X-Message-Number: 637.1 From: Kevin Q. Brown Subject: Insurable Interest Form Date: 6 Feb 1992 December , 1986 Dear Gentlemen: My beneficiary designation on policy #____________ is as follows: 100% of proceeds to ALCOR Life Extension Foundation, Inc. In an effort to make sure the proceeds will in fact be distributed this way, I would like to ask the Midland Mutual Insurance Company (MMIC) to agree to the following. A) MMIC agrees that a cryonics organization is an acceptable beneficiary of a life insurance policy, with "cryonics organization" hereby defined to mean association or corporation (whether profit- making or nonprofit) with the function of freezing a human body upon clinical death, in the hope and expectation that the future progress of medical science will make possible the eventual curing of the fatal ailment, as well as resuscitation and revival. B) MMIC hereby recognizes that such a cryonics organization has an "insurable interest" in the life of a policyholder. C) MMIC consequently waives the right to contest payment of the death-benefit of such a policy on the ground of "no insurable interest". D) MMIC similarly waives the right to contest payment of the death- benefit of such a policy on the ground of the "unorthodox" nature of either the beneficiary, the beneficiary/policyholder relationship, or both. E) MMIC furthermore waives the right to contest payment of the death benefit of such a policy on the ground that either cryonics generally or the beneficiary/policyholder relationship in particular is "not recognized in existing law or practice". F) MMIC agrees that it waives the right to contest payment of the death-benefit of such a policy on the ground that there is no "usual" or "customary" relationship between the policyholder and the beneficiary, e.g., the relationship between relatives. G) MMIC consequently agrees that it intends to pay, and will pay, the death-benefit on such a policy in precisely the way, and with the prompt- ness, which it would employ if the beneficiary were a blood relative of the policyholder rather than a cryonics organization. H) MMIC stipulates that its acceptance of all the foregoing provisions will remain in effect irrespective of the progress, lack of progress, advances, or set-backs (whether physical, legal, or financial in all those four cases) of the cryonics movement generally or of any particular cryonics organization. I) MMIC agrees that if any of the provisions of this agreement should be held invalid by a court of competent jurisdiction, the company will continue to be bound by all the provisions not held invalid. J) MMIC agrees to be bound by all the provisions of this agreement whether a cryonics organization is only the beneficiary of a policy or is both the beneficiary and the owner of such a policy. K) MMIC stipulates that in agreeing to provisions "B", "C", "D", "E", and "F" above, it is basing its adherence on the general sense of the provision, and not merely on the precise words in quotation marks therein, and will therefore not contest payment of the death-benefit of such a policy on any ground substantially the same as those listed in quotation marks. Sincerely, Kevin Q. Brown Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=637.1