Low-Cost E&O Insurance Now Available

A new, low-cost E&O (Errors and Omissions) protection program for insurance agents and brokers is now being offered through the American Association for Long-Term Care Insurance.

According to Jesse Slome, executive director for the organization, the cost for $1-million per-claim is $510-per-year which includes all fees and applicable taxes. 

Coverage covers life and health insurance sales including long-term care insurance with options available for producers offering annuities and equity indexed annuity contracts.  Covrerage is available to producers in all states. 

Payment can be made by credit card on a monthly, quarterly or annual basis.   The online application takes between five and eight minutes and asks only eight underwriting questions.  Those who are accepted will receive an immediate certificate acknowledging their approval.

For more information including pricing, options and the online application visit the Association’s website: http://www.aaltci.org/ltc-marketing/eo.

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