Life Insurance Agents and Brokers
coverage provides malpractice protection for independent life insurance agents. This coverage is designed for life agents who have not had errors and omissions insurance before, or who have recently become independent agents. 5Star Life Agents' E&O is written with a highly rated carrier and is one of the few companies writing this class of business.
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Eligible Classes*
- Newly licensed Independent Life Insurance Agents who have not previously held E&O coverage
- Life Insurance Agents who have recently become independent
- Agents with up to 10% of commissions from P&C sales
- *Including but not limited to those listed
Available Products
- Errors and Omissions Coverage for Independent Life Agents
Program Highlights
- Designed for first-time buyers
- Affordable pricing
- Apply and pay premiums online at www.5starlifeagents.com
- Immediate evidence of insurance
- Highly rated carrier
- Apply online, pay by credit card
Program Parameters
- Aggregate Limits of $250,000 or $1,000,000
- $1,000 deductible
- Choose Basic or Basic + Mutual Funds
- Basic
- For Agents selling Life, Variable Life, A&H, Long Term Care, Disability Income and Annuities (fixed and variable) and P&C sales up to 10% of total commissions
- Basic + Mutual Funds
- Same as basic, plus includes sales of mutual funds
Ineligible Classes
- Independent life agents selling to groups over 100 employees
FAQ
Availability
Download this fact sheet
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Contact 5Star Errors & Omissions Program
877.247.9772
marketing@5StarSP.com
5Star Errors & Omissions Program
303 W. Madison Street, Ste. 700
Chicago, IL 60606
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