During a recent interview with DJ Akademiks on his ‘Off the Record’ podcast, rapper French Montana stated that labels have started taking out life insurance policies on their signees.
Lately the hip hop scene has seen a number of high-profile deaths, such as Nipsey Hussle, as well as shooting and stabbing incidents. As a result of this, labels have resorted to their own life insurance policies.
In a clip released online French said, “We was beefing for real, people was dying and this and that, and it was blocking a lot of money. People didn’t want to touch you. Your rap friends stop picking up, the labels stop picking up. It gets crazy. But now it’s even crazier, they gettin’ life insurance on artist.
When Akademiks asked if they were actually being “realistic,” Montana said, “Both. They’re being realistic. You’re supposed to have life insurance anyway, but when the label does it, if you don’t have one that’s crazy.”