04/26/2024 | Press release | Distributed by Public on 04/26/2024 15:19
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
|
Key Terms
|
3
|
Important Information You Should Consider About the Certificate
|
5
|
Overview of the Contract and Certificate
|
7
|
Benefits Available Under the Contract and Certificate
|
9
|
Buying the Contract
|
11
|
Making Withdrawals: Accessing the Money in Your Certificate Account
|
12
|
Additional Information About Fees
|
13
|
Appendix A : Funds Available Under the Contract and Certificate
|
15
|
FEES AND EXPENSES
|
Location in
Statutory
Prospectus
|
|
Charges for early
Withdrawals
|
We do not assess charges for withdrawals.
|
|
Transaction
Charges
|
We do not assess any transaction charges.
|
|
Ongoing Fees and
Expenses (annual
charges)
|
The table below describes the current fees and expenses that you may pay
each year.
|
Fee Table and
Examples
Expenses -
Product Charges
Appendix A:Funds
Available Under
the Contract and
Certificate
|
Annual Fee
|
Minimum
|
Maximum
|
Base Contract(1)
|
0.60%
|
0.60%
|
Fund options
(Funds fees and expenses)(2)
|
0.38%
|
2.38%
|
(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.
|
||
Lowest Annual Cost:
$917
|
Highest Annual Cost:
$2,590
|
|
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
|
|
RISKS
|
||
Risk of Loss
|
You can lose money by investing in this Certificate including loss of
principal.
|
Principal Risks
|
Not a Short-Term
Investment
|
•The Certificate is not a short-term investment and is not appropriate for
an investor who needs ready access to cash.
•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
|
Risks Associated
with 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 any fixed account investment
options) has its own unique risks.
•You should review the investment options before making any investment
decisions.
|
Principal Risks
The Variable
Account and the
Funds: The
Guarantee Period
Accounts (GPAs)
The Fixed Account
|
RISKS
|
Location in
Statutory
Prospectus
|
|
Insurance
Company Risks
|
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
The General
Account
|
RESTRICTIONS
|
||
Investments
|
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
|
||
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
|
||
Investment
Professional
Compensation
|
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
|
Name of Benefit
|
Purpose
|
Maximum Fee
|
Current Fee
|
Brief Description of
Restrictions/ Limitations
|
Standard Benefits
|
||||
Dollar Cost
Averaging
|
Allows the systematic transfer
of a specified dollar amount
among the subaccounts
|
N/A
|
N/A
|
•Transfers not available to or
from the GPAs or the Special
DCA fixed account
|
Special Dollar
Cost Averaging
(SDCA)
|
Allows the systematic transfer
from the Special DCA fixed
account to one or more
eligible subaccounts
|
N/A
|
N/A
|
•Must be funded with a
purchase payment, not
transferred certificate
account value
•Only 6-month and 12-month
options may be available
•Transfers occur on a
monthly basis and the first
monthly transfer occurs one
day after we receive your
purchase payment
•You may not use the GPA
account or the Special DCA
fixed account as a
destination for the Special
DCA monthly transfer.
|
Asset
Rebalancing
|
Allows you to have your
investments periodically
rebalanced among the
subaccounts to your
pre-selected percentages
|
N/A
|
N/A
|
•You must have $2,000 in
Certificate account value to
participate.
•We require 30 days notice
for you to change or cancel
the program
•You can request rebalancing
to be done either quarterly,
semiannually or annually
|
Automated
Partial
Surrenders/
Systematic
Withdrawals
|
Allows automated partial
surrenders from the contract
|
N/A
|
N/A
|
•Additional systematic
payments are not allowed
with automated partial
surrenders
•May result in income taxes
and IRS penalty on all or a
portion of the amounts
surrendered
|
Standard Death
Benefit
(available for
certificate
owners age 79
and younger)
|
Provides a guaranteed death
benefit equal to the greater of
the certificate account value,
minus any loan balance, or the
Return of Purchase Payment
Value (ROPP), minus any loan
balance
|
0.60% of
average daily
certificate
value in the
variable
account value
|
0.60%
|
•Withdrawals will
proportionately reduce the
benefit, which means your
benefit could be reduced by
more than the dollar amount
of your withdrawals, and
such reductions could be
significant
•Annuitizing the Certificate
terminates the benefit.
|
Name of Benefit
|
Purpose
|
Maximum Fee
|
Current Fee
|
Brief Description of
Restrictions/ Limitations
|
Standard Death
Benefit
(available for
certificate
owners age 80
and younger)
|
Provides a guaranteed death
benefit equal to the certificate
account value, minus any loan
balance
|
0.60% of
average daily
certificate
value in the
variable
account value
|
0.60%
|
•Annuitizing the Certificate
terminates the benefit.
|
Minimum initial purchase payments*:
|
$2,000
|
Minimum additional purchase payments*:
|
|
If paying by installments under a group bill:
|
$25.00
|
If paying by any other method:
|
$50.00
|
For the first year and total:
through age 85
|
$1,000,000
|
for ages 86 to 90
|
$100,000
|
age 91 or older
|
$0
|
For each subsequent year:
through age 85
|
$100,000
|
for ages 86 to 90
|
$50,000
|
age 91 or older
|
$0
|
Annual certificate administrative charge
|
Maximum: $50
|
Current: $0
|
Annual certificate administrative charge if your certificate account value equals or exceeds $50,000
|
Maximum: $20
|
Current: $0
|
Certificate administrative charge at full surrender
|
Maximum: $50
|
Current: $0
|
Mortality and expense risk fee
|
0.60
%
|
Total Annual Fund Expenses
|
Minimum(%)
|
Maximum(%)
|
(expenses deducted from the Fund assets, including management fees, distribution and/or service
(12b-1) fees and other expenses)
|
0.38
|
2.38
|
If you surrender your certificate account
at the end of the applicable time period:
|
If you do not surrender your certificate account
or if you select an annuity payout plan
at the end of the applicable time period:
|
||||||
1 year
|
3 years
|
5 years
|
10 years
|
1 year
|
3 years
|
5 years
|
10 years
|
$3,105
|
$9,488
|
$16,113
|
$33,790
|
$3,105
|
$9,488
|
$16,113
|
$33,790
|
If you surrender your certificate account
at the end of the applicable time period:
|
If you do not surrender your certificate account
or if you select an annuity payout plan
at the end of the applicable time period:
|
||||||
1 year
|
3 years
|
5 years
|
10 years
|
1 year
|
3 years
|
5 years
|
10 years
|
$1,005
|
$3,136
|
$5,440
|
$12,058
|
$1,005
|
$3,136
|
$5,440
|
$12,058
|
Investment Objective
|
Fund and
Adviser/Sub-Adviser
|
Current
Expenses
Ratio
[NET]
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
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
|
13.48%
|
4.03%
|
3.22%
|
Seeks long-term growth
of capital.
|
AB VPS Large Cap Growth Portfolio (Class B)
AllianceBernstein L.P.
|
0.91%2
|
34.78%
|
17.56%
|
14.60%
|
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
|
26.50%
|
14.74%
|
10.32%
|
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%
|
4.11%
|
7.68%
|
6.60%
|
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
|
13.91%
|
10.67%
|
2.70%
|
Seeks high total
investment return.
|
BlackRock Global Allocation V.I. Fund
(Class III)
BlackRock Advisors, LLC, adviser; BlackRock
(Singapore) Limited and BlackRock
International Limited, sub-advisers.
|
1.02%2
|
12.49%
|
7.39%
|
4.63%
|
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
|
1.01%
|
21.10%
|
10.71%
|
7.83%
|
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
|
0.89%
|
21.23%
|
10.83%
|
7.94%
|
Investment Objective
|
Fund and
Adviser/Sub-Adviser
|
Current
Expenses
Ratio
[NET]
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
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
|
1.01%2
|
(7.14%)
|
9.08%
|
(0.97%)
|
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
|
31.88%
|
16.54%
|
11.54%
|
Seeks to provide
shareholders with
capital appreciation.
|
Columbia Variable Portfolio - Disciplined
Core Fund (Class 2)
Columbia Management Investment Advisers,
LLC
|
0.93%
|
24.08%
|
13.54%
|
10.89%
|
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
|
0.99%2
|
4.84%
|
10.20%
|
7.74%
|
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
|
10.02%
|
1.57%
|
2.20%
|
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
|
9.19%
|
3.40%
|
2.38%
|
Seeks to provide
shareholders with high
total return through
income and growth of
capital.
|
Columbia Variable Portfolio - Global Strategic
Income Fund (Class 2)
Columbia Management Investment Advisers,
LLC
|
0.84%2
|
9.47%
|
2.05%
|
0.28%
|
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
|
4.48%
|
1.49%
|
0.89%
|
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
|
11.87%
|
5.31%
|
4.17%
|
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
|
11.36%
|
5.02%
|
4.00%
|
Investment Objective
|
Fund and
Adviser/Sub-Adviser
|
Current
Expenses
Ratio
[NET]
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
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
|
0.76%
|
5.96%
|
1.34%
|
1.99%
|
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%
|
42.77%
|
17.98%
|
13.37%
|
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%
|
25.65%
|
15.08%
|
11.42%
|
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%
|
25.82%
|
15.23%
|
11.56%
|
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
|
6.66%
|
2.36%
|
1.65%
|
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
|
0.74%2
|
6.68%
|
0.81%
|
1.67%
|
Seeks to provide
shareholders with
capital appreciation.
|
Columbia Variable Portfolio - Overseas Core
Fund (Class 2)
Columbia Management Investment Advisers,
LLC
|
1.04%
|
15.32%
|
7.96%
|
3.37%
|
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
|
0.95%
|
5.11%
|
11.86%
|
8.85%
|
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
|
24.92%
|
12.79%
|
9.38%
|
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
|
10.05%
|
13.05%
|
8.16%
|
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
|
12.85%
|
9.91%
|
6.18%
|
Investment Objective
|
Fund and
Adviser/Sub-Adviser
|
Current
Expenses
Ratio
[NET]
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
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
|
9.20%
|
2.91%
|
2.99%
|
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%
|
5.43%
|
(0.07%)
|
1.33%
|
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%
|
5.33%
|
1.11%
|
1.77%
|
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
|
3.89%
|
0.93%
|
2.11%
|
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.
|
1.06%
|
13.56%
|
7.73%
|
5.46%
|
Seeks to provide
shareholders with
long-term capital growth.
|
CTIVP® - MFS® Value Fund (Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Massachusetts Financial
Services Company, subadviser.
|
0.87%2
|
7.77%
|
11.06%
|
8.24%
|
Seeks to provide
shareholders with
long-term capital growth.
|
CTIVP® - Principal Blue Chip Growth Fund
(Class 2)
Columbia Management Investment Advisers,
LLC, adviser; Principal Global Investors, LLC,
subadviser.
|
0.95%
|
39.20%
|
15.38%
|
13.20%
|
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%
|
9.28%
|
10.86%
|
7.23%
|
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%
|
5.54%
|
1.02%
|
1.50%
|
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%
|
9.67%
|
14.04%
|
10.44%
|
Investment Objective
|
Fund and
Adviser/Sub-Adviser
|
Current
Expenses
Ratio
[NET]
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
1 Year
|
5 Year
|
10 Year
|
|||
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
|
25.17%
|
14.29%
|
9.69%
|
Seeks to provide
shareholders with
long-term capital growth.
|
CTIVP® - Westfield Select Large Cap Growth
Fund (Class 2) (previously CTIVP® - Morgan
Stanley Advantage Fund (Class 2))
Columbia Management Investment Advisers,
LLC, adviser; Westfield Capital Management
Company, L.P., subadviser.
|
0.95%2
|
30.62%
|
10.33%
|
10.05%
|
Seeks capital
appreciation.
|
DWS Alternative Asset Allocation VIP,
Class B3
DWS Investment Management Americas
Inc., adviser; RREEF America L.L.C.,
subadvisor.
|
1.21%
|
5.67%
|
5.70%
|
2.63%
|
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%
|
33.12%
|
16.36%
|
11.33%
|
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%
|
14.80%
|
12.17%
|
7.85%
|
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.
|
0.90%
|
9.18%
|
3.47%
|
3.10%
|
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.
|
0.71%2
|
8.62%
|
6.98%
|
5.01%
|
Investment Objective
|
Fund and
Adviser/Sub-Adviser
|
Current
Expenses
Ratio
[NET]
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
1 Year
|
5 Year
|
10 Year
|
|||
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
|
0.93%
|
13.46%
|
7.81%
|
5.43%
|
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
|
0.91%2
|
12.75%
|
11.06%
|
7.04%
|
Seeks long-term growth
of capital.
|
Goldman Sachs VIT Multi-Strategy
Alternatives Portfolio - Advisor Shares3
Goldman Sachs Asset Management, L.P.
|
1.36%2
|
7.53%
|
4.00%
|
-
|
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.
|
1.13%2
|
6.40%
|
4.66%
|
3.79%
|
Seeks capital
appreciation.
|
Invesco V.I. Global Fund, Series II Shares
Invesco Advisers, Inc.
|
1.07%
|
34.45%
|
12.02%
|
8.21%
|
Seeks total return
|
Invesco V.I. Global Strategic Income Fund,
Series II Shares
Invesco Advisers, Inc.
|
1.17%2
|
8.60%
|
1.04%
|
1.25%
|
Seeks capital
appreciation.
|
Invesco V.I. Main Street Small Cap Fund®,
Series II Shares
Invesco Advisers, Inc.
|
1.13%
|
17.82%
|
12.79%
|
8.66%
|
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%
|
15.13%
|
9.37%
|
7.73%
|
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
|
5.29%
|
1.55%
|
1.66%
|
Seeks long-term growth
of capital.
|
Janus Henderson Research Portfolio:
Service Shares
Janus Henderson Investors US LLC
|
0.82%
|
42.81%
|
16.54%
|
12.21%
|
Seeks total return.
|
Lazard Retirement Global Dynamic
Multi-Asset Portfolio - Service Shares1
Lazard Asset Management, LLC
|
1.05%2
|
10.81%
|
4.00%
|
3.77%
|
Investment Objective
|
Fund and
Adviser/Sub-Adviser
|
Current
Expenses
Ratio
[NET]
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
1 Year
|
5 Year
|
10 Year
|
|||
Seeks long-term capital
growth. Income is a
secondary objective.
|
LVIP American Century Value Fund, Service
Class
Lincoln Financial Investments Corporation,
investment adviser; American Century
Investment Management, Inc., investment
sub-adviser.
|
0.86%2
|
9.02%
|
11.71%
|
8.36%
|
Seeks to provide total
return.
|
Macquarie VIP Asset Strategy Series -
Service Class (previously Delaware Ivy VIP
Asset Strategy, Class II)
Ivy Investment Management Company
|
0.85%2
|
13.90%
|
8.27%
|
3.48%
|
Seeks total return.
|
MFS® Utilities Series - Service Class
Massachusetts Financial Services Company
|
1.04%2
|
(2.33%)
|
8.05%
|
6.13%
|
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
|
44.13%
|
10.83%
|
8.38%
|
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
|
1.16%
|
26.57%
|
13.69%
|
9.74%
|
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)
|
2.29%2
|
8.02%
|
5.90%
|
3.93%
|
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)
|
1.34%2
|
12.85%
|
7.20%
|
5.14%
|
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)
|
0.85%
|
5.83%
|
0.98%
|
1.60%
|
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
|
2.88%
|
(2.13%)
|
(0.66%)
|
Investment Objective
|
Fund and
Adviser/Sub-Adviser
|
Current
Expenses
Ratio
[NET]
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
1 Year
|
5 Year
|
10 Year
|
|||
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
|
10.41%
|
9.61%
|
4.61%
|
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
|
1.05%
|
17.22%
|
9.19%
|
6.47%
|
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
|
0.88%2
|
8.46%
|
2.66%
|
2.50%
|
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
|
12.26%
|
5.14%
|
-
|
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
|
1.00%
|
14.54%
|
6.90%
|
-
|
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%
|
7.87%
|
2.39%
|
2.33%
|
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%
|
9.98%
|
3.66%
|
3.05%
|
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
|
1.02%
|
14.59%
|
6.34%
|
4.44%
|
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
|
0.99%
|
12.27%
|
5.07%
|
3.84%
|
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%
|
12.96%
|
6.12%
|
4.63%
|
Investment Objective
|
Fund and
Adviser/Sub-Adviser
|
Current
Expenses
Ratio
[NET]
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
1 Year
|
5 Year
|
10 Year
|
|||
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%
|
14.93%
|
7.56%
|
5.50%
|
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%
|
10.50%
|
4.32%
|
3.54%
|
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%
|
6.06%
|
1.12%
|
1.64%
|
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.
|
0.94%
|
24.43%
|
14.32%
|
10.19%
|
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.
|
1.08%
|
17.34%
|
7.00%
|
2.45%
|
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.
|
1.10%2
|
14.45%
|
7.37%
|
3.20%
|
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.
|
1.10%
|
16.96%
|
4.57%
|
1.75%
|
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
|
6.93%
|
6.51%
|
4.47%
|
Investment Objective
|
Fund and
Adviser/Sub-Adviser
|
Current
Expenses
Ratio
[NET]
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
1 Year
|
5 Year
|
10 Year
|
|||
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.
|
1.06%2
|
11.08%
|
8.21%
|
4.70%
|
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
|
0.96%
|
11.22%
|
3.90%
|
-
|
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%
|
16.80%
|
6.67%
|
-
|
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
|
0.94%
|
13.87%
|
5.37%
|
-
|
Seeks to maximize total
return.
|
Western Asset Variable Global High Yield
Bond Portfolio - Class II
Legg Mason Partners Fund Adviser, LLC;
Western Asset Management Company, LLC,
Western Asset Management Company
Limited & Western Asset Management Pte.
Ltd., sub-advisors.
|
1.08%
|
9.96%
|
3.17%
|
2.63%
|