Loss of Future Earnings, Contract Completion, Loss of Endorsements, Cost of Agents/Managers, College Draft Protection, High Limit Death & Dismemberment Benefits

Professional Occupation Coverage
These plans are for specific professional occupations. They will terminate automatically if the insured changes from the occupation in which he or she was engaged in at the time coverage was issued, unless an agreement has been obtained from the Company.

Terms of Coverage
These plans are annually renewable, or for negotiated longer periods of time. Premium rates may be changed upon renewal. A renewal application or a statement of good health may be required for consideration of renewal.

General Information Regarding Plan Design
These plans are used in a number of ways to insure the professional athlete personally or to insure the team of which the athlete is a member as to the financial losses that result from a disabling accidental bodily injury or sickness. Career length varies by the sport in which the athlete performs. Exceptionally high earnings are generated in a short time span making the adequate insuring of the earnings potential a primary financial planning process.

Loss of Future Earnings
A professional athlete can anticipate income levels and probable playing time. A disability can affect the level of income to be earned in the future and a disability can shorten the career period. As an example, an athlete has no income assurance beyond the term period of the present contact. This plan can insure an income should disability shorten the expected career period.

Contract Completion
The loss of an athlete by disability puts the team in double jeopardy. Revenue may slip and the team must continue to pay the non-performing athlete. These plans can insure the contracted compensation to the athlete, thus relieving the team of that financial burden.

Loss of Endorsements
Endorsement income and fees continue to flow as long as the public remains fans of the athlete. A political statement, a drug involvement, a drunk arrest, a public relations goof, and the advertisers/endorsers pull back from sponsorship. This loss is also insurable.

Cost of Agents/Managers
During periods of disability it is in the athletes best interest to continue the use of agents and managers to keep the athlete's value as an athlete and as a product spokesperson keenly in the minds of those who contact for their services. These costs can be insured.

College Draft Protection
Talented athletes may decide to stay in school rather than take early entry into the draft. There is a risk of sustaining a career ending disability during the final college years. These plans are available to insure the future value of a professional career.

High Limit Death & Dismemberment Benefits
The loss of life or dismemberment of an athlete can place an enormous financial burden on the surviving spouse and/or children. Many teams provide a small benefit in the event of a tragedy and most families have little or no life insurance. These plans provide athletes with high limits designed to help eliminate the financial burden a family can incur as the result of a tragedy.