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People realized insurance would lose value over time ... they did? I missed that.

December 25 2010 at 5:27 AM
Rick  (Login recreation)
Owner
from IP address 98.165.81.74


Response to Part I and II of articles that won't appear in Alcor's Cryonics magazine

 

I feel like an idiot. Platt writes..

quote
Of course, people realized that since the cost of cryopreservation
would tend to increase with time, the insurance would lose value
relative to the service it was supposed to buy. But to a 25-year-old
activist grappling with everyday challenges associated with running a
small undercapitalized company, death must have seemed a remote
prospect, decades away. Before then, no doubt, some key event would
change the public perception of cryonics. The concept was so obvious,
it was--well, too important to fail! Members would come flooding in,
and no one would be worrying about money anymore.
unquote
http://www.cryonet.org/cgi-bin/dsp.cgi?msg=32976

My comment... I forgot about that completely. When I bought my first life insurance policy in 1978 for an amount of 22K, after reading Prospect... I didn't extend my inflation/tech curve to see that I'd actually need a nominal about more than 10X that... maybe 20X that by 2057 when I'd be 100. I can't recall if I had thought about economy of scale... probably not, although I was a student in a social science/ business faculty... so I could potentially have thought of that.



No log in needed at this time to post. Let's hear your story on your life insurance! The funding gap situation at Alcor is serious and demands everyone's attention.

 
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