# EDGAR Filing Document

**Accession Number:** 0000933094
**File Stem:** 0000933094-23-000002
**Filing Date:** 2023-2
**Character Count:** 518336
**Document Hash:** e87b75730c790bebe7a16677706eccab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000933094-23-000002.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0000933094-23-000002

**CONFORMED SUBMISSION TYPE**: 485APOS

**PUBLIC DOCUMENT COUNT**: 9

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERITAS LIFE INSURANCE CORP SEPARATE ACCOUNT LLVL
- **CENTRAL INDEX KEY:** 0000933094
- **IRS NUMBER:** 470098400
- **STATE OF INCORPORATION:** NE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485APOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08868
- **FILM NUMBER:** 23611246

**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:** 402467112

**MAIL ADDRESS:**
- **STREET 1:** 5900 O STREET
- **STREET 2:** P O BOX 81889
- **CITY:** LINCOLN
- **STATE:** NE
- **ZIP:** 68510
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERITAS LIFE INSURANCE CORP SEPARATE ACCOUNT LLVL
- **CENTRAL INDEX KEY:** 0000933094
- **IRS NUMBER:** 470098400
- **STATE OF INCORPORATION:** NE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485APOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-233977
- **FILM NUMBER:** 23611245

**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:** 402467112

**MAIL ADDRESS:**
- **STREET 1:** 5900 O STREET
- **STREET 2:** P O BOX 81889
- **CITY:** LINCOLN
- **STATE:** NE
- **ZIP:** 68510

## Series and Classes Contracts Data

### AMERITAS LIFE INSURANCE CORP SEPARATE ACCOUNT LLVL (Series ID: S000011628)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000216328 | Ameritas Advisor II VUL |  |

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| |
|:---|
| Securities Act Registration No. 333-233977 |
| Investment Act Registration No. 811-08868 |
| UNITED STATES |
| SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549 |
| **FORM N-6** |

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| | |
|:---|:---|
| REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | [X] |
| Pre-Effective Amendment No. | [ ] |
| Post-Effective Amendment No. 9 | [X] |
| REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | [X] |
| Amendment No. 45 | [X] |
| AMERITAS LIFE INSURANCE CORP. SEPARATE ACCOUNT LLVL | AMERITAS LIFE INSURANCE CORP. SEPARATE ACCOUNT LLVL |
| Registrant | Registrant |
| AMERITAS LIFE INSURANCE CORP. | AMERITAS LIFE INSURANCE CORP. |
| Depositor | Depositor |
| 5900 O Street | 5900 O Street |
| Lincoln, Nebraska 68510 | Lincoln, Nebraska 68510 |
| 402-467-1122 | 402-467-1122 |

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| |
|:---|
| MORGAN B.S. LORENZEN |
| Second Vice President, Assistant General Counsel |
| Ameritas Life Insurance Corp. |
| 5900 O Street |
| Lincoln, Nebraska 68510 |
| 402-467-1122 |
| Approximate Date of Proposed Public Offering: As soon as practicable after effective date. |
| It is proposed that this filing will become effective: |
| [ ] immediately upon filing pursuant to paragraph (b) |
| [ ] on ________pursuant to paragraph (b) |
| [ ] 60 days after filing pursuant to paragraph (a)(1) |
| [X] on <u>May 1, 2023</u> pursuant to paragraph (a)(1) of Rule 485 under the Securities Act. |
| If appropriate, check the following box: |
| [ ] This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |

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| | | |
|:---|:---|:---|
| PROSPECTUS: May 1, 2023 | PROSPECTUS: May 1, 2023 | ![](image_002.jpg) |
| **Ameritas Advisor II VUL** | **Ameritas Advisor II VUL** | ![](image_002.jpg) |
| Individual Flexible Premium | Individual Flexible Premium | ![](image_002.jpg) |
| Variable Universal Life Insurance Policy | Ameritas Life Insurance Corp. Separate Account LLVL | Ameritas Life Insurance Corp. Separate Account LLVL |

---

If you are a new investor in the Policy, you may cancel your Policy within 10 days of receiving it without paying fees or penalties. In some states, this cancellation period may be longer. Upon cancellation, you will receive the greater of either a full refund of the amount you paid with your application minus withdrawals and loans or your total Policy Value. You should review this prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.

This prospectus describes the Ameritas Advisor II VUL (the "Policy"), especially its Separate Account. The Policy is designed to help you, the Policy Owner, provide life insurance protection while having flexibility, within limits, as to the amount and timing of premium payments, the amount of the death benefit, and how you invest your Account Value. **The value of your Policy will increase or decrease based on the performance of the Investment Options you choose. The amount of the death benefit can also vary as a result of investment performance.**

This Policy may be available through third-party financial intermediaries who charge an investment Advisory Fee for their services. These fees are in addition to Policy fees and expenses described in this prospectus. If the Policy Owner elects to pay the investment Advisory Fees from the Account Value, this will reduce the Account Value and death benefit under the Policy by the same calculation as any other withdrawals, with the exception that the Specified Amount will not be reduced by the amount of these Advisory Fees. In addition, Advisory Fee withdrawals may be subject to federal and state income taxes and may be subject to a 10% federal tax penalty. For more information, see Advisory Fee Endorsement under **OTHER BENEFITS UNDER THE POLICY,** and Partial Withdrawals and Advisory Fees under **SURRENDERS AND WITHDRAWALS, and TAXES.**

You may allocate all or part of your Account Value among a variety of Subaccount variable Investment Options where you have the investment risk, including possible loss of principal. (The Subaccounts are listed in **APPENDIX A: PORTFOLIO COMPANIES AVAILABLE UNDER THE POLICY ("APPENDIX A")** section of this prospectus.)

You may also allocate all or part of your investment to a Fixed Account fixed interest rate option, where we have the investment risk and guarantee a certain return on your investment. **The Fixed Account is part of our General Account and is subject to the financial strength and claims paying ability of the Company.**

You may access certain documents relating to the Policy and Subaccounts electronically. Current prospectuses and reports for the Policy and Subaccounts are available on our website, and updated prospectuses are posted on or about May 1 of each year. Prospectuses may be supplemented throughout the year, and copies of all supplements are also available on our website. We post annual reports on our website shortly after March 1 each year.

We may make other documents available to you electronically through the email address that you provide to us. When electronic delivery becomes available, and upon your election to receive information online, we will notify you when a transaction pertaining to your Policy has occurred or a document impacting your Policy or the Subaccounts has been posted. In order to receive your Policy documents online you should have regular and continuous Internet access.

**<u>Please Read this Prospectus Carefully and Keep It for Future Reference</u>.**<br> It provides information you should consider before investing in a Policy.<br>Prospectuses for the portfolios that underlie the Subaccount variable Investment Options are available without charge from your sales representative or from our Service Center.<br>Policy guarantees, which are obligations of the General Account are subject to the financial strength and claims paying ability of the Company.<br>

*The Securities and Exchange Commission ("SEC") does not pass upon the accuracy or adequacy of this prospectus, and has not approved or disapproved the Policy. Any representation to the contrary is a criminal offense.*

 

*Additional information about certain investment products, including variable life insurance, has been prepared by the* 

*SEC's staff and is available at investor.gov.*

 

*This prospectus may only be used to offer the Policy where the Policy may lawfully be sold.*

*The Policy, and certain features described in this prospectus, may not be available in all states.*

*No one is authorized to give information or make any representation about the Policy that is not in this prospectus. If anyone does so, you should not rely upon it as being accurate or adequate.*

 

---

| |
|:---|
| **NOT FDIC INSURED ■ MAY LOSE VALUE ■ NO BANK GUARANTEE** |
| **Ameritas Life Insurance Corp.** *(Company, we, us, our, Ameritas Life, Depositor)* |
| **Service Center, P.O. Box 81889, Lincoln, Nebraska 68501 800-255-9678** **<u>ameritasdirect.com</u>** |

---

Ameritas Advisor II VUL 1

---

| | | |
|:---|:---|:---|
| **TABLE OF CONTENTS** |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**DEFINED TERMS**](#Defined_Terms) | **3** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**KEY INFORMATION**](#Key_Information) | **5** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**OVERVIEW OF THE POLICY**](#Overview_Policy) | **6** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;PURPOSE OF THE POLICY |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;PREMIUMS |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;POLICY FEATURES |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**FEE TABLE**](#Fee_Table) | **7** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;PORTFOLIO COMPANY OPERATING EXPENSES |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**PRINCIPAL RISKS OF INVESTING IN THE POLICY**](#Principal_Risks) | **9** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**THE COMPANY**](#The_Company) | **12** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**THE SEPARATE ACCOUNT**](#The_Separate_Account) | **12** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**PORTFOLIO COMPANIES**](#Portfolio_Companies) | **13** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**VOTING RIGHTS**](#Voting_Rights) | **13** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**THE FIXED ACCOUNT FIXED INTEREST RATE OPTION**](#The_Fixed_Account) | **13** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**CHARGES**](#Charges) | **14** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;TRANSACTION FEES |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO COMPANY CHARGES |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;DISTRIBUTION COMPENSATION |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;PORTFOLIO COMPANY CHARGES |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**GENERAL DESCRIPTION OF THE POLICY**](#General_Description) | **16** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;THE PARTIES |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;STATE VARIATIONS |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;ALLOCATING PREMIUM |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;TELEPHONE TRANSACTIONS |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;TRANSFERS |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;THIRD-PARTY SERVICES |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;SYSTEMATIC TRANSFER PROGRAMS |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;GENERAL ACCOUNT |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;POLICY OR REGISTRANT CHANGES |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;DISRUPTIVE TRADING PROCEDURES |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**PREMIUMS**](#Premiums) | **22** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;POLICY APPLICATION AND ISSUANCE |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;PREMIUM REQUIREMENTS |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;ACCOUNT VALUE |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;POLICY CHANGES |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;"RIGHT TO EXAMINE" PERIOD |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;OPTIONAL FEATURES |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;NONPARTICIPATING |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;SPECIAL ARRANGEMENTS |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**STANDARD DEATH BENEFITS**](#Standard_Death_Benefits) | **25** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;DEATH BENEFIT |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;NO MATURITY DATE |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;PAYMENT OF POLICY PROCEEDS |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;MISSTATEMENT OF AGE OR GENDER |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;SUICIDE |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;RELIANCE |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;INCONTESTABILITY |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;ASSIGNMENT |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;UNCLAIMED DEATH BENEFIT PROCEEDS |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**OTHER BENEFITS UNDER THE POLICY**](#Other_Benefits) | **28** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**SURRENDERS AND WITHDRAWALS**](#Surrenders_Withdrawals) | **35** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;CASH SURRENDER |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;PARTIAL WITHDRAWAL |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;DELAY OF PAYMENTS OR TRANSFERS |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**LOANS**](#Loans) | **37** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**LAPSE AND REINSTATEMENT**](#Lapse_Reinstatement) | **38** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;LAPSE AND GRACE PERIOD |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| &nbsp;&nbsp;&nbsp;REINSTATEMENT |  | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**TAXES**](#Taxes) | **38** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**LEGAL PROCEEDINGS**](#Legal_Proceedings) | **41** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**FINANCIAL STATEMENTS**](#Financial_Statement) | **41** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**DISTRIBUTION OF THE POLICY**](#Distribution_Policy) | **41** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**APPENDIX A: PORTFOLIO COMPANIES AVAILABLE UNDER THE POLICY**](#Appendix_A) | **42** | **Contacting Us.** To have questions answered or to send additional premiums, contact your sales representative or write or call us at:<br>Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> OR<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax:<br> 402-467-7923<br> Email: <u>direct@ameritas.com</u><br>Express mail packages should be sent to our street address, not our P.O. Box address.<br>**Remember, the correct form of Written Notice "in good order"** is important for us to accurately process your Policy elections and changes. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need and tell you the information we require.<br>**Written Notice.** To provide you with timely service, we accept some Written Notices by email and facsimiles. However, by not requiring your original signature, there is a greater risk unauthorized persons can manipulate your signature and make changes on your Policy (including withdrawals) without your knowledge. We are entitled to act upon email and facsimile signatures that reasonably appear to us to be genuine.<br>**Make checks payable to:**<br> "Ameritas Life Insurance Corp."<br>Ameritas<sup>®</sup> and the bison design are registered<br> service marks of Ameritas Life Insurance Corp. |
| [**ILLUSTRATIONS**](#Illustrations) | **46** |  |
| [**STATEMENT OF ADDITIONAL INFORMATION; REGISTRATION STATEMENT**](#SAI) | **46** |  |
| [**REPORTS TO YOU**](#Reports) | **46** |  |
| &nbsp;&nbsp;&nbsp;FINRA PUBLIC DISCLOSURE PROGRAM |  |  |

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Ameritas Advisor II VUL 2

**DEFINED TERMS**

 

*Defined terms, other than "we, us, our," "you and your," are shown using initial capital letters in this prospectus.*

**Account Value / Accumulation Value / Policy Value** means the sum of Net Premiums paid, minus partial withdrawals, minus Policy charges, plus interest credited to the Fixed Account and the Loan Account, adjusted for gains or losses in the Subaccounts. The Account Value is comprised of amounts in the Subaccounts, the Fixed Account and the Loan Account.

**Accumulation Unit** means an accounting unit of measure used to calculate the Account Value allocated to a Subaccount of the Separate Account. It is similar to a share of a mutual fund.

**Advisory Fee** means fees deducted from your Policy pursuant to the independent agreement you may have with a registered investment advisor. The fees deducted are used to compensate your advisor for any management of your Policy, subject to the terms you and your advisor have mutually agreed upon, and will not exceed 1.5% of the Account Value on an annualized basis.

**Annual Date** means the same date each year as the Policy Date.

**Attained Age** means the Issue Age plus the number of completed Policy years. With respect to any increase in Specified Amount, Attained Age means the Issue Age for the increase plus the number of complete years since the increase.

**Beneficiary** is the person(s) to whom the Death Benefit proceeds are payable upon the death of the Insured. The Beneficiary is designated by the Owner in the application. If changed, the Beneficiary is as shown in the latest change filed and recorded with us. If no Beneficiary survives the Insured, the Owner or the Owner's estate will be the Beneficiary. The interest of any Beneficiary is subject to that of any assignee.

**Business Day** means each day that the New York Stock Exchange is open for trading.

**Cash Surrender Value** means the Account Value minus any Policy Loan Balance.

**Company, We, Us, Our, Ameritas Life, Depositor** means Ameritas Life Insurance Corp.

**Corridor Factor** is the number, or fractional number, multiplied by the Account Value to determine the minimum death benefit required to maintain the Policy's status as life insurance under Section 7702 of the Internal Revenue Code. These factors are shown on the Policy Schedule.

**Fixed Account** is an account that credits a fixed rate of interest guaranteed by us and is not affected by the experience of the variable Investment Options of the Separate Account. The Fixed Account is part of our General Account.

**General Account** is an account in which the assets of Ameritas Life Insurance Corp., are held, other than those allocated to the Separate Account or any other separate account.

**Insured** means the person shown on the Policy schedule upon whose life this Policy is issued. This individual's personal information determines the cost of the life insurance coverage. The Owner also may be the Insured.

**Investment Options** means collectively the Subaccounts and the Fixed Account. You may allocate Net Premiums and reallocate Account Value among the Investment Options.

**Issue Age** means the Insured's age as of the birthday nearest to the Policy Date. With respect to any increase in Specified Amount, Issue Age means the Insured's age as of the birthday nearest to the date of the increase.

**Issue Date** means the date on which the suicide and incontestability periods begin. If we have received the initial premium from you, the Issue Date will also be the date when you have life insurance coverage with us. If we have not received the initial premium from you, you WILL NOT have coverage until the date on which we receive the initial premium from you.

**Lien Balance** means the sum of all unpaid Policy liens and accrued interest on Policy liens.

**Loan Account** is an account we maintain for your Policy if you have a Policy Loan outstanding. The Loan Account is credited with interest and is not affected by the experience of the variable Investment Options of the Separate Account. The Loan Account is part of our General Account.

**Monthly Date** means the same date of each month as the Policy Date.

**Monthly Deduction** means a charge made against the Account Value on each Monthly Date for the coverage provided by this Policy and any attached riders.

**Net Amount at Risk** means the death benefit on the Monthly Date, discounted at the Fixed Account minimum credited rate for one month, minus the Account Value on the Monthly Date, after the Monthly Deduction has been taken except for the cost of insurance.

**Net Premium** means the premium paid reduced by the premium charge, which will not exceed the maximum premium charge shown on the Policy schedule.

Ameritas Advisor II VUL 3

**Planned Periodic Premium** means a level premium you intend to pay at a fixed interval. The Planned Periodic Premium is shown on the Policy schedule.

**Policy Anniversary** means the same date each year as the Policy Date.

**Policy Date** means the date from which Policy months, years and anniversaries are measured. The Policy Date will be determined by us unless you request a different Policy Date that we approve. If the Issue Date is after the Policy Date or we have not received the initial premium from you, you WILL NOT have life insurance coverage on the Policy Date.

**Policy Loan** means a loan secured by the Cash Surrender Value of your Policy. The outstanding loan will accrue interest.

**Policy Loan Balance/Policy Debt** means the sum of all unpaid Policy Loans and accrued interest on Policy Loans.

**Pro-Rata** means allocating a dollar amount among the Investment Options in proportion to the Account Value in those Investment Options.

**Right to Examine Transfer Date** means 13 days after the Issue Date, or if later, the date all requirements necessary to place the Policy in force are delivered to us.

**Specified Amount** means a dollar amount used to determine the death benefit of your Policy. It is shown on the Policy schedule. You may increase or decrease it as provided in your Policy.

**Subaccounts** means the divisions within the Separate Account for which Accumulation Units are separately maintained. Each Subaccount corresponds to a single underlying non-publicly traded portfolio.

**Surrender** means termination of this Policy at your request for its Cash Surrender Value while the Insured is alive.

**Written Notice** means information we have received at Ameritas Life, Service Center, P.O. Box 81889, Lincoln, NE 68501 (or 5900 O Street, Lincoln, NE 68510), or by faxing 402-467-7335. A Written Notice must be signed by you, in good order, and on a form approved by or acceptable to us. Call us if you have questions about what form or information is required. When notice is permitted and sent to us by facsimile, we have the right to implement the request if the copied or facsimile signature appears to be a copy of your genuine original signature.

**You, Your, Owner** means the Owner as shown on the Policy schedule, unless changed. Ownership of this Policy may be held jointly. The Insured may or may not be the Owner.

Ameritas Advisor II VUL 4

**KEY INFORMATION**

*Important Information You Should Consider About the Policy*

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| | | | |
|:---|:---|:---|:---|
| | **Fees and Expenses** | **Fees and Expenses** | **Location in** <br> **Prospectus** |
| **Charges for Early Withdrawals** | You can Surrender the Policy in full at any time for its Cash Surrender Value, or, within limits, withdraw part of the Policy Value. This Policy has no Surrender charge.<br>We currently do not charge for early withdrawals, but may in the future charge up to $50. | You can Surrender the Policy in full at any time for its Cash Surrender Value, or, within limits, withdraw part of the Policy Value. This Policy has no Surrender charge.<br>We currently do not charge for early withdrawals, but may in the future charge up to $50. | **[FEE TABLE](#Fee_Table)**<br>**[CHARGES](#Charges)**<br>**[PRINCIPAL RISKS OF INVESTING IN THE POLICY](#Principal_Risks)**<br>**[SURRENDERS AND WITHDRAWALS](#Surrenders_Withdrawals)** |
| **Transaction Charges** | You may also be charged for other transactions (such as when you make a premium payment (Maximum Sales Charge Imposed On Premiums (Loads)), transfer Policy 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. | You may also be charged for other transactions (such as when you make a premium payment (Maximum Sales Charge Imposed On Premiums (Loads)), transfer Policy 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](#Fee_Table)**<br>**[CHARGES](#Charges)**<br>|
| **Ongoing Fees and Expenses (annual charges)** | In addition to transaction charges, an investment in the Policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the Policy and the cost of optional benefits available under the Policy; such fees and expenses are set based on characteristics of the Insured (e.g., age, gender, and rating classification). There is also a monthly administration fee and a monthly specified amount charge. Please refer to your Policy Specification Page for rates and the specific fees applicable to your Policy. | In addition to transaction charges, an investment in the Policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the Policy and the cost of optional benefits available under the Policy; such fees and expenses are set based on characteristics of the Insured (e.g., age, gender, and rating classification). There is also a monthly administration fee and a monthly specified amount charge. Please refer to your Policy Specification Page for rates and the specific fees applicable to your Policy. | **[FEE TABLE](#Fee_Table)**<br>**[CHARGES](#Charges)**<br>|
|  | You will also bear expenses associated with the Investment Options as shown in the following table. The fees and expenses disclosed below do not reflect any Advisory Fees paid to third party financial professionals from your Account Value or other assets. If such Advisory Fees were reflected, the fees and expenses disclosed below would be higher. | You will also bear expenses associated with the Investment Options as shown in the following table. The fees and expenses disclosed below do not reflect any Advisory Fees paid to third party financial professionals from your Account Value or other assets. If such Advisory Fees were reflected, the fees and expenses disclosed below would be higher. |  |
|  | **Annual Fee** | **Maximum** |  |
|  | Before any Waivers and Reductions | [%] |  |
|  | **Risks** | **Risks** |  |
| **Risk of Loss** | You can lose money by investing in this Policy, including loss of your premiums (principal). | You can lose money by investing in this Policy, including loss of your premiums (principal). | **[Cover Page](#Cover_Page)**<br>**[PRINCIPAL RISKS OF INVESTING IN THE POLICY](#Principal_Risks)** |
| **Not a Short-Term Investment** | The Policy is designed to provide lifetime insurance protection. It is not a short-term investment and is not appropriate for an investor who needs ready access to cash. The Policy will usually be unsuitable for short-term savings or short-term life insurance needs. Due to the long-term nature of the Policy, you should consider whether purchasing the Policy is consistent with the purpose for which it is being considered. | The Policy is designed to provide lifetime insurance protection. It is not a short-term investment and is not appropriate for an investor who needs ready access to cash. The Policy will usually be unsuitable for short-term savings or short-term life insurance needs. Due to the long-term nature of the Policy, you should consider whether purchasing the Policy is consistent with the purpose for which it is being considered. | [**PRINCIPAL RISKS OF INVESTING IN THE POLICY**](#Principal_Risks) |
| **Risks Associated with Investment Options** | An investment in the Policy is subject to the risk of poor investment performance and can vary depending on the performance of the Investment Options available under the Policy. Each Investment Option (including the Fixed Account) will have its own unique risks. You should review these Investment Options before making an investment decision. The Fixed Account is subject to the financial strength and claims paying ability of the Company. | An investment in the Policy is subject to the risk of poor investment performance and can vary depending on the performance of the Investment Options available under the Policy. Each Investment Option (including the Fixed Account) will have its own unique risks. You should review these Investment Options before making an investment decision. The Fixed Account is subject to the financial strength and claims paying ability of the Company. | **[PRINCIPAL RISKS OF INVESTING IN THE POLICY](#Principal_Risks)**<br>**[THE SEPARATE ACCOUNT](#The_Separate_Account)**<br> **[PORTFOLIO COMPANIES](#Portfolio_Companies)**<br>**[APPENDIX A](#Appendix_A)** |
| **Insurance Company Risks** | An investment in the Policy is subject to the risks related to the Company including that any obligations (including under the Fixed Account Investment Option), guarantees, or benefits are subject to the claims-paying ability of the Company. Additional information about the Company, including its financial strength ratings, is available on its website, ameritasdirect.com/about/our-ratings/, or is available upon request by contacting our Service Center at 800-255-9678. | An investment in the Policy is subject to the risks related to the Company including that any obligations (including under the Fixed Account Investment Option), guarantees, or benefits are subject to the claims-paying ability of the Company. Additional information about the Company, including its financial strength ratings, is available on its website, ameritasdirect.com/about/our-ratings/, or is available upon request by contacting our Service Center at 800-255-9678. | **[Cover Page](#Cover_Page)**<br>**[GENERAL DESCRIPTION OF THE POLICY](#General_Description)** |
| **Policy Lapse** | Your Policy will lapse if there are insufficient premium payments, poor investment performance, withdrawals, unpaid loans, or loan interest. There is a cost associated with, and limitations on, reinstating a lapsed Policy. Death benefits will not be paid if the Policy has lapsed. | Your Policy will lapse if there are insufficient premium payments, poor investment performance, withdrawals, unpaid loans, or loan interest. There is a cost associated with, and limitations on, reinstating a lapsed Policy. Death benefits will not be paid if the Policy has lapsed. | **[PRINCIPAL RISKS OF INVESTING IN THE POLICY](#Principal_Risks)**<br>**[LAPSE AND REINSTATEMENT](#Lapse_Reinstatement)** |
| **Investments** | Transfers must be at least $250, or the entire Subaccount or Fixed Account if less. The first 15 transfers each Policy year are free. Thereafter, we charge $10 for each transfer.<br>In addition to the right of each portfolio company to impose restrictions on excessive trading, we reserve the right to reject or restrict, in our sole discretion, transfers initiated by a market timing organization or individual or other party authorized to give transfer instructions. We further reserve the right to impose restrictions on transfers we determine, in our sole discretion, will disadvantage or potentially hurt the rights or interest of other Policy Owners.<br>A transfer from the Fixed Account (except made pursuant to a systematic transfer program) may be made only once each Policy Year; may be delayed up to six months and is limited during any Policy Year to the greater of 25% of the Fixed Account value on the date of the transfer during that Policy Year, the greatest amount of any non-systematic transfer out of the Fixed Account during the previous 13 months; or $1,000.<br>Ameritas Life reserves the right to remove or substitute portfolio companies as Investment Options that are available under the Policy. | Transfers must be at least $250, or the entire Subaccount or Fixed Account if less. The first 15 transfers each Policy year are free. Thereafter, we charge $10 for each transfer.<br>In addition to the right of each portfolio company to impose restrictions on excessive trading, we reserve the right to reject or restrict, in our sole discretion, transfers initiated by a market timing organization or individual or other party authorized to give transfer instructions. We further reserve the right to impose restrictions on transfers we determine, in our sole discretion, will disadvantage or potentially hurt the rights or interest of other Policy Owners.<br>A transfer from the Fixed Account (except made pursuant to a systematic transfer program) may be made only once each Policy Year; may be delayed up to six months and is limited during any Policy Year to the greater of 25% of the Fixed Account value on the date of the transfer during that Policy Year, the greatest amount of any non-systematic transfer out of the Fixed Account during the previous 13 months; or $1,000.<br>Ameritas Life reserves the right to remove or substitute portfolio companies as Investment Options that are available under the Policy. | **[CHARGES](#Charges)**<br>**[GENERAL DESCRIPTION OF THE POLICY](#General_Description)**<br>**[APPENDIX A](#Appendix_A)** |

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Ameritas Advisor II VUL 5

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| | | |
|:---|:---|:---|
| | **Restrictions** | **Location in**<br> **Prospectus** |
| **Optional Benefits** | Some optional benefits were available to be elected at Policy issue only. Optional benefit riders to the Policy may have separate incontestability provisions. Withdrawals reduce the Account Value and in some cases the Specified Amount which may reduce some of the benefits available under riders where the rider benefit is based on the Specified Amount of the base Policy, and make it potentially more likely the entire Policy, including the rider, would lapse. Systematic Transfer Programs such as Dollar Cost Averaging, Portfolio Rebalancing, and Earnings Sweep are also available. You may obtain a loan secured by the Cash Surrender Value of your Policy. Any loan transaction will permanently affect your Account Value. A Policy Loan, whether or not repaid, will affect the Cash Surrender Value of your Policy over time. If the Policy Owner elects to pay the investment Advisory Fees from the Account Value, this will reduce the Account Value and death benefit under the Policy by the same calculation as any other withdrawals, with the exception that the Specified Amount will not be reduced by the amount of these Advisory Fees. In addition, Advisory Fee withdrawals may be subject to federal and state income taxes and may be subject to a 10% federal tax penalty. We may discontinue offering, or modify the terms of, optional benefits for new sales at any time. | **[Cover Page](#Cover_Page)**<br>**[OVERVIEW OF THE POLICY](#Overview_Policy)**<br>**[GENERAL DESCRIPTION OF THE POLICY](#General_Description)**<br>**[THE SEPARATE ACCOUNT](#The_Separate_Account)**<br>**[OTHER BENEFITS UNDER THE POLICY](#Other_Benefits)** |
|  | **Taxes** |  |
| **Tax Implications** | You should consult with a tax professional to determine the tax implications of an investment in and payments received under this Policy.<br>There is no additional tax benefit if you purchase the Policy through a tax-qualified plan or individual retirement account (IRA).<br>Unpaid loans, partial withdrawals and Surrenders may be subject to ordinary income tax and tax penalties. | [**TAXES**](#Taxes) |
|  | **Conflicts of Interest** |  |
| **Investment Professional Compensation** | We and/or an affiliate may pay cash compensation from our own resources pursuant to marketing and education arrangements we have in place with broker-dealers and their marketing organizations. We do not pay commissions to these broker-dealers pursuant to a selling agreement. We do not pay third party investment professionals who charge an advisory fee any commission amounts.<br>Your representative may receive compensation relating to our sale of this Policy to you, both in the form of compensation and additional cash benefits (e.g., bonuses), and non-cash compensation. This conflict of interest provides a financial incentive that may influence your representative to recommend this Policy over another investment for which the representative is not compensated or compensated less. | **[CHARGES](#Charges)**<br>**[DISTRIBUTION OF THE POLICY](#Distribution_Policy)** |
| **Exchanges** | Some representatives may have a financial incentive to offer you a new policy in place of the one you already own. You should only exchange your Policy if you determine, after comparing the features, fees, and risks of both policies, that it is preferable for you to purchase the new Policy rather than continue to own your existing Policy. | **[PRINCIPAL RISKS OF INVESTING IN THE POLICY](#Principal_Risks)**<br>**[PREMIUMS](#Premiums)** |

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**OVERVIEW OF THE POLICY**

 

**purpose of the policy**

 

The **Ameritas Advisor II VUL** Policy is flexible premium variable universal life insurance. The Policy is designed to provide lifetime insurance coverage on the Insured(s) named in the Policy, as well as flexibility in connection with premium payments and death benefits. The Policy pays death benefit proceeds to the Policy Beneficiary upon the Insured's death or pays a Cash Surrender Value to you if you Surrender the Policy. This flexibility allows you to provide for changing insurance needs within the confines of a single insurance Policy.

Some policy forms, features and/or riders described in this prospectus may be subject to state variations or may not be available in all states. See the **STATE VARIATIONS** section**.**

**Premiums**

You have flexibility under the Policy. Within certain limits, you can vary the amount and timing of premium payments, change the death benefit, and transfer amounts among the Investment Options. We reserve the right to limit the amount and frequency of premium payments. We will not issue a Policy to an Insured older than age 80 on the Insured's birthday nearest the Policy Date. We will not accept that portion of a premium payment which affects the tax qualifications of this Policy as described in Section 7702 of the Internal Revenue Code, as amended. This excess amount will be returned to you. **Payment of insufficient premiums may result in a lapse of the Policy.**

You may allocate all or a part of your premiums among the Separate Account Subaccount variable Investment Options or the Fixed Account fixed interest rate option. Subaccount variable Investment Options are in turn invested in corresponding underlying portfolio companies. Fixed Account allocations are invested in our General Account and we guarantee a fixed rate of interest. More information regarding the Fixed Account can be found in section **THE FIXED ACCOUNT FIXED INTEREST RATE OPTION**. More detail concerning each portfolio company can be found in **APPENDIX A.**

Ameritas Advisor II VUL 6

 

**POLICY FEATURES**

**Death Benefit**

Your Policy Value and death benefit will go up or down as a result of the investment experience of your Policy. You may choose from three types of death benefit options. You may change from one death benefit type to another, subject to limitations, and charges may apply. The amount we pay depends on whether you have chosen death benefit Option A, death benefit Option B, or death benefit Option C:

* Option A: The death benefit is the greater of the Policy's Specified Amount of insurance coverage or the Account
Value multiplied by the Corridor Factor on the date of the Insured's death. The amount of this death benefit does not change over time,
unless the death benefit is being driven by the Corridor Factor or you take any action that changes the Policy's Specified Amount.

* Option B: The death benefit is the greater of the Specified Amount of insurance coverage plus the Account Value
or the Account Value multiplied by the Corridor Factor on the date of the Insured's death. Under this option, the amount of death benefit
generally changes from day to day, because many factors (including portfolio investment performance, charges and expenses, premium payments
and withdrawals) affect your Policy Value.

* Option C: The death benefit is the greater of the Specified Amount of insurance coverage plus the sum of premiums
paid minus the sum of partial withdrawals taken; or the Account Value multiplied by the Corridor Factor. If you select Option C and the
sum of partial withdrawals taken is greater than the sum of premiums paid, the death benefit may be less than the Specified Amount.

*Death benefit proceeds are reduced by any Policy Loan Balance, Lien Balance and any Monthly Deductions due but unpaid at death.*

 

**Surrenders and Withdrawals**

You can Surrender the Policy in full at any time for its Cash Surrender Value, or, within limits, withdraw part of the Account Value. Applicable charges are shown in the **FEE TABLE**. Restrictions include that we may defer payments from the Fixed Account for up to six months. In some cases, such as when the Policy's death benefit is driven by the Corridor Factor, withdrawing part of the Account Value may result in a death benefit reduction that is larger than the amount of the partial withdrawal.

**Advisory Fees**

This Policy may be available through third-party financial intermediaries who charge an investment Advisory Fee for their services. These fees are in addition to Policy fees and expenses described in this prospectus. If the Policy Owner elects to pay the investment Advisory Fees from the Account Value, this will reduce the Account Value and death benefit under the Policy by the same calculation as any other withdrawals, with the exception that the Specified Amount will not be reduced by the amount of these Advisory Fees. In some cases, such as when the Policy's death benefit is driven by the Corridor Factor, withdrawing part of the Account Value may result in a death benefit reduction that is larger than the amount of the partial withdrawal. In addition, Advisory Fee withdrawals may be subject to federal and state income taxes and may be subject to a 10% federal tax penalty. You should discuss the impact of deducting advisory fees from Account Value with your financial and tax professional prior to making any election.

**Loans**

You may borrow a limited amount of Account Value. There is no minimum loan amount. The maximum loan amount is the Cash Surrender Value, minus loan interest to the next Annual Date, minus the sum of the next three monthly deductions. Interest accrues on outstanding loan amounts. After the 5<sup>th</sup> Policy year, loans at a lower interest rate may be available for a portion of your Policy Loan Balance.

**Optional Features**

The Policy offers additional insurance coverage and other benefits through optional features. Certain riders have costs associated with them. More detail concerning fees can be found in the **FEE TABLE**.

**FEE TABLE**

The following tables describe the fees and expenses that you will pay when buying, owning, and Surrendering or making withdrawals from the Policy. Please refer to your Policy Specifications Page for information about the specific fees you will pay each year based on the options you have elected.

The fees and expenses do not reflect any investment advisory fees paid to financial professionals from the Account Value or other assets owned by the Policy Owner; if those charges were reflected, the fees and expenses would be higher. 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.

Ameritas Advisor II VUL 7

 

---

| | | |
|:---|:---|:---|
| **TRANSACTION FEES** | **TRANSACTION FEES** | **TRANSACTION FEES** |
| **Charge** | **When Charge Is Deducted** | **Amount Deducted** |
| **MAXIMUM SALES CHARGE IMPOSED ON PREMIUMS (LOAD)\*** | When each premium is paid. | 5.0% |
| **PREMIUM TAXES\*\*** | Not taken as a separate deduction.\*\* |  |
| **MAXIMUM DEFERRED SALES CHARGE (LOAD)** |  |  |
| **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.*

The next table describes the fees and expenses that you will pay periodically during the time that you own the Policy, to equal the annualized charges shown, not including Subaccount portfolio company operating fees and expenses.

---

| | | | |
|:---|:---|:---|:---|
| **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO COMPANY CHARGES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO COMPANY CHARGES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO COMPANY CHARGES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO COMPANY CHARGES** |
| **Charge** | **When Charge Is Deducted** | **Amount Deducted\*** | **Amount Deducted\*** |
| **BASE POLICY CHARGE:** |  | | |
| **Cost of Insurance \*** | Monthly | *(Rate is per $1,000 of the amount of the Net Amount* | *(Rate is per $1,000 of the amount of the Net Amount* |
|  |  | *at Risk)\** |  |
|  |  | Varies <sup>(1)</sup> |  |
|  |  | Minimum Charge | $0.007 monthly |
|  |  | Maximum Charge | $83.33 monthly |
|  |  | Charge for Representative Insured <sup>(2)</sup> | $0.09 monthly |
| **Annual Maintenance Fee** |  |  |  |
| **Mortality and Expense Risk Fees** | Daily | *Risk Charge (for mortality and expense risk equal to*<br> *% shown).* | *Risk Charge (for mortality and expense risk equal to*<br> *% shown).* |
|  |  | Policy Years 1-15 | 0.90% annually |
|  |  | Policy Years 16+ | 0.30% annually |
| **Administrative Expenses** | Monthly | Specified Amounts $100,00 - $249,999 | $25.00 monthly |
|  |  | Specified Amounts $250,000+ | $25.00 monthly |
| **Monthly Specified Amount Charge** | Monthly | *Rates are per $1,000 of base Policy Specified Amount.* | *Rates are per $1,000 of base Policy Specified Amount.* |
|  |  | Level charge during the first 20 Policy years or the first | Level charge during the first 20 Policy years or the first |
|  |  | 20 Policy years after an increase in base Policy | 20 Policy years after an increase in base Policy |
|  |  | Specified Amount. |  |
|  |  | Varies <sup>(3)</sup> |  |
|  |  | Policy Year 2 |  |
|  |  | Minimum Charge | $0.05 monthly |
|  |  | Maximum Charge | $0.34 monthly |
|  |  | Charge for Representative Insured <sup>(2, 4)</sup> | $0.05 monthly |
| **Accelerated Benefit for Terminal Illness Rider** | When Benefit Exercised | 0.5% of the accelerated benefit | 0.5% of the accelerated benefit |
| **Paid-Up Insurance Benefit Endorsement** | When Benefit Exercised <sup>(5)</sup> | Calculated as a percentage times the Account Value. | 3.5% |
| **Loans for Policies Dated Prior to** <br> **January 1, 2022** | Annually | *Loan interest rate is deducted upon each Policy Anniversary. <sup>(6)</sup>* | *Loan interest rate is deducted upon each Policy Anniversary. <sup>(6)</sup>* |
|  |  | *Regular Loans - Net loan interest rate during the first 5 Policy Years <sup>(7)</sup>* | *Regular Loans - Net loan interest rate during the first 5 Policy Years <sup>(7)</sup>* |
|  |  | Current | 1.0% annually |
|  |  | Maximum | 1.0% annually |
|  |  | *Preferred Loans - Net loan interest rate after the first 5 Policy years, only on a portion of the Policy Loan Balance <sup>(7)</sup>* | *Preferred Loans - Net loan interest rate after the first 5 Policy years, only on a portion of the Policy Loan Balance <sup>(7)</sup>* |
|  |  | Current | 0.0% annually |
|  |  | Maximum | 0.5% annually |

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Ameritas Advisor II VUL 8

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| | | | |
|:---|:---|:---|:---|
| **Charge** | **When Charge Is Deducted** | **Amount Deducted\*** | **Amount Deducted\*** |
| **Loans for Policies Dated On or After January 1, 2022** | Annually | *Loan interest rate is deducted upon each Policy Anniversary. <sup>(6)</sup>* | *Loan interest rate is deducted upon each Policy Anniversary. <sup>(6)</sup>* |
|  |  | *Regular Loans - Net loan interest rate during the first 5 Policy Years <sup>(8)</sup>* | *Regular Loans - Net loan interest rate during the first 5 Policy Years <sup>(8)</sup>* |
|  |  | Current | 1.0% annually |
|  |  | Maximum | 3.0% annually |
|  |  | *Preferred Loans - Net loan interest rate after the first 5 Policy Years, only on a portion of the Policy Loan Balance <sup>(8)</sup>* | *Preferred Loans - Net loan interest rate after the first 5 Policy Years, only on a portion of the Policy Loan Balance <sup>(8)</sup>* |
|  |  | Current | 0.0% annually |
|  |  | Maximum | 2.5% annually |
| **OPTIONAL BENEFIT CHARGES:** |  |  |  |
| **Children's Insurance Rider** | Monthly | *Rate is a per $1,000 of the rider benefit Amount.* | $0.48 monthly |
| **Waiver of Monthly Deduction Rider** | Monthly | *Rates are per $100 of the Monthly Deduction.* |  |
|  |  | Varies <sup>(1)</sup> |  |
|  |  | Minimum | $1.48 monthly |
|  |  | Maximum | $17.28 monthly |
|  |  | Charge for Representative Insured <sup>(9)</sup> | $2.34 monthly |

---

*\*The cost of insurance and several of the charges vary based on individual characteristics. The cost shown for these charges may not be representative of the charge you will pay. Ask for a Policy illustration or see your Policy for the charge applicable to you.*

 

*Periodic Charges Table Footnotes:*

 

*(1)* *Rate varies by Insured's gender, rate class and Attained Age.* 

*(2)* *"Charge for Representative Insured" charges assume an Insured who is male, best rate class, age 35 when the Policy is issued, a Specified Amount of $1,000,000 and that the Policy is in its second Policy year.* 

*(3)* *Rate varies by Insured's gender, Issue Age, rate class, Specified Amount and the amount of time you have had your Policy.* 

*(4)* *The annual rate is $0.5785440 in years 1 through 20 and $0.00 thereafter. These same rates would apply for an increase in Specified Amount at Attained Age 35.* 

*(5)* *This endorsement is standard if the Policy Owner elects the guideline premium test ("GPT") on the application. This endorsement is not available if the Policy Owner elects the cash value accumulation test ("CVAT") on the application. This fee is charged when the Paid-Up Insurance Benefit Endorsement is exercised.* 

*(6)* *If there is no loan on the Policy, there is no loan interest charged. Net interest rate varies based on whether the Policy is in the first 5 Policy Years or after the first 5 Policy Years.* 

*(7)* *Interest rates charged on amounts borrowed from the Policy, net of 3.0% annual credited interest rate.* 

*(8)* *Interest rates charged on amounts borrowed from the Policy, net of 1.0% guaranteed annual credited interest rate or 3.0% current annual credited interest rate.* 

*(9)* *"Charge for Representative Insured" charges assume an Insured who is male, best rate class, age 35 when the rider is issued, a base Policy Specified Amount of $1,000,000 and that the rider coverage is in its second year.* 

We currently do not assess a separate charge against our Separate Account or Fixed Account for any income taxes. We may, however, make such a charge in the future if income or gains within the Separate Account will incur any income tax liability, or if tax treatment of our Company changes.

**Portfolio Company Operating Expenses (for the year ended December 31, 2022, unless noted)**

The next table shows the minimum and maximum total operating expenses charged by the portfolio companies, before and after any waivers or reductions, that you may pay periodically during the time that you own the Policy. Actual fees and expenses for the underlying portfolios vary daily, so expenses for any given day may be greater or less than listed. A complete list of portfolio companies available under the Policy, including their annual expenses, may be found at the back of this document.

---

| | | |
|:---|:---|:---|
| **ANNUAL PORTFOLIO COMPANY EXPENSES**<br> **Expenses that are deducted from portfolio company assets, including management fees, distribution and/or service (12b-1) fees, and other expenses** | **Minimum** | **Maximum** |
| Before any Waivers and Reductions | [%] | [%] |
| After any Waivers and Reductions | [%] | [%] |

---

 

[The fee waiver is expected to last one year and can be terminated at any time by the portfolio company.]

**PRINCIPAL RISKS OF INVESTING IN THE POLICY**

**Not a Short-Term Investment**

***The Policy is unsuitable for short-term savings or short-term life insurance needs and is subject to investment risk, including the loss of principal*.** This Policy is not considered a short-term investment because of the possibility of a tax penalty at the time of Surrender. Funds allocated to the Fixed Account are subject to the claims paying ability of the Company. You should evaluate the Policy's long-term investment potential and risks before purchasing a Policy. You should purchase a Policy only if you have the financial capability and the intent to keep the Policy in force for a substantial period of time.

Ameritas Advisor II VUL 9

**Portfolio Company Risk of Loss**

Your Account Value will fluctuate with changes in the Fixed Account interest rates and the performance of the Investment Options you choose. You assume the risk that your Account Value may decline or not perform to your expectations. Each underlying portfolio has various investment risks and some have greater risks than others.

There is no assurance that any underlying portfolio will meet its objectives. **Prospectuses for Investment Options are available at our website,** **ameritasdirect.com/prospectuses** **or by calling 800-255-9678.**

**Fixed Account Risks**

The Fixed Account is part of the General Account of Ameritas Life Insurance Corp. The obligations of the General Account include any interest credited to the Fixed Account, and any guaranteed benefits we may provide under the Policy that exceed the value of amounts held in the Separate Account, are subject to the claims of our creditors, the financial strength and the claims paying ability of the Company. The General Account is not a bank account and it is not insured by the FDIC or any other government agency.

**Insurance Company Risks**

Ameritas Life has sole legal responsibility to pay amounts that are owed under the Policy. You should look to the financial strength of Ameritas Life for its claims-paying ability. We are also exposed to risks related to natural and human-made disasters or other events, including (but not limited to) earthquakes, fires, floods, storms, epidemics and pandemics (such as COVID-19), terrorist acts, civil unrest, malicious acts and/or other events that could adversely affect our ability to conduct business. The risks from such events are common to all insurers. To mitigate such risks, we have business continuity plans in place that include remote workforces, remote system and telecommunication accessibility, and other plans to ensure availability of critical resources and business continuity during an event. Such events can also have an adverse impact on financial markets, U.S. and global economies, service providers, and Fund performance for the portfolios available through your Policy. There can be no assurance that we, the Funds, or our service providers will avoid such adverse impacts due to such event and some events may be beyond control and cannot be fully mitigated or foreseen.

**Surrender Risks**

The Policy is designed to provide lifetime insurance protection. Depending on the Account Value at the time you are considering Surrender, there may be little or no Cash Surrender Value payable to you. Surrender of a Policy while a loan is outstanding could result in significant tax consequences. A surrender before age 59 ½ may also result in tax penalties. Following a full Surrender, all your rights in the Policy end, and the Policy may not be reinstated.

**Partial Withdrawal Risks**

Upon a partial withdrawal from your Policy, we will deduct a Partial Withdrawal Charge. This fee will be deducted from the Investment Options and in the same allocation as your partial withdrawal allocation instruction; if that is not possible (due to insufficient value in one of the Investment Options you elect) or you have not given such instructions, we will deduct this fee on a Pro-Rata basis from balances in all Subaccounts and the Fixed Account. Partial withdrawals may reduce the amount of the death benefit. In some cases, such as when the Policy's death benefit is driven by the Corridor Factor, the death benefit may be reduced by more than the amount of the partial withdrawal. Taxes and tax penalties may apply.

**Advisory Fee Risks**

This Policy may be available through third-party financial intermediaries who charge an investment advisory fee for their services. These fees are in addition to Policy fees and expenses described in this prospectus. If the Policy Owner elects to pay the investment Advisory Fees from the Account Value, this will reduce the Account Value and death benefit under the Policy by the same calculation as any other withdrawals, with the exception that the Specified Amount will not be reduced by the amount of these Advisory Fees. In some cases, such as when the Policy's death benefit is driven by the Corridor Factor, withdrawing part of the Account Value may result in a death benefit reduction that is larger than the amount of the partial withdrawal. In addition, Advisory Fee withdrawals may be subject to federal and state income taxes and may be subject to a 10% federal tax penalty. The Internal Revenue Service has not ruled on the use of this endorsement. We strongly urge you to consult legal counsel and your personal tax and financial professional. For more information, see Advisory Fee Endorsement under **OTHER BENEFITS UNDER THE POLICY,** Partial Withdrawals and Advisory Fees under **SURRENDERS AND WITHDRAWALS,** and **TAXES.**

**Lapse Risks**

If the Cash Surrender Value is not sufficient to pay charges when due, your Policy can terminate, or "lapse." This can happen if you have not paid enough premiums or if the Investment Options you selected experienced poor performance or because of a combination of both factors. This can happen even if you pay the Planned Periodic Premiums. You will be given a "grace period" within which to make additional premium payments to keep the Policy from lapsing. You will have a 61 day "grace period" to make a premium payment to continue your Policy. If your Policy lapses, your insurance coverage will terminate; you may be given the opportunity to reinstate the Policy by making the required premium payments and satisfying certain other conditions.

Since partial withdrawals reduce your Account Value, partial withdrawals increase the risk of lapse. Taking a Policy Loan also increases the risk of lapse.

If the Policy lapses because a grace period ended without a sufficient payment being made, you may reinstate it within five years of the date of lapse, so long as the Insured is Attained Age 80 or less and the requirements of reinstatement are met, including evidence of insurability. For more information see REINSTATEMENT under **LAPSE AND REINSTATEMENT**.

Ameritas Advisor II VUL 10

**Death Benefit Risks**

Death benefit proceeds are reduced by any Policy Loan Balance, Lien Balance, and any Monthly Deductions due but unpaid at death. Depending upon your choice of Death Benefit Option, adverse performance of the Investment Options you choose may decrease your Policy's Death Benefit. In some cases, such as when the Policy's death benefit is driven by the Corridor Factor, the death benefit may be reduced by more than the amount of the partial withdrawal (including Advisory Fee withdrawals).

**Loan Risks**

A Policy Loan, whether or not repaid, will affect the Cash Surrender Value of your Policy over time. We will transfer all loan amounts from the Subaccounts and the Fixed Account to a Loan Account. The Loan Account does not participate in the investment experience of the Investment Options or receive any higher current interest rate credited to the Fixed Account.

The larger a Policy Loan Balance becomes relative to the Policy's Cash Surrender Value, the greater the risk that the Policy's Cash Surrender Value will not be sufficient to support the Policy's charges and expenses, including any loan interest due, and the greater the risk of the Policy lapsing. Any loan interest payable on a Policy Anniversary that you do not pay will become part of the outstanding Policy Loan principal and will also accrue interest.

Further, the death benefit is reduced by the amount of any outstanding loan and accrued loan interest.

Your Policy may lapse if your outstanding loan and accrued loan interest reduce the Cash Surrender Value to zero. There is a tax risk associated with outstanding debt. If you Surrender your Policy or your Policy lapses while there is an outstanding loan, there will generally be Federal income tax payable on the amount by which loans and partial withdrawals exceed the premiums paid. Since loans reduce your Policy's Account Value, any remaining Account Value may be insufficient to pay the income tax due and may cause the need for additional premium to keep your Policy in force.

**Limitations on Access to Cash Value**

There is no minimum loan amount. We limit partial withdrawals to a minimum of $100 and a maximum such that the remaining Cash Surrender Value is at least an amount sufficient to maintain the Policy in force for the next three months. Loans may only be taken if your Cash Surrender Value; less loan interest on the Policy Loan Balance including the requested loan to the next Annual Date; less the sum of the next three Monthly Deductions, is sufficient to keep your Policy in force. We may defer making a loan for up to six months unless the loan is to pay premiums to us. We can postpone payments or any transfers out of a Subaccount if (i) the New York Stock Exchange (NYSE) is closed for other than customary weekend and holiday closings; (ii) trading on the NYSE is restricted; (iii) an emergency exists as determined by the SEC; (iv) or the SEC permits delay for the protection of security holders. We may defer payments of a full or partial Surrender from the Fixed Account for up to six months from the date we received your Written Notice requesting the Surrender and receive approval from the department of insurance of the State where the Policy is delivered. The applicable rules of the SEC will govern as to whether the conditions in (iii) or (iv) exist.

**Transfer Risks**

There is a risk that you will not be able to transfer your Account Value from one Investment Option to another because of limits on the dollar amount or frequency of transfers you can make which the portfolio companies impose. We are required to restrict or prohibit transfer by Policy Owners identified as having engaged in transactions that violate fund trading policies. You should read each portfolio company's prospectus for further details. Limitations on transfers out of the Fixed Account are more restrictive than those that apply to transfers out of the Subaccounts.

To discourage disruptive frequent trading activity, we impose restrictions on transfers (See the **Disruptive Trading Procedures** section) and reserve the right to change, suspend or terminate telephone, facsimile and Internet transaction privileges (See the **Transfers** section). In addition, we reserve the right to take other actions at any time to restrict trading, including, but not limited to: (i) restricting the number of transfers made during a defined period, (ii) restricting the dollar amount of transfers, and (iii) restricting transfers into and out of certain Subaccounts. We also reserve the right to defer a transfer at any time we are unable to purchase or redeem shares of the underlying portfolio.

While we seek to identify and prevent disruptive frequent trading activity, it may not always be possible to do so. *Therefore, no assurance can be given that the restrictions we impose will be successful in preventing all disruptive frequent trading and avoiding harm to long-term investors.*

**Potential for Increased Charges**

The actual charges deducted are current charges on your Policy. However, we have the right to increase those charges at any time up to the guaranteed maximum charges as stated in your Policy.

**Market Timing Risks**

Investments in variable life insurance products can be a prime target for abusive transfer activity because these products value their Subaccounts on a daily basis and allow transfers among Subaccounts without immediate tax consequences. As a result, some investors may seek to frequently transfer into and out of Subaccounts in reaction to market news or to exploit a perceived pricing inefficiency. Whatever the reason, long-term investors in a Subaccount can be harmed by frequent transfer activity since such activity may expose the Investment Option's underlying portfolio to increased portfolio

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transaction costs and/or disrupt the portfolio manager's ability to effectively manage the portfolio's investments in accordance with the portfolio's investment objectives and policies, both of which may result in dilution with respect to interests held for long-term investment.

**Tax Risks**

We believe the Policy qualifies as a life insurance contract for Federal tax purposes; so that death benefits for individually owned life insurance generally are not subject to income tax, and you should not be considered in constructive receipt of the Cash Surrender Value, including any increases in Cash Surrender Value, unless and until it is distributed from the Policy. Other federal and state taxes may apply. In general, you will be taxed on the amount of a distribution if it exceeds the investment in the Policy (premiums paid). Any taxable distributions are treated as ordinary income (rather than as capital gains) for tax purposes.

In order for you to receive the tax benefits extended to life insurance under the Internal Revenue Code (the "Code"), your Policy must comply with certain requirements of the Code. We will monitor your Policy for compliance with these requirements, but a Policy might fail to qualify as life insurance in spite of our monitoring. If this were to occur, you would be subject to income tax on the income credited to your Policy for the period of disqualification and all subsequent periods. Tax consequences of Ownership or receipt of Policy proceeds under federal, state and local estate, inheritance, gift and other tax laws can vary greatly depending upon the circumstances of each Owner or Beneficiary. There can also be unfavorable tax consequences on such things as the change of Policy Ownership or assignment of Ownership interests. Limits on premium payments and Treasury Department rules could also impact whether the Policy will qualify for the benefits extended to life insurance under the Code. There is no certainty that the expected benefits of life insurance, relative to other financial or investment products, will always continue to exist. We reserve the right to make such changes in the Policy as we deem necessary to assure it qualifies as a life insurance contract under the Code and continues to provide the tax benefits of such qualification.

***Buying a Policy might <u>not</u> be advisable if it is just replacing existing life insurance. You may wish to consult with your financial or insurance professional.***

**Cybersecurity Risk**

We are at risk for cyber security failures or breaches of our information and processing systems and the systems of our business partners that could have negative impacts on you. These impacts include, but are not limited to, potential financial losses under your Policy, your inability to conduct transactions under your Policy, our inability to calculate your Policy's values, and the disclosure of your personal or confidential information. For more information about these cyber security risks, see the Statement of Additional Information.

**Restrictions on Financial Transactions**

Applicable laws designed to counter terrorism and prevent money laundering might, in certain circumstances, require us to reject a premium payment and/or block or "freeze" your Policy. If these laws apply in a particular situation, we would not be allowed to process any request for withdrawals, Surrenders, loans or death benefits, make transfers or continue making payments under your death benefit option until instructions are received from the appropriate regulator. We also may be required to provide additional information about you or your Policy to government regulators.

**Other Matters**

Pandemics and their related major public health issues have a major impact on the global economy and financial markets. Governmental and non-governmental organizations may not effectively combat the spread and severity of such a pandemic, increasing its harm to Ameritas Life. Any of these events could materially adversely affect the Company's operations, business, financial results, or financial condition.

<br> **THE COMPANY**

The **AMERITAS ADVISOR II VUL** Policy is offered and issued by Ameritas Life Insurance Corp. (the "Depositor"), 5900 O Street, Lincoln, Nebraska 68510.

**THE SEPARATE ACCOUNT** 

The Registrant is Ameritas Life Insurance Corp. Separate Account LLVL (the "Registrant"). The Registrant is registered with the SEC as a unit investment trust. However, the SEC does not supervise the management or the investment practices or policies of the Registrant or the Depositor. Under Nebraska law, income, gains, and losses credited to or charged against, the Registrant reflect the Registrant's own investment experience and not the investment experience of the Depositor's other assets. The assets of the Registrant may not be used to pay any liabilities of the Depositor other than those arising from the Policies. The Depositor is obligated to pay all amounts promised to investors under the Policies. Any and all distributions made by the underlying portfolios, with respect to the shares held by the Registrant, will be reinvested in additional shares at net asset value. We are responsible to you for meeting the obligations of the Policy, but we do not guarantee the investment performance of any of the variable Investment Options' underlying portfolios. We do not make any representations about their future performance.

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The Registrant provides you with variable Investment Options in the form of underlying portfolio investments. Each underlying portfolio is an open-end investment management company. When you allocate investments to an underlying portfolio, those investments are placed in a Subaccount of the Registrant corresponding to that portfolio, and the Subaccount in turn invests in the portfolio. The Policy Value of your Policy depends directly on the investment performance of the portfolios that you select.

**PORTFOLIO COMPANIES** 

The Policy allows you to choose from a wide array of Investment Options – each chosen for its potential to meet specific investment objectives.

You may allocate all or a part of your premiums among the Separate Account variable Investment Options or the Fixed Account fixed interest rate option. Allocations must be in whole percentages and total 100%.

Information regarding each Portfolio Company, including its (i) its name; (ii) it's objective; (iii) investment adviser and any sub-investment advisers; (iv) current expenses; and (v) performance is found in **APPENDIX A.** Each Portfolio Company has issued a prospectus that contains more detailed information about the Portfolio Company. You may obtain paper copies of the prospectuses at no cost by calling our Service Center at 800-255-9678 or by sending an email request to ALICTD@ameritas.com.

You may also view the prospectuses on our website at ameritasdirect.com/prospectuses**.**

**The value of your Policy will increase or decrease based on the investment performance of the variable Investment Options you choose.** The investment results of each variable Investment Option are likely to differ significantly and vary over time. They do not earn a fixed interest rate. Please consider carefully, and on a continuing basis, which Investment Options best suit your long-term investment objectives and risk tolerance.

<u>You bear the risk that the variable Investment Options you select may fail to meet their objectives,</u>

<u>that they could decrease in value, and that you could lose principal</u>.

***There is no assurance the investment objectives will be met*.** An investment in money market funds is neither insured nor guaranteed by the U.S. Government. There can be no assurance that the funds will be able to maintain a stable net asset value of $1.00 per share.

Each Subaccount's underlying portfolio operates as a separate variable Investment Option, and the income or losses of one generally has no effect on the investment performance of any other. Restrictions and other material information related to an investment in the variable Investment Option are contained in the prospectuses for each of the underlying portfolios.

**The underlying portfolios in the Separate Account are NOT publicly traded mutual funds and are NOT the same as other publicly traded mutual funds with very similar names.** The portfolios are only available as separate account Investment Options in life insurance or variable annuity policies issued by insurance companies, or through participation in certain qualified pension or retirement plans.

Even if the Investment Options and policies of some underlying portfolios available under the Policy may be very similar to the investment objectives and policies of publicly traded mutual funds that may be managed by the same investment adviser, the investment performance and results of the portfolios available under the Policy may vary significantly from the investment results of such other publicly traded mutual funds.

**VOTING RIGHTS**

As a Policy Owner, you may have voting rights in the portfolios whose shares underlie the Subaccounts in which you invest. You will receive proxy material, and have access to reports, and other materials relating to each underlying portfolio in which you have voting rights. If you send us written voting instructions, we will follow your instructions in voting the Portfolio shares attributable to your Policy. If you do not send us written instructions, we will vote those shares in the same proportions as we vote the shares for which we have received instructions from other Policy Owners. We will vote shares that the Company beneficially holds in the same proportions as we vote the shares for which we receive instructions from other Policy Owners, this is known as "proportionate voting". As a result of proportionate voting, a small number of Policy Owners could determine the outcome of a shareholder vote. The underlying portfolios may not hold routine annual shareholder meetings.

**THE FIXED ACCOUNT FIXED INTEREST RATE OPTION**

There is one fixed interest rate option ("Fixed Account"), where we bear the investment risk. If your Policy Date is prior to January 1, 2022, we guarantee that you will earn a minimum interest rate that will yield at least 3.0% per year,

Ameritas Advisor II VUL 13

compounded annually. If your Policy Date is on or after January 1, 2022, we guarantee that you will earn a minimum interest rate that will yield at least 1.0% per year, compounded annually. We may declare a higher current interest rate. However, you bear the risk that we will not credit more interest than will yield the minimum guaranteed rate per year for the life of the Policy. The Company sets the interest rate which is not tied to a benchmark or other formula. You may obtain the current declared interest rate for the Fixed Account at no cost by calling 800-255-9678 or by sending an email request to ALICTD@ameritas.com.

All amounts allocated to the Fixed Account become assets of our General Account and are subject to the Company's claims paying ability. You should look solely to the financial strength of the Company for its claims-paying ability. Funds invested in the Fixed Account have not been registered and are not required to be registered under the Securities Act of 1933. The Fixed Account is not required to register as an investment company under the Investment Company Act of 1940 and is not registered as an investment company under the Investment Company Act of 1940. The Fixed Account is subject to generally applicable provisions of the Federal Securities laws regarding accuracy and completeness of disclosures.

We have sole discretion over how assets allocated to the Fixed Account are invested, and we bear the risk that those assets will perform better or worse than the amount of interest we have declared. Refer to the Policy for additional details regarding the Fixed Account.

The value of the Fixed Account, along with the value in the Separate Account variable Investment Options and the Loan Account, constitute the total Policy Value. Unlike value in the Separate Account variable Investment Options, there are no Mortality and Expense Risk Fees deducted from the Fixed Account. Transfers and Systematic Transfer Programs may be limited to the terms defined in the **TRANSFERS** and **SYSTEMATIC TRANSFER PROGRAMS** sections under the **GENERAL DESCRIPTION OF THE POLICY.** Decreases in the Fixed Account value as a result of Transfer, Systematic Transfer Programs, partial withdrawals (including Advisory Fees), and loans, because they affect Policy Value, could result in reductions in the amount of benefit, or lead to lapse of the Policy and riders. Additional information regarding how the value of the Fixed Account is calculated may be found in the **POLICY VALUE** section under **PREMIUMS**.

**CHARGES** 

The following repeats and adds to information provided in the **FEE TABLE** section where the amount of each charge is shown. Please review both prospectus sections, and the Policy, for information on charges. For those Policies issued on a unisex basis in certain states or in certain cases, gender-distinct rates do not apply. Certain charges expressly permit you to designate the Investment Options from which the charge is to be deducted. If there are insufficient funds in such a designated Investment Option, and for all other charges deducted from total Account Value, charges are deducted Pro-Rata from your selected Subaccount and Fixed Account Investment Options. Any current charge that is less than the applicable maximum may be increased subject to the guaranteed maximum charge.

The fees and expenses do not reflect any investment advisory fees paid to financial professionals from the Account Value or other assets owned by the Policy Owner; if those charges were reflected, the fees and expenses would be higher.

**Transaction FEES**

**<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 2.0% 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>Maximum Deferred Sales Charge (Load)</u>**

This Policy has no Maximum Deferred Sales Charge (Load).

**<u>Other Surrender Fees</u>**

**Partial Withdrawal Charge**

Upon a partial withdrawal from your Policy, we may assess a partial withdrawal charge. This fee will be deducted from the Investment Options and in the same allocation as your partial withdrawal allocation instruction; if that is not possible (due to insufficient value in one of the Investment Options you elect) or you have not given such instructions, we will deduct this fee on a Pro-Rata basis from balances in all Subaccounts and the Fixed Account. This helps cover our administrative costs for withdrawals from your Policy. Taxes and tax penalties may apply. We currently do not charge for early withdrawals but may in the future charge up to $50.

**Wire Transfer Fee**

We charge a $14 wire transfer fee if you request a wire transfer when requesting a loan, partial withdrawal or Surrender. The fee is deducted from the gross amount of the loan, partial withdrawal or Surrender.

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**<u>Transfer Fees</u>**

We may charge a transfer fee for any transfer in excess of 15 transfers per Policy year. This fee may be deducted only from Policy Investment Options you designate; if that is not possible (due to insufficient value in an Investment Option you elect) or you have not provided such instructions, we will deduct this fee on a Pro-Rata basis from balances in all Subaccounts and the Fixed Account.

**<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.

**PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO COMPANY CHARGES**

The following charges are deducted from Policy Value on each Policy Month date unless otherwise specified.

**<u>Base Policy Charge</u>**

**Cost of Insurance Charge**

The cost of insurance rate per $1,000 of Net Amount at Risk cannot exceed the guaranteed cost of insurance rate that is set forth in the Policy. The maximum cost of insurance each month can be determined by using the guaranteed cost of insurance rate in the formula for cost of insurance, below.

The cost of insurance charge is for providing insurance protection under the Policy. Because the cost of insurance charge depends upon several variables, the cost for each Policy can vary from month to month. The cost of insurance rate for the Specified Amount of insurance coverage varies by the Insured's gender, Issue Age, rate class, Specified Amount and the length of time the Policy has been in force. The cost of insurance rate for an increase in Specified Amount varies by the Insured's gender, age and rate class at the time of the increase, Specified Amount and the length of time the Policy has been in force since the increase. We may use current cost of insurance rates less than those shown in the Policy, and reserve the right to change them so long as they do not exceed the maximum rates shown in the Policy. Changes will apply equally to similarly situated Policy Owners and be based on changes in future expectations of factors such as investment earnings, mortality, persistency, and expenses. We expect a profit from this charge. Ask for a Policy illustration or see your Policy for the charge(s) applicable to you.

The *Cost of Insurance* each month equals:

▪ The Net Amount at Risk for the month; multiplied by

▪ The cost of insurance rate per $1,000 of Net Amount at Risk; divided by

▪ $1,000.

The *Net Amount at Risk* in any month equals:

▪ The death benefit on the Policy Month date, discounted at the guaranteed rate of interest for the Fixed Account for one month; minus

▪ The Policy Value on the Policy Month date after deducting the charge for any optional features selected and the administrative charges
but not the cost of insurance charge.

**Mortality and Expense Risk Fees**

The Mortality and Expense Risk Fees are for the mortality risks we assume – that Insureds may live for shorter periods of time than we estimate, and also compensates us for the Policy expense risks we assume. If this charge exceeds our actual costs to cover these risks, the excess goes to our General Account. Conversely, if this charge is not enough, we bear the additional expense, not you. See the **FEE TABLE** for the maximum charge. The current charge is 0.70% in years 1 through 15 and 0.10% thereafter. This charge is applied daily to Separate Account assets in determining the daily Accumulation Unit value of each Subaccount. We expect a profit from this charge.

**Administrative Expenses**

The administrative expense charge is deducted on each Monthly Date to partially compensate us for our costs in issuing and administering the Policy and operating the Separate Account. See the **Fee Table** for the maximum charge. The current monthly charges are as follows. We do not anticipate making a profit from these charges.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Specified Amounts $100,000 - $249,999 | is $15.00. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Specified Amounts $250,000 + | is $12.50. |

---

**Monthly Specified Amount Charge**

For certain rate classes and Issue Ages, the maximum cost of insurance rates and other Policy charges are insufficient to cover our costs in issuing and administering the Policy, operating the Separate Account and providing the benefits under the Policy. The Specified Amount charge partially compensates us for these costs. We do not anticipate making a profit from this charge. The maximum monthly Specified Amount charge, if any, is shown on your Policy schedule. Any increase in Specified Amount will result in an additional monthly Specified Amount charge, unless the applicable rate at the time of the increase is zero.

**Accelerated Benefit for Terminal Illness Rider**

This rider provides as much as 50% of the death benefit, up to $500,000 when the Insured is terminally ill and is anticipated to live less than one year. There is no cost for this rider. The payment of any accelerated benefit under this

Ameritas Advisor II VUL 15

rider is subject to an administrative fee not to exceed 0.5% of the accelerated benefit. The current maximum administrative fee is $250. For additional information on this rider, see the **OPTIONAL BENEFITS UNDER THE POLICY** section.

**Paid-Up Insurance Benefit Endorsement**

The benefit provided by this endorsement will keep your Policy from lapsing when you have a large outstanding Policy Loan Balance. We will deduct 3.5% of the Policy Value on the date you elect this benefit. For additional information on this rider, see the **OPTIONAL BENEFITS UNDER THE POLICY** section.

**Loans**

If you borrow from your Account Value, interest accrues on outstanding loan amounts. After five Policy years, a lower interest rate may be available for a portion of your Policy Debt. See the **LOANS** section for more information on applicable interest rates.

**<u>Optional Benefit Charges</u>**

The cost for any optional features you select (sometimes called Policy "Riders") is also deducted monthly from Policy Value. See the **FEE TABLE** for information about the costs of these features, and refer to **OTHER BENEFITS UNDER THE POLICY** for descriptions of these features. Optional features may not be available in all states.

**<u>DISTRIBUTION COMPENSATION</u>**

We and/or an affiliate may pay cash compensation from our own resources pursuant to marketing and education arrangements we have in place with broker-dealers and their marketing organizations. We may provide up to 25% of first year target premium and 1% of premiums above that amount paid in the first Policy year for such marketing and education services, pursuant to these arrangements. We do not pay commissions to these broker-dealers pursuant to a selling agreement. You may ask your financial professional how he/she will personally be compensated for the transaction.

**<u>Portfolio Company Charges</u>**

Each Subaccount's underlying portfolio has investment advisory expenses. These expenses, as of the end of each portfolio's last fiscal year, are stated in this prospectus' **APPENDIX A** and described in more detail in each fund's prospectus. A portfolio's charges and expenses are not deducted from your Account Value. Instead, they are reflected in the daily value of portfolio shares which, in turn, will affect the daily Accumulation Unit value of the Subaccounts. These charges and expenses help to pay the portfolio's investment adviser and operating expenses.

**GENERAL DESCRIPTION OF THE POLICY**

**THE PARTIES**

**<u>Insured</u>**

The Insured is the person upon whose life this Policy is issued. This individual's personal information determines the cost of the life insurance coverage. The Owner also may be the Insured.

**<u>Owner</u>**

The Owner (also referred to as Policy Owner) is the person(s) or legal entity who may exercise all rights and privileges under the Policy. If there are joint Owners, the signatures of both Owners are needed to exercise rights under the Policy. If the Policy has been absolutely assigned, the assignee is the Owner. A collateral assignee is not the Owner.

**<u>Beneficiary</u>**

The Beneficiary will receive the death benefit proceeds when the Insured dies. You name the primary Beneficiary and any contingent beneficiaries in your application. If no primary Beneficiary is living when the Insured dies, we will pay to the contingent Beneficiary. If no contingent Beneficiary is living when the Insured dies, we will pay you or your estate. Unless otherwise provided, if any Beneficiary dies within 30 days after the Insured dies as the result of a common disaster, we will pay the death benefit proceeds as if that Beneficiary died first.

Unless your Beneficiary designation provides otherwise, we will follow these rules:

▪ We will pay equal shares when more than one Beneficiary of the same class is to share the funds.

▪ No revocable Beneficiary has rights in this Policy until the Insured dies.

▪ An irrevocable Beneficiary cannot be changed without his or her consent.

▪ The interest of any Beneficiary is subject to the rights of any assignee shown on our records.

▪ When beneficiaries are not shown by name (such as "children"), we may find who they are from sworn statements and not wait
for court records.

You may change your Beneficiary at any time while the Insured is living by sending Written Notice to us. We must approve any change. If approved, the change will be effective as of the date you signed the Written Notice. We will not be liable for any payments we make or actions we take before the change is approved.

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**<u>Minor Owner or Beneficiary</u>**

Generally, a minor may not own the Policy solely in the minor's name and cannot receive payments directly as a Policy Beneficiary. In most states parental status does <u>not</u> automatically give parents the power to provide an adequate release to us to make beneficiary payments to the parent for the minor's benefit. A minor can "own" a Policy through the trustee of a trust established for the minor's benefit, or through the minor's named and court appointed guardian, who owns the Policy in his or her capacity as trustee or guardian. Where a minor is a named Beneficiary, we may be able to pay the minor's beneficiary payments to the minor's trustee or guardian. Some States allow us to make such payments up to a limited amount directly to parents. Parents seeking to have a minor's interest made payable to them for the minor's benefit are encouraged to check with their local court to determine the process to claim proceeds on behalf of the minor; it is often a very simple process that can be accomplished without the assistance of an attorney. If there is no adult representative able to give us an adequate release for payment of the minor's beneficiary interest, we will retain the minor's interest on deposit until the minor attains the age of majority.

**State Variations**

Certain features of your Policy may be different than the features described in the prospectus if your Policy is issued in the state or district described below. Further variations may arise; the variations are subject to change without notice.

<u>California</u>

Requires a special Policy Cover for seniors age 60 and over with a 30 day free look period.

<u>Florida</u>

Reduced Paid-Up Life Insurance: Exchange for a reduced paid-up Policy is available.

Grace Period: 30 day grace period.

Reinstatement: The policy may be put back in force by Written Notice within three years.

Accelerated Death Benefit Terminal Illness Rider: Administrative Fee is $100.

<u>North Dakota</u>

Policy Right to Examine Provision: 20 day free look.

**Allocating Premium**

You may allocate your premiums among the variable Investment Options (the Subaccounts) and the Fixed Account fixed interest rate option. Initial allocations in your Policy application will be used for additional premiums until you change your allocation instructions.

▪ Allocations must be in whole percentages and total 100%.

▪ You may change your allocation by sending us Written Notice or through an authorized telephone transaction
or online transaction. The change will apply to premiums received on or after the date we receive your Written Notice or authorized telephone
transaction.

▪ All premiums will be allocated pursuant to your instructions on record with us, except your initial
premium and any additional premiums received during your Policy's Right to Examine Transfer Date.

Prior to the Right to Examine Transfer Date, we will hold your initial Net Premium and any additional Net Premiums in the Money Market Subaccount. On the Right to Examine Transfer Date, we will invest your Account Value, which will include investment performance results, in the Investment Options pursuant to your application allocation instructions. If, by the Right to Examine Transfer Date, you decide to cancel your Policy, we will refund the premiums paid minus Policy Loan Balance and partial withdrawals.

Until your Policy is issued, premium payments received by us are held in our General Account and are credited with interest at a rate we determine.

**TELEPHONE TRANSACTIONS**

**Telephone Transactions Permitted**

▪ Transfers among Investment Options.

▪ Establish systematic transfer programs.

▪ Change premium allocations.

**How to Authorize Telephone Transactions**

▪ Upon your authorization on the Policy application or in Written Notice to us, you, your registered representative
or a third person named by you may do telephone transactions on your behalf. You bear the risk of the accuracy of any designated person's
instructions to us.

**Telephone Transaction Rules**

▪ Must be received by close of the New York Stock Exchange ("NYSE") (usually 3 p.m. Central
Time); if later, the transaction will be processed the next day the NYSE is open.

▪ Calls will be recorded for your protection.

▪ For security, you or your authorized designee must provide your Social Security number and/or other
identification information.

▪ May be discontinued at any time as to some or all Owners.

We are not liable for following telephone transaction instructions we reasonably believe to be genuine.

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**TRANSFERS**

The Policy is designed for long-term investment. Excessive transfers such as those triggered by market timing services or other large or frequent transfers could harm other Policy Owners by having a detrimental effect on investment portfolio management. In addition to the right of each Portfolio to impose redemption fees on short-term trading, **we reserve the right to reject any specific premium allocation or transfer request, if in the judgment of a Subaccount portfolio fund advisor, a Subaccount portfolio would be unable to invest effectively in accordance with its investment objectives and policies, or if Policy Owners would otherwise potentially be adversely affected.**

We consider any transfer of money out of a Subaccount within 60 days of a purchase to be evidence of possible market timing. We will not execute such a trade until we provide the underlying portfolio's investment adviser with information about it for an opportunity to evaluate the transfer pursuant to the investment adviser's own standards, as stated in the Subaccount's underlying portfolio prospectus. Ultimately the portfolio's investment adviser has the authority to make the determination whether or not to accept a transfer.

Subject to restrictions during the Right to Examine Transfer Date, you may transfer Account Value from one Subaccount to another, from the Separate Account to the Fixed Account, or from the Fixed Account to any Subaccount, subject to these rules:

**<u>Transfer Rules:</u>**

▪ A transfer is any single request to move assets between one or more Investment Options.

▪ We must receive notice of the transfer request by either Written Notice, an authorized telephone transaction, or by Internet when
available. Our Trading Unit facsimile number is 402-467-7923. Transfers will be processed on the Business Day they are received by our
Trading Unit if received before close of the New York Stock Exchange (usually 3:00 p.m. Central Time). Requests for Rydex transfers must
be received by 2:30 p.m. Central Time to be processed the same day. The 2:30 Central Time cut-off applicable to Rydex subaccount transfers
applies only to transfers. All other transaction requests must be received prior to NYSE close for same day processing. You must be available
to receive a confirmation telephone call for any faxed transfer requests sent to us, or your trade may not be processed until it is confirmed.

▪ The transferred amount must be at least $250, or the entire Subaccount or Fixed Account value if it is less. If the Account Value
remaining in a Subaccount after a transfer will be less than $100, we will include that Account Value in the amount transferred. Information
regarding Dollar Cost Averaging, Portfolio Rebalancing, and Earnings Sweep systematic transfer programs is available under the **SYSTEMATIC TRANSFER PROGRAMS** section.

&nbsp;&nbsp;&nbsp;&nbsp;· If the Dollar Cost Averaging systematic transfer program is used, then the minimum transfer amount out
of a Subaccount or the Fixed Account is the lesser of $250 or the balance in the Subaccount or Fixed Account. Under this program, the
maximum amount that may be transferred from the Fixed Account each month is 1/36<sup>th</sup> of the value of the Fixed Account at the
time the Dollar Cost Averaging program is established. While a Dollar Cost Averaging program is in effect, elective transfers out of the
Fixed Account are prohibited.

&nbsp;&nbsp;&nbsp;&nbsp;· The Portfolio Rebalancing and Earnings Sweep systematic transfer programs have no minimum transfer amounts.

▪ The first 15 transfers each Policy year are free. Thereafter, transfers may result in a $10 charge for
each transfer. See the **CHARGES** section of this prospectus for information about this charge. This fee is deducted on a Pro-Rata
basis from balances in all Subaccounts and the Fixed Account; it is not subtracted from the amount of the transfer. Transfers under any
systematic transfer program <u>do</u> count toward the 15 free transfers limit.

▪ A transfer from the Fixed Account (except made pursuant to a systematic transfer program):

&nbsp;&nbsp;&nbsp;&nbsp;· may be made only once each Policy year;

&nbsp;&nbsp;&nbsp;&nbsp;· may be delayed up to six months;

&nbsp;&nbsp;&nbsp;&nbsp;· is limited during any Policy year to the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o 25% of the Account Value in the Fixed Account on the date of the transfer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o the greatest amount of any Fixed Account transfer that occurred during the previous 13 months; and,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o $1,000.

▪ We reserve the right to limit transfers, or to modify transfer privileges, and we reserve the right
to change the transfer rules at any time. We and the investment advisers consider market timing strategies, programmed transfers or transfers
that are large in relation to the total assets of an Investment Option's underlying portfolio as disruptive. We may react to disruptive
transfers by, among other things, restricting the availability of personal telephone requests, facsimile transmissions, automated telephone
services, Internet services or any electronic transfer service. We may also refuse to act on transfer instructions of an agent acting
under a power of attorney or otherwise who is acting on behalf of one or more Owners. In making these determinations, we may consider
the combined transfer activity of annuity contracts and life insurance policies that we believe are under common ownership, control or
direction. Certain investment advisers, such as for Rydex, may permit short-term trading within their portfolios and will have disclosed
this practice in their prospectuses.

▪ Rydex Subaccount transfers received later than 2:30 p.m. Central Time are processed the next Business Day.

▪ If the Account Value in any Subaccount falls below $100 , we may transfer the remaining balance, without charge, to a money market
Subaccount. We will notify you when such a transfer occurs. You may, within 60 days of the date of our notice, reallocate the amount transferred,
without charge, to another Investment Option.

▪ In the event you authorize telephone or Internet transfers, we are not liable for telephone or Internet instructions that we in good
faith believe you authorized. We will employ reasonable procedures to confirm that instructions are genuine.

Ameritas Advisor II VUL 18

**<u>Omnibus Orders</u>**

Purchase and redemption orders received by the portfolios generally are "omnibus" orders from intermediaries such as retirement plans and separate accounts funding variable insurance products. The omnibus orders reflect the aggregation and netting of multiple orders from individual retirement plan participants and individual owners of variable insurance products. The omnibus nature of these orders may limit the ability of the portfolios to apply their respective disruptive trading policies and procedures. We cannot guarantee that the portfolios will not be harmed by transfer activity relating to the retirement plans or other insurance companies that may invest in the portfolios. These other insurance companies are responsible for their own policies and procedures regarding frequent transfer activity. If their policies and procedures fail to successfully discourage harmful transfer activity, it will affect other owners of portfolio shares, as well as the owners of all variable life insurance or variable annuity contracts, including ours, whose variable Investment Options correspond to the affected portfolios. In addition, if a portfolio believes that an omnibus order that we submit may reflect one or more transfer requests from Owners engaged in disruptive trading, the portfolio may reject the entire omnibus order and thereby delay or prevent us from implementing your request.

**<u>Time Period for Special Transfer</u>**

At any time within 24 months of the Policy Date, you may request a transfer of the entire Account Value in the Subaccounts to the Fixed Account without incurring a transfer charge.

**THIRD-PARTY SERVICES**

Where permitted and subject to our rules (including those Transfer Rules above regarding rejection of a transfer request), we may accept your authorization to have a third party (such as your sales representative or someone else you name) exercise transfers or investment allocations on your behalf. Third-party transfers and allocations are subject to the same rules as all other transfers and allocations. You can make this election on the application or by sending us Written Notice on a form provided by us. Please note that any person or entity you authorize to make transfers or allocations on your behalf, including any investment advisory, asset allocation, money management or timing service, does so independently from any agency relationship they may have with us for the sale of the Policies. They are accountable to you alone for such transfers or allocations. We are not responsible for such transfers or allocations on your behalf, or recommendations to you, by such third-party services. You should be aware that charges charged by such third parties for their service are separate from and in addition to charges paid under the Policy.

**Third Party Traders**

We reserve the right to restrict transfers by any firm or any other third party authorized to initiate transfers on behalf of multiple Policy Owners if we determine such third party trader is engaging in a pattern of transfers that may disadvantage Policy Owners. In making this determination, we may, among other things:

▪ reject the transfer instructions of any agent acting under a power of attorney on behalf of more than one Policy Owner, or

▪ reject the transfer or exchange instructions of individual Policy Owners who have executed transfer forms which are submitted by market
timing firms or other third parties on behalf of more than one Policy Owner.

We will notify affected Policy Owners before we limit transfers, modify transfer procedures or refuse to complete a transfer. Transfers made pursuant to participation in a dollar cost averaging, portfolio rebalancing, or earnings sweep program are not subject to these rules. See the sections of the prospectus describing those programs for the rules of each program.

**SYSTEMATIC TRANSFER PROGRAMS**

Transfers under any systematic transfer program <u>do</u> count toward the 15 free transfer limit. We reserve the right to alter or terminate any systematic transfer program upon thirty days advance Written Notice. Only one systematic transfer program may be utilized at a time.

**Dollar Cost Averaging Program**

Dollar Cost Averaging allows you to automatically transfer, on a periodic basis, a set dollar amount or percentage from the Money Market Subaccount or the Fixed Account to any other Subaccount(s) or the Fixed Account. Requested percentages are converted to a dollar amount. You can begin Dollar Cost Averaging when you purchase the Policy or later. You can increase or decrease the amount or percentage of transfers or discontinue the program at any time. Dollar Cost Averaging is intended to limit loss by resulting in the purchase of more Accumulation Units when a portfolio's value is low, and fewer units when its value is high. However, there is no guarantee that such a program will result in a higher Account Value, protect against a loss, or otherwise achieve your investment goals.

**Dollar Cost Averaging Rules:**

▪ There is no additional charge for the Dollar Cost Averaging program.

▪ We must receive notice of your election and any changed instruction – either Written Notice or
by telephone transaction instruction.

▪ Automatic transfers can only occur monthly.

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▪ The minimum transfer amount out of the Money Market Subaccount or the Fixed Account is the lesser of
$250 or the balance in the Subaccount or Fixed Account. Under this program, the maximum amount that may be transferred from the Fixed
Account each month is 1/36<sup>th</sup> of the Fixed Account value at the time Dollar Cost Averaging is established. While a Dollar Cost
Averaging program is in effect, elective transfers out of the Fixed Account are prohibited. There is no maximum transfer amount limitation
applicable to any of the Subaccounts.

▪ Dollar Cost Averaging program transfers cannot begin before the end of a Policy's Right to Examine Transfer
Date.

▪ You may specify that transfers be made on the 1<sup>st</sup> through the 28<sup>th</sup> day of the
month. Transfers will be made on the date you specify (or if that is not a Business Day, then on the next Business Day). If you do not
select a date, the program will begin on the next Monthly Date following the Right to Examine Transfer Date.

▪ You can limit the number of transfers to be made, in which case the program will end when that number
has been made. Otherwise, the program will terminate when the amount remaining in the Money Market Subaccount or the Fixed Account is
less than $100.

▪ Dollar Cost Averaging is not available when the Portfolio Rebalancing Program is elected.

**Portfolio Rebalancing Program**

The Portfolio Rebalancing program allows you to rebalance your Account Value among designated Subaccounts only as you instruct. You may change your rebalancing allocation instructions at any time. Any change will be effective when the next rebalancing occurs.

**Portfolio Rebalancing Program Rules:**

▪ There is no additional charge for the Portfolio Rebalancing program.

▪ The Fixed Account is excluded from this program.

▪ You must request the rebalancing program, give us your rebalancing instructions, or request to end this
program either by Written Notice or by telephone transaction instruction.

▪ You may have rebalancing occur quarterly, semi-annually or annually.

▪ Portfolio Rebalancing is not available when the Dollar Cost Averaging Program is elected.

**Earnings Sweep Program**

The Earnings Sweep program allows you to rebalance your Account Value by automatically allocating earnings from your Subaccounts among designated Investment Options (Subaccounts or the Fixed Account) either based on your original Policy allocation of premiums or pursuant to new allocation instructions. You may change your Earnings Sweep program instructions at any time. Any change will be effective when the next sweep occurs.

**Earnings Sweep Program Rules:**

▪ There is no additional charge for the Earnings Sweep program.

▪ The Fixed Account is included in this program.

▪ You must request the Earnings Sweep program, give us your allocation instructions or request to end
this program either by Written Notice or by telephone transaction instruction.

▪ You may have your earnings sweep quarterly, semi-annually or annually.

**GENERAL ACCOUNT**

The General Account includes all of our assets except those assets segregated in separate accounts. We have sole discretion to invest the assets of the General Account, subject to applicable law. Until your Policy is issued, any premium payments we receive are held in our General Account. Obligations under the Policy that are funded by Ameritas Life's General Account include the Fixed Account, the Loan Account, and fixed payments including death benefit proceeds. These obligations of the General Account are subject to the claims of our creditors and the claims paying ability and financial strength of the Company. It is not a bank account and it is not insured by the FDIC or any other government agency.

**POLICY OR REGISTRANT CHANGES**

**<u>Policy Changes</u>**

We reserve the right to make such changes in the Policy as we deem necessary to assure it qualifies as a life insurance contract under the Internal Revenue Code and continues to provide the tax benefits of such qualification.

**<u>Adding, Deleting or Substituting Variable Investment Options</u>**

We do not control the Subaccounts' underlying portfolios, so we cannot guarantee that any of the portfolios will always be available.

We retain the right to change the investments of the Separate Account, and to eliminate the shares of any Subaccount's underlying portfolio and substitute shares of another series fund portfolio if the shares of an underlying portfolio are no longer available for investment or if, in our judgment, investment in the portfolio would be inappropriate in view of the purposes of the Separate Account. We may add new Separate Account underlying portfolios or eliminate existing underlying portfolios, when, in our sole discretion, conditions warrant a change. In all of these situations, we will receive any necessary SEC and state approval before making any such change.

Ameritas Advisor II VUL 20

Our Separate Account may be (i) operated as an investment management company or any other form permitted by law, (ii) deregistered with the SEC if registration is no longer required, or (iii) combined with one or more other separate accounts. To the extent permitted by law, we also may transfer assets of the Separate Account to other accounts. Where permitted by applicable law, we reserve the right to remove, combine or add Subaccounts. Subaccounts may be closed to new or subsequent transfers or allocations. We will receive any necessary SEC and state approval before making any of these changes.

We will notify you of any changes to the variable Investment Options.

**<u>Resolving Material Conflicts – Underlying Investment Interests</u>**

In addition to serving as underlying portfolios to the Subaccounts, the portfolios are available to registered separate accounts of other insurance companies offering variable annuity and variable life insurance contracts. We do not currently foresee any disadvantages to you resulting from the fund companies selling portfolio shares to fund other products. However, there is a possibility that a material conflict of interest may arise between Policy Owners and the owners of variable contracts issued by other companies whose values are allocated to one of the portfolios. Shares of some of the portfolios also may be sold to certain qualified pension and retirement plans qualifying under section 401 of the Internal Revenue Code. As a result, there is a possibility that a material conflict may arise between the interests of Owners or owners of other contracts (including contracts issued by other companies), and such retirement plans or participants in such retirement plans. In the event of a material conflict, we will take any necessary steps to resolve the matter, including removing that portfolio as an underlying Investment Option of the Separate Account. The Board of Directors of each fund company will monitor events in order to identify any material conflicts that may arise and determine what action, if any, should be taken in response to those events or conflicts. See the accompanying prospectuses of the portfolios for more information. (Also see the **TRANSFERS** section, **Omnibus Orders**.)

**Disruptive Trading Procedures**

Organizations or individuals that use market timing investment strategies and make frequent or other disruptive transfers should not purchase the Policy, unless such transfers are limited to Subaccounts whose underlying portfolio prospectuses specifically permit such transfers.

The Policy is not designed to serve as a vehicle for frequent trading in response to short-term fluctuations in the market. Such frequent trading, programmed transfers, or transfers that are large in relation to the total assets of a Subaccount's underlying portfolio can disrupt management of a Subaccount's underlying portfolio and raise expenses. This in turn can hurt the performance of an affected Subaccount and therefore hurt your Policy's performance. The risks and harmful effects of disruptive trading include:

▪ dilution of the interests of long-term investors in a separate account if market timers manage to transfer into a portfolio at prices
that are below the true value or to transfer out of the portfolio at prices that are above the true value of the portfolio's investments
(some market timers attempt to do this through methods known as "time-zone arbitrage" and "liquidity arbitrage");

▪ reduced investment performance due to adverse effects on portfolio management by:

&nbsp;&nbsp;&nbsp;&nbsp;· impeding a portfolio investment adviser's ability to sustain an investment objective;

&nbsp;&nbsp;&nbsp;&nbsp;· causing the portfolio to maintain a higher level of cash than would otherwise be the case;

&nbsp;&nbsp;&nbsp;&nbsp;· causing a portfolio to liquidate investments prematurely (or otherwise at an inopportune time) in order to pay withdrawals or transfers
out of the portfolio; and

&nbsp;&nbsp;&nbsp;&nbsp;· increased costs to you in the form of increased brokerage and administrative expenses. These costs are borne by all Policy owners
invested in those separate accounts, not just those making the transfers.

Do not invest with us if you intend to conduct market timing or potentially disruptive trading.

Policy Owners should be aware that we are contractually obligated to provide, at the portfolio investment adviser's request, Policy Owner transaction data relating to trading activities, including tax identification numbers and other identifying information contained in our records to assist in identifying any pattern or frequency of Subaccount transfers that may violate the portfolio's trading policies. We are obligated to follow each portfolio investment adviser's instructions regarding enforcement of their trading policy. On receipt of written instructions from a portfolio investment adviser, we will restrict or prohibit further purchases or transfers by Policy Owners identified as having engaged in transactions that violate the portfolio's trading policies. We are not authorized to grant exceptions to an underlying portfolio's trading policy. Please refer to each portfolio's prospectus for more information on its trading policies.

We reserve the right to reject or restrict, in our sole discretion, transfers initiated by a market timing organization or individual or other party authorized to give transfer instructions. We further reserve the right to impose restrictions on transfers that we determine, in our sole discretion, will disadvantage or potentially hurt the rights or interests of other Policy owners. Restrictions may include changing, suspending or terminating telephone, online and facsimile transfer privileges. We will enforce any Subaccount underlying portfolio investment adviser's restrictions imposed upon transfers considered by the portfolio investment adviser to be disruptive. Our disruptive trading procedures may vary from Subaccount to Subaccount, and may also vary due to differences in operational systems and contract provisions. However, any Subaccount restrictions will be uniformly applied; we do not make special arrangements or grant exceptions or waivers to accommodate any persons or class of persons with regard to these procedures.

Ameritas Advisor II VUL 21

There is no assurance that the measures we take will be effective in preventing market timing or other excessive transfer activity. Our ability to detect and deter disruptive trading and to consistently apply our disruptive trading procedures may be limited by operational systems and technological limitations which may result in some Policy Owners being able to market time. Also, because other insurance companies and retirement plans may invest in Subaccount underlying portfolios, we cannot guarantee that Subaccount underlying portfolios will not suffer harm from disruptive trading within contracts issued by them. Certain Subaccount underlying portfolios, such as the Rydex Subaccounts, may engage in short-term trading and will have disclosed this practice in their portfolios' prospectuses.

**Excessive Transfers**

We reserve the right to restrict transfers if we determine you are engaging in a pattern of transfers that may disadvantage Policy Owners. In making this determination, we will consider, among other things:

▪ the total dollar amount being transferred;

▪ the number of transfers you make over a period of time;

▪ whether your transfers follow a pattern designed to take advantage of short term market fluctuations, particularly within certain
Subaccount underlying portfolios;

▪ whether your transfers are part of a group of transfers made by a third party on behalf of individual Policy Owners in the group;
and

▪ the investment objectives and/or size of the Subaccount underlying portfolio.

**PREMIUMS**

**POLICY APPLICATION AND ISSUANCE**

Replacing an existing life insurance policy is not always your best choice. Evaluate any replacement carefully.

The Insured must not be older than age 80 on the Insured's birthday nearest to the Policy Date. The minimum initial Specified Amount of life insurance is $100,000. We may reduce the initial Specified Amount for Policies issued in connection with group or sponsored arrangements. See the **Special Arrangements** section, below, for details. To purchase a Policy, you must submit an application, at least the Initial Premium (see below), and provide evidence of the proposed Insured's insurability satisfactory to us. Before accepting an application, we conduct underwriting to determine insurability. We reserve the right to reject any application or premium. If we issue a Policy, insurance coverage will be effective as of the Policy Date.

When you apply for your Policy, you will choose one of three death benefit options, which will be used to determine the death benefit.

**<u>Application in Good Order</u>**

All application questions must be answered, but particularly note these requirements:

▪ The Owner's and Insured's full name, Social Security number (tax identification number for a business or trust Owner), date of birth,
and certain other required information must be included.

▪ Your premium allocations must be complete, be in whole percentages and total 100%.

▪ Initial Premium requirements must be met (see below).

▪ Your signature and your representative's signature must be on the application.

▪ City, state and date the application was signed must be completed.

▪ You must provide all information required for us to underwrite your application (including health and medical information about the
Insured, and other information we consider relevant).

▪ Please give us your e-mail address to facilitate receiving updated Policy information by electronic delivery.

▪ There may be forms in addition to the application required by law or regulation, especially when a replacement of other coverage is
involved.

▪ Your representative must be both properly licensed and appointed with us.

**Premium Requirements**

Your premium checks should be made payable to "Ameritas Life Insurance Corp." We reserve the right to reject any premiums. We may postpone crediting payment of your initial premium made by personal check until the check has been honored by your bank. Payment by certified check, banker's draft or cashier's check will be promptly applied. Under our electronic fund transfer program, you may select a monthly payment schedule for us to automatically deduct premiums from your bank account or other sources.

<u>Initial Premium</u>

▪ At least the Monthly Deduction times the number of months between the Policy Date and the date the Policy is issued plus one month.

<u>Additional Premiums</u>

▪ Payment of additional premiums is flexible, but must be enough to cover Policy charges.

▪ If a premium increases the Net Amount at Risk, it is subject to evidence of the Insured's continued insurability and our underwriting
requirements as to the amount of the increase.

Ameritas Advisor II VUL 22

▪ Planned Periodic Premiums may be paid annually, semi-annually, quarterly or monthly. You may change your Planned Periodic Premium,
subject to our approval. Because Account Value can fluctuate depending upon the performance of your selected variable Investment Options, <u>payment of your Planned Periodic Premiums does not guarantee that your Policy will remain in force. Your Policy can lapse even if you pay all Planned Periodic Premiums on time.</u> 

▪ If there is a Policy Loan, you should identify any payment intended to reduce a loan as a loan repayment; otherwise it will be treated
as a premium and added to Account Value.

▪ We reserve the right to limit premiums or refund any values so the Policy qualifies as life insurance under the federal Internal Revenue
Code.

**ACCOUNT VALUE**

On your Policy's Issue Date, Account Value (or "Policy Value" or "Accumulation Value") equals your initial Net Premium (premium less the Percent of Premium Charge) less any Monthly Deduction since the Policy Date. On any Business Day thereafter, your total Account Value equals the sum of Account Value in the Separate Account variable Investment Options, the Fixed Account, and the Loan Account, plus any Net Premium received that Business Day, but not yet allocated.

**Separate Account Value**

Premiums or transfers allocated to Subaccounts are accounted for in Accumulation Units. The Account Value held in the Separate Account Subaccounts on any Business Day is determined by multiplying each Subaccount's Accumulation Unit value by the number of Accumulation Units held in the Subaccount. We will determine the value of the assets of each Subaccount at the close of trading on the New York Stock Exchange on each Business Day.

The unit value of each Subaccount reflects the investment performance of that Subaccount. The unit value of each Subaccount on any Business Day equals the unit value of the Subaccount on the previous Business Day multiplied by the net investment factor for the Subaccount. The net investment factor for each Subaccount can be determined on any Business Day by using the following calculation:

▪ the net asset value per share of the Subaccount's underlying portfolio as of the end of the current Business Day, plus the per share
amount of any dividend or capital gain distribution paid by that underlying portfolio since the previous Business Day, plus the per share
amount of any taxes payable by the Separate Account; divided by

▪ the net asset value per share of the Subaccount's underlying portfolio as of the end of the previous Business Day, minus

▪ the daily risk charge.

Because the net investment factor may be greater than, less than, or equal to 1, unit values may increase or

decrease from one Business Day to the next.

When transactions are made to or from a Subaccount, the actual dollar amounts are converted to Accumulation Units. The number of Accumulation Units for a transaction is equal to the dollar amount of the transaction divided by the Accumulation Unit value on that Business Day. Each transaction described below will increase or decrease your Accumulation Units.

The number of Accumulation Units in a Subaccount will *increase* when:

▪ Net Premiums are credited to it; or

▪ amounts are transferred to it from other Subaccounts, the Fixed Account or the Loan Account.

The number of Accumulation Units in a Subaccount will *decrease* when:

▪ partial withdrawals (and any partial withdrawal charges) are taken from it;

▪ Advisory Fees, if applicable, are taken from it;

▪ Monthly Deductions are taken from it;

▪ transfer charges are taken from it; or

▪ amounts are transferred out of it into other Subaccounts, the Fixed Account or the Loan A ccount.

**<u>Fixed Account Value</u>**

The Account Value of the Fixed Account on any Business Day equals:

▪ Net Premiums credited to the Fixed Account; plus

▪ any transfers from the Subaccounts or the Loan Account to the Fixed Account; plus

▪ interest credited to the Fixed Account; minus

▪ any partial withdrawal (and partial withdrawal charge) taken from the Fixed Account; minus

▪ any Advisory Fees, if applicable, taken from the Fixed Account; minus

▪ the Fixed Account's share of any Monthly Deductions from Account Value; minus

▪ any transfer charges taken from the Fixed Account; minus

▪ amounts transferred from the Fixed Account to the Subaccounts or the Loan Account.

**<u>Loan Account Value</u>**

The Account Value in the Loan Account on any Business Day equals:

▪ amounts transferred to the Loan Account from the Investment Options (the Subaccounts and the Fixed Account); plus

▪ interest credited to the Loan Account; minus

▪ amounts transferred from it into the Investment Options.

(Also see **Defined Terms** for the definition of "Policy Loan.")

Ameritas Advisor II VUL 23

**POLICY CHANGES**

You may request to change your Specified Amount, death benefit option or riders. Any change to your Policy is effective only if by Written Notice on a form acceptable to us, and then only when recorded on our records. Information on how to contact us to determine what information is needed and where you can get various forms for Policy changes is shown on this prospectus' first two pages and last page.

When a Policy change is made, we will send you a revised Policy schedule that will show the updated coverage and any new charges.

A change of Owner may be made at any time by Written Notice, and will take effect on the date Written Notice is signed by you. Such change of Owner is subject to any action we take prior to the date we receive Written Notice when based on instructions we received from the Owner of record.

**"Right to Examine" Period**

You may cancel your Policy for a refund during your "right to examine" or "free look" period. This period expires 10 days after you receive your Policy (30 days after if it is a replacement for another policy), or 45 days after your application is signed, whichever is later. The "right to examine" period is longer in some states, ranging from 15 to 30 days. If you decide to cancel the Policy, you must return it by mail or delivery to the home office or to the Ameritas Life selling representative by the date the "right to examine" period expires. Your Policy will be void from the beginning. We will refund the premiums paid minus Policy Loan Balance and partial withdrawals, unless otherwise required by state law.

Prior to the Right to Examine Transfer Date, we will allocate your initial Net Premium and any additional Net Premiums to a Money Market Subaccount. On the Right to Examine Transfer Date, we will reallocate your Account Value according to the premium allocation You selected on the application. We will allocate Net Premiums paid or after the Right to Examine Transfer Date according to the premium allocation in effect on the date we receive the premium.

**Optional Features**

Subject to certain requirements, one or more of the optional insurance benefits described in **OTHER BENEFITS UNDER THE POLICY** may be added to your Policy by rider. The cost of any optional insurance benefit will be deducted monthly from Account Value as stated in this prospectus' **CHARGES** section.

**Nonparticipating**

The Policy is nonparticipating. No dividends will be paid under the Policy.

**Special Arrangements**

Where permitted by state regulation, we may make Policies available through various special arrangements. We may reduce or waive the premium charge and/or the monthly administrative charge under Policies purchased by:

1. our directors, officers, current or retired employees ("employees"), or agents, or affiliates thereof, or their spouses
or dependents;

2. directors, officers, employees, or agents of broker-dealers that have entered into selling agreements with Ameritas Investment Company,
LLC ("AIC") relating to the Policies, or their spouses or dependents; or

3. directors, officers, employees, or affiliates of the portfolios or investment advisers or sub-advisers or distributors thereof, or
their spouses or dependents.

Any interested person can contact our Service Center concerning the availability of special arrangements. In addition, in the future, we may reduce or waive the premium charge if a Policy is purchased by the Owner of another policy we issued, and/or through transfer or exchange from a life insurance policy we issued, each in accordance with rules we establish and apply on a uniform basis. Reductions or waivers of the premium charge and the monthly administrative charge reflect the reduced sales and administrative effort associated with Policies sold to the Owners specified.

We may issue Policies to group or sponsored arrangements, as well as on an individual basis. A "group arrangement" includes a program under which a trustee, employer or similar entity purchases Policies covering a group of individuals. An example of such an arrangement is a non-qualified deferred compensation plan. A "sponsored arrangement" includes but is not limited to a program under which an employer permits group solicitation of its employees or an association permits group solicitation of its members for the purchase of Policies on an individual basis. The Policies may not be available in connection with group or sponsored arrangements in all states.

For Policies issued in connection with group or sponsored arrangements, we may reduce or waive one or more of the following charges: the premium charge; the monthly charge for the cost of insurance; rider charges; monthly administrative charges; daily risk charges (for mortality and expense risk); and/or the transfer charge. We may also reduce the minimum Specified Amount per Policy. In addition, the interest rate credited on amounts taken from the Subaccounts as a result of a loan may be increased for these Policies. We will waive or reduce these charges as described below and according to our rules in effect when the Policy application is approved.

To qualify for a waiver or reduction, a group or sponsored arrangement must satisfy certain criteria, for example, size of the group, or number of years in existence. Generally, the sales contacts and effort, administrative costs, insurance cost,

Ameritas Advisor II VUL 24

and mortality and expense risk per Policy may vary based on such factors as the size of the group or sponsored arrangement, its stability, the purposes for which the Policies are purchased, and certain characteristics of its members (including underwriting-related factors that we determine result in lower anticipated expenses of providing insurance coverage, and/or lower mortality and expense risk, under Policies sold to members of the group or through the sponsored arrangement). The amount of any reduction and the criteria for qualification will reflect the reduced sales and administrative effort resulting from sales to qualifying group or sponsored arrangements, and/or the reduced anticipated cost of insurance or mortality and expense risk under such Policies. We may modify from time to time the amount or availability of any charge reduction or waiver, or the criteria for qualification.

Charge reductions or waivers will not be unfairly discriminatory against any person, including the affected Owners and all other owners of Policies funded by the Separate Account.

**STANDARD DEATH BENEFITS**

The principal purpose of the Policy is to provide a death benefit upon the Insured's death, but before then you may also borrow against the Policy's Cash Surrender Value, take a partial withdrawal, or fully Surrender it for its Cash Surrender Value. Tax penalties may apply to amounts taken out of your Policy. The Policy will terminate and all insurance will stop when the Insured dies.

**DEATH BENEFIT**

Upon the Insured's death, we will pay to the Policy Beneficiary:

▪ the death benefit on the Insured's life under the death benefit option in effect; plus

▪ any additional life insurance proceeds provided by any optional benefit or rider; minus

▪ any Policy Loan Balance; minus

▪ any overdue Monthly Deductions, including the Monthly Deduction for the month of death.

We will pay the death benefit proceeds after we receive satisfactory proof that the Insured died while the Policy was in force and other proof that we may require in order to investigate the claim. We will pay the death benefit proceeds in a lump-sum payment to the Beneficiary. We will include interest from the Insured's date of death to the payment date. The rate of interest will be at least the amount required by law. Full payment of the death benefit proceeds discharges us from any and all claims.

**Death Benefit Options**

When you apply for your Policy, you will choose one of the three death benefit options, which will be used to determine the death benefit. Your Policy Value and death benefit may vary based on the performance of the variable Investment Options you select. If we issue a Policy, insurance coverage will be effective as of the Policy Date.

***<u>Death Benefit Option A</u>***

Under Option A, the death benefit is the greater of:

▪ the Specified Amount of insurance coverage; and

▪ the Account Value multiplied by the Corridor Factor.

***<u>Death Benefit Option B</u>***

Under Option B, the death benefit is the greater of:

▪ the Specified Amount of insurance coverage <u>plus</u> the Account Value; and

▪ the Account Value multiplied by the Corridor Factor.

***<u>Death Benefit Option C</u>***

Under Option C, the death benefit is the greater of:

▪ the Specified Amount of insurance coverage <u>plus</u> the sum of premiums paid minus the sum of partial withdrawals taken; and

▪ the Account Value multiplied by the Corridor Factor.

If you select Option C and the sum of partial withdrawals taken is greater than the sum of premiums paid, the death benefit may be less than the Specified Amount.

When you apply for your Policy, you will also choose one of two alternative tests to evaluate whether your Policy qualifies as a life insurance contract under the Internal Revenue Code. Once you have chosen a test for tax qualification, you cannot change it. If you choose the guideline premium test ("GPT"), total premium payments may not exceed the guideline premium payment limitations for life insurance set forth under the Internal Revenue Code. If you choose the cash value accumulation test ("CVAT"), the guideline premium limitations do not apply. The Corridor Factors are shown in the Policy schedule.

**<u>Changes in Death Benefit Option</u>**

You select the death benefit option when you apply for the Policy. You also may change the death benefit option after the first Policy year, as discussed below.

Ameritas Advisor II VUL 25

**Changes in Death Benefit Option Rules**

▪ Your request for a change must be by Written Notice.

▪ You can only change your Policy death benefit option once each Policy year. The change will be effective on the Monthly Date after
we receive (or, if evidence of insurability is necessary, after we approve) your Written Notice.

▪ There is no fee to change your Policy death benefit option.

▪ Changing from Option B to Option A, or from Option C to Option A: The Specified Amount will not change, and the death benefit will
be reduced to equal the Specified Amount.

▪ Changing from Option A to Option B, or from Option C to Option B: The Specified Amount will be adjusted so that the Net Amount at
Risk is unchanged.

▪ The change is allowed only if the new Specified Amount of insurance meets the requirements stated in the **Changes in Specified Amount** section, below.

**<u>Changes in Specified Amount</u>**

The initial Specified Amount is set at the time we issue your Policy. The Specified Amount may change from time to time, as discussed below. A change in Specified Amount could have federal tax consequences (See the **TAX MATTERS** section).

On or after one year from the Policy Date, you may change the current Specified Amount of insurance coverage by Written Notice on a form provided by us, and subject to our approval.

**INCREASE in Coverage Rules**

▪ The minimum amount of an increase in Specified Amount of insurance coverage is $25,000.

▪ An increase of the Specified Amount will require evidence of insurability satisfactory to us and be subject to our underwriting limits
in place at that time.

▪ Any increase of the Specified Amount will be subject to increased cost of insurance charges and monthly Specified Amount charges,
based on the Insured's gender and the Issue Age and rate class for the increase. You will receive a revised Policy schedule stating the
increased charges.

**DECREASE in Coverage Rules**

▪ The amount of any decrease may be no less than $1,000.

▪ Any reduction in the Specified Amount will be in the following order:

&nbsp;&nbsp;&nbsp;&nbsp;· first, reduce the most recent increase of the Specified Amount;

&nbsp;&nbsp;&nbsp;&nbsp;· then, the next most recent increases; and

&nbsp;&nbsp;&nbsp;&nbsp;· finally, the Policy's initial Specified Amount.

▪ Any decrease of the Specified Amount you request will not reduce the monthly Specified Amount charges in effect at the time of the
decrease.

▪ The Specified Amount of coverage after the decrease must be at least $50,000. We may limit any requested decrease to the amount necessary
to keep the Policy in compliance with maximum premium limits under federal tax law.

**No Maturity Date**

This Policy does not have a maturity date. If the Insured is still living at Attained Age 121, all Monthly Deductions will cease, and we will not accept any additional premiums except for amounts required to keep the policy in force. New loans and loan repayments can continue to be made and the Policy Loan Balance will continue to accrue interest. The death benefit option will be changed to Option A, and partial withdrawals are not permitted after Attained Age 121. You may Surrender your policy if you do not want coverage to continue past Attained Age 121. Continuing coverage beyond attained age 121 may disqualify the insurance for favorable tax treatment. You should consult a tax advisor before you choose to continue your policy after Attained Age 121.

**Payment of Policy Proceeds**

A primary function of a life insurance policy is to provide payment of Policy proceeds. Policy proceeds are payable upon the Insured's death, a full Surrender or partial withdrawal of Account Value, or upon any other benefit where certain proceeds are payable. We will make payment in a lump sum to the Beneficiary.

**Rules for Payment of Policy Proceeds**

▪ Payees must be individuals who receive payments in their own behalf unless otherwise agreed to by us.

▪ We may require proof of your age or survival or the age or survival of the payee.

▪ No payee may commute, encumber or alienate any proceeds under this Policy before they are due. No proceeds are subject to attachment
for any debt or obligation of any payee.

**<u>Payment of Death Benefit Proceeds</u>**

We may pay death benefit proceeds in a lump sum by establishing an interest bearing account for the Beneficiary, in the amount of the death benefit proceeds payable. The same interest rate schedule and other account terms will apply to all Beneficiary accounts in place at any given time. We will send the Beneficiary a checkbook within seven days after we receive all the required documents, and the Beneficiary will have immediate access to the account simply by writing a check for all or any part of the amount of the death benefit proceeds payable. The account is part of our General Account. It is not a bank account and it is not insured by the FDIC or any other government agency. As part of our General Account, it is subject to the claims of our creditors. We receive a benefit from all amounts left in the General Account.

Ameritas Advisor II VUL 26

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| | |
|:---|:---|
| We will include interest from the Insured's date of death to the payment date. | We will include interest from the Insured's date of death to the payment date. |
| (1) | Interest will accrue at the rate or rates applicable to the Policy for funds left on deposit or, if the Company has not establised a rate for funds left on deposit, at the Two Year Treasury Constant Maturity Rate as published by the Federal Reserve. In determining the effective annual rate, we shall use the rate in effect on the date of death. |
| (2) | Interest will accrue at the effective annual rate deteremined in item (1) above, plus additional interest at a rate of 10% annually beginning with the date that is 31 calendar days from the latest of items (a), (b) and (c) below to the date the claim is paid. |
| (a) | the date that we receive satisfactory proof of death of the Insured; |
| (b) | the date that we receive sufficient information to determine our liability, the extent of that liability, and the appropriate payee legally entitled to the proceeds; |
| (c) | the date that legal impediments to payment of proceeds that depend on the action of parties other than us are resolved and sufficient evidence of the same is provided to us. Legal impediments to payment include, but are not limited to: |
| (i) | the establishment of guardianships and conservatorships; |
| (ii) | the appointment and qualification of trustees, executors and administrators; and |
| (iii) | the submission of information required to satisfy state and federal reporting requirements. |

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**Misstatement of Age or Gender**

If an Insured's age or gender has been misstated on the application, an adjustment will be made to reflect the correct age and gender. If the misstatement is discovered at death, the Policy death benefit and any additional benefits provided will be adjusted based on what the cost of insurance rate as of the most recent Monthly Date would have purchased at the Insured's correct age and gender. If the misstatement is discovered prior to death, the Cash Surrender Value will be adjusted, based on the Insured's correct age and gender, to reflect the expense charges, and cost of insurance rates from the Policy Date.

**Suicide**

We will terminate the Policy without payment of the death benefit and give back the premiums received, less any partial withdrawals and Policy Loan Balance, if the Insured, while sane or insane, commits suicide within two years (one year in North Dakota) after the date the Policy was issued. We will pay only the Monthly Deductions for an increase in Specified Amount of insurance if the Insured, while sane or insane, commits suicide within two years (one year in North Dakota) after the effective date of any increase. Riders to the Policy may have separate suicide provisions.

**RELIANCE**

The Policy was issued based on the answers in the application and supplemental applications. We have assumed all such answers to be true and complete. If any are not, we may, subject to the Incontestability provision, have the right to void the Policy and give back premiums paid, minus any loan balance and any partial withdrawals.

**Incontestability**

We will not contest the Policy, in the absence of fraud, after it has been in force while the Insured is alive for two years from the Issue Date, nor will we contest any increased benefits later than two years after the effective date of such increase. If you did not request the increase or if evidence of insurability was not required, we will not contest the increase. Increased benefits, for the purposes of this provision, shall include any favorable Policy changes you request. If the Policy is reinstated, the contestable period will start over again beginning on the reinstatement date, but only for statements made in the application for reinstatement. Riders to the Policy may have separate incontestability provisions.

**Assignment**

You may assign your Policy by giving Written Notice. We will not be responsible for the validity or tax consequences of an assignment. Unless you specify otherwise, the assignment will take effect on the date the Written Notice was signed by you. No assignment will be binding on us until we receive Written Notice. We will not be liable for any payments we make or actions we take before we receive Written Notice of an assignment. Your rights, and the rights of any Beneficiary or payee, will be subject to any assignment. An assignment is subject to any Policy Loan Balance.

**UNCLAIMED DEATH BENEFIT PROCEEDS**

Every state has unclaimed property laws that generally declare life insurance policies to be abandoned after a period of inactivity of three to five years from the date any death benefit is due and payable. For example, if the payment of a death benefit has been triggered, and after a thorough search, we are still unable to locate the Beneficiary of the death benefit, the death benefit will be paid to the abandoned property investment division or unclaimed property office of the state in which the Beneficiary or the Policy Owner last resided, as shown on our books and records. ("Escheatment" is the formal, legal name for this process.) However, the state is obligated to pay the death benefit (without interest) if your Beneficiary steps forward to claim it with the proper documentation and within certain mandated periods. To prevent your Policy's death benefit from being paid to the state's abandoned or unclaimed property office, it is important that you update your Beneficiary designation—including complete names and complete address—if and as they change.

Ameritas Advisor II VUL 27

**OTHER BENEFITS AVAILABLE UNDER THE POLICY**

In addition to the standard death benefit(s) associated with your Policy, other standard and/or optional benefits may be available to you. The following table(s) summarize information about those benefits. Information about the fees associated with each benefit included in the table(s) may be found in the **FEE TABLE**.

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Is Benefit Standard or**<br> **Optional** | **Brief Description of Restrictions/Limitations\*** |
| Accelerated Benefit Rider for Terminal Illness | This rider provides the ability to accelerate a portion of the death benefit to be a living benefit, allowing you to withdraw value from the Policy, as defined in the rider, in the event of diagnosis of terminal illness. | Standard | Available for issue ages 0-80. We charge an administrative fee when this rider is exercised. The administrative fee will be deducted from the accelerated benefit. The amount available as a living benefit is no more than 50% the total Specified Amount up to $500,000 payable under the Policy. We will treat the accelerated benefit plus accrued interest as a lien against the death benefit proceeds. Your death benefit and access to the Account Value will be reduced by the Lien Balance. We will charge interest on the Lien Balance. After we pay the accelerated benefit, your access to the Cash Surrender Value and Policy lapse benefits will be restricted to the excess of the Cash Surrender Value over any Lien Balance. After payment of accelerated benefit, we will pay the minimum premium necessary to keep the basic Policy and any attached riders in force. The total of any premiums paid by us will be assigned to us, made a part of the lien, and deducted from the death benefit proceeds. We will make only one accelerated benefit payment under this rider. After we pay the accelerated benefit, you may not surrender the Policy or terminate any rider coverage that was part of the eligible amount. You must assign the Policy to us for an amount equal to the Lien Balance. No further changes to the Policy will be permitted without our consent. |
| Advisory Fee Endorsement | This endorsement provides the ability to pay Advisory Fees to a registered investment advisor who has an agreement with the Policy owner. Advisory Fees shall not exceed 1.5% of the Account Value on an annualized basis. | Standard | Not available in North Dakota.<br> There is no minimum Advisory Fee amount. The maximum advisory fee amount is the lesser of (1) 1.5% of the Account Value on an annualized basis; or (2) the Cash Surrender Value minus the sum of the next three Monthly Deductions. In some cases, such as when the Policy's death benefit is driven by the Corridor Factor, withdrawing part of the Account Value may result in a death benefit reduction that is larger than the amount of the partial withdrawal. |

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Ameritas Advisor II VUL 28

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Is Benefit Standard or**<br> **Optional** | **Brief Description of Restrictions/Limitations\*** |
| Children's Insurance Rider | This rider provides term life insurance protection, as defined in the Rider, for the Insured's children. | Optional | Available for Basic Insured ages 18-55. Eligible children include those at least 15 days old and no more than 18 years old.<br>Available after issue for covered children with evidence of insurability. Provides $25,000 of life insurance for the Insured's children. The rider will terminate at the earliest of the Policy Anniversary nearest the insured child's 25<sup>th</sup> birthday or the Insured's 65<sup>th</sup> birthday. |
| Paid-Up Insurance Benefit Endorsement | This endorsement protects your Policy from lapsing under certain conditions when your outstanding Policy Loan Balance is large relative to your Account Value and Specified Amount. | Standard for Owners that select the guideline premium test ("GPT") | Available for Insured age 75 or older. The Policy must be in its 11<sup>th</sup> Policy year or later. The outstanding Policy Loan Balance must be more than 92.5%, but less than 96% of the Policy Value. If the outstanding Policy Loan Balance is greater than 96% of your Policy Value, you can repay Policy Loan Balance to bring the balance within the range of 92.5% and 96% of your Policy Value. The outstanding Policy Loan Balance must be more than the Specified Amount. For Owners that select the guideline premium test ("GPT"), the endorsement is "inherent" (i.e. added to all Policies). The endorsement is unavailable for Owners that select the cash value accumulation test ("CVAT"). The endorsement has no cost until the Owner elects the option. |
| Waiver of Monthly Deduction Rider | This rider provides that during periods of the Insured's total disability, as defined in the rider, certain Policy charges and charges for any Policy riders will be waived. | Optional | Available for Issue Ages 0-55. Available after initial policy issue with satisfactory evidence of insurability. Must provide proof of total disability within one year after disability begins and while the Insured is in the state of being totally disabled. Disability also needs to have begun while policy was in force and has continued for six months. |
| Dollar Cost Averaging ("DCA") | This is a systematic transfer program that allows you to automatically transfer, on a periodic basis, a set dollar amount or percentage from the Money Market Subaccount or the Fixed Account to any other Subaccount(s) or the Fixed Account. | Standard | We must receive notice of your election and any changed instructions – either Written Notice or by telephone transaction instruction. Automatic transfers can only occur monthly. The minimum transfer amount out of the Money Market Subaccount or the Fixed Account is the lesser of $250 or the balance in the Subaccount or Fixed Account. Under this program, the maximum amount that may be transferred from the Fixed Account each month is 1/36th of the Fixed Account value at the time DCA is established. While a DCA program is in effect, elective transfers out of the Fixed Account are prohibited. |

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Ameritas Advisor II VUL 29

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Is Benefit Standard or**<br> **Optional** | **Brief Description of Restrictions/Limitations\*** |
| Dollar Cost Averaging ("DCA"), continued |  |  | DCA program transfers cannot begin before the end of a Policy's Right to Examine Transfer Date. You can limit the number of transfers to be made, in which case the program will end when that number has been made. Otherwise, the program will terminate when the amount remaining in the Money Market Subaccount or the Fixed Account is less than $100. DCA is not available when the Portfolio Rebalancing Program is elected. |
| Portfolio Rebalancing Program ("PBL") | This is a systematic transfer program that allows you to rebalance your Account Value among designated Subaccounts. | Standard | The Fixed Account is excluded from this program. You must request the rebalancing program, give us your rebalancing instructions, or request to end this program either by Written Notice or by telephone transaction instruction. You may have rebalancing occur quarterly, semi-annually or annually. PBL is not available when the DCA Program is elected. |
| Earnings Sweep Program | This is a systematic transfer program that allows you to rebalance your Account Value by automatically allocating earnings from your Subaccounts among designated Investment Options. | Standard | You must request the Earnings Sweep program, give us your allocation instructions or request to end this program either by Written Notice or by telephone transaction instructions. You may have your earnings sweep quarterly semi-annually or annually. |
| Loans | You may obtain a loan secured by the Cash Surrender Value of your Policy. | Standard | Any loan transaction will permanently affect your Account Value. We may require you to sign a loan agreement. The Policy must be assigned to us as security for the loan.<br>Interest accrues daily and becomes a part of the Policy Loan Balance. Loan interest is due on each Policy Anniversary. If the interest is not paid when due, we will transfer an amount equal to the unpaid loan interest only from the Policy Investment Options you designate; if that is not possible (due to insufficient value in an Investment Option you elect) or you have not provided such instructions, we will deduct loan interest on a Pro-Rata basis from balances in all Subaccounts and the Fixed Account.<br> You may borrow no more than: (1) the Cash Surrender Value; minus (2) loan interest on the Policy Loan Balance including the requested loan to the next Annual Date; minus (3) the sum of the next three Monthly deductions. |

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Ameritas Advisor II VUL 30

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Is Benefit Standard or**<br> **Optional** | **Brief Description of Restrictions/Limitations\*** |
| Loans, continued | You may obtain a loan secured by the Cash Surrender Value of your Policy. | Standard | If the Policy Loan Balance exceeds Account Value minus accrued expenses and charges, you must pay the excess or your Policy will lapse.<br>The death benefit will be reduced by the amount of any Policy Loan Balance on the date of the Insured's death.<br>We may defer making a loan from the Fixed Account for up to six months unless the loan is to pay premiums to us. |

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\*We may discontinue offering, or modify the terms of, optional benefits for new sales at any time.

**ADDITIONAL INFORMATION ON BENEFITS AVAILABLE UNDER THE POLICY**

The examples listed below are hypothetical assumptions and illustrations with the purpose of explaining the operation of the benefits. Actual results will vary.

**Accelerated Benefit Rider for Terminal Illness (Standard)**

We will pay an accelerated benefit if the Insured is terminally ill subject to the provisions of this rider. The accelerated benefit that you may receive is 50% of the eligible amount. The eligible amount includes the Specified Amount or face amount of the policy, any paid-up additions, and any term insurance rider on the same Insured as the policy. The eligible amount does not include accidental death benefit riders, any coverage that is within its two-year contestable period, nor any coverage within two years of its maturity or expiration date.

We will pay the accelerated benefit as a lump sum. We may make payments other than as a lump sum at your request subject to our approval. The accelerated benefit will first be used to repay any Policy Loan Balance. We will treat the accelerated benefit plus accrued interest as a lien against the death benefit proceeds. Your access to any Cash Surrender Value of this Policy through loans and partial withdrawals/Surrenders is limited to the excess of the Cash Surrender Value over the amount of the lien. We will reduce death benefit proceeds by the amount of the lien on the date of death.

Payment of an accelerated benefit is subject to the following conditions:

▪ The Insured must have a non-correctable medical condition that was first diagnosed while the Policy was in force.

▪ You must provide satisfactory proof that the expected remaining lifetime of the Insured is less than 12 months. This must include
a written statement from the Insured's attending physician certifying the Insured's life expectancy and any other proof we may require.
The physician must be a duly licensed physician who is licensed in the United States. The physician cannot be either you or the Insured,
nor related to either you or the Insured. We reserve the right to obtain a second medical opinion at our expense.

▪ The Policy must be in force other than as extended term insurance, decreasing term or paid-up term insurance.

▪ Any assignee or lienholder must release the assignment or existing lien.

▪ Any irrevocable Beneficiary must consent in writing to the accelerated benefit payment.

▪ You must assign the Policy to us for an amount equal to the lien and accrued interest. No further changes to the Policy will be permitted
without our consent.

▪ We must receive a written claim form that will be provided by us within 10 working days after you request it.

▪ The total accelerated benefit payments on the Insured from Policies with us and our affiliates will not exceed $500,000.

▪ This rider allows for the accelerated payment of death benefit proceeds, which would otherwise be payable to the Beneficiary of the
Policy. You cannot be required to access and exhaust these benefits. Therefore, you are not eligible for this benefit if you are required
by:

&nbsp;&nbsp;&nbsp;&nbsp;· The law to use this benefit to meet the claims of creditors, whether in bankruptcy or otherwise; or

&nbsp;&nbsp;&nbsp;&nbsp;· A government agency to use this benefit in order to apply for, obtain or otherwise keep a government benefit or entitlement.

After payment of the accelerated benefit, we will pay the minimum premium necessary to keep the basic Policy and any attached riders in force. The total of any premiums paid by us will be assigned to us, made a part of the lien and deducted from the death benefit proceeds.

We will charge interest on the lien. The interest accrues daily at the Policy Loan interest rate currently in effect. If no Policy Loan interest rate is stated, interest accrues daily at an effective annual interest rate of 8%.

Ameritas Advisor II VUL 31

The payment of any accelerated benefit under this rider is subject to the following:

(1) We may charge an administrative fee not to exceed .5% of the accelerated benefit. This administrative fee will be deducted from the
accelerated benefit.

(2) We will make only one accelerated benefit payment under this rider.

(3) After we pay the accelerated benefit, you may not surrender the Policy or terminate any rider coverage that was part of the eligible
amount.

Example: An Insured is diagnosed with a terminal illness with a certified life expectancy of 12 months or less. This rider gives the Insured the right to accelerate the lesser of 50% or $500,000 of the Specified Amount which will be held as an interest-accruing lien against the remaining death benefit. If the client has a $1 million death benefit, they would be able to accelerate up to $500,000.

**Advisory Fee Endorsement (Standard)**

You may have an independent agreement between you and a registered investment advisor. Advisory Fees are used to compensate an advisor for any management of your Policy subject to the terms you and your advisor have mutually agreed upon. The Advisory Fees deducted from your Policy are to pay for management and advice by your registered investment advisor pertaining to this Policy. Advisory Fees will not exceed 1.5% of the Account Value on an annualized basis and are not subject to a withdrawal charge. There is no minimum Advisory Fee amount. The maximum advisory fee amount is the lesser of:

▪ 1.5% of the Account Value on an annualized basis; or

▪ The Cash Surrender Value minus the sum of the next three monthly deductions.

Advisor fees result in (1) cancellation of the Accumulation Units from each applicable Subaccount; and (2) a reduction of the Account Value in the Fixed Account by the amount of the Advisory fee taken from the Fixed Account. You may tell us how to deduct the Advisory Fee from the Investment Options, provided that the remaining Account Value in each Subaccount is not less than the minimum subaccount balance shown on the Policy schedule. If you do not, we will deduct it Pro-Rata.

These Advisory Fees may be considered withdrawals from the Policy for tax purposes. The Specified Amount will not be reduced by the amount of these Advisory Fees. Advisory Fees may not be taken after the Insured reaches Attained Age 121 or if the Policy is in a paid-up status.

Example: A Policy Owner has a relationship with a registered investment advisor who manages a portion of his/her assets. A portion of those assets are held as part of the VUL policy. The client has a compensation agreement with the advisor, and this endorsement allows the Policy Owner to use funds from the policy to compensate their advisor. The client may select the percentage of compensation as well as the mode as long as the total compensation does not exceed 1.5% per year. After filling out the appropriate forms as required by us, we will use funds from the policy to compensate the advisor. When the funds are withdrawn from the policy, there will be no surrender charges or withdrawal charges assessed, and the withdrawals will not impact the specified amount of the policy.

**Children's Insurance Rider (Optional)**

This rider insures each child of the Insured if the child is:

▪ named in the application for this rider; or

▪ born after the date of the application; or

▪ adopted by the Insured after the date of the application and before the child's 18th birthday.

This rider does not insure any child less than 15 days old nor after the child's 25th birthday.

We will pay the benefit amount under this rider as soon as we receive satisfactory proof that an insured child died while this rider is in force. Unless otherwise provided, the benefit will be paid to:

▪ the Insured, if living; otherwise

▪ the Insured' *s* spouse, if any; otherwise

▪ the estate of the deceased.

If the Insured dies (except by suicide within two years of the effective date of this rider), existing insurance on each insured child will be continued at no cost until the child's 25th birthday.

Conversion will be allowed as provided by this rider. If the Insured commits suicide during the first two years of the Policy, there is a 31-day period for conversion for each insured child.

You may convert the insurance on each insured child, without evidence of insurability, no later than 31 days after the insured child's 25th birthday. The face amount of the new policy must be at least $25,000. You must give us Written Notice. Before the insured child's 25th birthday, the face amount of the new policy may not exceed the benefit amount of the rider on the date of conversion. On or after the insured child's 25th birthday, the face amount of the new policy may not exceed five times the benefit amount of the rider on the date of conversion.

The new policy may be any permanent plan issued by us on the date of conversion. The date of conversion will be the Monthly Date following Written Notice to us. The Policy Date of the new policy will be the date of conversion.

Ameritas Advisor II VUL 32

Insurance under this rider on that insured child will terminate on the date of conversion. The incontestability and suicide provisions of the new policy shall be measured from the effective date of this rider up to the benefit amount of this rider on the date of conversion. For any additional face amount, the incontestability and suicide provisions will run from the effective date of the new policy.

In the absence of fraud, we will not contest this rider with respect to each insured child after the benefit amount on that child has been in force during that child's life for two years. Our total liability will be to return the monthly rider charges paid while the insurance on that child's life was in force. We will not contest any increased benefit amount later than two years after its effective date. Our total liability for that increase will be to return the monthly rider charges for that increase paid while the increase was in force for that child. If this rider is reinstated, the incontestable period will start over again beginning on the reinstatement date, but only for statements made in the application for reinstatement.

If any insured child under this rider commits suicide (while sane or insane) within two years after the date that child's insurance starts, our total liability will be to return the monthly rider charges paid while the insurance on that child was in force. If any insured child under this rider commits suicide (while sane or insane) within two years after the effective date for an increase in the benefit amount, our total liability for that increase will be to return the monthly rider charges paid while the increase was in force for that child.

This rider will terminate:

▪ when the Policy terminates for any reason other than the death of the Insured; or

▪ on the first Monthly Date after you give us Written Notice; or

▪ on the expiry date shown on the Policy schedule.

You may put this rider back in force by Written Notice to us if:

▪ the Policy is in force;

▪ you provide *us* with evidence of insurability on each insured child within five years after the rider terminated; and

▪ enough premium is paid to keep this rider in force for three months.

Example: A Policy Owner has this rider attached to their Policy covering their 10-year-old child for an amount of $25,000. That child then dies. A $25,000 death benefit would be paid for the death of the child. This rider is no longer in force after the child's 25<sup>th</sup> birthday.

**Paid-Up Life Insurance Benefit Endorsement (Standard)**

The benefit provided by this endorsement will keep your Policy from lapsing when you have a large outstanding Policy Loan Balance. When the conditions specified below are met, you may elect this benefit, which will provide paid-up life insurance. Once you have elected this benefit, your Policy will not lapse.

You may elect this benefit only if the following requirements are met:

▪ the Insured is age 75 or older; and,

▪ the Policy is in its 11<sup>th</sup> Policy year or later; and,

▪ the outstanding Policy Loan Balance is more than 92.5%, but less than 96% of the Policy Value. If the outstanding Policy Loan Balance
is greater than 96% of your Policy Value, you can repay Policy Loan Balance to bring the balance within the range of 92.5% and 96% of
your Policy Value; and,

▪ the outstanding Policy Loan Balance is more than the Specified Amount; and

▪ The Internal Revenue Code Life Insurance Qualification Test chosen at policy issue was the guideline premium test ("GPT").

Electing this benefit will change your Policy as follows:

▪ We will deduct 3.5% of the Policy Value on the date you elect this benefit.

▪ After we take the 3.5% deduction, we will set the Specified Amount to 105% of the remaining Policy Value. No further changes in the
Specified Amount will be allowed.

▪ We will set the death benefit option to Option A as described in your Policy. No further changes in the death benefit option will
be allowed. The death benefit at any time after you elect the benefit will equal the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;· the Specified Amount;

&nbsp;&nbsp;&nbsp;&nbsp;· the Policy Value multiplied by the Corridor Factor as shown in your Policy;

&nbsp;&nbsp;&nbsp;&nbsp;· the outstanding Policy Loan Balance multiplied by the Corridor Factor as shown in your Policy.

▪ The death benefit proceeds will equal the death benefit on the Insured's date of death minus any outstanding Policy Loan Balance.

▪ Any riders attached to the Policy will terminate, and any charges or fees associated with the riders will cease.

▪ We will not accept any additional premiums.

▪ You may not take additional partial withdrawals and loans, except for automatic loans to cover loan interest not paid when due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· We will stop taking Monthly Deductions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· All amounts not allocated to the Loan Account must be allocated to the Fixed Account.

Ameritas Advisor II VUL 33

Electing the benefit provided by this endorsement may have adverse tax consequences. The Internal Revenue Service has not ruled on the use of this endorsement. We strongly urge you to consult legal counsel and your personal tax adviser before electing this benefit.

Example: An Insured with attained age 80 is in their 20<sup>th</sup> Policy year. The Policy Loan Balance is between 92.5% and 96% of the Policy Value, and the Policy Value is greater than the Specified Amount. The Insured chooses to elect the Paid-Up Insurance Benefit Endorsement. A charge of 3.5% of the Policy Value is taken from the Policy, the Specified Amount is set to 105% of the remaining Policy Value. The Death Benefit Option is changed to Death Benefit Option A, no further premiums are accepted, all riders are terminated, monthly deductions cease, and no further changes to the Policy are allowed. Upon death, the Beneficiary receives the death benefit minus any outstanding Policy Loan Balance.

**Waiver of Monthly Deduction Rider (Optional)**

We will waive the Monthly Deduction for the Policy and riders stated on the Policy schedule, upon receipt of satisfactory proof that:

▪ the Insured is totally disabled; and

▪ total disability began while this rider was in force; and

▪ total disability has continued for six consecutive months.

The benefit will begin on the Monthly Date after the start of the six-month period. If total disability begins:

▪ Before age 60: the benefit will be credited during that disability.

▪ On or after age 60, but before age 63: the benefit will be credited only before age 65 while that disability continues.

▪ On or after age 63, but before age 65: the benefit will be credited only during the two-year period after that disability begins and
while it continues.

As used in this rider, "age 60," "age 63," and "age 65" mean the annual date that is nearest the Insured's 60th, 63rd and 65th birthdays, respectively.

Total disability is a disability which

▪ results from bodily injury or disease; and

▪ lasts for at least six months; and

▪ begins before age 65; and

▪ continuously prevents the Insured from being able to engage in an occupation for pay or profit. During the first 24 months of total
disability, "an occupation" means the regular occupation of the Insured at the time that total disability began. After the first 24 months of total disability, "an occupation" means any occupation for which the Insured is or becomes reasonably suited by education, training or experience. "Occupation for pay or profit" includes being a full-time student or a homemaker, if that was the Insured's regular
occupation at the time that the total disability began.

Total disability is also the total and irrevocable loss, by the Insured, of:

▪ the sight of both eyes; or

▪ the use of both hands; or

▪ the use of both feet; or

▪ the use of one hand and one foot.

Written Notice and satisfactory proof of the Insured's total disability must be given to us:

▪ during the life of the Insured; and

▪ during the period of total disability; and

▪ within one year after the beginning of the total disability.

Failure to give Written Notice and satisfactory proof within the time required will not invalidate a claim if the Written Notice and satisfactory proof were given as soon as was reasonably possible; however, no amount due more than one year prior to receipt of satisfactory proof by us will be paid.

Satisfactory proof of continuance of total disability must be given to us as often as we reasonably require. After the first two years of continuous total disability, satisfactory proof will not be required more than once a year. Examination of the Insured at our expense by physicians approved by us may be required as a part of any satisfactory proof. If satisfactory proof is not given to us when required, no further Monthly Deductions will be waived.

No benefit will be paid if disability results from or is contributed to by:

▪ i n t e n ti o n all y s e l f - i n f li c t e d i n j u r y ; o r

▪ a n a c t o f d ec la r e d o r u n d ec la r e d w a r w h il e t h e Insured
i s a m e m b e r o f a n y a r m e d fo r ce s .

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This rider will terminate:

▪ w h e n t h e P o li c y t e r m i n at e s ; o r

▪ o n t h e f i r s t
Monthly Date a f t e r y o u g i v e u s Written Notice ; o r

▪ o n t h e e xp i r y d at e s h o w n o n t h e P o li c y s c h e du l e . H o w e v e r , t h i s t e r m i n ati o n w il l n o t a ff ec t a n e li g i b l e c lai m fo r d i s a b ilit y t h a t o cc u rr e d b e fo r e a g e 65 .

Example: The owner of a Policy with this rider suffers a covered disability at age 45. After six months of disability, all monthly deductions from the Policy will be waived. The Insured then recovers at age 48, and monthly deductions under the Policy are resumed.

**Dollar Cost Averaging Program (Standard)**

Dollar Cost Averaging allows you to automatically transfer, on a periodic basis, a set dollar amount or percentage from the Money Market Subaccount or the Fixed Account to any other Subaccount(s) or the Fixed Account. Requested percentages are converted to a dollar amount. You can begin Dollar Cost Averaging when you purchase the Policy or later. You can increase or decrease the amount or percentage of transfers or discontinue the program at any time. We must receive notice of your election and any changed instruction – either Written Notice or by telephone transaction instruction. Dollar Cost Averaging is intended to limit loss by resulting in the purchase of more Accumulation Units when a portfolio's value is low, and fewer units when its value is high. However, there is no guarantee that such a program will result in a higher Account Value, protect against a loss, or otherwise achieve your investment goals. You can limit the number of transfers to be made, in which case the program will end when that number has been made. Otherwise, the program will terminate when the amount remaining in the Money Market Subaccount or the Fixed Account is less than $100. For more information regarding Dollar Cost Averaging rules, see the **SYSTEMATIC TRANSFER PROGRAMS** – **Dollar Cost Averaging Program** under the **GENERAL DESCRIPTION OF THE POLICY** section.

**Portfolio Rebalancing Program (Standard)**

The Portfolio Rebalancing program allows you to rebalance your Account Value among designated Subaccounts only as you instruct. You must request the rebalancing program, give us your rebalancing instructions, or request to end this program either by Written Notice or by telephone transaction instruction. You may change your rebalancing allocation instructions at any time. Any change will be effective when the next rebalancing occurs. For more information regarding Portfolio Rebalancing Program rules, see the **SYSTEMATIC TRANSFER PROGRAMS** – **Portfolio Rebalancing Program** under the **GENERAL DESCRIPTION OF THE POLICY** section.

**Earnings Sweep Program (Standard)**

The Earnings Sweep program allows you to rebalance your Account Value by automatically allocating earnings from your Subaccounts among designated Investment Options (Subaccounts or the Fixed Account) either based on your original Policy allocation of premiums or pursuant to new allocation instructions. You must request the Earnings Sweep program, give us your allocation instructions, or request to end this program either by Written Notice or by telephone transaction instruction. You may change your Earnings Sweep program instructions at any time. Any change will be effective when the next sweep occurs. For more information regarding the Earnings Sweep Program rules, see the **SYSTEMATIC TRANSFER PROGRAMS** – **Earnings Sweep Program** under the **GENERAL DESCRIPTION OF THE POLICY** section.

**Loans** (Standard)

You may obtain a loan secured by the Cash Surrender Value of your Policy. Any loan transaction will permanently affect your Account Value. For additional information regarding Policy Loans, refer to the **LOANS** section.

**SURRENDERS AND WITHDRAWALS**

**Cash Surrender**

While the Insured is alive, you may terminate the Policy for its Cash Surrender Value. After a full Surrender, all your rights in the Policy end, and you may not reinstate the Policy.

**Cash Surrender Rules**

▪ We will accept a full Surrender request signed by you on our form of Written Notice by mail or facsimile. However, when accepting
a request by a method not requiring an original signature, there is a greater possibility that unauthorized persons can manipulate your
signature and make changes on your Policy (including withdrawals) without your knowledge.

▪ Any Cash Surrender Value available under the Policy at any time other than on a Policy Anniversary, shall be calculated with allowance
for lapse of time from the last preceding anniversary.

▪ The Policy has no Surrender charge.

▪ We may defer Surrender payments from the Fixed Account for up to six months from the date we receive your request.

**Partial Withdrawal**

While the Insured is alive, you may withdraw part of the Account Value. The amount requested and any partial withdrawal charge will usually be deducted from the Account Value on the date we receive your request if received before 3 p.m. Central Time.

Ameritas Advisor II VUL 35

We may deduct a partial withdrawal fee, which will not exceed the maximum partial withdrawal fee of $50.

If *Death Benefit Option A* (described above) is in effect, then the Specified Amount will be reduced by the partial withdrawal amount plus any fee.

If *Death Benefit Option B or Option C* (described above) is in effect, the Account Value will be reduced by the amount of the partial withdrawal, but the Specified Amount of insurance coverage will not change.

If *Death Benefit Option C* (described above) is in effect and the sum of partial withdrawals taken is greater than the sum of premiums paid, the death benefit may be less than the Specified Amount.

**Partial Withdrawal Rules**

▪ We will accept a partial withdrawal request signed by you on our form of Written Notice by mail or facsimile.

▪ The applicable partial withdrawal charge is stated in the **CHARGES** section of this prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;· The *minimum* partial withdrawal amount is $100; the *maximum* is an amount such that the remaining Cash Surrender Value
is at least an amount sufficient to maintain the Policy in force for the next three months.

▪ A partial withdrawal is irrevocable.

▪ For tax purposes, partial withdrawals are treated as made first from premiums paid and then from earnings, beginning with the most
recent premium payment, unless the Policy is a modified endowment contract.

▪ Partial withdrawals will be deducted from your Policy Investment Options on a Pro-Rata basis, unless you instruct us otherwise. You
may tell us how to allocate the partial withdrawal among the Investment Options, provided that the remaining Account Value in each Subaccount
is not less than $100, if you do not tell us, we will deduct it Pro-Rata.

▪ Partial withdrawals result in cancellation of Accumulation Units from each applicable Subaccount.

▪ We reserve the right to defer withdrawal payments from the Fixed Account for up to six months from the date we receive your request.

▪ Depending upon the circumstances, a partial withdrawal may have tax consequences.

**Advisory Fee Withdrawals**

If you elect to pay the Investment Advisory Fees from the Account Value, you have done so pursuant to a separate agreement between yourself and your financial professional. Ameritas Life has not made any independent investigation of these financial professionals, and is not endorsing such services. Ameritas Life will, pursuant to an Advisory Fee Authorization signed by you, process a partial withdrawal from the value of your Policy to pay for the services of your financial professional. The advisory fees are separate from and in addition to the Policy and optional rider fees and expenses described in this Prospectus. Your financial professional will be solely responsible for the accuracy of any such advisory fee payment calculation as well as the frequency or reasonableness of each withdrawal request to pay advisory fees. We have no duty to inquire into the amount of the Account Value submitted for withdrawal but we will follow instructions provided through the Advisory Fee Authorization and ensure the amount requested is distributed and processed accurately. We will not allow or make an advisory fee withdrawal until we have a completed Advisory Fee Authorization from the Policy Owner.

You may authorize your financial professional to make withdrawals to pay advisory fees from your Policy by submitting the Advisory Fee Authorization. This authorization is used to authorize your financial professional to deduct advisory fees directly from your Policy, change or terminate any prior advisory fee authorization, and to change the financial professional that services your Policy. Thereafter, your financial professional must submit a written request for each one-time withdrawal to pay advisory fees or to establish or change a systematic withdrawal program to pay advisory fees, if available. Any systematic withdrawal program will continue until you terminate it. Your authorized withdrawals to pay advisory fees will be noted on your confirmation statements and/or your quarterly statements, as well as on your annual statements.

If you elect to authorize your financial professional to make withdrawals to pay advisory fees from your Account Value, the advisory fee will be deducted from the Investment Options on a Pro-Rata basis. Specific Investment Options may be chosen with a systematic withdrawal program, only if available. Your financial professional can have the fee deducted on an annual, semi-annual, quarterly, or monthly (for systematic withdrawal programs only) basis. Work with your financial professional to determine which options work for you.

Withdrawals to pay advisory fees (regardless of percentage or amount withdrawn) will not reduce the Specified Amount. However, withdrawals to pay advisory fees will reduce the Account Value by the withdrawal amount. In some cases, such as when the Policy's death benefit is driven by the Corridor Factor, withdrawing part of the Account Value may result in a death benefit reduction that is larger than the amount of the partial withdrawal. Withdrawals used to pay Advisory Fees are subject to the same restrictions and limitations for partial withdrawals generally, as described above.

**Delay of Payments or Transfers**

We will usually pay any amounts from the Separate Account requested as a partial withdrawal or Surrender within seven days after we receive your Written Notice. We can postpone such payments or any transfers out of a Subaccount if:

▪ the NYSE is closed for other than customary weekend and holiday closings, or trading on the NYSE is restricted as determined by the
SEC; or

▪ the SEC permits delay for the protection of security holders; or

▪ an emergency exists as determined by the SEC, as a result of which it is not reasonably practical to dispose of securities, or not
reasonably practical to determine the value of the net assets of the Subaccounts.

The applicable rules of the SEC will govern as to whether these conditions exist.

Ameritas Advisor II VUL 36

We may defer payments of a Policy Loan, partial withdrawal or full Surrender from the Fixed Account for up to six months from the date we receive your Written Notice requesting the loan, withdrawal or Surrender.

For information regarding your "right to examine" and "free look," see **"Right to Examine" Period** under the **PREMIUMS** section and **STATE VARIATIONS** under the **GENERAL DESCRIPTION OF THE POLICY** section.

**LOANS**

You may obtain a loan secured by the Cash Surrender Value of your Policy. Any loan transaction will permanently affect your Account Value. We may require you to sign a loan agreement. You may ask your sales representative or us to provide illustrations giving examples of how a loan might affect your Account Value, Cash Surrender Value and death benefit.

Surrender or lapse of a Policy while a loan is outstanding could result in significant tax consequences. See the discussion at **Tax Treatment of Loans and Other Distributions**.

The following chart applies to Policies dated prior to January 1, 2022.

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| | |
|:---|:---|
| **Amount You Can Borrow** | **Loan Interest Rate** |
| <u>Standard Policy Loan</u>. You may borrow no more than:<br> ▪ the Cash Surrender Value; minus<br> ▪ loan interest on Policy Loan Balance including the requested loan to the next Annual Date; minus<br> ▪ the sum of the next three Monthly Deductions. | <u>Standard Loan Interest Rate</u>. Current net annual loan interest rate of 1.0%: we charge a current interest rate with a 4.0% effective annual yield (guaranteed not to exceed 4.0%), but we also credit an interest rate with an effective annual yield of 3.0% to any amounts in the Loan Account. |
| **Amount You Can Borrow** | **Loan Interest Rate** |
| <u>Preferred Rate Policy Loan</u>. After five (5) Policy years, a portion of the Policy Loan Balance may qualify for the preferred loan interest rate. The portion eligible for the preferred loan interest rate is:<br> ▪ the Account Value; plus<br> ▪ the sum of partial withdrawals taken, minus<br> ▪ the sum of premiums paid. | <u>Preferred Loan Interest Rate</u>. Current net annual loan interest rate of 0.0%: we charge a current interest rate with a 3.0% effective annual yield (guaranteed not to exceed 3.5%), but we also credit an interest rate with an effective annual yield of 3.0% to any amounts in the Loan Account. |

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The following chart applies to Policies dated on or after January 1, 2022.

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| | |
|:---|:---|
| **Amount You Can Borrow** | **Loan Interest Rate** |
| <u>Standard Policy Loan.</u> You may borrow no more than:<br> ▪ the Cash Surrender Value; minus<br> ▪ loan interest on Policy Loan Balance including the requested loan to the next Annual Date; minus<br> ▪ the sum of the next three Monthly Deductions. | Standard Loan Interest Rate. Current net annual loan interest rate of 1.0% (guaranteed not to exceed 3%): we charge a current interest rate with a 4.0% effective annual yield (guaranteed not to exceed 4.0%), but we also credit an interest rate with an effective annual yield of 3.0% (guaranteed to be at least 1.0%) to any amounts in the Loan Account. |
| **Amount You Can Borrow** | **Loan Interest Rate** |
| <u>Preferred Rate Policy Loan</u>. After five (5) Policy years, a portion of the Policy Loan Balance may qualify for the preferred loan interest rate. The portion eligible for the preferred loan interest rate is:<br> ▪ the Account Value; plus<br> ▪ the sum of partial withdrawals taken, minus<br> ▪ the sum of premiums paid. | <u>Preferred Loan Interest Rate</u>. Current net annual loan interest rate of 0.0% (guaranteed not to exceed 2.5%): we charge a current interest rate with a 3.0% effective annual yield (guaranteed not to exceed 3.5%), but we also credit an interest rate with an effective annual yield of 3.0% (guaranteed to be at least 1.0%) to any amounts in the Loan Account. |

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**Loan Rules**

▪ The Policy must be assigned to us as security for the loan.

▪ We will accept a loan request signed by you on our form of Written Notice by mail or facsimile. However, when accepting a request
by a method not requiring an original signature, there is a greater possibility that unauthorized persons can manipulate your signature
and make changes on your Policy (including withdrawals) without your knowledge.

▪ We will transfer all loan amounts from the Subaccounts and the Fixed Account to a Loan Account. The amounts will be transferred on
a Pro-Rata basis, unless you instruct us otherwise. If the value of an Investment Option after a transfer pursuant to your instructions
is less than $100, the amounts will be transferred on a Pro-Rata basis.

▪ Interest accrues daily and becomes a part of the Policy Loan Balance. Loan interest is due on each Annual Date. If the interest is
not paid when due, we will transfer an amount equal to the unpaid loan interest only from the Policy Investment Options you designate;
if that is not possible (due to insufficient value in an Investment Option you elect) or you have not provided such instructions, we will
deduct loan interest on a Pro-Rata basis from balances in all Subaccounts and the Fixed Account.

Ameritas Advisor II VUL 37

▪ If the Policy Loan Balance exceeds Account Value minus accrued expenses and charges, you must pay the excess or your Policy will lapse.

▪ You may repay the Policy Loan Balance in full or in part any time while the Policy is in force. We will deduct the amount of the loan
repayment from the Loan Account and allocate that amount among the Subaccounts and the Fixed Account in the same percentages as Net Premium
is allocated on the date of repayment. You must instruct us to treat your payment as a loan repayment; otherwise, we will treat any unspecified
payment as premium. Loan repayments will not incur a maximum sales charge imposed on premiums (load).

▪ The death benefit will be reduced by the amount of any Policy Loan Balance on the date of the Insured's death.

▪ We may defer making a loan from the Fixed Account for up to six months unless the loan is to pay premiums to us.

A Policy Loan Balance, whether or not repaid, will affect the Cash Surrender Value of your Policy over time. We will transfer all loan amounts from the Subaccounts and the Fixed Account to a Loan Account. The Loan Account does not participate in the investment experience of the Investment Options or receive the potentially higher current interest rate credited to the Fixed Account.

**LAPSE AND REINSTATEMENT**

**Lapse and Grace Period**

**<u>Lapse</u>**

Because Account Value can fluctuate depending upon the performance of your selected variable Investment Options, your Policy can lapse, even if you pay all Planned Periodic Premiums on time.

 

**Lapse of the Policy may result in adverse tax consequences.**<br> **See discussion at Tax Treatment of Loans and Other Distributions.**<br>

This Policy will lapse with no value when the Policy's Cash Surrender Value is not enough to cover any due but unpaid charges.

**<u>Grace Period</u>**

If the Cash Surrender Value on any Monthly Date is less than the Monthly Deduction for the next Policy month, you will have a 61-day grace period to make a premium payment to continue your Policy. The minimum premium to continue the Policy is the amount which will result in the Cash Surrender Value on the date the grace period began being equal to the current Monthly Deduction plus the next two Monthly Deductions. At the start of the grace period, we will mail a notice of the minimum premium necessary to keep the Policy in force to you at your current address on record with us and to any assignee on record. Insurance coverage continues during the grace period. If sufficient premium is not paid by the end of the grace period, the Policy will terminate without value as of the first day of the grace period. A death benefit will not be paid if the Policy has lapsed. If the Insured dies during the grace period, we will pay the death benefit proceeds.

**Reinstatement**

If the Policy lapses because a grace period ended without a sufficient payment being made, you may reinstate it within five years of the date of lapse, so long as the Insured is Attained Age 80 or less. To reinstate, we must receive:

▪ Written application signed by you and the Insured;

▪ Evidence of the Insured's insurability satisfactory to us, and the insurability of any insured covered under an optional benefit rider;

▪ Premium at least equal to (a + b - c) divided by (d) where :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of all due and unpaid *Monthly Deductions* during the grace period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the sum of *Monthly Deductions* for three months from the date of reinstatement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is the *Account Value* at the beginning of the grace period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) is one minus the premium charge.

▪ Repayment or reinstatement of any outstanding Policy Loan Balance.

The effective date of reinstatement will be the Monthly Date on or next following the date the reinstatement is approved.

The Account Value on the date of reinstatement will equal the <u>Net Premium paid to reinstate the Policy; plus the Account Value at the beginning of the grace period; minus the sum of the due and unpaid Monthly Deductions during the grace period.</u>

The Policy cannot be reinstated once it has been fully Surrendered.

**TAXES**

 

*The following is only general information about federal tax law and is not intended as tax advice to any individual. Tax laws affecting the Policy are complex, may change and are affected by your facts and circumstances. We cannot guarantee the tax treatment of the Policy or any transaction involving the Policy. You should consult your own tax adviser as to how these general rules and any applicable taxes will apply to you if you purchase a Policy.* 

Ameritas Advisor II VUL 38

**<u>Life Insurance Qualification; Tax Treatment of Death Benefit</u>**

The Internal Revenue Code, as amended (the "Code") defines a life insurance contract for federal income tax purposes. This definition can be met if an insurance contract satisfies either one of two tests. The Code and related regulations do not directly address the manner in which these tests should be applied to certain features of the Policy. Thus, there is some uncertainty about how those tests apply to the Policy.

Nevertheless, we believe the Policy qualifies as a life insurance contract for federal tax purposes, so that:

▪ you should not be considered in constructive receipt of the Cash Surrender Value, including any increases in Cash Surrender Value,
unless and until it is distributed from the Policy and

▪ the death benefit generally should be fully excludable from the Beneficiary's gross income; however, special rules apply to employer
owned life insurance or if the policy is transferred for value, particularly in a reportable policy sale. The death benefit of life insurance
owned by an employer is taxable unless the Insured is a certain class of employee and has been given notice and has consented to coverage
on his life. Specific statutory requirements must be satisfied for the death benefit of employer owned life insurance to be excluded from
taxable income.

We reserve the right to make such changes in the Policy as we deem necessary to assure it qualifies as a life insurance contract under the Code and continues to provide the tax benefits of such qualification.

*<u>Modified Endowment Contracts</u>.* The Code establishes a class of life insurance contracts designated as modified endowment contracts. Distributions from a modified endowment contract are taxed under different rules, most notably distributions are treated as from income first (to the extent of any gain in the contract) then from cost basis. There are other differences related to modified endowment contracts, such as loans being treated as a distribution (see Tax Treatment of Loans and Other Distributions below). The rules governing whether a Policy will be treated as a modified endowment contract are extremely complex. In general, a Policy is a modified endowment contract if the accumulated premium payments made at any time during the first seven Policy years exceed the sum of the net level premium payments which would have been paid on or before such time if the Policy provided for paid-up future benefits after the payment of seven level annual premiums. A Policy may also become a modified endowment contract because of a material change. The determination of whether a Policy is a modified endowment contract after a material change generally depends upon the relationship of the Policy's death benefit and Account Value at the time of such change and the additional premium payments made in the seven years following the material change. A Policy may also become a modified endowment contract if the death benefit is reduced.

This Policy's flexibility and how you tailor it to meet your needs could cause it to be a modified endowment contract. We recommend you consult with a tax adviser to determine if desired Policy transactions may cause such treatment. <u>When a premium payment is credited which we believe causes the Policy to become a modified endowment contract, we will notify you</u> and offer you the opportunity to request a refund of that premium in order to avoid such treatment. You have 30 days after receiving such a notice to request the refund.

A Policy issued in exchange for a modified endowment contract is also treated as a modified endowment contract. However, we believe that a Policy issued in exchange for a life insurance Policy that is <u>not</u> a modified endowment contract will generally not be treated as a modified endowment contract if the death benefit of the Policy is greater than or equal to the death benefit of the Policy being exchanged. The payment of any premiums at the time of or after the exchange may, however, cause the Policy to become a modified endowment contract. You may, of course, choose to not make additional payments in order to prevent a Policy from being treated as a modified endowment contract.

**<u>Special Considerations for Corporations and Employers</u>**

Premium paid by a business for a life insurance Policy is not deductible as a business expense or otherwise if the business is directly or indirectly a Beneficiary of the Policy. In 2006, Congress adopted new rules relating to Employer Owned Life Insurance. Any employer contemplating the purchase of a new life insurance contract or a change in an existing contract should observe the Employee Notice and Consent requirements to avoid the income taxation of the life insurance death benefits and consult a tax adviser regarding filing IRS Form 8925.

**<u>Tax Treatment of Loans and Other Distributions</u>**

Upon a Surrender or lapse of the Policy, if the amount received plus any outstanding Policy Loan Balance exceeds the total cost basis in the Policy, the excess generally will be treated as ordinary income subject to tax, regardless of whether a Policy is or is not a modified endowment contract. However, the tax consequences of distributions from, and loans taken from or secured by, a Policy depend on whether the Policy is classified as a modified endowment contract.

**"<u>Cost Basis in the Policy</u>"** means:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the total of any premium payments or other consideration paid for the Policy, *<u>minus</u>*<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· any withdrawals previously recovered that were not taxable.<br>

*<u>Distributions from Policies Classified as Modified Endowment Contracts</u>* are subject to the following tax rules:

▪ All distributions, including Surrender and partial withdrawals, are treated as ordinary income subject to tax to the extent the excess
(if any) of the Account Value immediately before the distribution exceeds the cost basis in the Policy at such time.

Ameritas Advisor II VUL 39

▪ Loans from or secured by the Policy are treated as distributions and taxed accordingly. If you do not repay loan interest, the loan
interest itself is treated as a distribution.

▪ A 10% additional income tax is imposed
on the portion of any distribution, loan, or assignment of the Policy that is included in income except where the distribution or loan
is made on or after the Owner attains age 59½, is attributable to the Owner's becoming disabled, or is part of a series of substantially
equal periodic payments for the life (or life expectancy) of the Owner or the joint lives (or joint life expectancies) of the Owner and
the Owner's Beneficiary.

*<u>Distributions from Policies Not Classified as Modified Endowment Contracts</u>* are generally treated as first recovering the cost basis in the Policy and then, only after the return of all such cost basis in the Policy, as distributing taxable income. An exception to this general rule occurs in the case of a decrease in the Policy's death benefit or any other change that reduces benefits under the Policy in the first 15 years after the Policy is issued and that results in a cash distribution to the Owner in order for the Policy to continue complying with the Code's definition of life insurance. Such a cash distribution will be taxed in whole or in part as ordinary income (to the extent of any gain in the Policy).

Loans from, or secured by, a Policy that is not a modified endowment contract are not treated as distributions. However, it is possible that reduced rate loans could be treated as distributions rather than loans.

Distributions (including upon Surrender and partial withdrawals) and loans from, or secured by, a Policy that is <u>not</u> a modified endowment contract are not subject to the 10% additional income tax rule. If a Policy is not now but later becomes a modified endowment contract, then any distributions made from the Policy within two years prior to the change will become taxable pursuant to modified endowment contract rules.

**<u>Other Policy Owner Tax Matters</u>**

Depending on the circumstances, the exchange of a Policy, a change in the Policy's death benefit option, a Policy Loan, a partial or full Surrender, a lapse, a change in ownership, or an assignment of the Policy may have federal income tax consequences. In addition, federal, state and local transfer and other tax consequences of ownership or receipt of distributions from a Policy depend on the circumstances of each Owner or Beneficiary.

*<u>Interest paid on Policy Loans</u>* generally is not tax deductible.

 

*<u>Advisory Fee Endorsement.</u>* Paying Advisory Fees from the Policy is considered a distribution and may have tax consequences. The Internal Revenue Service has not ruled on the use of this endorsement. We strongly urge you to consult legal counsel and your personal tax adviser.

*<u>Aggregation of modified endowment contracts.</u>* Pre-death distributions (including a loan, partial withdrawal, collateral assignment or full Surrender) from a Policy that is treated as a modified endowment contract may require a special aggregation to determine the amount of income recognized on the Policy. If we or any of our affiliates issue more than one modified endowment contract to the same Policy Owner within any 12-month period, then for purposes of measuring the income on the Policy with respect to a distribution from any of those Policies, the income for all those Policies will be aggregated and attributed to that distribution.

*<u>Federal and state estate, inheritance and other tax consequences</u>* of ownership or receipt of proceeds under the Policy depend upon your or the Beneficiary's individual circumstances.

*<u>Diversification requirements.</u>* Investments of the Separate Account must be "adequately diversified" for the Policy to qualify as a life insurance contract under the Code. Any failure to comply with diversification requirements could subject you to immediate taxation on the incremental increases in Account Value plus the cost of insurance protection for the year. However, we believe the Policy complies fully with such requirements.

 

*<u>Owner control.</u>* The Treasury Department stated that it anticipates the issuance of regulations or rulings prescribing the circumstances in which your control of the investments of the Separate Account may cause you, rather than us, to be treated as the owner of the assets in the Separate Account. For variable life policies to qualify for tax deferral, assets in the separate accounts supporting the Policy must be considered owned by the insurance company and not by the Policy Owner. If you are considered the Owner of the assets of the Separate Account, income and gains from the Separate Account would be included in your gross income.

The application of the investor control doctrine is subject to some uncertainty. The ownership rights under the Policy are similar to, but different in certain respects from, those described by the IRS in rulings in which it determined that owners were not owners of separate account assets. For example, you have additional flexibility in allocating Policy premium and Account Value. These differences could result in you being treated as the owner of a Pro-Rata share of the assets of the Separate Account. In addition, we do not know what standards will be set forth in future regulations or rulings which the Treasury may issue. We therefore reserve the right to modify the Policy as necessary to attempt to prevent you from being considered the Owner of the assets of the Separate Account.

 

*<u>Paid-Up Life Insurance Benefit Endorsement.</u>* Electing this benefit may have adverse tax consequences. The Internal Revenue Service has not ruled on the use of this endorsement. We strongly urge you to consult legal counsel and your personal tax adviser before electing this benefit.

 

Ameritas Advisor II VUL 40

 

*<u>Tax-advantaged arrangements.</u>* The Policy may be used in various arrangements, including non-qualified deferred compensation, split dollar arrangements and others. The tax consequences of such arrangements may vary depending on the particular facts and circumstances of each individual arrangement. If you are contemplating the use of the Policy in any arrangement the value of which depends in part on its tax consequences, you should be sure to consult a qualified tax adviser regarding the tax attributes of the particular arrangement and the suitability of this Policy for the arrangement.

*<u>Split-Dollar Arrangements.</u>* The IRS and the Treasury Department have issued guidance that substantially affects split-dollar arrangements. Consult a qualified tax adviser before entering into or paying additional premiums with respect to such arrangements.

Also, on July 30, 2002, the Sarbanes-Oxley Act of 2002 became law and required significant accounting and corporate governance reform. This Act prohibits, with limited exceptions, publicly-traded companies from extending many types of personal loans to their directors or executive officers. This prohibition may be interpreted as applying to some arrangements for split-dollar life insurance policies for directors and executive officers of such companies, since such insurance may be viewed as involving a loan from the employer for at least some purposes. Any affected business contemplating the payment of a premium on an existing Policy, or the purchase of a new Policy, in connection with a split-dollar life insurance arrangement should consult legal counsel.

*<u>Tax Shelter Regulations.</u>* Prospective owners should consult a tax adviser about the treatment of the Policy when used in a plan or arrangement that under the Treasury Regulations would be considered a tax shelter.

**LEGAL PROCEEDINGS**

We and our subsidiaries, like other life insurance companies, are subject to regulatory and legal proceedings in the ordinary course of our business. Certain of the proceedings we are involved in assert claims for substantial amounts. While it is not possible to predict with certainty the ultimate outcome of any pending or future case, legal proceeding or regulatory action, we do not expect the ultimate result of any of these actions to result in a material adverse effect on the Separate Account, our ability to meet our obligations under the Policies, or AIC's ability to perform its obligations. Nonetheless, given the large or indeterminate amounts sought in certain of these matters, and the inherent unpredictability of litigation, it is possible that an adverse outcome in certain matters could from time to time have a material adverse effect on any or all of the above.

**FINANCIAL STATEMENTS**

Our financial statements are included in a Statement of Additional Information ("SAI"). For information on how to obtain copies of these financial statements, at no charge, see the **STATEMENT OF ADDITIONAL INFORMATION; REGISTRATION STATEMENT** provision on the last page of this prospectus.

**DISTRIBUTION OF THE POLICY**

Our Underwriter, AIC, enters into contracts with various broker-dealers ("Distributors") to distribute Policies. These Distributors are registered with the SEC and are members of the Financial Industry Regulatory Authority. All persons selling the Policy must be registered representatives of the Distributors, and also must be licensed as insurance agents to sell variable insurance products. There is no premium load to cover sales and distribution expenses. All compensation or expense reimbursement received by AIC for serving as principal underwriter of the Policies will be paid by us from our other assets or surplus in our general account, which may include profits derived from other charges made under the Policies. Policies can be purchased directly from us through our direct consumer services, with salaried employees who are registered representatives of AIC and who will not receive compensation related to the purchase.

Ameritas Advisor II VUL 41

**APPENDIX A: PORTFOLIO COMPANIES AVAILABLE UNDER THE POLICY**

The following is a list of Portfolio Companies available under the Policy. More information about the Portfolio Companies is available in the prospectuses for the Portfolio Companies, which may be amended from time to time and can be found online at ameritasdirect.com/prospectuses/. You can also request this information at no cost by calling 800-255-9678 or by sending an email request to ALICTD@ameritas.com.

The current expenses and performance information below reflects fees and expenses of the Portfolio Companies, but do not reflect the other fees and expenses that your Policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio Company's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type / Investment Objective** | **Portfolio Company and *Adviser / Subadviser(s)*** | **Current<br> Expenses** | **Average Annual Total<br> Returns<br> as of 12/31/2022** | **Average Annual Total<br> Returns<br> as of 12/31/2022** | **Average Annual Total<br> Returns<br> as of 12/31/2022** |
| **Type / Investment Objective** | **Portfolio Company and *Adviser / Subadviser(s)*** | **Current<br> Expenses** | **1 year** | **5 year** | **10 year** |
| Pursues long-term total return using a strategy that seeks to protect against U.S. inflation. | American Century VP Inflation Protection Fund, Class I, *American Century Investment Management, Inc.* |  |  |  |  |
| Long-term capital growth. Income is a secondary objective. | American Century VP Mid Cap Value Fund, Class I, *American Century Investment Management, Inc.* |  |  |  |  |
| Seeks to provide growth of capital. | American Funds IS Growth Fund, Class 1, *Capital Research and Management Company (SM)* |  |  |  |  |
| Seeks to achieve long-term growth of capital and income. | American Funds IS Growth-Income Fund, Class 1, *Capital Research and Management Company (SM)* |  |  |  |  |
| Seeks to provide long-term growth of capital. | American Funds IS International Fund,<br> Class 1, *Capital Research and Management Company (SM)* |  |  |  |  |
| Seeks to provide long-term capital appreciation. | American Funds IS New World Fund, Class 1, *Capital Research and Management Company (SM)* |  |  |  |  |
| Seeks to produce income and to provide an opportunity for growth of principal consistent with sound common stock investing. | American Funds IS Washington Mutual Investors Fund, Class 1, *Capital Research and Management Company (SM)* |  |  |  |  |
| Investing to correspond with the returns of the MSCI EAFE Index. | Calvert VP EAFE International Index Portfolio, Class I, *Calvert Research and Management* |  |  |  |  |
| Investing to correspond with the returns of the Russell 2000 Index. | Calvert VP Russell 2000 Small Cap Index Portfolio, Class I, *Calvert Research and Management / Ameritas Investment Partners, Inc. <sup>2</sup>* |  |  |  |  |
| Investing to correspond with the returns of the S&P 500 Index. <sup>1</sup> | Calvert VP S&P 500 Index Portfolio, *Calvert Research and Management / Ameritas Investment Partners, Inc.* <sup>2</sup> |  |  |  |  |
| Total return. | Calvert VP SRI Balanced Portfolio, Class I, *Calvert Research and Management* |  |  |  |  |
| Growth and income. | Calvert VP Volatility Managed Growth Portfolio, Class F, *Calvert Research and Management / Ameritas Investment Partners, Inc. <sup>2</sup> and Parametric Portfolio Associates LLC* |  |  |  |  |
| Income and growth. | Calvert VP Volatility Managed Moderate Growth Portfolio, Class F, *Calvert Research and Management / Ameritas Investment Partners, Inc. <sup>2</sup> and Parametric Portfolio Associates LLC* |  |  |  |  |
| Current income. | Calvert VP Volatility Managed Moderate Portfolio, Class F, *Calvert Research and Management / Ameritas Investment Partners, Inc.* <sup>2</sup> *and Parametric Portfolio Associates LLC* |  |  |  |  |
| Long-term capital appreciation. | DFA VA Equity Allocation Portfolio <sup>3</sup>, *Dimensional Fund Advisors LP / Dimensional Fund Advisors Ltd. and DFA Australia Limited* |  |  |  |  |
| Market rate of return for a fixed income portfolio with low relative volatility of returns. | DFA VA Global Bond Portfolio <sup>3</sup>, *Dimensional Fund Advisors LP / Dimensional Fund Advisors Ltd. and DFA Australia Limited* |  |  |  |  |
| Total return consisting of capital appreciation and current income. | DFA VA Global Moderate Allocation Portfolio <sup>3</sup>, *Dimensional Fund Advisors LP* |  |  |  |  |
| Long-term capital appreciation. | DFA VA International Small Portfolio <sup>3</sup>, *Dimensional Fund Advisors LP / Dimensional Fund Advisors Ltd. and DFA Australia Limited* |  |  |  |  |
| Long-term capital appreciation. | DFA VA International Value Portfolio <sup>3</sup>, *Dimensional Fund Advisors LP / Dimensional Fund Advisors Ltd. and DFA Australia Limited* |  |  |  |  |

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Ameritas Advisor II VUL 42

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type / Investment Objective** | **Portfolio Company and *Adviser / Subadviser(s)*** | **Current<br> Expenses** | **Average Annual Total<br> Returns<br> as of 12/31/2022** | **Average Annual Total<br> Returns<br> as of 12/31/2022** | **Average Annual Total<br> Returns<br> as of 12/31/2022** |
| **Type / Investment Objective** | **Portfolio Company and *Adviser / Subadviser(s)*** | **Current<br> Expenses** | **1 year** | **5 year** | **10 year** |
| Stable real return in excess of the rate of inflation with a minimum of risk. | DFA VA Short-Term Fixed Portfolio <sup>3</sup>, *Dimensional Fund Advisors LP / Dimensional Fund Advisors Ltd. and DFA Australia Limited* |  |  |  |  |
| Long-term capital appreciation. | DFA VA U.S. Large Value Portfolio <sup>3</sup>, *Dimensional Fund Advisors LP* |  |  |  |  |
| Long-term capital appreciation. | DFA VA U.S. Targeted Value Portfolio <sup>3</sup>, *Dimensional Fund Advisors LP* |  |  |  |  |
| Long-term growth of capital. | DWS Capital Growth VIP, Class A, D*WS Investment Management Americas, Inc.* |  |  |  |  |
| Long-term capital growth. | DWS International Growth VIP, Class A, *DWS Investment Management Americas, Inc.* |  |  |  |  |
| Long-term capital appreciation. | DWS Small Mid Cap Value VIP, Class A, *DWS Investment Management Americas, Inc.* |  |  |  |  |
| Seeks long-term capital appreciation. | Fidelity® VIP Contrafund<sup>SM</sup> Portfolio, Initial Class <sup>5</sup>, *Fidelity Management & Research Company LLC / Other investment advisers serve as sub-advisers for the fund.* |  |  |  |  |
| Seeks reasonable income. The fund will also consider the potential for capital appreciation. The fund's goal is to achieve a yield which exceeds the composite yield on the securities comprising the S&P 500® Index. <sup>1</sup> | Fidelity® VIP Equity-Income Portfolio<sup>SM</sup>, Initial Class <sup>5</sup>, *Fidelity Management & Research Company LLC / Other investment advisers serve as sub-advisers for the fund.* |  |  |  |  |
| Seeks as high a level of current income as is consistent with preservation of capital and liquidity. | Fidelity® VIP Government Money Market Portfolio, Initial Class <sup>4,5</sup>*, Fidelity Management & Research Company LLC / Other investment advisers serve as sub-advisers for the fund.* |  |  |  |  |
| Seeks a high level of current income, while also considering growth of capital. | Fidelity® VIP High Income Portfolio, Initial Class <sup>5</sup>, *Fidelity Management & Research Company LLC / Other investment advisers serve as sub-advisers for the fund.* |  |  |  |  |
| Seeks as high a level of current income as is consistent with the preservation of capital. | Fidelity® VIP Investment Grade Bond Portfolio, Initial Class <sup>5</sup>, *Fidelity Management & Research Company LLC / Other investment advisers serve as sub-advisers for the fund.* |  |  |  |  |
| Seeks long-term growth of capital. | Fidelity® VIP Mid Cap Portfolio, Initial Class <sup>5</sup>, *Fidelity Management & Research Company LLC / Other investment advisers serve as sub-advisers for the fund.* |  |  |  |  |
| Seeks long-term growth of capital. | Fidelity® VIP Overseas Portfolio, Initial Class <sup>5</sup>, *Fidelity Management & Research Company LLC / Other investment advisers serve as sub-advisers for the fund and FMR Investment Management (UK) Limited (FMR UK)*. |  |  |  |  |
| Seeks a high level of current income. The fund may also seek capital appreciation. | Fidelity® VIP Strategic Income Portfolio, Initial Class <sup>5</sup>, *Fidelity Management & Research Company LLC / Other investment advisers serve as sub-advisers for the fund and FIL Investment Advisors (UK) Limited (FIA(UK))*. |  |  |  |  |
| Seeks high current income, consistent with preservation of capital, with capital appreciation as secondary. | FTVIPT Templeton Global Bond VIP Fund, Class 2, *Franklin Advisers, Inc.* |  |  |  |  |
| Long-term growth of capital. | Invesco V.I. EQV International Equity Fund, Series I, *Invesco Advisers, Inc.* |  |  |  |  |
| Seeks capital appreciation. | MFS® Mid Cap Growth Series, Initial Class, *Massachusetts Financial Services Company* |  |  |  |  |
| Seeks capital appreciation. | MFS® Research International Portfolio, Initial Class, *Massachusetts Financial Services Company* |  |  |  |  |
| Seeks total return. | MFS® Utilities Series, Initial Class, *Massachusetts Financial Services Company* |  |  |  |  |
| Long-term capital appreciation by investing primarily in growth-oriented equity securities of issuers in emerging market countries. | Morgan Stanley VIF Emerging Markets Equity Portfolio, Class I, *Morgan Stanley Investment Management Inc. / Morgan Stanley Investment Management Company* |  |  |  |  |

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Ameritas Advisor II VUL 43

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type / Investment Objective** | **Portfolio Company and *Adviser / Subadviser(s)*** | **Current<br> Expenses** | **Average Annual Total<br> Returns<br> as of 12/31/2022** | **Average Annual Total<br> Returns<br> as of 12/31/2022** | **Average Annual Total<br> Returns<br> as of 12/31/2022** |
| **Type / Investment Objective** | **Portfolio Company and *Adviser / Subadviser(s)*** | **Current<br> Expenses** | **1 year** | **5 year** | **10 year** |
| Seeks maximum real return, consistent with prudent investment management. | PIMCO CommodityRealReturn® Strategy Portfolio, Administrative Class, *Pacific Investment Management Company LLC* |  |  |  |  |
| Seeks maximum total return, consistent with preservation of capital and prudent investment management. | PIMCO Total Return Portfolio, Administrative Class, *Pacific Investment Management Company LLC* |  |  |  |  |
| Seeks long term capital appreciation. | Rydex Guggenheim Long Short Equity Fund, *Guggenheim Investments* |  |  |  |  |
| Seeks to provide capital appreciation by investing in U.S. and foreign companies that are involved in the precious metals sector. | Rydex Precious Metals Fund, *Guggenheim Investments* |  |  |  |  |
| Seeks to provide long-term capital growth. Income is a secondary objective. | T. Rowe Price Blue Chip Growth Portfolio, *T. Rowe Price Associates, Inc.* |  |  |  |  |
| Long-term capital appreciation. | Third Avenue Value Portfolio, *Third Avenue Management LLC* |  |  |  |  |
| Seeks to provide long-term capital appreciation and reasonable current income. | Vanguard® Balanced Portfolio <sup>6</sup>, *Wellington Management Company, LLP* |  |  |  |  |
| Seeks to provide current income and low to moderate capital appreciation. | Vanguard® Conservative Allocation Portfolio <sup>6</sup>, *The Vanguard Group, Inc.* |  |  |  |  |
| Seeks to provide long-term capital appreciation and income. | Vanguard® Diversified Value Portfolio <sup>6</sup>, *Hotchkis and Wiley Capital Management, LLC and Lazard Asset Management LLC* |  |  |  |  |
| Seeks to provide an above-average level of current income and reasonable long-term capital appreciation. | Vanguard® Equity Income Portfolio <sup>6</sup>, *Wellington Management Company, LLP and The Vanguard Group, Inc.* |  |  |  |  |
| Seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. | Vanguard® Equity Index Portfolio <sup>6</sup>, *The Vanguard Group, Inc.* |  |  |  |  |
| Seeks to track the performance of a benchmark index that measures the investment return of the global, investment-grade, fixed income market. | Vanguard® Global Bond Index Portfolio <sup>6</sup>, *The Vanguard Group, Inc.* |  |  |  |  |
| Seeks to provide long-term capital appreciation. | Vanguard® Growth Portfolio <sup>6</sup>, *Wellington Management Company, LLP* |  |  |  |  |
| Seeks to provide a high level of current income. | Vanguard® High Yield Bond Portfolio <sup>6</sup>, *Wellington Management Company, LLP* |  |  |  |  |
| Seeks to provide long-term capital appreciation. | Vanguard® International Portfolio <sup>6</sup>, *Schroder Investment Management North America Inc. and Baillie Gifford Overseas Ltd.* |  |  |  |  |
| Seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization stocks. | Vanguard® Mid-Cap Index Portfolio <sup>6</sup>, *The Vanguard Group, Inc.* |  |  |  |  |
| Capital appreciation and a low to moderate level of current income. | Vanguard® Moderate Allocation Portfolio <sup>6</sup>, *The Vanguard Group, Inc.* |  |  |  |  |
| Seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs and other real estate related investments. | Vanguard® Real Estate Index Portfolio <sup>6</sup>, *The Vanguard Group, Inc.* |  |  |  |  |
| Seeks to provide current income while maintaining limited price volatility. | Vanguard® Short-Term Investment-Grade Portfolio <sup>6</sup>, *The Vanguard Group, Inc.* |  |  |  |  |
| Seeks to provide long-term capital appreciation. | Vanguard® Small Company Growth Portfolio <sup>6,7</sup>, *The Vanguard Group, Inc. and ArrowMark Colorado Holdings, LLC* |  |  |  |  |
| Seeks to track the performance of a broad, market-weighted bond index. | Vanguard® Total Bond Market Index Portfolio <sup>6</sup>, *The Vanguard Group, Inc.* |  |  |  |  |

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Ameritas Advisor II VUL 44

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| | | | | |
|:---|:---|:---|:---|:---|
| **Type / Investment Objective** | **Current<br> Expenses** | **Average Annual Total<br> Returns<br> as of 12/31/2022** | **Average Annual Total<br> Returns<br> as of 12/31/2022** | **Average Annual Total<br> Returns<br> as of 12/31/2022** |
| **Type / Investment Objective** | **Current<br> Expenses** | **1 year** | **5 year** | **10 year** |
| Seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in developed and emerging markets, excluding the United States. Vanguard® Total International Stock Market Index Portfolio <sup>6</sup>, *The Vanguard Group, Inc.* |  |  |  |  |
| Seeks to track the performance of a benchmark index that measures the investment return of the overall stock market. Vanguard® Total Stock Market Index Portfolio <sup>6</sup>, *The Vanguard Group, Inc.* |  |  |  |  |

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Ameritas Advisor II VUL 45

**ILLUSTRATIONS**

Illustrations are tools that can help demonstrate how the Policy operates, given the Policy's charges, Investment Options and any optional features selected, how you plan to accumulate or access Account Value over time, and assumed rates of return. Illustrations may also be able to assist you in comparing the Policy's death benefits, Cash Surrender Value and Account Value with those of other variable life insurance policies based upon the same or similar assumptions. You may ask your financial professional or us (at our toll-free telephone number) to provide an illustration based upon your specific situation. You may annually request, without charge, an illustration from us. We may charge a reasonable fee, not to exceed the maximum shown on the Policy schedule page, for additional illustrations requested in the same Policy year.

**STATEMENT OF ADDITIONAL INFORMATION; REGISTRATION STATEMENT**

A Statement of Additional Information ("SAI") with the same date as this prospectus contains other information about the Separate Account, us, and the Policy. You may obtain a copy without charge, request other information about the Policy, and make investor inquiries by calling our toll-free telephone number 800-255-9678.

**REPORTS TO YOU**

We will send a statement to you at least annually showing your Policy's death benefit, Account Value and any Policy Loan Balance. If your Policy activity is limited to scheduled periodic premiums automatically deducted from your bank or investment account or other systematic transfer programs, you will also receive a quarterly report, which will be confirmation of premium payments and regular Monthly Deductions. We will confirm any other premium payments, Policy Loans, Subaccount transfers, lapses, Surrender, partial withdrawals, and other Policy transactions as they occur. You will receive such additional periodic reports as may be required by the SEC.

Also, reports and other information about the Separate Account are available on the SEC's website at sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

Ameritas Advisor II VUL 46

**FINRA PUBLIC DISCLOSURE PROGRAM**

FINRA provides investor protection education through its website and printed materials. The FINRA regulation website address is finra.org. An investor brochure that includes information describing the BrokerCheck program may be obtained from FINRA. The FINRA BrokerCheck hotline number is (800) 289-9999. FINRA does not charge a fee for the BrokerCheck program Services.

**THANK YOU**<br> for reviewing this prospectus. You should also review the fund prospectus for the portfolio underlying<br> each Subaccount variable Investment Option you wish to select.<br>**IF YOU HAVE QUESTIONS,**<br> about the Policy described in this prospectus, or wish to request a Statement of Additional Information*,* <br> telephone us at:<br>Ameritas Life Insurance Corp.<br> Telephone: 800-255-9678<br>*for all other matters, write or telephone us at:*<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Toll-Free Telephone: 800-255-9678<br> Fax: 402-467-7335<br> Interfund Transfer Request Fax: 402-467-7923<br> Website: ameritasdirect.com<br>**REMEMBER, THE CORRECT FORM** is important for us to process your Policy elections and changes accurately. Many service forms can be found when you access your account through our website. Or, call us at our toll-free number and we will send you the form you need.<br>

![~9451350](image_003.jpg)© 2023 Ameritas Life Insurance Corp. SEC Registration #: 811-08868 <br> Class/Contract # C000216328 <br> File # 333-233977

Ameritas Advisor II VUL 47

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| | | |
|:---|:---|:---|
| Statement of Additional Information: May 1, 2023 | Statement of Additional Information: May 1, 2023 | ![](image_006.jpg) |
| to accompany the Policy Prospectuses listed below. | to accompany the Policy Prospectuses listed below. | ![](image_006.jpg) |
|  |  | ![](image_006.jpg) |
|  |  | ![](image_006.jpg) |
| **LOW-LOAD Variable Life Insurance Policies** | **LOW-LOAD Variable Life Insurance Policies** | **LOW-LOAD Variable Life Insurance Policies** |
| Ameritas Low-Load Variable Universal Life | Ameritas Advisor II VUL | Ameritas Advisor II VUL |
| Ameritas Low-Load Survivorship Variable Universal Life | Ameritas Advisor ClearEdge VUL | Ameritas Advisor ClearEdge VUL |
| Ameritas Advisor VUL® |  |  |
| offered through | offered through |  |
| **Ameritas Life Insurance Corp. Separate Account LLVL** | **Ameritas Life Insurance Corp. Separate Account LLVL** | **Ameritas Life Insurance Corp. Separate Account LLVL** |

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|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;<u>**<u>**TABLE OF CONTENTS**</u>**</u> | <u>**<u>PAGE</u>**</u> | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
|  |  | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
| &nbsp;&nbsp;&nbsp;GENERAL INFORMATION AND HISTORY | 1 | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
| &nbsp;&nbsp;&nbsp;SERVICES |  | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
|  |  | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
| &nbsp;&nbsp;&nbsp;UNDERWRITER | 2 | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
| &nbsp;&nbsp;&nbsp;DISTRIBUTION OF THE POLICY |  | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
| &nbsp;&nbsp;&nbsp;MORE INFORMATION ON CHARGES |  | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
|  |  | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
| &nbsp;&nbsp;&nbsp;DISTRIBUTION OF MATERIALS | 3 | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
| &nbsp;&nbsp;&nbsp;ADVERTISING |  | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
| &nbsp;&nbsp;&nbsp;PERFORMANCE DATA |  | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
|  |  | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
| &nbsp;&nbsp;&nbsp;LICENSING AGREEMENT | 4 | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |
| &nbsp;&nbsp;&nbsp;FINANCIAL STATEMENTS |  | **Contacting Us**. To have questions answered or to send additional premium, contact your sales representative or write or call us at:<br> Ameritas Life Insurance Corp.<br> Service Center<br> P.O. Box 81889<br> Lincoln, Nebraska 68501<br> Or<br> 5900 O Street<br> Lincoln, Nebraska 68510<br> Telephone: 800-255-9678<br> Fax: 402-467-7335<br> ameritasdirect.com<br>Express mail packages should be sent to our street address, not our P.O. Box address. |

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Ameritas<sup>®</sup> and the bison design are registered service marks of Ameritas Life Insurance Corp.

This Statement of Additional Information ("SAI") is not a prospectus. It contains information in addition to that set forth in the Policy prospectus and should be read together with the prospectus. The Policy prospectus may be obtained from our Service Center by writing us at P.O. Box 81889, Lincoln, Nebraska 68501, by emailing us or accessing it through our website at ameritasdirect.com/prospectuses or by calling us at 800-255-9678. Defined terms used in the current prospectus for the Policy are incorporated in this SAI.

**GENERAL INFORMATION AND HISTORY**

Ameritas Life Insurance Corp. Separate Account LLVL (referred to as the "Separate Account" or the "Registrant") is a separate investment account of Ameritas Life Insurance Corp. ("Company, we, us, our, Ameritas Life, Depositor"). We are engaged in the business of issuing life insurance and annuities, group dental, vision, and hearing care insurance, retirement plans and 401(k) plans throughout the United States (except New York).

We are a stock life insurance company organized under the insurance laws of the State of Nebraska since 1887. We are wholly owned by Ameritas Holding Company ("AHC") a Nebraska stock insurance holding company. AHC is wholly owned by Ameritas Mutual Holding Company ("Ameritas"), a Nebraska mutual insurance holding company. Ameritas is a diversified family of financial services businesses. For a complete list of the Ameritas companies and their products and services, visit the Ameritas website at ameritasdirect.com. Each Ameritas company is solely responsible for its own financial condition and contractual obligations.

The Registrant is a segregated asset account of Ameritas Life established to receive and invest your Premiums. Ameritas Life established the Separate Account on August 24, 1994 under the laws of the State of Nebraska, in accordance with resolutions set forth by the Ameritas Life Board of Directors. The Separate Account is registered as a unit investment trust with the SEC under the Investment Company Act of 1940, as amended. This registration does not mean that the SEC supervises the management, investment practices, or policies of the Separate Account.

**Services**

Affiliates of Ameritas Life may provide administrative services, including but not limited to third party administrative services, policy administration and other operation support services, claims administration, and development and maintenance of software, to Ameritas Life relating to policies offered by its separate accounts, including the Separate Account. On October 1, 2021, Ameritas Life entered into a Fourth Amended and Restated General Administrative Services Agreement (the "Agreement"), under which administrative services relating to policies offered by the Ameritas Life separate accounts may be provided by affiliates of Ameritas Life. The parties to the Agreement are Ameritas Life, AHC, Ameritas Investment Partners, Inc., Ameritas Investment Company, LLC, Variable Contract Agency, LLC, Ameritas Advisory Services, LLC, Select Benefits Group, LLC dba Dental Select and Ameritas Bluestar Retirement Services, LLC.

ALIC Separate Account LLVL SAI: 1 Statement of Additional Information

At the time of the Agreement, all parties to the Agreement were wholly owned subsidiaries of AHC or Ameritas Life. Ameritas Bluestar Retirement Services, LLC has since been dissolved. Ameritas Life made no payments for administrative services provided by affiliated companies in 2020, 2021, or 2022.

Matters of state and federal law pertaining to the policies have been reviewed by the Ameritas Life legal staff.

**UNDERWRITER**

The Ameritas Advisor II VUL and the Ameritas Advisor ClearEdge VUL are offered continuously and are distributed by Ameritas Investment Company, LLC ("AIC"), 5900 O Street, Lincoln, Nebraska 68510 (formerly Ameritas Investment Corp. which served as underwriter until its conversion to a limited liability company in January, 2020). Beginning in 2020, Ameritas Investment Company, LLC (the "Underwriter") served as Underwriter and distributor for the Policies offered through the Separate Account. Other policies listed above, and offered through the Separate Account, are no longer offered for new sales and were also distributed by AIC, which is a wholly owned subsidiary of ours.

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| | | | |
|:---|:---|:---|:---|
| **YEAR:** | **2020** | **2021** | **2022** |
| Variable life insurance compensation we paid to Underwriter that was paid to other broker-dealers and representatives (not kept by the Underwriter). | $13610 | $48391 | $106923 |
| Variable life insurance compensation earned and kept by the Underwriter. | $0 | $0 | $0 |
| Fees the Depositor paid to the Underwriter for variable life insurance Principal Underwriter services. | $1997 | $7420 | $33860 |

---

**DISTRIBUTION OF THE POLICY**

Our Underwriter, AIC, enters into contracts with various broker-dealers ("Distributors") to distribute Policies. These Distributors are registered with the SEC and are members of the Financial Industry Regulatory Authority. All persons selling the Policy must be registered representatives of the Distributors, and also must be licensed as insurance agents to sell variable insurance products. There is no premium load to cover sales and distribution expenses. All compensation or expense reimbursement received by AIC for serving as principal underwriter of the Policies will be paid by us from our other assets or surplus in our general account, which may include profits derived from other charges made under the Policies. Policies can be purchased directly from us through our direct consumer services, with salaried employees who are registered representatives of AIC and who will not receive compensation related to the purchase.

**Distribution Compensation for Currently Sold Products**

<u>Ameritas Advisor ClearEdge VUL</u>: We and/or an affiliate may pay cash compensation from our own resources pursuant to marketing and education arrangements we have in place with broker-dealers and their marketing organizations. We may provide up to 30% of first year target premium and 1% of premiums above that amount paid in the first Policy Year, as well as up to 1% of target premium in Policy years 2 – 10, for such marketing and education services, pursuant to these arrangements. We do not pay commissions to these broker-dealers pursuant to a selling agreement. You may ask your financial professional how he/she will personally be compensated for the transaction.

<u>Ameritas Advisor II VUL</u>: We and/or an affiliate may pay cash compensation from our own resources pursuant to marketing and education arrangements we have in place with broker-dealers and their marketing organizations. We may provide up to 25% of first year target premium and 1% of premiums above that amount paid in the first Policy Year for such marketing and education services, pursuant to these arrangements. We do not pay commissions to these broker-dealers pursuant to a selling agreement. You may ask your financial professional how he/she will personally be compensated for the transaction.

**Distribution Compensation for Products No Longer Being Sold**

<u>Ameritas Advisor VUL</u>: We pay as commissions for the sale of the Policies up to 15% of first-year target premium and 2% of premiums above that amount paid in the first Policy Year.

<u>Low-Load Survivorship Variable Universal Life</u>: During the first Policy Year, compensation may equal an amount up to 15% of first year target premium paid plus the first year costs of any riders and 2% of excess first year premium.

<u>Low-Load Variable Life</u>: During the first Policy Year, compensation may equal an amount up to 9% of first year target premium paid plus the first year costs of any riders and 2% of excess first year premium. In years thereafter, we may pay the broker-dealer asset-based compensation at an annualized rate of 0.1% per Policy Year of the net Cash Surrender Value.

Compensation arrangements may vary among broker-dealers. Also, we may pay other distribution expenses such as production incentive bonuses. These distribution expenses do not result in any additional charges under the Policy other than those described in the prospectus **CHARGES** sections.

**MORE INFORMATION ON CHARGES**

**Waiver of Certain Charges**

When the Policy is sold in a manner that results in savings of sales or administrative expenses, we reserve the right to waive all or part of any fee we charge under the Policy (excluding charges charged by the portfolios). Factors we consider include one or more of the following: size and type of group to whom the Policy is issued; amount of expected

ALIC Separate Account LLVL SAI: 2 Statement of Additional Information

premiums; relationship with us (employee of us or an affiliated company, receiving distributions or making transfers from other policies we or one of our affiliates issue, or transferring amounts held under qualified retirement plans we or one of our affiliates sponsor); type and frequency of administrative and sales services provided; or level of annual maintenance fee and withdrawal charges. Any fee waiver will not discriminate unfairly against protected classes of individuals and will be done according to our rules in effect at the time the Policy is issued. We reserve the right to change these rules. The right to waive any charges may be subject to state approval.

**Underwriting Procedure**

The Policy's cost of insurance depends upon the insured's gender, issue age, risk class, specified amount, and length of time the Policy has been in force. The rates will vary depending upon tobacco use and other risk factors. For Ameritas Advisor II VUL and Ameritas Advisor ClearEdge VUL, guaranteed cost of insurance rates are based on the gender-distinct 2017 Commissioners Standard Ordinary Age Nearest Birthday Ultimate Mortality Tables. Attained ages 18 and greater will follow smoker-distinct rates while attained ages 0-17 will follow composite rates. For Ameritas Advisor VUL, guaranteed cost of insurance rates are based on the gender-distinct smoker-distinct 2001 Commissioners Standard Ordinary Age Nearest Birthday Ultimate Mortality Tables. For all other Policies, the guaranteed cost of insurance rates are based on the insured's attained age and are equal to the 1980 Insurance Commissioners Standard Ordinary Male and Female Mortality Tables without smoker distinction. The maximum rates for the table-rated substandard insureds are based on a multiple (shown in the schedule pages of the Policy) of the above rates. We may add flat extra ratings to reflect higher mortality risk. Any change in the cost of insurance rates will apply to all insureds of the same age, gender, risk class and whose Policies have been in effect for the same length of time.

For all products under this Separate Account with the exception of Ameritas Advisor ClearEdge VUL, the cost of insurance rates, Policy charges, and payment options for Policies issued in Montana, and perhaps other states or in connection with certain employee benefit arrangements, are issued on a gender-neutral (unisex) basis. The unisex rates will be higher than those applicable to females and lower than those applicable to males.

If the rating class for any increase in the specified amount of insurance coverage is not the same as the rating class at issue, the cost of insurance rate used after such increase will be a composite rate based upon a weighted average of the rates of the different rating classes. Decreases may be reflected in the cost of insurance rate, as discussed earlier.

The actual charges made during the Policy Year will be shown in the annual report delivered to Policy Owners.

**DISTRIBUTION OF MATERIALS**

We will distribute proxy statements, updated prospectuses and other materials to you from time to time. In order to achieve cost savings, we may send consolidated mailings to several Owners with the same last name who share a common address or post office box.

**ADVERTISING**

From time to time, we may advertise performance information for the Subaccounts and their underlying portfolios. We may also advertise ratings, rankings or other information related to us, the Subaccounts or the underlying portfolios.

We may provide hypothetical illustrations of Policy value, Cash Surrender Value and death benefit based on historical investment returns of the underlying portfolios for a sample Policy based on assumptions as to age, gender and risk class of the insured, and other Policy-specific assumptions.

We may also provide individualized hypothetical illustrations calculated in the same manner as stated above but based upon factors particular to your Policy.

Past performance is no guarantee of future results. The return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost.

**PERFORMANCE DATA**

From time to time, we may advertise performance for the Subaccount variable investment options. Performance data is available on our website and is authorized for use with prospective investors only when accompanied or preceded by current product and fund prospectuses containing detailed information about the Policy, investment options, limitations and risks.

Performance returns reflect fees and charges assessed by the fund companies and current mortality and expenses and administrative risk charges deducted from Separate Account assets. Some portfolio advisors have agreed to limit their expenses; without these limits, performance would have been lower. The returns shown on our website do not reflect the Policy's transaction fees and periodic charges. If these fees and charges were deducted, the performance quoted would be lower. Yields shown are typically "annualized" yields. This means the income generated during the measured seven days is assumed to be generated each week over a 52-week period, and not reinvested, and is shown as a percentage of the investment.

We encourage you to obtain a personalized illustration which reflects all charges of the Policy and the impact of those charges upon performance; contact your registered representative or us to obtain an illustration based upon your specific situation. See the Policy prospectus for detailed information about Policy charges and portfolio prospectuses for each portfolio's expenses.

For periods prior to the date the Policy Subaccount began operation, performance data will be calculated based on the performance of the underlying portfolio and the assumption that the Subaccounts were in existence for the same periods as those indicated for the underlying portfolio with the level of Policy charges that were in effect at the inception of the Subaccount. Past performance is no guarantee of future results. The return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost.

ALIC Separate Account LLVL SAI: 3 Statement of Additional Information

**LICENSING AGREEMENT**

The Policy is not sponsored, endorsed, sold or promoted by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("S&P"). S&P makes no representation or warranty, express or implied, to the Owners of the Policy or any member of the public regarding the advisability of investing in securities generally or in the Policy particularly or the ability of the S&P 500 Index to track general stock market performance. S&P's only relationship to the Licensee ("Ameritas Life") is the licensing of certain trademarks and trade names of S&P and of the S&P 500 Index which is determined, composed and calculated by S&P without regard to the Licensee or the product. S&P has no obligation to take the needs of the Licensee or the Owners of the Policy into consideration in determining, composing or calculating the S&P 500 Index. S&P is not responsible for and has not participated in the determination of the prices and amount of the Policy or the timing of the issuance or sale of the product or in the determination or calculation of the equation by which the Policy is to be converted into cash. S&P has no obligation or liability in connection with the administration, marketing or trading of the Policy.

S&P DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE S&P 500 INDEX OR ANY DATA INCLUDED THEREIN AND S&P SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. S&P MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE POLICY, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500 INDEX OR ANY DATA INCLUDED THEREIN. S&P MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE S&P 500 INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL S&P HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

**FINANCIAL STATEMENTS** 

The balance sheets – statutory basis of Ameritas Life Insurance Corp., a wholly owned subsidiary of Ameritas Holding Company, which is a wholly owned subsidiary of Ameritas Mutual Holding Company, as of December 31, 2022 and 2021, and the related summary of operations and changes in capital and surplus – statutory basis and statements of cash flows – statutory basis for each of the three years in the period ended December 31, 2022 have been audited by [ ], independent auditors, as stated in their report appearing herein and the statements of net assets of each of the subaccounts of Ameritas Life Insurance Corp. Separate Account LLVL as of December 31, 2022, and the related statements of operations for the period then ended, the statements of changes in net assets for each of the periods in the two years then ended and the financial highlights for each of the periods in the five years then ended, have been audited by [ ], an independent registered public accounting firm, as stated in their report appearing herein.

Such financial statements are included in reliance upon the reports of such firm given upon their authority as experts in accounting and auditing. The principal business address is [ ].

Our financial statements bear only on our ability to meet our obligations under the Policy and should not be considered as bearing on the investment performance of the assets held in the Separate Account.

ALIC Separate Account LLVL SAI: 4 Statement of Additional Information

**<u>PART C</u>**

**<u>OTHER INFORMATION</u>**

**Item 30.** **Exhibits**

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| | | |
|:---|:---|:---|
| Exhibit<br> Number |  | Description of Exhibit |
| (a) |  | Resolution of Board of Directors of Ameritas Life Insurance Corp. establishing Ameritas Life Insurance Corp. Separate Account LLVL. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form S-6 Post-Effective Amendment No. 4 to Registration No. 33-86500, filed April 6, 1998, EX-99.1(1).<br> [https://www.sec.gov/Archives/edgar/data/933094/0000933094-98-000004.txt](https://www.sec.gov/Archives/edgar/data/933094/0000933094-98-000004.txt) |
| (b) |  | Custody Agreements. Not Applicable |
| (c) | (1) | Fifth Amended and Restated Principal Underwriting Agreement. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Post-Effective Amendment No. 1 to Registration No. 333-233977, filed February 26, 2020, EX.99.C1.<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309420000011/principalunderagreement.htm](https://www.sec.gov/Archives/edgar/data/933094/000093309420000011/principalunderagreement.htm) |
| (c) | (2) | Form of Selling Agreement. Incorporated by reference to Ameritas Variable Separate Account V Form N-6 Post-Effective Amendment No. 3 to Registration Statement 333-142494 filed on January 28, 2021, EX(c)(2).<br> [https://www.sec.gov/Archives/edgar/data/783402/000078340221000011/ovation_exhibitc2-286.htm](https://www.sec.gov/Archives/edgar/data/783402/000078340221000011/ovation_exhibitc2-286.htm) |
| (c) | (3) | Networking Agreement. Incorporated by reference to Ameritas Variable Separate Account V Form N-6 Post-Effective Amendment No. 3 to Registration Statement 333-142494 filed on January 28, 2021, EX(c)(3).<br> [https://www.sec.gov/Archives/edgar/data/783402/000078340221000011/ovation_exhibitc3-286.htm](https://www.sec.gov/Archives/edgar/data/783402/000078340221000011/ovation_exhibitc3-286.htm) |
| (d) | (1) | Form of Policy. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Initial Registration Statement to Registration No. 333-233977, filed September 27, 2019, Ex-99.D.<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309419000013/policy_ex-d.htm](https://www.sec.gov/Archives/edgar/data/933094/000093309419000013/policy_ex-d.htm) |
| (d) | (2) | Form of Policy riders.<br> Accelerated Benefit Rider for Terminal Illness<br> Children's Insurance Rider<br> Paid-Up Insurance Benefit Endorsement<br> Waiver of Monthly Deduction Rider<br> Incorporated by reference to Ameritas Variable Separate Account V Form N-6 Post-Effective Amendment No. 9 to Registration No. 333-151913, filed April 29, 2015, EX.99.d(2)(A), EX.99.d(2)(D), EX.99.d(2)(G), and EX.99.d(2)(L).<br> [https://www.sec.gov/Archives/edgar/data/783402/000078340215000016/0000783402-15-000016-index.htm](https://www.sec.gov/Archives/edgar/data/783402/000078340215000016/0000783402-15-000016-index.htm) |
| (d) | (3) | Form of Policy endorsements.<br> Advisory Fee Endorsement. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Post-Effective Amendment No. 1 to Registration No. 333-233977, filed February 26, 2020, EX.99.D(3).<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309420000011/advfee_endorsement.htm](https://www.sec.gov/Archives/edgar/data/933094/000093309420000011/advfee_endorsement.htm) |
| (e) |  | Application for Ameritas Advisor II VUL. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Initial Registration Statement to Registration No. 333-233977, filed September 27, 2019, Ex-99.E.<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309419000013/application_ex-e.htm](https://www.sec.gov/Archives/edgar/data/933094/000093309419000013/application_ex-e.htm) |
| (f) | (1) | Amended and Restated Articles of Incorporation of Ameritas Life Insurance Corp. Incorporated by reference to Ameritas Variable Separate Account VA-2 Form N-4 Post-Effective Amendment No. 5 to Registration No. 333-182090, filed April 22, 2014, EX99.A.<br> [https://www.sec.gov/Archives/edgar/data/814848/000081484814000012/ovmedley485b-50_ex6a.htm](https://www.sec.gov/Archives/edgar/data/814848/000081484814000012/ovmedley485b-50_ex6a.htm) |

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| | | |
|:---|:---|:---|
| Exhibit<br> Number |  | Description of Exhibit |
| (f) | (2) | Amended and Restated By-Laws of Ameritas Life Insurance Corp. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Post-Effective Amendment No. 8 to Registration No. 333-233977, filed April 26, 2022, EX.99.f(2).<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309422000012/amadvisoriivul_exf2-75.htm](https://www.sec.gov/Archives/edgar/data/933094/000093309422000012/amadvisoriivul_exf2-75.htm) |
| (g) |  | Reinsurance Agreements. |
|  | (1) | Munich American Reassurance Company. Portions of the exhibit have been omitted. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Post-Effective Amendment No. 8 to Registration No. 333-233977, filed April 26, 2022, EX.99.g(1).<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309422000012/amadvisoriivul_exg1-75.htm](https://www.sec.gov/Archives/edgar/data/933094/000093309422000012/amadvisoriivul_exg1-75.htm) |
|  | (2) | RGA Reinsurance Company. Portions of the exhibit have been omitted. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Post-Effective Amendment No. 8 to Registration No. 333-233977, filed April 26, 2022, EX.99.g(2).<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309422000012/amadvisoriivul_exg2-75.htm](https://www.sec.gov/Archives/edgar/data/933094/000093309422000012/amadvisoriivul_exg2-75.htm) |
|  | (3) | SCOR Global Life USA Reinsurance Company. Portions of the exhibit have been omitted. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Post-Effective Amendment No. 8 to Registration No. 333-233977, filed April 26, 2022, EX.99.g(3).<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309422000012/amadvisoriivul_exg3-75.htm](https://www.sec.gov/Archives/edgar/data/933094/000093309422000012/amadvisoriivul_exg3-75.htm) |
|  | (4) | Swiss Re Life & Health America Inc. Portions of the exhibit have been omitted. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Post-Effective Amendment No. 8 to Registration No. 333-233977, filed April 26, 2022, EX.99.g(4).<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309422000012/amadvisoriivul_exg4-75.htm](https://www.sec.gov/Archives/edgar/data/933094/000093309422000012/amadvisoriivul_exg4-75.htm) |
| (h) |  | Participation Agreements. |
|  | (1) | AIM/Invesco. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Initial Registration Statement for File No. 333-151912, filed June 25, 2008, EX-99.H1.<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309408000023/adv-h1.txt](https://www.sec.gov/Archives/edgar/data/933094/000093309408000023/adv-h1.txt) |
|  | (2) | American Century. Incorporated by reference to Ameritas Variable Separate Account V Form N-6 Initial Registration Statement for File No. 333-151913, filed June 25, 2008, EX. 99.H.2.<br> [https://www.sec.gov/Archives/edgar/data/783402/000078340208000041/h-2.txt](https://www.sec.gov/Archives/edgar/data/783402/000078340208000041/h-2.txt) |
|  | (3) | American Funds Insurance Series. Incorporated by reference to Ameritas Variable Separate Account VA-2 Form N-4/A Pre-Effective Amendment No. 2 to Registration No. 333-206889, filed November 25, 2015, EX-8.A.4.<br> [https://www.sec.gov/Archives/edgar/data/814848/000081484815000040/ex8a4.htm](https://www.sec.gov/Archives/edgar/data/814848/000081484815000040/ex8a4.htm) |
|  | (4) | Calvert Variable Series and Calvert Variable Products. Incorporated by reference to Ameritas Variable Separate Account VA-2 Form N-4 Post-Effective Amendment No. 13 to Registration No. 333-142483, filed April 18, 2011, EX.99.H(1).<br> [https://www.sec.gov/Archives/edgar/data/814848/000081484811000006/alicmedley485b-32_ex8a.txt](https://www.sec.gov/Archives/edgar/data/814848/000081484811000006/alicmedley485b-32_ex8a.txt)<br> Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVA Form N-4 Post-Effective Amendment No. 3 to Registration No. 333-205138, filed February 24, 2017, EX 8(a)(3).<br> [https://www.sec.gov/Archives/edgar/data/1016274/000117516417000055/advisornoloadva485a_ex8-65.htm](https://www.sec.gov/Archives/edgar/data/1016274/000117516417000055/advisornoloadva485a_ex8-65.htm) |
|  | (5) | DWS Variable Series I and II. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6/A Pre-Effective Amendment No. 1 to Registration No. 333-151912, filed November 12, 2008, EX.99.H.1.<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309408000032/ameradv-exhh1.txt](https://www.sec.gov/Archives/edgar/data/933094/000093309408000032/ameradv-exhh1.txt) |
|  | (6) | DFA. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVA Form N-4 Post-Effective Amendment No. 10 to Registration No. 333-120972, filed April 18, 2011, EX-99.H.<br> [https://www.sec.gov/Archives/edgar/data/1016274/000101627411000012/aanewnlva485b-30_ex8.txt](https://www.sec.gov/Archives/edgar/data/1016274/000101627411000012/aanewnlva485b-30_ex8.txt) |
|  | (7) | Fidelity Variable Insurance Products Funds. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6/A Pre-Effective Amendment No. 1 to Registration No. 333-151912, filed November 12, 2008, EX.99.H.2.<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309408000032/advvul-exhh2.txt](https://www.sec.gov/Archives/edgar/data/933094/000093309408000032/advvul-exhh2.txt) |
|  | (8) | Franklin Templeton. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Initial Registration Statement for File No. 333-151912, filed June 25, 2008, EX-99.H.4.<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309408000023/adv-h4.txt](https://www.sec.gov/Archives/edgar/data/933094/000093309408000023/adv-h4.txt) |

---

---

| | | |
|:---|:---|:---|
| Exhibit<br> Number |  | Description of Exhibit |
|  | (9) | MFS Variable Insurance Trust. Incorporated by reference to Ameritas Variable Separate Account V Form S-6 Initial Registration Statement for File No. 333-15585, filed November 6, 1996, EX-99.A8C.<br> [https://www.sec.gov/Archives/edgar/data/783402/0000783402-96-000040.txt](https://www.sec.gov/Archives/edgar/data/783402/0000783402-96-000040.txt) |
|  | (10) | MFS Variable Insurance Trust II. Incorporated by reference to Carillon Account Form N-4 Initial Registration Statement for No. 333-197146, filed July 1, 2014, EX-99.8(k).<br> [https://www.sec.gov/Archives/edgar/data/749330/000074933014000017/ex8k.htm](https://www.sec.gov/Archives/edgar/data/749330/000074933014000017/ex8k.htm) |
|  | (11) | Morgan Stanley. Incorporated by reference to Ameritas Variable Separate Account V Form S-6 Initial Registration Statement for File No. 333-15585, filed November 6, 1996, EX-99.A8D.<br> [https://www.sec.gov/Archives/edgar/data/783402/0000783402-96-000040.txt](https://www.sec.gov/Archives/edgar/data/783402/0000783402-96-000040.txt) |
|  | (12) | PIMCO. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6/A Pre-Effective Amendment No. 1 to Registration No. 333-151912, filed November 12, 2008, EX.99.H.3.<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309408000032/advvul-exhh3.txt](https://www.sec.gov/Archives/edgar/data/933094/000093309408000032/advvul-exhh3.txt) |
|  | (13) | Rydex Variable Trust. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form S-6/A Pre-Effective Amendment No. 1 to Registration No. 333-76359, filed June 11, 1999, EX-99.1(8)(C).<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309499000008/0000933094-99-000008.txt](https://www.sec.gov/Archives/edgar/data/933094/000093309499000008/0000933094-99-000008.txt) |
|  | (14) | T. Rowe Price. Incorporated by reference to Ameritas Variable Separate Account V Form N-6 Initial Registration Statement for File No. 333-151913, filed June 25, 2008, EX. 99.H.5.<br> [https://www.sec.gov/Archives/edgar/data/783402/000078340208000041/h-5.txt](https://www.sec.gov/Archives/edgar/data/783402/000078340208000041/h-5.txt) |
|  | (15) | Third Avenue. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Initial Registration Statement for File No. 333-151912, filed June 25, 2008, EX. 99.H.5.<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309408000023/adv-h5.txt](https://www.sec.gov/Archives/edgar/data/933094/000093309408000023/adv-h5.txt) |
|  | (16) | Vanguard Variable Insurance Funds. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Initial Registration Statement for File No. 333-151912, filed June 25, 2008, EX-99.H.6.<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309408000023/adv-h6.txt](https://www.sec.gov/Archives/edgar/data/933094/000093309408000023/adv-h6.txt) |
| (i) |  | Administrative Contracts. |
|  | (1) | Fourth Amended and Restated General Administrative Services Agreement. Incorporated by reference to Ameritas Life Insurance Corp. Separate Account LLVL Form N-6 Post-Effective Amendment No. 8 to Registration No. 333-233977, filed April 26, 2022, EX.99.j(1).<br> [https://www.sec.gov/Archives/edgar/data/933094/000093309422000012/amadvisoriivul_exi1-75.htm](https://www.sec.gov/Archives/edgar/data/933094/000093309422000012/amadvisoriivul_exi1-75.htm) |
| (j) |  | [Other Material Contracts: Powers of Attorney. Exhibit (j), filed herein.](amadvisoriivul-6_exj.htm) |
| (k) |  | [Legal Opinion. Exhibit (k), filed herein.](amadvisoriivul-6_exk.htm) |
| (l) |  | Actuarial Opinion. Not applicable. |
| (m) |  | Calculation. Not applicable. |
| (n) |  | Consents of Independent Auditors and Independent Registered Public Accounting Firm. To be filed by subsequent amendment. |
| (o) |  | No financial statements are omitted from Item 28. |
| (p) |  | Initial Capital Agreements. Not applicable. |
| (q) |  | [Transfer and Redemption Procedures Pursuant to Rule 6e-3(b)(12)(iii). Exhibit (q), filed herein.](amadvisoriivul-6_exq.htm) |
| (r) |  | Form of Initial Summary Prospectuses. Not applicable. |

---

**Item 31.** **Directors and Officers of the Depositor**

---

| | |
|:---|:---|
| Name and Principal | Position and Offices |
| <u>Business Address</u>\* | <u>with Depositor</u> |
| William W. Lester | Director, Chair, President & Chief Executive Officer |
| John S. Dinsdale | Director |
| L. Javier Fernandez | Director |
| Ann M. Frohman | Director |
| Thomas W. Knapp | Director |
| James R. Krieger | Director |
| Patricia A. McGuire | Director |
| Tonn M. Ostergard | Director |
| Kim M. Robak | Director |
| Paul C. Schorr, IV | Director |
| Bryan E. Slone | Director |
| Oris R. Stuart, III | Director |
| Rohit Verma | Director |
| Ryan C. Beasley | Executive Vice President, Individual |
| Laura A. Fender | Senior Vice President, Controller |
| Patrick D. Fleming | Senior Vice President, Distribution & National Partners, Group |
| Jeffrey C. Graves | Senior Vice President, Agency & Field Distribution |
| Kelly J. Halverson | Senior Vice President, Chief Actuary & Underwriting, Individual |
| Gerald Q. Herbert | Senior Vice President, Risk & Compliance |
| Robert M. Jurgensmeier | Executive Vice President, Independent Distribution & Investments |
| James M. Kais | Executive Vice President, Retirement Plans |
| Brent F. Korte | Senior Vice President, Chief Marketing Officer |
| Morgan B.S. Lorenzen | Second Vice President, Assistant General Counsel |
| Brandon M. Mann | Senior Vice President, Wealth Management & Investment Services & |
|  | AIC President |
| Bruce E. Mieth | Senior Vice President, Group Operations |
| Shreejit R. Nair | Senior Vice President, Information Technology |
| Christine M. Neighbors | Senior Vice President, General Counsel & Corporate Secretary |
| April L. Rimpley | Senior Vice President, Human Resources |
| Tina J. Udell | Senior Vice President, Chief Investment Officer |
| David A. Voelker | Senior Vice President, Individual Operations |
| Linda A. Whitmire | Senior Vice President, Chief Actuary, Corporate |
| Richard A. Wiedenbeck | Senior Vice President, Chief Technology and Transformation Officer |
| Kelly J. Wieseler | Executive Vice President, Group |
| Susan K. Wilkinson | Executive Vice President, Chief Financial Officer & Treasurer |
| Forrest R. Wilson | Senior Vice President, Retirement Plans Sales & Distribution |

---

\* Principal business address: Ameritas Life Insurance Corp., 5900 O Street, Lincoln, Nebraska 68510.

**Item 32.** **Persons Controlled by or Under Common Control with the Depositor or the Registrant**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **<u>Name of Corporation</u>** <u>(state where organized)</u> | **<u>Name of Corporation</u>** <u>(state where organized)</u> | **<u>Name of Corporation</u>** <u>(state where organized)</u> | **<u>Name of Corporation</u>** <u>(state where organized)</u> | **<u>Principal Business</u>** |
| **Ameritas Mutual Holding Company** (NE) | **Ameritas Mutual Holding Company** (NE) | **Ameritas Mutual Holding Company** (NE) | **Ameritas Mutual Holding Company** (NE) | mutual insurance holding company |
|  | **Ameritas Holding Company** (NE) | **Ameritas Holding Company** (NE) | **Ameritas Holding Company** (NE) | stock insurance holding company |
|  |  | **Ameritas Life Insurance Corp.** (NE) | **Ameritas Life Insurance Corp.** (NE) | life/health insurance company |
|  |  |  | <u>Ameritas Investment Company, LLC (NE)</u> | securities broker dealer |
|  |  |  | <u>Variable Contract Agency, LLC (NE)</u> | insurance agency |
|  |  |  | <u>Ameritas Advisory Services, LLC (NE)</u> | investment adviser |
|  |  |  | <u>Ameritas Life Insurance Corp. of New York (NY)</u> | life insurance company |
|  |  |  | <u>Select Benefits Group, LLC dba Dental Select (UT)</u> | third party administrator |
|  |  | **Ameritas Investment Partners, Inc.** (NE) | **Ameritas Investment Partners, Inc.** (NE) | investment adviser |

---

Subsidiaries are indicated by indentations.

Ameritas Life Insurance Corp. filed a consolidated financial statement which includes its subsidiaries.

Ownership is 100% by the parent company.

**Item 33.** **Indemnification**

Ameritas Life Insurance Corp.'s By-Laws provide as follows:

**<u>Section 9.01. Mandatory Indemnification.</u>** (a) Every person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Corporation) by reason of the fact that he or she is or was a Director, Officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a Director, Officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, shall be indemnified by the Corporation to the fullest extent permitted by law against expenses (including attorney's fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him or her in connection with such action, suit or proceeding if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding, had reasonable cause to believe that his or her conduct was unlawful; and (b) To the extent that a Director, Officer, employee or agent of a Corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in this section or any action, suit or proceeding by or in the right of the Corporation, or in defense of any claim, issue or matter therein, he or she shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by him or her in connection therewith.

**<u>Section 9.02. Application of Article</u>.** Any indemnification under Section 9.01 or otherwise (unless ordered by a court) shall be made by the Corporation only as authorized in the specific case upon a determination that indemnification of the present or former Director, Officer, employee or agent is proper in the circumstances because he or she has met the applicable standard of conduct set forth in Section 9.01. Such determination shall be made, with respect to a person who is a Director or Officer at the time of such determination (1) by a majority vote of the Directors who are not parties to such action, suit or proceeding, even though less than a quorum, or (2) by a committee of such Directors designated by majority vote of such Directors, even though less than a quorum, or (3) if there are no such Directors, or if such Directors so direct, by independent legal counsel in a written opinion, or (4) by the shareholders.

**<u>Section 9.03. Advance Payment</u>.** Expenses (including attorneys' fees) incurred by any current or former Officer, Director, employee or agent in defending any civil, criminal, administrative or investigative action, suit or proceeding may be paid by the Corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such current or former Officer, Director, employee or agent to repay such amount if it shall ultimately be determined that such person is not entitled to be indemnified by the Corporation as authorized in this section.

**<u>Section 9.04. Other Rights</u>.** The indemnification and advancement of expenses provided by this Article shall not be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any bylaw, agreement, vote of shareholders or disinterested Directors or otherwise, both as to action in his or her official capacity and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a Director, Officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.

**<u>Section 9.05. Insurance</u>.** The Corporation may purchase and maintain insurance on behalf of any person who is or was a Director, Officer, employee or agent of the Corporation, or who is or was serving at the request of the Corporation as a Director, Officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against any liability asserted against him or her and incurred by him or her in any such capacity, or arising out of his or her status as such, whether or not the Corporation would have the power to indemnify him or her against such liability under the provisions of this Article.

Under the Nebraska Model Business Corporation Act, Ameritas Life Insurance Corp. is required to indemnify a director or officer who was wholly successful in defense of any proceeding to which he or she was a party because of his or her position as a director or officer of the corporation against expenses incurred in connection with the proceeding. Under the Nebraska Model Business Corporation Act, Ameritas Life Insurance Corp. is permitted, but not required, to indemnify a director or officer against liability if the director or officer conducted himself or herself in good faith, and the director or officer reasonably believed, in the case of conduct in an official capacity, that his or her conduct was in the best interests of the corporation, and, in all other cases, that his or her conduct was at least not opposed to the best interests of the corporation, and, in the case of any criminal proceeding, the director or officer had no reasonable cause to believe his or her conduct was unlawful or the director or officer engaged in conduct for which broader indemnification has been made permissible or obligatory under a provision of the articles of incorporation.

**Item 34.** **Principal Underwriter**

&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Ameritas Investment Company, LLC ("AIC"), which serves as the principal underwriter for the variable life insurance policies
issued through Ameritas Life Insurance Corp. Separate Account LLVL, also serves as the principal underwriter for variable annuity contracts
issued through Ameritas Life Insurance Corp. Separate Account LLVA. AIC also serves as the principal underwriter for variable life insurance
contracts issued through Ameritas Variable Separate Account V, Ameritas Variable Separate Account VL, Ameritas Life of NY Separate Account
VUL, and Carillon Life Account, and for variable annuity contracts issued through Ameritas Variable Separate Account VA-2, Ameritas Variable
Separate Account VA, Ameritas Life of NY Separate Account VA, and Carillon Account.

&nbsp;&nbsp;&nbsp;&nbsp;**(b)** The following table sets forth certain information regarding the officers and directors of the principal underwriter, Ameritas Investment
Company, LLC.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name and Principal | Positions and Offices |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Business Address\*</u> | <u>With Underwriter</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ryan C. Beasley | Director, Chair |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brandon M. Mann | Director, President |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;James M. Kais | Director |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brent F. Korte | Director |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Susan K. Wilkinson | Director |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Matthew J. Kinsella | Vice President, Chief Compliance Officer |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tyler Schubauer | Secretary |

---

\* Principal business address: Ameritas Investment Company, LLC, 5900 O Street, Lincoln, Nebraska 68510.

&nbsp;&nbsp;&nbsp;&nbsp;**(c)** Compensation From the Registrant.

---

| | | | | |
|:---|:---|:---|:---|:---|
| (1) | (2) | (3) | (4) | (5) |
| <br> Name of Principal<br> <u>Underwriter</u> | Net Underwriting<br> Discounts and<br> <u>Commission</u> | Compensation<br> on<br> <u>Redemption</u> | <br> Brokerage<br> <u>Commissions</u> | <br><u>Compensation</u> |
| Ameritas Investment Company, LLC | $106923 | $0 | $0 | $33860 |

---

(2)+(4)+(5) = Gross variable life compensation received by AIC.

(2) = Sales compensation received and paid out by AIC as underwriter; AIC retains 0.

(4) = Sales compensation received by AIC for retail sales.

(5) = Sales compensation received by AIC and retained as underwriting fee.

**Item 35.** **Location of Accounts and Records**

The Books, records and other documents required to be maintained by Section 31(a) of the 1940 Act and Rules 31a-1 to 31a-3 thereunder are maintained at Ameritas Life Insurance Corp., 5900 O Street, Lincoln, Nebraska 68510.

**Item 36.** **Management Services**

There are no additional management services contracts that are not discussed in Part A or B of the registration statement.

**Item 37.** **Fee Representation**

Ameritas Life Insurance Corp. represents that the fees and charges deducted under the contract, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the insurance company.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Lincoln, County of Lancaster, State of Nebraska on this 10<sup>th</sup> day of February, 2023.

AMERITAS LIFE INSURANCE CORP. SEPARATE ACCOUNT LLVL, Registrant

---

| |
|:---|
| By: <u>/s/ William W. Lester\*</u> |
| Director, Chair, President & Chief Executive Officer |
| Ameritas Life Insurance Corp. |

---

AMERITAS LIFE INSURANCE CORP., Depositor

---

| |
|:---|
| By: <u>/s/ William W. Lester\*</u> |
| Director, Chair, President & Chief Executive Officer |

---

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities indicated on February 10, 2023.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**<u>SIGNATURE</u>** | &nbsp;&nbsp;**<u>TITLE</u>** |
| &nbsp;&nbsp;William W. Lester \* | &nbsp;&nbsp;Director, Chair, President & Chief Executive Officer |
| &nbsp;&nbsp;John S. Dinsdale \* | &nbsp;&nbsp;Director |
| &nbsp;&nbsp;L. Javier Fernandez \*\* | &nbsp;&nbsp;Director |
| &nbsp;&nbsp;Ann M. Frohman \* | &nbsp;&nbsp;Director |
| &nbsp;&nbsp;Thomas W. Knapp \* | &nbsp;&nbsp;Director |
| &nbsp;&nbsp;James R. Krieger \* | &nbsp;&nbsp;Director |
| &nbsp;&nbsp;Patricia A. McGuire \* | &nbsp;&nbsp;Director |
| &nbsp;&nbsp;Tonn M. Ostergard \* | &nbsp;&nbsp;Director |
| &nbsp;&nbsp;Kim M. Robak \* | &nbsp;&nbsp;Director |
| &nbsp;&nbsp;Paul C. Schorr, IV \* | &nbsp;&nbsp;Director |
| &nbsp;&nbsp;Bryan E. Slone \* | &nbsp;&nbsp;Director |
| &nbsp;&nbsp;Oris R. Stuart, III \* | &nbsp;&nbsp;Director |
| &nbsp;&nbsp;Rohit Verma \* | &nbsp;&nbsp;Director |
| &nbsp;&nbsp;Ryan C. Beasley \* | &nbsp;&nbsp;Executive Vice President, Individual |
| &nbsp;&nbsp;Robert M. Jurgensmeier \*\*\* | &nbsp;&nbsp;Executive Vice President, Independent Distribution & Investments |
| &nbsp;&nbsp;Susan K. Wilkinson \* | &nbsp;&nbsp;Executive Vice President, Chief Financial Officer & Treasurer |
| &nbsp;&nbsp;Laura A. Fender \* | &nbsp;&nbsp;Senior Vice President, Controller |
| &nbsp;&nbsp;Christine M. Neighbors \* | &nbsp;&nbsp;Senior Vice President, General Counsel & Corporate Secretary |

---

---

| | |
|:---|:---|
| <u>/s/ Morgan B.S. Lorenzen</u> |  |
| Morgan B.S. Lorenzen | Second Vice President, Assistant General Counsel |

---

\* Signed by Morgan B.S. Lorenzen under Powers of Attorney executed effective as of September 12, 2022.

\*\* Signed by Morgan B.S. Lorenzen under Powers of Attorney executed effective as of September 16, 2022.

\*\*\* Signed by Morgan B.S. Lorenzen under Powers of Attorney executed effective as of February 6, 2023.

**<u>Exhibit Index</u>**

**<u>Exhibit</u>**

(j) [Other Material Contracts: Powers of Attorney](amadvisoriivul-6_exj.htm)

(k) [Legal Opinion](amadvisoriivul-6_exk.htm)

(q) [Transfer and Redemption Procedures Pursuant to Rule 6e-3(b)(12)(iii)](amadvisoriivul-6_exq.htm)

## Ex-99.J

**<u>Exhibit (j)</u>**

**Powers of Attorney**

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

William W. Lester,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ William W. Lester |
|  | William W. Lester |
|  | Director, President & Chief Executive Officer |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

John S. Dinsdale,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ John S. Dinsdale |
|  | John S. Dinsdale |
|  | Director |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

L. Javier Fernandez,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 16, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ L. Javier Fernandez |
|  | L. Javier Fernandez |
|  | Director |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Ann M. Frohman,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Ann M. Frohman |
|  | Ann M. Frohman |
|  | Director |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Thomas W. Knapp,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Thomas W. Knapp |
|  | Thomas W. Knapp |
|  | Director |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

James R. Krieger,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ James R. Krieger |
|  | James R. Krieger |
|  | Director |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Patricia A. McGuire,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Patricia A. McGuire |
|  | Patricia A. McGuire |
|  | Director |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Tonn M. Ostergard,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Tonn M. Ostergard |
|  | Tonn M. Ostergard |
|  | Director, Chair |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Kim M. Robak,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Kim M. Robak |
|  | Kim M. Robak |
|  | Director |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Paul C. Schorr, IV,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Paul C. Schorr, IV |
|  | Paul C. Schorr, IV |
|  | Director |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Bryan E. Slone,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Bryan E. Slone |
|  | Bryan E. Slone |
|  | Director |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Oris R. Stuart, III,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Oris R. Stuart, III |
|  | Oris R. Stuart, III |
|  | Director |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Rohit Verma,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Rohit Verma |
|  | Rohit Verma |
|  | Director |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Ryan C. Beasley,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Ryan C. Beasley |
|  | Ryan C. Beasley |
|  | Executive Vice President, Individual |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Robert M. Jurgensmeier,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective February 6, 2023 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Robert M. Jurgensmeier |
|  | Robert M. Jurgensmeier |
|  | Executive Vice President, Independent Distribution & Investments |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Susan K Wilkinson,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Susan K. Wilkinson |
|  | Susan K. Wilkinson |
|  | Executive Vice President, Chief Financial Officer<br> & Treasurer |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Laura A. Fender,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Susan K Wilkinson, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Laura A. Fender |
|  | Laura A. Fender |
|  | Senior Vice President, Controller |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Christine M. Neighbors,

whose signature appears below, constitutes and appoints Morgan B.S. Lorenzen and Laura A. Fender, and any such person(s) as Morgan B.S. Lorenzen may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 12, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Christine M. Neighbors |
|  | Christine M. Neighbors |
|  | Senior Vice President, General Counsel & Corporate Secretary |

---

Power of Attorney

With Respect To

Ameritas Life Insurance Corp.

Variable Annuity and Variable Life Insurance Products

Morgan B.S. Lorenzen,

whose signature appears below, constitutes and appoints Laura A. Fender and Ryan C. Beasley, and any such person(s) as Laura A. Fender may designate in writing directed to the President of Ameritas Life Insurance Corp., and each of them, as her/his attorney-in-fact, each with the power of substitution, in any and all capacities, to sign any registration statements and amendments thereto and similar documents for the Ameritas Life Insurance Corp. variable annuity and variable life insurance products listed below, as well as any future separate account(s) and/or future file number(s) within any separate account(s) that Ameritas Life Insurance Corp. establishes, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission ("SEC") and necessary regulatory authorities of any State, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof.

The separate accounts and variable products covered by this Power of Attorney include but are not limited to:

---

| | |
|:---|:---|
| **Ameritas Variable Separate Account V – SEC File 811-04473** | **Ameritas Variable Separate Account V – SEC File 811-04473** |
| Overture Life SPVUL | SEC File No. 333-142485 |
| UniVar | SEC File No. 333-142484 |
| Overture Applause! | SEC File No. 333-142486 |
| Overture Applause! II | SEC File No. 333-142487 |
| Overture Encore! | SEC File No. 333-142488 |
| Overture Bravo! | SEC File No. 333-142489 |
| Corporate Benefit VUL | SEC File No. 333-142491 |
| Overture Ovation! | SEC File No. 333-142494 |
| Overture Viva! | SEC File No. 333-142490 |
| Protector *h*VUL | SEC File No. 333-142497 |
| Excel Performance VUL | SEC File No. 333-151913 |
| Ameritas Performance II VUL | SEC File No. 333-233986 |
| **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** | **Ameritas Variable Separate Account VA-2 – SEC File 811-05192** |
| Overture Annuity | SEC File No. 333-142500 |
| Overture Annuity II | SEC File No. 333-142501 |
| Overture Annuity III | SEC File No. 333-142502 |
| Overture Annuity III-Plus | SEC File No. 333-142499 |
| Overture Acclaim! | SEC File No. 333-142503 |
| Overture Accent! | SEC File No. 333-142504 |
| Medley! | SEC File No. 333-142483 |
| Overture Medley<sup>®</sup> | SEC File No. 333-182090 |
| Direction Variable Annuity | SEC File No. 333-206889 |
| **Ameritas Variable Separate Account VL – SEC File 811-21136** | **Ameritas Variable Separate Account VL – SEC File 811-21136** |
| Allocator 2000 | SEC File No. 333-142495 |
| Regent 2000 | SEC File No. 333-142496 |
| Executive Select | SEC File No. 333-142498 |
| **Ameritas Variable Separate Account VA – SEC File 811-21135** | **Ameritas Variable Separate Account VA – SEC File 811-21135** |
| Allocator 2000 Annuity | SEC File No. 333-142493 |
| Designer Annuity | SEC File No. 333-142492 |

---

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** | **Ameritas Life Insurance Corp. Separate Account LLVL – SEC File 811-08868** |
| Ameritas Low-Load Variable Universal Life | SEC File No. 033-86500 |
| Ameritas Low-Load Survivorship Variable Universal Life | SEC File No. 333-76359 |
| Ameritas Advisor VUL<sup>®</sup> | SEC File No. 333-151912 |
| Ameritas Advisor II VUL | SEC File No. 333-233977 |
| Ameritas Advisor ClearEdge VUL | SEC File No. 333-266911 |
| **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** | **Ameritas Life Insurance Corp. Separate Account LLVA –SEC File 811-07661** |
| Ameritas No-Load Variable Annuity (4080) | SEC File No. 333-05529 |
| Ameritas NLVA (6150) | SEC File No. 333-120972 |
| Ameritas No-Load VA (6150) | SEC File No. 333-182091 |
| Ameritas Advisor Select No Load Variable Annuity<sup>®</sup> | SEC File No. 333-122109 |
| Ameritas Advisor No-Load VA | SEC File No. 333-205138 |
| **Carillon Account – SEC File 811-04063** | **Carillon Account – SEC File 811-04063** |
| VA I | SEC File No. 333-197153 |
| VA II and VA II SA | SEC File No. 333-197154 |
| Advantage VA III | SEC File No. 333-197146 |
| **Carillon Life Account – SEC File 811-09076** | **Carillon Life Account – SEC File 811-09076** |
| Excel Accumulator | SEC File No. 333-197150 |
| Excel Choice | SEC File No. 333-197151 |
| Excel Performance VUL | SEC File No. 333-197149 |
| Executive Edge | SEC File No. 333-197147 |

---

This Power of Attorney is effective September 16, 2022 and remains in effect until revoked or revised.

---

| | |
|:---|:---|
| Signed: | /s/ Morgan B.S. Lorenzen |
|  | Morgan B.S. Lorenzen |
|  | Second Vice President, Assistant General Counsel |

---

## Ex-99.K

**<u>EXHIBIT (k)</u>**

**<u>Legal Opinion</u>**

---

| | |
|:---|:---|
| **Ameritas Life Insurance Corp.**<br> 5900 O Street / Lincoln, NE 68510 | ![Description: Ameritas_Bison_Tag_color](image_001.jpg) |

---

February 10, 2023

Ameritas Life Insurance Corp.

5900 O Street

P.O. Box 81889

Lincoln, Nebraska 68501

With reference to the Post-Effective Amendment No. 9 to Registration Statement No. 333-233977 on Form N-6, filed by Ameritas Life Insurance Corp. and Ameritas Life Insurance Corp. Separate Account LLVL with the Securities and Exchange Commission covering Ameritas Advisor II VUL flexible premium life insurance policies, I have examined such documents and such laws as I considered necessary and appropriate, and on the basis of such examination, it is my opinion that:

1. Ameritas Life Insurance Corp. is duly organized and validly
existing under the laws of the State of Nebraska and has been duly authorized to issue variable life policies by the Insurance Department
of the State of Nebraska.

2. Ameritas Life Insurance Corp. Separate Account LLVL is a
duly authorized and existing separate account established pursuant to the provisions of Section 44-402.01 of the Statutes of the State
of Nebraska.

3. The flexible premium variable universal life policies, when
issued as contemplated by said Form N-6 Registration Statement, will constitute legal, validly issued and binding obligations of Ameritas
Life Insurance Corp.

I hereby consent to the filing of this opinion as an exhibit to said Amendment to the Form N-6 Registration Statement.

Sincerely,

/s/ Morgan B.S. Lorenzen

Morgan B.S. Lorenzen

Second Vice President, Assistant General Counsel

## Ex-99.Q

**<u>Exhibit (q)</u>**

**Transfer and Redemption Procedures Pursuant to Rule 6e-3(b)(12)(iii)**

**Ameritas Advisor II VUL**

DESCRIPTION OF ISSUANCE, TRANSFER AND REDEMPTION PROCEDURES FOR FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICIES ISSUED BY AMERITAS LIFE INSURANCE CORP. PURSUANT TO RULE 6e-3(b)(12)(iii)

This document sets forth administrative procedures followed by Ameritas Life Insurance Corp. ("Ameritas" or the "Company") in the issuance of **Ameritas Advisor II VUL** (the "Policy"), the transfer of assets held thereunder, and the redemption by Owners of their interests in said Policies. This document should be read in conjunction with the provisions of the Policy, and the current Policy prospectus.

**I. PURCHASE AND ISSUANCE OF POLICIES**

**A. PREMIUMS AND UNDERWRITING STANDARDS**

 

The Policy is flexible premium variable universal life insurance. The Policy is designed to provide lifetime insurance coverage on the Insured named in the Policy, as well as flexibility in connection with premium payments and death benefits. The Policy pays death benefit proceeds to the Policy Beneficiary upon the Insured's death or pays a Cash Surrender Value to the Owner if the Policy is surrendered by the Owner.

Some policy forms, features and/or riders may be subject to state variations or may not be available in all states.

The Owner has flexibility under the Policy. Within certain limits, the Owner can vary the amount and timing of premium payments, change the death benefit, and transfer amounts among the Investment Options. We reserve the right to limit the amount and frequency of premium payments. We will not issue a Policy to an Insured older than age 80 on the Insured's birthday nearest the Policy Date. We will not accept that portion of a premium payment which affects the tax qualifications of the Policy as described in Section 7702 of the Internal Revenue Code, as amended. This excess amount will be returned to the Owner. **Payment of insufficient premiums may result in a lapse of the Policy.**

The Owner may allocate all or a part of the premiums paid among the Separate Account Subaccount variable Investment Options or the Fixed Account fixed interest rate option. Subaccount variable Investment Options are in turn invested in corresponding underlying portfolio companies. Fixed Account allocations are invested in our General Account and we guarantee a fixed rate of interest. More information regarding the Fixed Account can be found in section **THE FIXED ACCOUNT FIXED INTEREST RATE OPTION** of the Policy prospectus. More detail concerning each portfolio company can be found in **APPENDIX A** of the Policy prospectus**.** 

To purchase a Policy, the Owner must submit an application, at least the Initial Premium (see below), and provide evidence of the proposed Insured's insurability satisfactory to us. Upon receipt of a completed Application, Ameritas will follow certain legally recognized insurance underwriting procedures to evaluate the risk and determine insurability. Standard underwriting may involve medical examinations and may require further information from the proposed Insured before a determination can be made. The Policies will be offered and sold pursuant to established underwriting standards and in accordance with state insurance laws, which prohibit unfair discrimination among Owners, but recognize that premiums must be based upon factors such as age, health or occupation. If we received a Premium and determine that the Insured does not meet our underwriting criteria, we will return to the Owner an amount equal to the Premium. No interest will be paid. A Policy will not be issued until underwriting procedures have been completed. We reserve the right to reject any application or premium. If we issue a Policy, insurance coverage will be effective as of the Policy Date.

**B. POLICY APPLICATION AND ISSUANCE**

**<u>Policy Application</u>**

The Insured must not be older than age 80 on the Insured's birthday nearest to the Policy Date. The minimum initial Specified Amount of life insurance is $100,000. We may reduce the initial Specified Amount for Policies issued in connection with group or sponsored arrangements. See the **Special Arrangements** section of the Policy prospectus.

When the Owner applies for a Policy, the Owner will choose one of three death benefit options, which will be used to determine the death benefit.

**<u>Application in Good Order</u>**

All application questions must be answered, but particularly note these requirements:

▪ The Owner's and Insured's full name, Social Security number (tax identification number for a business or trust Owner), date of birth,
and certain other required information must be included.

▪ Premium allocations must be complete, be in whole percentages, and total 100%.

▪ Initial Premium requirements must be met (see below).

▪ The Owner's signature and the Owner's representative's signature must be on the application.

▪ City, state and date the application was signed must be completed.

▪ The Owner must provide all information required for us to underwrite the application (including health and medical information about
the Insured, and other information we consider relevant).

▪ We request the Owner's e-mail address to facilitate receiving updated Policy information by electronic delivery.

▪ There may be forms in addition to the application required by law or regulation, especially when a replacement of other coverage is
involved.

▪ The Owner's representative must be both properly licensed and appointed with us.

**<u>Premium Requirements</u>**

Premium checks should be made payable to "Ameritas Life Insurance Corp." We reserve the right to reject any premiums. We may postpone crediting payment of the initial premium made by personal check until the check has been honored by the bank upon which the check is drawn. Payment by certified check, banker's draft, or cashier's check will be promptly applied. Under our electronic fund transfer program, the Owner may select a monthly payment schedule for us to automatically deduct premiums from the designated bank account or other sources.

<u>Initial Premium</u>

▪ At least the Monthly Deduction times the number of months between the Policy Date and the date the Policy is issued plus one month.

<u>Additional Premiums</u>

▪ Payment of additional premiums is flexible but must be enough to cover Policy charges.

▪ If a premium increases the Net Amount at Risk (the death benefit on the Monthly Date, discounted
at the Fixed Account minimum credited rate for one month, minus the Account Value on the Monthly Date,
after all Monthly Deductions have been taken except for the cost of insurance), it is subject to evidence of the Insured's continued insurability
and our underwriting requirements as to the amount of the increase.

▪ Planned Periodic Premiums may be paid annually, semi-annually, quarterly, or monthly. The Owner may change their Planned Periodic
Premium, subject to our approval. Because Account Value can fluctuate depending upon the performance of the selected variable Investment
Options, <u>payment of the Planned Periodic Premiums does not guarantee that the Policy will remain in force. The Policy can lapse even if all Planned Periodic Premiums are paid on time.</u> 

▪ If there is a Policy Loan, the Owner should identify any payment intended to reduce a loan as a loan repayment; otherwise it will
be treated as a premium and added to Account Value.

▪ We reserve the right to limit premiums or refund any value so the Policy qualifies as life insurance under the federal Internal Revenue
Code.

**C. PREMIUM ALLOCATION**

Premiums may be allocated among the variable Investment Options (the Subaccounts) and the Fixed Account fixed interest rate option. Initial allocations as instructed on the Policy application will be used for additional premiums until the Owner changes the allocation instructions.

▪ Allocations must be in whole percentages, and total 100%.

▪ The allocation may be changed by sending us Written Notice or through an authorized telephone or online
transaction. The change will apply to premiums received on or after the date we receive Written Notice or the authorized transaction.

▪ All premiums will be allocated pursuant to the Owner's instructions on record with us, except the initial
premium and any additional premiums received during the Policy's Right to Examine Transfer Date.

Prior to the Right to Examine Transfer Date, we will hold the initial Net Premium and any additional Net Premiums in the Money Market Subaccount. On the Right to Examine Transfer Date, we will invest the Account Value, which will include investment performance results, in the Investment Options pursuant to the application allocation instructions. If, by the Right to Examine Transfer Date, the Owner decides to cancel the Policy, we will refund the premiums paid minus Policy Loan Balance and partial withdrawals.

Until the Policy is issued, premium payments received by us are held in our General Account and are credited with interest at a rate we determine.

**II. TRANSFERS AMONG INVESTMENT OPTIONS**

The Policy is designed for long-term investment. Excessive transfers such as those triggered by market timing services or other large or frequent transfers could harm other Policy Owners by having a detrimental effect on investment portfolio management. In addition to the right of each Portfolio to impose redemption fees on short-term trading, **we reserve the right to reject any specific premium allocation or transfer request, if in the judgment of a Subaccount portfolio fund advisor, a Subaccount portfolio would be unable to invest effectively in accordance with its investment objectives and policies, or if Policy Owners would otherwise potentially be adversely affected.**

We consider any transfer of money out of a Subaccount within 60 days of a purchase to be evidence of possible market timing. We will not execute such a trade until we provide the underlying portfolio's investment adviser with information about it for an opportunity to evaluate the transfer pursuant to the investment adviser's own standards, as stated in the Subaccount's underlying portfolio prospectus. Ultimately the portfolio's investment adviser has the authority to make the determination whether or not to accept a transfer.

Subject to restrictions during the Right to Examine Transfer Date, the Owner may transfer Account Value from one Subaccount to another, from the Separate Account to the Fixed Account, or from the Fixed Account to any Subaccount, subject to these rules:

**<u>Transfer Rules:</u>**

▪ A transfer is any single request to move assets between one or more Investment Options.

▪ We must receive notice of the transfer request by either Written Notice, an authorized telephone transaction,
or by Internet when available. Our Trading Unit facsimile number is 402-467-7923. Transfers will be processed on the Business Day they
are received by our Trading Unit if received before close of the New York Stock Exchange (usually 3:00 p.m. Central Time). Requests
for Rydex transfers must be received by 2:30 p.m. Central Time to be processed the same day. The 2:30 Central Time cut-off applicable
to Rydex subaccount transfers applies only to transfers. All other transaction requests must be received prior to NYSE close for same
day processing. The Owner must be available to receive a confirmation telephone call for any faxed transfer
requests sent to us, or the trade may not be processed until it is confirmed.

▪ The transferred amount must be at least $250, or the entire Subaccount or Fixed Account value if it
is less. If the Account Value remaining in a Subaccount after a transfer will be less than $100, we will include that Account Value in
the amount transferred. Information regarding Dollar Cost Averaging, Portfolio Rebalancing, and Earnings Sweep systematic transfer programs
is available under the **SYSTEMATIC TRANSFER PROGRAMS** section of the Policy prospectus .

&nbsp;&nbsp;&nbsp;&nbsp;· If the Dollar Cost Averaging systematic transfer program is used, then the minimum transfer amount out
of a Subaccount or the Fixed Account is the lesser of $250 or the balance in the Subaccount or Fixed Account. Under this program, the
maximum amount that may be

transferred from the Fixed Account each month is 1/36<sup>th</sup> of the value of the Fixed Account at the time the Dollar Cost Averaging program is established. While a Dollar Cost Averaging program is in effect, elective transfers out of the Fixed Account are prohibited.

&nbsp;&nbsp;&nbsp;&nbsp;· The Portfolio Rebalancing and Earnings Sweep systematic transfer programs have no minimum transfer amounts.

▪ The first 15 transfers each Policy year are free. Thereafter, transfers may result in a $10 charge for
each transfer. See the **CHARGES** section of the Policy prospectus for information about this charge. This fee is deducted on a Pro-Rata
basis from balances in all Subaccounts and the Fixed Account; it is not subtracted from the amount of the transfer. Transfers under any
systematic transfer program <u>do</u> count toward the 15 free transfers limit.

▪ A transfer from the Fixed Account (except made pursuant to a systematic transfer program):

&nbsp;&nbsp;&nbsp;&nbsp;· may be made only once each Policy year;

&nbsp;&nbsp;&nbsp;&nbsp;· may be delayed up to six months;

&nbsp;&nbsp;&nbsp;&nbsp;· is limited during any Policy year to the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 25% of the Account Value in the Fixed Account on the date of the transfer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the greatest amount of any Fixed Account transfer that occurred during the previous 13 months; and,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $1,000.

▪ We reserve the right to limit transfers, or to modify transfer privileges, and we reserve the right to change the transfer rules at
any time. We and the investment advisers consider market timing strategies, programmed transfers or transfers that are large in relation
to the total assets of an Investment Option's underlying portfolio as disruptive. We may react to disruptive transfers by, among other
things, restricting the availability of personal telephone requests, facsimile transmissions, automated telephone services, Internet services
or any electronic transfer service. We may also refuse to act on transfer instructions of an agent acting under a power of attorney or
otherwise who is acting on behalf of one or more Owners. In making these determinations, we may consider the combined transfer activity
of annuity contracts and life insurance policies that we believe are under common ownership, control or direction. Certain investment
advisers, such as for Rydex, may permit short-term trading within their portfolios and will have disclosed this practice in their prospectuses.

▪ Rydex Subaccount transfers received later than 2:30 p.m. Central Time are processed the next Business Day.

▪ If the Account Value in any Subaccount falls below $100, we may transfer the remaining balance, without charge, to a money market
subaccount. We will notify the Owner when such a transfer occurs. The Owner may, within 60 days of the date of our notice, reallocate
the amount transferred, without charge, to another Investment Option.

▪ In the event the Owner authorizes telephone or Internet transfers, we are not liable for telephone or Internet instructions that we
in good faith believe the Owner authorized. We will employ reasonable procedures to confirm that instructions are genuine.

**III. REDEMPTION PROCEDURES: SURRENDER AND RELATED TRANSACTIONS**

**A. CASH SURRENDER**

While the Insured is alive, the Owner may terminate the Policy for its Cash Surrender Value. After a full Surrender, all ownership rights in the Policy end, and the Owner may not reinstate the Policy.

**<u>Cash Surrender Rules</u>**

▪ We will accept a full Surrender request signed by the Owner on our form of Written Notice by mail or facsimile. However, when accepting
a request by a method not requiring an original signature, there is a greater possibility that unauthorized persons can manipulate signatures
and make changes on the Policy (including withdrawals) without the Owner's knowledge.

▪ Any Cash Surrender Value available under the Policy at any time other than on a Policy Anniversary, shall be calculated with allowance
for lapse of time from the last preceding anniversary.

▪ The Policy has no Surrender charge.

▪ We may defer Surrender payments from the Fixed Account for up to six months from the date we receive the request.

**B. PARTIAL WITHDRAWALS**

While the Insured is alive, the Owner may withdraw part of the Account Value. The amount requested and any partial withdrawal charge will usually be deducted from the Account Value on the date we receive the request if received before 3 p.m. Central Time.

We may deduct a partial withdrawal fee, which will not exceed the maximum partial withdrawal fee of $50.

If *Death Benefit Option A* (described below) is in effect, then the Specified Amount will be reduced by the partial withdrawal amount plus any fee.

If *Death Benefit Option B or Option C* (described below) is in effect, the Account Value will be reduced by the amount of the partial withdrawal, but the Specified Amount of insurance coverage will not change.

If *Death Benefit Option C* (described below) is in effect and the sum of partial withdrawals taken is greater than the sum of premiums paid, the death benefit may be less than the Specified Amount.

**<u>Partial Withdrawal Rules</u>**

▪ We will accept a partial withdrawal request signed by the Owner on our form of Written Notice by mail or facsimile.

▪ The minimum charge is $0 and the guaranteed maximum charge is $50. This fee will be deducted from the Investment Options and in the
same allocation as the partial withdrawal allocation instruction; if that is not possible (due to insufficient value in one of the Investment
Options elected) or if the Owner has not given such instructions, we will deduct this fee on a Pro-Rata basis from balances in all Subaccounts
and the Fixed Account.

&nbsp;&nbsp;&nbsp;&nbsp;· The *minimum* partial withdrawal amount is $100; the *maximum* is an amount such that the remaining Cash Surrender Value is at least an amount sufficient to maintain the Policy in force
for the next three months.

▪ A partial withdrawal is irrevocable.

▪ For tax purposes, partial withdrawals are treated as made first from premiums paid and then from earnings, beginning with the most
recent premium payment, unless the Policy is a modified endowment contract.

▪ Partial withdrawals will be deducted from the Policy Investment Options on a Pro-Rata basis, unless the Owner instructs us otherwise. The Owner may tell us how to allocate the partial withdrawal among the Investment Options, provided
that the remaining Account Value in each Subaccount is not less than $100, if the Owner does not tell us, we will deduct it Pro-Rata.

▪ Partial withdrawals result in cancellation of Accumulation Units from each applicable Subaccount.

▪ We reserve the right to defer withdrawal payments from the Fixed Account for up to six months from the date we receive the request.

▪ Depending upon the circumstances, a partial withdrawal may have tax consequences.

**Advisory Fee Withdrawals**

If the Owner elects to pay the Investment Advisory Fees from the Account Value, they have done so pursuant to a separate agreement between the Owner and their financial professional. Ameritas Life has not made any independent investigation of these financial professionals, and is not endorsing such services. Ameritas Life will, pursuant to an Advisory Fee Authorization signed by the Owner, process a partial withdrawal from the value of the Policy to pay for the services of their financial professional. The advisory fees are separate from and in addition to the Policy and optional rider fees and expenses described in the Policy Prospectus. The Owner's financial professional will be solely responsible for the accuracy of any such advisory fee payment calculation as well as the frequency or reasonableness of each withdrawal request to pay advisory fees. We have no duty to inquire into the amount of the Account Value submitted for withdrawal but will follow instructions provided through the Advisory Fee Authorization and ensure the amount requested is distributed and processed accurately. We will not allow or make an advisory fee withdrawal until a completed Advisory Fee Authorization from the Policy Owner has been received.

The Owner may authorize their financial professional to make withdrawals to pay advisory fees from the Policy by submitting the Advisory Fee Authorization. This authorization is used to authorize the financial professional to deduct advisory fees directly from the Owner's Policy, change or terminate any prior advisory fee authorization, and to change the financial professional that services the Policy. Thereafter, the Owner's financial professional must submit a written request for each one-time withdrawal to pay

advisory fees or to establish or change a systematic withdrawal program to pay advisory fees, if available. Any systematic withdrawal program will continue until the Owner terminates it. The authorized withdrawals to pay advisory fees will be noted on the Owner's confirmation statements and/or the quarterly statements, as well as on the annual statements.

If the Owner elects to authorize the financial professional to make withdrawals to pay advisory fees from the Account Value, the advisory fee will be deducted from the Investment Options on a Pro-Rata basis. Specific Investment Options may be chosen with a systematic withdrawal program, only if available. The financial professional can have the fee deducted on an annual, semi-annual, quarterly, or monthly (for systematic withdrawal programs only) basis. The Owner will work with the financial professional to determine which options work for them.

Withdrawals to pay advisory fees (regardless of percentage or amount withdrawn) will not reduce the Specified Amount. However, withdrawals to pay advisory fees will reduce the Account Value by the withdrawal amount. In some cases, such as when the Policy's death benefit is driven by the Corridor Factor, withdrawing part of the Account Value may result in a death benefit reduction that is larger than the amount of the partial withdrawal. Withdrawals used to pay Advisory Fees are subject to the same restrictions and limitations for partial withdrawals generally, as described above.

**C. DEATH BENEFIT CLAIMS**

Upon the Insured's death, we will pay to the Policy Beneficiary:

▪ the death benefit on the Insured's
life under the death benefit option in effect; plus

▪ any additional life insurance
proceeds provided by any optional benefit or rider; minus

▪ any Policy Loan Balance; minus

▪ any Policy Lien Balance; minus

▪ any overdue Monthly Deductions,
including the Monthly Deduction for the month of death.

We will pay the death benefit proceeds after we receive satisfactory proof that the Insured died while the Policy was in force and other proof that we may require in order to investigate the claim. We will pay the death benefit proceeds in a lump-sum payment to the Beneficiary. We will include interest from the Insured's date of death to the payment date. The rate of interest will be at least the amount required by law. Full payment of the death benefit proceeds discharges us from any and all claims.

**Death Benefit Options**

When the Owner applies for the Policy, the Owner will choose one of the three death benefit options, which will be used to determine the death benefit. The Policy Value and death benefit may vary based on the performance of the variable Investment Options the Owner selected. If we issue a Policy, insurance coverage will be effective as of the Policy Date.

***<u>Death Benefit Option A</u>***

Under Option A, the death benefit is the greater of:

▪ the Specified Amount of insurance coverage; and

▪ the Account Value multiplied by the Corridor Factor.

***<u>Death Benefit Option B</u>***

Under Option B, the death benefit is the greater of:

▪ the Specified Amount of insurance coverage <u>plus</u> the Account Value; and

▪ the Account Value multiplied by the Corridor Factor.

***<u>Death Benefit Option C</u>***

Under Option C, the death benefit is the greater of:

▪ the Specified Amount of insurance coverage <u>plus</u> the sum of premiums paid <u>minus</u> the sum of partial withdrawals taken;
and

▪ the Account Value multiplied by the Corridor Factor.

If the Owner selects Option C and the sum of partial withdrawals taken is greater than the sum of premiums paid, the death benefit may be less than the Specified Amount.

When the Owner applies for the Policy, the Owner will also choose one of two alternative tests to evaluate whether the Policy qualifies as a life insurance contract under the Internal Revenue Code. Once they have chosen a test for tax qualification, the Owner cannot change it. If the Owner chooses the guideline premium test ("GPT"), total premium payments may not exceed the guideline premium payment limitations for life insurance set forth under the Internal Revenue Code. If the Owner chooses the cash value accumulation test ("CVAT"), the guideline premium limitations do not apply. The Corridor Factors are shown in the Policy schedule.

**Changes in Death Benefit Option**

The Owner selects the death benefit option when they apply for the Policy. You also may change the death benefit option after the first Policy year, as discussed below.

**<u>Changes in Death Benefit Option Rules</u>**

▪ The request for a change must be by Written Notice.

▪ The Owner can only change the Policy death benefit option once each Policy year. The change will be effective on the Monthly Date
after we receive (or, if evidence of insurability is necessary, after we approve) the Owner's Written Notice.

▪ There is no fee to change the Policy death benefit option.

▪ Changing from Option B to Option A, or from Option C to Option A: The Specified Amount will not change, and the death benefit will
be reduced to equal the Specified Amount.

▪ Changing from Option A to Option B, or from Option C to Option B: The Specified Amount will be adjusted so that the Net Amount at
Risk is unchanged.

▪ The change is allowed only if the new Specified Amount of insurance meets the requirements stated in the **Changes in Specified Amount** section, below.

**<u>Changes in Specified Amount</u>**

The initial Specified Amount is set at the time we issue the Policy. The Specified Amount may change from time to time, as discussed below. A change in Specified Amount could have federal tax consequences. (See the **TAX MATTERS** section in the Policy prospectus).

On or after one year from the Policy Date, the Owner may change the current Specified Amount of insurance coverage by Written Notice on a form provided by us, and subject to our approval.

**INCREASE in Coverage Rules**

▪ The minimum amount of an increase in Specified Amount of insurance coverage is $25,000.

▪ An increase of the Specified Amount will require evidence of insurability satisfactory to us and be subject to our underwriting limits
in place at that time.

▪ Any increase of the Specified Amount will be subject to increased cost of insurance charges and monthly Specified Amount charges,
based on the Insured's gender and the Issue Age and rate class for the increase. The Owner will receive a revised Policy schedule stating
the increased charges.

**DECREASE in Coverage Rules**

▪ The amount of any decrease may be no less than $1,000.

▪ Any reduction in the Specified Amount will be in the following order:

&nbsp;&nbsp;&nbsp;&nbsp;· first, reduce the most recent increase of the Specified Amount;

&nbsp;&nbsp;&nbsp;&nbsp;· then, the next most recent increases; and

&nbsp;&nbsp;&nbsp;&nbsp;· finally, the Policy's initial Specified Amount.

▪ Any decrease of the Specified Amount the Owner requests will not reduce the monthly Specified Amount charges in effect the time of
the decrease.

▪ The Specified Amount of coverage after the decrease must be at least $50,000. We may limit any requested decrease to the amount necessary
to keep the Policy in compliance with maximum premium limits under federal law.

**<u>No Maturity Date</u>**

The Policy does not have a maturity date. If the Insured is still living at Attained Age 121, all Monthly Deductions will cease, and we will not accept any additional premiums except for amounts required to keep the policy in force. New loans and loan repayments can continue to be made and the Policy Loan Balance will continue to accrue interest. The death benefit option will be changed to Option A, and partial withdrawals are not permitted after Attained Age 121. The Owner may surrender the Policy if they do not want coverage to continue past Attained Age 121. Continuing coverage beyond attained age 121 may disqualify the insurance for favorable tax treatment.

**D. LAPSE, GRACE PERIOD AND POLICY REINSTATEMENT**

**<u>Lapse</u>**

Because Account Value can fluctuate depending upon the performance of the selected variable Investment Options, the Policy can lapse, even if all Planned Periodic Premiums are paid on time. Lapse of the Policy may result in adverse tax consequences.

The Policy will lapse with no value when the Policy's Cash Surrender Value is not enough to cover any due but unpaid charges.

**<u>Grace Period</u>**

If the Cash Surrender Value on any Monthly Date is less than the Monthly Deduction for the next Policy month, the Owner will have a 61-day grace period to make a premium payment to continue the Policy. The minimum premium to continue the Policy is the amount which will result in the Cash Surrender Value on the date the grace period began being equal to the current Monthly Deduction plus the next two Monthly Deductions. At the start of the grace period, we will mail a notice of the minimum premium necessary to keep the Policy in force to the Owner at their current address on record with us and to any assignee on record. Insurance coverage continues during the grace period. If sufficient premium is not paid by the end of the grace period, the Policy will terminate without value as of the first day of the grace period. A death benefit will not be paid if the Policy has lapsed. If the Insured dies during the grace period, we will pay the death benefit proceeds.

**<u>Reinstatement</u>**

If the Policy lapses because a grace period ended without a sufficient payment being made, the Owner may reinstate it within five years of the date of lapse, so long as the Insured is Attained Age 80 or less. To reinstate, we must receive:

▪ Written application signed by the Owner and the Insured;

▪ Evidence of the Insured's insurability satisfactory to us, and the insurability of any insured covered under an optional benefit rider;

▪ Premium at least equal to (a + b - c) divided by (d) where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of all due and unpaid *Monthly Deductions* during the grace period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the sum of *Monthly Deductions* for three months from the date of reinstatement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is the *Account Value* at the beginning of the grace period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) is one minus the premium charge.

▪ Repayment or reinstatement of any outstanding Policy Loan.

The effective date of reinstatement will be the first Monthly Date following approval of the reinstatement.

The Account Value on the date of reinstatement will equal the <u>Net Premium paid to reinstate the Policy; plus the Account Value at the beginning of the grace period; minus the sum of the due and unpaid Monthly Deductions during the grace period.</u>

The Policy cannot be reinstated once it has been fully Surrendered.

**E. DISABILITY WAIVERS**

The Policy has an available optional benefit (rider) which allows waiver of certain charges and/or payment of benefits when the Insured is totally disabled. There is a monthly fee charged for this rider.

Waiver of Monthly Deduction Rider: This rider provides that during periods of the Insured's total disability, as defined in the rider, certain Policy charges and charges for any Policy riders will be waived.

**F. POLICY LOANS**

The Owner may borrow a limited amount of Account Value. There is no minimum loan amount. Interest accrues on outstanding loan amounts. After the 5<sup>th</sup> Policy year, the maximum loan rate is lower than during the first 5 Policy Years.

The Owner may obtain a loan secured by the Cash Surrender Value of your Policy. Any loan transaction will permanently affect the Account Value. We may require the Owner to sign a loan agreement. The Owner may ask their sales representative or us to provide illustrations giving examples of how a loan might affect their Account Value, Cash Surrender Value and death benefit.

Surrender or lapse of a Policy while a loan is outstanding could result in significant tax consequences.

The following chart applies to Policies dated prior to January 1, 2022.

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| | |
|:---|:---|
| **Amount You Can Borrow** | **Loan Interest Rate** |
| <u>Standard Policy Loan</u>. You may borrow no more than:<br> ▪ the Cash Surrender Value; minus<br> ▪ loan interest on Policy Loan Balance including the requested loan to the next Annual Date; minus<br> ▪ the sum of the next three Monthly Deductions. | <u>Standard Loan Interest Rate</u>. Current net annual loan interest rate of 1.0%: we charge a current interest rate with a 4.0% effective annual yield (guaranteed not to exceed 4.0%), but we also credit an interest rate with an effective annual yield of 3.0% to any amounts in the Loan Account. |
| **Amount You Can Borrow** | **Loan Interest Rate** |
| <u>Preferred Rate Policy Loan</u>. After five (5) Policy years, a portion of the Policy Loan Balance may qualify for the preferred loan interest rate. The portion eligible for the preferred loan interest rate is:<br> ▪ the Account Value; plus<br> ▪ the sum of partial withdrawals taken, minus<br> ▪ the sum of premiums paid. | <u>Preferred Loan Interest Rate</u>. Current net annual loan interest rate of 0.0%: we charge a current interest rate with a 3.0% effective annual yield (guaranteed not to exceed 3.5%), but we also credit an interest rate with an effective annual yield of 3.0% to any amounts in the Loan Account. |

---

The following chart applies to Policies dated on or after January 1, 2022.

---

| | |
|:---|:---|
| **Amount You Can Borrow** | **Loan Interest Rate** |
| Standard Policy Loan. You may borrow no more than:<br> ▪ the Cash Surrender Value; minus<br> ▪ loan interest on Policy Loan Balance including the requested loan to the next Annual Date; minus<br> ▪ the sum of the next three Monthly Deductions. | Standard Loan Interest Rate. Current net annual loan interest rate of 1.0% (guaranteed not to exceed 3%): we charge a current interest rate with a 4.0% effective annual yield (guaranteed not to exceed 4.0%), but we also credit an interest rate with an effective annual yield of 3.0% (guaranteed to be at least 1.0%) to any amounts in the Loan Account. |
| **Amount You Can Borrow** | **Loan Interest Rate** |
| <u>Preferred Rate Policy Loan</u>. After five (5) Policy years, a portion of the Policy Loan Balance may qualify for the preferred loan interest rate. The portion eligible for the preferred loan interest rate is:<br> ▪ the Account Value; plus<br> ▪ the sum of partial withdrawals taken, minus<br> ▪ the sum of premiums paid. | <u>Preferred Loan Interest Rate</u>. Current net annual loan interest rate of 0.0% (guaranteed not to exceed 2.5%): we charge a current interest rate with a 3.0% effective annual yield (guaranteed not to exceed 3.5%), but we also credit an interest rate with an effective annual yield of 3.0% (guaranteed to be at least 1.0%) to any amounts in the Loan Account. |

---

**<u>Loan Rules</u>**

▪ The Policy must be assigned to us as security for the loan.

▪ We will accept a loan request signed by the Owner on our form of Written Notice by mail or facsimile. However, when accepting a request
by a method not requiring an original signature, there is a greater possibility that unauthorized persons can manipulate the signature
and make changes on the Policy (including withdrawals) without the Owner's knowledge.

▪ We will transfer all loan amounts from the Subaccounts and the Fixed Account to a Loan Account. The amounts will be transferred on
a Pro-Rata basis, unless the Owner instructs us otherwise. If the value of an Investment Option after a transfer pursuant to the Owner's
instructions is less than $100, the amounts will be transferred on a Pro-Rata basis.

▪ Interest accrues daily and becomes a part of the Policy Loan Balance. Loan interest is due on each Policy Anniversary. If the interest
is not paid when due, we will transfer an amount equal to the unpaid loan interest only from the Policy Investment Options the Owner designates;
if that is not possible (due to insufficient value in an Investment Option elected) or the Owner has not provided such instructions, we
will deduct loan interest on a Pro-Rata basis from balances in all Subaccounts and the Fixed Account.

▪ If the Policy Loan Balance exceeds Account Value minus accrued expenses and charges, the Owner must pay the excess or the Policy will
lapse.

▪ The Owner may repay the Policy Loan Balance in full or in part any time while the Policy is in force. We will deduct the amount of
the loan repayment from the Loan Account and allocate that amount among the Subaccounts and the Fixed Account in the same percentages
as Net Premium is allocated on the date of repayment. The Owner must instruct us to treat the payment as a loan repayment; otherwise,
we will treat any unspecified payment as premium. Loan repayments will not incur a maximum sales charge imposed on premiums (load).

▪ The death benefit will be reduced by the amount of any Policy Loan Balance on the date of the Insured's death.

▪ We may defer making a loan from the Fixed Account for up to six months unless the loan is to pay premiums to us.

A Policy Loan, whether or not repaid, will affect the Cash Surrender Value of the Policy over time. We will transfer all loan amounts from the Subaccounts and the Fixed Account to a Loan Account. The Loan Account does not participate in the investment experience of the Investment Options or receive the potentially higher current interest rate credited to the Fixed Account.

**G. Misstatement of Age or Gender**

If an Insured's age or gender has been misstated on the application, an adjustment will be made to reflect the correct age and gender. If the misstatement is discovered at death, the Policy death benefit and any additional benefits provided will be adjusted based on what the cost of insurance rate as of the most recent Monthly Date would have purchased at the Insured's correct age and gender. If the misstatement is discovered prior to death, the Cash Surrender Value will be adjusted, based on the Insured's correct age and gender, to reflect the expense charges, and cost of insurance rates from the Policy Date.

**H. SUICIDE**

We will terminate the Policy without payment of the death benefit and give back the premiums received, less any partial withdrawals and Policy Loan Balance, if the Insured, while sane or insane, commits suicide within two years (one year in North Dakota) after the date the Policy was issued. We will pay only the Monthly Deductions for an increase in Specified Amount of insurance if the Insured, while sane or insane, commits suicide within two years (one year in North Dakota) after the effective date of any increase. Riders to the Policy may have separate suicide provisions.

**I. INCONTESTABILITY**

We will not contest the Policy, in the absence of fraud, after it has been in force while the Insured is alive for two years from the Issue Date, nor will we contest any increased benefits later than two years after the effective date of such increase. If the Owner did not request the increase or if evidence of insurability was not required, we will not contest the increase. Increased benefits, for the purposes of this provision, shall include any favorable Policy changes the Owner requests. If the Policy is reinstated, the contestable period will start over again beginning on the reinstatement date, but only for statements made in the application for reinstatement. Riders to the Policy may have separate incontestability provisions.

**J. NONPARTICIPATING**

The Policy is nonparticipating. No dividends will be paid under the Policy.