IPO - RIVERSOURCE LIFE INSURANCE CO

Form Type: S-3

Filing Date: 2025-04-14

Corporate Action: Ipo

Type: New

Accession Number: 000119312525079871

Filing Summary: RiverSource Life Insurance Company has filed a new registration statement (S-3) with the SEC for the proposed sale of securities related to their RiverSource® Fixed Account interests under the Group Variable Annuity Contract. The company plans to commence the sale to the public as soon as practicable after the registration statement becomes effective. The prospectus includes key information regarding the Fixed Account, which allows for allocation of purchase payments and contract values, with guarantees subject to the company's creditworthiness. It discusses risks associated with the investment, including interest rate, liquidity, market value adjustment (MVA), and investment risks. The MVA may impact total withdrawals affecting principal. The prospectus emphasizes the importance of reading all details, including fees, charges, and service center information for customer inquiries and withdrawals. RiverSource Life is a subsidiary of Ameriprise Financial, conducting business since 1957, and is involved in typical legal proceedings as part of normal operations, but the overall positioning remains in support of the financial goals associated with fixed and variable annuity contracts.