I want a company to offer life insurance with the death benefit paid out in Bitcoin.
- Death benefit is set number of BTC, not a fiat amount.
- Premium based on BTC death benefit fiat value at the time of issuance.
- Utilize current underwriting criteria.
- Proof of BTC reserve to cover claims.
Anyone know if this is available or if there is a team currently working on this?
I don't think this is possible cause of the fixed amount of BTC.
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I understand your argument of the fixed supply, but as Bitcoin increases in dollar value, the number of BTC needed for newly issued policies decreases. So eventually a $1M policy may only need to be 1 BTC death benefit.
