Delaware Life Teams Up With BlackRock To Bring Bitcoin Exposure To Annuities
Delaware Life is taking a brand new step towards mainstreaming Bitcoin publicity in retirement-style merchandise, including a BlackRock-built index that blends US equities and Bitcoin to its fastened listed annuity lineup.
The insurer, which sits inside Group 1001, said Tuesday it has added the BlackRock US Equity Bitcoin Balanced Risk 12% Index to its fastened listed annuity portfolio, calling it the primary time an insurance coverage provider has provided an index that features cryptocurrency.
Fixed listed annuities, or FIAs, usually defend the policyholder’s principal whereas crediting curiosity that’s linked to a market index, usually with caps or different limits on upside.
The new index is designed to ship publicity to the iShares Core S&P 500 ETF alongside the iShares Bitcoin Trust ETF, and it targets 12% volatility by including a money element that may dial threat up or down.
Delaware Life Blends Crypto Access With Capital Preservation
Delaware Life framed the transfer as a method to let traders add Bitcoin publicity with out dealing with cash straight, whereas conserving the principal safety construction that defines the FIA wrapper.
“We’re proud to accomplice with BlackRock as the primary insurance coverage provider to supply cryptocurrency publicity via a set index annuity,” stated Colin Lake, president & CEO of Delaware Life Marketing.
“As the retirement-planning panorama evolves, we’re constantly and thoughtfully innovating to satisfy the wants of economic professionals and their purchasers. Our fastened index annuities ship what right this moment’s traders need and want: alternative for progress with safety.”
Demand For Bitcoin Exposure Pushes Deeper Into Retirement Products
Meanwhile, BlackRock’s Robert Mitchnick tied the launch to demand for Bitcoin publicity via acquainted rails, saying the index goals for a measured method that retains the draw back safety annuity patrons anticipate.
At the identical time, the index possibility might be obtainable on three Delaware Life merchandise, Momentum Growth, Momentum Growth Plus, and DualTrack Income, as conventional finance retains experimenting with methods to package deal crypto publicity inside regulated merchandise.
The launch additionally leans on the momentum behind BlackRock’s spot Bitcoin automobile, with iShares’ website itemizing tens of billions of {dollars} in web belongings for IBIT.
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