Cure UL and IUL Crediting Rate Shock!

Cenco eNews

Helping Agents Succeed Since 1978
May 3, 2022

Cure UL and IUL Crediting Rate Shock!

Are recent and upcoming increases in UL and IUL crediting rates a concern for you or your clients?

After experiencing lower crediting rates or increasing COI’s on UL and IUL policies and to avoid having to apologize in the future, many agents are moving back to Whole Life (WL) for some of their more conservative clients.

Whole life offers the benefits of totally guaranteed premiums and guaranteed cash values plus increased death benefits and cash values due to dividends. Plus, WL offers the secure feeling benefit, that premiums are guaranteed not to mention non-forfeiture provisions and premium reduction options not available on UL and IUL products. For those agents and clients wanting a top performing WL product, Cenco has the answer with WL products from some of our competitive carriers. One of the best, if not the best in many situations is Ameritas Life. Take a look at these comparison charts for Ameritas Life Access WL, Ameritas Life Growth WL and Ameritas Life Value Plus WL versus some of the leading WL insurers.

Contact Cenco for these and more Whole Life options.

AIG’s Income For Life Rider Updated To Be More Competitive

Effective April 30, rates in WinFlex for the Income for Life Rider on QoL Max Accumulator+ II IUL policies will be updated to improve annuity factors and adjust the one-time activation charge for select ages. As a result, the guaranteed income from the rider will increase by an average 15% for issue age 35-55 if the rider is activated before age 80. Read more…

Your Client’s Short Term Savings Rate Opportunities Just Increased!

Again, with recent fully taxable money market rates at less than 1% and the best CD rates not much better, your clients can get guaranteed rates of 3.1% for 3 years, 3.4% for 5 years and 3.6% for 7 years, guaranteed and tax deferred! That can be more than double or triple what they may be earning now on their short-term savings.

Contact Cenco for the latest in available interest rates.

The Ameritas Value Plus Survivor Index Universal Life Product Is Now Available in California

Ameritas Value Plus Survivor Index Universal Life Insurance provides affordable death benefit protection for two people that can provide financial resources for their beneficiaries. It also has the potential to grow cash value they can use during their lifetime, as well as living benefits that are available for the surviving insured. Read more…

Cenco DI News

As in prior eNews we launched our first new Cenco DI News edition last week and in the future plan to continue with semi-weekly releases. The next edition will feature a brand new Cenco exclusive white paper focused on increasing DI awareness and client sales for all agents, whether new, familiar with or experienced with disability income insurance.

In the meantime don’t forget that “nearly 50% of all individuals 35 or younger will be disabled for 90 days or longer prior to age 65.”

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Contact the CENCO TEAM:
Cathy Martin, Brianna Solano and David Bennis

Cenco Insurance Marketing Corporation
1501 El Camino Ave, Suite 1
Sacramento, CA 95815

Phone: (916) 920-5251
Fax: (916) 920 8734
www.cencoinsurance.com

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Cenco Insurance Marketing Corporation · 1501 El Camino Ave., Suite 1 · Sacramento, CA 95815 · USA