Silicon Valley billionaire takes out $201M life insurance

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. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

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