A long-standing dispute between advocates for retired professional football players and the NFL may be slightly closer to a resolution after the NFL Alumni organization announced the league reached an agreement with Transamerica Life Insurance for a free long-term care package for the retirees.
NFL Alumni president George Martin said the deal was a step in the right direction, but that more would certainly be needed in the future.
"I'm excited that after years of neglect, the NFL has responded by instituting a well-deserved benefit for retired players. However, this is only a small fraction of the solutions needed to address retired player issues. I am grateful the NFL made this gesture, yet disappointed the [NFL Player's Association] was not a part of this agreement," he said.
Such policies are an important part of the retirement package for most older workers, experts say, but they may need to shop around online to make sure they can find the most advantageous life insurance quote available.