Looks like Ledger is launching their service on October 24 which is:
designed for users who “want to add an enhanced layer of resilience”
According to social media posts, the Ledger Recovery service will be available at $9.99 per month, or about $120 per year. If a user fails to pay the subscription, the subscription will be suspended, allowing the user to reactivate the subscription in the next nine months.
I do like companies innovating but I am dubious this will be a good service.