AngryParsley comments on Normal Cryonics - Less Wrong

58 Post author: Eliezer_Yudkowsky 19 January 2010 07:08PM

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Comment author: AngryParsley 21 January 2010 07:22:49AM *  3 points [-]

You asked before and I replied:

I have a policy with Kansas City Life Insurance:

All these benefits come with a guarantee that your premium won’t change. The basic premium you agree to now will remain the same throughout the life of your policy.

So umm... yeah. That's how life insurance usually works.

ETA: This is the first time I've heard, "life insurance doesn't work" as an objection to cryonics.

Comment author: taw 21 January 2010 11:27:25AM -1 points [-]

And what are their premiums? They simply have to be far higher than form 25 year old's 20 year term life insurance if their business is to make any profits. The only low premiums I've seen so far are for young people's term life insurance, which people keep naively extrapolating ignoring aging.

I'm really disappointed that this supposedly rational community keeps failing basic math. The entire "cryonics is cheap" argument relies on failing basic math.

Comment author: AngryParsley 21 January 2010 06:04:32PM *  3 points [-]

Again, I replied in the very same thread I linked to.

Remember that a lot of people who get life insurance policies cancel them before they die, or fall on hard times and can't pay the premiums. I'm 24 and healthy. I went the more expensive route and got whole life insurance, so my premiums are $64/month. With Alcor dues I end up spending about a grand per year on cryonics. Did I mention I picked what is basically the most expensive option? (Alcor whole body preservation with whole life insurance). You could easily cut that down to $300/year if you went with CI and term life insurance.

$64 * 12 * 50 = $38,400, which is a bit less than the policy of $200k. If that money were invested every month, it would end up being significantly more than the policy amount.

Term life insurance is not a bad idea for most people. Lots of people save up money over their careers. $80,000 is barely a down payment on a condo in the bay area.

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