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Cenco eNews
Helping Agents Succeed Since 1978
June 28, 2022

Transamerica’s New Reprice Keeps Your Business Competitive

On June 25, 2022, Transamerica rolled out another reprice for Trendsetter Super.  It is part of their ongoing commitment to keep your business competitive throughout 2022 and help provide more accessible protection for your customers. Read more…

HUGE AIG Income Improvements and Rate Increase!

AIG has dramatically improved 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 increased in nearly all age categories.
  • The rollup rate on the Lifetime Income Plus Flex rider increased from 7% to 10%.
In addition, crediting rates improved 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!

More Care: 2X To 3X More Money For Qualified LTC Expenses

ForeCare Fixed Annuity with Long-Term Care benefits combines the traditional features of fixed annuities with additional benefits available for qualified long-term care (LTC) costs.  These long-term care benefits can offer your clients a simple way to help address the most serious threat to their retirement savings – the high likelihood of needing long-term care services.  See how it works!

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 – 3.50%
  • A Top 3-year rate – 3.90%
  • A Top 4-year rate – 4.10%
  • A Top 5-year rate – 3.75%
  • A Top 6-year rate – 4.30%
For more information and carrier details contact David Bennis or any of your Cenco support team.

DI Did You Know

  • 66% of all US bankruptcies are tied to medical issues.
  • 52% of Americans own life insurance but ONLY 14% (down from 31% in 2012) own disability insurance.
Watch for our next Cenco DI News on Who Writes What In Disability Income.

Carrier Incentives

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Contact the CENCO TEAM:
Cathy Martin, Brianna 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
www.cencoinsurance.com

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