|
|
|
|
 
Professional Sports Disability
Permanent Total Disability (PTD)
Permanent Total Disability (PTD) coverage is used to protect professional athletes,
college players, juniors with highly ranked ‘up and coming’ status and professional
sports team executive management from career ending disablement.
Permanent Total Disability is defined as being totally disabled as a result of bodily
injury, sickness or disease, preventing the Insured from ever again participating
in their own occupation.
Benefits are payable in a lump sum with an elimination period of 12 months.
PTD can be purchased by individual athletes to protect them against personal loss
of future potential income or by teams as Key Player coverage to protect their financial
interest in guaranteed contracts.
Temporary Total Disability (TTD)
Temporary Total Disability (TTD) coverage is designed to respond in the event that
a professional athlete is temporarily unable to work. TTD is defined as being wholly
and continually prevented from performing the major duties of their occupation,
due to accidental injury or sickness.
Options vary from a 60-day elimination period to as long as required and a benefit
period from 1 to 5 years. Monthly benefits can be selected to any level which is
economically justified.
Teams, protecting their contractual obligation to key players, often purchase TTD
coverage, but it is also effective for athletes that have no guaranteed income,
such as pro golfers.
|
|
|
|
|
