Brands find value in taking life cover for celebrities because of their relationship with the brand. Lloyd’s of London is a syndicate that insures a whole range of things, including wacky ones, such as providing lottery insurance to employers in case their employees win the lottery and quit their job. Lloyd’s also provides life insurance cover to celebrities with special focus on their body parts. Most celebrities, either out of their own choice, or the brands that represent them, require insurance coverage on specific body parts. Lloyd’s of London has been insuring celebrities, and even red-carpet events for almost a century.
Parts celebrities take coverage forCelebrities taking life insurance plans is nothing new. But it points to an important consideration. Celebrities depend on their body parts to sustain their income and as such, their insurance is also to help them for loss of income. A traditional life insurance policy also has the same objectives, it provides compensation for the loss of income on the death of the insured.
Know more about celebrity insuranceStars are underwriting new policies which are more and more common and are sometimes deemed «unreasonable», much to the delight of insurers who make of these policies their flag bearer.
Tips to compare celebrity insurance
Thus, it makes sense that the biggest A-listers would take out insurance policies to cover their assets. The celebrities tend to ensure their different body parts which are decisive in their particular career. The things that celebrities generally tend to insure are their legs, vocal chords, buttocks and so on.