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During the months of December, January, and February, we typically see the bulk of MLB athletes purchase disability coverage, so we thought it fitting to share a case study of a super star baseball player.

The Outfielder / Designated Hitter was in his last year of his current contract, approaching free agency, and projected to sign a five-year $105 million contract.  The advisor on the case was challenged with securing an adequate amount of permanent total disability to safe-guard the player against a career-ending injury or illness.

The premium was roughly $250,000 plus taxes and fees.

Client

A professional baseball outfielder and designated hitter on the cusp of signing a multi-million-dollar contract.

Situation

The young and healthy MLB super-star was in his last year of his current contract, approaching free agency, and projected to sign a five-year $105 million contract.  The player saw the need to protect his high performing status should he become significantly injured or sick prior to signing his next big contract.

Assessment

The advisor, working with the player’s agent and financial advisor, was challenged with securing an adequate amount of permanent total disability.  The permanent total disability coverage would protect the player in case of a career-ending injury or illness.

Solution

A $25 million permanent total disability policy designed to pay a lump sum.

Result

The advisor, agent, financial advisor and player were all thrilled to have obtained a comprehensive policy.  With the policy in place, the player could focus on playing the sport he loves knowing that he was protected against a career-ending injury or illness.

If you’re currently working with a high-income earner ($500k+ annually) who is an all-star in their own field, it is very likely they have exceptional income exposures.

Please feel welcome to share this case study with your centers of influence and baseball fans.  Contact your Disability Insurance Specialist for assistance today.