Bitcoin Forum

Life insurance is a boring product, but with Bitcoin it is exciting.

Why?

Because now you can tap into the value of your Bitcoin that you have been holding for years without triggering a taxable event!

Bitcoin Whole Life Insurance has a feature built inside it that stores your Bitcoin until you are ready to use it. Say for example that you acquired your Bitcoin at $10,000, $20,000 or even $60,000.
Well, now its worth over $100,000 and if you were to spend it, in most (maybe all?) countries, you would trigger a major tax event forcing you to pay taxes on the capital gains.
Well, one of these policies, you could easily take out a low interest loan against your Bitcoin Value inside the policy (at this writing, the loans average about 3% and can be paid back at your discretion) and you will receive Bitcoin on a stepped-up basis. Therefore, you will be able to spend or sell the Bitcoin without triggering a taxable event!

By the way, the policy also has a death benefit, so you can transfer your wealth to your loved ones tax free. All the while, knowing that inflation will not destroy the gift you are leaving.

With 10 fixed annual payments, you can often acquire a policy with a death benefit twice what you pay in ~ 10BTC = 20BTC death benefit.


I own the agency brokering this product. If you have any questions about the policy feel free to comment below, or send me a DM, or visit our website below.


https://bitcoinlifeinsurance.io/

Bitcoin life insurance? Seems I heard it for the first time. Your explanation about Bitcoin insurance is good. But it's not easy to find a Bitcoin insurance company. I don't trust any online agency to do Bitcoin insurance. I am not a fan of any insurance, because I have seen how insurance companies cheat people. They don't want to pay money after the end of the insurance deadline or after death. So it's even hard to trust physical insurance companies, so how can we trust online insurance agencies?

I would prefer to make insurance myself. Bitcoin gives us the opportunity to become our own bank. So why can't we be our own insurance? If you are committed to doing so, you can do it; just create an address for insurance and save every month's. It's kind of a DCA strategy—just secure some bitcoin to your insurance address. So you don't need to trust anyone else, but one time you will have a good amount.

Let's start with the basics. You don't have any kind of ToS and Privacy Policy terms, no licences, no physical address (thus no country), no insurance of the funds that you will get (hopefully wouldn't get a sat), and your site is made in a $10 max template. So, do you really believe that anyone will ever send you a single satoshi because you say that you are an insurance broker? Sorry, but you are completely deluded. My 2-cent suggestion: lock your thread before it's too late.

It sounds like a smart workaround - no taxable event, access to liquidity, and a death benefit on top. But here’s the thing:
If this is such a game-changing solution for Bitcoin holders, why does it feel like it’s being pitched like a late-night financial product?
Bitcoin was created to opt out of legacy finance - not to be wrapped back into it through opaque insurance structures.

It would be a good workaround, as you said (although very risky), if the OPie were true and honest and not some troll as he is. As for the concept of BTC, one of the reasons indeed was to break out of this monetary system. But as you see, we have already been in the time that BTC is under their spell and appetite. KYC, AML, ETF, "dirty", "clean", whatever.

Coming from some who was shilling the fake cryptotab mining browser a few years what. Why should we believe that this Bitcoin Life Insurance is now all of a sudden something made in good faith and not to scam?

Bitcoin was created to avoid third parties and middle men. I would rather DCA my BTC. Far better than what OP is suggesting

From my experience in such "insurance" products/ projects etc, 99,99% are fake or/ and scam. But even if OPie was sincere and honest (who isn't) and wants to offer such a product, he will need more than a lot to prove it and sustain it. He didn't even reply once here, that alone shows the seriousness of his.
And as you said, BTC doesn't need anything from these. You can create your bank, your insurance, your pension without anyone involved. 8)

I laughed when you said that the site is made with $10 max template I would not even pay 10 for that and to be honest this type of post must be an example that members here must stay vigilant and careful. All I see with this kind of pitch about insurance and bitcoin is red flags. I also agree that this thread must be locked to avoid reaching more members. 

Thank you for your insight. I am an insurance broker. Not the insurance carrier. Just a middle man. The carrier is Meanwhile Insurance. A very reputable carrier. My site does not need any security, or privacy policy as it is just a billboard on the internet. Any policy writing is done on a different page or in person.

I understand, my industry does have an issue with lack of trust, and it is something the industry is working to overcome. Unfortunately it is something that will take years to work around.
You should work with a local agency if you have concerns about trust, or at a minimum invest time over the phone with a broker before doing business.
If you have any questions, I would be happy to talk over the phone, or refer someone in your local market.

DCA is a good strategy to accumulate Bitcoin, but it is not life insurance. As life insurance can pass the inheritance onto your heirs without any tax penalties and avoiding probate. Also, the typical policy holder will 25 - 100% more bitcoin in a death benefit.
For example if you put 10 Bitcoin into a policy, and you are a health 30-something year old, the death benefit may be 15 Bitcoin.

It may feel like that because I am a relatively new member who doesn't spend a lot of time on this forum.

Unfortunately, I spend a lot of time with my customers, and often don't get to this website as often as I like.

If you don't trust insurance, thats ok. Then this product is not for you. It is for people looking for a hybrid solution to their liquidity problems, and securing their legacy.

Bitcoin isn't exactly the non-mainsteam product that is was 10 years ago.

lol troll?

Bitcoin has been absorbed into the current monetary system, and is mainstream now. It isn't what is was 10 years ago. like it or not, Bitcoin Life Insurance is happening.
Thank you for your insight nonetheless. 

sorry for the late reply, I forgot I had this thread up. I don't get to get on this website as often as I would like.
It is a real product, if you would like to discuss it in more detail, I would be willing to talk over the phone. Feel free to shoot me a DM, or email me via the website, and we can set up a time.

Accumulating Bitcoin, and life insurance are two totally different concepts. Accumulating Bitcoin is important, as it creates wealth, preserves your wealth, and hedges from an unstable Dollar. But Life insurance allows you to access the value of your Bitcoin without triggering any taxable events, all the while still owning the Bitcoin. No margin call risk either. Pay in Bitcoin, Own the Bitcoin, grow the Bitcoin, and pass a legacy onto your loved ones in Bitcoin.

It is also different than just accumulating your own Bitcoin as if you own 10 Bitcoin, that's all you can pass onto your heirs. But with BTC Life Insurance, if you put 10 Bitcoin into the policy you may be able to pass on 12, 15, or even 20 Bitcoin to your loved ones (all depending on underwriting.)


Also as for the CryptoTab thing, it was legitimate. It was my intro to mining. I mined 1,000 sats in a month from the app.
Yes, that's not a lot, but it was an intro course for me.
I wasn't "shilling" it. I mentioned it to another member of the forum, as an intro to mining.
I now do some home mining myself with a couple of Avalon nano miners. I don't get a lot of sats from it, a few hundred per day, but I like contributing to the network hash rate, and I enjoy it.
 

Stop making post in a row, you violate forum rule.

---

Do you really think CryptoTab legit? Have you seen it's review on trustpilot?

Everything you say is empty and remains at best excuses. As a broker, you need a license. A license that is clear that you don't have. No matter the "carrier".
So the "carrier" chooses you without a license, a proper site, and without any information related to them? Why do they even need you then? To make a thread? My 2 cents suggestion: better to stop here with this crap and lock your thread before things get uglier than they already are for you.

I never looked at their Trust Pilot reviews until you just posted it.

I used Crypto tab about 5 years ago. I never paid for any of their services like "boosting" the mining power.

The browser itself was a bit laggy, so I only used it to mine.

I think I got 2 payouts from it. Each about 1,000 sats. Took me two months to mine those sats. But they did payout, both time within a day or two.

I cannot speak to how the company is today or if they changed, only to my experience about 5 years ago.

The reviews are really unfortunate. But not consistent with my experience, but maybe that's because I never gave the company money, or because I used the app 5 years ago.

But after my Cryptotab  experience I bought my first miner, a future bit Apollo. Then later a couple of Avalon minis.

Sorry, but what does all of this have to do with the service that you post here? Only that you are a guy who, 5 years ago, got 2k sats from a scam scheme, and you buy a couple of miners. And with that, you will convince us that your insurance project is reliable and that you are honest. Man, things are done for you here, try elsewhere to phish people. 8)

I was just responding to the other poster's question.

Your thoughts don't matter, you're obviously not a customer, and have a chip on your shoulder.

My business however, is properly licensed to sell insurance, and have thousands of happy customers across the the southeastern USA. Some of which have a Bitcoin life insurance policy.
Like it or not, Bitcoin Life Insurance is here to stay, and so am I.

You however, can go back to playing video games in your mother's basement, while the rest of us build out the Bitcoin economy.

Ofc I'm not and I never will be for such a stupid thing. Thankfully, here, you won't find anyone so foolish as to follow you and your service. 8)


Sure, that's why you never post any proof for your words. Another troll, nothing more.


LMAO!!!


That's 100% sure, without you and your kind, BTC economy will collapse... ::) :D :D :D

I wonder why this thread is still open. This is first of it kind, I have not heard this before and don't think it exist.

Bitcoin is a decentralized coin and the privacy of hodler is sacrosanct. Not your keys not your coin. Anything that will expose a hodler identify by disguise is not in the spirit of btc.

Since threads are not moderated by the admins, the only person who can lock it is the Opie himself. However, Opie here doesn't want to do this because he is seeking and waiting for fools and naive persons to fall into this trap of his. Even if such a plan/ program exists, we need to see some proofs. Proofs that Opie will never show because he doesn't have them. Simple as that. 8)

It's real, and I can prove it.

Already have to a couple people on this forum.

If you are interested, feel free to shoot me a PM, and I can give you a quote or explain in more detail. @condoras is a known basher on the forum, as a few people have said to me privately already. So just ignore him.

So prove it and stop making stories from your head.


However, you can't prove it or name them. Another fake claim from you, what a surprise.


Said the troll, who always made claims without any proof. The saver of the BTC economy... ::) :D

In the state of Florida, anyone who poses to be a licensed insurance broker is breaking the law if they are not actually a licensed insurance broker. Why would I risk that?

Even if I was to do anything more than I have already done to try and "prove it" to you, you wouldn't accept it.  So what's the point? You are obviously a jaded individual who's only goal is to tear down others. Most likely because you are disappointed with how your life turned out.

People that I have agreed to work with, realize the carriers I work with are real, I do have a license with the state of Florida, and I am a real person.

But please, keep spamming this thread. Because, every time you do, traffic to my website goes up, and more people contact me. You are not as much of an "influencer" as you may fantasize you are. People on this site see through your antics, and realize you are nothing more than a professional basher. And of course I'm not going to name the people that are my customers. That would not only be asinine, disrespectful, and it would be illegal.

Man I read all thread after this I considered you as shiller just because of this giving one tip please lock this thread and don't waste your time here because no one going to give you any penny for Bitcoin life insurance.
@condoras have many concerns all are right because you are here just for scam nothing else even you are working with site, and you never check their feedback which have to many negative feedbacks your few words about @condoras completely wrong because he is here for years and many peoples can vouch about his and his services for this community.
If you have any person from this forum can vouch about you surely this could be huge breakthrough for you, so please stop this and try any other place for your this crap project.

I recently reached out to David (Floridaman86) after coming across this thread. Although I’ve been browsing here for years, I only just created an account. Honestly, I’ve hesitated to join before because of how harshly new members are sometimes received.

That said, I’ve always found value in the information shared here, which is why I’m posting now.

As for David, I spoke with him by phone—something I’d recommend others try before forming an opinion. He was professional, took the time to explain the product, and even provided his license number. I didn’t end up purchasing anything. In fact, he advised me against putting all my Bitcoin into this product. It seemed like a better fit for someone who could comfortably contribute at least 0.25 BTC per year.

From what I could tell, the business is legitimate. He also offers other services, including health and life insurance, beyond the Bitcoin-related product people keep debating here.

I doubt this post will change many minds, especially among those determined to discredit him. Still, I wanted to share my experience. I won’t be responding further, but consider this my contribution to the conversation.

Since you didn't say your real name and you are posting about it in a public forum, what exactly do you risk? The nothingness? Be serious, for once.


However, the fact is that you didn't prove a single thing of what you are saying. That's the point. :-*


A real person indeed, but not a broker.


If I weren't such an influencer, then people wouldn't visit your crapy want-to-be-site page. So, choose what from the two am I? Better think before you post.


Of course, you won't, cause there is nobody foolish enough to even contact you. By seeing your page, is enough to laugh and get as far away as they possibly can.
Instead of talking about legality and all the derailing nonsense that you post,  try and get a real job. Maybe you will be better than a phisherman... ;)