My objection to cryonics is financial—I’m all for it if you’re a millionaire, but most people aren’t. For most people, cryonics will eat a giant percentage of your life’s total production of wealth, in a fairly faint-hope chance at resurrection. The exact chances are a judgement call, but I’d ballpark it at about 10%, because there’s so very many realistic ways that things can go wrong.
If your cryonics insurance is $50/month, unless cryonics is vastly cheaper than I think it is, it’s term insurance, and the price will jump drastically over time(2-3x per decade, generally). In other words, you’re buying temporary cryonics coverage, not lifetime. That is not generally the sort of thing cryonics fans seem to want. Life insurance is a nice way to spread out the costs, but insurance companies are not in the business of giving you something for nothing.
What payout? And “universal life” is an incredibly broad umbrella—what’s the insurance cost structure within the UL policy? Flat, limited-pay, term, YRT? (Pardon the technical questions, but selling life insurance is a reasonably large portion of my day job). Even for someone young and healthy, $50/mo will only buy you $25-50k or so. I thought cryonics was closer to $200k.
$100k. Cryonics costs vary with method and provider. I don’t have exact up-to-date numbers, but I believe the Cryonics Institute charges ~$30k, while Alcor charges ~$80k for “neuro” (i.e. just your head) or ~$200k for full-body.
Running the numbers, it seems you can get a bare-bones policy for that. I don’t tend to sell many bare-bones permanent policies, though, because most people buying permanent insurance want some sort of growth in the payout to compensate for inflation. But I guess with cheaper cryo than I expected, the numbers do add up. Cryo may be less crazy than I thought.
My objection to cryonics is financial—I’m all for it if you’re a millionaire, but most people aren’t. For most people, cryonics will eat a giant percentage of your life’s total production of wealth, in a fairly faint-hope chance at resurrection. The exact chances are a judgement call, but I’d ballpark it at about 10%, because there’s so very many realistic ways that things can go wrong.
If your cryonics insurance is $50/month, unless cryonics is vastly cheaper than I think it is, it’s term insurance, and the price will jump drastically over time(2-3x per decade, generally). In other words, you’re buying temporary cryonics coverage, not lifetime. That is not generally the sort of thing cryonics fans seem to want. Life insurance is a nice way to spread out the costs, but insurance companies are not in the business of giving you something for nothing.
$50/month is for universal life insurance. It helps that I’m young and a non-smoker.
What payout? And “universal life” is an incredibly broad umbrella—what’s the insurance cost structure within the UL policy? Flat, limited-pay, term, YRT? (Pardon the technical questions, but selling life insurance is a reasonably large portion of my day job). Even for someone young and healthy, $50/mo will only buy you $25-50k or so. I thought cryonics was closer to $200k.
$100k. Cryonics costs vary with method and provider. I don’t have exact up-to-date numbers, but I believe the Cryonics Institute charges ~$30k, while Alcor charges ~$80k for “neuro” (i.e. just your head) or ~$200k for full-body.
Running the numbers, it seems you can get a bare-bones policy for that. I don’t tend to sell many bare-bones permanent policies, though, because most people buying permanent insurance want some sort of growth in the payout to compensate for inflation. But I guess with cheaper cryo than I expected, the numbers do add up. Cryo may be less crazy than I thought.