Cenco eNews
Helping Agents Succeed Since 1978
July 26, 2022

Hot New IUL Upgrades
Now Available

Help your clients reach their financial goals with AIG’s shiny new QoL Value+ Protector III  and QoL Max Accumulator+ III.
AIG’s flagship protection and accumulation IULs are more attractive than ever to help your clients protect their loved ones, prepare for the unexpected and supplement retirement.

Check out the latest upgrades and changes
  • Improved target premiums and product performance
  • New proprietary index option
  • New Return of Premium Rider on QoL Value+ Protector III
  • Updated interest crediting rates and cap/par rates (new business and in-force)
The QoL Max Accumulator+ III’s new version is not available in California currently.  For more information read the bulletin…

The Wait Is Over! New eApp for Transamerica Financial Foundation IUL!

To help turbocharge your business, FFIUL is now available on iGo eApp.  

LIMRA Announces Non-Variable Annuity Sales Climb 45%

Sales of U.S. individual non-variable contracts increased 45% between the second quarter of 2021 and the latest quarter, to $52 billion, according to new issuer survey data from LIMRA.  Sales of all U.S. individual annuities rose 14%, year-over-year, to $78 billion.

Todd Giesing, an assistant vice president with the LIMRA Annuity Research unit, said in a comment, included in the results announcement, that stock market volatility and higher rates make traditional fixed-rate deferred annuities especially attractive.

“Our research shows fixed-rate deferred annuity manufacturers are, on average, offering interest rates more than four times that of a bank CD,” Giesing said.  Sales of multi-year guaranteed annuities and other traditional fixed-rate deferred annuities soared 76%, year-over-year.

Time Is Running Out! 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 – 3.40%
  • A Top 3-year rate – 4.10%
  • A Top 4-year rate – 4.15%
  • A Top 5-year rate – 4.25%
  • A Top 6-year rate – 4.25%
For more information and carrier details contact David Bennis or any of your Cenco support team.

DI Did You Know

What If Your Client Were To Become Disabled?

A 35-year old with an annual salary of $50,000 with 3% raise each year who experiences a permanent disability may lose up to $2,625,138 in potential earnings by age 67.  Without a plan in place to protect that potential, your client is exposed to an enormous amount of risk.

Watch for our next Cenco DI News on Upgraded and Enhanced DI Only For Small Business Owners!

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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