X-Message-Number: 14618 From: Date: Wed, 4 Oct 2000 23:30:56 EDT Subject: Re: funding cryonic suspension In a message dated 10/03/2000 5:04:37 AM Eastern Daylight Time, writes: Hello, everyone. Rudi Hoffman responding do below post: << Message #14604 From: Date: Mon, 02 Oct 2000 15:52:15 EDT Subject: Funding Question Hello I have recently signed up for cryopreservation and I need to set up funding. I asked the organization for info about funding and they gave me a list of financial planners. These people will no doubt charge me a fee for their services when all I really need are simple answers. For those of you on this list who have funded their cryopreservation with insurance, what kind of policy do you have and from what company? I am relatively young, 29 and healthy so I am thinking whole life rather then term. Whole life allows you to withdraw the cash value of your policy at any time, am I correct? So when the cash value equals the cryonics organization requirement, $40,000, I can cancel the policy and give that money to the cryonics organization. Any info would be helpful. Thanks. >> Hello, "Grimdeath," and thanks for your inquiry. Brief points: 1. I am a Certified Financial Planner, and fully signed up cryonicist. I do not charge cryonics clients for information, opinions, or insurance quotes. (email or call 1-800-749-3773). I would be honored get you quotes emailed, or illustrations overnited without cost or obligation. I have access to hundreds of carriers and do Internet based searches to find the most cost effective carriers that have documented they accept cryonics orgs. as beneficiaries. 2. Yes, "whole life" does build cash values, but you should make sure you have an "interest sensitive" whole life that builds cash at currently competitive rates. These policies can become "paid up" over time, which means you simply stop paying them and they remain in place until they pay the face amount (the "death" benefit). 3. Life insurance is much less expensive at younger ages. It therefore makes sense to obtain your coverage(s) early when you can qualify health wise at preferable rates. It really can become LIFE INSURANCE, not death insurance. 4. Some individuals who are not yet able to afford whole life start with a 20 year term, which guarantees upgradability to whole life without medical qualifications. This is super cheap at younger ages, although the renewal premiums go up dramatically over time. 5. Alternately, "universal life" is an attractive "midrange" option that both builds cash value, can be structured to stay level past age 100, and is super affordable for most solvent citizens. 6. Thanks for your interest. I love reading the interplay of ideas, the clash, passion, and drama of the diverse thinking displayed on this board. We welcome you and all thinking people to the rational, affordable option of being a fully signed and solidly funded cryonicist. I sincerely thank the many friends and solid clients who read and post on this list, who have helped make me the leading writer of cryonic suspension policies in the world. It is my intention to give something back to the cryonics community, which I will announce at my next posting. Rudi Hoffman Certified Financial Planner rudihoffman.com Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=14618