Ameritas Accumulation 7 Index with 5-Year Surrender

Ameritas Life Insurance Corp.
Ameritas Accumulation 7 Index with 5-Year Surrender-brochure Ameritas Accumulation 7 Index with 5-Year Surrender-brochure

Ameritas Accumulation 7 Index with 5-Year Surrender

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Ratings:

  • A.M. Best A
  • S&P A+
  • Comdex 79

About Product

Type
Fixed Index
Purpose
Accumulation & Legacy
Term
5 Years
Surrender schedule
9%9%7.75%6.5%5.25%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$2,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, and 457 plan
Launch Date
11/19/2018
Whether you’ll need your savings for retirement, an emergency fund or to leave more for loved ones, it will take careful planning to help ensure your goals are met. Adding Ameritas Accumulation 7 Index Annuity, a flexible premium deferred annuity, to your plan may help you overcome today’s challenges, including low interest rates, market downturns, rising health care expenses and longer life expectancies. 

Accumulation 7 IA provides:
  • Features to grow your savings. 
  • Access to your money if you need it. 
  • Options to leave a legacy. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.6% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
6.6% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
7.05% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.15% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
7.65% Cap
1-Year Russell 2000 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
8.6% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
6.35% Cap
1-Year MSCI EAFE PTP Monthly Average Cap
Point to Point
Annual
Monthly average
9.3% Cap
1-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate
Point to Point
Annual
130% Participation
2-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate
Point to Point
Annual
180% Participation
1-Year Fixed Account
Fixed
3.95% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.2% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
8.55% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.35% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
8.45% Cap
1-Year Russell 2000 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
9.75% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
7.2% Cap
1-Year MSCI EAFE PTP Monthly Average Cap
Point to Point
Annual
Monthly average
11.9% Cap
1-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate
Point to Point
Annual
145% Participation
2-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate
Point to Point
Annual
195% Participation
1-Year Fixed Account
Fixed
4.15% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.65% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
9.35% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.45% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
8.85% Cap
1-Year Russell 2000 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
10.45% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
7.7% Cap
1-Year MSCI EAFE PTP Monthly Average Cap
Point to Point
Annual
Monthly average
13.25% Cap
1-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate
Point to Point
Annual
150% Participation
2-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate
Point to Point
Annual
200% Participation
1-Year Fixed Account
Fixed
4.2% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.8% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
9.45% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.5% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
8.95% Cap
1-Year Russell 2000 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
10.55% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
7.85% Cap
1-Year MSCI EAFE PTP Monthly Average Cap
Point to Point
Annual
Monthly average
14% Cap
1-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate
Point to Point
Annual
155% Participation
2-Year S&P 500 Sector Rotator DRC2 5% ER PTP Participation Rate
Point to Point
Annual
205% Participation

Surrender schedule

Year 1 2 3 4 5
Penalty 9% 9% 8% 7% 5%

Riders

Name Inbuilt Fee
Enhanced Death Benefit Rider No
5-Year Surrender Charge Rider Yes 0.15% annually (0.00% after 5 years) (0.18% max)

Waivers

Terminal Illness

If, after the policy begins, you become diagnosed with a terminal illness that results in a life expectancy of 12 months or less, surrender charges may be waived on withdrawals.

ADL

At least one year after the policy date, if you need home health care services from a licensed home health care service agency because you are unable to perform 2 of 6 activities of daily living, which includes bathing, continence, dressing, eating, toileting and transferring, and show evidence of such services, you may qualify for a waiver of surrender charges. You must not have been confined or required home health care services during the year prior to your policy being issued.

Confinement

At any time after policy issue, if you become confined for at least 30 consecutive days to a qualified institution and show evidence of such confinement, surrender charges may be waived on withdrawals. To qualify for the waiver, you must not have been confined during the year prior to your policy being issued.

Premium Notes

  • $100 minimum additional. Additional premium can be lump sum or scheduled.
  • $2 000 000 maximum per owner without Home Office approval or commission reduction.

Withdrawal Provisions

Access to your money
Accumulation 7 offers you the comfort of knowing you have access to your money if unforeseen opportunities or issues arise. However, if you choose to access your funds during the policy’s first seven years, and you do not qualify under any of the available penalty-free options, surrender charges will apply to partial withdrawals or full surrenders. Remember that withdrawals are taxable events, and if taken prior to age 59½, tax penalties may apply. Consult with your attorney or tax professional before taking a withdrawal.

Market value adjustment
A market value adjustment (MVA) may also apply if you surrender your contract during the surrender charge period. The MVA is calculated by comparing the interest rate environment when you purchase your contract to the environment when you choose to surrender your contract. Generally, a decrease in market interest rates may result in a somewhat higher net amount payable upon withdrawal; rising interest rates may result in a somewhat lower net payment. The MVA amount may vary by state and may not be applicable in all states.

Penalty-free withdrawals
Each policy year after the first year, you may withdraw up to 10% of your beginning-of-year accumulation value without incurring surrender charges or an MVA. The minimum withdrawal amount is $500. 

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