Ameritas life insurance

Ameritas life insurance received a rating of 4 stars out of 5 for overall performance. Our editorial team determines InsuredCircle ratings. Consumer experience, complaint statistics from the National Association of Insurance Commissioners, and financial strength ratings are all factored into the scoring algorithm.

Ameritas life insurance pros and cons

Ameritas life insurance policies

Ameritas offers both term life insurance and permanent life insurance products.

Term life insurance. Depending on your age, you can purchase the Ameritas Value Plus Term policy for one, ten, fifteen, twenty, or thirty years. The policy is available to persons between the ages of 18 and 80, with coverage starting at $100,000. If you want to convert your coverage to permanent life insurance, you can do so for free during the first five years.

For coverage amounts of $300,000 or less, Ameritas' FLX Term policy does not require a life insurance medical exam.

Whole life insurance. There are a few options to choose from:

• Ameritas Access Whole Life lets you to pay premiums until you reach the age of 75, or for a period of 25 years, whichever comes first.
• Premiums for Ameritas Growth Whole Life are payable until the age of 100.
• Ameritas Growth 10 Pay Whole Life is similar, except you'll pay it off in 10 years.
• Ameritas Value Plus Whole Life is intended for customers who require less than $25,000 in coverage and do not require riders.

Because Ameritas is a mutual corporation, policyholders of whole life insurance may receive dividends based on the insurer's financial performance.

Universal life insurance. The Value Plus UL policy from Ameritas provides adjustable premiums and payouts, allowing you to tailor coverage to your changing needs. The amount of universal life insurance you can purchase is determined by your age and health, although coverage normally begins at $50,000 or $100,000.

Variable universal life insurance. The cash value of variable universal life insurance is invested in the alternatives of your choice. You can use the web portal to keep track of your investments and reallocate cash as needed. Ameritas offers two policies: Advisor II VUL and Performance II VUL.

Indexed universal life insurance. Ameritas offers a variety of indexed universal life insurance plans, including the Value Plus Survivor IUL, which covers two individuals and pays out when the second person dies. Except for New York and California, it is available in all states.

Policies available through partnerships

Ameritas also provides quick life insurance plans to its partners:

• Simplified Issue Term, available via Ethos.
• Ash Brokerage offers Instant Term.

Available riders and add-ons

With typical life insurance riders, you can tailor your coverage. These include a waiver of premium rider, which suspends your premiums if you become incapacitated, and an accidental death benefit rider, which pays an additional sum to your life insurance beneficiaries if you die in an accident.

Ameritas also provides a Care4Life accelerated death benefit rider, which allows you to access the proceeds of your insurance if you are diagnosed with a serious, chronic, or fatal illness.

Ameritas customer complaints and satisfaction

According to InsuredCircle examination of data from the National Association of Insurance Commissioners, Ameritas' customers filed less complaints to state regulators over three years than the expected number for a firm of its size.

More about Ameritas

Ameritas also sells the following financial products in addition to individual life insurance:

• Annuities.
• Disability insurance.
• Dental and vision insurance, offered through the workplace.
• Group life insurance.
• Investing services, including financial planning and assets management.

Life insurance buying guide

Before you begin comparing providers, decide whether you want term or whole life insurance. Determine which life insurance riders, if any, you want included in the policy. Determine the amount of life insurance you require and how long you want the coverage to last. Check to see if the insurers you're considering provide the coverage you require.

When comparing rates, make certain that the quotations are for the same amount of coverage during the same time period. It's also critical to ensure that the policy's medical standards correspond to your demands. For example, if you want to avoid the life insurance medical exam but don't mind answering health-related questions, make sure the application process for each policy you're considering is compatible.

Price may not be the most important factor in your purchase decision. Examine the number of consumer complaints received by each company, as a high number can be a red flag concerning the quality of service.