Ameritas Direct The No-Load Insurance Pioneer

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Third Avenue Variable Series Trust
Founded in 1986, Third Avenue Management LLC offers investment advisory services to the Third Avenue Management's retail mutual funds and subadvised portfolios, as well as private and institutional clients. Third Avenue manages approximately $16 billion in assets as of 12/31/09. The investment team, led by Chief Investment Officer Curtis Jensen, pursues a disciplined, fundamental bottom-up value approach to achieve long-term capital appreciation.

Investment Option Firm/Fund Third Avenue	Asset Category	Risk/Reward Potential	Objective/Primary Investments
Value	World Stock	1 2 3 4 5	Primarily invested in common stocks of well-financed, well-managed companies at a discount to what Fund management believes is their intrinsic value, with a goal of long-term capital appreciation with limited investment risk. May also invest in senior securities, preferred stocks, and debt instruments (including high-yield securities) that Fund management believes are undervalued.

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