Elvis Presley's life insurance policy has been the subject of much speculation, with some sources claiming that it was never cashed in following his death in 1977. There are various theories as to why this may be the case, including suspicions of suicide and the potential release of autopsy findings. However, others refute these claims, stating that the insurance money was indeed collected.
Separate to this, Presley's daughter, Lisa Marie Presley, took out multiple life insurance policies before her death in 2023, which resulted in a $30 million estate for her three daughters.
Characteristics | Values |
---|---|
Number of life insurance policies | 2-3 |
Value of life insurance policies | $25 million, $10 million, and possibly another $10 million |
Beneficiaries | Riley Keough, Finley Lockwood, and Harper Lockwood |
Status of life insurance policies | Not cashed in |
What You'll Learn
Elvis's life insurance policy was never cashed in
Elvis Presley's life insurance policy was never cashed in. The King of Rock and Roll's daughter, Lisa Marie Presley, was the beneficiary of the policy. However, she died before she could claim the money.
Lisa Marie Presley, who inherited $100 million from her father when she turned 25 in 1993, had managed to lose or squander most of her fortune by the time of her death in January 2023. She was in millions of dollars of debt at the end of her life, owing $2.5 million to the IRS alone.
It is believed that Lisa Marie took out two life insurance policies, one for $25 million and another for $10 million, and was trying to cash them in to pay off her debts. There may have been a third policy worth $10 million, but it is unclear if it lapsed.
The policies were never cashed in due to a screw-up in the paperwork, and as a result, Lisa Marie's estate was flushed with cash the moment she died. After her debts are cleared, there will reportedly be $30 million left over, which will be divided equally between her three children: Riley Keough, and 14-year-old twins, Finley and Harper Lockwood.
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The insurance company suspected Elvis's death was a suicide
Firstly, it is odd that the insurance policy was never claimed. One source suggests that the Presley estate was so wealthy that they simply didn't need to claim it. However, others disagree, stating that the insurance money was paid in by Elvis, and therefore his estate had a right to it. It is also suggested that the insurance company would have to pay out, as they cannot keep money that doesn't belong to them.
Secondly, there is the question of what an autopsy would reveal. It is speculated that the autopsy findings would have been made public if the insurance money had been claimed. It is thought that the autopsy may have revealed that Elvis died by suicide, or that he was allergic to codeine, which was found in his body at the time of death. However, it is also argued that there was no indication of an allergic reaction to codeine in the autopsy, and that Elvis had taken codeine many times before with no adverse reaction.
Thirdly, there is the question of whether Elvis was in the right state of mind to commit suicide. Some sources suggest that he was upbeat and looking forward to an upcoming tour. However, others argue that we cannot judge the state of mind of another person, and that Elvis may have been past the point of no return.
Finally, there is the question of whether Elvis would have wanted to die by suicide. Some sources suggest that he would not have wanted to die in front of his daughter, Lisa, who was in the house at the time. Others argue that he would not have wanted to be found on the toilet, which is where he died.
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Elvis's autopsy would have been made public if the insurance was claimed
Elvis Presley's autopsy report was sealed for 50 years, at the request of his family, sparking a slew of speculation about the cause of his death. The autopsy was completed on the same day he died, and involved the removal of all vital organs, which were then sent to a pathology lab for testing.
The report was finally unsealed in 2027, revealing that Presley suffered from chronic constipation, which, combined with years of prescription drug abuse and a high-fat, high-cholesterol diet, led to his death. The position of his body also indicated that he was about to sit on the toilet when he suffered a seizure and died.
Now, regarding the life insurance policy, there are conflicting reports. Some sources claim that Presley did have a policy, which was never claimed, while others state that he decided against taking one. It is speculated that if the insurance money was never collected, it could be because making a claim would have required the autopsy findings to be made public, which Presley's family wanted to avoid.
However, it's important to note that life insurance policies are typically paid out to the beneficiary, and it's unclear who the beneficiary of Presley's policy was. It's also worth mentioning that insurance companies usually conduct thorough investigations before paying out claims, especially in cases of suspected suicide.
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Elvis's death was investigated by the FBI
Elvis Presley's death was investigated by the FBI. The rock and roll star's death was unexpected, and he died at the age of 42. Presley's death was initially attributed to cardiac arrest, but there were suspicions of foul play. There were also questions surrounding his autopsy findings and whether his death was a result of suicide or an allergic reaction.
Presley's death certificate stated that he died of cardiac arrest, but there were no further details provided. An autopsy was performed, and it was determined that drug use played a significant role in Presley's death. There were allegations that Presley's primary care physician, George C. Nichopoulos, over-prescribed medication to the singer, which may have contributed to his death. Nichopoulos' license was temporarily suspended and later permanently revoked due to over-prescription.
The circumstances surrounding Presley's death remain a topic of discussion and speculation, with some fans even believing that he faked his death.
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Elvis's middle name was misspelled on his gravestone
Elvis Aaron Presley's middle name was misspelled on his original birth records. The state-issued birth certificate reads "Elvis Aron Presley", though the name was chosen after the Presleys' friend Aaron Kennedy, and a single-A spelling was probably intended to parallel the middle name of Elvis' stillborn twin, Jesse Garon Presley.
Elvis sought to change the spelling of his middle name to the traditional and biblical "Aaron" later in life. In the process, he learned that official state records had inexplicably listed it as "Aaron", and not "Aron" as on his original birth records. Knowing Elvis' wishes, his father chose the "Aaron" spelling for his tombstone, and it is the spelling his estate has designated as official when the middle name is used today.
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Frequently asked questions
It is unclear if Elvis Presley had life insurance. Some sources claim that he did not, while others suggest that he had a policy with Lloyd's of London.
It is unclear if Elvis Presley's life insurance was paid out. Some sources claim that it was never claimed, while others suggest that it was paid to his daughter, Lisa Marie Presley.
There are several possible reasons why Elvis Presley's life insurance may not have been paid out. One theory suggests that the insurance company suspected his death was a suicide and did not want to pay out. Another theory claims that the policy was never cashed in due to a mistake in the paperwork.
The value of Elvis Presley's life insurance, if he had any, is unknown. However, it has been speculated that the policy could have been worth millions of dollars.
If Elvis Presley had life insurance and it was paid out, the beneficiary would likely have been his daughter, Lisa Marie Presley.