X-Message-Number: 1209 Date: Sat, 19 Sep 92 22:46:58 CDT From: Brian Wowk <> Subject: CRYONICS: Self-insurance Carlos Mondragon: > Keeping in mind that we can't (legally) institute any fees which are > based on actuarial considerations, the problem is rather sticky. I've > heard several interesting suggestions, but they all had one or another > fatal flaw. From time to time I've heard it suggested that Alcor become self-insuring. In other words, instead of life insurance companies selling policies to cover cryonic suspension, Alcor could collect premiums from members and itself insure cryonic suspension. I realize this would put Alcor in the insurance business, and all sorts of regulatory requirements would have to be fulfilled. New staff would have to be hired, and/or expensive consultants retained. On the other hand, it seems to me that a lot money could be made this way. Considering the extent to which most Alcor members are preoccuppied with staying alive, they should be (actuarially speaking) a better risk than the public at large. A life insurance company selling policies at standard rates to Alcor members is probably doing quite well for itself. Why shouldn't Alcor be that company? Could someone out there offer any comment on the costs and risks involved in this proposal? If we are not yet big enough, how much bigger would we have to be for self-insurance to become practical? --- Brian Wowk Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=1209