Russell Jaslow
Registered User
Re: SUNYAC Preview
A lot of these star college athletes take out an insurance policy with Lloyds of London. The way it works is they don't pay until they sign their pro contract. Then, Lloyds gets a piece of the contract and the insurance policy is then ended. If they get hurt and can't sign a contract, Lloyds pays out on the insurance claim. The athletes don't have to pay upfront with money they don't have. Lloyds gets paid at the backend if a claim is not made. It's a win-win. Lloyds has obviously run the actuary numbers and found it to be a lucrative business.
I always go back to insurance against as injury which is supplied by the university as a gap measure. Larger stipends? I dont know if that would work either. I think making these guys monetarily eligible is in the near future. I hate the "one and done" in college basketball. In other news Nike stock is down today.
A lot of these star college athletes take out an insurance policy with Lloyds of London. The way it works is they don't pay until they sign their pro contract. Then, Lloyds gets a piece of the contract and the insurance policy is then ended. If they get hurt and can't sign a contract, Lloyds pays out on the insurance claim. The athletes don't have to pay upfront with money they don't have. Lloyds gets paid at the backend if a claim is not made. It's a win-win. Lloyds has obviously run the actuary numbers and found it to be a lucrative business.