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Jim Harbaugh and Michigan Agree to Increased Compensation in Form of Life Insurance Loan

August 26, 2016
Jim Harbaugh and Michigan Agree to Increased Compensation in Form of Life Insurance Loan

Recently, the University of Michigan and head football coach Jim Harbaugh agreed to a contract amendment that increases his total compensation from the school. The additional compensation will come in the form of a life insurance loan, in which the school will loan Harbaugh $4 million in 2016 and an additional $2 million for the following five years to pay the premium on a life insurance policy.

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