Bitcoin Life Insurance

[floridaman86]

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/

[The Cryptovator]

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.

[condoras]

~snip~

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.

[Macro Exchange]

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/

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.

[condoras]

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.

[logfiles]

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

[condoras]

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.