How This Coverage Works

During the window of time between the policy effective date and the sooner of the date the student-athlete signs a Letter of Intent and the NLI Final Signing Date, if a student-athlete suffers a covered Injury, and he / she does not receive an offer for a Letter of Intent for an athletic scholarship or grant, or has not signed a Letter of Intent, Benefit amounts will be equal to the lesser of, 1) the actual Tuition incurred by and charged to the Insured by the school where the Insured student-athlete is enrolled or 2) the dollar amount value of the Tuition at the school with the largest Verbal Offer extended, but the student-athlete retains the option of attending his/her school of choice.

When a college or university presents a student-athlete with a Verbal Offer for an athletic scholarship or grant, there is a period between the issuance of that Verbal Offer (which is tracked and recorded in a national register maintained by a valid scouting or recruiting agency) and the signing of the Letter of Intent, which binds the athletic scholarship or grant. Due to a covered Injury, if a Letter of Intent is never offered for the student-athlete’s sport listed on their Education ProtectorSM application by the NLI Final Signing Date, or the student-athlete has not yet signed a Letter of Intent, Education Protector will provide funds for Tuition reimbursement.

Education ProtectorSM will reimburse the cost of Tuition towards an Institution of Higher Learning, (e.g. undergraduate, associate, or vocational degree/certificate) over a six year period, based on the date the athletic scholarship or grant would have become effective.