Delaware Life Insurance Company is adding limited Bitcoin-related exposure to its retirement annuity portfolio through an index developed by BlackRock.
The insurer will offer an index that mixtures US stocks with a small, risk-managed allocation to Bitcoin (BTC). Exposure to Bitcoin comes through BlackRock’s iShares Bitcoin Trust ETF, which means investors don’t hold Bitcoin directly.
The index combines US stocks with managed exposure to BTC and applies volatility controls designed to limit fluctuations to around 12%. Delaware Life said the structure allows policyholders to gain indirect exposure to BTC price movements while still preserving their principal under the terms of the annuity.
The index will be available in three Delaware Life fixed indexed annuity products. Fixed indexed annuities are insurance-based retirement products that protect the initial investment and offer tax-deferred growth, with returns linked to the performance of a benchmark market index rather than outright ownership of assets.
Delaware Life Insurance Company is an American life insurance and annuity company focused on retirement products. Company he said exceeded $40 billion in cumulative annuity sales as of November 2025.
BlackRock, one of the world’s largest asset managers, launched its Bitcoin ETF in January 2024. According to CoinMarketCap datathe fund has a market capitalization of more than $70 billion, making it the largest spot Bitcoin fund.
In December, BlackRock said the ETF ranked among the company’s top three investment themes in 2025.
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Insurance companies are exploring strategies related to Bitcoin
The Delaware Life product is not the only example of insurance companies experimenting with Bitcoin-related structures.
Meanwhile Group, a company that offers bitcoin life insurance, was launched in June 2023 with the backing of investors including Sam Altman and Gradient Ventures. In October 2025, the company raised $82 million in a funding round, which it said would be used to support growing demand for Bitcoin-denominated retirement and savings products.
Tabit, a Barbados-based insurer, has taken a different approach by using Bitcoin to fund its balance sheet instead of offering crypto-linked insurance products. In March, the company raised $40 million in Bitcoin to back traditional U.S. dollar-denominated property and casualty insurance policies, saying its entire regulatory reserve is held in Bitcoin.
In addition to insurance products, US policymakers have moved to expand access to cryptocurrency exposure through other retirement assets.
In August, US President Donald Trump signed an executive order ordering US regulators to expand access to cryptocurrency in 401(k) retirement plans.
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