Securities Act Registration No.  333-233986

Investment Act Registration No.  811-04473

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-6

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933	[X]
Pre-Effective Amendment No.	[   ]
Post-Effective Amendment No. 5	[X]
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940	[   ]
Amendment No. 77	[X]
AMERITAS VARIABLE SEPARATE ACCOUNT V
Registrant
AMERITAS LIFE INSURANCE CORP.
Depositor
5900 O Street
Lincoln, Nebraska 68510
402-467-1122

MORGAN B.S. LORENZEN

Second Vice President, Assistant General Counsel

Ameritas Life Insurance Corp.

5900 O Street

Lincoln, Nebraska 68510

402-467-1122

Approximate Date of Proposed Public Offering: As soon as practicable after effective date.

It is proposed that this filing will become effective:

[    ]    immediately upon filing pursuant to paragraph (b)

[    ]    on  pursuant to paragraph (b)

[X]    60 days  after filing pursuant to paragraph (a)(1)

[   ]    on ______ pursuant to paragraph (a)(1) of Rule 485 under the Securities Act.

If appropriate, check the following box:

[X]    This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

EXPLANATORY NOTE

This Post-Effective Amendment No. 5 to the Registration Statement on Form N-6, File No. 333-233986, Ameritas Variable Separate Account V is being filed pursuant to paragraph (b)(1)(iii) of Rule 485 under the Securities Act of 1933, as amended (the "1933 Act") for the sole purpose of delaying, until May 1, 2022, the effectiveness of Post-Effective Amendment No. 3, which was filed on September 17, 2021 (accession no. 0000783402-21-000050) pursuant to paragraph (a)(1) of Rule 485 under the 1933 Act. On November 1, 2021, we received SEC comments and filed a correspondence letter on November 12, 2021, to address those Staff comments. We filed a 485 “BXT” as Post-Effective Amendment No. 4 on November 15, 2021. We will make a filing pursuant to Rule 485 at a future date that incorporates our responses to the comments and any required missing information or items. The Prospectus, Statement of Additional Information and Part C that were filed as part of Post-Effective Amendment No. 3 are hereby incorporated by reference. Other than as set forth herein, this Post-Effective Amendment does not amend or delete any other part of this Registration Statement.

SIGNATURES

As required by the Securities Act of 1933, and the Investment Company Act of 1940, the Registrant, Ameritas Variable Separate Account V, has caused this Post-Effective Amendment No. 5 to Registration Statement No. 333-233986 to be signed on its behalf by the undersigned, duly authorized, in the City of Lincoln, County of Lancaster, State of Nebraska on this 12^th of January, 2022.

AMERITAS VARIABLE SEPARATE ACCOUNT V, Registrant

By: /s/                  William W. Lester *

Director, Chair, President & Chief Executive Officer

Ameritas Life Insurance Corp.

AMERITAS LIFE INSURANCE CORP., Depositor

By: /s/                  William W. Lester *

Director, Chair, President & Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities indicated on January 12, 2022.

SIGNATURE	TITLE
William W. Lester *	Director, Chair, President & Chief Executive Officer
James P. Abel *	Director
John S. Dinsdale *	Director
Ann M. Frohman *	Director
Thomas W. Knapp *	Director
James R. Krieger *	Director
Patricia A. McGuire *	Director
Tonn M. Ostergard *	Director
Kim M. Robak *	Director
Paul C. Schorr, IV *	Director
Bryan E. Slone *	Director
Oris R. Stuart, III *	Director
Rohit Verma *	Director
Ryan C. Beasley *	Executive Vice President, Individual
Susan K. Wilkinson *	Executive Vice President, Chief Financial Officer & Treasurer
Laura A. Fender *	Senior Vice President, Controller
Christine M. Neighbors *	Senior Vice President, General Counsel & Corporate Secretary

/s/ Morgan B.S. Lorenzen
Morgan B.S. Lorenzen	Second Vice President, Assistant General Counsel

* Signed by Morgan B.S. Lorenzen under Powers of Attorney executed effective as of December 26, 2021.