Insurer Offers First Fixed Indexed Annuity with Bitcoin
Delaware Life Insurance Company, a Group 1001 company, announced the addition of the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio, making Delaware Life the first insurance carrier to offer an index that contains cryptocurrency. This strategic addition enables investors to diversify their portfolios and gain exposure to Bitcoin, while providing full protection of the principal contributed to the FIA.
Delaware Life is committed to innovation and expanding investment opportunities in the annuity space.
“We’re proud to partner with BlackRock as the first insurance carrier to offer cryptocurrency exposure through a fixed index annuity,” said Colin Lake, President & CEO of Delaware Life Marketing. “As the retirement-planning landscape evolves, we’re continuously and thoughtfully innovating to meet the needs of financial professionals and their clients. Our fixed index annuities deliver what today’s investors want and need: opportunity for growth with protection.”
The BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index is designed to deliver:
- Blended growth exposure: Combines U.S. equities and Bitcoin in one index for diversified return potential.
- Risk-managed design: Targets 12% volatility, using dynamic cash adjustments to help smooth Bitcoin’s inherent volatility.
- Efficient crypto access: Provides professionally managed Bitcoin exposure without the complexity of direct crypto ownership through the use of iShares Bitcoin Trust ETF (IBIT), the largest and most liquid of the Bitcoin exchange-traded products (ETP).1
The launch coincides with Bitcoin’s 17th anniversary and the second anniversary of IBIT, marking a milestone in bringing digital assets into traditional retirement products.
“This launch builds around the tremendous success and client demand we have seen for IBIT, enabling insurance clients to now add bitcoin exposure as part of a broader indexed annuity strategy,” said Robert Mitchnick, Global Head of Digital Assets at BlackRock. “The BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index offers a measured approach, allowing policyholders to participate in digital assets while maintaining the downside protection they expect from annuity products.”
The BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index is available as an index option on three of Delaware Life’s products: Momentum GrowthTM, Momentum Growth PlusTM, and DualTrack IncomeTM. For more information on the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index and Delaware Life’s FIAs, visit https://www.delawarelife.com/product/fia.
Source: Delaware Life Insurance Company
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