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28 Mar 2024
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Michael Jackson's children 'cheated' out of life insurance

Michael Jackson's children are at risk of being left in future financial jeopardy following news that an aide failed to pay the musician's life insurance premiums in the last months of his life, it has emerged.

According to Dr Steven Hoefflin, a plastic surgeon who was one of the King of Pop's closest friends, the aide is believed to have kept the money for himself instead of keeping up with the payments, reports the Sun.

"The family have told me that, utterly unbelievably and horrifyingly, one of his aides did not keep up with payments in the last months of his life," the doctor is quoted by the newspaper as saying.

He added: "This was hugely important to him – it was money for his children. The family are furious and they are now seeking a lawsuit against the person believed responsible."

Michael Jackson's children could now end up receiving only $2.5 million (£1.5 million) instead of the $22.5 million they would have been entitled to from the policy, which was taken out in 2002, Dr Hoefflin revealed to the paper.

Life insurance is recommended as an ideal way of ensuring dependants' financial futures are protected in the event a policyholder dies.

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Michael Jackson's children 'cheated' out of life insurance