USC wide receiver Marqise Lee has secured a $10 million total disability insurance policy, a source told ESPN.com.
The policy would allow Lee to collect a tax-free $10 million should he suffer a career-ending injury this season and not be able to return to the game.
The source also told ESPN.com that Lee could collect should he slip significantly in the NFL draft. Lee, who finished last season with 1,721 receiving yards and 14 touchdowns, is ranked as the No. 1 wide receiver in the draft on Mel Kiper Jr.'s Big Board.
In order to get the policy, Lee went outside the program provided by the NCAA, which caps the maximum insurance policy at $5 million and doesn't allow players who are part of the program to pay additionally for loss-of-draft-value insurance. The premiums for the policies secured through the NCAA program are financed through U.S. Bank and provide that the player pay back the loan upon signing his first professional contract.
The premiums on disability insurance policies typically cost $8,000 to $10,000 per $1 million insured.
Lee joins Louisville quarterback Teddy Bridgewater ($10 million) and South Carolina defensive end Jadeveon Clowney ($5 million) as high-profile college players who have insurance policies this season. In March, Heisman Trophy winner Johnny Manziel told ESPN.com that he also would take out a policy for the 2013 season.
USC has been particularly proactive in helping its players who could make significant money in the pros secure policies.
Leinart had loss-of-value insurance for his senior year that would have paid out if he slipped from the projected top pick to No. 15. He fell, but not far enough for the policy to pay off. He was selected 10th in 2006 by the Arizona Cardinals.