Ameritas Direct The No-Load Insurance Pioneer

1-800-555-0955

Important Definitions

This glossary provides further explanation of the terms used to describe the Guaranteed Liftetime Withdrawal Benefit rider.

Benefit Phase	Benfit phases are defined as: • Inactive Phase. The period of time when this rider is inactive. The owner chooses when to end the Inactive Phase, but it cannot end before the Youngest Age 50. There is no charge for the rider in this phase. • Accumulation Phase. The period of time between the Rider Activation Date and the first date of the Withdrawal Phase. • Withdrawal Phase. The period of time beginning with the occurrence of the first withdrawal as outlined in the Withdrawal Phase section of the rider. • Guaranteed Phase. The period of time during which Lifetime Withdrawal Benefit Amount payments continue to be made, although the policy value has been reduced to zero.
Benefit Base	The amount used in conjunction with the lifetime distribution factor to determine the Lifetime Withdrawal Benefit Amount.
Covered Person(s)	• The owner(s) of the policy; or • The annuitant(s) if the owner of the policy is a non-natural person, such as a trust, or • The joint spouses at the time the joint spousal option is selected. Once the rider is activated, no changes to the Covered Persons will be permitted.
Excess Withdrawal	The portion of any withdrawal taken during the Withdrawal Phase that makes the total of all withdrawals in a Rider Year exceed the current Lifetime Withdrawal Benefit Amount at the time of withdrawal.
Lifetime Withdrawal Benefit Amount (LWBA)	The maximum amount that can be withdrawn under this rider during a Rider Year without reducing the Benefit Base.
Maximum Anniversary Policy Value	The highest policy value on any policy anniversary during the 10-year period after the later of the Rider Activation Date or the most recent reset date.
Monthly Anniversary	The same date in a succeeding month as the policy date.
Premium Accumulation Value	The sum of premiums paid accumulated at an annual compound rate of interest for a 10-year period during the Accumulation Phase beginning with the later of the Rider Activation Date or the most recent reset date. The rate of interest is: • 5% for the Rider Year in which no withdrawal is taken • 0% for the Rider Year in which a withdrawal is taken. The initial Premium Accumulation Value is determined as follows: • If the Rider Activation Date is the same as the policy date, it is equal to the initial premium. • If the Rider Activation Date is after the policy date, it is equal to the policy value as of the Rider Activation Date.
Remaining Balance	The most recently determined Benefit Base minus the sum of all withdrawals made since the later of the beginning of the Withdrawal Phase or the most recent step-up of the Benefit Base. The Remaining Balance will never be less than zero.
Rider Activation Date	The end of the Inactive Phase and the beginning of the Accumulation Phase or the Withdrawal Phase. It must coincide with a Monthly Anniversary and cannot occur before the Youngest Age 50.
Rider Year	For the first Rider Year, the period of time from the Rider Activation Date to the next policy anniversary. Subsequent Rider Years will coincide with policy years.
Youngest Age	The attained age of the youngest Covered Person.

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 is not approved in NY and available on new issues only.

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) and Guaranteed Lifetime Withdrawal Benefit Rider (Form 4901) are 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 and investment option prospectuses. Read the prospectuses carefully before investing.

ADVAW 014 Ed. 11-07