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Ameritas Life

 
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company Information

Company Name

Ameritas Life

Description
Ameritas traces its roots back to 1887 when they were called Old Bankers Life Insurance Company. They were the first insurance company in Nebraska. In 1988, Bankers Life changed it's name to Ameritas Life Insurance Corporation. Ameritas sells a range of financial services products through brokers, banks and other financial professionals.
Product Type
Index annuities are for conservative investors who like safety. They were introduced in 1995 to compete with bank CDs. Index annuities are fixed annuities that deliver fixed income type of returns. They don’t have the upside or downside of the market. They compete with bonds, CDs, and other safer investments. They allow you to capture some of the growth of a market index while having 100% downside protection. Returns are linked to a positive performance in an external index. You are not directly participating in the market. You are watching the market, and a formula decides how much gain of the index you receive.
Product description

Ameritas Income Mark Select

term
10 Years
minimum investment
$ 1,000,000
maximum investment
$ 85
maximum age
After the first contract year, you can withdraw up to 10% of the account balance penalty-free.
withdrawal allowance
Withdrawals are Permitted

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Surrender Charge Schedule

Surrender charges are a penalty charged to early withdrawals of annuity contract. They are a percentage of the withdrawal amount, decrease over time, and go to zero when the term ends.

percentage charged to withdrawal

Year
Percentage
1
10%
2
10%
3
10%
4
9%
5
9%
6
8%
7
7%
8
6%
9
4%
10
2%
market-value adjustment (MVA)

A market value adjustment is basically an additional charge or credit for taking money out early from an annuity.

They allow companies to pay a higher rate and make longer-term investments.

MVAs only affect you if you withdraw funds early. If you own the contract to maturity, they do not apply.

other Information

fitch ratingA+ Strong (5th of 21 ratings)
S&P ratingIncome Mark Select
Product brochure
agent
commission
3,000.00
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premium TypeAmeritas FlexMark Select Ameritas FlexMark Select LT Ameritas FlexMark Select LT Plus Ameritas FlexMark Select Plus Ameritas Income Mark Select
account Type2-6%
options at
maturity

4.50 - 6.50%

death benefit provision(800) 745-1112
taxesameritas.com
surrender schedule
10%, 10%, 10%, 9%, 9%, 8%, 7%, 6%, 4%, 2%
free-look period• BNPP Momentum 5 • Russell 2000 • S&P 500 • US Innovative Leaders 5
RMDOption 1 - 0.95% Option 2 - 0.95%
market value adjustmentYes
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