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Ameritas Life Insurance Corp.

("Ameritas Life")

 

Ameritas Variable Separate Account VA-2

 

Direction Variable Annuity

Prospectus Dated May 1, 2019

 

Supplement Dated October 17, 2019

 

 

Effective October 1, 2019, 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
DWS VS II, Class B
Alternative Asset Allocation VIP 0.10 % 0.25 % 0.27 % 0.69 % 1.31 % 0.16 % 1.15 % (1) (2)
                                 

 

DWS (1)  "Other fees" is restated to reflect the fund's new management fee rate effective October 1, 2019.
DWS (2)  The Advisor has contractually agreed to waive its fees and/or reimburse fund expenses through September 30, 2020 to the extent necessary to maintain the fund's total annual operating expenses (excluding certain expenses such as extraordinary expenses, taxes, brokerage and interest expenses) at 1.15% for Class B shares. The agreement may only be terminated with the consent of the fund's Board.  Because acquired fund fees and expenses are presented as of the fund's most recent fiscal year end, individual shareholders may experience total operating expenses higher or lower than this expense cap depending upon when shares are redeemed and the fund's actual allocations to acquired funds.
* 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, as previously supplemented.

 

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 2375 10-19