|
Pre-Effective Amendment No. |
[] |
|
Post-Effective Amendment No. 6 (File No.
333-229361) |
[X] |
|
Amendment No. 123 (File No. 811-07623) |
[X] |
[] |
immediately upon filing pursuant to paragraph (b) of Rule 485 |
[X] |
on May 1, 2025 pursuant to paragraph (b) of Rule 485 |
[] |
60 days after filing pursuant to paragraph (a)(1) of Rule 485 |
[] |
on [date] pursuant to paragraph (a)(1) of Rule 485 |
[] |
This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
Issued by: |
RiverSource Life Insurance Co. of New York
(RiverSource Life of
NY) 20 Madison Avenue Extension
Albany, NY 12203 Telephone: 1-800-541-2251 |
|
ameriprise.com/variableannuities RiverSource of New York Variable Annuity Account |
Service Center: |
RiverSource Life Insurance Co. of New York (RiverSource Life of NY) |
|
70500 Ameriprise Financial Center Minneapolis, MN 55474 Telephone: 1-800-541-2251 ameriprise.com/variableannuities |
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|
FEES AND EXPENSES
|
Location in
Statutory
Prospectus | ||
Charges for Early
Withdrawals |
If you withdraw money during the first 7 contract years, you may be
assessed a surrender charge of up to 7% of the purchase payments
withdrawn.
For example, if you make an early withdrawal, you could pay a surrender
charge of up to $7,000 on a $100,000 investment.
|
Fee Table and
Examples
Charges–
Surrender Charge | ||
Transaction
Charges |
We do not assess any transaction charges. |
| ||
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 duration and size of Contract value) |
1.23% |
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% |
2.00% | ||
(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:
$1,418
|
Highest Annual Cost:
$3,937
| |||
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 additional purchase payments, transfers or withdrawals •No sales charge | |||
|
RISKS |
| ||
Risk of Loss |
You can lose money by investing in this Contract including loss of principal. |
Principal Risks |
|
RISKS |
Location in
Statutory
Prospectus | ||
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 that may apply for the first seven
years. The surrender charges 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 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 the Fixed Account 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 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. •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 —
Investment
Allocation
Restrictions for
Certain Benefit
Riders |
|
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 — Investment Allocation Restrictions for Certain Benefit Riders Optional Benefits – Important SecureSource Series Rider Considerations Appendix B: 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 the 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) |
Maximum 7% |
Contract Year* |
Surrender charge percentage
applied to purchase payments |
1 |
7 % |
2 |
7 |
3 |
7 |
4 |
6 |
5 |
5 |
6 |
4 |
7 |
2 |
8+ |
0 |
Annual contract administrative charge* |
Maximum: $50 |
Current: $50 (1)
|
Annual contract administrative charge if your contract value equals or exceeds
$50,000 |
Maximum: $20 |
Current: $0 |
Standard Death Benefit |
Maximum/Current: 1.20%* |
ROPP Death Benefit |
Current/Maximum: 0.35% |
MAV Death Benefit |
Current/Maximum: 0.25% |
5-year MAV Death Benefit |
Current/Maximum:
0.10% |
SecureSource LegacySM benefit
rider fee (available for contract applications signed
prior to 5/4/2020) |
Maximum: 0.40% |
Current: 0.25%(2)
|
SecureSource LegacySM benefit
rider fee (available for contract applications signed
on or after 5/4/2020) |
Maximum: 0.50% |
Current: 0.35%(2)
|
Available for contract applications signed on or after
5/3/2021 |
|
SecureSource Tempo
NY SM– Single life rider fee |
Maximum: 2.50% |
SecureSource
Tempo NYSM
– Joint life rider fee |
Maximum: 2.50% |
Available for contract applications signed on or after 5/3/2021 and
prior to 1/1/2022 |
|
SecureSource Core 2
NYSM
– Single life rider fee |
Maximum: 2.50% |
SecureSource Core 2
NY SM
– Joint life rider fee |
Maximum: 2.50% |
SecureSource5NY®– Single
life rider fee |
Maximum: 2.50% |
SecureSource5NY ® – Joint
life rider fee |
Maximum: 2.50% |
SecureSource5Plus NY ® – Single
life rider fee |
Maximum: 2.50% |
SecureSource5Plus NY ® – Joint
life rider fee |
Maximum: 2.50% |
Available for contract applications signed prior to
5/3/2021 |
|
SecureSource Core NY
SM –
Single life rider fee |
Maximum: 2.25% |
SecureSource Core
NY SM
– Joint life rider fee |
Maximum: 2.25% |
SecureSource 4 NY®– Single life rider
fee |
Maximum: 2.25% |
SecureSource 4 NY® – Joint
life rider fee |
Maximum: 2.25% |
SecureSource4Plus NY®
– Single life rider fee |
Maximum: 2.25% |
SecureSource4Plus NY ® – Joint
life rider fee |
Maximum: 2.25% |
Available for contract applications signed prior to
3/30/2020 |
|
SecureSource
Core Plus
NY SM
– Single life rider fee |
Maximum: 2.75% |
SecureSource
Core Plus
NY SM
– Joint life rider fee |
Maximum: 2.75% |
Accumulation Protector Benefit® (APB®) rider
fee (available for contract applications signed prior to
3/30/2020) |
Maximum: 2.00% |
Current: 1.30%(4) |
Elective step up date
(Applications signed on/after 10/28/2019) |
|
Maximum annual rider fee |
Annual rider fee |
Prior to 9/1//2020 |
|
2.00% |
1.30% |
9/1//2020 and later |
|
2.00% |
2.00% |
Elective step up date
(Applications signed prior to 10/28/2019) |
Maximum annual rider fee |
Annual rider fee |
Prior to 9/1//2020 |
2.00% |
1.15% |
9/1//2020 and later |
2.00% |
2.00% |
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: | ||||||
1 year |
3 years |
5 years |
10 years |
1 year |
3 years |
5 years |
10 years |
$10,967 |
$19,678 |
$27,974 |
$51,485 |
$4,592 |
$14,183 |
$24,296 |
$51,435 |
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 |
$8,203 |
$11,060 |
$12,714 |
$18,599 |
$1,620 |
$5,025 |
$8,664 |
$18,549 |
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 |
Qualified annuities |
$1,000 |
Nonqualified annuities |
$2,000 |
through age 85 |
$1,000,000 |
for ages 86 to 90 |
$100,000 |
age 91 or older |
$0 |
through age 85 |
$100,000 |
for ages 86 to 90 |
$50,000 |
age 91 or older |
$0 |
Contract Year* |
Surrender charge percentage
applied to purchase payments |
1 |
7 % |
2 |
7 |
3 |
7 |
4 |
6 |
5 |
5 |
6 |
4 |
7 |
2 |
8+ |
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 |
Standard Death Benefit |
Maximum/Current: 1.20%* |
ROPP Death Benefit |
Maximum/Current: 0.35% |
MAV Death Benefit |
Maximum/Current: 0.25% |
5-year MAV Death Benefit |
Maximum/Current:
0.10% |
SecureSource series rider (Available for contract applications signed on or after 5/3/2021) |
Guaranteed Maximum Fee | |
Single Life rider |
Joint Life Rider | |
SecureSource Tempo NY |
2.50 % |
2.50 % |
SecureSource series rider (Available for contract applications signed on or after 5/3/2021 but prior to 1/1/2022 ) |
Single Life rider |
Joint Life Rider |
SecureSource Core 2 NY |
2.50 % |
2.50 % |
SecureSource 5 NY |
2.50 % |
2.50 % |
SecureSource 5 Plus NY |
2.50 % |
2.50 % |
SecureSource series rider
(Available for contract applications signed prior to
5/3/2021) |
Single Life rider |
Joint Life Rider |
SecureSource Core NY |
2.25 % |
2.25 % |
SecureSource 4 NY |
2.25 % |
2.25 % |
SecureSource 4 Plus NY |
2.25 % |
2.25 % |
SecureSource series rider (Available for contract applications signed prior to 3/30/2020) |
Single Life rider |
Joint Life Rider |
SecureSource Core Plus NY |
2.75 % |
2.75 % |
Elective step up date: |
Maximum annual rider fee |
Annual rider fee |
Prior to 09/01/2020 |
2.00% |
1.30% |
09/01/2020 and later |
2.00% |
2.00% |
Elective step up date: |
Maximum annual rider fee |
Annual rider fee |
Prior to 09/01/2020 |
2.00% |
1.15% |
09/01/2020 and later |
2.00% |
2.00% |
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 |
|
|
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% |
Participant Age |
Single
Option |
Joint
Option |
Participant
Age |
Single
Option |
Joint
Option |
Participant
Age |
Single
Option |
Joint
Option |
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 |
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 |
N/A |
N/A |
•Transfers not available to 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, 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 |
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 for contracts with the SecureSource Tempo rider |
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 |
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 series 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 |
Terminal Illness |
Allows you to withdraw
contract value without a
surrender charge |
N/A |
N/A |
•Terminal Illness diagnosis must occur 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 greater of
the Return of Purchase
Payment Value (ROPP) or
Contract Value after any rider charges have been deducted |
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 Contract Value after any rider charges
have been deducted |
N/A |
N/A |
•Annuitizing the Contract
terminates the benefit |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
Optional Benefits | ||||
ROPP Death
Benefit |
Provides a guaranteed death
benefit equal to the greater of
the Return of Purchase
Payment Value or
Contract Value after any rider charges have been deducted |
0.35% of
average daily
variable
account value |
0.35% |
•Available if any owner is age 80 and older •Must be elected at contract
issue
•Not available with any SecureSource series rider
•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 |
MAV Death
Benefit |
Increases the guaranteed
death benefit to the highest
anniversary contract value,
adjusted for any partial
surrenders |
0.25% of
average daily
variable
account value |
0.25% |
•Available to owners age 79
and younger
•Must be elected at contract issue •Not available with any
SecureSource series rider •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 |
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 |
0.10% of
average daily
variable
account value |
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 |
SecureSource
LegacySM
Benefit |
For contracts with one of the
SecureSource series riders increases the guaranteed death benefit to the highest anniversary contract value, adjusted for any partial surrenders. |
On or after
5/4/2020:
0.50%
Prior to
5/4/2020:
0.40% of
contract value or SecureSource Legacy Death
Benefit
amount,
whichever is
greater |
On or after
5/4/2020:
0.35%
Prior to
5/4/2020:
0.25% |
•Must be elected at contract
issue
•Available only when purchased with the one of SecureSource series riders
•Subject to Investment Allocation restrictions •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 |
SecureSource
Tempo NY |
Provides lifetime income
regardless of investment
performance |
2.50% of
contract value or the Benefit Base, whichever is greater |
Disclosed in
the Rate Sheet
Prospectus
Supplement
along with
other benefit
information |
•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 •May have limitations on
additional purchase
payments |
SecureSource
Core 2NY |
Provides lifetime income
regardless of investment
performance |
2.50% of
contract value or the Benefit Base, whichever is greater |
Disclosed in
the Rate Sheet
prospectus
Supplement
along with
other benefit
information |
•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
•May have limitations on additional purchase payments |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
SecureSource5 NY |
Provides lifetime income
regardless of investment
performance |
2.50% of
contract value or the Benefit Base, whichever is greater |
Disclosed in
the Rate Sheet
Prospectus
Supplement
along with
other benefit
information |
•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 •May have limitations on
additional purchase
payments |
SecureSource5® Plus NY |
Provides lifetime income
regardless of investment
performance |
2.50% of
contract value or the Benefit Base, whichever is greater |
Disclosed in
the Rate Sheet
Prospectus
Supplement
along with
other benefit
information |
•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
•May have limitations on additional purchase payments |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
SecureSource
CoreSM
NY |
Provides lifetime minimum
withdrawal benefit regardless
of investment performance |
2.25% of
contract value or the Benefit Base, whichever is greater |
Disclosed in
the Rate Sheet
Prospectus
Supplement
along with
other benefit
information |
•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 •Limitations on additional
purchase payments |
SecureSource
Core PlusSMNY |
Provides lifetime minimum
withdrawal benefit regardless
of investment performance |
2.75% of
contract value or the Benefit Base, whichever is greater |
Disclosed in
the Rate Sheet
Prospectus
Supplement
along with
other benefit
information |
•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
•Limitations on additional purchase payments |
Name of Benefit |
Purpose |
Maximum Fee |
Current Fee |
Brief Description of
Restrictions/ Limitations |
SecureSource4® NY |
Provides lifetime minimum
withdrawal benefit regardless
of investment performance |
2.25% of
contract value or the Benefit Base, whichever is greater |
Disclosed in
the Rate Sheet
Prospectus
Supplement
along with
other benefit
information |
•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 •Limitations on additional
purchase payments |
SecureSource4® Plus NY |
Provides lifetime minimum
withdrawal benefit regardless
of investment performance |
2.25% of
contract value or the Benefit Base, whichever is greater |
Disclosed in
the Rate Sheet
Prospectus
Supplement
along with
other benefit
information |
•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
•Limitations on 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 90% of highest
contract anniversary value
(adjusted for partial
surrenders) at the end of
10 year waiting period,
regardless of investment
performance |
2.00% of
contract value or the Minimum Contract Accumulation Value, whichever is greater |
Varies by issue
date and
elective step
up date |
•Available to owners age 80
or younger
•Must be elected at contract issue •Not available with
SecureSource series riders or SecureSource Legacy 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 |
Adjusted partial surrenders |
= |
PS × DB |
CV |
PS |
= |
the 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: |
|
| |
|
Total purchase payments minus adjusted partial surrenders, calculated as: |
$20,000 |
| |
|
$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 of the withdrawal |
b |
= |
the SecureSource Legacy benefit amount on the date of (but prior to) the withdrawal |
c |
= |
the contract value on the date of (but prior to) the withdrawal. |
d × e |
where: |
f |
d |
= |
the amount of the withdrawal minus the Remaining Annual Payment |
e |
= |
the SecureSource Legacy benefit amount on the date of (but prior to) the withdrawal minus the Remaining Annual Payment |
f |
= |
the contract value on the date of (but prior to) the withdrawal minus the Remaining Annual Payment. |
1 |
– |
(a/b) |
a |
= |
Contract value at the end of the prior valuation period |
b |
= |
Withdrawal Adjustment Base at the end of the prior valuation period |
a × b |
where: |
c |
a |
= |
the amount of the withdrawal |
b |
= |
the Withdrawal Adjustment Base on the date of (but prior to) the withdrawal |
c |
= |
the contract value on the date of (but prior to) the withdrawal. |
d × e |
where: |
f |
d |
= |
the amount of the withdrawal minus the Remaining Annual Payment |
e |
= |
the Benefit Base or Credit Carryover (as applicable) on the date of (but prior to) the withdrawal |
f |
= |
the contract value on the date of (but prior to) the withdrawal minus the Remaining Annual Payment. |
(a × b) + c |
where: |
|
a |
= |
Contract Returns Used for Credit |
b |
= |
Credit Multiplier |
c |
= |
Credit Carryover |
(a × b) + c - d |
where: |
|
a |
= |
Contract Returns Used for Credit |
b |
= |
Credit Multiplier |
c |
= |
Credit Carryover |
d |
= |
any Returns-linked Credit that was applied on this Rider Anniversary |
a × b |
where: |
c |
a |
= |
the amount of the withdrawal |
b |
= |
the Credit Base or Benefit Base (as applicable) on the date of (but prior to) the withdrawal |
c |
= |
the contract value on the date of (but prior to) the withdrawal. |
d × e |
where: |
f |
d |
= |
the amount of the withdrawal minus the Remaining Annual Payment |
e |
= |
the Benefit Base or Credit Base (as applicable) on the date of (but prior to) the withdrawal |
f |
= |
the contract value on the date of (but prior to) the withdrawal minus the Remaining Annual Payment. |
1 |
– |
(a/b) |
a |
= |
Contract value at the end of the prior valuation period |
b |
= |
Withdrawal Adjustment Base at the end of the prior valuation period |
a × b |
where: |
c |
a |
= |
the amount of the withdrawal |
b |
= |
the Withdrawal Adjustment Base on the date of (but prior to) the withdrawal |
c |
= |
the contract value on the date of (but prior to) the withdrawal. |
d × e |
where: |
f |
d |
= |
the amount of the withdrawal minus the Remaining Annual Payment |
e |
= |
the Benefit Base or Credit Base (as applicable) on the date of (but prior to) the withdrawal |
f |
= |
the contract value on the date of (but prior to) the withdrawal minus the Remaining Annual Payment. |
1 |
– |
(a/b) |
a |
= |
Contract value at the end of the prior valuation period |
b |
= |
Withdrawal Adjustment Base at the end of the prior valuation period |
a × b |
where: |
c |
a |
= |
the amount of the withdrawal |
b |
= |
the Withdrawal Adjustment Base on the date of (but prior to) the withdrawal |
c |
= |
the contract value on the date of (but prior to) the withdrawal. |
d × e |
where: |
f |
d |
= |
the amount of the withdrawal minus the Remaining Annual Payment |
e |
= |
the Benefit Base or Credit Base (as applicable) on the date of (but prior to) the withdrawal |
f |
= |
the contract value on the date of (but prior to) the withdrawal minus the Remaining Annual Payment. |
a × b |
where: |
c |
a |
= |
the amount of the withdrawal |
b |
= |
the Credit Base or Benefit Base (as applicable) on the date of (but prior to) the withdrawal |
c |
= |
the contract value on the date of (but prior to) the withdrawal. |
d × e |
where: |
f |
d |
= |
the amount of the withdrawal minus the Remaining Annual Payment |
e |
= |
the Benefit Base or Credit Base (as applicable) on the date of (but prior to) the withdrawal |
f |
= |
the contract value on the date of (but prior to) the withdrawal minus the Remaining Annual Payment. |
Purchase Payments |
Base Doubler Percentage |
Payments received before the first rider anniversary |
200 % |
Payments received thereafter |
100 % |
d × e |
where: |
f |
d |
= |
the amount of the withdrawal minus the Remaining Annual Payment |
e |
= |
the Benefit Base or Credit Base (as applicable) on the date of (but prior to) the withdrawal |
f |
= |
the contract value on the date of (but prior to) the withdrawal minus the Remaining Annual Payment. |
1 |
– |
(a/b) |
a |
= |
Contract value at the end of the prior valuation period |
b |
= |
Withdrawal Adjustment Base at the end of the prior valuation period |
a × b |
where: |
c |
a |
= |
the amount of the withdrawal |
b |
= |
the Withdrawal Adjustment Base on the date of (but prior to) the withdrawal |
c |
= |
the contract value on the date of (but prior to) the withdrawal. |
d × e |
where: |
f |
d |
= |
the amount of the withdrawal minus the Remaining Annual Payment |
e |
= |
the Benefit Base or Credit Base (as applicable) on the date of (but prior to) the withdrawal |
f |
= |
the contract value on the date of (but prior to) the withdrawal minus the Remaining Annual Payment. |
a × b |
where: |
c |
a |
= |
the Withdrawal Adjustment Base on the rider anniversary (but prior to rider anniversary processing) |
b |
= |
the Benefit Base determined above |
c |
= |
the Benefit Base on the rider anniversary (but prior to rider anniversary processing) |
1 |
– |
(a/b) |
a |
= |
Contract value at the end of the prior valuation period |
b |
= |
Withdrawal Adjustment Base at the end of the prior valuation period |
a × b |
where: |
c |
a |
= |
the amount of the withdrawal |
b |
= |
the Withdrawal Adjustment Base on the date of (but prior to) the withdrawal |
c |
= |
the contract value on the date of (but prior to) the withdrawal. |
d × e |
where: |
f |
d |
= |
the amount of the withdrawal minus the Remaining Annual Payment |
e |
= |
the Benefit Base or Credit Base (as applicable) on the date of (but prior to) the withdrawal |
f |
= |
the contract value on the date of (but prior to) the withdrawal minus the Remaining Annual Payment. |
a × b |
where: |
c |
a |
= |
the Withdrawal Adjustment Base on the rider anniversary (but prior to rider anniversary processing) |
b |
= |
the Benefit Base determined above |
c |
= |
the Benefit Base on the rider anniversary (but prior to rider anniversary processing) |
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, sub-adviser. |
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 2) (available for contract applications
signed on or after 5/3/2021)
Columbia Management Investment Advisers,
LLC |
1.01% |
21.10% |
10.71% |
7.83% |
Seeks maximum total
investment return
through a combination
of capital growth and
current income. |
Columbia Variable Portfolio - Balanced Fund
(Class 3) (available for contract applications
signed prior to 5/3/2021)
Columbia Management Investment Advisers,
LLC |
0.89% |
21.23% |
10.83% |
7.94% |
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 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 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 2) (available for contract
applications signed on or after 5/3/2021)
Columbia Management Investment Advisers,
LLC |
0.50% |
25.65% |
15.08% |
11.42% |
Seeks to provide
shareholders with
long-term capital
appreciation. |
Columbia Variable Portfolio - Large Cap Index
Fund (Class 3) (available for contract
applications signed prior to 5/3/2021)
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% |
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 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% |
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% |
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 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% |
Seeks to provide
shareholders with
long-term capital growth. |
CTIVP® - Westfield Select Large Cap 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 Shares
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
American Century Investment Management,
Inc. |
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)
Delaware 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% |
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 | |
Step 4. |
Next we determine PS, the amount by which the contract value is reduced by the
surrender. |
|
|
|
|
Contract with Gain |
Contract with
Loss | |
|
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: |
×6.0%
|
×6.0% | |
|
surrender charge: |
3,000.00 |
2,748.00 | |
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: |
(3,000.00
) |
(2.748.00 ) | |
|
Contract charge (assessed upon full surrender): |
(50.00
) |
(50.00 ) | |
|
Net full surrender proceeds: |
$56,950.00 |
$37,202.00 |
|
|
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 |
|
|
Contract with Gain |
Contract with
Loss | |
|
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): |
15,319.15 |
15,897.93 | |
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 = |
15,319.15 |
15,897.93 | |
|
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 = |
5,319.15 |
19,165.51 | |
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: |
5,319.15 |
19,165.51 | |
|
less PPF: |
0.00 |
4,200.00 | |
|
PPSC = amount of PPS subject to a surrender charge: |
5,319.15 |
14,965.51 | |
|
multiplied by the surrender charge rate: |
×6.0%
|
×6.0% | |
|
surrender charge: |
319.15 |
897.93 | |
Step 7. |
The dollar amount you will receive as a result of your partial surrender is
determined as: |
|
| |
|
Contract value surrendered: |
15,319.15 |
15,897.93 | |
|
Surrender charge: |
(319.15 ) |
(897.93 ) | |
|
Net partial surrender proceeds: |
$15,000.00 |
$15,000.00 |
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 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 |
= |
|
|
|
$22,000 |
–1,636
|
| |
|
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 |
= |
|
|
|
$25,000 |
–1,800
|
| |
|
for a death benefit of: |
$28,200 |
|
Contract
Duration
in Years |
Purchase
Payments |
Partial
Withdrawals |
Assumed
Contract
Value |
Credit
Base |
Benefit
Base |
Current
Annual
Payment |
Remaining
Annual
Payment |
Lifetime
Payment
Percentage |
SecureSource
Legacy
Death
Benefit |
At Issue |
$100,000 |
NA |
$100,000 |
$100,000 |
$100,000 |
$4,000 |
$4,000 |
4.00% |
$100,000 |
1 |
— |
— |
94,000 |
100,000 |
106,000 |
4,240 |
4,240 |
4.00% |
100,000 |
2 |
— |
— |
103,500 |
100,000 |
112,000 |
4,480 |
4,480 |
4.00% |
103,500 |
3 |
— |
— |
120,000 |
120,000 |
120,000 (1) |
4,800 |
4,800 |
4.00% |
120,000 |
3.5 |
— |
4,800 |
115,200 |
120,000 |
120,000 |
4,800 |
- |
4.00% |
115,200 |
4 |
— |
— |
115,000 |
120,000 |
120,000 (2) |
4,800 |
4,800 |
4.00% |
115,200 |
5 |
— |
— |
110,000 |
120,000 |
127,200 |
5,088 |
5,088 |
4.00% |
115,200 |
6 |
— |
— |
140,000 |
140,000 |
140,000 |
7,000 |
7,000 |
5.00% (3) |
140,000 |
7 |
— |
— |
120,000 |
140,000 |
148,400 |
7,420 |
7,420 |
5.00% |
140,000 |
7.5 |
— |
10,000 |
110,000 |
136,792 |
144,999 (4) |
7,420 |
- |
5.00% |
129,542 |
8 |
— |
— |
102,000 |
136,792 |
144,999 |
7,250 |
7,250 |
5.00% |
129,542 |
9 |
— |
— |
109,000 |
136,792 |
153,207 |
7,660 |
7,660 |
5.00% |
129,542 |
Contract
Duration
in Years |
Purchase
Payments |
Partial
With-
drawals |
Assumed
Contract
Value |
Credit
Base |
Benefit
Base |
Withdrawal
Adjustment
Base |
Benefit
Determining
Percentage |
Current
Annual
Payment |
Remaining
Annual
Payment |
Lifetime
Payment
Percentage |
Secure-
Source
Legacy
Death
Benefit |
At Issue |
$100,000 |
NA |
$100,000 |
$100,000 |
$100,000 |
$100,000 |
0.0% |
$4,600 |
$4,600 |
4.60% (1) |
$100,000 |
1 |
— |
— |
94,000 |
100,000 |
106,000 |
100,000 |
6.0% |
4,876 |
4,876 |
4.60% |
100,000 |
2 |
— |
— |
103,500 |
100,000 |
112,000 |
103,500 |
0.0% |
5,152 |
5,152 |
4.60% |
103,500 |
3 |
— |
— |
120,000 |
120,000 |
120,000 (2) |
120,000 |
0.0% |
5,520 |
5,520 |
4.60% |
120,000 |
3.5 |
— |
5,520 |
114,800 |
120,000 |
120,000 (3) |
114,480 |
0.0% |
5,520 |
- |
4.60% |
114,480 |
4 |
— |
— |
115,000 |
120,000 |
120,000 |
115,000 |
0.0% |
5,520 |
5,520 |
4.60% |
115,000 |
5 |
— |
— |
110,000 |
120,000 |
127,200 |
115,000 |
4.3% |
5,851 |
5,851 |
4.60% |
115,000 |
6 |
— |
— |
140,000 |
140,000 |
140,000 |
140,000 |
0.0% |
7,980 |
7,980 |
5.70% (4) |
140,000 |
7 |
— |
— |
120,000 |
140,000 |
148,400 |
140,000 |
14.3% |
8,459 |
8,459 |
5.70% |
140,000 |
7.5 |
— |
10,000 |
110,000 |
138,066 |
146,350 (5) |
128,333 |
14.3% |
8,459 |
- |
5.70% |
129,724 |
8 |
— |
— |
102,000 |
138,066 |
146,350 |
128,333 |
20.5% |
6,878 |
6,878 |
4.70% (6) |
129,724 |
9 |
— |
— |
109,000 |
138,066 |
154,633 |
128,333 |
15.1% |
8,814 |
8,814 |
5.70% |
129,724 |
Contract
Duration
in Years |
Purchase
Payments |
Partial
With-
drawals |
Assumed
Contract
Value |
Returns-
linked
Credit |
Benefit
Base |
Credit
Carryover |
Withdrawal
Adjustment
Base |
Benefit
Determining
Percentage |
Current
Annual
Payment |
Remaining
Annual
Payment |
Lifetime
Payment
Percentage |
Secure-
Source
Legacy
Death
Benefit |
At Issue |
$100,000 |
NA |
$100,000 |
|
$100,000 |
|
$100,000 |
0.0% |
$4,600 |
$4,600 |
4.60% (1) |
$100,000 |
1 |
- |
- |
94,000 |
- |
100,000 |
- |
100,000 |
6.0% |
4,600 |
4,600 |
4.60% |
100,000 |
2 |
- |
- |
103,500 |
9,400 |
109,400 |
9,400 (2) |
103,500 |
0.0% |
5,032 |
5,032 |
4.60% |
103,500 |
3 |
- |
- |
120,000 |
10,350 |
120,000 (3) |
10,350 |
120,000 |
0.0% |
5,520 |
5,520 |
4.60% |
120,000 |
3.5 |
- |
5,520 |
114,480 |
|
120,000 |
10,350 |
114,480 |
0.0% |
5,520 |
- |
4.60% |
114,480 |
4 |
- |
- |
115,000 |
- |
120,000 (4) |
10,350 |
115,000 |
0.0% |
5,520 |
5,520 |
4.60% |
115,000 |
5 |
- |
- |
110,000 |
10,350 (5) |
130,350 |
- |
115,000 |
4.3% |
5,996 |
5,996 |
4.60% |
115,000 |
6 |
- |
- |
140,000 |
11,000 |
141,350 |
11,000 |
140,000 |
0.0% |
6,502 |
6,502 |
4.60% |
140,000 |
7 |
- |
- |
120,000 |
11,000 |
152,350 |
- |
140,000 |
14.3% |
7,008 |
7,008 |
4.60% |
140,000 |
7.5 |
- |
10,000 |
110,000 |
|
148,316 (6) |
- |
128,333 |
14.3% |
7,008 |
- |
4.60% |
129,470 |
8 |
- |
- |
102,000 |
- |
148,316 |
- |
128,333 |
20.5% |
5,339 |
5,339 |
3.60% (7) |
129,470 |
9 |
- |
- |
109,000 |
10,200 |
158,516 |
3,800 |
128,333 |
15.1% |
7,292 |
7,292 |
4.60% |
129,470 |
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 |
Rate Sheet Prospectus Supplement dated April 29,
2019 | |
Product Name |
Prospectus Form #/Date |
RiverSource RAVA 5
ChoiceSM Variable
Annuity |
S- 6715 CA (4/19) |
Rider |
Single Life Option |
Joint Life Option |
SecureSource Core
NYSM |
1.30% |
1.40% |
SecureSource
Core Plus
NYSM |
1.40% |
1.50% |
SecureSource 4 NY® |
1.00% |
1.05% |
SecureSource4Plus NY® |
1.30% |
1.35% |
Age Bands |
Lifetime Payment
Percentage – Single Life |
Lifetime Payment
Percentage – Joint Life |
50-58 |
3.50 % |
N/A |
59-64* |
4.50 % |
4.20 % |
65-69 |
5.50 % |
5.20 % |
70-74 |
5.75 % |
5.45 % |
75-79 |
6.00 % |
5.70 % |
80+ |
6.50 % |
6.20 % |
Age Bands |
Lifetime Payment
Percentage – Single Life |
Lifetime Payment
Percentage – Joint Life |
60-64 |
4.50 % |
N/A |
65-69 |
5.50 % |
5.20 % |
70-74 |
5.75 % |
5.45 % |
75-79 |
6.00 % |
5.70 % |
80+ |
6.50 % |
6.20 % |
Age Bands |
Minimum Lifetime Payment
Percentage – Single Life |
Minimum Lifetime Payment
Percentage – Joint Life |
Income Bonus
Percentage |
50-58 |
3.00 % |
2.60 % |
1.00 % |
59-64 |
4.00 % |
3.60 % |
1.00 % |
65-69 |
5.00 % |
4.60 % |
1.00 % |
70-74 |
5.25 % |
4.85 % |
1.00 % |
75-79 |
5.50 % |
5.10 % |
1.00 % |
80+ |
6.00 % |
5.60 % |
1.00 % |
Age Bands |
Minimum Lifetime Payment
Percentage – Single Life |
Minimum Lifetime Payment
Percentage – Joint Life* |
Income Bonus
Percentage |
50-58 |
3.30 % |
N/A |
1.00 % |
59-64* |
4.30 % |
4.00 % |
1.00 % |
65-69 |
5.30 % |
5.00 % |
1.00 % |
70-74 |
5.55 % |
5.25 % |
1.00 % |
75-79 |
5.80 % |
5.50 % |
1.00 % |
80+ |
6.30 % |
6.00 % |
1.00 % |
Rider |
Annual Credit Percentage |
Credit Period |
SecureSource Core
NYSM |
6% |
12 years |
SecureSource
Core Plus
NYSM |
7% |
12 years |
SecureSource 4 NY®
|
6% |
12 years |
SecureSource4Plus NY® |
6% |
12 years |
Rider |
Issue Age - Single Life* |
Issue Age - Joint Life* |
SecureSource Core
NYSM |
85 or younger |
63- 85 |
SecureSource
Core Plus
NYSM |
60-85 |
65-85 |
SecureSource 4 NY®
|
85 or younger |
85 or younger |
SecureSource4Plus NY® |
85 or younger |
61-85 |
Rate Sheet Prospectus Supplement dated October 14, 2019 to the Prospectus Dated April 29, 2019 | |
Product Name |
Prospectus Form # |
RiverSource RAVA 5
ChoiceSM Variable
Annuity |
S- 6715 CA (4/19) |
Rider |
Single Life Option |
Joint Life Option |
SecureSource Core NYSM |
1.45% |
1.55% |
SecureSource Core Plus NYSM |
1.55% |
1.65% |
SecureSource 4 NY® |
1.35% |
1.40% |
SecureSource 4 Plus NY® |
1.45% |
1.70% |
Age Bands |
Lifetime Payment
Percentage – Single Life |
Lifetime Payment
Percentage – Joint Life |
50-58 |
3.30 % |
N/A |
59-64* |
4.30 % |
3.90 % |
65-69 |
5.30 % |
4.90 % |
70-74 |
5.55 % |
5.15 % |
75-79 |
5.80 % |
5.40 % |
80+ |
6.30 % |
5.90 % |
Age Bands |
Lifetime Payment
Percentage – Single Life |
Lifetime Payment
Percentage – Joint Life |
57-58 |
3.30 % |
N/A |
59-64* |
4.30 % |
3.90 % |
65-69 |
5.30 % |
4.90 % |
70-74 |
5.55 % |
5.15 % |
75 -79 |
5.80 % |
5.40 % |
80+ |
6.30 % |
5.90 % |
Age Bands |
Minimum Lifetime Payment
Percentage – Single Life |
Minimum Lifetime Payment
Percentage – Joint Life |
Income Bonus
Percentage |
50-58 |
3.00 % |
2.65 % |
1.00 % |
59-64 |
4.00 % |
3.65 % |
1.00 % |
65-69 |
5.00 % |
4.65 % |
1.00 % |
70-74 |
5.25 % |
4.90 % |
1.00 % |
75-79 |
5.50 % |
5.15 % |
1.00 % |
80+ |
6.00 % |
5.65 % |
1.00 % |
Age Bands |
Minimum Lifetime Payment
Percentage – Single Life |
Minimum Lifetime Payment
Percentage – Joint Life* |
Income Bonus
Percentage |
50-58 |
3.10 % |
N/A |
1.00 % |
59-64* |
4.10 % |
3.90 % |
1.00 % |
65-69 |
5.10 % |
4.90 % |
1.00 % |
70-74 |
5.35 % |
5.15 % |
1.00 % |
75-79 |
5.60 % |
5.40 % |
1.00 % |
80+ |
6.10 % |
5.90 % |
1.00 % |
Rider |
Annual Credit Percentage |
Credit Period |
SecureSource Core NYSM |
6% |
10 years |
SecureSource Core Plus NYSM |
7% |
10 years |
SecureSource 4 NY® |
6% |
10 years |
SecureSource 4 Plus NY® |
6% |
10 years |
Rider |
Issue Age - Single Life* |
Issue Age - Joint Life* |
SecureSource Core NYSM |
85 or younger |
60- 85 |
SecureSource Core Plus NYSM |
57-85 |
62-85 |
SecureSource 4 NY® |
85 or younger |
85 or younger |
SecureSource 4 Plus NY® |
85 or younger |
60-85 |
Rate Sheet Prospectus Supplement dated March 16,
2020 to the
Prospectus Dated April 29, 2019 | |
Product Name |
Prospectus Form # |
RiverSource RAVA 5
ChoiceSM Variable
Annuity |
S- 6715 CA (4/19) |
Rider |
Single Life Option |
Joint Life Option |
SecureSource Core NYSM |
1.60% |
1.70% |
SecureSource Core Plus NYSM |
N/A |
N/A |
SecureSource 4 NY® |
1.55% |
1.65% |
SecureSource 4 Plus NY® |
1.70% |
1.80% |
Age Bands |
Lifetime Payment
Percentage – Single Life |
Lifetime Payment
Percentage – Joint Life |
50-58 |
3.00 % |
2.60 % |
59-64 |
4.00 % |
3.60 % |
65-69 |
5.00 % |
4.60 % |
70-74 |
5.20 % |
4.70 % |
75-79 |
5.35 % |
4.85 % |
80+ |
5.50 % |
5.00 % |
Age Bands |
Lifetime Payment
Percentage – Single Life |
Lifetime Payment
Percentage – Joint Life |
57-58 |
N/A |
N/A |
59-64 |
N/A |
N/A |
65-69 |
N/A |
N/A |
70-74 |
N/A |
N/A |
75 -79 |
N/A |
N/A |
80+ |
N/A |
N/A |
Age Bands |
Minimum Lifetime Payment
Percentage – Single Life |
Minimum Lifetime Payment
Percentage – Joint Life |
Income Bonus
Percentage |
50-58 |
2.80 % |
2.45 % |
1.00 % |
59-64 |
3.80 % |
3.45 % |
1.00 % |
65-69 |
4.80 % |
4.45 % |
1.00 % |
70-74 |
5.00 % |
4.55 % |
1.00 % |
75-79 |
5.15 % |
4.70 % |
1.00 % |
80+ |
5.30 % |
4.85 % |
1.00 % |
Age Bands |
Minimum Lifetime Payment
Percentage – Single Life |
Minimum Lifetime Payment
Percentage – Joint Life* |
Income Bonus
Percentage |
50-58* |
2.80 % |
2.45 % |
1.00 % |
59-64 |
3.80 % |
3.45 % |
1.00 % |
65-69 |
4.80 % |
4.45 % |
1.00 % |
70-74 |
5.00 % |
4.55 % |
1.00 % |
75-79 |
5.15 % |
4.70 % |
1.00 % |
80+ |
5.30 % |
4.85 % |
1.00 % |
Rider |
Annual Credit Percentage |
Credit Period |
SecureSource Core NYSM |
6% |
10 years |
SecureSource Core Plus NYSM |
N/A |
N/A |
SecureSource 4 NY® |
6% |
10 years |
SecureSource 4 Plus NY® |
7% |
10 years |
Rider |
Issue Age - Single Life* |
Issue Age - Joint Life* |
SecureSource Core NYSM |
85 or younger |
85 or younger |
SecureSource Core Plus NYSM |
N/A |
N/A |
SecureSource 4 NY® |
85 or younger |
85 or younger |
SecureSource 4 Plus NY® |
85 or younger |
56-85 |
Rate Sheet Prospectus Supplement Dated May 1, 2021 to
the Prospectus Dated May 1, 2021 | |
Product Name |
Prospectus Form # |
RiverSource RAVA 5
ChoiceSM Variable Annuity |
S- 6715 CH (5/21) |
Rider |
Single Life Option |
Joint Life Option |
SecureSource Tempo
NYSM |
1.55% |
1.65% |
SecureSource 5 NYSM |
1.55% |
1.65% |
SecureSource 5 Plus NYSM |
1.70% |
1.80% |
SecureSource Core 2
NYSM |
1.60% |
1.70% |
Age Bands |
Minimum Lifetime Payment Percentage – Single Life |
Minimum Lifetime Payment Percentage – Joint Life |
Income Bonus Percentage |
50-58 |
2.60 % |
2.30 % |
1.00 % |
59-64 |
3.60 % |
3.30 % |
1.00 % |
65-69 |
4.70 % |
4.30 % |
1.00 % |
70-74 |
4.90 % |
4.40 % |
1.00 % |
75-79 |
5.00 % |
4.55- % |
1.00 % |
80+ |
5.10 % |
4.65 % |
1.00 % |
Age Bands |
Minimum Lifetime Payment Percentage – Single Life |
Minimum Lifetime Payment Percentage – Joint Life |
Income Bonus Percentage |
50-58 |
2.60 % |
2.30 % |
1.00 % |
59-64 |
3.60 % |
3.30 % |
1.00 % |
65-69 |
4.70 % |
4.30 % |
1.00 % |
70-74 |
4.90 % |
4.40 % |
1.00 % |
75-79 |
5.00 % |
4.55- % |
1.00 % |
80+ |
5.10 % |
4.65 % |
1.00 % |
Age Bands |
Minimum Lifetime Payment Percentage – Single Life |
Minimum Lifetime Payment Percentage – Joint Life |
Income Bonus
Percentage |
50-58 |
2.60 % |
2.30 % |
1.00 % |
59-64 |
3.60 % |
3.30 % |
1.00 % |
65-69 |
4.70 % |
4.30 % |
1.00 % |
70-74 |
4.90 % |
4.40 % |
1.00 % |
75-79 |
5.00 % |
4.55- % |
1.00 % |
80+ |
5.10 % |
4.65 % |
1.00 % |
Age Bands |
Lifetime Payment Percentage – Single Life |
Lifetime Payment Percentage – Joint Life |
50-58 |
3.00 % |
2.50 % |
59-64 |
4.00 % |
3.50 % |
65-69 |
5.00 % |
4.50 % |
70-74 |
5.20 % |
4.60 % |
75-79 |
5.35 % |
4.85 % |
80+ |
5.50 % |
5.00 % |
Rider |
Annual Credit Percentage |
Credit Period |
SecureSource Tempo
NYSM |
N/A |
15 years |
SecureSource 5 NYSM |
5% |
10 years |
SecureSource 5 Plus NYSM |
6% |
10 years |
SecureSource Core 2
NYSM |
5% |
10 years |
Rider |
Issue Age - Single Life* |
Issue Age - Joint Life* |
SecureSource Tempo
NYSM |
85 or younger |
85 or younger |
SecureSource 5 NYSM |
85 or younger |
85 or younger |
SecureSource 5 Plus NYSM |
85 or younger |
85 or younger |
SecureSource Core 2
NYSM |
85 or younger |
85 or younger |
(a) |
(i) |
|
|
(ii) |
|
(b) |
|
Not applicable. |
(c) |
|
|
(d) |
(i) |
|
|
(ii) |
|
|
(iii) |
|
|
(iv) |
|
|
(v) |
|
|
(vi) |
|
|
(vii) |
|
|
(viii) |
|
|
(ix) |
|
|
(x) |
|
|
(xi) |
|
|
(xii) |
|
|
(xiii) |
|
(xiv) |
Exhibit 4.15 to Registrant’s Initial Registration Statement No. 333‐229361, filed on or about Jan.25, 2019 is incorporated
by reference. |
|
(xv) |
|
|
(xvi) |
|
|
(xvii) |
|
|
(xviii) |
|
|
(xix) |
|
|
(xx) |
|
|
(xxi) |
|
|
(xxii) |
|
|
(xxiii) |
|
|
(xxiv) |
|
|
(xxv) |
|
|
(xxvi) |
|
(e) |
|
Statement No. 333-91691 is
incorporated herein by reference. See Exhibit 5 to Registration Statement No. 333-91691 filed
on 4/28/1998. |
(f) |
(i) |
|
|
(ii) |
|
(g) |
|
Not applicable. |
(h) |
(i) |
|
|
(ii) |
|
|
(xviii) |
|
|
(xix) |
|
|
(xx) |
|
|
(xxi) |
|
|
(xxii) |
|
|
(xxiii) |
|
(i) |
|
Not Applicable. |
(j) |
|
Not Applicable. |
(k) |
|
|
(l) |
|
|
(m) |
|
None |
(n) |
|
Not applicable. |
(o) |
|
Not applicable. |
(p) |
|
Name |
Principal Business Address*
|
Position and Offices With Depositor |
Gumer C. Alvero |
1765 Ameriprise Financial Center Minneapolis, MN 55474 |
Chairman of the Board, President and Chief Executive Officer |
Diana M. Marchesi |
1333 Jones St. #401San Francisco CA 94109 |
Director |
Michael J. Pelzel |
|
Senior Vice President - Corporate Tax |
Stephen P. Blaske |
|
Senior Vice President and Chief Actuary |
Mark Gorham |
|
Director and Vice President - Insurance Product Development |
Karen M. Bohn |
940 Cape Marco Drive #2205Marco Island FL 34145 |
Director |
Name |
Principal Business Address*
|
Position and Offices With Depositor |
Ronald L. Guzior |
BST& Co. CPAs, LLP
26 Computer Drive West
Albany, NY 12205 |
Director |
Sara S. Janz |
|
Director |
Brian E. Hartert |
|
Director |
Jason J. Poor |
|
Senior Vice President – Service & Operations |
Shweta Jhanji |
|
Senior Vice President and Treasurer |
Paula J. Minella |
|
Secretary |
Greg L. Ewing |
|
Vice President, Chief Financial Officer and Controller |
Kara D. Sherman |
|
Vice President – National Sales Manager - Insurance |
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 |
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 Installment Financing, LLC |
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 |
Parent Company /Subsidiary Name |
Jurisdiction |
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 |
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 Investments UK International Limited |
England & Wales |
Columbia Threadneedle (Europe) Limited |
England & Wales |
Columbia Threadneedle AM (Holdings) Limited |
Scotland |
Parent Company /Subsidiary Name |
Jurisdiction |
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 |
Columbia Threadneedle Group (Holdings) Limited |
England & Wales |
Columbia Threadneedle Group (Management) Limited |
England & Wales |
Columbia Threadneedle Holdings Limited |
England & Wales |
Columbia Threadneedle Management Limited |
England & Wales |
FCEM Holdings (UK) Limited |
England & Wales |
Columbia Threadneedle Netherlands B.V. |
Netherlands |
F&C Alternative Investments (Holdings) Limited |
England & Wales |
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 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 Limited |
England & Wales |
Columbia Threadneedle REP Property Management Limited |
England & Wales |
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 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 Group ESOP Trustee Limited |
Scotland |
F&C Investment Manager Limited |
England & Wales |
FP Asset Management Holdings Limited |
England & Wales |
Columbia Threadneedle Asset Managers Limited |
England & Wales |
Ivory & Sime Limited |
Scotland |
Columbia Threadneedle (EM) Investments Limited |
England & Wales |
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 |
Parent Company /Subsidiary Name |
Jurisdiction |
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 |
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 |
Parent Company /Subsidiary Name |
Jurisdiction |
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 TSP Property (GP) Limited |
England & Wales |
Sackville UK Property Select II (GP) Limited |
England & Wales |
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 |
Parent Company /Subsidiary Name |
Jurisdiction |
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 Nominee (7) Limited |
England |
Sackville UK Property Select IV Nominee (8) 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 |
Threadneedle Property Execution 1 Limited |
England & Wales |
Threadneedle Property Execution 2 Limited |
England & Wales |
Threadneedle UK Property Select IV Feeder SA SICAV-RAIF |
Luxembourg |
Threadneedle Management Luxembourg S.A. |
Luxembourg |
Name and Principal Business Address* |
|
Positions and Offices with Underwriter |
Kara D. Sherman |
|
Director |
Gumer C. Alvero |
|
Chairman of the Board and Chief Executive Officer |
Shweta Jhanji |
|
Senior Vice President and Treasurer |
Paula J. Minella |
|
Secretary |
Name and Principal Business Address* |
|
Positions and Offices with Underwriter |
Bartylla S. Jason |
|
Chief Financial Officer |
Sara S. Janz |
|
Director |
NAME OF PRINCIPAL UNDERWRITER |
NET
UNDERWRITING
DISCOUNTS AND
COMMISSIONS |
COMPENSATION ON REDEMPTION |
BROKERAGE
COMMISSIONS |
COMPENSATION |
RiverSource Distributors, Inc. |
$ 20,338,738 |
None |
None |
None |
|
RiverSource of New York Variable Annuity Account | |
|
(Registrant) | |
|
By: |
/s/
Gumer C. Alvero |
|
|
Gumer C. Alvero President and Chief Executive Officer |
|
RiverSource Life Insurance Co. of New York | |
|
(Depositor) | |
|
By: |
/s/
Gumer C. Alvero |
|
|
Gumer C. Alvero President and Chief Executive Officer |
Signature |
Title |
/s/
Gumer C. Alvero |
President and Chief Executive Officer (Chief Executive Officer)
|
Gumer C. Alvero | |
/s/
Michael J. Pelzel |
Senior Vice President – Corporate Tax |
Michael J. Pelzel | |
/s/
Kevin L. Kehn |
Director, Senior Vice President and Chief Actuary |
Kevin L. Kehn | |
/s/
Shweta Jhanji |
Senior Vice President and Treasurer |
Shweta Jhanji | |
/s/
Jason J. Poor |
Chairman of the Board, Senior Vice President – Service & Operations |
Jason J. Poor | |
/s/
Ronald L. Guzior |
Director |
Ronald L. Guzior | |
/s/
Brian E. Hartert |
Director |
Brian E. Hartert | |
/s/
Karen M. Bohn |
Director |
Karen M. Bohn | |
/s/
Sara S. Janz |
Director |
Sara S. Janz | |
/s/
Diana M. Marchesi |
Director |
Diana M. Marchesi |
Signature |
Title |
/s/
Gregg L. Ewing |
Vice President, Chief Financial Officer and Controller (Principal Accounting Officer) (Chief Financial Officer) |
Gregg L. Ewing |
/s/
Nicole D. Wood |
|
Nicole D. Wood Assistant General Counsel and Assistant Secretary |
|