Meanwhile

Policy premiums, the accumulated value, and the death benefit are all denominated and settled in bitcoin rather than dollars. Meanwhile invests the premium pool for bitcoin-denominated returns inside its Bermuda-regulated insurance entity, so the payout to beneficiaries is a fixed amount of bitcoin specified in the contract, regardless of when the claim occurs.

U.S. insurance regulation at the state level generally requires policies to be denominated in U.S. dollars and limits crypto exposure within general account assets. Bermuda’s Monetary Authority provides a regulatory framework that permits bitcoin as the unit of account for life policies, giving Meanwhile the legal architecture to issue a bitcoin-native product.

Yes. After two years, a policyholder can borrow bitcoin against the policy’s value. The loaned bitcoin receives a stepped-up cost basis equal to its fair market value at the time of the loan, which means the borrower can sell the newly acquired bitcoin immediately with little or no taxable gain—a mechanism designed to extract liquidity without triggering capital gains on older holdings.

The policy specifies a fixed number of bitcoin as the death benefit, not a dollar-equivalent amount. If the policy remains in force, the beneficiary receives that exact number of bitcoin regardless of the bitcoin price at the time of the claim, insulating the legacy plan from short-term volatility.

Meanwhile is a regulated life insurance company, not a family office or asset manager. It collects premiums from policyholders and invests those funds on its own balance sheet. It does not operate as an open-ended fund or raise discretionary outside capital beyond the insurance contracts it issues.