American insurance companies incorporate Bitcoin into retirement products for the first time, with BlackRock ETF as the foundation

Source: TokenPost Original Title: Delaware Life Insurance Officially Incorporates Bitcoin($BTC) into Annuity Products… Based on BlackRock ETF Original Link:

Delaware Life Insurance Launches Fixed Index Annuity Products Containing Bitcoin

For the first time, Bitcoin has been included in retirement products by an American insurance company, marking the official introduction of crypto assets into the asset allocation of retirees. Through a partnership with BlackRock, investors can gain indirect exposure to Bitcoin without directly holding the asset.

Delaware Life Insurance recently announced that it will incorporate BlackRock’s newly developed index into three of its fixed index annuity (FIA) products. The index not only includes U.S. stocks but also features risk-managed Bitcoin exposure, constructed based on BlackRock’s spot Bitcoin Exchange-Traded Fund (ETF) “iShares Bitcoin Trust.” This allows participants to benefit from value fluctuations without actually holding Bitcoin.

Delaware Life stated that the design goal of the index is approximately 12% annual volatility. It aims to reflect market performance with a volatility adjustment while minimizing the risk of principal loss. Annuity holders can thus diversify into this new asset class—Bitcoin—while adhering to the core principles of principal preservation in annuity insurance.

Fixed index annuities are products that do not directly operate assets but determine returns based on a specific index benchmark, also offering tax deferral benefits. Delaware Life reported that by November 2025, its cumulative annuity sales had exceeded $40 billion.

Since BlackRock launched its spot Bitcoin ETF in January 2024, its scale has grown rapidly. According to CoinMarketCap data, BlackRock’s ETF manages over $70 billion in assets, making it the largest among spot Bitcoin ETFs. BlackRock announced last December that this ETF had become its third-largest investment theme.

Insurance Industry Accelerates Launch of Bitcoin-Based Products

Delaware Life’s case is one of many efforts by the insurance industry to develop Bitcoin-based product structures. Tech-focused life insurance startup Meanwhile Group launched Bitcoin-backed life insurance in June 2023, and by October 2025, it had raised $82 million to meet the growing demand for Bitcoin-based retirement products.

Additionally, Cayman Islands-based insurer Tabit chose to fill its accounting assets with Bitcoin instead of cash. In March 2024, Tabit raised $40 million worth of Bitcoin to serve as U.S. dollar-denominated insurance reserves. This is the first case where all regulatory assets required for insurance payouts are held entirely in Bitcoin, attracting widespread attention.

Policy Initiatives Promote Crypto Assets in Retirement Accounts

On the policy front, efforts are also underway to incorporate crypto assets into retirement planning. In August 2025, the U.S. President signed an executive order instructing U.S. regulators to expand cryptocurrency inclusion in the 401(k) retirement plans. This is seen as a meaningful step toward increasing the role of digital assets like Bitcoin in institution- and retiree-centered markets.

As both insurance companies and policymakers expand opportunities for Bitcoin-based retirement planning, the composition of traditional retirement investment portfolios may also change. However, given Bitcoin’s high price volatility, some voices emphasize that such investment structures require careful design and regulatory support.