Topic: Bitcoin Life Insurance (Read 654 times)

hence, you can't see any business which ventured on this aspect. because if you are btc holder, you're supposed to secure your own funds. now talking about after your death, you should be the one taking care of this business. you can always transfer it to one or more family members, how to secure it and all other things about it. if you know you have significant amount of btc and you don't want it to go to waste, then, better think of someone whom you can trust for this asset.

Life insurance. You sell a life insurance policy to a client for a coverage like say 1M dollars and in the event of death, 1M dollars will go to your designated beneficiaries - that is, if the cause of death is covered by the policy. If not, then your beneficiaries will be denied their claim.

Many assume that life insurance is guaranteed protection, but many don't realize that claims can be denied. So, think about your bitcoins being tied to your policy and the thought that claim on your bitcoins in the future can be denied for some reason by the insurance company that you entrusted your bitcoins with.

What the insurance company can do is to offer payouts in bitcoins. When a client completes premium payments, the client can choose to receive payouts in bitcoins. Now, would an insurance company be willing to sign a policy promising to pay their client, let's say 100 bitcoins in the future, in the event that the claim is valid and cannot be denied?

We cannot consider insurance in a scenario where Bitcoin is truly decentralized. You are the one who must secure your funds; why should a third party become involved? Isn't that against the concepts of decentralization? Just maintaining a personal notebook would provide as insurance for your cryptocurrency holdings. You or a member of your family can access your funds in case of an incident. To be honest, that insurance is excellent.

Insurance companies need to hassle as much information as possible to make sure their customers are eligible. For instance, no car insurance company would sell their services to someone who's crashed a dozen times. But there aren't a lot of manners to make sure someone isn't foolish online. So there isn't much to know about a cryptocurrency user. Also, there is no way to prove a cryptocurrency user lost coins or that he pretends he lost.

Yes, no doubt that in the future there will be more cases of lost coins due to the death of the real owners of that assets and most especially Bitcoin. But in as much as that is true, there is a solution to which we can at least reduce the rate at which such case is being brought to the least minimal, and by that I mean, by informing your most loyal friend, family member or child about the asset you own in a certain crypto wallet, so that if in case you happens not to be alive anymore, they can at least have access to it, rather than having it gone forever.

I think there is a point in that BTC is volatile and at some poit it can hurt you (like last year's dump)

Perhaps it is better to insure the Bitcoin/s instead. This would be very challenging due to the volatility in the price but honestly wouldn’t hurt. I’m sure there could be ways for insurers to do this. If you insure it just like a life insurance policy some way, maybe this is something we will see insurance companies starting to do with all of these scams happening lately...

Fiat is inherently unsustainable, but to say it will collapse and crypto will replace it is unlikely. If fiat is dropped and replaced, it will also be a government-created currency, not a bitcoin or a decentralized currency. I can assure you this, as long as the government remains the one who controls the world, they won't let that happen, if that happens, it will be their downfall. Look at the inflation going on, it's dropping rapidly without bitcoin, which shows us that fiat will be with us for hundreds of years to come.

things like that seem less suitable to be applied in the bitcoin system, don't bother thinking about the heirs of our bitcoin assets, the most important thing is to write down all the phrases, your wallet password on paper and save your bitcoins in a hardware wallet.

if insurance like that is done, I think it is not compatible with bitcoin and is not the true ideology of bitcoin.

There's no such thing about insurance or even banks or something that do involves on having a central authority or control of those coins.You cant be sure on how these Life insurances would be handling out
into those heirs with the funds on which a certain person who had died.There's no other way but rather exposing their keys to retrieve those coins or someone would be paying up for some money to get that policy and incase they would die then their family would receive something.How they would be making out calculations? How they would be making transactions in between their client and on the amount
that agree upon to be released? Its complicated i would say.

You lost the audience with this one!
Bitcoiners do plan long-term of course, but there is a line when you stop planning, that's why I really don't care what happens when the last satoshi is mined nor am I afraid of hearing that the sun will die out in 6 billion years instead of 8 as it was previously estimated.  

Joking aside, what I was trying to point out is that a lot of the new crypto users generation are still heavily relying on banks, they are treating coins more like investments and are using banks as middlemen, not even counting the more and more active role CEX are playing in this entire thing. So rather than actually getting rid of banks I am actually worried we're down a far more dangerous path where we're just exchanging the currency while exchanging banks for other centralized entities that still have control over the finances of the masses.


The usual problem and I guess this might be a reason why as stated above we won't see that change in our lifetime.
We need to be realistic about the capacity of the majority of the population and their abilities, if you can't have everyone deal with cryptos, then obviously the fiat system will still be in place for a very long time.

Bitcoin life insurance? What you are looking for is a centralized company, a centralized service, if you hand over your bitcoins to these centralized services, you are trying to turn your bitcoins into a centralized asset. We want privacy, we want the freedom to decide our finances, and that's why we hold bitcoins, don't try to reverse things.
Instead of looking to a 3rd party service, I will trust myself and my loved ones more. My solution was to make a plan and share these secrets with the people I trust most.

There won't be any "life insurance". If you coins are lost, it is lost. It was your responsibility to make sure your coins are safe and backups are made properly. You should have done proper research before making any kind of investment. Even if "insurance" does exist, in this you will likely need to rely on a third party centralized organization which completely destroys the "decentralization"  concept of decentralized crypto currencies.
You should always invest at your own risk and take care of your own funds. If you can't, then crypto currencies aren't for you. You should stick to banks and institutes that will have full control over your assets and funds while in return insuring everything.

Why should a system that runs decentralized like Bitcoin have to be secured by a system that is run by centralization? Insuring the Bitcoin that we have in an insurance company is not much different from storing our Bitcoin in a CEX where they have control over our assets. Teaching your heirs about the assets that you have is much safer and it will be that he will get what is rightfully his, insuring Bitcoin will only look safe because you have proof from the insurance company but in practice it could be that your heirs will not get it because the insurance company goes bankrupt or some other bad scenario.
As far as I know, there hasn't been one and hopefully there never will be because this could be a way to scam people in the crypto world

fiat is unsustainable eventually banks will find that the money they hold is worthless. They keep printing money off and eventually it will collapse. Maybe not in our life times but it will eventually happen. crypto does not do this and is immune to inflation. When people realize this they will convert and the banks will start losing more money. atm they are fine and will probably be here for the rest of my life but they will have to adapt just like the rest of the world will.

But that's just like FDIC insurance, you have to first forfeit control over your coins, just as you do with your money and I'm not sure any kind of insurance or crypto bank will cover your losses if you have willing sent your coins from your account to a scammer.

I feel like this is more like a  situation of having the cake and eating it, you want to have complete control over something and you still want insurance because you know you might screw up, take advantage of the growth, take advantage of having your money out of anybody else control but at the same time demand payments if you make a mistake. On the other hand, the one doing this for you will have to take all the risks for a fee which of course you would want to be as low as possible.


Lol, survive, banks are making millions in fees right now from everybody buying and selling coins and using banks wires, credit cards and funding their paxum paypal or another wallet with bank money to buy and sell coins. I have a feeling that if we do the math they have gained a ton of money compared to the measly few thousand of transaction fees they've lost.

imo the only way you get bitcoin insurance is if banks adapt and take control of your private key and operate how they do with btc but they offer you the protection of losing your btc to scams. If btc went mainstream I see this happening because banks will want to survive and if fiat is being less used they will need to transition to cryptocurrency but it would still be difficult to prove that you have not just sent your crypto to a dummy address that you own except for the threat of being put in jail for fraud.

I really wonder how this could work, with most assets it's pretty easy to see those are lost or destroyed, with crypto how can you claim you have lost them, all you need is the key, so if those move in ten years you can still claim that finally, someone managed to get ahold of your lost USB that had a copy of the said keys. I can see that working for coins that were in a 3rd party custody as there will be a legal process on how those were lost and with proof of them moving with you having no control over it, but this is like insurance for the cash you have in your pocket.


It depends on from case to case, for example with my car insurance I'm at a total loss since I haven't had an accident in 5 years and one that was more than a bump or my fault in a decade at least as I don't even remember. One of my co-workers on the other hand has a record of destruction, he actually hit four cars one night, and managed to hit two in our company parking lot with such precision I don't know how it's even possible to scratch two cars in parallel on every single piece of metal on both of them, door, front and back panel. And he still pays like 1000 euros a year for insurance while he has for sure destroyed things close to a few hundred thousand.
As a relative said, insurance is a waste of money till you break something.

It is not possible. It would be a scam because you can not verify when btc has been lost unless it has been sent to a burner address and no insurance company is going to insure you for losing your btc that you sent to a burner address. btc insurance will never be a thing because of the lack of verification of loss of coins. There is no real solution to that. 

Yeah, bitcoin life insurance would be fucking awesome.

Will the correct human beings with the right intentions step up and create that utility around bitcoin?

Or will it be another healthcare Ponzi like crowdfunding genetics studies on Parkinsons?

 @ PD GENEration

^Good things you guys are using global crowdfunding to only accomplish fifteen fucking percent of all links to Parkinson's cases.

Can't remember the last crypto platform, coin, company, business, joe, whatever that hasn't gone under because of 15% in a system where its 100% verified or nothing at all.

Collectibles are the worst because you never know when they have been tampered with and 2nd hand hardware wallets should not be trusted as they have been hacked in the past which has caused many people here to lose their money. I would stay away from collectibles for storing any big value on them and only have them for sentimental value.

Having insurance on btc is like you have given your assets completely to a stranger who is not suppose to know anything about it. Bitcoin was designed to be kept safe by the owner in a noncustodial wallet, and if you give a third party access to your btc,it means that you are going against the all design of bitcoin which is decentralization and this can lead to regrets. My opinion is that we should teach our loves know about our investment and also letting them know the keys and every other secured aspect of it,so that when you pass on,it becomes easy for them to access. Teaching them about bitcoin and wallets to keep coins should be more of our concentration, so that they can find it easier to inherit your btc when you are no more.

Well said m8. I agree, a will is really all that is needed here. I think it is also note worthy the importance of having the proper executor of the estate who is trustworthy to distribute all assets accordingly.

Honestly, something like a BTC or Crypto Insurance Policy though wouldn't be a terrible idea for people who hold $$$ on exchanges, even temporarily in the event of a sudden hack. More so, exchanges in general should have that insurance, although i'm sure its very difficult to get if they can even get it at all.

This is a topic that’s been brought up quite a few time over the years and there’s even been books written about “Bitcoin succession planning”.  I made a post about this in the collectibles sections as fancy cold wallets like that are very hard to know how to sell when someone passes away. There’s really a pretty easy solution to all of this and that’s having a proper will set up and have directions on how to access your coins in case of passing away. Make sure your loved ones know where to find the directions is all.

Every house won't have safety deposit box. Good choice is the bank's deposit box, because in house one can take hold of the box and enjoy all the savings. With bank both the heir needs to be present while the safety box belongings were taken out and given. As said fire and natural disasters were possible everywhere. So, better is to have the same piece of secret phrase stored in different locations.

This is a better idea, actually in our house there is a attache case with lock that is store in a cabinet with lock with all the files of properties for security purposes that can only be access by our parents before but then later on they also tell where the keys is when were adult enough to know. Though it will be safer to put it in other secured safe area with insurance security for some events like fire or in bank safe especially the ledger and keys  for insurance purposes since we can’t guarantee if there will be some fires or thefts if only left at home and just include it in will or mention to family members since they can only access it if have owner consent.

So far, in my opinion, there may be 2 choices that can be made, namely storing it in a bank safe or better known as the Safe Deposit Box. This may sound a little odd, but when there is no trustee to trust, at least the SDB is still efficient. Then the options of the closest people especially family can be used as an alternative to Bitcoin inheritance, but they also have vulnerabilities.

Hmm interesting concept

Was just thinking about this last night dave. Instead of trusting it to a third party, why not just insure the bitcoin with a specialized BTC policy?

The only problem with that is how do you insure an asset that has amazing upside potential but also can decrease substantially as well? All of that volatility would be hard to come up with a specialized plan, but it would definitely serve its purpose in the market and I think institutional investors would be more inclined to buy BTC if they can insure it.   

Over time people will learn how to make their btc safe but that will not stop people who die and do not have a way of giving that btc to their children. It will not stop people who lose their private key or seed because that happens a lot. That might be because of a mistake as mistakes happen but it could be because someone did not understand btc and that is why it is important to understand the security of btc but we will always have people invested in btc that will not research how to store their btc and will lose it.

Quite frankly, I believe the case of "Lost Coins" could actually be less now because we cannot compare the understanding of Bitcoin today with how people took Bitcoin in the past decade. Investors could be more careful in handly their info even though there might still be that issue of if the loved ones can access that info after the holder's demise.
Secondly, talking about Bitcoin Life Insurance, what will be the option here, give them your PKs to all your wallets while you are still alive or give them the wallet to pass down to who should have it without the PKs which is still the same problem, I don't see how this will work with the traditional Insurance way.

The hardware wallet would still need a pin to get into it. You would have to supply whoever is going to get your inheritance with all the information but still keep that hardware secure while you are alive but they need to know where it is just in case you pass away unexpectedly. It is a complex answer because securing a hardware wallet while someone knows where it is difficult. I would say do not give them the combination to the safe or lockbox and just give them the hardware wallet pin code that way they would need to crack open the safe or lockbox which can be done given enough time but probably would not go unnoticed in your own home.

You could keep coins on a hardware wallet, put it in a lockbox and entrust a 3rd party to pass the lockbox to your next of kin or beneficiary when you die. There wouldn't need to be a unique service for this because there's already ways to pass down property to someone after you die. A specific crypto ownership transfer service just seems like a waste. And to any observer, they'd be handing over something that seems worthless. They wouldn't know there's crypto within the device. Of course, this isn't really how insurance typically works. You'd need a will set up for this.

It is proving that you have been scammed that will be the problem. Most insurance companies want to see evidence on where you have lost out and that is a chore but with btc it not easy to prove because you probably do not have invoices like you would in the normal world and you cannot prove that you have not just sent your btc to a address you own and tried to scam the insurance company. Insurance for btc will never work.

What will happen to the idea of bitcoin  for animosity and decentralization.

How can you maintain the animosity in insurance when you need to give all your personal information for verification and authentication.

Also, this will be a huge risk and subject to scam.

I prefer to just share my account to my partner than to any company or group that can bail out anytime and for me to lose everything in just a second 

Any insurance scheme relies on the basic assumption that the money paid by buyers will be a percentage larger than the total amount of insurance they actually have to pay to damaged customers. So this will not work in cryptocurrency space as the only people who will buy it are those who are highly likely to get scammed, and the business will also close doors.

There is no such insurance policy for covering the loss made by crypto currencies that is why exchanges lose their value to zero when they are hacked, and it can be insured as well cause its decentralized and it has the possibility of involve into insurance scams even if any insurance company provide in the future so keep your money on your own and if you feel a part of your asset should reach your heirs then just give it to them when you are there.

I know there's a few people who proposed a similar idea but I think it was unsuccessful because the thread receive lots of criticism and then forgotten after some days. It's truly hard to entrust your keys to someone else online but unless maybe if they do have a physical office similar to banks but many banks are much older and much known than them so it's easier for them to gain the trust of the public.

Anyway, cases of lost Bitcoins aren't really new but their numbers are high before compared to now because people back in time are clueless that the coin that they are holding are very valuable that its price can increase by a lot of folds.

Part of the reason baseball cards, sports memorabilia and collectibles appreciate in value over time. Involves many cards, collectibles and memorabilia being lost or destroyed, resulting in deflation and scarcity of assets.

The same principle could apply to bitcoin. As coins are lost, deflation and scarcity increase. Which naturally would contribute towards the price being driven upwards steeply over the long term.

Lost coins would contribute towards bitcoin becoming a more exclusive and rare asset. Like mining rewards halving it would drive the price of bitcoin upwards, under natural market mechanics.

Speculation and volatility are the unknown variables. If it were purely a matter of market forces and trends, bitcoin's value could be expected to appreciate at a linear rate as coins are lost and become defunct.

Indeed Bitcoin is really a life insurance. But it may end up with only the owner that is no third party can have access to it after the departure of the owner

I think this doesn't sound interesting because it goes against the idea of Bitcoin. Bitcoin frees you. With Bitcoin, you don't have to trust anybody, whether to take care of your money or to take care of how it is stored or to make sure it goes to the right heir when you die. All of this is removed with Bitcoin. You take care of your own money. That's 100% yours and your 100% responsible for it and for whatever will happen to it after you die.

If you're unsure about its safety or how to make sure it is properly inherited, do something. But you don't have to let a third party intervene.

Always remember that our money is our responsibility and keeping it safe is our obligation so why need to let others or third party to act on this when we are the one who must do this for our own funds.

Insurance can be good for everything but for crypto? I am not sure if we can be willing to let others keep our funds? or we will do the better for its safeties?

also why not let our love ones help us keep it ? than letting someone do it for us.

trusting coins to 3rd party is not insurance.
its the worse form of protection
(not-your-keys-not -your-coin)
it actually becomes putting funds in 3rd party, where you THEN need financial insurance to counter the risk of the third party

in short its the custodian that needs insurance.

if its about your own funds.. be your own custodian and secure your funds in the many many ways available using features of a full node such as the many ways to multisig funds and then separate out keys to relatives where they then can backup keys anyway they like to evade sibling attack

however putting funds into a business custodian. you then need financial insurance to protect you if said business was to go bankrupt/abscond with value due to 'not-your-keys-not-your-bitcoin

What about a decentralized solution instead trusting one's coins to a third party?
There must a way for a wallet to be emptied and those funds be sent towards another address after a certain period of inactivity is reached, if that is achieved somehow, the heirs would only need to keep their personal private keys and take care of them until the transaction is deployed.

Agree, one of bitcoin biggest quote is "be your own bank" so the security is at your risk.

Although I found some crypto insurance but it never gets redeemed before and it usually covers the smart contract which means only the specified EVM chain that available to cover and usually it cover DeFi solution not bitcoin

you can search in here https://coinmarketcap.com/view/insurance/

well know

• Nexus Mutual
• InsurAce

i think you took my numbers too literally..
its more of the mindset that people think they should only have 1 back up.
yet nothing stops them having more

as said before if your worried about a sibling then there are many different ways for you to encode your key

you are not locked to only relying on a trezor or a paperwallet(one option to be stuck with) you have freedom of choice of options. thus can create your own cunning methods to back up your key to evade snooping siblings

plus sibling needs all keys of all relatives to then be able to steal funds. so just finding one siblings key is as useless as not finding 1 siblings key in a 5 of 6 multisig because he needs to find atleast 5 keys hidden by 5 people in x number of different ways.

thus its not a case of just needing to steal 5 trezors. you have freedom to back up in many ways

EG tell family you have key on a trezor. and let them waste years sneaking around he house trying to locate your trezor. when actually you etched it on the inside of a metal ball point pen grip which then needs to be sha256 hashed 10 times with a salt nonce of a special number to reveal the private key or some encryption..
(theres a world of options)

The more copies of your private key the more chance of it being stolen. More backups does not make it more secure and could do the opposite because there is no way someone could make a 1000 backups and secure all of them equally. If it was all backed up in their house then there would not be enough room for enough safes and putting them all in one place would be pointless for creating backups.

nothing stops anyone from making 1000 backups of their key in multiple methods

EG pencil on paper, etching metal, phone with wallet, pc with wallet, usb stick backup. trezor. tattoo on arm. rfid implant. NFC stickers

endless solutions to not forget

..
to avoid any one member from raiding the inheritance early and running off to exotic island to never talk to siblings again.. solution is simple.. multisig

they can all save their key a millions different ways but they dont have access to siblings keys.. to merge the keys to create the multisig

you can then have a method where the main investor of the family keeps his key a secret where family only get to know it upon his death where a solicitor/lawyer store the 'last Will' containing said key. but they obviously cant steal funds because they dont have the other keys of the multisig

people can create their own encryption which is only valid to decrypt data after 6 months.
people can have it where it monitors the blockchain and only allows decryption where there is a valid block height that is higher than 26250 blocks higher than when the algo was made
(using blockheight is better than just having unix tme (which someone can simply change the system clock/calender date to fake it being 6 months later))

and thus use the blockchains height as a timestamp to authorise decrypting data
thus not need a lawyer, and instead just the main investor of the family adjusting the "death switch" which if he doesnt update to be 25000 blocks later than update, must be becasue he died and cant update it. thus family will get to unlock within 6 months

other things are available like nlocktime to prevent a transaction from being spent(included in block) until after X

I heard about it before but it wasn't working because of the Trust issue.
People who understand the decentralized nature of Bitcoin always doubted trust in any centralized companies that offer a service like this, because it's prone to scams or any fraud activity ahead, you'll never know when they will become a scam.

You can't mix up decentralized and centralized ones, the importance of storing Bitcoin is a seed phrase that you can keep and transfer to heirs when the time comes you'll pass away.  There's no need for a centralized company to ensure the security of your Bitcoin.

If you trust your partner to handle all your other assets or you have a joint bank account then I think you can trust them to have access to your seed. You might want to make sure that it is secure and that they can only access it under extreme situations to prevent knee jerk reactions but securing your btc in case of your death is pretty easy to do.

Creating a treasure map or subscribing to some centralized service would not be that much easier than following a couple of guidelines to set up a locked transaction for a determined period of time and giving the seedphrase to the receiving wallet to the person you want to get the bitcoins when the transaction is confirmed.

One just actually needs to set out to do it

Insurance is mostly just legalised scams, you pay a monthly fee or annually for something that's unlikely to happen. Hence why, insurance companies are normally massively profiting. Alright, some insurances are nice to have admittedly, and the government backed scheme of guaranteeing your money if your bank falls through, is quite nice. However, that goes against Bitcoin's principles, and there's no realistic way of doing it. Who, in their right mind would insure something that can't be proved to be lost? Unless, you gave your insurance company all of your Bitcoin, and they controlled the private key there's no way of doing it, and it should go without saying, but that's a big no, no.

Or, just have it as a standard loss policy. If coins cannot be retrieved then it's no different then if your house gets broken into and something stolen, or you dropped that priceless piece of art.
There is the potential for fraud, but there is always the possibility for that with any kind of insurance.
The question would be can you make it cheap enough that people would be interested, but expensive enough to generate a profit for the company otherwise nobody would offer it.

-Dave

Centralized services can't guarantee your heirs will receive your coins after your death. Imagine they simply scam your coins at some point, giving any excuse like they were hacked or operational costs of their platforms have surpassed the profit they make?

The problem with crypto services is the lack of guarantees for customers. This is a present and recurrent issue, having become more evident last year with so many huge and cynical scandals/thefts.

It's quite ironical crypto companies can provide insurance services, when they can't insure their customers at first point.

Nobody expects to die today. People's lives are full of hope, even when they are dying. It would be impossible to pass on the seed phrase to relatives in order to ensure access to it. Even the living today do not completely trust their loved ones, let alone adding their names to their wallet for access after death. Essentially, this is impossible because it contradicts the bitcoin framework's decentralization.


Oh yeah, and it will take a long time to figure out something that will work in this manner. However, I believe it will breach the bitcoin network's decentralization.

When something positive about the market is being taken,they get into panic than understanding the real situation of the people. Everyone doesn't want to reach home to have rich. Rich always have an idea set to learn. Letting them to the learn the true prospects will make life better. An insurance system is required to keep the people on the risk free space.

Okay yes great points and I agree, but honestly, for most coin holders how many people do you think have the proper safeguards set up ensuring that their heirs would be able to safely locate the location/keys to their holdings properly anticipating a sudden death? I would argue to say that most folks who own keys to coins do not, simply because they don't expect to die anytime soon, especially if they are millennials or younger generation. If they die the discovery of said coins is left completely up to chance, unless they made sure their significant others/family knows the whereabouts/that they even owned the crypto/NFTs, etc.

So for that reason, there has to be some sort of round about way that heirs could find this and that it could get distributed evenly. Because lets face it the first person in the family who finds this stuff gets it, and basically from that point forward it is up to their own discretion to distribute evenly, etc. So any person who owns coins and has a will set up, none of what they wished to have happen to their coins would actually happen, unless they were to procure the right service.

Honestly at this point I say a treasure map would take the cake!!! hahahhah But seriously there has to be a way, some roundabout way to achieve this......

There is no need for a centralized system which helps people to save guard their bitcoins.
Owning Bitcoin means being responsible for your passwords and more importantly, your keys and seedphrases, which always gives you access to your funds.

You can not. They can claim to be audited by an independent body and have transparent files, but centralized systems are beyond your control and can get breached, hacked or even have an internal body compromise the security of your funds.

There are decentralized means to ensure your funds get you your heir.

There is a serious need for "Bitcoin Life Insurance" In the coming years we are going to see so many cases of "Lost Coins", these will be coins that are not accessible because the surviving heirs are unsure of the password to the ledger or trezor, or whatever cold storage wallet they have, or they just won't have copies of the private keys.

I am not aware of any such policy or service that is trusted to mitigate the transfer of ownership of crypto assets to heirs in the event of one's death. Is anyone familiar with a company that does this? If so, what measures do they take to ensure that the crypto is indeed successfully transferred?  Is it a Trust, or some sort of financial advisory board? If someone signed up, how could they ensure that the companies products/services are to be trusted?

I'm sure this subject has been brought up. I have just finished up my CEs for my 215 license to continue selling life insurance/ health insurance and it got me thinking. What are your thoughts on this?/ is anyone aware of a company that provides said service?

Best,

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