RiverSource Life Insurance Co.

04/30/2026 | Press release | Distributed by Public on 04/30/2026 13:20

Updating Summary Prospectus (Form 497VPU)

RiverSource®
RAVA 5 Access® Variable Annuity
(Offered for contract applications signed on or after June 22, 2020)
Individual Flexible Premium Deferred Combination Fixed/Variable Annuity 
Issued by:
RiverSource Life Insurance Company (RiverSource Life)
70100 Ameriprise Financial Center
Minneapolis, MN 55474
Telephone: 1-800-862-7919
(Service Center)
ameriprise.com/variableannuities
Updating Summary Prospectus
May 1, 2026
The Prospectus for the RAVA 5 Access variable annuity contract (the Contract), an individual flexible premium deferred combination fixed/variable annuity issued by RiverSource Life Insurance Company ("RVS Life", "we", "us" and "our"), is available and contains more information about the Contract including its features, benefits and risks. You can find the current prospectus and other information about the Contract online at riversource.com/annuities. You can also obtain this information at no cost by calling 1-800-862-7919 or by sending an email request to [email protected].
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.
The Securities and Exchange Commission has not approved or disapproved these securities or determined if this prospectus is accurate or complete. Any representation to the contrary is a criminal offense.
RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus 1
Contents
 
Key Terms
3
Updated Information You Should Consider About the Contract
4
Important Information You Should Consider About the Contract
5
Appendix A : Investment Options Available Under the Contract
9
2 RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus
Key Terms
These terms can help you understand details about your Contract.
Annuitization start date: The date when annuity payments begin according to the applicable annuity payment plan.
Code: The Internal Revenue Code of 1986, as amended.
Contract value: The total value of your contract at any point in time. The contract value is the sum of the contract value in the Special DCA Fixed Account, contract value in the Variable Account, and contract value in the GPAs.
Contract year: A period of 12 months, starting on the effective date of your Contract and on each anniversary of the effective date.
Fixed Account: Part of our general account which includes the Special DCA Fixed Account. Amounts you allocate to this account earn interest at rates that we declare periodically.
Funds: Investment options under your contract. Unless your investment options have been restricted under an optional benefit rider, you may allocate your purchase payments into subaccounts investing in shares of any or all of these funds.
Guarantee Period Accounts (GPAs): Options to which you may allocate purchase payments or transfer contract value of at least $1,000. These accounts are held in a non-unitized separate account. We periodically declare the guaranteed interest rates for the available guaranteed periods. These guaranteed rates and periods of time may vary by state. Unless an exception applies, transfers or surrenders from a GPA done more than 30 days before the end of the guarantee period will receive a market value adjustment, which may result in a gain or loss.
Market Value Adjustment (MVA): A positive or negative adjustment assessed if any portion of a Guarantee Period Account is surrendered or transferred more than 30 days before the end of its guarantee period.
Qualified annuity: A contract that you purchase to fund a tax-deferred retirement plan that is subject to applicable federal law and any rules of the plan itself. Currently, we offer contracts only for Tax-Sheltered Annuities (TSAs) under Section 403(b) of the Code.
A qualified annuity will not provide any necessary or additional tax deferral if it is used to fund a retirement plan that is already tax-deferred.
All other contracts are considered nonqualified annuities.
Separate Account: An insulated segregated account, the assets of which are invested solely in the underlying Funds. We call this the Variable Account.
Service Center: Our department that processes all transaction and service requests for the Contracts. We consider all transaction and service requests received when they arrive in good order at the Service Center. Any transaction or service requests sent or directed to any location other than our Service Center may end up delayed or not processed. Our Service Center address and telephone number are listed on the first page of the prospectus.
Subaccount: A division of the Variable Account, each of which invests in one Fund.
Variable Account: Refers to the RiverSource Variable Account 10, a Separate Account established to hold Contract owners' assets allocated to the Subaccounts, each of which invests in a particular Fund.
RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus 3
Updated Information You Should Consider About the Contract
The information in this Updating Summary Prospectus is a summary of certain Contract features that have changed since the Prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your Contract.
UNDERLYING FUNDS
•
Effective June 28, 2025, Neuberger Berman AMT Sustainable Equity Portfolio changed its name to Neuberger Berman Quality Equity Portfolio.
•
Effective January 1, 2026, the "Appendix A: Investment Options Available Under the Contract" is amended to disclose the minimum guaranteed interest rate with respect to the Special DCA Fixed Account for contracts issued on or after July 1, 2026.
•
Effective July 1, 2026, the Income GuideSM Program is no longer available for new enrollments.
4 RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus
Important Information You Should Consider About the Contract 
FEES, EXPENSES, AND ADJUSTMENTS
Location in
Statutory
Prospectus
Are There Charges
or Adjustments for
Early
Withdrawals?
Yes. A positive or negative MVA is assessed if any portion of a GPA is
surrendered or transferred more than thirty days before the end of its
guarantee period. You could lose up to 100% of the amount withdrawn from
a GPA as a result of a negative MVA.
For example, if you allocate $100,000 to a GPA with a 3-year guarantee
period and later withdraw the entire amount before the 3 years have
ended, you could lose up to $100,000 of your investment. This loss will be
greater if you also have to pay taxes and tax penalties.
The following transactions when applied to a GPA, which we refer to as
"early surrenders", are subject to an MVA when they occur more than
30 days prior to the end of the guarantee period, unless an exception
applies: (i) surrenders (including full and partial surrenders, systematic
withdrawals, and required minimum distributions), (ii) transfers, and
(iii) annuitization. We will not apply a negative MVA to the payment of the
death benefit. An MVA may increase the death benefit but will not decrease
it.
Charges and
Adjustments -
Transaction
Expenses -
Surender Charge
for Fixed Annuity
Payout Plans
Charges and
Adjustments -
Adjustments -
Market Value
Adjustments
Are There
Transaction
Charges?
No. Other than negative MVAs, we do not assess any transaction charges.
 5
FEES, EXPENSES, AND ADJUSTMENTS
Location in
Statutory
Prospectus
Are There Ongoing
Fees and
Expenses?
Yes. The table below describes the current fees and expenses that you
may pay each year, depending on the investment options and optional
benefits 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
Charges and
Adjustments -
Annual Contract
Expenses
Appendix A:
Investment
Options Available
Under the
Contract
Annual Fee
Minimum
Maximum
Base Contract (varies by size of
Contract Value)(1)
0.96%
0.96%
Fund options
(Funds fees and expenses)(2)
0.39%
2.32%
Optional benefits available for an
additional charge
(for a single optional benefit, if
elected)(3)
0.10%
1.00%
(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 guaranteed death benefit.
Because your Contract is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your Contract,
the following table shows the lowest and highest cost you could pay each
year, based on current charges. This estimate assumes that you do not
take withdrawals from the Contract, which could add negative MVAs that
substantially increase costs.
Lowest Annual Cost:
$1,234
Highest Annual Cost:
$2,530
Assumes:
•Investment of $100,000
•5% annual appreciation
•Least expensive combination of
Contract features and Fund fees
and expenses
•No optional benefits
•No sales charge
•No additional purchase payments,
transfers or withdrawals
Assumes:
•Investment of $100,000
•5% annual appreciation
•Most expensive combination of
Contract features, optional
benefits and Fund fees and
expenses
•No sales charge
•No additional purchase payments,
transfers or withdrawals
RISKS
Is There a Risk of
Loss from Poor
Performance?
Yes. You can lose money by investing in this Contract including loss of
principal.
Principal Risks of
Investing in the
Contract
6 
RISKS
Location in
Statutory
Prospectus
Is this a
Short-Term
Investment?
No.
•The Contract is not a short-term investment and is not appropriate for an
investor who needs ready access to cash.
•Surrenders may also be subject to taxes and tax penalties.
•Surrenders from a GPA prior to 30 days before the end of the guarantee
period may also result in a negative MVA. During the 30-day period
ending on the last day of the guarantee period, you may choose to start
a new guarantee period of the same length, transfer the contract value
from the current GPA to any of the investment options available under
the Contract, apply the contract value to an annuity payout plan, or
surrender the value from the current GPA (all subject to applicable
surrender, transfer, and annuitization provisions). If we do not receive
any instructions by the end of the guarantee period, we will automatically
transfer the contract value from the current GPA into the shortest GPA
term available.
•The benefits of tax deferral and long-term income mean the contract is
generally more beneficial to investors with a long term investment
horizon.
Principal Risks of
Investing in the
Contract
Charges and
Adjustments -
Adjustments -
Market Value
Adjustments
What Are the
Risks Associated
with the
Investment
Options?
•An investment in the Contract is subject to the risk of poor investment
performance and can vary depending on the performance of the
investment options available under the Contract.
•Each investment option (including under the GPAs and any Fixed Account
investment options) has its own unique risks.
•You should review the investment options before making any investment
decisions.
Principal Risks of
Investing in the
Contract
The Variable
Account and the
Funds
The "Nonunitized"
Separate Account
and Guarantee
Period Accounts
(GPAs)
The Fixed Account
What Are the
Risks Related to
the Insurance
Company?
An investment in the Contract is subject to the risks related to us. Any
obligations (including under the Fixed Account) or guarantees and benefits
of the Contract that exceed the assets of the Separate Account are subject
to our claims-paying ability. If we experience financial distress, we may not
be able to meet our obligations to you. More information about RiverSource
Life, including our financial strength ratings, is available by contacting us at
1-800-862-7919.
Principal Risks of
Investing in the
Contract
The General
Account
RESTRICTIONS
Are There
Restrictions on
the Investment
Options?
Yes.
•Subject to certain restrictions, you may transfer your Contract value
among the subaccounts without charge at any time before the
annuitization start date, and once per contract year after the
annuitization start date.
•Certain transfers out of the GPAs will be subject to an MVA.
•GPAs (available for applications dated prior to 12/5/2022) are subject to
certain restrictions
•We reserve the right to modify, restrict or suspend your transfer
privileges if we determine that your transfer activity constitutes market
timing.
•We reserve the right to add, remove or substitute Funds as investment
options. We also reserve the right, upon notification to you, to close or
restrict any Funds.
Making the Most
of Your Contract -
Transferring
Among Accounts
Substitution of
Investments
 7
RESTRICTIONS
Location in
Statutory
Prospectus
Are There any
Restrictions on
Contract
Benefits?
Yes.
•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.
•We may stop offering an optional benefit at any time for new sales.
Optional
Benefits -
Enhanced Legacy
Benefit -
Investment
Allocation
Restriction
TAXES
What Are the
Contract's Tax
Implications?
•Consult with a tax advisor to determine the tax implications of an
investment in and payments and withdrawals received under this
Contract.
•If you purchase the Contract through a tax-qualified plan or individual
retirement account, you do not get any additional tax benefit.
•Earnings under your contract are taxed at ordinary income tax rates
generally when withdrawn. You may have to pay a tax penalty if you take
a withdrawal before age 59½.
Taxes
CONFLICTS OF INTEREST
How Are
Investment
Professionals
Compensated?
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
Should I Exchange
My Contract?
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
8 
Appendix A: Investment Options Available Under the Contract
The following is a list of funds available under the contract. More information about the funds is available in the prospectuses for the funds, which may be amended from time to time and can be found online at riversource.com. You can also request this information at no cost by calling 1-800-862-7919 or by sending an email request to [email protected]. Depending on the optional benefits you choose, you may not be able to invest in certain funds. See table below "Funds Available Under the Enhanced Legacy Benefit."
The current expenses and performance information below reflects fee and expenses of the funds, but do not reflect the other fees and expenses that your contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each fund's past performance is not necessarily an indication of future performance. 
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
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)1,2
AllianceBernstein L.P.
1.10%3
13.21%
4.74%
5.25%
Seeks long-term growth
of capital.
AB VPS Large Cap Growth Portfolio (Class B)
AllianceBernstein L.P.
0.90%
12.85%
11.76%
15.88%
Seeks long-term growth
of capital.
AB VPS Relative Value Portfolio (Class B)4
AllianceBernstein L.P.
0.85%3
10.20%
11.15%
10.30%
Seeks long-term growth
of capital.
AB VPS Sustainable Global Thematic
Portfolio (Class B)4
AllianceBernstein L.P.
1.20%3
6.02%
3.02%
9.80%
Seeks long-term capital
appreciation.
Allspring VT Opportunity Fund (Class 2)2
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
subadviser.
1.00%3
6.71%
8.94%
11.85%
Seeks long-term capital
appreciation.
Allspring VT Small Cap Growth Fund
(Class 2)
Allspring Funds Management, LLC, adviser;
Allspring Global Investments, LLC,
subadviser.
1.16%
9.25%
(0.96%)
9.94%
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%
4.66%
22.06%
10.70%
Seeks long-term growth
of capital.
BlackRock Advantage SMID Cap V.I. Fund
(Class III)4
BlackRock Advisors, LLC
0.80%3
10.87%
6.77%
10.85%
Seeks high total
investment return.
BlackRock Global Allocation V.I. Fund
(Class III)5
BlackRock Advisors, LLC, adviser; BlackRock
(Singapore) Limited and BlackRock
International Limited, subadvisers.
1.01%3
19.42%
5.51%
7.33%
RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus 9
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks long-term capital
appreciation.
BNY Mellon Sustainable U.S. Equity
Portfolio, Inc. (Service Shares)4
BNY Mellon Investment Adviser, Inc.,
adviser; Newton Investment Management
Limited, subadviser.
0.91%
15.67%
11.65%
13.27%
Seeks to achieve a
competitive total return
through an actively
managed portfolio of
stocks, bonds and
money market
instruments which offer
income and capital
growth opportunity.
Calvert VP SRI Balanced Portfolio (Class F)4
Calvert Research and Management
0.90%
11.68%
8.43%
9.51%
Seeks long-term capital
appreciation.
Columbia Variable Portfolio - Acorn Fund
Columbia Management Investment Advisers,
LLC
0.86%3
4.47%
1.02%
8.66%
Seeks long-term capital
appreciation.
Columbia Variable Portfolio - Acorn
International Fund
Columbia Management Investment Advisers,
LLC
1.01%3
12.76%
(1.00%)
4.31%
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
0.96%3
13.75%
8.45%
9.48%
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 on or after 5/3/2021)
Columbia Management Investment Advisers,
LLC
0.84%3
13.91%
8.59%
9.59%
Seeks to provide
shareholders with total
return.
Columbia Variable Portfolio - Commodity
Strategy Fund (Class 2)
Columbia Management Investment Advisers,
LLC
0.98%3
15.30%
12.44%
6.46%
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%3
17.35%
13.89%
14.03%
Seeks long-term capital
appreciation.
Columbia Variable Portfolio - Cornerstone
Equity Fund (Class 2) (previously Columbia
Variable Portfolio - Select Large Cap Equity
Fund (Class 2))4
Columbia Management Investment Advisers,
LLC
0.92%
13.96%
13.30%
-
Seeks to provide
shareholders with
long-term capital growth.
Columbia Variable Portfolio - Cornerstone
Growth Fund (Class 2) (previously Columbia
Variable Portfolio - Large Cap Growth Fund
(Class 2))
Columbia Management Investment Advisers,
LLC
0.96%
15.85%
13.75%
15.69%
10 RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks to provide
shareholders with
capital appreciation.
Columbia Variable Portfolio - Disciplined
Core Fund (Class 2)
Columbia Management Investment Advisers,
LLC
0.93%
14.35%
13.87%
13.31%
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
0.90%3
15.56%
11.60%
10.15%
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
0.98%
12.65%
1.47%
4.03%
Seeks to provide
shareholders with
long-term capital growth.
Columbia Variable Portfolio - Emerging
Markets Fund (Class 2)
Columbia Management Investment Advisers,
LLC
1.34%3
30.87%
(1.37%)
7.00%
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
0.59%3
3.71%
2.79%
1.72%
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%3
8.49%
3.93%
5.51%
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%3
8.43%
3.60%
5.17%
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
0.78%
8.84%
(0.68%)
2.52%
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%3
17.25%
13.84%
14.21%
RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus 11
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks to provide
shareholders with
long-term capital
appreciation.
Columbia Variable Portfolio - Large Cap Index
Fund (Class 3) (available for contract
applications signed on or after 5/3/2021)
Columbia Management Investment Advisers,
LLC
0.38%3
17.43%
13.98%
14.35%
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
0.72%3
5.98%
(5.48%)
1.31%
Seeks to provide
shareholders with
capital appreciation.
Columbia Variable Portfolio - Overseas Core
Fund (Class 2)
Columbia Management Investment Advisers,
LLC
1.05%
37.96%
8.92%
7.55%
Seeks to provide
shareholders with high
total return through
income and growth of
capital.
Columbia Variable Portfolio - Select
Corporate Income Fund (Class 2) (previously
Columbia Variable Portfolio - Corporate Bond
Fund (Class 2))
Columbia Management Investment Advisers,
LLC
0.72%3
7.55%
1.20%
1.94%
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
0.94%
27.97%
13.32%
12.30%
Seeks to provide
shareholders with
growth of capital.
Columbia Variable Portfolio - Select Mid Cap
Growth Fund (Class 2)
Columbia Management Investment Advisers,
LLC
1.08%3
14.86%
7.26%
11.89%
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
1.08%3
13.87%
10.90%
10.17%
Seeks to provide
shareholders with a
level of current income
consistent with
preservation of capital.
Columbia Variable Portfolio - Select Short
Corporate Income Fund (Class 2) (previously
Columbia Variable Portfolio - Limited
Duration Credit Fund (Class 2))
Columbia Management Investment Advisers,
LLC
0.66%3
6.00%
1.90%
2.94%
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%3
6.30%
8.66%
7.97%
Seeks to provide
shareholders with
long-term capital
appreciation.
Columbia Variable Portfolio - Seligman
Global Technology Fund (Class 2)4
Columbia Management Investment Advisers,
LLC
1.18%3
34.37%
18.42%
22.70%
Seeks long-term capital
appreciation.
Columbia Variable Portfolio - Small Cap
Value Discovery Fund (Class 2) (previously
Columbia Variable Portfolio - Small Cap
Value Fund (Class 2))4
Columbia Management Investment Advisers,
LLC
1.16%3
14.66%
12.19%
11.20%
12 RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
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
0.95%3
6.88%
1.87%
3.99%
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
0.70%
8.83%
(0.32%)
1.65%
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-Linked
Securities Fund (Class 2) (previously 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%3
3.84%
(1.74%)
1.71%
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.
1.09%
2.11%
6.36%
5.44%
Seeks to provide
shareholders with a high
level of current income.
CTIVP® - Fidelity Institutional AM® Total Bond
Fund (Class 2) (previously CTIVP® - American
Century Diversified Bond Fund (Class 2))
Columbia Management Investment Advisers,
LLC, adviser; FIAM LLC, subadviser; FMR
Investment Management (UK) Limited,
sub-subadviser.
0.74%
7.24%
(0.57%)
2.08%
Seeks to provide
shareholders with
long-term capital growth.
CTIVP® - Principal Large Cap Growth Fund
(Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Principal Global Investors, LLC,
subadviser.
0.95%
13.49%
10.20%
14.38%
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.
0.94%
12.12%
10.15%
9.64%
Seeks to provide
shareholders with total
return through current
income and capital
appreciation.
CTIVP® - TCW Total Return Bond Fund
(Class 2) (previously CTIVP® - TCW Core Plus
Bond Fund (Class 2))
Columbia Management Investment Advisers,
LLC, adviser; TCW Investment Management
Company LLC, subadviser.
0.75%
7.31%
(0.78%)
1.79%
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%
2.00%
9.37%
10.43%
RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus 13
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks to provide
shareholders with
long-term capital growth.
CTIVP® - Wellington Large Cap Value Fund
(Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Wellington Management
Company LLP, subadviser.
0.86%3
19.61%
10.97%
10.43%
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.
1.08%3
10.12%
6.89%
11.90%
Seeks to provide
shareholders with
long-term capital growth.
CTIVP® - Westfield Select Large Cap Growth
Fund (Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Westfield Capital Management
Company, L.P., subadviser.
0.94%
16.98%
1.78%
13.02%
Seeks investment
results that correspond
to the total return
performance of common
stocks as represented
by the MSCI EAFE Index.
CVT EAFE International Index Portfolio
(Class F)4
Calvert Research and Management
0.68%3
30.64%
8.31%
7.63%
Seeks investment
results that correspond
to the investment
performance of U.S.
common stocks, as
represented by the
NASDAQ 100 Index.
CVT Nasdaq 100 Index Portfolio (Class F)4
Calvert Research and Management, adviser;
Ameritas Investment Partners, Inc,
subadviser.
0.74%3
20.10%
14.45%
18.79%
Seeks investment
results that correspond
to the investment
performance of U.S.
common stocks, as
represented by the
Russell 2000® Index.
CVT Russell 2000® Small Cap Index
Portfolio (Class F)4
Calvert Research and Management, adviser;
Ameritas Investment Partners, Inc,
subadviser.
0.60%3
12.23%
5.62%
9.08%
Seeks capital
appreciation.
DWS Alternative Asset Allocation VIP
(Class B)5
DWS Investment Management Americas
Inc., adviser; RREEF America L.L.C.,
subadviser.
1.31%
10.03%
4.88%
4.52%
Seeks high level of
current income.
Eaton Vance VT Floating-Rate Income Fund
(Initial Class)4
Eaton Vance Management
1.19%
3.95%
4.64%
4.43%
Seeks long-term capital
appreciation.
Fidelity® VIP Contrafund® Portfolio (Service
Class 2)
Fidelity Management & Research Company,
adviser; Fidelity Management & Research
Company (UK) Limited, Fidelity
Management & Research Company (Hong
Kong) Limited, Fidelity Management &
Research Company (Japan) Limited,
subadvisers.
0.79%
21.24%
15.08%
15.49%
14 RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks capital
appreciation.
Fidelity® VIP Emerging Markets Portfolio
(Service Class 2)4
Fidelity Management & Research Company,
adviser; 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.
1.12%
40.79%
5.62%
10.66%
Seeks capital
appreciation.
Fidelity® VIP Energy Portfolio (Service
Class 2)4
Fidelity Management & Research Company,
adviser; Fidelity Management & Research
Company (UK) Limited, Fidelity
Management & Research Company (Hong
Kong) Limited, Fidelity Management &
Research Company (Japan) Limited,
subadvisers.
0.85%
10.34%
23.86%
7.69%
Seeks high total return
through a combination
of current income and
capital appreciation.
Fidelity® VIP Growth & Income Portfolio
(Service Class 2)4
Fidelity Management & Research Company,
adviser; Fidelity Management & Research
Company (UK) Limited, Fidelity
Management & Research Company (Hong
Kong) Limited, Fidelity Management &
Research Company (Japan) Limited,
subadvisers.
0.72%
21.21%
15.83%
13.56%
Seeks to provide capital
growth.
Fidelity® VIP Growth Opportunities Portfolio
(Service Class 2)4
Fidelity Management & Research Company,
adviser; Fidelity Management & Research
Company (UK) Limited, Fidelity
Management & Research Company (Hong
Kong) Limited, Fidelity Management &
Research Company (Japan) Limited,
subadvisers.
0.81%
21.73%
11.04%
19.64%
Seeks capital
appreciation.
Fidelity® VIP International Capital
Appreciation Portfolio (Service Class 2)4
Fidelity Management & Research Company,
adviser; 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.
1.02%
18.36%
5.99%
9.53%
RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus 15
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks as high level of
current income as is
consistent with the
preservation of capital.
Fidelity® VIP Investment Grade Bond
Portfolio (Service Class 2)4
Fidelity Management & Research Company,
adviser; Fidelity Management & Research
Company (UK) Limited, Fidelity
Management & Research Company (Hong
Kong) Limited, Fidelity Management &
Research Company (Japan) Limited,
subadvisers.
0.62%
6.93%
(0.21%)
2.45%
Seeks long-term growth
of capital.
Fidelity® VIP Mid Cap Portfolio (Service
Class 2)
Fidelity Management & Research Company,
adviser; Fidelity Management & Research
Company (UK) Limited, Fidelity
Management & Research Company (Hong
Kong) Limited, Fidelity Management &
Research Company (Japan) Limited,
subadvisers.
0.80%
11.49%
9.83%
10.31%
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,
adviser; 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.
0.88%
8.58%
2.79%
4.40%
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)2
Franklin Advisers, Inc.
0.72%
12.56%
7.66%
7.30%
Seeks to maximize
income while
maintaining prospects
for capital appreciation.
Under normal market
conditions, the fund
invests in a diversified
portfolio of debt and
equity securities.
Franklin Income VIP Fund (Class 4)4
Franklin Advisers, Inc.
0.82%
12.43%
7.54%
7.19%
Seeks capital
appreciation.
Franklin Mutual Global Discovery VIP Fund
(Class 4)4
Franklin Mutual Advisers, LLC
1.26%
23.25%
11.88%
8.41%
16 RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
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)2
Franklin Mutual Advisers, LLC
0.94%
11.52%
9.20%
7.53%
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)2
Franklin Mutual Advisers, LLC
0.91%3
7.65%
8.86%
9.81%
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 4)4
Franklin Mutual Advisers, LLC
1.01%3
7.49%
8.75%
9.71%
Seeks long-term growth
of capital.
Goldman Sachs VIT Small Cap Equity
Insights Fund (Service Shares)4
Goldman Sachs Asset Management, L.P.
1.07%3
15.82%
10.19%
10.57%
Seeks total return with a
low to moderate
correlation to traditional
financial market indices.
Invesco V.I. Balanced-Risk Allocation Fund
(Series II Shares)1,5
Invesco Advisers, Inc.
1.13%3
8.69%
2.27%
4.91%
Seeks capital growth
and income through
investments in equity
securities, including
common stocks,
preferred stocks and
securities convertible
into common and
preferred stocks.
Invesco V.I. Comstock Fund (Series II
Shares)4
Invesco Advisers, Inc.
1.00%
17.14%
15.14%
11.67%
Seeks total return,
comprised of current
income and capital
appreciation.
Invesco V.I. Core Plus Bond Fund (Series II
Shares)4
Invesco Advisers, Inc.
0.87%3
6.96%
(0.36%)
2.73%
Seeks capital
appreciation.
Invesco V.I. Global Fund (Series II Shares)
Invesco Advisers, Inc.
1.06%
15.05%
7.01%
10.72%
Seeks total return
Invesco V.I. Global Strategic Income Fund
(Series II Shares)2
Invesco Advisers, Inc.
1.20%3
12.75%
1.39%
2.76%
RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus 17
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks capital
appreciation.
Invesco V.I. Main Street Small Cap Fund®
(Series II Shares)
Invesco Advisers, Inc.
1.09%
8.44%
8.07%
10.31%
Seeks long-term growth
of capital.
Invesco V.I. Technology Fund (Series II
Shares)4
Invesco Advisers, Inc.
1.21%
20.16%
10.02%
15.49%
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%
14.84%
8.21%
9.86%
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%3
7.22%
(0.47%)
2.07%
Seeks long-term growth
of capital.
Janus Henderson Forty Portfolio (Service
Shares)4
Janus Henderson Investors US LLC
0.87%
17.86%
11.37%
15.96%
Seeks long-term growth
of capital.
Janus Henderson Global Technology and
Innovation Portfolio (Service Shares)4
Janus Henderson Investors US LLC
0.97%
24.84%
13.44%
21.18%
Seeks long-term growth
of capital.
Janus Henderson Overseas Portfolio
(Service Shares)4
Janus Henderson Investors US LLC
0.96%
28.58%
9.17%
8.97%
Seeks long-term growth
of capital.
Janus Henderson Research Portfolio
(Service Shares)2
Janus Henderson Investors US LLC
1.07%
18.10%
13.83%
15.59%
Seeks long-term capital
appreciation.
Lazard Retirement Emerging Markets Equity
Portfolio (Service Shares)4
Lazard Asset Management, LLC
1.38%3
41.77%
10.76%
9.35%
Seeks total return.
Lazard Retirement Global Dynamic
Multi-Asset Portfolio (Service Shares)1
Lazard Asset Management, LLC
1.05%3
15.72%
5.19%
5.93%
Seeks to deliver high
current income and
long-term growth of
capital by investing
primarily in a variety of
fixed income securities
and select equity-related
securities.
Lord Abbett Series Fund Bond Debenture
Portfolio (Class VC)4
Lord, Abbett & Co LLC
0.98%
8.33%
2.10%
4.72%
18 RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks to deliver a high
level of current income
consistent with the
preservation of capital
by investing in a variety
of short maturity debt
securities including,
investment grade and
high yield corporate
bonds, U.S. government
securities, and
mortgage- and other
asset-backed debt
securities.
Lord Abbett Series Fund Short Duration
Income Portfolio (Class VC)4
Lord, Abbett & Co LLC
0.72%3
5.90%
2.25%
2.62%
Seeks capital growth.
LVIP American Century International Fund
(Service Class)4
Lincoln Financial Investments Corporation,
adviser; American Century Investment
Management, Inc., subadviser.
1.10%3
15.81%
1.71%
6.27%
Seeks long-term capital
growth. Income is a
secondary objective.
LVIP American Century Mid Cap Value Fund
(Service Class)4
Lincoln Financial Investments Corporation,
adviser; American Century Investment
Management, Inc., subadviser.
1.01%3
8.83%
8.72%
8.96%
Seeks to provide high
total return from a
portfolio of selected
equity securities.
LVIP American Century Value Fund (Service
Class)
Lincoln Investment Advisors Corporation,
adviser; American Century Investment
Management, Inc., subadviser.
0.86%3
15.85%
11.47%
10.07%
Seeks to provide high
total return from a
portfolio of selected
equity securities.
LVIP JPMorgan U.S. Equity Fund (Service
Class)
Lincoln Investment Advisors Corporation,
adviser; J.P. Morgan Investment
Management Inc., subadviser.
0.88%
14.26%
13.40%
14.56%
Seeks total return.
MFS® Global Real Estate Portfolio (Service
Class)4
Massachusetts Financial Services Company
1.15%3
3.30%
1.08%
4.76%
Seeks capital
appreciation.
MFS® International Growth Portfolio (Service
Class)4
Massachusetts Financial Services Company
1.13%3
20.81%
6.80%
9.60%
Seeks capital
appreciation.
MFS® Research International Portfolio
(Service Class)4
Massachusetts Financial Services Company
1.15%3
21.75%
5.25%
7.27%
Seeks total return.
MFS® Utilities Series (Service Class)
Massachusetts Financial Services Company
1.03%3
14.76%
7.38%
9.22%
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%3
12.44%
(5.46%)
14.04%
RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus 19
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
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 Quality Equity
Portfolio (Class S) (previously Neuberger
Berman AMT Sustainable Equity Portfolio
(Class S))
Neuberger Berman Investment Advisers LLC
1.12%
13.41%
12.54%
12.66%
Seeks to provide total
return.
Nomura VIP Asset Strategy Series (Service
Class) (previously Macquarie VIP Asset
Strategy Series (Service Class))
Delaware Management Company, adviser;
Macquarie Investment Management Global
Limited, subadviser.
0.77%3
16.66%
7.07%
7.84%
Seeks high current
income.
Nomura VIP Fund for Income Series (Service
Class) (previously Macquarie VIP Fund for
Income Series (Service Class))4
Delaware Management Company, adviser;
Nomura Corporate Research and Asset
Management Inc., subadviser.
1.05%3
8.80%
-
-
Seeks long-term capital
growth.
Nomura VIP International Core Equity Series
(Service Class) (previously Macquarie VIP
International Core Equity Series (Service
Class))4
Delaware Management Company
1.11%3
24.24%
7.83%
6.62%
Seeks maximum real
return, consistent with
preservation of real
capital and prudent
investment
management.
PIMCO VIT All Asset Portfolio (Advisor
Class)5
Pacific Investment Management Company
LLC (PIMCO)
2.23%3
14.19%
5.49%
6.67%
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 Class)2,5
Pacific Investment Management Company
LLC (PIMCO)
1.31%3
21.77%
6.94%
7.88%
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)
0.83%
8.78%
(0.08%)
2.26%
Seeks capital
appreciation.
Putnam VT Global Health Care Fund
(Class IB Shares)
Putnam Investment Management, LLC,
adviser; Franklin Advisers, Inc., Franklin
Templeton Investment Management Limited
and The Putnam Advisory Company, LLC,
subadviser.
1.00%
15.05%
7.71%
8.36%
20 RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks capital growth.
Current income is a
secondary objective.
Putnam VT International Value Fund
(Class IB Shares)
Putnam Investment Management, LLC,
adviser; Franklin Advisers, Inc., Franklin
Templeton Investment Management Limited
and The Putnam Advisory Company, LLC,
subadviser.
1.06%
34.68%
12.49%
8.86%
Seeks capital growth
and current income.
Putnam VT Large Cap Value Fund (Class IB
Shares)
Putnam Investment Management, LLC,
adviser; Franklin Advisers, Inc. and Franklin
Templeton Investment Management Limited,
subadvisers.
0.79%
20.35%
15.38%
13.30%
Seeks long-term capital
appreciation.
Putnam VT Sustainable Future Fund
(Class IB Shares)
Putnam Investment Management, LLC,
advisor; Franklin Advisers, Inc. and Franklin
Templeton Investment Management Limited,
subadvisers.
1.05%3
2.66%
1.19%
9.60%
Seeks long-term capital
appreciation.
Putnam VT Sustainable Leaders Fund
(Class IB Shares)
Putnam Investment Management, LLC,
adviser; Franklin Advisers, Inc. and Franklin
Templeton Investment Management Limited,
subadvisers.
0.88%
10.69%
10.34%
14.69%
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)2
Franklin Advisers, Inc.
0.75%3
15.73%
(0.96%)
(0.15%)
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%3
164.43%
20.00%
20.89%
Seeks to provide a high
level of total return that
is consistent with an
aggressive level of risk.
Variable Portfolio - Aggressive Portfolio
(Class 2)5
Columbia Management Investment Advisers,
LLC
1.04%
17.63%
8.13%
9.06%
RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus 21
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Seeks to provide a high
level of total return that
is consistent with a
conservative level of
risk.
Variable Portfolio - Conservative Portfolio
(Class 2)5
Columbia Management Investment Advisers,
LLC
0.89%3
10.21%
1.62%
3.53%
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility.
Variable Portfolio - Managed Risk Fund
(Class 2)1,5
Columbia Management Investment Advisers,
LLC
1.02%3
12.15%
4.73%
-
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility.
Variable Portfolio - Managed Risk U.S. Fund
(Class 2)1,5
Columbia Management Investment Advisers,
LLC
0.99%
9.59%
5.64%
-
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility.
Variable Portfolio - Managed Volatility
Conservative Fund (Class 2)1,5
Columbia Management Investment Advisers,
LLC
0.95%
9.17%
1.15%
3.33%
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility.
Variable Portfolio - Managed Volatility
Conservative Growth Fund (Class 2)1,5
Columbia Management Investment Advisers,
LLC
0.97%
11.02%
2.66%
4.53%
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility.
Variable Portfolio - Managed Volatility Growth
Fund (Class 2)1,5
Columbia Management Investment Advisers,
LLC
1.01%
14.75%
5.83%
6.95%
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility.
Variable Portfolio - Managed Volatility
Moderate Growth Fund (Class 2)1,5
Columbia Management Investment Advisers,
LLC
0.98%
12.87%
4.29%
5.82%
Seeks to provide a high
level of total return that
is consistent with a
moderate level of risk.
Variable Portfolio - Moderate Portfolio
(Class 2)5
Columbia Management Investment Advisers,
LLC
0.96%
13.86%
4.91%
6.42%
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)5
Columbia Management Investment Advisers,
LLC
1.00%
15.71%
6.44%
7.71%
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)5
Columbia Management Investment Advisers,
LLC
0.94%
12.10%
3.18%
4.92%
22 RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
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%
7.28%
(0.23%)
1.99%
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.
0.93%3
13.14%
13.04%
12.63%
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%
24.55%
7.02%
6.12%
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.
1.08%3
17.50%
1.36%
5.01%
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.
1.05%3
34.84%
10.14%
6.97%
Seeks to provide
shareholders with
long-term capital growth.
Variable Portfolio - Partners Small Cap
Growth Fund (Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Goldman Sachs Asset
Management, LP and Segall Bryant & Hamill
LLC, subadvisers.
1.10%3
7.86%
0.94%
7.72%
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.
1.09%3
7.07%
6.60%
7.06%
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)1,5
Columbia Management Investment Advisers,
LLC
0.96%
9.22%
3.53%
-
RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus 23
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility.
Variable Portfolio - U.S. Flexible Growth Fund
(Class 2)1,5
Columbia Management Investment Advisers,
LLC
0.93%
11.07%
7.36%
-
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)1,5
Columbia Management Investment Advisers,
LLC
0.94%
10.10%
5.46%
-
Seeks to maximize total
return.
Western Asset Variable Global High Yield
Bond Portfolio (Class II)
Franklin Templeton Fund Adviser, LLC,
adviser; Western Asset Management
Company, LLC, subadviser.
1.06%
9.95%
2.34%
5.09%
1
This Fund is managed in a way that is intended to minimize volatility of returns. See "Principal Risks of Investing in the Contract."
2
Not available for contracts with applications signed on or after 12/5/2022.
3
This Fund and its investment adviser and/or affiliates have entered into a temporary expense reimbursement arrangement and/or fee waiver. The Fund's annual expenses reflect temporary fee reductions. Please see the Fund's prospectus for additional information.
4
Available for contracts with applications signed on or after 12/5/2022.
5
This Fund is a fund of funds and invests substantially all of its assets in other underlying funds. Because the Fund invests in other funds, it will bear its pro rata portion of the operating expenses of those underlying funds, including management fees.
Funds Available Under the Enhanced Legacy Benefit
For contracts issued with the Enhanced Legacy Benefit, you are required to invest your contract value in the Portfolio Stabilizer and Portfolio Navigator funds listed below:
1. Variable Portfolio - Managed Risk Fund (Class 2)
2. Variable Portfolio - Managed Risk U.S. Fund (Class 2)
3. Variable Portfolio - Managed Volatility Growth Fund (Class 2)
4. Variable Portfolio - Managed Volatility Moderate Growth Fund (Class 2)
5. Variable Portfolio - Managed Volatility Conservative Growth Fund (Class 2)
6. Variable Portfolio - Managed Volatility Conservative Fund (Class 2)
7. Variable Portfolio - U.S. Flexible Growth Fund (Class 2)
8. Variable Portfolio - U.S. Flexible Moderate Growth Fund (Class 2)
9. Variable Portfolio - U.S. Flexible Conservative Growth Fund (Class 2)
The Portfolio Navigator funds* currently available are:
1. Variable Portfolio - Conservative Portfolio (Class 2)
2. Variable Portfolio - Moderate Conservative Portfolio (Class 2)
3. Variable Portfolio - Moderate Portfolio (Class 2)
4. Variable Portfolio - Moderately Aggressive Portfolio (Class 2)
*Available for application dates on or after 10/16/2023.
The following is a list of investment options that earn fixed interest for a specified term currently available under the contract. We may change the features of the fixed interest options listed below and terminate existing options. We will provide you with written notice before doing so. Depending on the optional benefits you choose, you may not be able to invest in certain fixed investment options. See table above "Funds Available Under the Enhanced Legacy Benefit." See "The 'Nonunitized' Separate Account and the Guarantee Period Accounts (GPAs)" and "The Fixed Account" in the prospectus for more information about the fixed interest investment options.
24 RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus
Note: A positive or negative MVA is assessed if any portion of a GPA is surrendered or transferred more than thirty days before the end of its guarantee period. This may result in a significant reduction in your contract value. GPAs are not available for contracts with application signed dates on or after 12/5/2022. See "Charges and Adjustments - Adjustments - Market Value Adjustments" in the prospectus for more information about the MVA. 
Name
Term
Guaranteed
Minimum
Interest Rate
1 Year Guarantee Period Account
1 Year
0%
2 Year Guarantee Period Account
2 Years
0%
3 Year Guarantee Period Account
3 Years
0%
4 Year Guarantee Period Account
4 Years
0%
5 Year Guarantee Period Account
5 Years
0%
6 Year Guarantee Period Account
6 Years
0%
7 Year Guarantee Period Account
7 Years
0%
8 Year Guarantee Period Account
8 Years
0%
9 Year Guarantee Period Account
9 Years
0%
10 Year Guarantee Period Account
10 Years
0%
The following is a list of Fixed Options currently available under the Contract. We may change the features of the Fixed Options listed below or terminate existing Fixed Options. We will provide you with written notice before doing so.
RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus 25
Note: If amounts are withdrawn from a Fixed Option before the end of its term, we will not apply a contract adjustment. 
Name
Term
Contract
Issue
Year
Guaranteed
Minimum
Interest Rate
Special DCA Fixed Account
6 Months
2020
1.00%
2021
1.00%
2022
1.00%
2023
2.95%
2024
3.00%
2025
2.65%
2026
2.40%
Special DCA Fixed Account
1 Year
2020
1.00%
2021
1.00%
2022
1.00%
2023
2.95%
2024
3.00%
2025
2.65%
2026
2.40%
26 RiverSource RAVA 5 Access Variable Annuity - Summary Prospectus
 
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The prospectus and Statement of Additional Information (SAI) include additional information about the Contract. The prospectus and SAI, dated the same date as this summary prospectus, are incorporated by reference. The prospectus and SAI are available, without charge, upon request. For a free copy of the prospectus, SAI, or for more information about the Contract, call us at 1-800-862-7919, visit our website at riversource.com/annuities or write to us at: 70100 Ameriprise Financial Center Minneapolis, MN 55474.
 
RiverSource Life Insurance Company
70100 Ameriprise Financial Center
Minneapolis, MN 55474
1-800-862-7919
USP9104_12_E01_(05/26)
Reports and other information about RiverSource Variable Account 10 and RiverSource Life Insurance Company are available on the SEC's website at http://www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: [email protected].
 
EDGAR Contract Identifier: C000219636; C000266992
©2008-2026 RiverSource Life Insurance Company. All rights reserved.
RiverSource Life Insurance Co. published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 30, 2026 at 19:20 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]