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    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0000783402</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <investmentCompanyType>N-6</investmentCompanyType>
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      <reportClass>
        <rptIncludeAllClassesFlag>true</rptIncludeAllClassesFlag>
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    <generalInfo reportEndingPeriod="2018-12-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>AMERITAS VARIABLE SEPARATE ACCOUNT V</registrantFullName>
      <investmentCompFileNo>811-04473</investmentCompFileNo>
      <registrantCik>0000783402</registrantCik>
      <registrantLei>54930006DM93NTSDG559</registrantLei>
      <registrantstreet1>5900 O STREET</registrantstreet1>
      <registrantcity>LINCOLN</registrantcity>
      <registrantzipCode>68510-2234</registrantzipCode>
      <registrantstate>US-NE</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>402-467-1122</registrantphoneNumber>
      <websites>
        <website webpage="ameritas.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Ameritas Life Insurance Corp.</officeName>
          <officeAddress1>5900 O Street</officeAddress1>
          <officeCity>Lincoln</officeCity>
          <officeStateCountry officeState="US-NE" officeCountry="US"/>
          <officeRecordsZipCode>68510-2234</officeRecordsZipCode>
          <officePhone>402-467-1122</officePhone>
          <booksRecordsDesc>The books, records and other documents required to be maintained by Section 31(a) of the 1940 Act and Rules 31a-1 to 31a-3 thereunder.</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>Y</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="Ameritas Life Insurance Corp."/>
      <registrantClassificationType>N-6</registrantClassificationType>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Scott Raymond Farmen</ccoName>
          <crdNumber>005046977</crdNumber>
          <ccoStreet1>5900 O Street</ccoStreet1>
          <ccoCity>Lincoln</ccoCity>
          <ccoStateCountry ccoState="US-NE" ccoCountry="US"/>
          <ccoZipCode>68510-2234</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <isExemptionFromAct>N</isExemptionFromAct>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>Ameritas Investment Corp.</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-31296</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000014869</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>549300913B54XKSRM258</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterState="US-NE" principalUnderWriterCountry="US"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>Deloitte &amp; Touche LLP</publicAccountantName>
          <pcaobNumber>34</pcaobNumber>
          <publicAccountantLei>N/A</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantState="US-NE" publicAccountantCountry="US"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
    </registrantInfo>
    <unitInvestmentTrust>
      <depositors>
        <depositor>
          <depositorName>Ameritas Life Insurance Corp.</depositorName>
          <depositorCrdNo>N/A</depositorCrdNo>
          <depositorLei>54930006DM93NTSDG559</depositorLei>
          <depositorStateCountry depositorState="US-NE" depositorCountry="US"/>
          <depositorUltimateParentname>Ameritas Mutual Holding Company</depositorUltimateParentname>
        </depositor>
      </depositors>
      <uitAdmins>
        <uitAdmin>
          <uitAdminName>Ameritas Life Insurance Corp.</uitAdminName>
          <uitAdminLei>54930006DM93NTSDG559</uitAdminLei>
          <uitAdminStateCountry uitAdminState="US-NE" uitAdminCountry="US"/>
          <isUitAdminAffiliated>Y</isUitAdminAffiliated>
          <isUitAdminSubAdmin>N</isUitAdminSubAdmin>
        </uitAdmin>
      </uitAdmins>
      <isUitAdminHiredTerminated>N</isUitAdminHiredTerminated>
      <registrantSeparateInsuranceAccount isRegistrantSeparateInsuranceAccount="Y" separateAccountSeriesId="S000011620"/>
      <numOfContracts>20397</numOfContracts>
      <contractSecurities>
        <contractSecurity separateAccountSecurityName="Overture Life SPVUL" separateAccountContractId="C000050464" separateAccountTotalAsset="11104791.75" numContractsSold="0" grossPremiumReceived="0.00" grossPremiumReceivedSection1035="0.00" numContractsAffected="0" contractValueRedeemed="75000.00" contractValueRedeemedSection1035="0.00" numContractsAffectedRedeemed="0"/>
        <contractSecurity separateAccountSecurityName="UniVar" separateAccountContractId="C000050463" separateAccountTotalAsset="37983.15" numContractsSold="0" grossPremiumReceived="600.00" grossPremiumReceivedSection1035="0.00" numContractsAffected="0" contractValueRedeemed="0.00" contractValueRedeemedSection1035="0.00" numContractsAffectedRedeemed="0"/>
        <contractSecurity separateAccountSecurityName="Overture Applause!" separateAccountContractId="C000050465" separateAccountTotalAsset="107495162.87" numContractsSold="0" grossPremiumReceived="4444941.01" grossPremiumReceivedSection1035="0.00" numContractsAffected="0" contractValueRedeemed="6543953.11" contractValueRedeemedSection1035="2727268.43" numContractsAffectedRedeemed="57"/>
        <contractSecurity separateAccountSecurityName="Overture Applause!  II" separateAccountContractId="C000050466" separateAccountTotalAsset="77734756.98" numContractsSold="0" grossPremiumReceived="4444493.04" grossPremiumReceivedSection1035="0.00" numContractsAffected="0" contractValueRedeemed="4738987.71" contractValueRedeemedSection1035="1921817.38" numContractsAffectedRedeemed="63"/>
        <contractSecurity separateAccountSecurityName="Overture Encore!" separateAccountContractId="C000050467" separateAccountTotalAsset="34260507.62" numContractsSold="0" grossPremiumReceived="1843202.53" grossPremiumReceivedSection1035="0.00" numContractsAffected="0" contractValueRedeemed="2393652.56" contractValueRedeemedSection1035="854056.46" numContractsAffectedRedeemed="8"/>
        <contractSecurity separateAccountSecurityName="Overture Bravo!" separateAccountContractId="C000050468" separateAccountTotalAsset="12280737.09" numContractsSold="0" grossPremiumReceived="674769.12" grossPremiumReceivedSection1035="0.00" numContractsAffected="0" contractValueRedeemed="244144.53" contractValueRedeemedSection1035="136696.42" numContractsAffectedRedeemed="2"/>
        <contractSecurity separateAccountSecurityName="Corporate Benefit VUL" separateAccountContractId="C000050470" separateAccountTotalAsset="1591004.14" numContractsSold="0" grossPremiumReceived="37507.96" grossPremiumReceivedSection1035="0.00" numContractsAffected="0" contractValueRedeemed="0.00" contractValueRedeemedSection1035="0.00" numContractsAffectedRedeemed="0"/>
        <contractSecurity separateAccountSecurityName="Overture Ovation!" separateAccountContractId="C000050473" separateAccountTotalAsset="158101749.05" numContractsSold="0" grossPremiumReceived="12309403.55" grossPremiumReceivedSection1035="0.00" numContractsAffected="0" contractValueRedeemed="8965915.76" contractValueRedeemedSection1035="2683755.06" numContractsAffectedRedeemed="82"/>
        <contractSecurity separateAccountSecurityName="Overture Viva!" separateAccountContractId="C000050469" separateAccountTotalAsset="2495493.47" numContractsSold="0" grossPremiumReceived="190367.50" grossPremiumReceivedSection1035="0.00" numContractsAffected="0" contractValueRedeemed="101392.14" contractValueRedeemedSection1035="22799.92" numContractsAffectedRedeemed="1"/>
        <contractSecurity separateAccountSecurityName="Protector hVUL" separateAccountContractId="C000050476" separateAccountTotalAsset="7750257.30" numContractsSold="0" grossPremiumReceived="798877.07" grossPremiumReceivedSection1035="0.00" numContractsAffected="0" contractValueRedeemed="137421.66" contractValueRedeemedSection1035="0.00" numContractsAffectedRedeemed="0"/>
        <contractSecurity separateAccountSecurityName="Excel Performance VUL" separateAccountContractId="C000068218" separateAccountTotalAsset="56219515.59" numContractsSold="121" grossPremiumReceived="9532886.64" grossPremiumReceivedSection1035="60227.70" numContractsAffected="5" contractValueRedeemed="5215334.52" contractValueRedeemedSection1035="2809585.52" numContractsAffectedRedeemed="28"/>
      </contractSecurities>
      <isRule6C7Reliance>N</isRule6C7Reliance>
      <isRule11A2Reliance>N</isRule11A2Reliance>
    </unitInvestmentTrust>
    <signature registrantSignedName="Ameritas Variable Separate Account V" signedDate="2019-03-13" signature="/s/ Susan K Wilkinson" title="Executive Vice President, Chief Financial Officer &amp; Treasurer Ameritas Life Insurance Corp. (Depositor)"/>
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</edgarSubmission>
