Ameritas Direct The No-Load Insurance Pioneer

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Calvert Variable Series, Inc.

Calvert Asset Management Company, Inc. (CAMCO) is the Investment Advisor to the Calvert family of funds and Summit Mutual Funds, Inc., overseeing over $11.5 billion in assets in a broad range of equity, fixed-income, balanced and asset allocation funds. CAMCO's Equities Department oversees the firm's nine world-class equity sub-advisors who provide expertise in their areas of specialization and offer investors a broad spectrum of investment styles and objectives. CAMCO directly manages a full family of fixed-income portfolios for individual and institutional accounts. CAMCO's investment team employs a relative-value strategy, seeking to uncover investment opportunities often overlooked by Wall Street. Calvert is an affiliate of both Ameritas Life Insurance Corp. and Ameritas Investment Corp.

Investment Option Firm/Funds Calvert Variable Series	Asset Category	Risk Ranking	Objective/Primary Investments
Ameritas Core Strategies \| Supplement Subadvised by Thornburg Investment Management	Large Cap Blend	1 2 3 4 5	Seeks long-term capital appreciation and secondarily, current income, by investing primarily in domestic equity securities (common stocks) selected on a value basis; may also invest in debt securities.
Social Balanced	Balanced/Lifestyle	1 2 3 4 5	Seeks income and capital growth, by investing in socially screened stocks (60%) and bonds and other fixed income investments (40%). Stock investments are primarily large-cap common stocks; fixed investments are primarily a variety of investment-grade securities.
Social Equity	Large Cap Growth	1 2 3 4 5	Seeks growth of capital through investment in socially screened stocks of issuers in industries believed to offer opportunities for potential capital appreciation by investing primarily in the common stocks of U.S. large-cap companies.
Social International Equity \| Supplement	International Large Cap Growth	1 2 3 4 5	Seeks a high total return consistent with reasonable risk, by investing primarily in socially screened, non-U.S. large-cap common and preferred stocks.¹

Information on the risk ranking of investment options is provided by the UNIFI Investment Products Group (a part of Ameritas Life Insurance Corp.), and is provided as impersonal information, and not as investment advice. The Investment Products Group is not advising you personally concerning the nature, potential, value or suitability of any particular investment option. The provision of a risk ranking does not constitute a recommendation that any particular investment option is suitable for any specific person. Risk rankings are prepared from sources believed to be reliable, but the sources are not guaranteed and may not be accurate. Please consult with your own advisers concerning the advisability of selecting particular investment options within your policy. Risk rankings range from “1” (lower risk and lower reward potential) to “5” (higher risk and higher reward potential).

¹Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risk relating to political economic or regulatory conditions in foreign countries. These risks include fluctuations in foreign currencies; withholding or other taxes; trading, settlement, custodial and other operation risk; and the less stringent investor protection and disclosure standards of some foreign markets.

Investment options with “Ameritas” in their name are part of the Calvert Variable Series, Inc. (“CVS”) Ameritas Portfolios, advised by Calvert Asset Management Company, Inc. (CAMCO). For investment options advised by CAMCO, the day-to-day management of the investment options is the responsibility of the corresponding subadvisor (if any) under whose name each is listed in the applicable prospectus.

Ameritas Advisor VUL (form 4051) is issued by Ameritas Life Insurance Corp. and underwritten by affiliate Ameritas Investment Corp. Product available in most states.

Variable products have investment risk, including the possible loss of principal. Before investing, carefully consider the investment objectives, risks, charges, expenses and other important information about the policy issuer and underlying investment options. This information can be found in the policy and investment option prospectuses. Read the prospectuses carefully before investing.

AD-VULW 004 Rev. 5-09