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cali

(114,904 posts) Sat Mar 15, 2014, 03:12 PM Mar 2014

Greed After Death- Or Something Like That. Billionaire buys largest life insurance polcy ever [View all]

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

The San Jose Mercury News reported Saturday (http://tinyurl.com/n352sla ) 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.

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http://www.seattlepi.com/news/us/article/Silicon-Valley-billionaire-buys-record-life-policy-5320532.php

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Greed After Death- Or Something Like That. Billionaire buys largest life insurance polcy ever [View all] cali Mar 2014 OP

One thing it self-evidently isn't is greed. Donald Ian Rankin Mar 2014 #1

... Rex Mar 2014 #3

I disagree. cali Mar 2014 #4

Getting life insurance is like betting on a sure thing..and hoping you lose. Dick Gregory Tierra_y_Libertad Mar 2014 #2

vut..what if he took it out on someone else? dixiegrrrrl Mar 2014 #9

I suspect he's paying quite a bit for it. SheilaT Mar 2014 #5

Bingo pipoman Mar 2014 #6

And in some cases to make sure that the heirs SheilaT Mar 2014 #7

And in some cases to make sure that the heirs Wilms Mar 2014 #8