Rocker Bruce Springsteen insured his vocal cords for $ 6 million. Dancer Fred Astaire insured his legs

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Rocker Bruce Springsteen insured his vocal cords for $ 6 million. Dancer Fred Astaire insured his legs for $ 75,000 each. And, in 1999, singer and actress Jennifer Lopez reportedly took out a $ 1 billion insurance policy on her entire body. Why might stars such as these find it advantageous to take out these insurance policies? Why might insurance companies be willing to offer the policies?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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