X-Message-Number: 8472 Date: Mon, 18 Aug 1997 16:05:10 +0100 From: John de Rivaz <> Subject: Re: insurance In article: <> writes: > > From: The Hitman <> > Subject: insurance > > I have to agree with John de Rivaz with his idea for investing > insurance money instead with the cryonics company of your choice. (rest del) This is not what I thought I said. I said that people will have to invest in their own names, and only set up the cryonics trust when the sum accrued is enough for suspension funding. I agree as a sensible person with what "The Hitman" suggested, but unfortunately this world is run by lawyers not sensible people. They have made it so complicated (to set up a scheme such as is proposed), that the members of their profession would accrue a fortune in fees to do it, and the process would take years, maybe even decades. What was proposed was tantamount to the cryonics societies having their own life insurance company and putting the profits into research etc. This has been discussed at length in the magazines, even before the Internet was widely used, and the obstacles are insurmountable for reasons of cost. Someone aged 27 has a very good chance of living ten to twelve years, and simply investing the money in his own name seems a good option. It may also be possible for a group of friends to get together and run the "DIY life insurance" scheme proposed amongst themselves, but they would not be able to advertise publically for new members (= selling life insurance without being in the cartel) and it is unlikely that the group could afford to use the courts if there was a disagreement amongst themselves. Lawyers and tax accountants could also make trouble if the group did need to pay out for one of its members. The biggest cause of death in this age group is personal accident, and policies that pay out in this event can be bought cheaply and with no problems with "medical evidence" etc. Such a policy could be used by someone saving up the capital. -- ***************************************** Sincerely, * Longevity Report * * http://www.longevb.demon.co.uk/lr.htm * John de Rivaz * Fractal Report * * http://www.longevb.demon.co.uk/fr.htm * * Music I like - see homepage * ***************************************** In the information age, sharing can increase world wealth enormously, because giving information does not decrease your information. http://ourworld.compuserve.com/homepages/JohndeR Fast loading, very few slow pictures Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=8472