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Jim Harbaugh

CELEBRITIES USE OF LIFE INSURANCE

Michigan, Jim Harbaugh agree to increased compensation in form of life insurance loan.

ESPN

Jim Harbaugh
Jim Harbaugh

The University of Michigan and football coach Jim Harbaugh agree to a contract amendment increasing total payments form the school to $9 million in 2016.  The university will loan $4 million in 2016 and an additional $2 million for the remaining five years to pay premium on a life insurance policy.  That is on top of his $5 million salary.

https://www.espn.com/college-football/story/_/id/17332547/michigan-wolverines-jim-harbaugh-agree-increased-compensation-form-life-insurance-loan

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