According to CoinMeta, Wu said that Bitcoin Life founder and executive director Peter Lane stated that Bitcoin Life has obtained a full regulatory license from the Financial Services Commission of the British Overseas Territory of Guernsey (GFSC) as an international life insurance company. They have launched a lifetime Bitcoin insurance bond aimed at long-term Bitcoin holders, which is designed to enable the long-term holding and intergenerational inheritance of Bitcoin through a life insurance structure. This product is supported by institutions including BitGo Europe GmbH, BWCI Group, Polo Insurance Managers (Poloworks), and Carey Olsen.