Unusual Risks, the Cryonics Insurance advisers are today announcing the results of their latest Cryonics and Insurance Survey. After conducting research into the UK’s leading insurance providers, they can now confirm that 33% now offer Absolute Trust documentation, alongside their Insurance policies, making them the most suitable for funding Cryonics.
The survey was conducted to confirm the compatibility of UK Insurance policies, alongside the membership requirements of both Alcor Life Extension Foundation and The Cryonics Institute. Both organisations accept Insurance as a form of payment for Cryopreservation. In a previous Cryonics and Insurance Survey it was established that 90% of Cryonicists use Insurance to fund their agreements.
Speaking about their survey, Chris Morgan, Lead Financial Adviser of Unusual Risks Said;
‘In previous Cryonics and Insurance Surveys we have focused on the types and amounts of funding being used by Cryonics Members to fund their agreements. In this survey we have elected to do something different and focused on the leading insurance providers and the suitability of their products for funding Cryonics’.
‘Both Alcor and Cryonics Institute require members to place their Insurance into a Trust to make sure funding is completed in a timely manner at the point of suspension. We have established that not all insurance providers provide the correct Trust Documentation, with only 33% of Insurers currently offering the correct type of documentation alongside their policies’.
In theory Cryonics members could use any insurance policy to fund their agreement, with a solicitor writing an irrevocable trust deed alongside. However, we have met a number people who have found this method to be expensive. Unusual Risks have conducted research and are able to offer Insurance providers that offer an “Absolute Trust” document alongside their policies free of charge.
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. In last year’s survey they established the average amount of Insurance being taken for the purpose of Cryonics is currently £109,461, with the lowest amount disclosed £60,000 and highest disclosed £270,000.
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 Institutewww.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