We think these services could be applicable to very young, upwardly mobile clients. The reasons are that most athletes have assets in many different states, usually the state in which they play, the state in which they reside, or a state where they went to college or university. Due to the age of many professional athletes and their children, the assets would need to be handle by a trustee rather than by a family member who may not have the expertise to handle this type of money. It's a rare case where a will could be better than a living trust. Baseball and basketball have guaranteed contracts which mean the salary would be paid in the event of death or disability.
Football has no guaranteed contracts and hockey has guaranteed insurance for on-ice injuries only.
So, depending on the sport, we do have to secure disability insurance for the players. The most important time is when a player is between contracts, or if a player is in the last year of a current contract and has a lot of potential income in the near future. Tennis and golf have important issues regarding disability insurance because they must earn their money every week. There's permanent and temporary disability insurance. The other types of insurance are very similar to the normal person, in that we need to provide liability, life, homeowners and auto insurance.