John
08-09-2009, 11:02 AM
John Branca and John McClain, the temporary administrators of Jackson's will, are said to have cashed in the contract, winning £2 million for the star's estate.
Initial reports indicated Jackson's policy was worth up to £13.3 million.
But according to gossip website TMZ.com, the businessmen rushed to finalise the deal, accepting just £2 million, over fears the life insurance firm would refuse to pay if an autopsy report determined drugs were the cause of death.
The Thriller hitmaker suffered a fatal cardiac arrest at his Los Angeles home on 25 June.
Initial reports indicated Jackson's policy was worth up to £13.3 million.
But according to gossip website TMZ.com, the businessmen rushed to finalise the deal, accepting just £2 million, over fears the life insurance firm would refuse to pay if an autopsy report determined drugs were the cause of death.
The Thriller hitmaker suffered a fatal cardiac arrest at his Los Angeles home on 25 June.