How big will the underfunding problem become? Projecting this number
would be simple enough, for anyone with access to Alcor data:
1. Check each member's funding.
2. Look up the probable life expectancy for each member
from actuarial tables, and project Alcor's probable
funding minimum at the likely time of death, assuming
that minimums continue to increase by an average of 3 or
4 percent per year. Subtract the member's grandfathered
funding amount from the probable future minimum at the
likely time of death, to find the member's probable
funding gap (in a few cases, it could be a surplus).
3. Add up all the funding gaps, subtract the total of
surpluses, and the result would be Alcor's total
probable unfunded liability for performing
Unfortunately, so far as I know, no one has ever done this
calculation. Therefore, the likely future dimensions of the
underfunding problem remain unknown.
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.