A new program provides low-cost E&O insurance to life and health insurance agents nationwide. According to the program sponsor the American Association for Critical Illness Insurance agents can also save because the organization continues to waive membership fees for 2012.
“The E&O program is available in all states and offers extremely competitive premiums for agents who can successfully answer eight simple online questions,” explains Jesse Slome, executive director of the trade organization. The association’s sponsored E&O product provides a $1 million limit of liability for each claim with a $1,000 deductible per-claim.
Coverage under the program is also available for new agents with options for agencies and their staff. “We are committed to helping to build critical illness insurance sales in the United States,” Slome declares, “as a result, we are continuing to offer free membership to insurance agents and brokers who wish to learn more about marketing and selling critical illness insurance protection.”
Open enrollment for the group policy has started with premiums for the full year of coverage starting at $515. “An agent can sign up at any point for coverage and will pay the pro-rated premium which can be as low as $103,” Slome explains. The program offers instant online approval and certificates are immediately available. “The program even accepts credit card payments, ideal for those who like to accumulate points,” Slome adds.
For additional information call the Association at (818) 597-3205 or visit their website http://www.criticalillnessinsuranceinfo.org/eo to access free online consumer information guides.