Transamerica Is Poised To Return As A Serious Player For Life Insurance Sales
Transamerica is hiring 800 new employees in Cedar Rapids to take back their outsourced operations model. At the same time, they are taking more steps to improve their product portfolio
and they are increasing the maximum Critical Illness living benefit from $500K to $1.5 million for new claims on all new and inforce IUL policies, allowing clients to access a greater portion of their death benefit. In addition, they are updating surrender charges and per unit charges to improve early year cash value accumulation. Read more on FFIUL…
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ONLY 9 DAYS LEFT TO SUBMIT ANY NEW
ACCORDIA APPLICATIONS OR TERM CONVERSIONS!
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Accordia/Global Atlantic Suspends Life Product Sales
Effective July 1, 2023, Global Atlantic will be suspending sales of their index universal life products that are issued by Accordia Life Insurance Company. For more information check out this link…
As many of you know, while Accordia has reduced its life sales market share, Cenco and many former Accordia agents continue to prosper because Cenco has continued to offer alternative insurers and products to fit agent’s needs and fill in any product gaps caused by insurers like Accordia changing direction. We sometime refer to this as “Cenco’s Agent Safety Net”. Please call us with any questions at 916/920-5251.
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Great News About QoL Max Accumulator+ III
After the AG 49A revision, many of our competitors saw a substantial loss in illustration potential under the new regulation. QoL Max Accumulator+ III was designed to perform well in all scenarios, not just the illustrated scenario, therefore it was minimally impacted. See Corebridge Financial’s improved competitive position…
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Forms Depot Has A New Look To Reflect
Corebridge Financial
Corebridge Financial is continuing to update their materials and resources to reflect their transition from AIG Life and Retirement to Corebridge Financial.
As part of this effort Forms Depot, their forms and collateral repository, will soon be updated with a new logo, colors and artwork to reflect their new Corebridge identity. Although the site’s colors and design elements will change, the features, functionality and navigation will remain the same. Read more…
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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…
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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
Do You Hesitate To Present Disability Income Insurance To Your Clients?
Many agents avoid selling Disability Income (DI) because it can seem harder to explain than life insurance and underwriting can require more information.
However, when you offer DI to your clients you can end up with:
- Multiple products per client, thus enhancing your status with your clients
- A DI sale, when there is no life sale, is or can be made
- Much more in renewal commissions, up to 22%
For more information contact Cenco.
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Carrier Incentives
Travel the World With Cenco!
Stay tuned for more carrier incentives.
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