Kim Kardashian’s $10 Million Life Insurance Policy from Kanye West

Although we usually always try to educate and report on valuable advice and powerful features of life insurance, every now and then we “go off the grid” and pull something pertaining to life insurance from the tabloids.  This week we came across some rumors that Kanye West (who is now in a relationship with Kim Kardashian) has purchased a $10 million dollar life insurance policy on himself for the behalf of Kim.  In layman’s terms, if Kanye dies, Kim gets $10 million in tax free life insurance.

The rumor started as Kris Jenner, Kim’s mom, has been giving the couple a hard time about the risks of their wild travels and the crazy fans that they have all over the world.  According to a family friend, ““Kris has made it known to Kim and Kanye that she expects the singer to take out a hefty life insurance policy, naming their baby as the primary beneficiary and Kim as second.”  And here is the family friend said in regards to Kanye in this life fiasco, ““Kanye is absolutely on board with getting the policy and had actually already looked into it before Kris brought it up. Kanye is in perfect health but he travels a lot and performs all over the world, sometimes in not so safe locales, and that concerns Kris. It’s basically just good sense, and pretty common procedure for new parents, though not usually for such a high amount! Kim will also be taking out her own life insurance policy naming the baby as the beneficiary.”

So there you have it folks, even rich celebrities have to worry about mundane and boring topics such as life insurance.

 

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