Ameritas Life Insurance Corp.


 


ENHANCED DEATH BENEFIT RIDER


 


This rider is made a part of the policy and is based
on the application and payment of the premium. This rider is subject to the terms and provisions of the policy and this
rider. If there is a conflict between the terms of the policy and the terms of this rider, the rider language controls. This rider
may not be cancelled and will terminate based on the ‘Termination’ provision below.


 


BENEFITS. This rider provides that we will
pay an additional death benefit. This additional death benefit is described below and is called the Enhanced Death Benefit (EDB).


 


The amount of the EDB depends on the date that proof
of death is received. The EDB amount cannot be withdrawn. If the policy to which this rider is attached is jointly
owned, then the additional death benefit is payable upon the death of the first owner.


 


The amount of the additional death benefit will
be included in the annual report.


 


CALCULATION OF THE ENHANCED DEATH BENEFIT. Upon
your death, the EDB equals (A) multiplied by


(B), where:


 


(A) = 0.40; and


(B) = the Benefit Base


 


The Benefit Base and its components are defined as
follows:


 


Benefit Base = the lesser of (1) and (2),
where


(1) = AVD - NPBB; and


(2) = Cap Percentage * Adjusted NP


 


The Benefit Base will never be less than
zero.


 


AVD = the accumulation value on
the date that proof of death is received.


 


NPBB = net premiums used for the determination
of the Benefit Base, which are total premiums paid into the policy less proportional withdrawal adjustments, if any, as
described below. On each policy anniversary, NPBB is reset to the lesser of net premium (NP) or the accumulation value as
of that policy anniversary.


 


NP = net premiums, which are total premiums
paid into the policy less proportional withdrawal adjustments, if any, as described below.


 


Cap Percentage = the percentage shown on
your rider schedule.


 


Adjusted NP = NP reduced by premiums
paid within a certain time prior to the date that proof of death is received. If this date occurs in the first policy
year, there is no reduction for premiums paid prior to this date. If this date occurs in the second policy year, all premiums
paid in the second policy year reduce NP. If this date occurs after the second policy year, only premiums paid within
the 12-month period prior to this date reduce NP.


 


The proportional withdrawal adjustments referred
to in the definitions of NPBB and NP are calculated in the same fashion. The withdrawal adjustment is based on the proportion that
the withdrawal has to the policy accumulation value prior to the withdrawal. The withdrawal adjustment is equal to (A) multiplied
by the quotient of (B) divided by (C) as shown in the formula:


 


A * (B / C)


 


where:


 


(A) = the value of NP (or NPBB) prior to
the withdrawal;


(B) = the withdrawal amount (including
any applicable surrender charges); and


(C) = the policy accumulation value
prior to the withdrawal.


 


ICC15 EDBR 8-15




    	 



    	 



    

 


RIDER CHARGE. Beginning with the policy
date, each month until the rider terminates, we will deduct a rider charge pro-rata from your fixed account
and subaccounts. The current and maximum charges are shown on the rider schedule. When your rider is issued,
the current charge applies. After the first policy year, we reserve the right to change the current charge at any time;
however, your charge will never exceed the maximum charge.  If the rider charge rate increases, we will notify
you at least 30 days prior to the policy anniversary.


 


TERMINATION. This rider terminates on the
earliest of the following:


 


(1) the death of an owner; or


(2) the policy maturity date; or


(3) the date that the policy’s accumulation
value reduces to zero; or


(4) the date the policy is terminated.


 


 


AMERITAS LIFE INSURANCE CORP.


 


 


	[	SPECIMEN	SPECIMEN	]
	   President	Secretary   


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


ICC15 EDBR 8-15