|
Pre-Effective Amendment No. |
[] |
|
Post-Effective Amendment No. 86 (File No.
333-79311) |
[X] |
|
Amendment No. 213 (File No. 811-07355) |
[X] |
[] |
immediately upon filing pursuant to paragraph (b) of Rule 485 |
[X] |
on May 1, 2024 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 |
[] |
This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
Issued by: |
RiverSource Life Insurance Company (RiverSource Life) |
|
70100 Ameriprise Financial Center
Minneapolis, MN 55474 Telephone: 1-800-862-7919 (Service Center) ameriprise.com/variableannuities RiverSource Variable Account 10 |
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FEES AND EXPENSES
|
Location in
Statutory
Prospectus | ||
Charges for Early
Withdrawals |
In addition to the withdrawal charge, we may reverse a purchase
payment credit upon certain withdrawals within 12 months of
when the purchase payment credit was applied. You may select
either a seven-year or ten-year surrender charge schedule at the
time of application. If you select a seven-year surrender charge
schedule and you withdraw money during the first seven years from
date of each purchase payment, you may be assessed a surrender
charge of up to 7% of the purchase payment withdrawn. If you
select a ten-year surrender charge schedule and you withdraw
money during the first ten years from date of each purchase
payment, you may be assessed a surrender charge of up to 8% of the
purchase payment withdrawn.
For example, if you select a seven-year surrender charge schedule and
make an early withdrawal, you could pay a surrender charge of up
to $7,000 on a $100,000 investment. If you select a ten-year
surrender charge schedule and make an early withdrawal, you could
pay a surrender charge of up to $8,000 on a $100,000
investment. |
Fee Table and
Examples
Charges–
Surrender Charge | ||
Transaction
Charges |
We do not assess any transaction charges. |
|
|
FEES AND EXPENSES
|
Location in
Statutory
Prospectus | ||
Ongoing Fees and
Expenses (annual
charges) |
The table below describes the current fees and expenses that you may pay
each year, depending on the options you choose. Please refer to
your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected. |
Fee Table and
Examples
Expenses –
Product Charges
Appendix A: Funds
Available Under
the Contract | ||
Annual Fee |
Minimum |
Maximum | ||
Base Contract(1) (varies by tax qualification) |
0.78% |
0.98% | ||
Fund options
(Funds fees and expenses)(2) |
0.38%
|
2.38%
| ||
Optional benefits available for an
additional charge
(for a single optional benefit, if
elected)(3) |
0.15% |
0.30% | ||
(1) As a percentage of average daily contract value in the variable account. Includes the
Mortality and Expense Fee and contract administrative charge.
(2) As a percentage of fund assets.
(3) As a percentage of Contract Value.
Because your Contract is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your Contract,
the following table shows the lowest and highest cost you could pay each
year, based on current charges. This estimate assumes that you do
not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. | ||||
Lowest Annual Cost:
$1,225
|
Highest Annual Cost:
$3,131
| |||
Assumes:
•Investment of $100,000 •5% annual appreciation
•Least expensive combination of Fund fees and expenses •No optional benefits
•No sales charge •No additional purchase payments,
transfers or withdrawals
•No purchase payment credits |
Assumes:
•Investment of $100,000 •5% annual appreciation
•Most expensive combination of contract features, optional
benefits and Fund fees and
expenses
•No sales charge •No additional purchase payments,
transfers or withdrawals
•No purchase payment credits | |||
|
RISKS |
| ||
Risk of Loss |
You can lose money by investing in this Contract including loss of principal. |
Principal Risks of
Investing in the
Contract | ||
Not a Short-Term
Investment |
•The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. •The Contract has surrender charges, which may reduce the value of your
Contract if you withdraw money during the surrender charge period. Surrenders may also reduce contract guarantees. •The benefits of tax deferral and long-term income mean the contract is
generally more beneficial to investors with a long term investment
horizon. |
Principal Risks of
Investing in the
Contract
Charges–
Surrender Charge |
|
RISKS |
Location in
Statutory
Prospectus | ||
Risks Associated
with Investment
Options |
•An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract. •Each investment option (including under the Fixed Account) has its own
unique risks.
•You should review the investment options before making any investment decisions. |
Principal Risks of
Investing in the
Contract
The Variable Account and the
Funds
The Fixed Account | ||
Insurance
Company Risks |
An investment in the Contract is subject to the risks related to us. Any
obligations (including under the Fixed Account) or guarantees and benefits
of the Contract that exceed the assets of the Separate Account are subject
to our claims-paying ability. If we experience financial distress, we may not
be able to meet our obligations to you. More information about
RiverSource Life, including our financial strength ratings, is
available by contacting us at 1-800-862-7919. |
Principal Risks of
Investing in the
Contract
The General
Account | ||
|
RESTRICTIONS |
| ||
Investments |
•Subject to certain restrictions, you may transfer your Contract value among the subaccounts without charge at any time before the settlement date, and once per contract year after the settlement date. •We reserve the right to modify, restrict or suspend your transfer
privileges if we determine that your transfer activity
constitutes market timing.
•We reserve the right to add, remove or substitute Funds. We also reserve the right, upon notification to you, to close or restrict any Funds. |
Making the Most
of Your Contract –
Transferring
Among Accounts
Substitution of
Investments | ||
Optional Benefits |
•Optional Death Benefit riders are available on this product. |
| ||
|
TAXES |
| ||
Tax Implications |
•Consult with a tax advisor to determine the tax implications of an investment in and payments and withdrawals received under this Contract. •If you purchase the Contract through a tax-qualified plan or
individual retirement account, you do not get any additional tax
benefit. •Earnings under your contract are taxed at ordinary income tax rates when withdrawn. You may have to pay a tax penalty if you take a withdrawal before age 59½. |
Taxes | ||
|
CONFLICTS OF INTEREST
|
| ||
Investment
Professional
Compensation |
Your investment professional may receive compensation for selling this
Contract to you, in the form of commissions, additional cash benefits (e.g., bonuses), and non-cash compensation. This financial incentive may influence your investment professional to recommend this Contract over another investment for which the investment professional is not compensated or compensated less. |
About the Service
Providers | ||
Exchanges |
If you already own an annuity or insurance Contract, some investment
professionals may have a financial incentive to offer you a new Contract in
place of the one you own. You should only exchange a Contract you already
own if you determine, after comparing the features, fees, and risks of both
Contracts, that it is better for you to purchase the new Contract rather than continue to own your existing Contract. |
Buying Your
Contract – Contract
Exchanges |
Surrender charges (as a percentage of purchase payments
surrendered) |
ten-year |
Seven-year |
Maximum |
8 % |
7 % |
Ten-year schedule* |
Seven-year schedule | ||
Number of completed years from date of each purchase payment** |
Surrender charge percentage |
Number of completed years from date of each purchase payment** |
Surrender charge percentage |
0 |
8 % |
0 |
7 % |
1 |
8 |
1 |
7 |
2 |
8 |
2 |
7 |
3 |
7 |
3 |
6 |
4 |
7 |
4 |
5 |
5 |
6 |
5 |
4 |
6 |
5 |
6 |
2 |
7 |
4 |
7 + |
0 |
8 |
3 |
|
|
9 |
2 |
|
|
10 + |
0 |
|
|
Annual contract administrative charge |
$30 |
Retirement Advisor Variable Annuity
for nonqualified annuities |
Current/Maximum: 0.95% |
Retirement Advisor Variable Annuity
for qualified annuities |
Current/Maximum:
0.75% |
MAV rider fee |
Current/Maximum: 0.15% |
EEB rider fee |
Current/Maximum: 0.30% |
PN rider fee* |
Current/Maximum:
0.00% |
Total Annual Fund Expenses |
Minimum(%) |
Maximum(%) |
(expenses deducted from the Fund assets, including management fees, distribution and/or service
(12b-1) fees and other expenses) |
0.38 |
2.38 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Nonqualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
With a ten-year surrender charge schedule |
$11,188 |
$18,295 |
$25,541 |
$40,762 |
$3,870 |
$11,743 |
$19,794 |
$40,732 |
With a seven-year surrender charge
schedule |
10,277 |
17,363 |
23,636 |
40,762 |
3,870 |
11,743 |
19,794 |
40,732 |
Qualified Annuity |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$11,001 |
$17,739 |
$24,634 |
$38,974 |
$3,666 |
$11,146 |
$18,827 |
$38,944 |
With a seven-year surrender charge
schedule |
10,088 |
16,802 |
22,708 |
38,974 |
3,666 |
11,146 |
18,827 |
38,944 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Nonqualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
With a ten-year surrender charge schedule |
$8,882 |
$11,270 |
$13,360 |
$16,124 |
$1,363 |
$4,240 |
$7,330 |
$16,094 |
With a seven-year surrender charge schedule |
7,946 |
10,270 |
11,360 |
16,124 |
1,363 |
4,240 |
7,330 |
16,094 |
Qualified Annuity |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$8,693 |
$10,640 |
$12,284 |
$13,834 |
$1,158 |
$3,610 |
$6,254 |
$13,804 |
With a seven-year surrender charge schedule |
7,755 |
9,640 |
10,284 |
13,834 |
1,158 |
3,610 |
6,254 |
13,804 |
Ten-year schedule |
Seven-year schedule* | ||
Number of completed years from date of each purchase payment** |
Surrender charge percentage |
Number of completed years from date of each purchase payment** |
Surrender charge percentage |
0 |
8 % |
0 |
7 % |
1 |
8 |
1 |
7 |
2 |
8 |
2 |
7 |
3 |
7 |
3 |
6 |
4 |
7 |
4 |
5 |
5 |
6 |
5 |
4 |
6 |
5 |
6 |
2 |
7 |
4 |
7 + |
0 |
8 |
3 |
|
|
9 |
2 |
|
|
10 + |
0 |
|
|
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 |
Surrender charge |
Explanation |
$0 |
$2,500 is contract earnings surrendered without charge; and |
0 |
$300 is 10% of the prior anniversary’s contract value that is in excess of contract earnings surrendered
without charge (from above). |
|
10% of $28,000 = $2,800 – $2,500 = $300 |
0 |
$10,000 purchase payment was received eight or more years before surrender and is surrendered without
surrender charge; and |
480 |
$8,000 purchase payment is surrendered with a 6% surrender charge since there have been 3 completed
years from date of purchase payment; and |
420 |
$6,000 purchase payment is surrendered with a 7% surrender charge since there has been 1 completed
year from date of purchase payment. |
$900 |
|
By investing an equal number of dollars each month |
|
Month |
Amount invested |
Accumulation unit value |
Number of units purchased |
|
|
Jan |
$100 |
$20 |
5.00 |
|
|
Feb |
100 |
18 |
5.56 |
you automatically buy
more units when the
per unit market price is low |
|
Mar |
100 |
17 |
5.88 |
→ |
Apr |
100 |
15 |
6.67 | |
|
|
May |
100 |
16 |
6.25 |
|
|
Jun |
100 |
18 |
5.56 |
|
|
Jul |
100 |
17 |
5.88 |
and fewer units
when the per unit
market price is high. |
|
Aug |
100 |
19 |
5.26 |
→ |
Sept |
100 |
21 |
4.76 | |
|
|
Oct |
100 |
20 |
5.00 |
Minimum amount |
|
Transfers or surrenders: |
$250 or entire account balance |
Maximum amount |
|
Transfers or surrenders: |
Contract value or entire account balance |
Minimum amount |
|
Transfers or surrenders: |
$50 |
Maximum amount |
|
Transfers or surrenders: |
None (except for automated transfers from the fixed account) |
Minimum amount |
|
Transfers or surrenders: |
$250 or entire account balance |
Maximum amount |
|
Transfers: |
Contract value or entire account balance |
Surrenders: |
$100,000 |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Standard Benefits (no additional charge) | ||||
Dollar Cost
Averaging |
Allows the systematic transfer
of a specified dollar amount
among the subaccounts or
from the regular fixed account
to one or more eligible
subaccounts |
N/A |
N/A |
•Not allowed if the PN program is in effect |
Asset
Rebalancing |
Allows you to have your
investments periodically
rebalanced among the
subaccounts to your
pre-selected percentages |
N/A |
N/A |
•You must have $2,000 in Contract Value to
participate.
•We require 30 days notice for you to change or cancel the program •You can request rebalancing
to be done either quarterly,
semiannually or annually
•Other restrictions may apply under the Portfolio Navigator Program |
Portfolio
Navigator (PN)
Program |
Your contract value is
allocated to the PN program
investment options |
N/A |
N/A |
•Does not guarantee that your contract will increase in value •No dollar cost averaging
allowed. |
Automated
Partial
Surrenders/
Systematic
Withdrawals |
Allows automated partial
surrenders from the contract |
N/A |
N/A |
•Additional systematic payments are not allowed with automated partial surrenders •May result in income taxes
and IRS penalty on all or a
portion of amounts
surrendered |
Nursing Home or
Hospital
Confinement |
Allows you to
withdraw contract
value without a
surrender charge |
N/A |
N/A |
•You must be under the
age 76 on the contract
issue date and the
confinement must start after
the contract issue date
•You must be confined to a hospital or nursing home for the prior 90 days •Amount withdrawn must be
paid directly to you
•Contract value is reduced by any purchase payment credits credited within 12 months of a withdrawal. |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Standard Death
Benefit
(available for
contract owners
age 80 and
younger on date
of death) |
Provides a minimum death
benefit equal to the greater of
(1) contract value, less any
purchase payment credits
subject to reversal, less any
applicable rider charges, or
(2) the contract value as of the
most recent sixth contract
anniversary, preceding the
date of death, plus any
purchase payments since that
anniversary, minus adjusted
partial surrenders since that
anniversary, or (3) purchase
payments minus adjusted
surrenders |
N/A |
N/A |
•Withdrawals will proportionately reduce the benefit, which means your benefit could be reduced by more than the dollar amount of your withdrawals, and such reductions could be significant •Annuitizing the Contract
terminates the benefit
•Contract value is reduced by any purchase payment credits credited within 12 months of a withdrawal under this provision and any applicable rider charges •When we calculate this
death benefit, we do not
consider purchase payment
credits as part of your
purchase payments |
Standard Death
Benefit
(available if any
contract owner
is age 81 and
older on date of
death) |
Provides a minimum death
benefit equal to 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 |
N/A |
N/A |
•Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals, and
such reductions could be
significant
•Annuitizing the Contract terminates the benefit •Contract value is reduced by
any purchase payment
credits credited within 12
months of a withdrawal
under this provision and any
applicable rider charges
•When we calculate this death benefit, we do not consider purchase payment credits as part of your purchase payments |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Optional Benefits | ||||
MAV Death
Benefit |
Increases the guaranteed
death benefit to the highest
anniversary contract value,
plus subsequent purchase
payments made to the
contract, adjusted for any
partial surrenders |
0.15% of
contract value
in the variable
account |
0.15% |
•Available to owners age 75 and younger •Must be elected at contract
issue
•No longer eligible to increase on any contract anniversary on/after your 81st birthday. •Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals. Such
reductions could be
significant.
•Annuitizing the Contract terminates the benefit •Contract value is reduced by
any purchase payment
credits credited within 12
months of a withdrawal
under this provision and any
applicable rider charges
•When we calculate this death benefit, we do not consider purchase payment credits as part of your purchase payments |
Enhanced
Earnings Death
Benefit (EEB) |
Provides an additional death
benefit, based on a
percentage of contract
earnings, to help offset
expenses after death such as
funeral expenses or federal
and state taxes |
0.30% of
contract value
in the variable
account |
0.30% |
•Available to owners age 75
and younger
•Must be elected at contract issue •Available with MAV
•For contract owners age 70 and older at the rider effective date, the benefit decreases from 40% to 15% of earnings •Annuitizing the Contract
terminates the benefit
•Contract value is reduced by any purchase payment credits credited within 12 months of a withdrawal under this provision and any applicable rider charges •When we calculate this
death benefit, we do not
consider purchase payment
credits as part of your
purchase payments |
Adjusted partial surrenders |
= |
PS x DB |
CV |
PS |
= |
the amount by which the contract value is reduced as a result of the partial surrender. |
DB |
= |
is 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. |
We calculate the death benefit as follows: |
|
| ||
|
The contract value on the most recent sixth contract anniversary: |
$30,000.00 |
| |
|
plus purchase payments made since that anniversary: |
+0.00 |
| |
|
minus adjusted partial surrenders taken since that anniversary calculated as: |
|
| |
|
$1,500 x $30,000 |
|
–1,607.14 |
|
|
$28,000 | |||
|
for a death benefit of: |
$28,392.86 |
|
We calculate the death benefit as follows: |
|
| ||
The maximum anniversary value immediately preceding the date of death plus any payments made since
that anniversary minus adjusted partial surrenders: |
|
| ||
|
Greatest of your contract anniversary contract values: |
$24,000 |
| |
|
plus purchase payments made since that anniversary: |
+0 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
| |
|
($1,500 × $24,000) |
= |
–1,636
|
|
|
$22,000 |
|
| |
|
for a death benefit of: |
$22,364 |
|
MAV death benefit amount (contract value): |
$110,000 |
plus the EEB which equals 40% of earnings at death (MAV death benefit amount minus payments not
previously surrendered): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value): |
$110,000 |
plus the EEB (40% of earnings at death): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |
| ||
$110,000 – |
($50,000 × $110,000) |
= |
$57,619 |
$105,000 |
| ||
plus the EEB (40% of earnings at death): |
| ||
0.40 × ($57,619 – $55,000) = |
+1,048 | ||
Total death benefit of: |
$58,667 |
MAV death benefit amount (contract value): |
$200,000 |
plus the EEB (40% of earnings at death) |
|
0.40 × 2.50 × ($55,000) = |
+55,000 |
Total death benefit of: |
$255,000 |
MAV death benefit amount (contract value): |
$250,000 |
plus the EEB (40% of earnings at death, up to a maximum of 100% of purchase payments not previously
surrendered that are one or more years old) |
|
0.40 × 2.50 × ($55,000) = |
+55,000 |
Total death benefit of: |
$305,000 |
MAV death benefit amount (contract value): |
$250,000 |
plus the EEB which equals 40% of earnings at death (the standard death benefit amount minus payments
not previously surrendered): |
|
0.40 × ($250,000 – $105,000) = |
+58,000 |
Total death benefit of: |
$308,000 |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to maximize total
return consistent with
AllianceBernstein's
determination of
reasonable risk. |
AB VPS Dynamic Asset Allocation Portfolio
(Class B)1 AllianceBernstein L.P. |
1.10%2 |
13.48% |
4.03% |
3.22% |
Seeks long-term growth
of capital. |
AB VPS International Value Portfolio
(Class B)
AllianceBernstein L.P. |
1.15% |
14.83% |
5.55% |
1.83% |
Seeks long-term growth
of capital. |
AB VPS Relative Value Portfolio (Class B)
AllianceBernstein L.P. |
0.86%2 |
11.72% |
11.57% |
9.05% |
Seeks long-term growth
of capital. |
AB VPS Sustainable Global Thematic
Portfolio (Class B)
AllianceBernstein L.P. |
1.17%2 |
15.70% |
13.27% |
9.33% |
Seeks long-term total
return, consisting of
capital appreciation and
current income. |
Allspring VT Index Asset Allocation Fund -
Class 2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
sub-adviser. |
1.00%2 |
16.70% |
9.49% |
8.24% |
Seeks long-term capital
appreciation. |
Allspring VT Small Cap Growth Fund -
Class 2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
sub-adviser. |
1.17% |
4.11% |
7.68% |
6.60% |
The Portfolio seeks
investment results that
correspond (before fees
and expenses) generally
to the price and yield
performance of its
underlying index, the
Alerian Midstream
Energy Select Index (the
"Index"). |
ALPS | Alerian Energy Infrastructure
Portfolio: Class III
ALPS Advisors, Inc. |
1.30%2 |
13.91% |
10.67% |
2.70% |
Seeks high total
investment return. |
BlackRock Global Allocation V.I. Fund
(Class III)
BlackRock Advisors, LLC, adviser; BlackRock
(Singapore) Limited and BlackRock
International Limited, sub-advisers. |
1.02%2 |
12.49% |
7.39% |
4.63% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to achieve a
competitive total return
through an actively
managed portfolio of
stocks, bonds and
money market
instruments which offer
income and capital
growth opportunity. |
Calvert VP SRI Balanced Portfolio - Class I
Calvert Research and Management |
0.65% |
16.82% |
10.27% |
7.46% |
Seeks maximum total
investment return
through a combination
of capital growth and
current income. |
Columbia Variable Portfolio - Balanced Fund
(Class 3)
Columbia Management Investment Advisers,
LLC |
0.89% |
21.23% |
10.83% |
7.94% |
Seeks to provide
shareholders with total
return. |
Columbia Variable Portfolio - Commodity
Strategy Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.01%2 |
(7.14%) |
9.08% |
(0.97%) |
Seeks total return,
consisting of long-term
capital appreciation and
current income. |
Columbia Variable Portfolio - Contrarian Core
Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
31.88% |
16.54% |
11.54% |
Seeks to provide
shareholders with
capital appreciation. |
Columbia Variable Portfolio - Disciplined
Core Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.81% |
24.21% |
13.69% |
11.02% |
Seeks to provide
shareholders with a high
level of current income
and, as a secondary
objective, steady growth
of capital. |
Columbia Variable Portfolio - Dividend
Opportunity Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.87%2 |
4.95% |
10.34% |
7.87% |
Non-diversified fund that
seeks to provide
shareholders with high
total return through
current income and,
secondarily, through
capital appreciation. |
Columbia Variable Portfolio - Emerging
Markets Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.00%2 |
10.02% |
1.57% |
2.20% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Emerging
Markets Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
1.22%2 |
9.31% |
3.54% |
2.51% |
Seeks to provide
shareholders with high
total return through
income and growth of
capital. |
Columbia Variable Portfolio - Global Strategic
Income Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.72%2 |
9.81% |
2.18% |
0.42% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with
maximum current
income consistent with
liquidity and stability of
principal. |
Columbia Variable Portfolio - Government
Money Market Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.49%2 |
4.61% |
1.56% |
0.95% |
Seeks to provide
shareholders with high
current income as its
primary objective and,
as its secondary
objective, capital
growth. |
Columbia Variable Portfolio - High Yield Bond
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.77%2 |
12.08% |
5.47% |
4.32% |
Seeks to provide
shareholders with a high
total return through
current income and
capital appreciation. |
Columbia Variable Portfolio - Income
Opportunities Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.77%2 |
11.51% |
5.15% |
4.12% |
Seeks to provide
shareholders with a high
level of current income
while attempting to
conserve the value of
the investment for the
longest period of time. |
Columbia Variable Portfolio - Intermediate
Bond Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.64% |
6.19% |
1.47% |
2.12% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Large Cap
Growth Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.85% |
42.95% |
18.14% |
13.51% |
Seeks to provide
shareholders with
long-term capital
appreciation. |
Columbia Variable Portfolio - Large Cap Index
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.38% |
25.82% |
15.23% |
11.56% |
Seeks to provide
shareholders with a
level of current income
consistent with
preservation of capital. |
Columbia Variable Portfolio - Limited
Duration Credit Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.66%2 |
6.66% |
2.36% |
1.65% |
Seeks total return,
consisting of current
income and capital
appreciation. |
Columbia Variable Portfolio - Long
Government/Credit Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.74%2 |
6.68% |
0.81% |
1.67% |
Seeks to provide
shareholders with
capital appreciation. |
Columbia Variable Portfolio - Overseas Core
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.92% |
15.47% |
8.09% |
3.51% |
Seeks to provide
shareholders with
long-term growth of
capital. |
Columbia Variable Portfolio - Select Large
Cap Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.83% |
5.23% |
11.99% |
8.99% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with
growth of capital. |
Columbia Variable Portfolio - Select Mid Cap
Growth Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
25.08% |
12.93% |
9.51% |
Seeks to provide
shareholders with
long-term growth of
capital. |
Columbia Variable Portfolio - Select Mid Cap
Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
10.18% |
13.20% |
8.29% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Select Small
Cap Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.98%2 |
12.97% |
10.05% |
6.32% |
Seeks to provide
shareholders with
current income as its
primary objective and,
as its secondary
objective, preservation
of capital. |
Columbia Variable Portfolio -
U.S. Government Mortgage Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.59% |
5.55% |
0.04% |
1.45% |
The portfolio is
designed to achieve
positive total return
relative to the
performance of the
Bloomberg Commodity
Index Total Return
("BCOM Index"). |
Credit Suisse Trust - Commodity Return
Strategy Portfolio, Class 1
Credit Suisse Asset Management, LLC |
1.05% |
(9.11%) |
7.23% |
(1.21%) |
Non-diversified fund that
seeks to provide
shareholders with total
return that exceeds the
rate of inflation over the
long term. |
CTIVP® - BlackRock Global Inflation-Protected
Securities Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; BlackRock Financial
Management, Inc., subadviser; BlackRock
International Limited, sub-subadviser. |
0.75%2 |
3.95% |
1.04% |
2.23% |
Seeks to provide
shareholders with
long-term capital growth. |
CTIVP® - Principal Blue Chip Growth Fund
(Class 1)
Columbia Management Investment Advisers,
LLC, adviser; Principal Global Investors, LLC,
subadviser. |
0.70% |
39.54% |
15.67% |
13.48% |
Seeks to provide
shareholders with
long-term growth of
capital. |
CTIVP® - Victory Sycamore Established Value
Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; Victory Capital Management
Inc., subadviser. |
0.95% |
9.81% |
14.18% |
10.58% |
Seeks capital
appreciation. |
DWS Alternative Asset Allocation VIP,
Class B3 DWS Investment Management Americas Inc., adviser; RREEF America L.L.C., subadvisor. |
1.21% |
5.67% |
5.70% |
2.63% |
Seeks high level of
current income. |
Eaton Vance VT Floating-Rate Income Fund -
Initial Class
Eaton Vance Management |
1.17% |
11.21% |
4.13% |
3.22% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks long-term capital
appreciation. |
Fidelity® VIP Contrafund® Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.81% |
33.12% |
16.36% |
11.33% |
Seeks high total return
through a combination
of current income and
capital appreciation. |
Fidelity® VIP Growth & Income Portfolio
Service Class
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.59% |
18.62% |
14.68% |
10.16% |
Seeks long-term growth
of capital. |
Fidelity® VIP Mid Cap Portfolio Service Class
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.67% |
15.00% |
12.34% |
8.02% |
Seeks long-term growth
of capital. |
Fidelity® VIP Overseas Portfolio Service
Class
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, FIL Investment Advisers, FIL
Investment Advisers (UK) Limited and FIL
Investments (Japan) Limited,
subadvisers. |
0.83% |
20.41% |
9.87% |
4.80% |
Seeks a high level of
current income and may
also seek capital
appreciation. |
Fidelity® VIP Strategic Income Portfolio
Service Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, FIL Investment Advisers, FIL
Investment Advisers (UK) Limited and FIL
Investments (Japan) Limited,
subadvisers. |
0.90% |
9.18% |
3.47% |
3.10% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks high total return.
Under normal market
conditions, the fund
invests at least 80% of
its net assets in
investments of
companies located
anywhere in the world
that operate in the real
estate sector. |
Franklin Global Real Estate VIP Fund -
Class 2
Franklin Templeton Institutional, LLC |
1.25%2 |
11.43% |
3.88% |
3.78% |
Seeks to maximize
income while
maintaining prospects
for capital appreciation.
Under normal market
conditions, the fund
invests in a diversified
portfolio of equity and
debt securities. |
Franklin Income VIP Fund - Class 2
Franklin Advisers, Inc. |
0.71%2 |
8.62% |
6.98% |
5.01% |
Seeks long-term total
return. Under normal
market conditions, the
fund invests at least
80% of its net assets in
investments of small
capitalization
companies. |
Franklin Small Cap Value VIP Fund - Class 2
Franklin Mutual Advisers, LLC |
0.91%2 |
12.75% |
11.06% |
7.04% |
Seeks long-term capital
appreciation. |
Goldman Sachs VIT Mid Cap Value Fund -
Institutional Shares
Goldman Sachs Asset Management, L.P. |
0.84%2 |
11.42% |
13.36% |
8.10% |
Seeks long-term growth
of capital. |
Goldman Sachs VIT Multi-Strategy
Alternatives Portfolio - Advisor Shares3 Goldman Sachs Asset Management, L.P. |
1.36%2 |
7.53% |
4.00% |
- |
Seeks long-term growth
of capital. |
Goldman Sachs VIT Small Cap Equity
Insights Fund - Institutional Shares
Goldman Sachs Asset Management, L.P. |
0.82%2 |
19.28% |
10.04% |
7.80% |
Seeks long-term growth
of capital and dividend
income. |
Goldman Sachs VIT U.S. Equity Insights
Fund - Institutional Shares
Goldman Sachs Asset Management, L.P. |
0.56%2 |
23.81% |
13.60% |
10.97% |
Non-diversified fund that
seeks capital growth. |
Invesco V.I. American Franchise Fund,
Series I Shares
Invesco Advisers, Inc. |
0.86% |
40.93% |
16.16% |
11.70% |
Seeks total return with a
low to moderate
correlation to traditional
financial market indices. |
Invesco V.I. Balanced-Risk Allocation Fund,
Series II Shares1 Invesco Advisers, Inc. |
1.13%2 |
6.40% |
4.66% |
3.79% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks capital growth
and income through
investments in equity
securities, including
common stocks,
preferred stocks and
securities convertible
into common and
preferred stocks. |
Invesco V.I. Comstock Fund, Series II Shares
Invesco Advisers, Inc. |
1.00% |
12.10% |
13.20% |
8.65% |
Seeks capital
appreciation. |
Invesco V.I. Discovery Mid Cap Growth Fund,
Series I Shares
Invesco Advisers, Inc. |
0.87% |
13.15% |
12.77% |
9.79% |
Seeks long-term growth
of capital. |
Invesco V.I. EQV International Equity Fund,
Series II Shares
Invesco Advisers, Inc. |
1.15% |
17.86% |
8.15% |
4.07% |
Seeks capital
appreciation. |
Invesco V.I. Global Fund, Series II Shares
Invesco Advisers, Inc. |
1.07% |
34.45% |
12.02% |
8.21% |
Seeks total return |
Invesco V.I. Global Strategic Income Fund,
Series II Shares
Invesco Advisers, Inc. |
1.17%2 |
8.60% |
1.04% |
1.25% |
Seeks long-term growth
of capital. |
Invesco V.I. Health Care Fund, Series II
Shares
Invesco Advisers, Inc. |
1.23% |
2.77% |
8.49% |
6.60% |
Seeks capital
appreciation. |
Invesco V.I. Main Street Small Cap Fund®,
Series II Shares
Invesco Advisers, Inc. |
1.13% |
17.82% |
12.79% |
8.66% |
Seeks long-term capital
growth, consistent with
preservation of capital
and balanced by current
income. |
Janus Henderson Balanced Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.87% |
15.13% |
9.37% |
7.73% |
Seeks long-term growth
of capital. |
Janus Henderson Enterprise Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.97% |
17.78% |
13.14% |
11.82% |
Seeks to obtain
maximum total return,
consistent with
preservation of capital. |
Janus Henderson Flexible Bond Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.82%2 |
5.29% |
1.55% |
1.66% |
Seeks long-term growth
of capital. |
Janus Henderson Global Technology and
Innovation Portfolio: Service Shares
Janus Henderson Investors US LLC |
0.97% |
54.27% |
20.05% |
16.86% |
Seeks long-term growth
of capital. |
Janus Henderson Overseas Portfolio:
Service Shares
Janus Henderson Investors US LLC |
1.14% |
10.58% |
10.92% |
3.38% |
Seeks long-term growth
of capital. |
Janus Henderson Research Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.82% |
42.81% |
16.54% |
12.21% |
Seeks total return. |
Lazard Retirement Global Dynamic
Multi-Asset Portfolio - Service Shares1 Lazard Asset Management, LLC |
1.05%2 |
10.81% |
4.00% |
3.77% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks capital growth. |
LVIP American Century International Fund,
Standard Class II
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
0.95%2 |
12.57% |
8.29% |
4.07% |
Seeks long-term capital
growth. Income is a
secondary objective. |
LVIP American Century Mid Cap Value Fund,
Service Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
1.01%2 |
6.03% |
10.90% |
8.61% |
Seeks capital growth. |
LVIP American Century Ultra® Fund, Service
Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
0.90%2 |
43.27% |
19.07% |
14.47% |
Seeks long-term capital
growth. Income is a
secondary objective. |
LVIP American Century Value Fund, Standard
Class II
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
0.71%2 |
9.10% |
11.87% |
8.53% |
Seeks to provide total
return. |
Macquarie VIP Asset Strategy Series,
Service Class (previously Delaware Ivy VIP -
Asset Strategy, Class II)
Ivy Investment Management Company |
0.85%2 |
13.90% |
8.27% |
3.48% |
Seeks capital
appreciation. |
MFS® Massachusetts Investors Growth
Stock Portfolio - Service Class
Massachusetts Financial Services Company |
0.98%2 |
23.70% |
16.39% |
12.44% |
Seeks capital
appreciation. |
MFS® New Discovery Series - Service
Class Massachusetts Financial Services
Company |
1.12%2 |
14.25% |
10.81% |
7.41% |
Seeks total return. |
MFS® Utilities Series - Service Class
Massachusetts Financial Services Company |
1.04%2 |
(2.33%) |
8.05% |
6.13% |
The Fund seeks
long-term capital growth
by investing primarily in
common stocks and
other equity securities. |
Morgan Stanley VIF Discovery Portfolio,
Class II Shares
Morgan Stanley Investment Management
Inc. |
1.05%2 |
44.13% |
10.83% |
8.38% |
The Fund seeks to
provide current income
and capital
appreciation. |
Morgan Stanley VIF Global Real Estate
Portfolio, Class II Shares
Morgan Stanley Investment Management
Inc., adviser; Morgan Stanley Investment
Management Limited and Morgan Stanley
Investment Management Company,
subadvisers. |
1.10%2 |
10.47% |
0.30% |
1.69% |
Seeks maximum real
return, consistent with
preservation of real
capital and prudent
investment
management. |
PIMCO VIT All Asset Portfolio, Advisor Class3 Pacific Investment Management Company LLC (PIMCO) |
2.29%2 |
8.02% |
5.90% |
3.93% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks total return which
exceeds that of a blend
of 60% MSCI World
Index/40% Barclays
U.S. Aggregate Index. |
PIMCO VIT Global Managed Asset Allocation
Portfolio, Advisor Class3 Pacific Investment Management Company LLC (PIMCO) |
1.34%2 |
12.85% |
7.20% |
5.14% |
Seeks maximum total
return, consistent with
preservation of capital
and prudent investment
management. |
PIMCO VIT Total Return Portfolio, Advisor
Class
Pacific Investment Management Company
LLC (PIMCO) |
0.85% |
5.83% |
0.98% |
1.60% |
Seeks long-term capital
appreciation. |
Putnam VT Sustainable Leaders Fund -
Class IB Shares
Putnam Investment Management, LLC,
investment advisor. Though the investment
advisor has retained the services of Putnam
Investments Limited (PIL), PIL does not
currently manage any assets. |
0.90% |
26.11% |
16.09% |
12.59% |
Seeks long-term growth
of capital. Royce invests
the Fund's assets
primarily in equity
securities of micro-cap
companies, those that
have a market
capitalization not
greater than that of the
largest company in the
Russell Microcap® Index
at the time of its most
recent reconstitution. |
Royce Capital Fund - Micro-Cap Portfolio,
Investment Class
Royce & Associates, LP |
1.18% |
18.78% |
12.13% |
5.53% |
Seeks high current
income, consistent with
preservation of capital,
with capital appreciation
as a secondary
consideration. Under
normal market
conditions, the fund
invests at least 80% of
its net assets in debt
securities of any
maturity. |
Templeton Global Bond VIP Fund - Class 2
Franklin Advisers, Inc. |
0.75%2 |
2.88% |
(2.13%) |
(0.66%) |
Seeks long-term capital
appreciation by
acquiring common
stocks of well-financed
companies (meaning
companies with high
quality assets and
conservative levels of
liabilities) at a discount
to what the Adviser
believes is their intrinsic
value. |
Third Avenue VST Third Avenue Value
Portfolio
Third Avenue Management LLC |
1.30%2 |
20.81% |
13.45% |
6.14% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks long-term capital
appreciation by
investing in common
stocks of gold-mining
companies. The Fund
may take current
income into
consideration when
choosing investments. |
VanEck VIP Global Gold Fund (Class S
Shares)
Van Eck Associates Corporation |
1.45%2 |
10.41% |
9.61% |
4.61% |
Seeks to provide a high
level of total return that
is consistent with an
aggressive level of risk. |
Variable Portfolio - Aggressive Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
1.05% |
17.22% |
9.19% |
6.47% |
Seeks to provide a high
level of total return that
is consistent with an
aggressive level of risk. |
Variable Portfolio - Aggressive Portfolio
(Class 4)3 Columbia Management Investment Advisers, LLC |
1.05% |
17.19% |
9.20% |
6.47% |
Seeks to provide a high
level of total return that
is consistent with a
conservative level of
risk. |
Variable Portfolio - Conservative Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
0.88%2 |
8.46% |
2.66% |
2.50% |
Seeks to provide a high
level of total return that
is consistent with a
conservative level of
risk. |
Variable Portfolio - Conservative Portfolio
(Class 4)3 Columbia Management Investment Advisers, LLC |
0.88%2 |
8.39% |
2.64% |
2.50% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Risk Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.02%2 |
12.26% |
5.14% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Risk U.S. Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.00% |
14.54% |
6.90% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Conservative Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.95% |
7.87% |
2.39% |
2.33% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Conservative Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.98% |
9.98% |
3.66% |
3.05% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility Growth
Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.02% |
14.59% |
6.34% |
4.44% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Pursues total return
while seeking to
manage the Fund’s
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Moderate Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.99% |
12.27% |
5.07% |
3.84% |
Seeks to provide a high
level of total return that
is consistent with a
moderate level of risk. |
Variable Portfolio - Moderate Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
0.97% |
12.96% |
6.12% |
4.63% |
Seeks to provide a high
level of total return that
is consistent with a
moderate level of risk. |
Variable Portfolio - Moderate Portfolio
(Class 4)3 Columbia Management Investment Advisers, LLC |
0.97% |
12.94% |
6.12% |
4.63% |
Seeks to provide a high
level of total return that
is consistent with a
moderately aggressive
level of risk. |
Variable Portfolio - Moderately Aggressive
Portfolio (Class 2)3 Columbia Management Investment Advisers, LLC |
1.01% |
14.93% |
7.56% |
5.50% |
Seeks to provide a high
level of total return that
is consistent with a
moderately aggressive
level of risk. |
Variable Portfolio - Moderately Aggressive
Portfolio (Class 4)3 Columbia Management Investment Advisers, LLC |
1.01% |
14.91% |
7.57% |
5.50% |
Seeks to provide a high
level of total return that
is consistent with a
moderately conservative
level of risk. |
Variable Portfolio - Moderately Conservative
Portfolio (Class 2)3 Columbia Management Investment Advisers, LLC |
0.94% |
10.50% |
4.32% |
3.54% |
Seeks to provide a high
level of total return that
is consistent with a
moderately conservative
level of risk. |
Variable Portfolio - Moderately Conservative
Portfolio (Class 4)3 Columbia Management Investment Advisers, LLC |
0.94% |
10.48% |
4.31% |
3.53% |
Seeks to provide
shareholders with
long-term capital growth. |
Variable Portfolio - Partners Core Equity Fund
(Class 3)
Columbia Management Investment Advisers,
LLC, adviser; J.P. Morgan Investment
Management Inc. and T. Rowe Price
Associates, Inc., subadvisers. |
0.82% |
24.55% |
14.45% |
10.33% |
Seeks to provide
shareholders with
long-term capital
appreciation. |
Variable Portfolio - Partners Small Cap Value
Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; Segall Bryant & Hamill, LLC
and William Blair Investment Management,
LLC, subadvisers. |
0.94%2 |
11.26% |
8.34% |
4.83% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Conservative
Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.96% |
11.22% |
3.90% |
- |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Growth Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.94% |
16.80% |
6.67% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Moderate
Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.94% |
13.87% |
5.37% |
- |
Seeks long-term capital
appreciation. |
Wanger Acorn
Columbia Wanger Asset Management, LLC |
0.95%2 |
21.74% |
7.51% |
7.20% |
Seeks long-term capital
appreciation. |
Wanger International
Columbia Wanger Asset Management, LLC |
1.14%2 |
16.95% |
6.45% |
3.50% |
Seeks to maximize total
return. |
Western Asset Variable Global High Yield
Bond Portfolio - Class II
Legg Mason Partners Fund Adviser, LLC;
Western Asset Management Company, LLC,
Western Asset Management Company
Limited & Western Asset Management Pte.
Ltd., sub-advisors. |
1.08% |
9.96% |
3.17% |
2.63% |
Amount requested |
or |
$1,000 |
= |
$1,075.27 |
1.00 – surrender charge |
.93 |
Surrender Charge |
Explanation |
$0 |
$2,500 is contract earnings surrendered without charge; and |
0 |
$300 is 10% of the prior anniversary contract value that is in excess of contract earnings surrendered
without charge (from above). 10% of $28,000 = $2,800 – $2,500 = $300 |
0 |
$10,000 payment was received eight or more years before surrender and is surrendered without surrender
charge; and |
480 |
$8,000 payment is surrendered with a 6% surrender charge since there have been 3 completed years from
date of purchase payment; and |
420 |
$6,000 payment is surrendered with a 7% surrender charge since there has been 1 completed year from
date of purchase payment. |
$900 |
|
Issued by: |
RiverSource Life Insurance Company (RiverSource Life) 70100 Ameriprise Financial Center Minneapolis, MN 55474 Telephone: 1-800-862-7919 (Service Center) ameriprise.com/variableannuities RiverSource Variable Account 10 |
3
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|
FEES AND EXPENSES
|
Location in
Statutory
Prospectus | ||
Charges for Early
Withdrawals |
Each Contract provides for different surrender charge periods and
percentages. In addition to the surrender charge, we may reverse a
purchase payment credit upon certain withdrawals within 12 months
of when the purchase payment credit was applied.
RAVA Advantage. You may select either a seven-year or ten-year surrender charge schedule at the time of application. If you select a seven-year surrender charge schedule and you withdraw money during the first 7 years
from date of each purchase payment, you may be assessed a surrender
charge of up to 7% of the purchase payment withdrawn. If you
elect a ten-year surrender charge schedule and you withdraw money
during the first 10 years from date of each purchase payment, you
may be assessed a surrender charge of up to 8% of the purchase
payment withdrawn. For example, if you select a seven-year
surrender charge schedule and make an early withdrawal, you could
pay a surrender charge of up to $7,000 on a $100,000 investment.
If you select a ten-year surrender charge schedule and make an
early withdrawal, you could pay a surrender charge of up to
$8,000 on a $100,000 investment.
RAVA Select. If you withdraw money during the first 3 years from the contract date, you may be assessed a surrender charge of up to 7% of the
purchase payment withdrawn. For RAVA Select contracts issued in Texas on
or after 11/7/2002, if you withdraw money during the first 3 years from
the contract date, you may be assessed a surrender charge of up to 8% of
the purchase payment withdrawn. For example, if you make a withdrawal in the first year, you could pay a
withdrawal charge of up to $8,000 on a $100,000 investment for contracts
issued in Texas on or after 11/7/2002 ($7,000 on a $100,000
investment for all other RAVA Select contracts). |
Fee Table and
Examples
Charges–
Surrender Charge | ||
Transaction
Charges |
We do not assess any transaction charges. |
|
|
FEES AND EXPENSES
|
Location in
Statutory
Prospectus | ||
Ongoing Fees and
Expenses (annual
charges) |
The table below describes the current fees and expenses that you may pay
each year, depending on the options you choose. Please refer to
your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected. |
Fee Table and
Examples
Expenses –
Product Charges
Appendix A: Funds
Available Under
the Contract | ||
Annual Fee |
Minimum |
Maximum | ||
Base Contract(1) (varies by Contract and tax
qualification) |
0.77% |
1.22% | ||
Fund options
(Funds fees and expenses)(2) |
0.38%
|
2.38%
| ||
Optional benefits available for an
additional charge
(for a single optional benefit, if
elected)(3) |
0.25% |
0.40% | ||
(1) As a percentage of average daily contract value in the Variable Account. Includes the
Mortality and Expense Fee and contract administrative charge.
(2) As a percentage of Fund net assets.
(3) As a percentage of Contract value.
Because your Contract is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your Contract,
the following table shows the lowest and highest cost you could pay each
year, based on current charges. This estimate assumes that you do
not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. | ||||
Lowest Annual Cost:
$1,440
|
Highest Annual Cost:
$3,436
| |||
Assumes:
•Investment of $100,000 •5% annual appreciation
•Least expensive combination of Contract features and Fund fees
and expenses
•No optional benefits •No sales charge
•No additional purchase payments, transfers or withdrawals •No purchase payment credits |
Assumes:
•Investment of $100,000 •5% annual appreciation
•Most expensive combination of Contract features, optional
benefits and Fund fees and
expenses
•No sales charge •No additional purchase payments,
transfers or withdrawals
•No purchase payment credits | |||
|
RISKS |
| ||
Risk of Loss |
You can lose money by investing in this Contract including loss of principal. |
Principal Risks of
Investing in the
Contract | ||
Not a Short-Term
Investment |
•The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. •Contracts have surrender charges, which may reduce the value of your Contract if you withdraw money during the surrender charge period.
Surrenders may also reduce contract guarantees.
•The benefits of tax deferral and long-term income mean the contract is generally more beneficial to investors with a long term investment horizon. |
Principal Risks of
Investing in the
Contract
Charges–
Surrender Charge |
|
RISKS |
Location in
Statutory
Prospectus | ||
Risks Associated
with Investment
Options |
•An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract. •Each investment option (including under the Fixed Account) has its own
unique risks.
•You should review the investment options before making any investment decisions. |
Principal Risks of
Investing in the
Contract
The Variable Account and the
Funds
The Fixed Account | ||
Insurance
Company Risks |
An investment in the Contract is subject to the risks related to us. Any
obligations (including under the Fixed Account) or guarantees and benefits
of the Contract that exceed the assets of the Separate Account are subject
to our claims-paying ability. If we experience financial distress, we may not
be able to meet our obligations to you. More information about
RiverSource Life, including our financial strength ratings, is
available by contacting us at 1-800-862-7919. |
Principal Risks of
Investing in the
Contract
The General
Account | ||
|
RESTRICTIONS |
| ||
Investments |
•Subject to certain restrictions, you may transfer your Contract value among the subaccounts without charge at any time before the settlement date, and once per contract year after the settlement date.
•We reserve the right to modify, restrict or suspend your transfer privileges if we determine that your transfer activity constitutes market
timing.
•We reserve the right to add, remove or substitute Funds. We also reserve the right, upon notification to you, to close or restrict any Funds. |
Making the Most
of Your Contract –
Transferring
Among Accounts
Substitution of
Investments | ||
Optional Benefits |
•Withdrawals will proportionally reduce certain guaranteed benefits, which means your benefit could be reduced by more than the dollar amount of your withdrawals, and such reductions could be significant. |
Buying Your
Contract —Purchase Payments Optional Benefits | ||
|
TAXES |
| ||
Tax Implications |
•Consult with a tax advisor to determine the tax implications of an investment in and payments and withdrawals received under this Contract. •If you purchase the Contract through a tax-qualified plan or
individual retirement account, you do not get any additional tax
benefit. •Earnings under your contract are taxed at ordinary income tax rates generally when withdrawn. You may have to pay a tax penalty if you take
a withdrawal before age 59½. |
Taxes | ||
|
CONFLICTS OF INTEREST
|
| ||
Investment
Professional
Compensation |
Your investment professional may receive compensation for selling this
Contract to you, in the form of commissions, additional cash benefits (e.g., bonuses), and non-cash compensation. This financial incentive may influence your investment professional to recommend this Contract over another investment for which the investment professional is not compensated or compensated less. |
About the Service
Providers | ||
Exchanges |
If you already own an annuity or insurance Contract, some investment
professionals may have a financial incentive to offer you a new Contract in
place of the one you own. You should only exchange a Contract you already
own if you determine, after comparing the features, fees, and risks of both
Contracts, that it is better for you to purchase the new Contract rather than continue to own your existing Contract. |
Buying Your
Contract – Contract
Exchanges |
Surrender charges (as a percentage of purchase payments
surrendered) |
Ten-year |
Seven-year |
Maximum |
8 % |
7 % |
Ten-year schedule* |
Seven-year schedule | ||
Number of completed years from date of each purchase payment** |
Surrender charge percentage |
Number of completed years from date of each purchase payment** |
Surrender charge percentage |
0 |
8 % |
0 |
7 % |
1 |
8 |
1 |
7 |
2 |
8 |
2 |
7 |
3 |
7 |
3 |
6 |
4 |
7 |
4 |
5 |
5 |
6 |
5 |
4 |
6 |
5 |
6 |
2 |
7 |
4 |
7 + |
0 |
8 |
3 |
|
|
9 |
2 |
|
|
10 + |
0 |
|
|
Years from contract date*** |
Surrender charge percentage |
1 |
7 % |
2 |
7 |
3 |
7 |
Thereafter |
0 |
|
Surrender charge percentage (as a percentage of purchase payments surrendered) in contract year | |||
Payments made in contract year*** |
1 |
2 |
3 |
Thereafter |
1 |
8 % |
7 % |
6 % |
0 % |
2 |
|
8 |
7 |
0 |
3 |
|
|
8 |
0 |
Thereafter |
|
|
|
0 |
Annual contract administrative charge |
$30 |
RAVA Advantage for nonqualified annuities |
Maximum/Current: 0.95% |
RAVA Advantage for qualified annuities |
Maximum/Current: 0.75% |
RAVA Select for nonqualified annuities |
Maximum/Current: 1.20% |
RAVA Select for qualified annuities |
Maximum/Current:
1.00% |
MAV rider fee |
Maximum/Current: 0.25%* |
EEB rider fee |
Maximum/Current: 0.30% |
EEP rider fee |
Maximum/Current: 0.40% |
PN rider fee** |
Maximum/Current:
0.00% |
Total Annual Fund Expenses |
Minimum(%) |
Maximum(%) |
(expenses deducted from the Fund assets, including management fees, distribution and/or service
(12b-1) fees and other expenses) |
0.38 |
2.38 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Nonqualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA Advantage |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$11,375 |
$18,845 |
$26,438 |
$42,507 |
$4,074 |
$12,334 |
$20,749 |
$42,477 |
With a seven-year surrender charge
schedule |
10,466 |
17,920 |
24,551 |
42,507 |
4,074 |
12,334 |
20,749 |
42,477 |
RAVA Select |
10,703 |
13,102 |
21,963 |
44,644 |
4,328 |
13,072 |
21,933 |
44,614 |
RAVA Select – Texas |
10,703 |
13,102 |
21,963 |
44,644 |
4,328 |
13,072 |
21,933 |
44,614 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Qualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA Advantage |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$11,188 |
$18,293 |
$25,539 |
$40,757 |
$3,870 |
$11,741 |
$19,792 |
$40,727 |
With a seven-year surrender charge
schedule |
10,277 |
17,362 |
23,633 |
40,757 |
3,870 |
11,741 |
19,792 |
40,727 |
RAVA Select |
10,514 |
12,512 |
21,017 |
42,938 |
4,124 |
12,482 |
20,987 |
42,908 |
RAVA Select – Texas |
10,514 |
12,512 |
21,017 |
42,938 |
4,124 |
12,482 |
20,987 |
42,908 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Nonqualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA Advantage |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$8,882 |
$11,270 |
$13,360 |
$16,124 |
$1,363 |
$4,240 |
$7,330 |
$16,094 |
With a seven-year surrender charge schedule |
7,946 |
10,270 |
11,360 |
16,124 |
1,363 |
4,240 |
7,330 |
16,094 |
RAVA Select |
8,184 |
5,055 |
8,694 |
18,924 |
1,620 |
5,025 |
8,664 |
18,894 |
RAVA Select – Texas |
8,184 |
5,055 |
8,694 |
18,924 |
1,620 |
5,025 |
8,664 |
18,894 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Qualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA Advantage |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$8,693 |
$10,640 |
$12,284 |
$13,834 |
$1,158 |
$3,610 |
$6,254 |
$13,804 |
With a seven-year surrender charge schedule |
7,755 |
9,640 |
10,284 |
13,834 |
1,158 |
3,610 |
6,254 |
13,804 |
RAVA Select |
7,993 |
4,427 |
7,628 |
16,690 |
1,415 |
4,397 |
7,598 |
16,660 |
RAVA Select – Texas |
7,993 |
4,427 |
7,628 |
16,690 |
1,415 |
4,397 |
7,598 |
16,660 |
|
RAVA Advantage |
RAVA Select |
If paying by any other method: initial payment for qualified annuities
|
$1,000 |
$2,000 |
initial payment for nonqualified annuities |
2,000 |
10,000 |
for any additional payments |
50 |
50 |
|
RAVA Advantage |
RAVA Select |
through age 85 |
100,000 |
100,000 |
for ages 86 to 90 |
50,000 |
50,000 |
Ten-year schedule* |
Seven-year schedule | ||
Number of completed years from date of each purchase payment** |
Surrender charge percentage |
Number of completed years from date of each purchase payment** |
Surrender charge percentage |
0 |
8 % |
0 |
7 % |
1 |
8 |
1 |
7 |
2 |
8 |
2 |
6 |
4 |
7 |
4 |
5 |
5 |
6 |
5 |
4 |
6 |
5 |
6 |
2 |
7 |
4 |
7 + |
0 |
8 |
3 |
|
|
9 |
2 |
|
|
10 + |
0 |
|
|
Contract year |
Surrender charge percentage |
1 |
7 % |
2 |
7 |
3 |
7 |
Thereafter |
0 |
|
Surrender charge percentage (as a percentage of purchase payments surrendered) in contract year | |||
Payments made in contract year*** |
1 |
2 |
3 |
Thereafter |
1 |
8 % |
7 % |
6 % |
0 % |
2 |
|
8 |
7 |
0 |
3 |
|
|
8 |
0 |
Thereafter |
|
|
|
0 |
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 |
RAVA Advantage
for nonqualified annuities |
Maximum/Current: 0.95% |
RAVA Advantage
for qualified annuities |
Maximum/Current: 0.75% |
RAVA Select
for nonqualified annuities |
Maximum/Current: 1.20% |
RAVA Select
for qualified annuities |
Maximum/Current:
1.00% |
By investing an equal number of dollars each month |
|
Month |
Amount invested |
Accumulation unit value |
Number of units purchased |
|
|
Jan |
$100 |
$20 |
5.00 |
|
|
Feb |
100 |
18 |
5.56 |
you automatically buy
more units when the
per unit market price is low |
|
Mar |
100 |
17 |
5.88 |
→ |
Apr |
100 |
15 |
6.67 | |
|
|
May |
100 |
16 |
6.25 |
|
|
Jun |
100 |
18 |
5.56 |
|
|
Jul |
100 |
17 |
5.88 |
and fewer units
when the per unit
market price is high. |
|
Aug |
100 |
19 |
5.26 |
→ |
Sept |
100 |
21 |
4.76 | |
|
|
Oct |
100 |
20 |
5.00 |
Minimum amount |
|
Transfers or surrenders: |
$250 or entire account balance |
Maximum amount |
|
Transfers or surrenders: |
Contract value or entire account balance |
Minimum amount |
|
Transfers or surrenders: |
$50 |
Maximum amount |
|
Transfers or surrenders: |
None (except for automated transfers from the fixed account) |
Minimum amount |
|
Transfers or surrenders: |
$250 or entire account balance |
Maximum amount |
|
Transfers: |
Contract value or entire account balance |
Surrenders: |
$100,000 |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Standard Benefits (no additional charge) | ||||
Dollar Cost
Averaging |
Allows the systematic transfer
of a specified dollar amount
among the subaccounts or
from the fixed account to one
or more eligible subaccounts |
N/A |
N/A |
•Not allowed if the PN program is in effect |
Asset
Rebalancing |
Allows you to have your
investments periodically
rebalanced among the
subaccounts to your
pre-selected percentages |
N/A |
N/A |
•You must have $2,000 in Contract Value to
participate.
•We require 30 days notice for you to change or cancel the program •You can request rebalancing
to be done either quarterly,
semiannually or annually
•Other restrictions may apply under the Portfolio Navigator Program |
Portfolio
Navigator (PN)
Program and
Portfolio
Stabilizer funds |
Your contract value is
allocated to the PN program
investment options or Portfolio
Stabilizer funds |
N/A |
N/A |
•No dollar cost averaging allowed |
Automated
Partial
Surrenders/
Systematic
Withdrawals |
Allows automated partial
surrenders from the contract |
N/A |
N/A |
•Additional systematic payments are not allowed with automated partial surrenders •May result in income taxes
and IRS penalty on all or a
portion of amounts
surrendered |
Nursing Home or
Hospital
Confinement |
Allows you to
withdraw contract
value without a
surrender charge |
N/A |
N/A |
•You must be under age 76
on the contract issue date
and the confinement must
start after the contract issue
date
•You must be confined to a hospital or nursing home for the prior 90 days •Amount withdrawn must be
paid directly to you
•Contract value is reduced by any purchase payment credits credited within 12 months of a withdrawal |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Standard Death
Benefit
(available for
contract owners
age 80 and
younger on the
date of death) |
Provides a minimum death
benefit equal to the greatest
of (1)Contract Value, contract
value, less any purchase
payment credits subject to
reversal, less any applicable
rider charges;, (2) purchase
payments minus adjusted
partial surrenders,
or (3) the contract value as of
the most recent sixth contract
anniversary, preceding the
date of death, plus any
purchase payments since that
anniversary, minus adjusted
partial surrenders since that
anniversary |
N/A |
N/A |
•Withdrawals will proportionately reduce the benefit, which means your benefit could be reduced by more than the dollar amount of your withdrawals, and such reductions could be significant •Annuitizing the Contract
terminates the benefit
•Contract Value is reduced by any purchase payment credits and any applicable rider charges applied within 12 months of the date of death •When we calculate this
death benefit, we do not
consider purchase payment
credits as part of your
purchase payments and
contract value is reduced by
any purchase payment
credits applied within 12
months of death and any
applicable rider charges. |
Standard Death
Benefit
(available if any
contract owner
is age 81 and
older on the date
of death) |
Provides a minimum death
benefit equal to the greater of
Contract Value, less any purchase payment credits subject to reversal, less any applicable rider charges less any applicable rider charges, or purchase payments minus adjusted partial surrenders |
N/A |
N/A |
•Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals, and
such reductions could be
significant
•Annuitizing the Contract terminates the benefit •Contract Value is reduced by
any purchase payment
credits and any applicable
rider charges applied within
12 months of the date of
death
•When we calculate this death benefit, we do not consider purchase payment credits as part of your purchase payments and contract value is reduced by any purchase payment credits applied within 12 months of death and any applicable rider charges. |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Optional Benefits | ||||
MAV Death
Benefit |
Increases the guaranteed
death benefit to the highest
anniversary contract value
plus subsequent purchase
payments made to the
contract, adjusted for any
partial surrenders |
0.25% of
contract value
in the variable
account |
Contracts
purchased after
5/1/2003:
0.25%
Contracts
purchased prior
to 5/1/2003:
0.15% |
•Available to owners age 75 and younger •Must be elected at contract
issue
•No longer eligible to increase on any contract anniversary on/after your 81st birthday. •Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals. Such
reductions could be
significant.
•Annuitizing the Contract terminates the benefit •When we calculate this
death benefit, we do not
consider purchase payment
credits as part of your
purchase payments
•Contract Value is reduced by any purchase payment credits applied within 12 months of death and any applicable rider charges |
Enhanced
Earnings Death
Benefit (EEB) |
Provides an additional death
benefit, based on a
percentage of contract
earnings, to help offset
expenses after death such as
funeral expenses or federal
and state taxes |
0.30% of
contract value
in the variable
account |
0.30% |
•Available to owners age 75
and younger
•Must be elected at contract issue •Available with MAV
•For contract owners age 70 and older at the rider effective date, the benefit decreases from 40% to 15% of earnings •Annuitizing the Contract
terminates the benefit
•When we calculate this death benefit, we do not consider purchase payment credits as part of your purchase payments •Contract Value is reduced by
any purchase payment
credits applied within 12
months of death and any
applicable rider charges |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Enhanced
Earnings Plus
Death Benefit (EEP) |
Provides an additional death
benefit based on a percentage
of contract earnings and a
percentage of exchange
purchase payments, to help
offset expenses after death
such as funeral expenses or
federal and state taxes |
0.40% of
contract value
in the variable
account |
0.40% |
•Available only under
annuities purchase through
an exchange or direct
transfer from another
annuity or a life insurance
policy
•Exchange purchase payments must be identified at issue, received within 6 months from issue, and not be previously surrendered •Available to owners age 75
and younger
•Must be elected at contract issue •Available with MAV
•Annuitizing the Contract terminates the benefit •When we calculate this
death benefit, we do not
consider purchase payment
credits as part of your
purchase payments
•Contract Value is reduced by any purchase payment credits applied within 12 months of death and any applicable rider charges |
Adjusted partial surrenders |
= |
PS x DB |
CV |
PS |
= |
the amount by which the contract value is reduced as a result of the partial surrender. |
DB |
= |
is 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. |
We calculate the death benefit as follows: |
|
| ||
|
The contract value on the most recent sixth contract anniversary: |
$30,000.00 |
| |
|
plus purchase payments made since that anniversary: |
+0.00 |
| |
|
minus adjusted partial surrenders taken since that anniversary calculated as: |
|
| |
|
$1,500 x $30,000 |
|
–1,607.14 |
|
|
$28,000 | |||
|
for a death benefit of: |
$28,392.86 |
|
Contract year |
Percentage if you and the annuitant are
under age 70 on the rider effective date |
Percentage if you or the annuitant are
70 or older on the rider effective date |
One and Two |
0 % |
0 % |
Three and Four |
10 % |
3.75 % |
Five or more |
20 % |
7.5 % |
Contract year |
If you and the annuitant are under
age 70 on the rider effective date, add… |
If you or the annuitant are age 70
or older on the rider effective date, add… |
1 |
Zero |
Zero |
2 |
40% x earnings at death (see above) |
15% x earnings at death |
Contract year |
If you and the annuitant are under
age 70 on the rider effective date, add… |
If you or the annuitant are age 70
or older on the rider effective date, add… |
3 & 4 |
40% x (earnings at death + 25%
of exchange purchase payment*) |
15% x (earnings at death + 25%
of exchange purchase payment*) |
5+ |
40% x (earnings at death + 50% of exchange purchase payment*) |
15% x (earnings at death + 50% of exchange purchase payment*) |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to maximize total
return consistent with
AllianceBernstein's
determination of
reasonable risk. |
AB VPS Dynamic Asset Allocation Portfolio
(Class B)1 AllianceBernstein L.P. |
1.10%2 |
13.48% |
4.03% |
3.22% |
Seeks long-term growth
of capital. |
AB VPS International Value Portfolio
(Class B)
AllianceBernstein L.P. |
1.15% |
14.83% |
5.55% |
1.83% |
Seeks long-term growth
of capital. |
AB VPS Relative Value Portfolio (Class B)
AllianceBernstein L.P. |
0.86%2 |
11.72% |
11.57% |
9.05% |
Seeks long-term growth
of capital. |
AB VPS Sustainable Global Thematic
Portfolio (Class B)
AllianceBernstein L.P. |
1.17%2 |
15.70% |
13.27% |
9.33% |
Seeks long-term total
return, consisting of
capital appreciation and
current income. |
Allspring VT Index Asset Allocation Fund -
Class 2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
sub-adviser. |
1.00%2 |
16.70% |
9.49% |
8.24% |
Seeks long-term capital
appreciation. |
Allspring VT Opportunity Fund - Class 2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
sub-adviser. |
1.00%2 |
26.50% |
14.74% |
10.32% |
Seeks long-term capital
appreciation. |
Allspring VT Small Cap Growth Fund -
Class 2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
sub-adviser. |
1.17% |
4.11% |
7.68% |
6.60% |
The Portfolio seeks
investment results that
correspond (before fees
and expenses) generally
to the price and yield
performance of its
underlying index, the
Alerian Midstream
Energy Select Index (the
"Index"). |
ALPS | Alerian Energy Infrastructure
Portfolio: Class III
ALPS Advisors, Inc. |
1.30%2 |
13.91% |
10.67% |
2.70% |
Seeks high total
investment return. |
BlackRock Global Allocation V.I. Fund
(Class III)
BlackRock Advisors, LLC, adviser; BlackRock
(Singapore) Limited and BlackRock
International Limited, sub-advisers. |
1.02%2 |
12.49% |
7.39% |
4.63% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to achieve a
competitive total return
through an actively
managed portfolio of
stocks, bonds and
money market
instruments which offer
income and capital
growth opportunity. |
Calvert VP SRI Balanced Portfolio - Class I
Calvert Research and Management |
0.65% |
16.82% |
10.27% |
7.46% |
Seeks maximum total
investment return
through a combination
of capital growth and
current income. |
Columbia Variable Portfolio - Balanced Fund
(Class 3)
Columbia Management Investment Advisers,
LLC |
0.89% |
21.23% |
10.83% |
7.94% |
Seeks to provide
shareholders with total
return. |
Columbia Variable Portfolio - Commodity
Strategy Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.01%2 |
(7.14%) |
9.08% |
(0.97%) |
Seeks total return,
consisting of long-term
capital appreciation and
current income. |
Columbia Variable Portfolio - Contrarian Core
Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
31.88% |
16.54% |
11.54% |
Seeks to provide
shareholders with
capital appreciation. |
Columbia Variable Portfolio - Disciplined
Core Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.81% |
24.21% |
13.69% |
11.02% |
Seeks to provide
shareholders with a high
level of current income
and, as a secondary
objective, steady growth
of capital. |
Columbia Variable Portfolio - Dividend
Opportunity Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.87%2 |
4.95% |
10.34% |
7.87% |
Non-diversified fund that
seeks to provide
shareholders with high
total return through
current income and,
secondarily, through
capital appreciation. |
Columbia Variable Portfolio - Emerging
Markets Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.00%2 |
10.02% |
1.57% |
2.20% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Emerging
Markets Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
1.22%2 |
9.31% |
3.54% |
2.51% |
Seeks to provide
shareholders with high
total return through
income and growth of
capital. |
Columbia Variable Portfolio - Global Strategic
Income Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.72%2 |
9.81% |
2.18% |
0.42% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with
maximum current
income consistent with
liquidity and stability of
principal. |
Columbia Variable Portfolio - Government
Money Market Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.49%2 |
4.61% |
1.56% |
0.95% |
Seeks to provide
shareholders with high
current income as its
primary objective and,
as its secondary
objective, capital
growth. |
Columbia Variable Portfolio - High Yield Bond
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.77%2 |
12.08% |
5.47% |
4.32% |
Seeks to provide
shareholders with a high
total return through
current income and
capital appreciation. |
Columbia Variable Portfolio - Income
Opportunities Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.77%2 |
11.51% |
5.15% |
4.12% |
Seeks to provide
shareholders with a high
level of current income
while attempting to
conserve the value of
the investment for the
longest period of time. |
Columbia Variable Portfolio - Intermediate
Bond Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.64% |
6.19% |
1.47% |
2.12% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Large Cap
Growth Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.85% |
42.95% |
18.14% |
13.51% |
Seeks to provide
shareholders with
long-term capital
appreciation. |
Columbia Variable Portfolio - Large Cap Index
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.38% |
25.82% |
15.23% |
11.56% |
Seeks to provide
shareholders with a
level of current income
consistent with
preservation of capital. |
Columbia Variable Portfolio - Limited
Duration Credit Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.66%2 |
6.66% |
2.36% |
1.65% |
Seeks total return,
consisting of current
income and capital
appreciation. |
Columbia Variable Portfolio - Long
Government/Credit Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.74%2 |
6.68% |
0.81% |
1.67% |
Seeks to provide
shareholders with
capital appreciation. |
Columbia Variable Portfolio - Overseas Core
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.92% |
15.47% |
8.09% |
3.51% |
Seeks to provide
shareholders with
long-term growth of
capital. |
Columbia Variable Portfolio - Select Large
Cap Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.83% |
5.23% |
11.99% |
8.99% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with
growth of capital. |
Columbia Variable Portfolio - Select Mid Cap
Growth Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
25.08% |
12.93% |
9.51% |
Seeks to provide
shareholders with
long-term growth of
capital. |
Columbia Variable Portfolio - Select Mid Cap
Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
10.18% |
13.20% |
8.29% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Select Small
Cap Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.98%2 |
12.97% |
10.05% |
6.32% |
Seeks to provide
shareholders with
current income as its
primary objective and,
as its secondary
objective, preservation
of capital. |
Columbia Variable Portfolio -
U.S. Government Mortgage Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.59% |
5.55% |
0.04% |
1.45% |
The portfolio is
designed to achieve
positive total return
relative to the
performance of the
Bloomberg Commodity
Index Total Return
("BCOM Index"). |
Credit Suisse Trust - Commodity Return
Strategy Portfolio, Class 1
Credit Suisse Asset Management, LLC |
1.05% |
(9.11%) |
7.23% |
(1.21%) |
Non-diversified fund that
seeks to provide
shareholders with total
return that exceeds the
rate of inflation over the
long term. |
CTIVP® - BlackRock Global Inflation-Protected
Securities Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; BlackRock Financial
Management, Inc., subadviser; BlackRock
International Limited, sub-subadviser. |
0.75%2 |
3.95% |
1.04% |
2.23% |
Seeks to provide
shareholders with
long-term capital growth. |
CTIVP® - Principal Blue Chip Growth Fund
(Class 1)
Columbia Management Investment Advisers,
LLC, adviser; Principal Global Investors, LLC,
subadviser. |
0.70% |
39.54% |
15.67% |
13.48% |
Seeks to provide
shareholders with
long-term growth of
capital. |
CTIVP® - Victory Sycamore Established Value
Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; Victory Capital Management
Inc., subadviser. |
0.95% |
9.81% |
14.18% |
10.58% |
Seeks capital
appreciation. |
DWS Alternative Asset Allocation VIP,
Class B3 DWS Investment Management Americas Inc., adviser; RREEF America L.L.C., subadvisor. |
1.21% |
5.67% |
5.70% |
2.63% |
Seeks high level of
current income. |
Eaton Vance VT Floating-Rate Income Fund -
Initial Class
Eaton Vance Management |
1.17% |
11.21% |
4.13% |
3.22% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks long-term capital
appreciation. |
Fidelity® VIP Contrafund® Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.81% |
33.12% |
16.36% |
11.33% |
Seeks high total return
through a combination
of current income and
capital appreciation. |
Fidelity® VIP Growth & Income Portfolio
Service Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.74% |
18.41% |
14.50% |
10.00% |
Seeks long-term growth
of capital. |
Fidelity® VIP Mid Cap Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.82% |
14.80% |
12.17% |
7.85% |
Seeks long-term growth
of capital. |
Fidelity® VIP Overseas Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, FIL Investment Advisers, FIL
Investment Advisers (UK) Limited and FIL
Investments (Japan) Limited,
subadvisers. |
0.98% |
20.22% |
9.71% |
4.65% |
Seeks a high level of
current income and may
also seek capital
appreciation. |
Fidelity® VIP Strategic Income Portfolio
Service Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, FIL Investment Advisers, FIL
Investment Advisers (UK) Limited and FIL
Investments (Japan) Limited,
subadvisers. |
0.90% |
9.18% |
3.47% |
3.10% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks high total return.
Under normal market
conditions, the fund
invests at least 80% of
its net assets in
investments of
companies located
anywhere in the world
that operate in the real
estate sector. |
Franklin Global Real Estate VIP Fund -
Class 2
Franklin Templeton Institutional, LLC |
1.25%2 |
11.43% |
3.88% |
3.78% |
Seeks to maximize
income while
maintaining prospects
for capital appreciation.
Under normal market
conditions, the fund
invests in a diversified
portfolio of equity and
debt securities. |
Franklin Income VIP Fund - Class 2
Franklin Advisers, Inc. |
0.71%2 |
8.62% |
6.98% |
5.01% |
Seeks capital
appreciation, with
income as a secondary
goal. Under normal
market conditions, the
fund invests primarily in
U.S. and foreign equity
securities that the
investment manager
believes are
undervalued. |
Franklin Mutual Shares VIP Fund - Class 2
Franklin Mutual Advisers, LLC |
0.93% |
13.46% |
7.81% |
5.43% |
Seeks long-term total
return. Under normal
market conditions, the
fund invests at least
80% of its net assets in
investments of small
capitalization
companies. |
Franklin Small Cap Value VIP Fund - Class 2
Franklin Mutual Advisers, LLC |
0.91%2 |
12.75% |
11.06% |
7.04% |
Seeks long-term capital
appreciation. |
Goldman Sachs VIT Mid Cap Value Fund -
Institutional Shares
Goldman Sachs Asset Management, L.P. |
0.84%2 |
11.42% |
13.36% |
8.10% |
Seeks long-term growth
of capital. |
Goldman Sachs VIT Multi-Strategy
Alternatives Portfolio - Advisor Shares3 Goldman Sachs Asset Management, L.P. |
1.36%2 |
7.53% |
4.00% |
- |
Seeks long-term growth
of capital and dividend
income. |
Goldman Sachs VIT U.S. Equity Insights
Fund - Institutional Shares
Goldman Sachs Asset Management, L.P. |
0.56%2 |
23.81% |
13.60% |
10.97% |
Non-diversified fund that
seeks capital growth. |
Invesco V.I. American Franchise Fund,
Series II Shares
Invesco Advisers, Inc. |
1.11% |
40.60% |
15.88% |
11.42% |
Seeks total return with a
low to moderate
correlation to traditional
financial market indices. |
Invesco V.I. Balanced-Risk Allocation Fund,
Series II Shares1 Invesco Advisers, Inc. |
1.13%2 |
6.40% |
4.66% |
3.79% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks capital growth
and income through
investments in equity
securities, including
common stocks,
preferred stocks and
securities convertible
into common and
preferred stocks. |
Invesco V.I. Comstock Fund, Series II Shares
Invesco Advisers, Inc. |
1.00% |
12.10% |
13.20% |
8.65% |
Seeks capital
appreciation. |
Invesco V.I. Discovery Mid Cap Growth Fund,
Series I Shares
Invesco Advisers, Inc. |
0.87% |
13.15% |
12.77% |
9.79% |
Seeks to provide
reasonable current
income and long-term
growth of income and
capital. |
Invesco V.I. Diversified Dividend Fund,
Series I Shares
Invesco Advisers, Inc. |
0.68% |
9.05% |
9.81% |
7.80% |
Seeks long-term growth
of capital. |
Invesco V.I. EQV International Equity Fund,
Series II Shares
Invesco Advisers, Inc. |
1.15% |
17.86% |
8.15% |
4.07% |
Seeks capital
appreciation. |
Invesco V.I. Global Fund, Series II Shares
Invesco Advisers, Inc. |
1.07% |
34.45% |
12.02% |
8.21% |
Seeks total return |
Invesco V.I. Global Strategic Income Fund,
Series II Shares
Invesco Advisers, Inc. |
1.17%2 |
8.60% |
1.04% |
1.25% |
Seeks long-term growth
of capital. |
Invesco V.I. Health Care Fund, Series II
Shares
Invesco Advisers, Inc. |
1.23% |
2.77% |
8.49% |
6.60% |
Seeks capital
appreciation. |
Invesco V.I. Main Street Small Cap Fund®,
Series II Shares
Invesco Advisers, Inc. |
1.13% |
17.82% |
12.79% |
8.66% |
Seeks long-term growth
of capital. |
Invesco V.I. Technology Fund, Series I
Shares
Invesco Advisers, Inc. |
0.98% |
46.94% |
14.92% |
12.24% |
Seeks long-term capital
growth, consistent with
preservation of capital
and balanced by current
income. |
Janus Henderson Balanced Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.87% |
15.13% |
9.37% |
7.73% |
Seeks to obtain
maximum total return,
consistent with
preservation of capital. |
Janus Henderson Flexible Bond Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.82%2 |
5.29% |
1.55% |
1.66% |
Seeks long-term growth
of capital. |
Janus Henderson Global Technology and
Innovation Portfolio: Service Shares
Janus Henderson Investors US LLC |
0.97% |
54.27% |
20.05% |
16.86% |
Seeks long-term growth
of capital. |
Janus Henderson Overseas Portfolio:
Service Shares
Janus Henderson Investors US LLC |
1.14% |
10.58% |
10.92% |
3.38% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks long-term growth
of capital. |
Janus Henderson Research Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.82% |
42.81% |
16.54% |
12.21% |
Seeks total return. |
Lazard Retirement Global Dynamic
Multi-Asset Portfolio - Service Shares1 Lazard Asset Management, LLC |
1.05%2 |
10.81% |
4.00% |
3.77% |
Seeks capital growth. |
LVIP American Century International Fund,
Service Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
1.10%2 |
12.43% |
8.12% |
3.91% |
Seeks long-term capital
growth. Income is a
secondary objective. |
LVIP American Century Mid Cap Value Fund,
Service Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
1.01%2 |
6.03% |
10.90% |
8.61% |
Seeks capital growth. |
LVIP American Century Ultra® Fund, Service
Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
0.90%2 |
43.27% |
19.07% |
14.47% |
Seeks long-term capital
growth. Income is a
secondary objective. |
LVIP American Century Value Fund, Service
Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
0.86%2 |
9.02% |
11.71% |
8.36% |
Seeks to provide total
return. |
Macquarie VIP Asset Strategy Series -
Service Class (previously Delaware Ivy VIP -
Asset Strategy, Class II)
Ivy Investment Management Company |
0.85%2 |
13.90% |
8.27% |
3.48% |
Seeks capital
appreciation. |
MFS® Massachusetts Investors Growth
Stock Portfolio - Service Class
Massachusetts Financial Services Company |
0.98%2 |
23.70% |
16.39% |
12.44% |
Seeks capital
appreciation. |
MFS® New Discovery Series - Service
Class Massachusetts Financial Services
Company |
1.12%2 |
14.25% |
10.81% |
7.41% |
Seeks total return. |
MFS® Utilities Series - Service Class
Massachusetts Financial Services Company |
1.04%2 |
(2.33%) |
8.05% |
6.13% |
The Fund seeks
long-term capital growth
by investing primarily in
common stocks and
other equity securities. |
Morgan Stanley VIF Discovery Portfolio,
Class II Shares
Morgan Stanley Investment Management
Inc. |
1.05%2 |
44.13% |
10.83% |
8.38% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
The Fund seeks to
provide current income
and capital
appreciation. |
Morgan Stanley VIF Global Real Estate
Portfolio, Class II Shares
Morgan Stanley Investment Management
Inc., adviser; Morgan Stanley Investment
Management Limited and Morgan Stanley
Investment Management Company,
subadvisers. |
1.10%2 |
10.47% |
0.30% |
1.69% |
Seeks maximum real
return, consistent with
preservation of real
capital and prudent
investment
management. |
PIMCO VIT All Asset Portfolio, Advisor Class3 Pacific Investment Management Company LLC (PIMCO) |
2.29%2 |
8.02% |
5.90% |
3.93% |
Seeks total return which
exceeds that of a blend
of 60% MSCI World
Index/40% Barclays
U.S. Aggregate Index. |
PIMCO VIT Global Managed Asset Allocation
Portfolio, Advisor Class3 Pacific Investment Management Company LLC (PIMCO) |
1.34%2 |
12.85% |
7.20% |
5.14% |
Seeks maximum total
return, consistent with
preservation of capital
and prudent investment
management. |
PIMCO VIT Total Return Portfolio, Advisor
Class
Pacific Investment Management Company
LLC (PIMCO) |
0.85% |
5.83% |
0.98% |
1.60% |
Seeks capital
appreciation. |
Putnam VT Global Health Care Fund -
Class IB Shares
Putnam Investment Management, LLC,
investment advisor. Though the investment
advisor has retained the services of both
Putnam Investments Limited (PIL) and The
Putnam Advisory Company, LLC (PAC), PIL
and PAC do not currently manage any assets
of the fund. |
1.01% |
9.13% |
13.48% |
10.16% |
Seeks capital
appreciation. |
Putnam VT International Equity Fund -
Class IB Shares
Putnam Investment Management, LLC,
investment advisor; Putnam Investments
Limited, sub-adviser. Though the investment
advisor has retained the services of The
Putnam Advisory Company, LLC (PAC), PAC
does not currently manage any assets of the
fund. |
1.10% |
18.51% |
9.05% |
3.70% |
Seeks long-term capital
appreciation. |
Putnam VT Sustainable Leaders Fund -
Class IB Shares
Putnam Investment Management, LLC,
investment advisor. Though the investment
advisor has retained the services of Putnam
Investments Limited (PIL), PIL does not
currently manage any assets. |
0.90% |
26.11% |
16.09% |
12.59% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks high current
income, consistent with
preservation of capital,
with capital appreciation
as a secondary
consideration. Under
normal market
conditions, the fund
invests at least 80% of
its net assets in debt
securities of any
maturity. |
Templeton Global Bond VIP Fund - Class 2
Franklin Advisers, Inc. |
0.75%2 |
2.88% |
(2.13%) |
(0.66%) |
Seeks long-term capital
appreciation by
investing in common
stocks of gold-mining
companies. The Fund
may take current
income into
consideration when
choosing investments. |
VanEck VIP Global Gold Fund (Class S
Shares)
Van Eck Associates Corporation |
1.45%2 |
10.41% |
9.61% |
4.61% |
Seeks to provide a high
level of total return that
is consistent with an
aggressive level of risk. |
Variable Portfolio - Aggressive Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
1.05% |
17.22% |
9.19% |
6.47% |
Seeks to provide a high
level of total return that
is consistent with an
aggressive level of risk. |
Variable Portfolio - Aggressive Portfolio
(Class 4)3 Columbia Management Investment Advisers, LLC |
1.05% |
17.19% |
9.20% |
6.47% |
Seeks to provide a high
level of total return that
is consistent with a
conservative level of
risk. |
Variable Portfolio - Conservative Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
0.88%2 |
8.46% |
2.66% |
2.50% |
Seeks to provide a high
level of total return that
is consistent with a
conservative level of
risk. |
Variable Portfolio - Conservative Portfolio
(Class 4)3 Columbia Management Investment Advisers, LLC |
0.88%2 |
8.39% |
2.64% |
2.50% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Risk Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.02%2 |
12.26% |
5.14% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Risk U.S. Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.00% |
14.54% |
6.90% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Conservative Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.95% |
7.87% |
2.39% |
2.33% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Conservative Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.98% |
9.98% |
3.66% |
3.05% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility Growth
Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.02% |
14.59% |
6.34% |
4.44% |
Pursues total return
while seeking to
manage the Fund’s
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Moderate Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.99% |
12.27% |
5.07% |
3.84% |
Seeks to provide a high
level of total return that
is consistent with a
moderate level of risk. |
Variable Portfolio - Moderate Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
0.97% |
12.96% |
6.12% |
4.63% |
Seeks to provide a high
level of total return that
is consistent with a
moderate level of risk. |
Variable Portfolio - Moderate Portfolio
(Class 4)3 Columbia Management Investment Advisers, LLC |
0.97% |
12.94% |
6.12% |
4.63% |
Seeks to provide a high
level of total return that
is consistent with a
moderately aggressive
level of risk. |
Variable Portfolio - Moderately Aggressive
Portfolio (Class 2)3 Columbia Management Investment Advisers, LLC |
1.01% |
14.93% |
7.56% |
5.50% |
Seeks to provide a high
level of total return that
is consistent with a
moderately aggressive
level of risk. |
Variable Portfolio - Moderately Aggressive
Portfolio (Class 4)3 Columbia Management Investment Advisers, LLC |
1.01% |
14.91% |
7.57% |
5.50% |
Seeks to provide a high
level of total return that
is consistent with a
moderately conservative
level of risk. |
Variable Portfolio - Moderately Conservative
Portfolio (Class 2)3 Columbia Management Investment Advisers, LLC |
0.94% |
10.50% |
4.32% |
3.54% |
Seeks to provide a high
level of total return that
is consistent with a
moderately conservative
level of risk. |
Variable Portfolio - Moderately Conservative
Portfolio (Class 4)3 Columbia Management Investment Advisers, LLC |
0.94% |
10.48% |
4.31% |
3.53% |
Seeks to provide
shareholders with
long-term capital growth. |
Variable Portfolio - Partners Core Equity Fund
(Class 3)
Columbia Management Investment Advisers,
LLC, adviser; J.P. Morgan Investment
Management Inc. and T. Rowe Price
Associates, Inc., subadvisers. |
0.82% |
24.55% |
14.45% |
10.33% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with
long-term capital
appreciation. |
Variable Portfolio - Partners Small Cap Value
Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; Segall Bryant & Hamill, LLC
and William Blair Investment Management,
LLC, subadvisers. |
0.94%2 |
11.26% |
8.34% |
4.83% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Conservative
Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.96% |
11.22% |
3.90% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Growth Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.94% |
16.80% |
6.67% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Moderate
Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.94% |
13.87% |
5.37% |
- |
Seeks long-term capital
appreciation. |
Wanger Acorn
Columbia Wanger Asset Management, LLC |
0.95%2 |
21.74% |
7.51% |
7.20% |
Seeks long-term capital
appreciation. |
Wanger International
Columbia Wanger Asset Management, LLC |
1.14%2 |
16.95% |
6.45% |
3.50% |
Seeks to maximize total
return. |
Western Asset Variable Global High Yield
Bond Portfolio - Class II
Legg Mason Partners Fund Adviser, LLC;
Western Asset Management Company, LLC,
Western Asset Management Company
Limited & Western Asset Management Pte.
Ltd., sub-advisors. |
1.08% |
9.96% |
3.17% |
2.63% |
Amount requested |
or |
$1,000 |
= |
$1,075.27 |
1.00 – surrender charge |
.93 |
Surrender Charge |
Explanation |
$0 |
$2,500 is contract earnings surrendered without charge; and |
0 |
$300 is 10% of the prior anniversary contract value that is in excess of contract earnings surrendered
without charge (from above). 10% of $28,000 = $2,800 – $2,500 = $300 |
0 |
$10,000 payment was received eight or more years before surrender and is surrendered without surrender
charge; and |
480 |
$8,000 payment is surrendered with a 6% surrender charge since there have been 3 completed years from
date of purchase payment; and |
420 |
$6,000 payment is surrendered with a 7% surrender charge since there has been 1 completed year from
date of purchase payment. |
$900 |
|
We calculate the death benefit as follows: |
|
| ||
The maximum anniversary value immediately preceding the date of death plus any payments made since
that anniversary minus adjusted partial surrenders: |
|
| ||
|
Greatest of your contract anniversary contract values: |
$24,000 |
| |
|
plus purchase payments made since that anniversary: |
+0 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
| |
|
($1,500 × $24,000) |
= |
–1,636
|
|
|
$22,000 |
|
| |
|
for a death benefit of: |
$22,364 |
|
MAV death benefit amount (contract value): |
$110,000 |
plus the EEB which equals 40% of earnings at death (MAV death benefit amount minus payments not
previously surrendered): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value): |
$110,000 |
plus the EEB (40% of earnings at death): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |
| ||
$110,000 – |
($50,000 × $110,000) |
= |
$57,619 |
$105,000 |
| ||
plus the EEB (40% of earnings at death): |
| ||
0.40 × ($57,619 – $55,000) = |
+1,048 | ||
Total death benefit of: |
$58,667 |
MAV death benefit amount (contract value): |
$200,000 |
plus the EEB (40% of earnings at death): |
|
0.40 × 2.50 × ($55,000) = |
+55,000 |
Total death benefit of: |
$255,000 |
MAV death benefit amount (contract value): |
$250,000 |
plus the EEB (40% of earnings at death): |
|
0.40 × 2.50 × ($55,000) = |
+55,000 |
Total death benefit of: |
$305,000 |
MAV death benefit amount (contract value): |
$250,000 |
plus the EEB which equals 40% of earnings at death (the standard death benefit amount minus payments
not previously surrendered): |
|
0.40 × ($250,000 – $105,000) = |
+58,000 |
Total death benefit of: |
$308,000 |
MAV death benefit amount (contract value): |
$110,000 |
plus the EEP Part I which equals 40% of earnings at death (the MAV death benefit amount minus
purchase payments not previously surrendered): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value): |
$110,000 |
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: |
$124,000 |
MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |
|
$110,000 – |
($50,000 × $110,000) |
= |
$57,619 |
$105,000 |
| ||
plus the EEP Part I (40% of earnings at death): |
| ||
0.40 × ($57,619 – $55,000) = |
+1,048 | ||
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 × $55,000 = |
+5,500 | ||
Total death benefit of: |
$64,167 |
MAV death benefit amount (contract value): |
$200,000 |
plus the EEP Part I (40% of earnings at death): |
|
0.40 × (2.50 × $55,000) = |
+55,000 |
plus the EEP Part II which after the fourth contract year equals 20% of exchange purchase payments
identified at issue and not previously surrendered: |
|
0.20 × $55,000 = |
+11,000 |
Total death benefit of: |
$266,000 |
MAV death benefit amount (contract value): |
$250,000 |
plus the EEP Part I (40% of earnings at death): |
|
0.40 × (2.50 × $55,000) = |
+55,000 |
plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments
identified at issue and not previously surrendered: |
|
0.20 × $55,000 = |
+11,000 |
Total death benefit of: |
$316,000 |
MAV death benefit amount (contract value): |
$250,000 |
plus the EEP Part I which equals 40% of earnings at death (the MAV death benefit minus payments not
previously surrendered): |
|
0.40 × ($250,000 – $105,000) = |
+58,000 |
plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments
identified at issue and not previously surrendered: |
|
0.20 × $55,000 = |
+11,000 |
Total death benefit of: |
$319,000 |
Issued by: |
RiverSource Life Insurance Company (RiverSource Life) |
|
70100 Ameriprise Financial Center Minneapolis, MN 55474 Telephone: 1-800-862-7919 (Service Center) ameriprise.com/variableannuities RiverSource Variable Account 10 |
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6 | |
10
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12 | |
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22 | |
22
| |
23 | |
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| |
24 | |
25
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26 | |
26
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26 | |
26
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26 | |
26
| |
29 | |
29
| |
30 | |
30
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30 | |
30
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30 | |
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33 | |
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34 | |
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34 | |
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34 | |
34
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35 | |
35
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35 | |
35
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35
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37
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37 | |
38
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39
| |
42 | |
45
| |
46 | |
47
| |
47 | |
47
| |
47 | |
48
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50 | |
57
| |
58 | |
60
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60 | |
60
| |
61 | |
62
| |
63 | |
64
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65 | |
65
| |
68 | |
68
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74 | |
74
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75 | |
76
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76 | |
78
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80 | |
80
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81
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81 | |
81
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82 | |
83
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84 | |
96
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98 | |
103
| |
108 |
|
FEES AND EXPENSES
|
Location in
Statutory
Prospectus | ||
Charges for Early
Withdrawals |
Each Contract provides for different surrender charge periods and
percentages. In addition to the surrender charge, we may reverse a
purchase payment credit upon certain withdrawals within 12 months
of when the purchase payment credit was applied.
RAVA Advantage Plus. You may select either a seven-year or ten-year surrender charge schedule at the time of application. If you select a seven-year surrender charge schedule and you withdraw money during the first 7 years from date of each purchase payment, you may be assessed a
surrender charge of up to 7% of the purchase payment withdrawn. If you
elect a ten-year surrender charge schedule and you withdraw money
during the first 10 years from date of each purchase payment, you
may be assessed a surrender charge of up to 8% of the purchase
payment withdrawn. For example, if you select a seven-year
surrender charge schedule and make an early withdrawal, you could
pay a surrender charge of up to $7,000 on a $100,000 investment.
If you select a ten-year surrender charge schedule and make an
early withdrawal, you could pay a surrender charge of up to
$8,000 on a $100,000 investment. RAVA Select
Plus. If you withdraw money during the first 3 years from the
contract date, you may be assessed a surrender charge of up to 7% of the purchase payment withdrawn. For RAVA Select Plus contracts in Texas, if you withdraw money during the first 3 years from the contract date, you may be assessed a surrender charge of up to 8% of the purchase payment withdrawn. For example, if you make a withdrawal in the first year, you could pay a
withdrawal charge of up to $7,000 on a $100,000 investment ($8,000 on
a $100,000 investment for RAVA Select Plus contracts in Texas). |
Fee Table and
Examples
Charges–
Surrender Charge | ||
Transaction
Charges |
We do not assess any transaction charges. |
|
|
FEES AND EXPENSES
|
Location in
Statutory
Prospectus | ||
Ongoing Fees and
Expenses (annual
charges) |
The table below describes the current fees and expenses that you may pay
each year, depending on the options you choose. Please refer to
your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected. |
Fee Table and
Examples
Expenses –
Product Charges
Appendix A: Funds
Available Under
the Contract | ||
Annual Fee |
Minimum |
Maximum | ||
Base Contract(1) (varies by Contract and tax
qualification) |
0.58% |
1.23% | ||
Fund options
(Funds fees and expenses)(2) |
0.38%
|
2.38%
| ||
Optional benefits available for an
additional charge
(for a single optional benefit, if
elected)(3) |
0.10% |
2.50% | ||
(1) As a percentage of average daily contract value in the variable account. Includes the
Mortality and Expense Fee and contract administrative charge.
(2) As a percentage of Fund net assets.
(3) As a percentage of Contract Value. The Minimum is a percentage of average daily contract value in the Variable Account. The Maximum is a percentage of the greater of Contract Value or applicable guaranteed benefit amount (varies by optional
benefit). Because your Contract is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your Contract,
the following table shows the lowest and highest cost you could pay each
year, based on current charges. This estimate assumes that you do
not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. | ||||
Lowest Annual Cost:
$1,440
|
Highest Annual Cost:
$4,161
| |||
Assumes:
•Investment of $100,000 •5% annual appreciation
•Least expensive combination of Contract features and Fund fees
and expenses
•No optional benefits •No sales charge
•No additional purchase payments, transfers or withdrawals •No purchase payment credits |
Assumes:
•Investment of $100,000 •5% annual appreciation
•Most expensive combination of Contract features, optional
benefits and Fund fees and
expenses
•No sales charge •No additional purchase payments,
transfers or withdrawals
•No purchase payment credits | |||
|
RISKS |
| ||
Risk of Loss |
You can lose money by investing in this Contract including loss of principal. |
Principal Risks | ||
Not a Short-Term
Investment |
•The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. •Contracts have surrender charges, which may reduce the value of your Contract if you withdraw money during the surrender charge period.
Surrenders may also reduce or terminate contract guarantees.
•The benefits of tax deferral, long-term income, and optional living benefit
guarantees mean the contract is generally more beneficial to investors
with a long term investment horizon. |
Principal Risks
Charges–
Surrender Charge |
|
RISKS |
Location in
Statutory
Prospectus | ||
Risks Associated
with Investment
Options |
•An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract. •Each investment option (including under any Fixed Account investment
options) has its own unique risks.
•You should review the investment options before making any investment decisions. |
Principal Risks
The Variable Account and the
FundsThe Guarantee Period Accounts (GPAs) The Fixed Account | ||
Insurance
Company Risks |
An investment in the Contract is subject to the risks related to us. Any
obligations (including under the Fixed Account) or guarantees and benefits
of the Contract that exceed the assets of the Separate Account are subject
to our claims-paying ability. If we experience financial distress, we may not
be able to meet our obligations to you. More information about
RiverSource Life, including our financial strength ratings, is
available by contacting us at 1-800-862-7919. |
Principal Risks
The General
Account | ||
|
RESTRICTIONS |
| ||
Investments |
•Subject to certain restrictions, you may transfer your Contract value among the subaccounts without charge at any time before the settlement date, and once per contract year after the settlement date.
•Certain transfers out of the GPAs will be subject to an MVA. •GPAs and the regular Fixed Account are subject to certain restrictions. •We reserve the right to modify, restrict or suspend your transfer
privileges if we determine that your transfer activity
constitutes market timing.
•We reserve the right to add, remove or substitute Funds as investment options. We also reserve the right, upon notification to you, to close or
restrict any Funds. |
Making the Most
of Your Contract –
Transferring
Among Accounts
Substitution of
Investments | ||
Optional Benefits |
•Certain optional benefits limit or restrict the investment options you may
select under the Contract. If you later decide you do not want to invest in
those approved investment options, you must request a full
surrender. •Certain optional benefits may limit subsequent purchase payments. •Withdrawals in excess of the amount allowed under certain optional
benefits may substantially reduce the benefit or even terminate
the benefit. |
Buying Your
Contract —Purchase Payments Appendix A: Funds Available Under the Optional Benefits Offered Under the Contract | ||
|
TAXES |
| ||
Tax Implications |
•Consult with a tax advisor to determine the tax implications of an investment in and payments and withdrawals received under this Contract. •If you purchase the Contract through a tax-qualified plan or
individual retirement account, you do not get any additional tax
benefit. •Earnings under your contract are taxed at ordinary income tax rates generally when withdrawn. You may have to pay a tax penalty if you take
a withdrawal before age 59½. |
Taxes |
|
CONFLICTS OF INTEREST
|
Location in
Statutory
Prospectus | ||
Investment
Professional
Compensation |
Your investment professional may receive compensation for selling this
Contract to you, in the form of commissions, additional cash benefits (e.g., bonuses), and non-cash compensation. This financial incentive may influence your investment professional to recommend this Contract over another investment for which the investment professional is not compensated or compensated less. |
About the Service
Providers | ||
Exchanges |
If you already own an annuity or insurance Contract, some investment
professionals may have a financial incentive to offer you a new Contract in
place of the one you own. You should only exchange a Contract you already
own if you determine, after comparing the features, fees, and risks of both
Contracts, that it is better for you to purchase the new Contract rather than continue to own your existing Contract. |
Buying Your
Contract – Contract
Exchanges |
Surrender charges (as a percentage of purchase
payments surrendered)(1) |
RAVA Advantage Plus ten-year schedule |
RAVA Advantage Plus seven-year schedule |
RAVA Select Plus |
RAVA Select Plus Texas |
Maximum |
8 % |
7 % |
7 % |
8 % |
Number of completed years from date of each purchase payment |
0 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
RAVA Advantage Plus
ten-year schedule* |
8% |
8% |
8% |
7% |
7% |
6% |
5% |
4% |
3% |
2% |
0% |
RAVA Advantage Plus
seven-year schedule |
7% |
7% |
7% |
6% |
5% |
4% |
2% |
0% |
|
|
|
Years from Contract Date |
1 |
2 |
3 |
Thereafter | |||||||
RAVA Select Plus (except Texas) |
7% |
7% |
7% |
0% |
|
|
|
|
|
|
|
|
Surrender charge percentage (as a percentage of purchase payments surrendered) in contract year | |||
Payments made in contract year*** |
1 |
2 |
3 |
Thereafter |
1 |
8 % |
7 % |
6 % |
0 % |
2 |
|
8 |
7 |
0 |
3 |
|
|
8 |
0 |
Thereafter |
|
|
|
0 |
Annual contract administrative charge |
Maximum: $50 |
Current: $50* |
RAVA Advantage Plus
for nonqualified annuities |
Maximum/Current: 0.95% |
RAVA Advantage Plus
for qualified annuities |
Maximum/Current:
0.75% |
RAVA Select Plus
for nonqualified annuities |
Maximum/ Current: 1.20% |
RAVA Select Plus
for qualified annuities |
Maximum/ Current: 1.00% |
RAVA Advantage Plus Band 3 |
Maximum/ Current: 0.55% |
RAVA Select Plus Band 3 |
Maximum/Current:
0.75% |
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(1) |
Maximum: 0.00% |
Current: 0.00% |
Accumulation Benefit rider fee |
Maximum annual rider fee |
Initial annual rider fee and annual rider fee for elective step-ups before 10/20/12 |
|
2.50% |
0.60% |
Elective step up date: |
If invested in Portfolio Navigator fund at the time of step-up: |
If invested in Portfolio Stabilizer fund at the time of step-up: |
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% |
Withdrawal Benefit rider fee |
Maximum: 2.50% |
Initial: 0.60%(2) |
Fund name |
Maximum
annual
rider fee |
Current annual rider fee
as of 12/18/13 |
Portfolio Stabilizer funds |
2.50 % |
0.60 % |
Portfolio Navigator funds: |
|
|
Variable Portfolio – Conservative Portfolio (Class 2), (Class 4)
|
2.50 % |
0.60 % |
Variable Portfolio – Moderately Conservative Portfolio (Class 2), (Class
4) |
2.50 % |
0.60 % |
Fund name |
Maximum
annual
rider fee |
Current annual rider fee
as of 12/18/13 |
Variable Portfolio – Moderate Portfolio (Class 2), (Class 4)
|
2.50 % |
0.60 % |
Variable Portfolio – Moderately Aggressive Portfolio (Class 2), (Class
4) |
2.50 % |
0.90 % |
Variable Portfolio – Aggressive Portfolio (Class 2), (Class 4)
|
2.50 % |
1.05 % |
Total Annual Fund Expenses |
Minimum(%) |
Maximum(%) |
(expenses deducted from the Fund assets, including management fees, distribution and/or service
(12b-1) fees and other expenses) |
0.38 |
2.38 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Nonqualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA Advantage Plus |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$12,491 |
$22,040 |
$31,537 |
$51,899 |
$5,241 |
$15,686 |
$26,081 |
$51,849 |
With a seven-year surrender charge
schedule |
11,591 |
21,139 |
29,735 |
51,899 |
5,241 |
15,686 |
26,081 |
51,849 |
RAVA Select Plus |
11,840 |
16,439 |
27,231 |
53,852 |
5,490 |
16,389 |
27,181 |
53,802 |
RAVA Select Plus – Texas |
11,840 |
16,439 |
27,231 |
53,852 |
5,490 |
16,389 |
27,181 |
53,802 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Qualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA Advantage Plus |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$12,293 |
$21,473 |
$30,643 |
$50,381 |
$5,043 |
$15,122 |
$25,192 |
$50,331 |
With a seven-year surrender charge
schedule |
11,393 |
20,572 |
28,843 |
50,381 |
5,043 |
15,122 |
25,192 |
50,331 |
RAVA Select Plus |
11,641 |
15,877 |
26,352 |
52,273 |
5,291 |
15,827 |
26,302 |
52,223 |
RAVA Select Plus – Texas |
11,641 |
15,877 |
26,352 |
52,273 |
5,291 |
15,827 |
26,302 |
52,223 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Band 3 Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA Advantage Plus – Band 3 |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$12,103 |
$20,932 |
$29,787 |
$48,833 |
$4,844 |
$14,555 |
$24,296 |
$48,783 |
With a seven-year surrender charge
schedule |
11,202 |
20,028 |
27,973 |
48,833 |
4,844 |
14,555 |
24,296 |
48,783 |
RAVA Select Plus – Band 3 |
11,393 |
15,172 |
25,242 |
50,381 |
5,043 |
15,122 |
25,192 |
50,331 |
RAVA Select Plus – Texas – Band 3 |
11,393 |
15,172 |
25,242 |
50,381 |
5,043 |
15,122 |
25,192 |
50,331 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Nonqualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA Advantage Plus |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$8,900 |
$11,290 |
$13,380 |
$16,144 |
$1,363 |
$4,240 |
$7,330 |
$16,094 |
With a seven-year surrender charge schedule |
7,964 |
10,290 |
11,380 |
16,144 |
1,363 |
4,240 |
7,330 |
16,094 |
RAVA Select Plus |
8,203 |
5,075 |
8,714 |
18,944 |
1,620 |
5,025 |
8,664 |
18,894 |
RAVA Select Plus – Texas |
8,203 |
5,075 |
8,714 |
18,944 |
1,620 |
5,025 |
8,664 |
18,894 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Qualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA Advantage Plus |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$8,712 |
$10,660 |
$12,304 |
$13,854 |
$1,158 |
$3,610 |
$6,254 |
$13,804 |
With a seven-year surrender charge schedule |
7,774 |
9,660 |
10,304 |
13,854 |
1,158 |
3,610 |
6,254 |
13,804 |
RAVA Select Plus |
8,012 |
4,447 |
7,648 |
16,710 |
1,415 |
4,397 |
7,598 |
16,660 |
RAVA Select Plus – Texas |
8,012 |
4,447 |
7,648 |
16,710 |
1,415 |
4,397 |
7,598 |
16,660 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Band 3 Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA Advantage Plus – Band 3 |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$8,523 |
$10,027 |
$11,218 |
$11,520 |
$953 |
$2,977 |
$5,168 |
$11,470 |
With a seven-year surrender charge schedule |
7,583 |
9,027 |
9,218 |
11,520 |
953 |
2,977 |
5,168 |
11,470 |
RAVA Select Plus – Band 3 |
7,774 |
3,660 |
6,304 |
13,854 |
1,158 |
3,610 |
6,254 |
13,804 |
RAVA Select Plus – Texas – Band 3 |
7,774 |
3,660 |
6,304 |
13,854 |
1,158 |
3,610 |
6,254 |
13,804 |
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 |
|
RAVA Advantage Plus |
RAVA Select Plus |
If paying by any other method: initial payment for qualified annuities
|
$1,000 |
$2,000 |
initial payment for nonqualified annuities |
2,000 |
10,000 |
for any additional payments |
50 |
50 |
|
RAVA Advantage Plus |
RAVA Select Plus |
For the first year: through age 85 |
$999,999 |
$999,999 |
for ages 86 to 90 |
100,000 |
100,000 |
For each subsequent year: through age 85 |
100,000 |
100,000 |
for ages 86 to 90 |
50,000 |
50,000 |
Ten-year schedule* |
Seven-year schedule | ||
Number of completed years from date of each purchase payment** |
Surrender charge percentage |
Number of completed years from date of each purchase payment** |
Surrender charge percentage |
0 |
8 % |
0 |
7 % |
1 |
8 |
1 |
7 |
2 |
8 |
2 |
7 |
3 |
7 |
3 |
6 |
4 |
7 |
4 |
5 |
5 |
6 |
5 |
4 |
6 |
5 |
6 |
2 |
7 |
4 |
7 + |
0 |
8 |
3 |
|
|
9 |
2 |
|
|
10 + |
0 |
|
|
Contract year*** |
Surrender charge percentage |
1 |
7 % |
2 |
7 |
3 |
7 |
Thereafter |
0 |
|
Surrender charge percentage (as a percentage of purchase payments surrendered) in contract year | |||
Payments made in contract year*** |
1 |
2 |
3 |
Thereafter |
1 |
8 % |
7 % |
6 % |
0 % |
2 |
|
8 |
7 |
0 |
3 |
|
|
8 |
0 |
Thereafter |
|
|
|
0 |
Number of Completed Years Since Annuitization |
Surrender charge percentage |
0 |
Not applicable* |
1 |
5% |
Number of Completed Years Since Annuitization |
Surrender charge percentage |
2 |
4 |
3 |
3 |
4 |
2 |
5 |
1 |
6 and thereafter |
0 |
RAVA Advantage Plus
for nonqualified annuities |
Maximum/Current: 0.95% |
RAVA Advantage Plus
for qualified annuities |
Maximum/Current: 0.75% |
RAVA Select Plus
for nonqualified annuities |
Maximum/Current: 1.20% |
RAVA Select Plus
for qualified annuities |
Maximum/Current: 1.00% |
RAVA Advantage Plus Band 3 |
Maximum/Current: 0.55% |
RAVA Select Plus Band 3 |
Maximum/Current:
0.75% |
Accumulation Benefit rider fee |
Maximum annual rider fee |
Initial annual rider fee and annual rider fee for elective step-ups before 10/20/12 |
|
2.50% |
0.60% |
Elective step up date: |
If invested in Portfolio Navigator fund at the time of step-up: |
If invested in Portfolio Stabilizer fund at the time of step-up: |
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% |
Fund name |
Maximum annual rider fee |
Initial annual rider fee |
Current annual rider fee
as of 12/18/13 |
Portfolio Stabilizer funds |
2.50 % |
0.60 % |
0.60 % |
Portfolio Navigator funds: |
|
|
|
Variable Portfolio – Conservative Portfolio (Class 2), (Class 4)
|
2.50 % |
0.60 % |
0.60 % |
Variable Portfolio – Moderately Conservative Portfolio (Class 2),
(Class 4) |
2.50 % |
0.60 % |
0.60 % |
Variable Portfolio – Moderate Portfolio (Class 2), (Class 4)
|
2.50 % |
0.60 % |
0.60 % |
Variable Portfolio – Moderately Aggressive Portfolio (Class 2),
(Class 4) |
2.50 % |
0.60 % |
0.90 % |
Variable Portfolio – Aggressive Portfolio (Class 2), (Class 4)
|
2.50 % |
0.60 % |
1.05 % |
By investing an equal number
of dollars each month |
|
Month |
Amount invested |
Accumulation unit value |
Number of units purchased |
|
|
Jan |
$100 |
$20 |
5.00 |
|
|
Feb |
100 |
18 |
5.56 |
you automatically buy
more units when the
per unit market price is low |
|
Mar |
100 |
17 |
5.88 |
→ |
Apr |
100 |
15 |
6.67 | |
|
|
May |
100 |
16 |
6.25 |
|
|
June |
100 |
18 |
5.56 |
|
|
July |
100 |
17 |
5.88 |
and fewer units
when the per unit
market price is high. |
|
Aug |
100 |
19 |
5.26 |
→ |
Sept |
100 |
21 |
4.76 | |
|
|
Oct |
100 |
20 |
5.00 |
By spreading the investment over the term of the Special DCA |
|
Date |
SDCA Balance |
Portion Transferred |
Amount Transferred |
Accumulation unit value |
Number of units purchased |
you automatically buy
more units when the
per unit market price is low |
|
Jan 15 |
$10,000.00 |
|
|
|
|
|
Jan 22 |
10,002.86 |
1/6 |
$1,667.14 |
$18 |
92.62 | |
→ |
Feb 22 |
8,346.26 |
1/5 |
1,669.25 |
15 |
111.28 | |
and fewer units when the per unit market price is high. |
|
Mar 22 |
6,684.64 |
1/4 |
1,671.16 |
19 |
87.96 |
|
April 22 |
5,019.83 |
1/3 |
1,673.28 |
17 |
98.43 | |
→ |
May 22 |
3,350.64 |
1/2 |
1,675.32 |
21 |
79.78 | |
|
|
Jun 22 |
1,677.44 |
1/1 |
1,677.44 |
20 |
83.87 |
Minimum amount |
|
Transfers or surrenders: |
$250 or entire account balance |
Maximum amount |
|
Transfers or surrenders: |
Contract value or entire account balance |
Minimum amount |
|
Transfers or surrenders: |
$50 |
Maximum amount |
|
Transfers or surrenders: |
None (except for automated transfers from the fixed account) |
Minimum amount |
|
Transfers or surrenders: |
$250 or entire account balance |
Maximum amount |
|
Transfers: |
Contract value or entire account balance |
Surrenders: |
$100,000 |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Standard Benefits (no additional charge) | ||||
Dollar Cost
Averaging |
Allows the systematic transfer
of a specified dollar amount
among the subaccounts or
from the regular fixed account
to one or more eligible
subaccounts |
N/A |
N/A |
•Not allowed to the GPAs, the regular fixed account or the Special DCA fixed account •Not allowed if the PN
program is in effect, except
in connection with the a
Special DCA fixed account
•Not available with a living benefit |
Special Dollar
Cost Averaging
(SDCA) |
Allows the systematic transfer
from the Special DCA fixed account to one or more
eligible subaccounts |
N/A |
N/A |
•Must be funded with a purchase payment of at least $10,000, not transferred contract value
•Only 6-month option are available •Transfers occur on a
monthly basis and the first
monthly transfer occurs
seven days after we receive
your purchase payment
•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. Certain exceptions apply |
Asset
Rebalancing |
Allows you to have your
investments periodically
rebalanced among the
subaccounts to your
pre-selected percentages |
N/A |
N/A |
•You must have $2,000 in Contract Value to
participate.
•We require 30 days notice for you to change or cancel the program •You can request rebalancing
to be done either quarterly,
semiannually or annually
•Other restrictions may apply under the Portfolio Navigator Program |
Portfolio
Navigator (PN)
Program and
Portfolio
Stabilizer funds |
Your contract value is
allocated to the PN program
investment options or Portfolio
Stabilizer funds |
N/A |
N/A |
•Required for contracts with
living benefit riders |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Automated
Partial
Surrenders/
Systematic
Withdrawals |
Allows automated partial
surrenders from the contract |
N/A |
N/A |
•Additional systematic payments are not allowed with automated partial surrenders •For contracts with a
Withdrawal Benefit rider, you
may set up automated
partial surrenders up to the
benefit available for
withdrawals under the rider
•May result in income taxes and IRS penalty on all or a portion of amounts surrendered |
Nursing Home or
Hospital
Confinement |
Allows you to
withdraw contract
value without a
surrender charge |
N/A |
N/A |
•You must be under age 76 on the contract issue date and the confinement must start after the contract issue date •You must be confined to a
hospital or nursing home for
the prior 60 days
•Amount withdrawn must be paid directly to you • Contract value is reduced
by any purchase payment
credits credited within 12
months of a withdrawal |
Terminal Illness |
Allows you to withdraw
contract value without a
surrender charge |
N/A |
N/A |
•You must be under age 76
on the date the contract was
issued
• Must be terminally ill and not expected to live more than 12 months; a licensed physician certifies to your illness, life expectancy and the date the terminal illness was initially diagnosed •Amount withdrawn must be
paid directly to you
• Contract value is reduced by any purchase payment credits credited within 12 months of a withdrawal |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Standard Death
Benefit
(available for
contract owners
age 75 and
younger at issue) |
Provides a minimum death
benefit equal to the greater of
Contract Value, less any
purchase payment credits
subject to reversal, less any
applicable rider charges or
purchase payment minus
adjusted partial surrenders |
N/A |
N/A |
•Withdrawals will proportionately reduce the benefit, which means your benefit could be reduced by more than the dollar amount of your withdrawals, and such reductions could be significant •Annuitizing the Contract
terminates the benefit
• Contract Value is reduced by any purchase payment credits and any applicable rider charges applied within 12 months of the date of death • When we calculate this
death benefit, we do not
consider purchase payments
credits as part of any
purchase payments, and
contract value is reduced by
any purchase payment
credits applied within 12
months of death and any
applicable rider charges. |
Standard Death
Benefit
(available if any
contract owner
is age 76 and
older at issue) |
Provides a minimum death
benefit equal to the Contract Value, less any purchase
payment credits subject to
reversal less any applicable
rider charges |
N/A |
N/A |
•Annuitizing the Contract
terminates the benefit
•Contract Value is reduced by any purchase payment credits and any applicable rider charges applied within 12 months of the date of death • When we calculate this
death benefit, we do not
consider purchase payments
credits as part of any
purchase payments, and
contract value is reduced by
any purchase payment
credits applied within 12
months of death and any
applicable rider charges. |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Optional Benefits | ||||
ROPP Death
Benefit |
PProvides a minimum death
benefit equal to the greater of
Contract Value, less any
purchase payment credits
subject to reversal, less any
applicable rider charges or
purchase payment minus
adjusted partial surrenders |
0.30% of
contract value
in the variable
account |
0.20% |
•Available if any owner is
age 76 and older
•Must be elected at contract issue •Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals, and
such reductions could be
significant
•Annuitizing the Contract terminates the benefit • When we calculate this
death benefit, we do not
consider purchase payments
credits as part of any
purchase payments, and
contract value is reduced by
any purchase payment
credits applied within 12
months of death and any
applicable rider charges.
• Contract Value is reduced by any purchase payment credits and any applicable rider charges applied within 12 months of the date of death and any applicable rider charges |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
MAV Death
Benefit |
Increases the guaranteed
death benefit to the highest
anniversary contract value,
plus subsequent purchase
payments made to the
contract adjusted for any
partial surrenders |
0.35% of
contract value
in the variable
account |
0.25% |
•Available to owners age 75
and younger
•Must be elected at contract issue •No longer eligible to
increase on any contract
anniversary on/after your
81st birthday.
•Withdrawals will proportionately reduce the benefit, which means your benefit could be reduced by more than the dollar amount of your withdrawals. Such reductions could be significant. •Annuitizing the Contract
terminates the benefit
•When we calculate this death benefit, we do not consider purchase payment credits as part of your purchase payments •Contract Value is reduced by
any purchase payment
credits applied within 12
months of death and any
applicable rider charges |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
5-year MAV
Death Benefit |
Increases the guaranteed
death benefit to the highest
5th anniversary contract value
plus subsequent purchase
payments made to the
contract adjusted for any
partial surrenders |
0.20% of
contract value
in the variable
account |
0.10% |
•Available to owners age 75 and younger •Must be elected at contract
issue
•No longer eligible to increase on any contract anniversary on/after your 81st birthday •Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals. Such
reductions could be
significant
•Annuitizing the Contract terminates the benefit •When we calculate this
death benefit, we do not
consider purchase payment
credits as part of your
purchase payments
•Contract Value is reduced by any purchase payment credits applied within 12 months of death and any applicable rider charges |
Enhanced
Earnings Death
Benefit (EEB) |
Provides an additional death
benefit, based on a
percentage of contract
earnings, to help offset
expenses after death such as
funeral expenses or federal
and state taxes |
0.40% of
contract value
in the variable
account |
0.30% |
•Available to owners age 75
and younger
•Must be elected at contract issue •Available with MAV and
5-year MAV
•For contract owners age 70 and older at the rider effective date, the benefit decreases from 40% to 15% of earnings •Annuitizing the Contract
terminates the benefit
•When we calculate this death benefit, we do not consider purchase payment credits as part of your purchase payments •Contract Value is reduced by
any purchase payment
credits applied within 12
months of death and any
applicable rider charges |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Enhanced
Earnings Plus
Death Benefit (EEP) |
Provides an additional death
benefit based on a percentage
of contract earnings and a
percentage of exchange
purchase payments, to help
offset expenses after death
such as funeral expenses or
federal and state taxes |
0.50% of
contract value
in the variable
account |
0.40% |
•Available only under
annuities purchase through
an exchange or direct
transfer from another
annuity or a life insurance
policy
•Exchange purchase payments must be identified at issue, received within 6 months from issue, and not be previously surrendered •Available to owners age 75
and younger
•Must be elected at contract issue •Available with MAV and
5-year MAV
•Annuitizing the Contract terminates the benefit •When we calculate this
death benefit, we do not
consider purchase payment
credits as part of your
purchase payments
•Contract Value is reduced by any purchase payment credits applied within 12 months of death and any applicable rider charges •For contract owners age 70
and older at the rider
effective date, the benefit
decreases from 40% to 15%
of earnings. The percentage
of exchange purchase
payments varies by age is
subject to a vesting
schedule |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Withdrawal
Benefit
rider/Enhanced
Withdrawal
Benefit rider |
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. |
2.50% of
contract value |
Varies by issue
date, elective
step up date
and the fund
selected |
•Available to owners age 80 or younger •Must be elected at contract
issue
•Not available under an inherited qualified annuity, 401 (a) and 401(k) plans •Subject to Investment
Allocation restrictions
•Certain withdrawals could significantly reduce the guaranteed amounts under the rider and the rider will terminate if the contract
value goes to zero due to an excess withdrawal •Withdrawals during the
3-year waiting period will
reverse any prior step-ups
•Limits additional purchase payments |
Guaranteed
Minimum
Accumulation
Benefit
(Accumulation
Benefit) rider |
Provides 100% of initial
investment or 80% of highest
contract anniversary value
(adjusted for partial
surrenders) at the end of
10 year waiting period,
regardless of investment
performance |
2.50% of
contract value or the Minimum Contract Accumulation Value, whichever is greater |
Varies by issue
date, elective
step up date
and fund
selected |
•Available to owners age 80
or younger
•Must be elected at contract issue •Not available under 401
(a) and 401(k) plans
•Withdrawals will proportionately reduce the benefit, which means your benefit could be reduced by more than the dollar amount of your withdrawals. Such reductions could be significant •The rider ends when the
Waiting Period expires
•Limits additional purchase payments •Subject to Investment
Allocation restrictions
•Elective Step ups restart the Waiting Period |
Adjusted partial surrenders |
= |
PS × DB |
CV |
PS |
= |
the partial surrender including any applicable surrender charge. |
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. |
We calculate the death benefit as follows: |
| ||
The total purchase payments minus adjustments for partial surrenders: |
| ||
Total purchase payments |
$20,000 | ||
minus adjusted partial surrenders, calculated as: |
| ||
|
$1,500 × $20,000 |
= |
–1,667 |
|
$18,000 |
| |
|
for a death benefit of: |
$18,333 |
Adjusted partial surrenders for the ROPP death benefit |
= |
PS × DB |
CV |
PS |
= |
the partial surrender including any applicable surrender charge. |
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. |
Contract year |
Percentage if you are under age
70 on the rider effective date |
Percentage if you are 70 or
older on the rider effective date |
One and Two |
0 % |
0 % |
Three and Four |
10 % |
3.75 % |
Five or more |
20 % |
7.5 % |
Contract year |
If you are under age 70 on
the rider effective date, add… |
If you are age 70 or older on
the rider effective date, add…. |
1 |
Zero |
Zero |
2 |
40% x earnings at death
(see above) |
15% x earnings at death |
3 & 4 |
40% x (earnings at death + 25%
of exchange purchase payment*) |
15% x (earnings at death + 25%
of exchange purchase payment*) |
5+ |
40% x (earnings at death + 50% of exchange purchase payment*) |
15% x (earnings at death + 50% of exchange purchase payment*) |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to maximize total
return consistent with
AllianceBernstein's
determination of
reasonable risk. |
AB VPS Dynamic Asset Allocation Portfolio
(Class B)1 AllianceBernstein L.P. |
1.10%2 |
13.48% |
4.03% |
3.22% |
Seeks long-term growth
of capital. |
AB VPS International Value Portfolio
(Class B)
AllianceBernstein L.P. |
1.15% |
14.83% |
5.55% |
1.83% |
Seeks long-term growth
of capital. |
AB VPS Relative Value Portfolio (Class B)
AllianceBernstein L.P. |
0.86%2 |
11.72% |
11.57% |
9.05% |
Seeks long-term growth
of capital. |
AB VPS Sustainable Global Thematic
Portfolio (Class B)
AllianceBernstein L.P. |
1.17%2 |
15.70% |
13.27% |
9.33% |
Seeks long-term capital
appreciation. |
Allspring VT Opportunity Fund - Class 2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
sub-adviser. |
1.00%2 |
26.50% |
14.74% |
10.32% |
Seeks long-term capital
appreciation. |
Allspring VT Small Cap Growth Fund -
Class 2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
sub-adviser. |
1.17% |
4.11% |
7.68% |
6.60% |
The Portfolio seeks
investment results that
correspond (before fees
and expenses) generally
to the price and yield
performance of its
underlying index, the
Alerian Midstream
Energy Select Index (the
"Index"). |
ALPS | Alerian Energy Infrastructure
Portfolio: Class III
ALPS Advisors, Inc. |
1.30%2 |
13.91% |
10.67% |
2.70% |
Seeks high total
investment return. |
BlackRock Global Allocation V.I. Fund
(Class III)
BlackRock Advisors, LLC, adviser; BlackRock
(Singapore) Limited and BlackRock
International Limited, sub-advisers. |
1.02%2 |
12.49% |
7.39% |
4.63% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to achieve a
competitive total return
through an actively
managed portfolio of
stocks, bonds and
money market
instruments which offer
income and capital
growth opportunity. |
Calvert VP SRI Balanced Portfolio - Class I
Calvert Research and Management |
0.65% |
16.82% |
10.27% |
7.46% |
Seeks long-term growth
of capital. |
ClearBridge Variable Small Cap Growth
Portfolio - Class I
Legg Mason Partners Fund Advisor, LLC,
investment manager; ClearBridge
Investments, LLC, sub-adviser. (Western
Asset Management Company manages the
portion of cash and short-term investments
allocated to it) |
0.80% |
8.40% |
9.56% |
7.89% |
Seeks maximum total
investment return
through a combination
of capital growth and
current income. |
Columbia Variable Portfolio - Balanced Fund
(Class 3)
Columbia Management Investment Advisers,
LLC |
0.89% |
21.23% |
10.83% |
7.94% |
Seeks to provide
shareholders with total
return. |
Columbia Variable Portfolio - Commodity
Strategy Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.01%2 |
(7.14%) |
9.08% |
(0.97%) |
Seeks total return,
consisting of long-term
capital appreciation and
current income. |
Columbia Variable Portfolio - Contrarian Core
Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
31.88% |
16.54% |
11.54% |
Seeks to provide
shareholders with
capital appreciation. |
Columbia Variable Portfolio - Disciplined
Core Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.81% |
24.21% |
13.69% |
11.02% |
Seeks to provide
shareholders with a high
level of current income
and, as a secondary
objective, steady growth
of capital. |
Columbia Variable Portfolio - Dividend
Opportunity Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.87%2 |
4.95% |
10.34% |
7.87% |
Non-diversified fund that
seeks to provide
shareholders with high
total return through
current income and,
secondarily, through
capital appreciation. |
Columbia Variable Portfolio - Emerging
Markets Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.00%2 |
10.02% |
1.57% |
2.20% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Emerging
Markets Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
1.22%2 |
9.31% |
3.54% |
2.51% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with high
total return through
income and growth of
capital. |
Columbia Variable Portfolio - Global Strategic
Income Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.72%2 |
9.81% |
2.18% |
0.42% |
Seeks to provide
shareholders with
maximum current
income consistent with
liquidity and stability of
principal. |
Columbia Variable Portfolio - Government
Money Market Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.49%2 |
4.61% |
1.56% |
0.95% |
Seeks to provide
shareholders with high
current income as its
primary objective and,
as its secondary
objective, capital
growth. |
Columbia Variable Portfolio - High Yield Bond
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.77%2 |
12.08% |
5.47% |
4.32% |
Seeks to provide
shareholders with a high
total return through
current income and
capital appreciation. |
Columbia Variable Portfolio - Income
Opportunities Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.77%2 |
11.51% |
5.15% |
4.12% |
Seeks to provide
shareholders with a high
level of current income
while attempting to
conserve the value of
the investment for the
longest period of time. |
Columbia Variable Portfolio - Intermediate
Bond Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.64% |
6.19% |
1.47% |
2.12% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Large Cap
Growth Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.85% |
42.95% |
18.14% |
13.51% |
Seeks to provide
shareholders with
long-term capital
appreciation. |
Columbia Variable Portfolio - Large Cap Index
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.38% |
25.82% |
15.23% |
11.56% |
Seeks to provide
shareholders with a
level of current income
consistent with
preservation of capital. |
Columbia Variable Portfolio - Limited
Duration Credit Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.66%2 |
6.66% |
2.36% |
1.65% |
Seeks total return,
consisting of current
income and capital
appreciation. |
Columbia Variable Portfolio - Long
Government/Credit Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.74%2 |
6.68% |
0.81% |
1.67% |
Seeks to provide
shareholders with
capital appreciation. |
Columbia Variable Portfolio - Overseas Core
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.92% |
15.47% |
8.09% |
3.51% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with
long-term growth of
capital. |
Columbia Variable Portfolio - Select Large
Cap Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.83% |
5.23% |
11.99% |
8.99% |
Seeks to provide
shareholders with
growth of capital. |
Columbia Variable Portfolio - Select Mid Cap
Growth Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
25.08% |
12.93% |
9.51% |
Seeks to provide
shareholders with
long-term growth of
capital. |
Columbia Variable Portfolio - Select Mid Cap
Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
10.18% |
13.20% |
8.29% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Select Small
Cap Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.98%2 |
12.97% |
10.05% |
6.32% |
Seeks to provide
shareholders with
current income as its
primary objective and,
as its secondary
objective, preservation
of capital. |
Columbia Variable Portfolio -
U.S. Government Mortgage Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.59% |
5.55% |
0.04% |
1.45% |
The portfolio is
designed to achieve
positive total return
relative to the
performance of the
Bloomberg Commodity
Index Total Return
("BCOM Index"). |
Credit Suisse Trust - Commodity Return
Strategy Portfolio, Class 1
Credit Suisse Asset Management, LLC |
1.05% |
(9.11%) |
7.23% |
(1.21%) |
Non-diversified fund that
seeks to provide
shareholders with total
return that exceeds the
rate of inflation over the
long term. |
CTIVP® - BlackRock Global Inflation-Protected
Securities Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; BlackRock Financial
Management, Inc., subadviser; BlackRock
International Limited, sub-subadviser. |
0.75%2 |
3.95% |
1.04% |
2.23% |
Seeks to provide
shareholders with
long-term capital growth. |
CTIVP® - Principal Blue Chip Growth Fund
(Class 1)
Columbia Management Investment Advisers,
LLC, adviser; Principal Global Investors, LLC,
subadviser. |
0.70% |
39.54% |
15.67% |
13.48% |
Seeks to provide
shareholders with
long-term growth of
capital. |
CTIVP® - Victory Sycamore Established Value
Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; Victory Capital Management
Inc., subadviser. |
0.95% |
9.81% |
14.18% |
10.58% |
Seeks capital
appreciation. |
DWS Alternative Asset Allocation VIP,
Class B3 DWS Investment Management Americas Inc., adviser; RREEF America L.L.C., subadvisor. |
1.21% |
5.67% |
5.70% |
2.63% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks high level of
current income. |
Eaton Vance VT Floating-Rate Income Fund -
Initial Class
Eaton Vance Management |
1.17% |
11.21% |
4.13% |
3.22% |
Seeks long-term capital
appreciation. |
Fidelity® VIP Contrafund® Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.81% |
33.12% |
16.36% |
11.33% |
Seeks high total return
through a combination
of current income and
capital appreciation. |
Fidelity® VIP Growth & Income Portfolio
Service Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.74% |
18.41% |
14.50% |
10.00% |
Seeks long-term growth
of capital. |
Fidelity® VIP Mid Cap Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.82% |
14.80% |
12.17% |
7.85% |
Seeks long-term growth
of capital. |
Fidelity® VIP Overseas Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, FIL Investment Advisers, FIL
Investment Advisers (UK) Limited and FIL
Investments (Japan) Limited,
subadvisers. |
0.98% |
20.22% |
9.71% |
4.65% |
Seeks a high level of
current income and may
also seek capital
appreciation. |
Fidelity® VIP Strategic Income Portfolio
Service Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, FIL Investment Advisers, FIL
Investment Advisers (UK) Limited and FIL
Investments (Japan) Limited,
subadvisers. |
0.90% |
9.18% |
3.47% |
3.10% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks high total return.
Under normal market
conditions, the fund
invests at least 80% of
its net assets in
investments of
companies located
anywhere in the world
that operate in the real
estate sector. |
Franklin Global Real Estate VIP Fund -
Class 2
Franklin Templeton Institutional, LLC |
1.25%2 |
11.43% |
3.88% |
3.78% |
Seeks to maximize
income while
maintaining prospects
for capital appreciation.
Under normal market
conditions, the fund
invests in a diversified
portfolio of equity and
debt securities. |
Franklin Income VIP Fund - Class 2
Franklin Advisers, Inc. |
0.71%2 |
8.62% |
6.98% |
5.01% |
Seeks capital
appreciation, with
income as a secondary
goal. Under normal
market conditions, the
fund invests primarily in
U.S. and foreign equity
securities that the
investment manager
believes are
undervalued. |
Franklin Mutual Shares VIP Fund - Class 2
Franklin Mutual Advisers, LLC |
0.93% |
13.46% |
7.81% |
5.43% |
Seeks long-term total
return. Under normal
market conditions, the
fund invests at least
80% of its net assets in
investments of small
capitalization
companies. |
Franklin Small Cap Value VIP Fund - Class 2
Franklin Mutual Advisers, LLC |
0.91%2 |
12.75% |
11.06% |
7.04% |
Seeks long-term capital
appreciation. |
Goldman Sachs VIT Mid Cap Value Fund -
Institutional Shares
Goldman Sachs Asset Management, L.P. |
0.84%2 |
11.42% |
13.36% |
8.10% |
Seeks long-term growth
of capital. |
Goldman Sachs VIT Multi-Strategy
Alternatives Portfolio - Advisor Shares3 Goldman Sachs Asset Management, L.P. |
1.36%2 |
7.53% |
4.00% |
- |
Seeks long-term growth
of capital and dividend
income. |
Goldman Sachs VIT U.S. Equity Insights
Fund - Institutional Shares
Goldman Sachs Asset Management, L.P. |
0.56%2 |
23.81% |
13.60% |
10.97% |
Non-diversified fund that
seeks capital growth. |
Invesco V.I. American Franchise Fund,
Series II Shares
Invesco Advisers, Inc. |
1.11% |
40.60% |
15.88% |
11.42% |
Seeks total return with a
low to moderate
correlation to traditional
financial market indices. |
Invesco V.I. Balanced-Risk Allocation Fund,
Series II Shares1 Invesco Advisers, Inc. |
1.13%2 |
6.40% |
4.66% |
3.79% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks capital growth
and income through
investments in equity
securities, including
common stocks,
preferred stocks and
securities convertible
into common and
preferred stocks. |
Invesco V.I. Comstock Fund, Series II Shares
Invesco Advisers, Inc. |
1.00% |
12.10% |
13.20% |
8.65% |
Seeks capital
appreciation. |
Invesco V.I. Discovery Mid Cap Growth Fund,
Series II Shares
Invesco Advisers, Inc. |
1.12% |
12.85% |
12.47% |
9.52% |
Seeks to provide
reasonable current
income and long-term
growth of income and
capital. |
Invesco V.I. Diversified Dividend Fund,
Series I Shares
Invesco Advisers, Inc. |
0.68% |
9.05% |
9.81% |
7.80% |
Seeks long-term growth
of capital. |
Invesco V.I. EQV International Equity Fund,
Series II Shares
Invesco Advisers, Inc. |
1.15% |
17.86% |
8.15% |
4.07% |
Seeks capital
appreciation. |
Invesco V.I. Global Fund, Series II Shares
Invesco Advisers, Inc. |
1.07% |
34.45% |
12.02% |
8.21% |
Seeks total return |
Invesco V.I. Global Strategic Income Fund,
Series II Shares
Invesco Advisers, Inc. |
1.17%2 |
8.60% |
1.04% |
1.25% |
Seeks long-term growth
of capital. |
Invesco V.I. Health Care Fund, Series II
Shares
Invesco Advisers, Inc. |
1.23% |
2.77% |
8.49% |
6.60% |
Seeks capital
appreciation. |
Invesco V.I. Main Street Small Cap Fund®,
Series II Shares
Invesco Advisers, Inc. |
1.13% |
17.82% |
12.79% |
8.66% |
Seeks long-term growth
of capital. |
Invesco V.I. Technology Fund, Series I
Shares
Invesco Advisers, Inc. |
0.98% |
46.94% |
14.92% |
12.24% |
Seeks long-term capital
growth, consistent with
preservation of capital
and balanced by current
income. |
Janus Henderson Balanced Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.87% |
15.13% |
9.37% |
7.73% |
Seeks to obtain
maximum total return,
consistent with
preservation of capital. |
Janus Henderson Flexible Bond Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.82%2 |
5.29% |
1.55% |
1.66% |
Seeks long-term growth
of capital. |
Janus Henderson Research Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.82% |
42.81% |
16.54% |
12.21% |
Seeks total return. |
Lazard Retirement Global Dynamic
Multi-Asset Portfolio - Service Shares1 Lazard Asset Management, LLC |
1.05%2 |
10.81% |
4.00% |
3.77% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks capital growth. |
LVIP American Century International Fund,
Service Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
1.10%2 |
12.43% |
8.12% |
3.91% |
Seeks long-term capital
growth. Income is a
secondary objective. |
LVIP American Century Mid Cap Value Fund,
Service Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
1.01%2 |
6.03% |
10.90% |
8.61% |
Seeks capital growth. |
LVIP American Century Ultra® Fund, Service
Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
0.90%2 |
43.27% |
19.07% |
14.47% |
Seeks long-term capital
growth. Income is a
secondary objective. |
LVIP American Century Value Fund, Service
Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
0.86%2 |
9.02% |
11.71% |
8.36% |
Seeks to provide total
return. |
Macquarie VIP Asset Strategy Series -
Service Class (previously Delaware Ivy VIP
Asset Strategy, Class II)
Ivy Investment Management Company |
0.85%2 |
13.90% |
8.27% |
3.48% |
Seeks capital
appreciation. |
MFS® Massachusetts Investors Growth
Stock Portfolio - Service Class
Massachusetts Financial Services Company |
0.98%2 |
23.70% |
16.39% |
12.44% |
Seeks capital
appreciation. |
MFS® New Discovery Series - Service
Class Massachusetts Financial Services
Company |
1.12%2 |
14.25% |
10.81% |
7.41% |
Seeks total return. |
MFS® Utilities Series - Service Class
Massachusetts Financial Services Company |
1.04%2 |
(2.33%) |
8.05% |
6.13% |
The Fund seeks
long-term capital growth
by investing primarily in
common stocks and
other equity securities. |
Morgan Stanley VIF Discovery Portfolio,
Class II Shares
Morgan Stanley Investment Management
Inc. |
1.05%2 |
44.13% |
10.83% |
8.38% |
The Fund seeks to
provide current income
and capital
appreciation. |
Morgan Stanley VIF Global Real Estate
Portfolio, Class II Shares
Morgan Stanley Investment Management
Inc., adviser; Morgan Stanley Investment
Management Limited and Morgan Stanley
Investment Management Company,
subadvisers. |
1.10%2 |
10.47% |
0.30% |
1.69% |
Seeks maximum real
return, consistent with
preservation of real
capital and prudent
investment
management. |
PIMCO VIT All Asset Portfolio, Advisor Class3 Pacific Investment Management Company LLC (PIMCO) |
2.29%2 |
8.02% |
5.90% |
3.93% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks total return which
exceeds that of a blend
of 60% MSCI World
Index/40% Barclays
U.S. Aggregate Index. |
PIMCO VIT Global Managed Asset Allocation
Portfolio, Advisor Class3 Pacific Investment Management Company LLC (PIMCO) |
1.34%2 |
12.85% |
7.20% |
5.14% |
Seeks maximum total
return, consistent with
preservation of capital
and prudent investment
management. |
PIMCO VIT Total Return Portfolio, Advisor
Class
Pacific Investment Management Company
LLC (PIMCO) |
0.85% |
5.83% |
0.98% |
1.60% |
Seeks capital
appreciation. |
Putnam VT Global Health Care Fund -
Class IB Shares
Putnam Investment Management, LLC,
investment advisor. Though the investment
advisor has retained the services of both
Putnam Investments Limited (PIL) and The
Putnam Advisory Company, LLC (PAC), PIL
and PAC do not currently manage any assets
of the fund. |
1.01% |
9.13% |
13.48% |
10.16% |
Seeks capital
appreciation. |
Putnam VT International Equity Fund -
Class IB Shares
Putnam Investment Management, LLC,
investment advisor; Putnam Investments
Limited, sub-adviser. Though the investment
advisor has retained the services of The
Putnam Advisory Company, LLC (PAC), PAC
does not currently manage any assets of the
fund. |
1.10% |
18.51% |
9.05% |
3.70% |
Seeks long-term capital
appreciation. |
Putnam VT Sustainable Leaders Fund -
Class IB Shares
Putnam Investment Management, LLC,
investment advisor. Though the investment
advisor has retained the services of Putnam
Investments Limited (PIL), PIL does not
currently manage any assets. |
0.90% |
26.11% |
16.09% |
12.59% |
Seeks high current
income, consistent with
preservation of capital,
with capital appreciation
as a secondary
consideration. Under
normal market
conditions, the fund
invests at least 80% of
its net assets in debt
securities of any
maturity. |
Templeton Global Bond VIP Fund - Class 2
Franklin Advisers, Inc. |
0.75%2 |
2.88% |
(2.13%) |
(0.66%) |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks long-term capital
appreciation by
investing in common
stocks of gold-mining
companies. The Fund
may take current
income into
consideration when
choosing investments. |
VanEck VIP Global Gold Fund (Class S
Shares)
Van Eck Associates Corporation |
1.45%2 |
10.41% |
9.61% |
4.61% |
Seeks to provide a high
level of total return that
is consistent with an
aggressive level of risk. |
Variable Portfolio - Aggressive Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
1.05% |
17.22% |
9.19% |
6.47% |
Seeks to provide a high
level of total return that
is consistent with an
aggressive level of risk. |
Variable Portfolio - Aggressive Portfolio
(Class 4)3 Columbia Management Investment Advisers, LLC |
1.05% |
17.19% |
9.20% |
6.47% |
Seeks to provide a high
level of total return that
is consistent with a
conservative level of
risk. |
Variable Portfolio - Conservative Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
0.88%2 |
8.46% |
2.66% |
2.50% |
Seeks to provide a high
level of total return that
is consistent with a
conservative level of
risk. |
Variable Portfolio - Conservative Portfolio
(Class 4)3 Columbia Management Investment Advisers, LLC |
0.88%2 |
8.39% |
2.64% |
2.50% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Risk Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.02%2 |
12.26% |
5.14% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Risk U.S. Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.00% |
14.54% |
6.90% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Conservative Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.95% |
7.87% |
2.39% |
2.33% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Conservative Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.98% |
9.98% |
3.66% |
3.05% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility Growth
Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.02% |
14.59% |
6.34% |
4.44% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Pursues total return
while seeking to
manage the Fund’s
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Moderate Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.99% |
12.27% |
5.07% |
3.84% |
Seeks to provide a high
level of total return that
is consistent with a
moderate level of risk. |
Variable Portfolio - Moderate Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
0.97% |
12.96% |
6.12% |
4.63% |
Seeks to provide a high
level of total return that
is consistent with a
moderate level of risk. |
Variable Portfolio - Moderate Portfolio
(Class 4)3 Columbia Management Investment Advisers, LLC |
0.97% |
12.94% |
6.12% |
4.63% |
Seeks to provide a high
level of total return that
is consistent with a
moderately aggressive
level of risk. |
Variable Portfolio - Moderately Aggressive
Portfolio (Class 2)3 Columbia Management Investment Advisers, LLC |
1.01% |
14.93% |
7.56% |
5.50% |
Seeks to provide a high
level of total return that
is consistent with a
moderately aggressive
level of risk. |
Variable Portfolio - Moderately Aggressive
Portfolio (Class 4)3 Columbia Management Investment Advisers, LLC |
1.01% |
14.91% |
7.57% |
5.50% |
Seeks to provide a high
level of total return that
is consistent with a
moderately conservative
level of risk. |
Variable Portfolio - Moderately Conservative
Portfolio (Class 2)3 Columbia Management Investment Advisers, LLC |
0.94% |
10.50% |
4.32% |
3.54% |
Seeks to provide a high
level of total return that
is consistent with a
moderately conservative
level of risk. |
Variable Portfolio - Moderately Conservative
Portfolio (Class 4)3 Columbia Management Investment Advisers, LLC |
0.94% |
10.48% |
4.31% |
3.53% |
Seeks to provide
shareholders with
long-term capital growth. |
Variable Portfolio - Partners Core Equity Fund
(Class 3)
Columbia Management Investment Advisers,
LLC, adviser; J.P. Morgan Investment
Management Inc. and T. Rowe Price
Associates, Inc., subadvisers. |
0.82% |
24.55% |
14.45% |
10.33% |
Seeks to provide
shareholders with
long-term capital
appreciation. |
Variable Portfolio - Partners Small Cap Value
Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; Segall Bryant & Hamill, LLC
and William Blair Investment Management,
LLC, subadvisers. |
0.94%2 |
11.26% |
8.34% |
4.83% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Conservative
Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.96% |
11.22% |
3.90% |
- |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Growth Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.94% |
16.80% |
6.67% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Moderate
Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.94% |
13.87% |
5.37% |
- |
Seeks long-term capital
appreciation. |
Wanger Acorn
Columbia Wanger Asset Management, LLC |
0.95%2 |
21.74% |
7.51% |
7.20% |
Seeks long-term capital
appreciation. |
Wanger International
Columbia Wanger Asset Management, LLC |
1.14%2 |
16.95% |
6.45% |
3.50% |
Seeks to maximize total
return. |
Western Asset Variable Global High Yield
Bond Portfolio - Class II
Legg Mason Partners Fund Adviser, LLC;
Western Asset Management Company, LLC,
Western Asset Management Company
Limited & Western Asset Management Pte.
Ltd., sub-advisors. |
1.08% |
9.96% |
3.17% |
2.63% |
Early surrender amount |
× |
[ |
( |
1 + i |
) |
(n/12)
|
–1 |
] |
= |
MVA |
1 + j + .001 |
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). |
$1,000 |
× |
[ |
( |
1.030 |
) |
(84/12)
|
–1 |
] |
= |
-$39.84 |
1 + .035 + .001 |
$1,000 |
× |
[ |
( |
1.030 |
) |
(84/12)
|
–1 |
] |
= |
$27.61 |
1 + .025 + .001 |
|
|
Contract with Gain |
Contract with Loss |
|
|
|
Contract Value at time of full surrender: |
$120,000.00 |
$80,000.00 |
|
|
|
Contract Value on prior anniversary: |
115,000.00 |
85,000.00 |
|
|
Step 1. |
We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: |
|
| ||
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
10% of the prior anniversary’s contract value: |
11,500.00
|
8,500.00
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
Step 2. |
We determine the TFA that is from Purchase Payments: |
|
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
Purchase Payments being Surrendered Free (PPF): |
0.00 |
8,500.00 |
|
|
Step 3. |
We calculate the Premium Ratio (PR): |
|
|
|
|
|
PR = [WD – TFA] / [CV – TFA] |
|
|
|
|
|
WD = |
120,000.00 |
80,000.00 |
= |
the amount of the surrender |
|
TFA = |
20,000.00 |
8,500.00 |
= |
the total free amount, step 1 |
|
CV = |
120,000.00 |
80,000.00 |
= |
the contract
value at the time of the
surrender |
|
PR = |
100% |
100% |
= |
the premium
ratio |
Step 4. |
We calculate Chargeable Purchase Payments being Surrendered (CPP): |
|
|
| |
|
CPP = PR × (PP – PPF) |
|
|
|
|
|
PR = |
100% |
100% |
= |
premium ratio, step 3 |
|
PP = |
100,000.00 |
100,000.00 |
= |
purchase
payments not previously
surrendered |
|
PPF = |
0.00 |
8,500.00 |
= |
purchase
payments being surrendered
free, step 2 |
|
CPP = |
100,000.00 |
91,500.00 |
|
|
Step 5. |
We calculate the Surrender Charges: |
|
|
|
|
|
Chargeable Purchase Payments: |
100,000.00 |
91,500.00 |
|
|
|
Surrender Charge Percentage: |
7% |
7% |
|
|
|
Surrender Charge: |
7,000.00 |
6,405.00 |
|
|
|
|
Contract with Gain |
Contract with Loss |
|
|
Step 6. |
We calculate the Net Surrender Value: |
120,000.00 |
80,000.00 |
|
|
|
Contract Value Surrendered: |
(7,000.00 ) |
(6,405.00 ) |
|
|
|
Contract Charge (assessed upon full surrender): |
(50.00 ) |
(50.00 ) |
|
|
|
Net Full Surrender Proceeds: |
112,950.00 |
73,545.00 |
|
|
|
|
Contract with Gain |
Contract with Loss |
|
|
|
Contract Value at time of partial surrender: |
$120,000.00 |
$80,000.00 |
|
|
|
Contract Value on prior anniversary: |
115,000.00 |
85,000.00 |
|
|
Step 1. |
We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: |
|
| ||
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
10% of the prior anniversary’s contract value: |
11,500.00
|
8,500.00
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
Step 2. |
We determine the TFA that is from Purchase Payments: |
|
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
Purchase Payments being Surrendered Free (PPF): |
0.00 |
8,500.00 |
|
|
Step 3. |
We calculate the Premium Ratio (PR): |
|
|
|
|
|
PR = [WD – TFA] / [CV – TFA] |
|
|
|
|
|
WD = |
50,000.00 |
50,000.00 |
= |
the amount of the surrender |
|
TFA = |
20,000.00 |
8,500.00 |
= |
the total free amount, step 1 |
|
CV = |
120,000.00 |
80,000.00 |
= |
the contract
value at the time of
surrender |
|
PR = |
30% |
58% |
= |
the premium
ratio |
|
|
Contract with Gain |
Contract with Loss |
|
|
Step 4. |
We calculate the Chargeable Purchase Payments being Surrendered (CPP): |
|
|
| |
|
CPP = PR × (PP – PPF) |
|
|
|
|
|
PR = |
30% |
58% |
= |
premium ratio, step 3 |
|
PP = |
100,000.00 |
100,000.00 |
= |
purchase
payments not previously
surrendered |
|
PPF = |
0.00 |
8,500.00 |
= |
purchase
payments being surrendered
free, step 2 |
|
CPP = |
30,000.00 |
53,108.39 |
= |
chargeable
purchase payments being surrendered |
Step 5. |
We calculate the Surrender Charges: |
|
|
|
|
|
Chargeable Purchase Payments: |
30,000.00 |
53,108.39 |
|
|
|
Surrender Charge Percentage: |
7% |
7% |
|
|
|
Surrender Charge: |
2,100 |
3,718 |
|
|
Step 6. |
We calculate the Net Surrender Value: |
|
|
|
|
|
Contract Value Surrendered: |
50,000.00 |
50,000.00 |
|
|
|
Surrender Charge: |
(2,100.00 ) |
(3,717.59
) |
|
|
|
Net Partial Surrender Proceeds: |
47,900.00 |
46,282.41 |
|
|
|
|
Contract with Gain |
Contract with Loss |
|
|
|
Contract Value at time of full surrender: |
$120,000.00 |
$80,000.00 |
|
|
|
Contract Value on prior anniversary: |
115,000.00 |
85,000.00 |
|
|
Step 1. |
We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: |
|
|
|
|
|
Earnings in the Contract: |
20,000.00 |
0.00 |
|
|
|
10% of the prior anniversary’s contract value: |
11,500.00
|
8,500.00
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
Step 2. |
We determine the TFA and Amount Free that is from Purchase Payments: |
|
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
Purchase Payments being Surrendered Free (PPF): |
0.00 |
8,500.00 |
|
|
|
|
Contract with Gain |
Contract with Loss |
|
|
Step 3. |
We calculate the Premium Ratio (PR): |
|
|
|
|
|
PR = [WD – TFA] / [CV – TFA] |
|
|
|
|
|
WD = |
120,000.00 |
80,000.00 |
= |
the amount of the surrender |
|
TFA = |
20,000.00 |
8,500.00 |
= |
the total free amount, step 1 |
|
CV = |
120,000.00 |
80,000.00 |
= |
the contract
value at the time of the
surrender |
|
PR = |
100% |
100% |
|
|
Step 4. |
We calculate Chargeable Purchase Payments being Surrendered (CPP): |
|
|
|
|
|
CPP = PR × (PP – PPF) |
|
|
|
|
|
PR = |
100% |
100% |
= |
premium ratio, step 3 |
|
PP = |
100,000.00 |
100,000.00 |
= |
purchase
payments not previously
surrendered |
|
PPF = |
0.00 |
8,500.00 |
= |
purchase
payments being surrendered
free, step 2 |
|
CPP = |
100,000.00 |
91,500.00 |
|
|
Step 5. |
We calculate the Surrender Charges: |
|
|
|
|
|
Chargeable Purchase Payments: |
100,000.00 |
91,500.00 |
|
|
|
Surrender Charge Percentage: |
7% |
7% |
|
|
|
Surrender Charge: |
7,000.00 |
6,405.00 |
|
|
Step 6. |
We calculate the Net Surrender Value: |
120,000.00 |
80,000.00 |
|
|
|
Contract Value Surrendered: |
(7,000.00 ) |
(6,405.00 ) |
|
|
|
Contract Charge (assessed upon full surrender): |
(50.00 ) |
(50.00 ) |
|
|
|
Net Full Surrender Proceeds: |
112,950.00 |
73,545.00 |
|
|
|
|
Contract with Gain |
Contract with Loss |
|
|
|
Contract Value at time of partial surrender: |
$120,000.00 |
$80,000.00 |
|
|
|
Contract Value on prior anniversary: |
115,000.00 |
85,000.00 |
|
|
Step 1. |
We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: |
|
|
|
|
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
10% of the prior anniversary’s contract value: |
11,500.00
|
8,500.00
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
|
|
Contract with Gain |
Contract with Loss |
|
|
Step 2. |
We determine the Amount Free that is from Purchase Payments: |
|
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
Purchase Payments being Surrendered Free (PPF): |
0.00 |
8,500.00 |
|
|
Step 3. |
We calculate the Premium Ratio (PR): |
|
|
|
|
|
PR = [WD – TFA] / [CV – TFA] |
|
|
|
|
|
WD = |
50,000.00 |
50,000.00 |
= |
the amount of the surrender |
|
TFA = |
20,000.00 |
8,500.00 |
= |
the total free amount, step 1 |
|
CV = |
120,000.00 |
80,000.00 |
= |
the contract
value at the time of
surrender |
|
PR = |
30% |
58% |
= |
the premium
ratio |
Step 4. |
We calculate the Chargeable Purchase Payments being Surrendered (CPP): |
|
|
|
|
|
CPP = PR × (PP – PPF) |
|
|
|
|
|
PR = |
30% |
58% |
= |
premium ratio, step 3 |
|
PP = |
100,000.00 |
100,000.00 |
= |
purchase
payments not previously
surrendered |
|
PPF = |
0.00 |
8,500.00 |
= |
purchase
payments being surrendered
free, step 2 |
|
CPP = |
30,000.00 |
53,108.39 |
= |
chargeable
purchase payments being surrendered |
Step 5. |
We calculate the Surrender Charges: |
|
|
|
|
|
Chargeable Purchase Payments: |
30,000.00 |
53,108.39 |
|
|
|
Surrender Charge Percentage: |
7% |
7% |
|
|
|
Surrender Charge: |
2,100 |
3,718 |
|
|
Step 6. |
We calculate the Net Surrender Value: |
|
|
|
|
|
Contract Value Surrendered: |
50,000.00 |
50,000.00 |
|
|
|
Surrender Charge: |
(2,100.00 ) |
(3,717.59
) |
|
|
|
Net Partial Surrender Proceeds: |
47,900.00 |
46,282.41 |
|
|
End of Contract Year |
Assumed Net
Rate of Return |
Partial Surrender (Beginning of Year) |
Adjusted Partial
Surrender |
MCAV |
Accumulation
Benefit Amount |
Contract Value |
1 |
12% |
0 |
0 |
100,000 |
0 |
111,328 |
2 |
15% |
0 |
0 |
102,422 |
0 |
127,259 |
3 |
3% |
0 |
0 |
104,861 |
0 |
130,290 |
4 |
–8% |
0 |
0 |
104,861 |
0 |
119,148 |
5 |
–15% |
0 |
0 |
104,861 |
0 |
100,647 |
6 |
20% |
2,000 |
2,084 |
102,778 |
0 |
117,666 |
7 |
15% |
0 |
0 |
108,252 |
0 |
134,504 |
8 |
–10% |
0 |
0 |
108,252 |
0 |
120,327 |
9 |
–20% |
5,000 |
4,498 |
103,754 |
0 |
91,639 |
10 |
–12% |
0 |
0 |
103,754 |
23,734 |
103,754 |
Contract Year |
Contract Value (Beginning of Year) |
Withdrawal (Beginning of Year) |
Contract Value (End of Year) |
GBA |
RBA |
1 |
$100,000 |
$7,000 |
$87,820 |
$100,000 |
$93,000 |
2 |
87,820 |
7,000 |
76,318 |
100,000 |
86,000 |
3 |
76,318 |
7,000 |
65,457 |
100,000 |
79,000 |
4 |
65,457 |
7,000 |
55,201 |
100,000 |
72,000 |
5 |
55,201 |
7,000 |
45,516 |
100,000 |
65,000 |
6 |
45,516 |
7,000 |
36,371 |
100,000 |
58,000 |
7 |
36,371 |
7,000 |
27,735 |
100,000 |
51,000 |
8 |
27,735 |
7,000 |
19,550 |
100,000 |
44,000 |
9 |
19,550 |
7,000 |
11,821 |
100,000 |
37,000 |
10 |
11,821 |
7,000 |
4,523 |
100,000 |
30,000 |
11 |
4,523 |
7,000 |
0 |
100,000 |
23,000 |
12 |
0 |
7,000 |
0 |
100,000 |
16,000 |
13 |
0 |
7,000 |
0 |
100,000 |
9,000 |
14 |
0 |
7,000 |
0 |
100,000 |
2,000 |
15 |
0 |
2,000 |
0 |
100,000 |
0 |
We calculate the death benefit as follows: |
|
| ||
|
The total purchase payments minus adjustments for partial surrenders: |
|
| |
|
Total purchase payments |
$20,000 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
| |
|
$1,500 × $20,000 |
= |
–1,667
|
|
|
$18,000 |
|
| |
|
for a death benefit of: |
$18,333 |
|
We calculate the death benefit as follows: |
|
| ||
|
The maximum anniversary value immediately preceding the date of death plus any payments made
since that anniversary minus adjusted partial surrenders: |
|
| |
|
Greatest of your contract anniversary contract values: |
$24,000 |
| |
|
plus purchase payments made since that anniversary: |
+0 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
| |
|
$1,500 × $24,000 |
= |
–1,636
|
|
|
$22,000 |
|
| |
|
for a death benefit of: |
$22,364 |
|
We calculate the death benefit as follows: |
|
| ||
|
The maximum 5-year anniversary value immediately preceding the date of death plus any payments
made since that anniversary minus adjusted partial surrenders: |
|
| |
|
Greatest of your 5-year contract anniversary contract values: |
$30,000 |
| |
|
plus purchase payments made since that anniversary: |
+0 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
| |
|
$1,500 × $30,000 |
= |
–1,800
|
|
|
$25,000 |
|
| |
|
for a death benefit of: |
$28,200 |
|
MAV death benefit amount (contract value): |
$110,000 |
plus the EEB which equals 40% of earnings at death (MAV death benefit amount minus payments not
previously surrendered): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value): |
$110,000 |
plus the EEB (40% of earnings at death): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |
| ||
$110,000 – |
($50,000 × $110,000) |
= |
$57,619 |
$105,000 | |||
plus the EEB (40% of earnings at death): |
| ||
0.40 × ($57,619 – $55,000) = |
+1,048 | ||
Total death benefit of: |
$58,667 |
MAV death benefit amount (contract value): |
$200,000 |
plus the EEB (40% of earnings at death) |
|
0.40 × 2.50 × ($55,000) = |
+55,000 |
Total death benefit of: |
$255,000 |
MAV death benefit amount (contract value less purchase payment credits reversed) |
$250,000 |
plus the EEB (40% of earnings at death) |
|
0.40 × 2.50 × ($55,000) = |
+55,000 |
Total death benefit of: |
$305,000 |
MAV death benefit amount (contract value): |
$250,500 |
plus the EEB which equals 40% of earnings at death (the standard death benefit amount minus payments
not previously surrendered): |
|
0.40 × ($250,500 – $105,000) = |
+58,200 |
Total death benefit of: |
$308,700 |
MAV death benefit amount (contract value): |
$110,000 |
plus the EEP Part I which equals 40% of earnings at death (the MAV death benefit amount minus
purchase payments not previously surrendered): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value): |
$110,000 |
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: |
$124,000 |
MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |
| ||
$110,000 – |
($50,000 × $110,000) |
= |
$57,619 |
$105,000 | |||
plus the EEP Part I (40% of earnings at death): |
| ||
0.40 × ($57,619 – $55,000) = |
+1,048 | ||
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 × $55,000 = |
+5,500 | ||
Total death benefit of: |
$64,167 |
MAV death benefit amount (contract value): |
$200,000 |
plus the EEP Part I (40% of earnings at death) |
|
.40 × (2.50 × $55,000) = |
+55,000 |
plus the EEP Part II which after the fourth contract year equals 20% of exchange purchase payments
identified at issue and not previously surrendered: 0.20 × $55,000
= |
+11,000 |
Total death benefit of: |
$266,000 |
MAV death benefit amount (contract value less purchase payment credits reversed): |
$250,000 |
plus the EEP Part I (40% of earnings at death) |
|
.40 × (2.50 × $55,000) = |
+55,000 |
plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments
identified at issue and Not previously surrendered: 0.20 × $55,000
= |
+11,000 |
Total death benefit of: |
$316,000 |
MAV death benefit amount (contract value): |
$250,500 |
the EEP Part I which equals 40% of earnings at death (the MAV death benefit minus payments not
previously surrendered): |
|
0.40 × ($250,500 – $105,000) = |
+58,200 |
plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments
identified at issue And not previously surrendered: 0.20 × $55,000
= |
+11,000 |
Total death benefit of: |
$319,700 |
|
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 |
|
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 |
|
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 |
Issued by: |
RiverSource Life Insurance Company (RiverSource Life) |
|
70100 Ameriprise Financial Center Minneapolis, MN 55474 Telephone: 1-800-862-7919 (Service Center) ameriprise.com/variableannuities RiverSource Variable Account 10 |
4
| |
6 | |
10
| |
12 | |
12
| |
12 | |
14
| |
17 | |
19
| |
21 | |
22
| |
22 | |
23
| |
23 | |
23
| |
24 | |
26
| |
26 | |
27
| |
27 | |
28
| |
28 | |
28
| |
28 | |
31
| |
31 | |
31
| |
32 | |
32
| |
32 | |
32
| |
33 | |
34
| |
36 | |
38
| |
38 | |
38
| |
39 | |
39
| |
39 | |
39
| |
39 | |
39
|
40
| |
40 | |
40
| |
40 | |
40
| |
42 | |
42
| |
42 | |
43
| |
44 | |
46
| |
50 | |
51
| |
51 | |
52
| |
52 | |
52
| |
53 | |
55
| |
63 | |
63
| |
65 | |
65
| |
65 | |
66
| |
67 | |
68
| |
69 | |
71
| |
71 | |
83
| |
85 | |
85
| |
85 | |
85
| |
85 | |
86
| |
87 | |
87
|
89
| |
91 | |
91
| |
92 | |
92
| |
92 | |
93
| |
94 | |
94
| |
95 | |
107
| |
109 | |
114
| |
118 | |
123
| |
125 | |
137
| |
149 |
|
FEES AND EXPENSES
|
Location in
Statutory
Prospectus | ||
Charges for Early
Withdrawals |
Each Contract provides for different surrender charge periods and
percentages. In addition to the surrender charge, we may reverse a
purchase payment credit upon certain withdrawals within 12 months
of when the purchase payment credit was applied.
RAVA 4 Advantage. You may select either a seven-year or ten-year surrender charge schedule at the time of application. If you select a seven-year surrender charge schedule and you withdraw money during the first 7 years from date of each purchase payment, you may be assessed a
surrender charge of up to 7% of the purchase payment withdrawn. If you
elect a ten-year surrender charge schedule and you withdraw money
during the first 10 years from date of each purchase payment, you
may be assessed a surrender charge of up to 8% of the purchase
payment withdrawn. For example, if you select a seven-year
surrender charge schedule and make an early withdrawal, you could
pay a surrender charge of up to $7,000 on a $100,000 investment.
If you select a ten-year surrender charge schedule and make an
early withdrawal, you could pay a surrender charge of up to
$8,000 on a $100,000 investment. RAVA 4 Select.
If you withdraw money during the first 3 years from the contract date, you may be assessed a surrender charge of up to 7% of the
purchase payment withdrawn. For RAVA 4 Select contracts in Texas, if you
withdraw money during the first 3 years from the contract date,
you may be assessed a surrender charge of up to 8% of the
purchase payment withdrawn. For example, if you make a withdrawal
in the first year, you could pay a withdrawal charge of up to
$7,000 on a $100,000 investment ($8,000 on a $100,000 investment
for RAVA 4 Select contracts in Texas). RAVA 4
Access. No surrender charge is assessed. |
Fee Table and
Examples
Charges–
Surrender Charge | ||
Transaction
Charges |
We do not assess any transaction charges. |
|
|
FEES AND EXPENSES
|
Location in
Statutory
Prospectus | ||
Ongoing Fees and
Expenses (annual
charges) |
The table below describes the current fees and expenses that you may pay
each year, depending on the options you choose. Please refer to
your Contract specifications page for information about the
specific fees you will pay each year based on the options you
have elected. |
Fee Table and
Examples
Expenses –
Product Charges
Appendix A: Funds
Available Under
the Contract | ||
Annual Fee |
Minimum |
Maximum | ||
Base Contract(1) (varies by Contract and tax qualification) |
0.87% |
1.47% | ||
Fund options
(Funds fees and expenses)(2) |
0.38%
|
2.38%
| ||
Optional benefits available for an
additional charge
(for a single optional benefit, if
elected)(3) |
0.10% |
2.50% | ||
(1) As a percentage of average daily contract value in the variable account. Includes the
Mortality and Expense Fee and contract administrative charge.
(2) As a percentage of Fund net assets.
(3) As a percentage of Contract Value or the greater of Contract Value or applicable
guaranteed benefit amount (varies by optional benefit).
Because your Contract is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your
Contract, the following table shows the lowest and highest cost
you could pay each year, based on current charges. This estimate
assumes that you do not take withdrawals from the Contract,
which could add surrender charges that substantially increase costs. | ||||
Lowest Annual Cost:
$1,649
|
Highest Annual Cost:
$4,388
| |||
Assumes:
•Investment of $100,000 •5% annual appreciation
•Least expensive combination of Contract features and Fund fees and expenses •No optional benefits
•No sales charge •No additional purchase payments,
transfers or withdrawals
•No purchase payment credits |
Assumes:
•Investment of $100,000 •5% annual appreciation
•Most expensive combination of Contract features, optional benefits and Fund fees and expenses •No sales charge
•No additional purchase payments, transfers or withdrawals •No purchase payment credits | |||
|
RISKS |
| ||
Risk of Loss |
You can lose money by investing in this Contract including loss of
principal. |
Principal Risks | ||
Not a Short-Term
Investment |
•The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. •The RAVA 4 Advantage and RAVA 4 Select contracts have surrender
charges, which may reduce the value of your Contract if you withdraw
money during the surrender charge period. Surrenders may also
reduce or terminate contract guarantees.
•The benefits of tax deferral, long-term income, and optional living benefit
guarantees mean the contract is generally more beneficial to investors
with a long term investment horizon. |
Principal Risks
Charges–
Surrender Charge |
|
RISKS |
Location in
Statutory
Prospectus | ||
Risks Associated
with Investment
Options |
•An investment in the Contract is subject to the risk of poor investment
performance and can vary depending on the performance of the
investment options available under the Contract.
•Each investment option (including under any Fixed Account investment options) has its own unique risks. •You should review the investment options before making any investment
decisions. |
Principal Risks
The
Variable Account and the Funds
The Guarantee Period Accounts (GPAs) The Fixed Account | ||
Insurance
Company Risks |
An investment in the Contract is subject to the risks related to us. Any
obligations (including under the Fixed Account) or guarantees and benefits
of the Contract that exceed the assets of the Separate Account are subject
to our claims-paying ability. If we experience financial distress, we may not
be able to meet our obligations to you. More information about
RiverSource Life, including our financial strength ratings, is available by contacting us at
1-800-862-7919. |
Principal Risks
The General
Account | ||
|
RESTRICTIONS |
| ||
Investments |
•Subject to certain restrictions, you may transfer your Contract value among the subaccounts without charge at any time before the settlement date, and once per contract year after the settlement date.
•Certain transfers out of the GPAs will be subject to an MVA. •GPAs and the regular Fixed Account are subject to certain restrictions. •We reserve the right to modify, restrict or suspend your transfer
privileges if we determine that your transfer activity
constitutes market timing.
•We reserve the right to add, remove or substitute Funds as investment options. We also reserve the right, upon notification to you, to close or
restrict any Funds. |
Making the Most
of Your Contract –
Transferring
Among Accounts
Substitution of
Investments |
|
RESTRICTIONS |
Location in
Statutory
Prospectus | ||
Optional Benefits |
•Certain optional benefits limit or restrict the investment options you may
select under the Contract. If you later decide you do not want to invest in
those approved investment options, you must request a full
surrender. •Certain optional benefits may limit subsequent purchase payments. •Withdrawals in excess of the amount allowed under certain optional
benefits may substantially reduce the benefit or even terminate
the benefit. |
Buying Your
Contract —
Purchase
Payments
Optional
Benefits –
SecureSource
Flex Rider -
Important
SecureSource
Flex Rider
Considerations
Appendix A: Funds
Available Under
the Optional
Benefits Offered
Under the
Contract
Appendix G: GWB
for Life Rider –
Investment
Allocation
Restrictions
Appendix H:
SecureSource
Rider – Investment Allocation Restrictions | ||
|
TAXES |
| ||
Tax Implications |
•Consult with a tax advisor to determine the tax implications of an investment in and payments and withdrawals received under this Contract. •If you purchase the Contract through a tax-qualified plan or
individual retirement account, you do not get any additional tax
benefit. •Earnings under your contract are taxed at ordinary income tax rates generally when withdrawn. You may have to pay a tax penalty if you take
a withdrawal before age 59½. |
Taxes | ||
|
CONFLICTS OF INTEREST
|
| ||
Investment
Professional
Compensation |
Your investment professional may receive compensation for selling this
Contract to you, in the form of commissions, additional cash
benefits (e.g., bonuses), and non-cash compensation. This
financial incentive may influence your investment professional to
recommend this Contract over another investment for which the
investment professional is not compensated or compensated
less. |
About the Service
Providers | ||
Exchanges |
If you already own an annuity or insurance Contract, some investment
professionals may have a financial incentive to offer you a new
Contract in place of the one you own. You should only exchange a
Contract you already own if you determine, after comparing the
features, fees, and risks of both Contracts, that it is better
for you to purchase the new Contract rather than continue to own
your existing Contract. |
Buying Your
Contract –
Contract
Exchanges |
Surrender charges (as a percentage of
purchase payments surrendered)(1) |
RAVA 4 Advantage ten-year schedule |
RAVA 4 Advantage seven-year schedule |
RAVA 4 Select |
RAVA 4 Select Texas |
RAVA 4 Access |
Maximum |
8 % |
7 % |
7 % |
8 % |
None |
Number of completed years from date of each purchase payment |
0 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
RAVA 4 Advantage(2) ten-year schedule |
8% |
8% |
8% |
7% |
7% |
6% |
5% |
4% |
3% |
2% |
0% |
RAVA 4 Advantage
seven-year schedule |
7% |
7% |
7% |
6% |
5% |
4% |
2% |
0% |
|
|
|
RAVA 4 Select in Texas(3) |
8% |
7% |
6% |
0% |
|
|
|
|
|
|
|
Number of years from contract date |
1 |
2 |
3 |
Thereafter | |||||||
RAVA 4 Select (except Texas) |
7% |
7% |
7% |
0% |
|
|
|
|
|
|
|
RAVA 4 Access |
None |
Annual contract administrative charge |
Maximum: $50 |
Current: $50* |
RAVA 4 Advantage
for nonqualified annuities |
Current/Maximum: 1.05%
|
RAVA 4 Advantage
for qualified annuities |
Current/Maximum: 0.85% |
RAVA 4 Select
for nonqualified annuities |
Current/Maximum: 1.30%
|
RAVA 4 Select
for qualified annuities |
Current/Maximum: 1.10% |
RAVA 4 Access
for nonqualified annuities |
Current/Maximum: 1.45% |
RAVA 4 Access
for qualified annuities |
Current/Maximum: 1.25% |
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% |
Accumulation Benefit rider fee |
|
|
Contract purchase date |
Maximum annual rider fee |
Initial annual rider fee
and annual rider fee for elective step-ups before 10/20/2012 |
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% |
Elective step up date: |
If invested in Portfolio Navigator fund at the time of step-up: |
If invested in Portfolio Stabilizer fund at the time of step-up: |
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% |
SecureSource Flex – Single life rider fee |
Maximum: 2.00% |
Current: 0.95% |
SecureSource Flex – Joint life rider fee |
Maximum: 2.50% |
Current: 1.10% |
GWB for Life rider fee |
|
|
|
Maximum: 1.50% |
Initial: 0.65%(1) |
Fund name |
Maximum annual rider fee |
Current rider fee
as of 12/18/13 |
Portfolio Stabilizer funds |
1.50 % |
0.65 % |
Fund name |
Maximum annual rider fee |
Current rider fee
as of 12/18/13 |
Portfolio Navigator funds: |
|
|
Variable Portfolio – Conservative Portfolio (Class 2), (Class 4)
|
1.50 % |
0.65 % |
Variable Portfolio – Moderately Conservative Portfolio (Class 2), (Class
4) |
1.50 % |
0.65 % |
Variable Portfolio – Moderate Portfolio (Class 2), (Class 4)
|
1.50 % |
0.65 % |
Variable Portfolio – Moderately Aggressive Portfolio (Class 2), (Class
4) |
1.50 % |
0.95 % |
Variable Portfolio – Aggressive Portfolio (Class 2), (Class 4)
|
1.50 % |
1.10 % |
SecureSource® rider fees |
Contract purchase date |
Maximum annual rider fee |
Initial annual rider fee(2) |
prior to 1/26/2009, Single Life |
1.50 % |
0.65 % |
prior to 1/26/2009, Joint Life |
1.75 % |
0.85 % |
1/26/2009 and later, Single Life |
2.00 % |
0.90 % |
1/26/2009 and later, Joint Life |
2.50 % |
1.15 % |
|
|
Portfolio
Navigator funds | ||||
Contract purchase date |
All Portfolio
Stabilizer
funds |
Variable
Portfolio –
Conservative
Portfolio
(Class 2),
(Class 4) |
Variable
Portfolio –
Moderately
Conservative
Portfolio
(Class 2),
(Class 4) |
Variable
Portfolio –
Moderate
Portfolio
(Class 2),
(Class 4) |
Variable
Portfolio –
Moderately
Aggressive
Portfolio
(Class 2),
(Class 4) |
Variable
Portfolio –
Aggressive
Portfolio
(Class 2),
(Class 4) |
prior to 1/26/2009, Single Life |
0.65% |
0.65% |
0.65% |
0.65% |
0.90% |
1.00% |
prior to 1/26/2009, Joint Life |
0.85% |
0.85% |
0.85% |
0.85% |
1.10% |
1.20% |
1/26/2009 and later, Single Life |
0.90% |
0.90% |
0.90% |
0.90% |
1.00% |
1.10% |
1/26/2009 and later, Joint Life |
1.15% |
1.15% |
1.15% |
1.15% |
1.25% |
1.35% |
Total Annual Fund Expenses |
Minimum(%) |
Maximum(%) |
(expenses deducted from the Fund assets, including management fees, distribution and/or service
(12b-1) fees and other expenses) |
0.38 |
2.38 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Nonqualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA 4 Advantage |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$12,848 |
$23,052 |
$33,121 |
$54,713 |
$5,598 |
$16,693 |
$27,657 |
$54,663 |
With a seven-year surrender charge
schedule |
11,948 |
22,151 |
31,316 |
54,713 |
5,598 |
16,693 |
27,657 |
54,663 |
RAVA 4 Select |
12,196 |
17,439 |
28,809 |
56,743 |
5,846 |
17,389 |
28,759 |
56,693 |
RAVA 4 Select – Texas |
12,196 |
17,439 |
28,809 |
56,743 |
5,846 |
17,389 |
28,759 |
56,693 |
RAVA 4 Access |
4,633 |
13,856 |
23,156 |
46,747 |
4,583 |
13,806 |
23,106 |
46,697 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Qualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA 4 Advantage |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$12,650 |
$22,490 |
$32,243 |
$53,106 |
$5,400 |
$16,135 |
$26,784 |
$53,056 |
With a seven-year surrender charge
schedule |
11,750 |
21,589 |
30,440 |
53,106 |
5,400 |
16,135 |
26,784 |
53,056 |
RAVA 4 Select |
11,997 |
16,883 |
27,924 |
55,119 |
5,647 |
16,833 |
27,874 |
55,069 |
RAVA 4 Select – Texas |
11,997 |
16,883 |
27,924 |
55,119 |
5,647 |
16,833 |
27,874 |
55,069 |
RAVA 4 Access |
4,429 |
13,269 |
22,219 |
45,085 |
4,379 |
13,219 |
22,169 |
45,035 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Nonqualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA 4 Advantage |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$8,994 |
$11,604 |
$13,915 |
$17,273 |
$1,466 |
$4,554 |
$7,865 |
$17,223 |
With a seven-year surrender charge schedule |
8,060 |
10,604 |
11,915 |
17,273 |
1,466 |
4,554 |
7,865 |
17,223 |
RAVA 4 Select |
8,298 |
5,387 |
9,243 |
20,045 |
1,722 |
5,337 |
9,193 |
19,995 |
RAVA 4 Select – Texas |
8,298 |
5,387 |
9,243 |
20,045 |
1,722 |
5,337 |
9,193 |
19,995 |
RAVA 4 Access |
1,926 |
5,855 |
10,033 |
21,677 |
1,876 |
5,805 |
9,983 |
21,627 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
Qualified Annuity |
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA 4 Advantage |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$8,806 |
$10,975 |
$12,843 |
$15,005 |
$1,261 |
$3,925 |
$6,793 |
$14,955 |
With a seven-year surrender charge schedule |
7,869 |
9,975 |
10,843 |
15,005 |
1,261 |
3,925 |
6,793 |
14,955 |
RAVA 4 Select |
8,107 |
4,761 |
8,182 |
17,833 |
1,517 |
4,711 |
8,132 |
17,783 |
RAVA 4 Select – Texas |
8,107 |
4,761 |
8,182 |
17,833 |
1,517 |
4,711 |
8,132 |
17,783 |
RAVA 4 Access |
1,721 |
5,231 |
8,979 |
19,496 |
1,671 |
5,181 |
8,929 |
19,446 |
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 |
If paying by any other method: |
RAVA 4 Advantage |
RAVA 4 Select |
RAVA 4 Access |
initial payment for qualified annuities |
$1,000 |
$2,000 |
$2,000 |
initial payment for nonqualified annuities |
2,000 |
10,000 |
10,000 |
for any additional payments |
50 |
50 |
50 |
|
RAVA 4 Advantage |
RAVA 4 Select |
RAVA 4 Access |
For the first year: through age 85 |
$999,999 |
$999,999 |
$999,999 |
for ages 86 to 90 |
100,000 |
100,000 |
100,000 |
For each subsequent year: through age 85 |
100,000 |
100,000 |
100,000 |
for ages 86 to 90 |
50,000 |
50,000 |
50,000 |
Ten-year schedule* |
Seven-year schedule | ||
Number of completed years from date of each purchase payment** |
Surrender charge
percentage |
Number of completed years from date of each purchase payment** |
Surrender charge
percentage |
0 |
8 % |
0 |
7 % |
1 |
8 |
1 |
7 |
2 |
8 |
2 |
7 |
3 |
7 |
3 |
6 |
4 |
7 |
4 |
5 |
5 |
6 |
5 |
4 |
6 |
5 |
6 |
2 |
7 |
4 |
7 + |
0 |
8 |
3 |
|
|
9 |
2 |
|
|
10 + |
0 |
|
|
Contract year*** |
Surrender charge percentage |
1 |
7 % |
2 |
7 |
3 |
7 |
Thereafter |
0 |
Number of completed years from date of each purchase payment*** |
Surrender charge percentage |
0 |
8 % |
1 |
7 |
2 |
6 |
Thereafter |
0 |
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 |
RAVA 4 Advantage
for nonqualified annuities |
Maximum/Current: 1.05% |
RAVA 4 Advantage
for qualified annuities |
Maximum/Current: 0.85% |
RAVA 4 Select
for nonqualified annuities |
Maximum/Current: 1.30% |
RAVA 4 Select
for qualified annuities |
Maximum/Current: 1.10% |
RAVA 4 Access
for nonqualified annuities |
Maximum/Current: 1.45% |
RAVA 4 Access
for qualified annuities |
Maximum/Current:
1.25% |
Contract purchase date |
Maximum annual rider fee |
Initial annual rider fee
and annual rider fee for elective step-ups before 10/20/2012 |
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% |
Elective step up date: |
If invested in Portfolio Navigator fund at the time of step-up: |
If invested in Portfolio Stabilizer fund at the time of step-up: |
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% |
Fund name |
Maximum annual rider fee |
Initial annual rider fee and fee for elective step-ups
before 12/18/13 |
Current rider fee for elective step-ups
on or after 12/18/13 |
Portfolio Stabilizer funds |
1.50 % |
0.65 % |
0.65 % |
Portfolio Navigator funds: |
|
|
|
Variable Portfolio – Conservative Portfolio (Class 2),
(Class 4) |
1.50 % |
0.65 % |
0.65 % |
Variable Portfolio – Moderately Conservative Portfolio
(Class 2), (Class 4) |
1.50 % |
0.65 % |
0.65 % |
Variable Portfolio – Moderate Portfolio (Class 2), (Class 4)
|
1.50 % |
0.65 % |
0.65 % |
Variable Portfolio – Moderately Aggressive Portfolio
(Class 2), (Class 4) |
1.50 % |
0.65 % |
0.95 % |
Variable Portfolio – Aggressive Portfolio (Class 2), (Class 4)
|
1.50 % |
0.65 % |
1.10 % |
Contract purchase date |
Maximum annual rider fee |
Initial annual rider fee |
prior to 1/26/2009, Single Life |
1.50 % |
0.65 % |
prior to 1/26/2009, Joint Life |
1.75 % |
0.85 % |
1/26/2009 and later, Single Life |
2.00 % |
0.90 % |
1/26/2009 and later, Joint Life |
2.50 % |
1.15 % |
|
Portfolio
Navigator funds | |||||
Contract purchase date |
All Portfolio
Stabilizer funds |
Variable
Portfolio –
Conservative
Portfolio
(Class 2),
(Class 4) |
Variable Portfolio –
Moderately Conservative
Portfolio
(Class 2),
(Class 4) |
Variable Portfolio –
Moderate Portfolio (Class 2), (Class 4) |
Variable Portfolio –
Moderately Aggressive
Portfolio
(Class 2),
(Class 4) |
Variable Portfolio –
Aggressive Portfolio (Class 2), (Class 4) |
prior to 1/26/2009, Single Life |
0.65% |
0.65% |
0.65% |
0.65% |
0.90% |
1.00% |
prior to 1/26/2009, Joint Life |
0.85% |
0.85% |
0.85% |
0.85% |
1.10% |
1.20% |
1/26/2009 and later, Single Life |
0.90% |
0.90% |
0.90% |
0.90% |
1.00% |
1.10% |
1/26/2009 and later, Joint Life |
1.15% |
1.15% |
1.15% |
1.15% |
1.25% |
1.35% |
By investing an equal number
of dollars each month |
|
Month |
Amount invested |
Accumulation unit value |
Number of units purchased |
|
|
Jan |
$100 |
$20 |
5.00 |
|
|
Feb |
100 |
18 |
5.56 |
you automatically buy
more units when the
per unit market price is low |
|
Mar |
100 |
17 |
5.88 |
→ |
Apr |
100 |
15 |
6.67 | |
|
|
May |
100 |
16 |
6.25 |
|
|
June |
100 |
18 |
5.56 |
|
|
July |
100 |
17 |
5.88 |
and fewer units
when the per unit
market price is high. |
|
Aug |
100 |
19 |
5.26 |
→ |
Sept |
100 |
21 |
4.76 | |
|
|
Oct |
100 |
20 |
5.00 |
By spreading the investment over the term of the Special DCA |
|
Date |
SDCA Balance |
Portion Transferred |
Amount Transferred |
Accumulation unit value |
Number of units purchased |
you automatically buy
more units when the
per unit market price is low |
|
Jan 15 |
$10,000.00 |
|
|
|
|
|
Jan 22 |
10,002.86 |
1/6 |
$1,667.14 |
$18 |
92.62 | |
→ |
Feb 22 |
8,346.26 |
1/5 |
1,669.25 |
15 |
111.28 | |
and fewer units when the per unit market price is high. |
|
Mar 22 |
6,684.64 |
1/4 |
1,671.16 |
19 |
87.96 |
|
April 22 |
5,019.83 |
1/3 |
1,673.28 |
17 |
98.43 | |
→ |
May 22 |
3,350.64 |
1/2 |
1,675.32 |
21 |
79.78 | |
|
|
Jun 22 |
1,677.44 |
1/1 |
1,677.44 |
20 |
83.87 |
Minimum amount |
|
Transfers or surrenders: |
$250 or entire account balance |
Maximum amount |
|
Transfers or surrenders: |
Contract value or entire account balance |
Minimum amount |
|
Transfers or surrenders: |
$50 |
Maximum amount |
|
Transfers or surrenders: |
None (except for automated transfers from the regular fixed account) |
Minimum amount |
|
Transfers or surrenders: |
$250 or entire account balance |
Maximum amount |
|
Transfers: |
Contract value or entire account balance |
Surrenders: |
$100,000 |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Standard Benefits (no additional charge) | ||||
Dollar Cost
Averaging |
Allows the systematic transfer
of a specified dollar amount
among the subaccounts or
from the regular fixed account
to one or more eligible
subaccounts |
N/A |
N/A |
•Not allowed to the GPAs, the regular fixed account or the Special DCA fixed account •Not allowed if the PN
program is in effect, except
in connection with the
Special DCA fixed account
•Not available with a living benefit |
Special Dollar
Cost Averaging
(SDCA) |
Allows the systematic transfer
from the Special DCA fixed account to one or more
eligible subaccounts |
N/A |
N/A |
•Must be funded with a purchase payment of at least $10,000, not transferred contract value
•Only 6-month option available •Transfers occur on a
monthly basis and the first
monthly transfer occurs
seven days after we receive
your purchase payment
•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. Certain exceptions apply |
Asset
Rebalancing |
Allows you to have your
investments periodically
rebalanced among the
subaccounts to your
pre-selected percentages |
N/A |
N/A |
•You must have $2,000 in Contract Value to
participate.
•We require 30 days notice for you to change or cancel the program •You can request rebalancing
to be done either quarterly,
semiannually or annually
•Other restrictions may apply under the Portfolio Navigator Program |
Portfolio
Navigator (PN)
Program and
Portfolio
Stabilizer funds |
Your contract value is
allocated to the PN program
investment options or Portfolio
Stabilizer funds |
N/A |
N/A |
•Required for contracts with
living benefit riders |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Automated
Partial
Surrenders/
Systematic
Withdrawals |
Allows automated partial
surrenders from the contract |
N/A |
N/A |
•Additional systematic payments are not allowed with automated partial surrenders •For contracts with a
SecureSource rider, SecureSource Flex rider or
GWB for Life rider, you may
set up automated partial
surrenders up to the benefit
available for withdrawals
under the rider
•May result in income taxes and IRS penalty on all or a portion of amounts surrendered |
Nursing Home or
Hospital
Confinement |
Allows you to
withdraw contract
value without a
surrender charge |
N/A |
N/A |
•You must be under the age 76 on the contract issue date and the confinement must start after the contract issue date •You must be confined to a
hospital or nursing home for
the prior 60 days
• Must receive your surrender request no later than 91 days after your release from the hospital or nursing home •Amount withdrawn must be
paid directly to you
•Contract value is reduced by any purchase payment credits credited within 12 months of a withdrawal |
Terminal Illness |
Allows you to withdraw
contract value without a
surrender charge |
N/A |
N/A |
•You must be under the
age 76 on the date the
contract was issued
• Must be terminally ill and not expected to live more than 12 months; a licensed physician certifies to your illness, life expectancy and the date the terminal illness was initially diagnosed •Amount withdrawn must be
paid directly to you
•Contract value is reduced by any purchase payment credits credited within 12 months of a withdrawal |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Standard Death
Benefit
(available for
contract owners
age 75 and
younger) |
Provides a guaranteed death
benefit equal to the greater of
Contract Value, less any applicable rider charges and Purchase Payment Credits subject to reversal ,or purchase payments minus adjusted partial surrenders |
N/A |
N/A |
•Withdrawals will proportionately reduce the benefit, which means your benefit could be reduced by more than the dollar amount of your withdrawals, and such reductions could be significant •Annuitizing the Contract
terminates the benefit
•Contract Value is reduced by any purchase payment credits applied within 12 months of death and any applicable rider charges •When we calculate this
death benefit, we do not
consider purchase payments
credits as part of your
purchase payments |
Standard Death
Benefit
(available if any
contract owner
is age 76 and
older) |
Provides a minimum death
benefit equal to the Contract Value,less any Purchase
Payment Credits subject to
reversal and less any
applicable rider charges |
N/A |
N/A |
•Annuitizing the Contract terminates the benefit •Contract Value is reduced by
any purchase payment
credits applied within 12
months of death and any
applicable rider charges |
Optional Benefits | ||||
ROPP Death
Benefit |
Provides a guaranteed death
benefit equal to the greater of
the Contract Value, less any
applicable rider charges,
andPurchase Payment Credits
subject to reversal, or
purchase payments minus
adjusted partial surrenders |
0.30% of
contract value
in the variable
account |
0.20% |
•Available if any owner is
age 76 and older
•Must be elected at contract issue •Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals, and
such reductions could be
significant
•Annuitizing the Contract terminates the benefit •Contract Value is reduced by
any purchase payment
credits applied within 12
months of death and any
applicable rider charges
•When we calculate this death benefit, we do not consider purchase payments credits as part of your purchase payments |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
MAV Death
Benefit |
Increases the guaranteed
death benefit to the highest
anniversary contract value,
adjusted for any partial
surrenders |
0.35% of
contract value
in the variable
account |
0.25% |
•Available to owners age 75
and younger
•Must be elected at contract issue •No longer eligible to
increase on any contract
anniversary on/after your
81st birthday.
•Withdrawals will proportionately reduce the benefit, which means your benefit could be reduced by more than the dollar amount of your withdrawals. Such reductions could be significant. •Annuitizing the Contract
terminates the benefit
•When we calculate this death benefit, we do not consider purchase payment credits as part of your purchase payments •Contract Value is reduced by
any purchase payment
credits applied within 12
months of death and any
applicable rider charges |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
5-year MAV
Death Benefit |
Increases the guaranteed
death benefit to the highest
5th anniversary contract value,
adjusted for any partial
surrenders |
0.20% of
contract value
in the variable
account |
0.10% |
•Available to owners age 75 and younger •Must be elected at contract
issue
•No longer eligible to increase on any contract anniversary on/after your 81st birthday •Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals. Such
reductions could be
significant
•Annuitizing the Contract terminates the benefit •When we calculate this
death benefit, we do not
consider purchase payment
credits as part of your
purchase payments
•Contract Value is reduced by any purchase payment credits applied within 12 months of death and any applicable rider charges |
Enhanced
Earnings Death
Benefit (EEB) |
Provides an additional death
benefit, based on a
percentage of contract
earnings, to help offset
expenses after death such as
funeral expenses or federal
and state taxes |
0.40% of
contract value
in the variable
account |
0.30% |
•Available to owners age 75
and younger
•Must be elected at contract issue •Available with MAV and
5-year MAV
•For contract owners age 70 and older at the rider effective date, the benefit decreases from 40% to 15% of earnings •Annuitizing the Contract
terminates the benefit
•When we calculate this death benefit, we do not consider purchase payment credits as part of your purchase payments •Contract Value is reduced by
any purchase payment
credits applied within 12
months of death and any
applicable rider charges |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Enhanced
Earnings Plus
Death Benefit (EEP) |
Provides an additional death
benefit based on a percentage
of contract earnings and a
percentage of exchange
purchase payments, to help
offset expenses after death
such as funeral expenses or
federal and state taxes |
0.50% of
contract value
in the variable
account |
0.40% |
•Available only under
annuities purchased through
an exchange or direct
transfer from another
annuity or a life insurance
policy
•Exchange purchase payments must be identified at issue, received within 6 months from issue, and not be previously surrendered •Available to owners age 75
and younger
•Must be elected at contract issue •Available with MAV and
5-year MAV
•Annuitizing the Contract terminates the benefit •When we calculate this
death benefit, we do not
consider purchase payment
credits as part of your
purchase payments
•Contract Value is reduced by any purchase payment credits applied within 12 months of death and any applicable rider charges •The percentage of exchange
purchase payments varies
by age and is subject to a
vesting schedule
•For contract owners age 70 and older at the rider effective date, the benefit decreases from 40% to 15% of earnings |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
SecureSource
Flex |
Provides two income options,
regardless of investment
performance - a lifetime
income guarantee beginning at
a certain age that lasts as
long as you live or a principal
back guarantee option that is
available at any time, but is
not guaranteed for life |
Single
Life: 2.00% of contract
value or the Remaining Benefit Amount, whichever is greater Joint Life: 2.50% of
contract value or the Remaining Benefit Amount, whichever is greater |
Single
Life: 0.95% Joint Life: 1.10% |
•Not available for RAVA 4 Access contract •Available to owners age 80
or younger
•Must be elected at contract issue •Available as a Single Life or
Joint Life option
•Not available under an inherited qualified annuity
•Subject to Investment Allocation restrictions •Certain withdrawals could
significantly reduce the
guaranteed amounts under
the rider and the rider will
terminate if the contract value goes to zero due to an
excess withdrawal
•Withdrawals during the 3-year waiting period will set your benefits to zero until the end of the waiting period when they will be reestablished based on your
contract value at that time •Limitations on additional
purchase payments |
Guarantor
Withdrawal
Benefit for Life
(GWB for Life)
Rider |
Provides two income options,
regardless of investment
performance - a lifetime
income guarantee beginning at
certain age that lasts as long
as you live or a principal back
guarantee option that is
available at any time, but is
not guaranteed for life |
1.50% of
contract value or the Remaining Benefit Amount, whichever is greater |
Varies by issue
date, elective
step up date
and the fund
selected |
•Not available for RAVA 4
Access contract
•Available to owners age 80 or younger •Must be elected at contract
issue
•Not available under an inherited qualified annuity
•Subject to Investment Allocation restrictions •Certain withdrawals could
significantly reduce the
guaranteed amounts under
the rider and the rider will
terminate if the contract value goes to zero due to an
excess withdrawal
•Limitations on additional purchase payments |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
SecureSource rider |
Provides two income options,
regardless of investment
performance - a lifetime
income guarantee beginning at
certain age that lasts as long
as you live or a principal back
guarantee option that is
available at any time, but is
not guaranteed for life |
Contracts
issued after
1/26/
2009:Single Life: 2.00%
Joint
Life: 2.50% of contract value or the
Remaining
Benefit
Amount,
whichever is
greater
Contracts
issued prior to
1/26/
2009:Single Life: 1.50%
Joint
Life: 1.75% of contract value
or the
Remaining
Benefit
Amount,
whichever is
greater |
Varies by issue
date, elective
step up date
and the fund
selected |
•Not available for RAVA 4 Access contract •Available to owners age 80
or younger
•Must be elected at contract issue •Available as a Single Life or
Joint Life option
•Not available under an inherited qualified annuity
•Subject to Investment Allocation restrictions •Certain withdrawals could
significantly reduce the
guaranteed amounts under
the rider and the rider will
terminate if the contract value goes to zero due to an
excess withdrawal
contract value at that time •Limitations on additional
purchase payments |
Guaranteed
Minimum
Accumulation
Benefit
(Accumulation
Benefit) rider |
Provides 100% of initial
investment or 80% of highest
contract anniversary value
(adjusted for partial
surrenders) at the end of
10 year waiting period,
regardless of investment
performance |
2.50% of
contract value or the Minimum Contract Accumulation Value, whichever is greater |
Varies by issue
date, elective
step up date
and fund
selected |
•Available to owners age 80
or younger
•Must be elected at contract issue •Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals. Such
reductions could be
significant
•The rider ends when the Waiting Period expires •Limitations on additional
purchase payments
•Subject to Investment Allocation restrictions •Elective Step ups restart the
Waiting Period |
PS x
DB |
|
CV |
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. |
We calculate the death benefit as follows: |
|
| ||
|
The total purchase payments minus adjustments for partial surrenders: |
|
| |
|
Total purchase payments |
$20,000 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
| |
|
$1,500 × $20,000 |
= |
|
|
|
$18,000 |
|
| |
|
|
-1,667
|
| |
|
for a standard death benefit of: |
$18,333 |
| |
|
since this is greater than your contract value of $16,500 |
|
|
Rider year |
Percentage if you are under age
70 on the rider effective date |
Percentage if you are 70 or
older on the rider effective date |
One and Two |
0 % |
0 % |
Three and Four |
10 % |
3.75 % |
Five or more |
20 % |
7.5 % |
Rider year |
If you are under age 70 on
the rider effective date, add |
If you are age 70 or older on
the rider effective date, add |
One |
Zero |
Zero |
Two |
40% × earnings at death
(see above) |
15% × earnings at death |
Three and Four |
40% × (earnings at death + 25%
of exchange purchase payment*) |
15% × (earnings at death + 25%
of exchange purchase payment*) |
Five or more |
40% × (earnings at death + 50% of exchange purchase payment*) |
15% × (earnings at death + 50% of exchange purchase payment*) |
1 |
— |
(a/b) |
a |
= |
contract value at the end of the prior valuation period |
b |
= |
WAB at the end of the prior valuation period |
a × b |
where: |
c |
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. |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to maximize total
return consistent with
AllianceBernstein's
determination of
reasonable risk. |
AB VPS Dynamic Asset Allocation Portfolio
(Class B)1 AllianceBernstein L.P. |
1.10%2 |
13.48% |
4.03% |
3.22% |
Seeks long-term growth
of capital. |
AB VPS International Value Portfolio
(Class B)
AllianceBernstein L.P. |
1.15% |
14.83% |
5.55% |
1.83% |
Seeks long-term growth
of capital. |
AB VPS Large Cap Growth Portfolio (Class B)
AllianceBernstein L.P. |
0.91%2 |
34.78% |
17.56% |
14.60% |
Seeks long-term growth
of capital. |
AB VPS Relative Value Portfolio (Class B)
AllianceBernstein L.P. |
0.86%2 |
11.72% |
11.57% |
9.05% |
Seeks long-term growth
of capital. |
AB VPS Sustainable Global Thematic
Portfolio (Class B)
AllianceBernstein L.P. |
1.17%2 |
15.70% |
13.27% |
9.33% |
Seeks long-term capital
appreciation. |
Allspring VT Opportunity Fund - Class 2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
sub-adviser. |
1.00%2 |
26.50% |
14.74% |
10.32% |
Seeks long-term capital
appreciation. |
Allspring VT Small Cap Growth Fund -
Class 2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
sub-adviser. |
1.17% |
4.11% |
7.68% |
6.60% |
The Portfolio seeks
investment results that
correspond (before fees
and expenses) generally
to the price and yield
performance of its
underlying index, the
Alerian Midstream
Energy Select Index (the
"Index"). |
ALPS | Alerian Energy Infrastructure
Portfolio: Class III
ALPS Advisors, Inc. |
1.30%2 |
13.91% |
10.67% |
2.70% |
Seeks high total
investment return. |
BlackRock Global Allocation V.I. Fund
(Class III)
BlackRock Advisors, LLC, adviser; BlackRock
(Singapore) Limited and BlackRock
International Limited, sub-advisers. |
1.02%2 |
12.49% |
7.39% |
4.63% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks long-term growth
of capital. Under normal
circumstances, the fund
invests at least 80% of
its assets in equity
securities of companies
with small market
capitalizations and
related investments. |
ClearBridge Variable Small Cap Growth
Portfolio - Class I
Legg Mason Partners Fund Advisor, LLC,
investment manager; ClearBridge
Investments, LLC, sub-adviser. (Western
Asset Management Company manages the
portion of cash and short-term investments
allocated to it) |
0.80% |
8.40% |
9.56% |
7.89% |
Seeks maximum total
investment return
through a combination
of capital growth and
current income. |
Columbia Variable Portfolio - Balanced Fund
(Class 3)
Columbia Management Investment Advisers,
LLC |
0.89% |
21.23% |
10.83% |
7.94% |
Seeks to provide
shareholders with total
return. |
Columbia Variable Portfolio - Commodity
Strategy Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.01%2 |
(7.14%) |
9.08% |
(0.97%) |
Seeks total return,
consisting of long-term
capital appreciation and
current income. |
Columbia Variable Portfolio - Contrarian Core
Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
31.88% |
16.54% |
11.54% |
Seeks to provide
shareholders with
capital appreciation. |
Columbia Variable Portfolio - Disciplined
Core Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.81% |
24.21% |
13.69% |
11.02% |
Seeks to provide
shareholders with a high
level of current income
and, as a secondary
objective, steady growth
of capital. |
Columbia Variable Portfolio - Dividend
Opportunity Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.87%2 |
4.95% |
10.34% |
7.87% |
Non-diversified fund that
seeks to provide
shareholders with high
total return through
current income and,
secondarily, through
capital appreciation. |
Columbia Variable Portfolio - Emerging
Markets Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.00%2 |
10.02% |
1.57% |
2.20% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Emerging
Markets Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
1.22%2 |
9.31% |
3.54% |
2.51% |
Seeks to provide
shareholders with high
total return through
income and growth of
capital. |
Columbia Variable Portfolio - Global Strategic
Income Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.72%2 |
9.81% |
2.18% |
0.42% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with
maximum current
income consistent with
liquidity and stability of
principal. |
Columbia Variable Portfolio - Government
Money Market Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.49%2 |
4.61% |
1.56% |
0.95% |
Seeks to provide
shareholders with high
current income as its
primary objective and,
as its secondary
objective, capital
growth. |
Columbia Variable Portfolio - High Yield Bond
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.77%2 |
12.08% |
5.47% |
4.32% |
Seeks to provide
shareholders with a high
total return through
current income and
capital appreciation. |
Columbia Variable Portfolio - Income
Opportunities Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.77%2 |
11.51% |
5.15% |
4.12% |
Seeks to provide
shareholders with a high
level of current income
while attempting to
conserve the value of
the investment for the
longest period of time. |
Columbia Variable Portfolio - Intermediate
Bond Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.64% |
6.19% |
1.47% |
2.12% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Large Cap
Growth Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.85% |
42.95% |
18.14% |
13.51% |
Seeks to provide
shareholders with
long-term capital
appreciation. |
Columbia Variable Portfolio - Large Cap Index
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.38% |
25.82% |
15.23% |
11.56% |
Seeks to provide
shareholders with a
level of current income
consistent with
preservation of capital. |
Columbia Variable Portfolio - Limited
Duration Credit Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.66%2 |
6.66% |
2.36% |
1.65% |
Seeks total return,
consisting of current
income and capital
appreciation. |
Columbia Variable Portfolio - Long
Government/Credit Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.74%2 |
6.68% |
0.81% |
1.67% |
Seeks to provide
shareholders with
capital appreciation. |
Columbia Variable Portfolio - Overseas Core
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.92% |
15.47% |
8.09% |
3.51% |
Seeks to provide
shareholders with
long-term growth of
capital. |
Columbia Variable Portfolio - Select Large
Cap Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.83% |
5.23% |
11.99% |
8.99% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with
growth of capital. |
Columbia Variable Portfolio - Select Mid Cap
Growth Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
25.08% |
12.93% |
9.51% |
Seeks to provide
shareholders with
long-term growth of
capital. |
Columbia Variable Portfolio - Select Mid Cap
Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
10.18% |
13.20% |
8.29% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Select Small
Cap Value Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.98%2 |
12.97% |
10.05% |
6.32% |
Seeks to provide
shareholders with
current income as its
primary objective and,
as its secondary
objective, preservation
of capital. |
Columbia Variable Portfolio -
U.S. Government Mortgage Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.59% |
5.55% |
0.04% |
1.45% |
The portfolio is
designed to achieve
positive total return
relative to the
performance of the
Bloomberg Commodity
Index Total Return
("BCOM Index"). |
Credit Suisse Trust - Commodity Return
Strategy Portfolio, Class 1
Credit Suisse Asset Management, LLC |
1.05% |
(9.11%) |
7.23% |
(1.21%) |
Non-diversified fund that
seeks to provide
shareholders with total
return that exceeds the
rate of inflation over the
long term. |
CTIVP® - BlackRock Global Inflation-Protected
Securities Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; BlackRock Financial
Management, Inc., subadviser; BlackRock
International Limited, sub-subadviser. |
0.75%2 |
3.95% |
1.04% |
2.23% |
Seeks to provide
shareholders with
long-term capital growth. |
CTIVP® - Principal Blue Chip Growth Fund
(Class 1)
Columbia Management Investment Advisers,
LLC, adviser; Principal Global Investors, LLC,
subadviser. |
0.70% |
39.54% |
15.67% |
13.48% |
Seeks to provide
shareholders with
long-term growth of
capital. |
CTIVP® - Victory Sycamore Established Value
Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; Victory Capital Management
Inc., subadviser. |
0.95% |
9.81% |
14.18% |
10.58% |
Seeks capital
appreciation. |
DWS Alternative Asset Allocation VIP,
Class B3 DWS Investment Management Americas Inc., adviser; RREEF America L.L.C., subadvisor. |
1.21% |
5.67% |
5.70% |
2.63% |
Seeks high level of
current income. |
Eaton Vance VT Floating-Rate Income Fund -
Initial Class
Eaton Vance Management |
1.17% |
11.21% |
4.13% |
3.22% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks long-term capital
appreciation. |
Fidelity® VIP Contrafund® Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.81% |
33.12% |
16.36% |
11.33% |
Seeks long-term growth
of capital. |
Fidelity® VIP Mid Cap Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.82% |
14.80% |
12.17% |
7.85% |
Seeks long-term growth
of capital. |
Fidelity® VIP Overseas Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, FIL Investment Advisers, FIL
Investment Advisers (UK) Limited and FIL
Investments (Japan) Limited,
subadvisers. |
0.98% |
20.22% |
9.71% |
4.65% |
Seeks a high level of
current income and may
also seek capital
appreciation. |
Fidelity® VIP Strategic Income Portfolio
Service Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, FIL Investment Advisers, FIL
Investment Advisers (UK) Limited and FIL
Investments (Japan) Limited,
subadvisers. |
0.90% |
9.18% |
3.47% |
3.10% |
Seeks high total return.
Under normal market
conditions, the fund
invests at least 80% of
its net assets in
investments of
companies located
anywhere in the world
that operate in the real
estate sector. |
Franklin Global Real Estate VIP Fund -
Class 2
Franklin Templeton Institutional, LLC |
1.25%2 |
11.43% |
3.88% |
3.78% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to maximize
income while
maintaining prospects
for capital appreciation.
Under normal market
conditions, the fund
invests in a diversified
portfolio of equity and
debt securities. |
Franklin Income VIP Fund - Class 2
Franklin Advisers, Inc. |
0.71%2 |
8.62% |
6.98% |
5.01% |
Seeks capital
appreciation, with
income as a secondary
goal. Under normal
market conditions, the
fund invests primarily in
U.S. and foreign equity
securities that the
investment manager
believes are
undervalued. |
Franklin Mutual Shares VIP Fund - Class 2
Franklin Mutual Advisers, LLC |
0.93% |
13.46% |
7.81% |
5.43% |
Seeks long-term total
return. Under normal
market conditions, the
fund invests at least
80% of its net assets in
investments of small
capitalization
companies. |
Franklin Small Cap Value VIP Fund - Class 2
Franklin Mutual Advisers, LLC |
0.91%2 |
12.75% |
11.06% |
7.04% |
Seeks long-term growth
of capital. |
Goldman Sachs VIT Multi-Strategy
Alternatives Portfolio - Advisor Shares3 Goldman Sachs Asset Management, L.P. |
1.36%2 |
7.53% |
4.00% |
- |
Seeks long-term growth
of capital and dividend
income. |
Goldman Sachs VIT U.S. Equity Insights
Fund - Institutional Shares
Goldman Sachs Asset Management, L.P. |
0.56%2 |
23.81% |
13.60% |
10.97% |
Non-diversified fund that
seeks capital growth. |
Invesco V.I. American Franchise Fund,
Series II Shares
Invesco Advisers, Inc. |
1.11% |
40.60% |
15.88% |
11.42% |
Seeks total return with a
low to moderate
correlation to traditional
financial market indices. |
Invesco V.I. Balanced-Risk Allocation Fund,
Series II Shares1 Invesco Advisers, Inc. |
1.13%2 |
6.40% |
4.66% |
3.79% |
Seeks capital growth
and income through
investments in equity
securities, including
common stocks,
preferred stocks and
securities convertible
into common and
preferred stocks. |
Invesco V.I. Comstock Fund, Series II Shares
Invesco Advisers, Inc. |
1.00% |
12.10% |
13.20% |
8.65% |
Seeks capital
appreciation. |
Invesco V.I. Discovery Mid Cap Growth Fund,
Series II Shares
Invesco Advisers, Inc. |
1.12% |
12.85% |
12.47% |
9.52% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
reasonable current
income and long-term
growth of income and
capital. |
Invesco V.I. Diversified Dividend Fund,
Series II Shares
Invesco Advisers, Inc. |
0.93% |
8.77% |
9.53% |
7.53% |
Seeks long-term growth
of capital. |
Invesco V.I. EQV International Equity Fund,
Series II Shares
Invesco Advisers, Inc. |
1.15% |
17.86% |
8.15% |
4.07% |
Seeks capital
appreciation. |
Invesco V.I. Global Fund, Series II Shares
Invesco Advisers, Inc. |
1.07% |
34.45% |
12.02% |
8.21% |
Seeks total return |
Invesco V.I. Global Strategic Income Fund,
Series II Shares
Invesco Advisers, Inc. |
1.17%2 |
8.60% |
1.04% |
1.25% |
Seeks long-term growth
of capital. |
Invesco V.I. Health Care Fund, Series II
Shares
Invesco Advisers, Inc. |
1.23% |
2.77% |
8.49% |
6.60% |
Seeks capital
appreciation. |
Invesco V.I. Main Street Fund®, Series II
Shares
Invesco Advisers, Inc. |
1.05%2 |
22.83% |
13.28% |
9.74% |
Seeks capital
appreciation. |
Invesco V.I. Main Street Small Cap Fund®,
Series II Shares
Invesco Advisers, Inc. |
1.13% |
17.82% |
12.79% |
8.66% |
Seeks long-term capital
growth, consistent with
preservation of capital
and balanced by current
income. |
Janus Henderson Balanced Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.87% |
15.13% |
9.37% |
7.73% |
Seeks to obtain
maximum total return,
consistent with
preservation of capital. |
Janus Henderson Flexible Bond Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.82%2 |
5.29% |
1.55% |
1.66% |
Seeks long-term growth
of capital. |
Janus Henderson Research Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.82% |
42.81% |
16.54% |
12.21% |
Seeks total return. |
Lazard Retirement Global Dynamic
Multi-Asset Portfolio - Service Shares1 Lazard Asset Management, LLC |
1.05%2 |
10.81% |
4.00% |
3.77% |
Seeks long-term capital
growth. Income is a
secondary objective. |
LVIP American Century Mid Cap Value Fund,
Service Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
1.01%2 |
6.03% |
10.90% |
8.61% |
Seeks capital growth. |
LVIP American Century Ultra® Fund, Service
Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
0.90%2 |
43.27% |
19.07% |
14.47% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks long-term capital
growth. Income is a
secondary objective. |
LVIP American Century Value Fund, Service
Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
0.86%2 |
9.02% |
11.71% |
8.36% |
Seeks to provide total
return. |
Macquarie VIP Asset Strategy Series -
Service Class (previously Delaware Ivy VIP
Asset Strategy, Class II)
Ivy Investment Management Company |
0.85%2 |
13.90% |
8.27% |
3.48% |
Seeks capital
appreciation. |
MFS® Massachusetts Investors Growth
Stock Portfolio - Service Class
Massachusetts Financial Services Company |
0.98%2 |
23.70% |
16.39% |
12.44% |
Seeks total return. |
MFS® Utilities Series - Service Class
Massachusetts Financial Services Company |
1.04%2 |
(2.33%) |
8.05% |
6.13% |
The Fund seeks
long-term capital growth
by investing primarily in
common stocks and
other equity securities. |
Morgan Stanley VIF Discovery Portfolio,
Class II Shares
Morgan Stanley Investment Management
Inc. |
1.05%2 |
44.13% |
10.83% |
8.38% |
The Fund seeks to
provide current income
and capital
appreciation. |
Morgan Stanley VIF Global Real Estate
Portfolio, Class II Shares
Morgan Stanley Investment Management
Inc., adviser; Morgan Stanley Investment
Management Limited and Morgan Stanley
Investment Management Company,
subadvisers. |
1.10%2 |
10.47% |
0.30% |
1.69% |
Seeks long-term growth
of capital by investing
primarily in securities of
companies that meet
the Fund's
environmental, social
and governance (ESG)
criteria. |
Neuberger Berman AMT Sustainable Equity
Portfolio (Class S)
Neuberger Berman Investment Advisers LLC |
1.16% |
26.57% |
13.69% |
9.74% |
Seeks maximum real
return, consistent with
preservation of real
capital and prudent
investment
management. |
PIMCO VIT All Asset Portfolio, Advisor Class3 Pacific Investment Management Company LLC (PIMCO) |
2.29%2 |
8.02% |
5.90% |
3.93% |
Seeks total return which
exceeds that of a blend
of 60% MSCI World
Index/40% Barclays
U.S. Aggregate Index. |
PIMCO VIT Global Managed Asset Allocation
Portfolio, Advisor Class3 Pacific Investment Management Company LLC (PIMCO) |
1.34%2 |
12.85% |
7.20% |
5.14% |
Seeks maximum total
return, consistent with
preservation of capital
and prudent investment
management. |
PIMCO VIT Total Return Portfolio, Advisor
Class
Pacific Investment Management Company
LLC (PIMCO) |
0.85% |
5.83% |
0.98% |
1.60% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks high current
income, consistent with
preservation of capital,
with capital appreciation
as a secondary
consideration. Under
normal market
conditions, the fund
invests at least 80% of
its net assets in debt
securities of any
maturity. |
Templeton Global Bond VIP Fund - Class 2
Franklin Advisers, Inc. |
0.75%2 |
2.88% |
(2.13%) |
(0.66%) |
Seeks long-term capital
appreciation by
investing in common
stocks of gold-mining
companies. The Fund
may take current
income into
consideration when
choosing investments. |
VanEck VIP Global Gold Fund (Class S
Shares)
Van Eck Associates Corporation |
1.45%2 |
10.41% |
9.61% |
4.61% |
Seeks to provide a high
level of total return that
is consistent with an
aggressive level of risk. |
Variable Portfolio - Aggressive Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
1.05% |
17.22% |
9.19% |
6.47% |
Seeks to provide a high
level of total return that
is consistent with an
aggressive level of risk. |
Variable Portfolio - Aggressive Portfolio
(Class 4)3 Columbia Management Investment Advisers, LLC |
1.05% |
17.19% |
9.20% |
6.47% |
Seeks to provide a high
level of total return that
is consistent with a
conservative level of
risk. |
Variable Portfolio - Conservative Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
0.88%2 |
8.46% |
2.66% |
2.50% |
Seeks to provide a high
level of total return that
is consistent with a
conservative level of
risk. |
Variable Portfolio - Conservative Portfolio
(Class 4)3 Columbia Management Investment Advisers, LLC |
0.88%2 |
8.39% |
2.64% |
2.50% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Risk Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.02%2 |
12.26% |
5.14% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Risk U.S. Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.00% |
14.54% |
6.90% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Conservative Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.95% |
7.87% |
2.39% |
2.33% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Conservative Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.98% |
9.98% |
3.66% |
3.05% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility Growth
Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.02% |
14.59% |
6.34% |
4.44% |
Pursues total return
while seeking to
manage the Fund’s
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Moderate Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.99% |
12.27% |
5.07% |
3.84% |
Seeks to provide a high
level of total return that
is consistent with a
moderate level of risk. |
Variable Portfolio - Moderate Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
0.97% |
12.96% |
6.12% |
4.63% |
Seeks to provide a high
level of total return that
is consistent with a
moderate level of risk. |
Variable Portfolio - Moderate Portfolio
(Class 4)3 Columbia Management Investment Advisers, LLC |
0.97% |
12.94% |
6.12% |
4.63% |
Seeks to provide a high
level of total return that
is consistent with a
moderately aggressive
level of risk. |
Variable Portfolio - Moderately Aggressive
Portfolio (Class 2)3 Columbia Management Investment Advisers, LLC |
1.01% |
14.93% |
7.56% |
5.50% |
Seeks to provide a high
level of total return that
is consistent with a
moderately aggressive
level of risk. |
Variable Portfolio - Moderately Aggressive
Portfolio (Class 4)3 Columbia Management Investment Advisers, LLC |
1.01% |
14.91% |
7.57% |
5.50% |
Seeks to provide a high
level of total return that
is consistent with a
moderately conservative
level of risk. |
Variable Portfolio - Moderately Conservative
Portfolio (Class 2)3 Columbia Management Investment Advisers, LLC |
0.94% |
10.50% |
4.32% |
3.54% |
Seeks to provide a high
level of total return that
is consistent with a
moderately conservative
level of risk. |
Variable Portfolio - Moderately Conservative
Portfolio (Class 4)3 Columbia Management Investment Advisers, LLC |
0.94% |
10.48% |
4.31% |
3.53% |
Seeks to provide
shareholders with
long-term capital growth. |
Variable Portfolio - Partners Core Equity Fund
(Class 3)
Columbia Management Investment Advisers,
LLC, adviser; J.P. Morgan Investment
Management Inc. and T. Rowe Price
Associates, Inc., subadvisers. |
0.82% |
24.55% |
14.45% |
10.33% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with
long-term capital
appreciation. |
Variable Portfolio - Partners Small Cap Value
Fund (Class 3)
Columbia Management Investment Advisers,
LLC, adviser; Segall Bryant & Hamill, LLC
and William Blair Investment Management,
LLC, subadvisers. |
0.94%2 |
11.26% |
8.34% |
4.83% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Conservative
Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.96% |
11.22% |
3.90% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Growth Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.94% |
16.80% |
6.67% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Moderate
Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.94% |
13.87% |
5.37% |
- |
Seeks long-term capital
appreciation. |
Wanger Acorn
Columbia Wanger Asset Management, LLC |
0.95%2 |
21.74% |
7.51% |
7.20% |
Seeks long-term capital
appreciation. |
Wanger International
Columbia Wanger Asset Management, LLC |
1.14%2 |
16.95% |
6.45% |
3.50% |
Seeks to maximize total
return. |
Western Asset Variable Global High Yield
Bond Portfolio - Class II
Legg Mason Partners Fund Adviser, LLC;
Western Asset Management Company, LLC,
Western Asset Management Company
Limited & Western Asset Management Pte.
Ltd., sub-advisors. |
1.08% |
9.96% |
3.17% |
2.63% |
Early surrender amount |
× |
[ |
( |
1 + i |
) |
(n/12)
|
–1 |
] |
= |
MVA |
1 + j + .001 |
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). |
$1,000 |
× |
[ |
( |
1.030 |
) |
(84/12)
|
–1 |
] |
= |
-$39.84 |
1 + .035 + .001 |
$1,000 |
× |
[ |
( |
1.030 |
) |
(84/12)
|
–1 |
] |
= |
$27.61 |
1 + .025 + .001 |
|
|
Contract with Gain |
Contract with Loss |
|
|
|
Contract Value at time of full surrender: |
$120,000.00 |
$80,000.00 |
|
|
|
Contract Value on prior anniversary: |
115,000.00 |
85,000.00 |
|
|
Step 1. |
We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: |
|
|
|
|
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
10% of the prior anniversary’s contract value: |
11,500.00
|
8,500.00
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
Step 2. |
We determine the TFA that is from Purchase Payments: |
|
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
Purchase Payments being Surrendered Free (PPF): |
0.00 |
8,500.00 |
|
|
Step 3. |
We calculate the Premium Ratio (PR): |
|
|
|
|
|
PR = [WD – TFA] / [CV – TFA] |
|
|
|
|
|
WD = |
120,000.00 |
80,000.00 |
= |
the amount of the surrender |
|
TFA = |
20,000.00 |
8,500.00 |
= |
the total free amount, step 1 |
|
CV = |
120,000.00 |
80,000.00 |
= |
the contract
value at the time of the
surrender |
|
PR = |
100% |
100% |
= |
the premium
ratio |
Step 4. |
We calculate Chargeable Purchase Payments being Surrendered (CPP): |
|
|
|
|
|
CPP = PR × (PP – PPF) |
|
|
|
|
|
PR = |
100% |
100% |
= |
premium ratio, step 3 |
|
PP = |
100,000.00 |
100,000.00 |
= |
purchase
payments not previously
surrendered |
|
PPF = |
0.00 |
8,500.00 |
= |
purchase
payments being surrendered
free, step 2 |
|
CPP = |
100,000.00 |
91,500.00 |
|
|
|
|
Contract with Gain |
Contract with Loss |
|
|
Step 5. |
We calculate the Surrender Charges: |
|
|
|
|
|
Chargeable Purchase Payments: |
100,000.00 |
91,500.00 |
|
|
|
Surrender Charge Percentage: |
7% |
7% |
|
|
|
Surrender Charge: |
7,000.00 |
6,405.00 |
|
|
Step 6. |
We calculate the Net Surrender Value: |
120,000.00 |
80,000.00 |
|
|
|
Contract Value Surrendered: |
(7,000.00 ) |
(6,405.00 ) |
|
|
|
Contract Charge (assessed upon full surrender): |
(50.00 ) |
(50.00 ) |
|
|
|
Net Full Surrender Proceeds: |
112,950.00 |
73,545.00 |
|
|
|
|
Contract with Gain |
Contract
with Loss |
|
|
|
Contract Value at time of partial surrender: |
$120,000.00 |
$80,000.00 |
|
|
|
Contract Value on prior anniversary: |
115,000.00 |
85,000.00 |
|
|
Step 1. |
We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: |
|
|
|
|
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
10% of the prior anniversary’s contract value: |
11,500.00
|
8,500.00
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
Step 2. |
We determine the TFA that is from Purchase Payments: |
|
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
Purchase Payments being Surrendered Free (PPF): |
0.00 |
8,500.00 |
|
|
Step 3. |
We calculate the Premium Ratio (PR): |
|
|
|
|
|
PR = [WD – TFA] / [CV – TFA] |
|
|
|
|
|
WD = |
50,000.00 |
50,000.00 |
= |
the amount of the surrender |
|
TFA = |
20,000.00 |
8,500.00 |
= |
the total free amount, step 1 |
|
CV = |
120,000.00 |
80,000.00 |
= |
the contract
value at the time of
surrender |
|
PR = |
30% |
58% |
= |
the premium
ratio |
|
|
Contract with Gain |
Contract with Loss |
|
|
Step 4. |
We calculate the Chargeable Purchase Payments being Surrendered (CPP): |
|
|
|
|
|
CPP = PR × (PP – PPF) |
|
|
|
|
|
PR = |
30% |
58% |
= |
premium ratio, step 3 |
|
PP = |
100,000.00 |
100,000.00 |
= |
purchase
payments not previously
surrendered |
|
PPF = |
0.00 |
8,500.00 |
= |
purchase
payments being surrendered
free, step 2 |
|
CPP = |
30,000.00 |
53,108.39 |
= |
chargeable
purchase payments being
surrendered |
Step 5. |
We calculate the Surrender Charges: |
|
|
|
|
|
Chargeable Purchase Payments: |
30,000.00 |
53,108.39 |
|
|
|
Surrender Charge Percentage: |
7% |
7% |
|
|
|
Surrender Charge: |
2,100 |
3,718 |
|
|
Step 6. |
We calculate the Net Surrender Value: |
|
|
|
|
|
Contract Value Surrendered: |
50,000.00 |
50,000.00 |
|
|
|
Surrender Charge: |
(2,100.00 ) |
(3,717.59 ) |
|
|
|
Net Partial Surrender Proceeds: |
47,900.00 |
46,282.41 |
|
|
|
|
Contract with Gain |
Contract with Loss |
|
|
|
Contract Value at time of full surrender: |
$120,000.00 |
$80,000.00 |
|
|
|
Contract Value on prior anniversary: |
115,000.00 |
85,000.00 |
|
|
Step 1. |
We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: |
|
|
|
|
|
Earnings in the Contract: |
20,000.00 |
0.00 |
|
|
|
10% of the prior anniversary’s contract value: |
11,500.00
|
8,500.00
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
Step 2. |
We determine the TFA and Amount Free that is from Purchase Payments: |
|
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
Purchase Payments being Surrendered Free (PPF): |
0.00 |
8,500.00 |
|
|
|
|
Contract with Gain |
Contract with Loss |
|
|
Step 3. |
We calculate the Premium Ratio (PR): |
|
|
|
|
|
PR = [WD – TFA] /[CV – TFA] |
|
|
|
|
|
WD = |
120,000.00 |
80,000.00 |
= |
the amount of the surrender |
|
TFA = |
20,000.00 |
8,500.00 |
= |
the total free amount, step 1 |
|
CV = |
120,000.00 |
80,000.00 |
= |
the contract
value at the time of the
surrender |
|
PR = |
100% |
100% |
|
|
Step 4. |
We calculate Chargeable Purchase Payments being Surrendered (CPP): |
|
|
|
|
|
CPP = PR × (PP – PPF) |
|
|
|
|
|
PR = |
100% |
100% |
= |
premium ratio, step 3 |
|
PP = |
100,000.00 |
100,000.00 |
= |
purchase
payments not previously
surrendered |
|
PPF = |
0.00 |
8,500.00 |
= |
purchase
payments being surrendered
free, step 2 |
|
CPP = |
100,000.00 |
91,500.00 |
|
|
Step 5. |
We calculate the Surrender Charges: |
|
|
|
|
|
Chargeable Purchase Payments: |
100,000.00 |
91,500.00 |
|
|
|
Surrender Charge Percentage: |
7% |
7% |
|
|
|
Surrender Charge: |
7,000.00 |
6,405.00 |
|
|
Step 6. |
We calculate the Net Surrender Value: |
120,000.00 |
80,000.00 |
|
|
|
Contract Value Surrendered: |
(7,000.00 ) |
(6,405.00 ) |
|
|
|
Contract Charge (assessed upon full surrender): |
(50.00 ) |
(50.00 ) |
|
|
|
Net Full Surrender Proceeds: |
112,950.00 |
73,545.00 |
|
|
|
|
Contract with Gain |
Contract with Loss |
|
|
|
Contract Value at time of partial surrender: |
$120,000.00 |
$80,000.00 |
|
|
|
Contract Value on prior anniversary: |
115,000.00 |
85,000.00 |
|
|
Step 1. |
We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: |
|
|
|
|
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
10% of the prior anniversary’s contract value: |
11,500.00
|
8,500.00
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
|
|
Contract with Gain |
Contract with Loss |
|
|
Step 2. |
We determine the Amount Free that is from Purchase Payments: |
|
|
|
|
|
Total Free Amount: |
20,000.00 |
8,500.00 |
|
|
|
Earnings in the contract: |
20,000.00 |
0.00 |
|
|
|
Purchase Payments being Surrendered Free |
|
|
|
|
|
(PPF): |
0.00 |
8,500.00 |
|
|
Step 3. |
We calculate the Premium Ratio (PR): |
|
|
|
|
|
PR = [WD – TFA] / [CV – TFA] |
|
|
|
|
|
WD = |
50,000.00 |
50,000.00 |
= |
the amount of the surrender |
|
TFA = |
20,000.00 |
8,500.00 |
= |
the total free amount, step 1 |
|
CV = |
120,000.00 |
80,000.00 |
= |
the contract
value at the time of
surrender |
|
PR = |
30% |
58% |
= |
the premium
ratio |
Step 4. |
We calculate the Chargeable Purchase Payments being Surrendered (CPP): |
|
|
|
|
|
CPP = PR × (PP – PPF) |
|
|
|
|
|
PR = |
30% |
58% |
= |
premium ratio, step 3 |
|
PP = |
100,000.00 |
100,000.00 |
= |
purchase
payments not previously
surrendered |
|
PPF = |
0.00 |
8,500.00 |
= |
purchase
payments being surrendered
free, step 2 |
|
CPP = |
30,000.00 |
53,108.39 |
= |
chargeable
purchase payments being surrendered |
Step 5. |
We calculate the Surrender Charges: |
|
|
|
|
|
Chargeable Purchase Payments: |
30,000.00 |
53,108.39 |
|
|
|
Surrender Charge Percentage: |
7% |
7% |
|
|
|
Surrender Charge: |
2,100 |
3,718 |
|
|
Step 6. |
We calculate the Net Surrender Value: |
|
|
|
|
|
Contract Value Surrendered: |
50,000.00 |
50,000.00 |
|
|
|
Surrender Charge: |
(2,100.00 ) |
(3,717.59 ) |
|
|
|
Net Partial Surrender Proceeds: |
47,900.00 |
46,282.41 |
|
|
We calculate the death benefit as follows: |
|
| ||
|
The total purchase payments minus adjustments for partial surrenders: |
|
| |
|
Total purchase payments minus adjusted partial surrenders, calculated as: |
$20,000 |
| |
|
$1,500 × $20,000 |
= |
1,667 |
|
|
$18,000 |
|
| |
|
a death benefit of: |
$18,333 |
|
We calculate the death benefit as follows: |
|
| ||
The maximum anniversary value immediately preceding the date of death plus any payments made since
that anniversary minus adjusted partial surrenders: |
|
| ||
|
Greatest of your contract anniversary contract values: |
$24,000 |
| |
|
plus purchase payments made since that anniversary: |
+0 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
| |
|
$1,500 × $24,000 |
= |
1,636 |
|
|
$22,000 |
|
| |
|
for a death benefit of: |
$22,364 |
|
We calculate the death benefit as follows: |
|
| ||
The maximum 5-year anniversary value immediately preceding the date of death plus any payments
made since that anniversary minus adjusted partial
surrenders: |
|
| ||
Greatest of your 5-year contract anniversary contract values: |
|
| ||
|
plus purchase payments made since that anniversary: |
+0 |
| |
|
adjusted partial surrenders, calculated as: |
|
| |
|
$1,500 × $30,000 |
= |
1,800 |
|
|
$25,000 |
|
|
|
for a death benefit of: |
$28,200 |
|
MAV death benefit amount (contract value): |
$110,000 |
plus the EEB which equals 40% of earnings at death (MAV death benefit amount minus payments not
previously surrendered): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value): |
$110,000 |
plus the EEB (40% of earnings at death): |
+4,000 |
0.40 × ($110,000 – $100,000) = |
|
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |
| ||
$110,000 – |
($50,000 x $110,000) |
= |
$57,619 |
$105,000 |
| ||
plus the EEB (40% of earnings at death): |
| ||
0.40 × ($57,619 – $55,000) = |
+1,048 | ||
Total death benefit of: |
$58,667 |
MAV death benefit amount (contract value): |
$200,000 |
plus the EEB (40% of earnings at death) 0.40 × 2.50 × ($55,000) = |
+55,000 |
Total death benefit of: |
$255,000 |
MAV death benefit amount (contract value less purchase payment credits reversed): |
$250,000 |
plus the EEB (40% of earnings at death) 0.40 × 2.50 × ($55,000) = |
+55,000 |
Total death benefit of: |
$305,000 |
MAV death benefit amount (contract value): |
$250,500 |
plus the EEB which equals 40% of earnings at death (the standard death benefit amount minus payments
not previously surrendered): |
|
0.40 × ($250,500 – $105,000) = |
+58,200 |
Total death benefit of: |
$308,700 |
MAV death benefit amount (contract value): |
$110,000 |
plus the EEP Part I which equals 40% of earnings at death (the MAV death benefit amount minus
purchase payments not previously surrendered): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value): |
$110,000 |
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: |
$124,000 |
MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |
| ||
$110,000 – |
($50,000 × $110,000) |
= |
$57,619 |
$105,000 | |||
plus the EEP Part I (40% of earnings at death): |
| ||
0.40 × ($57,619 – $55,000) = |
+1,048 | ||
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 × $55,000 = |
+5,500 | ||
Total death benefit of: |
$64,167 |
MAV death benefit amount (contract value): |
$200,000 |
plus the EEP Part I (40% of earnings at death) |
|
.40 × (2.50 × $55,000) = |
+55,000 |
plus the EEP Part II which after the fourth contract year equals 20% of exchange purchase payments
identified at issue and not previously surrendered: |
|
0.20 × $55,000 = |
+11,000 |
Total death benefit of: |
$266,000 |
MAV death benefit amount (contract value less purchase payment credits reversed): |
$250,000 |
plus the EEP Part I (40% of earnings at death) |
|
.40 × (2.50 × $55,000) = |
+55,000 |
plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments
identified at issue and not previously surrendered: |
|
0.20 × $55,000 = |
+11,000 |
Total death benefit of: |
$316,000 |
MAV death benefit amount (contract value): |
$250,500 |
plus the EEP Part I which equals 40% of earnings at death (the MAV death benefit minus payments
not previously surrendered): |
|
0.40 × ($250,500 – $105,000) = |
+58,200 |
plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments
identified at issue and not previously surrendered: |
|
0.20 × $55,000 = |
+11,000 |
Total death benefit of: |
$319,700 |
End of Contract Year |
Partial Surrender (beginning of year) |
MCAV Adjustment
for Partial Surrender |
MCAV |
Accumulation Benefit Amount |
Hypothetical Assumed Contract Value |
1 |
0 |
0 |
100,000 |
0 |
112,000 |
2 |
0 |
0 |
102,400 |
0 |
128,000 |
3 |
0 |
0 |
108,000 |
0 |
135,000 |
4 |
0 |
0 |
108,000 |
0 |
125,000 |
5 |
0 |
0 |
108,000 |
0 |
110,000 |
6 |
2,000 |
1,964 |
106,036 |
0 |
122,000 |
7 |
0 |
0 |
112,000 |
0 |
140,000 |
8 |
0 |
0 |
112,000 |
0 |
121,000 |
9 |
5,000 |
4,628 |
107,372 |
0 |
98,000 |
10 |
0 |
0 |
107,372 |
22,372 |
85,000 |
Contract
Duration
in Years |
Purchase
Payments |
Partial
Withdrawals |
Hypothetical Assumed
Contract Value |
WAB |
BDP |
Basic
Benefit |
Lifetime
Benefit | ||||
GBA |
RBA |
GBP |
RBP |
ALP |
RALP | ||||||
At Issue |
$100,000 |
NA |
$100,000 |
$100,000 |
0.0% |
$100,000 |
$100,000 |
$6,000 |
$0 |
NA |
NA |
1 |
0 |
0 |
98,000 |
100,000 |
2.0% |
100,000 |
100,000 |
6,000 |
0 |
NA |
NA |
2 |
0 |
0 |
105,000 |
105,000 |
0.0% |
105,000 |
105,000 |
6,300 |
0 |
NA |
NA |
3 |
0 |
0 |
125,000 |
125,000 |
0.0% |
125,000 |
125,000 |
7,500 |
7,500 |
NA |
NA |
3.5 |
0 |
6,000 |
111,000 |
118,590 |
6.4% |
125,000 |
119,000 |
7,500 |
1,500 |
NA |
NA |
4 |
0 |
0 |
104,000 |
118,590 |
12.3% |
125,000 |
119,000 |
7,500 |
7,500 |
7,140 (1) |
7,140 (1) |
5 |
0 |
0 |
90,000 |
118,590 |
24.1% |
125,000 |
119,000 |
6,250 (2) |
6,250 (2) |
5,950 (2) |
5,950 (2) |
6 |
0 |
0 |
95,000 |
118,590 |
19.9% |
125,000 |
119,000 |
7,500 |
7,500 |
7,140 |
7,140 |
Contract
Duration
in Years |
Purchase
Payments |
Partial
Withdrawals |
Hypothetical Assumed
Contract Value |
WAB |
BDP |
Basic
Benefit |
Lifetime
Benefit | ||||
GBA |
RBA |
GBP |
RBP |
ALP |
RALP | ||||||
6.5 |
0 |
7,500 |
87,500 |
87,500 (3) |
0.0% |
125,000 |
111,500 |
7,500 |
0 |
5,250 (3) |
0 |
7 |
0 |
0 |
90,000 |
90,000 |
0.0% |
125,000 |
111,500 |
7,500 |
7,500 |
5,400 |
5,400 |
7.5 |
0 |
10,000 |
70,000 |
70,000 (4) |
0.0% |
70,000 (4) |
70,000 (4) |
4,200 (4) |
0 |
4,200 (4) |
0 |
8 |
0 |
0 |
75,000 |
75,000 |
0.0% |
75,000 |
75,000 |
4,500 |
4,500 |
4,500 |
4,500 |
Contract
Duration
in Years |
Purchase
Payments |
Partial
Withdrawals |
Hypothetical
Assumed
Contract Value |
WAB |
BDP |
Basic
Benefit |
Lifetime
Benefit | ||||
GBA |
RBA |
GBP |
RBP |
ALP |
RALP | ||||||
At Issue |
$100,000 |
NA |
$100,000 |
$100,000 |
0.0% |
$100,000 |
$100,000 |
$6,000 |
$0 |
$6,000 |
$0 |
1 |
0 |
0 |
105,000 |
105,000 |
0.0% |
105,000 |
105,000 |
6,300 |
0 |
6,300 |
0 |
2 |
0 |
0 |
110,000 |
110,000 |
0.0% |
110,000 |
110,000 |
6,600 |
0 |
6,600 |
0 |
3 |
0 |
0 |
105,000 |
110,000 |
4.5% |
110,000 |
110,000 |
6,600 |
6,600 (1) |
6,600 |
6,600 (1) |
3.5 |
0 |
6,000 |
99,000 |
103,714 |
4.5% |
110,000 |
104,000 |
6,600 |
600 |
6,600 |
600 |
4 |
0 |
0 |
95,000 |
103,714 |
8.4% |
110,000 |
104,000 |
6,600 |
6,600 |
6,600 |
6,600 |
5 |
0 |
0 |
75,000 |
103,714 |
27.7% |
90,000 |
104,000 |
5,500 (2) |
5,500 (2) |
5,500 (2) |
5,500 (2) |
5.5 |
0 |
10,000 |
70,000 |
70,000 (3) |
0.0% |
70,000 |
70,000 |
3,500 (3) |
3,500 (3) |
3,500 (3) |
3,500 (3) |
6 |
0 |
0 |
75,000 |
75,000 |
0.0% |
75,000 |
75,000 |
4,500 |
4,500 |
4,500 |
4,500 |
7 |
0 |
0 |
70,000 |
70,000
(4) |
0.0% |
70,000
(4) |
70,000
(4) |
4,200
(4) |
4,200
(4) |
4,200
(4) |
4,200
(4) |
Contract Duration
in Years |
Purchase
Payments |
Partial
Withdrawals |
Hypothetical Assumed
Contract Value |
Basic
Withdrawal Benefit |
Lifetime
Withdrawal Benefit | ||||
GBA |
RBA |
GBP |
RBP |
ALP |
RALP | ||||
At Issue |
$100,000 |
$N/A |
$100,000 |
$100,000 |
$100,000 |
$7,000 |
$7,000 |
$N/A |
$N/A |
0.5 |
0 |
5,000 |
92,000 |
100,000 |
95,000 |
7,000 |
2,000 |
N/A |
N/A |
1 |
0 |
0 |
90,000 |
90,000 (1) |
90,000 (1) |
6,300 |
6,300 |
N/A |
N/A |
2 |
0 |
0 |
81,000 |
90,000 |
90,000 |
6,300 |
6,300 |
N/A |
N/A |
5 |
0 |
0 |
75,000 |
90,000 |
90,000 |
6,300 |
6,300 |
5,400 (2) |
5,400 (2) |
5.5 |
0 |
5,400 |
70,000 |
90,000 |
84,600 |
6,300 |
900 |
5,400 |
0 |
6 |
0 |
0 |
69,000 |
90,000 |
84,600 |
6,300 |
6,300 |
5,400 |
5,400 |
6.5 |
0 |
6,300 |
62,000 |
90,000 |
78,300 |
6,300 |
0 |
3,720 (3) |
0 |
7 |
0 |
0 |
64,000 |
90,000 |
78,300 |
6,300 |
6,300 |
3,840 |
3,840 |
7.5 |
0 |
10,000 |
51,000 |
51,000 (4) |
51,000 (4) |
3,570 |
0 |
3,060 (4) |
0 |
8 |
0 |
0 |
55,000 |
55,000 |
55,000 |
3,850 |
3,850 |
3,300 |
3,300 |
Contract Duration
in Years |
Purchase Payments |
Partial
Withdrawals |
Hypothetical Assumed
Contract Value |
Basic
Withdrawal Benefit |
Lifetime
Withdrawal Benefit | ||||
GBA |
RBA |
GBP |
RBP |
ALP |
RALP | ||||
At Issue |
$100,000 |
$N/A |
$100,000 |
$100,000 |
$100,000 |
$7,000 |
$7,000 |
$6,000 |
$6,000 |
1 |
0 |
0 |
105,000 |
105,000 |
105,000 |
7,350 |
7,000 (1) |
6,300 |
6,000 (1) |
2 |
0 |
0 |
110,000 |
110,000 |
110,000 |
7,700 |
7,000 (1) |
6,600 |
6,000 (1) |
3 |
0 |
0 |
110,000 |
110,000 |
110,000 |
7,700 |
7,700
(2) |
6,600 |
6,600
(2) |
Contract Duration
in Years |
Purchase
Payments |
Partial
Withdrawals |
Hypothetical Assumed
Contract Value |
Basic
Withdrawal Benefit |
Lifetime
Withdrawal Benefit | ||||
GBA |
RBA |
GBP |
RBP |
ALP |
RALP | ||||
3.5 |
0 |
6,600 |
110,000 |
110,000 |
103,400 |
7,700 |
1,100 |
6,600 |
0 |
4 |
0 |
0 |
115,000 |
115,000 |
115,000 |
8,050 |
8,050 |
6,900 |
6,900 |
4.5 |
0 |
8,050 |
116,000 |
115,000 |
106,950 |
8,050 |
0 |
6,900 (3) |
0 |
5 |
0 |
0 |
120,000 |
120,000 |
120,000 |
8,400 |
8,400 |
7,200 |
7,200 |
5.5 |
0 |
10,000 |
122,000 |
120,000 (4) |
110,000 (4) |
8,400 |
0 |
7,200 (4) |
0 |
6 |
0 |
0 |
125,000 |
125,000 |
125,000 |
8,750 |
8,750 |
7,500 |
7,500 |
6.5 |
0 |
0 |
110,000 |
125,000 |
125,000 |
8,750 |
8,750 |
6,600 (5) |
6,600 (5) |
7 |
0 |
0 |
105,000 |
125,000 |
125,000 |
8,750 |
8,750 |
6,600 |
6,600 |
Contract
Duration in Years |
Purchase Payments |
Partial Withdrawals |
Hypothetical Assumed
Contract Value |
Basic
Withdrawal Benefit |
Lifetime
Withdrawal Benefit | ||||
GBA |
RBA |
GBP |
RBP |
ALP |
RALP | ||||
At Issue |
$100,000 |
$N/A |
$100,000 |
$100,000 |
$100,000 |
$7,000 |
$7,000 |
$N/A |
$N/A |
0.5 |
0 |
5,000 |
92,000 |
100,000 |
95,000 |
7,000 |
2,000 |
N/A |
N/A |
1 |
0 |
0 |
90,000 |
90,000 (1) |
90,000 (1) |
6,300 |
6,300 |
N/A |
N/A |
2 |
0 |
0 |
81,000 |
90,000 |
90,000 |
6,300 |
6,300 |
N/A |
N/A |
6 |
0 |
0 |
75,000 |
90,000 |
90,000 |
6,300 |
6,300 |
5,400 (2) |
5,400 (2) |
6.5 |
0 |
5,400 |
70,000 |
90,000 |
84,600 |
6,300 |
900 |
5,400 |
0 |
7 |
0 |
0 |
69,000 |
90,000 |
84,600 |
6,300 |
6,300 |
5,400 |
5,400 |
7.5 |
0 |
6,300 |
62,000 |
90,000 |
78,300 |
6,300 |
0 |
3,720 (3) |
0 |
8 |
0 |
0 |
64,000 |
90,000 |
78,300 |
6,300 |
6,300 |
3,840 |
3,840 |
8.5 |
0 |
10,000 |
51,000 |
51,000 (4) |
51,000 (4) |
3,570 |
0 |
3,060 (4) |
0 |
9 |
0 |
0 |
55,000 |
55,000 |
55,000 |
3,850 |
3,850 |
3,300 |
3,300 |
9.5 |
0 |
0 |
54,000 |
55,000 |
55,000 |
3,850 |
3,850 |
3,300 |
3,300 |
10 |
0 |
0 |
52,000 |
55,000 |
55,000 |
3,850 |
3,850 |
3,300 |
3,300 |
Contract Duration in Years |
Purchase Payments |
Partial
Withdrawals |
Hypothetical Assumed
Contract Value |
Basic
Withdrawal Benefit |
Lifetime
Withdrawal Benefit | ||||
GBA |
RBA |
GBP |
RBP |
ALP |
RALP | ||||
At Issue |
$100,000 |
$N/A |
$100,000 |
$100,000 |
$100,000 |
$7,000 |
$7,000 |
$6,000 |
$6,000 |
1 |
0 |
0 |
105,000 |
105,000 |
105,000 |
7,350 |
7,000 (1) |
6,300 |
6,000 (1) |
2 |
0 |
0 |
110,000 |
110,000 |
110,000 |
7,700 |
7,000 (1) |
6,600 |
6,000 (1) |
3 |
0 |
0 |
110,000 |
110,000 |
110,000 |
7,700 |
7,700 (2) |
6,600 |
6,600 (2) |
3.5 |
0 |
6,600 |
110,000 |
110,000 |
103,400 |
7,700 |
1,100 |
6,600 |
0 |
4 |
0 |
0 |
115,000 |
115,000 |
115,000 |
8,050 |
8,050 |
6,900 |
6,900 |
4.5 |
0 |
8,050 |
116,000 |
115,000 |
106,950 |
8,050 |
0 |
6,900 (3) |
0 |
5 |
0 |
0 |
120,000 |
120,000 |
120,000 |
8,400 |
8,400 |
7,200 |
7,200 |
5.5 |
0 |
10,000 |
122,000 |
120,000 (4) |
110,000 (4) |
8,400 |
0 |
7,200 (4) |
0 |
6 |
0 |
0 |
125,000 |
125,000 |
125,000 |
8,750 |
8,750 |
7,500 |
7,500 |
6.5 |
0 |
0 |
110,000 |
125,000 |
125,000 |
8,750 |
8,750 |
7,500 |
7,500 |
7 |
0 |
0 |
105,000 |
125,000 |
125,000 |
8,750 |
8,750 |
7,500 |
7,500 |
Contract Duration
in Years |
Purchase Payments |
Partial
Withdrawals |
Hypothetical Assumed
Contract Value |
Basic
Withdrawal Benefit |
Lifetime
Withdrawal Benefit | ||||
GBA |
RBA |
GBP |
RBP |
ALP |
RALP | ||||
At Issue |
$100,000 |
$N/A |
$100,000 |
$100,000 |
$100,000 |
$7,000 |
$7,000 |
$N/A |
$N/A |
Contract Duration
in Years |
Purchase
Payments |
Partial
Withdrawals |
Hypothetical Assumed
Contract Value |
Basic
Withdrawal Benefit |
Lifetime
Withdrawal Benefit | ||||
GBA |
RBA |
GBP |
RBP |
ALP |
RALP | ||||
0.5 |
0 |
7,000 |
92,000 |
100,000 |
93,000 |
7,000 |
0 |
N/A |
N/A |
1 |
0 |
0 |
91,000 |
100,000 |
93,000 |
7,000 |
7,000 |
N/A |
N/A |
1.5 |
0 |
7,000 |
83,000 |
100,000 |
86,000 |
7,000 |
0 |
N/A |
N/A |
2 |
0 |
0 |
81,000 |
100,000 |
86,000 |
7,000 |
7,000 |
N/A |
N/A |
5 |
0 |
0 |
75,000 |
100,000 |
86,000 |
7,000 |
7,000 |
5,160 (1) |
5,160 (1) |
5.5 |
0 |
5,160 |
70,000 |
100,000 |
80,840 |
7,000 |
1,840 |
5,160 |
0 |
6 |
0 |
0 |
69,000 |
100,000 |
80,840 |
7,000 |
7,000 |
5,160 |
5,160 |
6.5 |
0 |
7,000 |
62,000 |
100,000 |
73,840 |
7,000 |
0 |
3,720 (2) |
0 |
7 |
0 |
0 |
70,000 |
100,000 |
73,840 |
7,000 |
7,000 |
4,200 |
4,200 |
7.5 |
0 |
10,000 |
51,000 |
51,000 (3) |
51,000 (3) |
3,570 |
0 |
3,060 (3) |
0 |
8 |
0 |
0 |
55,000 |
55,000 |
55,000 |
3,850 |
3,850 |
3,300 |
3,300 |
Contract Duration
in Years |
Purchase Payments |
Partial
Withdrawals |
Hypothetical Assumed
Contract Value |
Basic
Withdrawal Benefit |
Lifetime
Withdrawal Benefit | ||||
GBA |
RBA |
GBP |
RBP |
ALP |
RALP | ||||
At Issue |
$100,000 |
$N/A |
$100,000 |
$100,000 |
$100,000 |
$7,000 |
$7,000 |
$6,000 |
$6,000 |
1 |
0 |
0 |
105,000 |
105,000 |
105,000 |
7,350 |
7,000 (1) |
6,300 |
6,000 (1) |
2 |
0 |
0 |
110,000 |
110,000 |
110,000 |
7,700 |
7,000 (1) |
6,600 |
6,000 (1) |
3 |
0 |
0 |
110,000 |
110,000 |
110,000 |
7,700 |
7,700 (2) |
6,600 |
6,600 (2) |
3.5 |
0 |
6,600 |
110,000 |
110,000 |
103,400 |
7,700 |
1,100 |
6,600 |
0 |
4 |
0 |
0 |
115,000 |
115,000 |
115,000 |
8,050 |
8,050 |
6,900 |
6,900 |
4.5 |
0 |
8,050 |
116,000 |
115,000 |
106,950 |
8,050 |
0 |
6,900 (3) |
0 |
5 |
0 |
0 |
120,000 |
120,000 |
120,000 |
8,400 |
8,400 |
7,200 |
7,200 |
5.5 |
0 |
10,000 |
122,000 |
120,000 (4) |
110,000 (4) |
8,400 |
0 |
7,200 (4) |
0 |
6 |
0 |
0 |
125,000 |
125,000 |
125,000 |
8,750 |
8,750 |
7,500 |
7,500 |
|
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 |
|
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 |
|
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 |
Issued by: |
RiverSource Life Insurance Company (RiverSource Life) |
|
70100 Ameriprise Financial Center Minneapolis, MN 55474 Telephone: 1-800-862-7919 (Service Center) ameriprise.com/variableannuities RiverSource Variable Account 10 |
4
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87
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87 | |
88
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89 | |
90
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91 |
102
| |
104 | |
109
| |
115 | |
117
|
|
FEES AND EXPENSES
|
Location in
Statutory
Prospectus | ||
Charges for Early
Withdrawals |
Each Contract provides for different surrender charge periods and
percentages.
RAVA 5 Advantage. You may select either a seven-year or ten-year surrender charge schedule at the time of application. If you select a seven-year surrender charge schedule and you withdraw money during the first 7 years from date of each purchase payment, you may be assessed a
surrender charge of up to 7% of the purchase payment withdrawn. If you
elect a ten-year surrender charge schedule and you withdraw money
during the first 10 years from date of each purchase payment, you
may be assessed a surrender charge of up to 8% of the purchase
payment withdrawn. For example, if you select a seven-year
surrender charge schedule and make an early withdrawal, you could
pay a surrender charge of up to $7,000 on a $100,000 investment.
If you select a ten-year surrender charge schedule and make an
early withdrawal, you could pay a surrender charge of up to
$8,000 on a $100,000 investment. RAVA 5 Select.
If you withdraw money during the first 4 years from the contract date, you may be assessed a surrender charge of up to 7% of the
purchase payment withdrawn. For example, if you make a withdrawal
in the first year, you could pay a withdrawal charge of up to
$7,000 on a $100,000 investment.
RAVA 5 Access. No surrender charge is assessed. |
Fee Table and
Examples
Charges–
Surrender Charge | ||
Transaction
Charges |
We do not assess any transaction charges. |
|
|
FEES AND EXPENSES
|
Location in
Statutory
Prospectus | ||
Ongoing Fees and
Expenses (annual
charges) |
The table below describes the current fees and expenses that you may pay
each year, depending on the options you choose. Please refer to
your Contract Data page for information about the specific fees you will pay each year based on the options you have elected. |
Fee Table and
Examples
Expenses –
Product Charges
Appendix A: Funds
Available Under
the Contract | ||
Annual Fee |
Minimum |
Maximum | ||
Base Contract(1) (varies by Contract, surrender
charge schedule and size of
Contract Value) |
0.86% |
1.36% | ||
Fund options
(Funds fees and expenses)(2) |
0.38%
|
2.38%
| ||
Optional benefits available for an
additional charge
(for a single optional benefit, if
elected)(3) |
0.10% |
1.75% | ||
(1) As a percentage of average daily contract value in the variable account. Includes the
Mortality and Expense Fee and contract administrative charge.
(2) As a percentage of fund net assets.
(3) As a percentage of Contract Value or the greater of Contract Value or applicable
guaranteed benefit amount (varies by optional benefit). The Minimum is a
percentage of average daily contract value in the Variable Account. The Maximum is a percentage of the
greater of Contract Value or Minimum Contract Accumulation Value.
Because your Contract is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your Contract,
the following table shows the lowest and highest cost you could pay each
year, based on current charges. This estimate assumes that you do
not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. | ||||
Lowest Annual Cost:
$1,566
|
Highest Annual Cost:
$4,176
| |||
Assumes:
•Investment of $100,000 •5% annual appreciation
•Least expensive combination of Contract features and Fund fees
and expenses
•No optional benefits •No sales charge
•No additional purchase payments, transfers or withdrawals |
Assumes:
•Investment of $100,000 •5% annual appreciation
•Most expensive combination of Contract features, optional
benefits and Fund fees and
expenses
•No sales charge •No additional purchase payments,
transfers or withdrawals | |||
|
RISKS |
| ||
Risk of Loss |
You can lose money by investing in this Contract including loss of principal. |
Principal Risks | ||
Not a Short-Term
Investment |
•The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. •The RAVA 5 Advantage and RAVA 5 Select contracts have surrender
charges which may reduce the value of your Contract if you withdraw
money during the surrender charge period. Surrenders may also reduce
or terminate contract guarantees.
•The benefits of tax deferral, long-term income, and optional living benefit
guarantees mean the contract is generally more beneficial to investors
with a long term investment horizon. |
Principal Risks
Charges–
Surrender Charge |
|
RISKS |
Location in
Statutory
Prospectus | ||
Risks Associated
with Investment
Options |
•An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract. •Each investment option (including under any fixed account investment
options) has its own unique risks.
•You should review the investment options before making any investment decisions. |
Principal Risks
The Variable Account and the
Funds
The Guarantee Period Accounts (GPAs) The Fixed Account | ||
Insurance
Company Risks |
An investment in the Contract is subject to the risks related to us. Any
obligations (including under the Fixed Account) or guarantees and benefits
of the Contract that exceed the assets of the Variable Account are subject
to our claims-paying ability. If we experience financial distress, we may not
be able to meet our obligations to you. More information about
RiverSource Life, including our financial strength ratings, is available by contacting us at
1-800-862-7919. |
Principal Risks
The General
Account | ||
|
RESTRICTIONS |
| ||
Investments |
•Subject to certain restrictions, you may transfer your Contract value among the subaccounts without charge at any time before the annuitization start date, and once per contract year after the
annuitization start date. •Certain transfers out of the GPAs will be subject to an MVA.
•GPAs and the regular Fixed Account are subject to certain restrictions.
•We reserve the right to modify, restrict or suspend your transfer privileges if we determine that your transfer activity constitutes market
timing.
•We reserve the right to add, remove or substitute Funds as investment options. We also reserve the right, upon notification to you, to close or
restrict any Funds. |
Making the Most
of Your Contract –
Transferring
Among Accounts
Substitution of
Investments | ||
Optional Benefits |
•Certain optional benefits limit or restrict the investment options you may
select under the Contract. If you later decide you do not want to invest in
those approved investment options, you must request a full
surrender. •Certain optional benefits may limit subsequent purchase payments. •Withdrawals in excess of the amount allowed under certain optional
benefits may substantially reduce the benefit or even terminate
the benefit. |
Buying Your
Contract —Purchase Payments Optional Benefits – Important SecureSource Stages 2
Rider
Considerations
Appendix A: Funds
Available Under
the Contract | ||
|
TAXES |
| ||
Tax Implications |
•Consult with a tax advisor to determine the tax implications of an investment in and payments and withdrawals received under this Contract.
•If you purchase the Contract through a tax-qualified plan or individual retirement account, you do not get any additional tax benefit. •Earnings under your contract are taxed at ordinary income tax rates
generally when withdrawn. You may have to pay a tax penalty if you take
a withdrawal before age 59½. |
Taxes |
|
CONFLICTS OF INTEREST
|
Location in
Statutory
Prospectus | ||
Investment
Professional
Compensation |
Your investment professional may receive compensation for selling this
Contract to you, in the form of commissions, additional cash benefits (e.g., bonuses), and non-cash compensation. This financial incentive may influence your investment professional to recommend this Contract over another investment for which the investment professional is not compensated or compensated less. |
About the Service
Providers | ||
Exchanges |
If you already own an annuity or insurance Contract, some investment
professionals may have a financial incentive to offer you a new Contract in
place of the one you own. You should only exchange a Contract you already
own if you determine, after comparing the features, fees, and risks of both
Contracts, that it is better for you to purchase the new Contract rather than continue to own your existing Contract. |
Buying Your
Contract – Contract
Exchanges |
Surrender charges (as a percentage of purchase payments
surrendered) |
RAVA 5 Advantage ten-year schedule |
RAVA 5 Advantage seven-year schedule |
RAVA 5 Select |
RAVA 5 Access |
Maximum |
8 % |
7 % |
7 % |
None |
Number of completed years from date of each purchase payment(1) |
0 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
RAVA 5 Advantage
ten-year schedule |
8% |
8% |
8% |
7% |
6% |
5% |
4% |
3% |
2% |
1% |
0% |
RAVA 5 Advantage
seven-year schedule |
7% |
7% |
7% |
6% |
5% |
4% |
2% |
0% |
|
|
|
Number of years from contract date(2) |
1 |
2 |
3 |
4 |
5 |
|
|
|
|
|
|
RAVA 5 Select |
7% |
6% |
5% |
4% |
0% |
|
|
|
|
|
|
RAVA 5 Access |
None |
|
|
|
|
|
|
|
|
|
|
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 |
RAVA 5 Advantage
ten-year schedule |
Maximum/Current: 0.85% |
RAVA 5 Advantage
seven-year schedule |
Maximum/Current: 0.95% |
RAVA 5 Select |
Maximum/Current: 1.20% |
RAVA 5 Access |
Maximum/Current:
1.35% |
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 % |
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% |
Accumulation Protector Benefit® (APB®) rider
fee |
|
For applications signed: |
Maximum annual rider fee |
Initial annual rider fee
and annual rider fee for
elective step-ups before
10/20/2012 |
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% |
Elective step up date: |
If invested in Portfolio Navigator fund at the time of step-up: |
If invested in Portfolio Stabilizer fund at the time of step-up: |
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% |
SecureSource Stages® 2 –
Single life rider fee |
Maximum: 1.75% |
Current: 1.50%(1)
|
SecureSource Stages® 2 –
Joint life rider fee |
Maximum: 2.25% |
Current: 1.75%(1)
|
Total Annual Fund Expenses |
Minimum(%) |
Maximum(%) |
(expenses deducted from the Fund assets, including management fees, distribution and/or service
(12b-1) fees and other expenses) |
0.38 |
2.38 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
|
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA 5 Advantage |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$11,791 |
$20,291 |
$28,296 |
$50,102 |
$4,505 |
$13,866 |
$23,679 |
$50,052 |
With a seven-year surrender charge
schedule |
10,981 |
19,662 |
27,849 |
51,000 |
4,607 |
14,165 |
24,166 |
50,950 |
RAVA 5 Select |
10,318 |
18,562 |
25,422 |
53,204 |
4,862 |
14,911 |
25,372 |
53,154 |
RAVA 5 Access |
5,065 |
15,406 |
26,139 |
54,499 |
5,015 |
15,356 |
26,089 |
54,449 |
|
If you surrender your contract at the end of the applicable time period: |
If you do not surrender your contract or if you select an annuity payout plan at the end of the applicable time period: | ||||||
|
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
RAVA 5 Advantage |
|
|
|
|
|
|
|
|
With a ten-year surrender charge schedule |
$8,806 |
$10,975 |
$11,843 |
$15,005 |
$1,261 |
$3,925 |
$6,793 |
$14,955 |
With a seven-year surrender charge schedule |
7,964 |
10,290 |
11,380 |
16,144 |
1,363 |
4,240 |
7,330 |
16,094 |
RAVA 5 Select |
7,269 |
9,065 |
8,714 |
18,944 |
1,620 |
5,025 |
8,664 |
18,894 |
RAVA 5 Access |
1,823 |
5,543 |
9,507 |
20,592 |
1,773 |
5,493 |
9,457 |
20,542 |
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 |
By spreading the investment over the term of the Special DCA |
|
Date |
SDCA Balance |
Portion Transferred |
Amount Transferred |
Accumulation unit value |
Number of units purchased |
you automatically buy
more units when the
per unit market price is low |
|
Jan 15th |
$5,000.00 |
|
|
|
|
|
Jan 16th |
5,000.14 |
1/6 |
$833.36 |
$18 |
46.30 | |
→ |
Feb 16th |
4,170.30 |
1/5 |
834.06 |
15 |
55.60 | |
and fewer units when the per unit market price is high. |
|
Mar 16th |
3,338.79 |
1/4 |
834.70 |
19 |
43.93 |
|
April 16th |
2,506.20 |
1/3 |
835.40 |
17 |
49.14 | |
→ |
May 16th |
1,672.17 |
1/2 |
836.09 |
21 |
39.81 | |
|
|
Jun 16th |
836.79 |
1/1 |
836.79 |
20 |
41.84 |
|
RAVA 5 Advantage |
RAVA 5 Select |
RAVA 5 Access |
Qualified annuities |
$1,000 |
$2,000 |
$2,000 |
Nonqualified annuities |
$2,000 |
$10,000 |
$10,000 |
For the first year and total:
through age 85 |
$1,000,000 |
for ages 86 to 90 |
$100,000 |
age 91 or older |
$0 |
For each subsequent year:
through age 85 |
$100,000 |
for ages 86 to 90 |
$50,000 |
age 91 or older |
$0 |
Seven-year schedule |
Ten-year schedule | ||
Number of completed years from date of each purchase payment |
Surrender charge percentage applied to each purchase payment |
Number of completed years from date of each purchase payment |
Surrender charge Percentage applied to each purchase payment |
0 |
7 % |
0 |
8 % |
1 |
7 |
1 |
8 |
2 |
7 |
2 |
8 |
3 |
6 |
3 |
7 |
4 |
5 |
4 |
6 |
5 |
4 |
5 |
5 |
6 |
2 |
6 |
4 |
7 + |
0 |
7 |
3 |
|
|
8 |
2 |
|
|
9 |
1 |
|
|
10 + |
0 |
Contract Year |
Surrender charge percentage
applied to purchase payments |
1 |
7 % |
2 |
6 |
3 |
5 |
4 |
4 |
5+ |
0 |
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 |
RAVA 5 Advantage
ten-year schedule |
Maximum/Current: 0.85% |
RAVA 5 Advantage
seven-year schedule |
Maximum/Current: 0.95% |
RAVA 5 Select |
Maximum/Current: 1.20% |
RAVA 5 Access |
Maximum/Current:
1.35% |
ROPP Death Benefit(1) |
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% |
For applications signed: |
Maximum annual rider fee |
Initial annual rider fee
and annual rider fee for
elective step-ups before
10/20/2012 |
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% |
Elective step up date: |
If invested in Portfolio Navigator fund at the time of step-up: |
If invested in Portfolio Stabilizer fund at the time of step-up: |
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% |
By investing an equal number of dollars each month |
|
Month |
Amount invested |
Accumulation unit value |
Number of units purchased |
|
|
Jan |
$100 |
$20 |
5.00 |
|
|
Feb |
100 |
18 |
5.56 |
you automatically buy
more units when the
per unit market price is low |
|
Mar |
100 |
17 |
5.88 |
→ |
Apr |
100 |
15 |
6.67 | |
|
|
May |
100 |
16 |
6.25 |
|
|
June |
100 |
18 |
5.56 |
|
|
July |
100 |
17 |
5.88 |
and fewer units
when the per unit
market price is high. |
|
Aug |
100 |
19 |
5.26 |
→ |
Sept |
100 |
21 |
4.76 | |
|
|
Oct |
100 |
20 |
5.00 |
Income Guide Status Definitions | |||
Attention Needed |
Caution |
On Track |
More Available |
Prudent Income Amount is
more than 20% below your
current annual withdrawal
amount |
Prudent Income Amount is
from 10.1% to 20% below
your current annual
withdrawal amount |
Prudent Income Amount is
from 10% below up to
24.9% above your current
annual withdrawal amount |
Prudent Income Amount is more than 25% or more above your current annual withdrawal amount |
Income Guide Status |
What the Status Means |
Attention Needed |
Based on your contract value, it is projected that your withdrawal amount may not
be sustainable. |
Caution |
Based on your contract value, it is projected that your withdrawal amount is near
a point where it may not be sustainable. |
On Track |
Based on your contract value, it is projected that your withdrawal amount is
currently sustainable. Please note that the minimum 85% probability
assumed in the program only applies to the Prudent Income Amount and
not to the “On Track” status which includes a range
above and below the current Prudent Income Amount. |
More Available |
Based on your contract value and withdrawal amount, it is projected there are more
options available. |
Participant Age |
Single Option |
Joint Option |
Participant Age |
Single Option |
Joint Option |
Participant Age |
Single Option |
Joint Option |
50 |
3.0% |
2.5% |
66 |
4.6% |
4.1% |
81 |
6.3% |
5.8% |
51 |
3.1% |
2.6% |
67 |
4.7% |
4.2% |
82 |
6.6% |
6.1% |
52 |
3.2% |
2.7% |
68 |
4.8% |
4.3% |
83 |
6.9% |
6.4% |
53 |
3.3% |
2.8% |
69 |
4.9% |
4.4% |
84 |
7.2% |
6.7% |
54 |
3.4% |
2.9% |
70 |
5.0% |
4.5% |
85 |
7.5% |
7.0% |
55 |
3.5% |
3.0% |
71 |
5.1% |
4.6% |
86 |
8.0% |
7.5% |
56 |
3.6% |
3.1% |
72 |
5.2% |
4.7% |
87 |
8.5% |
8.0% |
57 |
3.7% |
3.2% |
73 |
5.3% |
4.8% |
88 |
9.0% |
8.5% |
58 |
3.8% |
3.3% |
74 |
5.4% |
4.9% |
89 |
9.5% |
9.0% |
59 |
3.9% |
3.4% |
75 |
5.5% |
5.0% |
90 |
10.0% |
9.5% |
60 |
4.0% |
3.5% |
76 |
5.6% |
5.1% |
91 |
10.5% |
10.0% |
61 |
4.1% |
3.6% |
77 |
5.7% |
5.2% |
92 |
11.0% |
10.5% |
62 |
4.2% |
3.7% |
78 |
5.8% |
5.3% |
93 |
11.5% |
11.0% |
63 |
4.3% |
3.8% |
79 |
5.9% |
5.4% |
94 |
12.0% |
11.5% |
64 |
4.4% |
3.9% |
80 |
6.0% |
5.5% |
95 |
12.5% |
12.0% |
65 |
4.5% |
4.0% |
|
|
|
|
|
|
Minimum amount |
|
Transfers or surrenders: |
$250 or entire account balance** |
Maximum amount |
|
Transfers or surrenders: |
Contract value or entire account balance |
Minimum amount |
|
Transfers or surrenders: |
$50 |
Maximum amount |
|
Transfers or surrenders: |
None (except for automated transfers from the regular fixed account) |
Minimum amount |
|
Transfers or surrenders: |
$250 or entire account balance |
Maximum amount |
|
Transfers: |
Contract value or entire account balance |
Surrenders: |
$100,000 |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Standard Benefits | ||||
Dollar Cost
Averaging |
Allows the systematic transfer
of a specified dollar amount
among the subaccounts or
from the regular fixed account
to one or more eligible
subaccounts |
N/A |
N/A |
•Transfers not available to the regular fixed account
•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 or $10,000, whichever is greater •Not available with a living
benefit |
Special Dollar
Cost Averaging
(SDCA) |
Allows the systematic transfer
from the Special DCA fixed account to one or more
eligible subaccounts |
N/A |
N/A |
•Must be funded with a purchase payment, not transferred contract value
•Only 6-month and 12-month options are available •Transfers occur on a
monthly basis and the first
monthly transfer occurs one
day after we receive your
purchase payment
•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 |
Asset
Rebalancing |
Allows you to have your
investments periodically
rebalanced among the
subaccounts to your
pre-selected percentages |
N/A |
N/A |
•You must have $2,000 in
Contract Value to participate. •We require 30 days notice
for you to change or cancel
the program
•You can request rebalancing to be done either quarterly, semiannually or annually |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Income Guide |
Provides reporting and
monitoring of withdrawals you
take from your annuity. |
N/A |
N/A |
•Contract owners must be at least age 50 and no older than age 85 •Available only if the servicing
broker-dealer on your
contract is Ameriprise
Financial Services, LLC
•Not available with a living benefit •Not available if you are
making substantially equal
withdrawals
•Not available if you have more than one systematic withdrawal program in place •Systematic withdrawals
must be set up according to
the all the terms of Income
Guide
•Your contract cannot have any loans |
Automated
Partial
Surrenders/
Systematic
Withdrawals |
Allows automated partial
surrenders from the contract |
N/A |
N/A |
•Additional systematic payments are not allowed with automated partial surrenders •For contracts with a
SecureSource Stages 2 rider
you may set up automated
partial surrenders up to the
benefit available for
withdrawals under the rider
•May result in income taxes and IRS penalty on all or a portion of the amounts surrendered |
Nursing Home or
Hospital
Confinement |
Allows you to withdraw
contract value without a
surrender charge |
N/A |
N/A |
•You must be confined to a
hospital or nursing home for
the prior 60 days or
confinement began within
30 days following a 60 day
confinement period
•You must be under age 76 on the contract issue date and confinement must start after the contract issue date •Must receive your surrender
request no later than 91
days after your release from
the hospital or nursing home
•Amount withdrawn must be paid directly to you |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Terminal Illness |
Allows you to withdraw
contract value without a
surrender charge |
N/A |
N/A |
•Terminal Illness diagnosis must occur in after the first contract year •Must be terminally ill and
not expected to live more
than 12 months
•Amount withdrawn must be paid directly to you |
Standard Death
Benefit
(available for
contract owners
age 79 and
younger) |
Provides a guaranteed death
benefit equal to the greatest
of the Return of Purchase
Payment Value (ROPP),
Contract Value after any rider charges have been deducted, or the Full Surrender Value |
N/A |
N/A |
•Withdrawals will proportionately reduce the benefit, which means your benefit could be reduced by more than the dollar amount of your withdrawals, and such reductions could be significant •Annuitizing the Contract
terminates the benefit. |
Standard Death
Benefit
(available if any
contract owner
is age 80 and
older) |
Provides a minimum death
benefit equal to the greater of
the Contract Value after any
rider charges have been
deducted or the Full Surrender
Value |
N/A |
N/A |
•Annuitizing the Contract terminates the benefit |
Optional Benefits | ||||
ROPP Death
Benefit |
Provides a guaranteed death
benefit equal to the greatest
of the Return of Purchase
Payment Value,Contract Value
after any rider charges have
been deducted, or the Full
Surrender Value |
0.35% of
average daily
contract value
in the variable
account |
0.35% |
•Available if any owner is
age 80 and older
•Must be elected at contract issue •Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals, and
such reductions could be
significant
•Annuitizing the Contract terminates the benefit |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
MAV Death
Benefit |
Increases the guaranteed
death benefit to the highest
anniversary contract value,
adjusted for any partial
surrenders |
0.25% of
average daily
contract value
in the variable
account |
0.25% |
•Available to owners age 79 and younger •Must be elected at contract
issue
•No longer eligible to increase on any contract anniversary following your 81st birthday. •Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals. Such
reductions could be
significant.
•Annuitizing the Contract terminates the benefit |
5-year MAV
Death Benefit |
Increases the guaranteed
death benefit to the highest
5th anniversary contract value,
adjusted for any partial
surrenders |
0.10% of
average daily
contract value
in the variable
account |
0.10% |
•Available to owners age 75 and younger •Must be elected at contract
issue
•No longer eligible to increase on any contract anniversary following your 81st birthday. •Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals. Such
reductions could be
significant
•Annuitizing the Contract terminates the benefit |
5% Accumulation
Death Benefit |
Increases the guaranteed
death benefit to the 5%
accumulation death benefit,
adjusted for any partial
surrenders |
0.40% of
average daily
contract value
in the variable
account |
0.40% |
•Available to owners age 79
and younger
•Must be elected at contract issue •Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals. Such
reductions could be
significant
•Annuitizing the Contract terminates the benefit |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Enhanced Death
Benefit |
Increases the guaranteed
death benefit to the greater of
MAV and the 5% accumulation
death benefit, adjusted for any
partial surrenders |
0.45% of
average daily
contract value
in the variable
account |
0.45% |
•Available to owners age 79 and younger •Must be elected at contract
issue
•Withdrawals will proportionately reduce the benefit, which means your benefit could be reduced by more than the dollar amount of your withdrawals. Such reductions could be significant •Annuitizing the Contract
terminates the benefit |
Benefit Protector
Death Benefit |
Provides an additional death
benefit, based on a
percentage of contract
earnings, to help offset
expenses after death such as
funeral expenses or federal
and state taxes |
0.25% of
contract value |
0.25% |
•Available to owners age 75
and younger
•Must be elected at contract issue •Only available if elected with
the Standard Death Benefit
(for owners age 79 or
younger), MAV and 5-year
MAV
•For contract owners age 70 and older, the benefit decreases from 40% to 15% of earnings •Annuitizing the Contract
terminates the benefit |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Benefit Protector
Plus Death
Benefit |
Provides an additional death
benefit, based on a
percentage
of contract earnings and a
percentage of exchange
purchase payments, to help
offset expenses after death
such as funeral expenses or
federal and state taxes |
0.40% of
contract value |
0.40% |
•Available to owners age 75 and younger •Must be elected at contract
issue
•Available only under annuities purchased through an exchange, transfer or rollover from another annuity or life insurance contract •Exchanged purchase
payments must be received
within 6 months from issue
and not previously
surrendered
•Only available if elected with the Standard Death Benefit (for owners age 79 or younger), MAV and 5-year MAV •For contract owners age 70
and older, the benefit
decreases from 40% to 15%
of earnings
•The percentage of purchase payments varies by age and is subject to a vesting schedule. •Annuitizing the Contract
terminates the benefit |
SecureSource
Stages 2 |
Provides lifetime income
regardless of investment
performance |
Single
Life: 1.75% Joint Life: 2.25% of
contract
value or the Benefit Base, whichever is greater |
Varies by issue
date |
•Available to owners age 85
or younger
•Must be elected at contract issue •Available as a Single Life or
Joint Life option
•Not available under an inherited qualified annuity
•Subject to Investment Allocation restrictions •Certain withdrawals could
significantly reduce the
guaranteed amounts under
the rider and the rider will
terminate if the contract value goes to zero due to an
excess withdrawal
•Limits additional purchase payments |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Accumulation
Protector
Benefit® |
Provides 100% of initial
investment or 80% of highest
contract anniversary value
(adjusted for partial
surrenders) at the end of
10 year waiting period,
regardless of investment
performance |
1.75% of
contract value or the Minimum Contract Accumulation Value, whichever is greater |
Varies by issue
date, elective
step up date
and the Fund
selected |
•Available to owners age 80
or younger
•Must be elected at contract issue •Not available with
SecureSource Stages 2 benefit rider •Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals. Such
reductions could be
significant
•The rider ends when the Waiting Period expires •Limitations on additional
purchase payments
•Subject to Investment Allocation restrictions •Step ups restart the Waiting
Period |
PS ×
DB |
|
CV |
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
surrender. |
CV |
= |
the contract value on the date of (but prior to) the partial surrender. |
|
We calculate the death benefit as follows: |
|
| |
|
The total purchase payments minus adjustments for partial surrenders: |
$20,000 |
| |
|
Total purchase payments minus adjusted partial surrenders, calculated as: |
|
| |
|
$1,500 × $20,000 |
= |
–1,667
|
|
|
$18,000 |
|
| |
|
for a standard death benefit of: |
$18,333 |
| |
|
since this is greater than your contract value of $16,500 |
|
|
a × b |
where: |
c |
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. |
a × b |
where: |
c |
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. |
A |
= |
the contract value (after any rider charges have been deducted) in the Protected Accounts on that date,
and |
B |
= |
Variable account floor on that date (but prior to the reset). |
A |
= |
the contract value (after any rider charges have been deducted) in the Excluded Accounts on that date,
and |
B |
= |
EAB on that date (but prior to the reset). |
Rider year when death occurs: |
Percentage if you are
under age
70 on the rider
effective date |
Percentage if you are
70 or older
on the rider effective
date |
One and Two |
0 % |
0 % |
Three and Four |
10 % |
3.75 % |
Five or more |
20 % |
7.5 % |
Rider year when death occurs |
If you are under age 70 on
the rider effective date, add… |
If you are age 70 or older on
the rider effective date, add… |
One |
Zero |
Zero |
Two |
40% × earnings at death
(see above) |
15% × earnings at death |
Three and Four |
40% × (earnings at death + 25%
of initial purchase payment*) |
15% × (earnings at death + 25%
of initial purchase payment*) |
Five or more |
40% × (earnings at death + 50% of initial purchase payment*) |
15% × (earnings at death + 50% of initial purchase payment*) |
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 |
a x b |
where: |
c |
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 |
d x e |
where: |
f |
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. |
g x h |
where: |
i |
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. |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to maximize total
return consistent with
AllianceBernstein's
determination of
reasonable risk. |
AB VPS Dynamic Asset Allocation Portfolio
(Class B)1 AllianceBernstein L.P. |
1.10%2 |
13.48% |
4.03% |
3.22% |
Seeks long-term growth
of capital. |
AB VPS Large Cap Growth Portfolio (Class B)
AllianceBernstein L.P. |
0.91%2 |
34.78% |
17.56% |
14.60% |
Seeks long-term capital
appreciation. |
Allspring VT Opportunity Fund - Class 2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
sub-adviser. |
1.00%2 |
26.50% |
14.74% |
10.32% |
Seeks long-term capital
appreciation. |
Allspring VT Small Cap Growth Fund -
Class 2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
sub-adviser. |
1.17% |
4.11% |
7.68% |
6.60% |
The Portfolio seeks
investment results that
correspond (before fees
and expenses) generally
to the price and yield
performance of its
underlying index, the
Alerian Midstream
Energy Select Index (the
"Index"). |
ALPS | Alerian Energy Infrastructure
Portfolio: Class III
ALPS Advisors, Inc. |
1.30%2 |
13.91% |
10.67% |
2.70% |
Seeks high total
investment return. |
BlackRock Global Allocation V.I. Fund
(Class III)
BlackRock Advisors, LLC, adviser; BlackRock
(Singapore) Limited and BlackRock
International Limited, sub-advisers. |
1.02%2 |
12.49% |
7.39% |
4.63% |
Seeks maximum total
investment return
through a combination
of capital growth and
current income. |
Columbia Variable Portfolio - Balanced Fund
(Class 3)
Columbia Management Investment Advisers,
LLC |
0.89% |
21.23% |
10.83% |
7.94% |
Seeks to provide
shareholders with total
return. |
Columbia Variable Portfolio - Commodity
Strategy Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.01%2 |
(7.14%) |
9.08% |
(0.97%) |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks total return,
consisting of long-term
capital appreciation and
current income. |
Columbia Variable Portfolio - Contrarian Core
Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.95%2 |
31.88% |
16.54% |
11.54% |
Seeks to provide
shareholders with
capital appreciation. |
Columbia Variable Portfolio - Disciplined
Core Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.93% |
24.08% |
13.54% |
10.89% |
Seeks to provide
shareholders with a high
level of current income
and, as a secondary
objective, steady growth
of capital. |
Columbia Variable Portfolio - Dividend
Opportunity Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.99%2 |
4.84% |
10.20% |
7.74% |
Non-diversified fund that
seeks to provide
shareholders with high
total return through
current income and,
secondarily, through
capital appreciation. |
Columbia Variable Portfolio - Emerging
Markets Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.00%2 |
10.02% |
1.57% |
2.20% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Emerging
Markets Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.34%2 |
9.19% |
3.40% |
2.38% |
Seeks to provide
shareholders with high
total return through
income and growth of
capital. |
Columbia Variable Portfolio - Global Strategic
Income Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.84%2 |
9.47% |
2.05% |
0.28% |
Seeks to provide
shareholders with
maximum current
income consistent with
liquidity and stability of
principal. |
Columbia Variable Portfolio - Government
Money Market Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.61%2 |
4.48% |
1.49% |
0.89% |
Seeks to provide
shareholders with high
current income as its
primary objective and,
as its secondary
objective, capital
growth. |
Columbia Variable Portfolio - High Yield Bond
Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.89%2 |
11.87% |
5.31% |
4.17% |
Seeks to provide
shareholders with a high
total return through
current income and
capital appreciation. |
Columbia Variable Portfolio - Income
Opportunities Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.89%2 |
11.36% |
5.02% |
4.00% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with a high
level of current income
while attempting to
conserve the value of
the investment for the
longest period of time. |
Columbia Variable Portfolio - Intermediate
Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.76% |
5.96% |
1.34% |
1.99% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Large Cap
Growth Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.97% |
42.77% |
17.98% |
13.37% |
Seeks to provide
shareholders with
long-term capital
appreciation. |
Columbia Variable Portfolio - Large Cap Index
Fund (Class 3)
Columbia Management Investment Advisers,
LLC |
0.38% |
25.82% |
15.23% |
11.56% |
Seeks to provide
shareholders with a
level of current income
consistent with
preservation of capital. |
Columbia Variable Portfolio - Limited
Duration Credit Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.66%2 |
6.66% |
2.36% |
1.65% |
Seeks total return,
consisting of current
income and capital
appreciation. |
Columbia Variable Portfolio - Long
Government/Credit Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.74%2 |
6.68% |
0.81% |
1.67% |
Seeks to provide
shareholders with
capital appreciation. |
Columbia Variable Portfolio - Overseas Core
Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.04% |
15.32% |
7.96% |
3.37% |
Seeks to provide
shareholders with
long-term growth of
capital. |
Columbia Variable Portfolio - Select Large
Cap Value Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.95% |
5.11% |
11.86% |
8.85% |
Seeks to provide
shareholders with
growth of capital. |
Columbia Variable Portfolio - Select Mid Cap
Growth Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.07%2 |
24.92% |
12.79% |
9.38% |
Seeks to provide
shareholders with
long-term growth of
capital. |
Columbia Variable Portfolio - Select Mid Cap
Value Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.07%2 |
10.05% |
13.05% |
8.16% |
Seeks to provide
shareholders with
long-term capital growth. |
Columbia Variable Portfolio - Select Small
Cap Value Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
1.10%2 |
12.85% |
9.91% |
6.18% |
Seeks total return,
consisting of current
income and capital
appreciation. |
Columbia Variable Portfolio - Strategic
Income Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.94%2 |
9.20% |
2.91% |
2.99% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with
current income as its
primary objective and,
as its secondary
objective, preservation
of capital. |
Columbia Variable Portfolio -
U.S. Government Mortgage Fund (Class 2)
Columbia Management Investment Advisers,
LLC |
0.71% |
5.43% |
(0.07%) |
1.33% |
Seeks to provide
shareholders with a high
level of current income. |
CTIVP® - American Century Diversified Bond
Fund (Class 2)
Columbia Management Investment Advisers,
LLC, adviser; American Century Investment
Management, Inc., subadviser. |
0.75% |
5.33% |
1.11% |
1.77% |
Non-diversified fund that
seeks to provide
shareholders with total
return that exceeds the
rate of inflation over the
long term. |
CTIVP® - BlackRock Global Inflation-Protected
Securities Fund (Class 2)
Columbia Management Investment Advisers,
LLC, adviser; BlackRock Financial
Management, Inc., subadviser; BlackRock
International Limited, sub-subadviser. |
0.87%2 |
3.89% |
0.93% |
2.11% |
Seeks to provide
shareholders with
current income and
capital appreciation. |
CTIVP® - CenterSquare Real Estate Fund
(Class 2)
Columbia Management Investment Advisers,
LLC, adviser; CenterSquare Investment
Management LLC, subadviser. |
1.06% |
13.56% |
7.73% |
5.46% |
Seeks to provide
shareholders with
long-term capital growth. |
CTIVP® - MFS® Value Fund (Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Massachusetts Financial
Services Company, subadviser. |
0.87%2 |
7.77% |
11.06% |
8.24% |
Seeks to provide
shareholders with
long-term capital growth. |
CTIVP® - Principal Blue Chip Growth Fund
(Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Principal Global Investors, LLC,
subadviser. |
0.95% |
39.20% |
15.38% |
13.20% |
Seeks to provide
shareholders with
long-term growth of
capital and income. |
CTIVP® - T. Rowe Price Large Cap Value Fund
(Class 2)
Columbia Management Investment Advisers,
LLC, adviser; T. Rowe Price Associates, Inc.,
subadviser. |
0.95% |
9.28% |
10.86% |
7.23% |
Seeks to provide
shareholders with total
return through current
income and capital
appreciation. |
CTIVP® - TCW Core Plus Bond Fund (Class 2)
Columbia Management Investment Advisers,
LLC, adviser; TCW Investment Management
Company LLC, subadviser. |
0.74% |
5.54% |
1.02% |
1.50% |
Seeks to provide
shareholders with
long-term growth of
capital. |
CTIVP® - Victory Sycamore Established Value
Fund (Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Victory Capital Management
Inc., subadviser. |
1.07% |
9.67% |
14.04% |
10.44% |
Seeks to provide
shareholders with
long-term capital growth. |
CTIVP® - Westfield Mid Cap Growth Fund
(Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Westfield Capital Management
Company, L.P., subadviser. |
1.07%2 |
25.17% |
14.29% |
9.69% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with
long-term capital growth. |
CTIVP® - Westfield Select Large Cap Growth
Fund (Class 2) (previously CTIVP® - Morgan
Stanley Advantage Fund (Class 2))
Columbia Management Investment Advisers,
LLC, adviser; Westfield Capital Management
Company, L.P., subadviser. |
0.95%2 |
30.62% |
10.33% |
10.05% |
Seeks capital
appreciation. |
DWS Alternative Asset Allocation VIP,
Class B3 DWS Investment Management Americas Inc., adviser; RREEF America L.L.C., subadvisor. |
1.21% |
5.67% |
5.70% |
2.63% |
Seeks long-term capital
appreciation. |
Fidelity® VIP Contrafund® Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.81% |
33.12% |
16.36% |
11.33% |
Seeks long-term growth
of capital. |
Fidelity® VIP Mid Cap Portfolio Service
Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, subadvisers. |
0.82% |
14.80% |
12.17% |
7.85% |
Seeks a high level of
current income and may
also seek capital
appreciation. |
Fidelity® VIP Strategic Income Portfolio
Service Class 2
Fidelity Management & Research Company
(the Adviser) is the fund’s manager. Fidelity
Management & Research Company (UK)
Limited, Fidelity Management & Research
Company (Hong Kong) Limited, Fidelity
Management & Research Company (Japan)
Limited, FIL Investment Advisers, FIL
Investment Advisers (UK) Limited and FIL
Investments (Japan) Limited,
subadvisers. |
0.90% |
9.18% |
3.47% |
3.10% |
Seeks to maximize
income while
maintaining prospects
for capital appreciation.
Under normal market
conditions, the fund
invests in a diversified
portfolio of equity and
debt securities. |
Franklin Income VIP Fund - Class 2
Franklin Advisers, Inc. |
0.71%2 |
8.62% |
6.98% |
5.01% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks capital
appreciation, with
income as a secondary
goal. Under normal
market conditions, the
fund invests primarily in
U.S. and foreign equity
securities that the
investment manager
believes are
undervalued. |
Franklin Mutual Shares VIP Fund - Class 2
Franklin Mutual Advisers, LLC |
0.93% |
13.46% |
7.81% |
5.43% |
Seeks long-term total
return. Under normal
market conditions, the
fund invests at least
80% of its net assets in
investments of small
capitalization
companies. |
Franklin Small Cap Value VIP Fund - Class 2
Franklin Mutual Advisers, LLC |
0.91%2 |
12.75% |
11.06% |
7.04% |
Seeks long-term growth
of capital. |
Goldman Sachs VIT Multi-Strategy
Alternatives Portfolio - Advisor Shares3 Goldman Sachs Asset Management, L.P. |
1.36%2 |
7.53% |
4.00% |
- |
Seeks total return with a
low to moderate
correlation to traditional
financial market indices. |
Invesco V.I. Balanced-Risk Allocation Fund,
Series II Shares1 Invesco Advisers, Inc. |
1.13%2 |
6.40% |
4.66% |
3.79% |
Seeks capital
appreciation. |
Invesco V.I. Global Fund, Series II Shares
Invesco Advisers, Inc. |
1.07% |
34.45% |
12.02% |
8.21% |
Seeks total return |
Invesco V.I. Global Strategic Income Fund,
Series II Shares
Invesco Advisers, Inc. |
1.17%2 |
8.60% |
1.04% |
1.25% |
Seeks capital
appreciation. |
Invesco V.I. Main Street Small Cap Fund®,
Series II Shares
Invesco Advisers, Inc. |
1.13% |
17.82% |
12.79% |
8.66% |
Seeks long-term capital
growth, consistent with
preservation of capital
and balanced by current
income. |
Janus Henderson Balanced Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.87% |
15.13% |
9.37% |
7.73% |
Seeks to obtain
maximum total return,
consistent with
preservation of capital. |
Janus Henderson Flexible Bond Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.82%2 |
5.29% |
1.55% |
1.66% |
Seeks long-term growth
of capital. |
Janus Henderson Research Portfolio:
Service Shares
Janus Henderson Investors US LLC |
0.82% |
42.81% |
16.54% |
12.21% |
Seeks total return. |
Lazard Retirement Global Dynamic
Multi-Asset Portfolio - Service Shares1 Lazard Asset Management, LLC |
1.05%2 |
10.81% |
4.00% |
3.77% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks long-term capital
growth. Income is a
secondary objective. |
LVIP American Century Value Fund, Service
Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser. |
0.86%2 |
9.02% |
11.71% |
8.36% |
Seeks to provide total
return. |
Macquarie VIP Asset Strategy Series -
Service Class (previously Delaware Ivy VIP
Asset Strategy, Class II)
Ivy Investment Management Company |
0.85%2 |
13.90% |
8.27% |
3.48% |
Seeks total return. |
MFS® Utilities Series - Service Class
Massachusetts Financial Services Company |
1.04%2 |
(2.33%) |
8.05% |
6.13% |
The Fund seeks
long-term capital growth
by investing primarily in
common stocks and
other equity securities. |
Morgan Stanley VIF Discovery Portfolio,
Class II Shares
Morgan Stanley Investment Management
Inc. |
1.05%2 |
44.13% |
10.83% |
8.38% |
Seeks long-term growth
of capital by investing
primarily in securities of
companies that meet
the Fund's
environmental, social
and governance (ESG)
criteria. |
Neuberger Berman AMT Sustainable Equity
Portfolio (Class S)
Neuberger Berman Investment Advisers LLC |
1.16% |
26.57% |
13.69% |
9.74% |
Seeks maximum real
return, consistent with
preservation of real
capital and prudent
investment
management. |
PIMCO VIT All Asset Portfolio, Advisor Class3 Pacific Investment Management Company LLC (PIMCO) |
2.29%2 |
8.02% |
5.90% |
3.93% |
Seeks total return which
exceeds that of a blend
of 60% MSCI World
Index/40% Barclays
U.S. Aggregate Index. |
PIMCO VIT Global Managed Asset Allocation
Portfolio, Advisor Class3 Pacific Investment Management Company LLC (PIMCO) |
1.34%2 |
12.85% |
7.20% |
5.14% |
Seeks maximum total
return, consistent with
preservation of capital
and prudent investment
management. |
PIMCO VIT Total Return Portfolio, Advisor
Class
Pacific Investment Management Company
LLC (PIMCO) |
0.85% |
5.83% |
0.98% |
1.60% |
Seeks high current
income, consistent with
preservation of capital,
with capital appreciation
as a secondary
consideration. Under
normal market
conditions, the fund
invests at least 80% of
its net assets in debt
securities of any
maturity. |
Templeton Global Bond VIP Fund - Class 2
Franklin Advisers, Inc. |
0.75%2 |
2.88% |
(2.13%) |
(0.66%) |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks long-term capital
appreciation by
investing in common
stocks of gold-mining
companies. The Fund
may take current
income into
consideration when
choosing investments. |
VanEck VIP Global Gold Fund (Class S
Shares)
Van Eck Associates Corporation |
1.45%2 |
10.41% |
9.61% |
4.61% |
Seeks to provide a high
level of total return that
is consistent with an
aggressive level of risk. |
Variable Portfolio - Aggressive Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
1.05% |
17.22% |
9.19% |
6.47% |
Seeks to provide a high
level of total return that
is consistent with a
conservative level of
risk. |
Variable Portfolio - Conservative Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
0.88%2 |
8.46% |
2.66% |
2.50% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Risk Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.02%2 |
12.26% |
5.14% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Risk U.S. Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.00% |
14.54% |
6.90% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Conservative Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.95% |
7.87% |
2.39% |
2.33% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Conservative Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.98% |
9.98% |
3.66% |
3.05% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility Growth
Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
1.02% |
14.59% |
6.34% |
4.44% |
Pursues total return
while seeking to
manage the Fund’s
exposure to equity
market volatility. |
Variable Portfolio - Managed Volatility
Moderate Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.99% |
12.27% |
5.07% |
3.84% |
Seeks to provide a high
level of total return that
is consistent with a
moderate level of risk. |
Variable Portfolio - Moderate Portfolio
(Class 2)3 Columbia Management Investment Advisers, LLC |
0.97% |
12.96% |
6.12% |
4.63% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide a high
level of total return that
is consistent with a
moderately aggressive
level of risk. |
Variable Portfolio - Moderately Aggressive
Portfolio (Class 2)3 Columbia Management Investment Advisers, LLC |
1.01% |
14.93% |
7.56% |
5.50% |
Seeks to provide a high
level of total return that
is consistent with a
moderately conservative
level of risk. |
Variable Portfolio - Moderately Conservative
Portfolio (Class 2)3 Columbia Management Investment Advisers, LLC |
0.94% |
10.50% |
4.32% |
3.54% |
Seeks to provide
shareholders with a high
level of current income
while conserving the
value of the investment
for the longest period of
time. |
Variable Portfolio - Partners Core Bond Fund
(Class 2)
Columbia Management Investment Advisers,
LLC, adviser; J.P. Morgan Investment
Management Inc. and Allspring Global
Investments, LLC, subadvisers. |
0.73% |
6.06% |
1.12% |
1.64% |
Seeks to provide
shareholders with
long-term capital growth. |
Variable Portfolio - Partners Core Equity Fund
(Class 2)
Columbia Management Investment Advisers,
LLC, adviser; J.P. Morgan Investment
Management Inc. and T. Rowe Price
Associates, Inc., subadvisers. |
0.94% |
24.43% |
14.32% |
10.19% |
Seeks to provide
shareholders with
long-term growth of
capital. |
Variable Portfolio - Partners International
Core Equity Fund (Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Schroder Investment
Management North America Inc.,
subadviser; Schroder Investment
Management North America Limited,
sub-subadviser. |
1.08% |
17.34% |
7.00% |
2.45% |
Seeks to provide
shareholders with
long-term capital growth. |
Variable Portfolio - Partners International
Growth Fund (Class 2)
Columbia Management Investment Advisers
LLC, adviser; William Blair Investment
Management, LLC and Walter Scott &
Partners Limited, subadvisers. |
1.10%2 |
14.45% |
7.37% |
3.20% |
Seeks to provide
shareholders with
long-term capital growth. |
Variable Portfolio - Partners International
Value Fund (Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Pzena Investment
Management, LLC and Thompson, Siegel &
Walmsley LLC, subadvisers. |
1.10% |
16.96% |
4.57% |
1.75% |
Seeks to provide
shareholders with
long-term capital growth. |
Variable Portfolio - Partners Small Cap
Growth Fund (Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Scout Investments, Inc. and
Allspring Global Investments, LLC,
subadvisers. |
1.10%2 |
6.93% |
6.51% |
4.47% |
Investment Objective |
Fund and
Adviser/Sub-Adviser |
Current
Expenses
Ratio
[NET] |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 Year |
5 Year |
10 Year | |||
Seeks to provide
shareholders with
long-term capital
appreciation. |
Variable Portfolio - Partners Small Cap Value
Fund (Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Segall Bryant & Hamill, LLC
and William Blair Investment Management,
LLC, subadvisers. |
1.06%2 |
11.08% |
8.21% |
4.70% |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Conservative
Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.96% |
11.22% |
3.90% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Growth Fund
(Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.94% |
16.80% |
6.67% |
- |
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility. |
Variable Portfolio - U.S. Flexible Moderate
Growth Fund (Class 2)1,3 Columbia Management Investment Advisers, LLC |
0.94% |
13.87% |
5.37% |
- |
Seeks to maximize total
return. |
Western Asset Variable Global High Yield
Bond Portfolio - Class II
Legg Mason Partners Fund Adviser, LLC;
Western Asset Management Company, LLC,
Western Asset Management Company
Limited & Western Asset Management Pte.
Ltd., sub-advisors. |
1.08% |
9.96% |
3.17% |
2.63% |
Early surrender amount |
× |
[ |
( |
1 + i |
) |
(n/12)
|
–1 |
] |
= |
MVA |
1 + j + .001 |
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). |
$1,000 |
× |
[ |
( |
1.030 |
) |
(84/12)
|
–1 |
] |
= |
-$39.84 |
1 + .035 + .001 |
$1,000 |
× |
[ |
( |
1.030 |
) |
(84/12)
|
–1 |
] |
= |
$27.61 |
1 + .025 + .001 |
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
surrenders) |
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 |
|
|
Contract with Gain |
Contract with
Loss | |
|
Contract value just prior to surrender: |
$60,000.00 |
$40,000.00 | |
|
Contract value on prior anniversary: |
58,000.00 |
42,000.00 | |
We calculate the surrender charge as follows: | ||||
Step 1. |
First, we determine the amount of earnings available in the contract at the time of
surrender as: |
|
| |
|
Contract value just prior to surrender (CV): |
60,000.00 |
40,000.00 | |
|
Less purchase payments received and not previously surrendered (PP): |
50.000.00
|
50.000.00 | |
|
Earnings in the contract (but not less than zero): |
10,000.00 |
0.00 | |
Step 2. |
Next, we determine the total free amount (FA) available in the contract as the
greatest of the following values: |
|
| |
|
Earnings in the contract: |
10,000.00 |
0.00 | |
|
10% of the prior anniversary’s contract value: |
5,800.00
|
4,200.00 | |
|
FA (but not less than zero): |
10,000.00 |
4,200.00 | |
Step 3. |
Next we determine PPF, the amount by which the total free amount (FA) exceeds
earnings. |
|
| |
|
Total free amount (FA): |
10,000.00 |
4,200.00 | |
|
Less earnings in the contract: |
10,000.00
|
0.00 | |
|
PPF (but not less than zero): |
0.00 |
4,200.00 |
|
|
Contract with Gain |
Contract with
Loss | |
Step 4. |
Next we determine PS, the amount by which the contract value is reduced by the
surrender. |
|
| |
|
PS: |
60,000.00 |
40,000.00 | |
Step 5. |
Now we can determine how much of the PP is being surrendered (PPS) as follows: |
|
| |
|
PPS |
= PPF + PPSC |
|
|
|
|
= PPF + (PS − FA) / (CV − FA) * (PP − PPF) |
|
|
|
PPF from Step 3 = |
0.00 |
4,200.00 | |
|
PS from Step 4 = |
60,000.00 |
40,000.00 | |
|
CV from Step 1 = |
60,000.00 |
40,000.00 | |
|
FA from Step 2 = |
10,000.00 |
4,200.00 | |
|
PP from Step 1 = |
50,000.00
|
50,000.00 | |
|
PPS = |
50,000.00 |
50,000.00 | |
Step 6. |
We then calculate the surrender charge as a percentage of PPS. Note that for a
contract with a loss, PPS may be greater than the amount you request to
surrender: |
|
| |
|
PPS: |
50,000.00 |
50,000.00 | |
|
less PPF: |
0.00 |
4,200.00 | |
|
PPSC = amount of PPS subject to a surrender charge: |
50,000.00 |
45,800.00 | |
|
multiplied by the surrender charge rate: |
×7.0%
|
×7.0% | |
|
surrender charge: |
3,500.00 |
3,206.00 | |
Step 7. |
The dollar amount you will receive as a result of your full surrender is determined
as: |
|
| |
|
Contract value surrendered: |
60,000.00 |
40,000.00 | |
|
Surrender charge: |
(3,500.00
) |
(3,206.00 ) | |
|
Contract charge (assessed upon full surrender): |
(50.00
) |
(50.00 ) | |
|
Net full surrender proceeds: |
$56,450.00 |
$36,734.00 |
|
Contract with Gain |
Contract with
Loss | ||
Contract value just prior to surrender: |
$60,000.00 |
$40,000.00 | ||
Contract value on prior anniversary: |
58,000.00 |
42,000.00 | ||
We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to
match the amount requested. We start with an estimate of the amount of contract value to surrender
and calculate the resulting surrender charge and net partial surrender proceeds as
illustrated below. We then adjust our estimate and repeat until we determine the
amount of contract value to surrender that generates the desired net partial surrender
proceeds. | ||||
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
surrender as: |
|
| |
|
Contract value just prior to surrender (CV): |
60,000.00 |
40,000.00 | |
|
Less purchase payments received and not previously surrendered (PP): |
50,000.00
|
50,000.00 | |
|
Earnings in the contract (but not less than zero): |
10,000.00 |
0.00 |
|
Contract with Gain |
Contract with
Loss | ||
Step 2. |
Next, we determine the total free amount (FA) available in the contract as the
greatest of the following values: |
|
| |
|
Earnings in the contract: |
10,000.00 |
0.00 | |
|
10% of the prior anniversary’s contract value: |
5,800.00
|
4,200.00 | |
|
FA (but not less than zero): |
10,000.00 |
4,200.00 | |
Step 3. |
Next we determine PPF, the amount by which the total free amount (FA) exceeds
earnings |
|
| |
|
Total free amount (FA): |
10,000.00 |
4,200.00 | |
|
Less earnings in the contract: |
10,000.00
|
0.00 | |
|
PPF (but not less than zero): |
0.00 |
4,200.00 | |
Step 4. |
Next we determine PS, the amount by which the contract value is reduced by the
surrender |
|
| |
|
PS (determined by iterative process described above): |
15,376.34 |
16,062.31 | |
Step 5. |
Now we can determine how much of the PP is being surrendered (PPS) as follows: |
|
| |
|
PPS |
= PPF + PPSC |
|
|
|
|
= PPF + (PS − FA) / (CV − FA) * (PP − PPF) |
|
|
|
PPF from Step 3 = |
0.00 |
4,200.00 | |
|
PS from Step 4 = |
15,376.34 |
16,062.31 | |
|
CV from Step 1 = |
60,000.00 |
40,000.00 | |
|
FA from Step 2 = |
10,000.00 |
4,200.00 | |
|
PP from Step 1 = |
50,000.00
|
50,000.00 | |
|
PPS = |
5,376.34 |
19,375.80 | |
Step 6. |
We then calculate the surrender charge as a percentage of PPS. Note that for a
contract with a loss, PPS may be greater than the amount you request to
surrender: |
|
| |
|
PPS: |
5,376.34 |
19,375.80 | |
|
less PPF: |
0.00 |
4,200.00 | |
|
PPSC = amount of PPS subject to a surrender charge: |
5,376.34 |
15,175.80 | |
|
multiplied by the surrender charge rate: |
×7.0%
|
×7.0% | |
|
surrender charge: |
376.34 |
1,062.31 | |
Step 7. |
The dollar amount you will receive as a result of your partial surrender is
determined as: |
|
| |
|
Contract value surrendered: |
15,376.34 |
16,062.31 | |
|
Surrender charge: |
(376.34 ) |
(1,062.31 ) | |
|
Net partial surrender proceeds: |
$15,000.00 |
$15,000.00 |
|
|
Contract with Gain |
Contract with
Loss | |
|
Contract value just prior to surrender: |
$60,000.00 |
$40,000.00 | |
|
Contract value on prior anniversary: |
58,000.00 |
42,000.00 | |
We calculate the surrender charge as follows: |
|
|
Contract with Gain |
Contract with
Loss | |
Step 1. |
First, we determine the amount of earnings available in the contract at the time of
surrender as: |
|
| |
|
Contract value just prior to surrender (CV): |
60,000.00 |
40,000.00 | |
|
Less purchase payments received and not previously surrendered (PP): |
50.000.00
|
50.000.00 | |
|
Earnings in the contract (but not less than zero): |
10,000.00 |
0.00 | |
Step 2. |
Next, we determine the total free amount (FA) available in the contract as the
greatest of the following values: |
|
| |
|
Earnings in the contract: |
10,000.00 |
0.00 | |
|
10% of the prior anniversary’s contract value: |
5,800.00
|
4,200.00 | |
|
FA (but not less than zero): |
10,000.00 |
4,200.00 | |
Step 3. |
Next we determine PPF, the amount by which the total free amount (FA) exceeds
earnings. |
|
| |
|
Total free amount (FA): |
10,000.00 |
4,200.00 | |
|
Less earnings in the contract: |
10,000.00
|
0.00 | |
|
PPF (but not less than zero): |
0.00 |
4,200.00 | |
Step 4. |
Next we determine PS, the amount by which the contract value is reduced by the
surrender. |
|
| |
|
PS: |
60,000.00 |
40,000.00 | |
Step 5. |
Now we can determine how much of the PP is being surrendered (PPS) as follows: |
|
| |
|
PPS |
= PPF + PPSC |
|
|
|
|
= PPF + (PS − FA) / (CV − FA) * (PP − PPF) |
|
|
|
PPF from Step 3 = |
0.00 |
4,200.00 | |
|
PS from Step 4 = |
60,000.00 |
40,000.00 | |
|
CV from Step 1 = |
60,000.00 |
40,000.00 | |
|
FA from Step 2 = |
10,000.00 |
4,200.00 | |
|
PP from Step 1 = |
50,000.00
|
50,000.00 | |
|
PPS = |
50,000.00 |
50,000.00 | |
Step 6. |
We then calculate the surrender charge as a percentage of PPS. Note that for a
contract with a loss, PPS may be greater than the amount you request to
surrender: |
|
| |
|
PPS: |
50,000.00 |
50,000.00 | |
|
less PPF: |
0.00 |
4,200.00 | |
|
PPSC = amount of PPS subject to a surrender charge: |
50,000.00 |
45,800.00 | |
|
multiplied by the surrender charge rate: |
×4.0%
|
×4.0% | |
|
surrender charge: |
2,000.00 |
1,832.00 | |
Step 7. |
The dollar amount you will receive as a result of your full surrender is determined
as: |
|
| |
|
Contract value surrendered: |
60,000.00 |
40,000.00 | |
|
Surrender charge: |
(2,000.00
) |
(1,832.00 ) | |
|
Contract charge (assessed upon full surrender): |
(50.00
) |
(50.00 ) | |
|
Net full surrender proceeds: |
$57,950.00 |
$38,118.00 |
|
Contract with Gain |
Contract with
Loss | ||
Contract value just prior to surrender: |
$60,000.00 |
$40,000.00 | ||
Contract value on prior anniversary: |
58,000.00 |
42,000.00 | ||
We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to
match the amount requested. We start with an estimate of the amount of contract value to surrender
and calculate the resulting surrender charge and net partial surrender proceeds as
illustrated below. We then adjust our estimate and repeat until we determine the
amount of contract value to surrender that generates the desired net partial surrender
proceeds. | ||||
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
surrender as: |
|
| |
|
Contract value just prior to surrender (CV): |
60,000.00 |
40,000.00 | |
|
Less purchase payments received and not previously surrendered (PP): |
50,000.00
|
50,000.00 | |
|
Earnings in the contract (but not less than zero): |
10,000.00 |
0.00 | |
Step 2. |
Next, we determine the total free amount (FA) available in the contract as the
greatest of the following values: |
|
| |
|
Earnings in the contract: |
10,000.00 |
0.00 | |
|
10% of the prior anniversary’s contract value: |
5,800.00
|
4,200.00 | |
|
FA (but not less than zero): |
10,000.00 |
4,200.00 | |
Step 3. |
Next we determine PPF, the amount by which the total free amount (FA) exceeds
earnings |
|
| |
|
Total free amount (FA): |
10,000.00 |
4,200.00 | |
|
Less earnings in the contract: |
10,000.00
|
0.00 | |
|
PPF (but not less than zero): |
0.00 |
4,200.00 | |
Step 4. |
Next we determine PS, the amount by which the contract value is reduced by the
surrender |
|
| |
|
PS (determined by iterative process described above): |
15,208.33 |
15,582.48 | |
Step 5. |
Now we can determine how much of the PP is being surrendered (PPS) as follows: |
|
| |
|
PPS |
= PPF + PPSC |
|
|
|
|
= PPF + (PS − FA) / (CV − FA) * (PP − PPF) |
|
|
|
PPF from Step 3 = |
0.00 |
4,200.00 | |
|
PS from Step 4 = |
15,208.33 |
15,582.48 | |
|
CV from Step 1 = |
60,000.00 |
40,000.00 | |
|
FA from Step 2 = |
10,000.00 |
4,200.00 | |
|
PP from Step 1 = |
50,000.00
|
50,000.00 | |
|
PPS = |
5,208.33 |
18,761.94 | |
Step 6. |
We then calculate the surrender charge as a percentage of PPS. Note that for a
contract with a loss, PPS may be greater than the amount you request to
surrender: |
|
| |
|
PPS: |
5,208.33 |
18,761.94 | |
|
less PPF: |
0.00 |
4,200.00 | |
|
PPSC = amount of PPS subject to a surrender charge: |
5,208.33 |
14,561.94 | |
|
multiplied by the surrender charge rate: |
×4.0%
|
×4.0% | |
|
surrender charge: |
208.33 |
582.48 | |
Step 7. |
The dollar amount you will receive as a result of your partial surrender is
determined as: |
|
| |
|
Contract value surrendered: |
15,208.33 |
15,582.48 | |
|
Surrender charge: |
(208.33 ) |
(582.48 ) | |
|
Net partial surrender proceeds: |
$15,000.00 |
$15,000.00 |
We calculate the ROPP Death Benefit as
follows: |
|
| ||
Contract value at death: |
$23,000.00 |
| ||
Purchase payments minus adjusted partial surrenders: |
|
| ||
|
Total purchase payments: |
$25,000.00 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
| |
|
$1,500 × $25,000 |
= |
–1,704.54 |
|
|
$22,000 |
|
| |
|
for a death benefit of: |
$23,295.45 |
| |
The ROPP Death Benefit, calculated as the greatest
of these two values: |
$23,295.45 |
|
We calculate the MAV death benefit, which is based on the greater of three values,
as follows: |
|
| ||
1. |
Contract value at death: |
$20,500.00 |
| |
2. |
Purchase payments minus adjusted partial surrenders: |
|
| |
|
Total purchase payments: |
$25,000.00 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
| |
|
$1,500 × $25,000 |
= |
–1,704.55 |
|
|
$22,000 |
|
| |
|
for a death benefit of: |
$23,295.45 |
| |
3. |
The MAV immediately preceding the date of death: |
|
| |
|
Greatest of your contract anniversary values: |
$26,000.00 |
| |
|
plus purchase payments made since the prior anniversary: |
+0.00 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
|
|
$1,500 × $26,000 |
= |
–1,772.73 |
|
|
$22,000 |
|
| |
|
for a death benefit of: |
$24,227.27 |
| |
The MAV Death Benefit, calculated as the greatest of these three values,
which is the MAV: |
$24,227.27 |
|
We calculate the 5-Year MAV death benefit, which is based on the greater of three values,
as follows: |
|
| ||
1. |
Contract value at death: |
$20,500.00 |
| |
2. |
Purchase payments minus adjusted partial surrenders: |
|
| |
|
Total purchase payments: |
$25,000.00 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
| |
|
$1,500 × $25,000 |
= |
–1,704.55 |
|
|
$22,000 |
|
| |
|
for a death benefit of: |
$23,295.45 |
| |
3. |
The 5-Year MAV immediately preceding the date of death: |
|
| |
|
Greatest of your contract anniversary values: |
$26,000.00 |
| |
|
plus purchase payments made since the prior anniversary: |
+0.00 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
| |
|
$1,500 × $26,000 |
= |
–1,772.73 |
|
|
$22,000 |
|
| |
|
for a death benefit of: |
$24,227.27 |
| |
The 5-Year MAV Death Benefit, calculated as the greatest of these three values,
which is the 5-Year MAV: |
$24,227.27 |
|
The death benefit, which is based on the greatest of four values, is calculated as follows: |
|
| ||
1. |
Contract value at death: |
$22,800.00 |
| |
2. |
Purchase payments minus adjusted partial surrenders: |
|
| |
|
Total purchase payments: |
$25,000.00 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
| |
|
$1,500 × $25,000 |
= |
–1,543.21 |
|
|
$24,300 |
|
| |
|
for a death benefit of: |
$23,456.79 |
| |
3. |
The MAV on the anniversary immediately preceding the date of death: |
|
| |
|
The MAV on the immediately preceding anniversary: |
$25,000.00 |
| |
|
plus purchase payments made since that anniversary: |
+0.00 |
| |
|
minus adjusted partial surrenders made since that anniversary, calculated as: |
|
|
|
$1,500 × $25,000 |
= |
–1,543.21 |
|
|
$24,300 |
|
| |
|
for a MAV Death Benefit of: |
$23,456.79 |
| |
4. |
The 5% accumulation death benefit floor: |
|
| |
|
The variable account floor on the first contract anniversary calculated as: 1.05 × $20,000 = |
$21,000.00 |
| |
|
plus amounts allocated to the subaccounts since that anniversary: |
+0.00 |
| |
|
minus the 5% accumulation death benefit floor adjusted partial surrender from the subaccounts,
calculated as: |
|
| |
|
$1,500 × $21,000 |
= |
–1,657.89 |
|
|
$19,000 |
|
| |
|
variable account floor benefit: |
$19,342.11 |
| |
|
plus the regular fixed account value: |
+5,300.00
|
| |
|
5% accumulation death benefit floor (value of the regular fixed account and the variable account
floor): |
$24,642.11 |
| |
Enhanced Death Benefit, calculated as the greatest of these four values, which is the 5%
accumulation death benefit floor: |
$24,642.11 |
|
The death benefit, which is based on the greatest of three values, is calculated as follows: |
|
| ||
1. |
Contract value at death: |
$22,800.00 |
| |
2. |
Purchase payments minus adjusted partial surrenders: |
|
| |
|
Total purchase payments: |
$25,000.00 |
| |
|
minus adjusted partial surrenders, calculated as: |
|
| |
|
$1,500 × $25,000 |
= |
–1,543.21 |
|
|
$24,300 |
|
| |
|
for a death benefit of: |
$23,456.79 |
| |
3. |
The 5% accumulation death benefit floor: |
|
| |
|
The variable account floor on the first contract anniversary, calculated as: 1.05 × $20,000 = |
$21,000.00 |
| |
|
plus amounts allocated to the subaccounts since that anniversary: |
+0.00 |
| |
|
minus the 5% accumulation death benefit floor adjusted partial surrender from the subaccounts,
calculated as: |
|
| |
|
$1,500 × $21,000 |
= |
–1,657.89 |
|
|
$19,000 |
|
| |
|
variable account floor benefit: |
$19,342.11 |
| |
|
plus the regular fixed account value: |
+5,300.00
|
| |
|
5% accumulation death benefit floor (value of the regular fixed account and the variable account
floor): |
$24,642.11 |
| |
The 5% Accumulation Death Benefit, calculated as the greatest of these three values, which is the
5% accumulation death benefit floor: |
$24,642.11 |
|
MAV death benefit amount (contract value): |
$110,000 |
plus the Benefit Protector which equals 40% of earnings at death (MAV death benefit amount minus
remaining purchase payments): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value): |
$110,000 |
plus the Benefit Protector (40% of earnings at death): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |
| ||
$110,000 – |
($50,000 X $110,000) |
= |
$57,619 |
$105,000 | |||
plus the Benefit Protector (40% of earnings at death): |
| ||
0.40 × ($57,619 – $55,000) = |
+1,048 | ||
Total death benefit of: |
$58,667 |
MAV death benefit amount (contract value): |
$200,000 |
plus the Benefit Protector (40% of earnings at death) |
|
0.40 × 2.50 × ($55,000) = |
+55,000 |
Total death benefit of: |
$255,000 |
MAV death benefit amount (contract value): |
$250,000 |
plus the Benefit Protector (40% of earnings at death) |
|
0.40 × 2.50 × ($55,000) = |
+55,000 |
Total death benefit of: |
$305,000 |
MAV death benefit amount (contract value): |
$250,500 |
plus the Benefit Protector which equals 40% of earnings at death (the standard death benefit amount
minus remaining purchase payments): |
|
0.40 × ($250,500 – $105,000) = |
+58,200 |
Total death benefit of: |
$308,700 |
MAV death benefit amount (contract value): |
$110,000 |
plus the Benefit Protector Plus Part I which equals 40% of earnings at death (the MAV death benefit
amount minus remaining purchase payments): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
Total death benefit of: |
$114,000 |
MAV death benefit amount (maximum anniversary value): |
$110,000 |
plus the Benefit Protector Plus Part I (40% of earnings at death): |
|
0.40 × ($110,000 – $100,000) = |
+4,000 |
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: |
|
0.10 × $100,000 = |
+10,000 |
Total death benefit of: |
$124,000 |
MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): |
| ||
$110,000 – |
($50,000 × $110,000) |
= |
$57,619 |
$105,000 |
| ||
plus the Benefit Protector Plus Part I (40% of earnings at death): |
| ||
0.40 × ($57,619 – $55,000) = |
+1,048 | ||
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: |
| ||
0.10 × $55,000 = |
+5,500 | ||
Total death benefit of: |
$64,167 |
MAV death benefit amount (contract value): |
$200,000 |
plus the Benefit Protector Plus Part I (40% of earnings at death) |
|
.40 × (2.50 × $55,000) = |
+55,000 |
plus the Benefit Protector Plus Part II which after the fourth contract year equals 20% of exchange
purchase payments identified at issue and not previously surrendered:
|
|
0.20 × $55,000 = |
+11,000 |
Total death benefit of: |
$266,000 |
MAV death benefit amount (contract value): |
$250,000 |
plus the Benefit Protector Plus Part I (40% of earnings at death) |
|
.40 × (2.50 × $55,000) = |
+55,000 |
plus the Benefit Protector Plus Part II, which after the fourth contract year equals 20% of exchange
purchase payments identified at issue and not previously surrendered:
|
|
0.20 × $55,000 = |
+11,000 |
Total death benefit of: |
$316,000 |
MAV death benefit amount (contract value): |
$250,500 |
plus the Benefit Protector Plus Part I which equals 40% of earnings at death (the MAV death benefit
minus remaining purchase payments): |
|
0.40 × ($250,500 – $105,000) = |
+58,200 |
plus the Benefit Protector Plus Part II, which after the fourth contract year equals 20% of exchange
purchase payments identified at issue and not previously surrendered:
|
|
0.20 × $55,000 = |
+11,000 |
Total death benefit of: |
$319,700 |
End of Contract Year |
Partial Surrender (beginning of year) |
MCAV Adjustment for Partial Surrender |
MCAV |
Accumulation Benefit Amount |
Hypothetical Assumed Contract Value |
1 |
0 |
0 |
100,000 |
0 |
110,000 |
2 |
0 |
0 |
115,200 |
0 |
128,000 |
3 |
0 |
0 |
121,500 |
0 |
135,000 |
4 |
0 |
0 |
121,500 |
0 |
118,000 |
5 |
0 |
0 |
121,500 |
0 |
100,000 |
6 |
2,000 |
2,430 |
119,070 |
0 |
122,000 |
7 |
0 |
0 |
126,000 |
0 |
140,000 |
8 |
0 |
0 |
126,000 |
0 |
130,000 |
9 |
5,000 |
4,846 |
121,154 |
0 |
110,000 |
10 |
0 |
0 |
121,154 |
16,154 |
105,000 |
Contract
Duration
in Years |
Purchase
Payments |
Partial
Withdrawals |
Hypothetical
Assumed
Contract Value |
BB |
WAB |
Benefit
Determining
Percentage |
PBG |
ALP |
RALP |
Lifetime
Payment
Percent |
At Issue |
$100,000 |
NA |
$100,000 |
$100,000 |
$100,000 |
0.0% |
$100,000 |
$4,000 |
$4,000 (1) |
4% |
1 |
0 |
0 |
98,000 |
108,000 |
108,000 |
9.3% |
100,000 |
5,400 |
5,400 (2) |
5% |
2 |
0 |
0 |
105,000 |
114,000 |
114,000 |
7.9% |
105,000 |
5,700 |
5,700 |
5% |
3 |
0 |
0 |
118,000 |
120,000 |
120,000 |
1.7% |
118,000 |
6,000 |
6,000 |
5% |
3.5 |
0 |
6,000 |
112,000 |
120,000 |
113,898 |
1.7% |
112,000 |
6,000 |
0 |
5% |
4 |
0 |
0 |
115,000 |
120,000 |
115,000 |
0.0% |
115,000 |
6,000 |
6,000 |
5% |
5 |
0 |
0 |
130,000 |
130,000 |
130,000 |
0.0% |
130,000 |
7,800 (3) |
7,800 (3) |
6%
(3) |
6 |
0 |
0 |
110,000 |
130,000 |
130,000 |
15.4% |
130,000 |
7,800 |
7,800 |
6% |
7 |
0 |
0 |
100,000 |
130,000 |
130,000 |
23.1% |
130,000 |
6,500 (4) |
6,500 (4) |
5%
(4) |
7.5 |
0 |
10,000 |
90,000 |
125,134
(5) |
117,000 |
23.1% |
118,877
(5) |
6,257
(5) |
0 |
5% |
Contract
Duration
in Years |
Purchase
Payments |
Partial
Withdrawals |
Hypothetical
Assumed
Contract Value |
BB |
WAB |
Benefit
Determining
Percentage |
PBG |
ALP |
RALP |
Lifetime
Payment
Percent |
8 |
0 |
0 |
80,000 |
125,134 |
117,000 |
31.6% |
118,877 |
6,257 |
6,257 |
5% |
9 |
0 |
0 |
95,000 |
125,134 |
117,000 |
18.8% |
118,877 |
7,508
(4) |
7,508
(4) |
6%
(4) |
(a) |
(i) |
|
|
(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. |
(b) |
|
Not applicable. |
(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. |
(d) |
(i) |
|
|
(ii) |
|
|
(iii) |
|
|
(iv) |
|
|
(v) |
|
|
(vi) |
|
|
(vii) |
|
|
(viii) |
|
|
(ix) |
|
|
(x) |
|
|
(xi) |
|
|
(xii) |
|
|
(xiii) |
|
|
(xiv) |
|
(xv) |
|
|
(xvi) |
|
|
(xvii) |
|
|
(xviii) |
|
|
(xix) |
|
|
(xx) |
|
|
(xxi) |
|
|
(xxii) |
|
|
(xxiii) |
|
|
(xxiv) |
|
|
(xxv) |
|
|
(xxvi) |
|
|
(xxvii) |
|
|
(xxviii) |
|
|
(xxix) |
|
|
(xxx) |
|
|
(xxxi) |
|
|
(xxxii) |
|
|
(xxxiii) |
|
|
(xxxiv) |
|
(xxxv) |
|
|
(xxxvi) |
|
|
(xxxvii) |
|
|
(xxxviii) |
|
|
(xxxix) |
|
|
(xl) |
|
|
(xli) |
|
|
(xlii) |
|
|
(xliii) |
|
|
(xliv) |
|
|
(xlv) |
|
|
(xlvi) |
|
|
(xlvii) |
|
|
(xlviii) |
|
|
(xlix) |
|
(e) |
|
|
(f) |
(i) |
|
|
(ii) |
|
|
(iii) |
|
(g) |
|
Not applicable. |
|
(xxix) |
|
|
(xxx) |
|
|
(xxxi) |
|
|
(xxxii) |
|
|
(xxxiii) |
|
(i) |
|
Not Applicable. |
(j) |
|
Not applicable. |
(k) |
|
|
(l) |
|
|
(m) |
|
Not applicable. |
(n) |
|
Not applicable. |
(o) |
|
Not applicable |
(p) |
|
Name |
Principal Business Address*
|
Position and
Offices With Depositor |
Gumer C. Alvero |
|
Chairman of the Board and President
|
Michael J. Pelzel |
|
Senior Vice President – Corporate Tax |
Stephen P. Blaske |
|
Director, Senior Vice President and Chief Actuary |
Shweta Jhanji |
|
Senior Vice President and Treasurer |
Gene R. Tannuzzo |
|
Director |
Sherman, Kara D. |
|
Director |
Stephen R. Wolfrath |
|
Director, Vice President – Insurance and Annuities Product Development and Management |
John R. Hutt |
|
Director |
Brian E. Hartert |
|
Chief Financial Officer |
Paula J. Minella |
|
Secretary |
Gregg L. Ewing |
|
Vice President and Controller |
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 |
Ameriprise Asset Management Holdings Hong Kong Limited |
Hong Kong |
Threadneedle Portfolio Services Hong Kong Limited |
Hong Kong |
Columbia Threadneedle Investments Japan Co., Ltd. |
Japan |
Columbia Threadneedle Malaysia Sdn Bhd. |
Malaysia |
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 |
Investors Syndicate Development Corporation |
Nevada |
Ameriprise Holdings, Inc. |
Delaware |
Ameriprise India LLP1
|
India |
Ameriprise India Partner, LLC |
Delaware |
Ameriprise Trust Company |
Minnesota |
AMPF Holding, LLC |
Michigan |
American Enterprise Investment Services Inc.2 |
Minnesota |
Ameriprise Financial Services,
LLC2 |
Delaware |
AMPF Property Corporation |
Michigan |
Investment Professionals,
Inc.2 |
Texas |
Columbia Management Investment Advisers, LLC |
Minnesota |
Advisory Capital Strategies Group Inc. |
Minnesota |
Columbia Wanger Asset Management, LLC |
Delaware |
Emerging Global Advisors, LLC |
Delaware |
GA Legacy, LLC |
Delaware |
J. & W. Seligman & Co. Incorporated |
Delaware |
Columbia Management Investment Distributors, Inc.2 |
Delaware |
Seligman Partners, LLC3
|
Delaware |
Lionstone BBP GP, LLC |
Delaware |
Parent Company /Subsidiary Name |
Jurisdiction |
Lionstone BBP Limited Partner, LLC |
Delaware |
Lionstone CREAD Partners Two, LLC |
Delaware |
Lionstone CREAD GP, LLC |
Delaware |
Lionstone LORE Two, LLC |
Delaware |
Lionstone Partners, LLC |
Texas |
Cash Flow Asset Management GP, LLC |
Texas |
Cash Flow Asset Management,
L.P.4 |
Texas |
Lionstone Advisory Services, LLC |
Texas |
Lionstone CFRE II Real Estate Advisory, LLC |
Delaware |
Lionstone Development Services, LLC |
Texas |
LPL 1111 Broadway GP, LLC |
Texas |
LPL 1111 Broadway, L.P.5
|
Texas |
Lionstone Raleigh Development Partners GP, LLC |
Delaware |
Lionstone RDP Channel House Investors, L.P. |
Delaware |
Lionstone RDP PCS Phase I Investors, L.P. |
Delaware |
Lionstone RDP Platform Investors, L.P. |
Delaware |
Lionstone RDP Tower V Investors GP, LLC |
Delaware |
Lionstone RDP St. Albans Investors GP, LLC |
Delaware |
Lionstone RDP Co-Investment Fund I GP, LLC |
Delaware |
Lionstone VA Five, LLC |
Delaware |
RiverSource CDO Seed Investments, LLC |
Minnesota |
Columbia Management Investment Services Corp. |
Minnesota |
Columbia Threadneedle Canada, Inc. |
Ontario |
Columbia Threadneedle Canada Holdings, Inc. |
Ontario |
Columbia Threadneedle Investments UK International Limited |
England & Wales |
Columbia Threadneedle (Europe) Limited |
England & Wales |
Columbia Threadneedle AM (Holdings) plc |
Scotland |
Astraeus III GP LLP |
|
Astraeus III FP LP |
|
Columbia Threadneedle Capital (Group) Limited |
Cayman Islands |
Columbia Threadneedle Capital (Holdings) Limited |
Cayman Islands |
Columbia Threadneedle Capital (UK) Limited |
England & Wales |
Columbia Threadneedle Multi-Manager LLP |
England & Wales |
Thames River Capital LLP |
England & Wales |
Parent Company /Subsidiary Name |
Jurisdiction |
Columbia Threadneedle Group (Holdings) Limited |
England & Wales |
Columbia Threadneedle Group (Management) Limited |
England & Wales |
Columbia Threadneedle Holdings Limited |
England & Wales |
Columbia Threadneedle Investment Services Limited |
England & Wales |
Columbia Threadneedle Management Limited |
England & Wales |
F&C Unit Management Limited |
England & Wales |
FCEM Holdings (UK) Limited |
England & Wales |
F&C Emerging Markets Limited |
England & Wales |
F&C (CI) Limited |
England & Wales |
F&C Private Equity Nominee Limited |
England & Wales |
Columbia Threadneedle Luxembourg
S.A.6† |
Luxembourg |
Columbia Threadneedle Netherlands B.V. |
Netherlands |
F&C Alternative Investments (Holdings) Limited |
England & Wales |
F&C Ireland Limited |
Ireland |
Columbia Threadneedle Treasury Limited |
England & Wales |
WAM Holdings Ltd |
England & Wales |
Columbia Threadneedle Fund Management Limited |
England & Wales |
Columbia Threadneedle Managers Limited |
England & Wales |
Columbia Threadneedle (Services) Limited |
Scotland |
Columbia Threadneedle Management (Swiss) GmbH‡ |
Switzerland |
Columbia Threadneedle Investment Business Limited |
Scotland |
Columbia Threadneedle PE Co-Investment GP LLP |
Scotland |
FCIT PE FP LP6 |
Scotland |
Columbia Threadneedle PE Co-Investment FP LP6 |
Scotland |
Columbia Threadneedle Real Estate Partners LLP7 |
England & Wales |
CT UK Residential Real Estate FCP-RAIF (Associate) |
England & Wales |
REIT Asset Management Limited |
England & Wales |
Parent Company /Subsidiary Name |
Jurisdiction |
Columbia Threadneedle REP (Corporate Services) Limited |
England & Wales |
F&C REIT Corporate Finance Limited |
England & Wales |
Columbia Threadneedle Real Estate Partners S.à.r.l. |
Luxembourg |
CT Real Estate Partners GmbH & Co. KG, München |
Germany |
CT Real Estate Partners Verwaltungsgesellschaft mbH, München (General Partner) |
Germany |
Columbia Threadneedle Real Estate Partners Asset Management plc |
England & Wales |
FOSCA II Manager S.à.r.l. |
Luxembourg |
Columbia Threadneedle REP Property Management Limited |
England & Wales |
Columbia Threadneedle Unit Trust Managers Limited |
England |
Castle Mount Impact Partners GP LLP |
|
Castle Mount Impact Partners FP LP |
|
F&C Aurora (GP) Limited |
Scotland |
LPE II (Founding Partner) LP |
Scotland |
The Aurora Fund (Founder Partner) LP6 |
Scotland |
F&C Climate Opportunity Partners (GP) Limited |
Scotland |
F&C Climate Opportunity Partners (GP) LP |
Scotland |
F&C Climate Opportunity Partners (Founder Partner) LP6 |
Scotland |
F&C Equity Partners Holdings Limited |
England & Wales |
F&C Equity Partners plc |
England & Wales |
F&C European Capital Partners (Founder Partner) LP6 |
Scotland |
F&C European Capital Partners II (GP) Limited |
Scotland |
F&C European Capital Partners II (Founder Partner) LP6 |
Scotland |
F&C European Capital Partners II (GP) LP |
Scotland |
F&C Finance plc |
England & Wales |
F&C Group ESOP Trustee Limited |
Scotland |
F&C Investment Manager plc |
England & Wales |
FP Asset Management Holdings Limited |
England & Wales |
Columbia Threadneedle Asset Managers Limited |
England & Wales |
Ivory & Sime (Japan) KK |
Japan |
Ivory & Sime Limited |
Scotland |
Columbia Threadneedle (EM) Investments Limited |
England & Wales |
Parent Company /Subsidiary Name |
Jurisdiction |
Pyrford International Limited |
England & Wales |
RiverSource Distributors,
Inc.2 |
Delaware |
RiverSource Life Insurance Company |
Minnesota |
Columbia Cent CLO Advisers, LLC |
Delaware |
RiverSource Life Insurance Co. of New York |
New York |
RiverSource NY REO, LLC |
New York |
RiverSource REO 1, LLC |
Minnesota |
RiverSource Tax Advantaged Investments, Inc. |
Delaware |
AEXP Affordable Housing Portfolio,
LLC8 |
Delaware |
TAM UK International Holdings Limited |
England & Wales |
Columbia Threadneedle Investments (ME) Limited |
Dubai |
CTM Holdings Limited |
Malta |
TAM Investment Limited |
England & Wales |
Threadneedle Asset Management Oversight Limited |
England & Wales |
Ameriprise International Holdings GmbH |
Switzerland |
Threadneedle EMEA Holdings 1, LLC |
Minnesota, USA |
Threadneedle Holdings Limited |
England & Wales |
TAM UK Holdings Limited |
England & Wales |
Threadneedle Asset Management Holdings Limited** |
England & Wales |
Columbia Threadneedle Foundation |
England & Wales |
TC Financing Limited |
England & Wales |
Threadneedle Asset Management Limited |
England & Wales |
Threadneedle Investment Services Limited |
England & Wales |
Threadneedle Asset Management (Nominees) Limited |
England & Wales |
Sackville TIPP Property (GP) Limited |
England & Wales |
Threadneedle Asset Management Finance Limited |
England & Wales |
TMS Investment Limited |
Jersey |
Threadneedle International Limited |
England & Wales |
Parent Company /Subsidiary Name |
Jurisdiction |
Threadneedle Investments (Channel Islands) Limited |
Jersey |
Threadneedle Investments Limited |
England & Wales |
Threadneedle Management Services Limited |
England & Wales |
Threadneedle Pension Trustees Limited |
England & Wales |
Threadneedle Navigator ISA Manager Limited |
England & Wales |
Threadneedle Pensions Limited |
England & Wales |
Threadneedle Portfolio Services AG |
Switzerland |
Threadneedle Portfolio Services Limited |
England & Wales |
Threadneedle Property Investments Limited |
England & Wales |
Sackville (CTESIF) 2&3 GP Sàrl |
Luxembourg |
Sackville LCW (GP) Limited |
England & Wales |
Sackville LCW Sub LP 1 (GP) Limited |
England & Wales |
Sackville LCW Nominee 1 Limited |
England & Wales |
Sackville LCW Nominee 2 Limited |
England & Wales |
Sackville LCW Sub LP 2 (GP) Limited |
England & Wales |
Sackville LCW Nominee 3 Limited |
England & Wales |
Sackville LCW Nominee 4 Limited |
England & Wales |
Sackville Property Atlantic (Jersey GP) Limited |
Jersey |
Sackville Property Curtis (Jersey GP) Limited |
Jersey |
Sackville Property Farnborough (Jersey GP) Limited |
Jersey |
Sackville Property Hayes (Jersey GP) Limited |
Jersey |
Sackville UKPEC6 Hayes Nominee 1 Limited |
Jersey |
Sackville UKPEC6 Hayes Nominee 2 Limited |
Jersey |
Sackville Tandem Property (GP) Limited |
England & Wales |
Sackville TPEN Property (GP) Limited |
England & Wales |
Sackville TSP Property (GP) Limited |
England & Wales |
Sackville UK Property Select II (GP) Limited |
England & Wales |
Parent Company /Subsidiary Name |
Jurisdiction |
Sackville UK Property Select II (GP) No. 3 Limited |
England & Wales |
Sackville UK Property Select II Nominee (3) Limited |
England & Wales |
Sackville UK Property Select III (GP) No. 1 Limited |
England & Wales |
Sackville UK Property Select III Nominee (1) Limited |
England & Wales |
Sackville UK Property Select III Nominee (2) Limited |
England & Wales |
Sackville UK Property Select III (GP) No. 2 Limited |
England & Wales |
Sackville UK Property Select III Nominee (3) Ltd |
England & Wales |
Sackville UK Property Select III Nominee (4) Ltd |
England & Wales |
Sackville UK Property Select III (GP) No. 3 Limited |
England & Wales |
Sackville UK Property Select III Nominee (5) Ltd |
England & Wales |
Sackville UK Property Select III Nominee (6) Ltd |
England & Wales |
Sackville UK Property Select III (GP) S.à r.l. |
Luxembourg |
Sackville UK Property Select IV (GP) S.à.r.l. |
Luxembourg |
Sackville UK Property Select IV (GP) No. 1 Limited |
England |
Sackville UK Property Select IV Nominee (1) Limited |
England |
Sackville UK Property Select IV Nominee (2) Limited |
England |
Sackville UK Property Select IV (GP) No. 2 Limited |
England |
Sackville UK Property Select IV Nominee (3) Limited |
England |
Sackville UK Property Select IV Nominee (4) Limited |
England |
Sackville UK Property Select IV (GP) No. 3 Limited |
England |
Sackville UK Property Select IV Nominee (5) Limited |
England |
Sackville UK Property Select IV Nominee (6) Limited |
England |
Sackville UKPEC1 Leeds (GP) Limited |
England & Wales |
Sackville UKPEC3 Croxley (GP) Limited |
England & Wales |
Threadneedle Property Execution 1 Limited |
England & Wales |
Threadneedle Property Execution 2 Limited |
England & Wales |
Threadneedle UK Property Select IV Feeder SA SICAV-RAIF |
Luxembourg |
Parent Company /Subsidiary Name |
Jurisdiction |
Threadneedle Unit Trust Manager Limited |
England & Wales |
Threadneedle Management Luxembourg S.A. |
Luxembourg |
Name and Principal Business Address* |
|
Positions and
Offices with Underwriter |
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 |
NAME OF PRINCIPAL UNDERWRITER |
NET
UNDERWRITING
DISCOUNTS AND
COMMISSIONS |
COMPENSATION ON REDEMPTION |
BROKERAGE
COMMISSIONS |
COMPENSATION |
RiverSource Distributors, Inc. |
$394,275,424 |
None |
None |
None |
|
RiverSource Variable Account 10 | |
|
(Registrant) | |
|
By: |
/s/ Gumer C. Alvero |
|
|
Gumer C. Alvero Chairman of the Board and President |
|
RiverSource Life Insurance Company | |
|
(Depositor) | |
|
By: |
/s/ Gumer C. Alvero |
|
|
Gumer C. Alvero Chairman of the Board and President |
Signature |
Title |
/s/ Gumer C. Alvero |
Chairman of the Board and President (Chief Executive Officer) |
Gumer C. Alvero | |
/s/ Michael J. Pelzel |
Senior Vice President – Corporate Tax |
Michael J. Pelzel | |
/s/ Stephen P. Blaske |
Director, Senior Vice President and Chief Actuary |
Stephen P. Blaske | |
/s/ Shweta Jhanji |
Senior Vice President and Treasurer |
Shweta Jhanji | |
/s/ Brian E. Hartert |
Chief Financial Officer (Chief Financial Officer) |
Brian E. Hartert | |
/s/ Gene R. Tannuzzo |
Director |
Gene R. Tannuzzo | |
/s/ Gregg L. Ewing |
Vice President and Controller (Principal Accounting Officer) |
Gregg L. Ewing | |
/s/ Stephen R. Wolfrath |
Director, Vice President-Insurance and Annuities Product Development and Management |
Stephen R. Wolfrath | |
/s/ John R. Hutt |
Director |
John R. Hutt |