10 Reasons EOforLess is the Top Selling E&O for Life Agents

Save Money

Save 20% – 50% or more over inferior coverage from our competitors

No Waiting

Join, Bind, Print Your Policy Certificate in Under 5 Minutes

No Hassle

Easy 2-step online process

No Deductible

As of 4/1/2016! Zero retentions and higher aggregate limits on select products

No Caps

Unlike the competition, your annual earnings do not jeopardize your coverage

No Hidden Fees

No fine-print fees, or bait and switch tactics

100% Participation

Products available to both new and experienced agents

Top Insurer

CNA is the 8th largest US commercial lines insurer, with $46.3 billion in assets*

Protects Your Past

Coverage extends back to your first continuous E&O policy

Protects Your Staff, Business, & Family

Coverage includes service-related admin, secretarial and clerical, plus spouses, domestic partners, estates, heirs, business entity, and more.

Mercer, policy administrator CNA, policy underwriter National Ethics Association, group rates sponsor
Steven R. McCarty

“Finally, a low-cost E&O Insurance with all the great policy features agents are looking for.”

Steven R. McCarty
Chairman – National Ethics Association

Life & Health Agents

$489
Insurance Premium $333
NEA Membership Fee $156
Total $489
$1M/Each Claim
$3M/Aggregate

Monthly Payments Available!

Life & Health Agents

$592

+ Fixed & Indexed Annuities

Insurance Premium $436
NEA Membership Fee $156
Total $592
$1M/Each Claim
$3M/Aggregate

Monthly Payments Available!

Life & Health Agents

$695

+ Fixed & Indexed Annuities

+ Variable Annuities/Variable Insurance (that requires a securities license) and Mutual Funds

Insurance Premium $539
NEA Membership Fee $156
Total $695
$1M/Each Claim
$3M/Aggregate

Monthly Payments Available!

NEA Member Fee Disclosure: The NEA member fee covers your membership in the National Ethics Association (NEA). Please note that the NEA membership fee is not part of the insurance transaction. You must be a member of the NEA and be able to successfully complete the application for coverage in order to be eligible for the insurance offered through the NEA. If you wish to purchase this insurance coverage, you may apply for the insurance by completing the application, as noted above. You will then pay the insurance premium and receive your certificate of insurance. This program is Administered by Mercer Consumer, a service of Mercer Health & Benefits Administration LLC | In CA d/b/a Mercer Health & Benefits Insurance Services LLC | AR Ins. Lic. #100102691 | CA Ins. Lic. #0G39709

** $20,000,000 total Master Policy aggregate for all Non-New York Insureds.

Coverage Details

Coverage Details for $489 (Insurance Premium $333 and NEA Membership Fee $156)

Provides protection for your liability for wrongful acts solely in rendering or failing to render professional services. This includes activities relating to the sale, attempted sale or servicing of life insurance, accident and health insurance or managed health care organization contracts (that does not require a securities license).

+ Disability Income Insurance (additional premium, if purchased)

Coverage Details for $592 (Insurance Premium $436 and NEA Membership Fee $156)

Provides protection for your liability for wrongful acts solely in rendering or failing to render professional services. This includes activities relating to the sale, attempted sale or servicing of life insurance, accident and health insurance or managed health care organization contracts (that does not require a securities license) and indexed/fixed annuities.

+ Disability Income Insurance (additional premium, if purchased)

Coverage Details for $695 (Insurance Premium $539 and NEA Membership Fee $156)

Provides protection for your liability for wrongful acts solely in rendering or failing to render professional services. This includes activities relating to the sale, attempted sale or servicing of life insurance, accident and health insurance or managed health care organization contracts (that does not require a securities license), and indexed/fixed annuities and variable annuities, variable insurance (that requires a securities license) or mutual funds that are registered with the Securities Exchange Commission, if required, through a Broker/Dealer that is a member of the Financial Industry Regulatory Authority.

+ Disability Income Insurance (additional premium, if purchased)

Policy Details

Overview

Provides protection for your liability for wrongful acts solely in rendering or failing to render professional services. This includes activities relating to the sale, attempted sale or servicing of life insurance, accident and health insurance or managed health care organization contracts (that does not require a securities license), disability income insurance (if purchased), indexed/fixed annuities (if purchased), variable annuities, variable insurance (that requires a securities license) or mutual funds (if purchased) that are registered with the Securities Exchange Commission, if required, through a Broker/Dealer that is a member of the Financial Industry Regulatory Authority.

Limits of Liability

$1,000,000 each claim $3,000,000 in the aggregate $20,000,000 total Master Policy aggregate (for all non-New York Insureds)

Deductibles (Retentions):

$0 Each Claim for Life, Accident, Health Insurance, LTC Products (that does not require a securities license)
$1,000 Each Claim for Indexed Annuities, Fixed Annuities (if purchased)
$1,000 Each Claim for Disability Income Insurance (if purchased)
$5,000 Each Claim for Variable Annuities/Variable Insurance (that requires a securities license) and Mutual Funds (if purchased)

Additional Features Include:

  • Competitive rates
  • Prior Acts Coverage going back to the first continuous E&O policy subject to policy provisions
  • Coverage is extended to an Insured’s owned business entity in connection with an Insured’s rendering or failing to render Professional Services as provided by the policy
  • Individual Certificate Period
  • Extended reporting period options are available for an additional charge subject to the policy provisions so long as the insured has been insured under the policy for at least six (6) months.
  • Automatic one year extended reported period at no additional charge for an Agent, General Agent or Registered Representative who become Retired or Disabled during the Certificate Period so long as the insured has been insured under the policy for at
  • least six (6) months
  • Quick and easy online enrollment with certificate available online upon successful confirmation of premium payment
  • Quick and easy online certificate renewal upon successful completion of the application
  • Coverage extended to spouses, domestic partners, estates, heirs or legal representatives for claims arising out of their status as such
  • Secretarial, clerical and administrative personnel are insured if acting on behalf of the insured while the insured is providing Professional Services

Plan Eligibility

Coverage is subject to answering correctly all questions on the application.

Underwritten by:

Continental Casualty Company (CNA)
  • $9.6 billion in revenues
  • 100+ years in business
  • 7,000 employees
  • U.S., Canada and International operations
  • “A” rated for financial strength by A.M. Best
  • 8th largest U.S. commercial lines insurer*
  • Assets of $45.3 billion
  • Statutory surplus of $10.9 billion**
*Based on 2013 Net Written Premium, A.M. Best ** Continental Casualty Company

Administered by:

Mercer Consumer, a service of Mercer Health & Benefits Administration LLC. Mercer is a global consulting leader in talent, health, retirement, and investments. Mercer helps clients around the world advance the health, wealth, and performance of their most vital asset—their people. Mercer’s 20,500+ employees are based in more than 40 countries. Mercer is a wholly subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy, and human capital.

P.O. Box 8146 Des Moines, IA 50306-8146 Phone: 1-866-795-2041 Fax: 1-515-243-2331

This highlights sheet, which has been prepared by Mercer Consumer, contains a summary of the insurance policy provisions. In the instance of conflict between this sheet and the actual policy, the policy language will prevail and control. See the policy for complete list of coverage and exclusions at www.eoforless.com.

Disclaimer: One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. CNA is a registered trademark of CNA Financial Corporation. Copyright © CNA . All rights reserved.

Downloads


This specimen policy is valid for effective dates of 10/01/15-4/30/16
Life and Health Policy Specimen PDF

This specimen policy is valid for effective dates of 5/01/16 and after
Life and Health Policy Specimen PDF

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