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Jackson Honchos Score $3 Mil

8/8/2009 2:30 AM PDT BY TMZ STAFF

The special administrators of Michael Jackson's estate scored a big one -- reeling in $3 million from the company that issued a life insurance policy to M.J.



John Branca (above) and John McClain quietly cashed in the policy -- reports it was worth upwards of $20 million are simply not true. It was a $3 million payout. And here's why it was a swift move -- the coroner hasn't even released the autopsy report yet.

Some life insurance companies are hinky about paying out proceeds until the cause of death is known. Remember Heath Ledger's death, when the life insurance company wouldn't promptly fork over the $10 million because Heath allegedly lied about drug use on the application?

Somehow Branca and McClain convinced the insurance company to ante up with lightening speed -- and the estate is $3 million richer for it.

647 COMMENTS

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1.

SuperGirl    

SERIOUSLY TMZ what the hell is up with these ugly ass pictures of MJ how long has he been in the spotlight?!!!! COME ON GET SOME BETTER PICS!!!!!!!!!!!

1794 days ago
2.

Gay With Acne    

Hello, Homosensuals!!!! Does it make you sad to see me FIRST????

Well it shouldn't! I have nothing but love for every one of you, even though you tend to gossip a lot!

Have a wonderful weekend you sillies!

1847 days ago
3.

balls    

balls

1847 days ago
4.

Steph    

OMG!!!...gotta luvit!


http://www.littlegirlmart.com
all things little girls

1847 days ago
5.

vivi    

money everyhere. $_$

1847 days ago
6.

LoveHimMore    

I don't believe it. The insurance company would not pay out without knowing the cause of death. Also, you don't insure a 30 million dollar investment for only 3 million, especially when you consider the money they are losing from the ticket sales. This is bogus.

1847 days ago
7.

holmes    

lol Branca further buried MacJoe 20 ft under..

1847 days ago
8.

balls    

Alright Steph. You and your filthy webpage are going down. And let's bring in that gay kid with the bad acne while we're at it.

1847 days ago
9.

TEAMBRANCA    


Go TEAM BRANCA!!!

1847 days ago
10.

Moni    

lol..smart move!!

1847 days ago
11.

Paparazzo@frog.cc    

Ka-ching!

1847 days ago
12.

Simone    

First page!!!!!

1847 days ago
13.

over 9000    

not first

1847 days ago
14.

over 9000    

Ive seen the balls guy in over 9000 posts

1847 days ago
15.

TEAMBRANCA    

Holmes I think Jermaine came across very nicely on LKL.

Was supportive of Branca, McClain and the will.... happy to hear he is consistent.

Positive and reflective...a lot like MJ.

1847 days ago
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