How To Fund Your Cryopreservation
Alcor, a cryonics provider, recently posted a helpful overview of the way in which folk of ordinary means fund indefinite low-temperature storage following death, to await future technology capable of repairing the damage of aging and disease. "The following four funding methods are currently accepted by Alcor for new applicants ... 1. Life Insurance.
Used by the vast majority of current Alcor members, this is the most typical funding arrangement because it is affordable on a day-to-day basis. Alcor is designated as both the beneficiary and owner of the life insurance policy (revocable if membership terminated) ... 2. Prepaid - Cash or Equivalent ... 3. Trusts.
All trusts involve some form of fees to the oversight trust company. Some applicants may perceive a potential advantage of trust funding, as it introduces third-party involvement in the trust company, which pays Alcor after the terms of your contract with Alcor have been satisfied. ... 4. Annuity.
An annuity is a 'savings plan with a life insurance company.' Funds are reallocated from other accounts to establish an annuity. An annuity can provide the same level of certainty of funds being available as a life insurance policy."