X-Message-Number: 22304 From: "John de Rivaz" <> References: <> Subject: Re: funding Date: Thu, 7 Aug 2003 11:08:48 +0100 > Message #22302 > From: > Date: Wed, 6 Aug 2003 08:19:12 EDT > Subject: Re: [Cryonics Europe] transport cooling <del> > One of the > lessons, again, especially for young people, is that your funding should leave a > good margin for error--$100,000 of life insurance recommended. <del> On Cryonics Europe this raised comment from someone who had insurance set up for less. Another suggestion was made for new policies is to get one that allows the sum assured and the premiums to rise with inflation without further medical evidence. Apparently such policies exist, at least in the UK, such as the Skania Life Protection Policy, and therefore probably in the US. They may be relatively recent, as old advice certainly used to be to think of a number based upon you think the inflation of cryopreservation costs will be when you perish, and insure for that. You could have taken comfort in the fact that the initially high premiums would fall in real terms after inflation as life goes on. But with "real value" as opposed to inflation prone policies the initial premiums are much lower - indeed the problem may arise that you cannot insure for as little as CI's $28k. Yes, the premiums do rise with inflation, but then most people's incomes rise with inflation, and indeed if they work in service industries probably faster. Despite stock market falls post Y2K, investment is still a good idea. Since 1990, for example, it still shows a very good profit, event though it would have been very much bigger if taken at the end of March, 2000. The markets are still way below what they ought to be given the rise of industrial innovation, and therefore direct investment is particularly worthwhile at the present time. August is always a dull month on the markets, and therefore a good time to buy. There has been a slow but steady rise since March this year, and unless this gets too rapid in the autumn could continue. If new people can afford both investment in stocks or mutual funds as well as the purchase of insurance, then that could be even better. -- Sincerely, John de Rivaz: http://John.deRivaz.com for websites including Cryonics Europe, Longevity Report, The Venturists, Porthtowan, Alec Harley Reeves - inventor, Arthur Bowker - potter, de Rivaz genealogy, Nomad .. and more Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=22304