Cenco Insurance Marketing Corporation
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Cenco eNews
March 16, 2021
Coming Soon - Global Atlantic Accelerated Access Rider Available in California

Global Atlantic is excited to announce that the Accelerated Access Rider in now approved in California and will be available for sale soon. If you missed out on the March 10th Accelerated Access Rider overview, then Watch the Replay NOW!

Webinar #1 (Replay) - Wednesday, March 10, 2021 at 11:00 A.M. PT Key Topics:

  • The types of conditions that trigger rider benefits.
  • How the benefit payments are calculated.
  • A comparison of Global Atlantic's approach to living benefits and others available in the marketplace today.

Webinar #2 - Thursday, March 18, 2021 at 11:00 A.M. PT Key Topics:

  • California state requirements for selling accelerated benefit riders.
  • What paperwork you and your clients will need to complete as part of a new sale.
  • Requirements for an eligible inforce policy owner to add the rider to an existing policy.

The Save Age Option: Back-Dating For A Better Premium
AIG's products use "age nearest" underwriting. This means the premium is determined by the applicant's age on the birthday that is nearest to the policy effective date.

In some cases, this means the premium will be based on an "issuance age" for your client that is 1 year older than their actual age - resulting in a higher premium. This is where Saving Age can help reduce the premium: The Save Age option allows you to backdate a policy by up to 6 months. Check out the Saving Age Flyer for more details.

Annuity Tip Of The Week: 3-Year MYGA Rate Increase!
American Life is increasing the rate on the limited distribution American Classic MYGA 3 to 2.4% on 3/15/21. This is now the highest rate on a 3-year chassis available today and certainly something you will want to offer to your clientele. Highlights of the American Classic MYGA include:

  • 2.4% Effective Yield with Loyalty Bonus
  • 2.25% Base Rate
  • 10% Free Withdrawal Available
  • 1.5% Commission
  • B++ Rate Carrier
This rate is sure to attract the attention of potential clients as we head into CD Renewal season so you will want to ensure you have access.

Contact the CENCO TEAM:
Erik Sjolie, Cathy Martin and Brianna Solano

Cenco Insurance Marketing Corporation
1501 El Camino Ave, Suite 1
Sacramento, CA 95815

Phone: (916) 920-5251
Fax: (916) 920 8734


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