Tech Billionare Buys $201 Million Dollar Life Insurance Policy

Before today, the world record insurance policy was purchased by an unnamed American entertainer for $100 million dollars. World records, no matter how absurd, were meant to be broken.

Tech Billionare Buys $201 Million Dollar Life Insurance Policy

A $201 million policy, purchased today by a mystery tech billionaire, beats the previous record by $100 million. Maybe beats isn’t a strong enough word.

The policy was sold by a Santa Barbara, California based company named SG. SG is a global advisory firm specializing in complex financial solutions for wealthy clients. SG isn’t naming names because they wouldn’t be in the business they are if they did name names.

The guessing begins now.

[CNBC]