Known by many other names—burial insurance, pre-need insurance or funeral insurance—final expense insurance is a type of permanent life insurance that collects a regular premium in exchange for a fixed amount of coverage paid to a named beneficiary or beneficiaries at the time of your death.  The death benefit is guaranteed as long as premiums are paid as required. You can choose between monthly or annual premium payments. The cash value of the policy accumulates tax-deferred. Your beneficiary chooses whether or not to use the death benefit for burial expenses.

A blockchain is a decentralized ledger.  It contains information that is verified and maintained by thousands of computers simultaneously.  The insurance industry stands to benefit tremendously from blockchain several ways.  Reduced administrative costs resulting from automated verification of identity, smart contracts guaranteeing expedited payouts, fraud detection and prevention, and secure handling of medical and other confidential records.

Unlike the U.S. dollar which continues to suffer from massive inflation, cryptocurrency continues to increase in value and is essentially inflation-proof.  There will never be more than 21 million bitcoins in existence; no government can mint additional coins and cause devaluation.  

Marketing will be done almost entirely online and through social media. Of our marketing, 10% will be aimed at the direct client; the remaining 90% will be directed at the beneficiary, who is more cyber and digital savvy. The objective will be for the beneficiary to convey the message of an increasing death benefit to the insured. Our target client is ANYONE who has, or meets the criteria for, final expense coverage. Most insurance carriers offer level death benefit final expense, therefore all existing final expense insureds will benefit from our new evolved final expense platform.

You will see lower premiums because of the reduction in costs resulting from the elimination of underwriting and commissions. You will find enrollment and purchasing of a policy faster and easier. And you will ultimately see death benefit payouts that are valued higher and worth more. Death benefit payouts will be paid within moments instead of months.

Yes. CCLC policies will be available nationwide and in all countries that have databases in place to support autonomous blockchain capabilities.

Clear Chain Life Coin will increase in value during pre-ICO and ICO stages. Once CCLC hits the open crypto market, the coins value will follow traditional supply-and-demand patterns.

Clear Chain Life Company will generate revenue from the following:

1. Policy premiums—policies paid and overhead.

2. Death benefits paid will be based on bitcoin value—vesting period. Clear Chain will share profits from the growth of bitcoin alongside its clients.

3. Clear Chain Life will hold in reserve bitcoins purchased in time periods earlier than when a client assigned. Clear Chain will generate money from the sale of bitcoin at current value to its clients, minus paid price. The difference will be revenue.

4. Final Expense companies generally invest revenues in the open market or in real estate. Clear Chain Life intends to invest company revenues back into the crypto market.