Life insurance policy? Is Joe Simpson this year’s Grinch who stole Christmas?
Written by Melanie Vare+
As the holiday-of-all-holidays quickly approaches…let us tell you a story…a story that has absolutely NO holiday spirit…“Zip. Zero. Zilch. Zippity do da” (as Screech from Saved by the Bell would say).
More shocking information is coming out about Joe Simpson; this time he’s been discovered to have taken out a life insurance policy on his No.1 income source—his famous daughter. No, he wasn’t planning to cash in on it anytime soon (thank goodness), but it was done behind his soon to be ex-wife and Jessica’s backs.
According to Radar, Joe Simpson secretly took out a $4.5 million life insurance policy in daughter Jessica Simpson’s name with himself listed as the sole beneficiary. It was drafted about 8 years ago, but Jess and Tina Simpson only found out about its existence last week.
Tina’s attorneys at Dunnam & Dunnam were made aware of the policy’s existence in a meeting with the Simpsons’ business manager, David Levin, and the source said that both Jessica and Tina are “furious” that Joe had done such a thing without the knowledge of either of them.
“Tina found out about yet another one of Joe’s secrets and couldn’t believe what she was hearing,” a source close to the Simpson family said.
“It was pointed out to Tina that as Jessica’s manager Joe wasn’t doing anything underhanded by taking out a policy to protect his biggest income source, but she was absolutely furious that Joe did it without consulting her or Jessica. Joe’s actions have put a massive strain on the family, and it is only getting worse,” the source said.
However, Jess was able to put aside Joe’s little life insurance deception, for a few hours this weekend, to make polite party conversation at the wedding of her best friend, Cacee Cobb, and actor Donald Faison.
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