The left tackle's job is to protect the quarterback from what he can't see coming. And an insurance advisor's job is to protect future NFL stars from what they can't see coming - the early end of their careers due to a serious injury or illness.
A college football athlete who is draft eligible is suitable for a draft protection policy. This safety net will protect the college athlete during their college career on and off the field leading up to Draft Day. This coverage is key due to the NFL's draft eligibility rules which state, "...players must have been out of high school for at least three years and must have used up their college eligibility before the start of the next college football season".
Case in point, we recently worked with a projected top-10 NFL draft pick and his insurance advisor to develop a $10 million permanent total disability policy that would cover for any injury, accident, or illness between the time the policy was placed until draft day. As a result of having this policy in place, the college junior athlete was assured that even if he suffered an injury or illness prior to draft day, he would still be compensated based on his projected NFL value.
Download the NFL Draft Pick Case Study
If you missed our highest attended webinar last year titled, "Unlock Opportunities in the Sports Insurance Market", we encourage you to watch it. Two experts in the athlete insurance space, Matthew Ferraro and Sean Callaghan, provide an update on the current state of the sports insurance market, discuss factors in rating a sports insurance policy, and how to unlock opportunities in this arena. This webinar is designed for advisors who are looking to break into this highly competitive space and those who need a refresher on what is available for athletes through the Excess Lines Market and Lloyd's of London.
As the Georgia Bulldogs defeated Alabama Crimson Tide this week (what a game!), we are being flooded with requests on how to best protect future NFL stars. Are your future NFL star clients adequately protected? Schedule a meeting today!
