8 replies to this topic

[CryoDude]

How do the different forms of insurance work once you get old. If you become "uninsurable", but you already have insurance, do your premiums just go up or do they drop you or what?

Trying to think long term here, and what the best funding method is. If I live to 70 or 80 or something, I want to know I will be able to be cryopreserved.

Would it be best to take out a loan, pay the amount now (so it doesn't go up) and then make payments on the loan over time? The rates seem incredibly high for doing something like that, but I don't understand how the insurance rates can be so much lower. (In other words, how are the insurance companies making money if the rates are so low)

Almost 30 and in good health if that matters in the calculations...

Sorry for the questions, a newbie here in cryonics and I want to get it right.

[Live Forever]

Hey there Cryodude, and welcome to the site.

I am not able to answer your questions due to not being that knowledgeable on the funding question, although I know most people fund through life insurance.

I hope that others are able to answer your questions, though, as I have also wondered what types of funding other people use for their cryonics, and why they chose that method.

[Shannon Vyff]

Here--ask him: http://www.rudihoffman.com/

He is a CI member and an Alcor member, he has signed up more insurance policies to fund cryonics suspensions for people, than anyone else. It is good that you are young, you can get a better rate. Ask Rudy about your options, I do like insurance that does not end (non term).

[Shannon Vyff]

Here is an ImmInst thread talking about insurance and funding: http://www.imminst.o...nies-t3417.html


This is an important topic about end of life insurance, especially in the U.S. one should look into getting this-- many lose their savings, or even have to cash out their life insurance to pay for end of life care such as in-home nursing, or a nursing home (you can get put in these and have your savings legally tapped by the government to pay for it):

http://www.imminst.o...sts-t14980.html

[Live Forever]

Yeah, Rudi is a good one to contact about insurance options. He spoke at the ImmInst conference, and is a cryonics member himself.

[Richard Leis]

Rudi helped me with my policy. He was very efficient and quick to deal with issues. Great guy.

[CryoDude]

Thank you for the help guys, I may try to contact Rudi.

Does anyone know approximately how much it costs per month for insurance? Does it go up with age, or does it stay the same? (just ballpark numbers; I realize no one would know exactly)

[eternaltraveler]

if you're 30 in good health I would guess around 70 dollars a month, and it would not go up as you age.

Make sure you do not get term insurance (term insurance expires, likely around the time you might need it)

[Richard Leis]

Thank you for the help guys, I may try to contact Rudi.

Does anyone know approximately how much it costs per month for insurance? Does it go up with age, or does it stay the same? (just ballpark numbers; I realize no one would know exactly)

A policy depends on your age and health, but you pay the same monthly rate for the term of the insurance. For example, I'm 34 and paying US$22.00 for a 20-year, US$250,000 policy. I can extend the policy before it expires, and the new rate will depend on my health and age at that time. I chose 20 years because re-evaluating my options, budget, and technology trends in my early 50s seems reasonable. Added to my monthly Alcor payment, my total cryonics expenses per month are US$66.00, which seems reasonable for well-rounded health care and an alternative to the grave or the urn.