| OVERTURE
ENCORE! II
Flexible Premium Variable Universal Life
This product is closed to new sales. Information shown here is for current policyowners only.
OVERTURE ENCORE! II is a variable
universal life insurance policy designed to provide a cost effective death
benefit and tax-deferred asset accumulation potential. It offers several
valuable benefits:
Insurance Protection
The death benefit can provide valuable resources to your family, business
associates, or other beneficiaries if something should happen to you.
It is generally paid income tax-free without the delays and costs of probate.
Investment Options
You direct your investment by selecting from a wide range of investment
options advised by nationally prominent managers. You can learn more about
these investment options by reviewing their prospectus,
semi-annual
or annual
fund reports.
Tax Deferred Growth
Any growth in the value of your insurance policy is not subject to current
income taxes which means any earnings continue to work for you tax-deferred.
Tax-Free Access to Cash
ENCORE! II offers several easy ways to access the accumulation value of
your policy, and any money withdrawn is tax free if the policy remains
in force. Loans or withdrawals could reduce the death benefit and cause
the policy to lapse.
Tax-Free Transfers
You can transfer funds among investment options without current tax consequences.
Premium Flexibility
After the first policy year, you can increase or decrease your payments,
subject to certain limitations. As long as the policy's cash value is
sufficient to cover continuing policy charges, you can make payments more
or less frequently, skip payments or even discontinue payments for periods
of time.
OVERTURE ENCORE! II (Form 5118) is a variable universal
life insurance policy issued by First Ameritas Life Insurance Corp. of
New York and underwritten by its affiliate Ameritas Investment Corp. For
complete information including charges and expenses, exclusions and limitations,
refer to the prospectus available on this web site. Read it carefully
before you invest or send money.
The amount and duration of the surrender charges vary
by the insured's sex, issue age, risk and rate class, specified amount,
the amount of any increase in the specified amount, and the length of
time the policy is in force.
It is possible that coverage may not continue to the
maturity date if policy costs reach maximum guaranteed levels, and premiums
continue to be paid at the initial planned premium level.
|
ENCORE! II VUL |
