Cenco eNews
Helping Agents Succeed Since 1978
April 16, 2024

Managing When and
How You Are Taxed

There are many ways your clients can set aside money for retirement. How they allocate their money may help enhance their retirement distributions by adjusting how and when they are taxed.

Walk your clients through The Tax Dilemma flyer to help them see if adjustments can help provide greater control of the taxes they pay.

Protective Indexed Choice UL – An IUL That Delivers What’s Expected

Insurance regulations are being scrutinized in hopes to curb the often unrealistic rates IULs promise. That’s because the probability of them performing like the illustration outlines could be unlikely – even though interest bonuses and multipliers may look great on paper. Instead offer an IUL that’s different by design – Protective Indexed Choice UL. Read more…

See How Easy Transamerica Life Illustrator Is To Use

MyTransWare will be decommissioned on April 26, and any saved quotes or illustrations will no longer be accessible or available after April 26. To continue providing your clients sleek, streamlined illustrations and quotes that are easy to understand and customizable to individual needs, use Transamerica Life Illustrator. It offers a personalized experience that goes above and beyond. Read more…

Anti-Money Laundering Training Guidelines and FAQs

Companies that provide life insurance and annuity products are required to integrate financial professionals into their Anti-Money Laundering (AML) programs and to provide ongoing training every two years dating back to the last date of AML training completion.  
Note: AML training is not required for the sale of Select-a-Term or QoL Flex Term life insurance policies.  Read more…

SimpliNow Choice - Your Ticket to Instant Decision

The SimplliNow Choice platform can deliver an instant decision on our existing, fully featured QoL Flex Term. Plus, you can access ALL underwriting submission paths in the same session, including our client completion path. Read more…

To All Corebridge Life Producers

As many of you are aware, Corebridge has been implementing a new and improved admin system over these few weeks.  During the transition, Connext is experiencing intermittent outages.  For those of you wanting to do an e-App when Connext is down, don’t forget you can always do the same iGo application by logging in to Cenco’s website and selecting “Start an e-App” or also when using “Get a Quote”.
Check Out the Cenco Website At And Submit Your e-Applications for Multiple Insurers.

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 – 5.15%
  • A Top 3-year rate – 5.25%
  • A Top 4-year rate – 5.30%
  • A Top 5-year rate – 5.55%
  • A Top 6-year rate – 5.40%
For more information and carrier details contact your Cenco support team.
MYGA Rates Are Increasing! 
Call Cenco For More Information at (916) 920-5251

DI Did You Know

DI – A Big Opportunity For Advisors

According to the Life Insurance Marketing and Research Association (LIMRA), 52% of Americans own life insurance but ONLY 14% own disability insurance.

This creates an amazing opportunity for Advisors!  DI is most-likely undersold because clients don’t know much about it. However, once a client realizes that life insurance pays benefits to beneficiaries while DI pays benefits directly to the client, DI should be an easy sale.

Carrier Incentives

Travel the World With Cenco!

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Contact the CENCO TEAM:
Cathy Martin, 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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