
Coin Stories with Natalie Brunell
Bitcoin Loans & Life Insurance: Borrowing Against Bitcoin Tax-Free with Danny Baer
By Natalie Brunell
Aired Jan 17, 2025 · 29m · Last boosted Jan 24, 2025
Chapters
Show Notes
In this episode with Danny Baer of Meanwhile, we discuss: Bitcoin life insurance Borrowing against life insurance tax-free Whole life policies priced in Bitcoin Explaining the value of Bitcoin to TradFi Learn more and sign up at: https://meanwhile.bm Referral code: FXFMYG ---- Bio: Danny Baer is the Director of Wealth & Asset Management at Meanwhile, a Bitcoin-only life insurer. Danny earned a Bachelor's degree in politics from Princeton University. Follow Danny on X at https://x.com/dbaer7 ---- Coin Stories is powered by Bitdeer Technologies Group (NASDAQ: B...
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Episode Boosts
Every boost sent to this episode, as published to Nostr, newest first.
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Whether people love them or not, super bullish to see tradFI products come to bitcoiners
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As a licensed life insurance agent and Infinite Banking Practitioner since 2015 this idea sounds Amazing, but... What are the downsides? This company is based in Bermuda, what protections against getting rugged do you have? Life insurance in the US is governed by each state regulations. All life insurance companies pay into Guaranty Associations that give protections. Secondly, the life insurance companies that I work with have a 150 year track record and many over 100 years of paying dividends to policy holders. Lastly, when paying life insurance premium using bitcoin, that will be considered a cap gain event since you are selling your bitcoin to the company. Yes the payout is tax free, but I believe in the US, and bitcoin transfers that are not to your own wallet are taxable. There is a lot more to this, than what was presented. As much as I'd like to use some bitcoin to put into this. I'm not there yet. Your mileage may very. I'd rather hold my own keys, buy traditional life insurance using fiat that I can then leverage using the policy loan provisions into other assets or investments. My mentor in the Infinite Banking Concept has done some talks about how whole life insurance can keep up with inflation. Maybe look into The Infinite Banking Concept for your fiat and keep your bitcoin in your own control. Not your keys not your coin. Feel free to reach out to discuss. Dynastywealthpartners.com
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