Monday, 16 January 2012
Astonomical Insurance Policies Of The Rich And Famous
The insurance business can often be a dog-eat-dog world as it’s highly competitive and quite serious. However, there is a lighter side to it sometimes and we can take a bit of a break and look into that aspect of the insurance world today.
Entertainers have been insuring themselves or at least parts of themselves for decades now. For instance, Second World War pinup girl Betty Grable had her legs insured by her movie production company for a cool million dollars. Entertainers are still in the habit of taking out huge insurance policies and of course when adding inflation into the equation some of the policies are enormous these days.
Let’s have a look at some modern-day singers and musicians to see what insurance policies they reportedly possess. Gene Simmons, the bass player for rock band Kiss and reality TV star, supposedly had his tongue insured for $1 million when the band was at its peak. Rolling Stones guitarist Keith Richards insured his middle finger for $1.6 million, but just on his left hand.
Jeff Beck, another famous British guitar player formerly of the Yardbirds, learned his lesson several years ago when he happened to slice off the top of his left index finger when chopping carrots in the kitchen. The finger was reattached surgically and Beck then insured each one of his fingers for $1 million, for a $10 million insurance policy.
American pop Singer Mariah Carey reportedly has her legs insured for a grand total of a billion dollars. The premiums on this must be sky high. If anybody asked British singer Tom Jones, “What’s new pussycat?” he could tell them he’s taken a $7 million insurance policy out on his fur, I mean chest hair.
According to an article by tonedeaf.com.au, American singer/actress Jennifer Lopez has a policy that’s worth between $27 million and $1 billion to cover her rear end. Another singer/actress, Dolly Parton, has supposedly insured each one of her breasts for $300,000.
Singers Rod Stewart and Bruce Springsteen both realize their careers would be over without their voices so they’ve each taken a $6 million insurance policy out on their vocal chords. Stewart underwent surgery for throat cancer back in 2000, so it was probably a good idea on his part.
Bono, singer for Irish rock group U2, was thankful he had an insurance policy since the band’s 2010 tour had to be postponed due to the front man’s back injury. It cost his insurance carrier about $17.5 million.
