More Smart Moves With
NEW QoL Flex Term Rates
Effective May 22, 2023, QoL Flex Term is now repriced in all states where it is sold. There are no premium increases, and almost 70% of cells have lower premiums with an average decrease of roughly 2%. The lower rates can be seen across all bands!
- Face amounts $500,000+ remain strong
- Low monthly modal factor of 8.45%
- Agile Underwriting+
- Rated Case Advantage – Offers some of the very lowest premiums among leading carriers for rated cases leveraging Special Class
Check out the Transition Rules…
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Longer Life Spans Equal Growing Retirement Needs
While income can be expected to shrink in retirement, longer life spans can translate to growing retirement expenses. It’s estimated that a healthy 65-year-old adult retiring in 2022 will need $315,000 to cover their healthcare expenses going forward.
Life insurance can help your clients unburden their families from end-of-life expenses or complement their savings with the cash value of their policy, providing additional sources of income to complement their retirement savings. Start a conversation with the Retirement Infographic…
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Corebridge Financial/AIG Tips For Temporary Coverage With LTLIA
The Limited Temporary Life Insurance Agreement (LTLIA) is a valuable option available to your clients that provides temporary coverage for eligible applications during the application process.
See the LTLIA Guide for details, more tips and an FAQ to help ensure your clients take advantage of this valuable coverage.
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Get The Most From Your Cenco Website
Your Cenco website can be a powerful time saving and money-making tool for you, with a wealth of resources specifically designed to improve your sales.
Among many other things you can:
- Quote multiple life insurers
- Submit applications online for multiple insurers
- Conduct underwriting searches
- Look up product details for multiple insurers
And much more, too much to describe here. Check it out at www.cencoinsurance.com
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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 – 4.60%
- A Top 3-year rate – 5.00%
- A Top 4-year rate – 5.05%
- A Top 5-year rate – 5.25%
- A Top 6-year rate – 5.30%
For more information and carrier details contact your Cenco support team.
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DI Did You Know
May Is Disability Insurance Awareness Month
Reality Check. Many people are nervous about flying. Some travelers have such anxiety about flying that they need medications just to board a plane. The Cleveland Clinic says research suggests about 25 million adults in the U.S. have some level of Aerophobia.
Interestingly, the odds of a client becoming disabled during their working career (1-in-4 chance) are much greater than the odds of being in an airplane accident (1-in-1.2mil chance). Yet so many Americans don’t have disability income insurance.
Clients who are playing the odds with their future and putting their entire lifetime earnings on the line are taking a big risk. Disability income insurance protects your clients’ paycheck – replacing a portion of one’s income if a disability event occurs.
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Carrier Incentives
Travel the World With Cenco!
Stay tuned for more carrier incentives.
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