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Meanwhile runs life insurance policies in bitcoin, backed by Altman and Apollo
The Bermuda-based carrier holds its regulatory capital in bitcoin and pays claims in bitcoin, its head of revenue said in an interview.
Key takeaways
- Meanwhile is a Bermuda-based life insurance carrier that holds regulatory capital in bitcoin.
- Danny Baer, head of revenue and investments, described policies paid and settled in bitcoin.
- Backers listed by the company include Apollo, Bain Capital Crypto, Northwestern Mutual and Sam Altman.
- Baer said a bitcoin-denominated yield of about 2% compounds inside the policy.
A carrier built around bitcoin
Meanwhile operates as a fully licensed life insurance carrier based in Bermuda and runs entirely on bitcoin, according to Danny Baer, the company's head of revenue and investments. Baer described the model in an interview published by Bitcoin Magazine on 11 November 2026.
The company holds its regulatory capital in bitcoin and pays out policies in bitcoin, Baer said. He said traditional insurers cannot compete with the structure, without giving details of the comparison in the published excerpt.
How a policy is described
Baer gave an example of how a policy works: a customer pays 10 bitcoin in premium, and the family could receive 15 or 20 bitcoin, tax-free. He also said a bitcoin-denominated yield of about 2% compounds inside the policy.
According to Baer, the decades-long horizon of life insurance makes carriers a source of permanent capital for the bitcoin economy.
Who is behind it
Baer named Apollo, Bain Capital Crypto, Northwestern Mutual and Sam Altman among the backers on the company's cap table. The interview did not give the size of any investment or the date the backers joined.
The published material does not state the company's total assets, the number of policies it has written, or how it would meet claims if the bitcoin price fell sharply. Those points were not addressed in the excerpt.
Sources
1 reportThis article was drafted by Clause, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
What does Meanwhile do?
According to its head of revenue and investments, Danny Baer, Meanwhile is a Bermuda-based, fully licensed life insurance carrier that holds its regulatory capital in bitcoin and pays policies in bitcoin.
Who backs Meanwhile?
Baer listed Apollo, Bain Capital Crypto, Northwestern Mutual and Sam Altman among the backers on the company's cap table. The interview did not disclose investment amounts.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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