Bitcoin Magazine How Sam Altman-Backed Meanwhile Is Disrupting the $20T Life Insurance Industry
Danny Baer, Head of Revenue & Investments at Meanwhile, explains how his Bermuda-based company built the world’s first fully licensed life insurance carrier that runs entirely on Bitcoin, holding its regulatory capital in Bitcoin and paying out policies in Bitcoin. He breaks down why traditional insurers can’t compete with this model, why backers like Apollo, Bain Capital Crypto, Northwestern Mutual and Sam Altman joined the cap table, and how a policy works: pay 10 bitcoin in premium and your family could receive 15 or 20 bitcoin, tax-free. He also explains how a Bitcoin-denominated yield of about 2% compounds inside the policy, and why life insurers’ decades-long horizon makes them a source of permanent capital for the Bitcoin economy.
Source: Bitcoin Magazine
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