As filed with the Securities and Exchange Commission on
April 24, 1997
Registration No. 333-5529
=============================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-4
=====================================
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X]
PRE-EFFECTIVE AMENDMENT NO.
POST-EFFECTIVE AMENDMENT NO. 2
REGISTRATION STATEMENT UNDER THE INVESTMENT ACT OF 1940 [X]
PRE-EFFECTIVE AMENDMENT NO.
POST-EFFECTIVE AMENDMENT NO. 2
=====================================
AMERITAS LIFE INSURANCE CORP. SEPARATE ACCOUNT LLVA
(EXACT NAME OF REGISTRANT)
=====================================
AMERITAS LIFE INSURANCE CORP.
Depositor
5900 "O" Street
Lincoln, Nebraska 68510
=====================================
NORMAN M. KRIVOSHA
Executive Vice President, Secretary
and Corporate General Counsel
Ameritas Life Insurance Corp.
5900 "O" Street
Lincoln, Nebraska 68510
=====================================
Approximate Date of Proposed Public Offering: As soon as practicable after
effective date.
It is proposed that this filing will become effective:
[ ] immediately upon filing pursuant to paragraph b
[ ] on ___________ pursuant to paragraph a of Rule 485
[x] on May 1, 1997 pursuant to paragraph b of Rule 485
-----------
Pursuant to Rule 24f-2 under the Investment Company Act of 1940, the
Registrant has registered an indefinite amount of securities under
the Securities Act of 1933. Pursuant to paragraph (b)(2) of Rule
24f-2, the issuer is not required to file a Rule 24f-2 notice,
because it did not sell any securities pursuant to such declaration
during the fiscal year ending December 31, 1996.
<PAGE>
OVERTURE
CROSS REFERENCE TO ITEMS REQUIRED BY FORM N-4
PART A
FORM N-4 ITEM HEADING IN PROSPECTUS
Item 1. Cover Page.........................Cover Page
Item 2. Definitions........................Definitions
Item 3. Synopsis or Highlights.............Fee Table; Highlights
Item 4. Condensed Financial Information...Condensed Financial Information
Item 5. General Description of Registrant,
Depositor, and Portfolio Companies
a) Depositor.......................Ameritas Life Insurance Corp.
b) Registrant......................The Separate Account
c) Portfolio Company...............The Funds
d) Prospectus......................The Funds
e) Voting..........................Voting Rights
f) Administrator...................N/A
Item 6. Deductions and Expenses
a) Deductions......................Fee Table; Highlights; Charges
and Deductions
b) Sales load......................N/A
c) Special purchase plans..........N/A
d) Commissions.....................Distribution of the Policies
e) Portfolio company deductions and
expenses........................The Funds; Fund Investment
Advisory Fees and Expenses
f) Registrant's Operating Expenses.N/A
Item 7. General Description of Variable
Annuity Contracts
a) Rights .........................Highlights; Policy Features,
Annuity Period; General
Provisions; Voting Rights
b) Provisions and limitations......Highlights; Allocation of
Premium; Transfers Among the
Portfolios and the Fixed
Account; Systematic Programs
c) Changes in contracts or
operations......................Addition, Deletion, or
Substitution of Investments;
Policy Features; Voting Rights
d) Contractowner inquiries.........Owner Inquiries
Item 8. Annuity Period
a) Level of benefits...............Highlights; Allocation of
Premium; Annuity Income Options
b) Annuity commencement date.......Annuity Date
c) Annuity payments................Highlights; Annuity Income
Options
d) Assumed investment return.......Annuity Income Options
e) Minimums........................Annuity Income Options
f) Rights to change options or
transfer investment base........Annuity Income Options
Item 9. Death Benefit
a) Death benefit calculation.......Highlights; Death of Annuitant;
Death of Owner; Annuity Income
Options
b) Forms of benefits...............Highlights; Death of Annuitant;
Death of Owner; Annuity Income
Options
Item 10. Purchases and Contract Values
a) Procedures for purchases........Cover Page; Highlights; Policy
Purchase and Premium Payment;
Accumulation Value
b) Accumulation unit value.........Accumulation Value
c) Calculation of accumulation unit
value...........................Accumulation Value; Policy
Purchase and Premium Payment
d) Principal underwriter...........Distribution of the Policies
<PAGE>
Item 11. Redemptions
a) Redemption procedures...........Highlights; Withdrawals and
Surrenders
b) Texas Optional Retirement
Program.........................N/A
c) Delay...........................Deferment of Payment
d) Lapse...........................N/A
e) Revocation rights...............Highlights; Free Look Privilege
Item 12. Taxes
a) Tax consequences................Tax Charges; Federal Tax
Matters
b) Qualified plans.................Federal Tax Matters
c) Impact of taxes.................Tax Charges
Item 13. Legal Proceedings .................Legal Proceedings
Item 14. Table of Contents of Statement of
Additional Information.............Table of Contents of Statement
of Additional Information
PART B
FORM N-4 ITEM HEADING IN STATMENT OF
ADDITIONAL INFORMATION
Item 15. Cover page.........................Cover page
Item 16. Table of Contents..................Table of Contents
Item 17. General Information and History....General Information and History
Item 18. Services
a) Fees, expenses and costs paid
by other than depositor or
registrant......................N/A
b) Management-related services.....N/A
c) Custodian and independent public
accountant......................Safekeeping of Account Assets;
Experts
d) Other custodianship.............N/A
e) Administrative servicing agent..N/A
f) Depositor as principal
underwriter.....................N/A
Item 19. Purchase of Securities Being Offered
a) Manner of Offering..............N/A
b) Sales load......................N/A
Item 20. Underwriters
a) Depositor or affiliate as
principal underwriter...........Distribution of the Policy
b) Continuous offering.............Distribution of the Policy
c) Underwriting commissions........N/A
d) Payments of underwriter.........N/A
Item 21. Calculation of Performance Data....Calculation of Performance Data
Item 22. Annuity Payments...................N/A
Item 23. Financial Statements
a) Registrant......................Financial Statements
b) Depositor.......................Financial Statements
<PAGE>
We herein incorporate by reference Part A and Part B of File Numbers 333-5529
and 811-7661, as filed in Post-Effective Amendment No. 1, filed on February 28,
1997.
<PAGE>
<PAGE>
PART C
OTHER INFORMATION
Item 24. Financial Statements and Exhibits
a) Financial Statements:
The financial statements of Ameritas Life Insurance Corp. are filed in Part
B. No financial statements will be included for Ameritas Life Insurance
Corp. Separate Account LLVA, as it had no assets or liabilities and had not
commenced operations as of December 31, 1996.
Ameritas Life Insurance Corp.:
- Report of Deloitte & Touche LLP, independent auditors.
- Balance Sheets as of December 31, 1996 and 1995.
- Statements of Operations and Policyowners' Contingency Reserves for each
of the three years in the period ended December 31, 1996.
- Statements of Cash Flows for each of the three years in the period ended
December 31, 1996.
- Notes to Financial Statements for the three years in the period ended
December 31, 1996.
All schedules of the Company for which provision is made in the applicable
accounting regulations of the Securities and Exchange Commission are not
required under the related instructions, are inapplicable or have been disclosed
in the Notes to the Financial Statements and therefore have been omitted.
There are no financial statements included in Part A.
b) Exhibits
Exhibit Number Description of Exhibit
-------------- ----------------------
(1) Resolution of Board of Directors of Ameritas Life
Insurance Corp. establishing Ameritas Life
Insurance Corp. Separate Account LLVA.*
(2) Not applicable.
(3)(a) Principal Underwriting Agreement.**
(3)(b) Form of Selling Agreement.*
(4) Form of Variable Annuity Contract.*
(5) Form of Application for Variable Annuity
Contract.***
(6)(a) Certificate of Incorporation of Ameritas Life
Insurance Corp.*
(6)(b) Bylaws of Ameritas Life Insurance Corp.*
(7) Not applicable.
(8)(a) Participation Agreement.*
(8)(b) Proposed Participation Agreement.*
(8)(c) Proposed Participation Agreement.**
(8)(d) Proposed Participation Agreement.**
(9) Opinion and consent of Norman M. Krivosha.
(10)(a) Independent Auditors' Consent.
(11) No financial statements are omitted from Item 23.
(12) Not applicable.
(13) Not applicable.
* Incorporated by reference to the initial registration statement for Ameritas
Life Insurance Corp. Separate Account LLVA (File No. 333-5529), filed on
June 7, 1996.
** Incorporated by reference to the Pre-Effective Amendment No. 1 for Ameritas
Life Insurance Corp. Separate Account LLVA (File No. 333-5529), filed on
October 3, 1996.
***Incorporated by reference to the Pre-Effective Amendment No. 2 for Ameritas
Life Insurance Corp. Separate Account (File NO. 333-5529), filed on November
20, 1996.
1
<PAGE>
Item 25. Directors and Officers of the Depositor.
Name and Principal Position and Offices
Business Address with Depositor
------------------ ---------------------
Lawrence J. Arth* Director, Chairman of the Board
and Chief Executive Officer
Kenneth C. Louis* Director, President and Chief
Operating Officer
Norman M. Krivosha* Executive Vice President, Secretary
and Corporate General Counsel
Jon C. Headrick* Executive Vice President-Investments
and Treasurer
James P. Abel** Director
Duane W. Acklie** Director
Robert C. Barth* Second Vice President and Assistant
Controller
Roxann Brennfoerder* Vice President - Pensions
Wayne E. Brewster* Vice President - Variable Sales
Robert W. Bush* Executive Vice President-Individual
Insurance
Jan M. Connolly* Vice President-Corporate Operations,
Planning and Quality
William W. Cook, Jr.** Director
Gerald B. Dimon* Vice President - Human Resources
Bert A. Getz** Director
William R. Giovanni* Senior Vice President and Chief
Executive Officer-Ameritas Investment
Corp.
James R. Haire* Vice President - Corporate Actuary
Thomas D. Higley* Vice President - Individual Financial
Operations and Actuary
Leslie D. Inman* Vice President - Group Marketing
and Planning
Steven K. Isaacs* Vice President - Group Field Sales
Michael Jaskolka* Vice President - Information
Services
Marty L. Johnson* Second Vice President - Individual
Underwriting
Kenneth R. Jones* Vice President-Corporate Compliance
and Assistant Secretary
James R. Knapp** Director
Robert F. Krohn** Director
William W. Lester* Vice President-Securities
Wilfred J. Maddux** Director
JoAnn M. Martin* Senior Vice President-Controller and
Chief Financial Officer
Anthony Mazzarelli, Jr.* Vice President-Individual Field Sales
Bruce R. McMullen, M.D.* Vice President and Medical Director
David C. Moore* Executive Vice President - Group and
Pensions
William W. Nelson* Vice President - Group Claims and
Administration
Dale Niebuhr* Second Vice President-Audit Services
Gary R. Raymond* Vice President - Group Actuary
Barry C. Ritter* Senior Vice President - Information
Services
Paul C. Schorr, III** Director
William C. Smith** Director
Donald R. Stading* Vice President and General Counsel -
Insurance and Assistant Secretary
2
<PAGE>
Neal E. Tyner** Director
Kenneth L. VanCleave* Vice President - Group Managed Care
and Partnering
Winston J. Wade** Director
Jon B. Weinberg** Vice President-Mortgage Loans and
Real Estate
Steven L. Welton* Vice President-Individual Marketing
* Principal business address: Ameritas Life Insurance Corp., 5900 "O" Street,
Lincoln, Nebraska 68510
** Principal address for: James P. Abel, NEBCO, Inc., P.O. Box 80268,
Lincoln, Nebraska 68501; Duane W. Acklie, Crete Carrier Corporation, P.O.
Box 81228, Lincoln, Nebraska 68501; William W. Cook, Jr., The Beatrice
National Bank and Trust Company, P.O. Box 100, Beatrice, Nebraska 68310;
Bert A. Getz, Globe Corporation, 3634 Civic Center Blvd., Scottsdale,
Arizona 85251; James R. Knapp, The Brookhollow Group, 535 Anton Boulevard,
Suite 100, Costa Mesa, California 92626; Robert F. Krohn, PSI Group, Inc.,
10011 "J" Street, Omaha, Nebraska 68127; Wilfred Maddux, Maddux Cattle
Company, P.O. Box 217, Wauneta, Nebraska 69045; Paul C. Schorr, III, ComCor
Holding, Inc., 6940 "O" Street, Suite 336, P.O. Box 57310, Lincoln,
Nebraska 68505, William C. Smith, William C. Smith & Co., Cornhusker Plaza,
Suite 401, 301 So. 13th Street, Lincoln, Nebraska 68508; Neal E. Tyner, NET
Consultants, 6940 O Street, Suite 324, Lincoln, Nebraska 68510; Winston J.
Wade, c/o PMI, Jockey Hollow Professional Park, P.O. Box 311, Mendham, New
Jersey 07945.
Item 26
The depositor, Ameritas Life Insurance Corp., is a mutual life insurance company
domiciled in Nebraska. The Registrant is a segregated asset account of Ameritas
Life Insurance Corp.
The following chart indicates the persons controlled by or under common control
with Ameritas Life Insurance Corp.:
[GRAPHIC OMITTED]
Omitted chart shows Ameritas organization. ALIC with its separate accounts is at
the uppermost tier; second tier companies are: Ameritas Investment Advisors,
Inc., Ameritas Managed Dental Plan, Inc., First Ameritas Life Insurance Corp. of
New York, Pathmark Assurance Company, Veritas Corp., AMAL Corporation, third
tier companies are Ameritas Investment Corp. and Ameritas Variable Life
Insurance Company with its separate accounts which are owned by AMAL
Corporation.
All entities are Nebraska entities, except First Ameritas Life Insurance Corp.
of New York, which is a New York entity, and Ameritas Managed Dental Plan, Inc.,
which is a California entity.
All entities are wholly-owned by the person immediately controlling it, except
AMAL Corporation, a holding company, which is jointly owned by Ameritas Life
Insurance Corp., which owns a majority interest in AMAL Corporation, and AmerUs
Life Insurance Company, which owns a minority interest in AMAL Corporation.
AMAL Corporation is a holding company. Veritas is a marketing agency. Pathmark
Assurance Company is an insurance company.
Item 27. Number of Contractowners
As of December 31, 1996 there were 0 contractowners.
Item 28. Indemnification
Ameritas Life Insurance Corp.'s By-laws provide as follows:
"The Company shall indemnify any person who was, or is a party, or is
threatened to be made a party, to any threatened, pending or completed action,
suit or proceeding, whether civil, criminal, administrative or investigative by
reason of the fact that such person is or was a director, officer or employee of
the Company or is or was serving at the request of the Company
3
<PAGE>
as a director, officer or employee or agent of another corporation, partnership,
joint venture, trust, or other enterprise, against expenses including attorney's
fees, judgments, fines and amounts paid in settlement actually and reasonably
incurred in connection with such action, suit or proceeding to the full extent
authorized by the laws of Nebraska."
Section 21-2004 of the Nebraska Business Corporation Act, in general, allows
a corporation to indemnify any director, officer, employee or agent of the
corporation for amounts paid in settlement actually and reasonably incurred by
him or her in connection with an action, suit or proceeding, if he or she acted
in good faith and in a manner he or she reasonably believed to be in or not
opposed to the best interest of the corporation, and, with respect to any
criminal action or proceeding, had no reasonable cause to believe his or her
conduct was unlawful.
In a case of a derivative action, no indemnification shall be made in respect
of any claim, issue or matter as to which such person shall have been adjudged
to be liable for negligence or misconduct in the performance of his or her duty
to the corporation, unless a court in which the action was brought shall
determine that such person is fairly and reasonably entitled to indemnify for
such expenses which the Court shall deem proper.
Insofar as indemnification for liability arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons of the
registrant pursuant to the foregoing provisions, or otherwise, the registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred
or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final adjudication of
such issue.
Item 29. Principal Underwriters
a) Ameritas Investment Corp. which will serve as the principal underwriter
for the variable annuity contracts issued through Ameritas Life Insurance
Corp. Separate Account LLVA, also serves as the principal underwriter for
variable life insurance contracts issued through Ameritas Life Insurance
Corp. Separate Account LLVL. Ameritas Investment Corp. also serves as
the principal underwriter for variable life insurance contracts issued
through Ameritas Variable Life Insurance Company Separate Account V, and
variable annuity contracts issued through Ameritas Variable Life
Insurance Company Separate Account VA-2.
b) The following table sets forth certain information regarding the officers
and directors of the principal underwriter, Ameritas Investment Corp.
Name and Principal Positions and Offices
Business Address with Underwriter
---------------- ----------------
Lawrence J. Arth* Director and Chairman of the Board
Kenneth C. Louis* Director, Senior Vice President
Norman M. Krivosha* Secretary and General Counsel
William R. Giovanni* Director, President and Chief
Executive Officer
Jon C. Headrick* Treasurer
D T Doan** Director and Senior Vice President
Thomas C. Godlasky** Director
Michael E. Sproule** Director
Kenneth R. Jones* Vice President-Corporate Compliance
and Assistant Secretary
Thomas C. Bittner* Vice President-Marketing and
Administration
Janell D. Winsor* Vice President-Retail Sales Manager
Alan R. Eveland* Vice President-Public Finance
Robert W. Morrow* Vice President
* Principal business address: Ameritas Investment Corp., 5900 "O" Street,
Lincoln, Nebraska 68510.
** Principal business address: AmerUs Life Insurance Company, 611 Fifth
Avenue, Des Moines, Iowa 50309
Item 30. Location of Account and Records
The Books, records and other documents required to be maintained by Section
31(a) of the 1940 Act and Rules 31a-1 to 31a-3 thereunder are maintained at
Ameritas Life Insurance Corp., 5900 "O" Street, Lincoln, Nebraska 68510
4
<PAGE>
Item 31. Management Services
Not applicable.
Item 32. Undertakings
a) Registrant undertakes to file a post-effective amendment to this
registration statement as frequently as necessary to ensure that the
audited financial statements in the registration statement are never more
than 16 months old for so long as payments under the variable annuity
contracts may be accepted.
b) Registrant undertakes to include either (1) as part of any application to
purchase a contract offered by the prospectus, a space that an applicant
can check to request a Statement of Additional Information, or (2) a post
card or similar written communication affixed to or included in the
prospectus that the applicant can remove and send for a Statement of
Additional Information.
c) Registrant undertakes to deliver any Statement of Additional Information
and any financial statements required to be made available under this
form promptly upon written or oral request.
d) The Registrant is relying upon the Division of Investment Management
(Division) no-action letter of November 28, 1988 concerning annuities
sold in 403(b) plans and represents that the requirements of the
no-action letter have been, are and/or will be complied with.
e) Ameritas Life Insurance Corp. represents that the fees and charges
deducted under the contract, in the aggregate, are reasonable in relation
to the services rendered, the expenses expected to be incurred, and the
risks assumed by the insurance company.
5
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant,
Ameritas Life Insurance Corp. Separate Account LLVA, certifies that it meets all
the requirements for effectiveness of this Post-Effective Amendment No. 2 to the
Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933
and has duly caused this Amendment to the Registration Statement to be signed on
its behalf by the undersigned thereunto duly authorized in the City of Lincoln,
County of Lancaster, State of Nebraska on this 4th day of April, 1997.
AMERITAS LIFE INSURANCE CORP.
SEPARATE ACCOUNT LLVA, Registrant
AMERITAS LIFE INSURANCE CORP., Depositor
Attest: Norman M. Krivosha By: Lawrence J. Arth
-------------------- -----------------------
Secretary Chairman of the Board
Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed by the Directors and Principal Officers of Ameritas
Life Insurance Corp. on the dates indicated.
SIGNATURE TITLE DATE
--------- ----- ----
/s/ Lawrence J. Arth Director, Chairman of the Board April 4, 1997
--------------------- and Chief Executive Officer
Lawrence J. Arth
/s/ Kenneth C. Louis Director, President and April 4, 1997
--------------------- Chief Operating Officer
Kenneth C. Louis
/s/ Norman M. Krivosha Executive Vice President, April 4, 1997
--------------------- Secretary and Corporate
Norman M. Krivosha General Counsel
/s/ Jon C. Headrick Executive Vice President- April 4, 1997
--------------------- Investments and Treasurer
Jon C. Headrick
/s/ JoAnn M. Martin Senior Vice President - Controller April 4, 1997
--------------------- and Chief Financial Officer
JoAnn M. Martin
/s/ James P. Abel Director April 4, 1997
-------------------
James P. Abel
/s/ Duane W. Acklie Director April 4, 1997
-------------------
Duane W. Acklie
/s/ William W. Cook, Jr. Director April 4, 1997
---------------------
William W. Cook, Jr.
<PAGE>
SIGNATURE TITLE DATE
--------- ----- ----
/s/ Bert A. Getz Director April 4, 1997
---------------------
Bert A. Getz
/s/ James R. Knapp Director April 4, 1997
---------------------
James R. Knapp
/s/ Robert F. Krohn Director April 4, 1997
---------------------
Robert F. Krohn
/s/ Wilfred J. Maddux Director April 4, 1997
---------------------
Wilfred J. Maddux
/s/ Paul C. Schorr, III Director April 4, 1997
---------------------
Paul C. Schorr, III
/s/ William C. Smith Director April 4, 1997
---------------------
William C. Smith
/s/ Neal E. Tyner Director April 4, 1997
---------------------
Neal E. Tyner
/s/ Winton J. Wade Director April 4, 1997
---------------------
Winston J. Wade
<PAGE>
As filed with the Securities and Exchange Commission on April 24, 1997.
Registration No. 333-5529
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------------
EXHIBITS
TO
POST-EFFECTIVE AMENDMENT NO. 2
TO
FORM N-4
AMERITAS LIFE INSURANCE CORP.
SEPARATE ACCOUNT LLVA
<PAGE>
Exhibit Index
-------------
Exhibit Page
------- ----
99.9 Opinion and Consent of Norman M. Krivosha
99.10a Independent Auditors' Consent
EXHIBIT 99.9
Opinion and Consent of Norman M. Krivosha
<PAGE>
Ameritas Life Insurance Corp. Logo
5900 "O" Street, Lincoln, Nebraska 68510
April 23, 1997
Ameritas Life Insurance Corp.
5900 "O" Street
P.O. Box 81889
Lincoln, Nebraska 68501
Gentlemen:
With reference to Post-Effective Amendment No. 2 to the Registration Statement
on Form N-4, filed by Ameritas Life Insurance Corp. and Ameritas Life Insurance
Corp. Separate Account LLVA with the Securities & Exchange Commission covering
flexible premium annuity policies, I have examined such documents and such laws
as I considered necessary and appropriate, and on the basis of such examination,
it is my opinion that:
1. Ameritas Life Insurance Corp. is duly organized and validly existing
under the laws of the State of Nebraska and has been duly authorized
by the Insurance Department of the State of Nebraska to issue variable
annuity policies.
2. Ameritas Life Insurance Corp. Separate Account LLVA is a duly
authorized and existing separate account established pursuant to the
provisions of Sections 44-310.06 (subsequently repealed) and/or
44-402.01 of the Statutes of the State of Nebraska.
3. The flexible premium variable annuity policies, when issued as
contemplated by said Form N-4 Registration Statement, will constitute
legal, validly issued and binding obligations of Ameritas Life
Insurance Corp.
I hereby consent to the filing of this opinion as an exhibit to said
Post-Effective Amendment No. 2 to the Registration Statement on Form N-4 and to
the use of my name under the caption "Legal Matters" in the Prospectus contained
in the Registration Statement.
Sincerely,
/s/ Norman Krivosha
Norman Krivosha
Executive Vice President
Secretary and Corporate General Counsel
EXHIBIT 99.10(a)
Independent Auditors' Consent
<PAGE>
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in this Post Effective Amendment
No. 2 to Registration Statement No. 333-5529 of Ameritas Life Insurance Corp.
Separate Account LLVA on Form N-4 of our report dated February 1, 1997, on the
consolidated financial statements of Ameritas Life Insurance Corp. (which
expresses an unqualified opinion and includes an explanatory paragraph relating
to a change in method of accounting for securities effective January 1, 1994)
appearing in the Statement of Additional Information, which is a part of such
Registration Statement, and to the related reference to us under the heading
"Experts."
/s/ Deloitte & Touche LLP
DELOITTE & TOUCHE LLP
Lincoln, Nebraska
April 24, 1997
