Bingo. Insurance is an actuarial business, playing the odds just like the house does in Vegas. Most people who own airplanes are relatively high-value people, in the financial sense (high earners, important corporate executives, or just high net worth people). People who can afford to own and operate twin-engine planes push up the odds of being in that category.
So whether it's one person or six who die in a ball of flames on the runway, that insurance claim is going to be a very big one. Let's say that a perfect gear-up approach has a 90% chance of totaling out the plane and a distracted one has a 10% chance of torching the people in the plane. Play the long game like the insurance company does and you'll always choose the bet that costs you 90% of a twin-engine plane (which is already a small enough number) over the one that costs you 10% of between one and six high-dollar-value lives. Same goes with Cirrus and the parachute. Pull the chute and the insurance company pays 100% of a half million or so, but try to recover from a spin with ice on the wings and it's more like 90% of a millionaire.
I don't think there's any suggestion here that GRG55's insurance policy restricts his PIC authority in an emergency. But it's just like my insurance agent telling me to hit the deer rather than swerving to avoid it: The advice is, in the general case, good for the goose and for the gander. The insured puts an increase in personal survival chances, even a small increase, over any increase in property survival chances and the insurer gets the benefit of paying relatively cheap property damage claims instead of relatively expensive personal injury and wrongful death claims. Insurance companies really do care whether you live or die, even if it's for the morally wrong reason.