Lack of planning by the individual is not the main problem.September 6 2011 at 7:12 PM
|John David Galt (no login)|
from IP address 18.104.22.168
Response to Funding gap calculation
Even if Alcor had been up front about the likely minimum funding needed (and the friends I signed up with had not given non-binding assurances of grandfathering), most life insurance companies won't write a policy above, say, 20 times the insured's annual salary. The insurance industry simply considers that the purpose of life insurance is to protect your family from the loss of your income, and thus, anything above that amount suggests to them that some sort of fraud, at the very least, may be going on.
This is one of several reasons I advocate that cryonics organizations offer prepayment plans. Until cryonics becomes mainstream, getting insurance will always have this problem (and worse, if cryonics does become mainstream then the insurance companies may redefine "death" so that their product will be useless to us).