RiverSource Life Insurance Co.

09/23/2025 | Press release | Distributed by Public on 09/23/2025 13:47

Updating Summary Prospectus (Form 497VPU)

RiverSource®
Retirement Group Annuity Contract II
GROUP DEFERRED COMBINATION FIXED/VARIABLE ANNUITIES 
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
September 22, 2025
The Prospectus for the RiverSource Retirement Group Annuity Contract II (the Contract), a group 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 Retirement Group Annuity Contract II - Summary Prospectus 1
Contents
 
Key Terms
3
Updated Information You Should Consider About the Contract and Certificate
5
Important Information You Should Consider About the Certificate
6
Appendix A : Investment Options Available Under the Contract and Certificate
9
2 RiverSource Retirement Group Annuity Contract II - Summary Prospectus
Key Terms
These terms can help you understand details about your contract and certificate.
Accumulation unit: A measure of the value of each subaccount prior to the application of amounts to an annuity payment plan.
Annuitant, Joint Annuitant: The participant named in each certificate on whose life or life expectancy the annuity payouts are based. A joint annuitant can be named by the participant on the annuitization start date.
Annuitization start date: The date when annuity payments begin according to the applicable annuity payment plan.
Annuity payouts: An amount paid at regular intervals under one of several plans.
Assumed investment return: The rate of return we assume your investments will earn when we calculate your initial annuity payout amount using the annuity table in your certificate. The standard assumed investment return we use is 5% but you may request we substitute an assumed investment return of 3.5%.
Beneficiary: The person a participant designates to receive benefits in case of participant's death while the certificate is in force.
Certificate: The document issued to each participant under a contract describing the terms of the contract and the rights and benefits available to the participant.
Certificate account: An account established for each participant under the contract to maintain a record of payments, transactions and the value of each participant's investment.
Certificate account value: The total value of a participant's certificate account at any point in time.
Certificate date: The date from which certificate anniversaries, certificate years, and certificate months are determined. It is the effective date of a participant's certificate account.
Certificate year: A period of 12 months, starting on the certificate date and on each anniversary of the certificate date.
Close of business: The time the New York Stock Exchange (NYSE) closes (4 p.m. Eastern time unless the NYSE closes earlier).
Code: The Internal Revenue Code of 1986, as amended.
Contract: The group flexible premium deferred variable annuity contract by and between RiverSource Life and the contract holder. The contract describes the terms of the annuity contract, the rights of the contract holder and the rights and benefits of the participants.
Contract holder (Plan Sponsor, Employer): The employer that owns this contract and has established and sponsors the Plan. The contract holder, as the employer,
accommodates elective deferral contributions and nonelective contributions made by or on behalf of participants.
Contract year: A period of 12 months, starting on the effective date of your contract and on each anniversary of the effective date.
ERISA: Employee Retirement Income Security Act of 1974, as amended, and regulations thereunder.
Fixed Account: Part of our general account which includes the loan account and the Special DCA fixed account. Amounts allocated to this account earn interest at rates that we declare periodically.
Funds: A portfolio of an open-end management investment company that is registered with the Securities and Exchange Commission (the "SEC") in which the Subaccounts invest. May also be referred to as an underlying Fund.
Good order: We cannot process your transaction request relating to the contract until we have received the request in good order at our Service Center. "Good order" means the actual receipt of the requested transaction in writing, along with all information, forms and supporting legal documentation necessary to effect the transaction. To be in "good order," your instructions must be sufficiently clear so that we do not need to exercise any discretion to follow such instructions. This information and documentation generally includes your completed request; the contract number; the transaction amount (in dollars); the names of and allocations to and/or from the subaccounts and the fixed account affected by the requested transaction; Social Security Number or Taxpayer Identification Number; and any other information, forms or supporting documentation that we may require. For certain transactions, at our option, we may require the signature of all contract owners for the request to be in good order. With respect to purchase requests, "good order" also generally includes receipt of sufficient payment by us to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in good order, and we reserve the right to change or waive any good order requirements at any time.
Guarantee Period: The number of successive 12-month periods that a guaranteed interest rate is credited.
Guarantee Period Accounts (GPAs): A nonunitized separate account to which you may allocate purchase payments or transfer certificate account value of at least $1,000. These accounts have guaranteed interest rates for guarantee periods we declare when you allocate purchase payments or transfer certificate account value to a GPA. These guaranteed rates and periods of time may vary by state. Unless an exception applies, transfers or surrenders from a GPA done more than 30 days before the end of the guarantee period will receive a market value adjustment, which may result in a gain or loss.
RiverSource Retirement Group Annuity Contract II - Summary Prospectus 3
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.
Participant (you, your): The person or persons for whom a certificate account is established under the plan as directed by the contract holder.
Plan: The written plan document established by the contract holder which meets the requirements of Section 403(b) of the Code.
Service Center: Our department that processes all transaction and service requests for the contracts. We consider all transaction and service requests received when they arrive in good order at the Service Center. Any transaction or service requests sent or directed to any location other than our Service Center may end up delayed or not processed. Our Service Center address and telephone number are listed on the first page of the prospectus.
Subaccount: A division of the Variable Account, each of which invests in one Fund.
Surrender value: The amount you are entitled to receive if you make a full surrender from your certificate account. It is the certificate account value immediately prior to the surrender, minus any applicable charges and any loan amount, plus any positive or negative market value adjustment.
Valuation date: Any normal business day, Monday through Friday, on which the NYSE is open, up to the time it closes. At the NYSE close, the next valuation date
begins. We calculate the accumulation unit value of each subaccount on each valuation date. If we receive your purchase payment or any transaction request (such as a transfer or surrender request) in good order at our Service Center before the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the valuation date we received your payment or transaction request. On the other hand, if we receive your purchase payment or transaction request in good order at our Service Center at or after the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the next valuation date. If you make a transaction request by telephone (including by fax), you must have completed your transaction by the close of business in order for us to process it using the accumulation unit value we calculate on that valuation date. If you were not able to complete your transaction before the close of business for any reason, including telephone service interruptions or delays due to high call volume, we will process your transaction using the accumulation unit value we calculate on the next valuation date.
Variable Account: Refers to the RiverSource Variable Account 10, a Separate Account established to hold contract owners' assets allocated to the Subaccounts, each of which invests in a particular Fund.
4 RiverSource Retirement Group Annuity Contract II - Summary Prospectus
Updated Information You Should Consider About the Contract and Certificate
The information in this Updating Summary Prospectus is a summary of certain Contract features that have changed since the Prospectus dated May 1, 2024. This may not reflect all of the changes that have occurred since you entered into your Contract.
CONTRACT FEATURES
•
Model portfolios disclosure is added to the "The Variable Account and the Funds - The Funds" section in the prospectus.
UNDERLYING FUNDS
•
On or about April 11, 2025, the Goldman Sachs Multi-Strategy Alternatives Portfolio has been liquidated.
RiverSource Retirement Group Annuity Contract II - Summary Prospectus 5
Important Information You Should Consider About the Certificate 
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.
Fee Table and
Examples
Charges and
Adjustments -
Adjustments -
Market Value
Adjustments
Are There
Transaction
Charges?
No. Other than a certificate administrative charge and negative MVAs, we
do not assess any transaction charges.
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 you choose.
Fee Table and
Examples
Charges and
Adjustments -
Annual Contract
Expenses
Appendix A:
Investment
Options Available
Under the
Contract and
Certificate
Annual Fee
Minimum
Maximum
Base Contract(1)
0.95%
0.95%
Fund options
(Funds fees and expenses)(2)
0.38%
2.44%
(1) As a percentage of average daily certificate value in the variable
account. Includes the Mortality and Expense Fee and contract
administrative charge.
(2) As a percentage of Fund net assets.
Because your Certificate is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your
Certificate, 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 Certificate, which could add negative
MVAs that substantially increase costs.
Lowest Annual Cost:
$1,225
Highest Annual Cost:
$2,890
Assumes:
•Investment of $100,000
•5% annual appreciation
•Least expensive combination of
Fund fees and expenses
•No sales charge
•No additional purchase payments,
transfers or withdrawals
Assumes:
•Investment of $100,000
•5% annual appreciation
•Most expensive combination of
Fund fees and expenses
•No sales charge
•No additional purchase payments,
transfers or withdrawals
6 RiverSource Retirement Group Annuity Contract II - Summary Prospectus
RISKS
Location in
Statutory
Prospectus
Is There a Risk of
Loss from Poor
Performance?
Yes. You can lose money by investing in this Certificate including loss of
principal.
Principal Risks of
Investing in the
Contract and
Certificate
Is This a
Short-Term
Investment?
No.
•The Certificate 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 certificate value
from the current GPA to any of the investment options available under
the Certificate, apply the certificate 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 certificate value from the current GPA into the shortest GPA
term available.
•The benefits of tax deferral and long-term income mean the Certificate is
generally more beneficial to investors with a long term investment
horizon.
Principal Risks of
Investing in the
Contract and
Certificate
Charges and
Adjustments -
Adjustments -
Market Value
Adjustments
What Are the
Risks Associated
With the
Investment
Options?
•An investment in the Certificate is subject to the risk of poor investment
performance and can vary depending on the performance of the
investment options available under the Certificate.
•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 and
Certificate
The Variable
Account and the
Funds
The "Nonunitized"
Separate Account
and the Guarantee
Period Accounts
(GPAs)
The Fixed Account
What Are the
Risks Related to
the Insurance
Company?
An investment in the Certificate is subject to the risks related to us. Any
obligations (including under the Fixed Account) or guarantees and benefits
of the Certificate 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 and
Certificate
The General
Account
RiverSource Retirement Group Annuity Contract II - Summary Prospectus 7
RESTRICTIONS
Location in
Statutory
Prospectus
Are There
Restrictions on
the Investment
Options?
Yes. Subject to certain restrictions, you may transfer your certificate
account 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.
•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
Certificate-
Transferring
Among Accounts
Substitution of
Investments
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
Certificate.
•If you purchase the Certificate 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
Certificate 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
8 RiverSource Retirement Group Annuity Contract II - Summary Prospectus
Appendix A: Investment Options Available Under the Contract and Certificate
The following is a list of funds available under the contract and certificate. 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].
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 12/31/2024)
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
10.43%
3.15%
3.82%
Seeks long-term growth
of capital.
AB VPS Large Cap Growth Portfolio (Class B)
AllianceBernstein L.P.
0.90%
24.95%
15.87%
15.67%
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
15.05%
11.72%
10.78%
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%
18.70%
6.60%
8.65%
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
40.60%
14.15%
5.07%
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
9.01%
5.74%
5.33%
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
1.00%
14.30%
4.79%
9.15%
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
0.88%
14.43%
4.92%
9.28%
RiverSource Retirement Group Annuity Contract II - Summary Prospectus 9
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2024)
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
1.00%2
7.09%
5.69%
8.94%
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
23.09%
9.62%
14.78%
Seeks to provide
shareholders with high
total return through
income and growth of
capital.
Columbia Variable Portfolio - Corporate Bond
Fund (Class 2) (previously Columbia Variable
Portfolio - Global Strategic Income Fund
(Class 2))
Columbia Management Investment Advisers,
LLC
0.72%2
3.30%
(0.78%)
0.63%
Seeks to provide
shareholders with
capital appreciation.
Columbia Variable Portfolio - Disciplined
Core Fund (Class 2)
Columbia Management Investment Advisers,
LLC
0.92%
25.74%
8.14%
13.77%
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
0.98%2
15.12%
5.97%
8.62%
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
6.13%
(0.70%)
0.46%
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
5.45%
(8.32%)
(1.01%)
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
4.71%
3.42%
2.09%
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
6.88%
2.18%
3.51%
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%2
5.71%
1.86%
3.07%
10 RiverSource Retirement Group Annuity Contract II - Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2024)
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
0.77%
1.73%
(3.72%)
(0.06%)
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%
31.01%
8.59%
17.18%
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%
24.40%
8.39%
13.94%
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%
24.54%
8.52%
14.07%
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
4.64%
1.48%
1.81%
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%2
(4.39%)
(9.65%)
(3.58%)
Seeks to provide
shareholders with
capital appreciation.
Columbia Variable Portfolio - Overseas Core
Fund (Class 2)
Columbia Management Investment Advisers,
LLC
1.04%
3.16%
0.41%
3.87%
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%
12.58%
5.04%
9.29%
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
23.37%
2.06%
10.80%
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
12.27%
3.73%
9.58%
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
13.66%
2.95%
9.19%
RiverSource Retirement Group Annuity Contract II - Summary Prospectus 11
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2024)
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
4.51%
0.33%
1.82%
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%
1.33%
(2.91%)
(1.06%)
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%
1.53%
(3.33%)
(0.39%)
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
(1.20%)
(5.46%)
(0.78%)
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.
1.07%
9.86%
(1.90%)
4.79%
Seeks to provide
shareholders with
long-term capital growth.
CTIVP® - Principal Blue Chip Growth Fund
(Class 2) (on or about June 1, 2025 to be
known as CTIVP® - Principal Large Cap
Growth Fund (Class 2))
Columbia Management Investment Advisers,
LLC, adviser; Principal Global Investors, LLC,
subadviser.
0.94%
21.12%
6.58%
13.51%
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%
11.68%
4.99%
8.18%
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%
0.51%
(3.13%)
(0.53%)
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%
9.62%
5.26%
10.59%
12 RiverSource Retirement Group Annuity Contract II - Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2024)
1 Year
5 Year
10 Year
Seeks to provide
shareholders with
long-term capital growth.
CTIVP® - Wellington Large Cap Value Fund
(Class 2) (previously CTIVP® - MFS® Value
Fund (Class 2))
Columbia Management Investment Advisers,
LLC, adviser; Wellington Management
Company LLP, subadviser.
0.87%2
11.44%
3.99%
7.77%
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
17.19%
2.87%
10.02%
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%
27.15%
(0.79%)
10.38%
Seeks capital
appreciation.
DWS Alternative Asset Allocation VIP,
Class B3
DWS Investment Management Americas
Inc., adviser; RREEF America L.L.C.,
subadvisor.
1.26%
5.30%
3.97%
2.83%
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%
33.45%
16.74%
13.33%
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%
17.18%
11.06%
8.94%
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.
0.89%
5.78%
2.54%
3.34%
RiverSource Retirement Group Annuity Contract II - Summary Prospectus 13
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2024)
1 Year
5 Year
10 Year
Seeks to maximize
income while
maintaining prospects
for capital appreciation.
Under normal market
conditions, the fund
invests in a diversified
portfolio of equity and
debt securities.
Franklin Income VIP Fund - Class 2
Franklin Advisers, Inc.
0.72%2
7.20%
5.29%
5.27%
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
0.94%
11.27%
5.75%
5.83%
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
0.90%2
11.71%
8.36%
8.17%
Seeks total return with a
low to moderate
correlation to traditional
financial market indices.
Invesco V.I. Balanced-Risk Allocation Fund,
Series II Shares1
Invesco Advisers, Inc.
1.06%2
3.56%
2.51%
3.57%
Seeks capital
appreciation.
Invesco V.I. Global Fund, Series II Shares
Invesco Advisers, Inc.
1.06%
15.78%
9.21%
9.58%
Seeks total return
Invesco V.I. Global Strategic Income Fund,
Series II Shares
Invesco Advisers, Inc.
1.18%2
3.02%
(0.43%)
1.28%
Seeks capital
appreciation.
Invesco V.I. Main Street Small Cap Fund®,
Series II Shares
Invesco Advisers, Inc.
1.11%
12.41%
10.21%
8.73%
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%
15.15%
8.06%
8.40%
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
1.63%
0.09%
1.35%
14 RiverSource Retirement Group Annuity Contract II - Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2024)
1 Year
5 Year
10 Year
Non-diversified fund that
pursues its investment
objective by investing
primarily in common
stocks selected for their
growth potential.
Janus Henderson Research Portfolio:
Service Shares
Janus Henderson Investors US LLC
0.92%
34.96%
16.49%
14.25%
Seeks total return.
Lazard Retirement Global Dynamic
Multi-Asset Portfolio - Service Shares1
Lazard Asset Management, LLC
1.05%2
8.60%
2.33%
4.35%
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
9.29%
8.41%
8.01%
Seeks to provide total
return.
Macquarie VIP Asset Strategy Series -
Service Class
Delaware Management Company
0.85%2
12.44%
6.56%
5.27%
Seeks total return.
MFS® Utilities Series - Service Class
Massachusetts Financial Services Company
1.04%2
11.34%
5.61%
6.02%
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
41.73%
11.11%
12.02%
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
1.15%
25.52%
13.68%
11.18%
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)
2.37%2
3.57%
4.31%
4.25%
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)
1.28%2
10.75%
6.03%
5.75%
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)
0.89%
2.43%
(0.13%)
1.43%
RiverSource Retirement Group Annuity Contract II - Summary Prospectus 15
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2024)
1 Year
5 Year
10 Year
Seeks high current
income, consistent with
preservation of capital,
with capital appreciation
as a secondary
consideration. Under
normal market
conditions, the fund
invests at least 80% of
its net assets in debt
securities of any
maturity.
Templeton Global Bond VIP Fund - Class 2
Franklin Advisers, Inc.
0.75%2
(11.37%)
(4.85%)
(2.03%)
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
14.41%
5.46%
6.69%
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
1.04%
13.20%
2.78%
7.64%
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
0.87%2
4.42%
(1.47%)
1.46%
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
9.41%
0.49%
3.90%
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
0.99%
11.70%
1.93%
5.68%
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%
4.31%
(1.86%)
0.96%
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%
6.80%
(0.87%)
2.32%
16 RiverSource Retirement Group Annuity Contract II - Summary Prospectus
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2024)
1 Year
5 Year
10 Year
Pursues total return
while seeking to
manage the Fund's
exposure to equity
market volatility.
Variable Portfolio - Managed Volatility Growth
Fund (Class 2)1,3
Columbia Management Investment Advisers,
LLC
1.01%
11.98%
1.11%
5.18%
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
0.98%
9.41%
0.18%
3.82%
Seeks to provide a high
level of total return that
is consistent with a
moderate level of risk.
Variable Portfolio - Moderate Portfolio
(Class 2)3
Columbia Management Investment Advisers,
LLC
0.97%
8.72%
0.80%
4.73%
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%
11.00%
1.68%
6.13%
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%
6.41%
(0.45%)
2.98%
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%
2.01%
(2.22%)
(0.10%)
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%
23.10%
8.09%
13.75%
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.
1.07%
5.58%
(0.14%)
4.57%
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.
1.06%2
(1.41%)
(6.20%)
2.17%
RiverSource Retirement Group Annuity Contract II - Summary Prospectus 17
Investment Objective
Fund and
Adviser/Sub-Adviser
Current
Expenses
Ratio
[NET]
Average Annual Total Returns
(as of 12/31/2024)
1 Year
5 Year
10 Year
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%2
4.30%
2.49%
2.87%
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
18.70%
(3.47%)
6.11%
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%2
7.70%
1.28%
5.98%
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
0.95%
9.41%
0.44%
2.89%
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%
17.15%
3.60%
6.12%
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
0.93%
13.19%
2.05%
4.57%
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%
6.70%
1.81%
3.45%
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
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.
3
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.
18 RiverSource Retirement Group Annuity Contract II - Summary Prospectus
The following is a list of investment options that earn fixed interest for a specified term currently available under the contract and certificate. 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 "The 'Nonunitized' Separate Account and the Guarantee Period Accounts (GPAs)" and "The Fixed Account" in the prospectus for more information about the fixed interest investment options.
Note: A positive or negative MVA is assessed if any portion of a GPA is surrendered or transferred more than thirty days before the end of its guarantee period. This may result in a significant reduction in your certificate value. See "Charges and Adjustments - Adjustments - Market Value Adjustments" in the prospectus for more information about the MVA. 
Name
Term
Minimum
Guaranteed
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.
Note: If amounts are withdrawn from a Fixed Option before the end of its term, we will not apply a contract adjustment. 
Name
Term
Certificate
Issue
Year
Minimum
Guaranteed
Interest Rate
Loan Account
1 Year
2012
1.00%
2013
1.00%
2014
1.00%
2015
1.00%
2016
1.00%
2017
1.00%
2018
1.00%
2019
1.75%
2020
1.00%
2021
1.00%
2022
1.00%
2023
2.95%
2024
3.00%
2025
2.65%
RiverSource Retirement Group Annuity Contract II - Summary Prospectus 19
Name
Term
Certificate
Issue
Year
Minimum
Guaranteed
Interest Rate
Special DCA Fixed Account
6 Months
2012
1.00%
2013
1.00%
2014
1.00%
2015
1.00%
2016
1.00%
2017
1.00%
2018
1.00%
2019
1.75%
2020
1.00%
2021
1.00%
2022
1.00%
2023
2.95%
2024
3.00%
2025
2.65%
Special DCA Fixed Account
1 Year
2012
1.00%
2013
1.00%
2014
1.00%
2015
1.00%
2016
1.00%
2017
1.00%
2018
1.00%
2019
1.75%
2020
1.00%
2021
1.00%
2022
1.00%
2023
2.95%
2024
3.00%
2025
2.65%
20 RiverSource Retirement Group Annuity Contract II - 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
USP9023_12_D02_(09/25)
Reports and other information about RiverSource Variable Account 10 and RiverSource Life Insurance Company are available on the SEC's website at http://www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: [email protected].
 
EDGAR Contract Identifier: C000109015;
C000266993
©2008-2025 RiverSource Life Insurance Company. All rights reserved.
RiverSource Life Insurance Co. published this content on September 23, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 23, 2025 at 19:47 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]