Paul and Monica Shay are in the hospital after being shot in the head by 51-year-old Mark Richard Geisenheyner.
Investigators say Geisenheyner knew the Shay's from a 2006 insurance fraud scheme and targeted the couple at their weekend home.
Police killed the gunman after a six hour standoff inside the house.
Geisenheyner shot and killed the shay's nephew and a toddler.