How does my client purchase an annuity?
To get started, after your client has reviewed the product and funds prospectuses, simply have them complete the application (and applicable forms). If transferring funds from an existing annuity, it is not necessary to send money with the application, but the owner will need to enclose a completed 1035 Exchange or Transfer/Rollover form with the application. Please note, investment is accepted through some qualified plans. However, special forms are required and additional limitations may apply. Please call before your client submits an application as part of a qualified plan so that we may ensure all of the proper forms are completed. Also, keep in mind, there may be penalties and withdrawal charges, which may be substantial, associated with an early withdrawal from an existing annuity.
How long does it take to issue the new annuity with Ameritas?
Once we receive the check and completed application, the annuity will be issued within two business days. Payments made by rolling over or exchanging another annuity may take several weeks depending on the processing time at the other insurance company to execute the exchange or rollover.
How do I view my clients' account values?
If your client has completed the necessary authorization form, you will be able to view all of your clients' policies on line. You'll be asked to sign in with a user id and password. At anytime, if you have any questions, you can contact Ameritas Advisor Services' salaried associates at 1-800-555-4655 for assistance.
What are the ticker symbols for the funds in the annuity? I'd like to follow the performance.
Although they may seem similar, the investment options in the annuity are not mutual funds so there are no ticker symbols. However, you can view daily updated investment option performance on our website.
Do I get an annuity statement?
Yes. Each calendar quarter a statement is mailed to you and your client. A summary annual statement is also delivered each contract year. You'll also receive a confirmation statement any time your client invests more money in their annuity or anytime a trade is made within the annuity.
Can my client borrow from his annuity?
No, annuities generally do not have loan provisions. The owner can access part of the value of the annuity through partial withdrawals and remember, their are no withdrawal charges. Withdrawals are taxed as ordinary income and withdrawals prior to age 59½ may incur additional penalties.
IRAs have minimum required distributions starting at age 70½. Do annuities have similar requirements?
If the annuity is part of an IRA, the same requirements apply. However, if the annuity is not part of an IRA, no IRS distribution rules apply.
Can variable annuity policies be linked to a Broker/Dealer Managed account?
Yes.The Ameritas No-Load Variable Annuity is designed to fit seemlessly in to a managed account program.
The Ameritas No-Load Variable Annuity (form 6150) is 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, which are available on this web site. Please read the prospectuses carefully before investing or sending money. Not available in NY.