts were committed in bad faith or were the result of active and deliberate dishonesty and were material to the cause of action so adjudicated, or that such person personally gained in fact a financial profit or other advantage to which such person was not legally entitled. In addition, no indemnification will be made with respect to any Proceeding initiated by any such person against the depositor, or a director or officer of the depositor, other than to enforce the terms of this indemnification provision, unless such Proceeding was authorized by the Board of Directors of the depositor. Further, no indemnification will be made with respect to any settlement or compromise of any Proceeding unless and until the depositor has consented to such settlement or compromise.

The depositor may, from time to time, with the approval of the Board of Directors, and to the extent authorized, grant rights to indemnification, and to the advancement of expenses, to any employee or agent of the depositor or to any person serving at the request of the depositor as a director or officer, or in any other capacity, of any other Enterprise, to the fullest extent of the provisions with respect to the indemnification and advancement of expenses of directors and officers of the depositor.

------

Insofar as indemnification for liability arising under the Securities Act of 1933 (the "Act") may be permitted to directors, officers and controlling persons of the depositor or the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

**Item 31. Principal Underwriter** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) RiverSource Distributors Inc. acts as principal underwriter for:

RiverSource Variable Annuity Account 1 <br>RiverSource Variable Annuity Account <br>RiverSource Account F <br>RiverSource Variable Annuity Fund A <br>RiverSource Variable Annuity Fund B <br>RiverSource Variable Account 10 <br>RiverSource Account SBS <br>RiverSource MVA Account <br>RiverSource Account MGA <br>RiverSource Account for Smith Barney <br>RiverSource Variable Life Separate Account <br>RiverSource Variable Life Account <br>RiverSource of New York Variable Annuity Account 1 <br>RiverSource of New York Variable Annuity Account 2 <br>RiverSource of New York Account 4 <br>RiverSource of New York Account 7 <br>RiverSource of New York Account 8

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As to each director, officer or partner of the principal underwriter:

---

| | |
|:---|:---|
| **Name and Principal**<br> **Business Address\***<br>| **Positions and Offices**<br> **with Underwriter**<br>|
| Kara D. Sherman | Director |
| Janz, Sara S. | Director |
| Gumer C. Alvero | Chairman of the Board and Chief Executive Officer  |
| Shweta Jhanji | Senior Vice President and Treasurer |
| Paula J. Minella | Secretary |
| Jason S. Bartylla | Chief Financial Officer |

---

\*

The business address is 70100 Ameriprise Financial Center, Minneapolis, MN 55474.

(c) RiverSource Distributors Inc., the principal underwriter during Registrant's last fiscal year, was paid the following commissions:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **NAME OF PRINCIPAL**<br> **UNDERWRITER**<br>| **NET**<br> **UNDERWRITING**<br> **DISCOUNTS AND**<br> **COMMISSIONS**<br>| **COMPENSATION ON**<br> **REDEMPTION**<br>| &nbsp;&nbsp; **BROKERAGE**<br> **COMMISSIONS**<br>| **COMPENSATION** |
| RiverSource Distributors, Inc. | &nbsp;&nbsp; $439655537<br>|  |  |  |

---

**Item 31A. Information about Contracts with Indexed-Linked Options and Fixed Options Subject to a Contract Adjustment**

(a) ---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Name of the Contract**  | **Number of Contracts Outstanding** | **Total Value**<br> **Attributable**<br> **to the Index**<br> **and/or Fixed**<br> **Option**<br> **Subject to an**<br> **Adjustment**<br>| &nbsp;&nbsp; **Number of**<br> **Contracts**<br> **Sold During**<br> **the Prior**<br> **Calendar**<br> **Year**<br>| &nbsp;&nbsp; **Gross**<br> **Premiums**<br> **Received**<br> **During the**<br> **Prior**<br> **Calendar**<br> **Year**<br>| &nbsp;&nbsp; **Amount of**<br> **Contract**<br> **Value**<br> **Redeemed**<br> **During the**<br> **Prior Calendar**<br> **Year**<br>| &nbsp;&nbsp; **Combination**<br> **Contract**<br> **(Yes/No)**<br>|
| &nbsp;&nbsp;&nbsp; RiverSource Guarantee <br> Period Account<br>| &nbsp;&nbsp; 815 | 24260654 | 0 | 115666 | 970832 | Yes |

---

------

**Item 32. Location of Accounts and Records**

Not applicable

**Item 33. Management Services**

Not applicable.

**Item 34. Fee Representation**

The RiverSource Life Insurance Company (the Company) hereby represents that the fees and charges deducted under the Contracts, in the aggregate, are reasonable in relation to the services rendered, the expenses to be incurred, and the risks assumed by the Company.

The Company hereby represents that it is relying on the November 28, 1988 no-action letter (Ref. No. IP-6-88) relating to variable annuity contracts offered as funding vehicles for retirement plans meeting the requirements of Section 403(b) of the Internal Revenue Code. Registrant further represents that it will comply with the provisions of paragraphs (1)-(4) of that letter.

------

SIGNATURES

As required by the Securities Act of 1933 and the Investment Company Act of 1940, RiverSource Life Insurance Company, on behalf of the Registrant, certifies that it meets all of the requirements of Securities Act Rule 485(b) for effectiveness of this Amendment to its Registration Statement and has caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Minneapolis, and State of Minnesota, on September 19, 2025.

---

| | |
|:---|:---|
| RiverSource Variable Account 10 | RiverSource Variable Account 10 |
| &nbsp;&nbsp;&nbsp; (Registrant) | &nbsp;&nbsp;&nbsp; (Registrant) |
| By: | /s/ Gumer C. Alvero |
|  | &nbsp;&nbsp; Gumer C. Alvero<br> Chairman of the Board and President<br>|

---

As required by the Securities Act of 1933, this Amended Registration Statement has been signed by the Depositor on September 19, 2025.

---

| | |
|:---|:---|
| RiverSource Life Insurance Company | RiverSource Life Insurance Company |
| &nbsp;&nbsp;&nbsp; (Depositor) | &nbsp;&nbsp;&nbsp; (Depositor) |
| By: | /s/ Gumer C. Alvero |
|  | &nbsp;&nbsp; Gumer C. Alvero<br> Chairman of the Board and President<br>|

---

As required by the Securities Act of 1933, Amendment to this Registration Statement has been signed by the following persons in the capacities indicated on September 19, 2025.

---

| | |
|:---|:---|
| Signature | Title |
| /s/ Gumer C. Alvero | &nbsp;&nbsp;&nbsp;&nbsp; Chairman of the Board and President<br> (Chief Executive Officer) |
| Gumer C. Alvero | &nbsp;&nbsp;&nbsp;&nbsp; Chairman of the Board and President<br> (Chief Executive Officer) |
| /s/ Michael J. Pelzel | Senior Vice President – Corporate Tax |
| Michael J. Pelzel | Senior Vice President – Corporate Tax |
| /s/ Kevin L Kehn | Director, Senior Vice President and Chief Actuary |
| Kevin L Kehn | Director, Senior Vice President and Chief Actuary |
| /s/ Shweta Jhanji | Senior Vice President and Treasurer |
| Shweta Jhanji | Senior Vice President and Treasurer |
| /s/ Brian E. Hartert | &nbsp;&nbsp;&nbsp;&nbsp; Director, Chief Financial Officer<br> (Chief Financial Officer) |
| Brian E. Hartert | &nbsp;&nbsp;&nbsp;&nbsp; Director, Chief Financial Officer<br> (Chief Financial Officer) |
| /s/ Gene R. Tannuzzo | Director |
| Gene R. Tannuzzo | Director |
| /s/ Gregg L. Ewing | &nbsp;&nbsp;&nbsp;&nbsp; Vice President and Controller<br> (Principal Accounting Officer) |
| Gregg L. Ewing | &nbsp;&nbsp;&nbsp;&nbsp; Vice President and Controller<br> (Principal Accounting Officer) |
| /s/ Stephen R. Wolfrath | &nbsp;&nbsp;&nbsp;&nbsp; Director, Senior Vice President-Insurance and Annuities Product <br> Development and Management |
| Stephen R. Wolfrath | &nbsp;&nbsp;&nbsp;&nbsp; Director, Senior Vice President-Insurance and Annuities Product <br> Development and Management |
| /s/ Kara D Sherman | &nbsp;&nbsp;&nbsp;&nbsp; Director, Senior Vice President – National Sales Manager - <br> Insurance |
| Kara D Sherman | &nbsp;&nbsp;&nbsp;&nbsp; Director, Senior Vice President – National Sales Manager - <br> Insurance |

---

Signed pursuant to Power of Attorney to sign Amendment to this Registration Statement, dated Sept. 08, 2025, is filed electronically herewith.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| /s/ Nicole D. Wood |
| Nicole D. Wood<br> Assistant General Counsel and Assistant Secretary<br>|

---

------

Contents of Post-Effective Amendment No. 88

This Registration Statement is comprised of the following papers and documents:

The Cover Page.

PART A.

The prospectus for:

RiverSource Retirement Advisor Variable Annuity <br> RiverSource Retirement Advisor Advantage Variable Annuity <br>RiverSource Retirement Advisor Select Variable Annuity <br> RiverSource Retirement Advisor Advantage Plus Variable Annuity <br> RiverSource Retirement Advisor Select Plus Variable Annuity <br> RiverSource Retirement Advisor 4 Advantage Variable Annuity <br> RiverSource Retirement Advisor 4 Select Variable Annuity <br> RiverSource Retirement Advisor 4 Access Variable Annuity <br> RiverSource RAVA 5 Advantage Variable Annuity <br> (Offered for contract applications signed prior to April 30, 2012) <br>RiverSource RAVA 5 Select Variable Annuity <br> (Offered for contract applications signed prior to April 30, 2012) <br> RiverSource RAVA 5 Access Variable Annuity <br> (Offered for contract applications signed prior to April 30, 2012)

PART B.

The combined Statement of Additional Information and Financial Statements for RiverSource Variable Account 10 dated September 22, 2025 filed electronically as Part B to Post-Effective Amendment No. 25 to Registration Statement No. 333-230376, is incorporated by reference.

Part C.

Other Information.

The signatures.

Exhibits.

------

Exhibit Index

&nbsp;&nbsp;&nbsp;&nbsp;(k) Opinion of counsel and consent to its use as to the legality of the securities being registered

&nbsp;&nbsp;&nbsp;&nbsp;(l) Consents of Independent Registered Public Accounting
Firm

&nbsp;&nbsp;&nbsp;&nbsp;(p) Power of Attorney

------

## Ex-99.K

September 19, 2025

RiverSource Life Insurance Company <br>70100 Ameriprise Financial Center <br>Minneapolis, MN 55474

Re:

RiverSource Life Insurance Company <br> on behalf of RiverSource Variable Account 10 <br> Post-Effective Amendment No. 88 on Form N-4 <br> File numbers 333-79311/811-07355 <br>Post-Effective Amendment No. 1 on Form N-4 <br>File No. 333-290380 <br>RiverSource Retirement Advisor Advantage Plus Variable Annuity <br> RiverSource Retirement Advisor Select Plus Variable Annuity <br> RiverSource Retirement Advisor 4 Advantage Variable Annuity <br> RiverSource Retirement Advisor 4 Select Variable Annuity <br> RiverSource Retirement Advisor 4 Access Variable Annuity <br> RiverSource RAVA 5 Advantage Variable Annuity <br> (offered for contract applications signed prior to April 30, 2012) <br> RiverSource RAVA 5 Select Variable Annuity <br> (offered for contract applications signed prior to April 30, 2012) <br> RiverSource RAVA 5 Access Variable Annuity <br> (offered for contract applications signed prior to April 30, 2012)

Ladies and Gentlemen:

I am familiar with the establishment of theRiverSource Variable Account 10 ("Account"), which is a separate account of RiverSource Life Insurance Company ("Company") established by the Company's Board of Directors according to applicable insurance law. I also am familiar with the above-referenced Registration Statement filed by the Company on behalf of the Account with the Securities and Exchange Commission.

I have made such examination of law and examined such documents and records as in my judgment are necessary and appropriate to enable me to give the following opinion:

1. The Company is duly incorporated, validly existing and in good standing under applicable state law and is duly licensed or qualified to do business in each jurisdiction where it transacts business. The Company has all corporate powers required to carry on its business and to issue the contracts.

2. The Account is a validly created and existing separate account of the Company and is duly authorized to issue the securities registered.

3. The contracts issued by the Company, when offered and sold in accordance with the prospectuses contained in the Registration Statement and in compliance with applicable law, will be legally issued and represent binding obligations of its Company in accordance with their terms.

In addition, I am familiar with the above-referenced Registration Statement on Form N-4 filed by RiverSource Life Insurance Company ("Company") with the Securities and Exchange Commission in connection with the Annuity Contract and Market Value Adjustment Interests therein offered in connection with the above-referenced annuity contract.

I have made such examination of law and examined such documents and records as in my judgment are necessary and appropriate to enable me to give the following opinion:

1. The Company is duly incorporated, validly existing and in good standing under applicable state law and is duly licensed or qualified to do business in each jurisdiction where it transacts business. The Company has all corporate powers required to carry on its business and to issue the Annuity Contract and Market Value Adjustment Interests therein.

2. The Annuity Contract and Market Value Adjustment Interests therein issued by the Company, when offered and sold in accordance with the prospectus contained in the Registration Statement and in compliance with applicable law, will be legally issued and represent binding obligations of the Company in accordance with their terms.

I hereby consent to the filing of this opinion as an exhibit to the Registration Statement.

Sincerely,

---

| |
|:---|
| /s/ Nicole D. Wood |
| Nicole D. Wood<br> Assistant General Counsel and Assistant Secretary<br>|

---

------

## Ex-99.L

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Post-Effective Amendment No. 88 to the Registration Statement on Form N-4 (No. 333-79311) (the "Registration Statement") for RiverSource Retirement Advisor 4 Access<sup>®</sup> Variable Annuity, RiverSource Retirement Advisor 4 Advantage<sup>®</sup> Variable Annuity and RiverSource Retirement Advisor 4 Select<sup>®</sup> Variable Annuity and Post-Effective Amendment No. 1 to the Registration Statement on Form N-4 (No. 333-290380) (the "Registration Statement") of our report dated February 20, 2025 relating to the consolidated financial statements of RiverSource Life Insurance Company and consent to the incorporation by reference in the Registration Statement of our report dated April 24, 2025 relating to the financial statements of each of the divisions of RiverSource Variable Account 10 indicated in our report, which appear in Post-Effective Amendment No. 25 to the Registration Statement on Form N-4 (No. 333-230376). We also consent to the reference to us under the heading "Independent Registered Public Accounting Firm" in such registration statement.

/s/ PricewaterhouseCoopers LLP

Minneapolis, Minnesota

September 19, 2025

------

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Post-Effective Amendment No. 88 to the Registration Statement on Form N-4 (No. 333-79311) (the "Registration Statement") for RiverSource<sup>®</sup> RAVA 5 Advantage<sup>®</sup> Variable Annuity (Offered for contract applications signed prior to April 30, 2012), RAVA 5 Select<sup>®</sup> Variable Annuity (Offered for contract applications signed prior to April 30, 2012) and RAVA 5 Access<sup>®</sup> Variable Annuity (Offered for contract applications signed prior to April 30, 2012) and Post-Effective Amendment No. 1 to the Registration Statement on Form N-4 (No. 333-290380) (the "Registration Statement") of our report dated February 20, 2025 relating to the consolidated financial statements of RiverSource Life Insurance Company and consent to the incorporation by reference in the Registration Statement of our report dated April 24, 2025 relating to the financial statements of each of the divisions of RiverSource Variable Account 10 indicated in our report, which appear in Post-Effective Amendment No. 25 to the Registration Statement on Form N-4 (No. 333-230376). We also consent to the reference to us under the heading "Independent Registered Public Accounting Firm" in such registration statement.

/s/ PricewaterhouseCoopers LLP

Minneapolis, Minnesota

September 19, 2025

------

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Post-Effective Amendment No. 88 to the Registration Statement on Form N-4 (No. 333-79311) (the "Registration Statement") for RiverSource<sup>®</sup> Retirement Advisor Select Plus Variable Annuity and RiverSource<sup>®</sup> Retirement Advisor Advantage Plus Variable Annuity and Post-Effective Amendment No. 1 to the Registration Statement on Form N-4 (No. 333-290380) (the "Registration Statement") of our report dated February 20, 2025 relating to the consolidated financial statements of RiverSource Life Insurance Company and consent to the incorporation by reference in the Registration Statement of our report dated April 24, 2025 relating to the financial statements of each of the divisions of RiverSource Variable Account 10 indicated in our report, which appear in Post-Effective Amendment No. 25 to the Registration Statement on Form N-4 (No. 333-230376). We also consent to the reference to us under the heading "Independent Registered Public Accounting Firm" in such registration statement.

/s/ PricewaterhouseCoopers LLP

Minneapolis, Minnesota

September 19, 2025

------

## Ex-99.P

**<u>POWER OF ATTORNEY</u>**

**<u>RIVERSOURCE LIFE INSURANCE COMPANY</u>**

---

| | |
|:---|:---|
| Gumer C. Alvero | Shweta Jhanji |
| Michael J. Pelzel | Brian E. Hartert |
| Kevin L. Kehn | Gregg L. Ewing |
| Gene R. Tannuzzo | Stephen R. Wolfrath |
|  | Kara D. Sherman |

---

Do hereby jointly and severally authorize Nicole D. Wood and Paula J. Minella to sign as their attorneys-in-fact and agents any and all documents (i.e., Registration Statement, pre-effective amendment, post-effective amendment and any application for exemptive relief) on behalf of the registrants reflected in the attached list that have been filed with the Securities and Exchange Commission by RiverSource Life Insurance Company pursuant to the Securities Act of 1933 and/or the Investment Company Act of 1940, as amended, by means of the Security and Exchange Commission's electronic disclosure system known as EDGAR or otherwise; and to file the same, with any amendments thereto and all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, and do hereby ratify such signatures heretofore made by such persons.

It is expressly understood by the undersigned that all to whom this Power of Attorney is presented are hereby authorized to accept a copy, photocopy or facsimile of this authorization with the same validity as the original.

This Power of Attorney may be executed in any number of counterpart copies, each of which shall be deemed an original and all of which, together, shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned have executed this Power of Attorney for the purpose herein set forth.

Dated: Sept. 8, 2025

---

| | |
|:---|:---|
| /s/ Gumer C. Alvero | /s/ Shweta Jhanji |
| Gumer C. Alvero | Shweta Jhanji |
| Chairman of the Board and President | Senior Vice President and Treasurer |
| /s/ Michael J. Pelzel | /s/ Brian E. Hartert |
| Michael J. Pelzel | Brian E. Hartert |
| Senior Vice President – Corporate Tax | Director, Chief Financial Officer |
| /s/ Kevin L. Kehn | /s/ Gregg L. Ewing |
| Kevin L. Kehn | Gregg L. Ewing |
| Director, Senior Vice President and Chief Actuary | Vice President and Controller |
| /s/ Gene R. Tannuzzo | /s/ Stephen R. Wolfrath |
| Gene R. Tannuzzo | Stephen R. Wolfrath |
| Director | Director, Senior Vice President-Insurance and |
|  | Annuities Product Development & Management |
| /s/ Kara D. Sherman |  |
| Kara D. Sherman |  |
| Director, Senior Vice President – Insurance & Annuities Product Development & Management |  |

---

------

**RIVERSOURCE LIFE INSURANCE COMPANY REGISTERED VARIABLE ANNUITY/LIFE INSURANCE PRODUCTS** 

---

| | | |
|:---|:---|:---|
|  | **1933 Act No.** | **1940 Act No.** |
| **Registration Statements filed on Form N-4** |  |  |
| **RiverSource Variable Annuity Account 1** |  | **811-07247** |
| **Privileged Assets Select Annuity** | **333-139768** |  |
| **RiverSource Variable Annuity Account** |  | **811-7195** |
| **RiverSource Personal Portfolio Plus 2/RiverSource Personal Portfolio Plus/RiverSource Personal Portfolio** | **333-139757** |  |
| **RiverSource Preferred Variable Annuity** | **333-139758** |  |
| **Evergreen Essential Variable Annuity** | **333-139763** |  |
| **Evergreen New Solutions Variable Annuity** | **333-139763** |  |
| **Evergreen New Solutions Select Variable Annuity** | **333-139759** |  |
| **Evergreen Pathways Variable Annuity** | **333-139759** |  |
| **Evergreen Pathways Select Variable Annuity** | **333-139759** |  |
| **Evergreen Privilege Variable Annuity** | **333-139759** |  |
| **RiverSource AccessChoice Select Variable Annuity** | **333-139759** |  |
| **RiverSource Endeavor Select Variable Annuity** | **333-139763** |  |
| **RiverSource FlexChoice Variable Annuity** | **333-139759** |  |
| **RiverSource FlexChoice Select Variable Annuity** | **333-139759** |  |
| **RiverSource Galaxy Premier Variable Annuity** | **333-139761** |  |
| **RiverSource Innovations Variable Annuity** | **333-139763** |  |
| **RiverSource Innovations Classic Variable Annuity** | **333-139763** |  |
| **RiverSource Innovations Classic Select Variable Annuity** | **333-139763** |  |
| **RiverSource Innovations Select Variable Annuity** | **333-139763** |  |
| **RiverSource New Solutions Variable Annuity** | **333-139763** |  |

---

------

---

| | | |
|:---|:---|:---|
|  | **1933 Act No.** | **1940 Act No.** |
| **RiverSource Pinnacle Variable Annuity** | **333-139761** |  |
| **RiverSource Platinum Variable Annuity** | **333-139760** |  |
| **RiverSource Signature Variable Annuity** | **333-139762** |  |
| **RiverSource Signature One Variable Annuity** | **333-139762** |  |
| **RiverSource Signature One Select Variable Annuity** | **333-139762** |  |
| **RiverSource Signature Select Variable Annuity** | **333-139760** |  |
| **Wells Fargo Advantage Variable Annuity** | **333-139762** |  |
| **Wells Fargo Advantage Builder Variable Annuity** | **333-139762** |  |
| **RiverSource Builder Select Variable Annuity** | **333-139762** |  |
| **Wells Fargo Advantage Choice Select Variable Annuity** | **333-139759** |  |
| **Wells Fargo Advantage Choice Variable Annuity** | **333-139759** |  |
| **Wells Fargo Advantage Select Variable Annuity** | **333-139763** |  |
| **RiverSource Account F** |  | **811-3217** |
| **RiverSource Variable Retirement & Combination Retirement Annuities** | **2-73114** |  |
| **RiverSource Employee Benefit Annuity** | **33-52518** |  |
| **RiverSource Flexible Annuity** | **33-4173** |  |
| **RiverSource Group Variable Annuity Contract** | **33-47302** |  |
| **RiverSource Variable Annuity Fund A** |  | **811-1653** |
| **RiverSource Variable Annuity Fund A** | **2-29081** |  |
| **RiverSource Variable Annuity Fund B** |  | **811-1674** |
| **RiverSource Variable Annuity Fund B - Individual** | **2-29358** |  |
| **RiverSource Variable Annuity Fund B - Group** | **2-47430** |  |

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| | | |
|:---|:---|:---|
|  | **1933 Act No.** | **1940 Act No.** |
| **RiverSource Variable Account 10** |  | **811-07355** |
| **RiverSource Flexible Portfolio Annuity** | **33-62407** |  |
| **RiverSource Retirement Advisor Variable Annuity** | **333-79311** |  |
| **RiverSource Retirement Advisor Variable Annuity – Band 3** | **333-79311** |  |
| **RiverSource Retirement Advisor Advantage Variable Annuity/RiverSource Retirement Advisor Select Plus Variable Annuity** | **333-79311** |  |
| **RiverSource Retirement Advisor Advantage Variable Annuity – Band 3** | **333-79311** |  |
| **RiverSource Retirement Advisor Advantage Plus Variable Annuity/RiverSource Retirement Advisor Select Plus Variable Annuity** | **333-79311** |  |
| **RiverSource Retirement Advisor 4 Advantage Plus Variable Annuity/RiverSource Retirement Advisor 4 Select Plus Variable Annuity/RiverSource Retirement Advisor 4 Access Variable Annuity** | **333-79311** |  |
| **RiverSource RAVA 5 Advantage Variable Annuity/RAVA 5 Select Variable Annuity/RAVA 5 Access Variable Annuity (Offered for contract applications signed prior to 4/30/2012)** | **333-79311** |  |
| **RiverSource RAVA 5 Advantage Variable Annuity/RAVA 5 Select Variable Annuity/RAVA 5 Access Variable Annuity (Offered for contract applications signed on or after 4/30/2012 but prior to April 29, 2013)** | **333-179358** |  |
| **RiverSource RAVA 5 Advantage Variable Annuity/RAVA 5 Select Variable Annuity/RAVA 5 Access Variable Annuity (Offered for contract applications signed on or after 4/29/2013 but prior to May 1, 2017)** | **333-188218** |  |
| **RiverSource RAVA 5 Choice Variable Annuity** | **333-229360** |  |
| **RiverSource RAVA 5 Advantage Variable Annuity (Offered for contract applications signed on or after April 29, 2019)** | **333-230376** |  |
| **RiverSource RAVA 5 Access Variable Annuity (Offered for contract applications signed on or after June 22, 2020)** | **333-237302** |  |
| **RiverSource Retirement Group Variable Annuity Contract I** | **333-177380** |  |
| **RiverSource Retirement Group Variable Annuity Contract II** | **333-177381** |  |
| **RiverSource RAVA Apex Variable Annuity** | **333-262312** |  |

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| | | |
|:---|:---|:---|
|  | **1933 Act No.** | **1940 Act No.** |
| **RiverSource RAVA Vista Variable Annuity** | **333-262313** |  |
| **RiverSource Account SBS** |  | **811-06315** |
| **RiverSource Symphony Annuity** | **33-40779** |  |
| **Registration Statements initally filed on Form S-3** |  |  |
| **RiverSource Guaranteed Term Annuity/GPAs Offered Under Certain Variable Annuity Contracts** | **333-263038** |  |
| **GPAs Offered Under Certain Variable Annuity Contracts** | **333-263041** |  |
| **RiverSource Fixed Account Interests Offered Under the Group Variable Annuity Contract** | **333-263022** |  |
| **RiverSource Structured Solutions annuity** | **333-265678** |  |
| **RiverSource Structured Solutions 2 annuity** | **333-273966** |  |

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*Form S-3 registration statements was filed as necessary, for the Individual Limited Flexible Purchase Payments Deferred Index-Linked Annuity Contract including but not limited to any registration statements filed to continue the offering of, and/or register additional registration units offered by the registration statements identified above.* 

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| | | |
|:---|:---|:---|
|  | **1933 Act No.** | **1940 Act No.** |
| **Registration Statements filed on Form N-6** |  |  |
| **RiverSource Variable Life Separate Account** |  | **811-4298** |
| **RiverSource Single Premium Variable Life Insurance** | **333-83456** |  |
| **RiverSource Variable Universal Life IV/RiverSource Variable Universal Life IV – Estate Series** | **333-69777** |  |
| **RiverSource Variable Universal Life 5/RiverSource Variable Universal Life 5 – Estate Series** | **333-182361** |  |
| **RiverSource Variable Second-To-Die Life Insurance** | **33-62457** |  |
| **RiverSource Variable Universal Life Insurance** | **33-11165** |  |
| **RiverSource Variable Universal Life Insurance III** | **333-69777** |  |
| **RiverSource Succession Select Variable Life Insurance** | **33-62457** |  |
| **RiverSource Single Premium Variable Life Insurance Policy** | **2-97637** |  |
| **RiverSource Variable Universal Life 6 Insurance** | **333-227506** |  |
| **RiverSource Variable Universal Life 6 Insurance v3** | **333-227506** |  |
| **RiverSource Survivorship Variable Universal Life Insurance** | **333-260175** |  |
| **RiverSource Variable Life Account** |  | **811-09515** |
| **RiverSource Signature Variable Universal Life Insurance** | **333-139766** |  |
| **RiverSource Account for Smith Barney** |  | **811-4652** |
| **Salomon Smith Barney Life Vest Single Premium Variable Life Insurance Policy** | **33-5210** |  |

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