As college football’s top defensive end, Jadeveon Clowney has received a lot of phone calls lately – some of them from friends who are concerned about his professional future. Analysts say the Gamecock player would be the No. 1 overall pick in this year’s NFL draft if he were eligible, a coup that would secure a compensation package of around $22 million. As other top players know all too well, the one thing standing between Clowney and that kind of money is injury. And while Clowney has no plans to take his friends’ advice and sit the season out, he is being cautious. He recently signed up for the NCAA’s “Exceptional Student Athlete Disability Program,” which permits qualifying athletes to take out a loan to help finance the cost of a disability insurance policy. Between 75 and 100 athletes take advantage of the program each year, most of them football players. Clowney wisely went for a $5 million policy, the maximum amount allowed, which will cost around $30,000 for the year.
Joseph Pulitano will be the CEO of the new LTC Agency Operations business.
Few issuers say they now use predictive analytics for individual annuity pricing or claim management.
The products can accept premium payments up until the insureds turn 100.
Sponsored by Lincoln Financial Network
Define your success with Lincoln’s exclusive guide to defining your personal brand.
Sponsored by Nuveen
The retirement market is evolving. Help your plan sponsor clients understand what’s next in defined contribution with the latest thinking in investments, participant engagement strategies and fiduciary perspectives.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.