▶Bitcoin MagazineHow Sam Altman-Backed Meanwhile Is Disrupting the $20T Life Insurance IndustryDanny 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. He breaks down why traditional insurers can’t compete with this model, why backers like Apollo, Bain Capital Crypto, Northwestern Mutual and Sam Altman joined the cap table, and how a policy works: pay 10 bitcoin in premium and your family could receive 15 or 20 bitcoin, tax-free. He also explains how a Bitcoin-denominated yield of about 2% compounds inside the policy, and why life insurers’ decades-long horizon makes them a source of permanent capital for the Bitcoin economy. Cash App: For a limited time, new customers can get $21 added to their balance. Just use the code BMTV21 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast. Partnership Enquiries: Let’s find your fit! BMTV offers customized sponsorships tailored to your brand’s goals and target audience. Partner with us: https://bitcoinmagazine.com/bmtvChapters:00:00 Why Families Should Protect Themselves in Bitcoin01:35 Passing Wealth in a More Durable Currency03:12 A Balance Sheet Denominated Entirely in Bitcoin04:40 It Doesn’t Matter If Bitcoin Is $10,000 or $10 Million05:17 Bermuda and the First Bitcoin Life Insurance License08:13 Why Bain, Apollo and Northwestern Mutual Invested10:18 Life Insurance as 3% of a Bitcoin Economy12:06 The Risk-Free Rate of Bitcoin Is Zero13:23 Secured Bitcoin Lending and First-Loss Capital16:50 What Bitcoiners Miss About Life Insurance Capital18:29 A 42-Year Liability and Permanent Capital21:51 Loved Ones Won’t Have to Hunt for a Seed PhraseDISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.This post How Sam Altman-Backed Meanwhile Is Disrupting the $20T Life Insurance Industry first appeared on Bitcoin Magazine and is written by Patrick Green.