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That Might Be More In Premiums In A Year Than I'll Make In A Lifetime
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It has not been disclosed which billionaire Silicon Valley mogul bought a life insurance policy (or series of policies) worth $201 million, a record. But if you have billions, can't you save the premiums and just put a couple hundred million in trust for your beneficiaries? I don't know, I'm sure there are tax and accounting advantages to how he or she is doing it. I'm not in that world. (San Jose Mercury News)
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