Jadeveon Clowney Set To Purchase $5 Million Insurance Policy
South Carolina star defensive end Jadeveon Clowney has heard the constant debate about whether or not he should out the 2013 college football season to avoid injury.
Clowney was also on the field both times former teammate Marcus Lattimore suffered serious knee injuries. Jadeveon Clowney will not sit out the 2013 season, but according to Fox Sports, Clowney will take steps to insure his future in case of serious injury.
Richard “Big Daddy” Salgado, the president of Coastal Advisors LLC, told FOXSports.com that “a member of Clowney’s camp” inquired with his company about obtaining a policy worth as much as $5 million in case of a catastrophic injury that prematurely ends his playing career in 2013. Coastal Advisors has insured and guided 35 other top college prospects over the past 15 years in similar fashion, Salgado said.
Now again the policy doesn’t insure Clowney against a ACL injury or some type of season ending injury. In order for Clowney to collect that money, he would have to suffer some type of catastrophic injury.
Those type of policies are expensive to pay for, but reports suggest that the Clowney family can take out a bank loan to pay for such insurance.