Bitcoin Life launches regulated Bitcoin insurance bonds in the UK

Bitcoin Life, operating as Perpetual21 Limited, secured a full regulatory license in Guernsey on September 17 to function as an international long-term life insurance company. The company immediately launched what it describes as a Bitcoin-denominated whole-of-life insurance bond, a product designed to let long-term holders park their Bitcoin inside a regulated insurance wrapper with built-in estate planning features. How the product works A client pays a single premium, either in Bitcoin or fiat currency, and the entire policy value is then held in Bitcoin under institutional custody. The “whole-of-life” designation means this isn’t term insurance that expires after 20 years. It’s designed to last as long as the policyholder does, and then transfer directly to named beneficiaries upon death. That direct beneficiary transfer is the key selling point: it sidesteps the messy probate processes that can leave crypto holdings in limbo when someone dies without clear instructions for their private keys. Founder Peter Lane has described the product as a “forever home” for Bitcoin, positioning the bond as a long-term wealth preservation tool denominated in Bitcoin. Insurance bonds in juris...