Lisa Marie Presley was millions of dollars in debt at the time of her death, but she’s also leaving behind tens of millions for her family thanks to several life insurance policies.
According to family sources via TMZ on Monday, the singer had taken out at least two life insurance policies before her January 12 death.
The first one was for a total of $25 million and the second was for $10 million. The insiders believe there may be a third $10 million policy, as well, but it’s unclear if it expired or not. Related: Anchor Fired For Saying Lisa Marie Was Planning Scientology Takedown! But here’s the thing.
The sources claim Lisa was actually trying to cash in on the $25 million policy to pay some of the debts she owed — totaling $4 million!!
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