X-Message-Number: 8696
From:  (Dana Mayer)
Date: Sat, 25 Oct 1997 22:57:09 -0700
Subject: Fwd: Re: Cryonics

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Please,  send me the article on cryonic s   and insurance.

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Date: Wed, 22 Oct 1997 22:47:45 -0700
From: Tim Freeman <>
Message-Id: <>
To: 
cc: , 

In-reply-to: <> 
()
Subject: Re: Cryonics

>thanks for your mesage.  I am  interested in signig with  alcor using
>life insurance. Any info on insurances? 
>I live in San Diego.

Brian Shock (Hi Brian!) at Alcor can give you a list of life insurance
agents who have experience dealing with cryonics.

If you can pay bills very reliably, it is probably best to use term
insurance.  It's easy to compare term insurance rates -- tell two
companies about yourself, and how much insurance you want, and compare
the monthly or yearly rates.  Eventually as you get older the
insurance gets more expensive, so you have to save money while you pay
for the insurance and eventually change to funding your cryonics with
the saved money.  The policies generally have a provision that you
don't have to pay the premium if you're disabled; check it out before
you buy.

The agent will want to sell you some variation on whole life or
universal life.  This is because the profit to the agent is much
larger for these.  The profit is larger because it is essentially
impossible to compare two whole life or universal life policies --
they are all too different.  Since comparison is impossible, the
market is inefficient, which benefits the people with experience (the
agents and insurance companies) at the expense of the people without
experience (you and me).  In principle, these policies are better for
people who aren't going to save money because they are eventually
fully paid up.  In practice there are several problems -- the amount
you have to pay to make them fully paid up is often unknown and too
high, and with these policies you lose more if the insurance company
goes bankrupt.

I wrote a longer post about life insurance and cryonics a while back
after dealing with a slimy life insurance agent and buying a used car
(the two experiences have a similar emotional tone).  I suspect it's
available at www.cryonet.org somewhere.
-- 
Tim Freeman       
            http://www.infoscreen.com/resume.html
Web-centered Java and Perl programming in Silicon Valley or offsite

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