California DInamic FoundationIndividual Noncancelable (NC) and Guaranteed Renewable (GR) Policy Provisions

For Producer use only. Not for use with clients.DI 1597CA 11-13

disclosures• In California, Disability Income insurance (forms 4501NC CA, 4502GR CA,

4502GR RES and 4503BOE) is issued by Ameritas Life Insurance Corp. located at 5900 O Street, Lincoln, NE 68510.

• This information is provided by Ameritas®, which is a marketing name for subsidiaries of Ameritas Mutual Holding Company, including, but not limited to, Ameritas Life Insurance Corp., Ameritas Life Insurance Corp. of New York and Ameritas Investment Corp., member FINRA/SIPC. Ameritas Life Insurance Corp. is not licensed in New York. Each company is solely responsible for its own financial condition and contractual obligations. For more information about Ameritas®, visit ameritas.com.

Ameritas® and the bison design are registered service marks of Ameritas Life Insurance Corp.

© 2013 Ameritas Mutual Holding Company

For Producer use only. Not for use with clients.DI 1597CA 11-13

For Producer use only. Not for use with clients.

California approval details

• Ameritas® DI is approved in California effective November 15, 2013

• Applications and sales materials will be posted to PW on or around November 15, 2013.

• DInamic Foundation illustrations for California clients/prospects are now run using the Life Designs Illustration Software

• Please note, the content for the GR RES policy is currently being updated in Life Designs. The existing content is the standard policy language and doesn’t include California specific provisions. The premium rates are correct though, so you can still run illustrations.

DI 1597CA 11-13

For Producer use only. Not for use with clients.

Ameritas® – issuing the same DI products previously offered by Union Central Life since 1966

DI 1597CA 11-13

For Producer use only. Not for use with clients.

• Noncancelable and Guaranteed Renewable (form 4501NC CA)

• Guaranteed Renewable (form 4502GR CA)

• Guaranteed Renewable RES (form 4502GR RES CA)

• Business Overhead Expense (form 4503BOE CA)

Ameritas® California product portfolio

DI 1597CA 11-13

For Producer use only. Not for use with clients.

benefit & elimination periods

Noncancelable and Guaranteed Renewable (NC) &

Guaranteed Renewable (GR) Policies

Benefit Period Elimination Period

To Age 70/67/65 90, 180, 365, 730 days

Ten Year 90, 180, 365, 730 days

Five Year 30, 60, 90, 180, 365 days

Two Year 30, 60, 90, 180 days

One Year 30, 60, 90 days

DI 1597CA 11-13

For Producer use only. Not for use with clients.

plan flexibility

Definitions of Total Disability

• Own Occupation

• Own Occupation coverage for the length of the benefit period

• Own Occupation and Not Working

• Own Occupation and Not Working for the length of the benefit period

• 5-Year Own Occupation and Not Working thereafter

• Own Occupation for five years, then Not Working for the remainder of the benefit period (Available to 3A and 3M occupational classes only)

• *GR RES policy has an any occupation and not working definition for the length of the benefit period.

DI 1597CA 11-13

For Producer use only. Not for use with clients.

basic policy provisions

• Noncancelable and Guaranteed Renewable

• 6A, 5A, 4A, 3A, 2A – Nonmedical

• 6M, 5M, 4M, 3M, 2M - Medical

• Guaranteed Renewable

• 6A, 5A, 4A, 3A, 2A, A and B - Nonmedical

• 6M, 5M, 4M, 3M, 2M and M - Medical

• Guaranteed Renewable RES

• A and B – Nonmedical

• M - Medical

• All Policies are Conditionally Renewable for Life

DI 1597CA 11-13

For Producer use only. Not for use with clients.

basic policy provisions

• Successive Periods of Total Disability

• Presumptive Total Disability

• Surgical Transplant

• Cosmetic Surgery

• Rehabilitation

DI 1597CA 11-13

For Producer use only. Not for use with clients.

basic policy provisions

• Treatment of Nondisabling Injuries – unique in industry

• Waiver of Premium

• Good Health - unique in industry

• Survivor

• COBRA Premium

DI 1597CA 11-13

For Producer use only. Not for use with clients.

additional benefit options

• Enhanced Partial Disability

• Basic Partial Disability

• Social Insurance Substitute

• Cost of Living Adjustment – 6% Compound

• Cost of Living Adjustment – 3% Simple

• Automatic Increase

• Future Increase Option

DI 1597CA 11-13

For Producer use only. Not for use with clients.

enhanced partial disability benefit

• Either Enhanced or Basic Partial is required for all NC and GR policies in California

• Premium for either benefit is included in the base premium (versus being listed as a separate rider)

• Enhanced Partial is available for nonmedical occupational classes 6A-3A

• Enhanced Partial is available for medical occupational classes 6M-3M

DI 1597CA 11-13

For Producer use only. Not for use with clients.

basic partial disability benefit

• Either Enhanced or Basic Partial is required for all NC and GR policies in California

• Premium for either benefit is included in the base premium (versus being listed as a separate rider)

• Basic Partial is available for nonmedical occupational classes 6A-2A

• Basic Partial is available for medical occupational classes 6M-3M

• Basic Partial is required for medical occupational class 2M

DI 1597CA 11-13

For Producer use only. Not for use with clients.

enhanced and basic partial disability benefits

• Insured is not totally disabled and, while working in an occupation,

• Suffers at least a 15% loss of prior monthly earnings

DI 1597CA 11-13

For Producer use only. Not for use with clients.

enhanced and basic partial disability benefit

• No days of total disability are required

• Total benefit paid with 75% loss of earnings as a result of disability (Enhanced Partial only)

• Cash or accrual accounting method

• Enhanced Partial

• 50% minimum benefit for first six months

• Basic Partial

• 50% maximum benefit for Basic Partial

DI 1597CA 11-13

For Producer use only. Not for use with clients.

enhanced and basic partial disability benefits

• Prior Monthly Earnings:

• Average monthly earnings for the last 12 or 24 months, whichever is higher

• Indexed

• Compounded

• CPI-U linked

DI 1597CA 11-13

For Producer use only. Not for use with clients.

enhanced partial disability benefit

• Recovery Benefit

• Built-in feature

• Payable if, in the month immediately following a period for which monthly disability benefits have been paid, the insured returns to his/her occupation, and

• Maintains a minimum loss of earnings of 15%; and

• A demonstrable relationship exists between the loss of monthly earning and the previous disability

• Payable up to the maximum benefit period

DI 1597CA 11-13

For Producer use only. Not for use with clients.

residual disability benefit

• Built into Guaranteed Renewable RES policy only

• Insured is not totally disabled, and while working in an occupation,

• Is unable to perform any occupation with reasonable continuity

• 50% maximum monthly benefit – payable for maximum of 12 months

DI 1597CA 11-13

For Producer use only. Not for use with clients.

cost of living adjustment rider – 6% compounded

• Available to nonmedical occupational classes 6A-2A

• Available to medical occupational classes 6M-2M

DI 1597CA 11-13

For Producer use only. Not for use with clients.

cost of living adjustment rider – 6% compounded

• CPI-U linked

• Minimum of 1%; up to 6% compounded

• Right to purchase increases

• “Catch up” feature

DI 1597CA 11-13

For Producer use only. Not for use with clients.

cost of living adjustment rider – 3% simple

• Available to nonmedical occupational classes 6A-2A

• Available to medical occupational classes 6M-2M

DI 1597CA 11-13

For Producer use only. Not for use with clients.

cost of living adjustment rider – 3% simple

• Provides 3% simple interest increase in monthly benefit after first 12 months of disability

• Flat 3% increase, even if CPI-U is below 3%

• No “catch up” feature

DI 1597CA 11-13

For Producer use only. Not for use with clients.

social insurance substitute rider

• Available to nonmedical occupational classes 6A-B

• Available to medical occupational classes 6M-M

DI 1597CA 11-13

For Producer use only. Not for use with clients.

social insurance substitute rider

• Pays an additional disability benefit each month if the insured:

• Is totally disabled; and is

• Receiving limited or no Social Insurance Benefits

• Definition of this rider follows that of the base policy

DI 1597CA 11-13

For Producer use only. Not for use with clients.

social insurance substitute rider

Dollar-for-dollar offset * **

B

AS

E

& S

ISR

$2,000 $750

SS Payment None $1,250 $2,000

$3,000 $3,000 $3,000

*Requires 365-day elimination period in California

**SISR definition of total disability is the

same as the base monthly benefit

DI 1597CA 11-13

For Producer use only. Not for use with clients.

automatic increase rider

• Available to nonmedical occupational classes 6A-2A

• Available to medical occupational classes 6M-2M

DI 1597CA 11-13

For Producer use only. Not for use with clients.

automatic increase rider

• No cost to add to policy at issue

• 4% simple annual increase (rounded up to next $10) for 5 years

• No financial or medical evidence required to exercise

• Additional 5-year benefit option available with only financial underwriting

• Minimum base benefit of $1,000 required

• One refusal will forfeit remaining options during any five-year period and will forfeit the insured’s right to reapply for a new five-year option period

DI 1597CA 11-13

For Producer use only. Not for use with clients.

future increase option rider

• Available to nonmedical occupational classes 6A-2A

• Available to medical occupational classes 6M-2M

DI 1597CA 11-13

For Producer use only. Not for use with clients.

future increase option rider

• Available up to issue age 50

• No medical evidence of insurability required when exercising increases (only financial)

• Within first three years after policy issue, a client may, on any one policy anniversary, exercise the full amount. Thereafter, 50% of base benefit, each policy anniversary, up to age 55

• Amount available at issue = 3 x base benefit, not to exceed Maximum I&P Limits

• Guarantees rates, occupational classification and language of the original policy

• We also allow off-anniversary exercise of the FIO if insured has ‘significant’ changes in his/her financial situation

DI 1597CA 11-13

For Producer use only. Not for use with clients.

exclusions and limitations

• All individual DI policies

• Noncancelable and Guaranteed Renewable

• Guaranteed Renewable

DI 1597CA 11-13

For Producer use only. Not for use with clients.

exclusions and limitations

• Incarceration

• War or act of war, declared or undeclared

• Suspension of your professional license

• Undisclosed pre-existing conditions

• 12-month foreign residency limit

• Intentional self-inflicted injury

DI 1597CA 11-13

For Producer use only. Not for use with clients.

mental/nervous disorders and substance abuse limitations*

• Fully underwritten individual DI

• NC Policies

• Nonmedical Occupational Classes 6A-4A

• 5-Year Limitation for life of policy

• Nonmedical Occupational Class 3A-2A

• 2-Year Limitation for life of policy

• Medical Occupational Classes 6M-2M

• 2-Year Limitation for life of policy

• GR Policies

• 2-Year Limitation for life of policy on ALL GR policies

DI 1597CA 11-13

For Producer use only. Not for use with clients.

competitive premium features

• 25% Tobacco Differential

• 10% - 15% Multi-Life Discounts

• 10% from sex-distinct for 2-4 approved lives

• If group reaches 5+ lives, discount will go to 15%, rates remain sex-distinct

• 15% from unisex for 5+ approved lives

• If group decreases below 5 lives, 15% discount and unisex rates will remain

• 15% - 30% GSI Program Discounts

• 15% Association Discount

• 5% Double Annual Premium Discount

• Unisex and Sex-Distinct Rates

DI 1597CA 11-13

For Producer use only. Not for use with clients.

business owner upgrade*

• Enhanced program!

• Available for business owners:

• Doing no more than 25% manual duties;

• At least 25% ownership of stable business for last two years; and

• At least three full-time, year-round employees (other than immediate family members)

*All upgrades must be approved by underwriting.

DI 1597CA 11-13

For Producer use only. Not for use with clients.

business owner upgrade

• One-Class Upgrade Available if:

• The original occupational class is 3A, 2A or A for individual DI or 2A for Business Overhead Expense (BOE)

DI 1597CA 11-13

For Producer use only. Not for use with clients.

additional benefits for business owners

• Up to an additional 25% of the base monthly benefit being applied for (base and SISR)

• Occupational classes 6A, 5A, 4A, 3A or 2A and

• Minimum 25% ownership in stable business for last two years

• $1,000 maximum additional monthly benefit

• Subject to Maximum Issue and Participation Limits

DI 1597CA 11-13

For Producer use only. Not for use with clients.

questions?

DI 1597CA 11-13

key contacts

• Your agency or brokerage manager

• Your Ameritas® sales development team

• Your GSI regional director

• The DI product management team

For Producer use only. Not for use with clients.DI 1597CA 11-13