Lisa Marie Presley was in millions of dollars in debt at the end of her life, but took out $35 million in insurance shortly before her death. It has been reported Page Six.
Lisa Marie Presley cashed out two life insurance policies and on the eve of her death planned to buy a third to pay off her $4 million debt. Presley bought one policy for $25 million and another for $10 million, and family sources told the publication that a third policy could be worth $10 million.
Elvis and Priscilla Presley’s only daughter filed paperwork for a $2 million lump sum, but due to a paperwork error, the policy was never paid.
Lisa Marie Presley died on January 12, at the age of 54, just days after attending the Golden Globes 2023. The cause of death was cardiac arrest. According to media reports, her ex-husband Danny Keogh initially tried to give her CPR but that didn’t help.
Previously reportedElvis Presley’s widow objected to the inheritance rights of their daughter, Lisa Marie.