Benefit 1: Benefit Payout

The LifeDAO is a mutual protection community that is an alternative to life insurance. In the event of a member’s passing, his designated beneficiaries will receive a lump sum payout based on his annual contribution, his individual risk index (B.BM) and the overall fund health index (BM.A).

Benefit payout

=

Individual Risk aka Base Benefit Multiplier (B.BM)

x

Overall Fund Health aka Benefit Multiplier Adjuster (BM.A)

x

Individual Annual Contribution

The beneficiaries are required to report the passing of the member and upload supporting documents to initiate the Payout process. The beneficiary may elect to receive a USDC or other stablecoin payment or payment in through our offramp partners.

For more details about how Benefit Payouts are calculated, please refer to the Takadao Whitepaper.