You buy a life insurance policy to cover your family’s expenses after you die. If you bungle — by getting too little coverage, skipping payments or not updating your policy — the result can be a quagmire.
The same goes for celebrities, with oodles more money at stake. Their life insurance policy errors can lead to dwindled coverage equal to far less than what stars are worth.
See these big-name examples of what not to do. More >>