Especially in light of the recent thread which seemed to conclude that Alcor is superior to CI I’ve been thinking about the discrepancy between Alcor membership fees and the cost of life insurance. Membership fees are a fixed rate independent of age/probability of death, while life insurance varies. This means that the (cost : likelihood of death) ratio is far higher for younger prospective cryonauts, and this triggers my sense of economic unfairness/inefficiency.
For instance, with data from Alcor, assuming neurosuspension and extra as I live in the UK:
Membership $1.7 per day
29 year old female
Insurance: $0.46 per day
Membership to Insurance Ratio 3.7:1
62-year old male,
universal life (cost cannot go up as you get older)
Insurance: $5.1 per day
Membership to Insurance Ratio 0.33:1
Of course, Alcor can be regarded as a good cause, so membership fees are not a waste of money, however it’s probably not the optimal use.
This leads to two questions:
Why is it structured like this, so that younger members are effectively subsidizing older ones?
Especially in light of the recent thread which seemed to conclude that Alcor is superior to CI I’ve been thinking about the discrepancy between Alcor membership fees and the cost of life insurance. Membership fees are a fixed rate independent of age/probability of death, while life insurance varies. This means that the (cost : likelihood of death) ratio is far higher for younger prospective cryonauts, and this triggers my sense of economic unfairness/inefficiency.
For instance, with data from Alcor, assuming neurosuspension and extra as I live in the UK:
Membership $1.7 per day
29 year old female
Insurance: $0.46 per day Membership to Insurance Ratio 3.7:1
62-year old male, universal life (cost cannot go up as you get older)
Insurance: $5.1 per day Membership to Insurance Ratio 0.33:1
Of course, Alcor can be regarded as a good cause, so membership fees are not a waste of money, however it’s probably not the optimal use.
This leads to two questions:
Why is it structured like this, so that younger members are effectively subsidizing older ones?
Are there sensible third options in terms of provider? Plastination could be an alternative, but does anyone actually offer plastination?