[extropy-chat] Cryogenics Economics- Estate Tax deferral?

[BillK]

On Tue, 2004-03-09 at 05:24, Greg Burch wrote:
> The problem is this: life insurance is NEVER a good bet for the "life 
> insured": if you win, you lose (i.e. die).  If you live longer than
> the insurer expects, you pay the insurer MORE.  Even people of modest 
> intelligence will figure out that life insurance isn't a good deal in 
> more and more circumstances -- at least at the scale and for the
> reasons most people buy life insurance -- if they think they have a
> chance at vastly extended lifespans.

Yes, we should already be thinking about the costs of long-term medical
care rather than life insurance. Longevity treatments may well at first
require hiring a permanent medical nurse to look after your frail body
and all the attendant life-maintaining devices. Or moving to a medical
care home for old folk at, say, $1,000 per week.

A cryonics life insurance policy becomes questionable if advancing
medical care can keep you alive for an extra fifty years.

Morris Johnson has pointed out one of the problems with cryonics. i.e.
you lose all your possessions when you die and will be penniless and
assetless when/if you are revived in the future.

BillK