Silicon Valley Billionaire Buys Record $201M Life Policy

By Paul Elias | March 17, 2014

  • March 17, 2014 at 2:44 pm
    Chris Frey says:
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    The title of the article reads: “Silicon Valley Billionaire Buys Record $201B Life Policy” After the initial shock, I read the article and it should state “$201M”, or 1/1000th of the title amount. Still a huge policy.

  • March 17, 2014 at 3:28 pm
    finances in order says:
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    If his finances are in order, why would he need this policy?

  • March 17, 2014 at 4:35 pm
    jared says:
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    Borrowing money from a large cash value life policy is very beneficial for tax purposes. I saw the headline error as well, B means Billion.

    If you have the money, large cash value whole life or UL makes a ton of sense. Borrowing on the cash value limits the total percentage access to the capital but does not create a taxable event. If they only let you borrow 80% but your tax rate is 40%+ then you come out way ahead.

    Good stuff.



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