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Delaware Life becomes first insurer to add Bitcoin annuity
On Tuesday, Delaware Life Insurance announced the addition of the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed indexed annuity (FIA) portfolio. This move makes Delaware Life the first insurance company to allow investors to diversify their portfolios and gain exposure to Bitcoin while fully protecting the principal invested in an FIA. The BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index combines U.S. equities and Bitcoin within a single index to deliver diversified return potential. It targets 12% volatility by using dynamic cash allocations to help smooth Bitcoin’s inherent volatility. ... (full story)
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