Bitcoin life insurance project Meanwhile received $40 million in funding from OpenAI's Sam Altman and Google-affiliated venture capital.

Recently, a life insurance company focused on Bitcoin payments announced the completion of a $40 million Series A financing round. Looking into the company's investment background, it is surprising to find that the risk capital firm Gradient Ventures, associated with OpenAI CEO Sam Altman and Google (AlphaBet), is involved. What unique aspects does this company have, and what are the benefits of using Bitcoin as a medium of exchange for life insurance?

Meanwhile

Meanwhile is the world's first life insurance company fully priced in cryptocurrency ($BTC), officially authorized and regulated by the Bermuda Monetary Authority (. It focuses on leveraging AI technology to create efficient, digitalized insurance service processes.

Two rounds of seed financing have been completed, totaling approximately 59 million USD. The first round was co-led by OpenAI CEO Sam Altman and Google's venture capital arm Gradient Ventures. The main investor in the second round was Framework Ventures. Other investors include Tagomi founder Marc Bhargava, cryptocurrency-friendly bank Xapo founder Wences Casares, Muoro Capital, MS&AD Insurance Group's venture capital division, and Hudson Structured Capital Management.

Meanwhile, founder Zachary Townsend has relevant work experience in well-known venture capital incubator Y Combinator, McKinsey, and even the California state government. He previously founded Standard Treasury, a company that was acquired by Silicon Valley Bank.

Can BTC denominated insurance better avoid taxes?

Launch the world's first BTC-denominated whole life insurance ) product. Utilize AI technology for policy underwriting, claims, and operations, significantly improving efficiency and reducing labor costs.

Product advantages include:

Generational Wealth Transfer: Existing tax benchmarks can be used to transfer assets and reduce estate tax burdens.

Policy Value Protection: Provides guaranteed appreciation, death benefits, and surrender value as part of long-term investment allocation.

Flexible use of funds: Allows for the utilization of policy value through tax-free, low-interest loans or tax-free partial withdrawals.

and plan to launch more financial products priced in $BTC, including:

Private Lending Fund

Term Life Insurance

Accidental Death Coverage

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

This article Bitcoin life insurance project Meanwhile received a $40 million investment from OpenAI's Sam Altman and Google-affiliated venture capital, first appearing in Chain News ABMedia.