Meanwhile provides life insurance policies denominated entirely in Bitcoin for wealth preservation and efficient inheritance planning. The company invests premiums for Bitcoin returns, allowing beneficiaries to receive a guaranteed death benefit in BTC. Policyholders can also borrow against their policy's value in Bitcoin with favorable cost basis adjustments.
Funding
$20M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
LGSAFounders
Product
Problem
Traditional whole life insurance policies are denominated in fiat currencies, which can be subject to inflation and currency devaluation, potentially eroding the long-term value of the policy. Policyholders seeking exposure to Bitcoin's potential upside lack a way to integrate this asset into their life insurance and estate planning strategies.
Solution
Meanwhile offers whole life insurance policies denominated in Bitcoin, providing a way for Bitcoin holders to leverage their assets for tax-advantaged savings and fixed death benefits. The policies allow individuals to secure their family's financial future while potentially mitigating estate tax burdens associated with increasing Bitcoin valuations. Policyholders can also borrow Bitcoin against the policy, providing liquidity without selling their holdings.
Target Audience
The primary target audience is Bitcoin holders seeking to integrate their digital assets into their long-term financial planning, including life insurance and estate planning.
Features
- Whole life insurance policies denominated in Bitcoin
- Fixed death benefit paid out regardless of when death occurs
- Tax-advantaged savings with tax-free compounding
- Option to borrow Bitcoin against the policy
- Death benefit scales with Bitcoin holdings to help cover estate taxes