Episode 797
Confronting a Bitcoin-Only Life Insurance Company | Danny Baer
Interview with Danny Baer, an executive at Meanwhile, the world’s first licensed Bitcoin life insurance company — he break down how it works, we review a real policy illustration live, and explore who this is (and isn’t) a fit for. I raise tough questions, and concerns we've heard raised from our subscribers that challenge this bold new approach to the life insurance industry.
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Want to Learn More About Meanwhile and Bitcoin Life Insurance? Go Here: https://bit.ly/MeanwhileBTCLI
00:00 Introduction & Topic Overview
02:29 Who is Danny Baer?
07:13 Company Background
10:10 Volatility of the Company?
18:00 Bitcoin Insurance
19:56 Underwriting Process
24:27 Who Are The Investors?
25:57 2% Guaranteed for Policy Holders
27:41 Why Are They Investing?
32:00 Policy Review
35:43 Loan Rates
39:40 Bitcoin as Collateral
41:43 Pushback
50:45 Bitcoin Alternative?
57:46 What if Bitcoins Drop?
59:45 Wouldn't It Be Better To Own Bitcoin Outright?
1:00:12 Is Bitcoin Income from Life Insurance Tax Free?
1:00:55 Does Meanwhile Offer PUA to Build Bitcoin Through Policy?
1:01:20 Provision and Liquidation
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DISCLAIMER: https://bttr.ly/aapolicy
*This video is for entertainment purposes only and is not financial or legal advice.
Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.