Ameritas Life Insurance Review
Life insurance is an excellent investment for your beneficiaries in the event of your passing. Given the competitive rates and array of options it offers, Ameritas is a leading life insurance carrier in the U.S.
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By Mark Fitzpatrick
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Head of Insurance, MoneyGeek
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including [CNBC](https://www.cnbc.com/2020/04/15/cant-keep-up-with-insurance-premiums-heres-what-to-do.html), [NBC News](https://www.nbcnews.com/business/autos/flooded-cars-are-problem-their-owners-future-car-buyers-n1278493) and [Mashable](https://mashable.com/article/tesla-insurance-rates). Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
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Edited by Kathryn Schroeder
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Kathryn has always loved a good book, but from a very young age, she was constantly distracted by their oh-so-common typos. Enter her commitment to publishing error-free and engaging content, whether related to healthcare, personal finance, SaaS, the arts, travel, or the latest world news. She’s covered those verticals and more in her 15+ year career as an editor and writer for a variety of major publications and companies. Kathryn holds a Bachelor of Arts in Film and Media Studies with a concentration in theory, and a minor in Women’s Studies, from the University of California, Irvine. She spent nearly a decade traveling the world, writing and editing along the way. With her passport on hiatus, you can find her obsessing over dinosaurs at museums, rewatching the best science fiction movies, or reading maps and geeking out on geography and off-the-beaten-path destinations.
MF
By Mark Fitzpatrick
MF
Head of Insurance, MoneyGeek
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including [CNBC](https://www.cnbc.com/2020/04/15/cant-keep-up-with-insurance-premiums-heres-what-to-do.html), [NBC News](https://www.nbcnews.com/business/autos/flooded-cars-are-problem-their-owners-future-car-buyers-n1278493) and [Mashable](https://mashable.com/article/tesla-insurance-rates). Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
KS
Edited by Kathryn Schroeder
KS
Kathryn has always loved a good book, but from a very young age, she was constantly distracted by their oh-so-common typos. Enter her commitment to publishing error-free and engaging content, whether related to healthcare, personal finance, SaaS, the arts, travel, or the latest world news. She’s covered those verticals and more in her 15+ year career as an editor and writer for a variety of major publications and companies. Kathryn holds a Bachelor of Arts in Film and Media Studies with a concentration in theory, and a minor in Women’s Studies, from the University of California, Irvine. She spent nearly a decade traveling the world, writing and editing along the way. With her passport on hiatus, you can find her obsessing over dinosaurs at museums, rewatching the best science fiction movies, or reading maps and geeking out on geography and off-the-beaten-path destinations.
Updated: August 20, 2024
Advertising & Editorial Disclosure
Ameritas is a good insurer for most buyers as it offers most of the basic types of life insurance policies, including term life, whole life and universal — indexed and variable. Unlike most life insurance providers, Ameritas offers three living benefit riders at no extra cost.
If you look forward to earning dividends on your policy, consider the company’s array of whole life insurance products. The insurer offers an exclusive rider for children, allowing you to purchase a term policy for them and convert it to permanent coverage after they turn 25. Businesses and workers may leverage Focus 10 Life to get guaranteed insurance for at least 10 years. Several policy types and riders are also available for those who are terminally ill.
However, Ameritas does not offer a burial insurance option, and despite having numerous policies, you cannot apply for any of them online. If you do not wish to purchase your policy through an agent, AIG offers a good selection of term, whole and universal life insurance and allows you to get your policy online.
To ensure you find the best policy type before applying, read on to discover Ameritas life insurance products and their features.
Wide selection of term, whole life and universal life plan types
Pays dividends on whole life insurance plans
Includes living benefit riders
Receives very low customer complaints
No option to apply online
Lacks a final expense policy
Ameritas was established in Nebraska in 1887 as the Old Line Bankers Life Insurance Company of Nebraska. The company is still headquartered in Lincoln with nationwide operations, serving over 5 million customers. By 2021, Ameritas had $115.7 billion worth of life insurance policies in force.
Ameritas customers can select from numerous life insurance products, including term life, universal life and whole life plans of diverse kinds. Some of the plans do not require a medical exam. Universal life and whole life policies include living benefits through an accelerated death benefit for terminal, critical and chronic illnesses. The triggers for the benefit vary based on the state.
The Ameritas life insurance policies are:
Ameritas' customer complaint ratio was 0.23 in 2021 and 0.27 in 2022, as indicated by the National Association of Insurance Commissioners (NAIC) report. These scores show that the insurer has fewer than average customer complaints. The company also had an A financial strength rating from AM Best.
In addition to the different life insurance policy types, Ameritas has a variety of policy riders, including living benefit riders that may come with no upfront charges, depending on the policy. Unfortunately, the company allows you to obtain a quote but does not allow you to apply online. You will need to consult a financial professional near your home to complete your application.
Ensure you’re getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.
