New York Life V. MassMutual

[Justin Bilyj]

$130 a month for E&O is not out of line at what you pay at other outfits. E&O will usually rank between $1,500-$3,000 for a year.

Maybe if you are series licensed. My E&O that covers indexed annuities is no more than $500 a year...

 

[walthamny]

I get asked almost very day if I have new appointments which feels a lot like being micro-managed( rhetorical question as my calendar is plainly visible). The fees are a bit high at almost $300/mo ( E&O is $130/mo alone)Is NY Life any different or does it depend on the office?[/QUOTE]

You work for a captive company. They will micro manage you. It does not matter NYL or MassMutual. It is one of the benefits of making it in the indy world. Some people require micro managing at the beginning and some really need it over the long run so captive works for them.