Ameritas Direct The No-Load Insurance Pioneer

1-800-555-0955

Calvert Variable Series, Inc.
Calvert Asset Management Company, Inc. (CAMCO) is the Investment Advisor to the Calvert family of funds, overseeing over $11.5 billion in assets in a broad range of equity, fixed-income, balanced and asset allocation funds. CAMCO's Equities Department oversees the firm's nine world-class equity sub-advisors who provide expertise in their areas of specialization and offer investors a broad spectrum of investment styles and objectives. CAMCO directly manages a full family of fixed-income portfolios for individual and institutional accounts. CAMCO's investment team employs a relative-value strategy, seeking to uncover investment opportunities often overlooked by Wall Street. Calvert is an affiliate of Ameritas Life Insurance Cop. and Ameritas Investment Corp.

Investment Option Firm/Funds Calvert Variable Series	Asset Category	Risk/Reward Potential	Objective/Primary Investments
VP SRI Strategic	Large Cap Blend	1 2 3 4 5	Seeks long-term capital appreciation and secondarily, current income, by investing in domestic equity securities and debt securities of all types using the Portfolio's corporate responsibility standards and strategies. The Portfolio invests primarily in equity securities selected on a value basis.
VP SRI Balanced	Balanced	1 2 3 4 5	Seeks Income and capital growth, by investing in stocks (60%) and bonds and other fixed income investments (40%) which satisfy the Portfolios' investment criteria, including financial, sustainability, and social-responsibility factors. Stock investments are primarily large-cap common stocks; fixed-income investments are primarily a variety of investment grade securities.
VP SRI Equity	Large Cap Growth	1 2 3 4 5	Seeks growth of capital through investment in stocks of issuers in industries believed to offer opportunities for potential capital appreciation and which meet the Portfolios' investment criteria, including financial, sustainability, and social-responsibility factors. The Portfolio invests primarily in the common stocks of U.S. large-cap companies.

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).

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