Have you considered Term life insurance vs Whole-of-Life insurance? Salemen will try to push you towards the latter but the former can have much lower premiums (especially if your time horizon is < 40 years)
I have considered it. The <40 years horizon is especially affecting because, while my condition is not currently life threatening (or much to note at all), I’m still young and active in controlling it. As I get older, it may be harder for my body to avoid the adverse affects, and I could be dead by 60.
My biggest concern with term is going to term life now, only to be in much worse condition when the term expires, causing a renewal to raise my payments heavily. Since it’s a point brought up by Larks, I’ll say here I have no expectation to self-finance, and I don’t know how much worse my condition will be when it comes time to renew.
Have you considered Term life insurance vs Whole-of-Life insurance? Salemen will try to push you towards the latter but the former can have much lower premiums (especially if your time horizon is < 40 years)
I have considered it. The <40 years horizon is especially affecting because, while my condition is not currently life threatening (or much to note at all), I’m still young and active in controlling it. As I get older, it may be harder for my body to avoid the adverse affects, and I could be dead by 60.
My biggest concern with term is going to term life now, only to be in much worse condition when the term expires, causing a renewal to raise my payments heavily. Since it’s a point brought up by Larks, I’ll say here I have no expectation to self-finance, and I don’t know how much worse my condition will be when it comes time to renew.
Surely for cryonics you want whole-of-life?
There are various reasons you would not want this:
You intend to save a lot of money and self-finance when able
You think you might change your mind
You think you will die in the next 40 years
You think you will be unusually healthy, and thus renewing will be cheaper
You have a higher discount rate than the market, and value paying $10/month rather than $60/month a great deal.