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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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16.

cgirl Caron    

Genius! R.I.P MJ may your dad not get a penny.

1871 days ago
17.

matt    

$3 million is nothing,really when you think about it.

1871 days ago
18.

Simone    

I have seen this Ball's guy in many, or all, the boards on this site. It is starting to sounds funny. Hahahahahahahahahahaha.
And crazy, too.

1871 days ago
19.

holmes    

brancarocks.. yeah watched it.

I do have a feel their case will really fall flatter than a pancake before they even get back to court. as this 'challenge' is truly a foolhardy exercise and a waste of money in legal fees.. Katherine will get less from that 40%-as she'll pay for it.

1871 days ago
20.

TEAMBRANCA    

You know my true feelings about Jermaine...but I was happy to hear what he said.

Must say you have a way with words ... Indeed BURIED him
hope to never see McJoe's smarmy face again.

Peace

*****************************************************************


4. lol Branca further buried MacJoe 20 ft under..

1871 days ago
21.

TEAMBRANCA    


"Reportedly" the policy was for about 20 million but some crooked advisor pocketed recent premiums...
but Branca was having none of that .... AEG should borrow him and sick him on Lloyds ha ha

so sad MJ was surrounded by vultures

1871 days ago
22.

lankandiva    

DAMN GOOD,MICHAEL WAS CERTAINLY NOT DUMB,A VERY SMART MAN.GOD BLESS HIS PRECIOUS KIDS..LOVE YOU SO MUCH MICHAEL JACKSON..

FOR ALL THE MICHAEL JACKSON FANS IM SURE MANY OF YOU HAVE HEARD TRIBUTE SONGS ALREADY BUT HERE ARE SOME OF THE ONES I LOVE AND LISTEN TO-

"BETTER ON THE OTHER SIDE'-By the Game feat.Usher,Chris Brown,P.Diddy,and Boyz ii MEN,peole i cry when i isten to it..its the perfect song fo rmj and how many of us feel..anothher 4 songs that i Love are-
"LIGHTS WET OUT TONITE ' By Riz,
"WE MISS U"-By Yung Berg feat Loco
"ANGELS"-By Yung Berg feat Hot Dollar
"HUMAN NATURE'"-Marios version..

Enjoy people..R.I.P MICHAEL JACKSON..I LOVE YOU MORE..YOU ARE THE KING OF ENTERTAINENT AND HUMANTY OF ALL TIME

1871 days ago
23.

Pearl Jr    

Lies, Lies Lies!!! There is no way the insurance would pay Jesus Christ without a "cause of death" period!!!! Come on TMZ be real!!!!! No insurance has been paid!!! What insurance company??? None mentioned because no one has paid out yet???? Desperate attempt for news, huh!!!

1871 days ago
24.

a total fan    

I guess the insurance company got to see a copy of the report and found that drugs use was not the cause of death. Why else would they pay? Maybe they know that the propofol was the cause and that is going to turn into a criminal case

1871 days ago
25.

SHEILAB_UK    

Good Job WELL DONE Michael knew what he was doing when he choose these two men. IF THESE TWO WERE JUDGES THAT DOCTORRRRRRRRR MURRAY WOULD BE BEHIND BARS ALREADY .

1871 days ago
26.

fish taco    

The Pic of MJ looks like a confused transvestite...

1871 days ago
27.

dirtyfolks    

Omg michaels chin in that photo is scary..
Im just saying..

1871 days ago
28.

MADArainae    

Oh yeah, Branca, you go boy!

When you get famous, the best choice you have is Branca, huh? Michael, you're a genious!

1871 days ago
29.

keith    

OVER 9000 !!!!!!!

1871 days ago
30.

maizieful    

Still upset about the Jackson brothers, sister's and all others who did not step it up to stop this from happening..How could this happen? Well if they didn't jump in and avert this self destruction for not wanting to be left out of the will I guess it didn't work or pay off.....Sad....

1871 days ago
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