X-Message-Number: 15818
From: 
Date: Wed, 7 Mar 2001 20:25:15 EST
Subject: Thomas Donaldson right about life insurance

In a message dated 03/07/2001 5:01:18 AM Eastern Standard Time, 
 writes:

Hello, Fellow cryonet readers,
Rudi Hoffman here.  Thomas Donaldson message reprinted below is a stark, 
emotional, and powerful example of why one should not delay on obtaining life 
insurance to fund their suspension.  

Even if one has questions, the best thing to do is to get some life insurance 
in place.  The beneficiary can be changed if you change cryonics vendors.  

Coverage can ALWAYS be reduced in face amount.  But it will require evidence 
of insurability to INCREASE the face amount.

This is why I PERSONALLY own 2.3 million (2,300,000) of life insurance on my 
own life.  I wanted to guarantee a locked in rate that provides options in 
the future.

Donaldson quote follows.  Thanks, Thomas!

<< 
 Do not be put off by the possibility that when you awaken you will lack
 many needed skills. Given anything close to immortality, the first 
 thing you do is to acquire those skills (hopefully with much more
 advanced educational technology, but if you acquire them just by
 studying and attending labs, just like now, you'll still acquire them).
 
 You don't think you're ability to learn will be sustained? That's one
 of the basic traits we want to keep, after our revival, and a revival
 which doesn't allow that won't happen... except in unlikely events.
 
 And one other material point: get some life insurance ASAP. You can
 drop it if you decide you don't want to sign up, but its currently
 the best available means of finance, and if for some reason you 
 become uninsurable then it will be cut off from you... so that you
 will find that you simply can't afford cryonics. You don't have
 to give the insurance to any society, at first, but you should
 either have life insurance, or enough money to pay outright for
 your suspension, or a plan to get enough such money. It is the
 one thing about which you must not delay. (Why do I say this? Because
 I got a brain tumor over 10 years ago, and can afford cryonics 
 because beforehand I got plenty of life insurance... while if I
 had not done so, cryonics would have been almost closed off).
 
        Best wishes and long long life,
 
            Thomas Donaldson
  >>

Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=15818