Nick Cannon has explained just why he decided to safeguard his "most valuable assets" for an eyewatering $10 million . And by "most valuable assets" he means his testicles. Nick, 43, proudly announced his new investment to Entertainment Tonight in an interview published on Monday, July 1.

Nick Cannon says it 'difficult' to reflect on friendship with pal Diddy in unearthed clip Nick Cannon takes out $10M 'insurance policy' on his testicles after fathering 12 kids As he explained: “Because you hear about like all these different celebrities insuring their legs ...

so I was like, ‘Hey, well, I got to insure my most valuable body part.’” The Wild 'n Out host took to social media last month to announce his plan to financially preserve his male genitalia. “It’s official! I have the most valuable balls in the world!” he penned on Instagram.

The announcement was also a nod to his partnership with soap and grooming company Dr. Squatch. “Instead of listening to the haters and getting a vasectomy, Nick is doubling down on his valuable family jewels and protecting his productive pair (and the super sperm inside of them) so he can keep procreating for years to come,” a press release for the brand’s Ball Care line read.

While Nick insisted that insuring reproductive organs was legit, he told the publication that it doesn’t signify plans to expand his already huge family in the near future, pointing out: "[I’m] just making sure nothing goes wrong." Don't Miss: Lily A.