Web Address Changes For Connext And QoL Rapid Rater
As part of an update to Corbridge’s operating systems, the web locations for Connext and QoL Flex Term Rapid Rater have changed. If you bookmarked either of these sites, you would need to update your bookmarks by March 31 to ensure you are directed to the correct web address.
Read more…
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Access Corebridge’s Correct Term Conversion Forms By Product And State
A new function is available in Forms Depot to easily identify, access and order the forms required for Term Conversions by product and state. Please note: This process replaces the Term Conversion Kits (AGLC109537).
The online process will help ensure the correct forms are submitted, since the manual Term Conversion Kits contained forms that may not have been necessary for each type of case or state. Read more…
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Empower Women To Control Their Financial Future
March is Women’s History Month. It’s a good time to remember the unique financial challenges women face, and how life insurance can be part of their plans to better prepare for their future.
Did you know?
- 84 cents are earned by women for every dollar a man earns.
- 5.9 years is the average amount of time women outlive men.
- 2 of 3 of those suffering from Alzheimer’s disease are women
Start important conversations about these realities focused on women’s financial needs and concerns. Share compelling stats…
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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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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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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
All Disabilities Can Fit Into One Or All Of the Following Categories:
- Loss of Use – Presumptive: Permanent loss of eyesight, hearing or speech, use of hands and/or feet.
- Loss of Ability – Total: Inability to perform substantial and material duties of one’s regular occupation. Typical causes are heart attacks, stroke or back-related injuries.
- Loss of Income – Partial: Loss of income due to inability to do all duties, or ability to do some duties for less time or less effectively. Partial disability may result from conditions such as multiple sclerosis, cancer, arthritis, and diabetes.
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Carrier Incentives
Travel the World With Cenco!
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