As the Number of NFL Injuries Increase, Protection Becomes Key for Players
PR Web |
According to
For
While ERISA was intended to help employees, it has been used as a legal loophole for years to protect insurance companies instead of policyholders. If a policyholder is wrongfully denied benefits, rights and legal remedies are severely limited under ERISA. The
"Players often feel that their paychecks will cover them for life. While this may be true, especially for highly paid players like
Depending on their age and family size, even a middle class lifestyle would be difficult to maintain the rest of their life.
"A private disability insurance policy is undoubtedly the best route for any pro player to buy in order to protect themselves. When looking at policies, players should make sure to get an “own occupation” policy or rider. This allows a player to be granted disability benefits if they are no longer able to perform the important duties of their occupation. In short, this means that if an
The truth is that most pro players won’t become sports analysts or assistant coaches. There are simply not enough of those positions for them to fill. In almost every case, an
“Always get sound advice from a trusted agent or a top disability insurance lawyer familiar with the ins and outs of ERISA, and has experience helping athletes,” says Darras.
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