AMERITAS LIFE INSURANCE CORP.
                              SEPARATE ACCOUNT LLVL
                   Supplement to Prospectus dated May 1, 1998

The prospectus is amended at pages 12-13 to disclose the following
expenses for Vanguard Variable Insurance Fund:
<TABLE>
<CAPTION>

                         INVESTMENT ADVISORY
  PORTFOLIO                 & MANAGEMENT             OTHER EXPENSES              TOTAL

  VANGUARD(1)
 <S>                           <C>                     <C>                      <C>    
  Money Market                  .16%                    .04%                     .20%                    
  High-Grade Bond               .23%                    .05%                     .28% 
  High Yield Bond               .28%                    .03%                     .31%  
  Balanced                      .28%                    .03%                     .31% 
  Equity Income                 .33%                    .03%                     .36% 
  Equity Index                  .17%                    .03%                     .20% 
  Growth                        .36%                    .03%                     .39%
  Small Company Growth          .38%                    .04%                     .42% 
  International                 .39%                    .09%                     .48%
</TABLE>

  (1) 9/30/98      fiscal year end.

  The date of this Supplement is December 29, 1998.



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