I would not want to use such a wallet, just as i do not recommend that people opt-in for Ledger recover service. Features like this may sound helpful, but over all it gives a false sense of security. I do not want to use a wallet that has the possibility of sending out my seed phrase, it does not even matter if i opt-in or not, just for the fact that it is possible is a red flag.

If you truly have 'trusted' people that you will pick for something like this, then just use a recommended wallet and give your seed phrase backup to the said people, problem solved.