X-Message-Number: 31004
Date: Fri, 29 Aug 2008 08:51:41 -0600
From: "Finance Department" <>
Subject: Protecting Life Insurance Assets

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If you have an insurance policy, whether term or whole, which you are using
or intend to use as funding for cryonics services, you can protect its value
from predators by making the cryonics organization the owner, not just the
beneficiary, of the policy.

If your name stays on it as owner, though, it is a simple fact - you own it,
the cryonics organization doesn't (until your death and they get the money
as beneficiary).  And if it is all or part whole life and has a cash value,
and you own it, you could be required to tap into that cash value as part of
your "paydown" process to be eligible for publically subsidized medical
services. As I understand the story, the latter is something close to what
happened to Marce Johnson's funding.  If you own a policy and then die,
various parties who think you owe them something (including close relatives)
could file suit to try to get some or all of the money.  Then your cryonics
organization would lose out.

I believe I have heard that Alcor requires being the owner of the policy,
and provides an agreement to return ownership if you discontinue their
services.  I don't know about CI, ACS, etc.

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