Wave Of Fixed Annuity Maturities Looms
According to a recent Think Advisor Life & Health News article, a wave of fixed annuity maturities is looming that will free up MYGA assets that could be moved to new annuities.
- 2020 was a big sales year for MYGA’s including those with 5 year surrender periods.
- 5 years is now up.
- Typical available 5 year crediting rates were around 2% in 2020 vs. around 5% in 2025.
- The average MYGA sale in 2020 was $120,000.
- These surrenders could free up over $70 billion in MYGA assets that can be moved elsewhere.
- Policy owners will have a strong incentive to move their MYGA assets to much higher rates.
Don’t let this opportunity slip by without searching for annuity policyholders and contacting your annuity clients.
To learn more, contact your Cenco support team.
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Ameritas ClearEdge Living Benefits Term Life Insurance
Ameritas ClearEdge Living Benefits Term is an economical choice for people looking to provide the most protection for a competitive cost. Purchasing term life insurance is one of the easiest and most affordable ways your client can financially protect their family.
Many people put off buying life insurance because they think it costs too much, but they tend to significantly overestimate the price. ClearEdge Term Life Insurance can be an excellent choice for families during their critical growing years when incomes may be lower and needs can be very high. If your client is purchasing coverage for more than one person, policy fees will be cut in half, which helps make premiums even more affordable.
Your client can choose coverage to last for 10, 15, 20, 25 or 30 years. The premiums stay the same for the term that is chosen. As long as they pay the required premium, the death benefit is guaranteed to remain the same. At the end of the term, they can renew their coverage for another term – regardless of their health – however, their premium will increase each year.
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Help Your Clients Put Their Love Into Action
With Life Insurance
February is Insure Your Love Month – an ideal time to check in with your clients and review their coverage so their loved ones remain financially protected.
- Policy Review: Has your client’s coverage kept pace with career and family changes? Use the Policy Review tools to measure their current needs and adjust their policies as needed.
Start the conversation to show your clients that life insurance, like love, is a gift that can grow and strengthen over time.
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Good Things Come In $3
What can paying an extra $3 a day into an IUL policy premium do for your clients? It can turn into $400,000 of tax-free retirement income!
Help your clients see how paying the minimum amount of premium versus adding just a few more dollars a day could set them up for a brighter future.
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Industry Life Insurance Sales Are Up, Are Your Sales?
If not call Cenco to help you increase sales!
A January 31, 2025 FINSECA posted Insurance Newsnet headline: “2024 life insurance new premium tops $16B, sets new records, LIMRA says.”
The further story revealed the following for 2024:
- IUL new premium jumped 10% to $1.1 billion in the fourth quarter. Policy count grew 11% year over year.
- Term life new premium totaled $768 Million, 2% higher than prior year’s results.
Read the full article here.
Get yours, don’t let your competition get ahead of you. Contact Cenco or use our carrier, sales and website resources to stay ahead!
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New Accident Insurance In CA: Get More From Every Sale
Add more revenue from your clients with guaranteed-issue Individual Accident Insurance – now available in California. Get a fast easy product your middle-market clients need to help protect their budgets:
See how Accident Insurance can help you grow your sales.
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Coming Attractions Update
Soon we will be releasing a new modernized, more robust state-of-the-art producer website.
Some advantages will include:
- New more secure login procedure
- Even more agent resource features than before
- Improved mobile device readability
- Better internet security
Watch for more.
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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
The Business Owner Expense Answer
A BOE plan helps to keep the business in operation in the event the owner becomes disabled and couldn’t work for a period of time. BOE reimburses the business for all their fixed operating expenses, in order to keep the doors open while the owner recovers from an injury or illness.
This ensures there will be a business to come back to once recovered. If a major illness or accident prevents the owner from coming back to work, there will still be a business to sell that has not been depreciated because of the owner’s absence. Also, BOE allows for tax deductible premiums when insuring for the potential disability of the self-employed person.
Speak with your business owner clients today to see how you can help them protect the most important asset they have, their business.
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Carrier Incentives
Travel the World With Cenco!
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