NCAA:
College Athletes Looking at Professional Sport Careers

Disability Insurance 101 - Protection from Loss of Future Earnings

What types of insurance coverage is available? What is it? Disability insurance is an insurance policy that provides financial protection

Permanent Total Disability: This coverage pays benefits if you suffer total disability during the policy term and will not be able to participate again (unless the policy specifies a shorter time period) in your sport.

Temporary Total Disability: This coverage pays benefits if you suffer total disability during the policy term and are not able to participate in your sport at the time of a designated medical evaluation. Since the benefits are more easily triggered under this type of coverage, it is more expensive to purchase than the permanent total disability coverage.

Who can qualify?
Those athletes who realistically anticipate receiving a substantial amount of money as professional athletes due to their present market value as future professionals (based upon an objective professional evaluation).

Where can I get these kinds of insurance?
There are only a few companies (e.g., Chubb Group, Lloyd’s of London) that provide this type of insurance for athletes. However, there are numerous insurance brokers/agents who can sell the disability coverage. The NCAA also sponsors a disability insurance program for elite student athletes, which includes as a benefit the automatic securing of a loan if the

Student athlete’s rating qualifies him or her for coverage. The NCAA program currently is available for elite athletes in the sports of football, men’s and women’s basketball, baseball, and men’s ice hockey only. You should contact your university’s professional sports counseling panel, athletics director or the NCAA for more information on the NCAA program or others in the market place.