I think it would be a beautiful thing to have a bitcoin only life insurance policy.

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m do you think enough infrastructure is in place for this to work functionally?

Simple vision is purchase a policy with bitcoin by the unit for a defined term. Policy units are modular and additive but paid in full up front. Bitcoin held 1:1 in multi-sig custody until term expires or death benefit is distributed in bitcoin.

Obvious follow-up question - if the infrastructure is ready, what regulatory impedences would need to be satisfied?

Not expecting you to provide all the answers but if you think it's a worthwhile pursuit I'm willing to put in the work.

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Discussion

To clarify, I'm not so naïve to think several other large institutions haven't already considered this. I just haven't heard anyone talking about it, probably for some logical reason that I'm not considering.

Seems like an organic evolution with much better outcomes for all parties especially with a 10-15 year horizon.

#bitcoin #insurance #business

GM! Anyone know of any good books to help me better understand how the current system operates and is regulated?

#bitcoin #insurance #regulation #books #business