Facebook Life Insurance Beneficiaries?

Brainstorm Session:  Still open for comment: https://www.linkedin.com/feed/update/urn:li:activity:6532105404908924928

What if you could buy life insurance and have all your Facebook friends as your designated beneficiaries: Can you think of any benefits and limitations?

I think Facebook could have an opt-in to participate option to be an eligible designated beneficiary of an unknown Facebook friend. Might be able to avoid the SSN # gathering.

On death, why is it so hard or rare to see any more innovation in this area? How hard should it be to make a will, or a comprehensive / interesting / unique one? For example you could write a letter to be delivered to your daughter’s wedding: a personal message/telegram, or other such related odd or interesting services that could be included in offering these services in a more streamlined, and easy-to-setup system. Also, it should be easier to clean up any socials or other web traces according to your advanced wishes. How much $ would this really cost? Or time? Really, I don’t think much, it shouldn’t be that hard.

What is the solution?

Thoughts?

Any app / new business ideas?

-Steve

hashtag#innovation hashtag#death hashtag#thoughts