AMERITAS LIFE INSURANCE CORP SEPARATE ACCOUNT LLVA
497, 2000-08-09
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                   AMERITAS LIFE INSURANCE CORP. ("AMERITAS")

           SUPPLEMENT TO AMERITAS NO-LOAD VARIABLE ANNUITY PROSPECTUS
                                DATED MAY 1, 2000

                        SUPPLEMENT DATED AUGUST 10, 2000


The prospectus  section on ANNUITY INCOME  OPTIONS,  pages 21-22,  is amended by
deleting the next to the last paragraph of the section, which begins on page 21,
and replacing it with the following:

        The rate of interest  payable  under the  Interest  Payment,  Designated
        Amount Annuity or Designated  Period Annuity  options will be guaranteed
        to be no less than 3% compounded yearly. Payments under the Life Annuity
        and Joint and Last  Survivor  Annuity  options will be based on the 1983
        Table "a" Individual Annuity Table,  projected for seventeen years, at 3
        1/2%  interest.  Ameritas  may,  at any time of  election  of an Annuity
        Income  Option,  offer more  favorable  rates in lieu of the  guaranteed
        rates  specified  in the  Annuity  Tables.  These  rates may be based on
        Annuity Tables which distinguish between males and females.


This Supplement should be retained with the current prospectus for your variable
Policy  issued by Ameritas  Life  Insurance  Corp.  If you do not have a current
prospectus, please contact Ameritas at 1-800-255-9678.


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