Unusual Risks recently published an article with details of where to find relevant information about Cryonics.
In response to this we received an excellent suggestion from a long standing Cryonics Institute member that we might also like to highlight that there are in fact two Yahoo groups that people can share information about Cryonics.
Cryonet Yahoo Group
https://groups.yahoo.com/neo/groups/New_Cryonet/info
Longevity Report Yahoo Group
https://groups.yahoo.com/neo/groups/LongevityReport/info
We have since agreed to do a Q&A for members of these groups, from questions they forwarded to us by email.
Life Assurance Questions
Do I have to use Life Assurance to fund Cryonics?
Life Assurance has become the most popular method of funding Cryonics without doubt, but there still remains the option to pay for Cryonics via an up-front cash payment. We understand that The Cryonics Institute, Alcor Life Extension Foundation and Kriorus all accept cash payments.
Are there any up-front costs to setting up a Life Assurance plan?
Most Life Assurance providers offer commission to financial advisers, that is paid in return for introducing the client to them. This means that there is no “up front” cost to taking life assurance and no direct fee payment due for advice. Unusual Risks will also organise the trust documents required by Alcor and Cryonics Institute free of charge for our clients applying for Life Assurance.
Do you arrange Life Assurance for non UK Citizens?
Unfortunately Unusual Risks are only licenced to arrange Life Assurance for clients resident in the United Kingdom. If you are resident in the UK then contact us www.cryonicsinsurance.co.uk If you are resident in the USA then we suggest contacting Rudi Hoffman. www.rudihoffman.com
Trust Document Questions
How do I select my trustees?
When selecting trustees for your Absolute Trust or Irrevocable Trust document you should endeavour to appoint people younger than yourself. Many people select family members they believe will carry out their wishes, but also appoint another cryonics member they have may met through an organisation like www.cryonics-uk.org
On a number of occasions we have met clients who have also appointed a trustee from within the Alcor or Cryonics Institute organisations. In some cases clients have appointed a professional trustee to perform their wishes and Unusual Risks have a solicitor that we can recommend that is “Cryonics Friendly” for those wanting to pursue this option.
Is an Absolute Trust exactly as it says?
Yes, an Absolute trust document is “Absolute”, which means that once you have completed the document and it has been lodged with the Insurance Company it cannot be altered. Effectively when you take out insurance and place it into an Absolute trust, you “Gift” the Insurance policy to either Alcor or Cryonics Institute and the Trust cannot be altered or amended in any way.
Can I leave excess money to my family?
In some cases we have been asked by clients to arrange an amount of Insurance that may be more than is required by Alcor and Cryonics Institute to fund their Cryonics Agreement. In several cases clients have approached their service provider and requested that any excess monies be forwarded to either their estate or a family member.
We understand that both Alcor and Cryonics Institute are very reasonable about this issue and we suggest contacting them if you require further confirmation on this subject.
Click here to view our previous feature article “Where to find information about Cryonics?” http://cryonics-insurance.co.uk/?p=199
Unusual Risks are the UK’s leading financial advisers offering specialist advice on Life Insurance for the purpose of funding Cryonics.
For more information on Cryonics and Insurance in the UK you can contact Unusual Risks by phone on 0845 474 3075. Email at Enquiries@unusualrisks.co.uk or visit us online at www.cryonicsinsurance.co.uk
Unusual Risks are the approved Insurance agents in the United Kingdom for both Alcor Life Extension Foundation www.alcor.org and The Cryonics Institute www.cryonics.org
People in the United Kingdom wanting to know more about the subject of Cryonics should contact Cryonics UK at www.cryonics-uk.org