Privileged Asset Annuity
RiverSource® Privileged Assets, a fixed annuity issued by RiverSource Life Insurance Company, is a smart retirement option if you're looking for attractive interest rates, guaranteed safety of your principal and earnings and reliable income when you retire. Plus, apply now to earn a special first-year interest rate of 7%.
All guarantees are based on the continued claims-paying ability of the issuing company
Key advantages of Privileged Assets Annuity
- Special first year introductory interest rate of 7% (3% base rate, plus 4% additional interest for the first year) – This introductory rate will be guaranteed for one year if you apply now. Even in the worst economic conditions, your interest rate will never drop below 3%.
- Tax-deferred growth – Unlike many investments, you pay no taxes on any RiverSource® Privileged Assets earnings until you start taking withdrawals. Instead, your earnings are reinvested in your annuity each year, compounding the rate at which it grows.
- Guaranteed principal and earnings – Your principal and earnings are fully guaranteed by RiverSource Life Insurance Company, an Ameriprise Financial company.
- Easy automatic purchase payments – For your convenience, you can have your purchase payments deducted automatically from your checking account. You can also make lump sum contributions and roll over assets from another annuity.
Learn More About the RiverSource® Privileged Assets Annuity
If you have questions about the RiverSource Privileged Assets Annuity, please call (800) 549-5602.
Annuities are available on a state-by-state basis. This is not to be considered a solicitation in states where annuity contracts are not available.
Privileged Assets Annuity is issued by RiverSource Life Insurance Company, part of Ameriprise Financial, Inc.
Withdrawals that do not qualify for a waiver may be subject to a withdrawal charge. Withdrawals are subject to income taxes and withdrawals before 59-½ may incur an IRS 10% early withdrawal penalty.
Most annuities have a tax-deferred feature, as do many retirement plans under the Internal Revenue Code. As a result, when you use an annuity to fund a retirement plan that is tax-deferred, your annuity will not provide any necessary or additional tax deferral for that retirement plan. But annuities do have features other than tax deferral that may help you reach your retirement goals. You should consult your tax advisor for an explanation of the tax implications to you prior to making a purchase.
Fixed annuities are long-term insurance products. Before you purchase, be sure to ask your financial professional about the annuity's features, benefits, and fees, and whether the annuity is appropriate for you, based on your financial situation and objectives.
Insurance and annuity products are issued by RiverSource Life
Insurance Company.
Contract numbers 33361, 33362 (12/08)