X-Message-Number: 1714
From:  (Robert D Grahame)
Subject: CRYONICS
Date: Fr, 05 Feb 93 20:06:54  GMT

> Subject : Payment for suspension from outside the US

I am based in the UK, and am currently preparing to sign up with a US
company (Alcor), and wondered how other non-US based people who are signed up
for suspension with a US organisation handle the financing.

My financial advisor and I recently reviewed the various forms of insurance
available to cover the cost of suspension. One thing that he couldn't suggest
was a cost-effective way to ensure that the insured sum would have a
guaranteed value in US dollars.

Derek Ryan at Alcor confirmed that the suspension fee must be in dollars, and
it is, quite reasonably, up to the individual to arrange for currency
conversion.

Given that I'm considering a 30yr term policy, that's a pretty long currency
futures contract, even for an immortalist. :-)

Other than needlessly over-insuring against currency fluctuations, such as
our recent hasty exit from the ERM (thank goodness), have other non-US
suspension members found a good way of avoiding this problem?

I ran some figures through a spreadsheet model, and confirmed it only takes a
small difference in currency growth to make a large difference to the monthly
premium payable to ensure a given Dollar return in, say, 25 years time.

My current favorite option is to go for term cover of around œ50K for 30yrs,
(cost 14.45UKP a month, I'm 33 this year) on the basis that if I'm still too
broke to pay cash in 2022 then I must have had some serious problems with my
lifestyle. Also, if by that time 50KUKP<41KUSD, and we're still dependent on
shipping across the pond for storage, then I suspect that Alcor UK will have
been less than a success, and so suspension here will not be possible. :-(

Would anyone like to share their views with me on this?

Regards,

-- Bob Grahame, Streatham, London. LAN Consultant
-- Voice :- +(44)71 406 7795 : PGP 2.1 Key available

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