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2w ago

Delaware Life Becomes First U.S. Insurer to Add Bitcoin-Linked Index to Fixed Indexed Annuities

BlackRock’s index blends U.S. stocks with IBIT under a 12% volatility target to deliver indirect crypto exposure within annuity risk limits.

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BlackRock partners with Delaware Life to bring Bitcoin into fixed index annuities
Delaware life debuts fixed index annuity featuring bitcoin exposure

Overview

  • The BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index is now available on Delaware Life’s Momentum Growth, Momentum Growth Plus, and DualTrack Income FIAs.
  • Bitcoin exposure is delivered through BlackRock’s iShares Bitcoin Trust (IBIT) inside the index, allowing policyholders to avoid buying or custodying crypto directly.
  • The index dynamically allocates to cash to maintain a 12% volatility target, pairing BTC-linked returns with principal protection typical of FIAs.
  • IBIT, launched in 2024, is reported to hold roughly $74.5–$76 billion in assets, underscoring its role as the primary spot Bitcoin ETF used in institutional products.
  • Executives from both firms framed the launch as meeting client demand and extending Bitcoin access into retirement products, as banks have issued more than $530 million in IBIT-linked structured notes.