E & O Coverage Marsh is Best?

[SeniorInsuranceGuy]

For Life, Health and Equity Indexed and Fixed Annuities, Marsh has it for $595 annually for a $1 million $2 million policy if you pay in full. Paying monthly add $5 month plus they get 25% of the annual up front. With the additional $5 mo for bank draft and initial debit, it's about $55 yearly more, or $650 net out of pocket. I think I'll just pay the annual. Unlessssss.................Anyone know of any better?
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Answered my own question. NAPA (National Association of Professional Agents) has $1 million $1 million for $565 if you pay annual. It's the same $5 monthly fee if you go auto debit so another $60 or so annually if you choose that route. It also covers MA and MS plans along with Life, Health, DI, LTC, Fixed and EIA's. You do need to be a member but it is built in to their rate. Could not find anything lower in my search so far. "Napa has made sure your E&O Insurance is secured by an outstanding insurance company, Scottsdale Insurance Company, is rated A+ Superior by AM Best"
NAPA Direct E&O Insurance

 

[jdeasy]

For Life, Health and Equity Indexed and Fixed Annuities, Marsh has it for $595 annually for a $1 million $2 million policy if you pay in full. Paying monthly add $5 month plus they get 25% of the annual up front. With the additional $5 mo for bank draft and initial debit, it's about $55 yearly more, or $650 net out of pocket. I think I'll just pay the annual. Unlessssss.................Anyone know of any better?
- - - - - - - - - - - - - - - - - -
Answered my own question. NAPA (National Association of Professional Agents) has $1 million $1 million for $565 if you pay annual. It's the same $5 monthly fee if you go auto debit so another $60 or so annually if you choose that route. It also covers MA and MS plans along with Life, Health, DI, LTC, Fixed and EIA's. You do need to be a member but it is built in to their rate. Could not find anything lower in my search so far. "Napa has made sure your E&O Insurance is secured by an outstanding insurance company, Scottsdale Insurance Company, is rated A+ Superior by AM Best"
NAPA Direct E&O Insurance

I use Calsurance, $1 mil/1 mil. for $475/yr.

 

[SeniorInsuranceGuy]

I use Calsurance, $1 mil/1 mil. for $475/yr.

Does it cover annuities? Fixed and EIA's? That seems to be the difference. I've seen E&O in that price range but if you add annuity coverage it adds $90 annually or so. NAPA has the same for $475 but no annuity coverage. I'll check CalInsurance. I actually found my current plan by reading this board, which I appreciate, and saved $150 or so annually. CNA is the backing company.

 

[jdeasy]

Does it cover annuities? Fixed and EIA's? That seems to be the difference. I've seen E&O in that price range but if you add annuity coverage it adds $90 annually or so. NAPA has the same for $475 but no annuity coverage. I'll check CalInsurance. I actually found my current plan by reading this board, which I appreciate, and saved $150 or so annually. CNA is the backing company.

Here's what my coverage statement says;

Coverage is provided for the sale and/or servicing of; Life [other than varible life insurance products], Accident & Health, Long Term Care, Disability Income, Medicare Supplement and fully insured Group Life, A&H or Disability; but not including Group or ordinary Pension or Profit Sharing Plans, Individual Tretirement Accounts, Keough Plans, 401[k] or 501. No coverage is provided for the following products; 412 Plans, 419 Plans, Multiple Employer Welfare Arrangements[MEWAs].