Cryonics & Whole of Life Assurance by Chris Morgan
Certainly one the most common questions I’m asked about Life Insurance for Cryonics relates to UK based Whole of Life Assurance.
In particular why is Whole of Life Assurance recognised as the best way to pay for Cryonics in the UK?
Cryonics providers themselves are not able to give advice on Insurance products, especially if they are based outside of the UK.
They are very open about this on their websites and encourage potential members to seek professional financial advice, especially if they are in the UK.
Unusual Risks have many existing clients who are members of Alcor, Cryonics Institute, Tomorrow Biostasis and Cryonics UK.
We are completely independent and are up to date with the latest developments in the Cryonics community and the Insurance products that are most suitable.
Unusual Risks are financial professionals who are qualified, authorised and licensed to advise you on all your Life Insurance needs for Cryonics in the UK.
LEVEL TERM INSURANCE
Fixed term – this means your Life Insurance could end before the money is needed.
The only time this should be recommended is where you intend on using other existing assets to pay for Cryonics in the future. This type of Life Insurance may create a funding shortfall and Term Life Insurance polices are generally unsuitable for funding Cryonics.
Term Life Insurance works out the most expensive way overall to fund Cryonics.
Although you have Life Insurance throughout the term, you will still need to fund the final payment in later life after the term ends by some other means.
WHOLE OF LIFE ASSURANCE
Whole of Life Assurance reduces the overall amount you pay for Cryonics – this is due to the way that the underlying contract works.
There is no better and cheaper way to fund your Cryonics agreement, this can be demonstrated within our advice when we present quotations to you.
Whole of Life Assurance provides Life Cover right through until the moment it is needed to fund Cryonics.
IMPORTANT ISSUES
We can advise you on all the important issues that impact on your decisions when taking out Life Insurance for Cryonics.
These are some of the common questions we are asked?
What are the correct type of trusts that are required by the Cryonics providers?
How can I go about mitigating the effects of inflation within my Life Assurance planning?
How can I account for fluctuations in Foreign Currency Exchange rates, when selecting the amount of cover that I need?
INDEPENDENT ADVISERS
Unusual Risks are qualified, authorised and licensed in the UK to advise you on all your Life Insurance needs for Cryonics.
We have agencies with all of the leading UK Life Insurance Companies and are completely up to date with all the latest Whole of Life Assurance products in the UK.
We are financial services professionals that are authorised to provide “advice and recommendation”, which means we assess your requirements and then present recommendations to you in the form of quotations.
To read our recent Cryonics & Life Insurance UK Guide click here https://cryonics-insurance.co.uk
Chris Morgan and Unusual Risks have been helping the UK Cryonics community for the last seventeen 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 are the approved Insurance agents in the United Kingdom for both Alcor Life Extension Foundation and The Cryonics Institute. We also represent members of Tomorrow Biostasis and also advise members of Cryonics UK the emergency standby provider.
All Cryonics organisations recommend that you obtain financial advice before taking out Whole of Life Assurance – as they are not able to advise you on Life Insurance matters in the UK.
See links below.
If you need advice about Cryonics and Insurance then contact us on 0845 474 3075 or by email Enquiries@unusualrisks.co.uk Visit Unusual Risks on the web at www.cryonicsinsurance.co.uk
Alcor Life Extension Foundation www.alcor.org and The Cryonics Institute www.cryonics.org Tomorrow Biostasis https://www.tomorrow.bio/
If you are in the United Kingdom wanting to know more about the subject of Cryonics and emergency standby services you should contact Cryonics UK at www.cryonics-uk.org