Disability / Loss of Income
Who it’s for
Athletes with NIL income potential (eligibility may begin as early as late high school where there’s legitimate NIL opportunity).
How it works
- We establish a baseline using documentation from your NIL agreements and outside endorsements.
- You select annual coverage; values can adjust year to year as your profile grows.
What we’ll ask for
Offer letters or NIL agreements, identification of endorsements, medical history for underwriting, and a primary contact (advisor or guardian, if applicable).
Timeline
Eligibility review, underwriting, and issue—typically days to a few weeks depending on documents.
Our Process
1. Determine future insurable income (NIL + endorsements)
2. Submit documentation
3. Submit medical records
4. Underwriters review
5. Receive a quote on the elements to insure
6. Issue the policy
7. Play your season worry-free about injury.
A “Permanent Total Disability” injury is determined by an orthopedic surgeon, and usually involves surgery within a specified time frame that prevents an athlete from competing again in their respective sport. If an athlete attempts to compete after their PTD, they could forfeit their lump sum payment from the insurance carrier.
Income is based on NIL offers from schools, as well as earnings from Collectives, outside endorsements, and outcome sources of realistic income. In some cases, NIL deals have ‘incentives” built into them, and those incentives can also be factored in. Earnings can also include projected future income as a draft pick in a professional league. Underwriters would use a consensus of projections to determine what that salary range may be, and whether all or part of it is guaranteed. Our financial experts can help structure an estate plan to minimize or delay tax liabilities.
Each policy is a year-to-year plan and will be re-evaluated and underwritten each season. In some cases, if an athlete has an exceptional year, their NIL deal may increase, and the amount of coverage may need to be increased. In some circumstances, an athlete may not live up to their expectations and their NIL income may decrease, thus forcing the insurance carrier to reevaluate the amount of projected income to insure.
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Licensed in all 50 U.S. states. Coverage subject to underwriting and availability.