Assurity Protects Retirement Goals With This
Add an additional layer of protection for your retirement-focused clients with powerful Critical Illness Insurance – helping them avoid reducing their death benefits and protecting their IUL policies.
Leverage Critical Illness features like:
- Simplified underwriting up to $75,000
- 11 covered conditions
- Multi-benefit payout on each covered condition with a 6-month separation
- Competitive commissions and renewals
Get the sales idea…
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Add Value With This New Approach
Stand out in a crowded market and make more sales with bundled 3-in-1 coverage for life, critical illness and income protection. In less than a minute, See how Life Protector+ gives you a new value-adding approach to term life sales with the same instant decision you love.
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Coming Attractions
Watch your upcoming Cenco eNews for exciting website and producer support enhancements designed to improve your practice, including additional products and improved website tools and security.
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Tackle The Top Reason Consumers Don’t Buy Life Insurance
A whopping 50 percent of Americans say they do not have a life insurance policy. Corebridge can help you close the “coverage gap”.
The number one reason consumers have for not buying life insurance is that it’s too expensive and yet, only 11 percent could correctly identify the monthly cost for a term policy.
When you show your clients the actual costs of a daily cup of coffee compared to life insurance, you can help debunk the myth. Conversation starters can help you discuss how affordable financial protection is vs. this common monthly expense. Debunk the myth…
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iPipeline and LifePipe Selections Changing
Effective Wednesday, September 25, the iPipeline and LifePipe product selection, QoL Flex Term (New Submission Platform) will change to QoL Flex Term (SimpliNow Choice). SimpliNow Choice includes multiple instant lab-free decision options from a ticket along with other submission options.
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FIA and FA Crediting Rate REDUCTIONS “Changes” Reminder
In last week’s eNews, we alerted you to likely impending changes in MYGA and FIA crediting rates. Sure enough, during the past week we saw rate “change” notices from several carriers, where not only fixed rates were reduced but also reductions in caps and participation, some with very little notice. On top of this there was the stock market volatility.
We cannot predict when and what the next group of changes may occur. But in any case, this is still a perfect time to talk to your active and prospective clients about the unique value annuities provide for future savings, especially the downside protection offered by both FIA’s and FA’s.
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Urgent – Should Annuity Producers Act Now? Important Impact News For All Annuity Producers
For the past few years, the interest rate environment has allowed our insurance carrier partners to offer historically high rates on both FIA and MYGA products. FIA performance has also benefited from generally modest level of market volatility. These factors have contributed to producers experiencing higher annuity sales volumes.
Among other factors, the 10-year Treasury yield is down almost 100 basis points from its peak this year and down more than 50 basis points in the last two weeks alone. The VIX Index, one indicator of potential market volatility, is currently more than double its average 2024 level. All these factors combine to cause significant downward pressure on annuity rates.
We are expecting that annuity insurance carriers will move quickly to reflect the current economic realities, with very short transition windows affecting MYGA, FIA and RILA rates and crediting plus GLWB roll-up and income factors.
We urge you to plan now to contact any clients where annuities should be part of their portfolio and to not hesitate to suggest they consider acting quickly. Contact your Cenco annuity team to help.
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Check Out the Cenco Website At www.cencoinsurance.com And Submit Your e-Applications for Multiple Insurers.
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DI Did You Know
Use These Conversation Starters To Engage Your Client About Disability Insurance
- How would you protect your income should you be unable to work due to illness or injury?
- How much do you have in savings?
- Do you have enough set aside to make ends meet for several months if you are off work?
- Where will the money come from when your savings runs out?
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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 – 4.65%
- A Top 3-year rate – 5.10%
- A Top 4-year rate – 4.85%
- A Top 5-year rate – 5.20%
- A Top 6-year rate – 5.25%
For more information and carrier details contact your Cenco support team.
MYGA Rates Are Decreasing!
Call Cenco For More Information at (916) 920-5251
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Carrier Incentives
Travel the World With Cenco!
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