X-Message-Number: 1218 Subject: CRYONICS - Life Insurance for the Terminally Ill From: (Edgar W. Swank) Date: Tue, 22 Sep 92 12:04:31 PDT In msg 1208, Thomas Donaldson asks: "This is a question to Ralph Merkle re his comment that people who are terminal can get life insurance. I would be very interested indeed to know where to go for that purpose..." I just talked to Jim Yount, the ACS insurance expert, about this. He mentioned two possibilities. 1)Guaranteed Issue insurance: Anyone can get this insurance, but it only refunds your premium + interest if you die in the first two years. 2)Annuity or Single-Premium insurance. Single-premium whole life is where you pay a single (large) premium and you buy a paid-up life insurance policy. The premium is calculated as a percentage of the face value or death benefit. At the limit, the premium will approach the death benefit the older you are and the poorer your health. In the limit case, you're just giving the insurance company your money to hold for a short time. But unlike term insurance, if you survive you still have a paid-up policy. Like other whole life policies, single-premium has a cash value which starts out at (nearly) equal to the cash paid in and which accumulates tax-deferred dividends based on the insurance company investments which are usually significantly higher than insured bank deposit interest rates. Like other insurance, it's free from probate, can be made somewhat judgement proof, etc. Jim Yount is an insurance agent, and something of an expert on cryonics insurance. I bought some Jackson National single-premium insurance from him a few years ago. I suggest you contact him either at the ACS office (408)734-4200 or his home (408)996-8710. -- (Edgar W. Swank) SPECTROX SYSTEMS +1.408.252.1005 Silicon Valley, Ca Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=1218