Disability In The News – Kim Pegula
Tomorrow, the NFL season kicks off. One of the most powerful women in sports will be missing from the ownership room again this year. Kim Pegula, age 55, suffered a cardiac event in June of 2022. Since June of 2022, Jessica (her daughter) explained, “She is dealing with significant expressive aphasia and significant memory issues.”
Just a few months ago, Terry Pegula made the difficult decision to remove Kim as co-owner of all of the Pegula properties including the Buffalo Sabres because she remains incapacitated and there is little hope that she will return to be the vibrant leader she was before the medical incident.
The Athletic reported a few months ago that a judge has named Terry Pegula the “plenary guardian” of Kim and the bulk of her assets have placed in a trust with Terry as one of the co-trustees.
She has visited the team’s practice a few times, but sat in the car each time. This year, she visited the practice and this time she exited the vehicle and was able to join the team in their post-practice breakdown.
Disabilty does not discriminate against the poor or wealthy. It does not matter your bank account balance, disability can happen to anyone and at any time. Kim was 53 when she suffered her cardiac event. She was the president of Pegula Sports and Entertainment, the holding company that managed the Buffalo Bills of the NFL and the Buffalo Sabres of the NHL, in addition to several other minor league sports teams and entertainment assets.
How can you protect yourself?
Income Protection insurance is the simple answer and it has never been easier to protect your income. For business owners, this is a good time to think about Business Overhead Expense insurance. If you were not able to run your business for a while, what would happen to the business and employees? Business Overhead will cover the bills while you recover or give you time to find a buyer for your business.
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