Delaware Life Adds Bitcoin Exposure to Fixed Index Annuities

• Delaware Life launched the first fixed index annuity offering regulated Bitcoin exposure through a BlackRock-designed index.

• The index blends U.S. equities and Bitcoin ETFs, targeting 12% volatility while protecting annuity principal.

• Bitcoin-linked index is available across three Delaware Life annuity products through a BlackRock partnership.

Delaware Life Insurance Company announced on Tuesday that it added a Bitcoin-linked index to its fixed index annuity lineup. The move took place in the United States through a partnership with BlackRock. The launch introduces regulated Bitcoin exposure for annuity investors, while protecting principal, using an indexed structure tied to equities and digital assets.

BlackRock Index Enters Fixed Index Annuities

Delaware Life said it added the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its FIA portfolio. According to the company, this marks the first time an insurance carrier has offered cryptocurrency exposure inside a fixed index annuity.

The index blends U.S. equities with Bitcoin exposure through exchange-traded products. Notably, it uses the iShares Core S&P 500 ETF and the iShares Bitcoin Trust ETF. BlackRock designed the index to target 12% volatility using dynamic cash allocations.

Delaware Life stated that the structure allows investors to access Bitcoin performance without owning the asset directly. However, the annuity structure continues to protect contributed principal from market losses.

Product Availability and Design Structure

The index is now available across three Delaware Life products. These include Momentum Growth, Momentum Growth Plus, and DualTrack Income. Each product credits interest based on index performance, subject to caps or participation limits.

According to Delaware Life, fixed index annuities link returns to market benchmarks without exposing principal to downside risk. Therefore, the Bitcoin component operates within defined volatility controls.

The launch aligns with Bitcoin’s 17th anniversary and the second anniversary of IBIT. BlackRock launched IBIT in January 2024. The ETF has accumulated nearly $76 billion in assets, according to company data.

Executive Commentary and Market Context

Colin Lake, President and CEO of Delaware Life Marketing, confirmed the BlackRock partnership in a statement. He said the company aims to expand annuity investment options while preserving capital protection.

BlackRock’s Global Head of Digital Assets, Robert Mitchnick, also commented on the launch. He said the index responds to demand for Bitcoin exposure within traditional financial products.

Delaware Life operates under Group 1001 Insurance Holdings. Group 1001 reported $76.4 billion in combined assets under management. Meanwhile, U.S. spot Bitcoin exchange-traded products posted $1.4 billion in net inflows last week, according to market data.