Cenco Insurance Marketing Corporation
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Cenco eNews
March 30, 2021
Global Atlantic's Accelerated Access Living Benefit Rider Is Now Available in CA

The Accelerated Access Living Benefit Rider is available on all three of Accordia's products, Lifetime Builder IUL ELITE, Lifetime Foundation IUL ELITE and Global Accumulator IUL. Living longer may mean that your clients will need more financial protection for them and their family. Global Atlantic's Accelerated Access Rider provide them protection when they need it the most - when the unexpected happens. The Accelerated Access Rider provides an optional living benefit of a life insurance policy that allows early access to a portion of the death benefit if the insured becomes chronically or critically ill. Read more...

AIG Partners Group Pays $7.4 Mil In Bonuses For Life Production!
One of the best kept secrets in the life business may be the QoL Bonus program that AIG Partners Group offers its agents for life production. AIG Partners Group paid $7.4 Million In Bonuses For 2020 Production! This is even more impressive when considering how COVID negatively impacted 2020 life sales throughout the industry.

We are told that between 2019 and 2020, over $15 Million was paid out. If you are not producing with AIG Partners Group you may be leaving a lot of money on the table. To find out how you can get your share, call Cenco for details and check out the Your 2021 QoL Bonus flyer.

AIG's Non-Med Expansion With Twice The Product And Face Amount!
They have doubled up on their non-medical underwriting offering and expanded it on their protection focused IUL and doubled the face amount from up to $500K to $1Mil. With easy non-medical underwriting on qualifying cases, it's simpler and faster than ever.

  • Strong straight through processing rate, with over 80% of non-med cases approved without exam/labs.
  • Quick decisioning time with nearly 75% of non-med cases approved in 5 business days or less.

With more people headed towards retirement, the importance of retirement readiness has never been greater. And when planning for a retirement future, cash value accumulation and protecting what your clients have already saved is vital.

Your clients can get a healthy balance of both with QoL MaxAccumulator+ II. It offers strategies and features for more cash value and income potential while protecting against market loss. And it's faster and easier to acquire, thanks to non-medical underwriting.

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: Put The Power Of Lifetime Income Choice To Work For Your Clients!
A Power Series Index Annuity issued with the Lifetime Income Choice guaranteed living benefit rider provides high initial withdrawal rates of up to 7.25% (ages 72+, single life) under the Max Income option.

The high withdrawal rates offered by Max Income would allow clients to use less money than, for example, what a traditional "5 for life" strategy would require to generate the income they need for retirement. This means clients get MORE from less leaving clients more assets available. Download and share this idea...

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


For Producers Use Only. Not for use with clients