Can you purchase an Annuity using Bitcoins?
So is it possible to purchase and fund an annuity using Bitcoins? At least here in America, the answer is a big "No". Insurance carriers who issue annuities are conservative in general, so we would be shocked if any of them started accepting bitcoins anytime in the near future.
However, if bitcoins truly to catch on where all major Fortune 500 companies are accepting bitcoins as legal tender to buy their goods and services, you could expect the insurance carriers to follow suit.
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Another thing slowing down the insurance carriers from accepting bitcoins (or any other kinds of currency for that matter) are the strict rules on money laundering and foreign investments that the financial services industry as a whole must adhere to.
For instance, annuities can't be funded with hard cash, the owner must be an American citizen with a Social Security number or Tax ID, they must have a US address, and many other protective measures.
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