Delaware Life Insurance Company is adding constrained Bitcoin-linked exposure to its retirement annuity portfolio through an index developed by BlackRock.
The insurer will offer an indicator that mixtures US equities with a petite, risk-managed allocation to Bitcoin (BTC). Bitcoin exposure is through BlackRock’s iShares Bitcoin Trust ETF, which means investors do not hold Bitcoin directly.
The index combines U.S. equities with managed exposure to BTC and applies volatility controls designed to limit fluctuations to approximately 12%. Delaware Life said this structure allows policyholders to gain indirect exposure to BTC price movements while still maintaining principal under the terms of the annuity.
The index will be available in three Delaware Life fixed index annuity products. Fixed indexed annuities are insurance-based retirement products that protect the initial investment and offer tax-deferred growth, with returns tied to the performance of a benchmark market index rather than direct ownership of the asset.
Delaware Life Insurance Company is a US-based provider of life insurance and annuities, focusing on retirement products. Business he said in November 2025, it surpassed $40 billion in cumulative annuity sales.
BlackRock, one of the world’s largest asset managers, fired its Bitcoin ETF in January 2024, according to CoinMarketCap datathe fund has a market capitalization of over $70 billion, making it the largest Bitcoin spot fund.
In December, BlackRock said the ETF would be among the company’s top three investment themes in 2025.
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Insurance companies are exploring Bitcoin-related strategies
The Delaware Life product is not the only example of insurance companies experimenting with Bitcoin-related structures.
Meanwhile, Group, a Bitcoin life insurance company, launched in June 2023, backed by investors including Sam Altman and Gradient Ventures. In October 2025, the company raised $82 million in a funding round that it says will be used to support growing demand for Bitcoin-denominated retirement and savings products.
Barbados-based insurer Tabit has taken a different approach, using Bitcoin to fund its balance sheet rather than offering cryptocurrency-linked insurance products. In March, the company raised $40 million in Bitcoin to support customary property and casualty insurance policies denominated in US dollars, saying its entire regulatory reserve was held in Bitcoin.
In addition to insurance products, U.S. policymakers have moved to expand access to cryptocurrency exposure through other retirement instruments.
In August, US President Donald Trump signed an executive order directing US regulators to expand access to cryptocurrencies in 401(k) retirement plans.
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