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84 Ameriprise Financial 2007 Annual Report
The following table provides summary information related to all variable annuity guarantees for which the Company has established additional
liabilities:
December 31,
Variable Annuity Guarantees by Benefit Type(1) 2007 2006
(in millions, except age)
Contracts with GMDB providing for return of premium:
Total contract value $25,804 $17,418
Contract value in separate accounts $23,892 $15,859
Net amount at risk(2) $26 $13
Weighted average attained age 60 61
Contracts with GMDB providing for six-year reset:
Total contract value $20,231 $23,544
Contract value in separate accounts $17,617 $20,058
Net amount at risk(2) $ 167 $ 227
Weighted average attained age 60 61
Contracts with GMDB providing for one-year ratchet:
Total contract value $ 7,908 $ 6,729
Contract value in separate accounts $ 7,143 $ 5,902
Net amount at risk(2) $81 $26
Weighted average attained age 61 61
Contracts with GMDB providing for five-year ratchet:
Total contract value $ 1,211 $ 907
Contract value in separate accounts $ 1,163 $ 870
Net amount at risk(2) $1 $—
Weighted average attained age 58 57
Contracts with other GMDB:
Total contract value $ 693 $ 586
Contract value in separate accounts $ 639 $ 530
Net amount at risk(2) $12 $11
Weighted average attained age 65 64
Contracts with GGU death benefit:
Total contract value $ 950 $ 811
Contract value in separate accounts $ 873 $ 730
Net amount at risk(2) $80 $62
Weighted average attained age 62 62
Contracts with GMIB:
Total contract value $ 927 $ 928
Contract value in separate accounts $ 859 $ 853
Net amount at risk(2) $18 $14
Weighted average attained age 62 61
Contracts with GMWB:
Total contract value $ 5,104 $ 4,791
Contract value in separate accounts $ 4,980 $ 4,761
Benefit amount in excess of account value $22 $—
Weighted average attained age 62 61
Contracts with GMWB for life:
Total contract value $ 7,958 $ 2,396
Contract value in separate accounts $ 7,685 $ 2,349
Benefit amount in excess of account value $33 $—
Weighted average attained age 62 63
Contracts with GMAB:
Total contract value $ 2,260 $ 1,350
Contract value in separate accounts $ 2,205 $ 1,340
Benefit amount in excess of account value $3 $—
Weighted average attained age 55 55
(1) Individual variable annuity contracts may have more than one guarantee and therefore may be included in more than one benefit type. Variable annuity contracts for
which the death benefit equals account value are not shown in this table.
(2) Represents current death benefit less total contract value for GMDB, amount of gross up for GGU and accumulated guaranteed minimum benefit base less total contract
value for GMIB and assumes the actuarially remote scenario that all claims become payable on the same day.