How Does Insurance For NFL Players Work? - Page 2 - New England Patriots Forums

***BelichickFan*** · 07-26-2007, 11:04 AM

Here's another on McGahee and his one game rate :

http://espn.go.com/sportsbusiness/ne...6/1488252.html

"Only five hours before, Lerner, an insurance agent based in Gainesville, Fla., had completed the paperwork on a $2.5 million insurance policy for the Hurricanes' sophomore stud who was projected to be a top NFL draft pick in April . . . Lerner declined to give the exact premium paid for the policy, but he did say McGahee's family took out a loan and paid less than $20,000 for it. Premiums usually cost about $10,000 per $1 million policy, but McGahee was able to get a better rate partly because it only covered him for the National Championship game and up until he signed an NFL contract."

The bolded part basically says on the order of 1%.

Isaac · 07-26-2007, 09:19 PM

Quote:

Originally Posted by BelichickFan

Here's another on McGahee and his one game rate :

http://espn.go.com/sportsbusiness/ne...6/1488252.html

"Only five hours before, Lerner, an insurance agent based in Gainesville, Fla., had completed the paperwork on a $2.5 million insurance policy for the Hurricanes' sophomore stud who was projected to be a top NFL draft pick in April . . . Lerner declined to give the exact premium paid for the policy, but he did say McGahee's family took out a loan and paid less than $20,000 for it. Premiums usually cost about $10,000 per $1 million policy, but McGahee was able to get a better rate partly because it only covered him for the National Championship game and up until he signed an NFL contract."

The bolded part basically says on the order of 1%.

Damn, that's MUCH cheaper than I thought it'd be. If these numbers are close to accurate, I see no reason why Samuel shouldn't just (Please be quiet - edited), buy some insurance (say $250K for $25M?), and play for good money. (I'm generally neutral on such matters.)

Thanks BF.

dryheat44 · 07-27-2007, 07:49 AM

Quote:

Originally Posted by patman52

Assante Samuel has not done one thing that I would not have done.

You would have intercepted 12 passes last year?