Colin Kaepernick Took Out $7.5M Insurance Policy Before Agreeing To Restructured Deal

Ian Rapoport of NFL Media reports that 49ers QB Colin Kaepernick took out a $7.5 million loss-of-value insurance policy prior to signing his renegotiated contract. The policy covers Kaepernick in

According to Rapoport, this policy covers Kaepernick in case of a serious injury much the same way that the injury guarantees would have in his prior deal.

Should Kaepernick get injured this year, he would receive a $7.5 million maximum payout that would not be subject to income taxes. This means that he would walk away with $14.5 million, which is what he would have made under his prior deal.

Kaepernick took a lot longer than many anticipated to get back into game shape following offseason surgeries, so it will be interesting to see how he looks today when he makes his first start of the season.

Kaepernick, 28, was in the third year of his seven-year, $126.97 million contract that included $61 million guaranteed and stands to make a base salary of $11.9 million for the 2016 season.

In 2015, Kaepernick threw for 1,615 yards while completing 59.3 percent of his passes to go along with six touchdowns and five interceptions over the course of eight games. He also added 228 yards rushing and a touchdown.