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>Another problem is the lack of guarantees that 100 years later the same company would care ... Only as a curiosity, I always wondered how the payments are arr
by jaclaz 4y ago
>Another problem is the lack of guarantees that 100 years later the same company would care ...
Only as a curiosity, I always wondered how the payments are arranged with such a company.
I mean, is it a lump sum paid at the time of the freezing or is it monthly (or yearly) subscription fees?
If the first, the risk might be that once the company has made enough money, it simply folds, with the second, who is going to pay the subscription, heirs, but then they could change their mind or die themselves, or spend the money on something else.
Probably there should be a trust, or an escrow service of some kind (which BTW might have the same 100 years duration issue), but even in this case, how do you calculate the amount of money needed on it, will the money be invested in such a manner to compensate for inflation, what would happen in case of a financial crisis, etc.
- yellowapple 4y ago> I mean, is it a lump sum paid at the time of the freezing or is it monthly (or yearly) subscription fees? Per Alcor's website, it's a monthly membership fee while you're alive (rate depending on your age when you sign up) plus listing Alcor as your beneficiary on your life insurance policy.
- jaclaz 4y agoThanks, I just checked their website, and also one of the competitors (Cryonics Institute), the "alive subscription" seems like being secundary, the main part seems to be a lump sum at time of death (directly or through life insurance). No idea if those two offer exactly the same service, but surely the cited prices are very different: - Alcor 200,000 full body or 80,000 head only - Cryonics between 28,000 and 35,000 full body This latter even puts the other prices in their FAQ, to show how convenient is their offer.