X-Message-Number: 16465 Date: Thu, 7 Jun 2001 22:15:12 +0100 From: Roy Madden <> Subject: Paying for it Hi there, (I used to be a CPA bear with me). I've been trying to figure out how to pay for this. I'm in my late twenties, so I should have plenty of time, but I'm well aware that I might fall under a bus tomorrow morning. I can afford at the moment only say $100 a month towards the cost - so (excluding investment returns) you're looking at 20 years of savings, say 15 years including returns. Not good. Alternatively, get an insurance policy - 2 problems with this. Firstly being in Europe I won't get one, or there'll be problems with it if I do, and secondly as far as I'm concerned that's (if you'll excuse the phrase) 'dead' money i.e. it is not contributing to the lump sum and will increase my savings timetable. So a germ of an idea was bouncing around in my head. What you need is a group of (for arguments sake) 20 people in roughly the same situation. They contribute the $100 each towards a group fund which goes into an investment account. Within one year they should have nearly enough to pay for one suspension, which is much better than waiting 15 without cover. As a side benefit, it would make proving to CI that the funds are available easier (i.e. if a person is a 'card carrying' member of this group CI should be able to go ahead with suspension knowing the money is available). Now I can see some obvious problems, e.g. members should not have to contribute indefinitely (20 years or $25k?), average life expectancy has to be greater than 15/20 years or the maths doesn't work, you may need continuous new members to compensate for mortality rates, you probably need a funding lump sum up front for contingencies, and I'm sure you lot will see lots more, but I do think there may be a semblance of a good idea trying to get out here? Roy Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=16465