Major Life Insurer Exits Market
American National Insurance Company (ANICO), founded in 1905, has decided to stop selling life insurance. Some are not surprised that following their acquisition by Brookfield Partners in 2022, ANICO stopped selling their Signature Term products in December 2022. While some life insurers are experiencing solid sales and growth, ANICO will stop selling life policies effective May 31, 2025.
Fortunately for those of you who may have used ANICO, Cenco has a stable of committed life insurers to help you offer your clients quality products designed to last. Read more detail…
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Transamerica’s Commitment To Help Keep Your Business Growing
Transamerica has repriced Trendsetter Super to help keep your term business running strong.
Here is what they are doing to give you, your agents, and your clients more competitive rates.
- Improved pricing on 10-, 20- and 30-year, Standard Nonsmoker and better.
- $500K – 999K/ ages 30-60
- $1M - $3M/ ages 30 – 50
Stay tuned for more information.
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Help Your Clients Take Steps Toward A Comfortable Retirement
Corebridge’s Social Security Action Planner offers valuable education, insights and action steps to help your clients better understand their options and how they might integrate their Social Security benefits with other sources of income.
Did you know?
- On average, Social Security will replace only 41% of annual pre-retirement earnings for a medium wage-order retiring in 2025.
- $395K is the estimated savings needed for a 65-year-old couple retiring in 2024 to cover the remaining lifetime healthcare costs.
- 37% of retirees “unretired in 2023 to increase income to cover essential expenses.
Read more…
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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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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
Protect Your Business And Protect Yourself
Chances are you already purchased home, auto and life insurance to protect yourself. What steps have you taken to help shield yourself, your business and those who count on you, from an unexpected loss of income? Would you be able to meet your financial obligations if you became disabled and unable to work for an extended period of time?
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Carrier Incentives
Travel the World With Cenco!
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