X-Message-Number: 17132
From: 
Date: Fri, 27 Jul 2001 22:07:17 EDT
Subject: Another Payment Option

Wherever possible without sacrificing prudence, the Cryonics Institute tries 
very hard to be flexible and to make available to its members all reasonable 
options in every area of operation.

Paying the suspension fee may be a particular challenge for some people. Life 
insurance is the most common method, but is not available or not suitable for 
everyone. Other possibilities have included cash prepayment, use of a 
Pay-on-Death or Transfer-on-Death account at a bank or brokerage, and our 
approved form of Revocable Living Trust with various kinds of assets. 
Sometimes even real estate or a bequest can be used, although there are 
special conditions on these and they must be individually negotiated. Now our 
lawyers have approved another option-assignment of mutual funds by a third 
party.

Suppose for example that someone wants to provide funding for an aged parent, 
using assets in a mutual fund. He wants to do this in a way that guarantees 
payment to CI, but still does not destroy the investment plan meanwhile.  He 
uses this agreement to assign the ownership to CI, but retaining certain 
rights, including the right to have ownership transferred back to him on 
request. For the details of the agreement, please see the text in our Legal 
Documents section on our web site. 

Robert Ettinger
Cryonics Institute
Immortalist Society
http://www.cryonics.org

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