What is Going on at Foresters....Fast Issue?

Calsurance has several E & O programs, including one for Oxford (B+),
the company essentially said the same thing to me, except for insolvency. I think AAA covers less than A rated also.

Calsurance will send sample policies.

The chance of a less than A rated carrier going under AND you having an E&O claim are small..........But isn't that why we have insurance to cover for unlikely occurances.
 
The Foresters sponsored E & O through CalSurance includes claims based upon the insolvency, receivership, etc if the insurance company "was rated as B+ or better by A. M. Best Co. At the time the business was placed.

So this program provides coverage when Oxford is written.

For $1 million coverage it's $427 per year and INCLUDES life, accident, health, workers comp, disability, annuities including fixed, indexed and variable annuities plus indexed and variable life. Also includes employee benefit plans and mutual finds that are registered with the SEC.

Deductible is $1,000 on each claim.
 
The Foresters sponsored E & O through CalSurance includes claims based upon the insolvency, receivership, etc if the insurance company "was rated as B+ or better by A. M. Best Co. At the time the business was placed.

So this program provides coverage when Oxford is written.

For $1 million coverage it's $427 per year and INCLUDES life, accident, health, workers comp, disability, annuities including fixed, indexed and variable annuities plus indexed and variable life. Also includes employee benefit plans and mutual finds that are registered with the SEC.

Deductible is $1,000 on each claim.

For the price, this policy through CalSurance and sponsored by Foresters is the most comprehensive policy that I have seen through CalSurance.

It covers Indexed Annuity and UL and also your role as a supervisor with downline agents. The supervisor coverage is nice incase you get named in a lawsuit from activities from your downline.

Not all CalSurance programs are equal, so be sure to look at all coverages.
 
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