X-Message-Number: 19998 Date: Fri, 6 Sep 2002 05:16:47 -0400 (EDT) From: Charles Platt <> Subject: term/whole life Clay Young has posted a message expressing concern about the risk of a term life policy ending before he dies. Personally I have a whole-life policy that is index-linked; the face value increases in ratio with the cost of living. (Naturally, the premiums increase too.) But this kind of policy will not be cheap for someone in his late 50s. I have a friend who has a term life policy, on the assumption that by the time the term ends, he will have made enough money to "pay cash" for cryonics. This creates a different set of problems (even assuming his optimism is justified), although a cryonics organization might accept funding via a "Payable On Death" account, available at most banks. This circumvents probate, but on the other hand the cryonics organization has no guarantee that the money is still in the account. During the days of CryoCare, I suggested that we could accept PoD accounts if the account holder provided us with sufficient information so that in an emergency, we could call the bank's automated account service and check the balance. Really there is no substitute for paying for cryonics by purchasing life insurance while you are in your 30s. I realize this isn't very helpful for someone in his 50s. Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=19998