9. Career Insurance
Not all celebrities can attribute their success to a single body part. That’s why some have gone the extra mile and obtained insurance policies to safeguard their entire careers. Take the case of comedy duo Abbott and Costello, who secured a $250,000 policy to protect against disputes that could potentially end their partnership for five years. Similarly, soccer superstar David Beckham has taken out insurance coverage that would provide him with a staggering $151 million in the event of a career-ending injury. For individuals whose careers are their sole means of livelihood, such insurance policies offer a rational and prudent approach. When the paychecks, endorsements, and speaking engagements come to an end, celebrities seek financial compensation to sustain their livelihood.