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  1. #1
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    Life Insurance Policies for college players?

    So I was thinking about this the other day..can college athletes that are far and away the best players in the nation aka. beasley, mayo and rose able to take out life insurance policies on themselves, borrow against the life insurance for cash and then re-pay once they sign their big contracts?

    And if the answer is yes, we need to find a really good life insurance rep to start getting us some recruits ASAP



  2. #2
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    Re: Life Insurance Policies for college players?

    I have seen bits about borrowing against future earnings on ESPN or somewhere before. They don't need to do it via insurance anyway. They just go to a bank that is willing to take the 'risk'. On most sure fire lottery players its not tough.



  3. #3
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    Re: Life Insurance Policies for college players?

    Beasley was worth more than mayo in the end, ergo, passed the mayo.


    Let my Fred's Posse Ride: Georges, Naz, Hogue, Bryce, Nader, Monte, Matt, and McKay.

  4. #4
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    Re: Life Insurance Policies for college players?

    It's against lending rules to lend to people based on future earnings - I know this was an issue somewhat with LeBron and his Hummer he had in high school.



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