Jump to main content of pageaccessibility informationSitemap
3 Oct 2024
Get an instant life insurance Get an instant term life insurance quote Cheapest life insurance rate guarantee!
LV
Aviva
Vitaility Life
Royal London
Legal & General
AIG

Life Insurance News

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.

Do you want Advice on Life Insurance?

After you have compared the life insurance information on Go Direct if you would like Life Insurance Advice, please complete our life insurance enquiry form and we will contact you to discuses your protection needs.

 

You may also be interested in:



Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. FCA Number 456600

Life Insurance uk | Mortgage Life Insurance | Critical Illness Insurance | Income Protection Insurance Quotes | Life Insurance Advice | Term Life Insurance | Decreasing Life Assurance | Critical Illness | Income Protection | Accident Sickness Unemployment | Whole Life Assurance | Remortgage | Accident Sickness Unemployment Cover | Pension Term Insurance | Site Map

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