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

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