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 Guaranteed Lifetime Withdrawal Benefit

What if you could eliminate the worry of running out of money during retirement?  An Ameritas No-Load Variable Annuity with a Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider can offer control and protection of your retirement assets while you receive a guaranteed, flexible source of income for as long as you live.  Variable annuities can be an integral part of your long-term retirement planning strategy. The GLWB rider is designed to help protect your retirement assets from market downturns and potentially eliminate the risk of outliving your income.

You can feel comfortable knowing you have the potential to receive guaranteed income for life without giving up control of your retirement assets.  You decide when and if  to activate the GLWB Rider.  When you are ready, after age 50, you can begin taking guaranteed lifetime withdrawals. Even if the market is down or flat or if your policy value reaches zero, you will continue to receive your guaranteed withdrawals for life.  

 

 

 
Inactive Phase

The GLWB can always remain in the Inactive phase. During this phase:

• there is no charge for the rider,

• no restrictions on asset allocations*

• no limits on withdrawals*

*other than those provided by the base policy

Rider Activation 
 After age 50 of the youngest covered person, the GLWB can be activated to enter the Accumulation Phase or the Withdrawal Phase.
Asset Allocation

When the GLWB is activated, the policy value must be directed into an asset allocation model provided by Ameritas. You have the choice of the following models:

• Capital Growth
• Moderate
• Balanced
• Conservative

Costs

Charges for the GLWB begin only after it is activated in to the Accumulation or Withdrawal Phase.  Annual charges are:

• 0.95% (current and guaranteed)  for the single life option, or
• 1.10% (current and guaranteed) for the joint spousal option.

Accumulation Phase
When the GLWB is activated after age 50, you can choose to enter the Accumulation Phase. This phase provides:
Downside market protection by guaranteeing a 5% annual compounded rate of return for 10 years on the Premium Accumulation Value.
Withdrawal Flexibility by permitting one withdrawal per year, which gives you access to money if it is needed, protects an active position, and allows the delay of the start of the Withdrawal Phase.
 
More details about the Accumulation Phase.
Withdrawal
Phase 
When the GLWB is activated after age 50, your can choose to enter the Withdrawal Phase immediately or from the Accumulation Phase. The Withdrawal Phase provides:
Guaranteed Lifetime Withdrawals for a steady stream of income for life.
 
The amount of income received, or the Lifetime Withdrawal Benefit Amount, will be a percentage of the Benefit Base. 
 
More details about the Withdrawal Phase.
Guaranteed Phase

This phase follows the Withdrawal Phase when the policy value reaches zero. It provides:

Guaranteed Income Protection for Life because the Lifetime Withdrawal Benefit Amount will continue to be paid even when the policy value reaches zero until the death of the last surviving covered person.

Legacy for Heirs if the last surviving covered person dies and the policy value is zero, the guaranteed withdrawals will continue to be paid to the beneficiary until the Remaining Balance is zero. (Note: there is no guarantee that a policy will have a Remaining Balance on the death of the last Covered Person(s)).

During this phase the LWBA will remain the same but no additional premiums will be accepted and the rider will no longer provide annual step-ups.

Death Benefit Upon the death of the last Covered Person, the beneficiary can elect to receive either the Death Benefit as provided by the policy or the distribution of the Remaining Balance. If the Remaining Balance option is chosen, it will be distributed to the beneficiary through the payment of the LWBA until the Remaining Balance is zero. If the last Covered Person dies and the policy value is zero, any Remaining Balance will be distributed to the beneficiary as described in the preceeding paragraph.

 

 

Related Information
 Accumulation Phase
 Withdrawal Phase
 Frequently Asked Questions
 Important Definitions
 Ameritas No-Load VA Client Brochure
 GLWB Client Brochure
 Product Prospectus

The GLWB rider may not be approved in all states and cannot be added to previously-issued policies.

Guarantees are based upon the claims-paying ability of the issuing company and do not apply to the investment performance or account value of the underlying variable portfolios. Any gains withdrawn are taxed as ordinary income and may result in federal tax penalties if taken before age 59½.

Ameritas No-Load Variable Annuity (Form 6150) is issued by Ameritas Life Insurance Corp. and underwritten by affiliate Ameritas Investment Corp. Variable annuities are suitable for long-term investing, particularly for retirement, and are subject to investment risk, including possible loss of principal. Before investing, carefully consider the investment objectives, risks, charges and expenses, and other important information about the policy issuer and underlying investment options. This information can be found in the policy prospectus and investment option prospectuses available on this website or by calling 800-552-3553. Read the prospectuses carefully before investing.


ADVAW 010 Ed. 5-08
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