1-800-555-0955

Withdrawal Phase

At any time after age 50, you may choose to move to the Withdrawal Phase and begin guaranteed lifetime withdrawals. You can enter the Withdrawal Phase directly from the Inactive Phase or from the Accumulation Phase. The amount received, or the Lifetime Withdrawal Benefit Amount (LWBA), is a percentage of the Benefit Base. The percentage is determined by your attained age at the beginning of the Withdrawal Phase (attained age of the youngest spouse for joint spousal).

Age at Onset of Withdrawal Phase

  

Lifetime Distribution Factor

 

 50-54  4.0%
 55-59  4.5%
 60-64  5.0%
 65-69  5.5%
 70-74  6.0%
 75-79  6.5%
 80+  7.0%

Provided no excess withdrawals are taken, the Lifetime Withdrawal Benefit Amount:

• Is Guaranteed Not To Decrease–even if the market is down, if returns are flat or if the policy value is reduced to zero. You will receive guaranteed withdrawals for life. Lifetime withdrawals may impact policy value, but the Benefit Base will never decrease.
• Can Increase–based on potential account value growth or additional deposits, even after withdrawals begin.

Benefit Base: Largest of Three Values
The Benefit Base is determined at the beginning of the Withdrawal Phase and is the largest of three values:
• Policy Value or
• Premium Accumulation Value or
•  Maximum Anniversary Policy Value.

 

Step-Up of Benefit Base
On each policy anniversary during the Withdrawal Phase, the policy value will be compared to the Benefit Base. If the policy value is greater than the Benefit Base, the Benefit Base will automatically be increased to equal the policy value. The LWBA will be recalculated and your guaranteed withdrawals will increase. The step-up will not result in an increase in the cost of the rider. Plus, if you choose to deposit additional premiums during the Withdrawal Phase, the policy value, Benefit Base, and the LWBA will all be increased.

The hypothetical examples on this page do not reflect the past or future performance of any investment portfolio. They assume no additional purchase payments, contingent deferred sales charges, rider charges, mortality and expense risk charges, administrative charges or underlying portfolio expenses. Actual policy values may vary. A zero percent gross rate of return is included on the graphs for comparison purposes to show what would happen to the policy value in a flat market. Remember, the LWBA is based on the Benefit Base, not policy value.

 

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 012 Ed. 11-07
Copyright 2009 Contact Us | Privacy | Legal