Welcome to the discounted E & O Program
We offer discounted Errors & Omissions Insurance, also known as professional liability, which protects against lawsuits arising out of the rendering or failure to render professional services. Many general liability policies contain exclusions for “professional services” and the errors and omissions coverage helps to fill that gap in coverage.
- Fast – Easy online applications
- Low Monthly Payment options
- Instant Certificates
- Customer Service Center
- Live Chat support
- A.M. Best rated (A XV)
| Group |
Medicare & Final Expense Only |
New Agent (Level D) | Agent (All Inclusive) (Level A) |
Plus Variable Annuity & Mutual Funds (Level B) |
Policy Aggregate |
| Company A | $321 | $396 | $456 | $528 | None |
| Company B |
$405 |
$456 | $491 | $641 |
$50M |
| Company C |
$469 |
$456 | $551 | $674 |
$50M |
| Company D |
N/A |
N/A | $592 | $695 |
$20M |
| Company E | $554 | $680 |
$15M |
What is covered under each level?
Coverage Level A
- Sale and Servicing of Life Insurance
- Health Insurance
- Long Term Care
- Disability
- Medicare Supplement/Advantage Insurance
- Final Expense
- Mortgage Life
- Fixed and Indexed Annuities
Limit Selection:
Each Claim / Aggregate Per Agent – $1,000,000 / $1,000,000 – $456.00
Each Claim / Aggregate Per Agent – $1,000,000 / $2,000,000 – $497.00
Each Claim / Aggregate Per Agent – $1,000,000 / $3,000,000 – $501.00
Each Claim / Aggregate Per Agent – $2,000,000 / $2,000,000 – $539.00
Coverage Level B
- Sale and Servicing of Life Insurance
- Health Insurance
- LTC
- Disability
- Medicare Supplement Advantage Insurance
- Final Expense
- Mortgage Life
- Fixed and Variable Annuities
- Mutual Funds and Variable Life
Limit Selection:
Each Claim / Aggregate Per Agent – $1,000,000 / $1,000,000 – $528.00
Each Claim / Aggregate Per Agent – $1,000,000 / $2,000,000 – $577.00
Each Claim / Aggregate Per Agent – $1,000,000 / $3,000,000 – $582.00
Each Claim / Aggregate Per Agent – $2,000,000 / $2,000,000 – $628.00
Coverage Level C
- Sale and Servicing of Final Expense
- Medicare Advantage/Supplement
Limit Selection:
Each Claim / Aggregate Per Agent – $1,000,000 / $1,000,000 – $321.00
Coverage Level D (New Agent)
- Sale and Servicing of Life Insurance
- Health Insurance
- Long Term Care
- Disability
- Medicare Supplement/ Advantage Insurance
- Final Expense
- Mortgage Life
- Fixed and Indexed Annuities
Limit Selection:
Each Claim / Aggregate Per Agent – $1,000,000 / $1,000,000 – $396.00
Click here for our discounted E&O Program
What does it cost?
First understand what the levels mean.
Level A is regular coverage
Level B is regular coverage plus mutual funds and variable products
Level C is coverage for simple issue products (Medicare Supplement Insurance and Medicare Advantage Plans)
Level D is regular coverage for new agents (licensed less than 24 months)
Annual Pricing
| Limit | Coverage | Cost |
| 1MM/1MM – Regular Coverage | A | $456 |
| 1MM/2MM – Regular Coverage | A | $497 |
| 1MM/3MM – Regular Coverage | A | $501 |
| 2MM/2MM – Regular Coverage | A | $539 |
| 1MM/1MM – Includes MF & Variable Products | B | $528 |
| 1MM/2MM – Includes MF & Variable Products | B | $577 |
| 1MM/3MM – Includes MF & Variable Products | B | $582 |
Monthly Pricing
| Limit | Coverage | Cost | Approx Down | Approx Monthly |
| 1MM/1MM | A | $456 | $164 | $32 |
| 1MM/2MM | A | $497 | $171 | $35 |
| 1MM/3MM | A | $501 | $172 | $35 |
| 2MM/2MM | A | $539 | $179 | $38 |
| 1MM/1MM | B | $528 | $177 | $37 |
| 1MM/2MM | B | $577 | $185 | $41 |
| 1MM/3MM | B | $582 | $186 | $41 |
| 2MM/2MM | B | $628 | $194 | $45 |
| 1MM/1MM | C | $321 | $140 | $22 |
| 1MM/1MM | D | $396 | $154 | $28 |
Copyright ©2017 AmeriLife Property & Casualty Insurance Agency, LLC. All rights reserved.
For agent use only. Rates are subject to change. Certain exclusions, restrictions, and limitations may apply. Insurance coverage is from the applicable insurance company. Please consult the insurance specimen policy for coverage details and terms and conditions.
