How Sam Altman-Backed Meanwhile Is Disrupting the $20T Life Insurance Industry
By Patrick Green
AI summary of the source article
Bermuda-based life insurer Meanwhile operates entirely on Bitcoin, holding regulatory capital and paying claims in the cryptocurrency. Backed by Sam Altman, Apollo, Bain Capital Crypto, and Northwestern Mutual, its policies feature a compounding Bitcoin-denominated yield of around 2%.
Why it matters
life insurers’ decades-long horizon makes them a source of permanent capital for the Bitcoin economy
Key facts
- Meanwhile is a Bermuda-based licensed life insurance carrier that holds regulatory capital and pays out policies entirely in Bitcoin.
- The company's investors include Sam Altman, Apollo, Bain Capital Crypto, and Northwestern Mutual.
- Policies feature an internal compounding Bitcoin-denominated yield of approximately 2%.
Source excerpt · Bitcoin Magazine
▶ 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. This post How Sam Altman-Backed Mean…