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"&lt;strong&gt;&lt;img alt=\"0426_joe_tina_simpson_getty_article2\" src=\"http://ll-media.tmz.com/2013/04/26/0426-joe-tina-simpson-getty-article2-3.jpg\" /&gt;&lt;br /&gt;Jessica Simpson&lt;/strong&gt;'s parents are splitting the baby in their divorce ... going halfsies on Jessica's massive life insurance policy.&lt;br /&gt;&lt;br /&gt;TMZ has obtained the legal docs outlining the terms of Joe and Tina Simpson's divorce -- and Jessica's life insurance policy is just the tip of the iceberg.&lt;br /&gt;&lt;br /&gt;Joe and Tina have also agreed to split their interest in Jessica and Ashlee's management fees ... a huge number in itself.&lt;br /&gt;&lt;br /&gt;As for the couple's remaining division of property ... here's the breakdown:&lt;br /&gt;&lt;br /&gt;Joe gets half of their Sherman Oaks house, all his personal effects and bank accounts, the 2012 Mercedes SLS and 2011 Mercedes S63, and a bunch of stocks ... including Twitter. He also gets $237,285 in an escrow account from the sale of their other L.A. home.&lt;br /&gt;&lt;br /&gt;Tina gets the house in Waco, TX, over ten bank accounts, a 2010 Range Rover Sport, 2011 Porsche 997 coupe, and other stuff.&lt;br /&gt;&lt;br /&gt;TMZ broke the story ... Joe and Tina's divorce &lt;a href=\"http://www.tmz.com/2013/04/25/jessica-simpson-parents-divorce-finalized-joe-tina/\"&gt;&lt;strong&gt;was just finalized&lt;/strong&gt;&lt;/a&gt; after 34 years of marriage."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.tmz.com/2013/04/26/jessica-simpson-joe-tina-divorce-life-insurance-ashlee/1/>