Geo State life-billionaire

Mystery Billionaire from California, United States Buys World's Most Expensive Record-Breaking and Record Setting $201 Million Life Insurance Policy.

And get even
 a lot bigger

What is his name?Who holds this record?How old he is?This is mystery.His name and age has not been disclosed due to safety reasons.The insured and the insurer both are silent.This massive policy has been closed by Dovi Frances and he only says that the 

Al-ḥamdu lillāh: الحَمْد لله‎) We are gratefull to Allah Almighty The Lord Of All The Worlds.He Exalted taught us the knowledge which we never knew.To Him we bow our heads in thanks for  His showers of blessings which He bestowed upon us without which this blog would have never seen the light  of the day.

policy belongs to  to a well-known technology billionaire from California.

Now the burning question is: 

"Why this mystery  billionaire has

 bought such a massive and expensive life 

insurance policy when he  has so many other 

assets"?

Dovi Frances, founder and managing partner of SG, LLC explains:

“In California, there are state death taxes that are exceptionally high,” “If your properties are leveraged then those loans are called immediately and need to be paid off,” said Frances. “So if you want to head yourself against such a risk [your beneficiary] can receive the proceeds [from life insurance] without being exposed to taxes.”

The millionaires and the billionaires buy life insurance due to  several reasons.

Primary among them are tax purposes, Frances also said

A wealthy estate is hit with a hefty tax bill, and there may not be enough cash to cover it, since many millionaires and billionaires hold their wealth in investments, he said.

source:http://www.forbes.com/sites/natalierobehmed/2014/03/14/mystery-billionaire-buys-record-breaking-201-million-life-insurance-

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Special message for the billionaires.
Source of today's post.http://statelifeonline.blogspot.com/2016/01/state-life-billionaires-be-attentive.html
Silicon valley billionaire buys record breaking and record setting $201 million life insurance policy.This record breaking and record setting life insurance policy has been sold by Santa Barbara,a Calif based SG,global advisory firm.
The name and the age of the policy holder has not been disclosed due to safety reasons.

Why on earth a billionaire  would  buy such a

record breaking and record setting world's most

 expensive policy?

This is by no way a million dollar question.

By purchasing this policy he infect has managed his risk beautifully and in a decent and respectable way.He has transferred all the risks to the insurers.
It's all about trust and estate planning,Here i quote what Frances said. 
"Having a life insurance policy like this can protect significant assets."

 ایک غمزده گهر کا بهترین سهارا

Open an account

 with

 State life now.let us manage and

take care of your

Life insurance

 investment

portfolio

03234969112

Lahore-Pakistan

statelifeonline@yahoo.com

Skype statelifeonline

We can also assist you in managing your risk.You can also save big, manage your risk, financially protect and secure your family and become millionaire in only 20 years..

Give me (IKRAM) a call now and Join the family of satisfied  and happy policy holders of Pakistan.

Source:http://www.cnbc.com/2014/03/14/someone-just-bought-the-most-expensive-life-insurance-policy-ever.html 

 ایک غمزده گهر کا بهترین سهارا

l

 بیمه زندگی بهی اورمنا فع  بهی

        

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