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Delaware Life Introduces Cryptocurrency Index in Annuities

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Delaware Life Insurance Company, part of Group 1001, has introduced the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index into its fixed index annuity offerings. This pioneering move places Delaware Life as the first insurance provider to incorporate a cryptocurrency-based index within its products, thus enhancing investment diversification options while maintaining the principal's security. This strategic step aligns with evolving regulatory compliance requirements, ensuring both innovation and security in the insurance industry.

Colin Lake, President & CEO of Delaware Life Marketing, emphasized the company's dedication to advancing the retirement planning market through its collaboration with BlackRock. Regulatory compliance and risk management are at the forefront as this partnership delivers a blend of growth potential and asset protection, offering financial professionals and their clients innovative investment strategies. The initiative reflects a commitment to integrating digital assets while addressing industry standards and regulatory compliance.

Key Features of the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index

Key features include:

  • Diversified Growth Potential: The index combines U.S. equities and Bitcoin to optimize return prospects and diversify risk management strategies.
  • Managed Volatility: A 12% volatility target is maintained through dynamic cash adjustments to address the volatility typical of Bitcoin.
  • Streamlined Crypto Access: Cryptocurrency exposure is efficiently managed via the iShares Bitcoin Trust ETF (IBIT), noted for its liquidity among Bitcoin exchange-traded products.

This development coincides with significant milestones in the cryptocurrency world, demonstrating progress in the integration of digital assets with traditional retirement instruments. Robert Mitchnick, Global Head of Digital Assets at BlackRock, discussed the strategic approach of the new index, which balances digital asset participation with the protective benefits typical of annuity products. Financial professionals operating within industry regulations can leverage this index through Delaware Life’s products like Momentum GrowthTM, Momentum Growth PlusTM, and DualTrack IncomeTM. Further information is accessible on their website.

(Source: Delaware Life Insurance Company)