Ameritas Direct The No-Load Insurance Pioneer

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American Century Investments
American Century Investments is a leading privately-held investment management firm committed to delivering superior investment performance and building long-term client relationships since 1958. Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers a variety of actively managed investment disciplines through an array of products including mutual funds, institutional separate accounts, commingled trusts and sub-advisory accounts.

Investment Option Firm/Funds

American Century VP Class I

Asset Category

Risk/Reward Potential

Objective/Primary Investments

International

Large Cap International

1 2 3 4 5

Seeks capital growth by investing primarily in securities of companies located in developed countries (excluding the United States). ¹

Mid Cap Value

Mid-Cap Value

1 2 3 4 5

Seeks long-term capital growth, with income as a secondary objective. The fund's managers will invest at least 80% of its assets in securities of what they believe are undervalued companies, whose market capitalization at the time of purchase is within the capitalization range of the Russell 3000® Index, excluding the largest 100 such companies. ^2,3

Information on the risk ranking of investment options is provided by the UNIFI Investment Products Group (an affiliate of Ameritas Life Insurance Corp.), and is provided as impersonal information, and not as investment advice. The Investment Products Group is not advising you personally concerning the nature, potential, value or suitability of any particular investment option. The provision of a risk ranking does not constitute a recommendation that any particular investment option is suitable for any specific person. Risk rankings are prepared from sources believed to be reliable, but the sources are not guaranteed and may not be accurate. Please consult with your own advisers concerning the advisability of selecting particular investment options within your policy. Risk rankings range from “1” (lower risk and lower reward potential) to “5” (higher risk and higher reward potential).

¹Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risk relating to political economic or regulatory conditions in foreign countries. These risks include fluctuations in foreign currencies; withholding or other taxes; trading, settlement, custodial and other operation risk; and the less stringent investor protection and disclosure standards of some foreign markets.

²Indexes are unmanaged.

³ Mid capitalization stocks have historically exhibited more volatility than larger-capitalization stocks.

Ameritas No-Load Variable Annuity (Form 6150) is issued by Ameritas Life Insurance Corp. and underwritten by affiliate Ameritas Investment Corp. Product not available in NY.

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, 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 800-555-0955. Read the prospectuses carefully before investing.

ADVAW 003 Rev. 5-08