Key information:
Meanwhile is a registered and licensed life insurance company in Bermuda that denominates the entire company in Bitcoin.
The company currently only has one product, limited pay whole life insurance, which lasts your whole life and pays out to your beneficiaries when you die.
Meanwhile is very upfront about the risks involved in investing in Bitcoin and has implemented a number of controls to mitigate these risks.
The company has been operating since January 2022 and launched its first product in June of this year.
Meanwhile uses Anchorage as a custodian for its Bitcoin reserves, has an Enterprise versus management framework in place, and has a chief risk officer and a number of policies and procedures in place to manage risk.
Additional information:
Meanwhile takes premiums in Bitcoin and pays out all claims in Bitcoin.
The company has an independent board in Bermuda.
The company has already sold a number of policies, but is still in its early stages of operation.
Meanwhile is a well-regulated and risk-conscious company that offers a unique Bitcoin-denominated life insurance product.