UCLA two-way football star Myles Jack has obtained a large disability policy with a value in excess of $5 million that includes a "loss of value" rider, a source close to the situation told Yahoo Sports. That same source said Jack is the first known football player entering his true sophomore season to obtain a loss of value policy. While unable to discuss the specifics of Jack's policy, executive vice president of International Specialty Insurance, Chris Larcheveque, told Yahoo Sports that policies similar to Jack's would be in the range of $40,000 to $50,000. Overall, Larcheveque says premiums can range from $5,000 to $100,000 based on the size of the policy and factors like risk. The NCAA sponsors a disability insurance program for exceptional college athletes in select sports which allows them to obtain "total permanent disability" coverage. But while the association doesn't bar players from obtaining loss of value coverage, it does not offer it.
Source: UCLA true sophomore Myles Jack secured a $5 million insurance policy
Yahoo! Sports | Apr 29