Aspida Life Insurance Company and Market Synergy Group launched the Synergy Choice™ Fixed Index Annuity (FIA). This new product provides investors with indirect exposure to bitcoin.
The annuity utilizes the BlackRock U.S. Equity Bitcoin Balanced Risk 10% Index. This index gains its market exposure through the iShares Bitcoin Trust (IBIT).
Clients can access the digital asset class within a principal-protected framework. The index pairs bitcoin’s growth potential with equity exposure and built-in risk management.
BlackRock Head of Digital Assets Robert Mitchnick stated the design aligns with retirement-focused outcomes. This development marks a deeper integration of crypto assets into traditional insurance and retirement products.