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Joe Simpson SECRETLY Took Out A $4.5 Million Life Insurance Policy On Jessica…And Named HIMSELF Sole Beneficiary!

| Filed under: Jessica SimpsonLegal MattersLove LineSad SadPoppa JoeBusiness Blitz

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YEESH!

And to think that just this weekend, they were all back together again and getting along!

Guess the reunion was short-lived!

The war between Jessica and Ashlee Simpson's divorcing parents, Joe and Tina, was set aside on Saturday as the family celebrated the wedding of CaCee Cobb and Donald Faison, but according to new reports, the singer and her mother were recently devastated to discover that dear old dad reportedly took out a $4.5 million life insurance policy on his biggest meal ticket…without telling EITHER of them and naming HIMSELF as the sole beneficiary!

Apparently, Poppa Joe did all of this in secret over 8 years ago, but Tina and Jessica were only made aware of its existence during a meeting between her lawyers at Dunnam & Dunnam and his business manager, David Levin!

Insiders explain:

“Tina found out about yet another one of Joe’s secrets and couldn’t believe what she was hearing. It came out in a meeting with David and her attorneys last week that Joe set up a life insurance policy for Jessica 8 years ago that made him the sole beneficiary. 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’s only getting worse. It’s hard to see that Tina and Joe will ever be amicable with each other again and the divorce case is shaping up to be very messy.”

It certainly sounds that way!

Obviously, this man has made a habit of keeping certain details about his professional and personal life private from his wife and kids, and we have to admit at this point that we're VERY curious to find out what other kind of shiz he's been up to that will no doubt come out eventually!

It's just such a shame that his family has to find out this way, too!

Tisk, tisk, tisk!

[Image via WENN.]

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6 comments to “Joe Simpson SECRETLY Took Out A $4.5 Million Life Insurance Policy On Jessica…And Named HIMSELF Sole Beneficiary!”



  1. 1

    FAKE STORY AS USUAL.



  2. 2

    If true,,, so what?? I would have done the same thing.



  3. 3

    if this is true.."HOLY CRAP"



  4. 4

    lemme guess then went and bought a gun

  5. @v@ says – reply to this


    5

    Re: raypearson – Agree. A policy on family members by a head of household is fairly common, and is also common sense if its your business income.
    4.5 million is nothing compared to what she was raking in back then. She's worth far, far more than that.

  6. Pia says – reply to this


    6

    He is a sick dude. Not far off from Jerry Sandusky?