Annuities

Variable annuities are investment vehicles that help you grow your money, take income in retirement, and pass on your wealth. They typically offer optional riders for an additional fee to provide benefits such as income or death benefit guarantees. The guarantees offered by variable annuities do not apply to the performance of the variable subaccounts, which will vary with market conditions. You may also allocate contract value to an account that earns a guaranteed fixed rate of interest, if available.

Be sure to read the prospectus(es) for this product provided by your financial advisor before purchasing.

Fixed annuities offer a fixed rate of return, which is guaranteed by the issuing insurance company. The rate can fluctuate but will not fall below a guaranteed minimum rate.

Fixed index annuities protect your principal from loss and earn interest based upon the performance of an index. The amount you can earn is limited to a cap, spread or participation rate. With a fixed index annuity, you are not invested directly in the index. Optional riders may be available for an additional fee to provide benefits such as income or death benefit guarantees.

A structured annuity is a long-term retirement savings vehicle that provides you with opportunities to grow your money, create income and add a level of protection that can help eliminate some of the risk that comes with investing.

You will be able to invest in indexed accounts based on well-known equity indexes that address many different market outlooks and investing approaches. Your potential for growth will be linked to the performance of the underlying indexes, but you will never be directly invested in the market. While structured annuities provide some protections, you can still lose principal in down markets. Optional riders may be available for an additional fee to provide benefits such as income or death benefit guarantees.

Be sure to read the prospectus(es) for this product provided by your financial advisor before purchasing.

Immediate annuities are purchased with a single lump-sum payment and, in exchange, pay a guaranteed income that starts immediately. An immediate annuity may be suitable for retirees who are concerned about outliving their savings and need income right away. Options include payments over a lifetime, a specific period, or a combination of the two, and may also provide benefits to beneficiaries.

Deferred income annuities provide a guaranteed income similar to an immediate annuity, but payments are typically deferred for two or more years. A deferred income annuity may be suitable for clients who would like a lifetime income in the future. 

Variable annuity costs vary by product, investment and optional features selected. May include fees such as mortality and expense, administrative, distribution, contract, underlying investment, rider and potential surrender charges.

Fixed index annuity costs vary by product and optional features selected. May include fees such as potential surrender charges, market value adjustments, and rider charges. Keep in mind some segments may have a spread. 

Structured annuities vary by product, investments, and optional features selected. May include fees such as potential surrender charges, market value adjustments and rider charges.  Some index accounts may also have a fee.

Immediate and deferred income annuities vary by product and may include fees for commutation option (if available), such as surrender charges and an adjustment for lump sum withdrawals.

Commissions payable to your financial advisor for new annuity contract sales are equivalent among RiverSource and the unaffiliated insurance companies for comparable annuity products. Commissions payable on insurance products vary by manufacturer and product. 

• Variable annuities and structured annuities are insurance products that are complex, long-term investment vehicles subject to market risk, including the potential loss of principal invested. Before you invest, be sure to ask your financial advisor about the variable or structured annuity’s features, benefits, risks and fees, and whether the annuity is appropriate for you, based upon your financial situation, investment time horizon and objectives.
• Fixed annuities and fixed indexed annuities are long-term insurance products. Before you purchase, be sure to ask your financial advisor about the annuity’s features, benefits and fees, and whether the annuity is appropriate for you, based on your financial situation and objectives.
• Some annuity contracts may be subject to a market-value adjustment that could result in gain or loss of principal when taking a withdrawal.
• When you hold an annuity within a tax-deferred retirement plan, such as an IRA, the annuity does not provide any additional tax-deferred benefit. Consult with your financial advisor or tax adviser regarding additional benefits an annuity may offer. If your annuity is an IRA, you should read Your Guide to IRAs.
• Due to the guaranteed income nature of immediate and deferred income annuities, there is limited flexibility after purchase.
• Be sure to consult with your advisor on whether the product is appropriate for you.
• The Ameriprise Financial Institutions Group (AFIG) financial advisor channel, for a period of time, will offer certain insurance and annuity products that will only be available for purchase through an AFIG financial advisor, and not available through other Ameriprise Financial advisor channels. These differences reflect the products historically available and the specific needs of bank clients served in the AFIG channel. Other AFS financial advisors who have clients with a product need beyond the available AFS products may refer their clients to an AFIG financial advisor for a recommendation regarding one of these AFIG products. The client would need to open a separate brokerage account through the AFIG channel and complete any related product paperwork. Any ongoing servicing required for that product would be provided by an AFIG financial advisor.