MC Shan Questions If Labels Have Life Insurance Policies On Artists

[KingsOfKings]

 

[Ghostface Trillah]

Yes. Yes they do.

Music business is the only business where people giving you money are fine with you being a functioning drug addict.

 

[Art Barr]

Of course.
You build wealth through life insurance.
I would hope.
If they were giving out loans.
I mean record deals.
They would have policy on artists.
If they do not.
they are inept.



Art Barr

 

[morris]

Bushwick Bill Blasts Label Over Life Insurance Policy.

 

[Hersh]

thought it was common knowledge.

 

[L&HH]

If I was a label I would...so chances are they do

 

[ajnapoleon]

I question ....


Why dont artists get health insurance for themselves


They got the money right?

 

[Harry B]

Who doesn’t insure their assets if possible and the finances make sense.

Thing is that the insured must give its consent. If you Google it, you’ll see that Bushwick Bill said Rap-a-lot forced their artists to get it to get a deal. The article also says it’s rare but not uncommon, indicating that they only do it with people who live reckless lives, people with bad health and when the finances make sense.

 

[hu3ypdadon]

Of course they do so when you don’t follow the rules they will put a hit on ya life n then collect ya life insurance..Illuminati

 

[Cladyclad]

I question ....


Why dont artists get health insurance for themselves


They got the money right?

The shyt is no more than a 100 a month lol

I pay $33 for 300k coverage

 

[ajnapoleon]

The shyt is no more than a 100 a month lol

I pay $33 for 300k coverage

I hate that this is a thing

I'm really big on personal responsibility

Your management team thats taking money from every show you do ...should be helping you with that if your not smart enough to do it yourself


its not the labels job to do that


you not paying your taxes is not the labels job


Ok fine i will give you first contract to sign a shyt deal


what about eveytime else


At SOME point you hav to look in the damn mirror call up the IRS and make a deal a payment plan do more shows to pay it off


they work with every one and you damn sure gettng the calls and letter



And if the label have life insurance on you ....how can you not know that

 

[L&HH]

I question ....


Why dont artists get health insurance for themselves


They got the money right?

"Health" insurance and "Life" insurance aren't the same thing. Life insurance is a policy when you die and the policy holder/benefactor receives money. I'm sure you can see the obvious conflict in that when it comes to a record label.

 

[Why-Fi]

vampires

 

[King Poetic]

Guarantee they have it on rappers especially Chicago and Jacksonville rappers

 

[Bolzmark]

Corporate America moves…Walmart does that sh!t. There was a story a few years back where one of their workers died. They had a life insurance policy on her and collected $75,000. Her husband couldn't afford the funeral and asked them to help

You already know what the answer was