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World’s Largest Life Insurance Policy Taken Out By California Billionaire

Posted on March 18, 2014

An unnamed Silicon Valley billionaire has purchased the world’s most valuable life insurance policy.

The San Jose Mercury News reported Saturday that Guinness Book of World Record officials say the $201 million life insurance policy is more than double the previous record.

A Southern California financial services company who helped put the deal together declined to identify the policy buyer for safety reasons.

The firm says that the life insurance policy is actually two dozen policies underwritten by 19 different insurers. That’s because no one company could afford to pay the policies’ benefactors when the billionaire died.

The company didn’t disclose the annual cost to the billionaire for the policy but did say it was in the single millions of dollars.

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4 thoughts on “World’s Largest Life Insurance Policy Taken Out By California Billionaire

  1. Insurance companies are now allowing customers to bundle their various insurance needs into one policy in order to save money. The bundling of various policies benefits both the consumer and the insurance policy writer. Motorcycle Insurance

  2. Most life insurance companies can underwrite $40 Million. The bigger ones $100 Million. COLI and BOLI policies are massive as well. This content of the San Jose News doesn't make sense.

  3. Such a positive sign.This will surely specify the need of insurance and inspire more people to come forward.

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