AgenteNews Insurance Producer's Online Resource
The Associated Press, March 15, 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 set in 1990 by an unidentified “entertainment industry figure.”
A Southern California financial services company who helped put the deal together declined to identify the buyer for safety reasons.
“We don’t want hit men running around Palo Alto trying to find him — or members of his own estate,” quipped Dovi Frances of the Santa Barbara-based SG LLC financial services company.
