E&o for Less, Anything Good to Say About Them.

[allstock]

Just like the title says, wondering if anyone has experienced their coverage? Thnx

 

[DHK]

I hope NO ONE "experiences" their E&O coverage. That being said - they are a forum sponsor with their own sub-forum.

One aspect I do like is they'll cover you regardless of the amount of income you earn. Others have tiered income where the more you earn, the more you pay.

 

[Josh]

They're inexpensive and easy to get.

 

[Newby]

Just like the title says, wondering if anyone has experienced their coverage? Thnx

I've used them for years. Simple to sign up. No claims experience.

 

[allstock]

I hope NO ONE "experiences" their E&O coverage.

Lol, poor choice in words on my part.

Seems like a good company then. I'm pretty green to the actuarial sciences, but have experience in the rate of return world. I do find quite a few differences and some basic commonalities. I'm assuming as a broker that my choice in carrier is purely up to me and not my independent firm, am I safe to think this way? I'm aware this is a question that I should be having at the office, but things are a rumbling and we are going through some changes. Those including career and broker contracts; people going and staying- that type of drama. Just wanted to gleam off experiences here.

Any advice is welcome. Thank you

 

[Cash]

Lol, poor choice in words on my part.

Seems like a good company then. I'm pretty green to the actuarial sciences, but have experience in the rate of return world. I do find quite a few differences and some basic commonalities. I'm assuming as a broker that my choice in carrier is purely up to me and not my independent firm, am I safe to think this way? I'm aware this is a question that I should be having at the office, but things are a rumbling and we are going through some changes. Those including career and broker contracts; people going and staying- that type of drama. Just wanted to gleam off experiences here.

Any advice is welcome. Thank you

You need to clarify this.

Just go with e&o for less. E&o should be one of the least of your worries.

 

[GreenSky]

The answers are good unless you plan on selling more than just life and health. Some plans charge extra for annuities and/or other risks.

If you are contracted and use Medico you can get E&O for $435 (I think that's right) that covers anything you can do with a L&H license. Otherwise the same carrier has many affiliations. I pay $460/yr. and never have to worry about what product is covered.

I'd hate see someone write a $250K annuity and not have E&O coverage.

Rick

 

[allstock]

This would help keep costs down. Thanks guys for the approval. Definitely looking into them.