According to an Non-confirmed infomartion, $80 million insurance payout if Jackson doesn’t sing, so, how much will pay if he die? How about Michael Jackson’s Financial Situations when he dead? The estates, the debts, the insurance and so on.

News from the AEG boss: Jackson insurance covers overdose, Insurance will cover loss on canceled concerts if death is not natural causes. As TMZ informs, a $17.5 million insurance policy covered everything, including death by overdose, as AEG Chief Executive Randy Phillips explains. As he tells TMZ, organizers wanted to cover all grounds, except natural death. However, Michael’s tragic and sudden passing still leaves them high in debt, as the celebrity gossip website / paparazzi agency informs.

“AEG took out a hefty insurance policy in case Michael Jackson’s 50 London concerts fell through – turns out the policy covered an MJ overdose. AEG’s chief executive Randy Phillips said the $17.5 million insurance policy from Lloyd’s of London didn’t cover a death from natural causes. Phillips said the policy would still fall short of the money spent on Jackson’s advance, producing the show, covering some of MJ’s debts and paying his staff and rent – which cost between $25 and $30 million.” TMZ writes in a recent post.

Michael Jackson’s Estate: The value of Michael Jackson’s estate has been estimated at over $1 Billion dollars.  Jackson owned a 50% stake in the Sony/ATV Music Publishing catalog, whose value alone may exceed $2 Billion.  There has been wide speculation as to the value of this 50% share, but for the sake of this article, let’s assume that when you add up the value of Neverland Ranch, art, publishing rights to his music, and countless other valuables, his estate assets equal $1 Billion.

Estate Taxes: After paying Jackson’s debts, the executors must pay estate taxes on the remaining value of the estate. The first $3.5 Million will pass to his beneficiaries estate tax free, but every dollar after that will be taxed at a federal rate of 45%. Assuming his taxable estate is valued at $100 Million, that means Jackson’s estate will have to come up with $45 Million in 9 months. Note: Some of the value of the estate will be excluded from estate taxes depending on if it was held by a trust and how those assets were titled.  In addition, any money in the estate donated to charitable organizations is not taxable.

Where Life Insurance Comes Into Play:  Since selling Jackson’s stake in Sony/ATV, or his ranch and art would be difficult, or next to impossible to do in 9 months, life insurance could have helped Michael Jackson’s estate tremendously.  Remember, his problem is not insolvency, but the 9 month time crunch. Remember, his problem is not insolvency, but the 9 month time crunch.  His problem is not that he can’t pay the estate tax, but that his money is all tied up in his assets.  Wouldn’t a $20 or $30 Million dollar life insurance policy made sense as an excellent source of liquid cash to pay estate taxes now?