Beacon Data Entry
Maximum Anniversary Value Death Benefit
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MA
● Active

Maximum Anniversary Value Death Benefit

RiverSource Life Insurance Company
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DTCC ID —
COMPANY RiverSource Life Insurance Company
TYPE RILA
INCEPTION Dec 29, 2023
Identity
Benefit name
Maximum Anniversary Value Death Benefit
Internal benefit name
Maximum Anniversary Value Death Benefit
Company
RiverSource Life Insurance Company
Product policy type
RILA
Status
● Active
Sequence
2
Inception date
Dec 29, 2023
Closed date
—
DTCC Rider ID
—
Last modified
May 08, 2025
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
—
Partial withdrawals
Withdrawals will reduce benefit base in proportion to the contract value.
Required min distributions
RMDs will reduce the benefit base proportionally.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving Spouse may continue to elect the contract.
State Availability
Exception flag
No
Available in states
—
Benefit Description

Accessible during the accumulation phase, upon the owner's demise, the benefit value will be determined as the highest of: 1) the contract value (adjusted for any rider charges), 2) the ROPP value, 3) the full surrender value, or 4) the maximum anniversary value (MAV). MAV is equivalent to the ROPP value before the first contract anniversary, and MAV reset is possible before the owner's 91st birthday. Furthermore, if the contract value increases the MAV, the MAV will be reset to the contract value. Also, If all owners are age 80 or younger, the MAV resets on the ownership change date to the lesser of the post-charge Contract Value or the current MAV. If any owner is 81 or older, the MAV death benefit ends and the Standard Death Benefit applies. This benefit comes up with an additional fee, calculated as the greater of MAV or contract value if the owner is 90 or younger, but based solely on the contract value if the owner is 90 or older.

Lifecycle Events
Cancellation
May not be cancelled.
Termination
Benefit will terminate upon the earliest of 1)Annuitization, 2) upon owner change new owner is age 80 or younger 3) if spouse is age 80 or younger, 4) upon payment of death benefit, 5) termination of contract.
Available when added
At the time of Contract Issue.
Effect change ownership
If all owners are age 80 or younger, the MAV resets on the ownership change date to the lesser of the post-charge Contract Value or the current MAV. If any owner is 81 or older, the MAV death benefit ends and the Standard Death Benefit applies.