X-Message-Number: 13936 From: Date: Tue, 13 Jun 2000 15:40:07 EDT Subject: Life insurance through cryonics societies Hello all! I just wanted to clarify my thoughts as to cryonics societies providing life insurance. I'm not saying they should bear the brunt of the insurance themselves, they should simply contract as insurance providers with a big insurance company. This happens all the time in ALL sorts of industries, I'm familiar with some of them in rentals services, and I know that insurance companies, generally speaking, are happy to take some money if the odds are in their favor. ALSO, it would be very nice if the life insurance that people have through their work could be lumped in as part of the sum needed for suspension- further reducing costs to the service purchaser. ie, I sign over my $15,000 life insurance policy, so my cryonics service provider can then sell me $15,000 less insurance for the difference... resulting in lower monthly payments- and more likelihood I will sign up and make my payments. Already I hear someone saying, "oh my god what if you lose your job or need more money for resuscitation more money in the fund is a good idea etc.." Well, this may be true, but I can always buy more insurance if I need it, which should be easy for an insurance carrier to provide quickly, and yes, its good to have extra money- but what about the person who can't afford to sign up now unless they have that option? They suddenly might be able to afford a less expensive cryonics procedure, which could save their life. And, if someone should sign up, pay 1 month, and then need suspension, not through any deviousness or unreported illness, but possibly an unexpected heart attack or the like, there are insurance companies that would insure the cryonics society and their insurance carrier against that too. Again, the key to signups is making it easy, and having cryonics societies able to sign someone up with a single phone call and a monthly payment plan WILL result in more signups, and therefore more stability for the cryonics service orgs. Hope everyone is having a great week! Mike Donahue Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=13936