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Ameritas Life Insurance Corp.

("Ameritas Life")

 

Ameritas Variable Separate Account VA-2

("Separate Account")

 

Supplement to:

 

Direction Variable Annuity

Prospectus Dated May 1, 2018

 

Supplement Dated May 22, 2018

 

Effective May 1, 2018, the following information replaces the existing disclosure in the Portfolio Company Operating Expenses table in your Policy prospectus for the respective portfolio:

 

Subaccount’s underlying
Portfolio Name *
Management
Fees
12b-1
Fees**
Other
Fees
Acquired
Fund Fees
and
Expenses***
Total
Portfolio Fees
Waivers
and
Reductions
****
Total Expenses
after Waivers
and Reductions,
 if any
FTVIPT, Class 2
Franklin Mutual Global Discovery VIP 0.88 % 0.25 % 0.07 % 0.01 % 1.21 % -     1.21 % (1) (2)
                                   

 

FTVIPT (1)  Management fees in the table above have been restated to reflect a reduction in the management fee of the Fund effective on May 1, 2018.  Consequently, the total annual Fund operating expenses differ from the ratio of expenses to average net assets shown in the Financial Highlights due to a different management fee rate paid in the Fund's most recent fiscal year. If the management fees had not been restated, management fees would have been 0.94% and the Total Expenses after Waivers and Reductions, if any would have been 1.27%.  
FTVIPT (2)  Total Expenses after Waivers and Reductions differ from the ratio of expenses to average net assets shown in the Financial Highlights, which reflect the operating expenses of the Fund and do not include acquired fund fees and expenses.  
* Short cites are used in this list.  The INVESTMENT OPTIONS section uses complete portfolio names.
** Portfolios pay 12b-1 fees to us pursuant to Rule 12b-1 under the Investment Company Act of 1940, which allows investment companies to pay fees out of portfolio assets to those who sell and distribute portfolio shares.  Some portfolios may also pay 0.05 to 0.25 percent of annual portfolio assets for us to provide shareholder support and marketing services.
*** Some portfolios invest in other investment companies (the "acquired portfolios").  In these instances, portfolio shareholders indirectly bear the fees and expenses of the acquired portfolios.
**** Only contractual waivers guaranteed for one year or more after the effective date of each respective fund prospectus are used in the Waivers column of this chart.  See the respective portfolio footnotes above for specific details regarding any possible recoupment of waived fees.  
     

 

 

All other provisions remain as stated in your Policy and prospectus.

 

Please retain this Supplement with the current prospectus for your variable Policy with

Ameritas Life Insurance Corp.

 

If you do not have a current prospectus, please contact Ameritas Life at 800-745-1112.

 

 

 

 

 

 

 

 

IN 2231 5-18