X-Message-Number: 12725
Date: Fri, 05 Nov 1999 14:59:31 -0800
From: Bryan <>
Subject: Taking Your Money With You

Concerning having your money after cryonic reanimation...

I was wondering why cryonic service providers (such as Alcor and CI)
can't do more to assist us in this. For instance, if you had a $300,000
LI policy, $50,000 could go for the costs of neurosuspension. While the
remaining $250,000 could also be collected by Alcor, and Alcor could put
it in a separate bank/brokerage account. The account would be in Alcor's
name. They would technically have full rights/ownership to the money.
But they could make a good faith and/or contractual promise to use the
money for the individual's reanimation costs and provide spending money
for the individual's 2nd life cycle.

It is my understanding that most cryonics providers already do something
very similar to cover the costs of suspension itself. Although most
people use life insurance to fund their suspension, some people simply
pay cash upfront, and then have that money set aside in a segregated
bank account (owned by the cryonics provider) which earns interest and
grows with time. If the person ever opts out of cryonics for some
reason, the cryonics provider promises to pay this money back to the
individual.

You wouldn't need any complicated offshore trusts or foundations to do
this since the money would be owned by a living, continual organization.

For asset protection reasons (i.e. lawsuits), it might be best for the
provider to form a separate legal entity to actually own the accounts.
But this would be easy to do.

Am I overlooking something? Any thoughts? Hopefully this will spur some
thought! =)

Bryan

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