Insurance for life agents

At Lockton Affinity, we understand that the traditional life agent industry is changing rapidly.

With more available solutions for clients and vast regulatory reform, the scope of duties for financial professionals continues to change. We’ve developed the right coverage at the right price to meet these changing needs.

(Coverage is provided by Certain Underwriters at Lloyd’s.)

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As a financial professional, you face a multitude of risks, and Errors & Omissions (E&O) Liability Insurance with fiduciary coverage is a critical piece of protection for you and your career. E&O covers certain legal fees, judgments or settlements resulting from claims and litigation brought against you for the services you provided.

Fiduciary coverage meets ERISA standards and ensures any fiduciary duties you perform are also covered.

Many industry groups and associations offer group E&O policies with a shared aggregate limit. With a shared aggregate limit, there is a chance the shared aggregate limit could be consumed by the time you need it.

The Lockton Affinity Life Agent E&O policy includes an individual aggregate limit, so you never have to worry about someone else affecting your aggregate limit.


Lockton Affinity Life Agent’s E&O policy for life agents includes cyber liability with a limit of $250,000 and a $100,000 sublimit for Legal Forensics is included. This combination policy addresses many of the deficiencies found within the online marketplace. Currently, many providers offer insurance with a low price point. Unfortunately, this often means poor coverage, hidden fees and no cyber coverage.

In the event of a cyber incident, financial exposures can exceed $250 per record. Lockton Affinity Life Agent’s E&O policy with Cyber Liability coverage ensures you no longer carry the risk of these costs.

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Individual Life Agent E&O Insurance—$500 annually

Policy details:

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Key components of E&O Insurance for Life Agents

Our E&O with Cyber Liability Insurance for life agents offers:


You are liable for the fiduciary duties you perform. For IMO-affiliated agents, ERISA and vicarious liability are included in your coverage


Cyber liability insurance offers protection from the growing threat of cyber risks, such as privacy breaches, computer system disruptions, malware and more. Lockton Affinity’s Life Agent E&O coverage for life agents automatically includes Cyber Liability with a limit of $250,000 and a $100,000 sublimit for Legal Forensics.


Lockton Affinity Life Agent’s E&O policy has individual limits of $1,000,000 per claim/$3,000,000 aggregate, rather than a group master policy with a shared aggregate limit. Having an individual aggregate limit means you don’t have to be concerned about someone else exhausting your funds in the event of a claim.


For professionals selling Life and Health and fixed annuity products, policies begin with $550 premiums and $0 deductible. For qualifying accounts, Series 6 Products and P&C Personal Lines coverage is available for a slightly higher premium.

Interested in coverage?

Apply online in minutes.

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Risk Management Library

Explore our valuable risk management resources that are designed to help financial professionals like you reduce the chance of having a claim filed against you.

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HAVE QUESTIONS? Visit our FAQ page for information about Errors &
Omissions insurance, Cyber Liability coverage, policy details and more.

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Contact Us

If you have any questions about Lockton Affinity’s Advisor Insurance Program, please call one of our knowledgeable Associates today or fill out our contact form.

(844) 406-5958
Phones are answered Monday – Friday, 7 AM to 6 PM (CST).

Not available in Michigan