Cenco eNews
Helping Agents Succeed Since 1978
June 14, 2022

HUGE AIG Income Improvements and Rate Increase!

Effective today, AIG will dramatically improve the income generating capability of the Power Select Plus Income annuities.  
  • Payout factors on both the Lifetime Income Plus Flex and Lifetime Income Plus Multiplier Flex riders will increase in nearly all age categories.
  • The rollup rate on the Lifetime Income Plus Flex rider will increase from 7% to 10%.
In addition, crediting rates are improving on nearly all strategies across the entire Power Select product series, including Builder.  Check out the current rates…

AIG’s AML Training Requirements Updated To Allow 2-Year Renewals

Effective immediately, Anti-Money Laundering (AML) training requirements for AIG Life & Retirement have been updated to allow for training renewals every 2 years.  Previously, proof of AML training was required annually.  Read the Bulletin…

Grab Your Stash of Summer Cash!

Agents can earn $500 for every 5 paid policies, with up to $25,000 in cash bonuses available per agent. Clients get the fast affordable term life insurance coverage they need, and agents get a little something extra too. Clients apply with no medical exam, no waiting around, and no case management required. Offer ends on 7/31/2022 so don’t miss out!

Contact Cenco for more information.

It’s True - Protective Repriced Again!

Protective is excited to announce they have lowered their Protective Classic Choice term prices once again.  And with longer term periods, more flexibility and faster technology, they are also making short-term business easier and more innovative.  Read more…

Annuity Corner

MYGA Rates Keep Rising!  Don’t Miss Out!

Help your clients safeguard their savings and investments:
  • With some bank CD and money market taxable interest rates near 1% or less and
  • The stock market dropping, the rush for safety is starting again
Help save your client’s savings with MYGA’s (Multi-Year Guaranteed Annuities). Some recently updated California rates include:
  • A Top 2-year rate – 2.85%
  • A Top 3-year rate – 3.50%
  • A Top 4-year rate – 3.65%
  • A Top 5-year rate – 3.85%
  • A Top 6-year rate – 4.00%
For more information and carrier details contact David Bennis or any of your Cenco support team.

The Newest and Best Wines Paired with The Best In DI, Life, and Annuities

Don’t Forget To Check Out Our High Caliber Meeting on June 21, 2022. Only 4 seats left. Register Now!

DI Did You Know

Sell DI To Grads With A Student Loan Rider

It’s June and graduation season is just around the corner.  With a flood of new college graduates entering the workforce, you could see many new prospects and potential clients for disability insurance.

A recent article in Forbes reports that the total U.S. student loan debt is approximately $1.7 trillion.  With so much student debt, a student loan rider can be a great selling point for disability insurance.  Platinum Advantage from The Standard and DInamic Foundation from Ameritas both have student loan rider options.  These riders can help cover student loan payments if an insured becomes disabled and unable to work.

Carrier Incentives

Travel the World With Cenco!

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Contact the CENCO TEAM:
Cathy MartinBrianna Solano and David Bennis

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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