Cenco eNews
Helping Agents Succeed Since 1978
June 21, 2022

Coming Soon:  New Rates For Trendsetter Super

Transamerica wants to give you a sneak peek of their next reprice before the official announcement on Friday, June 24.  Here’s what they are going to give you, your agents and your clients more competitive rates for Trendsetter Super.  Premiums across the portfolio will either decrease or remain the same.  There will be no rate increases.  This new pricing will take effect June 25, 2022.  Read more…

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…

Consumers Now Want Life Insurance and Annuities.

“Clients Could Swarm On Life And Annuity Products With Benefit Guarantees Like Ants On A Candy Bar That Fell Under The Picnic Table!” This quote comes from a recent Think Advisor article.  It projects that consumers will flock to financial products that can protect them against further market fluctuations. Then when stocks lose value, index products will help them potentially share in any gains that happen when stocks and bonds go back up.

This may be one of the biggest calls to action for agents to engage and re-engage with prospects and clients in what may be a once in a half century opportunity.  

Fortunately, Cenco has everything you need to take advantage of this unique opportunity.  Contact us soon!

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.

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.

DI Did You Know

  • 90% of all LTDs are caused by illnesses rather than accidents.
  • 68% of U.S. employees live paycheck-to-paycheck, without enough savings to cover living expenses during a disability.
Watch for our next Cenco DI News about an ROP and Cash Value DI Product

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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