X-Message-Number: 1950
From: 
Subject: CRYONICS Insurance Fraud
Date: Sat, 13 Mar 93 00:09:14 PST

March 12, 1993
>From Steve Bridge

In reply to Message: #1941 - Insurance Fraud???
      From:   (Christian Roth)

>A question to all the people out there that know more about laws than 
>I do: Suppose I am an Alcor member with a $150000 life insurance 
>policy.  I die, the money goes to Alcor, Alcor freezes me. In say 500 
>years, I get revived. Since I am alive, would it not be possible for 
>the insurance company to sue me? I mean, I cashed a life insurance 
>policy, but I am not dead anymore?
         

     Christian, this is not exactly an overwhelming concern among 
cryonicists.  It has nothing to do with knowing about laws today.  No 
attorney could answer this question because no attorney can tell you 
what ANY law will be in 500 years.  I can give you a guess, though.

     Life insurance companies make money by having the use of your 
money to invest.  If they have guessed right on your mortality, the 
money doesn't leave their hands until they have used it well indeed.  
If you get revived in 500 years, it seems unlikely that the law or the 
insurance company will give a damn about your former insurance policy.  
It certainly would not be fraud; you didn't do this on purpose to 
evade responsibility or to cheat the company.  You didn't pretend to 
be dead.  Legally, you WERE dead.  And right now, we sure can't prove 
any differently.

Steve

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