X-Message-Number: 1528
Subject: CRYONICS Irrevocable beneficiary
Date: Fri, 01 Jan 93 14:37:16 EST
From: 


Alcor requires that Alcor is the irrevocable beneficiary of any life
insurance that is used to pay for a suspension contract.

I suspect the purpose of this is to protect against the following
scenario: as the potential suspendee gets older, he is eventually
declared mentally incompetent, and the guardian appointed by the
courts decides to cancel the suspension contract.  If Alcor is the
irrevocable beneficiary, then they can refuse any change of
beneficiary request, and in practice they will only accept changes
that come from the person who signed the contract while he is still
mentally competent.  The net result is to prevent the agreement from
falling apart when challenged by one of the possible consequences of
ageing, specifically mental incompetence.

Am I right here?  If not, what is the purpose?

At one time one could get a written promise that a change of
beneficiary would be permitted under certain circumstances.  Is there
any reason not to get this?  What are the circumstances?  Will this
practice continue after the change in presidents at Alcor?

Tim Freeman <>    CompuServe ID 71045,2267 checked occasionally.
When they took the fourth amendment, I was silent because I don't deal drugs.
When they took the sixth amendment, I kept quiet because I know I'm innocent.
When they took the second amendment, I said nothing because I don't own a gun.
Now they've come for the first amendment, and I can't say anything at all.

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