Ameritas Life Insurance Company Customer FAQ

Ameritas Life Insurance Company offers a variety of life insurance plans that cater to different needs and financial goals. Their main Term life insurance provides coverage for a specified period, typically ranging from ten to thirty years. This option is often more affordable and is suitable for individuals who need temporary coverage to protect their income, pay off debts, or ensure financial stability for dependents during critical years. Whole life insurance offers lifelong coverage with a guaranteed death benefit, along with a cash value component that accumulates over time. This plan is designed for individuals seeking a long-term insurance option that can also serve as an investment vehicle. Universal life insurance is a flexible option that combines life coverage with an investment savings element. Policyholders can adjust their premium payments and the death benefit amount, based on their changing financial circumstances. For more detailed information on the specific features, benefits, and costs associated with these plans, it is advisable to visit Ameritas Life Insurance Company's official website or look for the current contact information available there....

Term life insurance and permanent life insurance are two distinct types of life insurance, each with its own characteristics and benefits. Term life insurance provides coverage for a specified period, typically ranging from ten to thirty years. It pays a death benefit to the beneficiaries if the insured individual passes away within this term. If the term expires and the insured is still alive, the policy does not have any cash value and simply terminates. Term insurance is often more affordable, making it an attractive choice for individuals seeking temporary coverage, such as for a mortgage or the duration of raising children. It allows policyholders to secure a substantial death benefit for a lower premium during their working years when financial responsibilities may be higher. On the other hand, permanent life insurance offers coverage for the entire life of the insured, as long as premiums are paid. This type of insurance accumulates cash value over time, which can be borrowed against or withdrawn if needed. There are several types of permanent life insurance, including whole life, universal life, and variable life, each with different features and flexibility regarding premium payments and death benefits. Permanent insurance is typically more expensive than term insurance due to its lifelong coverage and the cash value component. In summary, the primary difference between term and permanent life insurance lies in the duration of coverage and the potential for cash value accumulation. Term life insurance is suitable for temporary needs, whereas permanent life insurance is designed for lifelong protection with additional long-term financial benefits. For specific products and options offered by Ameritas Life Insurance Company, it may be helpful to consult their current web page for detailed information....

Many term life insurance policies, including those offered by Ameritas Life Insurance Company, come with a conversion option that allows...

Ameritas Life Insurance Company does provide various riders and additional coverage options that can enhance their life insurance policies. Additionally, Ameritas may offer child term riders, which provide coverage for the policyholder's children, and accidental death benefit riders, which pay an additional benefit in the event of a death resulting from an accident. There may be variations in the availability and terms of these riders depending on the individual life insurance product selected. For the most accurate and updated information regarding specific riders, coverage options, and their pricing, it may be beneficial to refer to Ameritas' current web page or contact an insurance professional who can assist with policy customization and details....

Ameritas Life Insurance Company does offer group life insurance plans as part of their suite of employee benefits products. Group life Ameritas typically provides various options within their group life insurance offerings, including basic and supplemental coverage. Employers can often customize these plans to fit their specific needs, and they may include features such as portability, meaning that employees can take their coverage with them if they leave the company. Such flexibility allows businesses to tailor their insurance plans to meet the diverse needs of their workforce. For those interested in learning more about the specific features, eligibility, and costs associated with Ameritas group life insurance plans, it is advisable to visit the official Ameritas website. There, one can find detailed information and contact details for further inquiries....

Ameritas Life Insurance Company offers various types of life insurance policies, including term life, whole life, and universal life...

If an individual misses a premium payment for their life insurance policy with Ameritas Life Insurance Company, several important factors If the payment is not made within the grace period, the policy may enter a lapsed status. A lapsed policy means that the coverage is no longer active, and the policyholder is not covered in the event of a claim. However, Ameritas might offer options for reinstating the policy, which usually involves paying the missed premiums along with any applicable interest. It is also important for the policyholder to check if their policy has any cash value, as this might be used to cover premiums temporarily. To understand the specific implications and options available for a missed payment, it is advisable to review the policy documents or consult the company’s resources. For any clarification regarding individual circumstances, visiting the current Ameritas website may provide additional information and contact details....

Yes, it is possible to borrow money against the cash value of a permanent life insurance policy issued by Ameritas Life Insurance Company. However, it is important for policyholders to understand that any amount borrowed will accrue interest and will reduce the death benefit if it is not repaid. If the loan and interest are not repaid, it could potentially lead to the termination of the policy. For more details, including any specific terms or conditions, it is advisable to refer to the policy documentation or contact a representative from Ameritas Life Insurance Company for the most accurate information. The current web page may also provide helpful resources regarding this topic....

The time it takes for a life insurance policy to be issued by Ameritas can vary based on several factors, including the type of policy,...

Yes, a policyholder can cancel their life insurance policy with Ameritas. To initiate the cancellation process, it is typically necessary Policyholders should also take the time to understand any implications that canceling their policy may have, such as losing coverage or benefits. For exact procedures and specific questions related to the cancellation process, policyholders might visit the Ameritas website for current information regarding contact methods. This will ensure that they receive accurate and comprehensive guidance tailored to their individual situation....

When an individual moves to a different state, the life insurance policy typically remains in effect. However, there are important It is advisable to review the policy details and check if the new state requires you to notify the insurance company about your change of address. While most life insurance companies, including Ameritas Life Insurance Company, allow policyholders to continue their coverage after a move, it is wise to ensure that the policy still meets their needs in the new location. For specific details regarding how a move might impact your particular policy, it is a good idea to explore the current web page for more information on any required actions or pertinent regulations associated with relocating....

Yes, it is generally possible to switch your beneficiary after purchasing a policy with Ameritas Life Insurance Company. Policyholders...

Ameritas Life Insurance Company may require health assessments for certain insurance policies, particularly those that involve higher...

The claims process for life insurance policies, including those offered by Ameritas Life Insurance Company, generally involves several Once the required documents are collected, the beneficiaries should reach out to Ameritas to initiate the claims process. While I do not recommend contacting Ameritas Life Insurance Company directly, information on how to do so can often be found on their current web page. It is important for beneficiaries to provide accurate and complete information to facilitate a smooth claims experience. After the claim has been submitted, Ameritas will review the provided information to verify the policy details and confirm coverage. This review may include checking if the policy was active and evaluating whether the cause of death falls within the terms of the policy. The length of this review process can vary depending on the specifics of the claim, but Ameritas endeavors to process claims efficiently and in a timely manner. Following the review, if the claim is approved, the beneficiaries will receive the death benefit payout according to the policy terms. If there are any issues or if further information is required, Ameritas will communicate with the beneficiaries regarding what is needed to resolve any outstanding matters. It is essential for beneficiaries to understand their rights and any obligations they may have during this process. Knowing the necessary steps and being organized can ease the burden during an already challenging time....

If a policyholder moves out of the country, the implications for their Ameritas Life Insurance policy depend on various factors, including Certain policies may have geographical limitations or could require the policyholder to inform Ameritas of their relocation to ensure continued coverage. Additionally, there may be tax implications or legal considerations depending on the country of residence. It is advisable that policyholders verify their coverage details and assess whether this may affect premiums or policy benefits. For the most accurate information pertinent to individual circumstances, it is best to refer to the policy documents or visit the official Ameritas website, where you can find relevant contact information for inquiries regarding specific situations....