X-Message-Number: 20416
Date: Fri, 8 Nov 2002 09:27:40 EST
Subject: funding, retaining income

Content-Type: text/plain; charset="US-ASCII"
Content-Transfer-Encoding: 7bit

In response to the note below:

There have always been funding methods available that allow the member to 
retain the income, and control, during his lifetime, and we have often 
mentioned these. The simplest is a TOD (transfer on death) or POD (pay on 
death) account at a bank or brokerage or mutual fund. Another is through use 
of our Revocable Living Trust, which is available on request (for the 
member's lawyer to check).

(Incidentally, I wouldn't believe that "7 % to 12%" without some careful 
research on the nature and quality of the guarantees.)

Robert Ettinger
Cryonics Institute
Immortalist Society

> I make an annual contribution to Memorial Sloan- Kittering Cancer Center.  
> By doing so, I have become aware of a means of making a donation called a 
> Gift Annuity.  The idea behind the gift annuity is to make a large lump sum 
> donation to which you retain the rights to a 7% to 12% return on the 
> donated money, until you die.  Upon your death, all of the money remains 
> with the organization to which your gift was made.
> I am curious as to whether or not cryonic suspensions could be funded in 
> such a way.  One of the main reasons that I have not signed up for cryonic 
> suspension yet is that I need the return on my savings for living expenses. 
>  Were it possible to pay for suspension in a way similar to the gift 
> annuity I would sign up tomorrow.  Any thoughts?
> Mark Buddle


 Content-Type: text/html; charset="US-ASCII"


Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=20416