AMERITAS LIFE INSURANCE CORP.
SEPARATE ACCOUNT LLVL
Supplement to Prospectus
By Supplement to the Prospectus dated May 1, 1998, Ameritas Life Insurance Corp.
discloses the following:
On September 14, 1998, the Board of Directors of Ameritas Mutual Insurance
Holding Company and Acacia Mutual Holding Company voted to merge the two mutual
insurance holding companies and the two intermediate holding companies. The
surviving mutual holding company will be Ameritas Acacia Mutual Holding Company.
The merger will be effective January 1, 1999, subject to the approval of the
various regulators and the members of both mutual holding companies. On the
effective date of the merger, Ameritas Life and Acacia Life and all other
corporate subsidiaries are unaffected.
By further Supplement, Ameritas Life Insurance Corp. revises the prospectus at
page 9, so that the second paragraph under the heading Ameritas Life Insurance
Corp. reads as follows:
ALIC and subsidiaries had total assets at December 31, 1997 of over $3.4
billion. ALIC enjoys a long standing A+ (Superior) rating from A.M. Best, an
independent firm that analyzes insurance carriers. A.M. Best Co. has now placed
the rating of Ameritas Life Insurance Corp., under review with developing
implications. ALIC also has been rated A- ("Excellent") by Weiss Research, Inc.,
and has an AA ("Excellent") rating from Standard & Poor's for claims-paying
ability.
The date of this Supplement is September 16, 1998.
