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variable annuity FAQs

Frequently asked questions about Ameritas no-load variable annuities

How does my client purchase an annuity?
The process is simple. After your client has reviewed the product and funds prospectuses, have them complete the application and all applicable disclosure forms which we will provide or are available on this site. If they’re transferring funds from an existing annuity, it’s not necessary to send money with the application, but the owner will need to enclose a completed 1035 Exchange/Transfer/Rollover form with the application. 

Please contact our Advisor Services staff before your client submits an application to ensure that all of the proper forms are completed, or if you prefer, we can partially complete the paperwork for their signature.

How long does it take to issue the new annuity with Ameritas?
Just two business days after we receive the check and completed application. It may take several weeks to process payments made by rolling over or exchanging another annuity, depending on how long it takes the other insurance company to execute the exchange or rollover.

How do I view my clients' account values?
You’ll be able to view all of your clients’ policies online once the contracts are issued and if the clients have completed the appropriate authorization form. If you have any questions, contact our 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.
Since the investment options in the annuity are not mutual funds, there are no ticker symbols to follow. However, we update investment option performance on our website every day.

Do I get an annuity statement?
Yes, automatically. 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 anytime your client invests more money in their annuity or anytime a trade is made within the annuity.

Can my client borrow from his annuity?
Instead of a loan, the owner can access part of the value of the annuity, free of charge, through partial withdrawals.

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. If the annuity is a nonqualified plan, no IRS distribution rules apply.

Can variable annuity policies be linked to a broker-dealer managed account?
You bet. The Ameritas Advisor No-Load VA is designed to fit seamlessly in to a managed account program.

 


 

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