Sports Tuition Expense Protection (STEP)
The costs of participating in team sports – from youth sports to adult leagues – have skyrocketed.
Sports teams and leagues rely heavily on pre-paid, nonrefundable tuition and fees to meet significant budgets for coaches, referees, equipment, facility rentals, insurance and more. So how do families protect their tuition and fees* if an athlete is unable to play? This may be due to injury or sickness of the athlete or close family member, or the relocation of the family.
An Easy Solution That Benefits All
The STEP program provides an easy solution that benefits both the participant’s family and the organization. The participant’s family receives financial reimbursement*, and the organization leaves its budget intact. As a result, the relationship between the organization and family is maintained and, as an ancillary benefit, the pressure of rushing back to the team is lessened, allowing the athlete time to address the reason for the absence.
The program can be placed by the organization for all participants or offered as an option, with minimal commitment from the organization. Either way, it offers great protection at an affordable price with limited paperwork.
In most cases, about what you would pay for a hockey stick! The premium is based on the sport, the athlete’s age and the cost of tuition. For example, a 12-year-old ice hockey player, whose tuition is $6,000 would pay $168 for coverage.