Bitcoin Life Insurer Meanwhile Raises $37.5M as Wealthy Families Look to Pass On Their BTC

{"heading_1":"Overview of Meanwhile's Bitcoin Life Insurance","subheading_1":"BTC Life 1-Pay","content_1":"BTC Life 1-Pay is a single-premium whole life policy that allows clients to pay one premium in Bitcoin and receive a guaranteed death benefit in Bitcoin for life. The policy's value grows in Bitcoin, and after the first year, the owner can borrow up to 90% of it, with no repayment schedule and no margin calls.","subheading_2":"BTC 10-Pay","content_2":"BTC 10-Pay is designed for US taxpayers and allows clients to pay premiums in US dollars and receive a death benefit in Bitcoin. The policy's value grows in Bitcoin, and after the first year, the owner can borrow up to 90% of it, with no repayment schedule and no margin calls.","subheading_3":"Regulatory and Institutional Support","content_3":"Meanwhile's operating entity, Meanwhile Insurance Bitcoin (Bermuda) Limited, holds the first Class IILT license granted by the Bermuda Monetary Authority. The insurer's balance sheet, reserves, and audited financial statements are all denominated in Bitcoin. Policyholder Bitcoin is held with regulated institutional custodians."}