Protection for Athletes - Examples

The following examples illustrate how Pro Plus Disability Insurance, based upon Own-Occupation coverage, would respond to different types of disability situations:

Example A: The Illinois Wildcats have just signed their star wide receiver to a five-year contract with a $20,000,000 signing bonus. He earns $4,000,000 of that signing bonus each year of the contract, whether he plays or not. In the event the insured played the first, third and fifth years of his contract, but was hurt during the second and fourth, our coverage is designed to pay the team up to 80% of the $8,000,000 he was paid while disabled

Example B: Superstar Shoes, LLC has recently signed All-Star basketball player John Smith to a $25,000,000 five-year contract, payable at $5,000,000 a year to endorse its new line of shoes. If the player is not participating in games during the season, the company is not receiving the exposure that they are paying John Smith for. Therefore, our coverage would be structured to reimburse the company a percentage of the contract for games missed due to disability.

Example C: Jim Jones, a professional baseball player, is entering the last year of his rookie contract after which he will be an unrestricted free agent. Thus, the large guaranteed contract he has spent the last fifteen years of his amateur and professional career earning is around the corner. The only thing that can prevent him from signing such a contract is a career-ending injury. Disability insurance will compensate him for the millions of dollars that he will not receive from a team in the event he suffered such a disability.

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