X-Message-Number: 6665
From: 
Date: Fri, 2 Aug 1996 11:46:36 -0400
Subject: SCI. CRYONICS trust funding

Olaf Henny (CryoNet # 6663) suggests a trust arrangement for funding cryonic
suspension, the trustor to receive the income during his life.

(This comment is posted to SCI. CRYONICS because Mr. Henny's was, although it
doesn't really address "scientific" aspects of cryonics.)

Cryonics Institute for some years has had available an approved form of
living trust, whereby various kinds of assets, including securities, can be
used to guarantee payment of the suspension fee. The  trustor (member and
prospective patient) owns and controls the trust during his life, and
receives any income, and can make  changes or withdrawals at will. At death,
Cryonics Institute becomes the owner. Of course, we require periodic
confirmation that the trust remains adequate and in effect, just as with life
insurance. 

There are also other funding possibilities, for members who cannot obtain new
life insurance or prefer not to. CI is becoming more flexible, since our
financial position is now much stronger than previously; and while we still
cannot take any substantial risks, we make every effort to accomodate to the
member's circumstances.

Anyone who would like a copy of the trust may request it of Sally Bazan:
<>

Robert Ettinger
Cryonics Institute
Immortalist Society


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