Help Clients Concerned About
Stock Market Volatility
Do you have clients who want more upside potential but are concerned about stock market volatility and the impact of a potential recession on their retirement? A Power Series Index Annuity can provide:
- 100% principal protection with no loss of principal or interest earned due to market volatility.
- Upside growth potential based on the performance of equity and hybrid indices.
- Guaranteed income for life even in a flat or down market.
Read more...
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Transamerica First-Quarter Operational Updates
You Asked, Transamerica Answered: Phone Line Routing Improvement
Transamerica recently improved their phone line experience when you call them for assistance. Now, once agents provide their agent ID, they have more options to choose where they want to be directed. This reduces unnecessary hold times by making sure they are routed to the right queue from the start.
Easier Access To The Most Requested Forms
For applications submitted with outstanding requirements, they have started emailing links to the most requested forms, like underwriting, arthritis, diabetes, heart disease and payment authorization forms.
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Must Haves Vs. Nice To Haves
AIG’s sales idea shows how affordable financial protection is vs. another common monthly expense. It also asks a tough question; what’s most important in life and do your monthly expenses reflect that? Show your clients that life insurance is less expensive than they think and discuss how it can help protect their family until retirement, pay off a mortgage, or cover the cost of college. Read more…
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Corebridge/AIG Customer Portal Offers Easier Access To Self-Service
Their customer portal was completely overhauled last year to provide policy owners with easier online access to their policies and help them initiate and manage service requests, pay premiums and make policy changes at their convenience, 24 hours a day. Share the client flyer to help them get started…
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Smart Moves With QoL Flex Term NEW Rates!
As of February 21, 2023, QoL Flex Term has been repriced in all states where it is sold. Over 95% of cells have lower premiums with an average decrease around 4%. The lower rate can be seen across all bands.
Face amounts $500,000+ have Top 2 ranking in 99% of the premium cases versus term products with living benefits. Read more…
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Annuity Corner
Save Your Clients Money With Guarantees
CDs are popular for those wanting a safe, low-risk way to save money. A posted 10/22 Bankrate average for a 3-year CD was .98% and is income taxable. A 3-year Multi-Year Guaranteed Annuity (MYGA) offers 4.7% and is not currently taxable. Which one would be better for your client?
Help strengthen your client’s relationship with you. Check the rates below and contact Cenco for the most current rates for any available time periods. Your clients will be glad you did, and so will you.
Don’t miss the chance to solidify your client relationships with the best MYGA rates including
some recently updated California rates:
- A Top 2-year rate – 4.45%
- A Top 3-year rate – 4.90%
- A Top 4-year rate – 5.05%
- A Top 5-year rate – 5.40%
- A Top 6-year rate – 5.25%
For more information and carrier details contact your Cenco support team.
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DI Did You Know
Avoid the “Sticker Shock” With Disability Income Sales
The general rule for the amount a client should spend on their Income Protection plan is 3% or less of their annual income. To keep premiums low:
- Adjust both the Benefit Amount and Elimination Period
- Lower the Benefit Period
- Create a mixture of Base Benefit and Social Insurance Supplement coverage
- Choose only the riders that will benefit a client.
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Carrier Incentives
Travel the World With Cenco!
Stay tuned for more carrier incentives.
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