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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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76.

I love you more michael    

money money money that is honey.

1841 days ago
77.

Andreemyrian    

TMZ please put better pics of MJ, they are so numerous. Thank you.

1841 days ago
78.

just sayin    

tmz for the love of God please use a better picture of mj, i have to agree with most people it looks hideous mj was still a good looking man up until the late 90's something definitely went wrong after that.

1841 days ago
79.

imjustnoisy    

The reason they are finding and collecting money right off is to impress. The more money they can collect the more they get for themselves as they get a percentage of everything.I'm waiting for the big ball to fall when they give Paul McCarthy the rights to the beattles catalog that's worth over 500 million dollars. Strange that in 2002,Michael had the chance to sell them to Paul and wouldn't do it.Now if Michael changed his mind when he supposely hired them back a week before he died, that would mean a new will dated on the date of rehire..SOMEONE BETTER HIRE THE BEST ATTORNEYS AND HANDWRITING EXPERTS THEY CAN FIND BECAUSE THESE PEOPLE CAN'T BE TRUSTED AS THEY HAVE THEIR ON AGENDA. Remember,Ms Jackson went to court without even knowing about this will and they had to add all kind of crap in it and faked the initials to make it seem legit .Pul up a copy of the will and you will see the difference in the initials from the signature.

1841 days ago
80.

Dirty    

Dude. Wait. What? So Jermaine is now going to be making money off Michael's song Smile? >:[ Nice class there, Jermie. Not. Still leaching off poor Michael's corpse, so sad.
I also don't understand the sudden payout by the insurance...
BTW, thank you TMZ for the better pictures overall of not just Michael, noticing now that the pics are clear and not photo shopped with effects. I am sure Harvey wouldn't like knowing his mug up on TMZ when something goes down with him and BAM, 'here is a distorted pic of him on the front page'! >:P Sorry Harvey. =P

1841 days ago
81.

imjustnoisy    

PEOPLE PLEASE SEARCH UNDER MICHAEL JACKSON'S WILL TO SEE ALL THE DIFFERENT INITIALS AS YOU STROLL THE 5 PAGES AND YOU WILL SEE FOR YOURSELF.

1841 days ago
82.

HumanNature    

MJ FANS JUST BUY THE ORIGINAL "SMILE" BY MICHAEL JACKSON, "THE KING OF POP"!!!!

RIP MJ

1841 days ago
83.

Dirty    

80. tmz for the love of God please use a better picture of mj, i have to agree with most people it looks hideous mj was still a good looking man up until the late 90's something definitely went wrong after that.

Posted at 9:34AM on Aug 8th 2009 by doggone lover
_____________

What you mean only good looking til the 90's? Psh! He was good looking til the end. Piff!

1841 days ago
84.

doc murry    

my picks twho should play in the michael jackson epic.. wacko jacko invades new york.
jim kerry could play jacko...
lindsey lohan could play latoya
paula abdul could play janet jackson,
oompa loopa's could play the 3 kids,
joan rivers could play grandma jackson
simon cowell could play joe jackson

1841 days ago
85.

Dirty    

The only thing that thorns my side is the make-up stylist he has that keeps putting that red lipstick on him! Makes me want to write redrum with said lipstick on thier backs! Michael needed to hire the make-up person from the 2007 Ebony photoshoot and covert them or find someone that can take into consideration that Michael was a -black man- and use that make-up to compliment that fact! Psh! >.>'

1841 days ago
86.

Lovely Rita    

Life insurance companies DO NOT pay death benefits until a CAUSE OF DEATH i.e. Death Certificate - is provided. There is something wrong with this TMZ story.

1841 days ago
87.

billy buck    

That make up job on the mannequin on the right is horrible!

1841 days ago
88.

Cece11    

I guess MJ knew what he was doing when he hired these two.

1841 days ago
89.

Dirty    

Ok, TMZs comment boards are glitched to heck, what's with not posting my full post and them spam posting one sentences? >.>? Fix plox.

1841 days ago
90.

just sayin    

What you mean only good looking til the 90's? Psh! He was good looking til the end. Piff!

Posted at 10:09AM on Aug 8th 2009 by Dirty
************************
ok he did have his bad phase in the early 2000's but he was starting to look alot better recently i agree he should have ditched the make up artist as that hair and lipstick wasn't doing anything for him he sshould have gone back to his curly hair days

1841 days ago
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