# EDGAR Filing Document

**Accession Number:** 0000783402
**File Stem:** 0000783402-23-000002
**Filing Date:** 2023-1
**Character Count:** 6857
**Document Hash:** 33a01238c81c4e4e0b53574b344c56db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000783402-23-000002.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0000783402-23-000002

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**EFFECTIVENESS DATE**: 20230127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERITAS VARIABLE SEPARATE ACCOUNT V
- **CENTRAL INDEX KEY:** 0000783402
- **IRS NUMBER:** 470098400
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-233986
- **FILM NUMBER:** 23561017

**BUSINESS ADDRESS:**
- **STREET 1:** 5900 O ST P O BOX 81889
- **STREET 2:** C/O AMERITAS LIFE INSURANCE CORP
- **CITY:** LINCOLN
- **STATE:** NE
- **ZIP:** 68510
- **BUSINESS PHONE:** 4024671122

**MAIL ADDRESS:**
- **STREET 1:** 5900 O ST P O BOX 81889
- **STREET 2:** C/O AMERITAS LIFE INSURANCE CORP
- **CITY:** LINCOLN
- **STATE:** NE
- **ZIP:** 68510

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERITAS VARIABLE LIFE INSURANCE CO SEPARATE ACCOUNT V
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANKERS LIFE ASSURANCE CO OF NEBRASKA SEP ACCOUNT V /SOWER/
- **DATE OF NAME CHANGE:** 19880914

## Series and Classes Contracts Data

### AMERITAS VARIABLE SEPARATE ACCOUNT V (Series ID: S000011620)

---

|  |  |
|:---|:---|
| Class Name                  | Class ID   |
| Ameritas Performance II VUL | C000216331 |

---

## Series and Classes Contracts Data

### AMERITAS VARIABLE SEPARATE ACCOUNT V (Series ID: S000011620)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000216331 | Ameritas Performance II VUL |  |

**Ameritas Life Insurance Corp.**

**("Ameritas Life")**

**Ameritas Variable Separate Account V**

**Supplement to:**

**Ameritas Performance II VUL**

**Prospectus Dated May 1, 2022**

**Supplement Dated January 27, 2023**

In the **KEY INFORMATION** table, the Transaction Charges section is deleted and replaced with the following information:

---

| | | |
|:---|:---|:---|
| | **Fees and Expenses** | **Location in** <br> **Prospectus** |
| **Transaction Charges** | In addition to Surrender Charges, you may be charged for other transactions (such as when you make a premium payment (Maximum Sales Charge Imposed On Premiums (Loads)), transfer Account Value between Investment Options (Transfer Fee), or request an illustration (Illustration Fee)).<br>You will be charged a $14 fee for a wire transfer if you request one. The fee is deducted from the gross amount of the loan, partial withdrawal, or Surrender. | **FEE TABLE**<br>**CHARGES**<br>|

---

The first table under the **FEE TABLE** section is deleted and replaced with the following information and table:

The first table describes the fees and expenses that you will pay at the time that you buy the Policy, pay a premium, Surrender or make withdrawals from the Policy, or transfer cash value between Investment Options.

---

| | | | |
|:---|:---|:---|:---|
| **TRANSACTION FEES** | **TRANSACTION FEES** | **TRANSACTION FEES** | **TRANSACTION FEES** |
| **Charge** | **When Charge Is Deducted** | **Amount Deducted** | **Amount Deducted** |
| **MAXIMUM SALES CHARGE IMPOSED ON PREMIUMS (Load)\*** | When each premium is paid. | 5% | 5% |
| **PREMIUM TAXES\*\*** | Not taken as a separate deduction |  |  |
| **MAXIMUM DEFERRED SALES CHARGE (Load)** | Upon a full Surrender during the first 12 Policy years or in the 12-Policy years | *Per $1,000 of Specified Amount of insurance coverage. Fee declines each year.* | *Per $1,000 of Specified Amount of insurance coverage. Fee declines each year.* |
|  | following an increase in Specified | Varies <sup>(1)</sup> |  |
|  | Amount of insurance. | Policy Year 2: |  |
|  |  | Maximum | $48.38 |
|  |  | Charge for a Representative Insured <sup>(2)</sup> | $12.03 |
| **OTHER SURRENDER FEES:** |  |  |  |
| **Partial Withdrawal Charge** | Upon each withdrawal. |  | $50 |
| **Wire Transfer Fee** *(per wire)* | As requested by Policy Owner |  | $14 |
| **TRANSFER FEES** | First 15 transfers per year; |  | $0 |
|  | Each additional transfer. |  | $10 |
| **ILLUSTRATION FEE** | First illustration request per year |  | $0 |
|  | Each additional illustration request. |  | $50 |

---

*\*This premium charge is deducted from each premium payment as it is processed (except if it is a premium that is transferred from another Company policy). Premium taxes are paid from this charge.*

*\*\* Premium Taxes are paid by the Company from the Maximum Sales Charge Imposed On Premiums (Load). See **CHARGES** section for more information.* 

*(1)* *Rate varies by Insured's gender, Issue Age, rate class, and the amount of time you have had your Policy (or the number of years since any increase in base Policy Specified Amount).* *Taxes and penalties may also apply. Ask for a Policy illustration or see your Policy for these charges applicable to you.* 

*(2)* *"Charge for Representative Insured" assumes a male, age 35 at Policy issue and in our best rate class. Surrender Charge rate is $8.02 in year 1, $12.03 in years 2-5, $10.52 in year 6, $9.02 in year 7, $7.51 in year 8, $6.01 in year 9, $4.51 in year 10, $3.00 in year 11, $1.50 in year 12, and $0.00 thereafter. This charge may not be representative of the charge that a particular investor will pay.* 

IN 2691 01-23

The **TRANSACTION FEES** in the **CHARGES** section have been revised to read as follows for the fees listed below:

**<u>Maximum Sales Charge Imposed On Premiums (Load)</u>**

The premium charge is deducted from each premium payment as it is processed (except if it is a premium that is transferred from another Company policy). The current amount of this charge is 3.5% and the maximum charge is 5.0%. This charge is subtracted from the premium received before the funds are applied to the selected investment options. Premium taxes are paid by the Company from this charge. The amount added to the selected investment options is referred to as the Net Premium.

**<u>Premium Taxes</u>**

Premium taxes are not a separate charge to you; they are paid by the Company from the Maximum Sales Charge Imposed on Premiums (Load).

**<u>Illustration Fee</u>**

You may annually request, without charge, an illustration from us. Currently, there is no charge for additional illustrations. However, we reserve the right to charge the maximum fee of $50 for additional illustrations requested in the same Policy year.

All other provisions of your Policy remain as stated in your Policy and prospectus as previously supplemented.

**Please retain this Supplement with the current prospectus for your variable Policy with**

**Ameritas Life Insurance Corp.**

**If you do not have a current prospectus, please contact Ameritas Life at 800-745-1112.**

IN 2691 01-23