|
Issue Ages |
0-80 |
|
Specified Amount |
Minimum is $100,000
Maximum without prior approval is $10,000,000 |
|
Specified Amount
Banding Limits |
Band 1: $100,000 to $249,999
Band 2: $250,000 to $999,000
Band 3: $1,000,000 & up |
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Policy Charges
|
Surrender Charge: 0%
M&E Fee: 0.70% annually (years 1-15), 0.10% (years 16+), (maximum 0.90% years 1-15; 0.30% years 16+) 0% from fixed account
Monthly Administrative Charge: $10/mo for Band 1, $7.50/mo.for Bands 2 & 3 (maximum $9/mo)
Cost of Insurance Charge: Deducted monthly and varies by age, gender, rate class and specificed amount
Premium Charge: 3.5%, (maximum 5%)
Monthly Specified Amount Charge: First 10 policy years and first 10 years following an increase for a limited number of ages and rate classes. |
|
Rate Classes |
Preferred Plus Nontobacco, Preferred Nontobacco, Select Nontobacco, Standard Nontobacco, Preferred Tobacco, Standard Tobacco |
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Investment Option Firms |
Vanguard ® VIF, AIM V.I.Series I, American Century VP, Calvert Variable Series, DWS VS I, DWS VS II, Fidelity® VIP, FTVIPT Templeton, MFS® VIT, PIMCO, Rydex, Summit, T. Rowe Price, Third Avenue, UIF |
|
Transfers among Investment Options |
No limit on number of transfers. (Contractually: $10 fee may apply after 15 transfers in a policy year and there may be restrictions on excessive trading.) |
|
Optional Programs |
Portfolio Rebalancing, Earnings Sweep, Dollar Cost Averaging. Find out more by clicking on the link at the right.
Systematic programs can help maintain investment diversification, but are not guaranteed to achieve performance results. |
|
Death Benefit Options |
Option A: Greater of specified amount or account value multiplied by the corridor factor
Option B: Greater of specified amount plus account value or account value multiplied by the corridor factor
Option C: Greater of specified amount plus premiums paid less partial withdrawals or account value multiplied by the corridor factor |
|
Riders |
Children's Insurance Rider, Waiver of Monthly Deduction Rider, Accelerated Benefit Rider, Term Insurance Rider, Paid-Up Insurance Benefit. Find out more by clicking on the link at the right.
Riders available in most states. Some riders require an additional charge. |
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Partial Withdrawals |
Minimum of $100, Maximum is the cash surrender value minus the next three monthly deductions.
Current withdrawal charge is $0 (maximum $50).
Withdrawals reduce death benefit and cash value and may cause policy to lapse. |
|
Loans |
Minimum: $200.
Maximum: net cash surrender value at year-end.
Charge is 4.0% current and guaranteed, earning 3.0%, net 1%.
Loans reduce death benefit and cash value and may cause policy to lapse. |
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Preferred Loans |
Available after 5 years on earnings at net 0% (maximum net 0.5%). |
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Fixed Account Interest Rate |
Guarantees based on the claims paying ability of Ameritas Life Insurance Corp.
Minimum rate is 3.0%.
No guarantee in subaccounts which include risk of loss, including principal. |
|
Transfers from Fixed Account |
Limited to 30 days following policy anniversary (unless pursuant to a systematic program) and limited to the greatest of (1) 25% of the fixed account value, (2) the amount of any Fixed Account transfer that occurred during the prior13 month period or (3) $1,000. |
|
State Approvals |
Available in all states except NY |
