"Delaware Life Insurance Company has become the first U.S. insurance carrier to offer a fixed index annuity (FIA) linked to a cryptocurrency-focused index, the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index. The move allows retirement investors to gain indirect exposure to Bitcoin while retaining principal protection, a hallmark of traditional annuity products. The newly launched index blends 74% exposure to the iShares Core S&P 500 ETF with 25% exposure to the iShares Bitcoin Trust ETF ( IBIT) and a 1% cash allocation."
""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.""
"Delaware Life's CEO of Marketing, Colin Lake, touched on the company's focus on innovation. "We're proud to partner with BlackRock as the first insurance carrier to offer cryptocurrency exposure through a fixed index annuity," Lake said. "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.""
Delaware Life Insurance Company launched a fixed index annuity linked to the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index, becoming the first U.S. insurer to offer such a product. The annuity provides indirect Bitcoin exposure within a principal-protected retirement vehicle. The index allocates 74% to the iShares Core S&P 500 ETF, 25% to the iShares Bitcoin Trust ETF ( IBIT) and 1% cash, and targets 12% volatility through dynamic cash adjustments to moderate Bitcoin's swings. BlackRock describes the index as a measured approach that preserves downside protection. As of December 31, 2024, the index recorded a six-month return of 1.88%.
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