It’s not that the insurance provider is giving a good deal for signing up early, it’s that life insurance is like an investment with risk management added on, and starting early gives your investment more time to grow.
Whole life insurance, yes. Term life insurance (which pays nothing unless you die during the specified time period), no. And the “cheap” premiums cited by cryonics people are for term life insurance.
I was explicitly talking about whole life insurance, which I advocate using for cryonics, and which I use myself. It is more expensive initially, but it lets you lock in your premiums when you are young and healthy.
If you do use term life insurance, it is cheaper when you are young because you are less likely to die during the term. But, unless you have a plan for how to fund your cryonic suspension after you survive the term, using it to fund cryonics is crazy.
I do not endorse citing the premiums for term life insurance as the cost of cryonics.
Whole life insurance, yes. Term life insurance (which pays nothing unless you die during the specified time period), no. And the “cheap” premiums cited by cryonics people are for term life insurance.
I was explicitly talking about whole life insurance, which I advocate using for cryonics, and which I use myself. It is more expensive initially, but it lets you lock in your premiums when you are young and healthy.
If you do use term life insurance, it is cheaper when you are young because you are less likely to die during the term. But, unless you have a plan for how to fund your cryonic suspension after you survive the term, using it to fund cryonics is crazy.
I do not endorse citing the premiums for term life insurance as the cost of cryonics.