Silicon Valley billionaire takes out $201M life insurance

A billionaire in Silicon Valley has taken out a $201 million life insurance policy. (CNN)
A billionaire in Silicon Valley has taken out a $201 million life insurance policy. (CNN)

SILICON VALLEY, Calif. (CNN) — A billionaire in Silicon Valley has taken out a $201 million life insurance policy.

It’s the largest ever issued, according to Guinness World Records.

The policy holder is a well-known technology executive in California, according to the advisor who arranged the policy.

It is underwritten by 19 different insurance companies.

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