By Sam Fremin, Click HERE to view full article

The “We Are NIL” collective purchased permanent total disability insurance for Penn State football offensive tackle Caedan Wallace, as announced by the group in a press release Tuesday.

In its release, the collective wrote that similar insurance transactions are in the works, aiming to “provide this coverage to eligible members of the football team.” Permanent total disability insurance typically allows claims from policyholders who are permanently unable to work in their trained occupation due to significant injury or sickness.

We Are NIL also announced its signing of defensive lineman Dvon Ellies and defensive back Ji’Ayir Brown.

“I have spent the past several months… securing resources not offered anywhere in the country,” founder Michael Krentzman said. “We Are NIL enters the market today as the first NIL collective [believed to be] providing permanent total disability insurance to eligible student-athletes and with a war chest of unbeatable resources empowering Penn State football players to achieve a lifetime of professional success.”

The collective also provides financial literacy education through a partnership with Kish Bank, as well as micro internship opportunities that fit within student-athletes’ busy schedules.

A student membership program is expected to be rolled out soon, with benefits for those who join. Tiered subscription programs are already available for Penn State community members.

More information about We Are NIL can be found on its official website.