Meanwhile Lowers Minimum Premium for Bitcoin-Denominated Life Insurance Policy
Meanwhile Inc., the world's first fully Bitcoin-denominated life insurance provider, has adjusted its flagship Ten-Pay Whole Life policy to lower the minimum premium from 1.0 BTC to 0.25 BTC. This adjustment aligns with Bitcoin’s significant price increase from approximately $30,000 at Meanwhile’s 2023 launch to over $100,000 currently, reflecting growing institutional adoption and market demand.
The policy structure remains a limited-pay whole life policy with lifetime coverage, maintaining all premiums, policy values, and benefits in Bitcoin. This change supports Meanwhile's strategy to adapt product entry points to Bitcoin’s market valuation while preserving underwriting standards and guarantees. Meanwhile aims to serve a growing base of Bitcoin holders in the U.S., Canada, and globally, aligning its products with the maturation of Bitcoin as a mainstream asset. Meanwhile Inc. is regulated by the Bermuda Monetary Authority and combines traditional life insurance frameworks with Bitcoin currency, offering clients wealth preservation, liquidity, and tax benefits.
The company's long-term vision targets providing insurance to one billion Bitcoin holders worldwide, reflecting a niche market integration of cryptocurrency and insurance.