How Much Insurance Cover Do I Need for Cryonics? …
This is the most frequently asked question by people taking our Life Insurance for the purpose of funding Cryonics.
Over the last four years we have advised literally scores of people about the correct amount of insurance to run alongside their Cryonics Funding Agreement held with either Cryonics Institute or Alcor life Extension Foundation.
People are rightly concerned about taking out the correct amount of insurance and a number in the UK have already turned to Unusual Risks for our help in assessing their Insurance needs.
Charles is 36 years of age and works in Technology Sales …
“I’m really interested in signing up for Cryonics, but I’m really not sure where to start in regards to the right amount of insurance, or the type of policy to take out in this country. I’m really not sure whether Cryonics is affordable and have no idea of what the monthly premiums are likely to be for the different options”.
Unusual Risks are independent insurance agents that are experienced at looking after existing members of both Cryonics Institute and Alcor Life Extension Foundation. Here’s some advice for those who may be considering taking out Life Insurance for the purpose of funding Cryonics.
1) Make sure your policy takes into account all costs that are likely to be encountered prior to the commencement of your Cryonics suspension. For example, make sure that all costs relating to international transportation and any standby team assisting you are included in the amount of insurance that you take out.
2) Make certain that you take into account any possible currency fluctuations between the UK and USA when calculating the amount of Insurance. Both of the leading Cryonics organisations are based in the USA and make their charges in US Dollars, so it’s important to take into account both current and possible future currency exchange rates when calculating an appropriate level of Insurance.
3) Be sure to consider possible future prices of Cryonics when taking out Insurance, because the cost of Cryonics in today’s money may not be the final cost that you will be required to pay for the services in the future. It is important to make certain that any insurance policy makes provision for any inflation increases that may happen in the future.
Unusual Risks are experienced at providing advice on these and many other issues surrounding Cryonics and Insurance. We are always happy to discuss your requirements in detail and provide quotations across all Cryonics provider options before you make any decisions.
And Charles?
We provided four different quotations for him ranging from Insurance amounts of £60,000 through to £215,000 and monthly premiums starting at £28 right through to £96 per month. This enabled him to assess all of his options and decide which Cryonics Provider’s agreement was best for him.
If you require more information on Cryonics and Insurance in the UK you can contact Unusual Risks Mortgage & Insurance Services on 0845 474 3075, or email at Enquiries@unusualrisks.co.uk
Or visit us on the web at www.cryonicsinsurance.co.uk for free factsheets and research notes.
For information about Cryonics Institute visit www.cryonics.org and Alcor Life Extension Foundation www.alcor.org People in the United Kingdom wanting to know more about Cryonics can contact Cryonics UK at www.cryonics-uk.org