X-Message-Number: 13915
From: "John de Rivaz" <>
References: <>
Subject: self-insurance for cryonics orgs
Date: Mon, 12 Jun 2000 12:46:43 +0100

I would suspect that the fees of actuaries would be a big burden on either
the cryonics org or its patient.

The advantages of DIY insurance would be that as cryonicists we are aware
that cryonics will not work without technology advance and therefore we can
profit from this advance by investing in it. Life companies consider it too
risky.

Also life companies take a very big slice of the profits their clients'
investments do make. Front end loading of costs takes a substantial chunk
out of the final result. Also, they inspect their brokers to make 30% on
yearly trading yet they only give their clients 10% or less. It would be
much better for cryonics orgs and/or their patients to get the profit.

If you mush have insurance, but term insurance and build capital by
technology investment.
http://geocities.yahoo.com/longevityrpt/shares.htm
Some people have raised the question of legal adventurers and other bandits
and extortionists getting their hands on your money, and point out that it
is much safer in life policies. But at the end of your life the loss of
investment potential could be measured in millions of dollars. If that is
part of funds earmarked for your cryonics org, then it is really the
cryonics org that is short by this amount.

This objection to life insurance could be removed by making the cryonics org
and the insurer one and the same.

The legal objection suggesting that the cryonics org is providing illegal
life insurance could be removed by having the contract say that any
shortfall in the minimum funding amount is provided by the client's will. Of
course the cryonics org may lose out by not getting it, but then it would
lose out if it was running a real life insurance business and the client
died young.

--
Sincerely, John de Rivaz
my homepage links to Longevity Report, Fractal Report, my singles club for
people in Cornwall, music, Inventors' report, an autobio and various other
projects:       http://geocities.yahoo.com/longevityrpt


| Message #13911
| Date: Mon, 12 Jun 2000 01:12:33 -0700
| From: Kennita Watson <>
| Subject: self-insurance for cryonics orgs
| As for other innovations, I have
| I thought insurance companies could only make money at all because
| there _was_ a large number of people involved.  And why would we
| assess the risks significantly differently than an insurance
| company would?  They have many actuaries with full-time jobs
| assessing risks day in and day out, and setting fees accordingly.
| Do we *have* to reinvent the wheel here?

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