I wanted to extend my gratitude to Set for Life Insurance for their tremendous help. I had requested quotes from multiple websites and the process seemed overwhelming—until I finally contacted Set for Life. They took the complex process and simplified it for me. They listened to me and helped guide me to make the best decision for my situation. They communicated well throughout the entire process and were able to expedite the various life and disability insurance policies to correspond with the loan I was taking out to purchase my practice. They were an integral partner in helping my new business get off the ground. I will recommend them to anyone looking for the highest degree of professionalism.Dr. Sanjit M., Dentist, Atlanta, GAWhether you are an NFL football player, NBA basketball player, MLB baseball player, MLS soccer player or an athlete in an individual sport such as swimming or track and field, as a professional athlete you rely on your body and health to be able to play the game. One injury could take that all away.
The best way to protect yourself and your income is with an insurance contract. The insurance policy is a disability insurance contract that will pay you a lump sum benefit in the event that you have a career ending injury.
Benefit eligibility is based on compensation and rates are based on the amount of benefit purchased, professional athlete’s age and geographical location. Players may not be able to purchase coverage until after the draft and a contract has been signed. NCAA players who are highly ranked with a strong chance of being drafted may purchase a policy.
According to Bryan Swalley of ERA Elite Representation Associates, “I have seen firsthand what happens when a player becomes injured and can no longer play. It is devastating.” We also offer disability insurance for sports agents. Contact us for details.Request a Disability Insurance Quote
If you work for a large group or practice, you may be offered a group policy. Group policies typically offer a limited monthly benefit (60 percent of your income to a maximum of $10,000 or $15,000/month). Group policies can’t discriminate – they must offer coverage to everyone in the group. Consequently, they often lack the important provisions of a personal policy.