A “well-known” U.S. billionaire has purchased the most expensive single-life-insurance policy in the world, according to Guinness World Records.
The life insurance policy the billionaire purchased is valued at $US201 million.
Guinness World Records didn’t reveal the billionaire’s identity, but they did provide a couple clues.
The billionaire lives in Silicon Valley and they’re “actively known in the technology space.” (That still doesn’t really narrow it down.)
Putting together the policy required over two dozen insurance companies, he said in a statement.
“Bringing this transaction together required negotiating concurrently with over two dozen insurance companies and complex underwriting requests from each insurance company.”
The previous record holding life insurance policy was $US100 million.