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Jessica Simpson’s Parents Are Splitting Up Her Life Insurance Policy In Divorce!

joe tina simpson splitting life insurance

Remember that sneaky, sneaky, MAJOR life insurance policy Joe Simpson took out on his daughter?

Well, turns out he WON'T get to keep it to himself!

In his divorce with Tina Simpson, Joe will have to split Jessica Simpson’s life insurance policy in half.

Guess keeping it secret didn't work!

The exes have finalized their divorce, and it seems they’re keeping things pretty equal in the end.

Not only will the $4.5 million life insurance policy be divided equally, but the parents will also split interest on Jessica and Ashlee Simpson’s management fees!

They’ve also figured out a satisfactory way to

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

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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:

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