A new low-cost E&O insurance plan for life and health insurance agents has been launched this week by the American Association for Critical Illness Insurance (AACII).

"Open enrollment for the just launched E&O program begins this week," states Jesse Slome, executive director of the trade organization that sponsors the program. "We are making cheap E&O coverage available to agents in all 50 states who can successfully answer eight simple online questions," Slome explains. The association's sponsored E&O product provides a $1 million limit of liability for each claim with a $1,000 deductible per-claim.

"A special provision of the program makes coverage available for new insurance agents," Slome adds. The plan has available options for insurance agencies and their staff members. "Unlike other organizations which require agents to pay an additional annual membership fee amounting to hundreds of dollars, we are continuing to offer free membership to insurance agents and brokers who wish to learn more about marketing and selling critical illness protection," Slome declares.

Open enrollment for the AACII group policy has started with premiums for the full year of coverage starting at $515. "An agent can sign up now as the new program commences or they can sign-up at any point for coverage and will pay the pro-rated premium which can be as low as $103," Slome explains. The program offers instant online approval and certificates are immediately available. "The cheap E&O provider even accepts credit card payments, ideal for those who like to accumulate points," Slome adds.

For additional information call the Association at (818) 597-3205 or visit their website www.criticalillnessinsuranceinfo.org/eo for complete information and the online E&O application and certificate.