X-Message-Number: 20432
Date: Tue, 12 Nov 2002 05:04:59 -0800
From: James Swayze <>
Subject: Re: investment and funding options, a question
References: <>

CryoNet wrote:

> CryoNet - Tue 12 Nov 2002
>     #20431: Re: Cryonics funding methods [John de Rivaz]
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> Message #20431
> From: "John de Rivaz" <>
> References: <>
> Subject: Re: Cryonics funding methods
> Date: Mon, 11 Nov 2002 17:21:16 -0000
> > So, in order to net our $1000 per year, we need to gross before taxes
> $1200.
> > At our 3% assumed guaranteed rate, we will need a lump sum of $40,000
> (divide
> > the 1200 by the interest rate of 3%, $1200 divided by .03 is $40,000.)
> Thanks Rudi, that's about what I would have expected.
> So in 1990 someone could have bought approx $100k of insurance and paid for
> it by savings income from $40k. Instead he could have used the $40k to have
> bought stock exchange investments which even after the boom and bust would
> still be worth nearer $200k.

John and Rudi,

I have a legal question regarding this subject, although in my financial
situation it amounts merely to intellectual curiosity. If the lump sum invested
with the investment financial institution were legally willed to the cryonics
organization, or better yet was actually owned by that organization via
prepayment and the interest upon special agreement reverted back to the
originator, how could creditors and family have a chance at grabbing said lump
sum? Would their be any legal problems setting this up?

Reinvesting the 1k per year via compound interest would in 40 years far outstrip

the original lump sum. This then could be available for reimbursing the original
lump sum and/or being available to creditors and family and thereby possibly
assuage their grabbing.

Personally I think it would be wise to anyone wishing to and capable of do
something like this to also have life insurance. The old eggs in more than one
basket proverb applies here. Someone with a condition that precludes getting

life insurance even early in life and throughout the rest of their life, such as
the case with my stepfather that had his first heart attack at age 25 but still

at age 64 manages to remain alive, might have this or something similar as their
only viable option for funding suspension if they started early while young.

Cryonics Institute of Michigan Member!
The Immortalist Society Member!
The Society for Venturism Member!

MY WEBSITE: http://www.geocities.com/~davidpascal/swayze/ While there follow the
links to photos of me and some of my artwork and a radio interview on Dr.  J's
ChangeSurfer Radio program with me and the father of cryonics Prof.  Robert
Ettinger, author of "The Prospect of Immortality".
A RELIGION I actually recommend: http://www.venturist.org
A FAVORITE quote: Last lines of the first Star Trek the Next Generation movie.
Capt.  Picard: "What we leave behind is not as important as how we've lived,
after all Number One, we're only mortal."
Will Ryker: "Speak for yourself captain, I intend to live forever!"

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