Ameritas Life Insurance: Is It Worth The Hype?

Ameritas is a life insurance company that offers a wide range of policies, including term life, whole life, universal, variable universal, and indexed universal life insurance. The company was founded over 130 years ago and is known for its financial strength and stability. Ameritas has received positive reviews for its diverse range of policies and low number of customer complaints. However, some customers have reported issues with policy cancellations and difficulty reaching customer support. Overall, Ameritas appears to be a reputable and stable company, but as with any insurance provider, it is essential to carefully review the terms and conditions of your policy to ensure it meets your needs.

Ameritas offers a range of term, whole, universal, variable universal, and indexed universal life insurance policies

Term life insurance from Ameritas offers protection for a set number of years and is the most affordable type of life insurance. Their term policies include Ameritas Value Plus Term, which is available for 1-, 10-, 15-, 20-, or 30-year terms and starts at $100,000 in coverage. They also offer FLX Term, which doesn't require a medical exam for coverage amounts of $300,000 or less, and Instant Term, which provides a decision within minutes of applying.

Whole life insurance is a type of permanent life insurance that provides lifetime protection and is known for its guarantees. Ameritas offers several whole life insurance options, including Access Whole Life, which allows premium payments until age 75 or for 25 years, whichever comes first, and Growth Whole Life, which has premiums payable until age 100.

Universal life insurance is another form of permanent life insurance that offers flexible premiums. Policyholders can adjust their premium or coverage amount with Ameritas' Value Plus UL policy.

Variable universal life insurance allows policyholders to invest the cash value in options of their choice. Ameritas offers two policies: Performance II VUL and Advisor ClearEdge II VUL.

Indexed universal life insurance policies from Ameritas offer protection and tie cash value growth to the performance of a market index. They offer four policies, including Value Plus Survivor IUL, which covers two people and pays out when the second person dies.

Overall, Ameritas provides a diverse range of life insurance policies with various benefits, giving customers several options to choose from based on their specific needs.

The company has a good financial strength rating, indicating its ability to pay future claims

Ameritas has a good financial strength rating, which indicates its ability to pay future claims. The company has been in business for over 130 years and is financially stable. It has received an A (Excellent) rating from AM Best, which is the third-highest rating given by the agency. This rating indicates that Ameritas is in an excellent position to meet its ongoing insurance obligations.

Ameritas also has a low number of customer complaints compared to similarly-sized companies. According to the National Association of Insurance Commissioners' complaint index, Ameritas had a three-year average score of 0.397, which is very low compared to similar companies.

In addition to its financial strength, Ameritas offers a diverse range of policies, including term, whole life, universal, variable universal, and indexed universal life insurance. The company also provides a long list of life insurance riders, such as the waiver of premium, accidental death benefit, and accelerated death benefit.

Overall, Ameritas' financial strength and stability empower the company to make good decisions and give customers confidence in their important relationship. The company is committed to maintaining its strong financial position to back each customer's investment in the future.

Ameritas has a low number of customer complaints compared to other companies of its size

Ameritas is a life insurance company that has been in business for over 130 years. It offers a wide range of insurance policies, including term life, whole life, universal, variable universal, and indexed universal life insurance. The company also provides additional riders, such as accelerated and accidental death benefits, at no extra upfront cost.

Ameritas has received a low number of customer complaints compared to other companies of its size. According to the National Association of Insurance Commissioners' complaint index, Ameritas has a three-year average score of 0.397, which is below the expected number of complaints for a company of its size. This indicates that the company receives a very low number of complaints relative to similar companies.

Ameritas's low number of customer complaints can be attributed to its focus on financial strength and stability. The company is committed to making smart, long-term decisions that benefit its customers, and this is reflected in its strong financial ratings. Ameritas has received an A (Excellent) rating from AM Best, indicating its excellent ability to meet ongoing insurance obligations.

In addition to its financial stability, Ameritas offers a diverse range of policies and riders, making it a good option for those seeking life insurance. However, it is important to note that some customers have reported issues with policy cancellations and difficulties contacting customer support.

The company offers a variety of life insurance riders, including accidental death benefit and accelerated death benefit

Ameritas offers a wide range of life insurance riders, including accidental death benefit and accelerated death benefit. These riders provide additional benefits and coverage options to the standard insurance policy.

The accidental death benefit rider offers an additional benefit on top of the standard death benefit if the insured dies due to an accident. This rider ensures that your family receives enhanced financial protection in the unfortunate event of an accidental death.

The accelerated death benefit rider, also known as the Care4Life rider, allows policyholders to access a portion of their policy's death benefit while they are still alive. This rider is especially useful if you are diagnosed with a critical, chronic, or terminal illness. There are three types of accelerated death benefit riders offered by Ameritas:

• Chronic Illness Rider: Policyholders can access 50% of the death benefit up to $1 million if they are diagnosed with a chronic illness that interferes with their daily living activities.
• Critical Illness Rider: The policyholder can receive 25% of the death benefit up to $250,000 if diagnosed with certain life-threatening illnesses.
• Terminal Illness Rider: If the policyholder is diagnosed with a terminal illness that will likely result in death within 12 months, they can access 75% of the death benefit up to $1 million.

These life insurance riders provide flexibility and peace of mind, knowing that you have options to access funds if faced with unexpected health challenges. They can help cover medical expenses, supplement lost income, or provide financial support for your family.

In addition to the accidental death and accelerated death benefit riders, Ameritas also offers other riders such as the waiver of premium rider, which pauses your premiums if you become disabled, and the guaranteed insurability rider, which allows you to increase or expand your coverage without a medical exam.

While Ameritas has a variety of life insurance riders available, it's important to carefully review the specific terms, conditions, and eligibility requirements for each rider, as they may vary by policy and state.

Ameritas does not offer an online application process for its life insurance policies

Ameritas is a life insurance company that offers a range of policies, including term life, whole life, universal, variable universal, and indexed universal life insurance. The company has a solid financial foundation and is known for its stability. It has been in business for over 130 years and serves millions of customers.

While Ameritas offers a diverse range of policies and has a strong financial standing, there is one notable drawback: the company does not offer an online application process for its life insurance policies. Potential customers cannot apply for coverage online and must instead work with a financial professional to purchase a policy. This means that the process of acquiring life insurance through Ameritas may be more time-consuming and less convenient when compared to companies that offer complete online application processes.

The absence of an online application process means that customers must take several additional steps to obtain life insurance from Ameritas. Firstly, they must fill out a form on the Ameritas website with their zip code and contact details. The company will then connect them with a financial professional who can assist with the application process. This typically involves completing a life insurance application, which includes questions about the applicant's health and lifestyle. A physical exam may also be required, involving the recording of height, weight, blood pressure, and the taking of blood and urine samples.

The application process with Ameritas may be more comprehensive than some of its competitors, but it does provide customers with the opportunity to work closely with a financial professional. This can be beneficial for those who are unsure about the type of coverage they need or who have specific questions or concerns about their policy. Working with a financial professional can also help ensure that all necessary information is provided, reducing the risk of future issues with the policy.

While Ameritas does not offer an online application process, the company does provide potential customers with the ability to get a quick term life insurance quote on their website. By entering some basic information, such as birth date, gender, and tobacco use, customers can get an estimate of the potential cost of coverage. However, to finalize the purchase, customers will still need to connect with a financial professional and complete the full application process.

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