By Gerda Loadathys
Desert Rat News entertainment writer
HOLLYWOOD – In what could go down as two of the most curious moves in celebrity finance history, actor Tom Selleck has signed up for Medicare Advantage, and football legend Joe Namath has taken out a reverse mortgage.
Sources confirmed that earlier this month, the 75-year-old Selleck -- with an estimated net worth of more than $21 million as well as a health policy through the National Rifle Association -- signed up for the Medicare plan.
About the same time, Hall of Fame quarterback Namath, 77, took out a reverse mortgage from American Advisors Group (AAG) on his mansion in Florida, despite having no apparent liquidity concerns.
It was not clear why the two stars made the moves, but one source noted that both are big consumers of daytime television, where Namath pitches Medicare Advantage on behalf of a call center, and Selleck hawks reverse mortgages for AAG.
“These two hucksters are very persuasive – and, at their age, very persuadable, too. So they probably just talked themselves into each other’s thing.”
Namath could not be reached for comment, but in an interview by phone, Selleck, who starred in the 1980s TV series "Magnum P.I.," hinted it was because of Namath.
“You know, I really don’t even like football. I’m a baseball guy. But I’ve always liked Joe, ever since he started wearing those pantyhose.”
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