Michael Jackson’s Insurance Worthless
TMZ NEWS:
It seems that Michael Jackson’s insurance policy taken out on Michael Jackson to cover tens of millions of dollars in losses in the event of his death.
According to the insurance policy, it does not covered the death related to illegal drug use, the illegal possession or illicit taking of drugs and their effects. Although the drug is legal, it should never be administered at someone’s home, according to all the medical professionals with whom we’ve spoken.
According to the Times Report, the policy only covered losses as the result of an accident. The only way the policy would have covered death is if a second physical had been performed on Jackson – but it wasn’t.
As we know, The Insurance policy covered $17.5 million. AEG reportedly claims it’s in the hole $30 mil.
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