👀Thought insurance was just for traditional people? Crypto millionaires are starting to buy life insurance too! Will you buy it?

This insurance startup @meanwhilelife, backed by Sam Altman, raised $40 million in Series A funding, making it one of the largest financings in the crypto insurance space.

Unlike DeFi risk mutual aid, Meanwhile offers life insurance priced in USD and supports BTC payments, focusing on tax optimization + wealth inheritance, targeting on-chain BTC millionaires and their family offices.

Its core keywords:

Life Insurance: Traditional insurance form

Tax-advantaged: Legal tax avoidance

Leverage BTC Wealth: Serving HODLers

Pass to Next Generation: Wealth inheritance

Licensed in Bermuda: Compliant offshore insurance structure

Such products are actually the prototype of a "Web3 Family Trust." Currently, the user base is niche, but the market demand is strong, and there are no strong competitors. It's not surprising that the Series A valuation is higher than that of similar insurance companies (such as Yuanbao and Human Interest).

For retail investors like us, it may not be immediately useful, but it at least made me realize that my BTC can also be used for asset planning📊.

👇Do you think such products have value? Would you like to learn more?

📌In the next issue, we will continue discussing Tabit and crypto financial licenses, so follow us to not miss out!