Ameritas Income 10® Index Annuity

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Ameritas Income 10® Index Annuity

Issued by Ameritas Life Insurance Corp.

Money that can last for as long as you do Retirement can be as exciting as traveling the world or as relaxing as spending a day on the beach. Whatever your vision is, it takes careful planning to get there. Adding Ameritas Income 10 Index Annuity, a flexible premium deferred annuity, to your plan may help you overcome today’s retirement challenges, including low interest rates, market downturns and longer life expectancies. Ameritas Income 10 Index Annuity, a flexible premium deferred annuity, can be an integral part of your retirement income strategy. Not only does it give you a place to grow and protect your money as you save for retirement, it also provides a foundation for guaranteed income once you retire. Guaranteed1 income is one way to help provide some assurance that you can cover your essential expenses such as housing, healthcare and food for as long as you live. Guaranteed income comes from investments or benefits that are guaranteed to not run out as you take money from them. An annuity can turn assets into a steady, guaranteed income stream. This means that no matter how long you live, you can always depend on this money coming in.

Income 10 features two Guaranteed Lifetime Withdrawal Benefit riders, available for an additional charge, that define how much money you’ll receive from your policy once you retire. These riders allow you to maintain control of your account, continue to earn interest and access your money, even after you start making your guaranteed lifetime income withdrawals.

Increase your income Both GLWB riders offer a plus option that you can add for an additional charge when you purchase your policy. With the plus, the amount of your guaranteed lifetime income will double if you are unable to perform 2 of 6 activities of daily living (bathing, dressing, toileting, transferring, continence and feeding).

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Guaranteed income for life

The two GLWB riders to choose from are called Income Protector and Income Builder. Understanding some key terms helps explain how they work.

Accumulation value

The accumulation value is your annuity’s value based on the premium you’ve paid and the performance of the chosen indexes. The amount that you earn is called interest credits. The value of your policy grows tax deferred, which can help you accumulate even more over the long term. You can access it at any time, although surrender charges, taxes and tax penalties may apply.

If you die before you begin receiving income payments, Income 10 guarantees that your beneficiaries will receive the full accumulation value of your policy, including all the interest you’ve earned and the balance of GLWB charges you’ve paid.

It’s during this accumulation phase that the guaranteed income amount that you will receive in retirement is determined. This amount is different from your accumulation value and is called the Premium Accumulation Value. This amount is based on the premium you’ve paid and grows through a guaranteed annual compounded rate of return for up to a 10-year period. The rate is different for each rider:

Income Protector Rider

This option provides a strong guarantee with a level income amount—the amount that you withdraw is guaranteed to be the same for as long as you live. It grows at 7.00% for the first 10 years of the policy. After that, it grows at the same amount as your interest credits.

Income Builder Rider

This option provides more opportunity for potential growth—the amount of your withdrawals may increase over your lifetime but not decrease from your initial withdrawal amount. For the first ten years of the policy, it grows at a rate of 3.00% plus 200% of the of the amount you earn in interest credits. After that, it grows at the same amount as your interest credits. Both riders are available for the same current annual charge of 1.00% (2.00% maximum for Single Life, 2.50% maximum for Joint Spousal).

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