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Started By
Message
Lloyds of London Should Be On The Minds...
Posted on 8/11/23 at 8:05 am
Posted on 8/11/23 at 8:05 am
Of the top players now as they can afford to buy career-ending-injury insurance.
Peyton Manning had it and it makes total sense, especially with the extreme NIL dollars being passed around...
Peyton Manning had it and it makes total sense, especially with the extreme NIL dollars being passed around...
10
Posted on 8/11/23 at 8:07 am to mpwilging
sounds like peyton wasted money paying premium for it
Posted on 8/11/23 at 8:09 am to Grad92
all insurance is hedging a bet on yourself
Posted on 8/11/23 at 8:09 am to Grad92
Insurance is always a waste until it is needed...
Posted on 8/11/23 at 8:10 am to mpwilging
thank you for the info local agent
Posted on 8/11/23 at 8:25 am to mpwilging
What an original thought. They have probably never thought of that.
Posted on 8/11/23 at 8:30 am to mpwilging
Wasn't there a bunch of reports about these athletic injury policies only paying Pennie's on the dollar of what they said they would?
I could be talking out of my arse
I could be talking out of my arse
Posted on 8/11/23 at 8:30 am to mpwilging
Isn’t this one of those BS policies that rarely pay out anything to make it worth it?
Posted on 8/11/23 at 8:30 am to mpwilging
Keiland’s calves are reportedly the largest policy to date
Posted on 8/11/23 at 8:38 am to mpwilging
quote:
Insurance is always a waste until it is needed...
Yep, that's why it's called insurance. But boy it sure would be nice if come the end of the year and you haven't needed it that you would get some of it back
This post was edited on 8/11/23 at 8:40 am
Posted on 8/11/23 at 8:40 am to jlovel7
quote:You mean insurance?
BS policies that rarely pay out anything to make it worth it?
Posted on 8/11/23 at 8:43 am to drizztiger
quote:
BS policies that rarely pay out anything to make it worth it?
quote:
You mean insurance?
Posted on 8/11/23 at 8:52 am to mpwilging
Maybe that should or already is a part of the NIL packages for all returning draft eligible players.
Posted on 8/11/23 at 9:06 am to mpwilging
Those insurance policies are basically useless. Almost impossible to get an actual layout from it
Posted on 8/11/23 at 9:07 am to jlovel7
quote:Yes. They ran a special on it on ESPN once. The payouts only materialize if you never play football again.
Isn’t this one of those BS policies that rarely pay out anything to make it worth it?
Posted on 8/11/23 at 9:08 am to lsupride87
It takes a lot to get a payout and when you do it is still less than what a player would have made on their first contract. Major profit for the insurance companies.
Posted on 8/11/23 at 9:20 am to Dizz
Ciron Black had one and he ended up having to sue and went through a
long, drawn out, crappy process. Before ending up with less than advertised.
LOL ain’t all it’s cracked up to be.
long, drawn out, crappy process. Before ending up with less than advertised.
LOL ain’t all it’s cracked up to be.
Posted on 8/11/23 at 10:10 am to mpwilging
Also it’s LORDS of London. Dylan Moses and his father (highly educated lawyer) went through this before. I wrote up a great letter about it defending his son.
Posted on 8/11/23 at 10:19 am to Grad92
quote:
sounds like peyton wasted money paying premium for it
Every person who has insurance of any type "wastes" their money on premiums until they don't. It's the entire point of insurance, you pay pennies and the company pays dollars. They're betting you pay more than you receive but it's not true for every insured.
Posted on 8/11/23 at 10:23 am to Grad92
quote:
sounds like peyton wasted money paying premium for it
Yea well Peyton had just watched his brother have a football career unravel and knew it could happen to anyone. Maybe he played with more confidence in college knowing that if the NFL didn't happen Lloyds would help him out.
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