Delaware Life Launches First Fixed Index Annuity with Bitcoin Option
Delaware Life Introduces Industry's First Fixed Index Annuity with Bitcoin Integration
Delaware Life Insurance Company, part of Group 1001, has announced a breakthrough in its fixed index annuity offerings by integrating the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index. This strategic move positions Delaware Life as a pioneering insurance provider, becoming the first to incorporate cryptocurrency exposure within an annuity product. This initiative allows investors to add Bitcoin to their portfolios while protecting their principal investment.
Innovative Integration of Digital Assets
The launch of this product marks a significant milestone with the 17th anniversary of Bitcoin and the second year of the IBIT initiative, underscoring the entry of digital assets into traditional retirement products. Colin Lake, President and CEO of Delaware Life Marketing, highlighted the company's commitment to advancing investment opportunities in the annuity sector. Lake stated, “As the retirement-planning landscape evolves, we’re continuously and thoughtfully innovating to meet the needs of financial professionals and their clients.”
Speaking on the collaboration, Robert Mitchnick, BlackRock’s Global Head of Digital Assets, emphasized the high interest generated by IBIT. He noted that the new index "offers a measured approach, allowing policyholders to participate in digital assets while maintaining the downside protection they expect from annuity products."
Product Availability and Offerings
The BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index is available in three of Delaware Life's product lines: Momentum Growth™, Momentum Growth Plus™, and DualTrack Income™. Delaware Life provides detailed information on these offerings on their website, catering to the discerning needs of financial professionals and their clients.
About Delaware Life Insurance Company
Delaware Life Insurance Company specializes in life insurance and annuity products, offering financial professionals customizable solutions tailored to individual client needs. As part of Group 1001, Delaware Life stands out in the industry with its client-focused approach.
About Group 1001
Group 1001 provides insurance and annuity products under various brands, including Delaware Life and others. With a comprehensive asset management portfolio and significant industry presence, Group 1001 empowers its companies to achieve positive growth.
About BlackRock
As a global leader in financial technology and investor services, BlackRock is dedicated to enhancing financial well-being. It provides innovative tools and strategies for investment, underscoring BlackRock's commitment to making investing more accessible.
The iShares Bitcoin Trust ETF, a related entity of BlackRock, involves high-risk investments that may not be suitable for all investors. Detailed information can be found in its current prospectus, which should be reviewed carefully.
For further details, see the original announcement on Business Wire.
For inquiries, contact:
Amanda Vela
Group 1001 Social Media Manager
amanda.vela@group1001.com
317-374-3180