Unusual Risks, the Cryonics Insurance advisers are today announcing the results of their second Cryonics and Insurance Survey. After conducting research into the financial needs of the Cryonics community in the UK, they can now confirm that the average amount of Insurance being taken for the purpose of Cryonics is currently £109,461.
The survey conducted amongst Cryonics UK members, existing clients of Unusual Risks and respondents to an online survey of people who were existing members of either Alcor Life Extension Foundation or The Cryonics Institute. This new study was conducted after feedback received from last year’s survey that looked at the different methods used by people to fund their Cryonics agreements.
Speaking about their survey, Chris Morgan, Lead Financial Adviser of Unusual Risks Said;
‘The purpose of this particular Cryonics and Insurance survey was to assess the amounts of Life Assurance that people are taking out to fund their Cryonics agreement. There is a great amount of discussion within the Cryonics Community as to the most appropriate amounts of Insurance to have in place for Cryonics’.
‘We realise that the amounts of Insurance that people take is an individual decision that needs to take into account issues such as currency fluctuations and future price increases in line with inflation. During the survey the lowest level of Life Assurance that was disclosed to us was £60,000 and the highest was £270,000’.
The wide differences in sum assured reflect a variety of service options that are available within the Cryonics Community and also policy holder’s individual attitude towards any future possible price increases. Last year’s Cryonics and Insurance Survey established that 90%* of Cryonics people were funding or intending to fund their agreements with an Insurance policy.
Chris Morgan and Unusual Risks have been helping the UK Cryonics community for the last five years to arrange all types of insurance policies for their needs. They are experienced at calculating future Cryonics insurance requirements and completing the appropriate trust documentation required by all of the leading Cryonics Service providers.
Unusual Risks would like to thank Cryonics UK for their help in publicising the Cryonics and Insurance Survey. 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 The 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