Hard to believe anyone would have written a policy on Terri after she became ill. If they had an old policy they paid in 15 years of premiums. It would have had to have been entered into with premiums fixed for 15 years. Even then it could not have been a huge policy. A young couple with no children has no reason to take out a large life insurance policy.
Terri was working for an insurance company when she collapsed. One of the employee perks could be insurance.
Upon marrying, I was named beneficiary, three years before we owned a home and seven years before we had our first child. I also carried over $250K in life insurance from the day we married.
I lost a nephew at just 6 months old, and that terrible event taught me to insure my children, as well. My nephew's passing was devastating, and his funeral was expensive. If anything were to happen to my babies, my husband and I would have sufficient funds to cover the funeral, plus allow us to take time off from our jobs to recover, as best we could, the shattered fragments of our lives. I pray to God I never, EVER have to use it.
Since we frequently travel as a family, my sister and my husband's sister would benefit in the event of a air disaster. All totaled, we have almost $1M in death benefits and assets, which would be evenly split, according to our wills (written many years ago, too!).
The long and short of it is this: there is every possibility that Michael had a large policy out on Terri, and would stand to collect should she pass.
.........Unless it's a scam. Schiavo the bigamist and his common-law wife (Jodi) apparently set up the stealth insurance company 10 years after the accident. Or was it an "accident"?
Hopefully the Florida State Troopers will be at their door tomorrow to arrest them for insurance fraud. I'll bet Felos (who collected 57% of the money earmarked for Terri's care and therapy) was in on it too. And reviewing Greer's history we already know that he's a bad judge.
Pinellas County: America's Fraud Capital.