I think it will be risky to invest life insurance in crypto,we know how volatile crypto market. Investing in decentralized dont have assurance that it will grow and its risky.Many things you need to consider before you investing in life insurance even how project is good. Think 10 times before that.
Every year I buy a term life insurance, it didn't cost that much depending on your coverage some cost only $10 usd or less which I still hope I will not be going to use but just in case of accident. I prefer also having medical coverage that can be used for hospital bills. I didn't avail those costly plans it's just a backup just in case I'll be needing like what I have insurance for my car. It does not need to be in crypto base to have it. But if it will be blockchain based, those who are into crypto might get reason to avail their own Insurance.