Oddbean

There's a market here for anyone with the capital to get it off the ground. Although I'm sure the government and financial industry put a million legal and regulatory barriers in the way to stop plebs from insuring each other.

There are a few ways to get around most of those kinds of issues, though, "we" don't need "permission" to do this. IDGAF about legality anymore. Any thinking person won't, either, at least if one has a strong enough moral compass and doesn't have too much to loose. But even that is a weak minded way to think about things and while I don't want to end up in loosing battle with the state in general, it's still worth fighting.

Thought experiment: what would you charge for a policy that pays out 1 btc to my wife upon my death? A lump some while I'm young? Some amount of sats monthly until I die? How many people would need to participate in the fund to keep it solvent?

I'm not an actuary. I never want to be. However, there are some people that are very good at figuring out those kinds of things, and since insurance companies still turn profits in this inflationary monetary climate, I'm sure someone with enough capacity of mind can figure out that BTC and it's deflationary pressure on fiat could potentially yield greater profits while not screwing people over. There are different types of fiat insurance policies for different situations, and I would think that could and should be the case for a policy backed by BTC. There are enough BTC maxis that could benefit from this as long as the policy holder and company can come to an agreement as to how to get paid and when. It's complex, but, it can, and I think should, be done.