X-Message-Number: 2980
From:  (Thomas Donaldson)
Subject: CRYONICS:RE: cryonics #2968
Date: Thu, 11 Aug 1994 20:02:09 -0700 (PDT)



Hi!

The notion of forming a cryonics insurance co has been around for a long time.
So far, the necessary money (remember that the government(s) ask that an
insurance company be VERY well funded so that it can suitably redeem any
policies which fall due) simply hasn't been raised.

The problem with cryonics is that similar financial problems to those of 
insurance companies will automatically arise. 60 year olds are more likely to
die than 20 year olds. Essentially, the cryonics group would be acting as a
life insurance company. Govt regulators would not like that at all... and
for that matter, it would not be in our interest to behave that way, because
of the risk of having to "redeem" a suspension agreement with someone who
dies long before he/she's expected to. Suspension costs money, as you may
have noticed.

In the very long term, what you say will almost certainly happen, one way or
another. In that sense I suspect that almost every cryonicists is in favor of
it. But for now it's just a dream.

			Best and long long life,

				Thomas Donaldson


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