Product Details
Low-Load Survivorship Variable Universal Life Insurance
Ameritas Low-Load Survivorship Variable Universal Life is a life insurance policy without sales loads or surrender charges that offers a variety of investment choices, making it a flexible financial tool with three powerful advantages: lifetime insurance protection, top-quality investment options, and the potential for tax-advantaged growth. Read the prospectus for detailed information about product risks and expenses before investing any money.
|
Issue Age |
20-90, youngest insured maximum age 85 |
|
Minimum Coverage |
$100,000 |
|
Maximum Coverage |
$10,000,000 or more |
|
Policy Charges
|
Sales Load : 0%
Surrender Charge: 0%
Total Asset Base Charge: 0.60% annually (years 1-15), 0.30% years 16+, 0% from fixed account
Premium Taxes: 3.0%
|
|
Rating Classes |
Preferred, Standard Nontobacco, Standard Tobacco, Substandard |
|
Investment Option Firms |
Vanguard ® VIF, AIM V.I.Series I, American Century VP, Calvert Variable Series, DWS VIT, DWS VS I, DWS VS II, Fidelity® VIP, FTVIPT Templeton, MFS® VIT, Neuberger Berman AMT, Rydex, Summit, T. Rowe Price, Third Avenue, UIF, Wells Fargo Advantage VT |
|
Transfers among Investment Options |
15 free transfers per year. $10 fee per transfer may apply thereafter. Minimum transfer $250. (Must maintain investment option balance of $100 in the Fixed Account/$250 in other subacounts). |
|
Optional Programs |
Portfolio Rebalancing, Earnings Sweep, Dollar Cost Averaging. Find out more by clicking on the link to the right.
Systematic programs can help maintain investment diversification, but are not guaranteed to acheive performance results. |
|
Death Benefit Options |
Option A: Specified amount or
Option B: Specified amount plus cash value |
|
Riders |
Disability, Term, Accelerated Benefits, Estate Protection, Guaranteed Death Benefit. Find out more
Riders available in most states. Some riders require an additional charge. |
|
Partial Withdrawals |
- Minimum of $500, must maintain surrender value of $1,000.
- Charge of the lesser of 2% of amount withdrawn or $25 (maximum $50).
- Withdrawals reduce death benefit & may cause policy to lapse. |
|
Loans |
Available after first policy year.
Minimum: $200.·
Maximum: net cash surrender value at year-end.
Charge is 5.5% (maximum 6%), earning 3.5%, net 2% (maximum net 2.5%). |
|
Preferred Loans |
Available after 10 years at net 0% (maximum 0.5%). |
|
Fixed Account Interest Rate |
Ameritas Life Insurance Corp. guarantees fixed account rate for 12-months following each policy anniversary. Minimum rate is 3.5%.
No guarantee in subaccounts which include risk of loss, including principal. |
|
Transfers from Fixed Account |
Limited to 30 days following policy anniversary (unless dollar cost averaging) and limited to the greatest of (1) 25% of the fixed account value, (2) the total amount transferred in the last 13 month period or (3) $1,000. |
|
State Approvals |
Available in all states except NY | |
The Ameritas Low-Load Survivorship Variable Universal Life insurance policy (Form 6065) is issued by Ameritas Life Insurance Corp. and underwritten by affiliate Ameritas Investment Corp. Guarantees are based on the claims paying ability of the insurer. Variable products have investment risk, including the possible loss of principal. Before investing, carefully consider the investment objectives, risks, charges, expenses and other important information about the policy issuer and underlying investment options. This information can be found in the policy and investment option prospectuses, which are available on this web site. Please read the prospectus carefully before investing or sending any money. It is possible that coverage may not continue to maturity date if policy costs reach maximum guaranteed levels, and premiums continue to be paid at the initial planned premium level. Summit and Calvert are affiliates of Ameritas Life Insurance Corp. and Ameritas Investment Corp.
