Professional Athletes

Temporary and Career Ending Disability

• Personal Disability
• Loss of Future Earnings

• Worldwide Coverage
• On and/or Off Field Coverage
• Accident & Sickness Coverage

Whether it is a team sport or an individual sport, Professional Athletes' careers expose them to countless possible injuries, and they are susceptible to illnesses just like any other person. Even a minor disability can be career-ending for a professional athlete. Because the risk is so high, traditional insurance companies usually do not underwrite disability insurance plans for athletes. We provide high limit coverage for professional athletes to guard against temporary disabilities and/or permanent disabilities.

When you contact our office for assistance we will happily explain what can be accomplished for you based on your contracts, endorsements, and/or winnings.

Temporary Total Disability provides a monthly benefit if as a result of an accidental bodily injury (on or off the field) or sickness giving rise to the total physical inability to participate in your sport. The policy will begin to pay a benefit following an elimination period and will continue to pay as long as the person remains disabled, but will in no case pay longer than the maximum benefit period purchased. Temporary Total Disability provides for the quickest cash flow to allow a person to maintain their standard of living. This benefit is available as a stand alone benefit or often times in conjunction with a permanent total disability benefit.

Permanent Total Disability provides a lump sum benefit if as a result of an accidental bodily injury (on or off the field) or sickness giving rise to the total physical inability to participate in their sport. Additionally, the player has no hope of improvement sufficient to ever commence a career as a professional in their sport. Permanent Total Disability is often referred to as "career ending disability" and is designed to replace both personal and what would have been future income.

The monthly benefit is determined by underwriters by looking back at the athlete's contract, endorsements, and/or winnings. If the insurance is for personal income replacement then the benefit can be as high as 65% of earnings. For contracts such as sponsorships or endorsements the benefit can be as high as 100% of the remaining contract.

If the athlete is under a contract, then the maximum lump sum is determined by several factors such as current contract level, the athlete's age, the athlete's statistics compared to other players who have recently re-signed, and the player's potential for future income. Based on all these factors, underwriters can quote 1 - 20 times the athlete's current income.

The benefits paid under this plan of insurance work as any other disability plan, i.e. if the premiums are paid with after tax dollars then the benefit is tax free.

Coverage is 24/7 on and off the field and for both accidental bodily injury or sickness or disease. The plan can be tailored to fit a specific need so as to not duplicate coverage or guarantees already in place. For example, a player who is 100% covered while playing or practicing might only need "off field" coverage. We can also provide an accident only plan if needed.

• Professional Jockey Disability Plan
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  Whether the you are a jockey, driver or a trainer, you are exposed to countless possible injuries as well as being susceptible to illnesses just like any other person. Even a minor disability will interrupt cash flow, with more serious disabilities possibly being career ending. Because the risk is so high in the industry of horse racing, traditional insurance companies typically do not underwrite these disability insurance plans. We provide disability coverage protecting paychecks during periods of temporary disabilities or in case of permanent career-ending disabilities.




• Professional Golfer
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  The Links Disability Insurance Plan. Whether you are a Touring Pro, Club Pro or Teaching Pro, all professional golfers have the need of protecting their incomes. Countless possible injuries or illnesses can create the inability to earn a living. Even a minor disability will interrupt cash flow, with more serious disabilities possibly being career-ending. Because incomes/winnings can fluctuate and the risk is high for a professional golfer to become disabled, traditional insurance companies will not underwrite disability insurance plans for people in these occupations. Petersen International Underwriters provides disability coverage to protect an income during periods of temporary disabilities and in case of permanent career-ending disabilities.




• Other Athletic Professions
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