Product Details
The Ameritas No-Load Universal Life insurance policy is designed for those buyers seeking value, versatility and less risk. As a universal life policy, it provides flexible premiums, death benefit and access to cash value. It can also be structured to deliver a guaranteed death benefit. It is an exceptional value because it features no up-front sales load and no surrender charge.
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Issue Age |
0-90 |
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Minimum Coverage |
$50,000 or $100,000 for preferred |
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Maximum Face Amount |
$10 million (higher requires prior approval) |
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Policy Charges
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Commission: 0%
Surrender Charge: 0%
Administrative Charge: $4/mo for policies under $1 million. None for policies over $1 million.
Premium Taxes: 2.5% |
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Rating Classes |
Preferred, Standard Non-Tobacco Use, Standard Tobacco Use |
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Death Benefit Options |
Option A: Specified face amount OR
Option B: Specified face amount plus cash value. |
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Riders |
Children's Protection Rider, Guaranteed Death Benefit, Guaranteed Insurability Rider, Payor Waiver Rider, Term Rider, Terminal Illness Rider, Waiver of Monthly Deductions Rider. Find out more by clicking link at right. |
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Partial Withdrawals |
Minimum of $500, must maintain surrender value of $1,000. Charge: $25.
Withdrawals reduce death benefit & may cause policy to lapse. |
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Loans |
Charge is 5.5%, earning 3.5%, net 2%. |
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Preferred Loans |
All earnings available after 5 years at net 0%. |
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State Approvals |
Available in all states except MT and NY | |
Ameritas No-Load Universal life insurance policy (Form 3157) is issued by Ameritas Life Insurance Corp.
