X-Message-Number: 24008
From: 
Date: Wed, 28 Apr 2004 09:52:03 EDT
Subject: Securing cryonics funding through STRUCTURE

In a message dated 4/28/2004 5:00:29 AM Eastern Daylight Time, 
 writes:
Ben Best wrote:


   Additionally, it was the choice of the CI Member to make his 
cousin both the person responsible for his cryopreservation and
the person who would most benefit (his primary heir) from a 
failure to cryopreserve. The explicit directions of the Member 
were that if he was not cryopreserved, the money would go to
his cousin. Those were his written wishes. 

    We can revise our paperwork somewhat, but the main effort
should be toward directing cryonicists not to be so naive or 
make themselves so vulnerable. Leave cryopreservation money
to the cryonics organization even if there is no cryopreservation.
Ensure that the person responsible for your remains is someone
you trust -- relative or not. Appoint a Power of Attorney for Health
Care who is a cryonicist or a friend who supports cryonics. Perhaps
even cover your body with colorful tatoos that give the phone 
number of your cryonics organization to be called in emergency
(as Bobby June has done).  A cryonicists retirement community
such as David Pizer has been wanting to build for years (and will
apparently soon succeed in creating) is also an excellent idea. 
Dear Cryoneters:

As one of my brilliant mentors once said, "Life is about STRUCTURE."

And it is not that HARD to structure secure funding for your cryonic 
suspension, using the unique CREDITOR PROTECTION and IMMEDIATE CASH of a life 
insurance policy.

Life insurance proceeds go DIRECTLY to the specified beneficiary.  They do 
NOT go through probate.  They do NOT go to creditors of the beneficiary.  They 
do NOT go to relatives, family, or friends who may feel they have a right to 
the money.  

Equally important, the cash is "magically" created from the life insurance 
proceeds.  And does NOT reduce the amount going to the heirs.  

So, even more important than the fact that life insurance is in virtually all 
circumstances by far the most COST EFFECTIVE way to fund your suspension, it 
also reduces the chance for a tragedy and travesty like the recent CI 
non-suspension. 

Sorry to sound so didactic and positive.  But I feel passionately that 

cryonicists especially should understand and use basic estate planning laws.  As
well as the tremendous financial leverage only life insurance provides.  

You have ONE chance to get this one right.  Please don't be the next 
"cautionary tale" on cryonet.  Your paperwork, beneficiaries, and contingent 

beneficiaries MUST be set up right, or you will cause tremendous grief for your

survivors and risk not being suspended.  Please don't screw this up!  We don't 
need 
MORE bad publicity, we need GOOD publicity.

Clients and prospects and sincere cryonicists are welcome to have an analysis 
of their insurance and estate planning by me at no cost or obligation.  You 
may email me or leave a message on my voice mail at 800-749-3773.

Thanks, Yours for Centuries,

Rudi Hoffman CFP CLU
Certified Financial Planner
Chartered Life Underwriter
Alcor Member since 1994


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