Cenco eNews
Helping Agents Succeed Since 1978
May 31, 2023

June Is National Annuity Awareness Month, Is Your Clients’ Income Guaranteed?

June marks the beginning of National Annuity Awareness Month and is a great time to educate your clients on the benefits of annuities.

Annuities can be an integral part of your clients’ long-term retirement planning strategy, providing direction to help them overcome unnecessary risks and important optional benefits that help them to protect their financial future. Annuities offer guaranteed death benefits and payment options to help meet retirement income needs. A key step in planning for retirement is to put strategies in place that maximize guaranteed income. Stay tuned for more information on annuities in the coming weeks…

Income For Life Rider On The QoL Max Accumulator+ IUL III

The Income for Life Rider is an innovative feature that offers guaranteed income when there is cash value in the policy.  The ability to lock in a guaranteed income stream may be very attractive for those in retirement or nearing retirement.

After activating this feature, the guaranteed income stream will never decrease – even in the face of declining values elsewhere – and the policy will retain a life insurance benefit, a feature other guaranteed income instruments may not provide.  Contact Cenco for more information.

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…

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…

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

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.

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.

Carrier Incentives

Travel the World With Cenco!

Stay tuned for more carrier incentives.
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Contact the CENCO TEAM:
Cathy MartinBrianna Solano, and Shelli Welch, CA license #0C78343

Cenco Insurance Marketing Corporation, CA license #0561429
1501 El Camino Ave, Suite 1
Sacramento, CA 95815

Phone: (916) 920-5251
Toll Free: (800) 45-CENCO
Fax: (916) 920 8734

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