Why Many NFL Players Pass on Disability Insurance

The National Football League (NFL) is a high-contact sport that can lead to serious injuries. In fact, the average NFL career is only about 3.3 years. This means that many players will need to find a new way to make a living after their playing days are over.

One way to protect themselves financially is to purchase disability insurance. Disability insurance can provide income to players who are unable to work due to an injury or illness. However, many NFL players choose not to purchase disability insurance.

There are a few reasons why NFL players might pass on disability insurance. One reason is that it can be expensive. The cost of disability insurance depends on a number of factors, including the player’s age, health, and position.

Another reason is that players may believe that they are not at risk of becoming disabled. NFL players are some of the most physically fit athletes in the world, and they may believe that they are unlikely to be injured.

Finally, some players may believe that they can get by without disability insurance. They may have savings or investments that they can use to support themselves if they are injured.

However, there are a number of risks associated with not purchasing disability insurance. If a player is injured and unable to work, they may not have any income to support themselves and their families. This can lead to financial hardship and even bankruptcy.

In addition, players who do not purchase disability insurance may be eligible for less financial assistance from the NFL Players Association (NFLPA). The NFLPA provides a number of benefits to its members, including disability benefits. However, the benefits are not as generous for players who do not have disability insurance.

Overall, it is important for NFL players to carefully consider their options when it comes to disability insurance. While it can be expensive, it can provide peace of mind and financial security in the event of an injury.

Here are some additional things to consider when deciding whether or not to purchase disability insurance:

The cost of the policy: The cost of disability insurance will vary depending on the player’s age, health, and position.
The coverage amount: The coverage amount should be enough to replace the player’s income if they are unable to work.
The waiting period: The waiting period is the time that must pass before benefits begin.
The exclusions and limitations: The policy should be carefully reviewed to understand the exclusions and limitations.

If you are an NFL player, it is important to talk to an insurance agent to learn more about disability insurance and to get a quote for a policy. Disability insurance can be a valuable financial protection for NFL players, and it is important to make an informed decision about whether or not to purchase a policy.