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

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