Life Insurance. Even MJ had some.

Michael Jackson's life insurance paid out
Records don’t indicate how much was paid to estate administrators
IMAGE: Jackson
Michael A. Mariant / AP
Court filings state the administrators of Michael Jackson's estate have received the King of Pop's life insurance proceeds.
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updated 1 hour, 24 minutes ago

LOS ANGELES - Court filings state the administrators of Michael Jackson's estate have received the King of Pop's life insurance proceeds.

The records, filed Friday in Los Angeles, are redacted and don't indicate how much the policy paid out. The filings state that money designated for Jackson's three children has been received by a trust being handled by special administrators of the singer's estate.

The filings are meant to augment a petition to give the children a monthly stipend. Another filing indicates Jackson's mother, Katherine, is also eligible for some benefits from the policy.

Live -- Michael Jackson Estate Court/Case he was not broke!!!!

I deal with this stuff all the time. I hope he had his stuff together. He had life insurance and he had $5.5 million with a broker so he was not so crazy after all. For all of you who say MJ was broke!!! Save it.


Live -- Michael Jackson Estate Court Case

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