Ameritas offers insurance, financial services and employee benefits, but we deliver so much more. The comfort of a human voice when you need it most. We help 5.7 million customers improve their lives with our financial strategies and products. Our strength, innovative mindset and competitive spirit will help more people enjoy that kind of satisfaction.
Ameritas Information？
Ameritas offers a straightforward investment platform accessible via iOS, Android, and web, catering primarily to conservative investors seeking simplicity and ease of use. With no specified account minimums and free account fees for new customers, Ameritas appeals to those looking to start investing without initial financial commitments. The platform does not offer mutual funds but charges a commission fee of 10% on transactions. However, details such as interest rates on uninvested cash and margin interest rates are not specified, requiring potential investors to inquire directly for complete financial planning.
Pros and Cons of Ameritas
Ameritas presents a robust platform compliant with financial regulations, offering a diverse array of assets for investment across iOS, Android, Mac, Windows, and web platforms. This accessibility ensures flexibility for investors seeking various types of assets. However, potential drawbacks include a complex fee structure that may not be immediately transparent to users. Additionally, Ameritas does not specify margin interest rates or interest rates on uninvested cash, which can concern those looking for clarity on potential costs and returns.
Is Ameritas safe？
AMERITAS INVESTMENT COMPANY, LLC. is a broker-dealer registered with the Securities and Exchange Commission (SEC), and is a member of the Financial Industry Regulatory Authority (FINRA) in the United States.
Segregation of Client Funds: Client funds are held in segregated bank accounts separate from the company's own funds.
Regular Audits: AMERITAS INVESTMENT COMPANY, LLC.'s accounts are regularly audited by independent auditors to ensure compliance with regulatory requirements and the proper safeguarding of client funds.
Insurance Coverage: AMERITAS INVESTMENT COMPANY, LLC. maintains professional indemnity insurance to protect clients from losses arising from errors or omissions by the company.
What are securities to trade with Ameritas？
Ameritas offers a variety of investment tools, including annuity, investments, commercial mortgage & real estate, fixed income securities, disability income insurance and retirement plans. These products help investors achieve diversified portfolios and select different risk-reward options. However, it does not provide products like commodity futures, forex, and cryptocurrencies.
- Annuities: Offer stable, long-term income streams, ideal for individuals planning retirement or seeking guaranteed income.
- Investments: Diverse options include stocks for capital growth, options for strategic flexibility, and commercial mortgage & real estate for property-focused investments.
- Fixed Income Securities: Provide predictable returns, suited for risk-averse investors seeking steady income with minimal volatility.
- Disability Income Insurance: Protect income in case of disability, ensuring financial stability during unforeseen circumstances.
- Retirement Plans: Tailored solutions for retirement savings, offering security and growth through various investment strategies.
Ameritas Accounts
Ameritas offers a comprehensive range of accounts designed to meet diverse financial needs. Their Life accounts provide robust life insurance options, ensuring financial security for individuals and families. Wealth accounts cater to investors with tailored strategies for wealth accumulation and preservation. Health accounts focus on health insurance solutions, offering coverage options that prioritize wellness and medical needs. For businesses, Ameritas provides specialized services including group benefits and retirement plans, supporting companies with customized insurance and investment solutions. Their commitment to personalized service and financial expertise ensures clients receive reliable support across all aspects of their financial planning and protection needs.
Ameritas Fees Review
- Total Annual Dental Sales: This refers to the total annual premium amount collected from all the dental insurance policies you sell in a year. The table shows an example of $25,000.
- Annual Premium: This is the yearly premium amount paid by a customer for their dental insurance policy. The example shows $500 per policy.
- Monthly Premium: This is the monthly cost of the dental insurance policy, which is calculated by dividing the annual premium by twelve. In the example, it's $41.67 per month ($500 / 12).
- Commission 1st year: This is the percentage commission you earn on the total annual premium in the first year a customer signs up for a policy. The example shows a 10% commission rate.
- New Business: This column shows the number of new dental insurance policies you sell each month. The example has sold 2 new policies in January, February, and March, increasing throughout the year to end with 3 new policies sold in December.
- Total Inforce: This column reflects the total number of active dental insurance policies you have sold on a month-to-month basis. It factors in new sales (New Business) and assumes renewals each month. For instance, if you sold 2 new policies in January, and none cancelled, you would have 2 total inforce policies in February.
- Commission on new business: This column shows the amount of commission earned each month based on the new policies sold that month. It's calculated by multiplying the monthly premium by the commission rate and the number of new policies sold that month. In the example, for January, the commission is $8 ( $41.67 x 10% x 2).
Here's a breakdown of the potential commission you could earn in the first year based on the example provided:
- Total Commission on New Business: $654 (sum of the “Commission on new business” column)
Ameritas App Review
Ameritas's mobile app is a cutting-edge and intuitive trading platform designed for on-the-go traders. It provides a comprehensive trading experience, available on iOS and Android devices, facilitating easy access to markets anytime, anywhere. In addition to the mobile app, Ameritas also offers a versatile range of platforms and tools for different devices and operating systems, including Web Trading platforms, as well as dedicated applications for Mac and Windows. This variety ensures that all users, regardless of their preferred device, can access the trading services seamlessly.
Research and Education
Ameritas's Research and Education division, housed within their Newsroom, serves as a vital resource for up-to-date insights and knowledge. It provides valuable research reports, articles, and expert analyses across various financial and insurance sectors. This platform not only informs clients and stakeholders about industry trends and regulatory updates but also offers educational resources to help individuals make informed financial decisions. Whether exploring market trends, understanding policy changes, or gaining insights into planning for retirement, Ameritas's Newsroom is committed to delivering credible and accessible information that empowers individuals and businesses alike.
Customer Service
Ameritas's Customer Support is dedicated to providing exceptional service and accessibility. Customers can reach their knowledgeable team by calling 800-745-1112 for assistance with life insurance, dental, vision, or retirement plans. For document submissions, faxes can be sent to 402-467-7335. Correspondence by mail should be addressed to Ameritas Life Insurance Corp. at 5900 O Street, P.O. Box 81889, Lincoln, NE 68501. With a commitment to prompt and comprehensive support, Ameritas ensures that customer inquiries and needs are addressed efficiently and professionally.
Conclusion
In conclusion, Ameritas stands out as a reliable choice for investors seeking a straightforward and compliant investment platform accessible across various devices. With no specified account minimums and free account fees for new users, it accommodates those looking to start investing without initial financial commitments. Ameritas offers a range of investment tools including annuities, commercial real estate, and retirement plans, catering to conservative investors seeking simplicity and ease of use. However, potential complexities in fee structures and unspecified details such as margin interest rates may require clarification for more seasoned investors. Ameritas's commitment to regulatory compliance and customer support, evidenced by their SEC registration and comprehensive service options, reinforces its standing as a trustworthy partner in financial planning and investment.
FAQs
Is Ameritas safe to trade？
Ameritas Investment Company, LLC. is a registered broker-dealer with the SEC and a member of FINRA, ensuring compliance with rigorous regulatory standards. Client funds are held in segregated accounts and the company maintains professional indemnity insurance, further safeguarding client interests.
Is Ameritas a good platform for beginners？
Ameritas offers a user-friendly platform accessible via iOS, Android, Mac, Windows, and web, making it suitable for beginners seeking simplicity in their investment journey. With no specified account minimums and free account fees for new users, Ameritas provides a welcoming environment for those new to investing.
Is Ameritas legit？
Yes, Ameritas Investment Company, LLC. is a legitimate and regulated entity in the United States, adhering to strict regulatory guidelines set by the SEC and FINRA. Its commitment to transparency and compliance ensures a trustworthy investment experience for clients.
Is Ameritas good for investing/retirement？
Ameritas offers a variety of investment options including annuities, commercial real estate, fixed income securities, disability income insurance, and retirement plans. These products cater to conservative investors seeking stable returns and long-term financial planning solutions, making Ameritas a viable choice for investing and retirement planning.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
