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Newsletter

NBA & NHL Drafts: Prospects, Picks & Players

Posted Thu, Jun 20th, 2019
Exceptional Risk Advisors Lloyds of London Coverholder
NBA & NHL Drafts: Prospects, Picks & Players

NBA & NHL Draft Protection Insurance

There is endless media coverage on the drafts and we wanted to highlight a few articles on the NBA's and NHL's prospects, top picks and players hyperlinked here: NBA & NHL.

Congratulations to our Exceptional Athletes as the NBA and NHL draft ensues. We wish all of you the best of luck in the next stage of your career. For our broker clients, we trust you’ll enjoy watching the highly anticipated draft coverage over the next few days, and remember, disability insurance to protect a pro-athlete's longevity should be considered the next step in their insurance journey!

Insurance Solution
High Limit Disability Income Protection
Draft-Eligible Athletes

After a player has been drafted into the NBA and enters a 4-year rookie contract, it is imperative they preserve the big payday contract and future earned income. Looking towards the future, an NBA player will want to purchase insurance to protect their "big money" pay day and for the super star players, they'll want to safeguard their endorsement deals as well.

For those drafted into the NHL, the club owns the players rights during the contract period. After a rookie contract, the player is eligible for free agency and signs a long-term contract, the deal is fully guaranteed. However, until the athlete enters free agency, they are putting their body at risk every time they enter the ice.

As Lloyd's of London Coverholders, Exceptional Risk Advisors can create income protection plans to equalize benefits for all of your affluent clients, not just rookie athletes. Our High Limit Disability Income policies are designed for high income earners such as CEOs, hedge fund managers, private equity professionals, technology experts, entertainers and draft-eligible athletes.

Click Here to Learn More About Athlete Coverage

Contact us to discuss how we can help protect your exceptional clientele.


Featured Case Study
Permanent Total Disability Policy
NFL Draft Pick

Country Music DuoDue to the physical nature of the sport, it was made apparent that if the player suffered a serious injury or illness resulting in a permanent total disability, then millions in guaranteed money and signing bonuses would be lost. The advisor, in this case, was challenged with securing an adequate amount of permanent total disability policy that would cover for any injury, accident or illness between the time the policy was placed until draft day.

Click here to read the full case study

Please feel welcome to share this case study with colleagues and your centers of influence.


Resource Center
Professional Athletes

Planning ahead: Check out our recently published article on NBA sneaker deals and insuring endorsement monies.

Watch a short video on why professional athletes need disability insurance and the solutions available to them. We welcome you to share this with your star athlete clients.

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Exceptional Risk Advisors, LLC is a licensed insurance producer - CA Licensee Number 0F60601. All products are offered pursuant to the excess and surplus lines laws of each individual state and must be placed through a properly licensed excess or surplus lines broker. These products are not available to the general public, and this website is intended for licensed insurance broker use only. Nothing in this communication constitutes an offer, inducement or contract of insurance. Financial strength and size ratings can change and should be reevaluated before coverage is bound and periodically thereafter. Not all products are available in all U.S. jurisdictions.

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