Celebrity Financial Advice: 5 Products the Stars Endorse That'll Burn You

Betty White
Betty White

Everywhere you turn there's a celebrity singing the praises of some product -- smiling at us from airbrushed photos adorning mall makeup kiosks, posing athletically on cereal boxes, and gushing during 30-minute infomercials about the amazing thing that immeasurably improved their looks or their life.

It's only natural that financial services companies enlist the help of celebrities to sell their goods and services too. And while some of the products may sound like good initially, remember that these celebs are being paid to peddle the goods.

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We've compiled a list of five financial products endorsed by some famous faces that you really shouldn't take at face value. Remember that everyone's financial situation is different, so be sure to do your due diligence and review any terms before buying into one of the many financial products, services, and companies you see on TV.

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Jessica Alling is a contributing writer to The Motley Fool.


[CORRECTION: The slides regarding reverse mortgages and Lifeline Program Insurance Products were updated at 5 p.m. Friday to clarify the explanations of how those products work and whom they might benefit.]

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