Top college and professional athletes can purchase insurance coverage to protect against loss of future earnings in case of injury.
It's called loss of value insurance.
One problem is that it can be very expensive, and students may need to take out a loan to purchase such a policy.
But when an athlete knows that's he will be making big money after being drafted, then it makes more sense to buy the protection.
It’s something promising college athletes should consider
www.insurancebusinessmag.com
Whether it’s to help land a star player or open up salary-cap flexibility, sports insurance policies can do more than just cover a loss.
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