Delaware Life partners with BlackRock to offer bitcoin exposure through fixed index annuity

Delaware Life Insurance Company announced it is the first insurance carrier to provide investors with exposure to Bitcoin through a fixed index annuity. This is achieved by incorporating the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index into its annuity portfolio. This new index combines traditional U.S. equities with Bitcoin exposure, primarily through investments in BlackRock's iShares Core S&P 500 ETF and the iShares Bitcoin Trust ETF (IBIT).

Delaware Life Marketing President and CEO Colin Lake stated the innovation meets the evolving needs of financial professionals. Robert Mitchnick, BlackRock Global Head of Digital Assets, noted the launch capitalizes on the success of IBIT, allowing insurance clients to add digital asset exposure while maintaining the principal protection expected from annuities. A fixed annuity protects the investor's principal capital against losses. Delaware Life is a subsidiary of Group 1001 Insurance Holdings, LLC.

(Source：The Block)