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An Anonymous Billionaire Purchased A Record-Breaking $201 Million Life Insurance Policy

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Dovi Frances

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 $201 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.)

The record-breaking life insurance policy was sold by Dovi Frances, a managing partner of Santa Barbara-based SG LLC— a firm that advises high-net-worth clients on their complex financial needs.

Putting together the policy required more than 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 $100 million.

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