It would be rare to find a life insurance policy that covers death from flying your own airplane, or being in any sort of motorsport race. Those are almost always specifically written out.
There is already a temu knock-off of it, a true drone because it can be flown remotely, and these guys managed to crash it on their first day. Temu Jetson 1 knockoff.
But here's the issue, you cannot fly it over any populated areas, even a town with 50 people in it since that qualifies as a "settlement".
Private Ranches and Farms: Your best and safest option.
Open Deserts and BLM Land: Much of the open land in the American West (Bureau of Land Management land) is perfectly legal for ultralight flight, provided you aren't bothering wildlife or campers.
Ultralight Airparks: There are dedicated rural airfields across the country specifically built for ultralights, powered paragliders, and experimental aircraft to take off and land freely.