6 Bizarre Celebrity Insurance Policies

From paparazzi to bodyguards to mansions and private jets, celebrities live an unconventional lifestyle. Add one more to the list: absurd insurance policies with mega-buck payout plans. Unlike typical insurance plans covering your house, car or valuables, the risk is high for insurance companies guaranteeing celebrity body parts for sky-high sums of money. (For related reading, also take a look at 10 Costly Celebrity Divorces.)
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But Lloyd's of London is an insurance giant famously known for taking on big-digit celebrity insurance policies over the years, including the legs of Fred Astaire and the fingers of Rolling Stones' Keith Richards. From legs to chest hair to tongues, here are five of the wackiest celebrity insurance policies.

1. Shirley MacLaine's Alien Abduction
Storied actress Shirley MacLaine is the owner of one of the most bizarre insurance policies in Hollywood, reports Parade Magazine. According to the publication, MacLaine, who is widely known for her beliefs in reincarnation and extraterrestrial life, owns a $25 million policy protecting her acting fortune against an alien abduction. In fact, in the U.S., more than 20,000 people have forked over insurance money to cover themselves in the event of an alien abduction.

2. Gene Simmons' Tongue
Gene Simmons, the bassist for the iconic late-'70s band, Kiss, added his own signature move - sticking out his extra-long tongue - to the band's widely recognizable stage presence of black-and-white face paint and rocker costumes. His tongue, which has been rumored to be surgically enhanced, was reportedly insured for $1 million when Kiss was at its peak.

3. Tom Jones' Chest Hair
In this day and age, a lot of appearance-conscious men are looking to wax or trim their wayward hair. But the pop singer Tom Jones must think a little fuzz is critical to his stardom as a sex symbol. In 2008, the New York Daily News and several other media outlets reported that Jones had his chest hair insured for $7 million. Other sources, however, have alleged that this information is false.

4. Dolly Parton's Bust
Country sensation Dolly Parton, whose musical talents are synonymous with her curvy figure, has insured her 42-inch bust for $600,000, reports ABC News. That's $300,000 per breast.

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5. Keith Richards' Middle Finger
Several media sources have reported that the Rolling Stones' guitarist, Keith Richards, has covered the middle finger on his left hand for $1.6 million.

6. David Lee Roth's Sperm
Taking the idea of insuring body parts a step further, David Lee Roth, the lead singer of Van Halen, decided to pay a premium on his sperm with over a $1 million insurance policy, according to U.K. newspaper The Independent. Some say this was a forward-thinking move, warding against any possible paternity suits.

Why Do It?
It's not the celebrity who is footing the bill. Instead, often times, the insurance policy is covered by entertainment companies or endorsers. For example, Proctor & Gamble has an insurance policy on Pittsburgh Steeler Troy Polamalu's curly, long tresses because the NFL strong safety is the face of the company's shampoo, Head & Shoulders. Likewise, as a poster child of pearly white smile, Aquafresh has insured the teeth of Ugly Betty's America Ferrara's teeth for $10 million. Insiders speculate that the trend of insuring body parts is used to create press for a celebrity or ignite attention for a brand - and to increase the overall dollar value on what is deemed a priceless star. (For additional reading, also see Outrageous Celebrity Appearance Fees.)