Meanwhile raises 37.5 million USD for Bitcoin life insurance

Meanwhile, the first life insurer licensed to operate entirely in Bitcoin, has raised 37.5 million USD in new funding from existing investors. Bain Capital Crypto led the funding round, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. This funding brings Meanwhile's total to over 180 million USD. The company noted a surge in demand for its Bitcoin life insurance policies outside the US, particularly in Asia, Europe, and the Middle East, amid macroeconomic instability. Meanwhile launched BTC Life 1-Pay in early 2026, a single-premium whole life policy for high-net-worth clients outside the US, following its BTC 10-Pay product for US taxpayers. Under BTC Life 1-Pay, clients pay one premium in Bitcoin and receive a guaranteed death benefit in Bitcoin for life, with the policy's value growing in Bitcoin. Clients can borrow up to 90% of the policy's value after the first year. Since launch, Meanwhile has signed 15 brokers serving wealthy families in regions including Singapore, Hong Kong, the UAE, and Switzerland. Meanwhile's net long-term underwriting income has surpassed last year's total and is projected to more than double in 2026. The company's operating entity, Meanwhile Insurance Bitcoin (Bermuda) Limited, holds the first Class IILT license granted by the Bermuda Monetary Authority.

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