X-Message-Number: 5216 From: (Brian Wowk) Newsgroups: sci.cryonics Subject: Re: So do insurance cos really pay up when cryopatients die? Date: 17 Nov 95 19:00:34 GMT Message-ID: <> References: <48gpdq$> In <48gpdq$> Randy <> writes: > What I want to know is, what percentage of people who arrange for >cryoperservation and pay by insurance policy actually have the insurance >co pay up when they die? 100% Although some insurance companies decline to *sell* policies for the purpose of cryonics, I am not aware of any that have ever refused payout soley because a cryonics company was the beneficiary. Think about it. If a company signs on the bottom line approving the beneficiary of your policy when you buy it, they would be in breach of contract if they refused to payout later. There has been some speculation that once the legal and medical environment of cryonics changes (as it inevitably will) so that cryonics patients are no longer considered legally dead, that life insurance companies will no longer finance cryonics. In fact the exact opposite will happen. Life insurance companies (competing with health insurance companies) will trip over each other for this business. Why not? The profit potential (actuarial statistics, etc.) will be exactly the same as for conventional life insurance, and cryonics insurance is a whole new market. Think of how large and important the life insurance industry has become. Now imagine the size of that industry DOUBLING. That's what cryonics will do for life insurance, and that's why (most) life insurance companies love us. Brian Wowk President, CryoCare Foundation Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=5216