Delaware Life launches first U.S. fixed index annuity offering Bitcoin exposure

January 23, 2026

Delaware Life Insurance Company has become the first U.S. insurer to offer Bitcoin exposure through a fixed indexed annuity (FIA), marking a notable step in bringing digital assets into traditional retirement planning products. The company has added the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its FIA portfolio, enabling policyholders to gain indirect exposure to Bitcoin alongside U.S. equities while preserving the principal protection typical of annuities.

The new index blends exposure to the iShares Core S&P 500 ETF with 25% exposure to the iShares Bitcoin Trust ETF (IBIT), BlackRock’s large and liquid spot Bitcoin exchange-traded product, and a small cash allocation, with a risk-managed design targeting around 12% volatility to moderate the impact of Bitcoin’s price swings.

Unlike direct cryptocurrency ownership, the annuity’s structure uses the index as a benchmark, meaning policyholders do not directly hold Bitcoin or a Bitcoin ETF but participate in performance results tied to both traditional equities and Bitcoin via the index. This approach allows retirement savers to access digital asset exposure without navigating the complexities and custody challenges of holding cryptocurrency themselves, while still benefiting from the downside protection features common to fixed indexed annuities.

Delaware Life launches first U.S. fixed index annuity

The BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index is available as an option across three Delaware Life products, Momentum Growth™, Momentum Growth Plus™, and DualTrack Income™, giving advisors and clients flexibility in how they incorporate the Bitcoin-linked index into long-term planning.

Delaware Life’s partnership with BlackRock reflects growing institutional interest in integrating digital assets into mainstream financial products. By bringing Bitcoin exposure into retirement-oriented contracts, the company aims to appeal to investors looking for growth potential tied to both traditional markets and emerging asset classes within a risk-managed retirement product framework.