AMENDMENT NO. 2 PARTICIPATION AGREEMENT The Participation Agreement dated April 30, 2004, by and among AIM Variable Insurance Funds, a Delaware trust ("AVIF"), A I M Distributors, Inc., a Delaware corporation ("AIM"), Ameritas Life Insurance Corp....

                                 AMENDMENT NO. 2

                             PARTICIPATION AGREEMENT

The Participation Agreement dated April 30, 2004, by and among AIM Variable
Insurance Funds, a Delaware trust ("AVIF"), A I M Distributors, Inc., a Delaware
corporation ("AIM"), Ameritas Life Insurance Corp. (formerly Ameritas Variable
Life Insurance Company), a Nebraska life insurance company ("LIFE COMPANY"), and
Ameritas Investment Corp. ("UNDERWRITER"), is hereby amended as follows:

    SCHEDULE A IS DELETED AND REPLACED WITH SCHEDULE A ON THE FOLLOWING PAGE.

The effective date of this Amendment is November 5, 2007.

All other provisions of the Agreement shall remain the same.

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be
executed in its name and behalf by its duly authorized representative.


AMERITAS LIFE INSURANCE CORP. (FORMERLY
AMERITAS VARIABLE LIFE INSURANCE COMPANY)


By: /s/ Xxxxxx X. Xxxxx
    ---------------------------------
Name: Xxxxxx X. Xxxxx
Title: Sr. Vice President


AMERITAS INVESTMENT CORP.


By: /s/ Xxxxxx X. Xxxxxxx
    ---------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President


AIM VARIABLE INSURANCE FUNDS


By: /s/ Xxxxxxx Xxxxx
   ----------------------------------
Name: Xxxxxxx Xxxxx
Title: Assistant Vice President


A I M DISTRIBUTORS, INC.


By: /s/ Xxxx X. Xxxxxx
    ---------------------------------
Name: Xxxx X. Xxxxxx
Title: Executive Vice President




                                   SCHEDULE A

FUNDS AVAILABLE UNDER THE CONTRACTS

AIM V.I. Dynamics Fund
AIM V.I. International Growth Fund

SEPARATE ACCOUNTS UTILIZING THE FUNDS

   AMERITAS VARIABLE SEPARATE ACCOUNT V
   AMERITAS VARIABLE SEPARATE ACCOUNT VA-2

CONTRACTS FUNDED BY THE SEPARATE ACCOUNTS

   AMERITAS VARIABLE SEPARATE ACCOUNT V
      4010 - Overture Applause!
      4016 - Overture Applause! II
      4018 - Overture Encore!
      4065 - Overture Bravo!
      4020 - Corporate Benefit VUL
      4022 - Overture Ovation!
      4024 - Overture VIVA
      4101 - Protector hVUL

   AMERITAS VARIABLE SEPARATE ACCOUNT VA-2
      4782 - Overture Annuity II
      4784 - Overture Annuity III
      4786 - Overture Annuity III-Plus
      4882 - Overture Acclaim!
      4884 - Overture Accent!
      4888 - Overture Medley!


                                       A-1