Financials/Insurance
Law Enforcement officials stated in the NTO the Youngs were experiencing financial difficulties and Michelle had a substantial life insurance policy as reasons for suspecting Jason Young. There was no evidence given for this assertion so there are some "insiders" who challenge the information and others who support it.
Posted by just the facts: Am I going to provide you with bank statements, no. I can tell you from being very close to this that I am 100% sure finances were a non-issue. From that you can ascertain that I know that firsthand or you can disbelieve me. Since you wish to dispute all that I say, what "factual" knowledge have you seen from the media and law enforcement to back up their statements regarding financial difficulties? As of yet, I've seen absolutely nothing.
Posted by just the facts: Life insurance. Yes, there is life insurance. Both Jason and Michelle carried life insurance at a signficant level. They both frequently traveled by airplane and felt it was important.*They were loving parents wanted to make sure their daughter was protected in case something happened to them. Buying life insurance when you have child is not abnormal. Everyone should do it.
Posted by RPD: I know from Michelle's Sorority sister they both have $1,000,000 life insurance. Term for a healthy 29 year , non smoking female is only +/- $500 / year. Considering she was a CPA in the finance Department of a large power company and had a 2 year old....makes sence.
Originally posted by just the facts Also, life insurance wasn't just taken out 3 months before. Response posted by RPD: Yes it was....my local source knows the life agent that sold the $1mm policy ( stated early on the $1,000,000). [This was posted on 1/11/07]
Posted by RPD: When the life insurance was purchased. A source in People Mag said 3 months prior to the murder. My source knew it was within the previous year, not sure on exact time. [This was posted on 1/27/07]
Excerpt from People Magazine Article: "A source close to the couple told People that Michelle – who had planned to cut back on her hours as a senior financial specialist for a power company once her new son was born – was covered by a $1 million insurance policy that her husband took out three months before her murder and that made him the beneficiary."Posted by RPD: As I reported very early on, we found there is in fact a $1mm life policy along with a will. This will, I am told, names JY's Sister as guardian in the event both parents are deceased. I was also told MF was upset that MY went along with this at the time, as she was previously named. Yes, this information comes second hand, but I consider it very credible.
Posted by just the facts: The will was made nearly a year before MY's death. At that time the life insurance policy was taken out which was a million $ policy on both their lives - not just MYs. The guardianship was made at the same time and has never and was never changed. The whole thing with the "life insurance being changed 3 mos. prior to MY's death" is a media attempt to sell a better story and gives someone like RPD a chance to run with it since she is so confused and makes so many false statements on her own under the guise of knowing an "insider".
Posted by just the facts: Often when you take a job, your company offers free life insurance for some small amount (like $10,000) or somesuch. When JY got the job with Chartone he had such a benefit. He made the beneficiary of that policy his mother since MY would be taken care of by the larger policy in the event of his death. Again, this is a *known* fact to true insiders, as is the date of the life insurance and will and the fact that there has only ever been one guardian. The only thing that happened 3 mos. prior to MY's death is JY got the job with Chartone and made his mother the beneficiary of that benefit. The truth is not nearly as exciting for the news media so they've chosen to report in such a way that people interpret that the "change" to the life insurance 3 mos. prior means that the police was jumped to a million $ policy 3 mos. prior. That is simply not true. Believe what you want.
Posted by just the facts: Or maybe there weren't financial problems. Ever consider the media just *might* be wrong. Remember this was the very first story they ran months ago, yet its never been substantiated. With the new "People" article, the media here is rehashing the same unsubstantiated information over and over and over again. Trust me, there were no financial problems. The Chartone job was a step up in pay and there were no long histories of unemployment or "sketchy" unemployment histories as have been alluded to. Both had substantial incomes- so sorry, no financial skeletons in the closet. Also, life insurance wasn't just taken out 3 months before. Many, many "facts" are skewed by the media in an attempt to sell stories for the sensationalism value. Those of us on the inside do know the truth and you can accept that truth or you can not, but I can tell you that rumors about financial problems are 100% untrue. What you choose to believe or not is up to you. I would think however, if you are going to speculate about someone's guilt or innocence you might actually want the real facts.
Posted by gojo: Just one correction I'd like to make. The insurance policy has been in place for a year or so; don't have the exact date, but maybe somebody can tell you, even though I think that information is supposed to be private.The other part of the correction is that Jason has the same amount of insurance as Michelle. I think LE "forgot" to mention this when they released the information to the media. Just My Opinion, but I think releasing only part of the information was a ploy by LE to put pressure on Jason. Hope this helps.
Posted by RPD: When the life insurance was purchased. A source in People Mag said 3 months prior to murder. My source knew it was within the previous year, not sure on exact time. [This was posted on 1/21/07]
