June 7, 2012
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LeClair Errors & Omissions Program This plan is designed exclusively for agents of LeClair. E&O Insurance is professional liability insurance that protects professional insurance agents from claims arising from the sale and servicing of insurance products.
Plan Highlights
- Claims-made Financial Services Professional Liability Coverage limited to services provided as a life/health insurance agent selling life, health, annuities and variable products
E&O Liability Coverage Options:
- $1,000,000 per claim / $1,000,000 annual aggregate
- $1,000,000 per claim / $2,000,000 annual aggregate
Deductibles:
- $500 for life, accident, health, LTC, Medicare Advantage and Medicare Supplement
- $2,500 for disability insurance and indexed & fixed annuities
- $5,000 for all other claims (eg. variable annuities and mutual funds)
Payment Options
- Make a single payment by EFT or
credit card - Pay monthly by EFT or credit card
E&O Plan Options & Rates:
*Down payment refers to monthly payment option. Prices include E&O premium and $50 MGA administrative, taxes and marketing fees. 24-Hour Care Coverage is not included in pricing. Down payments will be processed immediately; monthly deductions as shown above will begin the third business day of the month after enrollment effective date. Monthly payment options includes a $5.00 / monthly collection fee. |
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| COVERAGE OPTION A: Life, Accident, Health, Disability, LTC, including Medicare Advantage and Medicare Supplements | |||||
|---|---|---|---|---|---|
|
Per-Claim Aggregate |
Single Payment | Down Payment* | Monthly Payment | ||
| $1M / $1M | $475.00 | $90.42 | $40.42 | ||
| $1M / $2M | $505.00 | $92.91 | $42.92 | ||
COVERAGE OPTION B: Life, Accident, Health, Disability, LTC, including Medicare Advantage and Medicare Supplements, PLUS Fixed Annuities and Indexed Annuities |
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|
Per-Claim Aggregate |
Single Payment | Down Payment* | Monthly Payment | ||
| $1M / $1M | $565.00 | $111.67 | $46.67 | ||
| $1M / $2M | $600.00 | $114.67 | $49.58 | ||
COVERAGE OPTION C: Life, Accident, Health, Disability, LTC, including Medicare Advantage and Medicare Supplements, PLUS Fixed and Indexed Annuities, Mutual Funds & Variable Products |
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|
Per-Claim Aggregate |
Single Payment | Down Payment* | Monthly Payment | ||
| $1M / $1M | $697.00 | $152.00 | $55.00 | ||
| $1M / $2M | $738.00 | $156.37 | $58.33 | ||
