Guinness World Records for the Most Valuable Life Insurance Policy (2024)

In 2014 Guinness World Records confirmed a new record for the

“Most Valuable Life Insurance Policy ever”

Valued at $201 million (£120 million; €144.8 million)

or

Rs.1,655 Crores!!!!! (Approx.)

Issued to a well-known U.S. billionaire.

According to Guinness World Records, the $201 million policy more than doubled the previous record for a Life Insurance policy

a $100 million

or

Rs.823 Crores (Approx) set in 1990.

For a policy on the life of Hollywood mogul David Geffen.

He founded Dreamworks Pictures with Steven Spielberg

And the person who sold it was Peter Rosengard from the UK.

Now let’s see who the $201 Million Man is

• A well-known, unnamed Silicon Valley billionaire set a record with a significant coverage amount to protect his wealth once he is no longer around.
• And the $201 million would be paid out upon the buyer’s death.
• This is not a Term Life Insurance plan.

• The record-breaking life insurance policy was sold byDovi Frances, a managing partner ofSanta Barbara-based SG LLC-a firm that advises high-net worth clientson their complex financial needs.
• The $201 million policy is more complicated than most policies.
• No single insurance company holds the $201 million risk.
• The life insurance policy is actually two dozen policies underwritten by 19 different insurers and the annual premium is “more than $20 million or Rs 164 Crores every year or so to spread out the risk”.
• Guinness officials spent six months investigating the policy before declaring it the world record.
• The insurance companies benefit from the deal by immediately “Investing the Premium”

Dovi was not legally permitted to disclose the Name or the Age of the billionaire buyer but said it was a well-known Californian tech investor.

Dovi said the billionaire wants to remain anonymous for two reasons: privacy and keeping the news from his benefactors.

Why would a Billionaire or anyone spend so much on a Life Insurance Policy???????

How can you build Wealth with Life Insurance?

As quoted by Robert Kiyosaki”

"It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for."

The two key Principles of Financial Planning are "Inflation" and "Longevity".

And as stated in the official Report of

The Expert Committee on Longevity Finance was published by the International Financial Services Centres Authority (IFSCA) on April 12, 2022.

International Financial Services Centres Authority (A Statutory Authority established by Government of India)

"Life insurers are uniquely poised to be the only players in the market to cover both the critical risks —

1. The Risk of Dying too Early and

2. The Risk of Living too Long."

It is always wiser to invest in Life Insurance as early as possible and exploit the 8th Wonder of the World "Compound Interest"

with

"Perpetual Uninterrupted Compound Interest"

Aditya Birla Sun Life Insurance | Aditya Birla Health Insurance Company Ltd. | Aditya Birla Capital | Aditya Birla Group

Life Insurance Awareness Month

Gaurav Mohanty

IRDAI Licensed Insurance Advisor,

4 years Million Dollar Round Table Qualified,

Aditya Birla Sun Life Insurance

Mob/Whatsapp : +91-9766420564, +91-9923574241