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.

[romeitaly]

~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.

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. 

[floridaman86]

~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.

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.

[floridaman86]

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.

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.

[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/

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 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.

[floridaman86]

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.

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. 

[floridaman86]

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.

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.
 

[ABCbits]

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

32. Posting multiple posts in a row (excluding bumps and reserved posts by the thread starter) is not allowed.

--snip--
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.

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

List of scam accusations

Trustpilot for some of their website have poor rating, where many review complaint unbale to withdraw "mined" Bitcoin.

https://www.trustpilot.com/review/cryptobrowser.site (2.2 rating with 1028 reviews)
https://www.trustpilot.com/review/cryptotab.com (1.3 rating with 182 reviews)
https://www.trustpilot.com/review/cryptotab.farm (1.3 rating with 89 reviews)
https://www.trustpilot.com/review/getcryptotab.com (2.0 rating with 14 reviews)

[condoras]

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.

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.