Meanwhile, the Bitcoin life insurance project received 40 million in funding from OpenAI’s Sam Altman and Google’s venture capital

Recently, Meanwhile, a life insurance company focusing on Bitcoin payments, announced the completion of a $40 million Series A funding round. Looking into the company's investment background, it was discovered that OpenAI CEO Sam Altman and Google (AlphaBet)'s venture capital firm Gradient Ventures were involved. What makes this company unique, and what are the benefits of using Bitcoin as a transaction medium for life insurance?

Meanwhile

Meanwhile is the world's first life insurance company entirely priced in cryptocurrency ($BTC), and the company states that it has been authorized and regulated by the Bermuda Monetary Authority. They focus on using AI technology to create an efficient, digitalized insurance service process.

The company has completed two seed funding rounds, totaling approximately $59 million. The first round was led by OpenAI CEO Sam Altman and Google's venture capital firm Gradient Ventures. The second round was primarily invested by Framework Ventures. Other investors include Tagomi founder Marc Bhargava, crypto-friendly bank Xapo founder Wences Casares, Muoro Capital, MS&D Insurance Group's venture capital division, and Hudson Structured Capital Management.

Meanwhile's founder, Zachary Townsend, has previously worked at the renowned startup incubator Y Combinator, McKinsey, and even the California state government. He had previously founded a company that was acquired by Silicon Valley Bank, Standard Treasury.

BTC-Priced Insurance for Better Tax Avoidance?

Issuing the world's first whole life insurance product priced in BTC. Using AI technology for policy underwriting, claims, and operations, significantly improving efficiency and reducing labor costs.

Product advantages include:

• Generational Wealth Transfer: Utilize existing tax bases to transfer assets, reducing estate tax burden.
• Policy Value Protection: Provide guaranteed appreciation, death benefits, and surrender value as part of long-term investment allocation.
• Flexible Fund Usage: Allow tax-free, low-interest loans against policy value or tax-free partial withdrawals.

They also plan to launch more $BTC-priced financial products, including:

• Private Credit Funds
• Term Life Insurance
• Accidental Death Coverage

The goal is to establish a global, fully digitalized life insurance platform, using BTC as the basis for global value storage and functional currency.